What is Keyman Insurance?

Keyman Insurance, also known as Key Person Insurance, is a type of business insurance designed to protect a company against the financial impact of losing a crucial employee. This person could be an owner, executive, or any other individual whose skills, knowledge, or relationships are vital to the success and stability of the business.

Short-term care insurance is designed to cover the costs associated with short-term care services that are not typically covered by traditional health insurance or Medicare. This type of insurance provides coverage for a range of services, including:

Assisted Living: Facilities that offer help with daily activities such as bathing, dressing, and medication management.

Home Health Care: Professional health care services delivered at home, including nursing care, physical therapy, and assistance with daily tasks.

Skilled Nursing Care: Temporary care provided in a nursing facility, often following a hospital stay or surgery.

Unlike long-term care insurance, which is designed for extended care needs often arising from chronic illnesses or disabilities, short-term care insurance is geared towards temporary care requirements that can arise from acute medical conditions, surgeries, or recuperation periods.

We specialize in providing:  

Health, Vision, Dental, and Life: This coverage protects individuals and groups against

unforeseen medical expenses and ensures financial security during a loved one’s passing.

Business Overhead and Keyman Insurance: Offering coverage for businesses to protect against

financial losses due to unexpected events, such as illness or death of a key employee. 

Long-Term / Short-Term Disability: Helping individuals receive income replacement benefits in case of an injury or illness that prevents them from working. 

Annuities: Providing a steady income stream for retirement or other long-term financial goals. 

Medicare Plans: Assisting individuals in navigating the complex world of Medicare options to find the best coverage for their needs.

 Short-term/Long-Term Care Insurance: These insurance products provide coverage for individuals who require extended care due to chronic illness, disability, or aging. A short-term or long-term care policy will help individuals maintain their independence and quality of life at home or in a skilled facility without depleting their life or retirement savings.

Join Our Bartley Insurance Family

We love helping out in Jacksonville, Wilmington, New Bern, Morehead City, Burgaw, and places in between. Want to learn more about how we can help you stay safe and sound? Check out our website at https://bartleyinsurance.com. You can meet our team and see all the cool ways we can help you and your family. Let’s make sure you’re ready for anything, together!

Join the Bartley Insurance Family…Whether you're new to Jacksonville, NC, or have been part of our community for years, Bartley Insurance invites you to discover the peace of mind that comes with having a robust short-term insurance policy and a solid savings plan. Visit us online at bartleyinsurance.com, or stop by our local office to chat with our friendly team. Together, let's ensure that your future is protected, come what may.

Long-term care insurance is a policy designed to cover the cost of long-term care services, including assistance with routine daily activities such as bathing, dressing, and eating, either in a facility or at home. These policies provide coverage that goes beyond the scope of regular health insurance and Medicare, which usually don't cover custodial care. Long-term care can be necessitated by various conditions, including chronic illnesses, disabilities, or disorders like Alzheimer's, highlighting the importance of being prepared for any long-term care needs that might arise as you age.

Long-term care insurance (LTC insurance) is designed to cover services not typically covered by health insurance, Medicare, or Medicaid. It encompasses a wide range of services and supports for individuals who need assistance with basic personal tasks of everyday life, often referred to as Activities of Daily Living (ADLs), such as bathing, dressing, and eating.

This blog explores the complexities and advantages of life insurance for high-net-worth individuals, aiming to shed light on how these policies can be tailored to meet unique financial landscapes..

Disability Insurance for Young Adults: A Must-Have Safety Net

In today's fast-paced world, where unpredictability is the only certainty, disability insurance emerges as a critical safeguard for young adults. Often overlooked in financial planning, disability insurance provides a lifeline in the event of an unexpected illness or injury that can disrupt one's ability to work and earn an income. This blog post delves into the essentials of disability insurance for young adults, highlighting why it's not just a wise choice but a necessary component of a comprehensive financial strategy.

Understanding Disability Insurance

Disability insurance, often termed income protection, is designed to replace a portion of your income if you become unable to work due to injury or illness. With options ranging from short-term disability insurance, which covers brief absences from work, to long-term disability insurance, offering extended support, there's a coverage plan to fit every need and budget.

Why Young Adults Need Disability Insurance

Many young adults may question the need for disability insurance, feeling invulnerable in their youth. However, statistics from leading health organizations reveal that over 1 in 4 of today's 20-year-olds will experience a disability before reaching retirement age. These numbers underscore the importance of disability insurance as a financial safety net, ensuring stability in times of uncertainty.

Choosing the Right Disability Insurance Plan

Navigating the world of disability insurance can be daunting, with terms like "own occupation" and "any occupation" policies, elimination periods, and benefit durations to consider. It's essential to compare disability insurance quotes and understand the specifics of each plan, such as coverage limits and the claim process. For young adults, finding affordable disability insurance plans that offer sufficient coverage without breaking the bank is crucial.

The Benefits of Early Enrollment

Starting a disability insurance policy at a younger age offers several advantages. Premiums are typically lower for younger individuals, and securing coverage before the onset of potential health issues eliminates concerns about pre-existing condition exclusions. Furthermore, many employers offer group disability insurance options, which can be a cost-effective way to obtain coverage. However, it's important to assess whether employer-provided disability insurance meets your needs or if supplemental disability insurance is necessary.

Final Thoughts

Disability insurance for young adults is not merely an optional extra—it's a foundational element of a sound financial plan. By investing in disability insurance, young adults can protect their future, ensuring that an unexpected disability does not derail their financial security and life goals. Whether you're self-employed, a small business owner, or part of the gig economy, exploring disability insurance options is a step toward securing your financial well-being.

Navigating Your Options

As you consider disability insurance, remember to research and compare different providers and plans. Look into individual disability insurance reviews, use disability insurance premium calculators for estimates, and don't hesitate to consult with insurance professionals to find the best fit for your lifestyle and needs.

Disability insurance is not just planning for the worst; it's ensuring that you and your loved ones remain supported, no matter what life throws your way. Start your journey toward financial security today by exploring your disability insurance options.