In your absence it will provide for those that depended your income. Life insurance has many uses. It can provide for your family, pay for children’s education, help your survivors buy out a business partner, pay off debts, and pay estate taxes and final expenses. Term insurance is the least expensive it has ever been and allows you to obtain large amounts of coverage for very little cost. However, when the “term” expires this coverage can become quite expensive to continue. If you want life insurance to last as long as you do it is wise to have part of your portfolio in permanent coverage.

Disability insurance assures that you have income if the paycheck stops due to your inability to work due to an illness or accident. Virtually everything you have- your home, care for your family, your automobile, your insurances- all depend on your paycheck. It is wise planning to take a small percentage of your current income (insurance premium) so an insurance company will provide an income if your paycheck stops because you're unable to work due to an accident or illness.

Long Term Care Insurance; the key to fully enjoying your retirement years. Let us show you how an affordable monthly premium can provide hundreds of thousands of dollars to cover the costs associated with long-term-care (expenses that 70% of people over age 65 will incur). Use your nest egg to fully enjoy your Golden Years, knowing that the funds will be there to provide quality care when needed. Florida and Georgia Long Term Care For people participating in Georgia and Florida LTC Insurance plans, Qualified Long Term Care Insurance Partnership programs allow you to shelter assets equal to the amount of your long term care insurance benefits and still apply for governmental assistance if you exhaust your insurance benefits. Call the Life Solutions team at 877-652-0221 toll free, or e-mail us at info@lifesolutions.com for more information on the Georgia or Florida Long Term Care Insurance Partnerships and to see how a carefully designed Long Term Care insurance plan can provide the resources to provide quality care and help you preserve assets. We are pleased to serve residents of Florida, Georgia, Mississippi, Alabama, and Arkansas. Consider the following points:

• Of people needing long term care 40% are between ages 18 and 64.
• The average length of time spent in a nursing home is 2.38 years.
• The average age of long term care insurance buyers has decreased from 72 in 1990 to age 58 today.
• More than 83% of people needing long term care live in the community.
• In the year 2030 it is estimated that the average nursing home stay will cost $495,000.
• 70% of those over age 65 will require long term care at some point in their lives.

In the December 10, 2012 issue of Forbes magazine William Baldwin, investment strategies editor, offered age tailored ideas to help readers make the most of Pres. Obama's second term. He advised those 55 and over to purchase deferred annuities. Certain types of deferred annuities are excellent low risk vehicles to keep and grow your money. Fixed annuities can be configured to provide a respectable rate of return using a predetermined interest rate. The interest rate may be reset annually, or may be guaranteed to remain the same for multiple years. Indexed fixed annuities tie the rate of return to your choice of a number of different indexes, including the Dow-Jones, and the S&P 500. You gain if the markets are up, but you don't risk losing principal and interest if the markets are down. Accumulations within deferred annuities grow tax deferred (no 1099’s) and are not taxed until funds are withdrawn. The IRS imposes a penalty, however, if withdrawals are made prior to age 59½. These vehicles are designed for the long term and generally apply surrender charges if the annuity is surrendered prior to a specified length time (usually 5 to 10 years). Most companies, however, will allow some surrender free withdrawals during the surrender period. Both types of fixed annuities can be configured to allow for a lump sum distribution at the end of the surrender period. They can also be configured to pay out over a specified number of years or provide a guaranteed lifetime income. Variable annuities are generally funded with mutual funds and are subject to increase or loss of principal, depending on the movement of the markets. Life Solutions, P.A. does not market variable annuities. Immediate annuities are funded with a lump sum of money and provide for immediate distribution, usually within 30 days of the effective date of the annuity. An immediate annuity can be configured to provide a guaranteed income for a specified period of years or for a lifetime.