Most families are faced with the financial risk that an unfortunate occurrence might cause the family to lose the income of a breadwinner. A common misconception is that a death presents the largest risk of loss of family income. However, over a lifetime, an individual has a much greater chance becoming unable to provide income due to temporary or permanent disability as opposed to death. To protect against such risks, disability insurance can provide a viable solution. At ELIA International…

Health Insurance is a protection that no one should be without. With the exorbitant cost of health care, even minor health care needs can carry a breathtaking price tag. Today, many citizens have health care coverage through their employer group plan. However, there are a substantial number of individuals who are self-employed, or do not have health benefits through their employer. Additionally, as the likelihood of health care needs rise, aging citizens should be aware of the situations in which…

As we travel through life, we find certain risks and challenges that we must deal with. While many of these risks are unlikely, the unfortunate occurrence of some losses can be emotionally and financially devastating. While there is usually little we can do to protect ourselves and our loved ones from emotional loss, there are measures that can be taken to protect the ones we care about from certain debilitating financial losses. There are certain questions we can ask regarding…

The death of a family member certainly has a profound emotional effect on the survivors. However, the loss of a family breadwinner can also have a significant effect on the family’s financial well being. With the death of an individual, family members are not only exposed to the emotional loss of the loved one, they are also exposed to the financial loss of that individual’s current and future income. Further, there are many financial obligations that arise in the event…

As we age, there is a growing likelihood that at some point in our lives, we will, or a family member will, need nursing home care. With the cost of a skilled nursing home far exceeding the annual income in many parts , this can be financially debilitating for many families. This financial risk faced by many individuals for themselves, or for an aged parent, can be reduced through the use of long-term care insurance. At ELIA International Consulting Services,…