No one likes to think about it, but the financial consequences of a premature death can be devastating. When a breadwinner passes away, the survivors still have to pay the mortgage, raise the children and save for college and retirement. Life insurance can help to replace the income lost due to a premature death. To learn about the different types of insurance, the costs involved and for help with applying contact us at 844.8338.
Long Term Care Insurance
The cost of long-term care is approaching $100,000 a year in Hawaii. And, your health insurance and Medicare will not cover those costs. Medicaid will pay only after you have spent down almost all of your assets. In 2006, about 12.8 million Americans required long term care.1 About 44% of Americans reaching age 65 are expected to enter a nursing home at least once in their lifetime and, of those, about 53% will stay for one year or more. 2 Long-term care insurance can help you to cover these costs. To learn about long-term care insurance or to apply for a policy, contact us at 844.8338.
1,2 A Shopper’s Guide to Long-Term Care Insurance, NAIC, 2006.
All of our financial plans-vacation, retirement, college for the children-are based on the assumption that we will continue to bring home a paycheck. What happens to those plans if we are unable to work due to illness or injury? In fact, more people lose their homes due to disability than through fire or death. Yet, less than 15% of workers are covered by disability insurance. To learn how you can protect your family from the risk of disability, call us at 844.8338.
Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC ) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. HawaiiUSA Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.