Insurance
Life Insurance
Life insurance is at the foundation of sound protection planning. However, the application of life insurance is broad and it is often used in business planning, charitable giving, wealth management, and estate planning. Life insurance proceeds (the death benefit) are generally free of income taxes. In addition, policy cash values accumulate on a tax-deferred basis and you have access to those policy values through loans and withdrawals on a tax-favored basis. Insurance planning may incorporate a wide array of products from simple term insurance to the most complex variable life insurance policy.
Loans and withdrawals will reduce death benefits and may impact the amount and frequency of future premium payments. If you take a policy loan or withdrawal, you may incur a significant income tax liability if the policy terminates before the death of the insured. When taking loans or withdrawals, your policy should be carefully monitored annually with your agent or other financial professionals.
Meritage works with the following insurance providers to obtain the appropriate coverage for your financial needs:
Disability Income Insurance
Our disability income insurance product lines for individuals start at standard income protection policies, all the way up to custom-designed contracts to satisfy the unique requirements of professional athletes and highly compensated executives. In addition, we routinely work with business owners to enhance their employee benefits offerings.
We offer products from the following respected institutions.
Long-Term Care Insurance
Long term care involves a variety of services and supports to meet health or personal care needs over an extended period of time. The rising cost of long-term care can grow substantially depending on the need and duration of care. Health insurance (including Medicare) may not fund the majority of long term care costs. Long term care insurance is the only insurance product designed specifically to pay for long term care services & supports. Meritage helps clients obtain long-term care insurance from the highest rated carriers in the industry: