Insurance Services | McKinley Financial Group

McKinley Financial offers a variety of insurance solutions through LPL Financial. We offer policies and products from a wide variety of insurance providers across the spectrum of Life Insurance, Long-term Care Insurance, Disability Insurance and Annuities.

McKinley Financial advisors help to identify and implement appropriate strategies for our clients, including:

Analyzing and evaluating life insurance, disability insurance and long-term care insurance needs
Reviewing and comparing fixed annuity and immediate annuity rates
Existing policy review and analysis
Designing sophisticated estate planning and/or buy-sell strategies using life insurance.

Long Term Care Insurance
Long-term care insurance (LTCI) is a contractual arrangement that pays a selected dollar amount per day for a selected period of time for skilled, intermediate or custodial care in nursing homes and/or home health care.
Because Medicare and other forms of health insurance do not pay for custodial care, many residents of nursing home have only three alternatives for paying their nursing home bills: their own assets, Medicaid and long-term care insurance.

Long-term care refers to a range of medical and personal services that provide ongoing care for people with chronic disabilities who have lost the ability to live independently.

Long Term Care Insurance
Long-term care insurance (LTCI) is a contractual arrangement that pays a selected dollar amount per day for a selected period of time for skilled, intermediate or custodial care in nursing homes and/or home health care.
Because Medicare and other forms of health insurance do not pay for custodial care, many residents of nursing home have only three alternatives for paying their nursing home bills: their own assets, Medicaid and long-term care insurance.

Long-term care refers to a range of medical and personal services that provide ongoing care for people with chronic disabilities who have lost the ability to live independently.

The risk of contracting a debilitating illness (and the resulting medical bill) is usually one type of risk best assigned to an insurance company through the purchase of a long-term care insurance policy.

Life Insurance
McKinley Financial clients have access to many forms of term and whole life insurance, including:

Term Life Insurance
Whole Life Insurance
Universal Life Insurance
Variable Universal Life Insurance.

Since there are many choices and strategies for Life Insurance as part of a coordinated financial plan, we recommend a complimentary life insurance needs analysis.

After your complimentary analysis, we will make appropriate recommendations for your specific situation.

Disability Insurance
Disability insurance pays benefits when the insured is unable to earn a living due to sickness or injury. Like all insurances, disability income insurance is designed to protect against financial disaster.

Most disability policies pay a benefit that replaces some part of the insured’s earned income when they are unable to work. The chances of being disabled for longer than three months are far greater than the chances of premature death.

Life expectancy is greater today, because medicine has made many illnesses and injuries less life threatening. This is good news, but it does increase the need to protect your income with disability insurance.