Risk Management Solutions
In an Effort to Minimize Risk and Maximize Security
Properly managing the risks that threaten your financial well being is a critical element of any comprehensive financial plan. Transferring these risks is many times an appropriate technique to mitigate these pronounced risks that have the potential to seriously compromise important financial objectives. Therefore, selecting the right insurance products and strategies is a critical function to ensure that you and your goals are sufficiently protected. At PFP Financial & Insurance Services Corporation we provide a broad universe of solutions from among some of the country's strongest and most trusted insurance companies.
Life insurance should serve as the basic building block of any solid financial plan. It can provide financial protection for your family — or your business — in the event of your premature death. Whether it is term life, permanent life or a more complex policy, we have the solutions that may help protect you, your business and your family.
Disability Income Insurance
In order to maintain your standard of living, it is critical to protect your ability to earn an income. Individual disability income insurance can help preserve a portion of your income and provides financial protection if you become disabled for an extended period of time.
Long Term Care Insurance
As health care costs continue to rise, a long-term illness can have devastating effects on your savings. Long-term care insurance may deliver financial resources that help cover the cost of long-term care you might need in the event of an illness, accident as a result of the normal effects of aging.
During periods of stock market volatility, it’s nice to know you have a stable source of income to help you through it. Annuities are the financial equivalent of a backstop to guarantee a portion of your retirement income. Guarantees are based upon the claims paying ability of the issuing company.
Financing the costs of health care can be overwhelming. Additionally, the need for quality yet affordable health care and by extension health insurance is challenging. We work with clients and organizations to identify the health insurance options that align with their unique circumstances and values.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. All guarantees subject to the claims-paying ability of the issuing insurance company.
Fixed annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.