Protect your income. Plan for your independence.
Your financial plan should make room for the unexpected. Disability insurance and long-term care insurance address different needs: income when you cannot work, and support when you need ongoing help with daily life.
Discuss your protection with Marco
Disability income insurance
A qualifying illness or injury may prevent you from earning your usual income. Disability coverage can replace a portion of earnings after a waiting period, subject to policy requirements.
Compare the definition of disability, monthly benefit, benefit duration and waiting period. Own-occupation and any-occupation definitions differ; partial disability provisions may help when you can work but earn less.
Review employer coverage, other benefit offsets, exclusions and portability. Your occupation, health and income can affect eligibility and cost.
Long-term care insurance
Long-term care can include help with everyday activities at home, in assisted living or in a care facility. Covered services, benefit triggers and approved providers depend on the contract.
Compare daily or monthly limits, the total benefit pool, waiting periods and inflation protection. Ask what documentation is required and whether premiums can increase.
Consider both traditional coverage and available combination products, evaluating costs, guarantees and how using care benefits affects other policy benefits.
Make the coverage fit your household
Start with essential monthly expenses, existing benefits and the resources available during a waiting period. For future care, discuss where you would prefer to receive help and the impact on family caregivers. Insurance is one part of that conversation; savings and family support also matter.
Questions to bring to a coverage review
- What event qualifies me for benefits, and how is it documented?
- How long must I wait, and how long can benefits continue?
- Which services or conditions are excluded?
- Can premiums change, and what happens if I stop paying?
- What coverage follows me if I change jobs?
Start with a personal conversation
Bring policy summaries, employer benefit information and a comfortable premium range. Marco Palumbo can help you discuss protection priorities and next steps. Share sensitive medical or financial records only through an appropriate secure application process.
Book a conversation or call 917-663-6562.
Related: Retirement Income and Life Insurance.
Benefits, eligibility and premiums depend on the insurer and contract. Learn more from the New York DFS long-term care guide and NAIC disability income guide.
Replace Lost Income
Keep Financial Goals on Track
Reduce Dependence on Savings
Prepare Today for the Possibility of Tomorrow
Long-term care isn’t simply about medical treatment. It can include assistance with everyday activities and ongoing support when someone can no longer fully care for themselves.
Care may be provided at home, in an assisted living setting, or in a specialized care facility, depending on individual needs.
Planning ahead can give you more choices and help reduce the possibility that future care costs will derail your financial plans.
