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Our professional staff at Duncan Financial Group analyzes your insurance requirements from the viewpoint of RISK MANAGEMENT. By risk elimination, risk reduction, or risk transfer the cost of your package of insurance may be considerably reduced.

Auto Insurance

The most common form of property insurance purchased by Americans is personal automobile insurance. 
There’s a lot to know about auto insurance. From learning all the reasons it protects you, your family and your car…to choosing the right insurance company…to deciding what coverage options are right for you.

Certain basic coverage is mandatory in most states, but insurance companies offer options to extend protection beyond the legal minimum levels.

Types of Coverage: Insurers offer the following types of auto insurance:

Type of Insurance	Items or events covered
Liability	Injuries to others and damage to their property
Medical Payments	Medical and/or funeral expenses incurred because of an auto accident, regardless of who is at fault
Uninsured and  Underinsured Motorist	Expenses (liability and/or physical damage) incurred when the insured is the victim of an accident involving an uninsured vehicle, or a vehicle that has insufficient coverage
Physical Damage	Damage to the insured vehicle from an accident (collision) or causes such as theft, fire, or vandalism (comprehensive)

Duncan Financial Group will review your auto policies at least annually to determine if you are adequately insured.  Other options are often available as endorsements or "add-ons," such as coverage for glass breakage, temporary replacement vehicles, and towing expenses. 

Homeowners Insurance

Protecting one's home...it's been a basic survival instinct since cave man days. But today, we use a more civilized form of protection: instead of spears and rocks, we protect our homes and belongings with insurance.  And since the "one cave fits all" approach is now extinct, our homeowners products also vary depending on the type of home in which you dwell. 

Today's homeowners insurance has many features that allow you to custom design a policy that's right for you.  The traditional homeowners program offers protection for your home's structures, your personal property, as well as liability safeguards in case you are sued. 

Don’t forget if you own a condo or rent, your personal property may not be covered. 

Life Insurance

A range of policies is available to help you prepare for life's contingencies, whether your needs involve mortgage protection, coverage for dependents as your family expands, or college funding.

• Term Insurance, as the name implies, serves temporary purposes when your need is for a specific period of time, such as 5, 10, or 20 years; until you reach a certain age; or until your children reach a certain age.  At the end of the specified time, the policy expires.  Term insurance premiums are generally less than permanent insurance premiums for individuals who are in the 20 to 50 age range.  Term insurance usually can be converted into a permanent policy at a future date. 

• Universal Life Insurance provides the owner with flexible life insurance protection, plus a savings component in an interest-bearing, tax-deferred account.  The policyholder has the ability to adjust the premium amounts and death benefit amounts of the policy.  Here are the basic benefits:

• Life insurance coverage that does not expire. (Permanent Life Insurance)

• Flexibility to modify or skip life insurance premium payments (as long as there is sufficient cash value to cover the cost). 

• Flexibility to select protection (death benefit) amount. 

• Tax-deferral on earnings. 

• Guaranteed minimum interest rate. Guarantees are based on the claims paying ability of the issuing company.

• Survivorship Universal Life Insurance covers two individuals on one policy, paying a death benefit upon the second death, when estate taxes are due.  The policy can be designed so that the heirs pay no income, gift or estate taxes on the proceeds.  They can use the money to pay most or all of the estate taxes and settlement costs, thus avoiding more expensive alternatives, such as paying cash, borrowing or liquidating assets.

Long-Term Care Insurance

Needing long-term health care is not rare. It is virtually guaranteed.

Nearly one out of two persons age 65 and older will probably spend some time in a nursing home, which costs on average $30,000 annually across the United States and in major metropolitan areas the average escalates to $60,000 and as much as $100,000 per year.  With an average nursing home stay of 19 months, seniors living in major metropolitan areas may spend more than $100,000 on long-term care in addition to medical bills and prescriptions.

As a result of disability or a prolonged illness, long-term care is the assistance provided when a person is unable to provide for himself or herself.  Many seniors receive this care in nursing homes, but more effective and less expensive care at home and at adult day-care centers are growing in popularity, because it is less expensive and still provides the security of a longstanding home. 

Long-Term Care Insurance policies pay the cost of the day-in, day-out care for a person with an acute or long-term illness or disability.  Without Long-Term Care Insurance, you pay nursing home bills from your cash and your assets, your family’s assets and for those without assets it is paid by Medicare programs administered by state government.  Somewhat less than half are paid by state Medicare programs.  Medicare supplemental coverage and health insurance provided by employers, does not pay for most long-term care expenses.

Understanding what a policy means and comparing the policies of different companies require an understanding of the jargon of the insurance business and a familiarity with important key terms in the health field as well as the Medicare regulations. That is where Duncan Financial Group comes in.  As an independent agency, we have the freedom to find the appropriate policy for you form a variety of insurance companies.  Our Long-Term Care Specialist can explain terms such as; skilled nursing care, intermediate care, and custodial care.  He will assist you in considering eligibility factors, elimination periods, inflation protection, benefit limits, waiver of premium, and death benefits. 

At Duncan Financial Group, is our responsibility to stay current with the insurance products, medical services, and Medicare laws in order to assist you in making sound decisions when considering Long-Term Care Insurance.

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