Risk Management and Insurance Planning
Bloomfield Investment Group understands that risk management and insurance planning are a significant component of a successful financial plan. Participating in an insurance plan can help to protect your dependents and business interests from financial hardship and give you peace of mind during an unforeseen catastrophe. Through the use of life, disability, and long term care insurance, we can help mitigate risk when an uncontrollable event takes place. As a client of Bloomfield Investment Group, you have access to:
- Life Insurance
- Long Term Care
- Disability Insurance
- Analysis of Medicare Coverage
The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.