Disability Insurance

Individuals purchase disability insurance for financial protection in case of illness or injury that prevents them from working. It provides a replacement income, safeguarding their standard of livings and covering essential expenses.

Businesses purchase disability insurance to protect against financial loss if a key employee becomes disabled and unable to work. This helps maintain business operations and productivity.

Aside from income replacement coverage, businesses can also secure Business Overhead coverage and Disability Buy Out coverage.

Life Insurance

CFS is a leading agency for life insurance. We service millions of premium dollars for individuals, businesses and trusts.

Individuals purchase life insurance for financial security for loved ones after their death. It covers funeral costs, debts and the lost income. Thus, insuring the family’s financial stability. It is a vehicle that provides estate liquidity.

Businesses purchase life insurance for several reasons:

Business Continuity: protects against financial loss if a key employee or owner dies, ensuring financial resources so the business can survive.

Debt Repayment: Life insurance can pay off business debts, such as loans if the owner dies.

Buy-Sell Agreements: Funds the purchase of a deceased owner’s shares, ensuring a smooth transition of ownership.

Employee Benefits: Attracts and retains top talent by offering life insurance as an employee benefit with both death benefit protection while working as well as potential income benefits during retirement.

Trusts buy life insurance:

Estate Tax planning: Life insurance proceeds paid to a trust may be excluded from the insured’s states, reducing estate taxes.

Asset Protection: trust can protect assets from creditors and lawsuits

Beneficiary protection: Funds can be held in trust for beneficiaries who may not be able to manage large sums of money.

Charitable Giving: Life insurance held in a trust can produce a tax-efficient way to make charitable donations.Website Design

Health Insurance

Individuals are able to secure health insurance in a number of ways.

Employer sponsored Insurance: Offered through your workplace, Typically, you and your employer contribute to the cost.

Health Insurance Marketplace (Affordable Care Act): Government-run marketplace. Some may qualify for subsidies based on income. Open enrollment periods and special enrollment periods exist.

Medicaid: Government funded program for low-income individuals and families.

Medicare: Government funded program for people 65 and older or those with disabilities.

Direct Purchase: Health insurance purchased directly from an insurance company.