by admin_ng3149khjh | Feb 4, 2018 | financial advisors
Plan for Retirement with PBI Financial Group
The Financial Advisors at PBI Financial Group offer a full menu of investment services. When you are young, you may not put retirement planning near the top of your list of priorities. PBI can show you how to work smarter so you can have a secure retirement. You need the best financial advice, and it must truly be unbiased. It is never too early to speak to an advisor about planning for your retirement, planning for your child’s future college tuition, or getting help selecting the best stock portfolio that get you the returns you are looking for.
PBI Insurance offers personal and group financial planning and investment services through the PBI Financial Group. The PBI financial advisor representatives are licensed and certified, and are very knowledgeable about the products and services they offer. We pursue and professional development to maintain the skills and credentials necessary to provide our clients with the best service. Our staff is fully committed to our clients. PBI Financial Group is goal-oriented and is as serious about your financial future as you are. Our personal approach results in enduring and long lasting relationships. We only make recommendations to clients that we would accept for ourselves. We arrange unsolicited personal portfolio reviews on an ongoing basis. We are readily available and responsive to our clients. Your call is always greeted by one of our professional and courteous staff members. We provide excellent follow-up service as well.
Our Investment Professionals provide:
· Financial Planning and Brokerage
· Investment Advice and Strategies
· Investment Selection
· Financial Counseling
· Retirement Plans
· College Planning
It would be helpful to think about where you stand right now, and your expectations for your future. You should also be prepared to talk frankly about the level of risk you are willing to take to meet your goals. Your financial advisors will help you formulate a plan and stand by you while you pursue your goals. At PBI, all your financial needs are under one roof. Learn more at our PBI Financial Group website. Come in to our West Hartford office to see what we can do for your future. Call us today: 860-233-1171.
by admin_ng3149khjh | Jan 21, 2018 | long term care insurance
The High Cost of Long Term Care
Many people are confused about long term care, what it is, and what is covered by insurance. A sad fact in America is the high cost of nursing and custodial care. When a loved one must spend time in a skilled nursing facility, or opts for in-home custodial care, the cost of care is grossly underestimated. Long term care planning awareness in early adulthood can help families prepare for the inevitable. Many assumptions are made about long term care, what it means, and how to pay for it. Long-term care services include help with everyday tasks, “custodial” care, or “activities of daily living”. Whether the custodial care is needed for a short term recuperative period or for terminal conditions such as Alzheimer’s Disease, you need the advice of a professional so you can prepare. The PBI Staff are experts in all aspects of Medical Insurance and Medicare Benefits and we can assist you with your questions about Long-Term Care Insurance.
A 2016 poll conducted by the The AP-NORC Center for Public Affairs Research at the University of Chicago explored long term care planning. Apparently the majority of Americans age 40 and older lack confidence that they will be able to pay for long-term care, and few expect their current insurance to cover the costs of ongoing living assistance. Instead, many older adults expect to turn to Medicare or Social Security to support their care as they age, although these programs generally do not cover most long-term care services or costs. Additionally, support is high for policies that help Americans save for long-term care and for those that defray the costs of caregiving.
Custodial services are not covered by health insurance or Medicare. While Medicaid provides long-term services to those with chronic disabling conditions, it is only available for individuals who meet income and other eligibility requirements. Paying for custodial care services out-of-pocket is out of reach for the average person. According to the HHS Office of the Assistant Secretary for Planning and Evaluation Office of Disability, “While most people with LTSS needs will spend relatively little on their care, about one in six (17%) will spend at least $100,000 out-of-pocket for future LTSS.” In fact, in Connecticut, the 2017 average monthly cost for home care is $4,000 and residing in a nursing facility (semi-private room) is more than $7,000. (source: https://www.genworth.com/about-us/industry-expertise/cost-of-care.html).
The senior population is expected to nearly double by 2040. The majority of these seniors will require some form of long-term care – help with activities such as cooking, bathing, or remembering to take medicine – that can be provided in a home or institutional setting. How to finance the provision of high-quality services so that the costs are manageable for families and governments will remain a primary challenge. You may have a loved one who is in need of long-term care, now or in the near future. Talk to the experts at PBI Insurance and get your questions answered at 860-233-1171.
by admin_ng3149khjh | Dec 24, 2017 | Uncategorized
Financial Planning Services in Greater Hartford
PBI Insurance is your source for top notch financial planning services in the greater Hartford area. At the close of 2017, are you satisfied that you saved enough money for your retirement? At Tax time we all wonder where our money went – and why we were unable to save enough for the retirement fund. It certainly is not too late to take the bull by the horns and get the Financial Planning advice you need. Today is the best time to take steps toward improving your financial future. It is never too soon to seek out a professional to maximize one’s options when planning your investments and assessing future income. There are many reasons to seek financial counseling. For the college graduate just starting to get a career on track, getting a handle on student loan debt and preparing for retirement cannot start soon enough. For the middle aged couple wondering whether to relocate their home or downsize their living space in preparation for retirement living, major life decisions require a plan.
PBI Financial Group provides comprehensive retirement and financial planning services. We provide the individual and business investor counseling on investment strategies and retirement planning. The professional staff at PBI Financial offers our clients periodic portfolio reviews and follow-up. We at PBI invite you to consult with our knowledgeable agents in our centrally located West Hartford office. Our service area encompasses the entire state of Connecticut. Our satellite office is conveniently located on Main Street in Hamden for clients located in the greater New Haven region. Call 860-233-1171 today.
by admin_ng3149khjh | Dec 6, 2017 | long term care insurance
For Long-Term Care Insurance Options Call PBI
The PBI Insurance team would like to talk with you about Long Term Care Insurance. PBI Insurance is Connecticut company that provides individuals and businesses with insurance and financial planning resources. Many people have never heard of long term care insurance – and what you don’t know can lead to potential financial ruin for yourself or a loved one. We believe it is important to open a dialog about long-term care with your spouse and your family.
Long-term care describes a person’s medical needs and non-medical personal care. Care can be provided from a number of different sources, from friends and family members to paid home assistance to nursing facilities. Suppose your parent has a debilitating condition, such as dementia, ALS, or a medical condition from which he is not expected to recover. Medical services are entirely separate from non-medical services. Non-medical services include meal preparation and feeding, bathing, reminders to take prescribed medications on schedule, bathroom assistance, and other “custodial” care.
Most Long term care in the U.S. occurs in the home, not in a nursing facility. Opening up a dialog about your long-term care options with a trusted insurance agency is the first step. It is important to understand what your financial burden will be with the options before you, and how to qualify for and receive benefits with which to pay for needed services. A 2013 Public Opinion Strategies poll found that 65% or Americans surveyed have made no long-term care plans at all. According to the U.S. Department of Health and Human Services, 70% of those over 65 will need some sort of long-term care during their lifetimes.
One of the greatest potential risks faced by America’s elderly is the need for long-term care. Long-term care insurance transfers a portion of the risk of long-term care expenses to an insurance company helping to protect you and your family from potentially devastating expenses. Medicare and Medicaid are federal programs that pay for portions of medical or non-medical care. Medicaid is the payor of last resort for those with no assets. There are strict financial eligibility requirements associated with Medicaid hat vary from one state to another. Medicaid planning can be complex and challenging, and we strongly advise you consult a professional who can work through the eligibility requirements with you. Private long term care insurance is an option open to those who are able to afford it. There are many types of long term care insurance with a wide variety of benefits. Veterans Administration Benefits also provide a home care/assisted living benefit, usually available to veterans and their spouses. Again, you must meet certain criteria to qualify for VA benefits.
When it comes to end of life care, what you don’t know can devastate you financially. At PBI Insurance, we will be happy to meet with you to talk about your options for long-term care. We have offices in West Hartford and Hamden for your convenience. We are PBI, and we are in the business of insuring your future. Call 860-233-1171 today.
by admin_ng3149khjh | Nov 12, 2017 | long term care insurance
Call PBI for Long-Term Care Insurance Options
Why does one need Long Term Care Insurance? We are PBI, and we are in the business of insuring your future. PBI Insurance is Connecticut company that provides individuals and businesses with insurance and financial planning resources. Many people have never heard of long term care insurance – and what you don’t know can lead to potential financial ruin for yourself or a loved one. We believe it is important to open a dialog about long-term care with your spouse and your family.
Long-term care describes a person’s medical needs and non-medical personal care. Care can be provided from a number of different sources, from friends and family members to paid home assistance to nursing facilities. Suppose your parent has a debilitating condition, such as dementia, ALS, or a medical condition from which he is not expected to recover. Medical services are entirely separate from non-medical services. Non-medical services include meal preparation and feeding, bathing, reminders to take prescribed medications on schedule, bathroom assistance, and other “custodial” care.
Most Long term care in the U.S. occurs in the home, not in a nursing facility. Opening up a dialog about your long-term care options with a trusted insurance agency is the first step. It is important to understand what your financial burden will be with the options before you, and how to qualify for and receive benefits with which to pay for needed services. A 2013 Public Opinion Strategies poll found that 65% or Americans surveyed have made no long-term care plans at all. According to the U.S. Department of Health and Human Services, 70% of those over 65 will need some sort of long-term care during their lifetimes.
One of the greatest potential risks faced by America’s elderly is the need for long-term care. Long-term care insurance transfers a portion of the risk of long-term care expenses to an insurance company helping to protect you and your family from potentially devastating expenses. Medicare and Medicaid are federal programs that pay for portions of medical or non-medical care. Medicaid is the payor of last resort for those with no assets. There are strict financial eligibility requirements associated with Medicaid that vary from one state to another. Medicaid planning can be complex and challenging, and we strongly advise you consult a professional who can work through the eligibility requirements with you. Private long term care insurance is an option open to those who are able to afford it. There are many types of long term care insurance with a wide variety of benefits. Veterans Administration Benefits also provide a home care/assisted living benefit, usually available to veterans and their spouses. Again, you must meet certain criteria to qualify for VA benefits.
When it comes to end of life care, what you don’t know can devastate you financially. At PBI Insurance, we will be happy to meet with you to talk about your options for long-term care. We have offices in West Hartford and Hamden for your convenience.
