Trust the financial planners at PBI Insurance to map out your retirement goals. It is important to know what resources you will have after you retire. Serving the greater Hartford CT area for decades, PBI’s investment professionals can help clarify your retirement goals. If it has been a while since you have reviewed your retirement assets, or if your family structure has changed recently, give us a call. What does your money mean to you? Safety, freedom, peace of mind? These are the emotions that come from having a sound financial plan.
Our investment professionals provide:
· Financial Planning and Brokerage
· Investment Advice and Strategies
· Investment Selection
· Financial Counseling
· Retirement Plans
· College Planning
When you are nearing your retirement years, you may seek the advice of an experienced financial planner that can explain the risks and benefits of your existing IRAS, 401Ks and stocks. If you are interested in working with a financial planner, the most important thing is to find someone you trust. At PBI we have the experience and offer financial planning services that help you take the stress out of managing your wealth. Our goal is to eliminate concern so that you can feel confident with the decisions that you are making. With a little bit of effort upfront you can put your finances on auto-pilot until your next big life event gives you a reason to revisit your financial plan. Please call PBI Insurance for more financial planning information: 860-233-1171.
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When you want to work with trusted financial planning advisors in Hartford CT, choose PBI Insurance. If it has been a while since you have reviewed your retirement assets, or if your family structure has changed recently, give us a call. What does your money mean to you? Safety, freedom, peace of mind? These are the emotions that come from having a sound financial plan. When you are nearing your retirement years, you may seek the advice of an experienced financial planner that can explain the risks and benefits of your existing IRAS, 401Ks and stocks. If you are interested in working with a financial planner, the most important thing is to find someone you trust. At PBI we have the experience and offer financial planning services that help you take the stress out of managing your wealth. Our goal is to eliminate concern so that you can feel confident with the decisions that you are making. With a little bit of effort upfront you can put your finances on auto-pilot until your next big life event gives you a reason to revisit your financial plan. Please call PBI Insurance for more financial planning information: 860-233-1171.
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Connecticut Employee Benefits.
PBI Insurance provides employee plans for small business in the greater Hartford CT area. As small business group benefits specialists, we offer a full range of plans. Our staff provides personalized service to businesses all over the state. Whether you have 50 employees or 5,000, the expert staff at PBI work with you to select an appropriate benefits plan. We stay with you to adjust your employee packages as your business grows. We offer the best terms and rates for group and individual medical and dental, short and long-term disability, group life and AD&D, retirement plans, and medicare products.
In addition to our excellent employee plans, we assist clients with value-added services including:
• Rectifying Claims Disputes
• Reconciling Billing Problems
• Conducting Enrollment Meetings
• Processing Enrollments/Terminations
• Updates on Industry Changes
• Premium Contribution Strategies
When you partner with PBI for your employee benefits you have friendly knowledgeable experts on your team. Having PBI Insurance on board will ensure that all of your benefits packages are being managed expertly. We take care of your employees, so that you can focus on success. For your convenience, we have offices in Hamden and West Hartford CT. Please call PBI Insurance for more employee benefit information. West Hartford: 860-233-1171 and Hamden: 203-230-0548.
Long Term Care Planning
Cost of Long Term Care
Until we are faced with adversity, do not underestimate the importance of long term care planning and the high cost of care. A 2016 poll conducted by the The Associated Press-NORC Center for Public Affairs Research at the University of Chicago explored long term care planning. The results show that average Americans lack awareness of the typical costs of long term care. Americans Age 40 and older are not well informed about the impact that long-term care will have on their personal resources. Moreover, there is an across the board misconception of financial assistance available for such care. Until you or a loved one becomes disabled and will require assistance with day-to-day personal care, it is easy to assume Medicare is going to foot the bill. At PBI Insurance, our staff is well-versed in health insurance and long term care insurance.
The Importance of Long term Care Planning
Most adults in America are unaware of the importance of long term care planning. 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 post-surgical recuperative period or for terminal conditions such as Alzheimer’s Disease or ALS, 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.
According to the poll, the majority of Americans age 40 and older continue to 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).
By 2040, it is expected that the senior population is expected to nearly double. 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. Call 860-233-1171 today.
PBI Insurance has some of the most experienced financial advisors serving greater Hartford CT. When you approach retirement age, you enter a new realm of financial planning options. While you are in your fifty’s retirement years seem so far away. The fun begins when you are months away from Medicare enrollment. If you do not have sound financial advice, you could make a mistake that could jeopardize your standard of living in retirement. When it comes to the subject of financial planning, the expert advisors at PBI have services that may benefit your future. You may find that restructuring your retirement plans might benefit future retirement income.
When you are ready to delve into the fitness of your retirement plan, consult with PBI. The financial advisors at PBI offer a variety of financial services that will ensure you have a rosy financial future in your retirement years. A catastrophic illness or nursing home care could wipe out your nestegg in a short time. PBI will give you the information you need to prepare for long-term care. So whether you’re looking to have an income that you cannot outlive, bring together wealth or provide a legacy for those you love, we provide a variety of services and products that can help you achieve your financial goals.
Everyone’s dreams, needs and financial situations are different. We completely understand that each client will have a different financial situation with specific goals and objectives for the future. In order to better meet each client’s individual needs, we take a personalized approach to service. We always provide outstanding service to our clients, we are very dedicated to doing everything correct and making it easy for you.
Since 1985, PBI has built a business and a reputation by always doing the right thing for our clients and providing a personalized level of customer service. PBI is family-owned and serves businesses and individuals from every corner of the state. At PBI, we are known for our outstanding reputation. We bring our integrity, experience, accountability, and accessibility to the fore with every individual and business client. At PBI, we pledge to bring added value services to the table. We have offices in Hartford and New Haven Connecticut, or one of our agents will be glad to discuss your options at a place of your choice. When you are ready to delve into the fitness of your retirement plan, consult with the advisors of PBI about your financial future. Call 860-233-1171 today for a consultation.