Term life insurance guarantees coverage for a specified period of time, but only offers a payout if you die during the term coverage.  Unlike whole life insurance, there is no additional savings payout.  However, term life insurance is usually the most affordable option, and a great option for younger people.

Universal life insurance offers lifelong coverage and wanted flexibility when paying premiums. In addition, with universal life insurance, you have great opportunity to build cash value and will receive death benefits.

Whole life insurance policies never expire and grow at a guaranteed rate. In addition to the death benefit that is paid out, there is also a savings payout which can accumulate value over time.  The savings component can also be invested or accessed by the policyholder during their life. 

Regular health insurance typically doesn't cover long-term care, which includes long-term nursing home stays, home healthcare, skilled nursing, and custodian care.  With annual costs of long-term care averaging close to $60,000 a year, having long-term care coverage is crucial for both protecting your savings, and giving you better options for care.

When you are disabled and no longer able to work, the income lost can cause a huge toll on your finances.  Fortunately, disability insurance provides you with a portion of the income lost.  At Andrew F. McClintock Associates, we're here to help you find disability insurance that provides you with optimal coverage. 

While life insurance deals with mortality risk, and is paid out as a lump sum upon the policy holder's death, annuity plans deal are set up to provide a steady income, usually in addition to a 401(k).  Annuity plans can either be paid as a lump sum when purchased, or overtime, similar to an insurance policy.