Protecting and planning for you and your family is not an important thing. It is everything.




Life Insurance

Life insurance is important, as it protects your family or business and lets you leave them a non-taxable amount at the time of death. It is also used to cover your mortgage and your personal loans or business loans.

What are the different types of life insurance?

When it comes down to it, there are essentially two kinds of policies: term life insurance and permanent life insurance and within those categories are other options. 

Term life insurance

Universal life insurance

Indexed universal life insurance

Variable life insurance

Variable universal life insurance

Final expense insurance

Variable life insurance

How do you know which is right for you?  How do you know if you should have it?

Disability Insurance: Why You Need It

Your most valuable asset isn’t your house, car or retirement account. It is the ability to make a living.
Disability insurance pays a portion of your income if you cannot work for an extended period because of an illness or injury.

The chance of missing months or years of work because of an injury or illness may seem remote, especially if you are young and healthy and you work at a desk.
But more than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67, according to the Social Security Administration.
One reason people shrug off the risk is they think about worst-case scenarios, such as spinal cord injuries leading to quadriplegia or horrific accidents that result in amputation. But back injuries, cancer, heart attacks, diabetes and other illnesses lead to most disability claims.

Types of disability insurance
There are two main types of disability insurance — short-term and long-term coverage. Both replace a portion of your monthly base salary up to a cap, such as $10,000, during disability. Some long-term policies pay for additional services, such as training to return to the workforce.

Short Term vs. Long-TermS

Short-term disability insurance Long-term disability insurance
Typically replaces 60% to 70% of base salary Typically replaces 40% to 60% of base salary
Pays out for a few months to one year, depending on the policy Benefits end when the disability ends. If the disability continues, benefits end after a certain number of years or at retirement age.
May have a short waiting period, such as two weeks, after you become disabled and before benefits are paid A common waiting period is 90 days after disability before benefits are paid

Disability policies vary in how they define “disabled.” Some policies pay out only if you cannot work any job for which you are qualified. Others pay out if you cannot perform a job in your occupation. Some policies cover partial disability, which means they pay a portion of the benefit if you can work part time. Others pay only if you cannot work at all. 

Heartfelt Financial Solutions, LLC is a non-government resource. Heartfelt Financial Solutions, LLC is not associated with or endorsed by Medicare (, the Centers for Medicare & Medicaid Services (CMS), the Department of Health and Human Services (DHHS) or any government agency.


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Investment advisory services offered through Horter Investment Management, LLC, a SEC-Registered Investment Advisor. Horter Investment Management does not provide legal or tax advice. Investment Advisor Representatives of Horter Investment Management may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and annuity products are sold separately through AVP & Crump. Securities transactions for Horter Investment Management clients are placed through AXOS Advisor Services, TD Ameritrade and Nationwide Advisory Solutions.

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