Insurance is a vehicle allowing individuals and businesses to transfer risk from themselves to a larger pool that can absorb a significant loss. If an individual or business self-insures and a loss occur, it can cause catastrophic damage to that individual’s reserve funds.
Their ability to continue the business or the lifestyle they once knew may be in danger. If a business or individual has no coverage, then any loss is completely absorbed. This loss could have dire consequences as the business or individual needs to secure funds to pay for the loss. Insurance allows an individual or business to transfer risk to an insurance company, thus paying a smaller portion, called the premium, that is much more manageable within their current financial situation. By paying the premium, the insured will hedge against losses that may occur due to accident, sickness or death. The death benefit replaces the earning potential of the insured and allows the business or family to continue with no interruptions. Insurance comes in many forms but may not apply to your specific circumstances.
Having options for life, disability, long-term care or health insurance can mean the difference between making it through and having no options. Your specific situation may require some or all of this coverage. It may need none. Unfortunately, we do not have a crystal ball to tell us what is around the corner. These plans are designed for assurance to be made whole again in the event that you suffer a loss. Having options makes all the difference and helps us prepare for the future.
Gleason Tax Advisory Offers:
protects against unforeseen losses for those things that you have worked so hard to maintain.
Gleason Tax Advisory guides individuals through the New York State of Health Marketplace and assists small businesses with obtaining group coverage health insurance through the SHOP Exchange.
is your most important asset is not your home, your car, your jewelry or other possessions. It is your ability to earn a living.
- Bruce Gleason: Broker License – NYS Life Insurance