Risk management is a vital part of a financial plan because it can ensure your wealth will be protected under all circumstances, expected and unexpected. At Frye Financial Center, we will provide a thorough review to ensure there are no gaps in your risk containment planning. Our risk management team will evaluate the soundness of your protective planning vehicles, such as umbrella coverage, long-term care coverage, life coverage and medical coverage to be sure the unexpected does not sabotage your family’s future financial security.

Life Insurance & Annuities

At Frye Financial Center we can review your current policies to determine if they are up to date and whether they are properly structured to cover obligations such as mortgage debt, college expenses, family income and liquidity for future estate tax liabilities. A thorough needs analysis will be used to help determine the proper coverage for you.

Annuities have changed dramatically over the last 10 years. Do you own any annuity contracts? If so, when was the last time you had your annuities reviewed?

Like all of your investments, life insurance and annuities should be reviewed on a periodic basis to determine if they are meeting your current and future financial needs.

Long Term Care Insurance

We show clients how crucial this protective vehicle is in the preservation of their own as well as their parents’ assets and advise them as to the many different types of LTC care now available.

While we don’t want to ever think about ourselves or a loved one needing long-term care it is a reality that, if not faced now, could cause emotional and financial devastation in the future. Consider this when developing your long-term care plan;

• Medicare pays only about 9% of home health and nursing home care in the United States.
• Medicare can approve up to 100 days in a nursing home. They will pay-in-full the cost for the first 20 days. From days 21-100, the recipient begins to pay, out of pocket, $105 a day.
• After 100 days, Medicare stops paying and you pick up 100% of the cost.

*www.medicare.gov/basics/amounts.asp

You should seriously CONSIDER buying Long Term Care Insurance for yourself or for your parents if…

• You want to protect your or your parents income or assets
• You wish to have flexibility in selecting yours or their future care options

Disability Insurance

If you’re like most people, your ability to get up each day and earn an income is one of your most valuable assets. Furthermore, your chances of becoming disabled at some time during your working career are probably higher than you would expect. Disability insurance can replace a portion of your income when you are unable to work due to injury or illness.

There are two major types of disability coverage: Short-term disability and Long-term disability. Short-term disability provides an income for the early part of a disability, usually for two weeks up to two years. Long-term disability helps replace income for an extended period of time.

If you are a successful business owner, you do your best to make sure nothing gets in the way of your continued success. For this reason, you need disability insurance that will help protect your business and/or your family if you become sick or hurt and can’t work. Such a policy helps pay your rent, utilities, employee wages, maintenance services, and other overhead expenses.

Group Health Insurance

The health insurance agency we work with is a top producer and “preferred broker” with most of the major providers and in most cases, can offer substantially discounted rates, that other agents can not. The level of servicing they provide in terms of enrollment meetings, regular health fairs and claims follow-up is unsurpassed. You will be very surprised to see how much you can save your company and how much improvement in the support and servicing of your health plan you can achieve.

Business Protection Planning

• Key Person Insurance
• Partners Insurance

Insurance can play a crucial role in effective small business/corporate planning. Small business can benefit greatly and achieve insulation from uncertainty through the use of key person and partners insurance.