Whether you call it estate planning or legacy planning, transferring wealth from estate to beneficiary is often far from simple. Just dealing with the probate process alone can take months, sometimes years. Many legacy, or estate, plans will therefore rely on trusts to avoid the probate process altogether.  ​

Thrive for Family has strategies that can be living benefits to your advantage, while maximizing what you can leave for your family.   

Funeral or final expense insurance, is a type of whole life insurance policy designed to cover your funeral, burial, and other end-of-life expenses. Given the high cost of funerals, having a final expense insurance policy can help relieve any costs your loved ones face due to your passing. There are generally three types of burial insurance: simplified issue, guaranteed issue, and pre-need insurance. 

You simply choose the amount of coverage you want and determine who will be the beneficiary upon your death. The beneficiary should contact the insurance company to begin the claims process as soon as possible following the death of the insured. The beneficiary may be required to provide identification along with a claims form, as well as a certified copy of the death certificate.

It might be hard to imagine now, but chances are you’ll need some help taking care of yourself later in life. The big question is: How will you pay for it?

Buying long-term care insurance is one way to prepare. Long-term care refers to a host of services that aren’t covered by regular health insurance. This includes assistance with routine daily activities, like bathing, dressing or getting in and out of bed.

A long-term care insurance policy can also help cover the costs of that care when you have a chronic medical condition, a disability or a disorder such as Alzheimer’s disease. Most policies will reimburse you for care given in a variety of places, such as:

• Your home

• A nursing home

• An assisted living facility

• An adult day care center

• Rehabilitation facility

Life, Accident, and Health Insurance are types of insurance that provide financial coverage in the event of death, injury, or illness. Life insurance provides a lump sum payment to beneficiaries upon the death of the policyholder, while accident insurance provides coverage for specific types of accidents such as accidental death or dismemberment. Health insurance provides financial coverage for medical expenses incurred as a result of an illness or injury. These services are provided by insurance companies, and individuals can choose policies that fit their specific needs and budget. The goal of these types of insurance is to provide financial security and peace of mind to policyholders and their families in the event of a life-changing event. Thrive for Family has partnered with Ethos for individualized life insurance quotes utilizing technology to make quoting highly efficient and can be done in 10 minutes. A representative of Thrive for Family will help you through the process.

There are numerous choices for supplemental Medicare Insurance plans. Most include such features as:

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• Dental

• Vision

• Health club memberships

• Gap coverage

• Telehealth services

• Mail order pharmacy

• Insulin savings

Thrive for Family has partnered with several providers and will help you select the best plan for you.

Medicare is the federal health insurance program for:

• People who are 65 or older

• Certain younger people with disabilities

• People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)

What are the parts of Medicare?

The different parts of Medicare help cover specific services:

• Medicare Part A (Hospital Insurance)
  Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.

• Medicare Part B (Medical Insurance)
  Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services.

• Medicare Part D (prescription drug coverage)
  Helps cover the cost of prescription drugs (including many recommended shots or vaccines).