Insurance

Protect Yourself

Has your insurance kept up with the changes in your life? If you’re like most people, you probably already own some life insurance… through your employer or insurance you’ve purchased on your own. But is it enough to cover all your needs? How much insurance do you need anyway? Have you even looked at all the policies together to see how much you have and how the policies will (or won’t) work together?

Have you thought about Long Term Care Insurance and Disability Insurance to cover you in case you’re sick or hurt and can’t work?

Don’t be overwhelmed and think it’s all gloom and doom. It just takes a few minutes to uncover if you and those you love have enough protection. A Financial Advisor at NEFCU Financial Group, available through CUSO Financial Services L.P. can help. Consider the following help to ensure your family is protected:

Graphic of a piggy bank being sheltered by an umbrella

Personal

  • Death before mortgage/loan repayments can be finished
  • Spouse outliving a “life-only” pension plan
  • Death before reaching personal goals (pay off the mortgage, get kids through school etc)
  • Disability Insurance if you cannot work, or return to work quickly after an accident
  • Long Term Care Insurance to maintain financial independence in your golden years

graphic icon of a family

Family

  • Death of a primary income earner, or full time child care provider
  • Final expenses
  • Income to support the kids
  • Income to provide for educational needs
  • Ability to financially support aging parents
  • Estate planning –using insurance to transfer/preserve wealth

Graphic of an insurance policy document

Business

  • Death of a partner or
    co-shareholder
  • Death of a key employee
  • Loss of a key employee to a competitor
  • Liquidity of the business in the event of an owner’s death
  • Special situations (e.g. stock repurchases, fund retirement benefits)

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. New England Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.