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Insurance Services | Sterling Financial Partners

Insurance Services

Insurance Services

Ensuring that your loved ones are well cared for after you’re gone is a priority, especially for those who have accumulated wealth over the years and want to be sure it is passed on to the next generation in an effective and efficient manner.  At Sterling Financial Partners, we work closely with our clients to find insurance policies that will best serve them and their families. We have extensive expertise in life insurance planning that can help with charitable giving, business succession and estate planning.

As part of our commitment to clients, Sterling Financial Partners works to ensure that all of our clients’ insurance needs are met. We serve as relationship managers, connecting you to the top experts in a variety of other insurance, tax and legal specialties.

Life Insurance

Sterling Financial Partners clients have access to many forms of life insurance, including:

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance.

Since there are many choices and strategies for Life Insurance as part of a coordinated financial plan, we recommend a complimentary life insurance needs analysis.

After your complimentary analysis, we will make appropriate recommendations for your specific situation.

Fixed Annuities

Fixed Annuities offer clients a fixed guaranteed return and provide for the potential for higher returns based on the interest crediting method. Multi-year guaranteed annuities offer clients a fixed interest rate for a multiple period of years.

Traditional fixed annuities offer clients a guaranteed first year rate of return, a guaranteed minimum rate of return, and a renewal rate each year depending on interest rates.

Annuities are a part of a solid retirement plan to provide lifetime income that not only accounts for traditional life expectancy, but beyond.  Lifetime income components are necessary in order to ensure a retiree’s assets stand the test of longevity.

Disability Insurance

Disability insurance pays benefits when the insured is unable to earn a living due to sickness or injury. Like all insurances, disability income insurance is designed to protect against financial disaster.

Most disability policies pay a benefit that replaces some part of the insureds earned income when they are unable to work. The chances of being disabled for longer than three months are far greater than the chances of premature death.

Life expectancy is greater today, because medicine has made many illnesses and injuries less life threatening. This is good news, but it does increase the need to protect your income with disability insurance.

Long Term Care Insurance

Long-term care insurance (LTCI) is a contractual arrangement that pays a selected dollar amount per day for a selected period of time for skilled, intermediate or custodial care in nursing homes and/or home health care.

Because Medicare and other forms of health insurance do not pay for custodial care, many residents of nursing homes have only three alternatives for paying their nursing home bills: their own assets, Medicaid and long-term care insurance.

Long-term care refers to a range of medical and personal services that provide ongoing care for people with chronic disabilities who have lost the ability to live independently.

The risk of contracting a debilitating illness (and the resulting medical bill) is usually one type of risk best assigned to an insurance company through the purchase of a long-term care insurance policy, a life insurance policy with a long-term care rider, or a hybrid life and long-term care insurance policy.

Our Underwriting Process
Every application for life insurance must go through a vigorous underwriting process.  The entire underwriting process typically takes from three to twelve weeks to complete, beginning with the signing of our proprietary Preliminary Questionnaire and HIPAA Authorization.  Our unique preliminary underwriting process allows us to pre-qualify client underwriting offers from insurance companies, ensuring the best possible offers from several insurance companies.  To achieve timely and efficient results, we need clients to understand and be responsive to the underwriting process below.

We understand that undergoing the insurance medical underwriting process can feel a bit intrusive.  It is why we treat our clients like family, making sure their experience is painless and efficient.  Certain clients that meet our VIP qualifications will qualify for our PURE underwriting program where there is an added layer of protection within the life insurance medical exam process.

Client Advocacy

When purchasing life insurance or negotiating a life settlement, our clients are most interested in obtaining the best pricing available based on their needs. Sterling Financial Partners through our Partnership with ValMark Securities and Executive Insurance Agency has unique client advocacy programs –– backed by one of the strongest underwriting and life settlement teams in the industry to assist our clients in obtaining the best possible results from a broad selection of highly rated insurance companies.