A blog to help you prepare for life's unexpected
A blog to help you prepare for life's unexpected
Welcome to the first official issue of our Zinsurance Blog! I am excited to bring this value-added resource to your inboxes and to feed your curiosity in virtual online browsing and fact finding. Since launching my business, this has been in the strategic plan to debut, and now was the perfect time to bring it into reality. Along with the blog, check out our Insights Library which debuted along with this first blog edition. You’ll find articles on everything from the basics on life insurance, disability, long-term care to tax implications. These articles feature expertise from our many providers we resource to bring you the best possible options to consider. And the library will continue to grow as we identify more articles from our expansive network of resources.
In this blog you will learn:
Insurance is all about peace of mind. Plain and simple. That’s why we knew calling this blog Zinsurance was the perfect name. It’s more than just a name, though. It is at the very core of why we are in business – to prepare you for life’s unexpected, so you have peace of mind now and long into the future.
We’ve all grown up with the Japanese term Zen, which means peace and calm and has become a word that is at the heart of a desired state of mind when practicing mindfulness, whether being out in nature or meditating on a cushion.
The term Zin is slang for Zinfandel. Anyone who has enjoyed a full-bodied Zin with dark chocolate knows the calming and enriching effect it can have on one’s mindset, especially when shared with others. According to the Urban Dictionary, Zin also means someone who can adapt to any situation and get along with everyone. This spoke to me as well, since I founded this company on the premise that we weren’t onerous to one single insurance or financial product line but could adapt and accommodate a client’s needs based on what is truly desired and in their best interests.
Not Repeating the Same Mistake
A client of mine in her boomer years had recently gone through the harrowing process of a Medicaid spend down for her mother and stepfather, so that a portion of the nursing home bill for the stepfather would be covered by Medicaid. A life insurance policy that was believed to have been in place was discovered to have been cancelled when the client was investigating it to see if it had any long-term care coverage.
To learn that the policy no longer existed was devastating enough, let alone no access to long-term care assistance. This ultimately caused this client to incur significant costs out of her own pocket to make sure her mother could stay independently in their home in addition to what needed to be covered until Medicaid kicked in.
When this client came to me, she was determined to have a life insurance policy with a long-term care rider on it that would also grow in value beyond the death benefit. She didn’t want her children to go through what she went through should she ever need to be transitioned into a nursing home. She also wanted a separate policy that could ultimately be a death benefit to her grandchildren. We looked at several policies including ones that would cover well past 100 years, because this boomer was in premium health and wanted no surprises. She fully expected to live past 100 in age. She even joked she was going to break the record and live to be 123!
For her, peace of mind looked like this. 1) A policy high enough to cover several years of nursing home care, as well as in-home care; 2) A policy that would grow in value beyond the death benefit; 3) A policy that would cover her well past 100 (in this case 125); and 4) A policy that could also be a monetary benefit to her grandchildren.
With these perimeters in place, it was very clear that one size did not fit all. It never does actually, and that is why the ability to be adaptive is essential to effectively finding the coverage that is truly going to be the best option for your needs.
In the above case example, our client had very specific desires for her protection. It took a catastrophic event to help her see the value of getting this additional policy for herself. What questions should you be asking yourself so you can anticipate and be prepared for what life may hand you down the road.
As the title of this first blog implies, when it comes to your financial future, you should always be considering it for the long haul and how it will play out over the different stages and transitions in your life and what it will ultimately do for you and your family, especially when the unexpected happens.
Look for future blogs each month as we help you prepare for life’s unexpected one topic and perspective at a time.
For Your Future,
Lori Capozza Zeind
About the Blog
Hi, I’m Lori Capozza Zeind,