ALL AROUND OLD BRIDGE
Thoughts Michael Vitale 104 Interchange Plaza, Suite 102 Monroe Township, NJ 08831 Cell: 201.306.5988 Office: 609.655.3066 x255 Fax: 609.655.4959 Email: michael@vitaleinsurance. com Website: www.vitaleinsurance.com The Holidays are upon us! I don’t know about you, but I am still stuffed from Thanksgiving, and now Christmas is just around the corner. We spend much of this season with our family, friends and other loved ones, so quite often, conversations turns to one’s present situation, as well as future
possibilities. How is life today? How will things be tomorrow? These questions can have ominous answers if your future needs are not part your present thoughts. Simply put, auto insurance protects you in event of an accident; homeowners insurance protects you in the event that something
happens to your home. Protecting yourself, and by proxy those very loved ones with whom you will share the holidays, is a much more complex task. There are various insurance products that can protect you for almost any likely issue that may arise. At the cornerstone of these products is Life Insurance. In its various forms, Life Insurance has the means to protect you and your loved ones in many important ways. In my past articles, I have detailed a few types of policies that may provide you with a clear mind in knowing that you are “covered”. In the race to provide sufficient coverage for you and your family, Disability Income Insurance runs a close second to Life Insurance. Many times, disability insurance may be omitted from a protection-plan conversation, yet, in certain cases, it may prove to be even more important for you than your life insurance. Disability Income Insurance gives you the power to pay your mortgage or rent, pay your bills, and live your life to
DECEMBER 2017 its fullest capacity, while unable to earn your usual wages/income. Just because you hurt your back while raking leaves in the yard, or heard that terrifying “pop” in your knee while running alongside your child’s bicycle, you can still afford to handle your household expenses. This type of insurance is a benefit that is meant to keep your life in tact during difficult times. On a more specific and limited scale, you can find other protections that offer benefits for specific health issues. Have you ever heard of terminal Illness, critical care, or lump sum policies? These can help supplement your bills when diagnosed with a specific disease such as cancer, or if you have suffered a heart attack. They can give you a lump sum benefit to use as you see fit. Some policies offer a set reimbursement amount per visit while undergoing treatments for illnesses outlined in the policy. These specific policies are typically easier to underwrite, due to their specific nature, and may also be more
economical due the acute scope of their protection. They are good options to discuss, especially if you have a family history of, or genetic predisposition to, certain illnesses. So this holiday season, as you sit around your beautifully decorated home and enjoy your traditional family meals, keep in mind that these are the moments that you want to savor in the present and continue into the future. None of us ever really want to think about the fact that something might happen which would halt those beautiful moments, but we know it’s a fact. So consider taking some steps now to ensure that you and your loves ones are prepared and protected for many holidays, traditions, and years in the future! I wish everyone a happy and healthy holiday season! Michael Vitale, Licensed Insurance Professional for Auto, Home, Life, Medicare Supplement, and Disability Income Insurances.