M E Consultants

Choosing quality Insurance from a trusted name is important to help protect yourself and your loved ones from the financial hardship a loss can cause.  Shoppers need the details for purchasing insurance made easy and accessible.  The value of purchasing an insurance policy is the peace of mind in the knowledge that one’s death will not result in financial hardship for loved ones.  Life-based insurance usually falls into two categories – protection and investment.  Protection policies are designed to provide benefits in the event of a specific event and are typically a lump sum payment; an example of which is Term Life Insurance.  The main objective for investment policies is to facilitate the growth of an investment; as in whole life, universal life, variable life, accelerated life insurance, and annuities.

Long term care is a necessity most people forget to think of until it is too late. The elderly population in the United States is growing, with the highest growth among those ages 85 and above.  They are also the group most likely to end up in nursing homes and have the highest healthcare costs.  70 percent of people over the age of 65 will need long-term care services at some point in their lives and greater than 2 in 5 will need nursing home care for some length of time. The average length of long term-care for a person over the age of 65 is three years.  According to the MetLife Mature Market Institute Survey, the national average daily rate for a private room in a nursing home is $229, while a semi-private room is $205.  The national average monthly base rate in an assisted living community is $3,293 while the national hourly rates for home health aides and homemakers were $21 and $19 respectively. The daily cost for adult day services is $67.  

It is recommended that you consult a professional who will help you choose a policy tailored to your needs.   Some health conditions that one carrier may accept may be cause for rejection by another provider.   Having the assistance of a knowledgeable, experienced agent can be a real asset in finding the company that is not only trustworthy and reliable, but also best fits your particular needs and health history.

Licensed in New Jersey, Pennsylvania and Ohio for Life, Health, Long Term care insurance, and in New Jersey for fixed annuities.