Insurance Services
Life Insurance

Simple, affordable protection for a set number of years, often used for:

• Income replacement
• Mortgage and debt protection
• Young families or new homeowners
• Business continuity while owners are active

Term life offers the most coverage for the lowest cost and is often the foundation of a strong protection plan.

Long-term protection with options for cash value accumulation. Useful for:

• Estate and wealth planning
• Equalizing inheritances
• Business succession
• Funding buy-sell agreements
• Long-term financial goals

We help you compare permanent structures (whole life, universal life, indexed options) and understand when they are suitable and when they are not.

Life isn't the only risk to financial stability. We advise on coverage that helps protect income in the event of illness or injury, including:

• Individual disability insurance
• Long-term care solutions
• Mortgage protection options

These protections support your financial foundation.

We assist with tailored policies for people whose circumstances require special consideration, such as:

• Business owners needing key person or buy-sell coverage
• Individuals with significant assets requiring additional estate liquidity
• Families planning for future care needs
• High-income earners requiring supplemental protection

Our role is to help you understand the need, not oversell the solution.

A fixed annuity can be a useful part of a long-term retirement strategy because it allows you to accumulate tax deferred earnings while also offering the option of lifetime income. In exchange for one or more premium payments, the insurance company provides a guaranteed income stream—either as a lump sum or as periodic payments that can last for the rest of your life. Fixed annuities also include a guaranteed death benefit for your beneficiaries, backed by the claims paying ability of the issuing insurer.

They can be especially appealing if you're in a higher tax bracket and want to defer additional income, or if you've already maxed out contributions to other retirement accounts and want another way to save. Because an annuity is a contract, you have flexibility in how and when you receive payments, making it a customizable tool for long-term financial planning.

Individual dental insurance helps individuals and families who aren't covered by a group plan manage the cost of maintaining healthy teeth and gums. Without coverage, even routine preventive visits can lead to significant out-of-pocket expenses, and major dental work can become a real financial burden. A freedom of choice dental plan lets you visit any dentist you prefer, but it typically includes 6 to 12month waiting periods for certain services, making it less ideal if you need extensive treatment right away.

For long-term coverage with no urgent need for major procedures, this type of plan can be a good fit.

Individual Disability Income Protection helps safeguard your income if an illness or injury keeps you from working, which is especially important for business owners and executives. Many employers don't offer long-term disability coverage—only about 43% of large companies do, and availability is even lower at small businesses—so relying solely on workplace benefits can leave significant gaps. Employer plans are often cheaper and may not require medical qualification, but they can vary widely, making it important to understand how long benefits last, how much they pay, whether bonuses and commissions are included, and whether coverage continues if you leave the company.

If your employer doesn't offer disability insurance, or if you need additional protection beyond a group plan, an individual disability policy can fill the gap. These policies typically begin paying benefits after you've been unable to work for one to six months and can continue for several years or even until retirement age, depending on the terms.

Life insurance from Partners Risk Services helps protect your family's financial future by providing funds they can use for burial expenses, uninsured medical bills, paying off a mortgage or other debts, and maintaining their standard of living. Different types of life insurance offer different advantages depending on your goals and budget.

Types of Life Insurance

• Term Life Insurance — A low cost option that provides coverage for a set period, typically 5 to 20 years. Premiums stay level during the term, and the policy expires without value if the insured outlives it. Term life generally offers the highest amount of coverage for the lowest premium.
• Universal Life Insurance — A flexible policy that lets you adjust the amount and timing of your premium payments. Each payment contributes to the insurance cost, an investment or savings component, and expenses. The interest credited to the savings portion varies with market rates, giving you long-term adaptability.
• Whole Life Insurance — Permanent coverage that lasts for the insured's lifetime as long as premiums are paid. Premiums remain level, and the policy builds cash value over time. This cash value can be used for living benefits, such as helping pay off a mortgage, funding education, or providing a surrender value if the policy is canceled.

Longterm care refers to the support someone may need at home or in a facility when they can no longer manage basic daily activities—such as bathing, dressing, or eating—because of an illness, injury, or the natural effects of aging. As people live longer, the likelihood of needing this type of extended assistance increases, whether due to a chronic condition, disability, or gradual decline in health.

Most longterm care costs are not covered by Social Security, Medicare, Medigap plans, or traditional private health insurance. Medicaid does pay for a significant portion of nursing home care nationwide, but eligibility requires meeting strict financial limits, often forcing individuals to spend down most of their assets before qualifying.

Longterm care insurance helps protect your savings and provides more control over the type of care you receive.

Mortgage protection insurance is a specialized life insurance policy designed to pay off your mortgage if you pass away, helping your family avoid sudden financial hardship. For most homeowners, the mortgage is the largest debt they carry, and losing your income due to a fatal accident or illness could leave your loved ones struggling to cover both final expenses and ongoing house payments. This type of coverage provides an affordable way to ensure the home is protected no matter the circumstances—whether the cause is cancer, stroke, heart attack, injury, or unexpected death—so your family is never at risk of losing it.