Michael G. Romanello, CEP, CLTC
24930 Detroit Rd
Westlake, OH 44145


(440) 871-3067

Life and Long Term Care Insurance

Life/LTC-Life and Long Term Care Insurance is an important part of a financial plan. Protecting you and your family in case of a financial crisis, Insurance transfers the financial risk of life's events to an insurance company. A sound insurance strategy can help protect your family from the financial consequences of those events. A strategy can include personal insurance, life insurance and long term care insurance. 

There are many different types of life insurance products in the market today:

  • Term insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Index Universal Life Insurance
  • Variable Universal Life Insurance

The question is, which plan is good for me? Working with an experienced insurance broker, will hep you and your family understand the differences between all the different life insurance policies in the market today.

Life insurance is the foundation for many financial strategies. Individuals and companies often use life insurance’s tax-free death benefit and tax deferred cash build up to replace lost assets.

Is long term care insurance  a good option for you? The question is not as easy to answer as you might think. The annual cost of a semiprivate room in a nursing home is more than $88,000 a year in Orlando, Florida, according to Genworth, an insurance company.

A private nursing home room is almost $95,000 a year, and 44 hours a week of home health care services would run about $42,000 per year. Medicare doesn't cover any of those costs. The optimum time to purchase long-term care insurance is between the ages of 50 and 62. Annual premiums escalate quickly if you wait much later to buy a policy, and after age 70, premiums can become cost-prohibitive.

At PRO Financial Network, we can design a customized life and long term care insurance program for your family or employees that fits into your budget and financial needs.

Get A Complimentary Consultation

Your financial future is important. Make sure you are doing as much as you can to protect what you already have. Start with a complimentary consultation from PRO Financial Network, hassle free.

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Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck