Risk Management Services
Comprehensive Financial Protection Tailored to Transitioning Service Members​
Anchor Risk Management understands the distinctive financial needs associated with transitioning from military service to civilian roles. Our commitment is to provide bespoke financial safeguards tailored to this significant life change.
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Our service palette includes life coverage, annuities, long-term care, and disability insurance, each designed to construct a strong financial safety net. With Anchor Risk Management, your financial stability and peace of mind are our utmost priorities. Our expertise and dedication are your allies as you journey through this life transition.
Disability Insurance
Transitioning from military service to civilian life brings with it a fresh set of financial considerations, one of which is disability insurance. At Anchor Risk Management, we're here to help you understand the role of disability insurance in your financial strategy.
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Disability insurance is a policy that replaces a portion of your income if you become disabled and are unable to work. It provides financial security by ensuring you have income, even if you're unable to perform your regular job duties.
How It Works
When a disability occurs, and you're unable to work, the policy pays out benefits after a predetermined waiting period. The benefit period, or how long you will receive these payments, can vary depending on your policy's specifications.
Types of Disability Insurance
Short-Term Disability Insurance: These policies typically cover a significant portion of your income, often around 60-70%, for a short period, usually up to six months.
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Long-Term Disability Insurance: These policies cover a smaller portion of your income, generally 40-60%, but for a much longer period, potentially lasting until retirement.
Benefits of Disability Insurance
Income Protection: Should you become disabled and unable to work, disability insurance offers a steady income stream.
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Financial Stability: Regular income from your policy can help maintain your lifestyle and cover necessary expenses.
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Peace of Mind: Knowing you have a financial safety net in case of disability can offer significant peace of mind.
Life insurance can offer financial peace of mind, securing your loved ones' financial future, and can be a key part of your broader financial strategy. Anchor Risk Management is dedicated to assisting you through this process, ensuring a thorough understanding before any decisions are made. Get in touch with us today to discover how our life insurance services can help safeguard your financial future.