Insurance Planning
Protect what matters most
Partner with us to create a comprehensive insurance plan
One of the most intimidating parts about planning for your future is arranging the proper insurance plans to make sure your best interests are protected. For everything from disability planning assistance to life insurance services, turn to Gasaway Investment Advisors. We offer extensive insurance planning services in Kalamazoo, MI and surrounding areas.
Reach out to us today to discuss your insurance planning needs.
Protection Plans
In 2022, 102 million American adults were without life insurance or underinsured. If you want to safeguard what you have and take care of the people who mean the most to you, our experienced advisors can help. Our team can help you navigate the complexities of life insurance to make sure that you have a plan that meets your needs.
We offer the following life insurances:
Term - Insurance that is meant to be cheap and have a high amount of coverage
Whole - Permanent insurance with a fixed rate of return on the cash value
Universal - Permanent insurance that can have more growth to the cash value of the policy
Annuities - As part of our life insurance services, we can also assist you with setting up fixed or indexed annuities. Annuities protect against outliving your money by providing you with a steady cash flow over time.
What types of life insurance does Gasaway provide guidance on?
Gasaway Advisors provide guidance on life insurance options, such as Term, Whole, and Universal life, to help clients evaluate which may best fit their needs.
How can annuities fit into insurance planning?
Gasaway can help clients evaluate whether fixed or indexed annuities are appropriate for their situation, with the goal of providing income options in retirement.
What options are available for disability protection?
Advisors provide education on short-term and long-term disability insurance to help clients understand how these products may help protect income in the event of illness or injury.
Why is Long-Term Care (LTC) planning important?
Since many individuals may require long-term care as they age, and the costs can be significant, Gasaway helps clients explore planning strategies that may reduce the financial impact on their families.
Does Gasaway support business continuity in case of an owner’s absence?
Yes. Gasaway assists with business succession strategies, including the use of buysell agreements and related insurance structures, to help businesses prepare for unexpected events.
Disability Planning
Suffering an injury while you’re still working can be devastating to your family if you’re not prepared. Our disability planning advisors can help you set up a short-term (3 months to 12 months) or long-term (anything greater than a year) plan to make sure that you’re protected in case of a serious accident. We’ll walk you through all your options and help you select the best plan for you.
Long-Term Care Planning
70% of people over age 65 will need some form of long-term care (LTC) in their lifetimes. With the average cost of a private room with skilled nursing care in Michigan rising to $118,260 a year, it’s more important than ever to plan ahead. No matter what stage of life you’re at, you can trust us to help you create a plan to make long-term care more attainable in the future.
Our long-term care products include:
Straight LTC – covers the costs of long-term care
Hybrid LTC – attaches a rider to a permanent life insurance policy that covers long-term care
Business Continuity Planning
Planning the continuity of your business is just as important as planning for the possibility of something happening to you as a business owner. A buy-sell agreement can make sure that your business is passed on properly if something were to happen. You can partner with our advisors to create an airtight agreement that covers all your bases. We can even help you tie your buy-sell agreement with a life insurance policy to make sure funds are available for your business partners and company in case of an accident.