Insurance & Long-Term Care Planning
A complete retirement plan goes beyond investments — it protects what you’ve built. Insurance and long-term care planning help safeguard your income, assets, and legacy from unexpected costs or life events that can derail even the best investment strategy. At Heartland Retirement Group, we view insurance as a strategic piece of your overall wealth plan. Our dedicated insurance department works hand-in-hand with your advisor to ensure coverage aligns with your goals and complements your broader financial strategy.
If insurance or long-term care is a current concern, your advisor will gladly connect you with one of our licensed agents — or you can learn more directly at yourhrg.com.
Protection is part of the plan
Integrating Insurance Into Your Wealth Strategy
What We Cover
Insurance & Care Planning Solutions
We design protection strategies that integrate seamlessly with your retirement income and investment plans.
Life Insurance Planning
Life insurance can play a role well beyond working years. We review your coverage to ensure it still serves your goals in retirement.
What we help you evaluate:
- Whether existing policies are still needed or should be adjusted
- Beneficiary designations for alignment with your estate plan
- Using life insurance for wealth transfer or charitable giving
Long-Term Care Planning
The cost of care can drain savings quickly if not addressed. We walk you through your options for protecting against this risk.
What we help you evaluate:
- Traditional long-term care insurance policies
- Hybrid life/long-term care products
- The pros and cons of self-funding future care
Income Protection Strategies
Unexpected events can threaten your retirement income. We help build safeguards to keep your plan intact.
What we help you evaluate:
- Disability insurance (for those still working)
- Spousal income replacement strategies
- Maintaining liquidity to handle emergencies
Insurance Questions Answered
Frequently Asked Questions
Do all retirees need long-term care insurance?
Not necessarily. For some, traditional or hybrid LTC coverage makes sense. Others may be better served by earmarking assets to self-fund. We help you understand the best approach based on your health, goals, and budget.
What happens if I already have life insurance?
We review your policies to determine if they still fit your needs. In some cases, coverage should be kept; in others, it may be reduced, repurposed, or replaced.
Does Medicare cover long-term care?
No. Medicare covers short-term skilled care after a hospital stay, but it doesn’t cover extended custodial care. That’s why planning separately for long-term care is so important.
What’s the advantage of hybrid life/long-term care products?
Hybrid products can provide coverage for care if needed, or a death benefit if not. This flexibility helps ensure your premiums are never “wasted.”
How do you integrate insurance into my overall retirement plan?
We don’t view insurance as a standalone product. Instead, we look at it as part of your income, investment, and legacy planning, making sure all areas of your finances work together.
