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Insurance Protection

Citizens Investment Services

Securing your family's future starts with understanding your insurance needs. We can help.

Questions? Ask a Citizen.
Questions? Ask a Citizen.

A critical component of any comprehensive financial plan is to mitigate the financial risks your family or business would encounter if something were to happen to you, your spouse or business partners. At Citizens Investment Services, we can provide you guidance on how to manage those risks with the proper insurance protection. Three common types of insurance protection you should consider are: 

Life Insurance: In general, life insurance protects the financial security of your family or business in the event of your death. Basically there are two general categories of life insurance: term insurance and permanent insurance. 

Term Insurance: provides pure insurance protection for a specified period of time. 

Permanent Insurance: is designed to provide lifetime protection and provide a cash value component that can be withdrawn to fund alternative goals like a college education or retirement income. To help determine how much coverage you may need, use this Life Insurance Calculator

If you require more customized guidance on the types and amount of coverage you may need, or have existing life insurance that you would like reviewed, simply call 1-800-242-2224 to schedule an appointment with a local Citizens Investment Services Financial Advisor who can assist you with an objective review of your insurance protection needs.

Long-Term Care Insurance

Almost seven out of ten people turning age 65 today will eventually need some type of long-term care. Long-term care insurance will help to safeguard the savings you have worked so hard for, and cover you and your family beyond the limits of Medicare and other medical coverage plans. Here are some of the key benefits of owning your long term care protection:

  • Reduces any reliance you may have on government assistance programs.
  • Increases your options on the types of care and facilities you may need.
  • Lessens the burden on family members to provide care.
  • Reduces the chance that you could deplete your assets because of long term care.

To estimate your long term care needs, Use this Long Term Care Insurance calculator.

Disability Insurance

Disability insurance protects you and your family financially should you become unable to work due to an injury or illness. Some of the key benefits of owning disability insurance are:

  • Replaces your steady income in the event you are unable to work, due to illness or injury.
  • Allows you to pay bills like your mortgage, tuition, car payments, and other basic household expenses.
  • Helps maintain your current standard of living.
  • Can often be customized to fit your unique situation.

Do you have enough disability insurance? Use this calculator to find out.

Do you have an existing insurance policy?

If you have an existing insurance policy with another carrier, but haven’t made any changes or reviewed it in the past five years, a Citizens Investment Services Financial Advisor will be happy to provide you with an objective second look at the existing policy and offer you a complete insurance policy review.

Our Financial Advisors are here for you.

To learn more about using insurance protection as part of your overall financial plan, simply call us at
1-800-242-2224 to request a complimentary financial review with one of our Financial Advisors.

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