Individual Life Insurance

Reassurance for you and your Loved Ones.
Luczkowski Agency Insurance and Financial Services provides life insurance to individuals in Chesterland, Chardon, Newbury, Kirtland, Mayfield Heights, Willoughby, and surrounding areas.

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing.

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your childÕs education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At Luczkowski Agency Insurance and Financial Services, we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the reassurance they deserve.

Types of Individual Life Insurance
Luczkowski Agency Insurance and Financial Services offers several different coverage options for your consideration including term life, whole life, and more.

Term Life Ð This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. ItÕs a benefit policy thatÕs used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life or universal life insurance.

There are two types of term life insurance:

Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.

Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.

Whole Life Ð As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest.

Luczkowski Agency Insurance and Financial Services is here for you
There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. ThatÕs why itÕs important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs.

An insurance specialist with Luczkowski Agency Insurance and Financial Services will review your current life insurance situation and help you design a policy to plan for the future.

At the end of the day, one of the biggest investments you can make is an investment in yourself.

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

Disability Insurance

Disability Insurance in Chesterland, Oh and surrounding areas
Healthcare.gov Circle of Champions 2018

Your Biggest Asset is You
Luczkowski Agency Insurance and Financial Services provides disability insurance to individuals in Chesterland, Chardon, Newbury, Kirtland, Mayfield Heights, Willoughby, and surrounding areas.

Disability Insurance

When it comes to protecting your assets, one of the most important things you can insure isnÕt a material object like your car or home Ð itÕs your ability to work and earn a living. At Luczkowski Agency Insurance and Financial Services, we know that like most people, you depend on your income to pay bills, put food on the table, and provide for your family. But if you get sick or injured and canÕt work, youÕll need to be protected in order to maintain your standard of living.

With disability income Insurance from Luczkowski Agency Insurance and Financial Services, you can continue to pay your bills and keep you and your family from going into serious debt. If you canÕt work as a result of injury or other illness, a disability insurance policy will pay a portion of your income, usually between 50 and 70 percent.

Policies can vary greatly depending on the individual, and the duration and amount for which you are reimbursed are determined by the nature of the disabling accident. Like life insurance, disability is purchased for a period of time, such as a two or five-year term, and benefits will only be paid if you become disabled during the term of the policy.

Choosing the right disability coverage is important. In the event you become disabled, you’ll want to ensure that you and your family have enough coverage. A representative at Luczkowski Agency Insurance and Financial Services will look at the individual factors in your life and work situation, and help design the best policy that meets your personal insurance needs.

Group Benefits

Group Benefits in Chesterland, Oh and surrounding areas
Healthcare.gov Circle of Champions 2018

Keep your Employees Happy with Group Benefits
Luczkowski Agency Insurance and Financial Services provides group benefits to businesses in Chesterland, Chardon, Newbury, Kirtland, Mayfield Heights, Willoughby, and surrounding areas.

A single policy for all employees of the same company, along with their dependents, provides bottom line coverage for employers and employees alike. Under a group benefit plan, the employer or association will be issued a master policy that will be distributed to all employees working for that particular company.

Luczkowski Agency Insurance and Financial Services proudly offers these group benefits, plus many more:

Group disability
Life & accident
Leave management
Retiree health coverage
Voluntary benefits
Contact a representative at Luczkowski Agency Insurance and Financial Services to go over group benefit options for your business.

Second-To-Die Policy

Second-To-Die Policy in Chesterland, OH and Chardon, OH
ENSURE THE FUTURE OF YOUR ESTATE
Between physical assets and financial successes, there are many things that married couples share. Luczkowski Agency Insurance and Financial Services knows that couples today can accumulate wealth and assets that can mean hefty estate taxes in the event of either spouseÕs passing. A second-to-die policy, also known as survivorship insurance, is a type of joint insurance that covers the lives of two people, usually married couples, where the death benefit is not paid until the death of the second insured person.

Under federal tax law*, you are permitted to leave an unlimited amount of personal assets to the surviving spouse, allowing you to postpone estate taxes until the death of the second spouse. While this lets you keep personal assets, such as home or business, within the family, it also means that your beneficiaries may be faced with paying a large estate tax after your passing.

A second-to-die policy from Luczkowski Agency Insurance and Financial Services gives your beneficiaries the means to pay off your estate taxes without having to liquidate the personal assets youÕve worked hard to attain. And because the policy insures more than one person, you may also enjoy a lower premium, and the total cost of the insurance may be cheaper than the estate taxes your beneficiaries will be liable to pay.

Due to the specialized nature of second-to-die insurance, some limitations may apply. ItÕs important to discuss your options with an insurance specialist from Luczkowski Agency Insurance and Financial Services to determine the right amount coverage for you and your family.

*Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

NFW-7753AO (02/18)

Personal Umbrella & Identity Theft

Personal Lines Information
Additional Coverage in Chesterland, OH and Chardon, OH
ADDITIONAL COVERAGE FOR PEACE-OF-MIND LIVING
Luczkowski Agency Insurance and Financial Services is committed to providing advice and quality insurance products to keep your future protected. From helping to restore your identity to insuring your personal items, we have the solutions you have been looking for should theft, an accident, or even a lawsuit occur.

Our additional Personal Insurance products include:

Identity Theft
Personal Umbrella Insurance
Insurance specialists at Luczkowski Agency Insurance and Financial Services are standing by to help you find and create the asset protection packages you deserve. Contact our agency today to get started.

We provide insurance solutions to clients near Chesterland, Chardon, Newbury, Kirtland, Mayfield Heights, and Willoughby.

Several listed features are optional and carry additional costs and terms. Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determinations. Such terms may vary by state, and exclusions may apply. Discounts may not be applied to all policy coverages. Subject to underwriting guidelines, review, and approval. Products and discounts not available to all persons in all states.

Products underwritten by Nationwide Mutual Insurance Company and affiliates. Columbus, Ohio. Nationwide, the Nationwide N and Eagle, and other marks displayed on this page are service marks of Nationwide Mutual Insurance Company, unless otherwise disclosed. © 2018 Nationwide.

Long-Term Care Insurance

Long-Term Care Insurance in Chesterland, OH and Chardon, OH
PERSONAL AND FINANCIAL PROTECTION FOR THE LONG TERM
For most Americans, a traditional life and health insurance package is enough to keep themselves and their families insured, but for many, additional coverage is required. At Luczkowski Agency Insurance and Financial Services, we offer extensive coverage options that can insure the care of those who need it most.

Long-term care insurance (LTC) helps provide for the medical expenses of extended home health care or nursing home costs beyond a specified period. In general, individuals who require long-term care are those who can no longer take care of themselves and are unable to perform the basic activities of daily living without assistance.

The costs of long-term care can be quite expensive, and are typically not covered under basic health insurance, Medicare, or Medicaid. Long-term care insurance from Luczkowski Agency Insurance and Financial Services can protect your familyÕs financial future by providing valuable coverage benefits for costs associated with:

Home Care
Assisted Living
Adult Daycare
Hospice Care
Nursing Homes
Respite Care
Individuals looking to purchase long-term care insurance must meet certain conditions in order to qualify for benefits. Talk to an insurance professional with Luczkowski Agency Insurance and Financial Services to learn more about long-term care insurance.

All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. Policy guarantees and benefits are not backed by the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

NFW-7750AO (02/18)