Marquis welcomes the opportunity to work with you to review your current insurance policies and potential insurance needs. We will carefully review your current insurance policies and advise you as to the adequacy of the protection you currently have in place, and will make recommendations for the purchase of additional insurance, if necessary.

While Marquis does not sell insurance, our Financial Advisors hold State Life, Health, and Variable Annuity licenses. Through the licensure process, we have gained critical knowledge that we use to assist the client in the purchase of the right policy, and for the right price. If the purchase of additional insurance is recommended, we will generally refer the client to their insurance agent, or to another agent we recommend, and then will help the client choose the best policy to meet their needs. In the case of Long Term Care insurance, Marquis will occasionally sell a policy directly to the client, although we prefer to use a third party agent in order to allow us to solely represent the client.

Insurance Review Services include but are not limited to:

• Life & Health (individual & group)
• Disability (individual & group)
• Key Person and other Business Continuance Insurance
• Long-Term Care

Life & Health Insurance
Although insurance can never replace the loss of a loved one, life insurance can help mitigate any financial hardship presented by an untimely death. Life insurance can also be a means of passing wealth onto a person’s heirs, if they are fortunate enough to live a full life. While each person and family’s financial picture is unique, life insurance is commonly used in the following instances:

• Provide for a child or grandchild’s education
• Provide for living expenses for a surviving spouse or family
• Pay off existing loans or mortgages

Health Insurance provides a way to help defray the rising cost of medical expenses. It pays for hospital and doctors visits, surgical procedures, prescription drugs, and other medical related costs. Most individuals and families purchase health insurance as a part of an employer sponsored group plan. Even so, many times, the individual or family has several options from which to choose. At Marquis our review of your existing policy and the other options available to you, will help you decide which policy best fits with your needs.

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Disability Insurance
Studies have proven that the probability of a long-term disability is even greater than the probability of a premature death. Given such, this type of insurance is especially important for young to middle-aged workers. When one or both of the family’s economic providers becomes disabled for a prolonged period of time, the family can suffer from two types of economic loss:

• Either diminished or total loss of income because the individual is unable to work
• Medical expenses from the illness or injury.

A long-term disability insurance policy can help protect against such losses by guaranteeing a replacement source of income for a specified period of time, or until age 65.

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Key Person and other Business Continuance Insurance
Insurance can also be used as a means of protecting a business from the economic loss of a key employee or business owner. This is especially important in the case of a closely-held or family business.

Life insurance is most commonly used as a funding medium for a buy-sell agreement. In the event of an untimely death of a business partner, the insurance policy would allow the remaining partners to purchase the late partner’s ownership interest, an action that is in the best interest of both the business and the late partner’s family.

Business Overhead insurance is a form of disability insurance which allows the business to pay its overhead expenses, including employee’s salaries, in the event of an injury or disability to a key employee or business owner.

While these are the most common forms of key person and business continuance insurance, there are other niche types of insurance that may fit your business needs. Marquis will work with the client to understand their business, and any potential insurance needs.

Long-Term Care Insurance (LTC)
Long Term Care insurance enables you to transfer the economic liability of long-term care to an insurance company in exchange for regular premiums. It offers a viable means of protecting your family against the potential devastating expense of care in a skilled nursing facility (about $50,000 per year), home health care, assisted living and adult day care. Long Term Care insurance provides a specified dollar amount per day for care for those who suffer from the effects of a chronic illness, disability, or cognitive impairment. Many people believe that Medicare covers this type of medical care, but that is a common misconception. Medicare only covers a limited amount of rehabilitative care, and does not cover long stays in a nursing or assisted-living facility.
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