The Policy They Almost Refused
We placed $3,500,000 of life insurance on a mom with no paycheck. The policy they almost refused became the one that mattered most.
Kraig Strom, CFP®, ChFC®, is a licensed insurance professional with 28 years of experience specializing in life insurance, disability insurance, long term care insurance, and private banking strategies. He serves families and professionals in Houma, Terrebonne Parish, and across South Louisiana.
The Filing Cabinet Policy: What Stephanie and Bruce Almost Forgot
She was in a wheelchair when I met her. She had forgotten she owned the one policy that could help. It was still in the filing cabinet.
Barbara’s Ledger Book: A True Story About Long-Term Care Planning
Frank did not want to talk about long-term care. Barbara kept $150,000 in a ledger book. What happened next is why this conversation matters.
Own-Occupation Disability Insurance for CRNAs (Nurse Anesthetists)
Key Takeaways Protecting your income is the most important step in securing your financial future as a medical professional. This guide highlights the essential strategies for finding the right coverage to suit your high-earning specialty. Employer-provided coverage often leaves significant gaps in protection. True own-occupation definitions ensure you are covered for your specific role. Individual…
The Louisiana Long Term Care Partnership Program, Explained
Key Takeaways Properly structuring your future care requires understanding the unique benefits provided by the state-sanctioned insurance pathway. Here is what you need to know about navigating the program: The louisiana long term care partnership program allows you to protect assets from Medicaid spend-down requirements. Dollar-for-dollar protection ensures your personal savings are shielded based on…
Why Your Employer’s Group Disability Coverage Isn’t Enough
Key Takeaways Protecting your income is about more than just having a benefit package at work; it requires a deep understanding of what truly safeguards your lifestyle. Here are the core factors to consider: Employer-provided plans often cap benefits, failing to cover bonuses or commissions. True income protection relies on a clear definition of disability,…
What Long Term Care Really Costs in Louisiana
Key Takeaways Understanding the true long term care cost louisiana residents face is essential for protecting your family legacy. Medicare coverage is widely misunderstood and does not cover most long-term, non-medical custodial care. A proactive long term care plan involves diversifying funding sources like hybrid policies and state partnership programs. Regional price variations in the…
Own-Occupation vs Any-Occupation: The Definition That Gets Claims Denied
Key Takeaways Protecting your ability to earn an income requires understanding the specific language inside your policy. These points summarize how different definitions of disability impact your financial security. Own-occupation policies prioritize your ability to perform your specific professional tasks. Any-occupation clauses often force a transition to lower-paying work to qualify for benefits. Employer group…
Disability Insurance for Welders and Pipefitters
Key Takeaways Protecting your income is often the most overlooked part of a solid long-term plan, especially for those in physically demanding trades. The physical nature of welding and pipefitting makes your ability to perform your specific tasks your most valuable business asset. Standard employer-provided group disability insurance often lacks the portability and specialized protections…
Private Banking for Business Owners: Funding Growth From Your Whole Life Cash Value
Key Takeaways This article outlines how business owners utilize a specific cashflow strategy to gain control over their operating capital and long-term financial security. Business owners often encounter cashflow bottlenecks by relying solely on traditional lending institutions. A properly designed whole life policy acts as a private banking vault, not a market product. Cash value…