Life, Disability, and Long Term Care Insurance

Andrew D. Eddy

CFP® · AIF® · ChFC® · CLU®

CA Insurance Lic. № 0K02163

Life · Disability · Long-Term Care Insurance

Life Insurance in Santa Monica and Los Angeles, CA. Disability Insurance, and Long Term Care (LTC) Insurance.

Work with Andrew Eddy, who holds the Chartered Life Underwriter® designation, which is an advanced credential in the life insurance industry. He’s independent — not captive to one carrier — and weighs options across insurers to fit your situation.

For pre-retirees and retirees, protecting what you’ve built takes more than one policy — long-term care, life, and disability each cover a different risk, reviewed together.

Schedule Policy Review / Q&A Session

Schedule a Policy Review →

20 minutes · No statements required · Complimentary

Eddy Financial, LLC is not a licensed insurance entity. Insurance services are offered through Andrew Eddy, an individually licensed insurance agent in the state of California. Andrew Eddy’s California Insurance License is № 0K02163.

FAMILY RISK MITIGATION

As comprehensive financial advisors, we evaluate a client’s entire financial situation. In the chart below, listed are the core risk issues that can be addressed with the proper insurance strategy. Insurance can be very confusing, but at a fundamental level there are two types – temporary or term insurance, and permanent insurance (universal life and many others). Let Andrew help you navigate the path to solving your particular situation.

Disability Income Insurance

Protect your paycheck

Issue: Inadequate earned income protection

Solution: Obtain appropriate disability income benefit

Physician own-occupation disability insurance →

Long term Care Insurance

Protect your assets later

Issue: Inadequate protection for long term care costs.

Solution: Obtain appropriate protection with permanent insurance rider or lump sum policy.

Family Income Protection

Protect the people who depend on you

Issue: Inadequate family income protection

Solution: Base of permanent insurance plus supplemental term insurance.

Not sure which of these applies to you? That’s exactly what a policy review answers.

Schedule a Policy Review →
Prefer to talk now?(310) 451-3339

400+

Hours of insurance study behind the CLU®

Did you know that many financial advisors do not have any insurance training? Why work with someone who hasn’t spent more than 400 hours learning insurance, when you can work with Andrew?

The Credential

A Chartered Life Underwriter® has earned an advanced credential in the insurance profession, representing eight or more comprehensive college-level courses covering all aspects of life insurance, business insurance, and risk management. For more than 80 years, consumers have trusted this mark, which is conferred by The American College, a non-profit educator with the highest level of accreditation. The average study time for the program is over 400 hours and can take years to earn. Each CLU® must also complete a minimum of 30 hours of continuing education every two years and meet extensive experience requirements, ensuring the knowledge you’re counting on is both comprehensive and current.

Common Questions

Questions people ask before booking

Look for an independent, credentialed agent — not one tied to a single insurer. Andrew Eddy is a CLU® life insurance agent based in Santa Monica who works with clients across Los Angeles and the Westside, comparing coverage across multiple carriers in person or by video.

Independent. Andrew isn’t captive to a single carrier, so he can evaluate policies across multiple insurers and recommend what fits your situation rather than what one company happens to sell.

Term insurance covers you for a set period and is typically the lowest-cost way to protect your income during your working years. Permanent insurance stays in force for life: whole life builds cash value, while universal life is more flexible — some policies are built for cash-value growth, and others, such as guaranteed universal life, are designed mainly to provide a lifelong death benefit with little cash value. Which one fits depends on what you’re protecting and for how long.

It depends on what you’d want a policy to replace — income your family relies on, a mortgage, education costs, or final expenses — minus the savings and coverage you already have. A common starting point is a multiple of your income, but the right number is the one tied to your actual obligations. A review puts a figure to it for your situation.

It depends on your assets, your family situation, and how you’d want extended care funded later in life. The risk it addresses — the cost of long-term care — can erode savings quickly. Some people self-fund; others use a dedicated policy or a permanent-insurance rider. A review tells you which approach makes sense for you. More on LTC insurance →

They cover different risks. Disability insurance replaces a portion of your income if an illness or injury keeps you from working. Long-term care insurance pays for extended care — in-home help, assisted living, or a nursing home — when you can no longer manage daily activities on your own. Many people need both, at different stages of life; a review sorts out which gaps you actually have.

Enough to replace the income your household depends on if you couldn’t work. Group coverage through an employer is often a starting point, but rarely sufficient on its own. The right benefit is sized to your earnings and any coverage you already have.

An online quote sells you a product. A Chartered Life Underwriter® evaluates whether that product is the right one — and how it fits the rest of your financial picture.

It’s a complimentary 20-minute conversation. Bring a policy you already own, a proposal you’ve received, or just your questions. You’ll get an honest read on where you stand and what, if anything, makes sense to do next — with no obligation.

Have questions about a policy you own — or one you’ve been offered?

Find out where your coverage stands.

In 20 minutes, you’ll get

An honest read on the coverage you already have
Straight answers to your specific questions
A clear sense of next steps — with no obligation

Schedule a Policy Review →

20 minutes · No statements required · Complimentary

Prefer to talk now? Call (310) 451-3339.

Andrew D. Eddy

CFP® · AIF® · ChFC® · CLU®

CA Insurance License № 0K02163

(310) 451-3339

eddyfinancial.com

Important Disclosure

Eddy Financial, LLC is not a licensed insurance entity. Insurance services are offered through Andrew Eddy, an individually licensed life insurance agent in the state of California. Andrew Eddy’s California Insurance License is № 0K02163. When insurance coverage is placed through Andrew Eddy in his capacity as a licensed agent, he may be compensated by the issuing insurer.

This page is educational and does not constitute insurance, tax, or legal advice. Policy features, definitions, riders, availability, and tax treatment vary by carrier and by individual circumstances. Review any contract carefully and consult a qualified professional regarding your specific situation.

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