Monthly Archives: January 2021

Three reasons why you should purchase long-term care insurance

It’s important to carry long-term care insurance. At Colling Insurance Services Inc., we offer long-term care insurance in Lakewood, CO.

The following are three reasons why you should purchase long-term care insurance.

Aging adults are likely to need long-term care at some point.

It’s important to realize how prevalent the need for long-term care is. As adults get older, they become increasingly more likely to require long-term care to get by on a daily basis.

According to some estimates, half of all individuals over 65 will develop a disability and be in need of long-term care before the end of their lives. Even if long-term care is only necessary temporarily, it’s still important to have this health care need covered by insurance. 

A standard health insurance policy is not likely to cover all long-term care needs. 

Don’t assume that your health insurance policy or the health insurance policy of a loved one included long-term care coverage. In fact, the majority of health insurance policies out there don’t provide coverage for long-term care.

To have the expenses of long-term care covered by insurance, it’s important to invest in a long-term care insurance policy. 

Long-term care is very costly out of pocket. 

If you or a loved one ends up needing long-term care, the resulting costs can be financially devastating. It’s important to realize how much long-term care costs will be if you find yourself in the situation of having to pay out of pocket. Aging individuals need to be insured for this type of health care cost to avoid financial problems in the future. 

If you’re looking for the right long-term care insurance policy, get in touch with us at Colling Insurance Services Inc. We offer long-term care insurance in Lakewood, CO. 

Who Can Benefit from Life Insurance?

If you’re under the impression that life insurance is only for families, think again. Anyone can benefit from the financial security that life insurance from Colling Insurance Services Inc. has to offer. If you were to suddenly pass on, would your loved ones have the financial support they need to carry on? Here’s why everyone should consider a life policy.


Like many people, you may have quite a few debts that you’re paying off on time. These could range from a mortgage to private student loans. If you have a cosigner on these debts, they could be held responsible to pay these off in the event of your sudden demise. Life benefits can help cover debts, freeing your loved ones of this responsibility.

Financial Support

If you’re married, life benefits can provide financial support to your family after you’re gone. If you’re single, benefits can be used to support your aging parents in Lakewood, CO or put a younger sibling through college. Life benefits can even help keep a business running if you entered into a partnership with someone before your demise.

Charitable Causes

Life benefits can be used to sponsor charitable causes to make a difference in the lives of those in your local community. Your legacy could be the help you give others in their time of need.

Funeral Costs

Your unexpected demise could catch your loved ones unprepared financially to pay for your funeral costs. Life benefits can be used to cover these expenses, so your family isn’t put under financial pressure during this difficult time.

Borrowing Power

By investing in whole life insurance, you can borrow from your policy to get instant cash when you need it most.  

To learn more about life insurance options, coverage and costs, contact Colling Insurance Services Inc., serving residents in Lakewood, CO.