Coordinated · Practical
Insurance Solutions
Protection should fit the plan, not sit beside it.
MRA helps clients consider insurance decisions in the context of goals, budget, taxes and estate planning.
Discuss insurance solutions →Life Insurance
Protect the people and plans that depend on you.
Life insurance can help create financial breathing room if income is lost. The right structure depends on what needs protecting, how long it needs protection, and how the policy fits the rest of your plan.
Life Insurance
Protect a financial gap.
A death benefit can help loved ones meet obligations, maintain their lifestyle, and make decisions without immediate financial pressure.Term Insurance
Coverage for a defined season.
Term life provides coverage for a selected period, often matching a mortgage, children’s education years, or income-replacement need. It generally does not build cash value.Permanent Insurance
Long-term protection.
Permanent policies are designed to provide coverage for life as long as required premiums are paid. They may include cash value and typically cost more than term coverage.Coverage Estimate
Start with the questions that shape the number.
Compare a practical needs-based estimate with an income-focused human-life-value estimate. Both are starting points for a conversation, not a policy recommendation.
Needs-Based Estimate
$1,770,000Income for the years selected, plus debt, future goals and final expenses, less savings and existing coverage.Human-Life-Value Estimate
$1,093,794The present value of the income selected over the years entered, using a 3% annual discount rate, less existing coverage.A full review considers household income, dependents, debt, employer benefits, health, policy design, affordability and changing goals.
Long-Term Care Insurance
Plan for care without losing sight of independence.
Long-term care insurance can help with the ongoing support a person may need because of chronic illness, disability, or cognitive impairment. It is designed for care at home, in the community, assisted living, or a nursing facility—not simply medical treatment.
Activities Of Daily Living
When hands-on support becomes part of the day.
Policies commonly use an inability to perform a specified number of these everyday activities—or a qualifying cognitive impairment—to determine when benefits may begin. The exact definition and trigger are set by the policy.
- Bathing
- Dressing
- Eating
- Toileting
- Transferring
- Continence
What To Compare
Policy choices that shape the protection.
Care settings and benefit triggers
Check whether home care, assisted living, adult day care, nursing care, and cognitive impairment are covered—and how eligibility is defined.
Daily or monthly benefit and benefit pool
Compare the amount available for care and how long it can last. A higher benefit or longer benefit period can increase premium cost.
Elimination period
This is the waiting period before benefits begin. You typically pay eligible care costs during that period, so understand whether it is measured by calendar days or service days.
Inflation protection
An inflation rider can increase the policy’s benefit amount over time to help keep pace with rising care costs. Ask how the increase works and what it costs.
Premiums, underwriting and policy terms
Review affordability, the insurer’s rate-increase history, health underwriting, exclusions, renewal terms, and any nonforfeiture or shared-care options.
Care Planning Estimate
See how benefits, time and inflation work together.
This tool illustrates a benefit design. It does not predict the cost or duration of care, determine eligibility, or represent an insurance quote.
Benefit Pool Today
$273,750Daily benefit × 365 days × selected benefit years.Illustrated Daily Benefit In Future Dollars
$389Daily benefit after the selected inflation assumption and years until care.Illustrated Future Benefit Pool
$426,494Future daily benefit × 365 days × selected benefit years.Estimated amount to plan for during the selected elimination period: $22,500.
Disability Insurance
Protect the income your life is built around.
Disability insurance can replace a portion of earned income when illness or injury keeps you from working. The right fit comes from understanding who owns the coverage, how benefits may be taxed, and how a policy defines disability.
Group vs. Individual
Know where the coverage lives.
Group coverage is offered through an employer and its plan terms, contribution rules and portability provisions control. Individual coverage is personally owned, subject to its policy terms and underwriting, and can stay with you if employment changes.Taxable vs. Non-Taxable
Look beyond the stated benefit.
Federal tax treatment generally follows how premiums were paid. Employer-paid or pre-tax premiums can make benefits taxable; benefits tied to employee after-tax premiums are generally not taxable. Mixed funding can create mixed treatment.Own Occupation vs. Any Occupation
Read the definition of disability.
An own-occupation definition focuses on your ability to perform the duties of your regular occupation. An any-occupation definition is typically stricter, looking at your ability to work in another occupation as defined by the policy.Social Security Integration
Understand the group-plan offset.
Many group long-term disability plans coordinate with Social Security disability benefits: if Social Security approves a benefit, the group plan may reduce what it pays by that amount. The combined income may not be the sum of both payments. Review the plan’s offset and repayment rules, especially if Social Security awards retroactive benefits.Income-Protection Estimate
Start with the income gap a disability could create.
Use this estimate to compare a monthly income-replacement target with other benefits and the cash reserve needed during a waiting period. It illustrates planning needs—it does not determine policy eligibility or an insurer’s maximum benefit.
Target Monthly Income Replacement
$5,00060% of the monthly earned income entered.Estimated Monthly Coverage Gap
$5,000Target monthly replacement less the other monthly disability benefits entered.Income Gap Over Selected Period
$120,000Estimated monthly coverage gap × selected income-replacement period.Estimated cash reserve for the selected elimination period: $16,500, based on essential monthly expenses.
Individual Insurance Underwriting
A clear view of what happens between application and coverage.
Individual life, disability and long-term care coverage can involve underwriting. The insurer’s process helps determine eligibility, terms and premium; the information requested, order of steps and timing differ by product, carrier and applicant.
Application
You select the coverage and complete the insurer’s application, including personal, health, lifestyle, occupation and financial information where requested. Accuracy matters: the application becomes part of the underwriting file.
Medical records review
With your authorization, the insurer may review available health information, prescription history or records from your physicians. Not every application requires the same records or follow-up.
Personal exam and interview
Some applications include a brief paramedical exam, measurements and possibly laboratory samples, along with a telephone or personal interview to confirm information and ask follow-up questions.
Underwriting decision
The insurer evaluates the information it has gathered and determines whether coverage can be offered, on what terms and at which premium class. It may request more information before deciding.
Policy offer
If approved, the insurer presents the available policy, benefit amount, riders, premium and any specific terms. Review the offer against the protection need and your budget.
Acceptance and policy issue
You accept the offer, meet any delivery requirements and make the required first premium payment. Once the insurer issues the policy, keep the documents with the rest of your financial records.
A Connected Approach
One decision can affect the rest.
MRA brings planning, investments, tax and protection into the same conversation.
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