Financial Planning Solutions

Insurance coverage can have a big impact on personal finances, whether you are single or married, raising a young family or planning your retirement, or stepping up to help with the care of an elderly parent. With more than 90 years in the industry, Sandeen Insurance brings a wealth of knowledge to the life, health and long term care products.

We understand the financial implications of insurance choices, and in particular, how effective retirement planning is closely tied to obtaining the right insurance protection. For clients with complex financial considerations, we offer the services of an expert financial planner. Our objective at Sandeen is to meet your insurance needs while helping your reach your financial goals.

Life Insurance

Sandeen Insurance has assembled a broad portfolio of life products to meet your business or personal insurance needs. Life insurance is divided into two basic classes – temporary and permanent. Term (temporary) LIfe provides coverage for a specified term of years, for a pre-determined premium. A Term policy does not accumulate cash value.

Permanent life insurance contracts remain in force until the policy matures or expires. Permanent life builds a cash value that reduces the amount at risk to the insurance company, and thus the insurance expense over time. The basic types of permanent insurance are whole life, universal life, and endowment.

Additional life products offered by the agency include joint life, survivorship life or second to die life, single premium whole life, modified whole life, or group life insurance.

Disability Income

Your ability to earn a living is your greatest asset, the loss of which can be devastating to you and your family. A Disability Insurance policy addresses this risk, and offers protection if an event or condition renders you unable to work.

Health Insurance

We offer numerous competitively priced major medical, short-term medical and Medicare supplemental plans, both on an individual and group (employee benefit plan) basis. We will work with you to determine what is most important in a health plan: is it low cost, the availability of a specific physician, clinic, or hospital; the freedom to see any physician you want; or a convenient location of facilities? We understand that for many people, it is an important consideration when evaluating a plan that their long-term physician be an available provider.

If you or a dependent has special medical needs, it is essential to scrutinize the health plans under consideration to make sure they offer adequate medical services and providers for that specialty. There can be substantial differences in the benefits offered between policies. A knowledgeable member of our staff can help you analyze these complex policies to make sure you choose the best combination of cost and benefits.

Health Savings Accounts

A Health Savings Account (HSA), matched together with coverage under a qualified high deductible health plan (HDHP), offers individuals and families catastrophic protection, as well as tax savings.The program allows for payment of qualified medical expenses using pre-tax dollars. It also allows for annual maximums, which can be contributed for federal income tax deductibility. These annual maximums are irrespective of deductible choice, increase annually and, if unused, carry forward. A one-time tax free distribution (rollover) can be transferred from an IRA to your HSA, so funds are immediately available to meet your health plan (claims) needs. Rollovers can only be made from Traditional or Roth IRAs, and the transfer is limited to the maximum contribution for the year. For more detailed information, please contact us. We will be happy to discuss the unique benefits of this tax-advantaged plan with you.