Insurance Services

Life Insurance

Life insurance provides income to beneficiaries in the event of the policyholder’s death. It offers many people peace of mind, but it can also be an important part of a retirement, estate or business plan. Term life, whole life and universal life are the three primary types of life insurance policies available.

Long Term Care Insurance

Long-term care insurance is designed to cover extended care costs not covered by usual health insurance policies, Medicare, or Medicaid. Living assistance, therapy sessions or nursing homes may be qualified costs covered under certain plans.

Disability Income Insurance

Disability income insurance, or “income protection,” insures the policyholder in the case that a disability prevents the policyholder from performing work duties and therefore earning income.

Annuities

Annuities are often used to provide steady retirement income. In exchange for a particular investment or series of investments, and depending on the amount invested, an annuity guarantees income payments when you retire. The amount and frequency of the payments can be tailored to your needs.

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. This information is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).  Insurance products are offered through LPL or its licensed affiliates. The Summit Federal Credit Union and The Summit Retirement and Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using The Summit Retirement and Investment Services, and may also be employees of The Summit Federal Credit Union.  These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, The Summit Federal Credit Union or The Summit Retirement and Investment Services.  Securities and insurance offered through LPL or its affiliates are:

Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value

Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information. LPL Financial Form CRS

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.