In addition to helping clients with their finances, John Savadjian is also an experienced insurance broker who helps people find the right policies to protect their personal assets and their businesses.
After decades in the insurance industry working with Prudential, John has developed an understanding of the business that is second to none. His industry knowledge means he understands the intricacies between different insurance plans and how to match them up with his clients.
Personal Insurance
Choosing the right insurance plan at the right price is usually more complicated than many people anticipate. Indeed, many studies show that people often select less than optimal plans when left to their own devices.
Personal insurance applies to policies purchased for personal or family protection instead of for business of property interests. For example, most people purchase home and auto insurance for themselves. Among the following are different kinds of personal insurance policies John Savadjian has purchased for clients throughout his long career.
After decades in the insurance industry working with Prudential, John has developed an understanding of the business that is second to none. His industry knowledge means he understands the intricacies between different insurance plans and how to match them up with his clients.
Personal Insurance
Choosing the right insurance plan at the right price is usually more complicated than many people anticipate. Indeed, many studies show that people often select less than optimal plans when left to their own devices.
Personal insurance applies to policies purchased for personal or family protection instead of for business of property interests. For example, most people purchase home and auto insurance for themselves. Among the following are different kinds of personal insurance policies John Savadjian has purchased for clients throughout his long career.
- Disability Insurance – Disability insurance compensates an individual and their family if he or she becomes injured or unable to perform their job. In other words, disability insurance covers the beneficiary’s earned income against the possibility that a disability will prevent that person from working. Therefore, it includes things like paid sick leave and short-term and long-term disability benefits.
- Life Insurance – Term life insurance covers an individual for a certain time period. It is designed mainly to protect dependents in case that person dies prematurely. Consequently, the policy only pays out if the covered individual dies within the specified term.
Whole life insurance, on the other hand, provides coverage for the lifespan of the covered person. In addition, it also has a cash value which grows in a tax-deferred account. Another benefit is that the policyholder can borrow against this money or surrender the policy for cash. John Savadjian has purchased both term and whole life insurance policies for clients, depending on their particular needs. - Long-Term Care Insurance – This type of insurance helps people pay for the kind of care that is not covered by health insurance, Medicaid, or Medicare. Generally, long-term care covers healthcare costs that go beyond a predetermined period. People who need long-term care are usually not sick. Instead, they have difficultly performing average daily activities such as dressing, bathing, walking, and eating.