Protecting My Family
How can we help?
Pays my beneficiaries when I die.
Pays me if I can't work due to illness or injury.
Pays for my care if I can't take care of myself.
Pays you for the value of a life policy you no longer need.
LIFE Insurance
The Top Questions People Ask Us
If no one depends on you, maybe not. If you have kids, a spouse, a business, a mortgage or other debt, or want to leave an inheritance for someone or a cause you care about, you probably do.
A rule of thumb for the amount you need: your annual, before-tax income times 8 to 10 (or times the number of years left until you retire, if less than that).
That will give you a good idea, but many factors can push these numbers up or down: your age, ages of family members, insurance you may get from your employer – and of course, how much you want things to continue without you. We can help you figure out the right amount.
People are living longer, and technology is driving expenses down and competition up. This means insurance prices have generally gone down. Chances are your current plan could use a checkup. We can run the numbers for you.
Life Assurance 360
Whether you are evaluating existing coverage or seeking new insurance, Monarch Insurance Partners uses a unique five-step process called Life Assurance 360™ to make certain that your policy fits your current needs and continues to serve its intended purpose for the duration of the policy.
By taking a comprehensive, 360° approach to designing, implementing and managing life insurance, we believe that the outcome produced for our clients is better than when each of these steps is addressed in isolation…that the whole is indeed greater than the sum of its parts.
In this step, we use our proprietary Life Assurance Design Questionnaire to educate you about your life insurance options while gathering information about your goals, preferences, and risk tolerance. Additionally, our one-page Pre-Underwriting Questionnaire helps paint a high-level picture of how your medical history may factor into the overall plan design.
Prior to submitting an application, our experienced underwriting team gathers and reviews your medical information and begins clarifying all missing or incomplete details with your physicians to present your case to the carrier(s) in the most favorable light possible. For larger, more complex cases where privacy and confidentiality are paramount, our staff underwriters and licensed physician conduct a private medical evaluation to fully assess your medical risk while protecting your identity from the Medical Information Base (MIB).
After the initial fact finding process and underwriting assessment are complete, our underwriting and marketing teams develop product recommendations based on your goals, risk tolerance, and preferences regarding the five areas of product design: safety, flexibility, equity, certainty, and premium.
After product recommendations are developed, we create meaningful analyses of each plan and present the recommendations in a cogent format that empowers you to make informed decisions.
After you make your choice from among the recommended plans, we initiate an on-going process that monitors and measures the performance of your plan to ensure that your benefits remain on track for the life of the policy. We regularly review the plan’s performance with you using a concise, yet thorough, policy review document.
DISABILITY Insurance
The Top Questions People Ask Us
If you or your family would not miss your paycheck and could afford to care for you while you recovered, then perhaps not.
If you have rent, mortgage, food, utilities, childcare, and other bills that wouldn’t be covered if your pay stopped, then you probably do.
You need enough to cover those bills, minus the amount of any disability insurance your employer provides and any other income or savings you’re willing to use up. We usually recommended getting coverage that equals 60-65% of your before-tax income.
Once they determine that you are disabled, the insurance company pays you directly each month. You can use the money as you wish.
This depends on your policy! Some pay if you are unable to work in your specific occupation. Some pay only if you are unable to work any job. Either way, you typically need to be disabled for 30-90 days before collecting benefits. We can review your work benefits and