Employee Benefits and Public Employees are at the center of R. K. Tongue Co., Inc.’s history dating back to the company’s founding in 1911. Our worksite insurance professionals can assist you in obtaining the insurance you need at surprisingly affordable prices, often through convenient payroll deduction. Ask about R. K. Tongue Co. at work.
Pays a monthly benefit designed to partially or completely replace the income of executive-level employees and officers if they are unable to work. Considering that one’s largest asset is the ability to earn an income, a sickness or injury could eliminate or limit one’s ability to work and destroy their ability to meet their financial obligations and goals. Disability insurance payments are typically triggered by an insured individual’s inability to work due to sickness or injury. The best policies strengthen the definition of inability to work down to one’s own occupation and even a particular specialty.
Operating as an independent broker for disability insurance, we shop the market and bring only the best options to you. We specialize in true own-occupation, own-specialty policies and have the experience and ability to custom tailor a solution to meet your needs.
Offerings Available From:
- Guardian
- Berkshire Life
- The Standard
- Principal Financial
- Met Life
- Assurity
Term Life – Protects your family and assets in the event of your death. Term life insurance is designed to remain level in premium and benefit for a fixed period of time, typically ranging from 10 to 30 years, with terms of duration available at intervals between those increments. This form of life insurance is ideal for the early financial stages of life when debt tends to be high, families tend to be young, and an untimely death is likely to be most devastating to a family’s financial wellbeing.
Whole Life – Capable of protecting your family and assets for the duration of your life using a combination of pure life insurance coupled with the accumulation of cash value and fixed interest on a tax-deferred basis. Permanent life insurance such as whole life is ideally suited for estate and final expense planning.
Universal Life – Another form of permanent life insurance capable of protecting your family and assets for the duration of your life. Universal life uses a combination of pure life insurance coupled with the accumulation of cash value and variable interest on a tax-deferred basis. Most modern universal life policies allow the holder to benefit from increased interest earnings during high interest rate environments while retaining the guarantee of an interest rate “floor” during low interest rate environments. Like whole life, universal life is ideally suited for estate and final expense planning.
Offerings Available From:
- Texas Life
- Prudential
- West Coast Life
- Genworth Life
- Principal Financial
- Guardian
- Berkshire Life
- American General
- AXA
- Banner Life
- …and more
Pays benefits as a result of an insured individual’s inability to perform activities of daily living, i.e. bathing, eating, dressing, toileting, continence, transferring. Long Term Care insurance also responds in the case of cognitive impairment.
The cost of assistance from a skilled nursing care provider can easily cost hundreds of dollars per day. Should one choose to receive care in a skilled nursing facility, those costs can soar even higher. Long term care insurance is designed to fund the type of non-acute care that so many individuals will need during their lifetime. It also allows individuals the freedom to obtain the long term care that they need, on their own terms, without rapidly depleting their assets or forcing dependence on others.
Offerings Available From:
- John Hancock
- Guardian
- Met Life
- …and more
Need life insurance, short-term disability, accident insurance, or a cancer plan? You may be eligible to obtain it at the worksite and pay through payroll deduction. With offerings from Aflac and Texas Life, among others, you can obtain important insurance protection at attractive rates and with easy payment methods. Voluntary Benefits are a great way to fill gaps between your employer-sponsored benefits.