Life Insurance and Long Term Care Insurance

Sumner & Toner Insurance Agency is primarily a Property and Casualty Insurance Agency, but many of our clients approach us for advice and recommendations for other insurance services. Please review the following list of other services and feel free to contact us for a review of your personal or business.



Term Insurance

Because term insurance is relatively inexpensive, it can be a good choice if you can’t afford the permanent life insurance protection you wish to have. Term insurance provides the protection you need now, at a cost you can afford. Over time, however, your insurance needs are likely to change. Inflation, health issues, educational costs, market conditions or any number of other variables may leave you without adequate protection. For this reason, you may need life insurance with the flexibility to provide protection now and in the future.

Permanent Life Insurance

Permanent life insurance provides death benefit protection for life. As long as you pay the premiums, the death benefit will be paid. (This guarantee is based on the claims-paying ability of the issuing company.) Permanent life insurance may have fixed premiums, generally accumulates cash value on a tax-deferred basis and may pay policy dividends. Although more expensive initially than term life insurance, permanent life insurance may, over time, become the least expensive form of life insurance.


Long Term Care

Many people plan for retirement, but few think about what will happen to that plan if they or a loved one were to need long term care. Long term care can range from assistance in performing basic activities of daily living to highly skilled medical care in a controlled environment. Because the risk of needing long term care increases with age, it is important to plan for your care needs now, while you are younger and healthier.

Long term care insurance helps you pay for the long term care services you may require. Without coverage, the major costs associated with these services have the potential to deplete an individual’s or family’s financial resources.


A fixed annuity offers safety of principal and earns a guaranteed interest rate for a specified period of time. It is a low-risk product designed for more conservative investors who, most importantly, don’t want to worry about the ups and downs in the stock or bond markets. It can also be a good choice for investors who don’t want to be burdened with making any complex investment decisions.