Oswald Companies & Fireman’s Fund present a grant for $6500 to the East Cleveland Fire Department
Oswald Companies & Fireman’s Fund present a grant for $6500 to the East Cleveland Fire Department ...more
The Arc of Ohio helps families prepare for the future with new life insurance program
COLUMBUS, Ohio — The developmental disabilities community in Ohio is made up of more than 330,000 individuals and their immediate families. These families have unique financial needs and often struggle to find life insurance programs specifically designed for them. To help fill this need, The Arc of Ohio has teamed up with Oswald Companies and Nationwide Financial Services, Inc. to offer families of individuals who are developmentally disabled access to exclusive resources, products and guidance to help them plan for the future.
The Arc of Ohio is a non-profit organization that advocates for the rights, dignity and community participation of developmentally disabled Ohioans.
“One in ten Ohioans are intellectually or developmentally disabled and these individuals often need life-long financial support,” said Gary Tonks, executive director of the Arc of Ohio. “We surveyed families and found that many have a difficult time finding life insurance that meets their needs and are unsure of whom they can trust for financial guidance. That’s why we’ve chosen to work with Ohio-based companies that have a history of support for the developmental disabilities community.”
This new life insurance program is designed to help families in several key ways:
Easier access to life insurance products
To make it simpler for families to get life insurance coverage, participants in this program can take advantage of Nationwide YourLifeSM Simplified. This unique product has an easier underwriting process that does not require applicants to undergo medical exams or answer sensitive medical questions. In fact, applicants only need to answer two questions to find out if they qualify for coverage. Nationwide YourLifeSM Simplified can cover individuals who are developmentally disabled or their families and can also be used to cover burial expenses and outstanding debts. All guarantees and benefits of the insurance policy are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company.
“Parents of developmentally disabled children often have different life insurance goals than other families,” said Peter Golato, senior vice president of Individual Protection for Nationwide Financial. “Instead of replacing the income of a major breadwinner, many of these families are looking for coverage that can help ensure that their child will continue to receive the care and support they need after parents or other caregivers are gone. We’re committed to making it easier for families to find coverage that can help them achieve this goal.”
Assessing life insurance needs and costs
Due to their unique financial concerns it can be hard for families of individuals who are intellectually and developmentally disabled to determine how much life insurance coverage they need. Oswald Companies has created a free Basic Life Insurance Calculator to help families estimate the amount of coverage that is right for them.
In addition to determining how much coverage they’ll need, families also want to know how much their coverage will cost. Nationwide Financial’s Premium Costculator can help them figure out the cost of their monthly premiums by entering in some basic information.
Financial guidance and support
Purchasing life insurance is an important decision and it’s critical that families get the help they need. The life insurance professionals at Oswald Companies can help families understand the different options available and determine the best type of coverage for their situation.
“Our team of seasoned insurance professionals are prepared to deliver the support and expertise needed with this groundbreaking program,” said Rob Peirce, business development at Oswald Companies. “We are proud and humbled to provide coverage that helps families meet their insurance needs with ease and peace of mind.”
Getting started
Families can find more information about the program here. This program is only available to qualifying members of The Arc of Ohio.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.
The Arc of Ohio
The Arc of Ohio is a statewide membership association made up of people with intellectual and developmental disabilities, their families, friends, interested citizens and professionals in the disability field. They represent more than 330,000 Ohioans with intellectual and developmental disabilities and their families.
Oswald Companies
Headquartered in Cleveland, Ohio, where it was founded in 1893, Oswald Companies is among the nation’s largest independent, employee-owned insurance brokerage firms. Their advisor teams work collaboratively to provide customized products and counsel to meet the insurance and financial needs of clients.
About Nationwide
Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by A.M. Best1. The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, and long-term savings plans. For more information, visit www.nationwide.com.
1 affirmed March 16, 2011
The ARC of Ohio, Oswald Companies, and Nationwide are not affiliated with each other. While Nationwide may make payments to Oswald Companies based upon sales of policies to The Arc of Ohio members pursuant to a general agent agreement and exclusive marketing arrangement, Nationwide does not otherwise endorse Oswald Companies in any way. The ARC of Ohio does not receive any compensation from Nationwide or Oswald.
Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide YourLife and On Your Side are service marks of Nationwide Mutual Insurance Company.
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