GCPA Products & Services

Grand Canyon Planning Associates offers a complete mix of products and services that may help you achieve a secure future.

Estate Planning

Whether your estate is large or small, you can save you and your family a lot of expense, time, and heartache with the proper estate planning documents. Through estate planning you can determine:

• Who will manage your assets for your benefit should you be unable to do so yourself.
• When and if it makes sense to distribute a portion of your assets during your lifetime.
• Who will manage your assets and handle the distribution after your death.
• How your personal care will be managed and who will make health care decisions for you should you become incapacitated.
• Who you wish to care for your minor or disabled children in your absence.

We can help you determine which estateplanning tools are best suited for your unique situation. We can also assist with the preparation
of a variety of documents including:

• Living Trusts (Revocable and Irrevocable)
• Powers-of-Attorney
• Last Will and Testaments

Retirement Planning

Many people spend more time planning their vacation than planning for retirement. Whether you are planning to retire soon, or already retired, it
is important to understand how long your retirement funds will last. It may mean the difference between working several years longer
than you wanted versus living the type of retirement you’ve been dreaming about. There are certain options, restrictions and risks that
should be considered when funding your 401K, IRA or Roth IRA. It is also important to consider whether:

• You need to manage your risk.
• You need to create an income you can count on for life.
• You need to provide for a spouse.
• You have funds designated for beneficiaries.
• You have adequate liquidity to provide for an unforeseen illness.
• You have adequate liquidity.

We can help you evaluate what you already have to determine the financial solutions that best fit your situation. Together we can also develop a plan to help you reach your retirement goals, step by step.

Life Insurance

Life insurance is a critical component to any financial plan. Primarily it protects your family and loved ones from hardship by creating the necessary liquidity needed to continue a comfortable standard of living in the event of an untimely death.

Additionally, life insurance can be used as an effective tool to generate wealth for heirs, beneficiaries and charitable organizations.
Life insurance offers one of the best returns on your investment dollar available in the market today. Other useful benefits can include:

• 100% Tax-Free Income
• Guaranteed Interest Growth
• Accelerated Death Benefits
• Flexible Premium Plans
• Estate Tax Protection

Medicare Supplement Insurance

Medicare Supplement Insurance, also known as “Medigap” insurance, provides supplemental health insurance coverage for Medicare beneficiaries. Individuals in the “original” Medicare program may want to obtain Medicare Supplement insurance because Medicare often covers less than the total cost of the beneficiary’s health care.

Medicare is divided into two coverage components, Part A and Part B. Both programs have gaps in coverage that may be covered by supplemental insurance. Some of the services that are not reimbursed by Medicare are:

• Hospital coinsurance payments
• Hospital services beyond 150 days per spell of illness
• Part A or B deductible
• Balance billing above the Medicare-approved charge (many physicians and providers charge more than the amount Medicare approves)

Long-Term Care Insurance

Statistics show that 60% of people over the age of 65 will require some sort of Long-Term Care for treatment of a prolonged physical illness, disability or cognitive impairment (such as Alzheimer’s or dementia). Since Medicare is not designed to cover these types of long-term care expenses, it is important to consider purchasing long-term care insurance to conserve your hard-earned savings if you should require:

• Personal/home health assistance
• Skilled in-home nursing care
• Adult day care
• Apartment Style Assisted living facilities
• Nursing home care
• Hospice Care

We offer a variety of Medicare Supplement and Long-Term Care Insurance Plans for you to choose from, and we can help you determine which plans are the best fit for your individual circumstances.

Grand Canyon Planning Associates works with several major providers to offer you a variety of estate and financial planning solutions.  These are just a few: