Q1  Does SEFCU offer Insurance Services?

 

A1  Yes, through its wholly owned subsidiary, SEFCU offers a full range of insurance products to its members including: homeowners, renters, automobile, motorcycle, RV & boat insurance. Please contact the SEFCU Insurance Agency at 518-862-1955 for additional information or to receive a confidential quote.

 

 

A2  SEFCU offers the following types of life insurance: 

Universal: Guaranteed and also variable where a portion of your money goes into Mutual funds

Whole Life

Single Premium Life

Wealth Transfer Strategies: Inheritance Builders

 

 

A3  Since the individual needs from person to person vary, it is based on a personal fact finder. The general rule of thumb however is 10 times salary.

 

 

 

 

 

 

A1   Name and dates of birth for all members of the home: Social security number for primary named insured and the following:

 

For Property & Casualty, please have a current copy of your policy information available which is called a Declaration page(s).

 

If this is a new purchase for a home, please have the square footage, year built, type of heating and cooling system (i.e.: oil, gas electric) materials the home is built with, such as: type of exterior siding, type of flooring, wall coverings, is there a pool, shed, fire place, wood stove, any dogs or exotic pets? Any prior claims? What fire department services the home and how far away is it?

 

For vehicle quotes, please provide the year make and model, along with the vehicle identification number and the names and dates of birth for all household members and residents. You’ll also need to provide your physical address and prior coverage information. Your claim and violation history for the last 5 years.

 

 

A2  When you call to receive a Life or Long-term Care quote you should be ready to provide the following information:

Purpose of the insurance

Date of birth

Smoker/non-smoker

Medications

Height & weight

Any family medical history?

How much insurance?

For term:  how long?

 

A3  NY State requires that you carry liability insurance, No Fault insurance and uninsured motorist coverage. However, your finance company may require that you purchase additional coverage to secure a loan.

 

A4  Long-term care is a way of protecting assets in the event of long- term medical needs. It is an important step in any Estate Plan. In order for assets to be distributed, they first need to be protected.  NY State Partnership allows the insured to retain all assets including the family home and still apply for Medicaid extended coverage, therefore maintaining control and dignity.  Pays for care at home, assisted living facility, community care, hospice care and nursing home care.  Plans are put together for individual needs of each member.   

 

Q1  Does SEFCU offer investment services?  

 

A1Yes, SEFCU has Financial Advisors who have access to a full range of investment/insurance products and services to help with your financial plan. Some of the services offered are investing for: 

 

 

 

Q2  What kind of investment services does SEFCU offer?

A2  Whether your aim is building wealth to ensure your children's education or your future retirement, preserving the nest egg you've worked so hard to accumulate or establishing a plan for the distribution of your assets, our Wealth Management team can determine the financial strategy that's right for you. Our Advisors would implement that strategy by using some of the extensive investment and/or insurance products (such as mutual funds, stocks bond, annuities, tax advantage investing, life insurance, long-term care, etc.) to carry out your plan.

 

Q3  How will SEFCU help me with my investments?

        

A3  Our Financial Advisors have the experience and knowledge necessary to give you the guidance to help create the right plan for you.  She or he will help you decide what strategies will help you enhance return and attain your goals, while maintaining a risk level with which are you are comfortable. 

 

Our Financial Advisors can help by sifting through all the many decisions and choices--such as how best to diversify your portfolio, what financial products and services are available, which aspect of your overall plan deserves more attention, what tax implications might be involved and what strategies to employ to transfer wealth to loved ones.