New York State Department of Financial Services extends grace periods for certain property/casualty insurance policies.  If you are an individual or small business and can demonstrate financial hardship as a result of the coronavirus pandemic.  
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New York State Department of Financial Services extends grace period and give you other rights under life insurance policy or annuity contract if you can demonstrate financial hardship as a result of the coronavirus pandemic.  Read more.


As we continue to monitor the spread of COVID-19 (coronavirus), the health and safety of our policy holders and staff is our top priority. Based on recommendations from the CDC (Center for Disease Control) as well as the recommendations from the New York State Governor,  SEFCU Insurance Agency has made the decision to temporarily close our offices located at 469 State Street, 3rdFloor, Schenectady and 297 Main Street, Schoharie beginning Friday, March 20th until further notice. 

This temporary closure affects SEFCU Insurance Agency offices ONLY. 

During this time of uncertainty, you can rest assured knowing that SEFCU Insurance Agency will continue to meet the needs of our customers. Agents are available by phone as well as email to service your policies, offer quotes, and answer any of your questions. We will not be staffing our offices or accepting premium payments in person.

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The FAQs of Long-Term Care Planning

Oct 24th, 2017

Why is planning important?
When you live a long life, there is a very high risk you will need some type of long-term care and needing that type of care places emotional, physical, and financial strain on loved ones and family members. That’s why it’s so important to have a plan in place. By incorporating Long-Term Care Insurance into your financial plan you can help to protect your assets and reduce the physical and financial burden that would otherwise fall on family members.  

What are the odds I’ll need care?
According to the American Association for Long-Term Care Insurance, 70% of people who reach age 65 will require long-term care services at some point in their lives1 and the average cost of one year of care is currently $112,000 in upstate New York.

What’s the best age to start planning?
It’s never too early to start planning and it’s best to do it while you’re healthy and have the most options. Changes in health can happen quickly making it nearly impossible to obtain coverage if it’s too late. The average age for new individual Long-Term Care Insurance applicants is 57 which is an age that allows you to qualify for health discounts.

Why is it more important for women to plan? 
67% of all Long-Term Care Insurance benefits are paid to women. This is because women are more often providers of care for spouses and ultimately become the recipients of care. Women also tend to live longer than men and are more likely to need long-term care which is why it is so important for women to plan.

Who can I trust to help me put a plan together?
By working with a certified long-term care specialist with a Certification for Long-Term Care (CLTC) designation, you can rest assured that you are working with an expert who has learned the skills necessary to draft a plan and help you fund it appropriately.

What’s my next step?
Your next step is to start your planning process by meeting with our non-commissioned, Certified Long-Term Care Specialist and Estate Planner, Sheila Cervera. She is available at no cost to assist you with your planning process. She can evaluate your needs and recommend tools and solutions to help you achieve your goals.

Contact Sheila today for your free consultation! 
Email her at scervera@sefcuinsuranceagency.com or call 888-250-6689 x2026


American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook
American Association for Long-Term Care Insurance, 2010 LTCi Sourcebook.
A Woman’s Guide To Long-Term Care Insurance Protection, AALTCI.
American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook. 


For more information or to obtain a free, no-obligation quote please call our team at 518-786-9905 or 888-250-6689 (toll free).