Life & Health Insurance
Every individual has their own financial circumstances, we offer life and health insurance customized to your needs.
Term insurance is the most basic type of life insurance. This type of policy is in place for a specific period or term. These policies usually range from 1-30 years, where if the policyholder passes during that term- the beneficiary will receive the benefits. However, if the policyholder passes after the term, there is no payout. Term Insurance policies can usually be converted to a permanent policy during the term period.
For any Term Insurance questions, please contact us directly at 866-281-LIFE (5433).
Whole Life insurance is permanent life insurance coverage that provides a guaranteed death benefit along with guaranteed cash values. A portion of the premium paid is applied to the cash value of the policy. This cash value has an account which grows on a tax-deferred basis. The premiums are set at a certain amount and they do not change. There are factors that determine the amount of coverage and the premium, such as age of the insured. The cash value can be borrowed against by the insured and the policy providers coverage for as long as the insured lives, as long as the policy is still active.
For any Whole Life Insurance questions, please contact us directly at 866-281-LIFE (5433).
Universal Life insurance is very similar to Whole Life insurance, except that the benefit amount can be increased or decreased without needing a new policy.
For any Universal Life Insurance questions, please contact us directly at 866-281-LIFE (5433).
Survivorship Life insurance covers two people and benefits are paid out when both have died. This is a good option for those who have a sizable estate you want to help protect.
For any Survivorship Insurance questions, please contact us directly at 866-281-LIFE (5433).
Disability insurance will provider income in the event a worker is unable to perform their work or earn money due to a disability. There are two different types of disability insurance; short-term and long-term. Short term offers workers a portion of their salary if they are unable to work for a short period of time (typically 1-3 months). Whereas Long term offers a portion of the salary if they are unable to work over a long period of time (generally over 6 months). If you have a family, this may be an option you may want to consider since most people think they have disability through their employer, the coverage may not be fit for your needs.
For any Disability Insurance questions, please contact us directly at 866-281-LIFE (5433).
Long Term Care
Long-term Care Insurance is specifically designed to cover costs of care that may be required at facilities for a long period of time and are typically not covered by medical insurance. Costs such as nursing homes, assisted living, home health services or other long-term services are included in Long-term Care.
For any Long-Term Insurance questions, please contact us directly at 866-281-LIFE (5433).
An annuity is a financial product that pays out a fixed sum of payments to an individual. This product is primarily used for retirees to aid in a steady stream of finances after you have retired. There are two different types of annuities, immediate payment and deferred. Immediate payment annuities allow for payments to begin immediately after the payment of a lump sum, whereas the deferred income do not start payout until after the initial investment and usually has a specific age to when the payout will begin. This age is determined by the client.
For any Annuities questions, please contact us directly at 866-281-LIFE (5433).
Group Health Insurance
Group Health Insurance coverage is a policy that is purchased by an employer and offered to eligible employees. A group health plan is a vital component of an employee’s benefits package.
The Affordable Care Act requires that even small group plans offer coverage that meets certain standards. These standards are usually represented by platinum, gold, silver, and bronze.
- Platinum coverage- the most expensive and are meant to pay about 90% of medical expenses
- Gold coverage- designed to cover about 80% of medical expenses
- Silver coverage- designed to cover about 70% of medical expenses
- Bronze coverage- designed to cover about 60% of medical expenses
For any Group Health Insurance questions, please contact us directly at 866-281-LIFE (5433).