HEALTH INSURANCE:
The health insurance market today is divided into different segments. Some are more specialized in their coverage and others are more comprehensive. The more comprehensive and inclusive the policy is the higher the premium will be. Until recently, co-pay plans have been the traditional policy of choice. Now the latest concept in individual health insurance is health savings accounts.
With a co pay plan you pay a designated amount each time you go to the doctor. Health savings accounts are a completely different concept and are becoming very popular. The reason is that the insured has more control over how their insurance dollars are spent. Also, the cost of the policy may be much less than co-pay plans. For more information on health plans call and make an appointment to come in and talk to our health care specialist.
Life Insurance:
Life insurance is a term we don't like to think about, because someone has to die to benefit from it, but it is an essential part of financial planning. The money provided by life insurance can help ensure that your family is not burdened with debt after you die. There are four types of life insurance that we can write:
- Term Life Insurance
- Term Life Return of Premium
- Whole Life
- Universal Life
Term life return of premium is becoming more & more popular. It works just like regular term life insurance except for one very important thing. If you do not die during the policy term, you receive your entire premiums back. So everything you paid in over the term comes back to you. The great thing is that it is not much more expensive than regular term life insurance.
When you buy life insurance, you need to decide what type of policy fits your needs and your pocketbook. We have access to over 50 of the top, most competitive companies. Here are just a few:
- First Colony Life Insurance Company
- AIG Life Insurance Company
- Banner Life Insurance Company
- United of Omaha Life Insurance Company
- Metropolitan Life Insurance Company
- Prudential Life Insurance Company
- John Hancock Life Insurance Company
Disability Insurance:
For some reason, the majority of working class people in this country today believe that they are much more likely to die than to become disabled. The facts are that one in every five people between the ages of 35 and 65 will become disabled for at least five years.
What would happen to your family if your income was taken away for five years?
Disability insurance is customized to meet your specific needs. Make an appointment to come in and discuss the benefits that you would need.
Long -term care:
Long-term care insurance is the fastest growing type of insurance currently being sold in the US today. Why? Current studies have shown that over one-half of women and close to one-third of the men in this country, 65 years of age or older, will either enter a nursing home or will need some type of long term care. This care may include things such as eating, bathing, dressing and toileting, just to name a few. The cost of this kind of assistance can be expensive and become quite a burden on family members, physically and financially. Also, these types of coverages are generally not covered by Medicare Supplemental Insurance.
Everyone needs to consider all these expenses when planning for your financial future. Another thing to consider is that the older you get the more expensive these coverages become.
For Olive Branch health insurance, Southaven health insurance or if you live anywhere in the surrounding areas, please give us a call for a free quote and consultation. You may also go to the request a quote tab and we will be glad to call you.