Life
Insurance
The following are some of the basic types of life insurance available.
Term
Insurance
The
simplest form of insurance where you purchase coverage for a specific
price for a specified period. If you die during that time, your beneficiary
receives the value of the policy.
Whole
Life
Premiums remain level throughout the life of the policy, and the company
invests at least a portion of your premiums. Some firms share investment
proceeds with policyholders in the form of a dividend.
Universal
Life
You
decide how much you want to put in over and above a minimum premium. The
company chooses the investment vehicle, which is generally restricted
to bonds and mortgages.
Health
Insurance
An individual or family health insurance plan covers one person, or a
family, on one plan. Most insurance companies offer the same types of
managed healthcare plans to individuals that are offered to groups: HMO's
(Healthcare Maintenance Organizations), PPO's (Preferred Provider Organizations)
and POS's (Point of Service Plan), and generally offer different levels
of deductible to keep premiums within budget.
Dental
Insurance
Some plans allow you the freedom to choose your own dentist, while others,
in exchange for lower rates, limit your choice. Today's health insurance,
including your dental plan, is designed to help you get the care you need
at a reasonable cost.
Contact
us today to evaluate your dental insurance needs and we will work to find
the plan the best fits your budget.
Disability
Insurance
Most disability policies have a fixed monthly benefit that does not increase
with time, although you can purchase extra coverage, or riders, that offer
higher payment schedules
The
second variable is the definition of disability - whether it is "own
occ," or the inability to perform the duties of your specific occupation,
or "any occ," the inability to perform the duties of any job
for which your education and training make you qualified.
The
third variable is the waiting period, or the amount of time you must be
disabled before benefits kick in. The longer you wait the less your disability
policy will cost.
The
fourth variable is the benefit period, or how long you will receive monthly
benefits once your policy starts paying.
Long Term Care Insurance - LTC
Long term care is something you may need if you can no longer perform
everyday tasks by yourself. You can receive this care in a variety of
settings, including your home, an assisted living facility or a nursing
home.
|