Insurance Coverages for Individuals

• Term Life Insurance offers a guaranteed payout for a specified amount if the insured dies within a certain time. There is no benefit beyond the payout. If the insured does not die during the coverage period, it may be possible to renew the policy, convert the policy to permanent coverage, or just let it expire.

• Universal Life Insurance is a form of permanent life insurance that includes an investment savings element and has low premiums. The premium is the minimum amount of money to keep the policy active. Beneficiaries receive only the death benefit, though the insured may possibly reach a point of cash accumulation, from which they can draw funds.

• Whole Life Insurance provides a permanent death benefit for the life of the insured. It also has a savings component that will allow cash to accumulate, that the insured can withdraw or borrow against, or leave it invested to be fully paid to the beneficiary upon death.

Individual disability insurance is a protection against loss of income when the insured is unable to work because of a disability or illness. This insurance will replace a portion of your wages, usually around 60%, to help you get through the time that you are unable to work.

If you are a primary income earner in any profession, it is a good idea for you to look into a disability insurance policy. Many people think these policies are only valuable for service professionals, however, there are also many white collar professionals who want to take advantage of this opportunity to help their families including, dentists, attorneys, surgeons, consultants, engineers and business owners. There are short-term and long-term policies, and we’ll help you determine what is best for your situation.

As we all know, health insurance can be a complex area to navigate. We want to understand your specific needs and restrictions, so that we can get you into the policy that is the absolute best fit for you.

When you are shopping for an individual health insurance plan, there are many variables that you need to take into consideration as you make your decision:

• What type of insurance do you want – HMO (Health Maintenance Organization), EPO (Exclusive Provider Organization), POS (Point of Service plan), PPO (Preferred Provider Organization)?
• Do you want an HSA (Health Savings Account)?
• Are your preferred providers in-network with the plan?
• What will the out-of-pocket expenses look like?
• Are you getting the best benefits?

There is a lot to weed through. We have experience with best and worst case scenarios in each of these plans. Let us help you make the right decision to put your mind at ease.

These policies are used to help you cover out of pocket expenses that your primary policy does not cover. Some policies will pay for expenses associated with your insurance like deductibles and copays. Other policies will give you a lump sum cash payment that you can then use to help cover lost wages, transportation related to the issue and medications.

There are also supplemental policies for specific health conditions. For example, if you have a history of breast cancer in your family, since that has strong genetic markers, you may want to consider a supplemental cancer policy. The monthly cost is fairly low for the extra help it will provide if you need it.

We work with several types of supplemental insurance including, but not limited to:

• Aflac
• Cigna
• Humana
• Aetna

We stand ready to listen to you to learn your particular circumstance and to create a program that works for you. Don’t put it off, reach out today!