Life Insurance & Supplemental Health can provide additional piece of mind and financial stability.
Life insurance gives you piece of mind knowing that your loved ones will have financial security after you’re gone. You pay a monthly premium, and if the unexpected happens, your loved ones get a death benefit they can use to pay medical bills, funeral expenses, mortgage, college tuition, and living expenses.
Life Insurance Options
- Term Life Insurance coverage lasts for a specific “term” that you choose, usually 10, 15, 20, or 30 years. During that time, your life insurance premiums are guaranteed not to increase. If you pass away during that time period, your beneficiaries get a cash death benefit. If you live longer than the term period, you have the option to continue yourlife insurance coverage for an annual renewable premium, which is generally much higher. You can usually convert a term life insurance policy to a permanent life insurance policy without getting a new medical exam.
- Permanent Life Insurance policies are meant to last your entire life (as long as you make the required premium payments). Additionally, part of the money you pay into your permanent life insurance policy is set aside in an account where it can grow cash value that you can tap into later in life. There are several types of permanent life insurance, each with different advantages.
Supplemental Health Insurance is designed to kick in right when you need it most. It is a fact that medical bills are the leading cause of bankruptcy in America.
If you find yourself in this kind of situation, supplemental health can help your family stay out of debt and keep your current standard of living.
What does it cover?
- It helps with expenses that might not be covered by worker’s compensation or your regular health insurance, like deductibles.
- It helps with sending your child to daycare.
- It helps f you need to pay to travel a long distance to get the best possible care.
- Depending on the policy you choose, it could also cover monthly bills while you’re out of work and other aspects of daily life.
- It fills in the gaps or gives you more coverage for certain needs (like cancer, accidents, or hospital indemnity).
Call today to schedule a time to meet with Tanya and see what options are best for your needs.