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Dental
Dental Insurance is a plan of insurance that covers routine check-ups, x-rays, fillings, fluoride treatments, caps, bridges and other dental care as outlined in the policy. Dental plans may include orthodontic care, however, most do not. Dental plans are much the same as major medical in that they have a deductible and co-payment amount. They are different in that they have a maximum annual amount that they will pay in any one calendar year. Most plans also have a waiting period before major benefits can be used.
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Medical Bridge (Gap) Plans
Can you afford the out-of-pocket costs not covered by your health insurance?
As major medical plans move toward larger deductibles and higher co-payments, you may be left with more gaps to fill. Hospital Confinement Indemnity (Medical Bridge) insurance plan can help you fill those gaps and help protect against those out-of-pocket expenses that occur when it comes to you or your family members' health care.
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Short Term Disability
Disability Income Insurance is an insurance policy that pays a percentage of lost wages when the insured becomes disabled due to illness or injury and can no longer perform the duties of their employment. The amount of benefits is determined before the policy is issued and is based on the vocation and salary of the insured. These plans can be designed to pay for a certain period of years, until age 65 or for the lifetime of the insured.
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Long Term Disability
Disability Income Insurance is an insurance policy that pays a percentage of lost wages when the insured becomes disabled due to illness or injury and can no longer perform the duties of their employment. The amount of benefits is determined before the policy is issued and is based on the vocation and salary of the insured. These plans can be designed to pay for a certain period of years, until age 65 or for the lifetime of the insured.
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Accident
Accidents happen in places where you and your familiy spend the most time-at work, in the home or during sports and leisure activities.
Most traditional insurance doesn't cover every medical expense, leaving you to pay out-of-pocket expenses such as deductibles, office visit co-payments, and transportation and lodging costs. Can you afford to pay all the costs related to caring for an accidental injury?
Accident Insurance is designed to help see you through the different stages of care, this plan provides benefits for initial care and treatment, in addition to the follow-up care you may need.
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Cancer
Cancer Insurance is a plan of insurance coverage that covers only care and treatment for cancer. Although limited to cancer treatment, these policies are very helpful to assist with expenses not covered by traditional medical plans such as deductibles and co-payments or travel to and from a cancer treatment facility. Most current plans include transportation benefits as well as housing benefits for the patient and a family member. Some cancer policies pay benefits based on a fee schedule as it is related to the actual cost of services rendered. Other plans pay a lump sum benefit upon the first diagnosis of cancer. This lump sum benefit ranges from $10,000 to $50,000 depending on what the insured chose when the policy was issued.
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Critical Illness
The survival rates for many illnesses are increasing, but surviving often means more treatment and higher costs. Treating cancer or other critical illnesses can take months, even years. As you can imagine, the costs can be high. Major medical insurance may not provide enough benefits to pay for expensive treatment approaches and new technologies needed for recovery.
Would you be able to meet your financial obligations if a critical illness should strike?
Even those of us who plan for the unexpected with life, disability and medical insurance may discover that some expenses can still remain unpaid. The benefits you receive from Critical Illness insurance can help provide financial protection, whatever your situation. Here are some examples of how the benefit can help you:
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Term Life
Term insurance protects you for a period of time specified within the policy. Premiums are relatively inexpensive when you are younger, but each time you renew the term, premiums will increase to reflect your age and health at that time. Many policies require that you present evidence of insurability at renewal to qualify for the lowest rates. Many are also convertible to permanent life policies -- whole or universal -- when you are able to afford the premiums required for a cash value policy.
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Whole Life
Whole life insurance is a form of permanent insurance that can provide life-long protection for you and security for your beneficiaries. In any permanent policy, there are some common features:
- You can cancel or surrender a policy in whole or part and receive cash in a lump sum equal to the current cash value, which increases as you pay premiums.
- If you need to stop paying premiums, you can use the cash value to continue your current insurance protection for a specified time.
- You may be able to borrow from the policy, using your cash value as collateral. You must repay the loan with interest or your beneficiaries will receive a smaller death benefit.
Whole life is the most common form of permanent life insurance. The premiums generally remain constant over the life of the policy and must be paid periodically in the amount indicated in the policy.
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Universal Life w/Long Term Care Rider
Universal Life insurance is a form of insurance that can provide life-long protection for you and security for your beneficiaries. In any cash value policy, there are some common features:
- You can cancel or surrender a policy in whole or part and receive cash in a lump sum equal to the current cash value, which increases as you pay premiums.
- If you need to stop paying premiums, you can use the cash value to pay premiums and continue your current insurance protection for a specified time.
- You may be able to borrow from the policy, using your cash value as collateral. You must repay the loan with interest or your beneficiaries will receive a smaller death benefit.
Universal Life gives you the flexibility, after payment of your first premium, to pay premiums at any time in any amount, subject to certain minimums and maximums. You can also reduce or increase the death benefit more easily than with a whole life policy.
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