Health insurance is a type of insurance coverage that pays for your medical, surgical, and sometimes prescriptions expenses incurred by the insured.  Finding the right health insurance can be frustrated and confusing.  If you and/or your family do not currently have health insurance and do not know what options are available, please contact us for a free consultation.     

 

Life Insurance

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Life insurance is not a fun topic, but it is a critical part of your financial planning.  People do not often talk about it and most do not understand it.  Life insurance does not only insure your life.  It ensures your family’s ability to continue without being financially devastated. 

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Did you know that most life insurance requires medical exams, blood tests, and/or health records before a policy is issued?  A lot of people are not insurable and may not know it.  Some policies can be issued without a medical exam or with limited medical questions.  These forms of “guaranteed” policies typically charge higher premiums and are only available on lower coverage amounts. 

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Life insurance is beneficial not just for the death benefit.  With living benefits, the insurance can be more flexible to provide much needed money at critical times.  There are tax advantages of life insurance including tax-free death benefit, tax deferred earnings, tax-free withdrawals, and tax-free loans.  At the end of the day, when you must decide, whatever you buy, you should buy what you need and what you can afford. 

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Do you have a life insurance policy and do not understand it?  Do you understand the difference between term insurance and permanent life insurance?  Is your life insurance convertible?  Is your policy renewable?  We would be happy to sit down and review your policy with you and/or explain the difference between the type of life insurances.  Contact us for a free consultation.