LIFE INSURANCE

We all wish that we were invisible, but the reality is that life throws us unexpected twists and turns.  Having insurance for both your health and your life not only protects you, but it also protects the people that you care for.  There are a lot of options when it comes to your, long-term and life insurance programs:

  • Fee-for-service Health Insurance
  • Managed Care Health Insurance
  • Long-term Care
  • Disability Insurance
  • Term Life Insurance
  • Permanent Insurance

It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals.  In most health and life insurance policies, the type of insurance coverage depends on a temporary plan or a permanent plan.

For example, you may want certain life insurance policies to be in place until your children graduate from college.  You may also change careers, and with that, you’ll need to change the type of disability insurance needed.

Remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified life insurance professional.

Types of Health Insurance

  • Fee for Service - Plans that assume the medical professional will be paid a fee for each service provided.
  • Managed Care - Plans provide comprehensive health services and offer financial incentives to patients who use their preferred providers in the plan.

Types of Disability Insurance

  • Short-Term Disability - Has a waiting period of 0-14 days with a maximum. benefit period no longer than two years
  • Long-Term Disability - Has a waiting period of several weeks to several months, with a maximum benefit period ranging from a few years to the rest of your life.

Types of Life Insurance

  • Term Insurance - Designed to meet temporary needs and provides protection for a specific period of time. Benefits are typically paid only if you die during the term.
  • Permanent Insurance - Provides lifelong protection, as long as you pay the premiums. Permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

Health Insurance Quote

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Life Insurance Quote

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Insurance Glossary

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ADDITIONAL INSURANCE POLICY OPTIONS

  • Additional purchase options when needed
  • Coordination of benefits
  • Cost of living adjustments (COLA)
  • A residual or partial disability rider (disability insurance)
  • Return of Premium (disability insurance)
  • Waiver of premium provision (disability insurance)

CONTACT AN EFM&A LIFE INSURANCE SPECIALIST

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