A Medicare Supplement policy is senior health insurance sold by private companies to expand health coverage for seniors where the Original Medicare Plan coverage falls short, such as co-pays and deductibles for doctor visits, hospitalization and other medical services. Seniors pay a monthly premium but have few additional out-of-pocket expenses.
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Final expense insurance, also known as "burial" or "funeral" insurance, is a life insurance policy with a low face value, from $2,000 to $50,000, that your clients can buy when they reach the age of 50. Policyholders can name any beneficiary, typically a family member, who would make the claim and receive the money upon the policyholder's death. The beneficiary is then responsible for using the money to carry out the policyholder's wishes.
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Term life insurance offers competitive premiums as it only covers specific periods of time. Clients select the term length they need as well as the coverage, or face, amount of the policy. For example, a client can choose a 25 year term life policy, in order to maintain your family's standard of living until your children are out of school.
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Universal Life Insurance is a flexible-premium, adjustable benefit life insurance policy that accumulates account value. The flexibility of this policy allows you to change the amount of insurance as your needs for insurance change. The death benefit is tax-free and growth in account value is tax-deferred.
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Whole life insurance has been around for generations, providing security and financial growth for families throughout their lifetimes. In addition to paying a death benefit, Whole Life is also a value builder. Clients can access the cash values that accumulate in the policy during their lifetime to fund vital needs such as a college or a new house.
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Long Term Care Insurance provides additional coverage for both medical and non-medical services. Unlike Medicare, LTCi helps pay for costs associated with daily living activities usually provided in a patient's home, nursing home, or assisted living facility.
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Short Term Care Insurance allows for planning and critical financial decisions or arrangements between an incident and Long Term Care if necessary. Created especially for the Boomer generation, Short Term Care Insurance is an innovative product bringing piece of mind to families in times of crisis.
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Senior Health insurance provides supplemental benefits like cancer insurance, heart/stroke insurance and hospital indemnity insurance. The benefits are paid directly to your client to provide immediate benefit and lessen financial strain.
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Annuities provide the security of a "lifetime income" for your clients. After they have paid into the annuity for a period of time they will begin to receive regular payments that will be a steady stream of income to supplement their Social Security. Also, annuities have great tax benefits. Benefits are tax deferred until your client starts to withdraw.
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