Health Insurance

Health insurance is an insurance policy covering a person’s medical , hospital, and emergency care according to the terms of the health insurance policy.  It is often offered with a variety of additional benefits.  Health insurance policies generally do not have long term rate guarantees.  The benefits and rates generally vary according to the health insurance policy.  Individual health insurance policies generally covers individuals and their families.  Group health insurance is often provided through an individual’s employer.  Individuals and their spouses and children are often covered by health insurance. For information on different types of health insurance click the links below:

Individual Medical Insurance

Group Medical Insurance

Health Savings Accounts

Medicare Supplement

Short-term Medical Insurance

Student Medical Insurance

International Medical

Life Insurance

Life insurance can be a valuable asset to your mix of insurance coverage, especially if you have loved ones who depend on your income. At the very least, life insurance can cover outstanding debts and funeral costs, which can be significant. Life insurance is an agreement between you (the insured) and an insurer. Under the terms of a life insurance contract, the insurer promises to pay a certain sum to someone (a beneficiary) when you die, in exchange for your premium payments. The most common reason for buying life insurance is to replace the income lost when you die. When you die, and your paychecks stop, the life insurance proceeds can be used to continue to support the family members you’ve left behind or to pay off any debts you leave behind for example, mortgages, car loans, medical bills, and credit card debts.

Life insurance can also be used to help create an estate for your heirs. After your debts and expenses are paid, there may not be much left over for your family. Life insurance can automatically provide assets for them after your death, and may help avoid or reduce exposure to estate taxes.

Term Life Insurance

Whole Life Insurance

Universal Life Insurance

Long Term Care Insurance

Long-term care goes beyond medical care and nursing care to include all the assistance you could need if you ever have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time. You can receive long-term care in a nursing home, or in your own home, in the form of help with such activities as bathing or dressing. Long-term care can be of help to a young or middle-aged person who has been in an accident or suffered a debilitating illness. But most long-term care services are used by older people.

This year about seven million men and women over the age of 65 will need long-term care. By the year 2005, the number will increase to nine million. By the year 2020, 12 million older Americans will need long-term care. Most will be cared for at home; family members and friends are the sole caregivers for 70 percent of elderly people. But a study by the U.S. Department of Health and Human Services indicates that people of age 65 face at least a 40 percent lifetime risk of entering a nursing home. About 10 percent will stay there five years or longer. The odds of entering a nursing home, and staying for longer periods, increase with age. In fact, statistics show that at any given time, 22 percent of those age 85 and older are in a nursing home. Because women generally outlive men by several years, they face a 50 percent greater likelihood than men of entering a nursing home after age 65. You cannot predict what kind of care you might need in the future, or know exactly what the costs will be. But since you may have long-term care expenses, you need to know if long-term care insurance is appropriate for you.

For more detailed information regarding long term care insurance.