Auto, Home, Life
and Health Insurance
Health Insurance
The Health Insurance Marketplace (“Marketplace”) is a federally operated insurance marketplace (or exchange) where individuals and small businesses shop for and compare health coverage. Any individual or family may buy coverage in the Marketplace. For those who do not want to purchase in the Marketplace, coverage will continue to be sold outside of the Marketplace during open enrollment. Plans sold outside of the Marketplace may be purchased through a licensed agent or directly from a health carrier. However, the advanced premium tax credit (“APTC”) and cost-sharing reduction (“CSR”) benefit are only available to those who qualify and purchase a health plan in the Marketplace. Because purchasing health insurance is one of the most important decisions you will ever make, determining which plan is best for you and your family requires a sound, independent assessment from a qualified professional. To decide which plan is best for you, it is important to consider whether you qualify for lower premiums, lower out-of-pocket costs, etc. Our office is here to help you through this process.
Life Insurance
When people think of life insurance they typically think of term insurance: Paying a fixed premium on a monthly basis for a guarantee* from an insurance company to pay a fixed amount of money to one’s beneficiaries. While everyone should have life insurance, the industry has evolved and created cutting-edge and versatile products that not only provide a death benefit, but also accumulate cash value. Examples include whole life insurance, universal life insurance, and variable life insurance. Each type has its own unique characteristics and traits, but the goal for each is to provide your loved ones with a sense of financial security should you die prematurely and also accumulate as much cash value as possible for you to tap into on an income-tax-free basis. More and more people are buying cash value life insurance because of the tax efficiency it offers.
*Guarantees are based solely on the financial strength and claim-paying ability of the issuing company and compliance with product requirements
Auto Insurance
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.
Auto insurance provides coverage for:
Property – such as damage to or theft of your car
Liability – your legal responsibility to others for bodily injury or property damage
Medical – the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses
Basic personal auto insurance is mandated by most U.S. states, and laws vary. Auto insurance coverages are priced individually (a la carte) to let you customize coverage amounts to suit your exact needs and budget.
Policies are generally issued for six-month or one-year timeframes and are renewable. The insurance company sends a notice when it’s time to renew the policy and pay your premium.
*Guarantees are based solely on the financial strength and claim-paying ability of the issuing company and compliance with product requirements
Home Insurance
Homeowners insurance is made up of coverages that may help pay to repair or replace your home and belongings if they are damaged by certain perils, such as fire or theft. It may also help cover costs if you accidentally damage another person’s property or if a visitor is injured at your home.
