Life, Health & Disability
Health Insurance:
Traditional Health Insurance plans There are
so many types of health insurance whether you
are seeking lower-cost health insurance,
experienced a recent change in employment or
family status, or are self-employed, your family
needs some type of coverage, such as Co-pay
plans, Health Saving account Plans, or high
deductible plans.
Short Term (Health) Medical Insurance:
Not everyone needs long-term health coverage.
- Recent graduates;
- Seasonal employees;
- Those waiting for employer benefits to
take effect ; - There are so many different reasons
why people need temporary health
insurance coverage.
Disability Insurance:
Disability benefit program provides income
replacement if the employee cannot work. We
normally purchase insurance to pay for
hospital and accidents, but we normally do not
purchase insurance to cover our income, or
pay check. Disability insurance helps pay your
normal house hold bills when you need it the
most, when you are sick, injured and out of
work.
Short-term disability is for a temporary period
of disability, usually not exceeding one
year These plans can provide up to first-day
coverage for disability due to off-the-job
accidents (no elimination period) and a seven-
day elimination period for disability doe to
sickness.
Long–term disability is for a significant period
of disability, having benefit periods of either life
of age 65, when an individual normally
qualifies for Social Security benefits. These
plans usually have long elimination period
(typically ranging from 90 days to one year),
meaning the likelihood of use is fairly low
compared with short-term plans, these plans
typically integrate (coordinate) with other
disability benefits such as sick pay, state
disability programs, and any short-term plans
the employee may have.
Life Insurance: Life Goes On
"Term" vs " Perm"
Term insurance – this is the simplest and most
affordable form of life insurance. Coverage is for a
specific benefit amount for a specified period. Term life
covers you for a limited period. Normally 10, 20 or 30
years. it pays a death benefit if you die within that term
period. There is no investment component
Whole Life – Life insurance that is kept in force for a
person’s whole life as long as the scheduled
premiums are maintained. All whole life policies build
cash values. Whole life policies are guaranteed as long
the scheduled premiums are maintained. Participating
whole life policies pay a dividend that could vary
depending on how well the insurance is doing. If the
company is doing well and the policies are not
experiencing a higher mortality than projected,
premiums are paid back to Policyholders in the form of
dividends. Policyholders can use the cash from
dividends in many ways it can be used to pay for term
insurance.
Universal Life – The employee decides how much to
put in over and above a minimum premium. The
insurance company chooses the investment vehicle,
which is generally restricted to bonds and mortgages.
The investment and the returns go into a cash-value
account, which can be used against future premiums or
allowed to accumulate. A variation of the universal
policy, universal variable life, allows policyholders to
choose investment vehicles.
Variable life –With a variable life policy, there is usually
a wider selection of investment products, including
stock funds. As with a universal policy, returns on
investments can offset the cost of premiums or build in
the account. Depending on the type of policy,
beneficiaries will either receive the face value of the
policy or the face value plus all or part of the cash
account.
"Term" vs " Perm"
Term insurance – this is the simplest and most
affordable form of life insurance. Coverage is for a
specific benefit amount for a specified period. Term life
covers you for a limited period. Normally 10, 20 or 30
years. it pays a death benefit if you die within that term
period. There is no investment component
Whole Life – Life insurance that is kept in force for a
person’s whole life as long as the scheduled
premiums are maintained. All whole life policies build
cash values. Whole life policies are guaranteed as long
the scheduled premiums are maintained. Participating
whole life policies pay a dividend that could vary
depending on how well the insurance is doing. If the
company is doing well and the policies are not
experiencing a higher mortality than projected,
premiums are paid back to Policyholders in the form of
dividends. Policyholders can use the cash from
dividends in many ways it can be used to pay for term
insurance.
Universal Life – The employee decides how much to
put in over and above a minimum premium. The
insurance company chooses the investment vehicle,
which is generally restricted to bonds and mortgages.
The investment and the returns go into a cash-value
account, which can be used against future premiums or
allowed to accumulate. A variation of the universal
policy, universal variable life, allows policyholders to
choose investment vehicles.
Variable life –With a variable life policy, there is usually
a wider selection of investment products, including
stock funds. As with a universal policy, returns on
investments can offset the cost of premiums or build in
the account. Depending on the type of policy,
beneficiaries will either receive the face value of the
policy or the face value plus all or part of the cash
account.
Health, Life, & Disability
| Garth, We Care 4 U Insurance mascot, black Great Dane kissing patients in a nursing home |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| We Care 4 U Insurance Office: 610-588-0803 Cell: 201-919-5907 Fax: 610-588-5039 e-mail: wecare@epix.net We Do Business the 'Old Fashioned Way' |
| When a loved one dies, it can be traumatic. What would happen if funds were not available for the final expenses and the family could not continue there normal lifestyle? |
