Tuesday, December 7, 2010
Tuesday, May 25, 2010
Life Insurance Policy Types
Life Insurance is one of the most important life decisions you may make. Most people don’t like to think about having to buy life insurance because it means that they are deceased and they personally get no benefit from it, but this is not true at all, life insurance if done right can be a great investment tool for you and your family.
There are many life insurance products to choose from such as Term Life Insurance, Universal Life Insurance, Whole Life Insurance, Final Expense Policies and Annuities can also be considered a life insurance product. All of these give you different levels of protection and we will go over each of them separately.
Term Life Insurance is the simplest of all these and is probably the most commonly sold. In a Term Life Policy you buy a selected face value for a specified number of years usually 10, 20 or 30 years. For example a male in good health that is in his mid 30’s can get a $750,000 for about $50.00 a month for 20 years, it is extremely cheap for its benefit in the event of your death which could support your family for many years to come without that person alive.
The next is whole life which can be a bit more expensive. In this type of policy the premiums are both an investment for the future and a life insurance policy with a specified face value in which they can cash in later or borrow against if needed, It is more of a permanent type policy that what a term policy is but it does come with a price that is significantly higher than term but in the long run it is a much better investment.
A universal life product is similar to a term life product but it has a policy life to age 100 of the insured, they are a little more expensive than a term life but it is good to lock in a rate while you are young that will be level till you hit age 100. Also you can convert a term life policy owner to a universal life policy any time you like and get the rate that you would of been quoted back when you received the term rate.
A final expense policy are meant to cover one funeral expenses. Final expense policies are generally very small with a face value of $5,000 to $20,000 which is just enough to cover ones funeral costs. These policies are generally very cheap because of the small face value and are easily obtained for most people.
An annuity is one of the best investment life products available today and can bring in huge returns on your investment. An annuity doubles as an investment tool and a life policy that works a little differently, think of it as a life policy that works in reverse. An annuity is meant to provide retirees an income for life that they cannot outlive. The insured puts money into the annuity for as long as they can till they retire, then they can activate it in which they will recieve a specified dollar amount every year till they die. They can insure just one person or can insure both a husband and spouse till they both pass away while providing them an income year after year. Some annuities can also have a third designated beneficiary as well which would the benefits could be passed onto.
Ohio Life Insurance quotes
Ohio Term Life Insurance
There are many life insurance products to choose from such as Term Life Insurance, Universal Life Insurance, Whole Life Insurance, Final Expense Policies and Annuities can also be considered a life insurance product. All of these give you different levels of protection and we will go over each of them separately.
Term Life Insurance is the simplest of all these and is probably the most commonly sold. In a Term Life Policy you buy a selected face value for a specified number of years usually 10, 20 or 30 years. For example a male in good health that is in his mid 30’s can get a $750,000 for about $50.00 a month for 20 years, it is extremely cheap for its benefit in the event of your death which could support your family for many years to come without that person alive.
The next is whole life which can be a bit more expensive. In this type of policy the premiums are both an investment for the future and a life insurance policy with a specified face value in which they can cash in later or borrow against if needed, It is more of a permanent type policy that what a term policy is but it does come with a price that is significantly higher than term but in the long run it is a much better investment.
A universal life product is similar to a term life product but it has a policy life to age 100 of the insured, they are a little more expensive than a term life but it is good to lock in a rate while you are young that will be level till you hit age 100. Also you can convert a term life policy owner to a universal life policy any time you like and get the rate that you would of been quoted back when you received the term rate.
A final expense policy are meant to cover one funeral expenses. Final expense policies are generally very small with a face value of $5,000 to $20,000 which is just enough to cover ones funeral costs. These policies are generally very cheap because of the small face value and are easily obtained for most people.
An annuity is one of the best investment life products available today and can bring in huge returns on your investment. An annuity doubles as an investment tool and a life policy that works a little differently, think of it as a life policy that works in reverse. An annuity is meant to provide retirees an income for life that they cannot outlive. The insured puts money into the annuity for as long as they can till they retire, then they can activate it in which they will recieve a specified dollar amount every year till they die. They can insure just one person or can insure both a husband and spouse till they both pass away while providing them an income year after year. Some annuities can also have a third designated beneficiary as well which would the benefits could be passed onto.
Ohio Life Insurance quotes
Ohio Term Life Insurance
Health Insurance Types
In todays market health insurance has become a very heated debate in Washington with Obama’s new health plan that goes into effect in the year 2014. Democrats are hoping to keep hold of there power on it but it is likely that republicans will take over congress and the white house and try to eliminate the bill totally or partially, its hard to say what is going to happen.
But never the less you still need health insurance to protect yourself and your family from the risks of becoming sick or being injured. You would need some sort of coverage to pay for your bills or face potentially massive hospitalization and doctor bills. Threre are many types of health insurance out there such as Major medical, Catastrophic Plans and Medicare Supplements and Guaranteed issue health insurance products.
Major medical is what most people seek but it is generally the most expensive of plans and not many individuals can afford it on their own. Most major medical plans are purchased by employers for employees in which the employees pay a small contributuion every pay period. They generally have large deductibles and the insured has little or no control over the benefits of the plan. They generally cover doctor visits, hospitalization, maternity and prescription drugs.
Catastrophic plans are probably the most popular among working families that have to buy their own health coverage. They aren’t as comprehensive as a major medical plan but the savings are well worth it. Most aspects of a major medical plan are never used by most people. Catastrophic or hospitalizations plans cover a lot of what a major medical plan does but you have control over deductibles, riders, features so you can make the plan to how much premium you can afford. Most of these plans cut out or reduce features of major medical that are rarely used in the real world.
Medicare supplements also known as medigap policies are designed to pay what the government run medicare insurance system does not. The plans are generally listed from Plan A to Plan L in which they all have pre set benefits set up by the medicare system. All the plans are Identical from carrier to carrier but the rates are not, so you need to do a little shopping around to ensure that you get the best policy for the money. The most popular plan is probably Plan F because it covers most of the benefits at a reasonable rate however Plan J is quickly becoming more popular as of late for its additional benefits preventative care and the at home recovery benefits.
Guaranteed Issue plans are for those who have a illness such as diabetes or cancer in which they cannot obtain traditional coverage. most of these plans are a defined benefit plan in which for each doctor visit, x ray or surgery you are given that benefit amount whatever it is. for example if your benefit is $100.00 for a doctor visit, and the visit actually only cost $80.00 then you will be able to keep the other $20.00. In most cases a check is simply sent to you when you put in a claim and you proceed to pay your bills however you like.
With all heath plans you will always have to pay increases every two or three years and depending on the carrier some of these increases can be very significant. So be sure keep be aware of when your rate lock expires and be ready to shop around if your premium skyrockets on you. Other things you can do to keep your rates low are to reduce your weight and stay physically fit and do not smoke. Overweight and smokers pay a whole lot more premium than other people due to their increased risk of health problems.
Ohio Health Insurance
Individual Health Insurance
But never the less you still need health insurance to protect yourself and your family from the risks of becoming sick or being injured. You would need some sort of coverage to pay for your bills or face potentially massive hospitalization and doctor bills. Threre are many types of health insurance out there such as Major medical, Catastrophic Plans and Medicare Supplements and Guaranteed issue health insurance products.
Major medical is what most people seek but it is generally the most expensive of plans and not many individuals can afford it on their own. Most major medical plans are purchased by employers for employees in which the employees pay a small contributuion every pay period. They generally have large deductibles and the insured has little or no control over the benefits of the plan. They generally cover doctor visits, hospitalization, maternity and prescription drugs.
Catastrophic plans are probably the most popular among working families that have to buy their own health coverage. They aren’t as comprehensive as a major medical plan but the savings are well worth it. Most aspects of a major medical plan are never used by most people. Catastrophic or hospitalizations plans cover a lot of what a major medical plan does but you have control over deductibles, riders, features so you can make the plan to how much premium you can afford. Most of these plans cut out or reduce features of major medical that are rarely used in the real world.
Medicare supplements also known as medigap policies are designed to pay what the government run medicare insurance system does not. The plans are generally listed from Plan A to Plan L in which they all have pre set benefits set up by the medicare system. All the plans are Identical from carrier to carrier but the rates are not, so you need to do a little shopping around to ensure that you get the best policy for the money. The most popular plan is probably Plan F because it covers most of the benefits at a reasonable rate however Plan J is quickly becoming more popular as of late for its additional benefits preventative care and the at home recovery benefits.
Guaranteed Issue plans are for those who have a illness such as diabetes or cancer in which they cannot obtain traditional coverage. most of these plans are a defined benefit plan in which for each doctor visit, x ray or surgery you are given that benefit amount whatever it is. for example if your benefit is $100.00 for a doctor visit, and the visit actually only cost $80.00 then you will be able to keep the other $20.00. In most cases a check is simply sent to you when you put in a claim and you proceed to pay your bills however you like.
With all heath plans you will always have to pay increases every two or three years and depending on the carrier some of these increases can be very significant. So be sure keep be aware of when your rate lock expires and be ready to shop around if your premium skyrockets on you. Other things you can do to keep your rates low are to reduce your weight and stay physically fit and do not smoke. Overweight and smokers pay a whole lot more premium than other people due to their increased risk of health problems.
Ohio Health Insurance
Individual Health Insurance
Thursday, April 29, 2010
Obtaining insurance from a Ohio Life Insurance agent or a Ohio Health Insurance agent may be as easy as picking up your phone or just going online. With the advancements in technology getting a Insurance policy over the phone or internet is possible now without even meeting face to face with an agent, which frees up a lot of time for both you and your insurance agent. You can obtain Term Life Insurance, Individual Health Insurance and Ohio Long Term Care Insurance just as easily as auto insurance now. So if you need a Insurance policy and don’t want to be pestered by a high pressure salesman pounding on your door just pick up your phone or log on to purchase your next policy. www.futuresafeinsurance.comFuture Safe Insurance440-984-2470
Friday, April 16, 2010
Life Insurance, an Investment in Your Families Future
Many of us do not like to think of the fact that someday we will die and leave this earth. Most People feel that it would never happen to them and that they are not going to die for a very long time, the fact is no one knows when they are going to die, you could get hit by a car tomorrow and poof, your gone. The financial hardship of such a loss could send your family into poverty if you are the primary source of income.
This is where Life Insurance comes in to protect your families future. You must have enough coverage to pay your families everyday living expenses such as food, utilities, car payments and the most important your home mortgage. You also need to figure in burial expenses and pay off of high debts.
Take this scenario for example, a young couple whose sole provider makes $50,000 a year which pays for all there expenses and mortgage. Lets say you have 20 years left to pay on your home and you want your family to live comfortabally for those 20 years. So lets take $50,000 X 20 years would be $1,000,000 in coverage needed at todays cost of living. But add 2% to 4% every year for inflation that number would grow to about $1,200,000 in life insurance coverage. You may want to add in other factors as well such as large debts, wanting your family to live financially better and what ever other reasons you may have.
Life Insurance for most is pretty cheap as compared to other coverages such as auto, property and health insurance. If you are in good health and a non-smoker you can obtain very large policies for a minimual premium that is locked in for the term of the policy. For instance a 35 year old male, non-smoker can obtain $750,000 in coverage for about $45.00 a month for 20 years. As you get older rates increase so there is a sense or urgency to get coverage as soon as possible to lock in a low rate. Another nice feature about life insurance is that at the end of the term you can covert it over to a universal life policy which is good till age 100 and you will get the rate you would have at the age you purchased the orginal policy.
So if you are interested in an Ohio Life Insurance quote or a Ohio Health Insurance quote then visit http://www.futuresafeinsurance.com. We also serve Michigan, Texas, California and Illinois.
www.futuresafeinsurance.com
Future Safe Insurance
440-984-2470
This is where Life Insurance comes in to protect your families future. You must have enough coverage to pay your families everyday living expenses such as food, utilities, car payments and the most important your home mortgage. You also need to figure in burial expenses and pay off of high debts.
Take this scenario for example, a young couple whose sole provider makes $50,000 a year which pays for all there expenses and mortgage. Lets say you have 20 years left to pay on your home and you want your family to live comfortabally for those 20 years. So lets take $50,000 X 20 years would be $1,000,000 in coverage needed at todays cost of living. But add 2% to 4% every year for inflation that number would grow to about $1,200,000 in life insurance coverage. You may want to add in other factors as well such as large debts, wanting your family to live financially better and what ever other reasons you may have.
Life Insurance for most is pretty cheap as compared to other coverages such as auto, property and health insurance. If you are in good health and a non-smoker you can obtain very large policies for a minimual premium that is locked in for the term of the policy. For instance a 35 year old male, non-smoker can obtain $750,000 in coverage for about $45.00 a month for 20 years. As you get older rates increase so there is a sense or urgency to get coverage as soon as possible to lock in a low rate. Another nice feature about life insurance is that at the end of the term you can covert it over to a universal life policy which is good till age 100 and you will get the rate you would have at the age you purchased the orginal policy.
So if you are interested in an Ohio Life Insurance quote or a Ohio Health Insurance quote then visit http://www.futuresafeinsurance.com. We also serve Michigan, Texas, California and Illinois.
www.futuresafeinsurance.com
Future Safe Insurance
440-984-2470
Sunday, March 28, 2010
So Now You Need Health Insurance
With the Democrats now finally getting their way the Health InsuranceIndustry is going to be turned upside down and big changes are on the way. Making sure that an entire nation has health care coverage is going to be a daunting task and it is going to take some time to ensure that everyone is covered by a policy they can afford.
One of the most significant changes is that you must carry health insurance for you and your family or face stiff penalties if you get caught without it, just like you must have car insurance. A lot of people are very upset with this feature of the bill because of the fear that health insurance will still be unaffordable for them. I don’t see how you can force someone to carry Health Insuranceif they can’t afford it, but the Democrats are pressing forward with it anyways. Seems like our country is becoming more like a socialist society ran by government and not by the people, it just isn’t right.
Now if you don’t have coverage, you going to have to start shopping around to see what you can find. My agency works with various carriers with very good rates and I would like to assist anyone who doesn’t have coverage to get it now so you have it in place when the laws are enforced.
http://www.futuresafeinsurance.com
Future Safe Insurance, Matthew Marksbury
440-984-2470
One of the most significant changes is that you must carry health insurance for you and your family or face stiff penalties if you get caught without it, just like you must have car insurance. A lot of people are very upset with this feature of the bill because of the fear that health insurance will still be unaffordable for them. I don’t see how you can force someone to carry Health Insuranceif they can’t afford it, but the Democrats are pressing forward with it anyways. Seems like our country is becoming more like a socialist society ran by government and not by the people, it just isn’t right.
Now if you don’t have coverage, you going to have to start shopping around to see what you can find. My agency works with various carriers with very good rates and I would like to assist anyone who doesn’t have coverage to get it now so you have it in place when the laws are enforced.
http://www.futuresafeinsurance.com
Future Safe Insurance, Matthew Marksbury
440-984-2470
Saturday, February 20, 2010
Importance of Life Insurance
www.futuresafeinsurance.com
Future Safe Insurance
440-984-2470
In todays economy life insurance is still the best and safest inerstment an individual can make. They are many choices one can make from whole life, term and universal life and with each some carriers add various riders one can choose as well. Any policy you choose is a very safe investment for you and your family.life insurance, health insurance, long term care insurance
Future Safe Insurance
440-984-2470
In todays economy life insurance is still the best and safest inerstment an individual can make. They are many choices one can make from whole life, term and universal life and with each some carriers add various riders one can choose as well. Any policy you choose is a very safe investment for you and your family.life insurance, health insurance, long term care insurance
Subscribe to:
Comments (Atom)
