Insurance for Individuals & Families
We are a full service Insurance agency for personal lines insurance.
Home or property insurance, life insurance, disability insurance, health insurance, umbrella and automobile insurance.
1. Health insurance
While health insurance has become increasingly complicated over the last few years, it’s essential. An unexpected medical event can cause severe financial issues and even lead to potential bankruptcy. And as inflation rises, so do medical expenses, with a significant uptick of 3.1% in January 2023. Having a health insurance plan in place can not only protect you from potential financial loss due to an emergency, but it can also save you money on routine checkups.
2. Life insurance
Three reasons you need Life Insurance
There are many forms of life insurance, but the most basic and least expensive is term life insurance. This pays beneficiaries a specific amount of money if you die within the time period set in the policy.
In contrast to term insurance, there’s also permanent life insurance, which is designed to last for as long as you live, provided you continually make the premium payments.
Individuals should purchase life insurance based on their individual need. For instance, someone with minors might need to purchase a higher amount of coverage to help ensure their children’s upbringing costs are covered in the event of their death.
3. Disability insurance
While you might not think it’s important to consider, around 25% of today’s young workers will become disabled before the age of 67. Meanwhile, 35% of the private sector workforce has no disability insurance policy in place. There are a lot of nuances to this type of insurance regarding when you’d be able to receive compensation and under what circumstances. Make sure you’ve done your due diligence prior to purchasing.
4. Long-term care insurance
As many as 70% of people aged 65 and older will need some kind of long-term care in their life. Yet, the average annual cost of a private room in a nursing home in the United States is $108,405 and is expected to jump to $141,444 by 2030. Will you be able to afford this? Long Term Care is intended to help cover the cost of care received for home care, or in facilities like assisted living and nursing homes. When deciding between policies, look at the assets you have outside the insurance that could possibly pay for your care. Of course, you don’t want long-term care expenses eating into your retirement funds.
5. Homeowners insurance
Your home might be the biggest purchase you’ll ever make – don’t you want to protect it? Homeowners insurance pays for damage to your house and often provides the necessary funds for temporary accommodations while your home is being repaired. A homeowners policy will be required while you have a mortgage, but it’s still important to maintain once your home is paid for.
6. Umbrella liability insurance
This coverage extends the liability protection provided on your “underlying policies,” like homeowners and auto insurance. You can purchase additional coverage in million-dollar increments.
