Life Insurance: In addition to helping to support dependents, life insurance can help provide immediate cash at death. Insurance proceeds can be used to pay the deceased's debts, funeral expenses, and income or estate taxes. If you’re like some people, you probably have insurance for everything under the sun—your car, your home and maybe even your cell phone. But do you have insurance on your life. Only 60% of Americans have some type of life insurance. That’s a pretty interesting statistic considering 100% of us are going to die.
Disability Insurance or sometimes referred to as “Income Replacement Insurance” provides a source of income to people who are unable to work due to an accident or illness. Remember that your earning power is one of your greatest financial assets. Without disability insurance protection, workers and their dependents are at risk of losing their homes and investments. The average disability claim lasts almost 13 months and mortgage foreclosures due to disability occur 16 times as often as they do for death. Yet, more than 40 percent of full-time workers do not have coverage in the event of a short- or long-term disability to protect against a loss of income. Research indicates that one-third of employed Americans will become disabled for at least 90 days at some point in their career.
Long Term Care Insurance: By the time you reach 65, chances are about 50% that you’ll require paid long term care. If you pay out of pocket, you’ll spend on average $140,000. 7.2 million Americans have LTC insurance, which covers many of the costs associated with an assisted living facility or in-home care.
Final Expense Insurance is designed to cover the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as burial insurance. Unfortunately, even a basic funeral can cost thousands of dollars. The price of laying our loved ones to rest has increased across the world, with the median cost increasing almost a third over the past 10 years. Final expense insurance is an inexpensive way to relieve the financial burden from your family when you pass.
Commercial General Liability: Every business needs to have Commercial General Liability Insurance. These policies provides both defense and damages if you, your employees or your products or services cause Bodily Injury or Property Damage to a third party. If you own the building or have business personal property, you should have a policy that will protect you against fire, vandalism, theft, smoke damage etc. You should also consider business interruption/loss of earning insurance as part of the policy to protect your earnings if the business is unable to operate.
Business owner policies (BOP’s) are all required coverage for a business owner. It usually includes business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance.
Commercial Auto Policies protects your company vehicles. It can protect vehicles that carry employees, products or equipment. With commercial auto insurance you can insure your company cars, SUVs, vans and trucks from damage and collisions.
Workers Compensation provides insurance to employees who are injured on the job. This insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his rights to sue his employer for the incident.
Data Breach Insurance is for businesses that stores sensitive or non-public information about employees or clients on their computers, servers or in paper files they are responsible for protecting that information.
Inland Marine Policies: Don’t let the term “inland marine” confuse you. As opposed to “marine insurance,” which covers products when transported over water, inland marine insurance covers products, materials and equipment when transported over land—e.g., via truck or train—or while temporarily warehoused by a third party. Collisions and cargo theft are the two most frequent causes of inland marine losses.
Medicare Advantage Coverage Part C is A type of Medicare health plan offered by a private company that contracts with Medicare. Medicare Advantage Plans provide all of your Part A and Part B benefits and more. Medicare Advantage Plans include (HMO) Health Maintenance Organizations, (PPO) Preferred Provider Organizations, (PFFS) Private Fee-for-Service Plans, (SNP) Special Needs Plans, (MSA) Medicare Medical Savings Account Plans.
Medicare Advantage Part D is your Medicare Drug Coverage. Each Medicare drug plan has its own list of covered drugs (called a formulary). Many Medicare drug plans place drugs into different "tiers" on their formularies. Drugs in each tier have a different cost. A drug in a lower tier will generally cost you less than a drug in a higher tier. Your prescriber may think you need a drug that's on a higher tier. If so, you or your prescriber can sometimes ask your plan for an exception to get a lower copayment.
Medicare Supplement Insurance (Medigap) policies helps pay some of the health care costs that Original Medicare doesn't cover, like Copayments, Coinsurance and Deductibles. Medigap policies are sold by private companies. Some Medigap policies also cover services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy.
Medicare Special Needs Plans are a type of Medicare Advantage Plan (like an HMO or PPO). Medicare SNPs limit membership to people with specific diseases or characteristics. Medicare SNPs tailor their benefits, provider choices, and drug formularies to best meet the specific needs of the groups they serve.
PACE is a Medicare and Medicaid program that helps people meet their health care needs in the community instead of going to a nursing home or other care facility. PACE stands for Programs of All-Inclusive Care for the Elderly. With PACE, the focus is on you — you have a team of health care professionals working with you and your family to make sure you get the coordinated care you need. Your team is experienced in caring for people like you. Usually they care for a small number of people, so they really get to know you.