insurance appointment. Buying life insurance is an easy way to protect your family after you're gone. If you
know what to look for, you can get great coverage at a price you can afford. The financial protection it offers to
your family is one of the top reasons you should consider purchasing life insurance. If you're single and just
starting out, you may not need life insurance. But as you take on more responsibilities and your family grows,
your need for life insurance increases.
The proceeds from a life insurance policy can replace the income lost to your family upon your death. You might
also want to buy life insurance to pay off debts and expenses, leave money to charity, and cover final and estate
expenses.
There are two basic types of life insurance: Term Life Insurance, which provides life insurance coverage for a
specified period of time (the term), and Cash Value (permanent) life insurance, which combines a death benefit
with a cash value component. Cash value insurance offers lifetime protection. Term insurance, on the other
hand, may be the most affordable option if you're buying life insurance mainly for the financial protection it offers,
and your need for life insurance is temporary. Some examples that term might be the correct choice would be
until your children leave the nest, until your children graduate college, or until retirement. Some term policies will
permit you to exchange a term life insurance policy for a “permanent” one at some point; these features are
called conversion in term insurance.
The amount of life insurance protection you should buy depends on how much income your survivors will need,
how much you own and owe, and the amount of other life insurance available to you. If you're married, both you
and your spouse should consider buying life insurance. One of the easiest ways to estimate how much life
insurance protection you should buy is to use a life insurance needs calculator. Please contact us for a free
evaluation, even if you currently have life insurance.
same reason you buy other kinds of insurance, to protect yourself and your family financially. With health insurance, you protect yourself and your family in case
you need medical care that could be very expensive. You can not predict what your medical bills will be. In a good year, your costs may be low and on the other
hand, if you become ill, your bills could be very high. If you have health insurance many of your costs are covered by that health insurance company, not by you.
Envoy Insurance is also making it easier for a business owner to offer quality health insurance coverage to their employees. No matter what size your
organization, we can find a health insurance carrier that will meet your needs with leading-edge products and services for your employees and their families. This
means that at Envoy Insurance, our agents can tailor fit a personal plan and or group plan. We will make sure that your plan will protect you, your family, and
employees in a way that will precisely meet your unique life and health insurance needs in the most effective and affordable way possible.
Health insurance plans generally fall into one of two categories: Indemnity plans (also known as reimbursement plans) and Managed care plans such as health
maintenance organizations (HMOs), Preferred provider organizations (PPOs), and Point of service (POS) plans.
- An indemnity plan allows you to choose your own doctors and pays for your medical expenses in total, in part, or up to a specified amount per day for a
specified number of days.
- Managed care plans generally provide broader coverage, but they all involve an arrangement between the insurer and a selected network of health-care
providers (doctors, hospitals, etc.). For example, an HMO will require that a primary care physician in the network coordinate all of your care and refer you
to specialists in the network.
The best health insurance plan for you, your family and employees is the one that gives you the greatest flexibility and the most benefits for the lowest cost.
Unfortunately, there's no such thing as a standard health insurance plan. Whether you need health insurance for you, your family or your employees, at Envoy
Insurance, we will make sure it offers the right kinds of coverage.
Please note that this description/explanation is intended only as a guideline.
