Cancer Indemnity Plans

Did you know In a lifetime, cancer is expected to strike:

1 out of 3 women, 1 out of 2 men, 3 out of 4 American families, in additional, only 10% of cancers are hereditary.

Your Healthcare provider may recommend you get services more often than Medicare covers or that Medicare may not covers at all. If this happens, You may have to pay some or all of the costs.

An indemnity policy covers expenses for all approved treatments but places a fixed dollar limit on each treatment regardless of the actual cost of care. With a lump-sum plan, you get the amount you are insured for in one payout if you are diagnosed with cancer.

Short Term Home Health Care Insurance

Home Health Care: Medicare Has Limited Coverage, It Is Common, and It Is Expensive.

Did you Know:

Medicare, at most, only covers up to 21 days, fewer that 8 hours a day, and fewer than 7 days a week for home health care (with some exceptions in special circumstances).

The median cost for home health care is almost $50,000 per year.

Many seniors may have a looming $100,000 (or more) home health care burden based on the misconception that Medicare will offer full benefits in their time of need.

Hospital Indemnity

Did you know:

The average length of a hospital stay is six days. If your insurance plan has a c0-pay of $250 per day, one trip to the hospital could cost you $1500.

26% of U.S. adults (18-64) say someone in their household had problems or inability to pay medical bills in the past year.

Hospital Indemnity Insurance. Hospital Indemnity insurance, also called Hospitalization insurance or Hospital insurance, is a plan that pays you benefits when you are confined to a hospital, whether for planned or unplanned reasons, or for other medical services, depending on the policy.

Hospital Indemnity insurance plans helps fill in the gaps for uncovered co-payments, deductibles, and out-of-pocket expenses. Many companies offer additional riders such as Skilled Nursing and Ambulance Riders.

What is Final Expense Insurance?

Loans, credit card debt, estate costs, the funeral... most people leave behind unpaid expenses when they die, expenses that, if left unattended, burden their families tremendously. Final expense coverage is life insurance that pays off these debts, ensuring that everything will be taken care of if you pass.

Final expense needs are usually covered with a whole life insurance policy. The benefits of whole life insurance include a guaranteed level premium that can never be increased, guaranteed cash value and a guaranteed death benefit that can never be decreased. The cost of final expense coverage is very affordable, even if you have some health problems. The application process is quick and easy. You can apply for final expense insurance coverage without having to undergo any medical examination - you simply answer the questions on the application.

Why is Final Expense Insurance so important?

The average funeral costs between $10,000 and $30,000. That, in addition to existing personal debts, legal and medical bills, can quickly break the bank. Ask yourself, "If I died tomorrow, could my family afford my expenses?"

If the answer is no, then final expense insurance is essential. With a final expense policy in place, you can rest assured, knowing that your debts will never add to your family's grief. Everything, from the cost of burial to hospital bills and probate attorney fees, will be paid for. It's not just the responsible thing to do, but it's a final gift to your loved ones in their time of need.

Types of Life Insurance:

• Term Insurance is the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
• Final Expense Insurance is an insurance policy used to pay for funeral services and a burial when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.
• Universal Life Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.
• Whole Life Insurance is a life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.
  As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred.