A life insurance policy is a contract with you and the insurance company. In exchange for paying monthly premiums during your life, the insurance company will provide a lump-sum payment, known as death benefits, to your beneficiaries after your death.
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Final Expense Insurance
Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. There are also many expenses associated with death that can, on average, exceed $8,500 (2015 Nfda.org Statistics).
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USAmeriCare in Jacksonville, Florida, provides Medigap and Medicare Supplement Insurance to cover the expenses, co-payments, and deductibles not covered by Part A or Part B. For instance, we can cover the costs of your first day in the hospital, which could be $1,132 before Medicare kicks in.
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Disability insurance is also called disability income (DI) insurance. If you become too sick or injured to work for an extended period of time, DI could help cover a portion of your income, including bonuses and commissions. It’s important to know that even if you have group long-term disability insurance through your employer, it may not be enough.
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Critical Illness Insurance
The Critical Advantage portfolio pays a lump-sum benefit on diagnosis of a covered condition. And with health care premiums rising and increases in treatment costs, many of you will be looking to help cover the difference between expenses and existing coverage.