Life/Long-Term Care Insurance
Life insurance can help provide financial security for you or your loved ones by replacing lost income and covering various expenses after your death or when the policy’s term is up. If you’re looking for life insurance, we’re here to help. Our agency is ready to discuss your life insurance needs and help find a policy that’s right for you.
What Is Life Insurance?
Life insurance is a contractual agreement between you (the policyholder) and the insurance company. In exchange for paying the insurer a regular premium, your beneficiaries will receive a lump-sum death benefit when you pass away or after a specific amount of time has passed.
What Are the Types of Life Insurance?
There are two primary types of life insurance, including:
- Term life insurance—A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, the policy does not pay and will expire when the term ends. You will also have to reapply for a new policy if you want to continue to have coverage.
- Whole life insurance—A whole life policy will last for the remainder of your life once you enroll. It will not expire unless you stop paying for it. Additionally, such a policy offers cash value investment opportunities. This cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).
Several other types of life insurance also exist. Speak to one of our agents to determine which type of coverage suits your particular needs.
How to Get Life Insurance
If you’re in need of a life insurance policy, we’re here to help. Give Sunshine Benefitz a call or request a quote online to get started.
Long-term care insurance is a coverage option that’s difficult to think about but necessary as we begin the later stages of our lives. Long-term care insurance is one way to help prepare to pay for assistance with routine care and daily activities after you are no longer able to. Our agents are here to help you find a policy that best protects you and your future medical needs.
What Is Long-term Care Insurance?
A long-term care policy can help cover care costs when you have medical conditions, disabilities or disorders that prevent you from routine activities such as bathing, dressing or getting in and out of bed. Every policy is different, but, generally, when you can no longer do two of the six daily living activities, you qualify for benefits. Daily living activities include:
- Bathing
- Dressing
- Caring for incontinence
- Eating
- Toileting
- Transferring
- You can also receive care in a variety of places, including:
- Your home
- A nursing home
- An assisted living facility
- An adult day care center
It’s important to get long-term care insurance before you need it, or else you won’t be able to reap its benefits. Be proactive and contact an agent today.
How to Get Long-term Care Insurance
You can get long-term care insurance by reaching out to one of our agents for further discussion about your needs. Contact us today to get started.