Other Plans
Market Place Plans, Life, Cancer, Hospital Indemnity Dental and Vision plans
The Health Insurance MarketPlace is a service run by the federal Government that helps individuals and families as well as those who have small businesses with finding health care.
It helps by Comparing plans for coverage and affordability.
It can enroll them in a plan and make changes for them for that plan.
It also helps with tax credits to see if they qualify for subsidies based on income, number of people in the household, their location, age, and if they are caring for a child underage or if they are a smoker or nonsmoker.
The Marketplace can find out if they will qualify for other private insurance programs like Medicaid or CHIP (Childrens Health Insurance Program).
If you are needing help in finding coverage that fits your budget you should give Agents4life a call and one of their agents will be able to assist you with that. They will need a consent form authorizing them to work on your behalf.
Life Insurance
Helps your loved ones pay for funeral costs, bills, rent and mortgage payments and other living expenses in the event of your untimely death. The rates of a policy vary depending on the age of when you take it out and the amount you want to have covered. It also depends on if you want a Term Policy, a Whole Life Policy or a Universal Life Policy or more.
A Term Policy is paid monthly and lasts for a specified time, usually 10 years – 30 years. The Insurance company will pay a specific death benefit upon your death to your beneficiary of that policy. It does not grow any cash benefit other than the face value of the amount you took out.
A Whole Life Policy you will pay a monthly payment that will actually grow into equity, known as Cash value. That means you can take money out or borrow money when you need it from that cash value without losing the death benefit amount. The benefit of a Whole life policy is that it is locked into the rate for life without going any higher. IT also allows you to have access to that cash value amount when you need it for emergencies.
Universal Life is a whole life policy that you have the option of maintaining for life or for a specific amount of time. It also allows you to take out the cash value and is compared to a Term policy in that you can pay it for a limited amount of time rather than for your entire life.
Final Expense is a policy used to purchase enough to cover your burial expenses and usually comes with a lower coverage amount.
Then you have other types of Life Insurance like Variable and Indexed universal which we are not licensed to do.
