Life insurance is a crucial step in planning for your future and the future of your loved ones. As your life changes, so do your insurance needs. Marriage, a new baby, a new home, your children’s education… all these things require a reevaluation of your insurance coverage.
- Whole Life Insurance – permanent life insurance that remains in effect for the lifetime of the insured person, as long as premiums are paid. Whole life insurance builds a cash value and has a fixed premium.
- Term Life Insurance – insurance for a specified period of time. It’s generally less expensive than Whole Life insurance, and is available for varying term periods, such as 10-, 20- or 30-years. Term Life insurance has a fixed premium, but does not build a cash value. Term Life insurance is, in some cases, convertible to Whole Life insurance.
- Group Health for Businesses & Associations – permanent life insurance characterized by it’s flexible premiums, flexible face amounts and unbundled pricing structure. Universal Life insurance can build a cash value which earns interest (the interest rate may be adjusted periodically but is usually guaranteed not to fall below a certain percentage).
- Universal Life Insurance – Today’s health care environment makes it more and more difficult to find the right employee benefit options. Our approach is a team effort. Designed to make the process easier so you can focus on your business, not what healthcare plans to consider.
Call us. We can help you determine which form of life insurance best fits your needs. Lou Aggetta Insurance Services can also help you with Individual Health Insurance, Bonds and more.
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Long Term Care
Has a member of your extended family or an acquaintance needed long term care? In too many cases, that person or family wasn’t prepared for the expense associated with such care. And not all cases qualify for government assistance. Long Term Care insurance offers protection against the financial shock associated with long term care in a facility, or the emotional and physical drain of home care. Additionally, people with Long Term Care insurance have greater choices in the location and type of care received.
Nationwide, for every 1,000 people, more than 600 will require some form of long term care. In 2005, the annual average nursing home cost was in excess of $62,000. In 29 years, with a 5% inflation, that annual cost is expected to top $248,000 ($679 per day). Call us so we can discuss this type of insurance.