Life & Health Insurance Policies Give Families Peace of Mind
Two of the most important insurance policies you will ever buy are life and health. Quite simply, there’s nothing more important than protecting the health and well-being of your family, and going without these crucial insurance services can have devastating consequences
- Health Insurance – (Medical, dental and vision)
- Covered Connecticut Program
- Life Insurance
- Long Term Care
- Disability insurance
- Accidental Death & Dismemberment
- Supplemental Coverages
- Burial and Final Expense
- Guaranteed Issued Life
Individual & Family Health Insurance Policies
The Affordable Care Act (ACA) enacted in 2010 provides individuals and families greater access to affordable health insurance options including medical, dental, vision, and other types of health insurance that may not otherwise be available. Under the ACA:
- You may be able to purchase health care coverage through a state or federal marketplace that offers a choice of plans.
- Insurers cannot refuse coverage based on gender or a pre-existing condition.
- There are no lifetime or annual limits on coverage.
- Young adults can stay on their family’s insurance plan until age 26.
- You may for qualify for tax credits based or free healthcare based on income .
Open enrollment time begins November 1st of each year. It’s when you can freely make changes to your health care coverage purchased through the ACA’s Health Insurance Marketplace. During the open enrollment period, you will be able to:
- Re-enroll in your current plan
- Choose a plan for the first time
- Choose a new plan to replace your current plan
- Make changes to your existing insurance plan
Typically, changes can only be made year round when:
- Getting married or divorced
- Having a baby or adding a dependent to your family
- Losing other coverage
- Moving to a new state
- Qualifying for Medicaid or CHIP
Check Here to see if your life event qualifies you to change your coverage under a Special Enrollment Period.
The loss of a loved one is devastating, and even more so when it’s unexpected. Not only are you left to deal with the emotional grief, but you also have to think about funeral arrangements and the loss of income that could have long-term repercussions on your family. While no one wants to think about these potential losses, it is vital that you consider acquiring a life insurance policy in order to protect the future of your family for years to come.
Benefits Of Acquiring A Life Insurance Policy
Life insurance can:
- Replace lost income
- Relieve debt
- Maintain housing expenses
- Finance your children’s education
- Cover Burial and Final expenses
With access to carriers Nationwide, , the JMG Insurance Corp is positioned to be a far-reaching advocate for our clients. Our agents are here when you need us most.
Types Of Policies
At an independent agency like ours, clients can choose from a number of different policies. A permanent plan like whole life comes with a higher premium, but it features perks like cash value. Temporary plans are flexible and affordable, giving you options now while you plan for something more permanent down the road. An agent can work with you to discuss your expectations and budget, but you can generally expect to choose from the following life insurance policies:
Acting as a unique type of insurance, a term life insurance policy provides coverage for a certain period of time. Time periods are within a 5-30 year range, and covers unexpected death. It is important to note that coverage is only designated within the certain time period selected.
A whole life policy covers the entire life of the policyholder. As time goes on, the cash value of a whole life policy will increase. This policy is also tax-deferred, and has fixed premiums that do not fluctuate over time. Policyholders and beneficiaries are able to complete financial planning in a more efficient manner with this policy.
Acting as a permanent life insurance policy, variable life insurance also includes an investment component. This policy holds a cash-value account, and is invested into sub-accounts. A variable life policy allows for financial growth within those sub-accounts, and fluctuates as the market goes up and down.
When a policyholder holds a universal life policy, they are able to make changes as they arise within their lives. In the event of a medical emergency or a sudden job loss, this policy allows for easy change. A whole life policy allows policyholders to know they’re covered completely and effectively.
Final expense insurance is a whole life insurance policy that has a small death benefit, and is designed to cover final expenses such as funeral, memorial services and final expenses.
Guaranteed issue life insurance, or guaranteed acceptance life insurance, is a type of whole life insurance policy that does not require you to answer health questions, undergo a medical exam, or allow an insurance company to review your medical and prescription records.
If your health had suddenly changed yesterday, how would you and your family have handled the situation? For those who require ongoing medical assistance due to a cognitive impairment or need help with the activities of daily living, long-term care insurance can provide invaluable financial assistance and peace of mind. While no one expects that they will require long-term medical care, especially if they are under the age of 65, it pays to be prepared. Our experienced agents can work with you to design a long-term care insurance plan that fits your needs as well as your budget.
Acquire A Policy & A Peace Of Mind
Most people say everyday expenses like groceries, transportation, and clothes are the reason they are unable or unwilling to purchase a life insurance policy. Unlike other agencies, the JMG Insurance Corp works with a wide range of budgets and has access to multiple insurance companies so we can find an adequate policy that fits within your budget and gives your family peace of mind. If you’re ready to provide security within your life, you can reach JMG by phone at 1-844-304-7332 or contact our agents online to get started!