Life & Health Insurance basics

When evaluating life insurance, it's important to keep in mind that price is not the only important factor to consider. Before choosing a policy, you should carefully evaluate the terms and conditions of each quote you receive. It's also important to look at the financial strength of each insurance company that provides a quote. Life insurance is a vital part of financial planning and it's in your best interest to choose to do business with a company that has a solid financial position.

There are essentially two types of health insurance plans: indemnity plans (fee-for services) or managed care plans. The differences include the choice of providers, out-of-pocket costs for covered services and how bills are paid. There is no one “best” plan for everyone. Some plans are better than others for you or your family’s health care needs, but no one plan will pay for all the costs associated with your medical care.

Insurance policy rates are based on a variety of different criteria and risk factors, some of this criteria may included:

• Age
• Current health and medical history
• Medications taken
• Family medical history
• Tobacco use (any kind of tobacco)
• Habits and hobbies
• Driving record

Other services

• Long-Term Care
• Disability
• Annuities
• Medicare Supplements