Dabolt Insurance Agency

It’s important to remember that not all life insurance policies are expensive or difficult to qualify for. Let’s talk about the level of insurance coverage you need and how easily the premiums can fit into your household budget.

Like the name implies, term life insurance is only in force for a specified period. This type of coverage can be ideal to carry when you have high balances on mortgage or auto loans, as it could help pay off the balances for your family in the event of your death.

If you have a son or daughter heading off to college, consider having them take out whole or term life insurance. Making the low monthly payments is a great way for them to build their credit rating.

So what exactly is Medicare Part A? This is the part of Medicare that works like hospital insurance, covering everything from inpatient hospital stays to care in a skilled nursing facility and hospice care. Some home health care may be covered as well.

Can you afford your deductible? While raising the deductible on an insurance policy lowers the monthly premium, you still need to have cash reserves to pay it when needed. Ask your agent how lowering the deductible will affect the premium – it may make sense.

If you cannot afford to pay your Medicare premiums and other medical costs, you may be able to get help on a state level. There are state-based programs available for people who are entitled to Medicare and are at a low-income level.

If you are thinking of making changes to your Medicare plan(s), we can review your current coverage, help you select a plan most favorable to you, and have everything in place and ready to go when the next enrollment period begins.

Confused about your life insurance options? Essentially, you have four basic policy types to choose from. These include term, whole life, universal life, and variable life.

New types of life insurance products are always being introduced. An insurance expert is familiar with all the available products and, after becoming familiar with your background, can decide if any are worth purchasing.

If you are planning to travel abroad, ask your health insurance company if your policy is valid overseas, and if it covers emergency expenses. If it does not, consider supplemental insurance that covers the dates of your trip.