One appointment with your health care provider could cost you over $100 without health insurance. If you break a bone, become ill, need an operation or need to spend a few days in the hospital, you could be faced with tens of thousands — if not hundreds of thousands — of dollars in medical bills if you don’t have health insurance.
Do you have that kind of money set aside in your savings account to pay those types of bills? What would happen to your credit, your assets, or your home? Purchasing health insurance is a way to protect yourself and your family financially.
I work with a variety of health insurance companies, and can assist you with the following types of coverage:
Company health insurance plans
Company dental plans
Company vision plans
Company ancillary plans
Private health insurance
Government subsidized health plans sold through the Marketplace
Short term health plans
Options for persons over 65, or who are under 65 and disabled
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Richboro, PA 18954
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Many people have a small amount of life insurance which they obtained through their employer as a company benefit. This plan, for example, may have a value of $10,000. How far exactly is your family going to get on that $10,000 if something should happen to you?
A $10,000 policy may cover your funeral and burial expenses, but then again it may not even be enough to cover that. What happens if you lose your job? Do you have life insurance independent of what your employer may offer to you as a benefit?
If you are married, can your spouse afford the mortgage payments alone? If you have children, can your spouse afford to provide for their needs and future education?
These are only a few of the questions that you need to consider when determining whether or not you should be investing in a life insurance policy.
I am happy to help you find the individual or company life insurance policy that fits your needs, such as:
Second to die
For Companies or Small Businesses
Key person insurance
No one knows when they may become disabled or unable to work for a period of time. Is your income insured? What happens if there is an accident or an unexpected illness or injury that causes you to not be able to work? Who is going to pay your mortgage or rent? Who is going to pay your car payments? How will you afford your electric bill, phone bill, cable bill, or even your weekly shopping trip?
In the event that you would become sick or injured, disability Insurance would pay you cash benefits, usually between 50% to 70% of your current income.
As an incentive to return to work, insurance companies will not pay more than 70% of your current income. However, receiving a monthly check between 50% to 70% of your income — that you can use to pay your bills should you become disabled — is much better than not having any income at all.
If you don't have disability insurance, you need to worry about getting it now. Regardless of your age, if you have financial obligations and responsibilities, you need to protect yourself by insuring your income.
Long Term Care
When individuals are unable to care for themselves or need assistance with their ADLs (Activities of Daily Living) such as bathing, dressing, transferring, eating, toileting and continence (control of bodily functions) — or they have a severe cognitive impairment such as Alzheimer's disease — they may require long term care.
With the average cost of long term care services on the rise, many people could be put in a bad financial position. Some may even need to sell their home and drain their bank accounts in order to afford the cost of this care. Nursing homes and assisted living facility care could cost thousands of dollars a month. Skilled care in your own home and even some community resources (such as adult day care) can also be expensive.
When you are living on a fixed income along with your retirement savings, spending an extra few thousand dollars a month could cause financial hardship. Purchasing a long term care plan can assist you with meeting the expenses of the additional needed care.
An annuity can be used as part of a retirement strategy. It is an insurance product that pays out income. The money accumulating in an annuity grows on a tax-deferred basis. Annuities are a great way for people to receive a steady income in retirement.
Annuities are often overlooked, but are critical for some people to have. After all, more than half of all Americans are worried about running out of money during retirement. Annuities provide financial protection from living too long by guaranteeing* a stream of income for life. Some of the common questions I get about annuities are as follows:
Why invest in annuities?
Many people use annuities to create an extra retirement income. By combining the annuity payments with Social Security, military retired pay, and pensions, annuities are a good way to make sure that you will have enough income coming in each month to pay your bills to help you hang on to your other long term savings and investments.
How do annuities work?
There are two stages of an annuity. An annuity works by first investing funds into the annuity. You can do this by making one lump sum payment, or by making a series of payments over several years. This is considered the accumulation phase. The annuity then pays you on a future date or series of dates. This is considered the distribution phase. You can receive the income from the annuity monthly, quarterly, annually or even in a lump sum payment.
The amount of money that you will receive from the Annuity is determined by several factors, including the amount of money that you are investing in the annuity, the type of annuity product that you purchase, and the length of your payment period. You can choose to receive payments for a set number or years or for the rest of your life.
What kind of annuities do you offer?
I can work with you to determine the best type of annuity for your needs, such as:
Make sure you don't outlive your money. Request an annuity quote today.
* Based on the claims-paying ability of the underlying insurance company.