Life & Health Insurance

Life insurance can help provide financial security for you or your loved ones by replacing lost income and covering various expenses after your death or when the policy’s term is up. If you’re looking for life insurance, we’re here to help. Our agency is ready to discuss your life insurance needs and help find a policy that’s right for you.

What Is Life Insurance?

Life insurance is a contractual agreement between you (the policyholder) and the insurance company. In exchange for paying the insurer a regular premium, your beneficiaries will receive a lump-sum death benefit when you pass away or after a specific amount of time has passed.

What Are the Types of Life Insurance?

There are two primary types of life insurance, including:

• Term life insurance—A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, the policy does not pay and will expire when the term ends. You will also have to reapply for a new policy if you want to continue to have coverage.
• Whole life insurance—A whole life policy will last for the remainder of your life once you enroll. It will not expire unless you stop paying for it. Additionally, such a policy offers cash value investment opportunities. This cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).

Several other types of life insurance also exist. Speak to one of our agents to determine which type of coverage suits your particular needs.

Need Health Insurance?

Having the right health insurance coverage to suit your needs is essential to your overall well-being. Health insurance helps pay medical expenses, including treatment for severe medical conditions and preventive care. This coverage may reduce how much it costs to get necessary health care. Contact our agency to learn more about your health insurance options and to get a quote.

Is Health Insurance Required?

There are no laws that require individuals to carry health insurance. Access to health insurance coverage can help minimize the costs of preventive care and medical treatment. With a health insurance plan, you’ll have access to doctors and hospitals, typically at a lower price than you’d pay if you were uninsured. If you need assistance determining which health insurance options best suit your needs, contact an agent.

What Are My Health Insurance Options?

There are several health insurance plans and additional coverage options to help you access necessary health care services, including:

• Individual and family plans.
• Group health insurance plans.
• Vision and dental insurance.
• Prescription insurance.
• Health savings accounts (HSAs).
• Disability insurance.
• Supplemental insurance.
• Long-term care (LTC) insurance.
• Travel health insurance.
• Medical expense health insurance.

Our agents can help evaluate your situation, recommend coverages that fit your budget and help you choose a health insurance company.

How to Get Life or Health Insurance

If you’re in need of a life insurance policy, we’re here to help. Give Global Insurance Agency a call or request a quote online to get started.