In addition to Home & Auto insurance, Financial Design Insurance Agency offers a wide range of services.
Annuities come in all shapes and sizes. However, most of our clients seek annuities for the funds that they wish to keep safe, sound and secure. Currently, the returns on fixed annuities are far surpassing any rates that can be found on a CD offered through a bank. Talk to one of our representatives to get a better understanding of the role annuities can play in meeting your long term investment goals. Also ask if the adding an annuity would qualify you for a discount on your home and auto insurance.
There are a variety of different life insurance policies that meet a variety of needs. As an individual insurance agency, we have access to the top life insurance companies available. We like to remind our clients that it is in their best interest to periodically review their life insurance policies and their life insurance needs. Some things to consider when thinking about your life insurance goals:
- How long do I want life insurance coverage?
- Do I want my life insurance to work as an investment?
- How much coverage do I need?
- Will I be able to get more life insurance in the future?
- What is the most cost effective way to meet my goals?
Health insurance has drastically changed since the beginning of 2014. The new healthcare laws can be very confusing and very time consuming.
There are now two ways to secure new individual health plans: off the exchange, and on the exchange. Typically, on the exchange plans are utilized by families or individuals with a low enough income to qualify for a government subsidy. Off the exchange plans are very similar plans, but are typically secured by an individual or family that cannot qualify for a subsidy.
If you are one of the many people who are confused on which route to take in order to secure affordable healthcare, please contact one of our representatives.
A Medicare supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that Medicare doesn’t cover, like copayments, coinsurance, and deductibles.
Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.
A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits
Long Term Care
Long-Term Care includes a wide range of medical and support services for people with a degenerative condition (say Parkinson’s; or those that occur after a stroke), a prolonged illness (cancer) or a cognitive disorder (Alzheimer’s).
If these make you think of conditions that affect older individuals, you are right. Most people need long-term care in their later years (typically their 80s).
But, younger people need long-term care as a result of accidents (falling off roofs and motorcycle accidents especially for men) or illnesses that tend to inflict younger people like Multiple Sclerosis.
Long-Term Care is not necessarily medical care but rather “custodial care.” Custodial care involves providing individual assistance with activities of daily living. This assistance can be in the form of a nursing home, or stay-at-home care. Talk to one of representatives to see if you may qualify for a Long Term Care Policy.
Serious illnesses or accidents can come out of nowhere. They can interrupt your life, and your ability to work for months ─ even years. Long term disability can pay up to 60% of your income, so you have financial support to manage your disability and your household. Unfortunately, disability insurance is something most people do not think about until it is too late. To make sure your working ability is financially secured, contact one of our representatives to see if you may be eligible for Long Term Disability Insurance.