Here at Creating Possibilities, LLC we offer multiple kinds of insurance
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Build trust by planning ahead.
Life Insurance
Insurance that pays out a sum of money either on the death of the insured person or after a set period.
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Term: Insurance that is set for a number of years in which a premium is paid in the event of a death the carrier will pay a beneficiary, a death benefit.
Whole Life: An investment like tax deferred saving accounts that earns interest at a fixed rate; a portion of the premium goes towards the cost of maintaining the insurance policy and the rest goes towards the cash value account.
Universal Life: A flexible permanent life insurance policy that allows a decrease or increase in the amount paid toward its premiums.
Variable Life Insurance: Comes with a guaranteed minimum death benefit, the cash value amount is not guaranteed and will depend on market conditions. This policy allows one to invest the money from cash value in various funds offered by the insurance company, including mutual funds.
Final Expense: Also known as burial insurance; this plan is designed to pay a small death benefit to your family to help cover end of life expenses.
Health Insurance
A contract that requires your health insurer to pay some or all of your health care costs in exchange for a premium
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Traditional Long Term Care Insurance: Designed to cover long term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or another facility.
Hybrid Long Term Care Insurance: Life insurance policy that integrates long term care insurance, generally through a rider. This policy type pays out part of the death benefit to pay for care if you no longer care for yourself.
Term with a Rider: An addition to a term policy that slightly changes how your life insurance works allowing you to use part or all of the policies death benefit for long term care while you are alive.
Medicare
Federal health insurance program for people who are 65 or older. Certain younger people with disabilities. People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
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Traditional: A fee-for-service health plan that has two parts: Part A (Hospital Insurance) and Part B (Medical Insurance)
Advantage Plan: Plans that cover what Medicare covers along with a prescription drug plan.
Long-Term Care Insurance
Funds to help provide care for an individual whom cannot care oneself
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Indemnity: An agreement where your insurer helps cover loss, damage, or liability incurred from a covered event. (Example: Hospitalization)
Affordable Care Act: A comprehensive health care reform law passed in 2010 that provides health insurance when a premium is paid.
Private: Health insurance plans marketed by the private health insurance industry as opposed to government-run insurance programs.
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