Many individuals and families obtain health insurance and, in certain situations, basic life insurance as a reward from their jobs. Many others, however, work for tiny businesses that cannot afford to provide these vital benefits, leaving them to fend for themselves when it comes to shielding their money from the devastation that might result from an unplanned accident, illness, or death in the family.
In order to protect yourself and your family from financial disaster, you must have both health and life insurance. Why? To begin with, you simply cannot ignore the fact that everyone will become unwell at some point during their lives. Even if you are currently healthy, if you do not have health insurance, an unforeseen illness or injury can swiftly devastate your finances. Health insurance enables you to pay for the medical care you require when you require it.
You can be shielded from many of the crippling costs of even basic health care with the correct health insurance plan.
Life insurance is also necessary to safeguard your family's financial security. Life insurance comes in a variety of shapes and sizes, but in general, it provides a lump sum death benefit to your beneficiaries in the case of your death. This money can be used to help your family pay off debts, funeral expenses, and estate taxes, as well as provide an inheritance.
Life insurance should be a key component of your long-term financial strategy. Term life and permanent life insurance are the two basic types of life insurance. Term life insurance protects your dependents for a set period (e.g., 10, 20, or 30 years) and is often used to cover some final expenses and income replacement. Permanent life insurance is a complicated financial tool that comes in many different forms. Along with the death benefits, permanent life insurance includes a long-term savings or investment component.
Individual health and life insurance is critical for those who do not have access to these benefits through their employers or are self-employed. Individual health and life insurance can be expertly advised by All Graham Insurance Solutions. Despite the Affordable Care Act's quick changes to the health insurance marketplace, we can assist you in finding and purchasing the correct health insurance plan to match your needs. To discover more, give us a call on 704-780-1469 right now.
