Life / Health Insurance

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-Chau M., Aliso Viejo, California 

Life Insurance Coverage From Insurance Solutions

Life insurance is necessary for people of all ages; it is much more important than many realize. The reasons why you should purchase this type of insurance can vary and sometimes it is confusing to decipher what type of life policy you should buy. At Insurance Solutions, we make understanding life insurance easy!

Typically there are two types of life insurance policies you can purchase:

Whole Life Insurance

Whole life insurance policies pay a death benefit when you pass away, no matter what age, and generally covers you for your entire life, hence the name. There are two types of whole life policies: universal and variable. Universal whole life provides the policyholder with some flexibility in terms of death benefits and premium payments. Variable whole life policies combine your coverage with your investments. This can be a risk, as if your investments do not perform well, the value of your death benefits and your coverage can decline as well.

Term Life Insurance

This is the least complicated form of life insurance. Term life policies pay a death benefit only when death occurs during the policy term, which is usually no longer than 30 years. There are two types of term life policies: level term and decreasing term. Level term policies require that the death benefit stays the same throughout the existence of you policy, while decreasing term policies require that the death benefit drops in set increments throughout the existent of your policy. Level term life policies are the most popular.

If you find yourself wondering why you should purchase life insurance, consider the following reasons:

• To pay final expenses
• To replace income for your dependents
• To ensure an inheritance for your heirs
• To create a source to savings
• To cover federal/state death taxes
• To make significant charitable donations (naming a charity as a beneficiary)

The agents at Insurance Solutions can help you with any life insurance questions you may have and information you may need. Contact us today and fill out our free quote form!

Health Insurance Coverage From Insurance Solutions

It is almost impossible to live without health insurance these days, there’s no doubt about that. With the rising costs of health care, some people are finding it impossible to find affordable coverage. Whether your employer does not offer health coverage, or you are self employed, you may find yourself in a position where you need to seek your own health insurance policy.

Health Insurance policies most often offer coverage for:

Although every Health Insurance policy is different, typically you can work with your insurance agent to create a policy that best suits your lifestyle and needs. It is important to consider your financial situation AND the health of you and your family members when creating a Health Insurance policy. Most insurance agents can offer you two types of health care coverage:

Indemnity Plans (or Fee-for services plans)

• Cafeteria/Flexible Spending Plans
• Indemnity Health Plans
• Basic & Essential Health Plans
• High Deductible Health Plans (HDHP)
• Health Savings Accounts (HSA)

Managed Care Plans

• Health Maintenance Organizations (HMOs)
• Preferred Provider Organizations (PPO)

Your insurance agent may also provide Medicare supplements, long term care, income protection, etc. Contact Insurance Solutions today for a free Health Insurance quote and more information on all of the policy options we offer.