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Whole
life insurance policies provide death benefit and cash value. The death benefit
remains the same, however, the cash value increases as long as the policy holder
continues paying the premiums and will remain the same as when the policy was
purchased.
By utilizing our SelectaPlanSM, we can quickly direct you to the plan(s) that will best meet
yours and your family’s needs, or the needs of your company. Click
here for the option of purchasing online or downloading an application and submitting the
completed application via fax or mail.
Individual/Family & Travel/Medical
Insurances
International travel can be an exciting adventure, but it can also bring many unpredictable
situations if you should need medical care while you are abroad. We provide US citizens and
US residents with international insurance resources to ease the stress of an unfamiliar culture
or medical system. Whether you need individual coverage for a vacation, or group coverage for
employees in locations around the world, Angelo Insurance Agency has a product to meet your
needs.
Individual & Family
Individual and family and major medical insurance has become a MUST. Without medical insurance
you may not be able to obtain the proper medical and health care needed when an illness or
accident strikes. With the proper and adequate health insurance your medical bills will be
paid by your health insurance carrier.
International Insurance Plans
We provide U.S. citizens
and non-U.S. citizens with International insurance resources to ease the stress of
an unfamiliar culture or medical system.
Click
here for International Coverage.
Other Products
Click any of the links below to request additional information or quotes for Travel Medical
and other insurance products.
Whole
Life insurance
policies provide death benefit and cash value. The death benefit remains the
same, however, the cash value increases as long as the policy holder continues
paying the premiums and will remain the same as when the policy was purchased.
Universal Life insurance
is a flexible insurance policy that has varying premiums, face amount, death benefits,
and interest rates. There are advantages and disadvantages in Universal Life. Death
benefits and cash value and the length of payment and interest may increase or decrease
depending on the amount of premium opted. High interest rate, longer timeframe and
increased premiums will increase cash value and death benefit. Low interest rate
and premiums and short payment will decrease these benefits. Essentially it is to
the policy holder’s advantage to pay the maximum premium available so that there
is a greater possibility that premiums will not be required from time to time, and
benefits may not be affected.
Variable Life is similar to Universal Life. Death benefit and cash value depends
entirely on the investment performance, which is vested in mutual funds and other
investments. Some benefits are not guaranteed.
Level Term insurance
provides a set death benefit for a particular period, for example, a 10, 20, or 30
year term. The premium increases after a determined period, and/or as the insured
gets older. Level term insurance is usually used by someone who may be financially
obligated to another for a certain amount and for a determined period. Level term
can also be converted to permanent life insurance.
Decreasing Term insurance
is less expensive than level term. The premiums remain level, however, the death
benefit decreases. Decreasing term insurance is typically used for debt reduction.
Disability Income Protection Insurance is used to replace an individual’s income,
should s/he become disabled and unable to work. The plan will pay the agreed
upon income to the insured after the elimination period. The benefits will be
paid until the benefit period, or when the insured can return to work.
Elimination
Period is the time that the insured
becomes disabled and when the benefit starts. Benefit can be paid from the first
day of disability, or after 15, 30 or 60 days, or even a year after the disability.
This depends on the length of time an insured can endure the lack of steady income
before facing financial hardship. The elimination period has to be established
at the time the coverage is elected.
Benefit
Period is the length of time benefits
are paid after a disability. The period can be from six months to age 65. The insured
can choose 6 months, 1, 2, 5 or 10 years, or can have his/her benefits paid until
age 65. The period must be established at the time of application.
Our major medical
insurance coverage is underwritten by ASSURANT HEALTH INSURANCE COMPANY, one of
our major health insurance carriers for individuals, families and small groups
and we customize all health insurance plans to suit your needs.
For more information
on medical insurance, contact us through the contact
form or call (860) 223-7777.
Group Medical
Insurance is a small group medical insurance enrollment that
begins at two full time employees; large group can be from 51 full time employees
and up. Large group size is unlimited. |
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