Life, Health, & Disability Insurance in Orlando, FL
Accidents and illnesses can happen unexpectedly and lead to serious health problems. Whether circumstances leave you fighting for your life or with a long recovery road ahead, if something happens to you, it’s critical to have proper insurance coverage to take care of yourself and your loved ones.
What Is Health Insurance?
Health insurance is an essential coverage that can help you access doctors and hospitals, and pay for medical expenses, such as prescriptions, treatments and preventive care. There are many different options when it comes to health insurance plans, such as the following:
- Individual
- Family
- Group health
- Vision
- Dental
- Disability
- Long-term care (LTC)
- Medical spending accounts (e.g., health savings accounts, flexible spending accounts and health reimbursement arrangements)
Health insurance plans can be adjusted or augmented to take into account your budget and medical needs.
What Is Life Insurance?
In the event of your death, life insurance can assist survivors with various expenses. This coverage provides a predetermined sum of money to the policy’s beneficiary, which may be essential for keeping your family and loved ones afloat financially after your death.
The two most common types of life insurance are:
- Term life insurance—This kind of policy only provides coverage temporarily. Your insurance will include protection during a specific period and will be paid out if your death occurs during that time.
- Permanent life insurance—This coverage remains active throughout your life and will pay out the full amount as long as you continue to pay your premiums. In addition, these policies accumulate cash value, meaning it may be able to provide a gradual source of income to the beneficiary.
While term and permanent life insurance are the most common policies, there are others that our agency can help you explore.
Disability insurance can help protect your finances if you suffer from an unexpected injury or illness that prevents you from working. With disability insurance, you may receive a portion of your income even after you can no longer work, whether for a short or long period. Learn more about disability insurance below.
Short and Long-Term Disability Insurance
There are typically two types of disability insurance: short-term and long-term disability.
- Short-term disability coverage can help replace income immediately after a covered person experiences a disability. There is typically a specific amount of time of injury or illness that a short-term disability policy will cover.
- Long-term disability insurance helps provide income if the disability lasts for years. With long-term disability coverage, there may be a more extended grace period between the illness or accident and when you begin receiving payments.
Who Needs Disability Insurance?
Any employee who depends on their income from work to pay bills may benefit from having disability insurance coverage after an accident or illness prevents them from continuing with their job.
Protect Yourself With the Right Coverage
Even people in good health can be blindsided by an unexpected accident or unforeseen circumstances. In these situations, the right health, life, & disability insurance policies can provide your family with financial stability and peace of mind. Contact New Venture , L.L.C Insurance Agency today to receive a quote and learn more.