What is Term Life Insurance?

Term life insurance (also known as term assurance) is life insurance that provides coverage at a fixed rate of payments for a set period of time. After that period expires, coverage at the previous rate of premiums is no longer guaranteed. The client must then either forgo coverage or potentially obtain further coverage with different…

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Life Insurance

In this post, you will find common questions our team receives when someone contacts us about purchasing life insurance.  What is life insurance? According to dictionary.com, life insurance is: “insurance that pays out a sum of money either on the death of the insured person or after a set period. https://www.dictionary.com/browse/life-insurance In addition, life insurance…

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What is a co-pay?

Co-pay  /ˈkōˌpā/ Noun  A contribution made by an insured person toward the cost of medical treatment or other services: US “plans with low premiums are more likely to have high co-pays”. https://www.dictionary.com/browse/copay A co-pay (or copay or co-payment) is a set fee that you pay when you go to your doctor or fill a prescription.…

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What is a deductible?

Most health insurance plans have a deductible that designates the amount of money someone must pay before the insurance company (health plan) starts covering some or all of the major expenses.

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