Life and Health Insurance
In the event of a tragedy, life insurance proceeds can help cover everyday expenses, like the mortgage and household bills. The cash received from a policy (the death benefit) can help protect your family from being burdened with debt. In addition to helping meet your family's immediate financial needs, life insurance can also be used to help keep a business thriving, help finance future needs like your children's education or supplement your retirement funds.
You may know the distinct pride you get in purchasing your own home or car. Ownership can give a certain comfort, a certain satisfaction that your financial stability is solid, secure, and even permanent. Wouldn't you like to feel that way about your family's financial future – even if you weren't around to provide for them? When you purchase life insurance, you select a plan that provides the right kind of protection for your family.
Although a fraction of the population still believes they don’t need health insurance, most Americans are getting the message that it’s getting easier to research and buy coverage – whether it’s through the exchanges (where subsidies are available) or off-exchange. (Of those who recently enrolled through the marketplaces, 85 percent received premium tax credits.)Thanks to improved online tools, it’s easier than ever to compare health plans– from benefits to premiums and out-of-pocket expenses – while the federal government has mandated improved transparency regarding networks and formulary information.
Of course, by purchasing coverage, you can also avoid or minimize an Obamacare penalty established through the ACA’s individual mandate. Those penalties are increasing again for people who are uninsured and not exempt from the requirement to have health insurance.But most important of all, it simply makes sense to cover yourself and your family with an ACA-compliant plan that covers the essential health benefitsand offers a full range of consumer protections – including protection from staggering financial burdens that result from medical care.