Three Types of Insurance Policies Every Worker Should Consider

Screen Shot 2015-10-20 at 4.09.54 PMThere are so many different types of insurance plans offered today through employee benefit programs and the private sector that it can be intimidating for young workers to know which types to purchase. These three important types of insurance plans are worth considering if you are an adult. Call your local independent financial advisor to learn more about
any of these types of policies.

Life Insurance

Life insurance gives individuals peace of mind that if a tragedy resulting in their untimely death should occur, their family will be taken care of. Life insurance is recommended for many adults, especially those who support children, spouses, or loved ones with special needs. No two life insurance policies are the same, so anyone interested in learning how life insurance can provide for the education, retirement, and other needs of family members should visit an independent financial advisor for personalized advice.

Health Insurance

The Patient Protection and Affordable Care Act has made choosing a health insurance provider a little more complicated. There are many different plans to choose from, with a variety of providers offering varying levels of coverage and different benefits and deductibles. It’s difficult for many people to understand what exactly all these terms mean and what the best options are for their family. Every resident of the United States is now required to carry health insurance or face a tax penalty, and an independent financial advisor can help each client enroll in the right plan based on their income, health, and occupation.

Disability Insurance

Anyone who has provided for a family or taken care of a loved one has wondered what would happen to them and their dependents if an illness or injury should prevent her from doing her job. This is where disability insurance comes in: if the insured worker becomes ill, injured, or otherwise unable to physically perform the duties of her job, disability insurance would replace his or her lost income. While disability insurance is only required in five states, which include New York, New Jersey, Rhode Island, California, and Hawaii, it’s recommended that every worker consider investing in it to protect their ability to earn money.

When you’re ready to set up a life, health, or disability insurance policy, call your independent financial advisor for expert guidance!

Resources:
https://www.highpointadv.com/
http://www.lifehappens.org/insurance-overview/life-insurance/calculate-your-needs/
http://www.nerdwallet.com/blog/health/health-insurance-guide/
https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/
http://www.shrm.org/templatestools/hrqa/pages/stateswithstd.aspx

 

Thanks to Pictures of Money on Flickr for the image used in this post.

Leave a Reply