Life, Health, Disability and Long-Term Care Insurance

At Prosper Financial, our team consists of skilled and well-informed advisors here to ensure that you know your many insurance options and comprehend the role insurance will play in your future.

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Life, Health, Disability and Long-Term Care Insurance

Life, Health, Disability and Long-Term Care Insurance

People do not usually consider things such as life insurance, disability insurance, or long-term care insurance while they are young. Nonetheless, the reality is that a considerable portion of individuals will encounter a disability in their lifetime, and most aging individuals will need some type of long-term care prior to the end of their life. Moreover, all individuals need medical assistance throughout their life, despite their age; and ultimately, everybody’s life does end. This is why delaying until it is too late to purchase specific types of insurance does not always make much sense.

Reasons for Buying Insurance

Driving a car without auto insurance is so risky that it’s illegal. Likewise, few people are comfortable living in their homes without homeowners’ or renters’ insurance, as they want to safeguard and protect their possessions as much as they can. If you’re taking steps to protect these important investments, why wouldn’t you buy insurance to safeguard both your life and your financial well-being?

While not every type of insurance is necessary for everyone, some types of insurance can prove to be highly beneficial to policyholders. The skilled team at Prosper Financial can assist you in understanding the different kinds of insurance that are available, and which policies may be well suited for your needs.

Life Insurance

When preparing for the future for both yourself and your family,  whether or not you should buy life insurance is a very critical question. Because there are many different kinds of life insurance, you may be wondering which is the best choice for you. All life insurance policies are based on a straightforward concept: a life insurance policy is an agreement between you and an insurance company that if you die, the insurance company will pay a sum of money to your beneficiaries. That said, there are about ten types of life insurance policies on the market that are available.

Health Insurance

Regarding health care insurance in the United States, there is no question that you should have health insurance. The problem, however, is where you should get health insurance, whether or not you should start using Medicare when you are qualified, and which type of policy you should select. Our mission is to give you a comprehensive review to understand better which health insurance plan is right for you.

Disability Insurance

For some individuals, disability insurance can be a very vital type of insurance. Disability insurance provides monthly coverage to help pay for a person’s monthly costs if they are disabled and incapable of working. Standard disability insurance policies contain long-term and short-term disability insurance, individual credit and mortgage disability insurance.

Long-Term Care Insurance

The cost of long-term care can be staggering—nursing homes, hospice care, and assisted living can run into hundreds of thousands of dollars. Long-term care insurance helps to cover these costs by making monthly payments to help pay for these services. Many factors affect the price of a long-term care insurance policy, such as how old you are when you purchase the policy and how much coverage you want.

To learn about the independent financial services we offer as well as which insurance option is right for you, give us a call today. We will be delighted to work with you.