Many people are forced to deal with the fact that Medicare does not cover 100% of all medical costs, and those costs are soaring. Thankfully, a supplementary policy fills those coverage gaps. Coleman & Associates Insurance offers Medicare supplement policies from all the most competitive and competent companies in both Kentucky and Indiana.
A Medicare Advantage plan is another health coverage option you may choose as part of your Medicare. These plans are offered by private insurance companies that are approved by Medicare. Coleman & Associates will research all the best providers in your area and match you with a plan that fits your budget and health care needs. Medicare Advantage plans are not considered supplemental coverage.
Coleman & Associates offers prescription drug coverage (Part D) options from all the most competitive carriers to everyone with Medicare. To get Medicare drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered. One of our agents can custom fit the best plan for your personal needs.
Coleman & Associates can offer expert advice with easy LTC policy evaluation and comparison. By 2030, one in five Americans will be a senior citizen. If you are a Baby Boomer, this includes you. Americans are living longer and healthier, thanks to better diet, better medical care and safer living & working environments. Yet no one is immune to the effects of aging and longevity - effects that often result in reduced physical or mental ability. In 2000, an estimated 9 million Americans were senior citizens requiring care with average costs of $55,750 per year. It's currently near $75,000 per year. By 2030 those needing LTC will skyrocket to 23+ million Americans, with projected, individual long term care costs reaching $300,000 annually per individual!
You've worked hard to build your retirement savings. It only makes sense to collaberate with a reliable professional who can present ways to safeguard what you have accumulated.
As you retire, think about whether your investment goals and risk tolerance have changed. There are many income investment options available to help meet your needs. Annuities are insurance contracts that make guaranteed payments now or in the future while earning interest without the risk of market fluctuation.
We can help you build or update your investment strategy, estimate expenses, explore how much income you may have, and see how long your money may last in retirement. We can help you generate income from your investments, provide tax-smart strategies, and help you build a safe, flexible plan to adapt to your changing needs.
A life insurance policy is in place to protect your dependents financially in the event of your death. Properly designed, the benefit from a life insurance policy can provide income for your family. It can also provide liquid capital to pay estate taxes and other obligations.
There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you want life insurance to cover costs until certain other financial obligations lessen. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.
But remember, the best way to assess the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.
Welcome to the Coleman and Associates, an insurance company leader located in Louisville, KY serving all of Kentucky and Southern Indiana.
Just imagine. A friendly local insurance company with better solutions, choices and convenience, where your call is answered in person, and often returned on the same business day.
Coleman and Associates will provide a quote on your most affordable insurance options. We Offer: Medicare options, life insurance,and Retirement income protection and planning.
