Beede Insurance’s Products
Beede Insurance offers a variety of insurance products to help protect your family and your assets. Learn more about Beede Insurance’s products below, then Contact Us with any questions you have, or to request your Free Quote.
Long-term health care refers to the help that people with chronic illnesses, disabilities or other conditions need on a daily basis over an extended period of time. The type of help needed can range from assistance with activities of daily living ( bathing, dressing, eating, grooming, using the bathroom and moving around) to community services such as meals, adult day care and transportation services.
Long-term care insurance typically covers out-of-pocket expenses that come with home care, assisted living and nursing homes. It is difficult to predict how much or what type of long-term care a person might need. The policies are triggered once you can’t perform two of the six so called activities of daily living or suffer from severe cognitive impairment. Recovery from a heart attack, stroke or other major surgeries can also trigger long-term care eligibility.
You have to be medically healthy to qualify for long-term care coverage, so it is advantageous to purchase long-term care plans in your 50s or early 60s before rising premiums or worsening health impacts premiums or acceptance to the plan.
Hybrid life and long-term care policies are becoming popular as a way to combat this situation. These policies combine long-term care insurance with permanent life insurance. A policy holder can withdraw funds from the policy to pay for long-term care. If the policy holder never needs the funds then their heirs receive a death benefit. For more detailed information for long-term care options, please contact my office. We have a wide array of plan choices that can be tailored to fit your needs and budget.
Insurance gives you the peace of mind that no matter where you need care, you will have the money to cover at least a portion of the bill.
Getting ready to retire or turning 65 means many new decisions need to be made. Nowadays, retirement can last decades, and age brings on many potential threats to your financial health. As more companies are phasing out the traditional pension plan, many retirees face the possibility of outliving their savings. Let’s briefly review the steps you might consider to ensure your money lasts as long as you do.
Annuities are like a “do-it-yourself” pension plan. You provide a lump sum of money up front to an insurance company and, in return, get a guaranteed stream of regular payments for the rest of your life (or for some specified period of time). Annuities come in roughly two varieties: indexed and fixed. I’ll explain the differences so you can see if an annuity might be a good fit for you. Some annuities can even help pay for long term care should you need it.
Health insurance becomes a huge factor when turning 65. Medicare becomes available. What do you choose and when do you start? Let me help make the choices easy and uncomplicated. I specialize in senior health care. I can assist you in choosing secondary insurance to parts A and B as well as Part D. Let me explain each part. Supplemental insurance (known as medi-gap) is available from private insurance companies and is a consideration to help cover out-of-pocket expenses not covered by traditional Medicare. Medicare advantage plans are another option that give you a choice of PPOs or HMOs for your health care. Each plan has advantages and disadvantages.
Let me be your guide through the Medicare maze. Make this an exciting stage in your life as you prepare for retirement.
Life insurance is a crucial step in planning for your future and the future of your loved ones.
Term Life Insurance provides life insurance protection for a specified period of time. Term life is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy.
Universal Life Insurance is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. The savings element, premiums and death benefit can be reviewed and altered as a policyholder’s circumstances change.
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