Is Life Insurance Worth the Investment?

Life insurance

Things to Know About Life Insurance 

While talking about life insurance can be complicated and uneasy, it can pay off for you and your loved ones in the long run. Life is full of the unexpected, so it’s better to be prepared. So, you may be asking: “What is life insurance and why do I need it?” 
Life insurance is similar to other insurance services such as auto or dental. Like most insurances, life insurance is a contract between the insurance provider and the policy owner. This type of insurance can be used to protect your financial investments and loved ones in the case of early death. There are many life insurance policies that providers offer, so it’s important to go over your options with the provider of your choice. However, if you are considering life insurance, you shouldn’t wait too long. The longer you wait, the more expensive it becomes.

Finding the Right Plan for You

While there aren’t many reasons you would need life insurance, there is a fair list of reasons why you might want it. In most cases, people choose to purchase life insurance because it can provide financial relief to their families and loved ones if they pass away. It is important to know the two (2) types of life insurance plans to find the best one for you. Take a closer look at the two (2) categories to better understand the benefits and coverage options: 

  • Term life insurance, also known as “pure” life insurance, is between a set time period. Depending on your provider, it can be anywhere from 10 to 30 years long. It’s a simple and affordable option for those who want the reassurance of their beneficiaries getting a payout if they pass away in that period of time.
  • Whole life insurance, also known as “permanent” life insurance, is in effect for your entire life. A portion of the premiums you pay each month will go into your policy, which grows over time. Depending on your provider, certain types of whole life insurance can also have an investment component that allows policyholders to accumulate a cash value. 

Why you can Trust Fabian Ramirez

It’s an uneasy topic that most don’t think about, but you’re already off to a good start by looking into your life insurance options. Fabian Ramirez offers solutions to help you and your loved ones with things that aren’t even thought about, such as how to pay off your loans, pay for your funeral or even replace your income for your family so they can grieve without needing to worry about finances. Enjoy the convenience of a local insurance provider who puts your insurance needs a priority.

Discover the Benefits of Dental Insurance

Dental Insurance

Discover the Benefits of Dental Insurance

Did you know that tooth decay is the second most common disease after a common cold? 

While many wouldn’t consider dental insurance, it has many benefits. You have a head start on your oral and general health with dental insurance. Dental insurance allows you to schedule regular dental checkups with your dentist to detect dental issues early and maintain healthy oral hygiene. When you take a proactive approach, you are more in control of your health and can fix problems before they begin affecting your quality of life.

Understanding Dental Insurance

For people new to the world of insurance, technical jargon can lead to confusion and frustration when selecting the best plan for your life. Young adults trying to navigate the world on their own words, like network, copayment, and premium, can intimidate and steer people in the opposite direction. Below, we have listed a few words to know as you begin your journey:

  • Copayment (often called copay) is a fixed amount you pay for a covered health care service when received (ex., $25 per doctor’s visit).
  • Deductible – the amount you could owe before health insurance kicks in.
  • Network – the health care places and providers your insurer uses to provide you with your care. 
  • Premium – the cost that must be paid for your insurance; this is usually paid monthly, quarterly, or yearly by your and/or your employer.

For a complete list of medical insurance terms, visit here.

But What Does Dental Insurance Cover?

The cost of dental care is much more manageable with dental insurance. Coverage extends to basic needs like preventative services such as check-ups, cleanings, and more. Dental insurance also helps cover the expensive cost of prescriptions and lab tests, depending on your selected plan. Without coverage, these elements can make a significant dent in your wallet; don’t worry, the help of dental insurance is here to help. Let’s take a look at some coverage options: 

  • Dental Health Maintenance Organization (DHMO): This plan has restricted coverage with dentists in their network. However, you will experience lower premiums, shorter waiting periods, and no limit to the annual benefit. 
  • Preferred Provider Organization (PPO): This plan covers visits to outside-of-network providers, which is less expensive than in-network dentists.
  • Indemnity: With the Indemnity plan, you’ll have the most freedom. This plan covers visits with any dental provider (both in-network and out-of-network), but premiums may be higher. 

If you do not have a dental plan, you should explore your options to find the type of coverage you need. Luckily, a local insurance provider will help you every step of the way! When purchasing dental insurance through Fabian Ramirez Insurance Agency, LLC, you can be protected and feel confident in your coverage. Fabian and his insurance experts are ready to help you gain the quality care you deserve.  

In all, you can save money and have peace of mind with individual dental insurance. Now that you have some insight into the insurance world, you can feel better about selecting the health care options that fit your lifestyle the best.