Leone Insurance: Financial, Life, and Health

Financial, Life & Health

When it comes to life insurance, there are really only 2 main types that are predominately sold throughout America. Permanent and Temporary insurance. What is the Difference between them? Although both of these products give money to your beneficiary when you die, Permanent insurance can be compared to a house that you are buying. At the end of 30 years, the policy (house) is paid for and has value. It can be sold (cashed in) or kept. Temporary insurance, (commonly known as Term) can be compared to renting an apartment. Like a house, you are safe from the weather and have a comfortable place to lay your head at night, but at the end of 30 years, you are still paying the landlord your rent…and it probably has gone up in price. Many people, however, cannot afford a house (Permanent Insurance) right now and end up renting (buying Term), but the Term that Leone Insurance agency sells always contains the ‘rent with option to buy’ provision built right in to the contract. This means that any time during the ‘renting’ period, a person can opt to ‘buy’ the place and begin building up value for the future. Some people have wonderful 401-K plans at work and decide to let their future retirement cash accumulate in the plan at work while purchasing the cheapest Term insurance available in case they die prematurely. This works well too! In short, you decide what type of life insurance is best for you. If you know that you have a hard time saving money, perhaps you should look towards a Permanent type of plan. If you already are a saver, maybe low-cost term is the way to go. Call and we can discuss this and guide you through the decision-making process. We give prices over the phone on life insurance and don’t badger you at all afterwards. We figure that if you know you need life insurance, you don’t need some ‘cigar-chomping, foot in the door’ life insurance salesman on your front stoop every day. You take care of selling you. Our job is to make it easy.

Health Insurance (Individual)

There are several types of Individual Health insurance. Many folks desire to have a policy that pays for doctor visits, prescription drugs and outpatient lab fees up-front with little deductible. Others prefer to pay a large up-front deductible each year and then, if they have larger medical expenses, use their insurance. Yet other folks enjoy the new Health Savings Accounts wherein they place large amounts of money into the health insurance plan each year and if they get sick, they draw upon that money, but if they don’t use the cash, it accumulates in the health plan to help build a retirement account. There are tax advantages to the Health Savings Accounts that are not found in the other plans on the marketplace. Leone Insurance can guide you through the very confusing world of health insurance and has contracts with most of the well-known carriers..

Health Insurance - Group Plans.

If you are a business owner, we have many well-known companies offering every combination of health, vision, prescription drugs, short and long term disability plans found on the market today. Some are: Aetna, Anthem Blue Cross, United Health Care, Medical Mutual, Starmark, Golden Rule, John Alden. There is no need to go anywhere else. Call us for a price quote for your company.

Disability Income

This insurance is often overlooked by folks today because they assume that Social Security will take care of them if they are injured and no longer can work. Folks are a bit surprised to learn that 94% of the applicants for Social Security Disability are turned down. If you have a heart attack, a stroke or a car accident and you cannot put food on the table, just exactly what would you do? It happens to somebody every day. Disability Income pays you hundreds or even thousands of dollars a month while you are getting well…if you ever do get well. If you are healthy now, this is the time to consider looking into a disability income policy, while the prices are very low. Call Leone Insurance and we can secure prices for you with no obligation on your part, of course.

Retirement

It is becoming more and more apparent in today’s world that No One is saving for your retirement needs but YOU. And if you are ignoring this vital part of your finances, you should reconsider. If you don’t have access to 401-K plans at work and find yourself wondering just how you go about saving for the future, please give us folks at Leone Insurance a call. We specialize in Annuities. The systematic way to save, slowly but surely for your old age. You never lose money in an Annuity. No market ups and downs, No Bulls and Bears, No recessions, just steady growth. Sure, you can make it big in the markets if you know what you are doing, but I haven’t met anyone yet who does, unless they are already millionaires. To make sure you don’t end up in a rocking chair on the front porch of your grandkids one day, sleeping in the spare room in the basement, start mailing yourself checks to the future today. A couple of hundred dollars a month in your Annuity IRA account will be worth over 150,000 in 30 years. At age 65 that translates into more than 1000 per month income for life.
Add that to your social security (what ever amount that might be) and you can stay in your own home and invite the grandkids over for an Easter Egg Hunt each spring. Call Leone Insurance to find out the details.