Long Term Care and Life Insurance Products
It's important that you prepare ahead to protect your family and loved ones, should you require long term care and when you die. Avery Hall has long term care and life insurance solutions, offered by America's most financially secure, A+ rated companies. Our products include:
Long Term Care Insurance - This insurance will pay for the cost of custodial care at home, in adult day care, at an assisted living facility or in a nursing home. The care will help you with bathing, dressing, eating, etc. – the activities of daily living. The annual cost of care in a nursing home can vary between $50,000 and $110,000 depending on where you live. 75% of those who reach age 65 will need some kind of care. It is important to plan on how you are going to pay for it. To learn more about how Avery Hall's long term care insurance can help, complete our long term care insurance application. We'll contact you the next business day to discuss your options.
Term Life Insurance - Term Life Insurance – This is the most basic and usually the most affordable. Policies can be purchased for a specified period of time, 10, 20, or 30 years. If you die within the time period defined in your policy, the insurance company will pay your beneficiary. Term insurance is useful if you can afford only a low-cost option or if you only need life insurance for a certain period of time. For more information on term life insurance, complete our term life insurance quote form.
Whole Life Insurance - Whole Life policies are a type of permanent insurance which has a premium that stays the same throughout the life of the policy. Although the premiums may seem higher than the risk of death in the early years, these “overpayments” can accumulate cash value and are invested in the company’s general portfolio. You may be able to borrow funds from the cash value or surrender your policy for its cash value. Loan and withdrawals will reduce the policy’s death benefit. This type of policy can last a lifetime. If you think that whole life insurance is the right product for you, please complete our whole life insurance quote form.
Universal Life Insurance - These policies offer flexible premium payments over time, and the potential for a higher rate of return. Premiums paid into the policy increase its cash value, and the cash value receives interest payments. In high interest rate environments, the interest paid can actually pay your policy premiums. The death benefit of a universal life insurance policy is flexible. To learn more about universal life insurance protection, fill out our universal life insurance application.
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