Life and Health Insurance
Texas Life and Health Insurance
What Is Health Insurance?
Health insurance is an essential coverage that can help you access doctors and hospitals, and pay for medical expenses, such as prescriptions, treatments, and preventive care. There are many different options when it comes to health insurance plans, such as the following:
- Group Health
- Long-term care (LTC)
- Medical spending accounts (e.g., health savings accounts, flexible spending accounts, and health reimbursement arrangements)
Health insurance plans can be adjusted or augmented to take into account your budget and medical needs.
PET HEALTH INSURANCE
Anyone who has ever taken a sick or injured pet to the vet knows how expensive veterinary care can be. It’s in those situations where having a financial safety net to fall back on can be most helpful. It’s also in those situations where you shouldn’t have to decide between the health of your pet and your family’s financial well-being.
What Is Life Insurance?
In the event of your death, life insurance can assist survivors with various expenses. This coverage provides a predetermined sum of money to the policy’s beneficiary, which may be essential for keeping your family and loved ones afloat financially after your death.
The two most common types of life insurance are:
- Term life insurance—This kind of policy only provides coverage temporarily. Your insurance will include protection during a specific period and will be paid out if your death occurs during that time.
- Permanent life insurance—This coverage remains active throughout your life and will pay out the full amount as long as you continue to pay your premiums. In addition, these policies accumulate cash value, meaning it may be able to provide a gradual source of income to the beneficiary.
While term and permanent life insurance are the most common policies, there are others that our agency can help you explore.
Protect Yourself With the Right Coverage
Even people in good health can be blindsided by an unexpected accident or unforeseen circumstances. In these situations, the right health and life insurance policies can provide your family with financial stability and peace of mind. Contact Contigo insurance today to receive a quote and learn more.