The Annual Election Period is over, Santa has come and gone, we’ve celebrated the beginning of a new year –what’s next?
Now that you’ve taken care of your medical and drug plans for 2021, TV commercials are telling us we need a dental plan while others tell us to buy life insurance to pay burial expenses. I share conversations Ruth and I have at lunch as well as questions Ruth and her friends have. Since some of you have called and asked me about the insurance I personally have, I going to share that with you. I have dental insurance and it has been a money saver for me. Even though I go to the dentist every six (6) months and “brush regularly”, I am still the proud owner of some crowns. And crowns are expensive – about $1000 each. Since my dental insurance pays 50% of the cost of a crown, my cost has been reduced from $1000 to $500. Even though $500 is a lot, it’s a whole lot less than $1000 – or seems like it. When I go to the dentist twice a year, I only pay my small deductible one (1) time and the balance is paid by my dental insurance. I walk in the dentist office, have my teeth cleaned and examined and x-rays once a year and walk out owing nothing! You may be asking how much do I pay monthly for this plan? It varies depending on the plan you choose – you may be surprised how reasonable it is and everything it covers including implants which are really expensive. Life insurance is readily accessible, guaranteed to be there when it’s needed and quick to get when you die. Your family doesn’t have to sell anything or liquidate investments or cash in a CD. Life insurance can provide monies for whatever your heirs need it for - burial or other expenses. Money may be needed to pay monthly living expenses for your heirs while they adjust and make adjustments for no longer having your monthly income. I have a small life insurance policy for those reasons. How much life insurance do you need? Is a small policy enough? These answers are specific to you and your situation. Do you have handy, readily accessible cash? Would you like to leave your family debit free? Do you have monthly credit card balances? Would you just like to leave your heirs some cash to make things easier for them? or give to a charity? There are few charities that are meaningful to me that help those who are hungry or homeless or sick or help dogs and cats who need food and a home. It makes me happy to know they will benefit from my life insurance. What’s next for you - a dental plan? A life insurance policy? I’d like to hear about your plan. Call me at 501-868-6650 and say “Caroline, can we talk?”
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AuthorCaroline Beauchamp specializes in personalized life and health insurance solutions. Archives
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