- World Health
- Aig
- Blue Cross Blue Shield
- Fidelity Life
- John Hancocke
- Oxford
- Settlers Life
- Life
- Health
- Medicare Supplement
- Long Term Care
- Burial
- Fixed Annuities
Health Insurance :
Take time to understand your health plan -- it can help save healthcare dollars for you and for all Americans. For example, many health plans offer a reduced co-pay if you choose FDA-approved generic prescription drugs, so you pay less. Because the average total cost of a generic drug is three times less than the brand name, it helps keep costs down in your health plan.
Understanding the basics of how health insurance works and how to make the most of your own health plan can help keep healthcare affordable for everyone.
Long Term Helthcare :
Long-term care insurance, an insurance product sold in the United States, helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.
Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living such as dressing, bathing, eating, toileting, getting in and out of a bed or chair, and walking.
Long-term care isn't necessarily long term. A person may need care for only a few months to recover from surgery or illness.
As an individual ages, there is an increased risk of needing long-term care. In the United States, Medicare will not cover the expenses of long-term care, but Medicaid will for those who can not afford to pay.
Age is not a determining factor in needing long-term care.
Life Insurance :
Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals or in lump sums (so-called "paid up" insurance). There may be designs in some countries where: (Assets, Bills, and death expenses plus catering for after funeral expenses should be included in Policy Premium. Anyone whose assets equal more than the value of their primary residence should not be compensated beyond that value in case they cannot sell their house. In the case of those whose lost their spouse should be compensated also for one full year the wages of their spouse which would or should be included to avoid lawsuits.) However in the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.
As with most insurance policies, life insurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. To be a life policy the insured event must be based upon life (or lives) of the people named in the policy.
Insured events that may be covered include:
death
accidental death
sickness
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide (after 2 years suicide has to be paid in full)(in India after one year Suicide is covered), fraud, war, riot and civil commotion.
Life based contracts tend to fall into two major categories:
Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance.
Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the US anyway) are whole life, universal life and variable life policies
Welcome to Breeding Insurance Agency
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Agent :
Robert Breeding
1485 Maple Leaf Drive
Morristown, Tn. 37814
Phone : 423-748-6939
Fax : 423-373-1285
We offer insurance to fit your needs
For your Life and Health Insurance Needs call Robert at 423-748-6939
Robert Breeding
Site Designed and Maintaned By :
A little about the different kinds of insurance.
Annuities :
Annuities are an important part of retirement and investment plans, designed to help your assets grow and provide a steady stream of income when you decide to retire. An annuity is an agreement between you and an insurance company, where you accumulate your funds in a tax advantaged manner and can later receive a series of payments provided by the insurance company for a determined period of time, either a number of years or for life, beginning right away, or in the future, whatever your needs are.
Medicare Supplements :
This insurance covers some of the expenses not paid by Medicare. Medicare supplement products are standardized -- insurers may sell 10 standard plans plus one high deductible plan which are labeled: "A", "B", "C", "D", "E", "F", "G", "H", "I", and "J" plans.
Fixed Annuities :
An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal.
A fairly good financial instrument for those looking to receive a fixed investment income.
Term Life Insurance :
Term life insurance is the type of insurance which pays the face amount of the policy applied for upon the death of the insured. This amount can be paid in lump sum form or in income form. How payment is made depends, more often than not, on the choice of the insured. On occasion the decision is left up to the beneficiary. There is much more to the definition of term life insurance.
A term life policy can be issued at any age but many life insurance companies do not sell it to persons beyond age 65. There are usually no cash values attached to this policy, however, in recent years insurance companies have created what is called a return of premium term life insurance policy. If you should live beyond the specified term period you get back all you have paid. The introduction of this policy has changed the definition of term life insurance somewhat.
