Louisville, Kentucky residents benefit tremendously by establishing a relationship with a qualified, sincere, and trustworthy insurance agent to help guide them in financial and estate planning. These relationships should be life-long. Each year, the insurance agent should conduct a review of the coverage that is in place to make sure it is adequate for all needs.
The very best insurance agents are trusted advisors for a lifetime. They do not want just to sell you something one-time; instead, they want to help you get the insurance coverage that best fits your desires and needs as you progress through life with its myriad of changes.
There are hundreds of insurance agents to choose from in Louisville, Kentucky. Use as a guide, your “gut” feeling to determine if the agent you are considering is honest, sincere, and has your best interests at heart. The agents at Aines Carter & Associates strive to be the best supporter and confidant of their clients. That is why so many residents of Louisville, Kentucky choose them for help with all of their insurance needs.
Health Insurance Considerations
If you are an older adult or getting close to the age when retirement benefits kick in and Medicare is available, then you will want to discuss the following with your agent in Louisville Kentucky:
Ask your agent at Aines Carter & Associates to help determine if you qualify for basic Medicare Insurance. The main requirements are, being a U.S. citizen or a permanent resident for at least the past five years and reaching the age of 65 years old.
Medicare Advantage Plans
Medicare Advantage Plans extend regular Medicare coverage to include more things like insurance coverage for any vision troubles, dental problems, and hearing difficulties.
Medicare Supplement Insurance covers things that basic Medicare does not, such as deductibles, co-payments, and co-insurance obligations. Some plans, under this type of insurance coverage, pay for things like certain hospital and/or medical services that are not covered by basic Medicare insurance.
Prescription Drug Plans
Some prescription drugs may be covered under Medicare Part D; however, many of the needed prescription drugs may not be covered by Medicare at all. This is why having an additional prescription drug plan, as part of comprehensive health insurance coverage, is a good idea.
Life Insurance Considerations
There is an old saying that says, “Life insurance is not worth anything until you are dead.” This is funny; however, it is not completely true. Life insurance, to protect loved ones, gives a living person tremendous peace of mind that if something happens and they are killed, their loved ones will be taken care of by the insurance proceeds.
Whole Life Insurance
Whole life insurance is both an insurance policy and an investment vehicle. It will accumulate cash value over the years that can be borrowed against, even if the insured person is still living.
Term Life Insurance
Term life insurance covers a specific period of time and does not build any cash value. Since there is no long-term investment value, term life insurance premiums are lower than whole life premiums for the same person at the same age.
Living to an Old Age
Long-Term Care Insurance
As Americans are living longer and many of the “baby boomers” are reaching retirement age, there is a need to consider the financial cost of long-term care. Extended stays in a nursing home can be very expensive. Long-term care insurance helps alleviate the financial burden of having to pay for these costs completely out-of-pocket.
Consult with your agent at Aines Carter & Associates to make sure you have adequate coverage for all of these needs.