Dabolt Insurance Agency

If you have a son or daughter heading off to college, consider having them take out whole or term life insurance. Making the low monthly payments is a great way for them to build their credit rating.

So what exactly is Medicare Part A? This is the part of Medicare that works like hospital insurance, covering everything from inpatient hospital stays to care in a skilled nursing facility and hospice care. Some home health care may be covered as well.

Can you afford your deductible? While raising the deductible on an insurance policy lowers the monthly premium, you still need to have cash reserves to pay it when needed. Ask your agent how lowering the deductible will affect the premium it may make sense.

If you cannot afford to pay your Medicare premiums and other medical costs, you may be able to get help on a state level. There are state-based programs available for people who are entitled to Medicare and are at a low-income level.

If you are thinking of making changes to your Medicare plan(s), we can review your current coverage, help you select a plan most favorable to you, and have everything in place and ready to go when the next enrollment period begins.

Confused about your life insurance options? Essentially, you have four basic policy types to choose from. These include term, whole life, universal life, and variable life.

New types of life insurance products are always being introduced. An insurance expert is familiar with all the available products and, after becoming familiar with your background, can decide if any are worth purchasing.

If you are planning to travel abroad, ask your health insurance company if your policy is valid overseas, and if it covers emergency expenses. If it does not, consider supplemental insurance that covers the dates of your trip.

It’s important to understand that anyone who is eligible for free Medicare hospital insurance (Part A) can also enroll in Medicare medical insurance (Part B) by paying a monthly premium. The level of premium you pay is generally income-based.

You may think that it’s a hardship to save money, and it can be. But there’s nothing like the comfort of knowing that your family will be secure after you are gone with a minimal amount of difficulty. Life insurance is a great way to ensure exactly that.

If you're considering universal variable life insurance, remember that it isn't suited for smaller premiums. Not only must your premium be able to cover your insurance, but it must also be sufficient to cover your investment accounts.