Wide Range of Life Insurance Options
At HSM Insurance Group, we understand the importance of protecting your loved ones’ future. That’s why we offer a wide range of life insurance options. Our insurance experts will work with you to understand your specific needs and help you find a life insurance plan that provides your needed coverage.
Why is Life Insurance Important?
Where there is love, there is life insurance. We work with many life insurance carriers and can accommodate your life insurance needs, whether you are looking for term, universal, or whole-life policies.
Life insurance is so much more than a death benefit for burial expenses. For younger couples just getting started in this world, life insurance can provide the protection needed to continue mortgage payments, car payments, bills, and taxes in the event of the death of a spouse or primary breadwinner (in addition to covering final expenses).
In a world of ever-inflating living costs, one spouse's income alone may not be able to sustain their way of life if something like this were to happen. It's essential to consider this carefully, especially when you're looking to purchase your first home. And life insurance for healthy, younger individuals (especially those under 30) is more affordable than you think.
Planning Ahead for Nursing Home Care
Something that may be coming into the minds of more matured individuals (middle aged), is the potential for needed care in older age. The average annual cost of nursing home care across the U.S. in 2020 was roughly $100,000 per year. And these figures increase each year.
So, planning for this can help protect your assets from being completely diminished in the event you needed to stay in one. And while we do sell separate short term and long-term care policies, another great way to get this coverage is through life insurance.
Many universal life insurance policies, for example, allow for several different riders and add-ons, with nursing home care being one of them. You can use a percentage of your death benefit per month to cover all or some of your nursing home costs. This is an excellent example of a living benefit that you can use a life insurance policy for.
If you have questions or are considering a life insurance policy, we would be glad to speak with you and educate you more on these plans, helping you find the right coverage for your needs.
Maximizing Your Life Insurance Policy
Life insurance is an important consideration when protecting your loved ones' future. It is a contract between an individual and an insurance company in which the insurer agrees to pay a specified amount of money to a designated beneficiary upon the insured's death.
At HSM Insurance Group, we offer a wide range of life insurance options to meet individuals, families, and businesses' unique needs. We offer traditional options such as term life insurance, which provides coverage for a specific period, and whole life insurance, which offers coverage for the insured's entire lifetime. We also provide more flexible options like universal life policies, which allow you to specify the duration of your coverage, for example, coverage to age 85, 90, 95, etc.
It is important to understand that life insurance is not just for the family breadwinner but also for anyone who would leave behind financial obligations or dependents. It can be used to cover expenses such as funeral costs, mortgage payments, and college tuition for children.
At HSM Insurance Group, our insurance experts are committed to providing personalized service and guidance to help you find the right life insurance plan for you and your loved ones. Contact us today to schedule a consultation and learn more about our life insurance options.