top of page
  • Writer's pictureGeorge Kolitsas

What We Can Do For You!

At Innovative Senior Benefits, we offer multiple products to serve the needs of our valued clients. Whether you need retirement care or are planning for future possibilities, we can connect you with the services you need to feel secure.

Plan with Final Expense Insurance

At the time of your passing, your loved ones will have a lot on their minds. They may not be ready to face the financial pressures that come with funeral services. By preparing for the costs of your final arrangements, you can help them to process their emotions without the financial burden of funeral, cremation, burial costs, or unexpected medical bills and debts.

While it may initially be unpleasant to think about, many people find it comforting to have a hand in their funeral planning. A large part of planning for your funeral is coming up with the money to purchase the goods and services involved, many of which are purchased with advance payments. Funerals these days can cost around $7,000 with cremation and upward of $9,000 with a burial.

Final expense insurance is the answer for seniors of any health condition looking to plan for the expense of their memorial. For low monthly payments, you can purchase between $2,000 and $50,000 in coverage. These plans are a form of whole life insurance and are easy to qualify for; if you have serious health conditions, you can purchase a guaranteed issue final expense policy.

Set Up Your Future Income with an Annuity

Annuities are an excellent option for people nearing retirement who want to ensure that they have a source of income in their later years. Simply purchase an annuity with a lump-sum payment or a few installments of premiums, and you will receive monthly payments to bolster your finances. These are relatively safe investments that are ideal for people with a low tolerance for risk.

Annuities have some variation, which can determine your risk level and how much you stand to gain as the money accrues interest. You can have a fixed annuity, which gains interest at an agreed-upon rate, or an indexed annuity, which gains interest along with the market rate but with a set cap and minimum return.

Secure Your Family’s Finances with Life Insurance

Life insurance is the classic form of financial protection you need to help maintain your loved ones’ quality of life or ensure they are cared for in the event of your death.

You can invest in a term life insurance policy, which covers you for 15, 20, or 30 years. These plans are great for people who have young children or need to protect an asset for a certain period of time.

Whole life insurance policies are the gold standard of life insurance. These cover you for your entire life and also have a cash value living benefit that you can withdraw from or borrow against during your lifetime. These plans tend to have higher premiums and more extensive approval processes.

Prepare for Unexpected Medical Bills with Cancer Plans

Cancer, stroke, and heart attacks are very real threats. They can cause some serious damage and leave you with extensive medical bills and lost income from treatment and recovery. Cancer insurance plans are available to protect you financially if you were to be diagnosed with a covered health event. You can use the payment for medical bills, transportation, lodging, child care, and more.

Want to learn more about these additional services? Speak to a licensed agent at Innovative Senior Benefits today.

10 views0 comments

Comentários


bottom of page