Other Types of Insurance to Consider

Final Expense

Burial insurance or final expense insurance is a basic life insurance policy that typically covers people until they reach the age 100. It’s an easy insurance to obtain, much simpler than complicated whole life or term policies. Depending on the policy, burial insurance or final expense insurance helps your family cover the expenses of a funeral and potentially other outstanding expenses.

Long Term Care

As we age, the likelihood that we’ll need some type of medical or personal care increases. We may need long term care - a variety of services which help meet the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods of time. On average the need for long term care services lasts months or years, not weeks or months, and can be very expensive. Long term care insurance was developed for precisely this reason: to provide the needed financial protection against the cost of long term care that other plans simply don’t cover.

Indemity

Chances are your health insurance plan leaves you with out-of-pocket expenses. Are you covered by a Medicare Advantage with inpatient hospital co-pays? Whether you’re covered by individual health insurance, group medical insurance, or Medicare, co-pays and deductibles are a reality you can’t escape. But hospital indemnity insurance can provide gap coverage to help offset these expenses.

Dental

Dental coverage of some kind can help you ensure the health of your teeth and gums. Unfortunately, if you are bearing the full brunt of the cost of dental care you may find it difficult to pay your dentist bills. Without dental insurance coverage, you may be tempted to skip regular cleanings and checkups, a decision that could lead to serious dental health problems.

Vision

It's no surprise that vision insurance is misunderstood by many people. Depending on the reason for the doctor visit (a routine exam or an eye injury) it’s not always clear which doctor to visit.

At its most basic level, vision insurance helps cover the cost of routine eye exams, contact lenses and glasses. Some vision plans also pay for corrective procedures such as laser eye surgery. Additionally, most plans include one pair of glasses or contacts a year.