LIFE & HEALTH
INSURANCE 

Life insurance provides a financial payout to your beneficiaries if you pass away. It helps ensure your loved ones are financially supported, covering expenses like funeral costs, debts, and living expenses.

You pay regular premiums, and in exchange, your beneficiaries receive a lump-sum payment (the death benefit) if you die while the policy is active.

The main types are term life insurance, which provides coverage for a specific period, and whole life insurance, which offers lifetime coverage with a cash value component.

Life insurance helps protect your family’s financial future, covering costs like mortgage payments, education, and daily living expenses in the event of your death.

Health insurance helps cover medical expenses, such as doctor visits, hospital stays, medications, and treatments. It reduces your out-of-pocket costs for healthcare.

You pay premiums to maintain coverage. When you need medical care, your insurance helps pay for services covered under your plan, often after meeting a deductible.

Common options include HMOs (Health Maintenance Organizations), PPOs (Preferred Provider Organizations), and HDHPs (High Deductible Health Plans), each offering different levels of flexibility and cost.

Health insurance protects you from high medical costs and ensures you have access to necessary healthcare services without the burden of paying entirely out of pocket.

Yes, many insurance companies offer both life and health insurance policies, allowing you to bundle coverage for convenience and potential discounts.

Consider your financial situation, family needs, and long-term goals. Consulting with an insurance professional can help you select the best policies for your circumstances.

For life insurance, your beneficiaries need to contact the insurance company and provide necessary documents, such as a death certificate. For health insurance, you or your healthcare provider will submit claims directly to the insurance company for payment.

Yes, you can often adjust your coverage or switch plans, though it's important to understand the terms and potential costs involved.

Contact us today at 806-331-2240 to discuss your life and health insurance options. We're here to help you find the right coverage for your needs.