Why United Benefits Financial Group
Our company provides a wide range of insurance services to cater to the different needs of our clients. For group benefits, we offer customized plans that meet the requirements of organizations, their employees, and their families. Our traditional life insurance plans provide financial security to families in the event of the insured’s untimely demise. Final expense insurance covers funeral and burial expenses, relieving loved ones of the financial burden during a difficult time. Our mortgage protection plans help homeowners pay off their mortgages in case of death, disability, or critical illness. We also provide Medicare insurance to seniors to help cover their medical expenses. For individuals looking for health insurance options, we offer the ACA Obama care plan. Lastly, our retirement planning services help individuals prepare for a secure and comfortable retirement by providing investment and savings advice.
Term Life
Why would I choose this type of insurance?
Permanent Life
What would be a good reason to have this type of coverage?
Universal Life
When would this be the best option for my financial plan?
Traditional Life Insurance
Traditional life insurance is a type of insurance policy that provides a death benefit to the beneficiaries of the policyholder upon their death. The policyholder typically pays premiums to the insurance company on a regular basis, and in return, the insurance company agrees to pay out a lump sum to the beneficiaries listed on the policy in the event of the policyholder’s death.
Traditional life insurance policies come in several forms, including term life insurance, whole life insurance, and universal life insurance. Term life insurance provides coverage for a set period of time, typically 10 to 30 years, while whole life insurance and universal life insurance provide coverage for the policyholder’s entire life.
In addition to the death benefit, traditional life insurance policies may also include additional benefits, such as cash value accumulation, which allows the policyholder to build up savings over time. The policyholder can typically borrow against the cash value of the policy, although this may impact the death benefit.
Traditional life insurance is often used to provide financial protection for dependents in the event of the policyholder’s death, as well as to pay for final expenses, such as funeral costs. It can also be used as an estate planning tool to transfer wealth to future generations..
Health coverage ACA / Marketplace
Under the ACA, also known as Obamacare, individuals who are U.S. citizens or legal residents and who do not have access to affordable health insurance through their employer or a government program like Medicaid or Medicare may be eligible to purchase health insurance through the health insurance marketplace.
Individuals can enroll in Obamacare during the open enrollment period, which typically runs from November 1 to December 15 of each year, or if they experience a qualifying life event such as losing their job, getting married, or having a child.
The coverage provided by Obamacare varies depending on the specific plan that an individual selects, but all plans offered through the marketplace must provide coverage for essential health benefits. These benefits include:
1. Ambulatory patient services
2. Emergency services
3. Hospitalization
4. Maternity and newborn care
5. Mental health and substance use disorder services, including behavioral health treatment
6. Prescription drugs
7. Rehabilitative and habilitative services and devices
8. Laboratory services
9. Preventive and wellness services and chronic disease management
10. Pediatric services, including oral and vision care
In addition to these essential health benefits, Obamacare plans must also cover certain preventive services without cost-sharing, such as annual physical exams, certain cancer screenings, and immunizations.
It’s important to note that the cost of Obamacare plans can vary based on several factors, including income, age, and location. The ACA provides subsidies to help individuals with lower incomes afford insurance.
Medicare Advantage/Medicare Supplement
Retirement age is a time that you have planned for your entire life. You qualify for Medicare if you are 65 or above when it comes to healthcare. But, you shouldn’t wait until retirement to research the benefits of Medicare. Make sure to get a Medicare supplement or advantage plan. This is also known as ‘Medigap’ because it fills in the gaps in your Medicare coverage.
5 Reasons to Get Medigap
Mortgage Protection
If you are struck by misfortune, your loved ones may not be able to remain in the family home if mortgage payments are discontinued. Mortgage protection insurance helps safeguard your home and your family in such a situation. If things ever take a turn for the worst, taking out a mortgage to finance your home could turn out to be the most significant investment you made.
If the insured has traditional life insurance at the time of their passing, their family will receive the payout from their insurance and will get to retain more of it to pay for living expenses. This is because mortgage protection insurance explicitly covers the mortgage. With the mortgage taken care of, the money can cover other essential living expenses like childcare, tuition, and utilities.
At United benefits Financial Group Insurance, we’ll help you find the policy that’s right for you and your family.
Final Expense
Take the stress out of the final moments of life with final expense insurance. Often, people do not anticipate the unforeseen costs of funerals until it is too late. The financial strain of a funeral might be reduced with final expense insurance. Studies show that the average funeral in the U.S. costs around $9000, including funeral director service fees, casket cost, funeral home cost, embalming fee, gravesite cost, burial labor, and headstone cost. Final expense insurance guarantees that these fees are covered. In the event of the unforeseen, you can be sure that your family will not be burdened financially.
Final expense insurance can be used as a dedicated funeral or legacy fund to ensure your family’s financial security. A dedicated funeral fund will cover the cost of your funeral, whereas a legacy fund can get your finances in order and distribute amongst your loved ones upon your demise.
At United benefits Financial Group Insurance, we can help you tie any loose ends related to finances, allowing your family to celebrate your life without any worries.
Retirement Planning
Whether you are just starting a job or getting ready to retire, having a strategy and plan in place for your retirement is essential. With help from our financial professionals, you can develop a retirement plan built around your goals. We will assist you in maximizing the growth of your current retirement plans and your income potential in retirement. We will review how you can choose to receive your retirement—tax-deferred, taxable, and tax-free in retirement. We will also help you better understand your plans, including 403b, Roth IRA, 401k, Pension, Annuity, etc.
Our trained financial professionals will help you understand the financial tools available. Whether you are investing in real estate or looking to consolidate debt before retirement, we’ll be there for you. For over 20+ years, we’ve been helping families reach their financial goals for retirement.