Yarmouth, ME

Whole life insurance is designed to protect you for your whole life, from the time you get the plan until your death. Once you start a whole life insurance plan, your rate will never change. This makes budgeting your insurance plan very easy! You also have the option of borrowing a low-interest loan against your whole life policy when unexpected financial stress comes up. In the event of your death, your listed beneficiaries will receive your whole life insurance balance and can use that to fill the financial burden of you being gone.

Term Life Insurance

Term life insurance is extremely affordable. This life insurance option lasts for a specific amount of time, or a term. Terms are usually 10 or 20 years. Term life insurance is ideal for people who have financial responsibilities that won’t last forever, but that require extra coverage right now. Things like car loans, children who need to go to college, and other short-term commitments can put a lot of financial stress on your family if you pass unexpectedly. A payout from a term life insurance policy will cover those costs, just as you would have done if you were still here.

Mortgage Protection Insurance

Mortgage protection insurance is a type of life insurance that sends a payment to your mortgage lender rather than a listed beneficiary in the event of your death. The insurance payment amount constantly changes to reflect the exact amount you owe on your mortgage. That means that if you die, the mortgage is paid in full. This relieves a huge financial stress on your family and provides them with the security of staying in the home you all used to enjoy together. In contrast, they can use other life insurance payments to cover the rest of their financial needs.

Medicare Supplemental Insurance

Medicare supplemental insurance plans are designed to fill the gaps of traditional Medicare coverage. Copays and medication costs can quickly become overwhelming for someone on Medicare, but Medicare supplemental insurance takes that uncertainty out of the equation. You simply make your premium payments on your gap coverage and then use your coverage when you need it for unexpected medical expenses. There are multiple different Medicare supplemental insurance plans to choose from, so you can find one that fits your medical needs and budget the best.