Individual Insurance Needs
Our goal at Bern & Pugh, Inc. is to offer useful feedback to assist Individuals in their search to find the best provider at the lowest rate, given their insurance needs.
This weekend the challenge is to do a simple insurance check up. This is your opportunity to make sure you have the right types of insurance and enough insurance coverage. Insurance is how you protect your assets. It is important that you have adequate coverage.
Health Insurance
Health insurance is one of the most basic types of insurance. Everyone should have health insurance. Medical debt is one of the leading causes of bankruptcy. If you are healthy and your employer does not offer insurance it can be tempting not to get health insurance, but you are running a big risk. At the very minimum you should have a high deductible insurance plan with a health savings account.
Life Insurance
If you are single without children you should be able to get by with minimal life insurance. You should have enough to cover your burial costs so that they do not fall on your family. The policy that your work offers should be adequate. If you have children or if you are married you should have more life insurance. Eight to ten times your annual income is a good amount. It will allow your loved ones to live off of the interest. You should purchase your policy separate from your work policy.
Disability Insurance
The final insurance that you ought to have is long term disability insurance. This insurance will provide you with income in the event that you can no longer work. You should look for coverage that will provide you with the current level of income you currently have. It is important to carefully read your policy to make sure most types of disabilities are covered and how long the insurance payout will last if you do become disabled.
Other Types of Insurance
There are other types of insurance available to you, but you should carefully weigh the cost against the benefits that you receive.
- Long Term Care Insurance
- Cancer Insurance
- Vision Insurance
- Dental Insurance
- Short Term Disability Insurance
- Travel/International Health Insurance
For a more information or to obtain a quote, please Contact Us
