When you have a family or other loved ones, you may need to leave something behind for them after you’re gone. Getting life insurance is a great way to take care of this need. This type of insurance comes in two varieties: term life and whole life. It’s a good idea to understand what term life is and its advantages and drawbacks before choosing a life insurance policy. Many things cause people to want a term life policy, and you may find that you want this type of insurance for yourself. Call us at Don Allred Insurance in Burlington, NC to get started.

The Terms of the Policy

One of the main factors in this type of life insurance is the term of time that it remains good. These policies have a set amount of time to stay in effect. This is often several years, such as 15 or 20. The policy was good throughout those years. However, when the term ends, the policy expires. Some people don’t like getting a new life insurance policy after the expiration, but others find that the number of years in the term is fine. 

The Costs of Term Life

One reason that so many people seek out these policies is that they are relatively inexpensive. This type of insurance allows you to lock in a rate while you’re younger and keep paying that same rate throughout the policy’s life. This is a much more affordable life insurance solution for many people. It fits in better with tight budgets and still keeps you covered. 

Get Term Life Insurance

Call us today at Don Allred Insurance in Burlington, NC if you need this insurance.  

Carrying health insurance is essential because healthcare costs can be very high in the United States. Consumers in Burlington, NC can rely on Don Allred Insurance to get the health insurance they need to stay healthy and protect their finances. 

Consumers need to be well-informed when looking for the right health insurance policy. Here are four things consumers need to know about health insurance. 

You will probably have to enroll in health insurance during a specified enrollment period.

Unlike most types of insurance, health insurance typically involves enrollment periods. Enrollment periods are specific periods throughout the year during which you can enroll in a policy. You may not be able to buy health insurance until the next enrollment period if you don’t purchase a policy within the specified period. 

It’s important to know about any applicable enrollment periods so that you don’t miss out on an opportunity to buy health insurance. 

There are numerous health insurance policy types.

 Health insurance policies can have one of several possible structures. They can be classified as HMOs, EPOs, PPOs, or POS policies. It’s a good idea to familiarize yourself with these different health insurance setups to choose a plan that is just right for your health insurance priorities. 

Health insurance policies don’t always cover prescription drug costs.

You can’t assume that your health insurance policy will cover the prescription drugs you need. That’s why you should always consider prescription drug coverage before choosing a policy. 

Health insurance coverage includes copay and coinsurance costs in addition to premium costs.

Health insurance includes costs that aren’t typically part of other types of insurance. In particular, health insurance typically involves copay, coinsurance costs, and premium and deductible costs. 

If you need health insurance, we can help at Don Allred Insurance. Consumers in Burlington, NC can get insured today by calling us and getting a policy quote.