The rising costs of medical care make health insurance, disability insurance and long-term care
insurance a necessary aspect of your financial plan.

Life Insurance
Their are many types of life insurance to fit individual needs and circumstance. How much life
insurance do I need? In most cases, if you have no dependents and have enough money to pay
your final expenses, you don’t need any life insurance.

Disability Insurance  
Disability insurance pays an insured person an income when that person is unable to work because
of an accident or illness.

Long Term Care
Because of old age, mental or physical illness, or injury, some people find themselves in need of
help with eating, bathing, dressing, and other physical activities.

Medicare Supplements
A Medigap policy is health insurance sold by private insurance companies to fill the “gaps” in
Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the
Original Medicare Plan doesn’t cover.

Final Expense (also known as Burial Insurance)
Final Expense Insurance is one of the greatest gifts you can provide for your loved ones. Providing
your family with the money needed to cover your final expenses is something that simply makes

In its most general sense, an annuity is an agreement for one person or organization to pay
another a stream or series of payments. Usually the term "annuity" relates to a contract between
you and a life insurance company, but a charity or a trust can take the place of the insurance

Health Insurance
The rising cost of medical care and the resulting pressure on health insurance premiums makes
health insurance top priority if you want to have your health expenses covered at a reasonable
cost. The current health insurance system is quite complex and constantly changing.

Dental insurance is equally important to health insurance because dental disease is still prevalent.
Being protected by a dental plan and using it wisely are necessary safeguards for your entire
family. Learn more about dental insurance here.

Long-Term Care
Because of old age, mental or physical illness, or injury, some people find themselves in need of
help with eating, bathing, dressing, toileting or continence, and/or transferring (e.g., getting out of
a chair or out of bed). These six actions are called Activities of Daily Living–sometimes referred to
as ADLs. In general, if you can’t do two or more of these activities, or if you have a cognitive
impairment, you are said to need “long-term care.”

Long-term care isn’t a very helpful name for this type of situation because, for one thing, it might
not last for a long time. Some people who need ADL services might need them only for a few
months or less.

Many people think that long-term care is provided exclusively in a nursing home. It can be, but it
can also be provided in an adult day care center, an assisted living facility, or at home.

Assistance with ADLs, called “custodial care,” may be provided in the same place as (and therefore
is sometimes confused with) “skilled care.” Skilled care means medical, nursing, or rehabilitative
services, including help taking medicine, undergoing testing (e.g. blood pressure), or other similar
services. This distinction is important because Medicare and most private health insurance pays
only for skilled care–not custodial care.
Health, Life, Disability Insurance
Jim Rice TOTAL Insurance, Inc.
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