|
|
Life Insurance
It is our goal and expectation to provide you
with the best product and highest level of
quality service to keep you and your family
protected from financial catastrophe.
Joyce Insurance Group offers a variety of life
insurance options to suit the needs of each and
every individual.
We only represent a number of the industry's
strong carriers with the highest rated claims
paying ability. Some of the
products we offer are:
-
Term Insurance
A plan of insurance that covers the insured
for only a certain period of time (term),
not for his or her entire life. The
policy pays death benefits only if the
insured dies during the term.
-
Return of Premium Life Insurance
Also known as return of premium term
life insurance, this is term life insurance
for a period of time where one receives a
guaranteed return of premiums paid if you
keep the policy for the term period. For
example, 20 year return of premium term
would guarantee in lieu of a death claim, a return of premium paid
after you paid 20 years of premium, in lieu
of a death claim. Most of
these policies also give a partial return of
premium if you keep the policy for a great
part of the years. In addition,
these policies offer paid up life insurance
as another option at the end of the term, in
lieu of a death claim.
-
Whole Life
A plan of insurance for life with premiums
payable for a person's entire life. This
type of insurance covers the individual for
the duration of the person’s life. Cash
value accumulates inside the policy.
-
Universal Life
A flexible premium life insurance policy
under which the policy owner may change the
death benefit from time to time (with
satisfactory evidence of insurability for
increases) and vary the amount or timing of
premium payments. Premiums (less expense
charges) are credited to a policy account
from which mortality charges are deducted
and to which interest is credited at rates
which may change from time to time.
-
Variable Life
A policy that combines protection against
premature death with a savings account that
can be invested in stocks, bonds and money
market mutual funds at the policyholder’s
discretion.
-
Key Person Insurance
Insurance designed to protect a business
against the loss of income resulting from
the disability or death of an employee in a
significant position.
-
Buy Sell Agreement Insurance Funding
An agreement used by businesses to sell the
interests of a deceased owner to the
remaining partners at a predetermined price
or using a predetermined formula.
Typically, life insurance is used to fund
these agreements.
Please click
here if you are interested in a
quote.
back to top
Disability Insurance
Amazingly, every year 12% of the adult
population suffers a long term disability. If
you are currently under 35 years old, there is a
50% chance you will experience some sort of
disability by the time you reach 65. These odds
would not be a problem had people accumulated
enough savings from which to draw on. That’s
why we understand the importance of disability
insurance. We offer coverage anywhere from short
term illnesses/disability to long term
disabilities for nearly every occupation.
Disability insurance generally offers 60% of an
income and its non-taxable.
If you are interested in obtaining a quote,
please click
here.
back to top
Health
Insurance
Today, health care costs are high - and getting
higher. Who will pay your bills if you have a
serious accident or major illness? That's why you buy
health insurance for the same reason you buy
other kinds of insurance - to protect yourself
financially. With health insurance, you protect
yourself and your family in case you need
medical care that could be catastrophic to your
family’s livelihood, and could prevent you from
seeking potentially life saving treatments.
Joyce Insurance Group offers both individual and
group plans that fit each person’s individual
needs. We offer various deductibles, co-pays and
prescription plans.
Our plans include:
-
Traditional Medical
Traditional health insurance is
generally the most flexible type of
health plan. It allows you to choose
any doctor you want to and see
specialists without getting approval
from a "primary care physician" or
"gatekeeper" first. With
traditional health insurance, you
will usually have to spend a certain
amount on medical bills each year
before your insurance starts to pay.
This is called a deductible. After
that, you will have to pay a
percentage of each charge, called a
co-payment. The insurance company
will pay the rest of the charge
based on what it considers
reasonable. Many insurance
plans protect you from large medical
expenses by limiting your total
expenses in any given year, called
your out-of-pocket expenses. There
may also be a cap on total
benefits--a maximum amount the
insurance company will pay in your
lifetime.
-
HMOs (Health Maintenance
Organization Plan)
A type of coverage that provides
comprehensive health services to
members in return for a monthly
premium and co-payment. In an HMO
plan, members may choose a primary
care physician (PCP) who coordinates
each assigned member’s care. The PCP
refers patients to specialists and
provider services as needed.
Although many HMOs require their
members go to the doctors and other
providers in the HMO provider
network, some HMO plans offer the
option to go out-of-network (for
example in a POS plan). HMO plans
often require members receive a
referral from their PCP before
seeing a specialist. (See primary
care physician and point of service
plan.)
-
POS (Point of Service Plan)
A type of managed care coverage that allows members to choose to receive
services either from participating
HMO providers or from providers
outside the HMO’s network. Members
pay less for in-network care. For
out-of-network care, members usually
pay a deductible and coinsurance.
-
PPOs (Preferred Provider
Organization):
A type of managed care coverage
based on a network of doctors and
hospitals that provides care to an
enrolled population at a prearranged
discounted rate. PPO members usually
pay more when they receive care
outside the PPO network.
-
HSA (Health Savings Account)
A Health Savings Account allows
individuals to pay for current
health expenses and save for future
qualified medical and retiree health
expenses on a tax free basis. To be
eligible for a Health Savings
Account, an individual must be
covered by a High Deductible Health
Plan (HDHP), must not be covered by
other health insurance, is not
eligible for Medicare and can't be
claimed as a dependent on someone
else's tax return.
-
HRA (Health Reimbursement
Accounts or Health Reimbursement
Arrangements)
HRAs are IRS-sanctioned arrangements
that allow an employer, as agreed to
in the HRA plan document, to
reimburse for medical expenses paid
by participating employees. HRAs
reimburse only those items (co-pays,
coinsurance, deductibles and
services) agreed to by the employer
which are not covered by the
company's selected standard
insurance plan (any health insurance
plan, not only high-deductible
plans).
-
FSA (Flexible spending
arrangement or Flexible Spending
Account)
FSAs are one of a number of
tax-advantaged financial accounts
that can be set up through a
cafeteria plan of an employer in the
United States. An FSA allows
an employee to set aside a portion
of his or her earnings to pay for
qualified expenses as established in
the cafeteria plan, most commonly
for medical expenses but often for
dependent care or other expenses.
Money deducted from an employee's
pay into an FSA is not subject to
payroll taxes, resulting in a
substantial payroll tax savings.
-
Dental
Dental insurance designed to pay the
costs associated with dental care.
Dental insurance pays a portion of
the bills from dentists and other
providers of dental services. By
doing so, dental insurance protects
people from financial hardship
caused by unexpected dental
expenses.
-
Vision
Vision insurance is a form of
insurance that provides coverage for
the services rendered by eye care
professionals such as
ophthalmologists and optometrists.
There are many vision insurance
companies. The typical vision
insurance plan provides yearly
coverage for eye examinations and
partial or full coverage eyeglasses,
sunglasses and contact lenses, with
or without co-pays, depending on the
plan chosen.
|
If you are interested in obtaining a quote,
please click
here.
back to top
Long Term Care
No one wants to think about a time when they
might need long-term care, so planning
ahead for this possibility is often delayed.
Most people first learn about long-term care
when they or a loved one needs care. Then
their options are often limited by lack of
information, the immediate need for services
and insufficient resources to pay for preferred
services.
Long-term care insurance is an insurance product
which helps provide for the cost of long-term
care beyond a predetermined period. Long-term
care insurance covers care generally not covered
by health insurance, Medicare, or Medicaid.
Individuals who require long-term care are
generally not sick in the traditional sense, but
instead, are unable to perform the basic
activities of daily living (ADLs) such as
dressing, bathing, eating, toileting,
continence, transferring (getting in and out of
a bed or chair), and walking.
We, at Joyce Insurance Group, can help you plan ahead
so you can have more control over your future.
If you are interested in obtaining more
information regarding Long-Term Care insurance please
click
here.
back to top
|
Benefits Products Menu
|