LIFE - DISABILITY - HEALTH
At Gleason Insurance Agency, we offer a wide array of products to protect your family or dependents in the event of an untimely death, physical disability or retirement needs. A description of the policies you may request proposals, information or purchases is as follows:
TERM LIFE INSURANCE: A term life policy is offered and guaranteed for a certain period of time - typically 10, 15, 20 or 30 years. Depending on your need, you may purchase amounts from $100,000 ot $1,000,000 or higher. Most consumers opt for term insurance because it offers the highest amounts of life insurance for the least cost.
UNIVERSAL LIFE INSURANCE: A Universal life policy, commonly known as cash value policy, provides permanent life insurance for life. The policy provides the selected amount of life insurance and also permits the policyholder to pay additional premium to accrue a tax deferred cash value for retirement, estate plannning purposes, or to provide temporary loans for personal needs. This policy tends to be more expensive than term insurance.
DISABILITY INSURANCE: A disability policy provides income when an individual becomes ill or injured and is unable to work. The policy benefit is roughly two-thirds of a person's annual salary. The premium is determined by your job classification and current health.
LONG TERM CARE: This policy is designed to help you cope with the financial risks of long term illness and disability. When a person cannot perform the normal activities of daily living, long-term care is needed from qualified professionals to maintain quality of life. A long term care insurance policy can be purchased to provide the money needed to pay all or part of the required care needed for physical or cognitive impairment. Medical insurance does not pay for long-term care and Medicare has limited benefits.
ANNUITIES: An annuity is a contract created when an individaul pays a life insurance company a single premium that will later be distributed back to the investor. Annuity contracts traditionally provide a guaranteed distribution back to the investor. Annuity contracts traditionally provide a guaranteed distribution of income over time, until the death of the person named in the contract or until a specified final date, whichever comes first. However, the majority of purchasers use annuities only to accumulate funds free of income and capital gains taxes and to later take lump-sum withdrawals without using the guaranteed-income-for-life features.
GROUP MEDICAL, DENTAL, DISABILITY AND LIFE: Our agancy can provide proposals to companies for group benefits provided to employees.