There are a few different types of personal insurance and individuals need to make sure they learn about all of their options, so they can make the best choice for their needs. With the following information, individuals will better understand the types of Personal Insurance in Rancho Cucamonga CA, so they can get the coverage they need.
Types of Personal Insurance
Understanding the different types of personal insurance is a must for individuals who want to make sure they are properly covered. The following are the types of insurance individuals can choose from.
• Life insurance is a type of insurance that covers a person’s family in the event of the policy holder’s death. A lump-sum amount is paid to the beneficiary upon the death. This lump-sum amount is tax-free. There is more than one type of life insurance policy that can be purchased, depending on the needs of the individual and their beneficiary.
• Disability insurance is a type of insurance that provides a monthly payment to policyholders who become disabled and are no longer able to work. This type of policy allows a person to maintain their standard of living, even if they are no longer able to work.
• Critical illness insurance covers certain types of serious illnesses and will pay a lump sum when the policyholder is diagnosed with one of the covered illnesses. This lump sum amount is paid right after diagnosis.
• Health insurance policies provide coverage for medical care. They pay a certain percentage, while the policyholder must pay out-of-pocket expenses like their co-pay or non-covered charges.
• Long-term care insurance offers cash payments when a person requires in-home care or care in a government facility. It is imperative individuals take time in making their choice, so they can be sure they are getting the highest level of coverage.
Get Started Today
If you are interested in learning more about these options, contact Barranca Insurance Services Inc. today. They will help you find the right coverage, at an affordable price. Contact them today to get further information on the above types of Personal Insurance in Rancho Cucamonga CA, so you can get started. You can also connect them on Facebook.
