For Individuals & Families

Individual or family health insurance is also commonly known as personal health insurance or private health insurance. Most insurance companies offering this product will refer to it as individual health insurance. Family health insurance, where you, your spouse and your children are all on the same plan, is still referred to as an individual health plan. This is the type of policy you would purchase for yourself and your family if your employer does not provide insurance benefits to its employees. You may also consider family medical insurance if you are self-employed, unemployed or a student. Individual and family health insurance plans are available for newborns to seniors. Once a person turns 65, they become eligible for Medicare and medicare supplemental insurance and must forfeit their individual medical insurance policy.

KLB Insurance & Financial Services is committed to helping you meet all of your family and personal health insurance needs. We have access to all of the individual and family health insurance plans available and can prepare a customized quote based on your individual needs. Requesting a free personal health insurance quote and making plan comparisons from multiple sources is the best way to find private medical insurance coverage that meets your needs and budget.

Many individuals and or families who purchase health insurance may be eligible for federal premium subsidies to help them pay for the cost of their insurance. Individuals and families who have a modified adjusted gross income that falls between 100-400% of the Federal Poverty Level (FPL)* will want to access the FFM and apply for a subsidy. Here at KLB Insurance we have the expertise to aid you in navigating the market place and obtaining a premium subsidy if you qualify.

As the name suggests, short term health insurance is health coverage that is purchased for only a short period of time. Most companies that offer this type of health insurance will allow you to choose from coverage lengths ranging from 30 days to 12 months. Short term medical insurance coverage can protect you in the event of an unexpected illness or injury. Short term health insurance allows you to choose your doctors and hospitals and pays for all covered expenses once your deductible and coinsurance amounts have been met.

Unlike standard health insurance, these temporary short term health insurance policies always have a termination date. The expiration date of coverage is determined by the length of coverage you choose to purchase at the time of applying. Some temporary health plans allow you to choose a monthly billing option for the specified length of coverage. This option allows you to terminate coverage voluntarily before the expiration date disclosed on the policy.

Life insurance offers financial protection for your beneficiaries when you die. Some policies also accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education or cash for emergencies; so much depends on your needs and your income. If you have loved ones who rely on you for their financial well-being, life insurance helps ensure that their financial future isn’t left to chance.
There are many types of policies that offer a variety of features and benefits. The basic principle of a life insurance policy is that it pays your beneficiary a specified amount of money when you die in exchange for regular payment of premiums.

There are two basic types of life insurance: Term and Permanent:

Term Life – For those who have a specific need for coverage for a certain period of time, or for a cost that is generally lower than permanent insurance, term insurance is often a good option.

Permanent Life – For others who prefer the added flexibility and security that owning life insurance for their entire lives can offer, permanent insurance is typically purchased. In many instances, people find that their objectives are best met with a combination of both term and permanent insurance. What are the different kinds of permanent insurance? Whole Life, Universal Life, Variable Universal Life and Survivorship Life.

Disability Income Insurance

If you are like most people, you have insurance on your house, your car and other items of value. But, you may have overlooked protecting what is often your most valuable asset – your ability to generate an income. The same income that allows you to accumulate, and pay for, the other assets you hold dear. Disability income insurance helps protect a portion of your income and provides a fundamental layer of security for your financial future.

A disability can happen to anyone at anytime; anywhere. No one plans to become too sick or hurt to work. If the unforeseen does happen, proper planning with individual disability income insurance may help protect a portion of your earned income, so you can maintain as much of your current lifestyle as possible.