We know the reasons for having adequate life and health insurance, but do you know what approach to take when you need to shop for it? Let us guide you through this process so you will feel comfortable with your choices. At Peoples Insurance, our agents possess local and industry expertise. We are part of your small-town community and know our customers well.
What is Life Insurance?
A life insurance policy is a contract in which the insured makes premium payments and designates one or more beneficiaries to receive the lump-sum payment upon the policyholder’s death. There are different types of life insurance policies to choose from and premiums depend on the amount of insurance you buy. For example, a young adult who isn’t married yet may only need enough life insurance to cover funeral expenses. Once you have a spouse and children, life insurance becomes a crucial way to provide for your family in the event of your death. We can help you figure out how much you need to cover funeral expenses, replace lost wages, and keep your family in the standard of living they’re used to.
Types of Life Insurance
- Term Life Insurance: Provides coverage for a specific period of time, such as 10-20 years. If you are still in your working years and want to make sure your family is provided for in the event of your untimely death, a term life insurance policy is a good option.
- Universal Life Insurance: Offers permanent coverage for your entire lifetime with the flexibility to raise or lower premium payments and policy amounts. If you are looking to preserve wealth as part of an estate planning process or you want to provide long-term income replacement for your family after your death, a universal life insurance policy can help you achieve your goals.
- Whole Life Insurance: This is another type of permanent, lifetime coverage, but payments are fixed and the policy amount has a cash value. Whole life insurance policies are most commonly used as an estate planning tool for preserving wealth.
Private Health Insurance Plans
If you are under 65 and not enrolled in a health insurance plan through your employer or Medicaid, you may wish to obtain a private health insurance policy through a licensed agent like Peoples Insurance. We can help you determine the level of coverage you need in a plan that fits your budget. Obtain individual health insurance or coverage for your whole family.
Medicare Supplement Insurance
If you have Medicare Parts A and B, you may need Medicare Supplement Insurance (Medigap) to cover out-of-pocket costs such as copayments, coinsurance, and deductibles. We also offer Medicare Part D for prescription coverage and Medicare Advantage plans that offer everything (hospital care, health insurance, and prescription drugs in one).
Peoples Insurance is an experienced local company providing Medigap policies to seniors in our Iowa communities. We care deeply about our customers and will always work hard to help you find the best coverage to match your needs and budget.
Why Choose us for Life and Health Insurance Coverage?
Our agents offer local expertise and a long history in the insurance industry. Looking for a life insurance provider, private health insurance, or Medigap policy? We can help you determine your insurance needs and match them to the right kinds of coverage. Give us a call, request a quote online, or visit one of our seven locations in Rock Valley, Lester, Sioux Center, Akron, Sheldon, or Hawarden, Iowa and Jasper, MN. Our friendly insurance agents are always happy to answer your questions and help you with the application process. We pride ourselves on offering excellent service every time you need us.
