Individual Plans
Annuities
An annuity can be a useful tool for retirement planning. Annuities enable you to save money on a tax-deferred basis. You will not pay taxes until you begin to withdraw your money. Unlike a 401K or IRA, there are no limits to the amount you can put into an annuity. Some annuities contain an insurance component whereby if you die before you start to collect on the annuity, it will pay your heirs the amount you invested plus interest.
Dental Coverage
The Moro Insurance Group can assist you in putting together a dental plan that is right for you. A good dental plan will help you by eliminating cost while working to maintain healthy teeth. We can help you decide on just the right dental plan for you and your family based on your needs and affordability.
Individual Retirement Accounts (IRAs)
An IRA is a tax-deductible tax-deferred savings plan An IRA is a tax-deductible tax-deferred savings plan which is good for those who are self-employed or those whose earnings are below a certain level or whose employers do not offer retirement plans. The earnings are untaxed until they are paid out of the account.
Life Insurance
Most people buy life insurance to replace income that would be lost should a wage earner pass away. There are many types of life insurance policies available. Permanent life insurance will protect your family for a lifetime and allows you to build cash value over time. We offer policies for children as well. Click here for further information on the ChildGuard policy.
Term life insurance costs less than permanent insurance. It covers you for a period of time that you select and pays benefits should you die during that period of time. Term insurance does not accumulate cash value.
Long Term Care
This type of insurance goes beyond health insurance which covers doctor and hospital bills. Long term care helps by protecting you against significant financial risk should you need long-term care services either in a nursing home, assisted-living facility or in your own home. Though older people use long-term care services most often, younger people may need long-term care services should they suffer a debilitating illness or have been in an accident. Some of the services that this insurance covers are visiting nurses, home-delivered meals, adult daycare centers, respite services for care givers, and home health aides.
Health Insurance
This insurance protects you against sickness or bodily injury. This usually includes coverage for medical expenses such as doctor visits and hospital stays and can cover normal and preventive care such as check-ups, prenatal care, and well-baby care.
Health Savings Accounts (HSAs)
"HSAs will help more Americans get the health care they need at the price they can afford."
President George W. Bush
A Health Savings Account is a combination of a tax-favored savings account and a qualified high deductible health insurance policy. The savings account can be used to pay for routine medical, dental, prescription drugs, eye glasses or other IRS qualified medical expenses without paying taxes on the money. Major medical expenses are paid by the insurance policy. The HSA can be invested as you would any other investment account. The contributions remain in your account from year to year until you use them.
Medical Savings Accounts (MSAs)
Money is deposited into a personal Medical Savings Account which you can spend on medical expenses throughout the Year Tax Free. Money going into the account is Tax Deductible and money coming out is tax Free. You use the money in the MSA Savings account to pay for minor and routine medical expenses - including many expenses not covered by other health insurance such as dental, vision, mental health and chiropractic care. The money can accumulate over the years if not used for medical needs. This type of plan has been replaced by the HSA.
Short-Term and Long-Term Disability
What would you do if you couldn't work and earn a living? Could you continue to pay your bills for any length of time if you were unable to work due to illness or injury? Your most valuable asset is your health and your ability to make a living. Protection against that risk lies in disability income insurance which is a product that provides you income should you or those within your group become sick or injured and unable to work. This product helps to protect you and your family against financial catastrophes and provides an income to help to meet your daily expenses on either a short-term or long-term basis.
Should you wish to obtain further information on any of these products, click here for contact information.
