Long-term care is an inevitable part of most people’s lives, and you should be aware of the options and choices you have when it comes to long-term care insurance in Lakewood, CO. 

Colling Insurance Services Inc. understands the hesitation some people have with investing in long-term care insurance, and we can answer any questions you have about the need for this type of coverage. 

Many people don’t know that in order to qualify for long-term care insurance, you have to be in good health and without any pre-existing conditions. That’s why it’s often encouraged to purchase it while you are younger and in better health, so you can maintain the policy over the years instead of trying to get it when it’s too late and you have medical issues. Once you are sick, you do not qualify for long-term care insurance. 

Nobody plans to become unhealthy, get sick, acquire a disease or illness, but it happens frequently. The older you are, the less capable your body is of fighting off an illness. If you feel compelled to explore your options regarding long-term care insurance, we are here to help at Colling Insurance Services Inc. 

People are also concerned about the cost of this type of insurance, which is a valid concern – it is expensive. However, the cost of long-term care without insurance is staggering. We encourage you to protect yourself and your family members from this financial burden while you still can. 

If you’re in Lakewood, CO and the surrounding areas, give us a call at Colling Insurance Services Inc. We can work with you to find the best solution for your long-term care needs and address all your concerns. Don’t hesitate to reach out. 

Life insurance is more important than most people realize. It provides security for your loved ones financially when you pass away. They will then have the space to grieve your death without the financial stress that may come with it and the life insurance agents at Colling Insurance Services Inc in Lakewood, CO are prepared to answer any questions you have about life insurance policies.

The Importance of a Life Insurance Policy

Life insurance is a very important type of policy to have as it protects your loved ones in the event of your death. It will also give you a sense of peace and comfort in knowing your loved ones will have financial stability when you pass away.

Types of Life Insurance Policies

There are three main types of life insurance policies.

Term Life Insurance

A term life insurance policy is more strict in the fact that you only have the coverage during the term in which the policy is active. Once the term expires, you will need to purchase another term and your premiums may increase. It is a simple type of life insurance that you get to choose the amount in which the term lasts, from one year to 30 or more years.

Universal Life Insurance

Universal life insurance is a very popular type of policy since you can borrow from the policy while you are still alive. This allows you to pay off major bills before you pass away, such as your mortgage and credit cards, so that your loved ones are provided for in the event of your untimely death.

Whole Life Insurance

There are three types of whole life insurance policies you can choose from, including universal life, variable universal life, and traditional whole life. Any of these three types are considered permanent life insurance and will pay out a death benefit when you pass away.

To obtain a quote and to decide upon which type of life insurance will work best for you and your loved ones, contact the trusted and experienced life insurance agents at Colling Insurance Services Inc in Lakewood, CO today!