Category Archives: Insurance

Are Life Insurance Benefits Taxable?

Life insurance serves many purposes for many people. More than just a means to handle any debts or bills left behind, for many of us, it’s also a way to leave something behind for those we love and care about. These are a few reasons why people and families in and around the beautiful Lakewood, CO area rely on the friendly and professional team of agents at Colling Insurance Services Inc. for all their life insurance questions, needs, and concerns – like, are my life insurance benefits taxable?

Are My Life Insurance Benefits Taxable? Here’s What You Should Know

Many types of gifts are taxable, which can seem unfair. Now, imagine how it would feel to know that your last gift, your inheritance, and one of the last expressions of love you will make – comes with taxes. Here’s the good news: In most cases, your life insurance benefits aren’t taxable. Here’s the important news and what you need to know: To ensure your benefits aren’t taxable, you should talk to an experienced and reputable agent about all your life insurance questions, needs, and concerns.

Find Life Insurance Solutions in Lakewood, CO

If you live in or near the Lakewood, CO, area and have questions or would like to learn more about life insurance solutions, our knowledgeable and professional team of agents at Colling Insurance Services can help. From caring for those you love to taking care of end-of-life planning, our team can help with all your life insurance needs. Contact us to learn more and schedule an appointment today for the life insurance solutions you deserve at Colling Insurance Services Inc.

Health Insurance for When Your Health Matters Most

Insurance plays a crucial role in safeguarding our property, assets, health, and everything we hold dear. It provides a safety net for everyone, from paycheck-to-paycheck earners to the well-established, offering solutions for accidents, tragedies, or unexpected events. This is why people from all walks of life in Lakewood, CO, trust the professional and friendly team at Colling Insurance Services Inc. for their health insurance needs and solutions.

Health Insurance: A Necessity in Times of Need

Health insurance is beneficial for everyone, regardless of their financial status. It assists those who depend on their health to work and those who face extensive healthcare expenses. Given the high costs of healthcare services and procedures, it’s essential to have a plan that covers your needs. At Colling Insurance Services Inc., we work with people from all walks of life to find the right plan, coverage, and insurance for their needs. Healthcare is important, and health insurance makes it affordable, practical, and attainable.

Exploring Health Insurance Options in Lakewood, CO

If you reside in the greater Lakewood, CO area and have questions or want to learn more about health insurance, we can help. Our experienced and knowledgeable team of agents at Colling Insurance Services Inc. is ready to answer all your questions and assist with your health insurance coverage needs. Contact us to learn more and schedule an appointment for the protection and solutions that only insurance can provide at Colling Insurance Services today.

Is Dental Insurance Worth It? What Does It Cover?

Maintaining clean, healthy teeth requires regular visits to the dentist. However, the cost of dental care can be a barrier for many people. This is where dental insurance comes in. Dental insurance can make dental visits more affordable, helping you maintain healthy teeth and gums. At Colling Insurance Services Inc., servicing Lakewood, CO, we’re here to help. Here’s what you need to know.

The Advantages of Dental Insurance

Dental insurance comes with numerous benefits:

  • Makes dental visits more affordable: Dental care can be expensive, but it’s far more affordable with dental insurance.
  • Helps maintain oral health: Many dental insurance policies prioritize preventive dental care, helping you keep your teeth clean and gums healthy.
  • Dental insurance covers a range of services. It is flexible, with some policies offering more coverage than others. Your insurance agent can help you find the right policy for your needs.

What Does Dental Insurance Cover?

The coverage provided by dental insurance varies by policy. Most policies cover preventive maintenance like teeth cleaning and x-rays. Some policies cover restorative dentistry, like cavity fillings and root canals. Others also cover orthodontics like braces. You’ll need to speak with your insurance agent to find out what your dental policy covers. If you’re shopping for a dental insurance policy, your insurance agent can help you find the best policy.

Looking for Dental Insurance? Contact Us

At Colling Insurance Services Inc., servicing Lakewood, CO, we provide dental insurance to our clients. We can shop around to help you find a policy that fits your budget and ensures the right type of coverage for your needs. Call today to speak with one of our agents and get started.

Boat Insurance for Before and After You Set Sail

Colorado’s Active Lifestyle and Boating Insurance

Colorado is renowned for its outdoors and active lifestyle, and this is no different for those residing in the Lakewood, CO area. From biking and hiking to swimming and boating, residents of Colorado spend a great deal of time outdoors and on the water. That’s one of the many reasons why boat owners count on the team at Colling Insurance Services Inc. for their boat insurance needs. Because as a boat owner, you need the security that comes with knowing you’re well-equipped to handle any challenges that come your way.

Stay Protected On Land and At Sea With Boat Insurance

When people think about boat safety and insurance, their minds often drift to boating accidents or mishaps on the water. However, boats can usually be damaged or require repairs without ever leaving the dock, garage, or trailer. Boat insurance covers everything from storm damage to transport accidents and even vandalism, offering protection for your vessel both on dry land and in the water. This comprehensive coverage can lead to significant savings, helping you maintain your vessel and finances in tip-top shape.

Boat Insurance Solutions in Lakewood, CO

If you’re looking for boat insurance or have questions about boat insurance and live in or around the Lakewood, CO, area, we’re here to help. The Colling Insurance Services Inc. team offers tailored boat insurance solutions to fit the needs of you and your vessel. Get in touch with us today to discover how boat insurance can provide protection both before and after setting sail.

Is Umbrella Insurance Required in Colorado?

Colorado Umbrella Insurance Requirements

With the many types of insurance coverage available for residences and commercial businesses, it can be overwhelming and confusing to understand what coverage is needed and required by the state of Colorado. One type of coverage that people frequently inquire about at Colling Insurance Services Inc. is umbrella coverage. They want to know whether it’s something they should consider and if it’s mandatory by the state.

What is Umbrella Insurance, and Is It Required in Colorado?

Umbrella insurance is additional coverage that provides protection beyond the monetary limits of other policies you have in place. Essentially, an umbrella policy is a supplement to existing policies, such as home, renters, or auto insurance.

In the event that your primary policy does not cover a particular situation or the limit of coverage has been reached, the umbrella policy can make up the difference and provide the coverage you need. You can rest easy knowing that you have extra coverage in cases such as personal liability, property damage, lawsuits, and injuries. Having the additional coverage an umbrella policy provides can help prevent a devastating impact on your financial security when an unexpected event occurs.

Understanding Colorado Insurance

While the state of Colorado requires automobile and motorcycle insurance, umbrella insurance is not mandatory. It is your choice whether it is beneficial to get an umbrella policy.

Discover more about umbrella insurance and how the extra coverage can benefit your current and future financial security.

Contact Colling Insurance Services

Our Colling Insurance Services Inc. team is just a phone call away, and they can tell you everything you need to know about getting umbrella insurance for your residence or business in Lakewood, CO.

Should Stay At Home Parents Purchase Life Insurance?

When considering life insurance, we often consider it necessary for the primary breadwinner. However, at Colling Insurance Services Inc. in Lakewood, CO, we frequently discuss the importance of life insurance for stay-at-home parents as well. Their contributions, while often unseen in financial statements, are invaluable. Let’s explore why life insurance is a wise choice for stay-at-home parents.

Valuing the Work of a Stay-at-home Parent

Stay-at-home parents perform various roles, such as childcare, housekeeping, transportation, cooking, and more. If something unexpected were to happen to them, the costs of replacing these services could be substantial. Life insurance can help cover these expenses, ensuring the family can maintain its lifestyle and function smoothly during a difficult time.

Financial Security for the Family

The loss of a stay-at-home parent can have a significant emotional and financial impact on a family. Life insurance provides a financial cushion that can help cover immediate costs like funeral expenses and ongoing costs such as childcare or education. This financial support can ease the burden on the surviving parent, allowing them to focus on their family’s well-being without financial stress.

Peace of Mind

Having life insurance for a stay-at-home parent brings peace of mind. Knowing that a safety net is in place can alleviate worries about the future. It’s about ensuring your family is protected and cared for, no matter what happens. This peace of mind is invaluable and allows both parents to focus on the present without undue concern about potential future hardships.

At Colling Insurance Services Inc., we believe in comprehensive family protection. Life insurance for stay-at-home parents is a crucial part of this strategy. For more personalized advice in Lakewood, CO, call us to discuss your options.

What Are the Benefits of Longterm Care Insurance?

Planning for the future often involves looking beyond immediate needs. At Colling Insurance Services Inc. in Lakewood, CO, we frequently emphasize the importance of long-term care insurance. As we age, the likelihood of needing long-term care increases, and having the right insurance can make a significant difference. Here are some of the benefits of long-term care insurance.

Financial Security

One of the primary benefits of long-term care insurance is the financial security it provides. The cost of long-term care, whether in a nursing home, assisted living facility, or at home, can be substantial. Without insurance, these expenses can quickly drain your savings and retirement funds. Long-term care insurance helps cover these costs, ensuring you don’t sacrifice your financial stability or loved ones.

Flexibility in Care Options

Long-term care insurance offers flexibility in the type of care you receive. Whether you prefer to stay in your home, move to an assisted living facility, or require nursing home care, your policy can be tailored to meet your needs. This flexibility allows you to choose the care that best suits your lifestyle and health requirements, providing you with greater control over your future.

Reducing Family Burden

Without long-term care insurance, family members often bear the responsibility of providing care, which can be a significant emotional and financial burden. Having a policy in place ensures that your loved ones aren’t strained by caregiving duties or unexpected expenses, allowing them to focus on spending quality time with you instead.

At Colling Insurance Services Inc., we believe in proactive planning. Long-term care insurance is a vital component of a comprehensive financial strategy. For more information on how long-term care insurance can benefit you, visit us in Lakewood, CO, or call us.

Five Different Types of Health Insurance Coverage

One would think all health insurance is the same, but that’s not true. We understand that finding the right health insurance coverage can be a daunting task. Colling Insurance Services, Inc. can assist you in Lakewood, CO.

1: Health Maintenance Organizations (HMOs)

HMOs are a type of coverage that connects patients with " in-network " doctors. They only cover out-of-network cases in emergencies. These plans are convenient as they offer multiple locations throughout specific areas. They also allow you to get treatment from a PCP and emphasize prevention, care, and wellness.

2: Preferred Provider Organizations (PPOs)

A PPO is a network of healthcare providers where patients pay less if they visit in-network providers. These providers are often spread across specific areas, with some organizations being nationwide. These plans are ideal for individuals who travel frequently or prefer to keep their options open, as they can visit doctors and hospitals even if they aren’t on the preferred provider list.

3: Exclusive Provider Organizations (EPOs)

An EPO health insurance plan is similar to a PPO, except patients can only see in-network providers. These plans often include more providers in specific areas. The only downside is that they might require referrals to see any provider other than your PCP.

4: Point-of-service (POS) Plans

POS plans allow patients to pay less if they use specific doctors or hospitals for healthcare services. You can use providers in this type of plan’s network at lower costs. However, they often lack choice, and patients will need a referral to see a specialist. 

5: High-deductible Health Plans (HDHPs)

An HDHP is a type of healthcare plan with higher deductibles but lower monthly premiums. It can be an excellent choice for those who don’t frequently need to see a doctor. In addition, it can be used in conjunction with an HSA, which is a savings account for healthcare costs.

The Bottom Line

Choosing a plan can be complex, as many factors influence each plan. Colling Insurance Services, Inc. can help you find the perfect plan if you’re located in the Lakewood, CO, area. Contact us through our website or give us a call.

Does Dental Insurance Cover Braces?

Many people get dental insurance to help with the cost of those procedures. If you live in the Lakewood, CO, area, we invite you to consult with one of our experienced agents at Colling Insurance Services Inc. Our agency has been serving area clients since 1957, and we will work with you to find a customized solution for your insurance needs.

One dental procedure that can be costly is getting braces. According to Value Penguin, the costs of braces will vary based on the materials used and the length of time they will be needed. Dental insurance policies will cover some or all of the costs of braces. Almost all dental policies will cover the x-rays, examinations, and braces installation procedures by the dentist.

To discover whether your dental insurance policy covers braces, you’ll have to read some fine print in your policy. According to EHealthinsurance, it’s also essential to know whether the policy’s braces coverage will apply to the costs of braces for adults. The same website reports that although 25% of U.S. patients who wear braces are adults, braces are not typically covered for those clients. If you’re anticipating braces for you or someone in your family, you need to check your family’s parameters.

Call Us Today for an Appointment

When you need dental insurance, you need to get a clear picture of what your policy will cover. If you live near Lakewood, CO, we encourage you to meet with one of our agents at Colling Insurance Services to discuss your insurance needs. We will review our many coverage options and work with you until we can find suitable options for you. Call us for an appointment today, and let’s talk about insurance.

What to Ask Your Agent When Choosing Boat Insurance

Choosing The Right Boat Insurance with Colling Insurance Services Inc.

Navigating the waters of boat insurance doesn’t have to be challenging, especially when you’re assisted by Colling Insurance Services Inc. in Lakewood, CO. We realize the joy you derive from embarking on your boat during the sunlit summer months. However, one should not overlook the importance of safeguarding yourself and your passengers. The best way to achieve this is through a comprehensive insurance policy that instills peace of mind.

Key Questions In Finding the Right Boat Insurance

Having the right questions for your insurance agent can simplify the process of finding the right boat insurance. Here are essential queries you might want to consider:

  • What should the basic coverage limit be?
  • Are additional protection options necessary?
  • How frequently should your policy be reviewed?
  • Who should you contact for questions or changes to your policy?

You might have other specific queries, too, and we recommend that you consult an agent directly to attain the answers you need rather than taking an uninformed guess. This not only guarantees optimal coverage for your needs, but it fosters confidence when you’re out sailing. Let the focus be on fun and not on the coverage of your boat.

Contact Colling Insurance Services Inc. for Boat Insurance Solutions

We invite you to contact us at Colling Insurance Services Inc. if you’re in the Lakewood, CO, area and are exploring boat insurance policies. We aim to help you maximize the pleasure derived from boating while ensuring you’re adequately protected should something go amiss. The right coverage safeguards your boat, yourself, family, and other boaters, contributing to a seamless sailing experience.