Frequently Asked Questions

  • The monthly amount paid for an insurance plan.

  • The amount paid out of pocket before insurance starts covering costs.

  • The most paid in a year for covered services before the plan pays 100%.

  • A fixed amount paid for a doctor visit or prescription.

  • The percentage of costs shared with the insurance company after the deductible is met.

  • A plan that allows visits to doctors both in and out of network without referrals.

  • What is a PPO (Preferred Provider Organization)

    A plan that offers the most flexibility, allowing visits to both in-network and out-of-network doctors without referrals. Typically comes with higher monthly costs but greater provider access.

    What is an EPO (Exclusive Provider Organization)

    A plan that does not require referrals to see specialists but requires care to be received within a network of doctors and hospitals in order to be covered.

    What is an HMO (Health Maintenance Organization)

    A plan that requires selecting a primary care doctor and getting referrals to see specialists, while limiting coverage to a specific network of providers. Usually offers lower monthly premiums.

  • Item descriptionThe group of doctors, hospitals, and providers contracted with an insurance plan.

  • The process of evaluating health history to determine eligibility and pricing.

  • What is Term Life Insurance

    Coverage for a specific period of time, such as 10, 20, or 30 years. Designed to provide affordable protection for income replacement, debts, or family support.

    What is Whole Life Insurance

    Permanent coverage that lasts a lifetime with a guaranteed payout and a cash value component that builds over time.

    What is Universal Life Insurance (UL / IUL)

    Permanent coverage with flexible premiums and potential cash value growth. Often used for long-term financial planning and wealth accumulation.

    What is Final Expense Insurance

    A smaller permanent policy designed to cover end-of-life expenses such as funeral costs, medical bills, or other final obligations.

  • Additional coverage that pays cash benefits for events like accidents, hospital stays, or critical illness.

  • The person who receives the payout from a life insurance policy.

  • The amount paid to the beneficiary when the insured passes away.

  • Savings component that builds over time in permanent life insurance policies.

  • The total coverage amount of the policy.

  • An add-on that provides extra benefits such as critical illness or disability coverage.