FINANCIAL INSURANCE

• Life – life insurance provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner.
• Medicare Supplement (Medigap) – these are policies that are health insurance sold by private insurance companies which can help pay some of the health care costs that original Medicare doesn cover, like coinsurance, copayments, or deductibles.
• Long Term Care – this can cover home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer's facilities, and home modification to accommodate disabilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed.