Individual Health and Financial Products
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When people think about disability insurance, they often mistakenly believe that it is only for those who are older. However, the truth is that younger people are just as likely to become disabled, if not more so. According to the Social Security Administration, nearly one in four 20-year-olds will become disabled before they reach retirement age. And while younger people may be more resilient and have a higher chance of recovering from an injury, a prolonged disability can still have a significant financial impact. This is especially true for younger workers who have not had the opportunity to build up substantial savings. For these workers, disability insurance can provide much-needed financial protection in the event of a disabling injury or illness. Whether you’re younger or older, Disability insurance is an important part of any financial security plan.
Contact BWO Insurance today to learn more or to Get a quote now to evaluate your options.
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Health insurance can be overwhelming, with countless acronyms and options to navigate. At BWO Insurance, we make it simple. Our specialists help you find the right coverage to fit your needs.
Health insurance provides essential financial protection by helping you avoid costly medical bills and unexpected expenses. It also ensures better access to quality care, as insured patients are more likely to receive comprehensive treatment. Most importantly, it offers peace of mind, knowing you’re covered in case of an emergency.
If you’re unsure about your health insurance options or simply want the security of knowing you’re protected, BWO Insurance is here to help. Contact us today to schedule an appointment and find the coverage that’s right for you and your family.
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There are four main types of life insurance: term, whole, universal, and variable. Each type has its own advantages and can be used for different financial planning purposes.
Term life insurance is the most basic and affordable type of life insurance. It provides coverage for a set period of time, usually 10-30 years. Term life insurance is a good choice for those who need temporary coverage or who have a limited budget.
Whole life insurance provides coverage for your entire life. It is more expensive than term life insurance, but it also offers some additional benefits, such as cash value accumulation. Whole life insurance can be a good choice for those who want lifelong protection or who want to build up cash value for future needs.
Universal life insurance is similar to whole life insurance, but it offers more flexibility in terms of premiums and cash value accumulation. Universal life insurance can be a good choice for those who want more control over their policy or who want to maximize their cash value growth.
Variable life insurance is a type of universal life insurance that offers investment options within the policy. This makes it possible to grow the cash value of the policy while also getting the death benefit protection. Variable life insurance can be a good choice for those who want to invest for their future and provide for their loved ones at the same time.
Each type of life insurance has its own benefits and drawbacks, so it’s important to choose the right one for your needs. Life insurance can be used for a variety of financial planning purposes, such as protecting your family in case of your death, funding your retirement, or leaving a legacy. No matter what your goals are, there’s a type of life insurance that can help you achieve them. Contact a BWO agent to help.
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A Health Savings Account, or HSA, is a tax-advantaged savings account that can be used to pay for medical expenses. HSAs are typically offered in conjunction with high-deductible health plans, and they provide a way for account holders to save for future medical costs on a tax-free basis. In addition, funds in an HSA can be invested and allowed to grow tax-deferred, providing a potential source of tax-free income in retirement. As such, an HSA can be an important tool to help pay for medical expenses, both now and in the future. Contact us to schedule an appointment to discuss if a HSA is right for you.
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