Life & Health Insurance

Your life and your health is everything and at Valley West Insurance we understand the importance of making sure that you and your family are protected when something goes wrong!  We work with award winning insurers to provide you and your loved ones with quality Life and Health Insurance Plans catered to meet your needs.

Term Life

Life & Health Insurance

This type of life insurance pays a specific lump sum benefit to your desired beneficiary within a certain period of time (usually 1- 40 years) covered by the policy you select.  Term life insurance is often the most affordable due to the expiration of the policy term.

Life & Health Insurance

Permanent Life

Term policies are good choice if you are looking for:

Whole Life. Covers you for your whole life as long as you continue paying your premiums. Like a term insurance policy, whole life insurance pays a death benefit to your beneficiaries. It can also build a cash value or accept additional contributions on a tax-deferral basis.
Variable Life. This form of permanent life insurance contains a cash value from which a portion of the premium dollars collected are allocated to a separate account comprised of various investments and/or funds from the insurance carrier’s account.
Universal Life. A form of hybrid permanent life insurance offering the low-cost protection of term life insurance as well as a cash accumulation element, much like a whole life policy, which is invested in a fixed or indexed savings component to provide a buildup of cash reserves. Interest earned from the buildup of cash reserves can be used for premium payments.
Variable Universal Life. Like universal life insurance, variable universal life insurance combines a separate savings component accompanied by a death benefit. Premium payments are paid into the savings component which consists of separately managed sub accounts, similar in functionality to mutual funds that are invested in stocks and bonds.

Annuities

Life & Health Insurance

An annuity is a sum of money of or an investment that is paid out in pre-determined intervals over a period of time.  Annuities can be structured as either fixed or variable in nature.  Fixed annuities provide regular fixed periodic payments to the annuitant and variable annuities allow the annuitant to receive larger or smaller periodic payments depending on whether the corresponding annuity fund does well or poorly.

Life & Health Insurance
Life & Health Insurance

Individual Health

Life & Health Insurance

Health Insurance is vital to help you and your family manage the costs of healthcare.  In exchange for a set monthly premium paid to your health insurance provider, you receive benefits which help pay for a portion of or all your health care expenses.  An Individual health plan is mandatory under the Affordable Care Act and you may be assessed a penalty for not having a qualified health plan in place.  Health insurance can be expensive so it is a good idea to speak with a Valley West Insurance qualified health care professional about affordable options for you and your family.

Small Group

Life & Health Insurance

Did you know that Federal and State law requires insurers to issue small group policies on a guaranteed issue basis?  This means that small group employers (employers with 2-50 employees) cannot be turned down by an insurer based on the medical history of the group.  What this means for small business owners is that you can retain and attract talent for your business by offering affordable health insurance plans for your employees and their families.

Life & Health Insurance
Life & Health Insurance

Large Group

Life & Health Insurance

Valley West Insurance also provides health insurance plans for large groups (51+ employees).  Unlike individual and small group plans, premium rates for large groups are determined by underwriting the group as a whole and not individually. Rates are based on employee participation and prior claims experience for the group.

Medicare

Medicare is a Federal health insurance program for people who are 65 or older, certain younger people with disabilities and people with End-Stage Renal Disease or ESRD (permanent kidney failure requiring dialysis).  There are 4 main parts to Medicare which cover specific services.

PART A (HOSPITAL INSURANCE). Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some health care.
PART B (MEDICAL INSURANCE). Part B covers certain doctors’ services, outpatient care, medical supplies and preventative services.
PART C (MEDICARE ADVANTAGE). Part C is a type of Medicare health plan offered by private insurance companies that are contracted with Medicare to provide you with all of your Part A and Part B benefits. Medicare Advantage Plans include Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Private Fee-for-Service Plans, Special Needs Plans and Medicare Medical Savings Plans. If you’re enrolled in a Medicare Advantage Plan, most Medicare services are covered through the plan and aren’t paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.
PART D (PRESCRIPTION DRUG PLAN). Part D adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for Service Plans, and Medicare Medical Savings Account Plans. These plans are offered by private insurance companies approved by Medicare.
MEDIGAP (MEDICARE SUPPLEMENT). A Medicare Supplement Insurance Plan is insurance that is sold by private insurance companies which can help pay for some of the health care costs that Original Medicare doesn’t cover. Medigap plans will can assist with copayments, coinsurance, and deductibles in most cases. A Medigap Plan differs from a Medicare Advantage plan in that it provides supplemental insurance for original Medicare while Medicare Advantage replaces Parts A & B and can include Part D from Original Medicare.

We Protect What Matters Most

Contact a VWI Agent today to discuss all your Personal Insurance needs! Connect