Life and Health Insurance

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Life Insurance

Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. Do you know which life insurance policy type is right for you? At Palmetto Insurance we can help. Our dedicated team of South Carolina life insurance professionals understand South Carolina’s market and regulations and can find the right plan – or mixture of plans – for your specific needs.

Term Life Insurance Basics:

• Coverage for a “term” or period of your life
• Lower premiums for a higher coverage
• Rates can change after specific terms expire.
• No equity – cannot be used as cash value

Permanent Life Insurance Basics:

• Exactly like it says – permanent, not for a specific period
• Protection carries with you your whole life
• Can build equity and have cash value
• Higher premiums then term life, but can be more valuable in the long run

Term and Life Together:

• Build lifelong base of whole live coverage
• Supplement specific times of your life with term insurance

When to choose term?

Most people choosing term life have a strategy for long term net worth and need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.

When to choose whole life?

Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life policies will pay dividends - although not always.

With so many options many people find themselves overwhelmed when they receive SC life insurance quotes. Let one our life insurance professionals put together the right South Carolina life insurance quote for you.

Individual Health Insurance

The importance of health insurance is commonly underestimated as many people opt out of coverage to avoid premium payments. Securing a policy will protect you from financial devastation if you are to become sick or injured. Going without coverage will only leave you vulnerable to greater problems and cost you more in the long-run. And most importantly, health coverage contributes to your well-being and the future of your most valuable asset – YOU!

What should be covered under a health insurance policy?
The following coverage’s are typically covered under a good health policy:

• Hospital expenses such as room, board, and other supplementary services provided in a hospital
• Surgeons fees and associated costs associated with surgical procedures
• Physicians expenses for routine check-up’s and visits to a doctor’s office
• Laboratory expenses such as x-rays and various diagnostic lab tests

Additional coverage options that may be available:

• Prescription drugs
• Preventive care
• Mental health benefits
• Maternity care
• Vision care
• Dental care
• Chiropractic coverage

The best SC health insurance plan for you is the one that offers you the most benefits for the lowest costs. The best thing you can do to secure a plan that works for you is to shop around. This will give you the most options in choosing an affordable and reliable health plan.

Let Palmetto Insurance help you find health coverage that will fit your life’s needs. Take a few minutes and fill out the simple form to receive a free South Carolina Health Insurance quote today!