Life and Health Insurance
Providing insurance to Greenwood, Indianapolis, Franklin, Whiteland, Columbus, Merrillville, Highland, Crown Point, Elkhart, South Bend & All of Indiana
Finding the right Life and Health Insurance products can be challenging in today’s insurance environment. Mayflower Insurance Services offers a complete line of individual health and life insurance products that are crafted to meet you and your family’s specific needs. We work with several different top-rated insurance companies, and will place your account with the company that will provide you with the coverage and benefits you want.
Mayflower Insurance Services can help you make sound, informed decisions about issues affecting your life, health and insurance needs. Our philosophy is to fully understand your objectives and then translate them into solutions that provide assurance and peace-of-mind.
Life insurance is a useful insurance policy designed to protect your family when you no longer can. This insurance can provide compensation to take care of your family when they most need it.
At Mayflower Insurance, our agents are dedicated to providing your family with a reliable and affordable life insurance policy that suits your needs and fits your family.
What Does Life Insurance Cover?
There are different types of life insurance policies available depending on your needs. The common types of life insurance include:
Term Life Insurance
A term life insurance policy provides coverage for a certain amount of time, such as 10, 20 or 30 years, although other terms are available. This type of insurance is useful in case you only want a life insurance policy until a certain period.
Whole Life Insurance
A whole life insurance policy provides coverage for a policyholder’s entire life. Unless cancelled, this policy will last until the policyholder passes away, at which point benefits will be provided to the beneficiaries listed on the policy.
Universal Life Insurance
A universal life insurance policy is a type of whole life insurance policy that allows a policyholder to withdraw money from a cash value section of the policy. Cash value is not available for term life insurance policies.
Get Life Insurance Today
Don’t wait until it is too late to get a life insurance policy.
Common Life Insurance Questions
When Do I Need Life Insurance?
Many people believe that they do not need a life insurance policy until they are older. On the contrary, life insurance is cheaper when you are young. It is important to consider life insurance when you are the breadwinner in your family or if you have substantial debts, such as student loan debts or mortgages.
How Many Life Insurance Policies Can You Have?
You can technically have more than one term life insurance policy at the same time. An insurer may not provide a single person with multiple whole life insurance policies, however. You may also have the option of carrying both a whole life insurance policy and a term life insurance policy.
How Does Life Insurance Work?
When you purchase a life insurance policy, you will typically pay monthly premiums. The amount you pay builds up to a certain amount of benefits that will be given to the beneficiaries listed on your policy after you pass away. If a policy is cancelled, premiums cannot be refunded.
Regardless of your needs or qualifications, Mayflower Insurance Services can help you find a policy that will provide your survivors with adequate compensation. Contact one of our agents at 800-400-0500 or request a policy quote right now.
Additional Life Insurance Resources
Why You Should Get Life Insurance Before a Child’s Birth
Should I Leave Life Insurance to My Spouse?
What kinds of health insurance are there?
There are essentially two kinds of heath insurance: Fee-for-Service and Managed Care. Although these plans differ, they both cover an array of medical, surgical and hospital expenses. Most cover prescription drugs and some also offer dental coverage.
These plans generally assume that the medical professional will be paid a fee for each service provided to the patient. Patients are seen by a doctor of their choice and the claim is filed by either the medical provider or the patient.
More than half of all Americans have some kind of managed-care plan1. Various plans work differently and can include: health maintenance organizations (HM0s), preferred provider organizations (PPOs) and point-of-service (POS) plans. These plans provide comprehensive health services to their members and offer financial incentives to patients who use the providers in the plan.
Contact our office at 877-400-0500 for help or more information on health insurance.
Thank you for your interest in Mayflower Insurance Services. With five locations we are able to offer our services throughout Indiana, Wisconsin and Texas. Call our offices at 877-400-0500 or email us with any questions.