Health and Life Insurance

We know that taking care of your family is your top priority so we make it ours by offering a variety of health care insurance options as well as life insurance and annuities.

Health and Life Insurance

Will you outlive your income?

All your hard work, planning and patience should be put to good use.

At The Sprowls Insurance Group, we can help you structure an annuity that fits both your lifestyle and your long-term needs. Unfortunately, most people don’t quite understand what an annuity does or how they can benefit.

An annuity is an investment that can accrue large amounts of capital at competitive interest rates. While your contributions are not tax-deductible, the earnings build up on a tax-deferred basis until they are withdrawn. When you make your withdrawal, that amount is subject to conventional income tax rates.

There are several kinds of annuities to choose from. Call and speak to one of our dedicated agents and they can explain the pros and cons of deferred, variable, or single premium annuities. Make your money work as hard as you do.

Health Insurance is essential for you and your family.

It is almost impossible to live without health insurance these days. With the rising costs of health care, some people are finding it difficult to find affordable coverage. Whether your employer does not offer health coverage, or you are self employed, you may find yourself in a position where you need to seek your own health insurance policy.

Health insurance policies most often provide coverage for:

  • Doctor Visits
  • Prescriptions
  • Medical Testing
  • Specialized care
  • Surgical procedures

Each health insurance policy is different, typically you can work with your insurance agent to create a policy that best suits your lifestyle and needs. It is important to consider your financial situation AND the health of you and your family members when creating a health insurance policy. Most insurance agents can offer you two types of health care coverage:

Indemnity Plans (or Fee-for services plans)

  • Cafeteria/Flexible Spending Plans
  • Indemnity Health Plans
  • Basic & Essential Health Plans
  • High Deductible Health Plans (HDHP)
  • Health Savings Accounts (HSA)

Manage Care Plans

  • Maintenance Organizations (HMOs)
  • Preferred Provider Organizations (PPO)

Your insurance agent may also provide Medicare supplements, long term care, income protection, etc. Contact The Sprowls Insurance Group today for a free health insurance quote and more information on all of the policy options we offer./p>

Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… Which is right for you?

Our dedicated team of life insurance professionals understand Pennsylvania’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 higher coverage.
  • Rates can change after specific terms expire.
  • No equity – cannot be used as cash value.

Whole Life 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 than term life, but can be more valuable in the long run.

Term and Whole Life Combined:

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

When to choose term life?

Most people choosing term life have a strategy for long term net worth. They 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 life insurance quotes. Let one of our life insurance professionals put together the right life insurance quote for you. Contact The Sprowls Insurance Group today for more information and get a free PA life insurance quote!