A Puritan Health Insurance Company review leads to Puritan Life Insurance Company. Puritan Life Insurance Company specializes in helping those preparing for retirement or those who have already reached retirement age have the coverage they need. They do not sell personal health insurance plans.
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Puritan Life Insurance Company helps individuals reach their retirement goals through:
- Life insurance
- Annuities
- Medicare supplements
- Mutual funds
- College savings
- Brokerage
- Long-term care
- Dental insurance
All policies are customized to fit the specific needs of the individual applying.
Puritan Life Insurance Company Medicare Supplements
In recent years, the idea of supplemental Medicare has not only taken off, but has been turned into a law that allows Medicare recipients to supplement their insurance as needed. Supplementing Medicare means that not as many expenses will have to come out of the pocket. For those on a fixed income, this is essential.
Medicare is for individuals who are 65 and older or have special medical needs. Medicare must be applied for and approved through the federal government. Once approved, individuals can apply for supplemental insurance through a number of companies such as Puritan Life Insurance Company. Complete details about Medicare can be found at http://www.medicare.gov/default.aspx.
The government has set up four branches of Medicare. They are referred to as Part A, Part B, Part C, and Part D. The coverage that an individual receives is based on the care they need and their income. Medicare covers hospital insurance, medical insurance, and prescription drugs either in whole or in part, depending on what type of coverage you have.
Puritan Life Insurance Company Mutual Funds
A key part of developing retirement income is investing. Mixing up investments between conservative, moderate, and risky investments is a good way to see your investments pay off. Mutual funds allow individuals to make investments that they would not be able to make on their own due to limited finances.
Mutual funds take the investment capital from many individuals, pool the funds together, and then the funds are invested in a variety of ways. Puritan Insurance mutual funds are set at a variety of risk levels. Individuals can choose all conservative, all moderate, all high risk, or a mixture of the three types of investments.
They also provide mutual funds that focus on a specific industry or market. For example, if an individual is interested in technology, they can choose a technology based mutual fund. If an individual is interested in the hospitality industry, they can choose that type of mutual fund.
Choosing the right Puritan mutual fund is based on many factors such as the amount available to invest, the risk level desired, and the type of industry desired. All of these need to be considered when speaking with a Puritan financial advisor. A financial advisor can help individuals find the mutual fund that is right for them and recommend changes and new funds, as more investment capital is available.
Puritan Life Insurance Company Insurance Products
Puritan Life Insurance Company has three insurance products, life, dental, and long-term care. Life insurance products include single premium life policies and senior adult policies. The first type is for those in the early years of life, family, and career with time to invest and grow resources. The second type is for seniors who need some coverage as they enter the later stages of life.
The second type of insurance provided by Puritan is dental insurance. There are two types of dental insurance provided. One is the PrimeStar Dental Classic and the other is the PrimeStar Platinum Dental Insurance. The first plan is very basic and focuses on preventative care. The second is an advanced insurance that covers almost all necessary dental procedures.
Long-Term Care insurance is meant to help off set the huge cost of medical care. Should long-term care be needed, the cost can be crushing if long-term care insurance is not in place. Puritan Life Insurance long-term care insurance is specially designed for seniors and helps preserve the financial assets that have taken a lifetime to build. A financial advisor can help individuals choose if long-term care insurance is right.
Finding great rates on personal health insurance is easy. Just enter your zip code in the free box on this page to receive rates and quotes from several top companies.