Annuities

An annuity can help you accumulate tax-deferred earnings as part of your overall retirement plan. Annuities offer the opportunity for lifetime payments and tax-deferred earnings, and provide a guaranteed death benefit for your beneficiaries. All guarantees are backed by the continued claims-paying ability of the issuing insurance company.

​

An annuity is different from most other retirement savings vehicles — it’s actually a contract between you and an insurance company. In return for making one or more premium payments, the insurance company agrees to provide you an income stream — usually during retirement. You can elect to receive payment all at once or as a series of payments, even for the rest of your life.

​

​

​

​

Dental Insurance

Don’t let the cost of dental care get between you and the health of your teeth and gums. If you or your family are not covered on a group dental insurance plan, supplementary dental insurance may be right for you. Without insurance, any trip to the dentist’s office could be costly, even if it’s just for routine, preventative care.

​

​

​

​

Individual Disability Insurance

If you own your business, individual disability income protection is critical. It’s also highly recommended for executives. If you’re a business owners, you should consider purchasing both group and individual policies. Executives should be sure to obtain group coverage if it is available. Did you know that only 43% of large companies provide group long term disability insurance?

 

Employees of small companies are even less likely to get long term disability insurance at work. When your employer provides you with a plan, the cost is usually lower than if you obtained coverage on your own, and you can usually bypass the medical qualification. If your employer doesn’t offer disability insurance, you should consider purchasing an individual disability policy.

​

​

​

​

Individual Health Insurance

Individual health insurance programs are meant for individuals and families who cannot obtain health insurance through an employer. As medical care costs continue to rise, health insurance has never been more important. Charles Obeid Insurance offers health insurance programs that offer extensive coverage, as well as high-deductible options that are designed to protect against catastrophic financial losses.

​

As an independent insurance agency, Charles Obeid Insurance can provide plans from numerous health insurance companies, ensuring that you’ll always get the most competitive rates possible.

​

​

​

​

Individual Life Insurance

Protect your family’s financial future by securing an adequate life insurance plan from Charles Obeid Insurance. Your life insurance policy will provide your family with the necessary funds to cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.

​

We have a variety of life insurance policies to suit your needs. Choose between:

​

Term Life

Term life insurance is a low-cost way to provide maximum coverage for your family. This type of plan provides protection for a limited number of years, and expires without value if the insured lives beyond the policy period, which is usually 5-20 years. Some policies offer different life periods, such as one year annual renewable term.

​

Term life insurance premiums do not increase during the guaranteed policy time period (term) that you select. However, your insurance will only pay a death benefit if you die during that term. Term life insurance usually provides the largest insurance protection for your premium dollar.

​

Universal Life

The key benefit of universal life insurance is its great flexibility. As a policyholder, you can choose how much and how often you pay into the plan, which means the more you pay, the less time you’ll need to continue paying.

​

Whole Life

Whole life insurance, as its name suggests, provides permanent protection from the date that the policy is issues until the date of the insured’s death (provided that premiums are paid). Once the plan’s premiums are set at the time the policy is issued, they do not change over the course of the policy’s life.

​

Unlike term life insurance, whole life combines insurance protection and savings or cash value, which builds over time. Cash value buildup may provide a source for living benefits, such as helping to pay off a mortgage, a child’s education, or cash surrender value if the policy is ever canceled.

​

​

​

​

Individual Long-Term Care Insurance (LTC)

When an individual requires assistance with daily activities, such as bathing and dressing, due to an accident, illness, or advancing age, long-term care provides for that type of care either at home or in a facility.

​

As life expectancy rises, the potential need for long-term care grows, too. There’s a good chance that you or a loved one will require long-term assistance due to a prolonged illness, disability, or general deterioration of your health and ability to perform daily activities, so it’s important to prepare for that day, should it come.

​

Most long-term care expenses are not covered by Social Security, Medicare, Medicare Supplement (“Medigap”), or private health insurance. Medicaid will pay for nearly half of all nursing home care, but you must meet federal poverty guidelines in order to be eligible, and may have to “spend down” most of your assets on health care.