What kinds of health insurance are there?

health insurance
life insurance
term life

Life is unpredictable. Every day, it puts us through new experiences and plentiful challenges. We may not be powerful enough to prevent adverse situations from taking place, but the least we can do is prepare ourselves to face them in the best possible way. Baldwin Insurance Agency wants to help you prepare for any unforeseen situation. Our entire team of service-oriented and knowledgeable insurance professionals will work towards guiding you through the process of finding health and life insurance. Our insurance experts assist people to understand the benefit from health & life insurance. So, if you have been exploring health and life insurance coverage, we are here to help with the best possible support. 

Health Insurance

Health insurance is a way to manage the cost of health care. Health insurance companies collect premiums and pay out benefits. Covered services can include preventive care like routine check-ups and treatment for illness and injury. 

Individual health insurance is health coverage you purchase on your own directly from an insurance company rather than a group plan sponsored by an employer. While the name suggests it’s only for individuals, these policies can cover single people as well as families. 

Types Of Life Insurance

Life insurance plans can be categorized into two kinds, namely term insurance and permanent insurance. Let’s explore the details to get a clear picture of these two. 

  •  Term Life Insurance
    Designed to meet temporary needs, term life insurance protects for a specific period. It is important to note that it pays a benefit only if the individual dies during the term.
  • Permanent/Whole Life Insurance
    When it comes to permanent/whole life insurance, it provides lifelong protection. Until the time an individual pays the premiums, without any loan, withdrawal or surrender, the full face amount is paid. Note that permanent life insurance amasses cash value and is meant to be kept over an extended period.

Uncover More About Long-Term Care Insurance

Long-term care insurance helps in paying for the costs associated with long-term care. It is important to note that long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. Long-term care insurance policies reimburse policyholders a daily amount (up to a preset limit) for services to help them with activities of daily living like bathing, dressing, or eating. Individuals can select a range of care options and benefits that allow them to avail the services they need. To uncover more, contact Baldwin Insurance Agency! 

Types Of Disability Policies That You Should Be Aware Of

If new to the concept, know that while Short-Term Disability policies (STD) have a waiting period of 0 to 14 days, Long-Term Disability policies (LTD) have a waiting period of several weeks to several months. Also, that Short-Term Disability policies have a maximum benefit period of no longer than two years where Long-Term Disability policies have a maximum benefit period ranging from a few years to the rest of your life. To understand different protection features of these policies, you can always get in touch with one of our representatives and clear your doubts. 

To know which insurance plan is best for you as per your unique circumstances and financial goals, rely on Baldwin Insurance Agency. To get in touch with our insurance professionals, please call our office at 816-628-0092. You can also email your questions and get a prompt reply from us. 

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. 

  1.  Fee-for-Service
    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.
  2. Managed Care
    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.

What is ‘long-term care’?

Because of old age, mental or physical illness, or injury, some people find themselves in need of help with eating, bathing, dressing, toileting or continence, and/or transferring (e.g., getting out of a chair or out of bed). These six actions are called Activities of Daily Living–sometimes referred to as ADLs. In general, if you can’t do two or more of these activities, or if you have a cognitive impairment, you are said to need “long-term care.” 

Long-term care isn’t a very helpful name for this type of situation because, for one thing, it might not last for a long time. Some people who need ADL services might need them only for a few months or less. 

Many people think that long-term care is provided exclusively in a nursing home. It can be, but it can also be provided in an adult day care center, an assisted living facility, or at home. 

Assistance with ADLs, called “custodial care,” may be provided in the same place as (and therefore is sometimes confused with) “skilled care.” Skilled care means medical, nursing, or rehabilitative services, including help taking medicine, undergoing testing (e.g. blood pressure), or other similar services. This distinction is important because generally Medicare and most private health insurance pays only for skilled care–not custodial care. 


What are the types of disability insurance?

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There are two types of disability policies: Short-Term Disability (STD) and Long-Term Disability (LTD): 

  1.  Short-Term Disability policies (STD) have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years.
  2. Long-Term Disability policies (LTD) have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life.

Disability policies have two different protection features that are important to understand. 

  1.  Non-cancelable means the policy cannot be canceled by the insurance company, except for nonpayment of premiums. This gives you the right to renew the policy every year without an increase in the premium or a reduction in benefits.
  2. Guaranteed renewable gives you the right to renew the policy with the same benefits and not have the policy canceled by the company. However, your insurer has the right to increase your premiums as long as it does so for all other policyholders in the same rating class as you.

  • In addition to the traditional disability policies, there are several options you should consider when purchasing a policy:
    Additional purchase options
    Your insurance company gives you the right to buy additional insurance at a later time for an additional cost.
  • Coordination of benefits
    The amount of benefits you receive from your insurance company is dependent on other benefits you receive because of your disability. Your policy specifies a target amount you will receive from all the policies combined, so this policy will make up the difference not paid by other policies.
  • Cost of living adjustment (COLA)
    The COLA increases your disability benefits over time based on the increased cost of living measured by the Consumer Price Index. You will pay a higher premium if you select the COLA.
  • Residual or partial disability rider
    This provision allows you to return to work part-time, collect part of your salary and receive a partial disability payment if you are still partially disabled.
  • Return of premium
    This provision requires the insurance company to refund part of your premium if no claims are made for a specific period of time declared in the policy.
  • Waiver of premium provision
    This clause means that you do not have to pay premiums on the policy after you’re disabled for 90 days.

There are Many Kinds of Life Insurance


They generally fall into two categories: term insurance and permanent insurance.

Term Life Insurance
Term life insurance is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.  

Permanent/Whole Life Insurance
In contrast, whole life insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time. 

By determining your unique circumstances and financial goals we can help you find which type of life insurance is best for you. 

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified life insurance professional.

Thank you for your interest in Baldwin Insurance Agency. We make the quote process quick and easy, begin your quote today by utilizing the quote forms above! If you would like to speak to an insurance professional please call our office at 816-628-0092 or you can email your questions and an agent will reply promptly. 

Providing Experienced Insurance Coverage to:

Alma, Bates City, Belton, Bogard, Bosworth, Braymer, Breckenridge, Brookfield, Brunswick, Buckner, Camden, Carrollton, Centerview, Chillicothe, Columbia, Corder, Dover, Excelsior Springs, Gallatin, Grain Valley, Greenview, Greenwood, Hamilton, Hardin, Harrisonville, Henrietta, Higginsville, Holden, Holt, Jefferson City, Joplin, Kansas City, Kearney, Kidder, Kingston, Lathrop, Lawson, Lee’s Summit, Levasy, Lexington, Liberty, Lone Jack, Marshall, Maryville, Mayview, Missouri City, Napoleon, Oak Grove, Odessa, Orrick, Peculiar, Platte City, Plattsburg, Polo, Raymore, Rayville, Richmond, Savannah, Sedalia, Sibley, Smithville, Stet, Sugar Creek, Tina, Tracy, Trenton, Unity Village, Unity School, Wakenda, Wellington, Weston, Gower, Trimble, Edergton, Plattewoods, Parkville, Stewartsville, Osborn, Turney, Knoxville. 

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Baldwin Insurance Agency

200 N Jefferson St, Suite A, Kearney, MO 64060, US

(816) 628-0092



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9:00 am – 5:00 pm


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