Individual Insurance

Individual Medical Insurance

Not everyone has group health insurance plans available to them through an employer. To satisfy the needs of the individual consumer, F.W. Serra offers individual medical insurance plans for you and your family. If you would like more information about these plans and how you can get the coverage you need, contact an insurance representative at F.W. Serra, Inc.

Telephone: (203) 926-0001
Toll Free: (888) FWSerra (888-397-3772)
Fax: (203) 926-0666
E-Mail: info@fwserra.com

To apply directly for Anthem Individual or Tonik Insurance click here.

 

Life Products

You buy life insurance to protect what is important to you - your family, your home and your business. Life insurance offers a death benefit that lets you rest assured your family would be able to keep their home, go to college and obtain the plans you have made for them. It also ensures that the business you have worked so hard to build can keep going. Life insurance can also help you achieve these goals: estate planning, cash accumulation, wealth transfer, and estate tax liquidity. Some policies can help you grow financially and you can use the money that accumulates during your lifetime to help fund for college, retirement or unplanned expenses. F.W. Serra offers several types of life insurance policies to choose from, including Term Life, Universal, and Variable Universal Life, Whole Life, as well as Survivorship Life.

Disability Income

What is Disability Income Insurance?
A disability insurance policy is a contract between you and an insurance company. You pay a periodic premium, and in exchange the insurance company promises that if you cannot work because you are disabled, it will pay you a percentage of your lost income. Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Like all insurance, disability insurance is designed to protect you against financial disaster. Most disability policies pay you a benefit that replaces part of your earned income (usually 50 to 70 percent) when you can't work. Should you ever become disabled and are unable to work, you'll rest comfortably - knowing that you have enough income to meet your living expenses and to preserve the lifestyle you've worked hard to create.

Do you need it?
Although many people own life insurance because they're aware of the risk of dying, most people ignore the risk of disability. Your chances of being disabled for longer than three months are much greater than your chances of dying prematurely.

How much do you need?
Insurance companies do not sell disability policies that replace 100 percent of your salary. If they did, they fear you would have no economic incentive to go back to work! Expect to find coverage available for 50 to 70 percent of your income. Unless you have substantial other sources of unearned income - such as investment or rental portfolios, for example - it makes sense to buy as much coverage as you can afford.

Long Term Care

What is Long-Term Care?
Long-term care provides for the day-in, day-out assistance you need when a serious illness or disability renders you unable - physically or cognitively - to care for yourself for a lengthy period of time. Long-term care can be provided at home or at a nursing facility, assisted living or alternate care facility. The phrase "long-term care" refers to a broad range of medical and personal services. Long-term care goes beyond standard hospitalization and nursing care, and includes all the assistance you could need if you are unable to care for yourself for an extended period of time. The need for such care could be the result of a chronic illness or disability, or it could arise because of physical or mental impairments that prevent you from performing basic activities of daily living (feeding and dressing yourself, bathing, etc.). By making smart decisions today you can help ensure that your choice will not be made based on financial necessity, but rather on your special needs and wants. Long-term care insurance is relatively new, and policies are not as standardized as other, older types of insurance. So, it is important to shop carefully for the policy features that are important to you!

Why do you need it?
Would a long stay in a nursing home wipe out your life savings? Recent studies indicate that 40 percent of Americans over age 65 will need nursing home care at some point during their lives. With Americans living longer every year, this figure is likely to increase. The national average cost of a year in a nursing home is estimated at over $45,000; in some areas, the cost is more than twice that amount. Nursing home care is not covered by regular health insurance, and Medicare covers only minimal nursing home expenses. Consider, also, that 90 percent of long-term care services are provided outside of a nursing home setting; in homes, adult day care centers, assisted living facilities, etc. Medicare provides little or no coverage for these types of care.