Health & Life Insurance

HEALTH

TPA is a licensed broker for:

• Blue Cross and Blue Shield of RI
• United Healthcare

We are pleased to offer coverage for groups as small as one individual.

LIFE

We are pleased to assist you with your life insurance needs. We have access to a wide variety of carriers, giving us the ability to tailor a program to your needs, from term insurance to permanent protection.

Term Insurance- The most basic and least expensive type of life insurance. You buy coverage for a certain amount of time, such as 5, 10, 15, 20 or 30 years. If you die before the term is over, your beneficiary gets the benefit stated in your policy. If you live beyond the term, the policy expires.  Many policies also offer the option of extending your coverage, subject to certain restrictions and limitations.

• Fills a temporary need for life insurance protection in your life
• Offers the least expensive insurance protection
• Most policies allow you to convert your term policy into a permanent one
• Can be used as supplemental coverage to a permanent policy
• Death benefits are generally income tax free

Permanent Insurance- This type of policy never expires. As long as premiums are paid, it remains in force. Premiums are usually based on your age at the time of purchase and generally remain level. In addition to providing a death benefit, premiums are also invested to produce returns – adding cash value to your policy. You can even tap into this cash value by taking out a loan, withdrawal or surrendering your policy.

• Policies offer lifetime protection and can build tax-deferred cash value
• Withdrawals and loans make it easy to access your cash value to help supplement retirement and emergencies
• You can cancel or surrender the policy at any time and use the cash value however you wish
• Offers a guaranteed premium that won’t increase
• Death benefits are generally income tax free

Disability Income Insurance
Your employer may provide disability income insurance. But some coverages won’t provide more than 60% of your income, won’t pay benefits up to age 65, and have waiting periods longer than your savings will keep you afloat.  In this case you'll probably need private insurance, too.

-IRA
-Long Term Care