Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
Whole life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. As a life insurance policy it represents a contract between the insured and insurer that as long as the contract terms are met, the insurer will pay the death benefit of the policy to the policy's beneficiaries when the insured dies. Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term.
Universal life insurance is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. Such policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at a substantially lower premium cost than an equivalent whole life policy at first.
Welcome to our appointment calendar! Here it is easy to schedule an appointment with us to discuss your insurance options. Select the time you think you will need and select a date and time when we are available. You will receive a confirmation email and reminder emails when the appointment approaches.
The Federally facilitated Marketplace requires insurance brokers/agents to provide a Privacy Notice Statement to all Marketplace clients via a public-facing website or electronic or paper form before collecting Personally Identifiable Information (PII). This notice describes how medical information about you may be used and disclosed and how you can get access to this information. Please review it carefully.
Insuring Sources, Inc. is authorized to collect Personally Identifiable Information (PII) from you. Any PII we collect is used to assist with your health insurance eligibility, and may be shared or disclosed in the following ways:
We may use and share your information as we:
• Assist with your enrollment for health insurance coverage through the health insurance Marketplace and determine subsidy eligibility. The information you provide may be submitted to CMS (a Federal agency) and will be maintained in a Federal system of records.
• Help manage verifications and information requested by you, your insurance carrier, and the Marketplace, such as:
• Income, tax household size, citizenship or eligible immigration status,
permanent move, divorce, marriage, the birth of a child, adoption, social
security number, tax filing, and premium tax credit reconciliation, Federally recognized tribe status.
• Claim, billing inquiries, and premium payment information
• S.A. enrollment
• Other information we receive from you as requested on insurance enrollment
forms and applications.
• We can use and share your information to run our organization and contact you when necessary. We use health and demographic information about you to develop better services for you.
If you choose to give us PII, we may share this information with certain entities under the following circumstances:
• Comply with the law. We will share information about you if a state or federal laws
require it, including with the Department of Health and Human Services if it wants to
see that we’re complying with federal privacy law.
• Address workers’ compensation, law enforcement, and other government requests
• Respond to court or administrative orders, lawsuits, legal actions, subpoenas, and health oversight agencies for activities authorized by law.
• We may be required to collect specific personal information about you as required by the law and insurance carrier. If you choose not to provide us with the PII requested, or not to respond to specific questions, your enrollment may be denied or delayed, and we will inform you of such consequences
• We are required by law to maintain the privacy and security of your protected health information.
• We will let you know promptly if a breach occurs that may have compromised the privacy or security of your data.
• We must follow the duties and privacy practices described in this notice and make the information available to you.
• We will not use or share your information other than as described here unless you tell us we can in writing. If you tell us we can, you may change your mind at any time. Let us know in writing if you change your mind
We can change the terms of this notice, and the amendments will apply to all the information we have about you. The new notice will be available upon request and on our website.
Regular commissions: Most revenues come from regular commissions paid on policies placed through Insuring Sources, Inc. varying by product and insurer. Commissions change annually and will range from a percentage to flat dollar amount and can also be paid based on the number of family members enrolled.
Overrides: few of the insurers that Insuring Sources, Inc. also grants Insuring Sources, Inc. the opportunity to earn an override. These overrides are based on Insuring Sources, Inc.’s collective volume of business. These overrides are modest and are used for supportive
services.
We value our customers and your trust in us and protecting your privacy is of extreme importance to us. This notice describes the data we collect and how we use, share and protect that data.
We collect Personal Identifiable Information (PII) from the following sources: Information provided on your applications and ancillary forms; Information about your transactions with us, and our affiliates; Information we receive from third parties, including contracted and non-contracted agents, agencies, and insurance carriers. This information can be collected in person, via phone communication, by mail, fax, email, and other necessary electronic means.
Your PII will be used and/or disclosed only o the extent necessary for the person’s or entities intended purposes and has not been used, altered or destroyed in an unauthorized manner.
Persons or companies that perform services on our behalf; Other insurance institutions with which we have joint marketing agreements as permitted by law; Other insurance support organizations for use in connection with an insurance transaction or to prevent fraud; An insurance regulatory authority; Law enforcement or other governmental authority to prevent or prosecute fraud or other unlawful activities;
The Health Insurance Marketplace and other governmental authorities, such as the IRS, CMS, ACHA, as required for the purposes of obtaining insurance benefits and tax premium subsidies; If applicable, an insurance carrier or the federal government for reporting claims or as a response to an audit.
We do not disclose any nonpublic information about you to either our affiliates or non-affiliates for any purpose other than to provide you with insurance products and services.
Your Right to Access, Verify and correct your PII. You have the right to request reasonable access to your nonpublic personal information. You may not access your personal information that relates to and is collected in connection with or in reasonable anticipation of a claim or a criminal or civil proceeding. If you believe the information we collected about you is inaccurate, you have the right to request in writing that we amend, correct or delete it. We are unable to request or implement changes to erroneous information that was submitted to insurance entities or the federal government on your behalf.
We restrict access to nonpublic personal information and only allow disclosures to persons and companies as permitted or required by law to assist in providing products or services to you. We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information. Should your relationship with us end, we will maintain and only disclose your nonpublic personal information in accordance with this Privacy Policy as required by law.
