Short-Term Health

Short-term health insurance is primarily intended to provide you with valuable protection against out-of-pocket costs in case of unexpected injury or hospitalization. Short-term plans may not cover prescription drugs and typically do not cover maternity care or care for pre-existing medical conditions.

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Affordable Care Act (ACA) Healthcare Policies

The Affordable Care Act (ACA) is designed to make guaranteed issue health insurance plans available to everyone. These plans cover preexisting conditions along with a list of essential health benefits that don’t change from plan to plan.

Federal guidelines have been established to expand coverage and to ensure important health areas like maternity care, newborn care and mental health care are a part of all ACA coverage. To be minimum essential coverage all ACA medical insurance plans must cover what are known as “essential health benefits,” including:

• Outpatient services
• Emergency services
• Hospitalization
• Laboratory services
• Maternity and newborn care
• Mental health and substance use disorder services including behavioral health treatment
• Pediatric services, including dental and vision care
• Prescription drugs
• Preventive and wellness services and chronic disease management
• Rehabilitative and habilitative services and devices

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Dental, Vision, & Hearing

Most health insurance policies cover a virtual catalog of illnesses and disease, but sadly they don’t cover some of the most common afflictions that can affect our health, namely dental, vision, and hearing issues.

We offer some of the finest dental, vision, and hearing policies available today. These kinds of policies don’t break the bank. They are very affordable and offer our clients valuable coverages that not only fit their budget but also provide necessary care. Companies like VSP, GTL, Mutual of Omaha are industry leaders, providing exemplary protection against financially challenging dental work, vision care, and hearing impairment.

Talk to us about your dental, vision, and hearing needs and let’s find a plan that’s perfect for you!

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Travel Insurance

In the last few years, travel, both domestically and internationally, has been somewhat limited. However, now that COVID-19 has been drastically contained in most parts of the world, people are once again looking forward to traveling outside of the United States.

Because of the high cost of medical care, some countries are now requiring visitors to have adequate health insurance before entering their country. Paul Kelly Insurance Agency can help you fulfill that requirement.

Voyager Choice is the most popular and comprehensive travel insurance on the market today. It covers pre-existing conditions, offering benefits like medical evaluation, mental health coverage, and prescription drug benefits. There’s a choice of medical deductibles and limits, making the plans more affordable and accessible. The plans offered by Voyager Choice are ideal for international travelers, mission partners, students studying abroad, and business travel.

If you are planning a trip abroad, contact us and we will make sure you are fully covered for any health issue that may arise on your trip. Given the epidemics, natural disasters, and security threats around the world – coupled with your run-of-the-mill medical issues, travelers have more reason than ever to ensure their health and safety prior to embarking on their trips. Talk to us and we’ll assist you in researching your health care options so you are truly prepared for the unexpected.

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Critical Illness

Paul Kelly Insurance is proud to provide a variety of insurance policies that offer cash benefits to our clients. When the unexpected happens, the last thing you would want to worry about is your finances. Everyone knows someone who has contracted cancer or suffered a heart attack. We have all had friends or relatives who have had a stroke or been plagued with Alzheimer’s Disease.

But thanks to advances in modern medicine, people are surviving these life threatening illnesses and living longer than ever before. Costs associated with the treatment of these illnesses can be staggering.

Having the right insurance policy can help you and your family withstand a prolonged treatment and recovery period without going deeply into debt. Have a major medical plan or Medicare simply won’t cover all the medical expenses and non-medical expenses, like loss of income, transportation, and lodging, that may occur.

We offer the very best in cancer, heart attack, stroke, and Alzheimer’s coverage at an affordable cost. Cash benefits, paid directly to you, can help you receive the financial peace of mind that will allow you to focus on what really matters most – your recovery.

Ask us about cancer insurance. Look into heart attack, stroke, and Alzheimer’s coverage. Talk to us about a hospital indemnity plan that will pay you cash for every day you are hospitalized. It could make a world of difference in your life!

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Life Insurance

Financial security is a hot topic today. Yet, it can be attained with very little effort with life insurance products from Paul Kelly Insurance Agency. We are convinced of the overwhelming importance of life insurance and annuities, and have made life insurance products one of our specialties.

We offer professional guidance in the field of life insurance so that you can be assured of your financial security regardless of life’s ups and downs. We start with a simple question – what is the cost of NOT have life insurance?

The answer is simple. . . fewer choices, fewer opportunities for loved ones, and a future that is uncertain and filled with stress. When a loved one dies the bills don’t stop coming. There are mortgages to pay, utilities due, education to pay for, and income to replace. Life insurance secures the health and wellbeing of your family, offering a future full of choices and opportunities!

Life insurance also offers living benefits while the insured is still alive. Your don’t have to die to receive some incredible benefits from life insurance. Money can be accessed from life insurance policies for such things as nursing home costs, terminal illness, and even as a steady source of tax-free income! At the very least, it could be argued that purchasing life insurance is the consummate act of compassion, a gracious way to ensure everyone’s future.

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Annuities

We also offer a vast array of fixed annuities that are unique in the world of investments. Fixed annuities are a safe, risk-free investment that can do what no other investment can do – give you an income that you can not outlive! Guaranteed.

FUN FACT – The difference between 1 million dollars and 1 billion dollars is 32 years. It takes 11 days of non-stop counting to reach 1 million. It takes 32 years and 12 days to count to a billion! Mind-blowing, isn’t it?

In 2021, $253 billion dollars was transferred from CDs and passbook savings accounts to annuities. Why? Because annuities earn higher interest, generally 2-5% higher, and they avoid probate, AND the money accumulate is tax deferred. Another fun fact. . . No one has ever lost money on a fixed annuity. . . not one dime. . .not even during the Great Depression! Fixed annuities are a life insurance product, not a securities product, and as such they come with certain guarantees. Generally, there are no fees, no maintenance costs, and no upfront charges(loads). They are one of the safest investments in the financial world, meaning there is no market risk. And lastly, they are more liquid than many other investments. Simply put, you have access to some or all of the money if the unexpected happens.

There are different kinds of fixed annuities that offer meaningful solutions to a number of different needs. The traditional fixed annuity will earn interest for a set length of time with a predetermined return. For instance, a common fixed annuity might offer a 4% return for 5 years. No mystery. No guessing. These annuities are simple and easy to understand. Of course, unlike CDs, they are more liquid (interest earned can be withdrawn monthly!) and there is no income tax due on the gain until the annuity matures. “tax deferral” is a primary feature of fixed annuities.

Indexed fixed annuities follow a stock market index, like the S&P 500. Your money isn’t invested in the stock market, it simply follows the performance of the market. These annuities generally have a 1% “floor”, meaning, you cannot lose money even if the stock market index falters and loses substantial value. Simply put, there is no downside risk, only upside potential.

Most often these kinds of annuities are tied to a GLWB rider, a Guaranteed Lifetime Withdrawal Benefit rider. This annuity and rider create what is called “an income base value” that is used to calculate one’s income for life. The rider can be purchased (usually for 0.95 – 1.15% of the account value annually) when the policy is issued. As an added feature, these income riders quite often offer a premium bonus (generally 8 – 10% of the first year’s premium) and a high annual interest rate (commonly called a “rollup” in the industry – generally 5 – 7% annually.) The bonus and the rollup are added to the annuity premium and this creates the income base value, which is different from the actual account value, and used exclusively for calculating your income for life. Using this formula, it is an economic fact that your investment will double in value in less than 10 years! (Of course, the return can only be used for income purposes. No lump sum settlement is possible with an income rider.)

For those who haven’t saved as much as they had hoped through the years, the indexed annuity with the GLWB rider is an amazing way to make up lost time and plan for retirement. In fact, fixed annuities are a great way to round out your retirement portfolio. You don’t have to be a financial wizard or a tax lawyer to understand the value of fixed annuities. They are a powerful way to substantially and safely increase the value of one’s retirement portfolio. One can take the risk out of investing and still maintain a solid plan for the future. Let us show you how!