Category Archives: Insurance

What Types of Life Insurance are Available?

Life insurance is an essential financial planning tool for protecting loved ones or business partners. If you want to learn more about life insurance coverage options, the experts at Colling Insurance Services Inc. can provide you with the support and insurance products you need. We proudly serve the residents in and around the Lakewood, CO, area.

Available Life Insurance Coverage in Colorado

If you are unsure which life insurance product suits your specific needs, our team of licensed life insurance experts can help you understand each type of life insurance product we offer and match you with those that offer the most benefit. 

We can also help you understand the terms and conditions associated with each policy to ensure you are an informed consumer. We can also assist you with submitting documents to acquire your policy quickly. We can also provide ongoing customer service for the lifetime of the policy and support beneficiaries with claims submissions. 

We work with our clients to help them get the best protection for those who matter most. Let us work with you to get coverage that offers peace of mind. 

Reach Out to Colling Insurance Services Inc. Today

If you want to learn more about life insurance products that offer security, please reach out today. Feel free to call or stop by Colling Insurance Services Inc. We proudly provide a range of insurance products to the residents in and around the Lakewood, CO, area. Please don’t take chances when it comes to your life insurance coverage. Let us work with you to help you understand your options and secure the right choices to offer the best protection for you and your loved ones. 

Long Term Care Insurance: What Is It, What Can It Do For You

Health insurance will cover you should you need a hospital stay, but what about old age? Even if you avoid a tragic accident, everyone eventually gets old and may need elderly care. Long-Term Care Insurance will take care of costs should you need to enter a facility or require a live-in nurse. This will become necessary should someone over age 65 be unable to perform one of the six activities of daily life. This includes eating, dressing, bathing, transferring, toileting, or continence. A care provider may also perform instrumental activities such as cooking, housekeeping, medication management, etc. Long-term care insurance pays for what health insurance won’t.

What Long-Term Care Covers 

If you are no longer able to do a number of the activities of daily life on your own or become cognitively impaired, you become eligible for the benefits of long-term care. Your age at the time of purchase may affect the cost. Women may have to pay more because, on average, they live longer than men. A pre-existing health condition may not prevent you from getting a policy. However, the policy might not cover any care germane to that specific condition for quite some time after it goes into effect. 

Why You Should Get It

There are two main reasons for getting long-term care insurance. The first is to protect your savings. The other is to give you more options for your care. Long-term care can run quite expensive. Long-term care insurance may help you find a better quality of care than health insurance alone can. 

Contact Colling Insurance Services Inc. For Long-Term Care

If you are in the Lakewood, CO area and looking into long-term care, consider Colling Insurance Services Inc. We’re here to help you. 

Four challenges you may face when you buy health insurance

American consumers can, unfortunately, face specific challenges when it comes to health insurance. Suppose you’re a consumer in Lakewood, CO. In that case, we can provide you with the health insurance information you need at Colling Insurance Services Inc. We’ll answer your questions and help you overcome any health insurance challenges you face.

The following are four challenges you may face when you buy health insurance. 

Missing enrollment periods

For most health insurance policies, you have a limited period in which to enroll. This is especially true if you want to enroll in a plan that includes a subsidy you get through the Affordable Care Act.

That’s why you need to be aware of enrollment periods and purchase a policy before any applicable enrollment period has ended. 

Understanding the health insurance policy that you choose

Health insurance can be a complicated financial product. Consumers must review the details and read all the fine print before purchasing a policy.

Ensure you understand issues like deductibles, coverage maximums, copays, and coinsurance entirely when shopping for health insurance. If you have any questions, ask a representative from the health insurance provider you want to buy a policy from. 

Being aware of all the resources available to you

Some consumers don’t realize they have health insurance options available to them through their employer or state or local government. 

Look into options provided by your employer, your state health exchange, and any memberships you have in professional organizations before you buy a policy. 

Not knowing what the future holds

Unfortunately, knowing what the future holds regarding your health is impossible. That’s why it’s always best to invest in high-quality coverage even if you’re healthy and don’t think you’ll need medical care in the near future. 

At Colling Insurance Services Inc., we’re here to help consumers in Lakewood, CO find the right health insurance options. Call us today to get a policy quote. 

The Smile Saver: Exploring the Benefits of Dental Insurance

Dental insurance often plays second fiddle to its more prominent counterparts: health and life insurance. However, the importance of maintaining good oral health should not be underestimated. Colling Insurance Services Inc offers a range of dental insurance options to suit diverse needs and budgets. Our team of experts is dedicated to guiding our Lakewood, CO neighbors through the process of finding the most suitable plan, considering your specific circumstances and goals. 

Let’s dive into the realm of dental insurance, taking a closer look at the crucial advantages that come with it. The primary benefit is the coverage of dental service costs, from regular check-ups and cleanings to more extensive procedures like fillings, crowns, or even oral surgeries. Dental insurance encourages a preventative approach to oral health, potentially saving you from costly procedures in the future.

Also noteworthy is the peace of mind that dental insurance brings. With a comprehensive plan, you’re covered in case of dental emergencies. It’s hard to put a price on avoiding the stress of unexpected financial burdens on top of health concerns. Many comprehensive dental insurance plans cover orthodontics, oral surgeries, bridges, and dentures. Even if these are not needed now, it’s good to know that you’ll be covered in the future if the need arises.

Dental insurance is an investment in your long-term health and well-being. If you’re ready to learn more about the benefits of dental insurance and what Colling Insurance Services Inc. can offer, don’t hesitate to contact us. Our team is prepared and eager to help you make informed decisions about your dental health. Contact us today for more information and details about dental insurance in Lakewood, CO.

Boat Safety Tips and Insurance Implications for Lakewood, CO Boaters

If you’re a boater in Lakewood, CO, it’s essential to prioritize safety while out on the water. Not only can safe boating practices help prevent accidents, but they can also have an impact on your boat insurance rates. Colling Insurance Services Inc. can help you find the right insurance coverage to protect you and your boat while potentially saving you money. Here are some boat safety tips to keep in mind:

Boat Safety Tips

  • Always wear a life jacket, and make sure your passengers do as well.
  • Follow all boating laws and regulations, including speed limits and no-wake zones.
  • Be mindful of weather conditions and keep an eye on the forecast.
  • Keep a close watch on children and inexperienced boaters.
  • Never operate a boat while under the influence of drugs or alcohol.

Insurance Implications of Boat Safety

In addition to the obvious benefits of safe boating, practicing good boating habits can also help you save money on your insurance premiums. Insurance companies consider several factors when determining your rates, including your boating history, the age and condition of your boat, and your claims history. Demonstrating a commitment to safety can reduce your risk of accidents and claims, which may result in lower insurance premiums.

Working with Colling Insurance Services Inc.

We’re committed to helping Lakewood, CO boaters stay safe and protected on the water. Our knowledgeable agents can guide insurance options and help you find the right coverage to meet your specific needs. Contact us today to learn more about our boat insurance options and how we can help you save on premiums.

Does Umbrella Insurance Cover Property Damage?

At Colling Insurance Services Inc. in Lakewood, CO, we ensure that our umbrella insurance policies cover what homeowners care about most. That being said, every policy is different, just like every homeowner’s needs are different. Generally, you might wonder what umbrella insurance policies cover regarding property damage. As you keep reading the article below, you will find that we have an answer to that question.

What does umbrella insurance cover?

An umbrella insurance policy may cover a combination of liability, property damage, and other considerations for those with a home insurance policy. If you reach the limit of your existing policy, an umbrella insurance policy might be able to help pick up the rest of the bill for repairs or related costs if they happen under certain qualifying conditions.

The point of umbrella insurance is to serve as an “umbrella” that gives you an extra layer of protection for metaphorical rainy days. When difficult events like certain qualifying natural disasters hit your home, your umbrella insurance policy may be able to assist you with rebuilding by covering some of the property damage. Of course, this all depends on the policy’s terms and the limits set on both your home and umbrella insurance policies.

In the best-case scenario, your standard home insurance policy will cover the damage, and you will not need to rely on your umbrella insurance to cover some or all of the costs. In the worst-case scenario, most of our clients are thankful to have the foresight to purchase umbrella insurance before this kind of emergency strikes so close to home.

For specific details on our umbrella insurance policies, call our office at Colling Insurance Services Inc. in Lakewood, CO today!

Three misconceptions out there about long-term care insurance

Long-term care insurance is crucial if you want your finances and have confidence that you’ll get the healthcare you need down the road. At Colling Insurance Services Inc., we provide long-term care insurance in Lakewood, CO. 

Being accurately informed about long-term care insurance is important. Unfortunately, misconceptions about this type of coverage are common.

Consumers only very rarely end up needing long-term care insurance

Assuming that you’ll never need long-term care is a bad idea. Even if you are very healthy, you could experience an accident or an unexpected illness that leaves you in need of costly long-term care. 

My Medicare plan will cover long-term care.

Your Medicare plan may cover long-term care in certain situations. However, you cannot always rely on Medicare to cover long-term care costs. How much Medicare coverage you receive for long-term care costs depends on what type of injury/illness you experienced and what Medicare plan and supplements you have. 

Purchasing a separate long-term care insurance policy gives you more confidence that any long-term care costs you face will be covered. 

Only the elderly need long-term care insurance.

Long-term care is associated with the elderly. However, even young, healthy individuals can benefit from having long-term care insurance. Individuals at any age could experience a severe injury that leaves them handicapped and needing long-term care. 

If you want to learn more about long-term care insurance, we’re here for you. Consumers in Lakewood, CO can get a long-term care insurance policy quote from us at Colling Insurance Services Inc.

Understanding Life Insurance Payouts: Taxes, Timing, and Tips

Navigating life insurance payouts can be complex, but understanding the process is crucial. As a trusted insurance provider in Lakewood, CO, Colling Insurance Services, Inc. is here to clarify a few key aspects of life insurance payouts, including taxes, timing, and valuable tips.

It’s essential to consider the tax implications of life insurance payouts. Generally, death benefits paid to beneficiaries are tax-free. However, certain situations may involve taxes, such as when the payout is part of the policyholder’s estate. To understand the tax implications specific to your policy, consult with a tax professional or one of our knowledgeable agents at Colling Insurance Services, Inc.

The timing of life insurance payouts can vary based on factors like policy type and claim processing time. Beneficiaries often receive payouts within weeks or months after the insurance company gets the claim and necessary documentation. To ensure prompt payouts, policyholders should inform beneficiaries about policy details and provide clear instructions for filing a claim.

Navigating life insurance payouts becomes easier by keeping essential tips in mind. Periodically review your policy to ensure it aligns with your current needs and those of your beneficiaries. Update your beneficiary information as life circumstances change, and store policy documents in a safe, accessible place. Let your beneficiaries know where they can find these documents. If you have questions about your policy, consult with a trusted insurance agent like those at Colling Insurance Services, Inc.

Our team at Colling Insurance Services, Inc., serving Lakewood, CO, is committed to helping you understand life insurance payouts. Don’t hesitate to contact us for more information or assistance with your life insurance needs.

Why do I need dental insurance if my teeth are fine?

Residents living in Lakewood, CO might wonder, "Why do I need dental insurance if my teeth are fine?" The answer is simple: dental insurance can help you save money in the long run and provide preventative care that keeps your teeth and gums healthy. Colling Insurance Services Inc. explains why dental insurance can benefit everyone – even when their teeth are in fine shape. 

Preventative Care for Your Teeth and Gums 

Regular visits to the dentist are essential for maintaining good oral health. Dental insurance plans cover preventive services like cleanings, check-ups, x-rays, fluoride treatments, sealants, and more. Preventative care is essential for catching potential issues before they become more severe and expensive! 

Affordable Dental Treatment 

Dental procedures can be costly without insurance coverage. With dental insurance coverage, you’ll have coverage for some of the most common dental procedures, such as fillings, crowns, bridges, root canals, extractions, dentures, and others. You may not need any of these now, but you might in the future. It is tempting to put off dental problems without dental insurance because of the expense. Access to these affordable treatments can help keep your mouth healthy and help you save money in the long run. 

Dental care is integral to overall health but often gets overlooked until an issue needs addressing. Investing in dental insurance from Colling Insurance Services Inc. makes getting regular check-ups and preventive care easier so that your teeth stay healthy for years. Plus, it also gives you coverage for dental treatments should any issues arise. So don’t wait— if you are near Lakewood, CO, contact us to enroll in dental insurance today!

Can I still get health insurance if I smoke?

It’s no secret that smoking is bad for your health and can cause several serious diseases. But what about getting health insurance? Can you still get coverage in Lakewood, CO if you smoke? The answer is yes, but the premiums may be higher due to the increased risk associated with smoking. Colling Insurance Services Inc. breaks down what options are available. 

Health Insurance Providers and Smoking Habits 

Most health insurance providers consider an applicant’s smoking habits when calculating premiums. This means that, depending on the provider, smokers may pay anywhere from 10% to 50% more than nonsmokers in monthly premiums. Most providers also impose age restrictions on smokers—for example, some plans will not cover those over 50 who smoke.  

That being said, many options are still available to smokers looking for coverage. Depending on where you live and the type of plan you choose, you may be able to find a plan that does not increase your premium due to your smoking habits. The Affordable Care Act (ACA) also prohibits discrimination based on pre-existing conditions like smoking or other lifestyle choices such as alcohol or drug use, so it’s important to remember this when shopping for coverage. 

In addition to lower premiums, quitting smoking has many other benefits, such as improved breathing, cardiovascular function, and overall health. Quitting can also help reduce stress levels, improving mental clarity and focus. If you have been considering quitting smoking but haven’t taken the plunge yet, now is a great time! Most insurance companies will allow smokers who quit within the last year to apply for lower rates without any additional paperwork or proof of quitting required.                       

If you live in Lakewood, CO, and need help finding an affordable healthcare plan that meets your needs, contact Colling Insurance Services Inc today for more information about your options!