What you need to know about life insurance

Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made to your family when you are gone. We assist our clients in determining an adequate amount of protection and what plan best fits their needs.

Life changes—so should your policy

As your life changes, your life insurance coverage may need to change in order to adapt to current needs:

  • Recently married or divorced
  • Have a new child or grandchild
  • Have opened or expanded a business
  • Your health or your spouse’s health has deteriorated
  • Providing care or financial assistance to a parent
  • Child or grandchild requires assistance or long-term care
  • Recently purchased a new home
  • Planning for a child or grandchild’s education
  • Concerned about retirement income
  • Refinanced home mortgage in the past six months
  • You or your spouse recently received an inheritance
  • Have a sizable estate

Term Life Insurance

Term life insurance provides protection for a specified period of time. Most common policies are 10, 15, 20 & 30-year level term policies. For the specified duration of time, your premium will remain the same.

Medicare Supplements

Medicare/Medigap Policies

A Medigap policy is private health insurance plan that helps pay some of the health care costs (“gaps”), which Medicare doesn’t cover (such as copayments, coinsurance, and deductibles). If you have Medicare and a Medicare supplement, Medicare will pay its share of the Medicare-approved amounts for covered health care costs. Then your Medigap policy pays its share.

Medicare Advantage Plans

A Medicare Advantage Plan is offered by a private company that contracts with Medicare to provide you with your Medicare Part A and Part B benefits. These plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you are enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.

Health Insurance

All health insurance plans compliant with the Affordable Care Act (the law commonly referred to as Obamacare) are major medical health insurance plan. Different types of major medical health insurance include:

  • Obamacare health plans for individuals and families
  • Employer-based health insurance plan
  • Qualified Health Plans (Obamacare plans that can be purchased with a subsidy)
  • Catastrophic Plans (primarily available for those under age 30)
  • Government-sponsored health insurance coverage (Medicare, Medicaid, etc.)

What exactly is Affordable Care Act/ObamaCare?

This gives tens of millions of low-income and middle-income Americans access to quality healthcare by providing discounts through the Health Insurance Marketplace (also known as a Health Insurance Exchange). Find out exactly what the Health Insurance Marketplace is, and how it works.

About Us

At Kraft Insurance we’ll work with you to understand your unique insurance needs. We’ll follow up with many fine insurance providers to deliver high-quality, affordable insurance options tailored to deliver the value and coverage you’re seeking.


General inquiries:
[email protected]