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8152 S. Cass Avenue | Darien, Illinois 60561

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Other Product Offerings

Dental Insurance

Proper Care with Dental Insurance

Maintaining dental hygiene is very important to your overall health, but doesn’t need to be expensive. Whether you are searching just for you, your family, or a friend, we have a variety of dental insurance plans available to meet most needs and budgets. With thousands of providers in network, finding a dental insurance plan with a dentist that you feel comfortable with is just a phone call or email away.

Optional Vision Coverage

People who lack insurance coverage are twice as likely skip or delay receiving the care they need. This pertains to vision care as well. Vision benefits (available in most areas for additional premium) can be added to most dental insurance plans or purchased individually.

Does Medicare cover dental and vision services?
Dental

Medicare doesn’t cover most dental care, dental procedures, or supplies, like cleanings, fillings, tooth extractions, dentures, dental plates, or other dental devices. Medicare Part A (Hospital Insurance) will pay for certain dental services that you get when you’re in a hospital. Part A can pay for if you need to have emergency or complicated dental procedures, even though the dental care isn’t covered.
Essentially, Medicare wasn’t meant to cover everything. This includes dental insurance and vision coverage. However, just because it isn’t covered, doesn’t mean that you can’t protect your health, and that’s where our additional dental insurance and vision plans come in!

Vision

Medicare doesn’t cover routine eye exams (sometimes called “eye refractions”) for eyeglasses or contact lenses. Medicare Part B (Medical Insurance) covers some preventive and diagnostic eye exams:

  • Yearly eye exam
  • Glaucoma tests
  • Macular degeneration

 

What does dental insurance cover?

The dental insurance plans we offer provide a large variety of services and procedures including but not limited to:

  • Checkups
  • Cleanings
  • Basic X-rays
  • Fillings
  • Bridges
  • Crowns
  • Dentures

 

What does vision insurance cover?

Most vision plans offer similar essential services:

  • Eye exams
  • Lenses and frames
  • Contacts

 

Get dental insurance coverage (including vision benefit) starting at $11 per month!

(Starmount, Cleaning Plus Vision Plan 2.0, 2017)

Recovery Care

According to the US Department of Health & Human Services, at least 7 out of 10 people who reach age 65 will use skilled or custodial care someday. Start investing now, to protect your interests later. We’ve contracted with reputable recovery care providers to give you the best coverage at reasonable prices.

Eligibility Requirements for inpatient Skilled Nursing Facility care under Medicare:

People with Medicare are covered if they meet all of these conditions:

  • You have Part A and have days left in your benefit period.
  • You have a qualifying hospital stay.
  • Your doctor has decided that you need daily skilled care given by, or under the direct supervision of, skilled nursing or therapy staff. If you’re in the SNF for skilled rehabilitation services only, your care is considered daily care even if these therapy services are offered just 5 or 6 days a week, as long as you need and get the therapy services each day they’re offered.
  • You get these skilled services in a SNF that’s certified by Medicare.
  • You need these skilled services for a medical condition that was either:
    • A hospital-related medical condition.
    • A condition that started while you were getting care in the skilled nursing facility for a hospital-related medical condition.

Your costs in Original Medicare (you pay):

 

What if you don’t qualify for coverage under Medicare?
How can you cover the costs of services needed beyond 100 days? 

Short Term Recovery Care and Home Health Care insurance policies are two ways you can plan for the future. We have hand-selected two policies with the goal of providing you peace of mind knowing that you will have some protection against the increased risk of the rising recovery care costs as you age.
 

Short Term Recovery Care
You can’t predict the future, but you can prepare for it. How will you pay for the unexpected accident or illness that requires a short stay in a Nursing or Assisted Living Facility or for Home Health Care, Adult Day Care or Hospice Care?

Recovery Care provides peace of mind for your future, your finances, and most importantly, your independence.
Flexibility to choose how much coverage you want, how long you want the coverage to last, and how many optional benefits, such as survivorship benefits, you want to include.

Home Health Care
According to the CDC, in 2013 over 4.9 million patients received services from home health agencies. Almost 85% of those utilizing services were over the age of 65. People don’t go to nursing facilities because they want to; they go because they have to. Home Health Care insurance gives you the flexibility to utilize the type of care that can be right for you in the comfort of your own home. With the ever-increasing incidence of in-home care as a result of people being discharged from the hospital faster, this policy has become very popular. This coverage is designed to help provide care in your home instead of in a hospital or nursing home.

Life Insurance

Why do individuals purchase life insurance?

Protecting, providing and caring for your family is your number one goal. What if you weren’t there to provide for them, wouldn’t you want to know that they would still be okay? That’s where life insurance comes in. Life insurance protection can provide a financial safety net for your family.

Types of Life Insurance

We offer a variety of different types of life insurance for people of all ages.  We offer competitive term life insurance and a variety of whole life insurance products.
Term Life Insurance

Term life insurance pays a lump sum cash benefit in the event of your death to a beneficiary(s) of your choosing. You choose the length of time (term) for the benefit to be available (typically 10, 20, or 30 years). You choose the benefit amount which remains the same for the duration of the policy. Term life insurance provides protection and peace of mind for:

  • Paying off financial obligations, debts, and loans
  • Higher education for children and grandchildren
  • Securing loved one’s continued well-being and accustomed life-style

 

Whole Life Insurance

Whole life insurance does not expire as long as you continue paying premiums.  Whole life insurance will provide a guaranteed death benefit and builds cash value as long as premiums are paid. The premium is fixed based upon your age when you obtain the policy and those premiums do not increase as you age.  The death benefit amount from a whole life insurance policy is typically income tax-free.  Whole life insurance provides funds for:

  • Cost of settling an estate
  • Reduce funeral costs
  • Reduce probate costs
  • Build cash value using a safe whole life insurance policy

Guaranteed Issue Whole Life Insurance

 

K&B Financial, Inc. specializes in senior life products for those between the age of 50-80 and we offer a guaranteed  issue life insurance policy from one of the most well-known names in the life insurance business. This is a life insurance policy for all individuals age 50-80. You don’t have to answer health questions or endure any medical exams. As long as you are within the age range you are eligible for this valuable benefit!

Annuity

What is an annuity?

An annuity is a investment vehicle used to generate growth and income over a period of time.  Use an annuity to create a guaranteed stream of income for your retirement.  With an annuity you can defer taxes on interest earned until you withdraw money.

Who is an annuity right for?

Anyone at any age can invest in an annuity.  Our clients invest in annuities when they have an existing 401k or IRA to roll over.  They also invest in an annuity when looking for an account which will perform better than a low-interest savings account or CD.  Investments can be made in a lump sum or multiple payments over time.

Important Terms:

Contract Owner – This is the person who purchases the annuity contract and pays the premiums (may also be called the annuitant). There can also be more than one owner on a annuity contract.

Annuitant – The person named in the annuity contract who is scheduled to receive the annuity payments.

Beneficiary – The person who will receive the funds from the annuity in the event that the annuitant/owner dies before the funds are redeemed.

Insurance Carrier – The life insurance company that holds the annuity funds, administrates the contract and is responsible for making payments to the beneficiary.

 

Should I invest in an annuity?

This depends on the individual. Annuities were designed to limit the annuitant’s risk by providing a guaranteed return.  An annuity can provide eliminate the fear of outliving your savings and retirement funds.  They can also provide a quick source of funds for family members in the event of your death.

Not sure if an annuity is right for you? Just ask!

Want more information? Contact K&B.