A specialist family-run finance, tax, and accounting firm based in Tyler, TX has launched a new report designed to help customers understand the differences between mortality and longevity risk in their health and life insurance policies. ESA Financial Tax & Insurance Services explains helping business owners at all stages of their business journey is their primary goal.
More details can be viewed at http://esafinancialtax.com
The newly launched report explains longevity risk refers to the estimated life expectancy of a life or health insurance policy holder. An element of risk exists because of the global trend of people living far longer than expected or during previous years.
Insurance, pensions, and annuities providers are making greater payouts than at any other time, particularly as some plans include a lifetime guarantee of benefits for policyholders. The team at ESA Financial Tax & Insurance Services explain they help customers find the health or life insurance that best meets their needs and budget.
For instance, they offer access to health insurance through the Affordable Care Act for eligible customers with low or no premium depending on the family income. In addition, the team offer life insurance, which gives their customers peace of mind as they know their loved ones are financially protected whatever happens to them in the future.
Mortality risk focuses on the possibility that a person will die over the coming year explain the team. They add that the current levels of mortality due to the pandemic may affect mortality risk being offered by insurers as they are influenced by global statistics.
Additionally, other mortality risk factors are considered when creating a tailored insurance plan such as genetics, social status, smoking habits, and general health.
A company spokesperson said: “At ESA we work as a team to achieve our mission, which is to help all businesses run better so that the wealth of our clients gets maximized and their business becomes financially secure. We use a results-oriented approach to ensure we provide amazing results for our clients that benefit them significantly.”
To find out more, interested parties are invited to visit the link provided.
Release ID: 88986322