• A guaranteed level premium: The amount that you pay for your policy is guaranteed never to change, so you know how much and how long you’ll pay to provide protection for those you care about.
• A guaranteed death benefit: The amount paid to your beneficiaries when you die is guaranteed never to decrease.
• A guaranteed cash value: The savings component within your policy that you may be able to access while you’re still alive, is guaranteed to grow.
Your life insurance policy can build guaranteed, tax-deferred cash value over time to help you be ready for life’s challenges and opportunities. Unlike some financial products that limit when you can access your money or try to tell you how you can spend it; a life policy gives you more flexibility. It provides multiple ways to access funds within your policy, when you want and for what you want.
BCBS is a traditional policy: Deductible, Copay, Out-of-pocket max.
Puresurance offers a high-end defined benefit plan. In other words, it pays a
specific benefit for services rendered. Any excess benefit is reimbursed to
you, any shortfall might be due to your provider. The only exception is the
catastrophic components of our plan, which function similar to a BCBS,
UHC, Cigna, or Aetna plan. Our benefits are in line with the average costs of
provider contracted (or insurance discounted) rates.
First of all, there’s no such thing as a $1,000,000 claim – it’s a collusive tactic between hospitals and insurance companies to scare you into believing you need major medical coverage. The odds of a $500,000 claim are close to 1 in 87,000. One of the most expensive procedures, a heart transplant, has a fair price in Dallas (per Healthcare Bluebook) of $145,699 and a range of $116,561- $364,248 (including hospital stay). The catastrophic component of Puresurance’s policy, coupled with the base medical plan (they work in concert and both pay benefits) ensures that you and your assets are well-protected, should the worst occur.
Puresurance’s policies are medically underwritten, in contrast to Major Medical Plans, which are Guaranteed Issue. Medical underwriting ensures that all prospective insureds are relatively healthy and free from serious chronic health issues such as Cancer, Diabetes, and Heart Disease. The result is, you’re in a pool with other healthy people and not subsidizing the costs of those with chronic issues like you are on a Major Medical Plan. The result is lower premiums and annual increases of about 1.5% instead of the egregious annual increases plaguing ACA/Obamacare Plans. That said, should you contract any of the diseases mentioned above (or others), you’d be well-protected on a Puresurance Policy, guaranteed renewable to age 65.
As previously mentioned, one of the reasons that Puresurance’s policies are so affordable is that they’re medically underwritten, so any proposed insured would need to be relatively healthy to qualify. Also, only medically necessary procedures are covered – that is, we would not pay benefits for a normal, healthy pregnancy, but we would, should an emergency C-Section need to be done. Additionally, Puresurance does not pay for medical equipment (eg CPAP machines, diabetes pumps, etc.). And lastly, our prescription benefits on our top-level plan is $30/generic, $60/brand name, so if insulin, Humira, or any other expensive medication is needed, we might not be a good option (unless the medication can be gotten directly from the manufacturer at a steep discount).