PPOA members regularly ask us what types of services we provide, so I’m dedicating this month’s column to that discussion.
The average PPOA member has a property and casualty insurance agent, a life insurance agent and a separate financial advisor. While these three services are necessary, they are likely provided by completely separate providers. None of them talk to each other about what the other party is doing, so the client typically doesn’t get the most
efficient services and products without taking the time to coordinate with all three providers.
The Professional Peace Officers Insurance Agency (PPOIA) can handle all three of these services and coordinate them so you can maximize the programs that you need, and not worry about someone trying to sell you insurance that you don’t need.
As you may be aware, PPOIA offers supplemental insurance plans. This includes short-term disability insurance, cancer insurance, accident insurance and term life insurance with a death benefit of up to $150K. These policies are guaranteed issue, meaning that you can purchase these payroll-deducted insurance policies regardless of your health condition.
If you are healthy, and don’t mind doing a blood or urine test, PPOIA offers a very low-cost term insurance that is guaranteed to stay in force for 10 to 30 years, depending on the plan you decide to purchase. Our agents also offer burial policies at a low cost (of up to $50K), and with no physical necessary in some cases.
The bottom line is this: We are here to help you determine the type and amount of insurance that your family needs. PPOIA agents can also help your spouse, who is not a Los Angeles County employee, purchase disability income, accident insurance, critical-illness insurance, as well as various types of long-term care insurance. The long-term care insurance programs that we offer through our agency is a life insurance that allows you to use a percentage of the death benefit to pay for long-term care needs. We have another program that allows you to use funds you may currently have in a stock brokerage account or a bank savings account, and use it for your long-term care needs.
PPOIA also offers very good property and casualty insurance plans. We have homeowners and renters insurance. Renters insurance is something many people don’t think about until it is too late. For those of you who have suffered loss, you will see the benefits of a good insurance policy, and how it can make an enormous change in your life at the precise time that your situation may seem hopeless. If you purchase your homeowners and car insurance from the same carrier, the premium savings may be enough for you to cover the cost of an umbrella policy.
Our financial advisors are licensed to help you rollover the funds in your deferred compensation plan sponsored by L.A. County. Many of you have a few IRA accounts at different banks or investment companies; we can help you consolidate these funds into one account that you can easily manage. You can invest in FDIC-insured CDs that are paying higher interest rates than you can find in almost any local bank.
As you can see, there are many benefits to calling PPOIA for an insurance review. As each year rolls by, you may want to modify the insurance programs that you have. It doesn’t cost you anything to have the comfort of knowing you have the proper type of insurance for you and your family. Don’t wait until you suffer a loss to find out that you didn’t purchase the right insurance coverage.
PPOIA agents are not here to try to sell you something that you don’t need. We are here to make sure that you have the best policy available, at the lowest premium available.
Call PPOIA at (909) 599-8627 for a no-obligation meeting or a phone conference, and we’ll help you gain financial peace of mind.
by Edie Holmes
PPOA Insurance Agency Manager