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Do I really need life insurance?
You only need life insurance if others, such as your spouse, parents or children, are financially dependent on you. Weigh this issue carefully. If you have children and your death would adversely affect their financial well-being, you probably need life insurance. If you're married but don't have children or think your parents might depend on you for financial support in the future, you may want this coverage. Generally speaking, the more people who depend on you financially, the more you need life insurance.
How much life insurance do I need?
Your agent can help you examine your needs. To get started, think about how much you'd need to pay off your outstanding debts, such as a mortgage or other loans.
How many employees do I need to be eligible for a group medical plan?
Two.
Can I purchase an individual dental plan?
No; you need to be part of a group of at least two employees.
What is a primary care physician (PCP)?
When you enroll in an HMO plan, you select a primary care physician. All covered services must be provided, arranged, or authorized by your primary care physician.
What is COBRA?
When your employment terminates, you have the option to continue your existing medical coverage if your employer has 20 or more employees. You will be responsible for 100% of the premium.
Turner Barker Insurance is a subsidiary of Gorham Savings Bank. Insurance products are offered through Turner Barker Insurance. Product offerings and insurance sold are not deposit obligations of, nor guaranteed by the Bank and are not covered by Federal Deposit Insurance.
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