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Insurance Agency in Lancaster County, PA

Located in Ephrata, PA, our insurance agents serve customers in Lancaster, Lebanon, and Berks Counties in Pennsylvania.

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Personal & Business Insurance

The list of Insurance products available is expansive and exhausting. We have professionals on board who know and understand the flexibility of these products and how to incorporate them into your financial plan. All that is required is a simple application and potentially a medical underwriting process (depending on medical history and type of product).

Personal Insurance

  • Individual Health Insurance
  • Individual Life Insurance (ex. term, whole, universal, variable)
  • Individual Long-Term Care Insurance

Group / Business Insurance

  • Group Health Insurance
  • Group Life Insurance (ex. keyman insurance, buy-sell funding agreement)
  • Group Long-Term Disability Insurance
  • Group Short-Term Disability Insurance

Annuities

Examples:

  • Variable & Fixed Annuities
  • Fixed Indexed Annuities
Life Insurance

Life Insurance

No one desires their loved ones to struggle with financial burdens amid the heartache of a life lost or serious illness.

Life insurance is designed to offer security and peace of mind through uncertain or unexpected times as well as stability and confidence through everyday life circumstances. There are several types of life insurance; the most basic categories are Term and Permanent.

Term Life Insurance

Term life insurance serves the basic function of ensuring that your beneficiaries receive a payment if you die while the policy is in effect.

Permanent Life Insurance

Permanent life insurance is a type of policy that pays a death benefit regardless of when you die as long as you make your payments.

Talk with an Advisor
Annuities

Annuities

Annuities are insurance contracts that provide a fixed income stream for a person’s lifetime or a specified period of time.

The primary benefits of buying an annuity include principal protection, the potential for guaranteed lifetime income and the option to leave money to your beneficiaries. The two basic categories of annuities are Immediate and deferred with several additional options that determine how your investment is paid out.

  • Immediate Annuities — Purchased with lump sum and provides fixed income for life starting one month after purchase.
  • Deferred Annuities — Owner can make a single premium purchase or deposit over time (during working years). In other words, buy now and collect later.
  • Fixed Annuities — Pays at a fixed rate.
  • Variable Annuities — You own investments inside the account.
  • Indexed Annuities — Pays based on the value of an external index.


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Disability and Long-Term Care Planning

Disability and Long-Term Care Planning

Disability insurance (DI) and long term care insurance (LTCI) both help you protect your assets, but they serve different purposes.

These types of policies can often be included as a benefit offered by your employer. However, they can also be applied for individually if you are self-employed, desire additional coverage or your employer doesn’t offer any form of disability coverage.

Disability Insurance 

Disability insurance is sometimes called “disability income insurance” because it is designed to replace a portion of your income if you are unable to work because of a serious illness or injury. Short term policies typically cover terms measured by months while Long-term policies cover terms measured by years.

Long-Term Care Insurance

Long term care insurance pays for a portion or all of the costs of caregiving needed due to physical or cognitive disability. LTCI will reimburse costs for care received at home or at assisted living or skilled nursing facilities.

Group Benefits / Business Planning

Group Benefits / Business Planning

Below are several of many options available to business owners as incentives to offer their employees.

Insurance products can also be used in business plans as a form of succession planning or other purposes.

Disability Buy-Out Insurance

Disability Buy-Out (DBO) insurance funds a buy-sell agreement to buy out a totally disabled business owner. This coverage maximizes the financial return when a business is transferred, while minimizing tax liability.

Business Overhead Expense Insurance 

This type of plan helps business owners protect the operations of their company in the event they become disabled by reimbursing the insured for overhead expenses.

How We Help Small Businesses

Pathway Financial Group is here to help guide you through all your financial decisions.

Talk with one of our experts and start creating the insurance plan that’s right for you

Schedule an Appointment

Health Insurance

Whether you or a spouse’s coverage is ending, employment benefits were canceled, Cobra is ending, you’re retiring, you are new to the area, employment is ending, you were laid off, etc… our insurance advisors have the expertise to guide you through the process of securing new or initial coverage.


Our health insurance advisors have the expertise to guide you through the process

Our health insurance advisors have the expertise to guide you through the process

PPOs 

PPO’s (Preferred Provider Organization) type of insurance plan that offers more extensive coverage for the services of healthcare providers who are part of the plan's network, but still offers some coverage for providers who are not part of the plan's network. PPO plans generally offer more flexibility than HMO plans, but premiums tend to be higher.

HMOs 

An HMO (Health Maintenance Organization) gives you access to certain doctors and hospitals within its network. But unlike PPO plans, care under an HMO plan is covered only if you see a provider within that HMO's network.

Health Insurance Continued...

Indemnity 

Under an Indemnity plan, you may see whatever doctors or specialists you like, with no referrals required. An Indemnity plan may also require that you pay up front for services and then submit a claim to the insurance company for reimbursement.

Individual & Group Medical Plans

Health insurance provided to employees by an employer is called group coverage (or "group health insurance"). Health insurance you buy on your own—not through an employer or association—is called individual coverage.

HSA & Medigap Plans

HSA & Medigap Plans

HSAs 

A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs.

Medigap Plans

Medigap is Medicare Supplement Insurance that helps fill "gaps" in Original Medicare and is sold by private companies. Original Medicare pays for much, but not all, of the cost for covered health care services and supplies.

Talk with an Insurance Agent

How We Help

Pathway can help guide you to the right type of insurance for your particular needs.

After one or two initial discussions, our insurance advisors will review your needs/goals and provide you with options and quotes to fill any gaps in your financial plan.

What does it look like to map out an insurance strategy with Pathway Financial?

What does it look like to map out an insurance strategy with Pathway Financial?

Our team is skilled at making the process as easy as possible.

Because we are an independent firm we have the flexibility to choose from a variety of products not available to all our competitors. An advisor will outline possible plans for your review until we find one you are satisfied with.

Next, our administrative team will walk you through the application process and gather the information necessary to get things rolling. We communicate with you through the entire process until completed. An advisor will meet with you at least once a year to review your plan and make any necessary changes along the way.

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Pathway Financial Group is here to help guide you through all your financial decisions.

Talk with one of our experts and start creating the insurance plan that’s right for you

Schedule an Appointment

Health Insurance

Health insurance can be expensive. Finding affordable health insurance can be a challenge and has become a necessary part of your financial plan. Let us help you discover ALL of your options and choose a plan that will cover your needs. Contact us today!

Click the icon below to register an account or sign in to the HealthCare.gov marketplace.

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<p>The Cost of Medical Care</p>

The Cost of Medical Care

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Visiting our insurance agency in Lancaster County, PA?

Our insurance agency is located in Ephrata, PA between Lancaster, PA and Reading, PA.

We're happy to meet with you virtually, or in-person at a place of your choosing.

Insurance Agency FAQs

What is the benefit of group life insurance?

The benefits of a group life insurance policy are typically the costs of the coverage and the insurability factor. On average, the cost of a group life insurance policy is more affordable than if those same members chose to pursue individual policies. In terms of insurability, with a group life insurance policy, there is no underwriting; meaning employees automatically qualify for coverage through their employer.

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Which is better term or whole life insurance?

Term and whole life insurance are different insurance products that both provide security and peace of mind. Term insurance is like renting a house; you have coverage as long as you pay rent. If/when you decide to move, the coverage ends and you have no equity or in this case, ‘cash value’ to show for the premiums paid.

In contrast, whole life insurance is like owning a house. Whole-life has a cash value factored into the premium so if you decide to ‘move’ (cancel the policy), you still have a cash value built inside the policy. In terms of which product is better, it really depends on what type of insurance the client is looking for.

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At what age should I get life insurance?

There is no consensus in terms of a certain age when someone should obtain life insurance. A general rule of thumb would be if there are others who depend upon your income and/or care, life insurance would then be a wise decision. For example, if you have children or if you are married with a mortgage, then it would be advisable to obtain some level of coverage.

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How much life insurance do I need?

How much life insurance a client needs depends on several factors. What is your annual salary? Do you have a mortgage? If so, how much remains on the principal? Do you have children? At a minimum, it is recommended that the amount of coverage you have is also able to pay off your mortgage as well as provide additional funds to sustain your family through the grieving process.

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What does life insurance cover?

A life insurance policy will pay a death benefit to the designated beneficiary in the event the policy owner passes away. Some policies also offer an accelerated death benefit which allows a policy owner to access a portion of the death benefit if dealing with a terminal illness.

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At what age should you buy long-term care insurance?

This is a challenging question many folks face today. Pursuing long-term care insurance at a younger age lowers premium costs but a strong likelihood exists that coverage will not be exercised for the foreseeable future.

Conversely, waiting too long means facing potentially prohibitive premium costs. What is the answer then? Well, assuming you are in good health and eligible for coverage, a target age range is between 60-65. Why? Because at that point, you’re not too young or too old and premium costs are generally still affordable.

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How many years does long-term care insurance cover?

The length of time that a long-term care insurance policy covers varies by policy but often ranges between 3-6 years.

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