Insurance Services and Products
Life Insurance
If you passed away today, would your family be financially stable?
The inevitable truth to life is death. Losing a loved one, especially in untimely circumstances, leaves an emotional void and often financial issues.
Life insurance gives you the peace of mind that your income will be replaced in the event of your death, giving your loved ones the time needed to grieve and cope with their loss.
Life insurance provides cash to your family after you die and ensures your family is not burdened with debt. It can pay for final expenses such as the funeral, probate fees, unpaid bills, or any other wishes you have. In addition, beneficiaries generally will not have to pay federal income taxes on the money they receive from a life insurance policy.
It is recommended to have at least ten years' worth of your income in Life Insurance coverage; this will ensure that your family has enough money after a tragic loss to get out of debt, grieve, and make large purchases that secure their future such as furthering your spouse's or children's education and major home repairs.
Medicare Products
Medicare Supplements*
This coverage is preferred by many because it allows you to visit any doctor or hospital accepting Medicare. In addition, it has the most comprehensive coverage for the lowest premium.
Medicare Prescription Drug Plans*
This coverage covers brand name and generic prescription drugs at participating pharmacies. It protects people who have high drug costs. Every year, Medicare approves and tailors a new set of plans for your medications.
Medicare Advantage Plans*
These plans are an alternative to a Medicare supplement. If you join, you get all your Medicare-covered healthcare through the plan. These plans provide specific services for twelve months, from January 1 through December 31.
Humana Medicare - Cigna Medicare - Wellcare Medicare
*We do not offer every plan available in your area. Any information we provide is limited to those plans we offer in your area. Please contact Medicare.gov or 1-800-Medicare to get information on all your options.
Annuities
Most people dream about having a secure and comfortable retirement. And now, because we’re living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents. However, when you plan your finances, achieving the dream of a secure, comfortable retirement is much easier. An Annuity can provide a flexible long-term solution that offers several choices to fit your ultimate retirement planning goals. In addition, annuities offer Features, Benefits, and Advantages other options cannot provide.
Why Consider an Annuity?
- Safe and Secure Principal Protection – Guaranteed by Highly Rated Insurance Companies and regulated by the State Department of Insurance.
- Tax Deferred Growth – Until withdrawn
- Guaranteed Growth – Fixed Annuities
- Stock Market Linked Growth – Fixed Indexed Annuities
- No Loss of Principal or Gains with market downturns – Fixed Indexed Annuities
- Income You Cannot Outlive – Guaranteed in the Contract (Personal Pension)
- Full Transfer upon Death – To the Named Beneficiary
Retirement planning causes a significant shift in the financial priorities of most people from Wealth Accumulation to Wealth Preservation. Annuities preserve principal, can guarantee income, and also have guaranteed growth.
There are many types of Annuities, and one size does not fit all. Therefore, a person should consult a professional before making an important decision such as purchasing an Annuity.
Annuities are contracts between you and an insurance company and must be held until the end of the surrender period.
This material has been prepared for informational purposes only. It is not intended to provide and should not be relied upon for accounting, legal, tax, or investment advice.
Long-Term Care Insurance
Long-term care is provided for people by people. It includes assistance with your “activities of daily living” due to a physical disability such as a chronic or disabling illness, an accident, a cognitive impairment such as Dementia including Alzheimer’s, or simply the passage of time.
Long-term care insurance allows people to pay a known and affordable premium that offsets the risk of much larger out-of-pocket expenses.
Most people who need long-term care remain in their homes or other non-nursing home settings. However, it is not just for senior citizens; 40% of people receiving long-term care are under age 65.
Facts about Long-Term Care:
- Medical insurance and Medicare will not pay for long-term care.
- Every 71 seconds, someone develops Alzheimer's Disease.
- 65% of people with Alzheimer's live at home.
- Family members provide 80% of all informal care.
- Many people mistakenly believe they are covered for long-term care by their health or long-term disability insurance (not long-term care insurance).
- Medicaid will only pay for long-term care for those who can no longer pay for themselves.
- Long-term care insurance is not too expensive. It allows people to pay a known and affordable premium to offset the risk of much larger expenses.
- If you have not planned for long-term care, then your plan is to spend all that you have worked for (including home, land, CDs, and IRAs) until you qualify for Medicaid. Medicaid looks back for asset transfers to see if you are poor or just trying to look poor.
- 50% of nursing home costs are paid by Medicaid immediately for poor people or after for those who "spend down" assets to become eligible.
- 33% of nursing home costs are paid out of pocket by individuals and their families.
- Medicare pays 12% of nursing home costs for short-term rehabilitation after a hospital stay.
Long-Term Care Plan:
Be Rich, Be Poor, or Be Insured!
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