Services
Term Life Insurance
A term life insurance policy is the simplest, purest form of life insurance : You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary).
Term life is typically less expensive than a permanent whole life policy – but unlike permanent life insurance, term policies have no cash value, no payout after the term expires, and no value other than a death benefit. To keep things simple, most term policies are “level premium” – your monthly premium stays the same for the entire term of the policy.
Dental & Vision Plans
Medicare Advantage (Medicare Part C) plans provide the same basic benefits that are covered by Original Medicare. Many Medicare Advantage plans also include coverage for other benefits that Original Medicare does not.
Many Medicare Advantage plans offer coverage for things such as:
- Routine dental care
- Routine vision care
- Prescription drugs
- Certain health and fitness program memberships
Medicare Advantage plans in your area may offer one or more of the benefits listed above or none of them at all. Be sure to compare local plan options to find out exactly what benefits are offered, including any additional costs, coinsurance, usage restrictions and other important details.
Fixed Annuity's
A fixed annuity is a type of insurance contract that promises to pay the buyer a specific, guaranteed interest rate on their contributions to the account. By contrast, a variable annuity pays interest that can fluctuate based on the performance of an investment portfolio chosen by the account's owner. Fixed annuities are often used in retirement planning.
How a Fixed Annuity Works
Investors can buy a fixed annuity with either a lump sum of money or a series of payments over time. The insurance company, in turn, guarantees that the account will earn a certain rate of interest. This period is known as the accumulation phase.
When the annuity owner, or annuitant, elects to begin receiving regular income from the annuity, the insurance company calculates those payments based on the amount of money in the account, the owner's age, how long the payments are to continue, and other factors. This begins the payout phase. The payout phase may continue for a specified number of years or for the rest of the owner's life.
During the accumulation phase, the account grows tax-deferred. Then the account holder annuitizes the contract, distributions are taxed based on an exclusion ratio. This is the ratio of the account holder's premium payments to the to the amount accumulated in the account that is based on gains from the interest earned during the accumulation phase. The premiums paid are excluded and the portion attributable to gains is taxed. This is often expressed as a percentage.
This situation applies to non-qualified annuities, which are those not held in a qualified retirement plan. In the case of a qualified annuity, the entire payment would be subject to taxes.
FAQ
Maybe you're already receiving Social Security or RR Retirement benefits at least four months before your 65th birthday. You will get your Medicare ID card in the mail automatically for Part A & Part B coverage.
For those who don't fit this description, contact us for helpful sign-up links.
When you turn 65, you'll receive a 7-month window from Medicare to enroll. This is your initial eligibility period three months before your 65th birthday, the month of, and three months after. You'll be offered any plan in your area without answering medical questions or health concerns. You have the right to remain in your Employer Group plan without the worry of any penalties as long as the Group Plan is credible, and most are. We're here to help compare your benefits so you can make the best choice for your unique situation.
Timelines are essential to follow so you don't incur Late Enrollment Penalties (LEP). We'll help you avoid these penalties, which is important because you'll need to pay it for the rest of your enrollment period or life once you're assessed.
Regardless of whether you're automatically enrolled or sign up, coverage begins the month of your 65th birthday. And if your special day falls on the first day of the month, your protection will start on the first day of the previous month.
- Hospital deductibles
- Long-term care
- Hospital copays and co-insurance
Testimonials
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