Our Blog
Healthcare plans and insurance options are constantly changing, which can make it hard to understand what your policy covers. For more information on insurance industry news, tips to keep you covered, and changes to popular plans, follow the Advanced Insurance Concepts blog.
What Are 3 Things You Need to Consider When Buying Life Insurance Coverage?
Buying life insurance coverage can be one of the biggest financial decisions you’ll make. Not only can life insurance benefit your loved ones, it can also benefit you. Here are our top three things you need to consider when buying life insurance: Deciding the length of time, you will need coverage. Will you need it…
What is the Biggest Drawback of Long-Term Care Insurance?
Is there a right answer about whether to purchase long-term care insurance? It definitely has its pros and cons and they are pretty even. Some people choose not to purchase long-term care insurance because it costs too much. While others want to make sure they are taken care of when the time is ready. Long-term…
What Does the Future of Medicare Look Like? Medicare Advantage?
Did you know that Medicare Advantage is the fastest growing Medicare segment? Out of the total Medicare population, Medicare Advantage, also called MA, makes up 42% or 26 million enrollees. One of the main reasons for this growth is the new benefits offered by this plan. MA plans offer additional benefits not covered by Medicare…
How Will Advanced Insurance Concepts Find Your Best Insurance Benefit Solutions?
Did you know that Advanced Insurance Concepts will find the best insurance benefit solutions for you? That’s right! We find the most competitive products to fit your financial and insurance needs. We will first ask you all sorts of questions about what you want in your insurance needs and how you want your financials to…
What is Typically Covered in a Long-Term Care Policy?
The exact type of coverage varies by insurance policy, but long-term care coverage usually covers, home health care, respite care, adult day care centers, assisted living facilities, nursing homes and Alzheimer special care facilities. A few long-term care policies may also cover short-term hospice care. Home health care can be skilled in-home nursing care, such…
What is a Good Rate for a Fixed Annuity?
When determining the best rate for a fixed annuity, one must first determine what your goal for the annuity is. Will it be for income now or when you retire? Or asset protection? Many annuities will fit into all categories, but some excel better in specific areas. Since an annuity is an insurance contract in…
Which is Better Whole Life or Universal Life Insurance?
There are several ways to offer different life insurance policies, almost all fall within three basic categories; term life, whole life and universal life insurance. But what do each of these three life insurance policies do: Term life: covers for a set period of time Whole life: offers guaranteed lifetime protection Universal life: offers a…
What are the Benefits of Final Expense Insurance?
If you have substantial savings, investments and regular life insurance; you may still want final expense insurance. A final settlement can sometimes take months. The money might not be available in time which leaves loved ones in a financial bind paying for funeral and related expenses. You may want to consider final expense insurance to…
What Is Tax Free Life Insurance?
Tax free life insurance is the ability to transfer a policy’s death benefit income tax-free to beneficiaries. No matter how big the death benefit is, the beneficiaries won’t pay a single cent of income tax on the money they get. A perk of a life insurance policy is that the death benefit is typically tax-free.…
Why Might a Young Person Buy Long-Term Care Insurance?
Long-term care insurance refers to services that are not covered by regular health insurance. It can mean things like getting assistance for routine daily activities like dressing, eating, chores, bathing, getting in and out of bed and meal prep. A long-term policy will often cover the costs of care for a chronic medical condition, disability…
