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.
Are Annuities a Good Investment in 2022?
During the pandemic, annuities bottomed out for the most part. Since the beginning of 2022, annuities have begun to trend up. Buyers who are generally retirees or those near retirement age, may find their payouts better than they were in January of 2022. This increase is expected to continue, if the Federal Reserve continues raising…
What is the Cost of Medicare?
It’s easy to get confused when discussing the cost of Medicare. There are many variables to think about like which Medicare Part will be used for coverage. When it comes to Medicare, you typically pay a monthly premium for coverage and part of the costs each time you get a covered service. There’s no yearly…
What Does Long Term Health Care Insurance Cover?
Long term health care insurance helps people pay for a variety of services and typically does not include medical care. Coverage may include the expense of staying in a nursing home or assisted living facility, adult care or event in-home care. This typically includes care provided by nurses for physical, occupational or speech therapies, along…
How Does Fixed Annuity Work?
To understand how a fixed annuity works, you must first understand what a fixed annuity actually is. A fixed annuity is a financial product that guarantees a specific rate of return and provides a steady stream of income during retirement. With a set annuity, the investor knows exactly how much the annuity will grow and…
About to Retire and Want Life Insurance, but is it Too Late?
If you are almost ready to retire, you are most likely qualified for whole life insurance. Most insurance companies will insure people up to age 85 for whole life insurance. Most look at your health and financial situation instead of looking at your age. Did you know you can qualify for life insurance when you…
What is the Difference Between Medicare Advantage Plan and Medicare Supplement Plan?
Medicare Advantage and Medicare Supplement are different types of Medicare coverage plans. Medicare Advantage combines Part A and B typically with Part D and other types of coverage. Medicare Supplement is additional coverage you can buy if you have Original Medicare Part A and B. You cannot have both at the same time. Original Medicare,…
Retirement – At What Age Can I Retire?
Full retirement age is 65. This is a question we get asked a lot, at what age can I retire? And if you mean retire and receive social security, the answer is 62. And you have to be 62 for the entire month. However, you will not receive full benefits; this is typically 75% of…
(Life Insurance) Financial Steps to Take When a Loved One Dies
The death of a loved one can be a difficult time in one’s life but dealing with the life insurance company should be easy. Dealing with the weight of grief, one shouldn’t have to deal with the weight of financial burdens too. Death benefits from a life insurance policy can help ease some of the…
Do I Automatically Get Medicare When I Turn 65?
Soon you will turn 65 and now you want to know if you automatically get Medicare. Whether or not you have to register for Medicare on your own depends on whether you currently get federal retirement benefits like social security or railroad retirement benefits. If you are already receiving federal retirement benefits, for at least…
Four Ways to a Claim Life Insurance Payout
When you pass away, life insurance payouts are sent to the beneficiaries listed on the policy. All beneficiaries have to do is file a claim to collect the death benefits. Claims are typically processed right away, as long as the claim form and death certificate are completed. Beneficiaries choose how to receive the death benefit,…
