General
What IS The Best Age To Buy Term Life Insurance?
Purchasing term life insurance is a time in your life where you become more financially responsible. But how do you know what is the best age to buy? How old or young should you really be? The answers vary. First , let’s consider….what will your final expenses look like. The average funeral costs around $10,000.…
12 Things to Know When Turning 65
There are many milestones you have in your life. Turn 16, get a driver’s license. Turn 21, purchase alcohol. Turn 26, rent a car. Turn 55, join AARP. Turning 65, you can retire, right? But what do you do then? Here is a list of 12 things each person turning 65 should know. Learn Medicare.…
When is Open Enrollment for Medicare?
Do you know when open enrollment starts for Medicare? Did you know that to get different parts of Medicare, you need to sign up at the right time? By utilizing these enrollment time frames, it can help you avoid paying higher premiums cause by late penalties. To take advantage of open enrollment, you must first…
Can I Have Both Medicare and Medicaid?
This is a question we get quite frequently. Can I have both Medicare and Medicaid. This is called dual eligibility. Both are US government-sponsored insurance programs to help cover healthcare costs. But the simple answer is yes. You can have both. Medicare is handled by the federal government and is typically based on age. Medicaid…
What are the advantages of whole life insurance?
Whole life insurance, one type of permanent life insurance, provides death benefit coverage for the life of the insured. It also carries a savings component that has a cash value when it accumulates on a tax-advantaged basis. Are there death benefit coverage advantages to a whole life insurance policy? One of the biggest benefits of…
What is a Fixed Annuity and How does it Work?
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. With a fixed annuity, the insurance company guarantees both the rate of return and the payout to the investor. For example, if you purchased a fixed annuity at $175,000…
Why consider Tax-Free Life Insurance as Retirement Income?
As we get older, one of the biggest questions we ask ourselves is “Will I have enough money to live on when I retire?” One of the biggest factors in answering this question is generating retirement income that is tax-free. Where will this income come from? Will it come from an IRA? Will it come…
Is Medicare and Medicaid the Same Thing?
This is a question we get most frequently from our clients. And it’s no wonder when the words sound very similar. Is Medicare and Medicaid the same thing? Both are US government-sponsored insurance programs to help cover healthcare costs. But the simple answer is no, they are not the same thing. In fact, they are…
2021 Costs for Medicare
Medicare costs change every year, and most of the time, you will see cost increases. Facing a Medicare health insurance plan with costs that change each year can be overwhelming. However, when you understand the changes in Medicare costs, you can prepare adequately. We will go over the cost of all Medicare parts to give…
What Does It Mean To Be Dual-Eligible?
Americans who have both Medicare and Medicaid are called dual-eligibles. Dual-eligibles are eligible or enrolled in both programs when a Medicare enrollee’s revenue and overall capital base are low enough to make them eligible for Medicare support when covering some Medicare costs or making them eligible for comprehensive coverage under both Medicare and Medicaid. The…
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