Effective Ways to Spring Clean Your Life Insurance
Posted: April 7, 2022
It is smart to “spring clean” your life insurance each year, as the life insurance market changes over time. A new insurance product could allow you to purchase higher levels of coverage at a lower cost. With the help of a qualified insurance agent, you may discover you have been overpaying. A life insurance policy is an ideal way to protect your loved ones from...
Medicare Advantage vs. Medicare Supplemental Insurance
Posted: April 6, 2022
If you are eligible for Medicare, it is time to decide what plan to choose – which can be surprisingly difficult. To better understand the difference between a Medicare Advantage Plan and Medicare Supplemental Insurance, you need to know what each plan does (and does not) offer. Medicare Advantage Plans Medicare Advantage Plans combine Medicare Part A (hospital coverage) and Medicare Part B (medical coverage)...
5 Pitfalls to Avoid When Choosing Disability Insurance
Posted: March 25, 2022
Disability insurance serves a critical role in your health and welfare should you become very ill, incapacitated, and need special care in the future. However, when choosing a disability insurance policy, you must be careful to avoid four pitfalls: 1. Benefits could cancel each other. Group insurance policies, such as those provided by an employer, may subtract your benefits from a group disability policy, including...
How to Use a Fixed Annuity for Retirement Income
Posted: March 22, 2022
A fixed annuity works to create income stability during retirement. These insurance contracts are designed to pay the owner a guaranteed interest rate, rather than being subject to changes in the market and interest rates. These insurance policies are purchased with a lump sum, or paid for overtime, with a guarantee from the insurance company that the account will earn an unvarying interest rate. The...
Can I Switch to a Different Medigap Policy?
Posted: March 21, 2022
If you have Medigap insurance (Medicare Supplemental Insurance), you may be considering switching or canceling your policy. Under certain circumstances, you have the right to switch to another policy. If you are within the six-month open enrollment period, you can switch policies, or you could be eligible due to a specific circumstance. Some of the reasons people consider switching Medigap policies include: You would like...