A breast cancer diagnosis is bad enough. Emotionally it doesn’t get much worse, but financially it can and most often does. Most women today know of someone who has been stricken with breast cancer. Breast cancer awareness is at an all time high. Additionally, several high profile women who have had breast cancer are bringing
An indexed annuity is simply a fixed annuity that credits INTEREST in a very unique way. It pays interest based on the performance of a stock market index, usually the Standard & Poor’s 500. Indexed annuities are not at all like mutual funds which actually purchase stocks on your behalf and subject your principal value to market
Life insurance is one of those topics like religion and politics we are conditioned NOT to talk about. However, that being said life insurance is a necessary and invaluable tool in your financial portfolio, if used correctly. Regardless of what your financial planner/advisor tells you there are only two reasons for life insurance and they
No one likes to pay health insurance premiums! However, if you are going to spend the money to be covered, you have to make sure that you have the correct coverage. You’ll want to hear the story of April Capil. She was diagnosed with breast cancer in November 2008, and you can learn what has
Youth sports are one thing. Parents know the risks and have to sign waivers. However most parents don’t know that bicycles and skateboards are responsible for more children’s injuries than all organized sports combined. When most of us parents were children we seemed to instinctively know that bicycles were meant to stay on the earth.
In one of my previous messages I explained to you what indexed annuities are. Hopefully you learned how valuable they can be for your retirement savings because now you can benefit from the upside prospects of the stock market without the inherent market risk of mutual funds. In this I will dispel any misunderstandings of
Like Health Savings Accounts for health insurance, indexed annuities are the least understood GREAT product for retirement savings dollars. Unfortunately, like health savings accounts, most financial services professionals that recommend indexed annuities, DO NOT explain them adequately to their clients. An indexed annuity is simply a fixed annuity that credits INTEREST in a very unique
In this message I would like to highlight some of the many advantages annuities have over bank CDs. First both offer safety of principal in fact they both GUARANTEE your principal. CDs do it via a small reserve requirement of less than 6% and the balance of the guarantee covered by an insurance policy purchased
One of the most popular financial tools for retirement savings accounts is the indexed annuity. Like Health Savings Accounts for health insurance, indexed annuities are the least understood GREAT product for retirement savings dollars. Unfortunately, like health savings accounts, most financial services professionals that recommend indexed annuities, DO NOT explain them adequately to their clients.
In this post I will explain the surrender fees associated with annuities, how they are calculated and under what circumstances they will be waived. First, what is a surrender fee? It’s a charge the insurance company will subtract from your account should you cancel your policy or withdraw MORE than the annual allowed limit before
In one of my previous posts I explained the two types of fixed annuities and how each one is used in your retirement savings strategy. In this message I’ll explain the various payout options you have when choosing to receive income from your annuity. The amount you’ll receive is determined by the amount of your
Unfortunately, most people covered by health insurance have a false sense of security, especially if they are covered by an employer sponsored health plan. Almost 7 out of every 10 bankruptcies filed each year are due to catastrophic medical expenses, and most of those individuals had health insurance coverage. If you or your spouse is
There are two types of fixed annuities, immediate and deferred. An immediate annuity is exactly what the name implies, a contract with the insurance company to begin receiving income IMMEDIATELY. You have several income options with an immediate annuity. You can have income paid for a specific period of time OR you can choose to
If you’re interested in learning about ways to lower your health insurance premiums, you may be interested in hearing about a new type of insurance plan that is becoming more popular these days: Health Savings Accounts, or HSAs in California and other states. These are modified PPO plans that provide comprehensive coverage but with a
The question always comes up when discussing a family’s life insurance needs, “whole life or term”? For the 95% of families that need to secure “income replacement” life insurance coverage the answer is unequivocally TERM coverage. These families don’t need the cash accumulation and low face value permanent insurance, they need as much death benefit
Life insurance is one of those topics like religion and politics we are conditioned NOT to talk about. However, that being said life insurance is a necessary and invaluable tool in your financial portfolio, if used correctly. Regardless of what your financial planner/advisor tells you there are only two reasons for life insurance and they
Choosing the right health insurance plan is one of the most important decisions you will make in your lifetime. For two critical reasons, first your choice of plan will determine the healthcare treatment you or a family member will have access to should they need medical attention AND secondly your choice can protect your family’s
Choosing the right life insurance plan is one of the most important decisions you will make in your lifetime. For two reasons, first proper life insurance coverage can guarantee that your loved ones will not have to suffer financially should the unspeakable occur and there’s a premature death of one of the parents. Secondly, life
One of the easiest ways to immediately lower your health insurance premiums is to adjust the deductible on your plan. The deductible on a plan is the amount you are responsible for BEFORE the health insurance company starts paying. The general rule of thumb is the higher the deductible on the plan the lower the
After years of recommending annuities to clients, I am still amazed at how misunderstood the product is. It’s evident to all of us in the financial services industry that banks have done a terrific job of marketing CDs and insurance companies have done a terrible job at marketing and educating the general public about annuities.
We are Not Affiliated with or endorsed by the government or the federal Medicare program. We do not offer every plan available in your area. Currently we represent 15 Insurance carriers in 30 states with over 1000 + National plans. Please contact Medicare.gov, 1-800-Medicare or your local State Health Insurance Program to get information on all your options.
