Medicare Supplement Medicare Supplements, also known as Medigap policies, are offered through private insurance companies. They help cover hospital and medical costs that original Medicare doesn't cover, including copays, coinsurance and deductibles.
Insured individuals pay monthly premiums directly to the insurance company and may choose any doctor or hospital that accepts Medicare. |
Medicare Advantage Medicare Advantage plans, also known as Part C, are offered by private companies approved by Medicare. These plans cover all the same benefits as original Medicare plus more! They pay a fixed fee for your client's care at doctors and hospitals within the plan's network. Prescription drug coverage is often included in these plans and many offer additional benefits such as Dental, Vision, Hearing, gym memberships and even over-the-counter benefit cards.
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Prescription Drug Plans Prescription Drug Plans also known as Medicare Part D is a voluntary prescription drug benefit for people with Medicare. Part D plans are provided through private insurance companies approved by the federal government. Many Medicare Advantage plans include Part D within their coverage.
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Annuities Traditional retirement strategies may not be enough with life expectancies increasing. With annuities, your client decides when to begin receiving income. Annuities can help provide stability for your client's portfolio and make their portfolio more tax-efficient.
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Final Expense& Whole Life Final Expense products offer your clients peace of mind. Covering funeral expenses or providing emergency cash when a family member is critically ill eases their financial burdens.
Whole Life insurance is a type of policy that stays in effect as long as your client pays the premium and these premiums are fixed. They can be a bit more complex as they build cash value over time, and the longer your client has the policy, the more cash it builds. Additionally, they have a guaranteed death benefit that remains the same throughout the life of the policy. |
Term & Universal Life Term Life insurance expires after a set number of years, making it a good choice for clients who expect to build wealth over time and won’t need the financial benefits life insurance provides later in life.
Simplified Issue Term Insurance is life insurance that requires very few medical questions on the application. It's a policy that is in effect for a specified amount of time, unlike whole life. Universal Life provides long-term coverage for a lower premium and provides cash value on a tax-deferred basis. Premium payments can be adjusted and these products have flexible death benefits. |
Long-term Care Long-term Care is insurance that helps with medical and non-medical needs for those with a chronic illness or disability. It provides coverage in the event that your client may someday not be able to take care of themselves.
Hybrid Life/Long-term Care insurance products replace traditional Long-term Care products. Essentially a Long-term Care rider is attached to a Life insurance policy or Annuity product. Unlike traditional Long-term Care insurance, your client's policy costs are set at time of issue and will never increase. If your client does not need Long-term Care, their policy provides an income tax-free death benefit or can provide cash accumulation.
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Home Care Home Care is an excellent solution that gives your clients flexibility to access care in the comfort of their own home, without entering a nursing home or skilled nursing facility.
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Recovery Care Short-term Recovery Care insurance gives your clients peace of mind in the event of an un-expected illness or accident.
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Critical Illness Critical illness insurance is medical insurance that pays a lump sum benefit upon diagnosis of a critical illness (cancer, heart attach, stroke) or condition.
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Dental, Vision & Hearing Original Medicare Parts A and B do not cover dental, vision or hearing. Medicare Supplement insurance also does not cover these items, therefore, making Dental, Vision & Hearing insurance a necessity for most clients.
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Disability Insurance Disability insurance insures the beneficiary's earned income will be provided should they become disabled.
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