Why You Still Need Life Insurance After Retirement
Posted: August 7, 2021
It may seem like a no-brainer to let your life insurance policy lapse or cash it in after you retire. After all, the main purpose of life insurance is to protect your family against the loss of your income should anything happen to you. Actually, life insurance is good for more than simply replacing your income in the event of your death. After a closer...
Diagnosed With Cancer? Know Your Medicare Options
Posted: August 6, 2021
If you have been diagnosed with cancer, you probably know that treatment costs are high. This is why it is important to carefully consider your options under Medicare. Original Medicare Medicare coverage is divided into parts. Part A covers inpatient care (hospitalization). Part B covers outpatient care, such as doctor visits and lab work. Part D is purchased separately and covers the costs of prescription...
How Much Life Insurance Do I Need?
Posted: July 22, 2021
Calculating how much life insurance involves evaluating your financial circumstances, which vary widely from family to family. In essence, you want a policy that will cover income loss due to death, provide your family with the capacity to pay off all bills, and provide your family with the financial support your dependents need. A basic calculation is to purchase a policy that pays out ten...
Medicare & COVID-19 Vaccines – What You Need to Know
Posted: July 21, 2021
Medicare covers the cost of being vaccinated against COVID-19 for all FDA-authorized vaccines. You will not owe a copay or deductible, and you cannot be charged for being vaccinated against this deadly virus. If you have not yet been vaccinated, or you were charged to get the injections, your provider may have delivered other services or may have made an error by charging you for...
What is a Life Insurance Ladder Strategy?
Posted: July 7, 2021
If you have family members you love, it is imperative that you protect them by putting a life insurance policy in place. A "ladder" strategy is a technique in which you purchase several term life insurance policies with a range of term periods rather than buying a single policy. Calculating the Financial Needs of Your Loved Ones The process starts with calculating your family's projected...