Medicare Insurance

As Medicare Insurance Brokers we represent multiple carriers so that we can work to give you an unbiased opinion on your Medicare plan options. We are appointed by many different insurance companies so that we can find the right fit for you rather than having a one size fits all mindset.

  1. As you weigh all of this with what is best for you, given your budget and your individual healthcare needs, it can be extremely helpful to consult with a licensed Medicare insurance agent. Our agents have specialized expertise and knowledge and can guide you to a plan that will exactly meet your needs.
  2. It doesn’t cost you anything to get the help you need from a well-informed, experienced and licensed independent agent, even if you don’t decide to purchase the policy.
  3. Time is a valuable asset in any person’s life. Whether you are retired or not, your agent is saving you time from the hassle and footwork of visiting and researching many different insurance companies and their plans. This is the work we do every day and it’s one of the greatest advantages of working with an independent agent.
  4. Whether you have Medicare and or Maine Care our local agents are ready to work with you and find the right fit. Do not be fooled by all the TV advertisement regarding extra benefits, choose to work with a local agent who has you at the forefront.

 

Life Insurance

If Anyone Depends on You for Financial Support, You Need Life Insurance

  1. At the very least, a life insurance policy should cover the costs of your final expenses. This includes the cost of a burial or cremation, a funeral and outstanding debts. If you have a spouse or dependents who count on your income, your policy should also provide money to cover the lost income, mortgage balance and education plans. The last thing they need to worry about is how they are going to pay the bills.
  2. There Are Two Different Types of Life Insurance Policies: Term and Permanent Understanding the differences between life insurance policies helps you choose the policy that best meets your needs. Life insurance in the U.S. is classified as either a term or permanent policy.
  3. A term policy lasts for a set period of time, such as 10 or 20 years. If the insured individual dies while the policy is in effect, the beneficiary receives a payment from the insurance company, or if the Term policy has living benefits you the client may have an option to pull cash out of the policy for whatever it is you need at that time.
  4. Permanent insurance — also called whole life, variable life, universal life or Indexed universal life — combines a death benefit with some form of cash savings. Part of the premium covers the cost of the insurance. The cash value part of the policy gets set aside and earns interest over time. This offers some benefits to policyholders while they are still living. They may be able to borrow money against the policy or use it to pay for future premiums, medical assistance, take a trip, do what it is you and your family needs at that time.

Annuity Insurance

Understanding Annuities

  1. The goal of an annuity is to provide a steady stream of income, typically during retirement. Funds accrue on a tax-deferred basis an—like 401(k) contributions—can only be withdrawn without penalty after age 59½.
  2. Many aspects of an annuity can be tailored to the specific needs of the buyer. In addition to choosing between a lump-sum payment or a series of payments to the insurer, you can choose when you want to annuitize your contributions—that is, start receiving payments. An annuity that begins paying out immediately is referred to as an immediate annuity, while one that starts at a predetermined date in the future is called a deferred annuity.
  3. The duration of the disbursements can also vary. You can choose to receive payments for a specific period of time, such as 25 years, or for the rest of your life. Of course, securing a lifetime of payments can lower the amount of each check, but it helps ensure that you don’t outlive your assets, which is one of the main selling points of annuities.
  4. Tax Benefits of Annuities – Annuities offer several tax benefits. In general, during the accumulation phase of an annuity contract, your earnings grow tax deferred. You pay taxes only when you start taking withdrawals from the annuity. Withdrawals are taxed at the same tax rate as your ordinary income.