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Saturday, August 29 2015

Medicare Supplement Insurance. A complete coverage for individuals ages 65 and over from World Wealth Insurance Services. We help cover health care cost that traditional Medicare does not. Allow our licensed health insurance agents find the right coverage for your.

Medigap Plan Choice
Although Medigap policies are standardized, it's still very important to compare plan because rates can vary and have quite a bit different from one insurance company to another.

While it's understandable the cost may be a major factor to you, it's just as important to consider what your current health care needs and expenses to date, as well as what they may be in the future. A Medigap policy can pay all or part of the expenses.

The Benefits of Owning a Medicare Supplement Insurance Policy
With all the choices you have available for your health care coverage, it's important to understand how each one work, its benefits and your share of the costs. Here's a few look at how Medicare supplement insurance differs from other plan, including Medicare Advantage Plans:

  • Keep your primary doctors and hospitals who accept Medicare
  • Low Out-of-Pocket Costs
  • Coverage is guaranteed Renewable

Medicare Supplement Insurance Costs
Medigap policies requires monthly premium in addition from the Original Medicare (Parts A and B). Usually, Part A does not have a premium unless you're subject to a late-enrollment fee.

First and foremost, it is prudent to note that the best time to enrol in a Medicare Supplement insurance plan is during your open enrollment period (see Scheduled Eligibility page for more details). Your open enrollment period begins when you are 65 or over and enrolled in Medicare Part B. For the six months after time when those two criteria are both initially met, companies cannot use any medical underwriting to deny you a coverage increase your premium.

If you happen to miss the open enrollment period, then there are a number of factors that can contribute to your supplement insurance price: plan choice, pricing structure, and state.

Medicare Supplement Insurance 101
Original Medicare covers many health care services and supplies, but there are many costs that it does not cover. A medigap policy is a health insurance sold by private insurance companies to fill gaps in Original Medicare coverage. Having a medigap insurance is essential to bring you peace of mind and be able to concentrate on getting better and take the worries of medical bill, out of the way.

Posted by: World Wealth Insurance AT 02:56 pm   |  Permalink   |  Email
Thursday, August 27 2015
What will you do, if it happens to you?

Most of us may have to face several financial risks before and during retirement? Earlier in life there are 3 major risks that an individual and families may face, but each risk tends to get smaller over time.

3 Potential risks are:

  1. Income replacement due to the death of a primary breadwinner
  2. The cost of college savings for your children
  3. Paying off the mortgage

As we get older and these risks decline, a few other risks emerge, and they tend to become more daunting over time:

  • The multitude of financial risks. Possibility of living too long, interest rates, stock market, rising tax rates, house repairs, etc.
  • The rising cost of health care
  • The potential reduction of social security income due to the death of a spouse. At the core of your protection, you have life insurance

The three pre-retirement risks can usually be alleviated with a term insurance. Unfortunately, the three post-retirement risks that occur in life often cannot be adequately mitigated with term insurance. Permanent insurance, such as universal life, may be a good fit to protect assets from the above mentioned risks.

Solution for all three risks. No matter whether you are in pre-retirement, transition into retirement, or solidly in your retirement years, one of the three things could happen to you. You'll either:

  1. Die too soon
  2. Get sick along the way
  3. Live too long

In recognition of these three occurrences, we have a solution to address living too long or becoming sick which covers Chronic, Critical and Terminal illness or conditions. This combination of riders on this life insurance policy helps to provide the financial safety net to help get through all three scenarios. Our goal is to bring each and everyone peace of mind during these time and to ensure that living too long is the best way to go, without the financial worries.

How can you protect yourself against risk in the pre and post retirement?

At the core of your asset protection, you have life insurance. The life insurance policy that provides protection for: (1) income replacement if you die prior to retirement, (2) paying off any outstanding mortgage balance, (3) providing college funding for your children, and (4) During retirement, the death benefit can provide funding to replace reduced Social Security income due to the death of one spouse.

Protection against a multitude of financial risks including:

  • Market corrections and poor investment performance
  • Living longer than expected
  • Did not save enough
  • Tax rates increases
  • Low interest rates
  • Reduced Social Security income if one spouse dies (death benefit protects one spouse, LIS protects other spouse)
  • Health care costs (unrelated to chronic illness)
  • Unexpected house repairs
  • Financial help for children and grandchildren

Finally, even with the best plans, sometimes the unexpected can happen -- such as a serious illness or condition. The costs associated with treatment, as well as possible income lost if you are unable to work, can threaten your day-to-day living. We have products designed to let you use your life insurance benefits when you need the most. Life insurance that you don't have to die in order to use. Riders that can help pay for the costs of treatment for qualifying illness and conditions -- or any other expenses. It does this by including, no additional premium, a valuable rider that allows you to access you base life insurance benefit while you are alive if you have a qualifying illness or condition. Life insurance that provides all three coverage in one unparalleled package of protection against broad array of financial risks that are so prevalent during retirement. Imagine, you now have the capability of having a protection from all the risks in one financial product...Life Insurance. Call us today, don't wait! Life is Wealth...

Posted by: Sync Merchants AT 04:43 pm   |  Permalink   |  Email
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