Quality Work Comes From Caring People
What type of product do I need and for how long? Depending on the purpose of the
insurance and your needs we can help you assess which product is right for you!
insurance and your needs we can help you assess which product is right for you!
Auto/Home Insurance
Most carriers offer significant discounts to bundle your home and auto insurance together so it is best to do them at the same time. Liability is very inexpensive so make sure you have a minimum of 250/500 - this is not the place to save money. You can save money in your deductible and comprehensive parts of your policy. Water backup is something we always recommend for your home as we see this claim as often as we see wind/hail claims. We recommend getting the full replacement cost on your dwelling.
BusinessYour Life Protect LLC is capable of doing any type of business insurance for any business or practice, including high risk markets. Get a free quote today!
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Health Medi-ShareYour Life Protect LLC is here to serve you. Our Medi Share program allows Christians to share their their financial resources in an effort to pay for each other's medical expenses.
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Life Insurance
We will all die at some point, we just do not know when. Life Insurance is the greatest product you can buy to protect your family financially. Ask yourself, if you die tomorrow (which is a REAL possibility) how will my family pay for living expenses, mortgage, my funeral, my debts, college, child care? Secure their future today and protect them against the unexpected. Click the link below and read Jenni's story.
Common purposes for life insurance include the following:
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Get approved for up to $2 million in coverage without an exam
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What is Medicare Advantage?
Also called Medicare Part C, Medicare Advantage plans provide coverage through private insurance companies approved by Medicare. These companies provide all the benefits of Part A and Part B, with the exception of hospice care (that remains covered by Medicare Part A). These plans sometimes also include additional benefits, such as vision, dental, and/or prescription drug coverage. Note that people with end-stage renal disease (ESRD) generally do not qualify for Medicare Advantage plans. When you join a Medicare Advantage plan, you must continue paying your Part B premium.
what is medicare supplement?
Also known as Medigap, Medicare Supplement plans are offered by private insurance companies and can take care of certain health care costs not covered by Original Medicare, like deductibles, premiums, and copayments. There are 10 standardized plans in 47 states, while Massachusetts, Minnesota, and Wisconsin each have their own plan offerings. Plans are categorized by letter—A, B, C, D, F, G, K, L, M, and N—and plans of the same letter offer the same benefits. However, insurance companies can offer plans at different prices; therefore, you may have different out-of-pocket costs, even if the standardized plan benefits are the same. These plans do not provide prescription drug coverage. This means that you will have to enroll in a stand-alone Medicare Prescription Drug Plan for medication coverage.
While Medicare Supplement plans help with deductibles and other expenses not paid by Original Medicare, they do not cover services if Original Medicare does not cover them. For example, they do not cover long-term care, dental care, or eye glasses.
While Medicare Supplement plans help with deductibles and other expenses not paid by Original Medicare, they do not cover services if Original Medicare does not cover them. For example, they do not cover long-term care, dental care, or eye glasses.
how do i choose?
When deciding on a plan, it’s essential to compare the benefits and costs in relation to your specific health care needs. With Medicare Advantage plans, you must continue to pay your Part B monthly premium, in addition to the monthly premium for your plan. However, although Medicare Supplement plan benefits are standardized, costs can vary between plans with the same benefits and are generally more expensive.
When comparing the benefits and costs of plans in your area, be sure to take these key factors into consideration:
When comparing the benefits and costs of plans in your area, be sure to take these key factors into consideration:
- Deductibles
- Monthly premiums
- Anticipated costs of health care and hospital services you use often
- Restrictions on doctors, hospitals, and pharmacies
- Expected costs of prescription drugs that you require regularly
- Maximum out of pocket amounts
cant i have both?
No, Medicare Advantage plans do not work with Medicare Supplement plans. This means that you cannot use your Medigap plan to take care of the copayments, premiums, or deductible from your Part C Medicare Advantage plan.
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Your most valuable asset isn’t your house, car, or retirement account, it’s the ability to make a living.
Disability insurance pays a portion of your income if you can’t work for an extended period because of an illness or injury. Everybody who relies on a paycheck should have this coverage. |
why do you need a disability insurance?
The chance of missing months or years of work because of an injury or illness may seem remote, especially if you’re young and healthy and you work at a desk. But more than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67, according to the Social Security Administration. “You never think it’s going to be you,” says Carol Harnett, president of the Council for Disability Awareness, an insurance industry group. More than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67. One reason people shrug off the risk is they think about worst-case scenarios, such as spinal cord injuries leading to quadriplegia or horrific accidents that result in amputation, Harnett says. But back injuries, cancer, heart attacks, diabetes and other illnesses lead to most disability claims. “The questions people have to ask are, ‘What would you do if you couldn’t work? How far could you go without a paycheck?’ ” Harnett says. |
For purposes of this explanation, we are going to list those illnesses that are covered by critical illness insurance policies which will pay a lump sum to you if you develop any of the following. Some carriers will pay for multiple conditions within a policy year as long as you keep the policy in force.
The three primary are: cancer, heart attack and stroke.
Critical illness insurance policies may also cover such conditions as:
The three primary are: cancer, heart attack and stroke.
Critical illness insurance policies may also cover such conditions as:
- Heart transplant
- Coronary bypass surgery
- Angioplasty
- Kidney (Renal) failure
- Major organ transplant
- Paralysis
What is an Annuity?
An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time. The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase. Once payments commence, the contract is in the annuitization phase.
Breaking Down 'Annuity'
Annuities were designed to be a reliable means of securing a steady cash flow for an individual during their retirement years and to alleviate fears of longevity risk, or outliving one's assets.
Annuities can also be created to turn a substantial lump sum into a steady cash flow, such as for winners of large cash settlements from a lawsuit or from winning the lottery.
Defined benefit pensions and Social Security are two examples of lifetime guaranteed annuities that pay retirees a steady cash flow until they pass.
Annuity Types
Annuities can be structured according to a wide array of details and factors, such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that, upon annuitization, payments will continue so long as either the annuitant or their spouse (if survivorship benefit is elected) is alive. Alternatively, annuities can be structured to pay out funds for a fixed amount of time (period certain), such as 20 years, regardless of how long the annuitant lives. Furthermore, annuities can begin immediately upon deposit of a lump sum, or they can be structured as deferred benefits. If deferred the funds will grow tax deferred meaning you will not need to pay taxes until you start taking money out of the account which allows it to grow much faster than other investment options.
An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time. The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase. Once payments commence, the contract is in the annuitization phase.
Breaking Down 'Annuity'
Annuities were designed to be a reliable means of securing a steady cash flow for an individual during their retirement years and to alleviate fears of longevity risk, or outliving one's assets.
Annuities can also be created to turn a substantial lump sum into a steady cash flow, such as for winners of large cash settlements from a lawsuit or from winning the lottery.
Defined benefit pensions and Social Security are two examples of lifetime guaranteed annuities that pay retirees a steady cash flow until they pass.
Annuity Types
Annuities can be structured according to a wide array of details and factors, such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that, upon annuitization, payments will continue so long as either the annuitant or their spouse (if survivorship benefit is elected) is alive. Alternatively, annuities can be structured to pay out funds for a fixed amount of time (period certain), such as 20 years, regardless of how long the annuitant lives. Furthermore, annuities can begin immediately upon deposit of a lump sum, or they can be structured as deferred benefits. If deferred the funds will grow tax deferred meaning you will not need to pay taxes until you start taking money out of the account which allows it to grow much faster than other investment options.
