Insurance Solutions
Preparing your finances
Insurance plays a vital role in a comprehensive financial plan.
We work closely with you to identify and implement the best insurance strategies to meet your unique needs and goals. Whether your priority is creating leverage to maximize your financial potential, building liquidity to ensure flexibility in times of need, or protecting your income to maintain stability for you and your loved ones, we provide tailored solutions designed to safeguard your future.
With a focus on clarity and confidence, we’re here to help you navigate the complexities of insurance and provide peace of mind at every stage of life.
Life Insurance Needs
Several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy is surrendered prematurely, the policyholder may also pay surrender charges and face income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.
Getting Started With Medicare
What are the basics?
Medicare is a complex program and can sometimes be confusing. The best place to start when you are new to Medicare is by familiarizing yourself with the differences between it and the health insurance you have now. Learn what makes a person Medicare-eligible, the different parts of Medicare insurance and what those parts cover, times to enroll in Medicare, and how putting off enrollment can result in penalties. These initial steps will help smooth the transition from your current insurance to Medicare once you are eligible.
What are your coverage options?
Everyone has different health care needs, meaning the coverage that is right for your friends or family may not be right for you. Will you enroll in Original Medicare or would you prefer a Medicare Advantage Plan that may limit your provider networks or have different costs but that offers additional coverage? If you have current employer insurance, you may decide not to enroll in Medicare until you have retired. If you are already retired, you might find that Original Medicare plus retiree insurance works better for you than Original Medicare plus a Medigap (or vice versa). Find out the full range of your coverage options.
Should you enroll in Part D?
While you should make sure you enroll in Part D prescription drug coverage when you become Medicare-eligible (assuming you do not have other creditable drug coverage), there are many Part D options for you to explore. Keep in mind, too, that sometimes retiree insurance offers prescription drug coverage that is as good as or better than Medicare Part D. If that is the case, you might decide not to take Part D because you are already covered. Finally, if you have difficulty affording your drug costs, you may want to consider applying for programs that can help pay these costs.
Are you eligible for programs that help lower Medicare costs?
There are several programs for people with low incomes that help pay for Medicare-related costs, such as premiums and copays. Some of these programs are federal while others are state-specific. Find out whether you meet the eligibility requirements and take full advantage.
What resources exist to help you navigate Medicare?
Medicare is a complex and beneficial program, and a variety of trusted sources can help you navigate your rights and options.
Ready To Start
Put a century of combined experience to work and reach out to our team to help you with your financial future.