Does My Spouse Need Life Insurance if He or She Doesn’t Work?
Posted: February 22, 2021
When one spouse is the primary breadwinner, it is obvious why that person needs life insurance to protect the family. But a stay-at-home spouse needs life insurance, as well. Just because a person is not working at a paying job, that does not mean he or she lacks financial value. Consider what it would cost to pay another person for the services a stay-at-home spouse...
What Do I Need To Know For Medicare Open Enrollment?
Posted: February 21, 2021
The first thing you need to know about Medicare open enrollment is the time frame. The window for fall open enrollment begins on October 15 and runs through December 7. Fall open enrollment is also called the annual election period. Any changes you make during this enrollment period become effective on January 1 of the following year. You can enroll in, drop, or switch your...
Tips and Tricks for Choosing a Good Beneficiary
Posted: February 7, 2021
When you purchase a life insurance policy, you must choose a beneficiary. This is the person (or persons) to whom the insurance company will pay out benefits in the event of your death. Naming a life insurance beneficiary is an important decision to make. Keep the following tips in mind to help you choose the right beneficiary for your life insurance funds. Consider All Your...
Medicare Vs. Medicaid: What’s The Difference?
Posted: February 6, 2021
As stated on medicare.gov, Medicare is health insurance for people age 65 or older, certain people with disabilities under the age of 65, and people of any age with end-stage renal disease (ESRD) – permanent kidney damage requiring a transplant or dialysis. Medicaid is a joint state and federal program that helps cover medical costs for people with limited income and resources who meet specific...
How Many Life Insurance Policies Can I Have?
Posted: January 22, 2021
There is no set limit to how many life insurance policies you can purchase. You can buy multiple policies from different insurance companies, but insurers may start asking questions if your coverage reaches a point that greatly exceeds your income. Can It Cause Problems to Buy More Than One Life Insurance Policy? You can have more than one life insurance policy, and there is no...
