The Modern Medicare Agency Blog
Millions of employees receive life insurance from their employers. It is a type of group insurance that varies depending on the size of a company. The multiple of life insurance is about one or three times the amount of an employee's current salary.
Most life insurance from employers is provided for free. Also, you don't need to be in good health to get coverage. Finally, it is very convenient as you don't have to consider getting quotes, process applications, or pass a medical exam. All you need to do is to fill out a simple form to designate your beneficiary.
An annuity is a type of financial product made between an insurance company and a customer, which indicates that the insurance company will provide income for the rest of the person's life. If you take an annuity, you will make payments to an insurance company on the premise that they will grow your money to prepare for your retirement.
There are several types of annuities, and these differ in features, coverage, and complexity. Let's first discuss the two major types: fixed and variable annuities.
When it comes to Medicare Advantage Part C Plans or Medicare Advantage Plans, you may not always get what you want. Most people who have this plan are still unsure of what they'll get or their coverages. If you have a Medicare Advantage Plan and you're planning to take advantage of its benefits, make sure to understand its pros and cons first.
Medicare Supplement Insurance Plans can help reduce your out-of-pocket Medicare costs through co-insurance, co-payments, and deductions. Not all supplement plans are the same; some plans have limits and will only cover your medical expenses once you reach a specific amount. Get to know important points about Medicare Supplement plans before you get one.
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