The Alliance can help people who need dental coverage. One carrier, Mutual of Omaha, offers clients coverage in a simple, easy format. You can even offer quotes using a quoting app on your phone. The great feature is there are no health questions. You key in the client zip code and there are two dental plan options. The preferred plan is more expensive and lowers your deductibles while the protection plan has a higher deductible. They are both good plans and are often cheaper than options like Blue Cross/Blue Shield.
This is a way to help people with an individual dental plan. It can lower their out of pocket dental costs, so primarily will sell these to older people in their 60s and 70s that don't have coverage. This is another insurance option we are able to offer our clients outside of life insurance.
There are two ways to get disability insurance as a rider on a Term or Universal Life policy. You can do this if buy a term policy. You can also use a universal life policy to do this by adding a disability income rider. The most popular way to do it is through an “accident only” so the client would have to get disabled in an accident to collect, and most riders on those policies are six months, meaning you get the benefits for six months after you get hurt in an accident.
A standalone disability means it's a standalone disability policy, which means there's no life insurance attached to it. You can get a monthly benefit with the lowest amount you get at $300 a month and the highest one is $4,000. You do have to wait 30 days if it's an accident, where it takes 90 days to get the benefits if it is from a sickness. You can elect to get the benefits for one year, two years or three years. Then, the benefits stop so obviously the longer the benefit, the better off you are. The more expensive it is, and there's no gender specifics, it is the same price for male and female. Most of the time people want disability, they're going to have it to add to a policy as a form of a rider. If they don't want life insurance, they can get standalone disability. The more coverage that you want, the more it is going to cost and the longer you want the benefits, the more it costs.
Accident Only life insurance is the most inexpensive life insurance on the market. That is the case because the beneficiaries only get paid in the event that the proposed insured that dies must have passed specifically from an accident. If you have an accident only policy and die from cancer, it doesn't pay out because it's accident only life insurance, which makes it the most inexpensive way possible to get life insurance in the world.
If you're meeting with a client and they want a specific amount of coverage, but they can't afford it a lot of times people will get this amount of coverage in one area and they will get this much more in an accident policy, which will be a total life insurance amount of this. A standalone accident policy is a great way for a younger person that does not necessarily want a “Big Boy” policy yet, but wants to get started with life insurance benefits. These types can range from $50,000 to $500,000.
There are also all kinds of useful family plans that you can add dependents to. For example, if you don't want every child to have their own policy, you get a family policy. Some states have a return of premium option if you died in an accident. That means the beneficiary would get a check if you did die in an accident. The most popular product that's very inexpensive for younger people is accidental death and again it's only available for people that are in between age 18 and 50.
Medicare is a federal health insurance program for:
If you’re eligible for Medicare, you can enroll through the Social Security Administration. There are two parts to Original Medicare, Part A & Part B. Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care & some home health care. Part B covers certain doctors’ services, outpatient care, medical supplies and preventive services. You usually don’t pay a monthly premium for Part A if you or your spouse paid Medicare taxes while working for a certain period of time (10 years). Most people will pay a premium for Part B.
However, Original Medicare doesn’t cover all healthcare expenses. You have options for additional coverage through Medicare Advantage plans (also referred to as Part C), Prescription Drug plans (also referred to as Part D) and/or Medicare Supplement plans. All of these plans supplement the coverage you get through Original Medicare. You have to be enrolled in both Parts A and B of Original Medicare before you can enroll in either a Medicare Advantage or Medicare Supplement plan. You cannot have both a Medicare Advantage and a Medicare Supplement plan.
Medicare Advantage plans may have a zero premium but you may have to use certain doctors & hospitals. Many Medicare Advantage plans include extra benefits such as dental, vision, hearing, gym memberships & much more. Medicare Supplement plans will have a premium but can be used with any doctor or hospital in the U.S. that accepts Medicare. There are lots of options & it’s important for you to work with a licensed insurance agent who can help you understand the different options & which may be best for you.
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