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The Pigeon Drop Scam
According to the Identity Theft Resource Center, there’s a new scam out there specifically targeting senior citizens. They’re calling it the “pigeon drop scam.” At the heart of the theft is a fake investment scam. Here’s how the scam works: A couple of thieves head to a busy parking lot, usually at a grocery store or
…read more »What is Return of Premium Life Insurance?
You’ve just had a baby, were recently married, or purchased a home. You make the responsible decision to buy life insurance. But what type? If you’re buying life insurance for one of the above reasons, we recommend term life insurance instead of whole life insurance. Once you’ve settled on an appropriate amount of life insurance
…read more »What is a Medicare Advantage Plan?
If you’re turning 65 years old, you’re probably familiar with the terms Medicare, Medigap, Medicare Supplement Insurance, and Medicare Advantage. But the differences between them and how they relate to each other is far from simple. Today we explore Medicare Advantage. To begin, the first choice anyone interested in Medicare coverage makes is
…read more »Should a Lawyer Have Disability Insurance?
Should a lawyer purchase disability insurance? Most lawyers will be familiar with the answer: it depends. The reason anyone has disability insurance is to protect their income. If a lawyer (and this goes for any occupation, really) is independently wealthy and doesn’t rely on their income to make ends meet, then disability insurance doesn’t make a
…read more »Medigap Insurance Provides Freedom
On our sister site, www.medigap-insurance-for-medicare.com, we drafted a blog detailing the Freedom of Choice with Medigap. To summarize, some of the main reasons we often end up recommending Medicare supplement insurance (Medigap) over Medicare Advantage is the freedom it allows its subscribers. With a Medigap plan you can choose your doctors and hospitals – you
…read more »Top 15 Occupations Purchasing Disability Insurance
What are the most common occupations enrolled in disability insurance? A common question among many of our potential disability insurance customers is “Is my occupation one that typically gets disability insurance?” So we thought it might be interesting to pull back the curtain a bit and write a blog detailing the occupations that are most
…read more »Who Should Buy Universal Life Insurance?
The Wall Street Journal published an article exploring the recent upsurge in variable universal life and indexed universal life insurance policies. The article does a great job explaining how universal life insurance works. We also full-heartedly agree with WSJ’s breakdown of who should consider buying universal life insurance (short answer: not most people): Variable universal
…read more »What are the Pros and Cons of MYGAs?
We have had a tremendous amount of inquiries regarding Multi-Year Guaranteed Annuities (MYGAs) in the last year. The recent enthusiasm for MYGAs is the result of the sustained low-interest environment we’ve found ourselves in. Below are some of the pros and cons of MYGAs, followed by our recommendation. Pros of MYGAs: Safe Better interest rates
…read more »Tax Implications of Disability Insurance
We’re in the heat of tax season and you might be wondering about the tax implications of your disability insurance. This blog post will focus specifically on whether long-term disability insurance is considered taxable. For a more in-depth analysis, please check out the IRS website regarding taxing disability insurance. The first dividing point in determining
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