Author Troy Baccus

July 1, 2016 by Troy Baccus

Having a baby? Buy life insurance.

If you are having a baby then one of the most important financial things to do is secure life insurance for your family. The reason life insurance becomes so much more important when a child is born is because the new life is 100% dependent on care and guidance for at least 18 years. If you are

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June 9, 2016 by Troy Baccus

Should You Purchase a Whole Life Insurance Policy?

Should You Purchase a Whole Life Insurance Policy? As a general proposition, Montana Life Group does not universally endorse whole life insurance. There are certainly exceptions, which we’ll touch on in this post, but overall we feel the majority of people are better off purchasing a term life insurance policy. To begin with, whole life

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June 6, 2016 by Troy Baccus

Limited-Time High Interest Rate MYGA

What is a limited-time high interest rate MYGA? From time to time, an insurance company will have special limited-time offer for a Multi-Year Guaranteed Annuity (MYGA) with a higher interest rate. For example, we were notified by one of our carriers that, beginning June 6, they are offering a MYGA with a 3.15%* interest rate. It’s a 5

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June 3, 2016 by Troy Baccus

New Medigap Insurance Website

www.Medigap-Insurance-For-Medicare.com   We are pleased to announce our newest website dedicated to helping consumers shop for Medicare Supplement Insurance. The site has a regularly updated blog which will provide useful information for Medigap Insurance shoppers.   Our approach to Medicare Supplement Insurance Our approach to Medicare Supplement (MedSupp) insurance is the same as it is

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May 25, 2016 by Troy Baccus

Surgeons Need Own Occupation Disability Insurance

Disability insurance is extremely important for surgeons and specialists. If you are a surgeon or specialized medical professional then you should request a quote for disability insurance now. Why Surgeons need “True Own-Occupation DI” You may have heard the term Own-Occupation Disability Insurance before. This is the strongest form of disability insurance a person can

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April 5, 2016 by Troy Baccus

What is a Multi-Year Guaranteed Annuity or MYGA?

A popular type of annuity is called a Multi-Year Guaranteed Annuity, or MYGA. Below we’ll explore the question “What is a MYGA?” and give examples of when it’s appropriate to use a MYGA as a savings vehicle. What Does MYGA Stand for? MYGA stands for “Multi-Year Guaranteed Annuity.” It is a fixed annuity, meaning it has a fixed interest

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June 8, 2015 by Troy Baccus

How Does a Disability Insurance Policy Work?

I cannot stress enough how important it is to buy a strong disability insurance plan. I’ve posted blogs in the past on the topic and I could drone on and on about how your income is your most important asset. If you want to get into statistics and read a bunch of horror stories then

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May 18, 2015 by Troy Baccus

5 Reasons to Lock in Gains Now

We have had a nice run in the stock market since the housing crisis. Hopefully you were able to take full advantage of the growth experienced in the equities markets. Even if your portfolio hasn’t experienced double-digit growth over the past few years, you might be well-advised to take a more conservative approach for the years

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May 5, 2015 by Troy Baccus

Disability Insurance Myths

A few years ago, Forbes published an article entitled “5 Myths About Disability Insurance.”  We couldn’t agree more with most common disability insurance myths set forth in Ashlea Ebeling’s article and suggest you give it a read.  In short, Ms. Ebeling noted some common misconceptions regarding disability insurance: you won’t ever need disability insurance worker’s compensation will

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April 20, 2015 by Troy Baccus

Identity Theft Tax Scams

    Tax season is never fun, but nowadays there’s the added burden of making sure you’re sufficiently protected from identity theft tax scams.  The Chicago Tribune published an article detailing just how much identity theft has grown in recent years.   According to the Tribune, “About 2.9 million incidents of tax-related identity theft occurred

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