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With all the different parts of Medicare, it can be confusing to differentiate the coverage offered by each plan.
At John Kyle Insurance, you will gain a better understanding of your Medicare needs after learning more about Original Medicare, Medicare Advantage Plans, Prescription Drug Coverage, and Medicare Supplements.
Medicare Advantage Plans, or Medicare Part C, can be used to substitute Medicare Part A and B, as well as offer prescription drug coverage.
Known as Medigap Plans, Medicare Supplement Plans fill in the “gaps” of medical costs that aren’t covered by Original Medicare, such as coinsurance, copayments, and deductibles.
The policyholder pays the insurance company a premium payment every month in return for a death benefit to be paid to the policyholder’s chosen beneficiaries in the event of their death.
Health insurance is essential to have through all walks of life. Whether it is an individual, family, or group plan, John Kyle will advise and guide you in the right direction to find the coverage you deserve.
Different types of supplemental insurance pay you a cash benefit while you’re sick or injured. Whether it’s disability or dental, explore your many options with John Kyle.
We have acquired an abundance of knowledge, and we’re eager to share this expertise with you in the form of articles and blog posts.
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We’d love to hear from you! Give us a call today to talk to a Representative and set up an appointment.
Life Insurance
Life insurance is, by far, one of the most important forms of insurance to carry. However, many people don’t have it. Employers will sometimes provide workers with a small policy, but often that isn’t up to take care of the finances if something were to happen. The main reason why many people aren’t covered has to do with our mindsets. We never think that something bad will happen to us. We don’t think about how our family will pay the bills once we are gone. It happens every day, though. People lose their houses and possessions because they can’t afford to pay the bills on one salary.
By buying a life insurance policy, you are ensuring that your family can continue their lifestyle if something were to happen to you. Usually, plans are cost-effective but can pay off in a big way if they are ever needed. Many contracts will charge a premium payment in exchange for a lump-sum payout, known as a death benefit. There are multiple options available, including term, whole, and universal life insurance.
One option available to those looking for life insurance is Whole life insurance. Referred to as permanent life insurance, it is available to provide a lifetime of coverage. Going this route can lead to higher premium payments, but it provides a comprehensive benefits package for the beneficiary of the policy. There is also the added benefit of the cash value that the Whole life insurance plan holds. Many people select the plan because of its savings component and its ability to accumulate tax-deferred over time.
We are not connected with or endorsed by the United States government or the federal Medicare program.
Designed to provide financial protection for loved ones over a specific period of time, Term life insurance can last 10 to 20 years. There is a cost-efficiency part of this plan as the premium payments tend to be less expensive than other permanent life insurance options like Whole life insurance. The main thing to keep in mind if you decide to purchase one of these policies is that there is an expiration date. Once the plan expires, you will need to either have the coverage extended or enroll in a new policy.
Another permanent life insurance option with lifetime coverage is Universal life insurance. This plan is one of the most flexible when it comes to permanent life policies. Throughout the plan’s lifetime, there is the option to raise or lower monthly premium payments as the owner sees fit. It also features an investment savings element as it can accumulate cash value.
Buying life insurance is an intimate process as you are deciding on how your family will be taken care of if something were to ever happen to you. Our team of experienced agents have helped thousands of clients through the enrollment and buying process and would love to help you as well. To schedule a free consultation with one of our agents, give us a call today at (440) 230-1223.
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We are not connected with or endorsed by the United States government or the federal Medicare program.