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What Is Term Life Insurance?

By |December 1st, 2021|Categories: Florida Insurance, Individual Insurance, Uncategorized|Tags: , , , , |

Term life insurance is an insurance product that offers coverage on a specified term, usually for a limited period, the specified term. The coverage typically extends for an agreed period of years, as well as the lifetime of the account holder. The insured pays a premium to the insurance company at the beginning of the coverage and is then paid a monthly premium to maintain the policy. During the specified term, the premium amount is adjusted for inflationary factors and life changes. If a policyholder should die before the end of the coverage, at no cost to the policyholder, then ...

What Is a Home Equity Line of Credit?

By |November 24th, 2021|Categories: Florida Insurance, Individual Insurance, Uncategorized|Tags: , , , , |

What is a home equity line of credit? A home equity line of credit is a personal loan in which the lender agrees to lend at a certain amount over an agreed period, usually at a fixed rate, where the secured collateral is the borrower's home. The value of the home does not affect the value of the loan, so it is similar in concept to other personal loans that have a variable interest rate. However, in this case, the equity in the property is used as collateral for the loan. In some cases, the HELOC is used to avoid ...

How to Apply for Medicare

By |November 17th, 2021|Categories: Affordable Care Act, Florida Insurance, Individual Insurance, Medicare|Tags: , , , , |

The easiest way on how to apply for Medicare is online. However, if you are over the age of 65 or already receive Social Security disability benefits or Railroad Retirement income then you will automatically be enrolled in Medicare Part A. Additionally, if you wish to begin your Social Security disability or Railroad Retirement income benefits then you must apply for Medicare early. The sooner you apply the sooner you will start receiving the benefit. How do you know when it is the best time to apply? Three primary rules govern when you should apply. The first is that you ...

How Much Life Insurance Do I Need?

By |November 10th, 2021|Categories: Affordable Care Act, Florida Insurance, Individual Insurance|Tags: , , , , |

If you are asking yourself, "How much life insurance do I need?" you may have decided to purchase a policy. You may be very satisfied with the amount of coverage provided and the peace of mind that your family members would receive should you die unexpectedly. However, a realistic appraisal of your individual needs can help you determine how much permanent life insurance coverage you need. Your occupation or the activities you perform daily are important considerations when determining your level of coverage. If you work in a risky profession, such as an auto repair shop or painting business, you ...

How Does Life Insurance Work?

By |November 3rd, 2021|Categories: Affordable Care Act, Florida Insurance, Individual Insurance, Uncategorized|Tags: , , , , |

How does life insurance work? It's quite simple. Life insurance works by paying a predetermined amount of money to a beneficiary or beneficiaries upon the death of the insured. In return, these beneficiaries will pay regular monthly premiums (called premium payments) to the insurer. When you purchase life insurance, you pay for a policy with a fixed or set amount of cash value. The death benefit is equal to the sum of all premiums paid plus any amounts determined by the terms of the policy. With some policies, you may also include interest, which is also part of the cash ...

Twenty-Something and Out of Work Worrying About Health Insurance

By |October 13th, 2021|Categories: Florida Insurance, Individual Insurance, Medicare|Tags: , , , , |

Twenty-something and out of work worrying about health insurance? Yes! At times in life, we all need a little extra help getting by, but when the bills start piling up and you can't pay them it hits. No one should have to be in this situation, it can be devastating financially and emotionally, so don't let this happen to you. Luckily there is a solution for anyone who has reached this point in their life. There are many reasons that people find themselves in this situation. Maybe they just got divorced and are living on their own. Maybe they've started ...