Monday, January 18, 2016
When considering life insurance, the first issue you have to figure out is why or what do you need for it? Is it just for burial needs, or truly assets that you have and debt that you don't want to pass on to your spouse or family members?
Once you figure out why you need life insurance, then it is time to reach out to us. If you decide and determine that term life is the way to go, than it is time to determine how many years you want coverage. We have plans from five years and up to thirty years. The smaller term that you want coverage, the cheaper the premium itself.
Within our agency, we broker with over sixty life insurance companies. What does this mean? This means we can offer the most affordable price for what you need. In addition, we have plans where no medical exam is required up to $400,000 in death benefit.
So where does the thirty year term make sense? If you need long term coverage obviously. Also it keeps you from doing another application for quite some time. Nothing could be worse than taking on a ten year term plan, and then applying for more coverage after the ten years and your health has changed to where it can determine whether you can get approved for another program or not.
If you are looking for 30 year term insurance rates in Michigan, then reach us to us today.
Sunday, February 15, 2015
So as we back up, lets remember what term life insurance is. It is a life insurance program that covers you within a term that you pick. Here in Michigan we offer 5yrs, 10 yrs, 15yrs, 20yrs, and 30yrs plans.
We offer five year term life plans due to a couple of specific reasons. One, it is the most affordable for clients within our state of Michigan. Second and most important to us, some (not all) are looking for temporary coverage. If you can get five years for a cheaper price than a thirty year plan, why not take it if you again only need temporary coverage?
At our agency, we work with over 100 different life insurance companies. The perk to that? We offer the most affordable term rates within the state. Contact us to learn more.
Also a note, today is the final day for the Affordable Care Act Open Enrollment. Make sure to pick up your Michigan health insurance plan today.
Tuesday, February 10, 2015
Couple of things to make clear. While open enrollment ends on 2/15/15, you can buy health insurance plans past that date. However these plans after Feb. 15 are non compliant, so you will still pay the fine for the year of 2015.
If you decide to go without coverage for this year, be aware of the fee's of going without coverage. This includes,
The fee in 2015
Wednesday, May 21, 2014
However what is not known, is the fact that many consumers survive and live long and healthy lives. So as these consumers get older, obviously life insurance is a must and a necessary program which is needed.
A myth or concern that many Michigan consumers have is that Michigan life insurance is out of reach after having a heart attack. That is just not true. Even if you suffered the attack a month ago, you could get coverage. Now depending on the length of last occurrence, the ability to get a better plan is possible. However again, no matter if your a month out of three years out, you can always get coverage.
Contact us today if you are a Michigan consumer who has survived a heart attack. We’ll be able to help you.
Michigan Life Insurance After Having A Heart Attack
Wednesday, May 14, 2014
Obtaining health insurance protection outside of the Michigan Open Enrollment (Special Enrollment Option)
After the due date of 4/1, many Michigan buyers realized that the time to sign up for the Affordable Care act was over.
While you cannot submit an application for a “compliant plan” now, their are specific situations each year that offer you a way to apply for a plan that is compliant.
Straight from the Healthcare.gov web-site, it defines how one can purchase coverage under a special enrollment period. This includes,
- Marriage, having a baby, adopting a child or even placing a child for adoption or foster care, moving your residence, gaining citizenship, leaving incarceration
- Losing other health coverage—due to losing job-based coverage, divorce, the end of an individual policy plan year in 2014, COBRA expiration, aging off a parent’s plan, losing eligibility for Medicaid or CHIP, and similar circumstances. Important: Voluntarily ending coverage doesn't qualify you for a special enrollment period. Neither does losing coverage that doesn't qualify as minimum essential coverage.
- For people already enrolled in Marketplace coverage: Having a change in income or household status that affects eligibility for premium tax credits or cost-sharing reductions.
- Gaining status as member of an Indian tribe. Members of federally recognized Indian tribes can sign up for or change plans once per month throughout the year.
Obviously if any of the situations do occur, you need to make contact with us to learn more about your alternatives.
After the Affordable Health Care Act open enrollment was over here in Michigan, confusing is still making its way around.
While it is true that you cannot get a compliant plan (without a special election enrollment), their are options if you are in need of health insurance within the state of Michigan.
Consumers can apply for a six month short term plan. At this point, that would take you in to the next open enrollment in November.
So what are the pro’s and con’s to a short term plan? Con’s are numerous. One, they are non compliant. This means even if you decided to get coverage on yourself now, you will stay have to pay the fine for not buying a compliant plan during past open enrollment.
What is a pro? Well if you truly need coverage and missed the open enrollment period, well you still get health insurance.
Contact us to learn more.
Michigan "Non Compliant" Health Insurance Plans Still Available After Open Enrollment
Monday, November 25, 2013
Nevertheless, if on the BCBSM Keep Fit program, they are going to extend that through 14'. That is the only Blue Cross of Michigan plan they are permitting this for.
While President Obama did extend the opportunity for states to enable the companies to retain their pre-plans for an additional 12 months, numerous companies have rejected. To much capital has been spent shifting clients to modern "approved programs."
We at the firm realize the irritation on a lot of levels. Come 1/1, various health carriers will have their metallic plans within the Marketplace, however have plans outside of the Marketplace additionally.
Need help with your options. Email us today to learn more.