LTG Insurance Group

With fixed annuities, you receive a specified rate of return because your principal is not invested in the markets, so your returns will not fluctuate accordingly.

How does term life insurance work? You pay a monthly or annual premium to keep the policy active. If you die while the policy is in force, your beneficiaries receive the death benefit. If the term expires and you are still living, coverage typically ends unless the policy is renewed or converted.

A typical Individual Disability Income Protection plan starts to pay benefits after you have been off work for 1 to 6 months, and pays benefits for several years or until retirement age, depending on the policy.

Medicare Supplements only pay after Medicare pays its share first. If Medicare approves a claim and pays the part that Medicare owes, it will forward the remainder of the bill to your Medicare Supplement.

Contingent Beneficiary: Is a secondary beneficiary who will receive the death benefit if the primary beneficiary dies before the insured.

Your Initial Enrollment Period is a seven-month window when you can first become eligible for Medicare. It includes the three months before your 65th birthday, the month of your birthday, and the three months after. This is your first chance to enroll in Medicare Part A and Part B (unless you qualify for Medicare under 65).

Fast Fact: Some permanent life insurance policies can build cash value over time, which may be borrowed against in certain situations.

Life Insurance 101: Specific policies, including simplified issue coverage have no medical exam requirements for underwriting. Instead, you only have to answer a series of questions about your medical history. It benefits those that may have a pre-existing condition.

An annuity can help you meet many different types of investment goals. Which type of investment option is “smarter” for you will depend on your risk tolerance, income needs and overall financial goals.

Wellness 101: Small lifestyle changes, such as daily walks and healthier food choices, can have a meaningful impact on your long-term health and quality of life.