Office Hours: Monday – Friday: 9:00 AM – 5:00 PM
Your Guide to Understanding
Insurance and Financial Planning
Access valuable resources, educational materials, and expert insights to help you make informed decisions about your insurance coverage and financial future.
Resources That Can Guide You Understanding Insurance Planning
Medicare Insurance
Understanding Medicare: Your Complete Guide
Medicare is a federal health insurance program that provides coverage for people age 65 and older, as well as some younger people with disabilities. Understanding how Medicare works is crucial.
Auto and Home Inurance
Protecting Your Assets:
Auto and Home
Insurance Essentials
Florida has specific auto insurance requirements unique weather challenges and unique considerations that drivers need to understand.
Life Insurance
Life Insurance
Planning: Protecting
Your Family's Future
Medicare is a federal health insurance program that provides coverage for people age 65 and older, as well as some younger people with disabilities. Understanding how Medicare works is crucial.
Financial Planning
Protecting Your Assets:
Auto and Home Insurance Essentials
Florida has specific auto insurance requirements unique weather challenges and unique considerations that drivers need to understand.
Answers to Common Insurance Questions
Q: What's the difference between an independent agent and a captive agent?
An independent agent represents multiple insurance companies and can shop the market to find the best coverage for your needs. A captive agent represents only one insurance company and can only offer products from that company.
Q: How often should I review my insurance coverage?
A: You should review your insurance coverage annually or whenever you experience a major life change, such as marriage, divorce, the birth of a child, buying a home, or retirement.
Q: What factors affect my insurance premiums?
A: Insurance premiums are based on various factors including your age, health, driving record, credit score, location, coverage amounts, and deductibles. The specific factors vary by type of insurance.
Q: When should I sign up for Medicare?
A: You should sign up for Medicare during your Initial Enrollment Period, which begins three months before the month you turn 65. Delaying enrollment may result in late enrollment penalties.
Q: Can I keep my employer health insurance instead of enrolling in Medicare?
A: If you're still working and have employer health insurance, you may be able to delay Medicare enrollment without penalty. However, the rules vary depending on the size of your employer, so it's important to understand your specific situation.
Q: What's the difference between Medicare Advantage and Medicare Supplement?
A: Medicare Advantage is an alternative way to receive Medicare benefits through private insurance companies, while Medicare Supplement (Medigap) works alongside Original Medicare to help pay for costs that Medicare doesn't cover.
Q: How much life insurance do I need?
A: The amount of life insurance you need depends on your income, debts, final expenses, and your family's future financial needs. A common rule of thumb is 10-12 times your annual income, but your specific needs may be different.
Q: Can I get life insurance if I have health problems?
A: Yes, there are life insurance options available for people with health problems, including simplified issue and guaranteed issue policies. However, these policies may have higher premiums or lower benefit amounts.
Q: What happens if I stop paying premiums on my life insurance policy?
A: The consequences of stopping premium payments depend on the type of policy you have. Term life insurance will simply end, while permanent life insurance may have options such as using cash value to pay premiums or converting to a reduced paid-up policy.
