What is the difference between Immediate and Deferred Annuities?

Annuities come in two basic flavors. Everything else is just a variation of those two flavors. No, they are not vanilla or chocolate in flavor. Annuities are simply considered either immediate or deferred.   With an immediate annuity, the annuity buyer is expecting to receive an immediate income. An immediate annuity is the most basic vanilla type of annuity. You make one lump-sum […]

What is a Brokerage General Agency (BGA)?

Brokerage General Agencies are wholesalers of insurance products, this can be in the Property and Casualty or Life and Health business. They work in a space between dozens of carriers and in this example, they offer products for life, disability, long-term care, annuities, and health insurance products. Brokerage General Agencies work with financial advisors, who then communicate […]

Collecting Long Term Care Benefits: A Tale of What You Can Expect

Recently I worked with my brother-in-law to file for benefits on his long-term care policy. His policy was with MetLife (one of the largest insurance companies in the United States.) You would think filing a claim on a long-term care policy would be easy. How wrong that assumption is. Hopefully, our experience can help you navigate filing […]

Life Choices, Life Insurance Lessons

Life is full of choices. We make choices every day. Good choices, bad choices, simple choices, and complex. We make choices that impact our lives day in and day out. If you sit back for a moment and think of all the choices you make during the day, it will astound you. As the saying […]

Understanding Business Protection Planning

Often, when people hear business protection planning, they at once think of 401ks, group health plans, dental insurance coverage, and disability insurance plans. When considering the fundamental elements of business protection planning with a broader scope, you may realize several options are missing from the previously mentioned list. Often, the most critical business protection planning tools are either overlooked or misunderstood.   Businesses do not get advance notice when […]