Restoration Benefit

Restore Benefits in Health Insurance

Restore Benefits in Health Insurance Restoration benefit in health insurance is a feature that allows you to replenish your health insurance’s deductible and out-of-pocket maximum after you have met them. This can be a helpful way to save money on your health care costs, especially if you have a high-deductible health plan. There are a…

Long Term Care Insurance

Qualifying for Long-Term Care

Qualifying for Long-Term Care LTCI contracts have two distinct benefit triggers—a loss of physical function or the existence of cognitive impairment. Loss of the Ability to Perform Two Activities of Daily Living (ADLs) The inability to perform two or more of six physical functions is collectively defined as the basic activities of daily living (ADLs).…

Desk Coffee Calculator

What is A 1035 Exchange?

A 1035 exchange is a provision in the Internal Revenue Code that allows you to exchange one insurance policy or annuity contract for another without having to pay taxes on the gains in the original contract. This can be a valuable tool if you are looking to change your insurance or annuity for a different…

Living Benefits

Life Insurance Living Benefits

Life Insurance Living Benefits Life insurance is typically thought of as a way to provide financial security for your loved ones after you die. However, many life insurance policies also offer living benefits, which can provide you with financial assistance while you are still alive. Living benefits are riders that are attached to life insurance…