What is Medicare Creditable Coverage?

What is Medicare Creditable Coverage? Medicare is a federal health insurance program for people age 65 and older, as well as people with certain disabilities. Medicare Part D is the prescription drug coverage part of Medicare. Medicare creditable coverage is prescription drug coverage that is expected to pay, on average, at least as much as…

Details
LTC

The Future Outlook Of Long Term Care

The Future Outlook Of Long Term Care Long-term care insurance (LTCI) is a type of insurance that helps people pay for the cost of long-term care services, such as nursing home care, assisted living care, and home health care. LTCI policies can be complex and expensive, but they can provide peace of mind for individuals…

Details
Variable Flexible Premium Universal

Flexible Premium Variable Life (Universal)

Flexible Premium Variable Life (Universal) Flexible premium variable life (VUL) insurance is a type of life insurance that allows policyholders to adjust their premium payments and investment choices. This flexibility can make it a good option for policyholders who need or want more control over their life insurance coverage. Features of flexible premium variable life…

Details
Automatic Premium Provision Loan

Automatic Premium Loan Provision

Automatic Premium Loan Provision An automatic premium loan provision (APL) is a clause included in some life insurance policies that allows the insurance company to automatically borrow money from the policy’s cash value to pay outstanding premium payments. APLs are most common in cash value life insurance policies, such as whole life insurance. If a…

Details