How much does Life insurance cost?

The price of life insurance depends on a several variables like your age, gender, tobacco habits, health, death benefit amount….just to name a few.  We have policies starting at $8.57 a month for a 35 y.o. female wanting 20 years term insurance with $50,000 in death benefits.  As an independent agency, we can shop around to get you the best price for your individual situation.  Call me at (417) 838-7023 to discuss your individual situation.

Does the Beneficiary pay taxes on a Life Insurance death benefit?

Life insurance is usually not taxable, however there are some exceptions that are important to consider regarding any life insurance policy and benefit.

Most of the time, a life insurance benefit is paid to the beneficiary in a lump sum, done in this way it is not taxable. However, if the beneficiary elects to receive the policy amount in installments and any interest is accrued, they will pay taxes on the accrued interest.

An example would be: Bob is the beneficiary of a $250,000 death benefit that earns 10% interest for one year before being paid out. Bob will owe income taxes on the $25,000 in interest growth.

Is Life Insurance subject to Estate taxes?

The death benefit of a life insurance policy is typically paid directly to the beneficiaries named. In the case that the benefit is included in the estate, it is subject to potential Federal and State estate taxes if it is above the tax exemption amount:

  • The Federal exemption is currently $12.92 million for a single person, and nearly $26 million for a married couple.
  • About a dozen states have state estate taxes with exemptions varying between $1 million and $9.1 million.

If the death benefit amount is above these exemptions, any amount above the threshold would be subject to estate taxes.

How do people know if they need to change Medicare plans?

People should shop their plans each year to make sure their plans will still meet their needs for the following year. If they’re satisfied that their current plans will meet their needs for next year and it’s still being offered, they don’t need to do anything.  If, not we will show the options available in your area for you to chose.


How do I sign up for Part B?

The form you need to fill out is CMS-40B and the form for your HR office/Employer to fill out is CMS-L564_508
Complete the first section of the CMS-L564_508 form so that the employer can find and complete the information about your coverage and the employment of the person
through which you have that health coverage.


How do I set up Medicare Easy-Pay?

By completing and returning the Authorization Agreement for Preauthorized Payments form (SF-5510), you’re authorizing the Centers for Medicare & Medicaid Services (CMS), the Federal agency that runs the Medicare program, to deduct your monthly Medicare premium from your bank account.  Send the completed form to:
Centers for Medicare & Medicaid Services
Medicare Premium Collection Center
P.O. Box 979098
St. Louis, MO 63197-9000


Is an annuity right for me?

Annuities provide safe, tax-deferred growth of your retirement nest egg… but the returns you should expect depend on your age, assets & location. Find out today if an annuity might be a good fit for you.  Call me at (417) 838-7023.

What is a Fixed Index Annuity? Annuities are a contract you purchase from an insurance company to help you accumulate assets for retirement. They offer several ways to generate income.


How do I select a financial advisor?

Education, experience, referrals, and compensation are just a few things to consider. Even though we don’t always think about it, when we choose a financial advisor, we’re bringing a professional into the inner circle of our lives.


What kind of financial advice do you give?

As an independent agent, I provide non-biased information, including free Annuity Rate Quotes and Retirement Planning information.  I find the best product based off your financial needs.

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