What Is the Accelerated Death Benefit (ADB)?

Life expectancy is the primary factor considered by insurance companies. We know that a life insurance policy allows you to financially secure you and your family’s future and well-being in case anything happens to you and you are not able to provide for your dependent family members. The life insurance policy has many benefits. Some… [Read More]

Is Life Insurance Only for “Rich People”?

The short answer is: Life Insurance is for everyone, poor, middle class or rich people A life insurance policy allows you to financially secure you and your family’s future and well-being in case anything happens to you and you are not able to provide for your dependent family members. “Individuals, whether rich or poor, should… [Read More]

How Life Insurance Can Help You Build Wealth for Your Family

Learn why building multi-generational is so important The benefits of using life insurance as a tool to create multi-generational wealth—while ensuring your loved ones can move forward financially after your passing—can be priceless. Here are some of the most common methods: The proceeds from your life insurance are typically tax-free. Your policy can ensure your… [Read More]

How to Start a Conversation About Life Insurance with Your Family?

Getting life insurance for your family is an expression of love that goes beyond words Life insurance conversations are often difficult to start but very necessary to have within the family. Whether you need to talk to a parent or spouse, it’s important to find the time and space to have a candid conversation about… [Read More]

What Percentage Of American Adults Have Life Insurance?

In 2021, 52 percent of Americans owned life insurance According to sources, in 2018, approximately 27.8 million life insurance policies were purchased in the United States. The average American has $178,150 in life cover. The most common age group for people to buy insurance is between 35 and 45. Recent LIMRA research shows that 36%… [Read More]

Medicare Advantage Enrollment Growth

All Medicare-eligible people in Florida have access to a Medicare Advantage plan. This graph represents the total Medicare Advantage enrollments (in millions) during the 1099-2019 period. Medicare Advantage Private plans that contract with the federal government to provide Medicare coverage. Please keep in mind that different areas have different Medicare Advantage Plans. A particular plan… [Read More]

ACA 2022 FPL Levels Shared by Insurance Pro

For the 2022 tax year, the ACA affordability threshold will decrease to 9.61%. According to IRS Revenue Procedure 2021-36 all health plans offered by employers beginning January 1, 2022, will need to be no more than 9.61% of an employee’s household income for employer-sponsored self-only coverage to be ACA affordable. What FPL Stand For? Federal… [Read More]

For the 2022 Tax Year, the ACA Affordability Threshold Will Decrease to Almost 10%

This decreased threshold translates into higher employer contributions towards their employees’ health coverage plans. Earlier this year the Biden administration passed the American Rescue Plan (ARP), which for now, and for the indefinite future, will drop the Affordable Care Act (ACA) affordability percentage for the 2022 tax year by 9.61%. What Is The ACA… [Read More]

How to Get Medicare and Medicaid in Kissimmee, Florida?

Medicare and Medicaid are governmental programs that offer medical and health-related services to particular groups of people in the United States. Both the programs come under the management of the Centers for Medicare and Medicaid Services. Insurance Pro is an Access Center.