There are many life insurance policies with many different benefits with each insurance company. Your life insurance plan should be tailored to your needs and that of your family. In order to get the plan that best fits your needs seek out a licensed insurance agent in your area.

The great part about life insurance is that it can be customized to fit any budget. Keep in mind the older you are the more it could cost. Best practice is to get life insurance as young as possible, including babies and grandchildren.

While it is best, and cost effective, to get coverage as young as possible, in order to own a life insurance policy you need to be 18 years old or older. People that have a financial responsibility for a minor child are able to purchase and own a life insurance policy for that child.

Yes, you can buy insurance for a family member. For example an adult child may purchase a policy for a parent. Just like a grandparent can take out a life insurance policy on a grandchild. There are many options depending on your situation. A licensed agent will be able to help find the best fit for your needs.

Yes, it is possible to carry more than one life insurance policy on an individual. Some states and companies have limits on the coverage amount. Speak with a licensed agent and they'll be able to guide you on any limits in your area.

Great question. In most case you will not need to take a physical. Depending on the amount of coverage you apply for, some companies, do require a physical during the application process. Again, in most cases, a physical is not required.

Each company has their own policies regarding the application process. There are several factors to consider that may change how long it takes to get approval. In many situation it could take between 1 and 3 weeks, again, depending on the company, type of policy and applicants health.

Once your policy has been approved you should receive it within 1-2 weeks from approval. Your agent may also hand deliver and review your policy with you in certain situations.

Part A: Hospital insurance
Part B: Medical insurance
Part C: Medicare Advantage
Part D: Prescription Drug Coverage

Medicare Advantage is Part C of Original Medicare. These "bundled" plans include Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance), and usually Medicare prescription drug (Part D). Each Medicare Advantage Plan can charge different out-of-pocket costs. They can also have different rules for how you get services, like:

Whether you need a referral to see a specialist
If you have to go to doctors, facilities, or suppliers that belong to the plan for non-emergency or non-urgent care.

You can get more information by visiting: www.medicare.gov

A Medicare Supplement Insurance (Medigap) policy helps pay some of the health care costs that Original Medicare doesn't cover, like:

1. Copayments
2. Coinsurance
3. Deductibles

Medigap policies are sold by private companies. You pay the private insurance company a monthly premium for your Medigap policy. You pay this monthly premium in addition to the monthly Part B premium.

Visit www.medicare.gov for more information

Your licensed agent will help you determine which option works best for your needs. There are several factors to consider when choosing a plan. Your current financial situation, current health conditions (if any), and long term plans. Speak with a licensed professional for more information.

In order to apply for a Medicare health plan you must first have, or scheduled to receive, Part A and Part B of Medicare starting 3 months prior to your 65th birthday and 3 months after. If, at age 65, you have credible health coverage you will not need to receive Part B until you stop receiving that coverage. Additional information can be found at www.medicare.gov

Long term care (L.T.C) is becoming the leading expense for seniors in retirement. Depending on the state you live in it could be upwards of $200,000 per year, on average, for a single individual. It's recommend to have coverage in the even you should need it. There are options for low income individuals, such as Medicaid, if you meet the financial requirements for your state.

Hospital indemnity plans come in many different forms and coverage ranges. In essences it pays the policy holder directly for an accident or illness in accordance with the policy terms.

Cancer is an illness that does not discriminate. It strikes young and old. Rich and poor alike. It's effect can be devastating on relationships and finances. Not all cancer plans are created equal. Some pay for specific medical treatments. Others pay a lump sum upon diagnoses. Some policies come with a re-occurrence rider that will allow the policy to pay out again. Health insurance only goes so far and will only pay for approved treatment options. Having additional funds to seek out alternative treatment options brings peace of mind, giving you options and control over your standard of care.