Informative Resources &
Frequently Asked Questions


What is an Annuity?

A contract between a client and an insurance company that allows one to accumulate funds for retirement on a tax-deferred basis and benefit from a lifetime income stream.

What are the benefits of an Annuity?
  • Income for life
  • Guaranteed interest rates
  • Possible protection from probate and creditors
  • Cash growth potential
  • Tax deferral
  • Living benefits
What are the types of Annuities?
  • Immediate Annuity – begins giving you regular payments immediately after you make a lump-sum investment
  • Traditional Fixed Annuity – pays a guaranteed fixed interest rate for a period of time where the earnings compound and grow tax-deferred
  • Fixed Indexed Annuity – the interest credited to the fixed-indexed annuity is tied to the return of one of the market indices, usually the S&P 500 market index
  • Variable Annuity – allows the flexibility to invest funds in a wide range of investment options through sub-accounts
How do Annuities work?

Life Insurance

How much life insurance do I need?

The average cost of a traditional burial is about $9,000 (source National Funeral Directors Association). Your TAG agent will help you to plan your coverage according to your needs. 

Your Rights Under the FTC Funeral Rule

The Funeral Rule, enforced by the Federal Trade Commission (FTC), makes it possible for you to choose only those goods and services you want or need and to pay only for those you select, whether you are making arrangements when a death occurs or in advance.

Why do I need Life Insurance?
  • Medical and funeral expenses
  • Living benefits that could provide funds for expenses such as home health or nursing home expenses
  • Legacy (children, grandchildren, church, charity, etc.)
  • Income for your spouse (income may be greatly reduced when a spouse dies)
  • Investment options
  • Pays for taxes and debts to settle an estate
What are some popular Life Insurance options?

Permanent Insurance

  • Whole Life and Final Expense: Fixed-premiums for the life of the policy with guaranteed cash value growth and/or guaranteed death benefit. Policies are available for those individuals with major health issues.
  • Universal Life: a type of flexible permanent life insurance which generally has a cheaper premium than whole life policies because it offers the low-cost protection of term life insurance as well as a savings element which is invested to provide a potential cash value buildup. Earnings in a universal life insurance policy grow on a tax-deferred basis.


Temporary Insurance

  • Level Premium Term Life Insurance: Fixed premium for a specific period or term, i.e. 5, 10, 15, 20 years. Term insurance pays a death benefit if you die during the term of the policy.
What is Final Expense Insurance?
Also known as burial insurance, Final Expense coverages assists your loved ones in taking care of funeral expenses and medical bills after your death.
At what point should I obtain final expense insurance?

Because rates increase as you age, we recommend getting final expense insurance as soon as you can, typically beginning at age 50.

Is there a required health exam with Final Expense insurance?

There are many options available with multiple Carriers. Your TAG agent can review possible plans with you. Some policies are fully underwritten, which means you get better pricing if you are healthy. But some policies require only a questionnaire with no medical exam. There are also options that include a guaranteed issue policy which works best if you have substantial health issues.

Long Term Care

What is protected with long-term care insurance?
  • Monetary assets (savings & investments)
  • Property
  • Income for your spouse
  • Ability to leave a legacy
  • and more
What types of care are included with a policy?

Your TAG agent can give you details on the care and specific tests that are part of each policy options, including skilled, intermediate and custodial care.

Tell me more about the elimination period.

Also known as a waiting period, this set period is how long you will pay for services yourself before insurance coverage begins. The elimination period varies by policy and can affect your payment amounts.


What is Medicare?

Medicare is health insurance for:

  • People age 65 or older
  • People under 65 with certain disabilities
  • People of any age with End-Stage Renal Failure Disease (ESRD; permanent kidney failure requiring dialysis or a kidney transplant)

Medicare consists of four basic parts, with limitations and details to be provided by your licensed insurance agent:

  • Part A: Hospital Insurance (inpatient hospital care, hospice, some skilled nursing, home health care)
  • Part B: Medical Insurance (doctor’s services, outpatient hospital services, medical services and supplies)
  • Part C: Medicare Advantage (private insurance company coverage that includes Medicare Parts A and B)
  • Part D: Prescription Drugs
What are my Medicare Plan Options?
  • Original Medicare: Fee-for-service coverage under which the government pays your health care providers directly for your Part A & Part B benefits.
  • Medicare Supplements: Coverage through Medicare-approved private insurance companies that pays for most of the costs not covered by Medicare parts A & B.
  • Medicare Advantage: Coverage through Medicare-approved private insurance companies that replaces Medicare Parts A & B and sometimes includes a prescription drug benefit.
Tell me about Medicare Advantage and prescription drug plan election dates.
  • Initial Enrollment Period: when you are first eligible for Medicare
    • Turning 65: a seven-month window surrounding your 65th birthday
    • Disabled and Under 65: a seven-month window surrounding two years after receiving disability benefits
  • Medicare Open Enrollment Period: October 15 – December 7 each year
  • Annual Disenrollment Period: January 1 – February 14 each year
  • Special Election Periods are available when certain events happen in your life, such as moving or losing other insurance coverage
Where can I find out more information about Medicare?

Contact your TAG agent. is also a helpful resource.

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