tag:blogger.com,1999:blog-84031555821703245092024-03-12T21:12:24.562-05:00Financial Stakes for ChicagolandFinancial Stakes for Chicagoland is where you get information for making key financial and health decisions for yourself or for your business. Information on Medicare Advantage Plans, Medicare Supplement Plans, Major Medical Plans and Final Expense Plans are available as well as Business, Non-Profit, and Property and Casualty Insurance. If you need to Buy or Refinance Real Estate, this is also the place to come. Call (773)614-3201 for a free consultation or e-mail me at bwillbar@gmail.com.Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.comBlogger71125tag:blogger.com,1999:blog-8403155582170324509.post-67730524558869370602022-10-18T18:32:00.016-05:002022-10-18T19:39:02.666-05:00Get the 2023 Medicare Benefits You are Entitled to<div align="center">
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<span style="font-size: medium;"><span>Aging into Medicare opens you to a wide variety of great benefits and money savings.</span> </span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif; font-size: medium;"><br /></span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;">If you are receiving Social Security, you are</span><span style="font-family: georgia, "times new roman", serif;"> automatically enrolled in </span><b style="font-family: georgia, "times new roman", serif;">Medicare Part A</b><span style="font-family: georgia, "times new roman", serif;"> if you have earned 40 credits through payroll taxes while working. </span><span style="font-family: georgia, "times new roman", serif;">If not, go to the Medicare web site or visit your local Social Security office either three months before your birthday month, on your birthday month, or no later than three months after your birthday month. This is your eligibility window.</span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;">Medicare Part A covers hospitalizations, blood transfusions during
hospitalization, home health care, hospice care, and stays in skilled
nursing facilities.</span></div><div class="MsoNormal">
<span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><br /></span></span></span></span><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;">With regards to <b>Medicare Part B</b>, y<span>ou do not need any work credits to qualify for Part B. However, if</span><span> you don't sign up during your eligibility window, but then decide to enroll later, your premium goes up 10% for each 12 month period. As an example, if you wait five years to sign up, your premium would then be 50% higher than someone who signed up on time.</span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><br /></span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;">If you have health insurance through your work or your spouse's work, you can delay enrolling in Part B. But if your employer has fewer than 20 workers or if you are on a company retirement plan, you must enroll in Part B as soon as you turn 65. Your workplace or retiree plan will become your secondary plan.</span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><br /></span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;">Remember that Part B Medicare which pays 80% of doctors, supplies, outpatient services, physical or speech therapy does not have a cap after the 80% is paid by Medicare.</span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><br /></span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><div class="MsoNormal" style="font-family: "Times New Roman";"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span>However, you can choose Medicare Part C, which is <b><a href="https://bit.ly/3MGoWcK">Medicare Advantage</a></b></span></span></span><span style="font-family: georgia, "times new roman", serif;"><span style="background-color: white;"><b> </b>and self enroll </span></span><span style="font-family: georgia, "times new roman", serif;"> These are managed care type plans which covers all your benefits under Part A and Part B, and often will cover your Part D Prescription benefit and may include dental, vision, physical fitness and transportation. These plans usually have zero or minimum monthly premium and have a cap on how much you will pay out of pocket annually. They are comprehensive plans and I highly recommend that you choose one. </span></div></span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><br /></span></span></span></span></span></div><div class="MsoNormal"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;"><span style="font-family: georgia, "times new roman", serif;"><span face="arial, helvetica, sans-serif"><span style="font-family: georgia, "times new roman", serif;">You will need to check your prescription benefits<b> </b>every year because the list of covered drugs can change. M</span></span></span></span></span><span style="font-family: georgia, "times new roman", serif;">ake a list of the medications you are taking, and c</span><span style="font-family: georgia, "times new roman", serif;">heck to see if they are covered under the plan you are considering. </span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;">Leave your questions or comments below. Or, email me at bwillbar@gmail.com</span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: georgia, "times new roman", serif;">Will Barnes, Medicare Consultant</span></div><div class="MsoNormal">
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com4tag:blogger.com,1999:blog-8403155582170324509.post-89309523524894529992021-10-21T12:02:00.002-05:002021-10-21T13:29:21.196-05:00Here's What You Need to Know About Medicare 2022<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhgYP5FuPr2wI9vo1Pn066fpW2K1BYdNJjotMTjAUzvmIymIVk8jQJB0WLY9-PRZqUNshNKVfCvzCa1ZEVCPUipu6WR3lJzZVKXX4WPOjkHXo1J_BsxO1X8vWc7knS3dEOYLFEtWkchyphenhypheng/s1600/Medicare++image.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="129" data-original-width="390" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhgYP5FuPr2wI9vo1Pn066fpW2K1BYdNJjotMTjAUzvmIymIVk8jQJB0WLY9-PRZqUNshNKVfCvzCa1ZEVCPUipu6WR3lJzZVKXX4WPOjkHXo1J_BsxO1X8vWc7knS3dEOYLFEtWkchyphenhypheng/s16000/Medicare++image.jpg" /></a><b style="mso-bidi-font-weight: normal;"><span style="font-family: "georgia" , "times new roman" , serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Know Your Medicare 2022 Benefits</span></b></span></b><br /><br /></div><div class="MsoPlainText"><span style="font-family: arial;">Knowing about your Medicare 2022 benefits is deeply important. You paid into it during your work life and you deserve all the benefits you have coming. You have come to the right place for all the information you need. </span></div><div class="MsoPlainText"><span style="font-family: arial;"><br /></span></div><div class="MsoPlainText"><b style="mso-bidi-font-weight: normal;"><span style="font-family: arial;">Medicare has Four Parts<o:p></o:p></span></b></div>
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<span style="font-family: arial;">Part
A is inpatient hospital insurance. It also covers skilled nursing facility stays, home health care, and hospice care.</span></div><div class="MsoPlainText"><span style="font-family: arial;"><br /></span></div><div class="MsoPlainText"><span style="font-family: arial;"><span>Part B is medical insurance, covering doctors'
services, diagnostic tests, durable medical equipment, and outpatient hospital services.</span><span> </span></span></div><div class="MsoPlainText"><span style="font-family: arial;"><br /></span></div><div class="MsoPlainText"><span style="font-family: arial;">Part C covers <a href="http://bit.ly/2Hp9x2R" target="_blank"><span style="color: #990000;">Medicare Advantage Plans</span></a>, and Part D
covers prescription drug plans. </span></div>
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<span style="font-family: arial;">Part
A, which is free for most Americans, and Part B, which charges a
monthly premium of $158.50 for most people, provides the foundation of health
insurance for Americans 65 and over.<o:p></o:p></span></div>
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<a href="about:invalid#zClosurez" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><span style="font-family: arial;"><br /></span></div>
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<span style="font-family: arial;"><span>But here's more. Medicare Part A has large deductibles (for example, $1,556 for
a hospital stay of 60 days or less). Medicare Part B has no cap on
out-of-pocket costs after Medicare pays 80 percent of approved expenses. </span><br />
<span><br /></span>
<span>Once
the annual amount of $217 Part B deductible is met, as an example,<span style="mso-spacerun: yes;"> </span>Medicare will pay 80 percent of your bill and you will have to pay 20% of whatever amount remains with no limits. The $217 is the 2022 deductible up from 2021. A<o:p></o:p></span><span>ll deductibles, premium, and co-insurance amounts above are for Part A and Part B effective January 1, 2022. </span></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: arial;">Medicare Additional Coverage<o:p></o:p></span></b></div>
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<span style="font-family: arial;"><span>The limitations
of Parts A and B prompts an estimated 39 percent of people on Medicare to enroll in a Medicare Advantage Plan. </span><b>Medicare
Advantage plans</b><span>, Part C, are offered by private companies approved by Medicare, Besides
services included in Medicare Parts A and B, they usually offer additional
coverage, including vision and dental, health club membership, and both prescription drugs and transportation. </span></span></div><div class="MsoPlainText">
<span style="font-family: arial;"><span><br /></span><span>Go to</span><span><span style="color: #990000;"> </span><a href="http://bit.ly/2Hp9x2R" target="_blank"><span style="color: #660000;">Medicare Advantage Plans</span></a></span><span> And see what plans are available to you and take advantage of the benefits you have coming.</span></span></div>
<div class="MsoPlainText"><span style="font-family: arial;"><br /></span></div><span style="font-family: arial;">If you have additional questions call (773) 614-3201 or email me at bwillbar@gmail.com</span>Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-13399286341633464062020-07-13T10:09:00.001-05:002020-07-13T10:09:37.530-05:00Financial Choices for Safety and Security in this Era of Trump<table cellpadding="0" cellspacing="0" class="tr-caption-container zemanta-img" style="float: right; margin-right: 1em; text-align: right;"><tbody>
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<font face="georgia"><span>Although 401(k)s are rebounding, financial safety and security continues to be sought in America. </span><br />
<span><br /></span>
<span>In this context, traditional whole life insurance and annuities must be
considered as safe and secure options for acquiring sufficient money to have
a satisfying retirement.</span><br />
</font><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<font face="georgia"><span>The long standing traditional whole
life insurance lasts for your whole life and the premium remains the same as
long as the policy is in existence. </span><br />
<span><br /></span>
<span>Traditional whole life insurance contains
the basic essentials of term insurance, with an investment element added.</span></font></div>
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<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<font face="georgia"><span>You pay a premium amount larger than
the premium which would be paid for term insurance and that part of the payment
is invested over the life of the policy. </span><br />
<span><br /></span>
<span>The growth of that investment is
nontaxable to you. This favorable treatment of return on investment is
exclusive to life insurance and offers a significant wealth buildup vehicle.</span></font></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia">In a nutshell, here's what
traditional whole life insurance have to offer:</font></span></div>
<ul>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>tax-favored cash values</span></font></span></li>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>death benefits</span></font></span></li>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>competitive interest rate</span></font></span></li>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>guaranteed return</span></font></span></li>
</ul>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia">Next, an annuity is an investment
contract between you and the insurance company. You receive a return on your
investment that supplements your contribution. In the future, you can choose to
"annuitize" the investment to provide income for a specified period
of time in your lifetime.</font></span></div>
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<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<font face="georgia"><span>The earnings on an annuity can grow
without being lessened by taxes. These earnings are not taxable until you
withdraw them, and then they are spread out over a number of years. </span><br />
<span><br /></span>
<span>When you
begin receiving income from an annuity, only part of your income is taxable
because you receive both interest and a partial return of the invested
principal.</span></font></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<font face="georgia"><span>To make the best use of the positive
tax advantages of an annuity, you also must be aware of the potential tax
problems. The IRS imposes a penalty of 10 percent along with the tax owed on
withdrawals unless you are over age 59 1/2 when withdrawing money from the
annuity or cashing it in. </span><br />
<span><br /></span>
<span>These charges are in addition to any insurance
company fees that might be imposed upon the withdrawal.</span></font></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<font face="georgia"><span>It is advisable to approach the
purchase of an annuity with the expectation that you will not draw on it until
you are older than age 59 1/2. </span><br />
<span><br /></span>
<span>To fully make the most of the tax advantages you
should plan on holding the annuity for many years so that the earnings can grow
without current taxation. No matter what the tax advantages of an annuity are,
you still must pay close attention to the rate of return on the investment.</span></font></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia"><br /></font></span></div>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span><font face="georgia">Here's what annuities have to offer:</font></span></div>
<ul>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>a guaranteed return.</span></font></span></li>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>a competitive interest rate.</span></font></span></li>
<li><span><font face="georgia"><span><span style="mso-list: Ignore;">·<span style="font-stretch: normal; font-style: normal; font-variant: normal; line-height: normal;">
</span></span></span><span>and, tax-free or tax-favored
benefits</span></font></span></li>
</ul>
<div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<font face="georgia"><span>Because of their safety and security, both whole and annuities, should be given a major consideration for providing either
partial or full retirement benefit. </span><br />
<span><span><br /></span>
<span>Keep current on the tax laws. They change frequently. </span></span><br />
<span><span><i><br /></i></span></span>
<span><span>Call (773) 614-3201 or e-mail me at bwillbar@gmail.com if you have questions regarding life insurance and annuities</span></span></font></div>
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<span><font face="georgia"><br /></font></span></div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-68071441475416357892020-06-30T14:37:00.008-05:002020-06-30T15:37:35.164-05:00Buy Your First Home Now<span style="font-family: georgia, "times new roman", serif;">Mortgage rates remain historically low. </span><div><div style="text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPGsfj20JAyD4lcSEqgRsrC92xGvMHp8nrwY_QDNb5dOjTis3NvAxMqR2PIVlGlLs7OvOVv-vljgp0xMafXZyruXJJD4xAc9-GU9SedI8PcSsTVzqsWwjlbYFx2koMd7jiT9IRAfbJhfc/s195/download.jpg" imageanchor="1" style="clear: right; float: right; font-family: georgia, "times new roman", serif; margin-bottom: 1em; margin-left: 1em; text-align: center;"><img border="0" data-original-height="122" data-original-width="195" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPGsfj20JAyD4lcSEqgRsrC92xGvMHp8nrwY_QDNb5dOjTis3NvAxMqR2PIVlGlLs7OvOVv-vljgp0xMafXZyruXJJD4xAc9-GU9SedI8PcSsTVzqsWwjlbYFx2koMd7jiT9IRAfbJhfc/w305-h191/download.jpg" width="305" /></a><span style="font-family: georgia, "times new roman", serif;">At around 3.13% for a 30 year fixed mortgage, </span><span style="font-family: georgia, "times new roman", serif; text-align: right;">the time has </span><span style="font-family: georgia, "times new roman", serif; text-align: right;">hardly been better than now to buy </span><a href="https://financialstakes.blogspot.com/p/blog-page.html" style="text-align: right;">a home</a><span style="font-family: georgia, "times new roman", serif; text-align: right;">. </span></div>
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<span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: georgia, "times new roman", serif;">Homes have begun to appreciate significantly in value in certain parts of the country. But, wherever you are, <a href="https://financialstakes.blogspot.com/2011/03/home-ownership-four-key-types-to.html">buy a home for the long term</a>. Consider it a place in which to live, to enjoy, and to raise your family, not just for an investment. . </span></span></div>
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<span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: georgia, "times new roman", serif;">Keep in mind with a thirty-year fixed rate mortgage, your monthly payments (with the exception of your property taxes and homeowners insurance) are set for the duration no matter how high the interest rate may rise in the future. </span></span><br />
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<span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: georgia, "times new roman", serif;">Now here's a mortgage calculated<span style="font-family: georgia, "times new roman", serif;"> </span><span style="font-family: georgia, "times new roman", serif;">upon the current 30 year interest rate of 3.13%. S</span>ee how much you will be paying <i>for the next thirty years</i>. For example your monthly note for a $150,000, </span></span><span style="font-family: georgia, "times new roman", serif;">4 bedroom house, with a 30 yr fixed rate of 3.13% and a FHA mortgage of 3% down would be roughly $623 per month. </span><br />
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<span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: georgia, "times new roman", serif;">Now, consider just the financial savings between buying and renting. In many of the urban areas of this country, a 4-bedroom apartment would rent for over $2,000 per month with the rent subjected to increase every year. </span></span></div>
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<span style="font-family: arial, helvetica, sans-serif;">E-mail me at bwillbar@gmail.com and I'll send you a detailed home buying vs renting comparison.<span style="font-family: arial, helvetica, sans-serif;"> For a free consultation, call (773) 614-3201</span></span><br />
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<span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">Click here for <a href="https://financialstakes.blogspot.com/p/blog-page.html">a home that's for immediate sale in Chicago</a>. All offers considered. </span></span></div>
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<span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: georgia, "times new roman", serif;">Leave your comments below.</span></span></div>
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</div>Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-46257440940741415192020-02-14T02:19:00.002-06:002020-07-06T13:00:54.802-05:00Don’t Be Without A Final Expense Policy<div dir="ltr" style="line-height: 1; margin-bottom: 0pt; margin-top: 0pt;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-mqk6az_84jQeUndgaJMtFFwTN5MfUxYYNaQIV9Lj8spFLW8buvYBoz96dejylIM3p-I_2KgntOemZuUmQ_ksUgfOGvo5Mm5fYr0-4prhe6HF2Sao8hnTS9qvyGRzZ8EMIz0P2vmGnEY/s1600/Black+seniors+2.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-mqk6az_84jQeUndgaJMtFFwTN5MfUxYYNaQIV9Lj8spFLW8buvYBoz96dejylIM3p-I_2KgntOemZuUmQ_ksUgfOGvo5Mm5fYr0-4prhe6HF2Sao8hnTS9qvyGRzZ8EMIz0P2vmGnEY/s320/Black+seniors+2.jpg" width="320" /></a><br />
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<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">A <b><span style="mso-bidi-font-style: italic;">final expense</span> <span style="mso-bidi-font-style: italic;">policy</span></b> is a permanent life
insurance product which provides coverage throughout the insured’s lifetime.</span></span><br />
<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><br /></span></span>
<span style="color: black; font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">It combines a death benefit with a savings element. </span><span style="font-family: arial, sans-serif;"><o:p></o:p></span></span></div>
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<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><br /><span style="font-family: arial, helvetica, sans-serif;">A final expense policy also has level premiums throughout with the proceeds being made immediately available to pay off final expenses. </span></span></span><br />
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<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">Such expenses can include funeral costs, medical bills, or other associated
expenses.<o:p></o:p></span></span></span></div>
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<span style="font-family: arial, helvetica, sans-serif;"><b><span style="color: black; font-family: arial, sans-serif;">Burial Insurance</span></b><span style="color: black; font-family: arial, sans-serif;"><o:p></o:p></span></span></div>
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<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">Also called burial insurance,
final expense policies are typically inexpensive and offer benefits generally from $2,500 to up to $25,000. <o:p></o:p></span></span></div>
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They often do not require medical exams and are favored by seniors on fixed
incomes as an economic way to cover <a href="http://financialstakes.blogspot.com/2013/06/the-only-life-insurance-policy-you-must.html">final
expenses</a>.<o:p></o:p></span></span></div>
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<b>A Sense of Peace and Security</b><o:p></o:p></span></span></div>
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<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">If you have Social Security,
Medicare, and either a Medicare Supplement or Medicare Advantage, then you need <b>a
Final Expense policy </b>to cover all of your bases. </span></span><br />
<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><br /></span></span>
<span style="color: black; font-family: arial, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">You will then feel a
sense of peace and security knowing that you will not have to burden your loved
ones in any way.<o:p></o:p></span></span></div>
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Applying is easy and simple. No height or weight requirements. Most health
conditions accepted. <o:p></o:p></span></span></div>
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<span style="color: black; font-family: arial, helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif;"><br />
Call (773) 614-3201 for a personally designed </span><b><span style="font-family: arial, helvetica, sans-serif;">Final Expense policy.</span><span style="font-family: arial, sans-serif; font-size: small;"><o:p></o:p></span></b></span></div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-54564127788823706742019-06-14T20:33:00.000-05:002019-06-14T20:33:36.092-05:0010 Inspirational Quotes for Father's Day<ol>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoegpvYEzcSVvmXlF-57c0xoX94cq9yleXyp16YulU-sYuN6GT4i92-jmUNPXsG1ddMea_CxUp5IlZ4W-nAtLunNSC6iifmNGgxwwUhDrPUg2edTTuc4ovkm7yNM7wNaMAuhKokjDAeMw/s1600/Fathers+Day.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="166" data-original-width="277" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoegpvYEzcSVvmXlF-57c0xoX94cq9yleXyp16YulU-sYuN6GT4i92-jmUNPXsG1ddMea_CxUp5IlZ4W-nAtLunNSC6iifmNGgxwwUhDrPUg2edTTuc4ovkm7yNM7wNaMAuhKokjDAeMw/s320/Fathers+Day.jpg" width="320" /></a>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">A fellow who does things that count doesn’t usually stop to count them.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">A man must be big enough to admit his mistakes, smart enough
to profit from them, and strong enough to correct them.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Don’t wait for your ship to come in if you haven’t sent one
out.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">The fellow who has an abundance of pull gets along very well
without push.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Your mind can hold only one thought at a time, make it a
positive and constructive one.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Many of life’s failures are men who do not realize how close
they were to success when they gave up.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">It’s a good idea to take an interest in the future – – that’s
where you will spend the rest of your life.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">The man is blest who does his best; do not worry.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">There is no formula for success except, perhaps an
unconditional acceptance of life and what it brings.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">The man who gets ahead is a man who does more than is
necessary and keeps on doing it.</span></li>
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<span style="font-size: medium;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> What do you think? Leave your comments below?</span></span></div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-9086267855901769552019-04-02T12:13:00.000-05:002019-04-02T12:13:29.705-05:00Only Life Insurance Policy You Need<div style="text-align: right;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEHbiwTrE2q0EL35kK_vph-kSv2KckTzp1DOmb7ye_ixGuIJP6jp3H3WQ7DegxKWzwM9W3YXU45ZJysSe00jkVnLs5cycQ_fnySYNYPm7HMt3GjqIAC4ksjHuT4Va4nHeQQNkNLK7hnio/s1600/Black+family+3.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="183" data-original-width="275" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEHbiwTrE2q0EL35kK_vph-kSv2KckTzp1DOmb7ye_ixGuIJP6jp3H3WQ7DegxKWzwM9W3YXU45ZJysSe00jkVnLs5cycQ_fnySYNYPm7HMt3GjqIAC4ksjHuT4Va4nHeQQNkNLK7hnio/s320/Black+family+3.jpg" width="320" /></a><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">No one’s financial plan is complete without life insurance. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;">If your financial planner does not incorporate life insurance </span></span><span style="font-family: georgia, "times new roman", serif;">in your financial plan he or she is doing you a tremendous disservice. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;">The only question is
what type of life insurance.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b>Limited Value of Term Insurance</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">While term insurance term insurance can be useful for
a young person, recently married, with a mortgage and young children, for older
people whose children are grown and who have the potential of acquiring a health
problem, term insurance is not the way to go. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="font-size: xx-small;"><br /></span></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Term insurance is just what the words alludes to. It's for a term of years and then it's no more. If you have an option to keep it and do so, your premium jumps significantly higher. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Forgetting term, for most of us a choice need to be made among four types of
life insurance: <i>a preferred whole life, 20 pay whole life, whole life with
modified death benefits, and a whole life final expense </i>.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b>Final Expense Whole Life Policy</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">If you have a preferred whole life or a 20 pay whole life already in place, then the only type of life insurance policy you still must
have is a <b>whole life final expense policy</b>.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">You need a <a href="http://financialstakes.blogspot.com/2013/08/dont-be-without-this-policy.html">whole life final expense policy</a> to provide your family the money when they need it – a policy which
will pay all the costs associated with your funeral and burial expenses within 24
hour of the documents being received while you are waiting on the other
policies to pay out.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">The other policies may be designed to provide for a lifetime
income for your surviving family and may take take several weeks or more to pay out. However, only the whole life final expense policy
will give your family immediate benefits.</span><br />
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For Illinois residents, call (773)614-3201 for more information and quotes. </span></div>
Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-48401580306445225122019-03-12T21:29:00.000-05:002019-03-12T21:29:00.091-05:00Insure Your Children's Life - A Must For Parents<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjFeiUYzl6wVTDJF__ZJj55ol3_83kAQAlMqRZ9q2LXxqq4BL_QkeiN7G-eyyq4Uipwm4dZQLpRPznLEu08-5UquG1JPrlVASS8CWPNqsuxqJip5Q4b4XpUiexFYBFS9pLozq0l27nPDo/s1600/More+children+smiling.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="167" data-original-width="252" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjFeiUYzl6wVTDJF__ZJj55ol3_83kAQAlMqRZ9q2LXxqq4BL_QkeiN7G-eyyq4Uipwm4dZQLpRPznLEu08-5UquG1JPrlVASS8CWPNqsuxqJip5Q4b4XpUiexFYBFS9pLozq0l27nPDo/s1600/More+children+smiling.jpg" /></a><span style="font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;">Insuring children lives are often overlooked. Parents and grandparents must consider insuring the lives </span><span style="font-family: "georgia" , "times new roman" , serif;">of children in their care.</span></span><br />
<span style="font-size: medium;"><b><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></b>
<b><span style="font-family: "georgia" , "times new roman" , serif;">Children Lives Need to be Insured</span></b></span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: medium;">While the parents and grandparents must make sure that their lives are insured first and foremost, if funds are available to insure the children, the children lives need to be insured.</span><br />
<span style="font-size: medium;"><b><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></b>
<b><span style="font-family: "georgia" , "times new roman" , serif;">Insurance Premiums for Children are Low</span></b></span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: medium;">The insurance premiums for life insurance for children tend to be very reasonable because of their long life expectancy. However, tragedies and accidents can and do occur everyday.</span><br />
<span style="font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;">And, no one wants to have to take up a collection or draw down savings to bury a child. Therefore, what amounts to less than a dollar a day. for example, for a child entering kindergarten at 6 years old, the annual premium for a 10,000 policy would be $57.60. </span></span><br />
<span style="font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;">This would be a whole life policy that <span style="color: #741b47;"><a href="http://financialstakes.blogspot.com/2015/11/whole-life-term-or-universal-life-how.html">build up cash value</a></span> and one that the child can keep at a low premium once he grows up and becomes self-reliant.</span></span><br />
<span style="font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;">One other matter to consider is that if the child become uninsurable, for whatever reason, and the existing policy is in force, it can not be cancelled by the company as long as the premium continues to be paid. </span></span><br />
<span style="font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span><span style="font-family: "georgia" , "times new roman" , serif;">Call <b>(773) 614-3201</b> for more information on insuring your children. If you have any thoughts on this matter, leave your comments below.</span></span>Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-6268902212670227912019-02-21T12:39:00.000-06:002019-02-21T12:43:50.156-06:007 Free and Important Medicare Benefits for 2019<div style="line-height: 16.95pt; mso-line-break-override: restrictions; mso-line-height-rule: exactly; punctuation-wrap: simple; text-autospace: ideograph-other; vertical-align: baseline;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkzBKt33h79KfQwl6K3X6obHjymsO11mhHDK_aq7B-vkYtU1k_x_8XMnyWNiS51K_dekNL4gLltdD3apZs9mva1_hWUJDTXsugdqoa-mBxL3pREr-i5vSz3TkVPJfS6nJmV4isNI-hJLc/s1600/medicare.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkzBKt33h79KfQwl6K3X6obHjymsO11mhHDK_aq7B-vkYtU1k_x_8XMnyWNiS51K_dekNL4gLltdD3apZs9mva1_hWUJDTXsugdqoa-mBxL3pREr-i5vSz3TkVPJfS6nJmV4isNI-hJLc/s1600/medicare.jpe" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: 14.0pt; letter-spacing: -0.75pt;">Take advantage of Medicare preventative screenings and services in 2019. </span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: 14.0pt; letter-spacing: -0.75pt;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif; font-size: 14.0pt; letter-spacing: -0.75pt;">Here's
an update on some no or low cost preventive tests and services available for Medicare
Part B recipients under Medicare's Medicare Advantage Plans. </span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.75pt;"><br /></span><span style="font-size: 14.0pt; letter-spacing: -.75pt;">In most Medicare Advantage Plans , the free services include
various exams, lab tests, and screenings. Also included are vaccinations and programs for health assessment, as well as counseling and
education to guide you in caring for your own <span style="color: #990000;"><a href="https://financialstakes.blogspot.com/p/medicare-qadvantage-plans.html">health and well-being</a></span>. </span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.75pt;"><br /></span></span>
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.75pt;">Here are the <b>7 Medicare benefits for 2019 :</b></span></span></div>
<div style="line-height: 16.95pt; mso-line-break-override: restrictions; mso-line-height-rule: exactly; punctuation-wrap: simple; text-autospace: ideograph-other; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-line-break-override: restrictions; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><span style="mso-list: Ignore;">1.<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 14.0pt; letter-spacing: -.7pt;">Flu shots -- once a year. P</span><span style="font-size: 14.0pt; letter-spacing: -.6pt;">neumonia shots are also free.</span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><br /></span></span></div>
<div style="line-height: 15.05pt; margin-left: .5in; mso-line-break-override: restrictions; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><span style="mso-list: Ignore;">2.<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 14.0pt; letter-spacing: -.7pt;">Diabetes screening -- once a year, </span><span style="font-size: 14.0pt; letter-spacing: -.6pt;">or every six months for those at risk.</span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><br /></span></span></div>
<div style="line-height: 15.05pt; margin-left: .5in; mso-line-break-override: restrictions; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><span style="mso-list: Ignore;">3.<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 14.0pt; letter-spacing: -.7pt;">Cholesterol screening -- once every five years.</span><span style="font-size: 14.0pt; letter-spacing: -.6pt;"> This also includes test for
lipid, lipoprotein, and triglyceride levels.</span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><br /></span></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-line-break-override: restrictions; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.85pt;"><span style="mso-list: Ignore;">4.<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 14.0pt; letter-spacing: -.85pt;">Bone density measurement -- once every two years or more if you have
certain medical conditions or meet certain criteria.</span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.85pt;"><br /></span></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-line-break-override: restrictions; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="mso-list: Ignore;"><span style="font-size: 14pt;">5.</span><span style="font-size: xx-small;"> </span></span><span style="font-size: 14.0pt; letter-spacing: -.85pt;">Mammogram screening once a year for <span style="mso-spacerun: yes;"> </span>all women <span style="mso-spacerun: yes;"></span>with Medicare, <span style="mso-spacerun: yes;"></span>40 and older. <span style="mso-spacerun: yes;"> </span>Medicare covers one baseline mammogram for
women, 35 to 39.</span><span style="font-size: 14.0pt;"></span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.85pt;"><br /></span></span></div>
<div style="line-height: 15.25pt; margin-left: .5in; mso-line-break-override: restrictions; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><span style="mso-list: Ignore;">6.<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span></i><span style="font-size: 14.0pt; letter-spacing: -.65pt;">Prostate cancer screening -- once a year</span><span style="font-size: 14.0pt; letter-spacing: -.6pt;">. Annual PSA (prostate specific antigen) and a
digital rectal exam -- available to all male Medicare enrollees age 50 and older. Under medicare, y<i style="mso-bidi-font-style: normal;">ou pay 20% of the Medicare <span style="mso-spacerun: yes;"> </span>approved amount, and the Part B deductible
applies for the digital rectal exam. Your Medicare Advantage Plan or your
Medigap may cover a portion of all of the 20% and/or deductible.</i></span></span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt; letter-spacing: -.6pt;"><i style="mso-bidi-font-style: normal;"><br /></i></span></span></div>
<div style="line-height: 13.7pt; margin-left: .5in; mso-line-break-override: restrictions; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; punctuation-wrap: simple; text-autospace: ideograph-other; text-indent: -.25in; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: 14.0pt;"><span style="mso-list: Ignore;">7.<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span></span><span style="font-size: 14.0pt; letter-spacing: -.85pt;">Colonoscopy -- once every two
years for people at high risk, once every 10 years for others, or 48 months
after a previous flexible sigmoidoscopy.</span><span style="font-size: 14.0pt;"></span></span></div>
<div style="line-height: 13.7pt; mso-line-break-override: restrictions; mso-line-height-rule: exactly; punctuation-wrap: simple; text-autospace: ideograph-other; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></div>
<div style="line-height: 13.7pt; mso-line-break-override: restrictions; mso-line-height-rule: exactly; punctuation-wrap: simple; text-autospace: ideograph-other; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif; font-size: 14.0pt; letter-spacing: -0.85pt;">These services are mostly free because they re viewed as preventive steps and can effectively reduce the need for more intensive treatment or hospitalization. </span></div>
<div style="line-height: 13.7pt; mso-line-break-override: restrictions; mso-line-height-rule: exactly; punctuation-wrap: simple; text-autospace: ideograph-other; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></div>
<div style="line-height: 13.7pt; mso-line-break-override: restrictions; mso-line-height-rule: exactly; punctuation-wrap: simple; text-autospace: ideograph-other; vertical-align: baseline;">
<span style="font-family: "georgia" , "times new roman" , serif; font-size: 14.0pt; letter-spacing: -0.85pt;">Please
take advantage of them. Leave your comments below. of call (773) 614-3201 for a free consultation.</span></div>
Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-30046733072474586562019-02-15T10:25:00.000-06:002019-02-15T10:26:06.728-06:00Type 2 Diabetics Can Buy Life insurance <div class="MsoNormal" style="line-height: 15.7pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: .55in; margin-top: 11.95pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMYflMLU-xuZ8RdrqBhXQygKRAVinMAiXlbTcspugP7EWgwiXSOCofSlnRxpuofrmHk4UNp_IyOFE511MXQIXB6dk7-VgvusKigF6JlHKyUEo9B3MXk38T6edepxEi_Q8dKIA7Brm1D1I/s1600/senior+citizens.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="166" data-original-width="249" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMYflMLU-xuZ8RdrqBhXQygKRAVinMAiXlbTcspugP7EWgwiXSOCofSlnRxpuofrmHk4UNp_IyOFE511MXQIXB6dk7-VgvusKigF6JlHKyUEo9B3MXk38T6edepxEi_Q8dKIA7Brm1D1I/s320/senior+citizens.jpg" width="320" /></a><span style="height: 40px; margin-left: 81px; margin-top: 544px; mso-ignore: vglayout; position: absolute; width: 2px; z-index: 2;"><br /></span><!--[endif]--><!--[if gte vml 1]><v:line id="_x0000_s1028"
style='position:absolute;z-index:3;mso-position-horizontal-relative:page;
mso-position-vertical-relative:page' from="57.85pt,400.1pt" to="57.85pt,426.3pt"
strokeweight=".25pt">
<w:wrap anchorx="page" anchory="page"/>
</v:line><![endif]--><!--[if !vml]--><span style="height: 37px; margin-left: 76px; margin-top: 532px; mso-ignore: vglayout; position: absolute; width: 2px; z-index: 3;"><img height="37" src="file:///C:/Users/Cartrina/AppData/Local/Temp/msohtmlclip1/01/clip_image003.gif" v:shapes="_x0000_s1028" width="2" /></span><!--[endif]--><span style="color: black; font-family: "arial" , "helvetica" , sans-serif; letter-spacing: -0.15pt;">The diabetes
epidemic continues to garner headlines, with the emergence of Type 2 diabetes
among young people the most alarming. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: black; letter-spacing: -0.15pt;"><br /></span>
<span style="color: black; letter-spacing: -0.15pt;">The greatest increases in numbers of
total cases of diabetes in industrialized countries are, however, occurring
among elderly people. </span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: black; letter-spacing: -0.15pt;"><br /></span>
<span style="color: black; letter-spacing: -0.15pt;">This is because of the aging of the overall population
as well as a greater absolute increase in the prevalence of diabetes among
elderly people than among young people. </span></span></div>
<div class="MsoNormal" style="line-height: 15.7pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: .55in; margin-top: 11.95pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<span style="font-family: "arial" , "helvetica" , sans-serif; letter-spacing: -0.15pt;"><b>Diabetic Population in the U.S.</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; letter-spacing: -0.15pt;">People 65 years and older will make up
most of the diabetic population in the United States in the next 25 years. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="letter-spacing: -0.15pt;"><br /></span>
<span style="letter-spacing: -0.15pt;">More
alarmingly, the proportion of the diabetic population 75 years or older is
projected to exceed 30% in the United States in the next 50 years. </span></span></div>
<div class="MsoNormal" style="line-height: 13.6pt; margin-top: 12.05pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; letter-spacing: 0.4pt;"><b>Most Common Form of Diabetes</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: black; letter-spacing: 0.4pt;">Type 2 diabetes
is the most common form of diabetes. </span><span style="color: black; letter-spacing: 0.3pt;">In type 2 diabetes,
your body does not use insulin properly. This is called insulin resistance. At
first, the pancreas makes extra insulin to make up for it. </span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "verdana" , sans-serif; font-size: small;"><span style="color: black; letter-spacing: 0.3pt;"><br /></span></span>
<span style="font-family: "verdana" , sans-serif; font-size: small;"><span style="color: black; letter-spacing: 0.3pt;">But, over time, your pancreas isn't able to keep up and can't make enough insulin to keep your
blood glucose levels normal. Type 2 is treated with lifestyle changes, oral
medications (pills), and insulin.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="line-height: 13.4pt; margin-top: 13.75pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; letter-spacing: 0.4pt;">When glucose
builds up in the blood instead of going into cells, it can cause two problems:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-top: 13.35pt; mso-line-height-rule: exactly; tab-stops: .95in; vertical-align: baseline;">
<ul>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;">Right away,
your cells may be starved for energy.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;">Over time, high
blood glucose levels may hurt your eyes, kidneys, nerves or heart.</span></li>
</ul>
</div>
<div class="MsoNormal" style="line-height: 15.3pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: -4.5pt; margin-right: .6in; margin-top: 11.05pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; letter-spacing: 0.3pt;"><b>Control Type 2 Diabetes</b></span><br />
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; letter-spacing: 0.3pt;">Some people
with Type 2 can control their blood glucose with healthy eatng and being
active. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: black; letter-spacing: 0.3pt;"><br /></span>
<span style="color: black; letter-spacing: 0.3pt;">But, your doctor may need to also prescribe oral medications or insulin
to help you meet your target blood glucose levels. </span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: black; letter-spacing: 0.3pt;"><br /></span>
<span style="color: black; letter-spacing: 0.3pt;">Type 2 usually gets worse
over time - even if you don't need medications at first, you may need to later
on.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 15.3pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: -4.5pt; margin-right: .6in; margin-top: 11.05pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; font-size: small; mso-fareast-font-family: Tahoma;"><b>High Risk Groups</b></span><br />
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; mso-fareast-font-family: Tahoma;"><span style="font-size: small;">Some groups have a higher risk for
developing Type 2 diabetes than others. Type 2 diabetes is more common in
African Americans, Latinos, Native Americans, and Asian Americans/Pacific
Islanders, as well as the aged population.</span><span style="letter-spacing: .3pt;"><o:p></o:p></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: black; font-family: "verdana" , sans-serif; mso-fareast-font-family: Tahoma;"><span style="font-size: small;"><br /></span></span><span style="color: black; font-family: "verdana" , sans-serif; mso-fareast-font-family: Tahoma;"><span style="font-size: small;">Nevertheless, this condition does not prevent you from acquiring life insurance. Protect you loved ones. Don't be without life insurance. If you live in Illinois, call me at <b>(773) 614-3201 </b>to get a personally designed policy.</span></span></span></div>
<div class="MsoNormal" style="line-height: 15.7pt; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: .55in; margin-top: 11.95pt; mso-line-height-rule: exactly; vertical-align: baseline;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<br />Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-69767304256118599022018-12-21T07:23:00.000-06:002018-12-21T07:23:27.985-06:00Easy Way to Get Extra Help with Your Prescription Costs<div class="MsoPlainText">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaqw-BjH3F0AbM8qrLoDfzmWm3uYpJEyo0eUPbe3WseQzW7JSc6eaeSCX5xVh94j-k6HSD-3WyuzIxVylkZnBrmW0AD9ioxPz_JzemevzrgZPWGARf2fPCNXP9Mh2uFhaH915xKltjHr0/s1600/Extra+Help+1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaqw-BjH3F0AbM8qrLoDfzmWm3uYpJEyo0eUPbe3WseQzW7JSc6eaeSCX5xVh94j-k6HSD-3WyuzIxVylkZnBrmW0AD9ioxPz_JzemevzrgZPWGARf2fPCNXP9Mh2uFhaH915xKltjHr0/s320/Extra+Help+1.jpg" width="320" /></a><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;"></span><br />
<span style="font-family: "tahoma" , sans-serif;"><span style="font-family: "tahoma" , sans-serif; font-size: medium;">Even though the AEP (Anuual Enrollment Period) is over, you can still get help with your prescription costs. </span></span><br />
<span style="font-size: medium;"><span style="font-family: "tahoma" , sans-serif;"><span style="font-family: "tahoma" , sans-serif;"><br /></span></span>
<span style="font-family: "tahoma" , sans-serif;">In
times like these, every dollar counts. Some people qualify for big savings on
their Medicare prescription drug costs and don't even realize it. </span></span><br />
<span style="font-size: medium;"><span style="font-family: "tahoma" , sans-serif;"><br /></span>
<span style="font-family: "tahoma" , sans-serif;">In fact, if
you receive Medicare, you may be eligible for the Extra Help, which could save
you about $4,000 per year on your monthly premiums, annual deductibles, and <a href="http://financialstakes.blogspot.com/2013/02/5-ways-to-save-money-on-medicare.html">prescription co-payments.</a></span></span></div>
<div class="MsoPlainText">
<span style="font-size: medium;"><br /></span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: medium;"><b>Many
People Quality and Don’t Know-It </b><o:p></o:p></span></div>
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<span style="font-size: medium;"><span style="font-family: "tahoma" , "sans-serif";">To
qualify for Extra Help, you must be receiving Medicare, have limited resources
and income, and reside in one of the 50 states or the District of Columbia. </span></span><br />
<span style="font-size: medium;"><span style="font-family: "tahoma" , "sans-serif";"><br /></span></span>
<span style="font-size: medium;"><span style="font-family: "tahoma" , "sans-serif";">To
find out if you qualify, Social Security will need to know the value of your
savings, investments, real estate (other than your home), and your income. We
will also need information about you and your spouse, if you are married and
living </span><span style="font-family: "tahoma" , sans-serif;">together.</span></span></div>
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<span style="font-family: "tahoma" , sans-serif; font-size: medium;">Even
if you were previously turned down for Extra Help due to income or resource
levels, you should reapply. If you qualify, you'll get help paying for Medicare
prescription drug coverage premiums, co-payments, and deductibles. To qualify,
you must make less than $17,655 a year (or $23,895 for married couples). </span><br />
<span style="font-size: medium;"><span style="font-family: "tahoma" , sans-serif;"><br /></span>
<span style="font-family: "tahoma" , sans-serif;">Even
if your annual income is higher, you may still qualify for partial extra help.
Your resources must also be limited to $13,640 (or $27,250 for married
couples). Resources include bank accounts, stocks, and bonds, but not your
house or car.<o:p></o:p></span></span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: medium;"><b>How to Apply for Extra Help</b></span></div>
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<span style="font-size: medium;"><span style="font-family: "tahoma" , "sans-serif";">To get through the Extra Help process, call me at </span><span style="font-family: "tahoma" , "sans-serif";"><b>(773) 614-3201</b></span><span style="font-family: "tahoma" , "sans-serif";"> and I'll help you with the process. It will take only a few minutes. </span></span><br />
<span style="font-size: medium;"><span style="font-family: "tahoma" , "sans-serif";"><br /></span></span>
<span style="font-size: medium;"><span style="font-family: "tahoma" , "sans-serif";">Once you are determined to be qualified, you can choose either </span><span style="font-family: "tahoma" , sans-serif;">a Medicare
prescription drug plan or a Medicare Advantage Plan for your savings.</span></span></div>
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<span style="font-family: "tahoma" , sans-serif; font-size: medium;">Make
sure you aren't missing out on these easy savings. The sooner you call, the
sooner your savings begin.</span><br />
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<span style="font-family: "tahoma" , sans-serif; font-size: medium;">Any comments? Leave them below.</span></div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-30385743539532767162018-12-08T06:55:00.000-06:002018-12-08T06:55:27.738-06:00What You Need to Know About Your 2019 Medicare Benefits<table cellpadding="0" cellspacing="0" class="tr-caption-container zemanta-img" style="float: right; margin-right: 1em; text-align: right;"><tbody>
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<span style="font-size: large;">AEP is here. Know your 2019 Medicare benefits.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>AEP</b> stands for <b>Annual Enrollment Period</b>. It is the one time of the year you're allowed to make changes to your Medicare coverage, including your Prescription Drug Plan (Part D).</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">You will also learn about any changes to Medicare as well as changes to your Medicare Advantage Plan (Part C).</span><br />
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<span style="font-size: large;"><b>AEP</b> is from October 15th to December 7, 2018. This is the Medicare's Open Enrollment for 2019 begins and ends. It is your once a year opportunity for you to switch from a traditional Medicare plan to a private Medicare Advantage Prescription Drug plan (MA/MAPD) or vice versa and to disenroll from the MA/MAPD) and enroll in a Private Prescription Drug (PDP) plan.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Before the start of AEP, if you have a <span style="color: #660000;">MA/MAPD</span> you will be receiving two important documents the:</span><br />
<span style="font-size: large;"><b><br /></b><b>1. Annual Notice of Change (ANOC)</b>, which lets you know of any changes to your current health plan for the upcoming year</span><br />
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<span style="font-size: large;"><b>2. Evidence of Coverage (EOC),</b> which provides details about your health plan, including what it covers and how much you will pay for health care for the coming year.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">They should have been in your mailbox by September 30th.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">If you are pleased with your Medicare Advantage coverage, you don't need to do anything. Your coverage will automatically renew for another year.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">If you have any questions about AEP and need a <b>free consultation </b>simply call (773) 614-3201 or e-mail me at bwillbar@gmail.com. I'm ready to help you.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The <b>Annual Enrollment Period</b> has come to an end. However, there is an <b>Open Enrollment Period </b>coming up on January 1, 2019 where you can change to another <b>Medicare Advantage Plan </b>or to return to traditional <b>Medicare</b>, and choose both a <b>Prescription Drug Plan</b>, and a <b>Medicare Supplement Plan</b>. Detail on this in my next blog. Look for it. </span><br />
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-70844382803620842912018-07-07T14:32:00.000-05:002018-07-07T14:35:23.957-05:00Stop! Don’t’ Get Ripped off by Funeral Directors<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju2DCX_0jFXd1MiY-tWA07MXFMslJmWjp5o3kWtHqB3uOmknhJlqm6FXfD-3i6DSDueiMfVtgOvrGkBJIuvsWRao62syn1iQJgCSRiAiL5qsSPV5rJjWrURSP5v0bOVajcw5aKgcNacuk/s1600/Black+seniors.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="198" data-original-width="300" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju2DCX_0jFXd1MiY-tWA07MXFMslJmWjp5o3kWtHqB3uOmknhJlqm6FXfD-3i6DSDueiMfVtgOvrGkBJIuvsWRao62syn1iQJgCSRiAiL5qsSPV5rJjWrURSP5v0bOVajcw5aKgcNacuk/s400/Black+seniors.jpg" width="400" /></a><span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">Funeral directors are
first and foremost businessmen. They are in business to make a profit.<o:p></o:p></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 18.0pt;">While the title of this article may
appear to incriminate funeral directors, it is not meant to do so. In fact,
what I do is of great benefit to funeral directors. </span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 18.0pt;">Most of them are honest and
are trying to make a good living for themselves and their families. However, at
the time of a funeral, the surviving family members are in a highly emotional
state and are vulnerable to being ripped off for thousands of dollars.</span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">What is necessary is for
the survivors to have a third-party to handle the funeral arrangements <i>free
of charge</i>. This is in addition to having a <b><i><a href="http://financialstakes.blogspot.com/2013/08/dont-be-without-this-policy.html">Final Expense Plan</a></i></b> for
your parents or grandparents in place. </span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">It is important for them
to clearly state how they want their funeral to be handled by the third party.
The survivors would then have the option to use the third-party who would have
previously received the information directly from the deceased family member
and could proceed to get the funeral arrangements in motion.</span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">So, in summary, here are
3 things that should be in place.</span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">1. The chosen third
party services must be <i>totally free.</i> It must not be a lawyer,
or any other professionals who would charge you.</span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">2. The third party must
have the information directly from the deceased family member who stated clearly,
when living, how he or she wanted the funeral arrangements to be done as well
as how much should be paid for the funeral.</span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">3. The surviving family
members must have been informed by the deceased family members that they
preferred the third-party to make the funeral arrangements and know how to
contact the third party.</span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">As a financial
consultant this is exactly what I do for Illinois residents <i>free of
charge</i>. I take away the need to identify and negotiate with funeral
directors. </span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;"><br /></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">I make it easy for the surviving family member to experience a
satisfactory ending with the beloved family members and to deal with the normal
grief period that all of us have to go through.</span><span style="color: black; font-family: "times new roman" , "serif"; font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 18.0pt;">If this benefit sounds
useful to you call (773) 614-3201 or e-mail me at bwillbar@gmail.com.</span></div>
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<br />Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-6900907696831852042018-06-16T08:05:00.000-05:002018-06-16T08:05:09.970-05:00Plan Now for your Children's College Education<div style="text-align: right;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXwUk9WqFQqdKjhAOwXglhXzULSedUzgJhob5Ct23JgQHHlipsyqRTdcS93pEzwa5OZeJzyb9SR78gT-m2lyKeTyhyphenhyphenDTfVy9ZYAXsmvInL_IRY7VLYkF_cSqJPXMZovTKYKIfEhWWuGfg/s1600/Another+Black+child+studying+1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="175" data-original-width="200" height="350" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXwUk9WqFQqdKjhAOwXglhXzULSedUzgJhob5Ct23JgQHHlipsyqRTdcS93pEzwa5OZeJzyb9SR78gT-m2lyKeTyhyphenhyphenDTfVy9ZYAXsmvInL_IRY7VLYkF_cSqJPXMZovTKYKIfEhWWuGfg/s400/Another+Black+child+studying+1.jpg" width="400" /></a><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">An <b>advisor for college</b> whose role is to help parents and grandparents to save money for your youngsters’ education should focus on at least two areas: 529 plans and life insurance.</span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">529 plans were conceived as an opportunity for parents and grandparents to save money for their children or grandchildren’s college education. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">They were created by Congress in 1996 to be offered by each state.</span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">The number 529 reflects the section of the IRS code. It offers a chance for these funds to be put into investment vehicles (including stocks and bonds) in which the returns on the investment can be realized free of federal income taxes. If allowed by your state, your investments may be deductible from your state income taxes. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<b><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">529 Plans </span></b></span><br />
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">In that 529 plans are an investment decision, the return on your investment is subjected to the vagaries of the stock market cycles. In recent years returns on many of these investments have been non-existent or negative. Such a situation can easily jeopardize your youngster’s college education. </span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">While 529 plans remain a viable option for concerned family members, what’s often not taken into consideration is what if the parent or grandparent meets an untimely death. At that point the contribution comes to an abrupt halt although the costs of a college education continue to rise faster than the rate of inflation. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">If a 529 plan is chosen, then a life insurance plan covering the contributor to the 529 plan is essential. Either a whole life plan or a universal life insurance plan would be appropriate. A term life plan should not be chosen. It offers no cash build up and it’s just limited to a specific number of years. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<b><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Whole Life and Universal Life Insurance Plans </span></b></span><br />
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">Both a <a href="http://financialstakes.blogspot.com/2015/11/whole-life-term-or-universal-life-how.html">whole life plan and a universal life plan</a> offer a tax-free build-up and will not count against the assets evaluated in determining the student’s college financing package. An equally important feature and perhaps the most important, is the death benefit. If the contributor dies prematurely, then their effort to provide for the youngster’s college education would be self-completing. </span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">If you as a parent want to build up a college education fund for your children and have a hundred dollars to invest monthly, it would make sense to invest $25 a month in your 529 Plan and $75 per month your whole life insurance plan. The choice is yours. The return on your $25 per month is totally uncertain, that includes both you principal and your interest. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">All whole life plans which I am familiar with offers you both a guaranteed return and a non-guaranteed return plus the death benefit which would go to your child in the event of an untimely death. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Keep in mind that the 529 plan has no death benefit, and is therefore, not self-completing. </span></span><br />
<span style="font-size: large;"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;">Are you concerned about college educational planning for your child or grandchild? </span></span><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">Leave your questions below.</span><br />
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-91923100584709916612018-05-25T23:43:00.000-05:002018-05-25T23:43:11.967-05:006 Crucial Estate Planning Tips <div style="text-align: right;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGN3FpSPHAX6A56dSiggoj0z6l8ytF5WSN9D3FfZvAtREQ5NcGbqs_L01YkM1J-4K0KApy8jhOXNO1zPXgm6i-L2LNcEI37MGudRiuHi-ZJmlj8PX3VsNRhHMUP9c9YbTdRAEWRMkCbYE/s1600/Extra+Help+1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="225" data-original-width="225" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGN3FpSPHAX6A56dSiggoj0z6l8ytF5WSN9D3FfZvAtREQ5NcGbqs_L01YkM1J-4K0KApy8jhOXNO1zPXgm6i-L2LNcEI37MGudRiuHi-ZJmlj8PX3VsNRhHMUP9c9YbTdRAEWRMkCbYE/s400/Extra+Help+1.jpg" width="400" /></a></div>
<div style="text-align: justify;">
<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Estate planning isn't just for the wealthy. It is to make sure your family is taken care of if something happens to you.</span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="font-family: Verdana, sans-serif; font-size: medium;"><br /></span>
<span style="font-size: medium;"><span style="font-family: Verdana, sans-serif;">The basic pieces of estate planning are a Will, </span><span style="font-family: Verdana, sans-serif;">a Living Will or Durable Power of Attorney, </span><span style="font-family: Verdana, sans-serif;">a Revocable Trust, Life insurance, and </span></span></span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Long Term Care. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><b>1. The Will </b></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">The most important part of your estate plan is your will. It names your heirs -- the people you want to receive your money and possessions after you die. If you have children or dependents, a Will also names the person you want to take care of them.</span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="font-family: Verdana, sans-serif; font-size: medium;"><br /></span>
<span style="font-family: Verdana, sans-serif; font-size: medium;">In most states, you need a lawyer to create a will, but it needn't be very expensive. If you die without a will, the state will decide who will get your assets, your money and who will take care of your children. </span></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><b>2. The Living Will or Durable Power of Attorney </b></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">A Living Will or Durable Power of Attorney (POA) says what types of medical treatment you want (or don't want) if you get sick and cannot talk to the doctor. This document also states that you give someone permission to make decisions about your money and property if you are not able to make them yourself. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><b>3. Health Care Directive </b></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">This document is also frequently referred to as a Living Will. With this document, you name a person who will make decisions about your health care if you are personally unable to make those decisions. Be sure your doctor has a copy of your health care directive.</span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="font-family: Verdana, sans-serif; font-size: medium;"><br /></span>
<span style="font-family: Verdana, sans-serif; font-size: medium;">Although you may have both documents, keep in mind that they may conflict since the Health Care Directive allows another to make decisions while the Living Will already states what is to be done. Absent statutory or document direction, healthcare providers may experience a conflict as to what to do. </span></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><b>4. The Revocable Trust </b></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">In incorporating a Revocable Trust into your estate plan, don't forget to update all the account titling into the name of the trust. Not changing titles creates problems. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Moreover, never name a financial institution as successor executive/trustee after surviving spouse or instead of a surviving spouse. In some cases, this is to the detriment of the spouse and other beneficiaries because large institutions usually follow their fiduciary responsibilities with a less personable approach that another trustee could provide. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Finally, just having a will just about guarantees probate which can cost approximately 3% of your estate. A properly drafted and funded trust-based plan (seriously consider <a href="http://financialstakes.blogspot.com/2011/07/little-known-but-valuable-way-of-owning.html"><span style="color: #990000;">a land trust </span></a>if your state laws allow for it) can avoid probate and protect your beneficiaries from predators and creditors. It can also incorporate sophisticated tax planning so that you can avoid or reduce estate tax liability. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><b>5. Life Insurance </b></span></div>
<div>
<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Do not name minor children outright as primary or contingent beneficiaries of life insurance or retirement plans. When children are named as primary or contingent beneficiaries a court must appoint a guardian who then must be bonded and file a laborious annual accounting with the local court. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Also, with regards to beneficiaries, it is important to remember to change the beneficiary in the event of a divorce or death. And never name a special needs child or a grandchild directly as beneficiary. Instead, use a trust for the benefit of the child. If you list a child as a direct beneficiary, you affect the child's eligibility for Social Security disability benefits. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><b>6. Long-term Care Insurance (LTCi) </b></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Long-term care can be a wise investment. If you become unable to perform routine daily functions such as dressing yourself then <a href="http://financialstakes.blogspot.com/2011/11/guide-for-long-term-care-insurance.html" style="color: #990000;">long-term care</a> will pay the expense for someone to help you whether in your home or elsewhere. LTCi will also protect your assets, so that you have something left in your Will to direct to your heirs.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Now its your turn. How much importance do you put on estate planning. Do you think that any one of these steps are more important than another?</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Leave your comments below. </span></div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com1tag:blogger.com,1999:blog-8403155582170324509.post-88695631916416265772018-05-22T12:23:00.000-05:002019-05-30T21:40:35.017-05:007 Key Health Insurance Terms You Always Need to Know<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiirkKc6bpK3pyBEOfEFBnAGEH7u-Dr6cl-YuNiz62U2-1CMvUtgY3t-VLX7_Iv1dwys7Nw4S6NAPpWGFYmAm7iUPCts9BuoaSSG_FUuhryqXQhLYf1HJ72ozVJ2h-qb0K3s591CtWjmD4/s1600/Health+Care+Terms+3.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiirkKc6bpK3pyBEOfEFBnAGEH7u-Dr6cl-YuNiz62U2-1CMvUtgY3t-VLX7_Iv1dwys7Nw4S6NAPpWGFYmAm7iUPCts9BuoaSSG_FUuhryqXQhLYf1HJ72ozVJ2h-qb0K3s591CtWjmD4/s1600/Health+Care+Terms+3.jpe" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">Forget Obamacare. It is falling apart fast and in the process of being replaced by Congress and the President. </span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span>
<span style="font-family: "georgia" , "times new roman" , serif;">Affordable health
insurance is coming soon and knowing the meaning of key health insurance terms is essential whether</span><span style="font-family: "georgia" , "times new roman" , serif;"> you are comparing policies, or need to know what to ask an agent.</span></span><br />
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">Below is
a list of key health insurance terms to help you understand more about
what your health insurance plan has to offer.</span><br />
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<span style="font-family: Georgia, Times New Roman, serif;"><span style="font-size: medium;"><br /></span>
<span style="font-size: medium;"><b><span style="color: black; font-family: "georgia" , "serif";">1. Deductible</span></b><span style="font-family: "times new roman" , "serif";"></span></span></span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">The
deductible refers to the amount of money that you need to
pay before any benefits from the health insurance policy is paid. This is
usually a yearly amount. Consequently, when the policy starts again, usually
after a year, the deductible would be in effect again. Some services, like
doctor visits, may be available without first meeting the deductible. Usually
there are separate individual deductible amounts and total family deductible
amounts.</span></div>
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<b><span style="color: black; font-family: Georgia, Times New Roman, serif; font-size: medium;">2. Co-insurance</span></b><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">This is
usually a percentage amount that is your responsibility to pay. A
common co-insurance split is 80/20. This means that the insurance company will
pay 80% of the procedure and you are required to pay the other 20%.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"><b><span style="color: black; font-family: "georgia" , "serif";">3. Co-payments</span></b><span style="font-family: "times new roman" , "serif";"></span></span><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">Co-payment
is a fixed amount that you are required to pay at the time of service. It is
usually required for basic doctor visits and when buying prescription
medications.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"></span></div>
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<b><span style="color: black; font-family: Georgia, Times New Roman, serif; font-size: medium;">4. Out-of-Pocket</span></b><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">This is
the cost you would pay out of your own pocket which can refer to how much the
co-payment, coinsurance, or deductible is. Also, when the term annual
out-of-pocket maximum is used, it is referring to how much the insured would
have to pay of their pocket, excluding premiums, for the whole year.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"></span></div>
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<b><span style="color: black; font-family: Georgia, Times New Roman, serif; font-size: medium;">5. Lifetime
Maximum</span></b><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">This is
the most amount of money the health insurance policy will pay for your entire
life. Pay attention to individual lifetime maximums and family lifetime
maximums as they can be different.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"></span></div>
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<b><span style="color: black; font-family: Georgia, Times New Roman, serif; font-size: medium;">6. Exclusions</span></b><br />
<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;">The
exclusions are the procedures that the insurance policy will not cover. </span></div>
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<span style="font-family: Georgia, Times New Roman, serif; line-height: 200%;"></span></div>
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<span style="font-family: Georgia, Times New Roman, serif;"><span style="font-size: medium;"><br /></span>
<span style="font-size: medium;"><span style="color: black; line-height: 200%;"><b>7. Pre-existing Conditions</b></span><span style="line-height: 200%;"></span></span></span></div>
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<span style="color: black; font-family: Georgia, Times New Roman, serif; font-size: medium;">This is
something you had before obtaining the health insurance policy. Some plans will cover
pre-existing conditions while others may completely exclude them. Then again, some
health insurance plans will cover pre-existing conditions after a certain time
period.</span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"><br /></span></div>
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<span style="font-family: Georgia, Times New Roman, serif; font-size: medium;"><br /></span></div>
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<span style="color: black; font-family: Georgia, Times New Roman, serif; font-size: medium;">Any
comments or questions? Leave them below. </span></div>
Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-20255220525112456302018-05-19T20:28:00.000-05:002018-05-19T20:57:40.750-05:00How to Acquire a Home and Build Equity Even with Poor Credit<div style="text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkTntsfU6VEIsJotiaRxMxiCDZpgl2dmn5ZW3zTIyx8ObMkuddvWLWyCvqV3uACrtzVeOL_dzeCC43yWB5NYVpKa655g344c4PRmTiNHphYaRJNM-8IaOMyAY4pDaroCuT1YkDHg3nIeg/s1600/sfhomes.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="132" data-original-width="143" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkTntsfU6VEIsJotiaRxMxiCDZpgl2dmn5ZW3zTIyx8ObMkuddvWLWyCvqV3uACrtzVeOL_dzeCC43yWB5NYVpKa655g344c4PRmTiNHphYaRJNM-8IaOMyAY4pDaroCuT1YkDHg3nIeg/s400/sfhomes.jpe" width="400" /></a><span style="font-family: "times new roman" , "serif"; font-size: large;">Until recent years, if you had a middle score of 520 or even as low as 500, you could qualify for mortgage. For example if your Experian score was 513, your TransUnion score was 522, and your Equifax score was 507, your middle score would be 522. </span><br />
<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";"><br /></span>
<span style="font-family: "times new roman" , "serif";">That would be the score the mortgage company would use to set up your mortgage financing. </span></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-family: "times new roman" , "serif"; font-size: large;">Because of this low score, you may have had to accept a higher interest rate, come up with a higher down payment, or our accept a lower loan-to-value if you are refinancing, but you could still would have gotten your financing done.</span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: large;">Now, you must have a middle score of at least 620 to even get considered.</span><br />
<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";"><br /></span>
<span style="font-family: "times new roman" , "serif";">And along with the need for a higher score, the interest rate for a conventional loan is 4.12%. And, for a FHA loan the current interest rate is 3.75 % if you and the property meets the qualifications. Both of these rates require specific down payments and closing costs. </span></span></div>
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<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";"><br /></span>
<span style="font-family: "times new roman" , "serif";">Nevertheless, despite these mortgage requirements, you still have a chance to acquire your home and build equity. You just need a higher level of sophistication and be willing to carry out your search either with or without a realtor. </span></span><br />
<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";"><br /></span>
<span style="font-family: "times new roman" , "serif";">Here are some choices:</span></span></div>
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<span style="font-size: large;"><b><span style="font-family: "times new roman" , "serif";">Rent with an Option to Buy.</span></b><span style="font-family: "times new roman" , "serif";"> <br />
Many sellers are realizing that buyers are having more difficulty qualifying for a mortgage, but have a steady job, adequate income, and some savings. This type of buyer would make a good candidate for Rent with an Option to Buy.</span></span></div>
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<span style="font-size: large;"><b><span style="font-family: "times new roman" , "serif";">Contract for Deed</span></b><span style="font-family: "times new roman" , "serif";"> <br />
This is often referred to as buying on an installment contract or just buying on contract. This as another option for the similar type of buyer, but gives the buyer more rights while living in the property.</span></span></div>
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<span style="font-size: large;"><b><span style="font-family: "times new roman" , "serif";">Seller Financing</span></b><span style="font-family: "times new roman" , "serif";"> <br />
On occasion a seller might have a need to move because of a death in the family, a need to relocate for employment purposes, or just tired of the property and the location. If the property has a low mortgage balance or a non-existent one, the owner may be receptive to a wraparound mortgage. </span></span><br />
<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";"><br /></span></span>
<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";">In a situation like this, the owner may agree to an amount which will wrap around his current monthly mortgage payment as well as a give him a profit.</span></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: large;">The details covering the owner and buyer obligations are very important and it would be wise to consult a real estate lawyer to review the agreement.</span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: large;">Finding these types of sellers will require persistence and follow through. These types of sellers generally advertise in the classified sections of the local newspapers. </span><br />
<span style="font-size: large;"><span style="font-family: "times new roman" , "serif";"><br /></span>
<span style="font-family: "times new roman" , "serif";">They are receptive to your calls and offers and although they may be tough negotiators, it is possible to have a meeting of the minds. The key is being diligent and persistent.</span></span></div>
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Almost ready to make a decision? E-mail me at wwillbar@gmail.com or call (773) 614-3201</span></h6>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-86168812468931904712018-05-15T23:43:00.000-05:002018-05-16T09:14:28.720-05:00Don't Buy Health Insurance Until You Read This<div style="text-align: right;">
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<tr><td class="tr-caption" style="text-align: center;"><a href="http://financialstakes.blogspot.com/p/your-dental-plan.html">Keep Regular Dental Visits</a></td></tr>
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<span style="font-size: large;">It has been said that the best health insurance is moderation. </span><br />
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<span style="font-size: large;">However, even though you may be conscientious enough to get a regular physical examination, you may unexpectedly experience symptoms that may require you to get an urgent examination to find out what’s going on and to get treatment.</span><br />
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<span style="font-size: large;">If hospitalization is necessary, then you have to get admitted. To meet these expenses without insurance can wreck havoc on your bank account. </span><br />
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<span style="font-size: large;">According to the National Association of Health Underwriters, only 5 percent of Americans get their health coverage from an individual health insurance policy. Individual health insurance is a type of health care coverage that is provided to individuals rather than to employers or organizations. It can be sold to an individual or to a family. </span><br />
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<span style="font-size: large;">There are 4 major advantages to choosing an <b><i>individual health insurance plan</i></b> rather than employer-based coverage: </span><br />
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<li><span style="font-size: large;">You can customize your coverage, where employer-based coverage may provide limited options. </span></li>
<li><span style="font-size: large;">You have the freedom to pursue better rates with other companies. </span></li>
<li><span style="font-size: large;">Depending on your circumstances, it may be more affordable than employer-based health insurance, particularly if you're paying for coverage via COBRA. </span></li>
<li><span style="font-size: large;">It's not dependent on an employer. Individual health insurance plans protect you no matter where you work.</span></li>
</ol>
<span style="font-size: large;">Maintaining health insurance coverage doesn't have to cost a fortune and <span style="color: #660000;"><a href="http://financialstakes.blogspot.com/p/your-dental-plan.html">neither does dental insurance.</a></span><span style="color: #660000;"> </span>Here are a few ways to help keep your health insurance premiums low: </span><br />
<ol>
<li><span style="font-size: large;">Costs can vary widely depending on the insurer, sometimes by as much as 50 percent for similar plans. Make sure you shop around. </span></li>
<li><span style="font-size: large;">The higher your deductible, the lower your monthly premium. You'll be responsible for more out-of-pocket costs should you need to file a claim, but the money you save on your premium may be well worth the risk. </span></li>
<li><span style="font-size: large;">Keeping yourself healthy can save you money on health insurance costs. Excess weight or tobacco and alcohol usage will drive up your premium. </span></li>
<li><span style="font-size: large;">If a member of your family isn't in perfect health or is of advanced age, it may be more affordable to purchase separate health insurance plans.</span></li>
</ol>
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<span style="font-size: large;">Protect yourself and your family with the health insurance coverage you deserve.</span><br />
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<span style="font-size: large;">Any comments? Leave them below. For a free consultation, call (773) 614-3201 or e-mail me a bwillbar@gmail.com. <b><br /></b></span><br />
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com1tag:blogger.com,1999:blog-8403155582170324509.post-14019961116358551492018-04-30T11:53:00.000-05:002018-06-16T07:58:06.572-05:00Whole life, Universal Life, or Term - How to Decide What's Best for You<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG_OJrEC4382AAI4yGoC7-UhKHbph2Fo2hWNoI3JJM8jXC2KxwaztAZmbkJH7nbdhta_l8_UxHIehCrGxaRfJWKqb6ibPt8gMNNWj0ReTfFPvLZsgu26J0HqkgTJBGewNSUZSY06Ko3ZA/s1600/Life+Insurance.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG_OJrEC4382AAI4yGoC7-UhKHbph2Fo2hWNoI3JJM8jXC2KxwaztAZmbkJH7nbdhta_l8_UxHIehCrGxaRfJWKqb6ibPt8gMNNWj0ReTfFPvLZsgu26J0HqkgTJBGewNSUZSY06Ko3ZA/s400/Life+Insurance.jpe" width="400" /></a><span style="font-family: "times new roman" , "serif"; font-size: large;">A whole life insurance policy covers you for your entire life. Your death benefit and premium in most cases remain the same. </span><br />
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<span style="font-family: "times new roman" , "serif";">Whole life also builds cash value, which is a return on a portion of your premiums that the insurance company invests. This tax-deferred cash value can be borrowed to help finance your children's education and is self-completing if either parent unfortunately experience an untimely death. </span></span></div>
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<span style="font-family: "times" , "times new roman" , serif; font-size: large;"><b>Whole Life</b></span><br />
<span style="font-family: "times new roman" , "serif"; font-size: large;">A whole life insurance policy may be used as a part of your estate planning. Consequently, <a href="http://financialstakes.blogspot.com/2013/08/dont-be-without-this-policy.html">whole life insurance is a good choice </a>for you if you want to ensure that you have a life insurance policy in place for your entire lifetime and can comfortably afford the premiums, </span><br />
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<span style="font-family: "times new roman" , serif;">While whole life insurance is designed to provide coverage on the insured for the insured's entire life as long as the premiums are paid and the policy has not been surrendered, </span></span><br />
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<span style="font-family: "times new roman" , "serif"; font-size: large;"><b>Universal Life</b></span><br />
<span style="font-family: "times new roman" , "serif"; font-size: large;">Universal life is a type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element, like whole life insurance, which is invested to provide a cash value buildup. </span><br />
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<span style="font-family: "times new roman" , "serif"; font-size: large;">The death benefit, savings element and premiums, can be reviewed and altered as a policyholder's circumstances change. </span><br />
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<span style="font-family: "times new roman" , "serif";">In addition, unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums.</span></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: large;">Universal life insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. </span><br />
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<span style="font-family: "times new roman" , "serif"; font-size: large;">Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. </span><br />
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<span style="font-family: "times new roman" , "serif";">For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums.</span></span></div>
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<b><span style="font-size: large;">Universal Life and Whole Life Compared</span></b><br />
<span style="font-family: "times new roman" , "serif"; font-size: large;">Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly. As an example, the <b>Indexed Universal Life</b> may base the performance of its cash values on one of several indices, including the S & P 500 or the Dow Jones Industrial Averages. </span><br />
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<span style="font-family: "times new roman" , "serif";">Moreover while it provides an opportunity for growth, it has guaranteed returns and provides considerable stability. In that it provides both growth potential and a safety net, it is excellent for college planning or retirement supplemental planning.</span></span><br />
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<span style="font-size: large;"><span style="font-family: "times new roman" , serif;"><b>Term Life</b></span></span></div>
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<span style="font-family: "times new roman" , serif; font-size: large;">Term life insurance provides coverage only for a fixed period 10, 15, 20, or 30 years, as stated in the policy. And, it has no cash build up. While it can be extremely affordable for a person in good health up to the age of fifty. After that age, the premiums start to get progressively more expensive. </span></div>
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<span style="font-family: "times new roman" , serif; font-size: large;"><br /></span><span style="font-family: "times new roman" , serif; font-size: large;">Term should be purchased if you only need insurance for a specific period of time, such as if you want an outstanding fifteen or thirty year mortgage balance paid off in the event of an untimely death.</span></div>
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<span style="font-family: "times new roman" , "serif";">Any comments on the needs for life insurance? Leave them below. If you need a quote, call (773) 614-3201.</span></span></div>
Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-48329165765819490742018-04-13T20:28:00.000-05:002018-04-19T07:57:51.672-05:0011 Rules for Reading any Insurance Policy<div class="MsoPlainText">
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<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: large;">I know you don't like to read your insurance policies, but let's face it you do need to. You're paying for them and you may eventually need to make a claim. </span></span><br />
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<span style="font-family: "georgia" , "times new roman" , serif;">Rarely do insurance brokers, even those who have been in the business for decades, take the time to <a href="http://financialstakes.blogspot.com/2015/06/quick-guide-to-buying-best-homeowners_23.html">read an entire policy.</a> </span></span><br />
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<span style="font-family: "georgia" , "times new roman" , serif;">When they do so, they are generally seeking a specific answer or researching a problem -- undertakings that require them to review only individual parts of the coverage form and/or its applicable endorsements to determine the required answer or opinion.</span></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Whether reading an entire policy or only sections, these <b>11 Rules</b> can be applied in reading the policy form to make finding the needed answer easier and quicker.<o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">These are not shortcuts to reading the policy, as there is no shortcut to reading any legal document, just pointers towards correct policy interpretation and application. Here are the <b>11 Rules for Reading any Insurance Policy</b>:<o:p></o:p></span></div>
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<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Ascertain who qualifies as an insured.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Confirm that all Forms and Endorsements are attached.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Read the Insuring Agreement first</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Read the Exclusions.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Read the Exceptions to the Exclusions.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> When the policy refers to another section, read that section immediately.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Pay attention to the conjunctions used in a list.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Pay attention to key words and phrases.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Read and understand the Definitions of Specifically Defined Terms.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Understand and make sure all the policy conditions have been met.</span></li>
<li><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Confirm the coverage limits are adequate for the loss.</span></li>
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<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Do you have any questions concerning any of your policies, email me your questions. </span></div>
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<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">If you have any comments, leave them below. </span></div>
Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-55913672459533274092018-03-24T08:05:00.000-05:002018-03-24T08:05:45.296-05:00Forgotten Health Care Coverage You Need to Include<span class="zemanta-img separator" style="clear: right;"><a href="http://commons.wikipedia.org/wiki/File:User-Integra-lifter1.jpg" style="clear: right; display: block; float: right; margin-left: 1em; margin-right: 1em;"><img alt="Patient lift for safe patient handling. The In..." src="https://upload.wikimedia.org/wikipedia/commons/thumb/3/3f/User-Integra-lifter1.jpg/300px-User-Integra-lifter1.jpg" height="392" style="border: none; font-size: 0.8em;" width="300"></a><span class="zemanta-img-attribution" style="clear: both; float: right; margin-left: 1em; margin-right: 1em; width: 300px;"><a href="http://commons.wikipedia.org/wiki/File:User-Integra-lifter1.jpg"></a></span></span><br />
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When shopping for health insurance, <b>disability insurance</b> is often forgotten. You you need health insurance and <i>it remains the most important coverage for you and your family</i>. Anyone can become sick or hurt unexpectedly.<br />
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Whether you are employed or a small business owner, you can become sick or hurt, unable to generate an income, and find yourself financially devastated. Disability insurance is what's necessary.<br />
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<b>Protection of Disability Insurance </b><br />
Disability insurance is designed to protect you from such a dire situation. According to the Social Security Administration, 70% of the private sector work force has no long term <b>disability insurance</b>. Moreover, 3 on 10 workers entering the work force today will become disabled before retiring. Without a doubt, most people own life insurance to provide income for their loved ones in the event of a premature death. However, death due to the big three: hypertension, heart disease, and diabetes have dropped by 32%. Disabilities due to these conditions are up by 55%.<br />
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<b>Features of Disability Insurance </b><br />
How then can disability insurance provide the type of protection you need. The benefits for this type of insurance will help cover monthly living expenses when you are sick or hurt and unable to work. If you are a small business owner, disability insurance will cover your monthly business overhead expenses until you return. This premium is tax-deductible for the small business owner.<br />
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Here are three important things to consider when pondering the purchase of disability insurance:<br />
<ol>
<li>Age is a primary factor in determining the premium</li>
<li>Most disability policies are issued for clients between the ages of 18 and 60.</li>
<li>And, depending on your case, financial documents may be required.</li>
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Knowing this ahead of time will make the process move smoothly and satisfactorily.<br />
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Call (773) 614-3201 for a <b><i>free consultation</i></b> or leave your e-mail address to learn more about disability insurance or a <a href="http://financialstakes.blogspot.com/2012/10/how-to-choose-best-medicare-supplement.html">medicare supplement plan</a>. if you are receiving Medicare. </div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-48338278366516364332018-03-21T08:10:00.000-05:002018-03-21T08:10:00.118-05:00How to Choose the Best Medicare Supplement Plan for 2018<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiycsv1YTJj3VGFrRglUFXQ_RdshtGyPQ0CWf-gG-ET1EoPctF80C2_dBT6T-_BFBm5wyGL6lrW5kqmjF0NfSQZ2GEZ6yHedWIh-mrmF6FHDZSxBIMy_tNthlFaK_bNrULDqZPgRkwnl60/s1600/Health+Care+Terms+2.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiycsv1YTJj3VGFrRglUFXQ_RdshtGyPQ0CWf-gG-ET1EoPctF80C2_dBT6T-_BFBm5wyGL6lrW5kqmjF0NfSQZ2GEZ6yHedWIh-mrmF6FHDZSxBIMy_tNthlFaK_bNrULDqZPgRkwnl60/s320/Health+Care+Terms+2.jpe" width="320" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;">The Medicare Supplement Plans, sometimes called Medigap Plans, were required in August 1, 1992 to become standardized. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">That means that all companies that sell these Plans have to sell the exact same type of Plan.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Original Medicare has significant deductibles and coinsurance features that you as a Medicare recipient are required to cover.</span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">What Med Supp was Designed For </span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">If you don’t have adequate personal finances to do so and you experience a serious illness and have to be hospitalized, you may find yourself in bankruptcy. The Medicare Supplement Plans were designed to address this type of situation.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">After the recent revision in 2010 of the Medicare Supplement Plans, the new Plans are identified by these numbers – – Plan A, B, C, D, F, G, K, L, M, and N.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Take these factors into consideration when you make your choices. <b>The most popular Medicare Supplement Plans for 2018 are Plan F, N, and G. </b></span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Plan F Medicare Supplement Plan</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The best Medicare Supplement Plan is Plan F. This Plan pays 100% of the gaps in coverage left by Medicare and covers you quite well. With this Plan, and there are no co-pays, no deductibles, and no coinsurance. You also have the ability to go any doctor or hospital in the U.S. that accepts Medicare. </span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Plan G Medicare Supplement Plan</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The second best Medicare supplement plan is Plan G. Plan G offers all the same coverage as Plan F, although plan G has an annual deductible, it often costs about $300 less per year in premium, so the savings can be worth it if you don’t mind paying the deductible each year at your first doctor visits. </span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Plan N Medicare Supplement Plan</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The third popular plan for 2018 is Medicare Supplement Plan N. This Plan is similar to Plan G in that it also has a deductible. But it also requires a co-pay for office visits and a co-pay for ER visits. However, the ER co-pay can be waived if you are admitted to a hospital. </span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Plan G - The Best Medicare Supplement Plan</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">I think that the best Medicare Supplement plan overall for 2018 is the Plan G. Plan G offers you the best value for your money. After the annual deductible Plan G gives you the convenience of no co-pays and no other out-of-pocket costs, as well as ability to choose your own doctors and hospitals.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Moreover, in that this is not the most expensive plan, it will allow you to save as much money as possible while still maintaining good health care coverage. Now the next steps in securing your <span style="color: #274e13;"><a href="http://financialstakes.blogspot.com/2017/02/5-ways-to-protect-your-familys.html">family's financial independence</a>.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you would like to learn more about the Plans and prices available in the Chicagoland area, call me at (773) 614-3201. Looking forward to hearing from you.</span><br />
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-60321712956783506712018-02-04T16:30:00.000-06:002019-07-26T13:20:16.646-05:005 Ways to Make Sure Your Mortgage is on Track<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKQvPZBDvtjzxSqKqhkskfgOeTSL8nDPUQQW9_4XX_i9T2HR9WaqHCur-84fOAzR5Rq-E1_LyQdK_28qzivjf_yvfKPAxPrrmBbHvMYpVaoe5JAt7aFzX87DdQECVYh9PE2KA7e1QXl4Y/s1600/mortgage+images+2.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKQvPZBDvtjzxSqKqhkskfgOeTSL8nDPUQQW9_4XX_i9T2HR9WaqHCur-84fOAzR5Rq-E1_LyQdK_28qzivjf_yvfKPAxPrrmBbHvMYpVaoe5JAt7aFzX87DdQECVYh9PE2KA7e1QXl4Y/s1600/mortgage+images+2.jpe" /></a><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">It's
time to make sure your mortgage is on the right track. The Consumer
Financial Protection Bureau (CFPB) rules require that your mortgage servicer send you
more information and fix mistakes quickly. </span><br />
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<span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">And if your interest rate has changed this year, you should have got a heads up to give you more time to shop for a better
deal. </span><br />
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<span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">I hope you have taken the steps to make this year one with fewer runarounds and surprises.</span><br />
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt;">By February you should have received a new monthly mortgage statement showing how
your mortgage servicer credited your monthly payments along with any extra payment.
Your statement also puts the important information you need in one place: Your
interest rate, the balance on your loan, and how your payments are applied. If
you use a coupon book, your mortgage servicer will have to send you a coupon
book that complies with the new rules.<o:p></o:p></span></div>
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<span style="font-family: "tahoma" , sans-serif; font-size: large;">1. Check
for delays.</span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt;">With
very few exceptions, your servicer must credit your mortgage payment as of the
day they receive it. Check your statement to see if your payments were credited
on time. If not, call or write your
servicer and tell them to correct the problem.<o:p></o:p></span></div>
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<span style="font-family: "tahoma" , sans-serif;"><span style="font-size: large;">2. Fix
mistakes.</span><span style="font-size: 12pt;"><o:p></o:p></span></span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt;">The
new CFPB mortgage rules require servicers to investigate and fix, in a timely
manner, any mistakes that you report. If your servicer won't help you when you
call, </span><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">submit
a written error notification for more protection.</span></div>
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<span style="font-family: "tahoma" , sans-serif;"><span style="font-size: large;">3. Shop
around.</span><span style="font-size: 12pt;"><o:p></o:p></span></span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt;">Your
monthly mortgage statement will show you your interest rate and principal
balance. Compare your rate to current interest rates. You can find local rates
online </span><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">or
in the business section of your newspaper. If your interest rate is higher than
current rates, you might look into refinancing.</span></div>
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<span style="font-family: "tahoma" , sans-serif;"><span style="font-size: large;">4. Prepare
for your rate reset.</span><span style="font-size: 12pt;"><o:p></o:p></span></span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt;">If
you have an Adjustable Rate Mortgage (ARM), your mortgage servicer is required
to send you an estimate of your new payment seven or eight months before your </span><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">interest
rate resets for the first time. If you have an ARM that has already reset once,
you will be notified two to three months in advance of the next reset. This
advance </span><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">notice
is designed to give you time to budget for your new payment or shop for <a href="http://financialstakes.blogspot.com/2011/07/little-known-but-valuable-way-of-owning.html">a different mortgage.</a></span></div>
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<span style="font-family: "tahoma" , sans-serif;"><span style="font-size: large;">5. Get
help and take control.</span><span style="font-size: 12pt;"><o:p></o:p></span></span></div>
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt;">If you are having <span style="color: #cc0000;">trouble paying your mortgage, you</span> will get a warning that you're late on your payment on your new monthly statement. CFPB </span><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">rules
also generally require your mortgage servicer to reach out to you. <i>But you
don't have to wait until you fall behind to act. </i></span><br />
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<span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">Take control. If you submit a
complete </span><span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">application
for help soon enough—often called a loss mitigation application—CFPB rules
require your servicer to evaluate you for options that may be available to you
to avoid foreclosure.</span><br />
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<span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">Call (773) 614-3201 if you need some help in understanding your mortgage statement or if you are considering refinancing. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">Click here to</span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><a href="http://www.mortgagecalculator.net/" style="font-family: arial, helvetica, sans-serif;"><span style="color: #274e13;"><span style="color: #073763;"><span style="color: #990000;">calcul</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #990000;">ate your mortgage</span>.</span></span></span></a><br />
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<span style="font-family: "tahoma" , sans-serif; font-size: 12pt;">Want to comment, I'd like to hear from you.</span><br />
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<span style="font-family: "tahoma" , "sans-serif"; font-size: 12.0pt; line-height: 115%;"><br clear="all" style="mso-special-character: line-break; page-break-before: always;" /></span>Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-12268235625099474592017-12-08T10:10:00.000-06:002019-01-13T19:45:26.673-06:00Raise Your Children in a Home, not an Apartment<div align="center">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu3DaXbU3iRO7tTNGpDHveQf7E-7EvXiVwetCw6zK11B2J7n18R2wb7NJTpKPIMzh_jJYkNjKrfsOO4dmOfkDVxl0JCfxwowbfE6XSpAhcTZwpWxfR45ARGqTic-GsC00C-IduaRhD1iA/s1600/Black+mother+at+home.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" height="261" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu3DaXbU3iRO7tTNGpDHveQf7E-7EvXiVwetCw6zK11B2J7n18R2wb7NJTpKPIMzh_jJYkNjKrfsOO4dmOfkDVxl0JCfxwowbfE6XSpAhcTZwpWxfR45ARGqTic-GsC00C-IduaRhD1iA/s400/Black+mother+at+home.jpeg" width="400" /></span></a><span style="font-family: "arial" , "helvetica" , sans-serif;">While the value of home ownership as a way of building wealth over time for either single parents or two parent families is well accepted, <i><b>hardly mentioned is the value of home ownership on the cognitive and behavioral outcomes of the household's young children.</b></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Homeownership and Child Outcomes</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">In a recent study on the impact of home ownership on child outcomes, while controlling for the child's gender and health, number of siblings, and characteristics of the household's locality, has indicated that the impact on a child's cognitive outcomes is up to 9% higher in math achievement and 7% higher in reading achievement for children living in owned homes. </span><br />
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Moreover, it is found that the measure of child behavior problems is up to 3% lower if the child resides in a owned home. The result concludes that these youth's greater cognitive abilities and fewer behavior problems will result in higher educational attainment, greater future earnings, and a reduced tendency to engage in deviant behaviors.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b>Steps to Becoming a Homeowner</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are a single parent with the responsibility of raising your children without the help of a spouse, the home environment is even more significant. Although, renting an apartment might be your only current alternative, it would be wise for you to begin taking the necessary steps towards becoming a homeowner.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In recent years, the criteria for acquiring a mortgage has become less restrictive. Even though the 30-year interest rate continues to be at an all-time low, unless you apply for a FHA mortgage in which the down payment is 3.5%, you will have to have a down payment of about 5%. And, in addition to the down payment, your middle score on your credit report has to be at least 620.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Planning for A Mortgage</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Consequently, even though the 30-year interest rate is still at an all-time low (currently approximately 4.5% nationwide), home ownership is down because of the down payment and credit score requirements. Planning ahead has to include both saving consistently to build up the down payment as well as a careful review of your credit report with the goal of getting your middle score up to at least 620 or above. </span><br />
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Nevertheless, with a FHA loan and a down payment of 3.5%, your monthly mortgage payment on a $125,000 home would be $611.19. Compare that with your rent payment as well as another <a href="http://financialstakes.blogspot.com/2016/06/dont-wait-to-buy-your-home.html">mortgage payment scenario</a>. Recently many conventional mortgages have began offering programs with only 3% down. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Many landlords now looking to rent their apartments have discovered the need to be receptive to an applicant with a lower credit score due to the shaky job market and the realization that many applicants are losing their homes to foreclosure. </span><br />
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If you are currently renting, use the time remaining on your lease to take the steps mentioned earlier. In my opinion, renting should be only temporary and out of necessity. For a single parent, the overwhelming value to yourself and your children is to be a homeowner.</span><br />
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Call (773) 614-3201 or e-mail me at bwillbar@gmail.com for a free consultation.</span><br />
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Any Comments? Leave them below. </span></div>
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Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0tag:blogger.com,1999:blog-8403155582170324509.post-15580100544862471742017-11-24T18:57:00.000-06:002017-11-24T19:02:11.438-06:00Medicare Enrollment Periods You Must Know About<div style="text-align: right;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh80A60-TCrfMxGyFKeSLPQ7Mhtt3PAuAvtQIyye_eLl6UW0mWlXcOlSFacmGqITxaO45l7WbfLgnEwLrQXiCq_98JgW8SdUwr0hGb8lQCQSgLpLrXrB2USUbJytYM4R-AVzSCyLLaPR0o/s1600/medicare+open+enrollment.jpe" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh80A60-TCrfMxGyFKeSLPQ7Mhtt3PAuAvtQIyye_eLl6UW0mWlXcOlSFacmGqITxaO45l7WbfLgnEwLrQXiCq_98JgW8SdUwr0hGb8lQCQSgLpLrXrB2USUbJytYM4R-AVzSCyLLaPR0o/s1600/medicare+open+enrollment.jpe" /></a>The issue of the Enrollment Periods needs to be expanded upon. Remember, the Center for Medicare and Medicare Services (CMS) has established four basic enrollment periods in which Medicare recipients with both Part A and Part B can enroll in a Medicare Advantage Plan (MAP), Part C or a stant alone Prescription Drug Plan (PDP).<br />
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<b>Enrolling in Medicare Advantage Plans</b><br />
Enrolling in Medicare Part C or Medicare Advantage Plan (MAP) is optional. If you want to enroll in a MAP, you must be entitled to both Part A and Part B.<br />
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<b>Your Enrollment Periods</b><br />
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<li>Initial Enrollment Period (IEP) allows you to join a MAP three months before your birthday month, your birthday month, and three months after. </li>
<li>the Annual Enrollment Period (AEP) from October 15th to December 7th, </li>
<li>the General Enrollment Period (GEP) from January 1st to March 31st </li>
<li>and, the Special Election Period (SEP)</li>
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During the AEP beneficiaries may change their PDP, change their MAP, return to Original Medicare, or enroll in a MAP for the first time.<br />
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<b>Re-enrollment and Dual Eligibility</b><br />
During the GEP, if you didn't enroll in Part A or B during the IEP, or terminated your Part A or Part B benefits and want to re-enroll in either or both Parts, you may do so during this period. If you enroll during the GEP, your benefits will begin the following July 1st.<br />
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Finally, during the SEP if you have special needs, specifically diabetes or have Dual Eligibility (qualify for both Medicare and Medicaid) ,you can change your plan anytime during the year with no limit to the number of changes. This includes your prescription drug plan. This choice under the SEP is also available to those who move into, reside in, or move out of a nursing home.<br />
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If you have any questions regarding what plan would be best for you, call (773) 614-3201.<br />
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Any comments? Leave them below.Will Barneshttp://www.blogger.com/profile/00587960675853041588noreply@blogger.com0