INSUREOUS FAQ’s

Focus on high-interest debt first.

Contribute to retirement savings simultaneously, even if it’s a small amount.

Use strategies like Infinite Banking to make your money work for you while reducing liabilities.
We’ll help you create a balanced plan to achieve both goals.

Start with simple concepts:

• Savings habits: Encourage saving part of their allowance.
• Budgeting: Teach them to track spending and set goals.
• Investing: Show them the power of compounding with tools like the Million Dollar Baby Plan.
  We offer resources to help families raise financially savvy kids.

Infinite Banking uses whole life insurance to create a private banking system. It allows you to:

• Build cash value that grows tax-free.
• Borrow against your policy for major expenses.
• Earn interest even while borrowing.
  It’s a powerful strategy for managing your money and building long-term wealth.

The amount depends on factors like your current age, income, lifestyle goals, and when you plan to retire. A general rule is to aim for 10-15% of your income annually. Tools like our Retirement Savings Calculator can help you determine your savings target.

Yes, certain types of life insurance, like Whole Life Insurance, offer investment benefits. They provide:

• Cash value that grows tax-deferred.
• Access to funds for emergencies or opportunities.
• A financial safety net for your loved ones.
  Life insurance can be a key part of your wealth-building strategy.

A Fixed Index Annuity (FIA) is a safe retirement investment that provides:

• Growth linked to market indexes (without market risk).
• Tax-deferred growth.
• Guaranteed lifetime income.
  With new flexible options, FIAs aren’t just for retirees—they’re also great for younger investors looking to grow wealth over time.

An Executive Bonus Plan is an employer-funded benefit for key employees. Employers use life insurance policies to provide:

• Tax-advantaged savings.
• Supplemental retirement income for executives.
• Attracting and retaining top talent.
  This plan is also flexible and mutually beneficial for employers and employees.

Financial freedom means having enough income, savings, and investments to support your lifestyle and future goals without financial stress. It’s about taking control of your money so it works for you, not the other way around.

The Million Dollar Baby Plan is a unique way to secure a child’s financial future. By investing small amounts early, you can provide them with significant funds for milestones like education, homeownership, or retirement. The power of compounding turns modest contributions into long-term wealth.

We combine expert knowledge with personalized service to craft strategies that truly work for your unique goals. Our goal is not just to sell products—it’s to help you secure a brighter financial future for you and your family.

401(k): An employer-sponsored retirement plan that allows pre-tax contributions, often with employer matching.

IRA (Individual Retirement Account): A personal account with pre-tax or post-tax (Roth IRA) options.
Both help you save for retirement, but choosing the right one depends on your situation. We’ll help you evaluate your options.

Saving: Short-term goals, low risk, and easy access (e.g., emergency funds in savings accounts).

Investing: Long-term growth with higher returns but also higher risk (e.g., stocks, bonds, and annuities).
Both are essential. Saving protects you now, while investing builds your future wealth.

Start with these steps:

1. Set clear financial goals: Know what you want to achieve (retirement, debt-free living, etc.).
2. Create a budget: Track income and expenses to identify areas to save.
3. Build an emergency fund: Aim for 3-6 months of expenses.
4. Start investing early: Compound growth is your best friend.
   We can help you develop a personalized roadmap to achieve your financial goals.

In general, health insurance premiums are not tax deductible for most individuals. However, there are some exceptions to this rule, depending on your specific circumstances. If you are self-employed or have a small business, you may be able to claim a tax deduction for the cost of your health insurance premiums. In this case, you can claim the deduction on your income tax return using Form 1040, Schedule 1. If you are an employee, you may be able to claim a tax deduction for the cost of your health insurance premiums if you are paying for the coverage yourself and are not reimbursed by your employer. In this case, you can claim the deduction as an adjustment to income on Form 1040, using Form 8889. If you are 65 or older, you may be able to claim a tax deduction for the cost of your health insurance premiums if you are paying for Medicare Part B or Part D coverage. In this case, you can claim the deduction on your income tax return using Form 1040, Schedule 1. It’s worth noting that these tax deductions are subject to certain income limits and other restrictions, so it’s a good idea to consult with a tax professional or refer to the IRS website for more information on how to claim these deductions.

Absolutely! While starting early is ideal, it’s never too late. Strategies like:

• Maximizing retirement contributions.
• Eliminating debt.
• Exploring annuities or Infinite Banking.
  Can help accelerate your path to financial freedom, no matter when you begin.

You can only make changes outside the Open Enrollment Period if you experience a Qualifying Life Event (QLE), such as:

• Getting married or divorced.
• Having a baby or adopting a child.
• Losing other health coverage. If you qualify, you’ll have a Special Enrollment Period to update your plan.

Yes! Thanks to the Affordable Care Act, insurance providers cannot deny coverage or charge higher premiums due to pre-existing conditions. We’ll ensure you get the coverage you deserve.

Typically, dental and vision care are not included in standard health insurance plans for adults. However, we offer standalone or ancillary plans that provide comprehensive dental and vision coverage to meet your needs.

Yes, most health insurance plans are required to cover mental health services, including therapy, counseling, and medication, thanks to the Mental Health Parity and Addiction Equity Act. Coverage varies by plan, so we’ll ensure you find one that meets your needs.

Each insurance provider has a directory of in-network doctors and facilities. We’ll provide you with the tools and guidance to verify if your preferred providers are covered under your selected plan.

The cost of health insurance varies based on factors like your age, location, plan type, and coverage level. Premiums, deductibles, and co-pays all contribute to your overall cost. We’ll work with you to find a plan that fits your budget and provides excellent value.

Without health insurance, you’ll be responsible for paying out of pocket for medical expenses, which can quickly become overwhelming. Even a single emergency room visit can cost thousands of dollars. Having health insurance not only protects you financially but also ensures access to preventive care and treatment when needed.

An HSA is a tax-advantaged savings account you can use for medical expenses. It’s paired with high-deductible health plans (HDHPs) and allows you to:

• Contribute pre-tax dollars.
• Pay for qualified medical expenses tax-free.
• Roll over unused funds year to year.
• We’ll show you how an HSA can save you money and help with long-term healthcare costs.

• HMO (Health Maintenance Organization): Requires you to choose a primary care physician (PCP) and get referrals for specialists. It usually has lower premiums but limited provider networks.
• PPO (Preferred Provider Organization): Offers more flexibility—you can see any doctor without referrals, but costs may be higher if you go out of network.
• EPO (Exclusive Provider Organization): Combines aspects of HMOs and PPOs. You don’t need referrals but must stay within the network for coverage.
• We can help you determine which network type best suits your healthcare needs and budget.

If your insurance claim is denied, don’t panic. Start by reviewing the Explanation of Benefits (EOB) or denial letter for details. Contact us for help—our team specializes in navigating claims and resolving issues with insurers.

The best plan depends on your individual needs, including your budget, health conditions, and coverage preferences. If you visit doctors often, a plan with low co-pays and deductibles may be ideal. For those who are generally healthy, a high-deductible plan paired with a Health Savings Account (HSA) might make more sense. We’re here to guide you through your options to ensure you choose the plan that fits your life.

Absolutely! Leaving a legacy isn’t just for the wealthy. Even modest contributions can create lasting impacts. For example:

• A small life insurance policy can provide financial support for your loved ones.
• A written record of your values and wishes can guide your family for generations.
• Investments in tools like the Million Dollar Baby Plan can grow over time.

You can use tools like life insurance, estate planning, trusts, and annuities to safeguard your family’s financial future. These options provide income replacement, tax-efficient wealth transfer, and a structured plan for distributing your assets.

Getting started is simple:

1. Define what legacy means to you—financially and emotionally.
2. Take stock of your assets and future goals.
3. Work with professionals (like us!) to explore life insurance, annuities, trusts, and estate plans.
   We’ll walk with you every step of the way to ensure your legacy aligns with your vision.

You can build a legacy that reflects your values by:

• Supporting charitable causes or creating a foundation.
• Sharing your life lessons and stories.
• Structuring your estate plan to fund meaningful goals like education or community support.

The Million Dollar Baby Plan allows you to make small investments now to create significant financial resources for your children. It provides funds they can use for milestones like college, buying a home, or retirement, setting them up for a secure future.

FIAs offer:

• Lifetime income options to ensure you never outlive your savings.
• Market growth potential with no risk of losing your principal.
• A safe way to pass down wealth without probate complications.

Leaving a legacy means ensuring your values, assets, and memories are passed on to future generations. It’s about more than just money—it’s about creating a lasting impact through financial security, guidance, and opportunities for your loved ones.

To ensure wealth lasts for multiple generations:

• Use trusts to control the distribution of assets.
• Teach financial literacy to your heirs.
• Choose investments like life insurance and annuities that grow and preserve wealth.
  We’ll help you create a comprehensive plan tailored to your goals.

Will: A legal document that outlines your wishes for asset distribution after your death.

Trust: A legal entity that holds and manages your assets, offering more control, privacy, and potentially avoiding probate. Trusts can play a key role in creating a seamless legacy plan.

Special: Purchase an Ethos term life insurance product through us and get a free Will and Trust.

Life insurance is one of the easiest and most impactful ways to build a legacy. It provides:

• Tax-free financial support for your family.
• A way to cover debts and final expenses.
• An inheritance to pass down to the next generation.