Skip to Main Content
1-855-700-8583( TTY: 711)|Mon - Fri, 8 AM - 8 PM ET
  • 1-855-700-8583 | TTY: 711
    Call a licensed insurance agent Mon - Fri, 8 AM - 8 PM ET
back arrowBack to All Articles

Life Insurance Planning Worksheet

Andrea Feucht
  • Final Expense Types
  • Final Expense Types
  • Financial Planning
  • Life Insurance
Responsive Image

Ready to find coverage in your area?

View Life Insurance coverage options in your area
Responsive Image

Get personalized guidance

Connect with a licensed insurance agent1-855-700-8583Or have an agent contact you

Continue Reading

How Ending the COVID-19 Public Health Emergency Affects Medicare
As of May 11, 2023, the COVID-19 public health emergency has ended. Learn more about how this affects you as a Medicare recipient.
  • Original Medicare
Read More
Avoiding Medicare Penalties
Learn about Medicare late enrollment penalties and how you can ensure you aren’t hit with surprise fees that could follow you the rest of your life.
  • Original Medicare
Read More
ACA Coverage for the Self-Employed, Gig Workers and Early Retirees
The ACA marketplace can be a very helpful place to explore your health coverage options. It is one coverage option for self-employed individuals, gig workers, and early retirees who do not have access to other suitable coverage.
  • Coverage
  • ACA
  • Private Insurance
Read More
trustedform
Connect with us

PlanEnroll represents Medicare Advantage HMO, PPO, PFFS, and Prescription Drug Plan organizations that have a Medicare contract and/or a Medicare-approved Part D sponsor. Enrollment depends on the plan’s contract renewal. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period. Not all plans offer all of these benefits. Benefits may vary by carrier and location. Limitations and exclusions may apply. Every year, Medicare evaluates plans based on a 5-star rating system.

PlanEnroll is a brand operated by Integrity Marketing Group, LLC and is used by its affiliated licensed insurance agencies that are certified to sell Medicare products. PlanEnroll, PlanEnroll.com is a non-government website and is not endorsed by the Centers for Medicare and Medicaid Services (CMS), the Department of Health and Human Services (DHHS) or any other government agency.

We do not offer every plan available in your area. Currently we represent 0-78 organizations which offer 0-2,613 products in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

The exact carrier and plan counts are determined by your zip code and county.

If you have a concern about your experience or plan services, you can contact your carrier directly (see your plan materials or carrier’s website for instructions). You can also visit Medicare.gov or call 1-800-MEDICARE for general information about complaints and appeals.

Final expense life insurance may not cover the entire cost of your funeral and may be used by the designated beneficiary for any purpose rather than being limited to specific funeral services and providers. Final expense life policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. This type of policy generally doesn’t require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues. Reducing or skipping premium payments will impact the amount of interest paid and may impact how long the policy lasts. Accessing the cash value of a policy will reduce the available cash surrender value and the death benefit. A policy owner does not have the ability to make unlimited payments into the policy. If too much is paid into the policy, it will become a Modified Endowment Contract (MEC) and withdrawals and loans will be taxable. Coverage may not be available in all states and may vary by state. Policy guarantees are based upon the claims-paying ability of the issuing life insurance company.

An annuity is an insurance contract between an insurance company and a contract owner. An annuity can be used to help save for supplemental income for retirement and/or preserve funds already saved for retirement. Interest and other guarantees in an annuity are subject to the claims-paying ability and financial strength of the insurance company that issues the product. Annuities are long-term vehicles. Many have surrender charges over many years, and withdrawals from an annuity prior to age 59 ½ may be subject to a 10% tax penalty. The growth in an annuity is tax-deferred, but taxes will be owed on withdrawals. Any withdrawal will reduce your annuity insurance contract value. Consult your annuity insurance contract for specific terms and conditions. Insurance agents do not provide, tax, legal or accounting advice.

Multi-year guaranteed annuities (MYGAs) are a type of fixed annuity with a guaranteed interest rate that typically lasts for multiple years. Fixed Indexed Annuities (FIAs) do not involve investments in an index. The index performance used to calculate credited interest typically does not include dividends. Some FIAs involve the use of multiple indexes. Methodologies for crediting interest differ among FIA products (e.g., point to point, high water mark, annual resets, single year, multi-year, etc.). Interest crediting methodologies may include caps, participation rates, spreads, margins, or fees that may change from time to time depending on the product.