You have a Medigap policy, but maybe you initially chose a basic plan and would like to “upgrade” to a more comprehensive Medigap plan, like Part F. Maybe you realize you’ve been paying for benefits you don’t need. Maybe your finances have changed and you need to save money on monthly premiums. Can you switch
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July 2, 2016 by Brad Gunning
6 Most Common Fraud Schemes According to the FBI
At our core, Montana Life Group aims to protect its clients financially – whether that’s in retirement (Medigap and annuities), while you’re earning an income (disability insurance) or when you have a loved one that depends on you (life insurance). With that in mind, we’re always trying to help our readers keep tabs on some
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July 1, 2016 by Troy Baccus
Having a baby? Buy life insurance.
If you are having a baby then one of the most important financial things to do is secure life insurance for your family. The reason life insurance becomes so much more important when a child is born is because the new life is 100% dependent on care and guidance for at least 18 years. If you are
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June 30, 2016 by Brad Gunning
Illegal Medigap Sales Practices
Buying Medicare Supplement Insurance (Medigap) on your own isn’t easy. It’s possible, but you’d have to (1) decide which of the standardized Medigap plans (A through N) is best for you, (2) call your state health insurance assistance program to find out which insurance carriers sell Medigap policies in your state, (3) call each of these insurance companies, give them your
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June 29, 2016 by Brad Gunning
What are the Best Disability Insurance Riders?
If you’ve spoken with an insurance agent about disability insurance, the topic of “riders” has probably come up. A rider is essentially an “add-on” to an insurance policy. The rider provides additional coverage not included in the basic disability insurance policy. Of course these riders aren’t free. There’s an increase in monthly premium associated with
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June 27, 2016 by Brad Gunning
Video Guide to MYGAs
If you have 15 minutes and you’re interested in a MYGA 101 course, you’ve come to the right place. The above video dives into the following topics regarding MYGAs: 1. What is a MYGA? To start, the video defines MYGA: a multi-year guaranteed annuity. Specifically, it’s a type of fixed annuity with a guaranteed interest
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June 25, 2016 by Brad Gunning
Using Your Credit Card Online
Have you ever entered your credit card information online? Since nearly 70% of Americans shop online regularly, chances are you have. It’s convenient. Often there’s free shipping. But the increase in online shopping has lead to an increase in identity theft online. Here are a few steps to make sure your credit card information is
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June 24, 2016 by Brad Gunning
How Much Does Life Insurance Cost?
If you’re trying to find out how much you’ll pay per month for a life insurance policy, there are plenty of resources out there (and this post intends to be one of them), but the best way to get an accurate idea of the cost of life insurance for you is to request a personalized
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June 23, 2016 by Brad Gunning
When is the Best Time to Buy a Medigap Policy?
When should you get a Medigap policy? The short answer: during your Medigap Open Enrollment Period. Buy Medigap During Your Open Enrollment Period The best time to buy Medicare Supplement Insurance (Medigap) is when you’re in the Medigap Open Enrollment Period. Open Enrollment begins on the first day of the month in which you’re both
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June 22, 2016 by Brad Gunning
Long-Term or Short-Term Disability Insurance?
You’ve decided to protect your income with a disability insurance policy. But the inquiry does not stop there: what type of disability insurance do you want? While eventually you’ll have to potentially evaluate features such as own occupation disability insurance, a guaranteed renewable policy, and non-cancelable disability insurance, today we’ll focus on a more preliminary decision: long-term or
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