Supplement Plans for Medicare – Marketing Video

Video from YouTube:

 

Video Transcript:

Medicare Supplement plans – also known as Medigap plans – are designed to cover some of the costs that Original Medicare doesn’t. These costs include things like copayments, coinsurance and deductibles. Some Medigap plans also offer certain benefits that Original Medicare doesn’t like emergency foreign travel expenses. Medigap plans don’t cover your costs under other health plans – including Medicare Advantage Plans – but only the costs that Original Medicare doesn’t cover. 

Here’s how it works. If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare-approved amount for a covered service. Then, your Medigap policy pays its share. But Medicare doesn’t pay any of the costs of purchasing the policy.  

Medigap Plans differ from Medicare Advantage Plans in an important way. Medicare Advantage Plans are just an alternative way to get your Medicare Plan A and B benefits. Medigap Plans are solely designed to cover costs that Original Medicare doesn’t cover. In fact, insurance companies generally can’t sell you a Medigap Plan if you are already covered by a Medicare Advantage Plan or Medicaid. Medigap Plans are required to follow all federal and state consumer protection laws and policies must be clearly identified as “Medicare Supplement Insurance.” Medigap Plans in most states are standardized, and identified by Plan letters A through N. Each standardized state Medigap plan under the same plan letter must offer the same basic benefits, no matter what insurance company sells it. Usually, the only difference between Medigap policies with the same plan letter is the cost charged by different insurance companies… so you can comparison shop! 

Need help with choosing the right Medigap plan for you? Call us for no obligation consultation today. 

 

Medicare Insurance, Reverse Mortgage, Whiteboard Videos for Financial Advisors, Loan Officers,

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Use videos like this to attract your ideal client through digital marketing on the internet, visit our website.

Marketing for Medicare – Video Tips

Educational Video from YouTube:

To get the most out of your Medicare coverage, it’s important to understand what the different parts of the Medicare program provide and what the cost is to you. You become eligible for Medicare coverage when you turn 65. If you’re younger and disabled for 24 months or have certain illnesses, you can also qualify.  

The Medicare program consists of four parts: Part A – Hospital Insurance, Part B – Medical Insurance, Part C – Medicare Advantage, and Part D – Prescription Drug Coverage. Let’s begin with Part A – Hospital Insurance. For most people, you pay no premium for Part A hospital coverage, because you’ve been working at least 10 years and paying Medicare taxes.  

You pay a deductible each time you’re admitted to the hospital per benefit period before Medicare begins to pay. The benefit period ends after you have received no inpatient treatment for 60 consecutive days. While there is no limit to the number of benefit periods you can have, you must pay the inpatient hospital deductible each time a new benefit period begins. 

The costs for inpatient hospital stays are calculated this way: For Days 1-60 you pay $0… after you pay your Part A deductible. For Days 61-90 and Days 91-150, you pay an increasing amount for each segment, while using your 60 lifetime reserve days. After day 150 you pay all costs.  

As you can see, there’s a lot to know about Medicare, so why not get some help with your Medicare plan? Let us help you with your important Medicare decisions. Call to speak to a licensed insurance agent. 

 

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

 

Annuities – Marketing Video for Financial Advisors

Whiteboard Video from our YouTube Channel:

 

What are annuities and how do they work? Annuities are both a savings and an income investment that pays out over a period of time. It’s actually a stream of income that may be designed so that you can’t outlive it. An annuity is a flexible insurance contract that allows retirement savings to grow income tax deferred and then payout to you in a lump sum, income for life, or income for a certain period of time.  

There are two basic types: Fixed and Variable. The Fixed Annuity earns a set yield and payout set by the contract. The Variable Annuity is invested in stocks and bonds.  The growth value and potential income stream will depend on the investment returns and losses could occur. In both annuities the growth is income tax deferred and the contract terms control growth and income. In today’s market there has been a blending in the qualities of these two kinds of annuities to generate the best return for investors.  

There are a lot of choices, and your personal situation needs to be considered. We can help you develop a plan to meet your specific needs towards a comfortable retirement, so please give us a call today. 

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

The Math Behind a Reverse Mortgage

Whiteboard Video:

Video Transcript:

If you’re considering a reverse mortgage, but not sure it’s right for you, let’s do some math to help make your decision easier.  

How much you can borrow is based on the age of the youngest borrower, the value of your home and the expected interest rate. You’re borrowing approximately 40%, while 100% of the value of your home is appreciating at 4% a year on average. That means there will be money left over after the loan is paid.  

Let’s look at an example of how a typical reverse mortgage plays out. Jane is a 70-year-old single woman with a home value of $500,000 that’s free and clear. She wants to borrow $1,000 a month – or $12,000 a year – for 20 years. She’ll use the money to pay for long term care, property taxes, and Homeowners Insurance premiums. After year ten, she is projected to have $557, 000 in equity and after year 20 $531,584.  

To find out what your numbers would look like, reach out today. 

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

Financial Advisors – What is an Annuity?

Our Whiteboard Video Transcript:

What are annuities and how do they work? Annuities are both a savings and an income investment that pays out over a period of time. It’s actually a stream of income that may be designed so that you can’t outlive it. An annuity is a flexible insurance contract that allows retirement savings to grow income tax deferred and then payout to you in a lump sum, income for life, or income for a certain period of time.  

There are two basic types: Fixed and Variable. The Fixed Annuity earns a set yield and payout set by the contract. The Variable Annuity is invested in stocks and bonds.  The growth value and potential income stream will depend on the investment returns and losses could occur. In both annuities the growth is income tax deferred and the contract terms control growth and income. In today’s market there has been a blending in the qualities of these two kinds of annuities to generate the best return for investors.  

There are a lot of choices, and your personal situation needs to be considered. We can help you develop a plan to meet your specific needs towards a comfortable retirement, so please give us a call today. 

Find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

Reverse Mortgages versus Traditional Mortgages

Video from YouTube:

 

One of the most frequently asked questions about reverse mortgages is, “How does it differ from a traditional mortgage?”  

With a traditional mortgage, you make your payments each month, slowly chipping away at the loan balance a little bit at a time. But with a reverse mortgage, monthly principal and interest payments are not required, so the balance goes up over time.  

To better understand how a reverse mortgage works, let’s look at a typical scenario. Bob takes out a reverse mortgage for 50% or less of the value of his home, and in the process gains home appreciation averaging 3-4%. That means that his home equity is increasing … even though he’s not making monthly principal and interest payments. The value of his home may be growing faster than his loan balance… turning home equity into retirement cash flow for Bob to use to help fund his retirement while still allowing him to leave a family legacy to his heirs. He can use those funds to renovate his home, fund a grandchild’s education, purchase a new car, or improve his retirement lifestyle. 

To find out more about how a reverse mortgage can benefit you and your family, call us today.  

 

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

 

 

Medicare Annual Enrollment Period (AEP)

Video from YouTube:

When is the Medicare Annual Enrollment Period… and why is it important to you? The Medicare Annual Enrollment period runs from October 15th through December 7th each year. The Annual Enrollment Period is only extended beyond December 7th when FEMA declares an emergency or a major disaster in your area that would make sign up difficult.  

Each September – before the AEP period begins – you’ll receive an Annual Notice of Change letter detailing the changes in your coverage for the following year. Being aware of the Annual Enrollment window is important, because it gives you the opportunity to reevaluate your current coverage and decide whether to change it. Any changes you make during the AEP go into effect on January 1st of the following year. 

For example, you can switch from Original Medicare to a Medicare Advantage program that may provide additional coverage that Original Medicare does not. You also have the option to switch from one Medicare Advantage program to another for increased benefits. If Original Medicare coverage changes, you can even switch back to Original Medicare, or just update your Part D drug plan to take advantage of price changes in prescription drugs. 

As you can see, there’s a lot to know about Medicare Annual Enrollment. Let us help you with your important Medicare decisions. Call to speak to a licensed insurance agent. 

 

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

How to Take Care of Your Spouse If Something Should Happen to You

Video on YouTube:

If you’re like most people, most of the time, you focus your financial efforts on maximizing your current income. But it’s also important to plan ahead for the benefit of your spouse if you should pass away. Here are some tips for how to do that. 

First, carefully consider joint vs. single life payouts from pension and investment distributions. Next, consider waiting to take Social Security until age 70 instead of age 62. This could increase your survivor benefit by 76%.  

As life situations may change, update your beneficiary designations. These designations will take precedence over what’s written in your will or trust, so it’s important to keep these current.  Investments like annuities have a guaranteed lifetime benefit. These can be a great way to ensure that your spouse is taken care of, even after you’re gone.  

Be sure to keep your wills and trusts up to date and your assets properly titled. And keep your spouse fully informed about all financial details. We can help you make sure that your spouse is taken care of. Please give us a call today. 

 

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

 

Hear testimonial from our client, Dan Williams!

Video from YouTube:

This Testimonial reveals how Dan has used his whiteboard videos to spur discussions and expand his reach!

Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

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To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

Reverse Mortgages- The Sandwich Generation

Video on YouTube Channel:

Video Transcript:

If you’re part of the “Sandwich Generation”, meaning your parents are over 65 and you’re raising your own children, you face a difficult choice. You’re trying to balance the funding needs of your own family against the worry that your parents’ savings won’t be enough to cover their living or health care expenses in retirement. Traditional financial planning would suggest that you draw down assets from your portfolio to help cover these costs… putting the funding of your own retirement at risk.  

A Reverse Mortgage Specialist can show you – and your financial advisor – how a reverse mortgage can be a better option for you and your family. A reverse mortgage can provide the additional cash flow in retirement that aging parents need by accessing the equity in their home. It eliminates monthly mortgage payments and replaces them with a lump sum or monthly payout, a line of credit or some combination… and your parents don’t have to sell their home. Your parents can use this extra cash to age in place more comfortably or to help cover the high cost of medical care.  

This also leaves your portfolio intact… ready to meet your own retirement needs. To find out more about the reverse mortgage option for aging “Sandwich Generation” parents, contact us today. 

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Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.

To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.

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JILL ADDISON
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Co-Creator, Turnkey Video System

Digital Marketing Expert.
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JAMES STEWART, CFP®
Co-Creator, Turnkey Video System

Certified Financial Planner ® (30+ years)
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