When planning for retirement and shopping for your insurance coverages, you have many options. That's why you want to work with an independent agent who can shop the market and find what best fits your individual needs and budget. At Insurance Advantage and LMA Financial Services, we work for the client...not a company!
With a combined 50+ years in the industry, we at Insurance Advantage and LMA Financial believe that the key to wise decisions is being properly educated. Our goal isn't just to sell insurance. We strive to guide you with the heart of a teacher. Our goal is to assist clients in making the best decisions possible where their retirement planning and insurance coverages are concerned. That is why we have put together a team of professionals who are dedicated to providing a wide range of products, excellent customer serve and a commitment to education.
Since day one our focus has been to help our clients protect themselves and their assets against risks. We are able to do this with a variety of insurance and financial planning options.
Most people age into Medicare (age 65). Others, however, begin receiving Medicare disability at a younger age. Prior to the start of Medicare coverage individuals need to start educating themselves about the benefits of Medicare, the gaps in Medicare and the steps they need to take before Medicare benefits begin.
Our team of agents can educate you about your options as well as find plans that best fit your individual circumstance. Don’t try to navigate the waters alone. Contact our office today and let us educate you. The best decisions are made once you have all the facts.
No one plans to get sick or hurt. However, at some point in your life, you are most likely going to need medical care, and without health insurance you are taking a great financial risk.
Having a good health insurance policy protects you from catastrophic medical costs and most of the time provides for free (or reduced cost) preventative care such as vaccines and screenings.
Our team of professionals can help you select the best health care plan for yourself and/or your family. Whether you need something short-term or for an indefinite amount of time, we can help. If you are an active or retired school employee, each fall we can help you understand your options prior to Open Enrollment in October.
Open enrollment for individual health insurance in Arkansas is November 1 through January 31 of each year. During this time you may change or enroll in health coverage. You may also enroll into health insurance if you experience a qualifying event such as birth, adoption, involuntary loss of coverage or marriage.
Do you feel like your bank account is stagnant?
Are you at a point in your life where you can’t afford the down-turns of the stock market?
Would you like to participate in market gains without the risks?
If you answered yes to any or all of those questions, then you should give us a call today and learn about the advantages of fixed and indexed annuities.
We want to educate you about the advantages of tax-deferred annuities. Some of these advantages include:
According to www.cancer.org, it was estimated that in 2014 there would be 1,665,540 new cancer cases diagnosed and 585,720 cancer deaths in the United States. The website goes on to say that cancer remains the second most common cause of death in the United States.
A visit to www.theheartfoundation.org will tell you that this year more than 920,000 Americans will have a heart attack. And according to www.strokecenter.org, stroke is the leading cause of serious, long-term disability in the United States. Each year approximately 795,000 people suffer a stroke.
Even with health insurance, a diagnosis of cancer, a heart attack or a stroke can prove to be costly. Most people don’t stop and consider that there are deductibles to meet, co-insurance amounts to pay and other costs such as travel expense and lodging. That’s why we offer low-cost lump sum cancer, heart and stroke insurance plans.
For those individuals who are members of the Arkansas Retired Teachers Association (ARTA) you receive discounted premiums through our office. If you are a retired teacher, or thinking about retirement, contact us and see how you can keep protect yourself (and your family) against the high costs associated with cancer, heart attacks and strokes.
“What happens to my family, financially, after I die?”
It’s a question far too many people don’t ask themselves. And for the ones who do ask it, and take steps to protect their loved ones financially, it all too often proves to be one of the best decisions made.
Don’t leave the future of your loved ones and yourself to chance. The staff at Insurance Advantage can help find the right life insurance for you. We work with each person individually to find the coverage that best fits both their needs and their budget.
Maybe you have purchased life insurance in the past but think that you may need a policy “tune-up”. For example, maybe you have experienced some changes in circumstances such as:
Advantages of Life Insurance
Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
Life Insurance Death Benefit - When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Living Benefits - The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.
The right life insurance coverage for each and every one of our customers is unique. Talk with a member of the Insurance Advantage team today to find out how to protect your family and your future with the right life insurance.
Types of Life Insurance
There are several different types of life insurance products available – the most common include:
Term Life Insurance
Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 30-year (level term) period.
Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance
Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
Universal Life Insurance
Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.
What type of life insurance is best for you? Talk with the team at Insurance Advantage. We can assist in identifying the best protection for you.
We help individuals and families find the best dental coverage available to them. Most of our plans have the option to add vision coverage to the benefits at a low monthly cost. If you are currently without dental coverage (or want to see if there is a plan with richer benefits and/or lower premium), please contact us today.
For those individuals who are members of the Arkansas Retired Teachers Association (ARTA) you receive discounted premiums through our office. If you are a retired teacher, or thinking about retirement, contact us and see how you can keep your dental and vision benefits (without waiting periods).
We offer dental and vision plans through Delta Dental of Arkansas and Blue Cross Blue Shield of Arkansas. Vision-only plans are available through VSP.
When Mary Alice Hughes (co-owner) started in the insurance business over 20 years ago, she was trained to be a long-term care insurance specialist. She continues to place high value on this insurance products and encourages clients to consider long-term care insurance as part of retirement planning. Here is Mary Alice’s story:
Working for you, not an insurance company!