A 401k rollover is the term typically used when an individual who has a 401k plan wishes to "rollover" their retirement plan into a new IRA (Individual Retirement Account). This process is most commonly referred to as a "401k rollover" or an "IRA rollover", and...
Read MoreIf you need long-term care services and have to pay to obtain them, what financial resources could you call on? Do you have enough to pay for four or more years in a nursing home, an assisted living facility, or home health care?If youre over 65, dont rely on Medicare or private health insurance...
Read MoreIn general, its a good idea to buy long-term care insurance before youre 60, for two reasons:1.The younger you are, the less likely it is that youll be rejected when you apply for the policy. If you apply in your 50s, theres a one in ten chance youll be rejected. If you apply in your 60s, the...
Read MoreIf youre under 55, you might think that, since the likelihood of long-term care outlays is many years in the future, you could invest the money you might otherwise spend for long-term care insurance premiums. That way, if you do need long-term care, you could just draw upon that investment, and...
Read MoreIf you own a wealthy estate and are looking into purchasing life insurance, but worry about the estate taxes being too high for your family to take care of when you die, there is hope out there. A second to die life insurance policy, also known as survivorship life, can help.Thats because second...
Read MoreBorrowing and policy surrender are available. Borrowing or partial surrendering would be the one choice because the death benefit stays in effect (minus the amount borrowed), but this is a loan that must eventually be repaid. If repayment is unlikely, theyre probably better off surrendering the...
Read MoreThe loss of a key person can be a major blow to a small business if that person is the key contact for customers and suppliers and the management of the business. Loss of the key person may also make the running of the business less efficient and result in a loss of capital.Losses caused by the...
Read MoreFIXED V.S. VARIABLE ANNUITIESIn a fixed annuity, the insurance company guarantees the principal and a minimum rate of interest. In other words, as long as the insurance company is financially sound, the money you have in a fixed annuity will grow and will not drop in value. The growth of the...
Read MoreAnnuities can serve many useful purposes. If you are in a saving-money stage of life, a deferred annuity can:Help you meet your retirement income goals. Employer-sponsored plans such as a 401(k), 403(b) or Keogh are an important part of planning for retirement. However, contributions to...
Read MoreSince your age is a key variable in determining the price you will have to pay, you should purchase life insurance as soon as possible once you determine that you need it. Selecting term life insurance will enable you to get more for your premium dollars. Also consider any optional group life...
Read MoreInsurance representatives do such reviews as a service for the policyholders in order to verify and update beneficiary designations and to identify other changes that might be needed. These reviews may reveal that you have gaps in your insurance or financial needs that you may be unaware of. Your...
Read MoreIf you know of a trusted insurance representative, you could start by reviewing your life insurance needs and existing coverage with that agent. Otherwise you might want to find an agent or insurance broker to work with you.It is in your own best interests to review and compare various offerings...
Read MoreLife insurance is a contract, often called a policy, between you and an insurance company to provide money to a person you designate, in the event that you die during the time the contract is in force. In essence, during your lifetime you pay money, known as the insurance premium, to the...
Read MoreIf you can afford it, there are several reasons why you may need life insurance. The most important reason is to have enough money to provide for dependents such as young children, non-working spouses or elderly parents, should you die and be no longer able to provide for them. Also, your...
Read MoreMostly everyone qualifies for some of our plans.You must be 18 years old to purchase a policy for yourself. Most AFLAC policies let you sign up until you are 64 years old.
Read MoreWhat is the cost of the monthly premium, deductible, co-payment amount and cap? How does changing one amount affect the others? What does the policy cover? What does it exclude? Are there limits on the number of days the insurance company will pay for services such as prescription drugs...
Read MoreA health insurance plan or a health service plan protects an insured or member by promising to either pay for medical care or provide medical care. In the case of a health insurance policy traditional insurance provided that it would pay for any reasonable, medically necessary care required to...
Read MoreA health insurance policy is a binding contract issued by an insurance company to an individual or group which promises to pay for health care reasonably required by the insured or policy holder or certificate holder to treat illness or injury. If the insurance policy is issued to an individual...
Read MoreAn annuity contract is created when an individual gives a life insurance company money which may grow on a tax-deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity contracts is the option for a guaranteed distribution of income...
Read MoreAFLAC a supplemental Insurance that pays benefits to the policy holder in the event of a covered accident or illness. It is NOT like major medical where the benefits are paid to doctors and hospitals.Aflac The basicsAflac is different from health insurance; its insurance for daily living. Major...
Read MoreIf you suffer from an accident or illness and you miss work, chances are youre missing part of your paycheck too. Supplemental Insurance pays the policy holder so you can continue paying left-over medical expenses, rent/mortgage, food, and other living expenses. Its like having a financial safety...
Read MoreNobody wants to think they will ever be diagnosed with cancer. The reality is that 3 in 5 adults will someday be diagnosed with some type of cancer. AFLACs cancer plan pays directly to you thousands of dollars so you can concentrate on getting healthy and not have to stress out about...
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Information contained within this site is the property of Hoffman and Associates Insurance Company and is provided for consumers looking to purchase insurance. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is required. Please contact Hoffman Insurance Company at 321-751-2511 before making any purchase decisions based on information contained on this web site to check for validity. This content is copyrighted by Hoffman and Associates Insurance Company and will bring legal action on to anyone who copies the information contained here. PLEASE NOTE THAT COMPLETION OF A REQUEST FOR INFORMATION DOES NOT CONSTITUTE THE PURCHASE OF INSURANCE. NO COVERAGE MAY BE ADDED, CHANGED OR BOUND AS A RESULT OF SUBMITTING A REQUEST FOR INFORMATION. ALL COVERAGE MUST BE CONFIRMED BY THE AGENCY IN WRITING SUBJECT TO AN ACCEPTABLE SIG NED APPLICATION MEETING THE UNDERWRITING GUIDELINES OF THE INSURANCE COMPANY. Please read your policy carefully for your terms of coverage. No information in this website alters the terms of coverage in your individual policy. If you do not agree to these terms please exit this website
