Category: Our Blog

Let’s Clear Up Your Health Insurance Confusion | Understand And Save Money

Updated: April 12, 2024 at 9:40 am

I suspect that health insurance confusion is worse than filling out taxes. That’s what I feel when I speak to people about health insurance.

People become even more confused when it’s time for the health insurance open enrollment period.  This period runs from November 1st to December 15th every year.

We at My Family Life Insurance call it the “health insurance open confusion period”. Why?

Many individuals and families are simply and incredibly confused about their health insurance. For example, most people don’t know the difference between a copay and coinsurance. Not knowing these basics can have a negative impact…on your checking account!

Continue reading Let’s Clear Up Your Health Insurance Confusion | Understand And Save Money

NGL AssetGuard and NGL Funeral Expense Trust [Protect Your Money With This Powerful Combination]

Updated: April 12, 2024 at 9:40 am

You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short).

When a person is searching for the right final expense or burial insurance, sometimes the breadth of carriers and products makes the process confusing and intimidating. The person becomes frustrated. Then he or she stops this important coverage altogether, leaving his or her family exposed to a potential financial burden.

You don’t need to feel that way with the NGL Funeral Expense Trust.

Continue reading NGL AssetGuard and NGL Funeral Expense Trust [Protect Your Money With This Powerful Combination]

5 Disadvantages of Indexed Universal Life Insurance [Unbiased Review] | Know The Disadvantages, How This Product Works, And Your Options

Updated: April 12, 2024 at 9:40 am

disadvantages of indexed universal life insuranceDid you know there are disadvantages to indexed universal life insurance (IUL)?

It is true. There are advantages and disadvantages to every type of insurance, and this includes indexed universal life insurance.

Indexed universal life insurance is a very popular type of life insurance. I am sure you have heard the accolades that you can withdraw the cash value income tax-free (which is true – more on that in a minute).

However, there are disadvantages, too. Many agents don’t speak about them. If you are going to purchase an IUL, you need to know these disadvantages and level set on expectations.

Continue reading 5 Disadvantages of Indexed Universal Life Insurance [Unbiased Review] | Know The Disadvantages, How This Product Works, And Your Options

Best Disability Insurance For Hairstylists and Barbers [Affordable Options To Protect You]

Updated: April 12, 2024 at 9:40 am

Portrait Of Handsome Young Man Getting HaircutHairstylists and barbers probably don’t think much about disability insurance, right?

You understand the importance of doing a great job, though. You enjoy making your customers look good and feel great! Being able to wash, cut, trim, style, color, converse (yes!), and more is vital to your livelihood. What if you could no longer do that job? Have you ever thought what would happen if you became sick, ill, injured, and disabled? How would bills be paid if you could not work?

In this article, we discuss disability insurance and the best disability insurance for hairstylists and barbers. Continue reading Best Disability Insurance For Hairstylists and Barbers [Affordable Options To Protect You]

5 Types Of Burial Insurance Not To Buy [And 3 Types You Should]

Updated: April 12, 2024 at 9:40 am

Burial Insurance Form PolicyYou don’t wake up in the morning, turn to your spouse, and say “Honey, let’s buy some burial insurance.”

Who does that? Mostly no one.

Most of the time, people buy burial insurance upon death of a loved one. That usually is the impetus to get people going. So, you just apply with any old carrier.

Or, you receive a brochure in the mail which says something like, “Don’t hesitate. Set up your funeral costs now!”

Additionally, you see an infomercial on late-night TV regarding final expense cost.

You haven’t done anything, feel concerned, and make the phone call. Or, you apply!

We at My Family Life Insurance say: STOP! You might be doing yourself a disservice and applying in haste. Yes, there are some burial insurance policies you should avoid. In this article, we discuss the 5 types of burial insurance not to buy, and 3 you should consider.

Continue reading 5 Types Of Burial Insurance Not To Buy [And 3 Types You Should]