Financial Tool for Seniors

Want to talk about an insurance company that wants to help seniors? United American Life (UA) offers a combo deal that can save and earn you money at the same time. UA specializes in selling high-deductible Medicare Supplement policies. Instead of buying a typical, expensive policy offered by AARP, you can pay a fifth of the price, which comes with a high deductible. Potentially, you can pay more, but chances are you will save $1,000 a year–and probably more! UA offers an annuity that is second to none for new Medicare Supplement customers. If you buy a med supp policy, you can then purchase a 3% guaranteed fixed annuity through UA. I have never seen such a deal from a life insurer. I mean, this isn’t Taco Bell, ya know. Many state insurance departments frown upon such combined offers, so seniors, listen up: get a jump on this deal while you can. And UA has an A+ rating from the A.M. Best Company, so you can trust that your nest egg is safe.

I love fixed annuities, but dollar for dollar, these new simplified life policies may have them beat. I know, the life insurance stigma sucks, but these policies are different. The underwriting process takes just a few minutes and consists of as few as five questions. And no medicals are needed! Once you’re approved, you receive a tax-free death benefit and your premium is guaranteed. The features are annuity-like, except it takes a few years to start earning interest. It’s well worth the expense. The death benefit could be double your premium and is tax free to your loved ones. You can’t lose with this purchase.  Liberty Mutual and Western & Southern sell two of the finest of these “simple” life products.

Pay it forward:

Tough love is in the air! At least, it is at my house with my two girls ages 9 and 11. I feel the current young generations have been babied and coddled in every sport or activity they have ever pursued. I say enough with it! It’s time to toughen them up. A good cold breeze of reality is necessary. So give the gift of tough love this holiday season!

Earl E Bird

I'm Earl E. Bird and I am very concerned about saving for my senior years. I am amazed at the stumbling blocks that exist when saving for retirement. That's why I take my time when making decisions on building my nest egg.

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About the author

I'm Earl E. Bird and I am very concerned about saving for my senior years. I am amazed at the stumbling blocks that exist when saving for retirement. That's why I take my time when making decisions on building my nest egg.

More posts by | Visit the site of Earl E Bird

 
 
 
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