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If you are a licensed health agent, you should consider adding GTL Ancillary Products to your offerings. GTL offers several product choices in most states.

GTL Supplemental Health Products- click here and see what’s available

Learn the benefits of adding ancillary health products to your sales.

Here are some of the products that GTL offers to individuals:

Important; product availability varies by state. If you want to check what’s available in your area;

click here for GTL product state approval lists.

Hospital Indemnity

GTL offers Advantage Plus Elite Hospital Confinement Indemnity Insurance to help with the expenses associated with a stay in the hospital such as co-pays, deductibles and other out-of-pocket expenses not covered by a health insurance plan. Medical costs can quickly add up and beneficiaries can use the cash benefit any way they like.

Beneficiaries receive a cash benefit if they are confined to a hospital or receive any other covered care. The Advantage Plus Elite plan pays between $100 and $750 per day. The amount depends on the plan selected. Plans provide coverage for a period of either 3-10 or 15 days The benefit period resets when the beneficiary is out of the hospital for 60 days. There are also plan options that offer a 1-day benefit period with a $2,500 daily benefit amount.

Click here for Crowe online contract and add GTL to your products.

Already a Crowe agent and want to add GTL – Click here

Cancer Insurance

Precision Care Cancer Insurance helps policyholders who are diagnosed with cancer access advanced treatments that may not be covered by insurance. Precision Care lets policyholders access TGen’s world class Cancer Physicians and their cutting-edge genomic sequencing services. It also provides cash to pay for the services and the specialized cancer treatments. Learn more about Precision Care, just go to: outsmartmycancer.com.

If the beneficiary is diagnosed with cancer, TGen (the Transitional Genomics Research Institute) an affiliate of City of Hope nonprofit medical research institute receives a biopsy of the tumor, and the DNA is sequenced in TGen’s lab. Once this is done, doctors use the findings to suggest treatments that have been used to target the same mutations. For more information about TGen, visit www.tgen.org.

Cancer Heart Attack & Stroke Insurance

GTL also offers Cancer, Heart Attack and Stroke Insurance that provides beneficiaries a lump-sum benefit amount paid directly to them regardless of other health coverage they may have upon diagnosis of cancer or if they suffer either a heart attack or stroke. The amount of the benefit can range to as much as $50,000 for any of the covered diagnoses. The amount depends on the coverage chosen at the time of enrollment.

Short-Term Care Insurance

Recover Cash is short-term care insurance that GTL offers to provide coverage for several care options. Options include assisted living facilities, nursing homes, or in the enrollee’s home. Because there are gaps in health insurance coverage, Recover Cash provides a way to pay out-of-pocket expenses. Policyholders have access to TCARE’s Family Caregiver Concierge Services. This service provides support to caregivers to help prevent burnout. Policyholders receive this cash benefit directly and can use it any way they like.

GTL helps with both financial support and family caregiver support from TCARE. This helps the beneficiary and their family member through a difficult time.

Short-Term Home Health Care Insurance

Short-Term Home Health Care Insurance helps cover deductibles and co-pays for home health care services. The policy offers several riders to choose from as well as a Short-Term Home Health Care Aide Benefit and a Prescription Drug Benefit.

GTL’s Short-Term Home Health Care Insurance pays a daily benefit for many types of home health care services. Benefit amounts depend on the plan selected. There is a maximum benefit period of 360 days. A Licensed health care provider must certify the cognitive impairment or inability to perform at least two of the six activities of daily living (bathing, dressing, eating, continence, toileting or transferring) without substantial assistance.

Critical Illness Insurance

Critical Provider Plus is critical illness insurance that helps alleviate the financial hardships that come with a critical illness or accident. Coverage options range from $10,000 up to $100,000. The coverage pays up to two times for two separate critical illnesses. GTL issues policies to anyone from age 18 to 64. Lifetime maximum benefit amounts are between $25,000 and $250,000.

Please note: the information in this post is for use by licensed insurance agents only and is not intended for use by consumers. If you are looking for an agent to assist with the purchase of one of the GTL products, please contact our office either by email at teal@croweandassocites.com or by phone 203-796-5403.

When it comes to health insurance sales, some areas that don’t receive as much attention as they should. Dental vision & hearing insurance fall into this category. Often times, both agents and clients overlook the importance of these products until a problem occurs. However, adding dental, vision, and hearing coverage to a traditional health plan can save the enrollee headaches down the road. Healthcare agents also benefit by adding these products to their sales.

Learn how ancillary product sales can add income to your business

Why dental, vision, and hearing coverage is important

Dental

Dental health is about much more than having a pretty smile; it’s an integral part of overall well-being. Poor oral health can lead to various health issues that go far beyond cavities and gum disease. These issues can include heart disease, diabetes, and even pregnancy complications. That is why regular dental check-ups and treatments are crucial to maintaining good overall health. Unfortunately, the price of oral care can be very costly, especially without insurance coverage. When clients are looking for a dental plan it is imperative they choose a plan where their dentist is part of the network. Clients save a significant amount of money on dental care if they use an in-network provider and pay the negotiated rates for oral care.

Watch a video on our individual dental plan available in all 50 states

Vision

Although eyesight is one of the most important senses, many of us take it for granted. Regular eye exams can help detect vision problems early on, which may prevent more serious issues down the line. Vision insurance helps cover the costs of eye exams, prescription eyewear, and even corrective surgery, like LASIK, in some cases. Many Medicare advantage plans include some dental vision and hearing benefits, although, in most cases, it is not significant coverage. Beneficiaries who purchase stand alone vision insurance plans can easily prioritize their vision health.

Hearing

Because hearing loss is more common than you might think, it affects millions of people worldwide. f hearing loss is ignored, it can have a significant impact on quality of life. This can lead to communication difficulties, social isolation, and even cognitive decline. Hearing aids and other hearing assistance devices can be life-changing for those with hearing loss. Unfortunately, they often come with a hefty price tag. Having insurance coverage for hearing can make these life-changing devices more accessible.

The Benefits of dental, vision, & hearing insurance

Financial Protection

One of the most obvious benefits of insurance coverage for dental, vision, and hearing health is the financial protection it provides. Without insurance, the cost of routine check-ups, treatments, and necessary devices can add up quickly. This can put a strain on an already stretched budget. Insurance helps offset these costs, making it easier to prioritize preventive care and address issues as they arise.

Preventive Care

Preventive care is key to maintaining good health. Regular check-ups can detect problems early on when they’re easier (and cheaper) to treat. With insurance coverage, beneficiaries are more likely to schedule preventive appointments and stay on top of their overall health.

Access to Necessary Treatments

In addition to preventive care, insurance coverage provides beneficiaries the necessary access to treatments if an issues arises. Whether it’s a cavity that needs filling, new glasses or contacts, or hearing aids, insurance helps cover the costs. This helps ensure beneficiaries get the care they need without breaking the bank.

Are you ready to add these products to your business; click here for online contracting.

Choosing the Right Coverage

When it comes to dental, vision, and hearing insurance, there are many options available, including standalone plans or coverage as part of a comprehensive health insurance policy. Agents helping beneficiaries choose coverage need to, consider premiums, deductibles, coverage limits, and provider networks. It’s essential to find a plan that meets your client’s needs and budget while providing adequate coverage for the services you’re likely to require.

Dental, vision, and hearing health are often overlooked aspects of our overall well-being, but they are no less important than other areas of health. Investing in insurance coverage for these areas can provide financial protection, access to preventive care, and necessary treatments when needed.

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As a health insurance agent, there are many useful ancillary products available to offer your clients. One of the best products to offer is cancer insurance. Because we all know someone who has faced this diagnosis, we understand the toll in can take on the patient as well as their family. Unfortunately, it often comes with significant financial burden as well as the other challenges it brings. While a patient is struggling to heal and recover, they do not need added stress that treatment costs or loss of income can cause.

In this post, we go over what cancer insurance is, how it works, and why it’s important to add it to your product offerings.

Understanding Cancer Insurance

Cancer insurance is a type of supplemental insurance. It is designed to provide coverage for the various expenses associated with cancer diagnosis and treatment. Although traditional health insurance policies cover some medical costs, cancer insurance provides financial protection and fills the gaps left by standard health plans.

Watch a video on the value of ancillary health products.

How does this coverage work

Normally, cancer insurance operates as a form of indemnity coverage. In other words, if the beneficiary is diagnosed with a covered cancer, they receive a lump-sum cash benefit directly from the insurer. The policy holder can use the benefit at their discretion to cover a variety of expenses related to their cancer treatment and recovery. Some expenses may include the following:

Medical Expenses

Cancer treatment often involves many medical procedures, including surgeries, chemotherapy, radiation therapy, and medication. Cancer insurance helps offset some costs associated with treatments, such as deductibles, copays, as well as out-of-pocket expenses.

Find out about UHC Advantage Guard Hospital indemnity and cancer plans

Experimental Treatments

In some cases, individuals may decide to try either experimental or alternative treatments not covered by traditional health insurance. Cancer insurance provides the flexibility for patients to pursue these options by offering a way to afford such treatments.

Non-Medical Expenses

There are many costs associated with cancer and some are not medical. In some cases, a patient may need to travel to receive the best care. There can also be costs incurred for home health care services, and maybe childcare expenses for parents undergoing treatment.

Learn about other coverage options like critical illness insurance, click here

Income Replacement

It is difficult for many individuals undergoing cancer treatment to maintain a steady income. They require time off for both treatment and recovery. That is why this insurance is a great way to provide a financial cushion to replace lost income during this period. This allows policyholders to focus on their health and not finances.

Why this coverage is a good option

Although there have been many advancements in medical science, a cancer diagnosis remains a life-altering event that can wreak havoc on one’s physical, emotional, and financial well-being. While health insurance provides coverage for some of the expenses, out-of-pocket costs associated with cancer treatments can be substantial. Cancer insurance bridges this gap, offering financial protection and peace of mind during a challenging time.

Find out about other ancillary health insurance products, click here.

Additionally, this product is available to individuals of all ages and health. This makes it an accessible option for anyone concerned about the potential financial strain of a cancer diagnosis. Unlike traditional health insurance, this product focuses specifically on the unique needs of cancer patients, providing coverage and support.

Agents, click here to join the team at Crowe!

Already a Crowe agent, click here to add ancillary products to your Crowe contract.

Cancer insurance offers a vital layer of protection to ensure individuals and families confronting this diagnosis can focus on what matters most: their health and well-being. By providing financial support for medical treatments, non-medical expenses, income replacement, and more, cancer insurance offers peace of mind.

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Best Medicare Supplemental Insurance

Medicare Supplemental Insurance, also known as Medigap, plays an important role in filling the coverage gaps left by traditional Medicare coverage. Traditional Medicare covers about 80% of approved medical expenses, this leaves 20% for the beneficiary to pay. Because there are so many plans available, agents need to understand how to help clients choose the best Medicare supplemental insurance. In this blog, we discuss what Medicare supplements are, why they are essential, and how to find the best coverage for your client’s healthcare needs.

Understanding Medicare Supplemental Insurance

Medicare supplements are sold by private insurance companies and cover expenses that are not covered by Original Medicare.  These expenses include, copays, coinsurance, and deductibles. There are 10 plan choices available and each one offers a different level of coverage.  All the plans are standardized by CMS. This means, all plans with the same letter name must provide the same coverage.  The only difference between one plan of the same letter and another is the cost of the plan. This allows beneficiaries to choose the plan that best suits their individual healthcare needs and budget.

Find out about 2024 Medicare commissions – watch a YouTube video

Things to consider when comparing Medicare supplements

1. Different supplement plans offer varying levels of coverage. For example, Plan G provides comprehensive coverage, including all Medicare coinsurance, and copayments, while other plans may offer more limited coverage.
2. The premiums for supplement policies can vary significantly.  This depends on the plan type, location of client, and insurance company that is offering the plan. It’s essential to consider the monthly premium as well as potential out-of-pocket costs when comparing plans.
3. Unlike Medicare Advantage plans, which require enrollees to use a provider network, Medicare supplement plans allow beneficiaries to see any healthcare provider who accepts Medicare assignment. This flexibility benefits anyone who needs to see many different providers for one or more health conditions.
4. When a beneficiary chooses a Medicare supplement policy, it’s important to choose a reputable insurance company with a good financial rating. This gives the client peace of mind knowing they are dealing with a company that will pay their claims and provide reliable coverage.

Learn about Medicare supplement guaranteed issue rights

Top Medicare supplement Plans

Although the “best” Medicare supplement plan depends on individual healthcare needs and preferences, there are a few that are chosen most often by Medicare beneficiaries.

1. Supplement Plan F provides the most comprehensive coverage.  It pays all Medicare deductibles, coinsurance, and copayments.  Thus, providing beneficiaries with maximum financial protection. The premium for this plan is high, but that is based on the coverage it provides. Unfortunately, this plan is only available to those who turned 65 before January 1, 2020.
2. Plan G is the most similar to Plan F. This plan covers most Medicare expenses, except for the Part B deductible. It’s a great option for individuals who want comprehensive coverage at a slightly lower premium than Plan F.  It is available to anyone who turns 65 and is eligible for Medicare coverage.
3. Plan N is another great coverage option.  However, it requires beneficiaries to pay copays for some  services, such as some office visits and emergency room visits. Although, enrollees pay lower premiums than with Plans F or G.  To view a comparison chart of the all the supplements, click here.

Additional Information

In some states, there are high deductible options for Plans F & G.  These plans offer a low premium and full coverage once the deductible is met.

If you are a Medicare agents who wants to offer these plans; click here for online contracting

When shopping for a Medicare supplement plan, it’s important to:

1. Evaluate healthcare needs as well as budget.
2. Compare supplement plans offered by different insurance companies.
3. Consider coverage options, premiums, and company reputation.
4. Review the benefits and limitations of each plan carefully.

Medicare Supplemental Insurance provides Medicare beneficiaries a valuable coverage option. These plans offer peace of mind and financial protection against the high cost of healthcare. Consulting with a licensed insurance agent can provide valuable guidance to understand the complexities of Medicare supplement coverage and selecting the right policy.

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Ancillary Health Insurance

Ancillary health insurance coverage can provide an additional layer of protection for those who need it.  Unfortunately, most health care plans do not cover every need a client has. Ancillary health products address gaps in coverage and offer additional benefits not included in a primary insurance policy.

Ancillary products include things such as, dental and vision, home health care as well as life products.  These plans provide a diverse array of coverage options.  Beneficiaries can find coverage options tailored to meet their healthcare needs.  In this post we will go over some ancillary health coverage options and why it is a good idea to contract to offer them.

See why ancillary products are a great addition to your business, watch our YouTube video

Dental & Vision Insurance

One of the most requested ancillary health products is dental insurance. Regular dental care, including check-ups, cleanings, fillings, and major procedures such as; root canals and crowns, are not usually covered by standard health plans. In most cases, when these benefits are are included in a Medicare Advantage plan, the coverage is minimum at best.  This leaves the client with a huge bill if they require dental care beyond cleanings. Dental insurance can offset the cost of these services, especially when beneficiaries use an in-network provider. Dental coverage makes it possible for individuals to maintain good oral health without financial burdens.

Vision insurance works similar to dental insurance. It covers routine eye care services such as, routine exams, prescription glasses, and contact lenses. Because many individuals need vision correction and regular eye exams to maintain good vision health. Vision insurance makes these services more accessible and affordable.

Long-Term & Short -Term Care Insurance

Long-term care insurance helps cover the costs associated with extended care services, such as nursing home care, assisted living facilities, and in-home healthcare. Medicare Supplement and Medicare Advantage plans provide limited coverage for long-term care, making long-term care insurance essential for individuals concerned about potential future care needs. Long-term care insurance policies vary in coverage options, benefit amounts, and eligibility criteria.

Learn more about short-term vs long-term care coverage

Short-term care insurance is very similar to long-term care in what it covers.  The real differences are in the amount of time the policies cover.  These policies cover care for a period of 1 year or less depending on the coverage option each beneficiary chooses.  It is also much easier to qualify for coverage, there are no waiting periods, and the cost is much more affordable than a long-term care policy.

Cancer, Heart Attack & Stroke Insurance

If an individual is diagnosed with cancer or had a heart attack or a stroke, they already have enough to worry about, they do not need to add paying bills to that list.   When it comes to the costs associated with Cancer, Heart Attack and Stroke, insurance that provides coverage for these conditions takes that concern away so beneficiaries can focus on recovery.

Once a beneficiary is diagnosed with any of these conditions, this coverage provides a lump-sum benefit amount. Beneficiaries receive payment in addition to other health coverage you already have.  The amount of the benefit depends on the plan purchased and provides a benefit of up to $50,000.  More than half the costs incurred with cancer can be non-medical.  Patients may need help paying bills if they or a spouse is unable to work.  The coverage may also provide financial assistance to receive out of network care with other providers.

Critical Illness Insurance

Critical illness insurance provides a lump-sum payment in the event of a serious illness or medical condition covered by the policy. This coverage helps individuals manage expenses not covered by their primary health insurance, such as lost income, medical bills, and additional caregiving costs. Critical illness insurance offers financial protection and peace of mind during challenging times, allowing individuals to focus on their recovery without financial strain.

If you want to add any of these products to your offerings, click here for online Crowe contract

Crowe agents who want to add a carrier, click here

Accident Insurance

Because accidents are unpredictable, it is not easy to guess if or when you need the coverage. Accident insurance is beneficial for anyone who lives an active lifestyle which can increase the possibility of an accident.  When this happens, you may lose pay due to injury especially if you are not eligible for workers compensation.  Accident insurance can help cover costs beneficiaries incur from medical treatments, injuries, hospitalizations, accidental death, dismemberment, or other loss.

Hospital Indemnity

Although accident insurance is a good choice to cover an emergency room visit, hospital indemnity insurance provides another option to cover costs if the beneficiary requires an extended hospital stay or several visits for rehabilitation or other care.  Once the beneficiary receives acre, they can submit a claim and, if it is valid, they receive a payment.

Click here to learn more about hospital indemnity plans

Disability Insurance

If a beneficiary is injured and it results in a covered disability, this insurance provides either short-term or long-term protection.  The amount of coverage, like other plans depends on what the beneficiary chooses.  This coverage gives the beneficiary a way to avoid the financial stress that comes from not being able to work. Beneficiaries may receive weekly payments for three months up to a year, depending on the policy. Get more information on disability insurance and what it covers.

Final Expense Insurance

Due to the high cost of funerals, many people choose to purchase a Final expense plan.  This can alleviate at least some of the stress that comes from losing a loved one.  A Final Expense plan can provide financial relief for your client’s family. Crowe and Associates’ agents have access to contracts with several top final expense carriers who offer level, graded and guaranteed issue types of plans. in all 50 states.  A few of the carriers we are contracted with are: AIG, Foresters, Mutual of Omaha, TransAmerica, Cigna, Baltimore Life, Columbian Life, Royal Neighbors, and Gerber.  Learn more about Final Expense plans.

Life Insurance

Although some employers offer life insurance coverage, the benefits usually rely on your employment.  In the event a beneficiary loses a job or stops working, they may opt to add a supplemental life plan.  There are many choices of life insurance, including term life insurance, whole life insurance and universal life insurance.

There are a wide variety of ancillary coverage options.  Each individual has their own needs.  A professional insurance agent can provide several options within a client’s budget tailored to supplement primary healthcare coverage.  Adding ancillary products is a great way agents can add a steady stream of revenue to their business.  Agents can add these products to their existing client’s coverage and both agent and client benefits.

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RetireFlo for Medicare agents is an easy to use service that collects all the information an agent needs to know about their client to help them provide the best plan options. It is important to know, RetireFlo follows all HIPAA guidelines and is a compliant tool.

Here are a few things that RetireFlo offers

1. A list of drugs, doctors, hospitals and pharmacies the client uses.
2. Permission to contact form.
3. 48 hour scope of appointment form
4. PDF summaries of any important client data you collect
5. This site offers agents the ability to attache custom logos and headshots to your forms
6. RetireFlo can integrate the information you collect with Connecture.

Take a look at our RetireFlo video

RetireFlo Pricing

The cost for this truly useful tool is usually $49.99. Crowe agents receive a special discount of 40% off with the promo code “CROWE40”. That come out to only $29.99 per month. Once you see what this tool can do, you will understand what a bargain this is.

Find out what else the Crowe team has to offer! Watch a YouTube video on our agent programs.

Click here to fill out an online contract & join the team at Crowe & Associates

It is so easy to set up ReireFlo

1. The first step is to visit RetireFlo.com
2. Once you are on the site, click on the big blue “Get Started” button in the center of the page. You will answer 6 short questions about yourself and your agency to create an account. You then have a chance to enter our promo code “CROWE40” (use all caps) to get an amazing 40% discount!
3. After you get to your profile, you see “Welcome, (your name)”, select; “Create a Page” and upload your headshot, state license and page references. It is a good idea to enter any social media accounts you have for your business as well as your website’s URL.
4. Agents should also enter their business email address in the area that says “Notifications To”, so they receive notifications when a new submission comes in. After you do this, select “Finish & Create”. Now your page is live! It is that easy. You are ready to receive submissions on your own unique RetireFlo survey. New users may want to complete a few practice surveys so they are familiar with how it works.

Learn how Crowe agents can get free help building their own website

Visit the RetireFlo website: www.RetireFlo.com

What can you do from your RetireFlo account

Once you have your profile all set up, you can streamline your next AEP. This form is easy to send to a client and collects all the information you need to run accurate quotes. It also gives valuable insight into what type of products your client may like to discuss. Agents can also use this tool to retain their current clients by staying up-to date on what they want and need from their healthcare coverage.

Watch a YouTube video on what this product can do for you

If you want to take book a one-on-one demo, just click here; RetireFlo.com/Demo

Learn why some insurance agents fail

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Although Medicare Advantage and other health insurance plans cover basic medial needs, agents need to understand the gap in these plans and provide additional coverage options to their clients. That is why we offer critical illness insurance to help fill in some of those gaps in coverage. This insurance provides clients much-needed financial protection during difficult times.

What is Critical Illness Insurance

Critical illness insurance provides a lump-sum payment to the policyholder if they receive a diagnosis of one of the illnesses covered by the policy. Unlike health insurance, which provides coverage for medical expenses, critical illness insurance pays out a predetermined sum of money that beneficiaries can use however they want. This lump-sum payment can help cover various costs, including medical bills, living expenses, mortgage payments, and other financial obligations.

If you are a health insurance agent who wants to offer these plans, click here for online contract.

Why is it Important

In today’s world, medical treatments are becoming more and more expensive. Here are a few reasons why having critical illness coverage is important:

1. Financial Protection: A critical illness diagnosis can be both emotionally and financially devastating. Even with health insurance, out-of-pocket costs for treatment, lost income, and other expenses can quickly add up. Critical illness insurance provides a financial safety net. This allows individuals to focus on their recovery without worrying about the financial implications.
2. Flexibility: Unlike traditional health insurance policies, which only cover certain medical expenses, critical illness insurance provides policyholders a lump-sum payment to use for any purpose. Whether it’s medical bills, replacing lost income, or making modifications to accommodate a disability, policyholders have the flexibility to use the funds as they see fit.
3. Peace of Mind: Knowing that you have critical illness coverage can provide peace of mind for you and your family. There is a sense of security knowing you are financially protected in the event of a serious illness. This allows beneficiaries to focus on health and recovery without the added stress of financial worries.

Watch a video on how ancillary product sales can be a great addition to your business

What Does it Cover

The specific illnesses covered by these policies depends on the insurance provider and the terms of the policy. However, most policies typically cover a range of serious illnesses, including but not limited to:

• Heart attack
• Paralysis
• Cancer
• Coronary bypass surgery
• Stroke
• Kidney failure
• Organ transplant
• Heart transplant
• Parkinson’s
• Lou Gehrig’s disease
• Multiple sclerosis

Important; before enrolling anyone in a plan, they should carefully review all terms and conditions of the policy to understand what illnesses are covered and any exclusions that apply.

Want to learn about final expense insurance, click here

Critical illness insurance provides invaluable financial protection in the event of a serious illness, offering peace of mind to the beneficiary.

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One crucial aspect many people overlook when they are planning for the future is disability insurance. Although most people understand the importance of health and life insurance, they often overlook the ability to protect themselves against the risk of disability. We will discuss the importance of disability insurance, what it entails, and why it should be a part of everyone’s financial strategy.

Understanding Disability Insurance

Disability insurance coverage provides financial protection in the event you become disabled and are unable to work. It provides a source of income replacement during the period the beneficiary is disabled. This helps cover essential expenses such as mortgage or rent, utility bills, groceries, and medical costs. Unlike health insurance, which only covers medical expenses, disability insurance provides income replacement for those unable to work due to injury or illness.

In most cases, Disability insurance provides from 40% to 70% of the insured’s pre-disability earnings.. It is important to remember, coverage provided by each policy such as; benefit amounts and duration can vary greatly and depend on the specifics of each individual policy. Some employers offer disability insurance and provide either full or partial payment for the policy.

Why Disability Insurance is important

1. Protecting Income: For most people, the ability to earn income is their most valuable financial asset. Disability insurance ensures a beneficiary who is unable to work due to a disability, they can still receive a portion of their income. This provides a safety net to ensure their financial stability.
2. Covering Living Expenses: Disability insurance helps cover daily living expenses. This includes mortgage or rent payments, utilities, groceries, and other bills. Without a steady income, it can be a challenge to meet these expenses. This can cause a financial strain or even debt.
3. Maintaining a Lifestyle: A disability can significantly impact your lifestyle. It may limit the ability to participate in activities or maintain the standard of living individuals are accustomed to. Disability insurance provides financial support to help maintain quality of life during difficult times.
4. Peace of Mind: Knowing there is a financial safety net in place in the event a beneficiary becomes disabled provides peace of mind. It allows them to focus on recovery without worrying about how support their family financially.

If you want to offer these plans to your clients, Click here to learn why you should contract with Crowe

Types of Disability Insurance

There are two types of disability insurance: short-term disability insurance and long-term disability insurance.

1. Short-Term Disability Insurance: This coverage typically provides benefits for a short time. Coverage periods range from a few weeks to several months. It offers income replacement for temporary disabilities, such as recovery from surgery or a non-life-threatening illness.
2. Long-Term Disability Insurance This insurance provides benefits for an extended period. In some cases, until retirement age, if you’re unable to work due to a severe injury or illness. It provides more comprehensive coverage compared to short-term disability insurance. It is essential to protect against long-lasting disabilities that may prevent you from working for an extended period.

Here are some differences between short-term and long-term insurance:

Things to Consider

When a client is thinking about purchasing disability insurance, there are several factors agents should consider:

1. Coverage Amount: Determine how much coverage they need based on monthly income, expenses, and financial obligations. Ensure that the benefit amount is sufficient to cover living expenses and any additional costs related to the disability.
2. Waiting Period: The waiting period, also known as the elimination period, is the duration beneficiaries wait before they receive benefits after becoming disabled. Choose a waiting period that aligns with their financial situation and ability to cover expenses during that time.
3. Definition of Disability: Pay attention to how the policy defines a disability. Some policies have stricter definitions of a disability. This makes it more difficult to qualify for benefits. It is a good idea to choose a policy with a broader definition of disability. This is a good way to ensure comprehensive coverage.
4. Premiums and Cost: It is always important to consider the premium cost is reasonable and within the budget. Compare quotes from different insurance providers to find the most competitive rates and benefits.

Because life is so unpredictable, disability insurance provides clients a sense of security and protection against the unforeseen. It can be a much needed safety net to protect the beneficiaries’ assets from unforeseen circumstances.

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United Healthone Product Availability Sheet

Advantage Guard Hospital Indemnity level 8 commission Schedule

Advantage Guard Hospital Indemnity Level 9 commission Schedule

Advantage Guard Hospital Indemnity Level 10 commission Schedule

Advantage Guard Hospital Indemnity Level 11 commission Schedule

UPDATED 4.4.2024

Medico Wellabe Product Availability

Top GA (Distributor) Level 2 Commission

SGA Level 3 Commission

MGA Level 4 Commission

RGA Level 5 Commission

Producer Level 1 Commission

UPDATED 4.4.2024