Why Everyone Needs Life Insurance

People who are considering life insurance usually debate whether they need it or not. If anyone will suffer financially after a person's death, that person should have life insurance. This death benefit is meant to help surviving family members or dependents cope with the financial difficulties of losing the deceased's income and paying for final expenses. Life insurance isn't subject to federal income tax. In order to determine how much life coverage to buy, it's important to consider what surviving loved ones would need if death occurred suddenly.  Be sure to consider monthly living expenses, debts and final expenses when…

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Fewer Medicare Advantage Plans Receive High-Quality Ratings

There are fewer Medicare Advantage plans receiving high-quality ratings for their 2021 offerings than for this year's.  The Centers for Medicare and Medicaid Services has reported that 49% of 400 Advantage plans with prescription drug coverage received four stars or more (the maximum is five), compared to 52% in 2020. Also, there are fewer people enrolled in plans that will have four or five stars in 2021.  The star ratings measure the quality of service enrollees receive and are based on actual experience of seniors with their plans.  The CMS rates Medicare Part C plans according to hundreds of specific…

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