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Discover Why an Independent Insurance Broker Is Your Best Bet

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(502) 544-3453

Be Confident When the Unexpected Happens

You deserve nothing but impeccable customer service and rest assured that I work hard to this end. As your independent insurance broker, I am committed to keeping you fully informed and updated of your insurance coverage. My duty includes assuring you that there are no coverage gaps, so you can be confident when the unexpected happens. 

Representing More Than 35 Insurance Companies

Insurance plans aren’t a one-size-fits-all thing. As an independent insurance broker, I am more capable of finding a policy that best fits your needs and budget.


If you let me, I can obtain and compare quotes in your behalf from more than 35 companies that I represent. This way, you can have an easier time choosing which one meets your requirements. Come to Beacon Insurance Solutions, and call me in Kentucky if you’re looking for any of the following:

            • Life Insurance
            • Final Expense Insurance
            • Medicare Advantage Plan
          • Medicare Prescription Drug Plan
          • Medicare Supplement Insurance
Jerry Cantrell, insurance broker

To Me, It’s More Than Just a Sales Job

As I stated in my biography, I am retired from a 41-year career. I planned for retirement and do not need to sell insurance to pay expenses for my family. The money I make is purely discretionary. This allows me to truly focus on offering insurance products with the best benefits and the best price.


Sometimes, even I am aware of products available that are not in my portfolio. When this happens, I help my clients get the product without worrying about whether I am losing a sale. I even help clients apply for Medicaid, Social Security, and other government programs to help pay for Medicare premiums, knowing that I will not be compensated for my time. 

What is Medicare Supplement (Medigap) Insurance?

A Medicare Supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that Original Medicare doesn't cover, like co-payments, coinsurance, and deductibles.


If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Your Medigap policy pays its share.


A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.

What you need to know about Medicare Supplement policies:

1. You must have Medicare Part A and Part B.

2. If you have a Medicare Advantage Plan, you can switch to a Medicare Supplement insurance policy, but make sure you can leave the Medicare Advantage Plan before your Medicare Supplement insurance policy begins.

3. You pay the private insurance company a monthly premium for your Medicare Supplement insurance policy in addition to the monthly Part B premium that you pay to Medicare.

4. A Medigap policy only covers one person. If you and your spouse both want Medigap coverage, you'll each have to buy separate policies.

5. You can buy a Medicare Supplement insurance policy from any insurance company that's licensed in your state to sell one.

6. Any standardized Medicare Supplement insurance policy is guaranteed renewable even if you have health problems. This means the insurance company can't cancel your Medicare Supplement insurance policy as long as you pay the premium.

7. Medicare Supplement insurance policies sold after January 1, 2006 aren't allowed to include prescription drug coverage. If you want prescription drug coverage, you can join a Medicare Prescription Drug Plan (Part D).

8. It's illegal for anyone to sell you a Medigap policy if you have a Medicare Advantage Plan, unless you're switching back to Original Medicare.

Information obtained from www.medicare.gov

Medicare Supplement Companies

  • Aetna
  • Anthem
  • Assured Life
  • Bankers Fidelity
  • Cigna
  • Combined
  • Companion Life & Health
  • GPM Health & Life
  • Humana
  • Loyal Christian Benefit Association
  • Liberty Bankers
  • Manhattan Life
  • Medico
  • Mutual of Omaha
  • National Guardian
  • Pekin
  • Renaissance
  • Sentinel Life
  • Shenandoah Thrivent
  • United Health Care (AARP)

By contacting the phone number on this website, you will be directed to a licensed agent.

How Much Life Insurance Is Enough?


One reason for choosing a life insurance policy is to figure how much your dependents will need after you’re gone. In order to choose the face value (the amount your policy pays if you die) of your life insurance you should consider the following:


  • How much debt you have: All of your debts must be paid off in full, including car loans, mortgages, credit cards, etc. If you have a $200,000 mortgage and a $4,000 car loan, you need at least $204,000 in your policy to cover your debts (and possibly a little more to take care of the interest as well).
  • Income Replacement: One of the biggest factors for life insurance is for income replacement, which will be a major determinant of the size of your policy. If you are the only provider for your dependents and you bring in $40,000 a year, you will need a policy payout that is large enough to replace your income plus a little extra to guard against inflation. Just to replace your income, you will need a $500,000 policy. This is not a set rule, but adding your yearly income back into the policy (500,000 + 40,000 = 540,000 in this case) is a fairly good guard against inflation. Remember, you have to add this $540,000 to whatever your total debts add up to.
  • Future Obligations: If you want to pay for your child's college tuition you will have to add this to the amount of coverage you want, which would be about another $100,000

Adding everything together, you will probably want a policy for $840,000 ($540,000 to replace yearly income + $200,000 for the mortgage expense + $100,000 university expense).


Once you determine the required face value of your insurance company, you can start shopping around for the right policy
(and a good deal).


Obviously, there are other people in your life who are important to you and you may wonder if you should insure them. As a rule, you should only insure people whose death would mean a financial loss to you. If you have a spouse or partner that also is a contributor to the family income, then it would make sense to go through the same exercise to determine the face value of the policy.


Navigating Life Insurance

Read about your options and then let's talk!


Term Life Insurance

Term Life insurance is life insurance that you pay for during a specified length of time or term – generally one to 30 years. You select the amount of the death benefit or face amount to meet your needs.


Premiums, or payments, which can be the same amount or increase with time, must be made monthly, quarterly, semi-annually, or annually. If you die during the term of coverage, the face amount of your policy will be paid to your beneficiaries. Term insurance policies do not accumulate cash value and therefore usually offer lower premiums than other life insurance products with the same face value.


Universal Life Insurance

Universal Life is permanent insurance that has the potential to accumulate cash value. However, it offers additional features and options. For example, you can increase or decrease your policy's face amount to accommodate your changing protection needs. You can also increase or decrease the dollar amount of your premium payments and make additional lump sum payments to your policy.


Since a Universal Life policy accrues cash value, you can borrow against this cash value for any purpose.


You have the option to skip premium payments if your account has accrued sufficient value because the premiums will be taken from the accrued value. A Universal Life policy also has the potential to earn a higher rate of return than a whole life policy, although there is a risk that your rate of return could drop.


Whole Life Insurance

Whole Life Insurance is life insurance that you own for your entire lifetime. The amount of the death benefit or face amount can be selected to meet your needs.


Premiums, or payments, are fixed and can be paid monthly, quarterly, semi-annually, or annually. As more premiums are paid, your policy accumulates a cash value that grows on a tax deferred basis.


In essence, whole life is like buying a house versus renting it. The monthly cost is higher than it would be for a term life policy, but with each payment you make you gain equity. You can borrow against a Whole Life policy for any purpose. Loans, however, require you to pay interest and any borrowed amount you do not pay back is deducted from the payout to your beneficiary at the time of your death.


Final Expense Insurance

Your family means the world to you. The last thing you want is to leave them with major expenses after you’re gone. Final Expense insurance is life insurance that helps provide the money they may need to pay medical bills, funeral expenses, legal fees or unpaid bills. It is an insurance policy that lets you decide how your assets are distributed.

By planning ahead, you can help protect your loved ones from unnecessary financial stress when you die. And, you can distribute your assets in the manner you decide!


Burial and Final Expense Insurance

Why You May Want to Consider Burial Insurance and Final Expense Insurance

People who have lost a member of their family know how difficult loss can be. The emotions are overwhelming. However, often, there isn’t time to grieve because you need to quickly begin to deal with the financial implications.


The cost of a funeral can add up quickly. The last thing you or your family needs is to worry about is if you will be able to cover the funeral expenses. That is why planning ahead is critical.


Burial insurance or final expense insurance is a basic life insurance policy that typically covers people until they reach the age 100. It is an easy insurance to obtain, much simpler than complicated whole life or term policies. Depending on the policy, burial insurance or final expense insurance helps your family cover the expenses of a funeral and potentially other outstanding expenses.


Besides a sense of comfort that a final expense insurance policy can offer, it offers never changing premiums and permanent coverage making it a wise decision for your future.


Expensive Funerals

Funeral costs can add up, especially if you consider the:

  • Funeral service
  • Cemetery plot and headstone
  • Cost of casket
  • Funeral procession
  • Miscellaneous costs

These costs can quickly add up, making burial insurance a smart and pre-emptive decision. Don't make your loved ones worry about costs when the only thing they should worry about is grieving.


Call today to learn about burial insurance or final expense insurance policy so your family doesn’t have to worry about it tomorrow. 

Life Insurance Companies

  • AIG
  • Banner Life
  • Bankers Colorado Life
  • Columbian
  • First Protective
  • Foresters
  • Gerber
  • Great Western
  • Minnesota
  • Mutual of Omaha
  • Sentinel Life
  • Transameica
  • United Home Life
  • William Penn Association

Medicare Advantage Plans

Medicare Advantage Plans, sometimes called Part C, are health plan options that are part of the Medicare program. If you join one of these plans, you generally get all your Medicare-covered health care through the Medicare Advantage Plan. This coverage can include prescription drug coverage. Medicare Advantage Plans include:

  • Medicare Health Maintenance Organization (HMOs)
  • Preferred Provider Organizations (PPO)
  • Private Fee-for-Service Plans
  • Medicare Special Needs Plans

When you join a Medicare Advantage Plan, you use the health insurance card that you get from the plan for your health care. In most of these plans, there generally are extra benefits and lower co-payments than in the Original Medicare Plan.


Most Medicare Advantage Plans are managed care plans, usually a health maintenance organization (HMO) or a preferred provider organization (PPO) and you may have to see doctors that belong to the plan or go to certain hospitals to get services.


To join a Medicare Advantage Plan, you must have Medicare Part A and Part B. You will have to pay your monthly Medicare Part B premium to Medicare. In addition, you may have to pay a monthly premium to your Medicare Advantage Plan for the extra benefits that they offer.


In 2019, the standard Part B premium amount is $135.50 (or higher depending on your income). However, some people who get Social Security benefits pay less than this amount, $130 on average in 2018.

When Can I Enroll?

Keep in mind that Medicare limits when you can join, switch, or drop a Medicare Advantage Plan. You can join a plan when you first become eligible for Medicare. This is anytime beginning three months before the month you turn 65 and ends three months after the month
you turned 65.

  • For example, if you turn 65 on May 5, your eligibility period starts on February 1 and ends on August 31.
  • If you are disabled and have Social Security Disability Insurance, you can join an advantage plan three months before to three months after month 25 of your disability.
  • You can switch or drop your Medicare Advantage during an enrollment period between October 15 and December 7 of each year.

This information obtained from www.medicare.gov

By contacting the phone number on this website you will be directed to a licensed agent.

  • Medicare Advantage Plan Companies
  • Aetna PDP(s)
  • Anthem PDP(s)
  • Humana PDP(s)
  • United Healthcare (AARP)
  • Wellcare

Part D Prescription Drug Plans

You can sign up for Part D Prescription Drug Plans, which helps cover prescription drug costs, along with other components of Medicare starting three months before your 65th birthday.


It's important to do this on time because there's a permanent premium surcharge for enrolling more than three months after your 65th birthday if you don't have equivalent drug coverage from another source, such as a retiree plan.


Let us help you with your enrolment.


If you are already enrolled in a Part D "standalone" plan or a Medicare Advantage plan that incorporates drug coverage, you can switch plans during the open-enrolment period, which runs from Oct. 15 to Dec. 7 every year.


Making Part D work

Most Prescription Drug Plans have a coverage gap called a donut hole. This means there's a temporary limit on what the drug plan will cover for drugs. The coverage gap begins after you and your drug plan have spent a certain amount for covered drugs.


For 2019, you're in the coverage gap once you and your plan have spent $3,820 on covered drugs. People with Medicare who get Extra Help paying Part D costs won’t enter the coverage gap.


Once you reach the coverage gap in 2019, you'll pay no more than 25% of the plan's cost for covered brand-name prescription drugs. You get these savings if you buy your prescriptions at a pharmacy or order them through the mail. Some plans may offer higher savings in the coverage gap. The discount will come off of the price that your plans has set with the pharmacy for that specific drug.


In 2019, 95% of the price will count as out-of-pocket costs. These items aren't counted toward your out-of-pocket spending:


  • What the drug plan pays toward the drug cost (5% of the price in 2019)
  • What the drug plan pays toward the dispensing fee (75% of the fee in 2019)

Choosing a Plan

It pays to review your Part D coverage every year, especially if you have started taking new drugs.


  • Start at Medicare.gov, where you can find the basics about the benefit and Part D plans. There's a link to the Medicare Part D Plan Finder, which allows you to compare offerings and coverage options in your area and includes a helpful formulary finder that allows you to compare plans based on their coverage of your personalized list of drugs. It will even show you your monthly out-of-pocket drug cost for the year

Call us to help you understand your options.


Getting Financial Help

Individuals with annual incomes of less than $18,210 and financial resources of less than $14,100, or married couples with incomes of less than $28,150, might qualify for Extra Help from Medicare to pay their Part D premiums and out-of-pocket drug costs.


Download Medicare's instructions on applying for the Extra Help program.


Additionally, read about the six ways to lower your drug costs on Medicare.gov.

This information was obtained from www.medicare.gov


By contacting the phone number on this website you will be directed to a licensed agent.

  • Medicare Prescription Drug Plans Companies
  • Aetna Coventry PDP(s)
  • Anthem PDP(s)
  • Mutual of Omaha RX Value PDP
  • Silverscripts PDP(s)
  • Humana PDP(s)
  • Welcare PDP(s)

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