Life Insurance Medical Group Management, LLC.®. LiMGM®

We Offer Term Life and Whole Life Insurance

Love has Many Forms®

A life insurance policy is a safety net for some pretty important people count on you. Life insurance can give you the peace of mind that comes from knowing that they’ll have what they need, even if you’re not here to give it to them

Call our Licensed Agent today.

Call us – 281-676-4347

Life Insurance in Katy, TX with Affordable Coverage

• Initially, less expensive form of life insurance.

• Provides a death benefit, but typically no cash value.

• Provides coverage for a limited time period (term), if premiums are paid.

• May be renewable or convertible.

You can convert any Term life insurance coverage to permanent coverage, regardless of your health status. Conversion options will vary by state and with some term policy types by age

With Term Life Insurance, you can choose between 10, 20, or 30 years of coverage and a guaranteed benefit. You pick the length of time depending on how long you need it. You can also keep your policy in force, after the initial term, at an increased cost up to age 95.2

LiMGM ® Life Insurance Medical Group Management, LLC®

LiMGM® We Offer Whole Life Insurance.

Life Insurance Medical Group Management, LLC®

Life Insurance Agent in Katy, TX with Affordable Coverage

Whole Life Insurance Call our Broker today

281-676-4347

helps your family prepare for the unexpected. The guaranteed death benefit can help replace a family’s loss of income, and mortgage costs, or educational needs or to leave a legacy for the next generation. Over time, these policies build cash value that grows tax-free. This “living benefit”1 can be accessed during your lifetime.

Whole Life insurance policies offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force.
Policies can be paid with a single premium, premiums payable to 100, or premiums payable up to a limited number of years.
While policy loans do accrue interest daily, any outstanding policy loans and interest will reduce the death benefit and cash value.
While not guaranteed, policy may earn dividends that can be paid in cash, used to reduce policy premium, accumulate as interest, or pay for additional insurance.

Life Insurance in Katy, TX with Affordable Coverage Limited Pay– Life Insurance is a lifetime of benefits without a lifetime of premiums. Pay premiums for 10, 15, or 20 years. Your choice.

Life Insurance in Katy, TX with Affordable Coverage Single Premium -Life Insurance offers

Immediate Protection without additional payments ,One premium payment, a lifetime of benefits.

LiMGM ® Life Insurance Medical Group Management, LLC

LiMGM® We Offer Universal Life Insurance

Life Insurance Medical Group Management, LLC.®

“Why this type of coverage because it Provides Flexibility”

If seeking a flexible way to help protect your loved ones and build tax-deferred cash value, a Universal Life policy may be what you need. While this flexible permanent protection is ideal for those potentially seeking to adjust coverage and premiums to meet changing needs, it can be structured as a Survivorship or Joint policy.

Typical Uses for Universal Life Insurance

Helps provide for a family’s loss of income, mortgage costs, and educational needs.
Access to cash value (“living benefits”) for life’s opportunities
Estate, special needs, and business planning.

Life Insurance in Katy, TX with Affordable Coverage – Universal Life Insurance

This permanent policy allows you the flexibility to raise or lower your coverage or your premiums as needed. It even helps you potentially build account value you can use during your lifetime.

Need help choosing a policy? (Great for contractors or for 1099 worker waiters/ waitresses)

Life Insurance in Katy, TX with Affordable Coverage – Survivorship Universal Life Insurance

Covers two people. The death benefit is paid when the last person insured under the policy dies. Survivorship Universal Life is an efficient way to assist with a variety of planning needs such as cash

for estate expenses, business transition planning or funding a special-needs trust.

Need help choosing a policy?

Life Insurance in Katy, TX with Affordable Coverage – Joint Universal Life Insurance

Covers two people. The death benefit is paid upon the first death of the insureds. Joint Universal Life offers an economical way of providing permanent coverage for two individuals under one policy. It could provide real financial security for your loved ones, helping them pay the mortgage, fund a college education, and pay off monthly bills.

LiMGM ® Life Insurance Medical Group Management, LLC

We Offer Rider Coverages

Life Insurance Medical Group Management, LLC.® LiMGM®

Optional and available for an Additional Cost

Adding this rider to your Universal Life insurance policy benefits you by providing money to meet long-term care expenses if you incur them. However, if you don’t use this rider, the death benefit provided by your life insurance policy will be there for your beneficiaries.
Family Coverage — Term life insurance on your spouse and children can be included on your base coverage by purchasing separate term riders, subject to insurability. The additional level term rider may not be available in all states.
Disability Waiver of Monthly Deduction — The cost of life insurance, optional coverages and the monthly expense charge can be waived during certain periods of total disability as defined in the policy and lasting six continuous months.
Guaranteed Insurability Option — You are guaranteed the right to increase your life insurance coverage by the amount of the rider on specific option dates without evidence of insurability. The waiver of monthly deduction for disability benefit must be present in order to add this coverage. When you marry or become a parent, you may exercise the next available option;

LiMGM ® Life Insurance Medical Group Management, LLC®

LiMGM® We Offer Optional Coverages

Life Insurance Medical Group Management, LLC.®

Optional and available for an Additional Cost

Flexible Care Benefits — Adding this rider to your Universal Life insurance policy benefits you by providing money to meet long-term care expenses if you incur them. However, if you don’t use this rider, the death benefit provided by your life insurance policy will be there for your beneficiaries.

Family Coverage — Term life insurance on your spouse and children can be included on your base coverage by purchasing separate term riders, subject to insurability. The additional level term rider may not be available in all states.

Disability Waiver of Monthly Deduction — The cost of life insurance, optional coverages and the monthly expense charge can be waived during certain periods of total disability as defined in the policy and lasting six continuous months.

Guaranteed Insurability Option — You are guaranteed the right to increase your life insurance coverage by the amount of the rider on specific option dates without evidence of insurability. The waiver of monthly deduction for disability benefit must be present in order to add this coverage. When you marry or become a parent, you may exercise the next available option.

The purpose of this communication is the solicitation of insurance.

Contact will be made by an Licensed agent/insurance producer or insurance or company.

LiMGM ® Life Insurance Medical Group Management, LLC®

Considering Life Insurance Change of policy?

Reasons you might want to switch your Life Insurance Policies If reasons you might want to switch or convert your Life Insurance Policies.

A good policy could be made better if you the policy holder is looking for better coverage or something has changed.
If you believe you can find better coverage or cheaper premium rates with another company.
If you’ve had a bad experience with your insurance company and no longer want to work with them.
If you needs have changed: your children have grown and no longer need support, you’ve gotten divorced or your current level of coverage is no longer necessary.
If You’ve decided to switch from a term policy to whole life insurance to take advantage of the cash value or, conversely, you’d like to cancel your whole life policy for the simplicity of term.
You’ve reached the end of the term policy, but still need coverage of some type.
You can no longer afford the premium payments. If you’re considering making changes to your life insurance policy.

In switching your policy there are a few steps Choose the type of life insurance you want. The first step is to choose if you want to change a term or whole life insurance policy. Note: These policies can also be more expensive as you get older. Annuities and cash-value policies, such as whole, universal and variable life products, can be more complex.
Re-Determine how much coverage you need. After you determine how long you want your new policy to be based on which type of policy you get, you need to decide how much more or less coverage you want.
See if you can adjust your policy instead. After you know what changes you want, talk to your current (Agent) insurer to see if there’s a way to adjust your policy to what you want. It might or might not be an option.
Make sure your policy is active. You don’t want a gap in coverage. There may be a waiting period before your new policy depending on the type new coverage you might obtain.

LiMGM ® Life Insurance Medical Group Management, LLC®

LiMGM® We Offer Supplemental Insurance

Life Insurance Medical Group Management, LLC.®

Supplemental health insurance is additional insurance you can purchase to help individuals and families deal with additional medical care and the extra costs associated with hospital stays.

Supplemental Insurance Coverage Help ensure you’ve provided for these and other potential extra costs.

Deductibles and co-insurance amounts
Private room and private duty nurse fees
Outpatient surgery
Emergency room visits
Extra transportation, lodging, or meals
Unexpected child care

Supplemental Plan Availability State Supplemental Insurance Benefits

Not only can supplemental insurance help pay for things not covered by your primary health insurance policy, but it also has other advantages.

Coverage begins on the first day of the hospital stay; there is no deductible.
Covered hospital stays are payable for up to one year for the same or related condition.
Reimbursements are paid directly to you, unless you tell us otherwise.

Talk to us About Medicare Supplement Insurance The purpose of this communication is the solicitation of insurance.

LiMGM ® Life Insurance Medical Group Management, LLC®

LiMGM® We Offer Medicare

Life Insurance Medical Group Management, LLC.®

Medicareinkaty.com

Help us help you pick up where Medicare Leaves Off

Medicare Supplement insurance coverage helps pay some of your share of the health care costs not covered by the Medicare Plan; such as deductibles, coinsurance, and copayment amounts. Some Medicare Supplemental insurance plans also cover certain hospital or medical services not covered by Medicare.

Don’t Let Medical Expenses Deplete Your Savings

Medicare Supplement insurance plans are available to you if you are 65 or older and have enrolled in the Medicare Plan, Parts A and B. And in some states, coverage is available if you are under age 65 and are Medicare eligible due to disability or End State Renal Disease

(permanent kidney failure requiring dialysis or a kidney transplant).

To learn more about Medicare Supplement health insurance Plans in Texas.

• The importance of individual major medical coverage Individual major medical coverage provides the essential benefits required under Affordable care Act

• Qualifying for subsidies Federal or State Marketplace that can lower the amount you spend on your monthly premium through advanced tax credits and/or subsidies.

• Under the Affordable Care Act, Americans making between 100% and 400% of the federal poverty level.

If you are currently covered contact us if you are considering changing you plan.

LiMGM ® Life Insurance Medical Group Management, LLC.®

We Offer Long-Term Disability Insurance

LiMGM®

Life Insurance Medical Group Management, LLC.®

Most of us don’t realize the high risk of becoming permanently or temporarily disabled at some point of our lives. cover your expenses for weeks, months, or even longer with Long-Term Disability Insurance.

How Does Long-Term Disability Insurance Work?

It pays monthly income directly to you when you’re unable to work because of a covered total disability.
You choose the length of time you must be disabled before you start receiving benefits (Elimination Period) and the length of time you would receive benefits.
Options include a five-year benefit period or a “to age 67” benefit option.
Maximum monthly benefit amounts range from $500 to $20,000, based on your income and occupation.
You can customize your coverage with different riders.

By Owning A Long-Term Disability Insurance Policy, The Monthly Benefit Can Help:

Pay your bills
Pay your rent or mortgage loan payments
Buy groceries
Make car payments

Collecting Social Security

Because the definition of disability is very strict (the disability must be expected to last 12 months or more, or result in death), 65 percent of all claims submitted are denied. In 2016, the average Social Security benefit amount was $1,166 per month.***

Consider Long-Term Disability Insurance

For additional information on long-term disability insurance or schedule some time with a o talk about your disability insurance needs.

Short-Term Disability Insurance

If you receive a paycheck, here’s a way to protect your earned income. A short-term disability policy offers you income protection to help cover monthly expenses (such as mortgage, rent, utilities, or car loan) if you’re unable to work because of a total disability due to illness or injury.

Policy options are designed especially for short-term disability. They include one- and three-year benefit periods, with a monthly benefit amount ranging from $300 to $3,000 (subject to your income and occupation class).

LiMGM ® Life Insurance Medical Group Management, LLC.®

LiMGM® Medicare HMO

Life Insurance Medical Group Management, LLC.®

Medicare Health Maintenance Organizations (HMOs) are private plans that the federal government pays to administer Medicare benefits. Like all Medicare Advantage Plans, HMOs must provide you with the same benefits, rights, and protections as Original Medicare, but they may do so with different rules, restrictions, and costs.

Some HMOs offer additional benefits, such as vision and hearing care. Eligibility and costs basics You must have both Parts A and B to join a Medicare HMO. Generally you will continue paying your Medicare Part B premium, though some HMOs will pay part of this premium. Some HMOs may charge an additional premium, on top of your Part B premium. If you want Part D coverage, you will receive it through your HMO. Plans may charge a higher premium if you also have drug coverage.

Note: If you join a Medicare Advantage Plan and you want Part D coverage, you must receive coverage from your plan. You cannot enroll in stand-alone Part D coverage unless you join a Medical Savings Account (MSA) or Private Fee-for-Service (PFFS) plan that does not offer prescription drug coverage.

Benefits Access Basics

Once you have joined an HMO, you should receive a benefit card from your plan. You will use your HMO benefit card instead of your Medicare card when you go to the doctor or hospital. In most HMOs, you must see in-network providers to receive coverage, unless you need emergency medical treatment.

Some HMOs offer a point-of-service (POS) option, which allows you to go out of network for certain services. In these cases, you will be covered but usually at a higher cost. Medicare HMOs are not available everywhere. We can Check the availability

First, make sure that there’s an HMO in your area. You’ll have to live or work in an HMO service area to join. • Remember that while your overall costs might be lower in an HMO, your choices of doctors and hospitals might be more limited. You must usually use doctors and hospitals in your HMO’s network.
Ask the HMO or your employer’s benefits coordinator these questions:
Are my doctors in the HMO’s network?
Which hospitals and specialists are in the network?
What will my expenses (premiums and copayments) be?
What is the maximum amount I’ll have to pay out of pocket?
Do I have to pay a deductible for health care services?
Is the plan a regular HMO plan or is it a more limited consumer choice health benefit plan? If it’s a consumer choice plan, what services are excluded. Does the plan provide all the coverage I need?
A health maintenance organization (HMO) is a type of health plan that provides care to members through a network of doctors, hospitals, and other providers. The providers in an HMO’s network have agreed to treat HMO members at a discounted rate. This allows the HMO to control costs, so out-of-pocket costs are generally lower in an HMO than in other types of health plans.

Denials of services, treatments, or medications

HMOs will pay only for services, treatments, and prescription drugs that are medically necessary. The process they use to service.
HMOs must have a process for you to appeal decisions to deny coverage for a treatment or service. You may also appeal.
HMO’s decision to deny a prescription drug because it’s not on the approved list.
If you lose your appeal, you can ask for an external review by an Independent Review Organization (IRO) to review the denial. RO
You can ask for an external review if the HMO decides that the covered service or treatment isn’t medically necessary or is experimental or investigational. You can’t ask for an IRO review if your HMO denied the treatment because the HMO doesn’t cover it.

LiMGM ® Life Insurance Medical Group Management, LLC.®

Customizing your Policy

You can usually add features or other coverages to your policy so it better suits your needs. You do this by buying policy riders. Some of the most common riders are:

Additional term insurance adds term life coverage to a permanent life policy. For instance, if you need $500,000 worth of total coverage, you could buy a $100,000 whole-life policy with a $400,000 term life rider. As you make more money, you could convert the term life rider into a universal life policy or buy an additional whole-life policy.
Guaranteed insurability lets you buy additional coverage regardless of your age or health. The company may still use these factors to decide on your premium. You usually must buy the additional coverage by a specified date or life event, such as when you retire or before you turn 50.
Accidental death provides an additional payment if you die because of an accident. For instance, if you have a policy with a $500,000 death benefit and a $500,000 accidental death rider, your beneficiary would get $1 million if you die because of an accident. There are some restrictions.
Disability waiver of premium covers the premium if you meet the policy’s definition of disabled. This rider is usually only available to people younger than 60.
Accelerated death benefit option prepays some or all of the death benefit while you’re still living. You must have a terminal illness, specified disease, or long-term care illness. People often buy this rider to help pay long-term care expenses in case they need them later.
Spousal rider provides term life insurance for your spouse. Basically, this rider combines two policies into one.
Children’s rider provides term life insurance for your children. Most companies require the child to be at least 14 days old. Coverage typically lasts until the child turns 21 or 25.

LIMGM ® Life Insurance Medical Group Management, LLC.®

LIMGM ® Burial Insurance/Death Insurance

Final expense insurance, also known as burial insurance, is a type of life insurance that is specifically designed to cover outstanding expenses and funeral costs after a loved one passes away. Unlike pre-paid funeral plans, final expense insurance can be used by the beneficiary you designate as and where needed rather than being limited to specific funeral services and providers. With the cost of an average funeral running into the thousands, a final expense policy can provide much needed protection from not only burial expenses, but also any remaining medical costs, potential legal costs as well as other outlays.
Final expense policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. These type of policies generally don’t require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues.

LiMGM ® Life Insurance Medical Group Management, LLC.®

How life insurance pays the death benefit

Companies usually pay the death benefit as a single lump sum, but there are other options. Either you or your beneficiary chooses how the death benefit will be paid. Common options include:

• Interest option. The insurance company keeps the death benefit and pays the interest to your beneficiary at regular intervals.

• Fixed period. The company pays the death benefit at regular intervals, with interest, over a chosen period

• Life refund. The insurance company pays a set monthly amount to the beneficiary for the rest of his or her life. Under this option, the beneficiary could get more than the policy’s stated death benefit if he or she lives longer than expected.