Life Insurance McKinney TX | Call 972-521-3880

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James Flynn Insurance Agency
7850 Collin McKinney Parkway Suite
McKinney, Texas 75070
United States
(972) 521-3880


James Flynn Insurance Agency gives McKinney customers the highest quality Whole Life Insurance products and services. Our orgranization specializes in whole life insurance, life insurance and life insurance quotes. James Flynn Insurance Agency has developed into McKinney Texas’s Whole Life Insurance Industry leader. Our exceptional customer support staff looks forward to helping you. For further information call us at: (972) 521-3880

Term Life Insurance vs. Whole Life Insurance

Choosing a life insurance policy can be a confusing process. You may have a lot of different options available to you depending on your personal circumstances. There are two main types of life insurance. Both term life insurance and whole life insurance can provide you with the benefits you and your family will need if something happens to you. However, which is the better option for you and your loved ones? It’s important to remember that there is no one-size-fits-all option.

Term life insurance policies are set in place for a fixed period. The owner of the policy makes payments in return for coverage during that time. The shortest amount of time that most term life insurance plans can cover is one year, but it is far more common for people to purchase policies that cover 10, 15, 25, or 30 years. If you die during the period of coverage, your insurance money will be paid out to your beneficiary. This is usually your spouse or your dependent children. They will be able to receive funds disbursed from the insurance company in order to cover funeral expenses as well as provide for living costs. Term life insurance is very affordable and is good for short-term goals.When shopping you will quickly find the best life insurance companies offer a lot of different options with whole life policies. Whole life insurance has a few distinctive categories. One type is referred to as a non-participatingpolicy. This is where important values, such as premiums or death benefits, are decided upon when the policy is issued. These cannot be altered over the life of the policy. If you choose this option and your original estimates for death and survivor benefits are too low, then the insurance company will make up the difference. If your estimates turn out to be too high, then insurance company keeps the difference. Another type of whole life insurance, called a participating policy, is an arrangement where excess profits or dividends are shared by both the insurance company and the policy holder. As a bonus, these dividends. are usually not taxable. The premiums for any whole life policy quickly become a stable and expected part of your budget. It grows a cash value that can provide for your family if you die unexpectedly.

Purchasing a life insurance policy can be a great way to plan for the future, but you should do your research before you commit to any one plan. Talk to a life insurance agent about your life circumstances and get professional advice on the options available to you.

Figuring Out Your Medical Supplemental Insurance Options

When you are age 65 or over, you can get coverage for a number of your healthcare needs by using original Medicare, either Part A or Part B. However, not all of your needs will be covered by the original Medicare insurance so you may want to take a Medicare supplemental insurance policy into consideration. These policies, which are also known as Medigap policies, are basically insurance policies that are sold by a variety of companies that provide private insurance. These policies will work to cover a lot of the expenses out of pocket that would normally need to be covered by the original Medicare plan.

As a whole, you are going to see that the Medigap policies will not be able to cover you for long term care, dental or vision care, eyeglasses, private duty nursing or hearing aids. Because the Federal laws will allow for private insurance companies to offer the newer Medigap benefits to consumers, there are a number of providers that are starting to offer hearing and dental related policies. If you are curious as to what you may have covered, it is important that you ask questions when you get your first set of Medicare supplement quotes.  Getting Medicare supplement quotes is really easy.  Use the form at Medicaresupplementquotes.net and you will get a customized set of medicare supplemental insruance quotes to help you get started with your search for the right plan.

When it comes to qualifying for any type of Medigap policy, you will need to already have both of the Medicare Part A and Part B coverage plans. Your Medigap policy will actually only cover one individual. Because of this, if you are a married couple, each of you will need to purchase your own policy under your name. It goes without saying that the Medicare and Medigap supplemental insurance is a great option for anyone who is currently on Medicare Part A and Part B. When you are ready to sign up for coverage, it is always a good idea to look over all of the information and compare pricing to make sure that all of your needs will be met.

Life Insurance Is A Wise Investment

One of the most effective ways to make sure your family is well cared for in the event of your death is to invest in a good life insurance policy.  It is only natural that no one likes to think about dying.  However, purchasing life insurance is a proactive step that can be taken just in case tragedy strikes.  You wouldn’t want your family to have financial worries and stress on top of everything else they were facing.  That’s why selecting the best insurance policy for your family as well as yourself is so important.  Here are some helpful suggestions to help you with making this critical decision.

To find the best plan, first you need to figure out how much coverage is needed.  Be sure to take into account your fixed as well as recurring expenses.  Another thing life insurance can be used for is paying funeral costs and other one time expenses.  Funeral costs can get quite expensive and add unnecessary stress to a family that is already grieving.  There are numerous online calculators that can be used to determine the amount of insurance coverage you need.  You insurance agent also can assist you.  One quick ballpark figure that is frequently used to figure out the amount of insurance coverage that will be needed is eight times your salary.

life insurance documentsBefore buying any insurance, make sure you get answers to all the important questions.  Is the term life insurance policy you are considering convertible?  If so, for how long?  Find out if it can be renewed and if it will need to be re-qualified.  Will you be able to cancel it?  Are there any exclusions?  Learn as much as you can about an insurance policy before purchasing it.  This will enable you to choose the best one to provide for your family.

When it comes to protecting your family’s financial future, a good life insurance policy is an absolute necessity.  There are numerous options available to you.  At first it may seem overwhelming, trying to sort through all of them.  However, if you follow the basic steps discussed here, it should help with making your decision easier and clearer.  Contact your insurance agent.  If you don’t have an agent I like the team at the Goldsmith Insurance Agency, because of their versatility and ability to work with pretty much any type of life insurance.  Then discuss these tips and figure out the best way to ensure your family’s future financial security.

Finding Affordable Life Insurance with Hepatitis C

If you have Hepatitis C, you already know that you face many challenges in your day to day life that people without Hepatitis C could’t even begin to understand. One of those things, are all of the challenges that come along with trying to obtain life insurance with Hepatitis C.

Many people who are affected by the disease have come to believe that they are completely ineligible to take out any kind of life insurance at all. Fortunately for those suffering from Hepatitis C, that is not at all the case and there are more options for life insurance with Hepatitis C than ever before.

The way to get yourself a plan, and one with decent rates to boot, is simply finding the right life insurance company based on your specific Hepatitis C details. Most insurance companies, when assessing you will take a look at two things. First, is how much damage your liver has sustained and the second is whether or not your Hepatitis C is in remission or not. You should be able to figure out which are the signs that are seen as positive and which ones are seen as negative as well. This means that the best rates will be given to those who are in remission and have only received minor or no damage at all to their livers.

If your condition is showing minor symptoms or minor liver damage, then you will be considered a substandard risk, but don’t worry, because you are definitely still insurable. In a case like that, the best way to get a good rate is to have a liver biopsy from the last five years, although the more recent the better. Even though this biopsy is not required, it is still recommended and will help you to convince the insurance companies that you are insurable.

So if you have been scared away from the prospect of obtaining life insurance because you didn’t think you were insurable – you need to stop thinking like that immediately. You are most definitely insurable, it is just a matter of finding a life insurance company that is willing to work with your specific needs and showing them the details they need to see to feel secure about your situation. Remember, life insurance protects one of the most valuable assets you own – your life. Don’t go another day without being protected.

The Benefits of Burial Insurance

There are only two things certain in life – death and taxes – I think that’s what they say. Everybody is going to die sometime so a little forward planning will certainly not be a waste of time. Knowing that you have adequate burial insurance can give you and your family a certain peace of mind.
Nobody wants to leave the burden of their funeral expenses to their families so the least you can do is to get burial insurance to be sure that they won’t have to worry about it.
Burial insurance is really a life term insurance policy which is designed to pay for all of your funeral expenses.  Death doesn’t come cheap you know, we’re all going to do it but it is often one of the most expensive things you’ll do in your lifetime after buying a house, getting married and raising children. Not a nice thought is it? Burial insurance makes sure that it’s all taken care of spreading the cost over affordable monthly repayments.
It is important that you have adequate burial insurance cover to pay for the type of send-off you have in mind. Cremations are significantly cheaper than burials but even so you are probably looking at thousands of dollars after everything has been taken into account:

  • Funeral home fees
  • Transport to the crematorium or cemetery
  • Cemetery fees
  • Casket
  • Tombstone
  • Flowers
  • Legal fees

There might even be enough money left over to pay for the family gathering afterwards.
Some people have the foresight to take out more burial insurance than they’re actually going to need to pay for their funeral expenses so that there is money left over to sort out things like loan repayments, mortgages, car payments etc.
The bottom line – if you have sufficient burial insurance then your family don’t have to worry about finding a large sum of money when they are in an already emotional state. It’s one less thing that they’ll have to worry about.

Transitioning to Medicare

Medicare can be an easy transition if you know what to expect and ignore the massive amount of mail that is sitting in your mailbox each day.  For most people you can get by this transition by knowing that when it comes to Medicare there are parts and there are plans.

The Parts of Medicare

There are three parts of Medicare that work together to provide you with health insurance coverage.  Part A is designed to help with the expenses of being admitted to the hospital, hospice care, and skilled nursing care.  Medicare Part B is there to help with out-patient services.  These include doctor’s office visits and many minor surgeries.  Basically if you do not get admitted to the hospital and you are not dying then Part B is what you will be using.  Medicare Part D is designed to help with the cost of prescription drugs.  These three pieces make up what most people would call “Traditional Medicare Coverage.”

Most people see me talk about Part A, Part B, and Part D and they ask, “What happened to Part C?”  Part C does not work with the other three it is instead a program called Medicare Advantage that replaces traditional Medicare coverage with a private insurance policy.  These policies are subsidized with the money that would normally get spent on your Medicare coverage and can be a great option for people who do not travel long distances.

Medicare Supplement Plans

Once you have your Medicare in place you will quickly realize that there are gaps in the coverage that Medicare provides.  This means that people on a fixed income could be in a position where they have to deal with a large bill after an extended hospital stay or a series of out-patient services.  To help with this private insurance companies partnered with the government to provide Medicare supplemental insurance.  These Medigap plans are designed to fill the coverage gaps in Medicare Part A and Part B.  There are ten plans in all and each one covers a different number of the gaps. The same plans have been adopted by 47 of the 50 states, with the exceptions being Massachusetts, Wisconsin, and Minnesota, whom have adopted their own standardized plans. What that means is that the best Texas Medicare supplement is no better in coverage than the same California Medicare supplement.

The vast majority of people on traditional Medicare coverage can benefit from one of these plans to make sure they only have to deal with a monthly bill instead of a large out of pocket health expense.

By getting the idea of parts and Medicare supplement plans in your head you can easily handle your transition to Medicare health insurance.

Tips to Protect Yourself Against Bank Account Fraud

3d man tied with text 'fraud' after committing crime.Everyday an amazing number of people fall pray to bank account fraud. The fact is, unless care is taken, it can happen to anyone. This article provides some tips to protect you against bank account fraud.

Protect Your Information

The first, and most basic, tip is to protect your important personal information. That means to store securely any personal information that could be used to gain access to your bank account. This means more than protecting a sheet of paper with the vital information for your account. You should keep protected and secret every piece of information that might be used to gain access and entry into your account.

If you keep account numbers in your computer, or on your cell phone, they should be kept in an encrypted file. Your personal computer should require access by use of a password that is at least eight characters long. That password should include upper and lower case letters, numbers and at least one special character. You should not use the same password on your computer, your cell phone and individual documents.

Guard Against Scams

Remember that few things in life are free. If someone offers you something for nothing or something that seems too good to be true, it probably is too good to be true. Beware of giving out any of your personal information to anyone you do not know, especially if they have approached you unexpectedly. There are many offers that come by Internet or mail offering apparently innocuous things that could be interesting. Do not give out any of your personal information to these contacts. If you receive a letter, or email from an unknown address, the best thing you can do is discard the mail and not respond.

Criminals have spent lots of time studying how to get information, one piece at a time, until they have enough to approach your bank and take your money. One way criminal elements get into your bank account is when they offer something useable for a fair price. They get you to provide your information, including your bank account, or credit card number and then bill you every month. Usually buried deep in the fine print of the agreement you checked, without reading in full, was a declaration that they could charge your account each month until you informed them in writing to stop.

The bottom line is to avoid giving any information to anyone on any transaction unless you are the one that initiated the transaction. Only buy things online from major, well known, Internet sellers, such as E-bay, Amazon. Be wise and never expect something for nothing. The only things you can get for nothing is having your bank account emptied when you can least afford it.