Is Term Life Insurance an effective solution?

Term Life Insurance is affordable and can hedge against loss of income, final expenses and mortgage protection. Most insurance carriers would cover for a term up to 30 years or ages 80 to 85, whichever is the lesser term. Unlike term life, permanent life (Whole Life and Universal Indexed Life) is a solution that covers you for as long as you live and build cash value that can be utilized to supplement retirement income among with other well structured living benefits if your policy accommodates. Term Life Insurance does not build a cash and / or surrender value!

Apply now for a fast decision!

https://linktr.ee/bordeassociatespa

•10, 15, 20, 25, 30 year level term options

•Between $50K-$1.5M in life insurance coverage

•No medical exam — ever!

What are Health Savings Account (HSA) benefits & eligibility?

Health Savings Account (HSA) is an alternative retirement tool / savings account.

• HSAs let you set aside pre-tax income to cover healthcare costs that your insurance doesn't pay.
• You can only open and contribute to an HSA if you have a qualifying high-deductible health plan.
• For 2022, the maximum contribution amounts are $3,650 for individuals and $7,300 for family coverage. If you are 55 or older, you can add up to $1,000 more as a catch-up contribution.
• HSAs have no use-it-or-lose-it provision. Any funds still in the plan at the end of the year can be rolled over indefinitely.

 

 

 According to federal guidelines, you can open and contribute to an HSA if you:

• Are covered under a qualifying high-deductible health plan which meets the minimum deductible and the maximum out of pocket threshold for the year

• Are not covered by any other medical plan, such as that for a spouse
• Are not enrolled in Medicare
• Are not enrolled in TRICARE or TRICARE for Life
• Are not claimed as a dependent on someone else's tax return
• Are not covered by medical benefits from the Veterans Administration. However, as of 2015, veterans enrolled in a high deductible health plan and who have a service-connected disability can make or receive HSA contributions regardless of if or when they received VA benefits
• Do not have any disqualifying alternative medical savings accounts, like a Flexible Spending Account or Health Reimbursement Account

Reach out to us for any questions or to help you setup! We work with individuals, families & groups in Florida. 

www.baapa.us

321-252-2340