John Gay, CFP® of Frisco Financial Planning Named to Dallas-Fort Worth (DFW) “Best Financial Planners List”

John Gay, CFP® was recently named by his colleagues to the D Magazine List of the Best Financial Planners in Dallas-Fort Worth (DFW).
Frisco, TX: December 19, 2008 — John Gay, CFP®, a Certified Financial Planner(tm) practitioner in the Dallas suburb of Frisco was named by his peers in the January 2009 issue of D Magazine [...]

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How to Buy Life Insurance

Life insurance is primarily a product for families. If you have a spouse and children who depend on your income and you don’t have extensive resources, then life insurance is a useful tool to help them pay expenses. Single people without dependents typically don’t need the same amount of life insurance because they don’t have [...]

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Long Term Care Partnership Policies

As the number of older Americans has grown, so has the need for long-term care. To encourage more people to buy long-term care insurance, states have teamed up with private insurers to develop special long-term care (LTC) policies. These “Partnership” policies combine the features and benefits of traditional LTC insurance with Medicaid asset protection.
Individuals who [...]

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Insuring Your Vacation? Make Sure You Are Actually Covered

High energy costs, a tough economy, you name it; there’s still plenty of travel delays and headaches in the skies and on the ground. Those delays can potentially cost a lot of money, which is why it’s a good idea to carry travel insurance on expensive trips to cover missed connections that can delay your [...]

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The Pros & Cons of Self-Insuring Long-Term Care

Thinking about the potential impact of long-term care often involves considering whether to buy long-term care (LTC) insurance or to self-insure. Sometimes your options are limited. For example, poor health or old age may make the cost of LTC insurance too expensive for you, or you may be denied coverage altogether. Medicaid may not be [...]

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What are Medicare Advantage Plans?

Most people who are covered by Medicare are enrolled in original Medicare. Original Medicare includes Part A, which helps cover inpatient hospital care, skilled nursing care, hospice care, and some home health care, and Part B, which covers medically necessary services, including doctor’s visits, outpatient care, and some preventative services.
As an alternative to original Medicare, [...]

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Can I Get Life Insurance After a Serious Illness?

any Americans lack sufficient life insurance to provide financial security for their families. If you’re in good health, you can probably get the life insurance you want at a relatively affordable cost. But what if you have an existing medical or health-related condition? What if you’ve had a heart attack or cancer? Can you still [...]

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Women Need Life Insurance, Too

Today, women have more financial responsibilities than ever before. But, according to the LIMRA report entitled U.S. Individual Life Insurance Sales Trends (2007), women are still underinsured. To be sure, life insurance planning is now just as important for women as it is for men.
Income replacement
Life insurance can be a useful tool for replacing income [...]

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Just When I Thought I’d Heard it All: Birthday Insurance

How great would it be to get a card and a check from your grandfather each year on your birthday for the rest of your life, long after he’s buried?
Not very? My sentiments exactly.
Consumers already have plenty to dislike about the insurance industry, and this kooky product is one more to add to the [...]

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Should I Prepay My Funeral Expenses?

In a word, No.
Prepaying funeral expenses is essentially a form of life insurance. Insurance works best when it covers expenses that are catastrophic if they happen, but have a low likelihood of happening.
Funeral expenses don’t fit either criterion: there’s a high likelihood that you are going to die (in the neighborhood of 100%) [...]

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