Insurance for all stages of your life

Attention your 2012 health and prescription drug plans. It might seem like all your insurance worries are behind you until next fall. But think again. 

Do you own life insurance?

Are you over 70 1/2 and needing to draw out your annual Required Minimum Distribution from your retirement accounts?

If you have not spoken with your insurance agent or financial advisor, now is the time to do so to make sure that all is in order. We'll be glad to take a look at your policies and make sure that the choices you've made in the past are still the choices you would make today.

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Annual Medicare Open Enrollment ends on Wednesday, December 7. If you haven't yet checked out the changes to your 2011 Medicare Prescription Drug Plan, it may cost you hundreds of dollars in 2012. Take time to make sure that money stays in your pocket where it belongs! Let us know if you need help.

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TV ads abound and mailboxes overflow with information about Medicare's Annual Enrollment Period. From now until December 7, 2011, Medicare beneficiaries may enroll in or change their Medicare Advantage Plan or  Prescription Drug Plan for 2012. Even if you are pleased with your present plan, it's worth a little of your time to read the plan's annual notice of change document. Medicare Plans make changes every year and you don't want to be caught by surprise.

If you are confused by the mountains of paper coming your way, call on us, your local independent agents, for some help. We'll be glad to help you make sense of things and make smart decisions for the coming year. Not paying attention may cost you money!!! Personal attention in the privacy of your own home. Call 282-5252.

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At Grondin Associates, many of our clients are senior citizens. Today, something on the web caught my eye. It was a website geared specifically to seniors. As I read the information, I was HORRIFIED at all the misinformation given there. I'm sure the creators of the website had the best of intentions, but their information was just plain WRONG. Do your research and talk to an independent agent before making a choice that may cost you money and lots of aggravation. We're here to help.

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Yesterday we worked on the case of an 80 year old client who has $35000 in an IRA.  He must take the required minimum distribution each year, but he doesn't want to. His goal is to leave his money to his family. One solution, buy a fixed indexed bonus annuity. He will be able to take his RMD and maintain most of his money to pass on to his children. If he pays a single premium of $35000 and takes takes the RMD from the annuity each year, at age 87, his death benefit will still be $29,750. Isn't that amazing! He had no idea it could be done. Leaving the money in his IRA and just taking the RMD would leave far less for his heirs.

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