Medicare Questions & Answers: Life Insurance

Life Insurance Q&A

Showing 2 questions

Answered by Gregg Matheny Medicare Insurance Agent

Gregg Matheny

Matheny Insurance Group • Prescott Valley, AZ

How does life insurance contribute to financial planning?

Life insurance can be very crucial to financial planning. Life insurance is something that should be in investigated sooner rather than later. A good benefit Rich policy May offset Some costs in the case of a passing that incurred medical debt.
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Answered by Larry Dalton Medicare Insurance Agent

Larry Dalton

D&D Ins. Group, LLC • Durant, OK

I've heard that once you're on Medicare, you might not need life insurance as much. Is that true?

The United States formed Medicare in 1965 to help seniors with their healthcare. Medicare and life insurance serve two different purposes. Medicare doesn’t replace life insurance, or offer death benefits, or cover expenses after death.

However, Medicare will pay a lump sum of $255 to help with your barrel arrangements.
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