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Life Insurance Demystified: Whole Life vs. Term Life - Which is Right for You?

Life Insurance Demystified: Whole Life vs. Term Life – Which is Right for You?

Posted on by Shield Insurance Agency

Shield Insurance Blog | Term Life | Contact the office to get started!

Shield Insurance Agency offers TERM LIFE Insurance, ask us why we donn't recommend Whole or Universal Life Insurance

When it comes to life insurance, many people find themselves overwhelmed by the options available. With so many different types of policies and coverage options, it can be challenging to determine which one is right for you and your family. Two of the most common types of life insurance are whole life and term life insurance. In this blog post, we will demystify these two types of policies and help you make an informed decision.

Whole Life Insurance: A Lifetime of Protection

Whole life insurance, as the name suggests, provides coverage for your entire life. This type of policy offers a death benefit to your beneficiaries upon your passing, regardless of when that may be. Additionally, whole life insurance policies have a cash value component that grows over time. This cash value can be borrowed against or withdrawn, providing a source of funds for emergencies or other financial needs.

One of the key advantages of whole life insurance is its permanence. As long as you continue to pay your premiums, your coverage remains in force. This can provide peace of mind, knowing that your loved ones will be protected no matter when you pass away. Whole life insurance also offers a level premium, meaning your premium amount remains the same throughout the life of the policy.

However, whole life insurance tends to be more expensive than term life insurance. The cash value component and the lifelong coverage come at a higher cost. Additionally, the investment component of whole life insurance may not provide the same returns as other investment options. If you are looking for a more affordable option or are primarily concerned with providing financial protection for a specific period, term life insurance may be a better fit for you.

Term Life Insurance: Affordable Protection for a Specific Period

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years. This type of policy offers a death benefit to your beneficiaries if you pass away during the term. Term life insurance is often chosen by individuals who want to ensure their loved ones are financially protected during a specific period, such as when they have young children or a mortgage to pay off.

Term Life is More Affordable

One of the main advantages of term life insurance is its affordability. Since it provides coverage for a limited period, the premiums tend to be lower compared to whole life insurance. This can be especially beneficial for individuals on a tight budget or those who only need coverage for a specific period.

Term Life has zero Cash Value at the end of term

However, it’s important to note that term life insurance does not have a cash value component. Once the term ends, the coverage ceases, and there is no return on the premiums paid. If you outlive the term, you will need to purchase a new policy, which may come at a higher cost due to age and potential health changes.

Choosing the Right Policy for You

When deciding between whole life and term life insurance, it’s essential to consider your specific needs and financial goals. Here are a few factors to consider:

1. Financial obligations: Evaluate your current and future financial obligations. Do you have dependents who rely on your income? Do you have a mortgage or other debts that need to be paid off? Whole life insurance may be a better fit if you want to ensure lifelong financial protection for your loved ones.

2. Budget: Consider your budget and how much you can afford to spend on life insurance premiums. If you are on a tight budget or only need coverage for a specific period, term life insurance may be a more affordable option.

3. Investment goals: Assess your investment goals and risk tolerance. Whole life insurance policies have an investment component, but they may not provide the same returns as other investment options. If you are looking for higher returns on your investments, you may want to explore other investment avenues and opt for term life insurance instead.

4. Long-term planning: Think about your long-term financial planning. Are you looking for a policy that can provide a source of funds for emergencies or other financial needs? Whole life insurance’s cash value component can be beneficial in such cases.

Ultimately, the decision between whole life and term life insurance depends on your unique circumstances and priorities. It’s crucial to consult with a financial advisor or insurance professional who can help you navigate the options and make an informed decision.

In conclusion, life insurance is an essential tool for protecting your loved ones’ financial future. Whole life insurance offers lifelong coverage and a cash value component, while term life insurance provides affordable protection for a specific period. By considering your financial obligations, budget, investment goals, and long-term planning, you can determine which type of policy is right for you. Remember, life insurance is a personal decision, and what works for one person may not work for another.

Shield Insurance Agency represents over 40 insurance companies. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.’,

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Invaders from underground are coming in cicada-geddon.

Invaders from underground are coming in cicada-geddon.

Posted on by Shield Insurance Agency

WTOP News | Cicada | Home Insurance | Visit the Shield Insurance Quoting portal

The largest geographic brood in the nation — called Brood XIX and coming out every 13 years — is about to march through the Southeast, having already created countless boreholes in the red Georgia clay. It’s a sure sign of the coming cicada occupation. They emerge when the ground warms to 64 degrees (17.8 degrees Celsius), which is happening earlier than it used to because of climate change, entomologists said. The bugs are brown at first but darken as they mature.

Soon after the insects appear in large numbers in Georgia and the rest of the Southeast, cicada cousins that come out every 17 years will inundate Illinois. They are Brood XIII.

“You’ve got one very widely distributed brood in Brood XIX, but you have a very dense historically abundant brood in the Midwest, your Brood XIII,” said University of Maryland entomologist Mike Raupp.

“And when you put those two together… you would have more than anywhere else any other time,” University of Maryland entomologist Paula Shrewsbury said.

Cicada found in the Eastern US

These hideaway cicadas are found only in the eastern United States and a few tiny other places. There are 15 different broods that come out every few years, on 17- and 13-year cycles. These two broods may actually overlap — but probably not interbreed — in a small area near central Illinois, entomologists said.

Trillions of evolution’s bizarro wonders, red-eyed periodical cicadas that have pumps in their heads and jet-like muscles in their rears, are about to emerge in numbers not seen in decades and possibly centuries.

Crawling out from underground every 13 or 17 years, with a collective song as loud as jet engines, the periodical cicadas are nature’s kings of the calendar.

These black bugs with bulging eyes differ from their greener-tinged cousins that come out annually. They stay buried year after year, until they surface and take over a landscape, covering houses with shed exoskeletons and making the ground crunchy.

Cicada Geddon begins in the Spring

This spring, an unusual double dose is about to invade a couple parts of the United States in what University of Connecticut cicada expert John Cooley called “cicada-geddon.” The last time these two broods came out together in 1803 Thomas Jefferson, who wrote about cicadas in his Garden Book but mistakenly called them locusts, was president.

“Periodic cicadas don’t do subtle,” Cooley said.

If you’re fascinated by the upcoming solar eclipse, thy are weirder and bigger, said Georgia Tech biophysicist Saad Bhamla.

“We’ve got trillions of these amazing living organisms come out of the Earth, climb up on trees and it’s just a unique experience, a sight to behold,” Bhamla said. “It’s like an entire alien species living underneath our feet and then some prime number years they come out to say hello.”

Cicada or Voracious?

At times mistaken for voracious and unrelated locusts, periodical cicadas are more annoying rather than causing biblical economic damage. They can hurt young trees and some fruit crops, but it’s not widespread and can be prevented.

The largest geographic brood in the nation — called Brood XIX and coming out every 13 years — is about to march through the Southeast, having already created countless boreholes in the red Georgia clay. It’s a sure sign of the coming cicada occupation. They emerge when the ground warms to 64 degrees (17.8 degrees Celsius), which is happening earlier than it used to because of climate change, entomologists said. The bugs are brown at first but darken as they mature.

Soon after the insects appear in large numbers in Georgia and the rest of the Southeast, cicada cousins that come out every 17 years will inundate Illinois. They are Brood XIII.

“You’ve got one very widely distributed brood in Brood XIX, but you have a very dense historically abundant brood in the Midwest, your Brood XIII,” said University of Maryland entomologist Mike Raupp.

“And when you put those two together… you would have more than anywhere else any other time,” University of Maryland entomologist Paula Shrewsbury said.

These hideaway cicadas are found only in the eastern United States and a few tiny other places. There are 15 different broods that come out every few years, on 17- and 13-year cycles. These two broods may actually overlap — but probably not interbreed — in a small area near central Illinois, entomologists said.

Click here for the full story…

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Insurance Policies Decoded: Unraveling the Magic of Additional Interests

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Shield Insurance Agency Blog | Additional Interests | Shield Insurance Agency

Insurance policies are designed to protect us from unexpected events and provide financial security in times of need. However, there are situations where a standard insurance policy may not provide adequate coverage. This is where an additional interest on your insurance policy comes into play. In this blog post, we will explore what an additional interest is, when you may need it, and how it can benefit you.

What is additional interests?

An additional interest, also known as an additional insured or a loss payee, is a person or entity that is not the policyholder but has an insurable interest in the property or person covered by the insurance policy. By adding an additional interest to your policy, you are extending coverage to someone else or ensuring that a specific party is protected in the event of a claim.

When do you need additional interests?

There are several situations where adding an additional interest to your insurance policy is necessary. Let’s take a look at some common scenarios:

1. Renting out your property: If you own a rental property, it is essential to add your tenant as an additional interest on your insurance policy. This ensures that both you and your tenant are protected in case of any damages or liability claims that may arise.

2. Borrowing money: When you borrow money to purchase a vehicle or a home, the lender may require you to add them as an additional interest on your insurance policy. This protects their financial interest in the property and ensures that they will be compensated in the event of a loss.

3. Leasing equipment: If you lease equipment for your business, the leasing company may require you to add them as an additional interest on your insurance policy. This protects their investment in the equipment and ensures that they will be compensated if any damage or loss occurs.

4. Co-owning property: If you co-own a property with someone else, such as a business partner or a family member, it is advisable to add them as an additional interest on your insurance policy. This ensures that both parties are protected and can file a claim if necessary.

5. Hiring contractors: When hiring contractors to work on your property, it is crucial to add them as an additional interest on your insurance policy. This protects both you and the contractor in case of any accidents or damages that may occur during the project.

Benefits of adding interest to an insurance policy

Adding additional interests to your insurance policy offers several benefits:

1. Enhanced protection: By extending coverage to additional parties, you are ensuring that everyone involved is adequately protected in case of a claim. This can provide peace of mind and financial security for all parties.

2. Compliance with contractual obligations: In many cases, adding additional interests is a requirement outlined in a contract or agreement. By complying with these obligations, you can avoid any legal or financial consequences that may arise from non-compliance.

3. Streamlined claims process: When an additional interest is added to your policy, they have the right to file a claim on your behalf. This can help expedite the claims process and ensure that everyone involved receives the necessary compensation in a timely manner.

4. Cost-effective solution: Adding an additional interest to your policy is often more cost-effective than purchasing a separate insurance policy for each party involved. This can help save money while still providing the necessary coverage.

In certain situations, a standard insurance policy may not provide adequate coverage for all parties involved. Adding interest to your policy can help bridge this gap and ensure that everyone’s interests are protected. Whether you are renting out a property, borrowing money, or co-owning property, it is essential to consider adding an additional interest to your insurance policy.

Shield Insurance Agency represents over 45 insurance companies, offering a wide range of coverage options to meet your specific needs. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK, and an agent will be in touch soon.

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Harmless and Hilarious April Fool's pranks to play on co-workers.

Harmless and Hilarious April Fool’s pranks to play on co-workers.

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | March 26, 2024 | April Fool’s | Health and Dental Insurance | Start Quote

April Fools’ Day is the perfect time to play some harmless and hilarious pranks on your co-workers. But, it’s essential to keep in mind that the pranks should be funny and harmless, and not offensive or hurtful. So, to help you out, we’ve compiled a list of 10 April Fools’ Day pranks that are sure to make your co-workers laugh.

1. The Classic Sticky Note Prank for April Fool’s

The sticky note prank is a classic and straightforward prank that never fails to bring a smile to your co-workers’ faces. Cover your co-workers’ desk or office with sticky notes of different colors and sizes. You can write funny messages, jokes, or quotes on the sticky notes to make it more personalized.

2. The Upside-Down Computer Screen Prank for April Fool’s

This is a simple but effective prank that involves flipping your co-workers’ computer screen upside down. You can do this by pressing Ctrl + Alt + Down Arrow on their keyboard. Watch as your co-worker tries to figure out what’s wrong with their computer.

3. The Fake Spill Prank

This prank involves faking a spill on your co-workers’ desk or office. You can use a water bottle or any other liquid that looks like a spill. Make sure to use something that doesn’t stain or damage their belongings.

4. The Fake Mouse Prank

This prank involves replacing your co-workers’ mouse with a fake one. You can make a fake mouse using paper, cardboard, or any other material. Watch as your co-worker tries to figure out why their mouse isn’t working.

5. The Fake Phone Call Prank

This prank involves making a fake phone call to your co-workers’ desk or office. You can use a friend’s phone or a voice changer app to make the call. Make sure to keep it short and sweet, and don’t forget to hang up abruptly.

6. The Invisible Tape April Fool’s Prank

This prank involves using invisible tape to confuse your co-workers. You can put the tape on the bottom of their mouse, on their keyboard, or on the desk. Watch as your co-worker tries to figure out what’s wrong with their equipment.

7. The Airhorn Prank

This prank involves setting an airhorn or a loud sound effect as your co-workers’ ringtone or notification sound. Watch as your co-worker jumps out of their seat when their phone rings.

8. The Fake Spider April Fool’s Prank

This prank involves placing a fake spider on your co-workers’ desk or office. You can use a toy spider or a realistic-looking spider. Watch as your co-worker screams in terror.

9. The Fake Power Outage Prank

This prank involves turning off the lights or unplugging your co-workers’ devices and pretending there’s a power outage. You can make it more realistic by using a flashlight or candles.

10. The Fake Job Announcement Prank

This prank involves creating a fake job announcement for your co-workers’ position and posting it on the company’s job board or intranet. Watch as your co-worker panics and tries to confirm their job security.

In conclusion, April Fools’ Day is a great way to bring some fun and laughter into the office. However, it’s important to keep in mind that the pranks should be harmless and not offensive. So, use these 10 April Fools’ Day prank ideas to create some harmless fun in the office and make your co-workers laugh.

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Health Insurance Alert:⚕️What You Need to Know About Pre-Existing Conditions

Health Insurance Alert: What You Need to Know About Pre-Existing Conditions

Posted on by Shield Insurance Agency

Shield Insurance Blog | Pre-Existing Conditions | Health Insurance | Contact Bri

Health insurance is a crucial aspect of our lives, providing financial protection and peace of mind in times of medical emergencies. However, when it comes to pre-existing health conditions, understanding what is considered as such and how it affects your insurance coverage can be confusing. In this blog post, we will delve into the intricacies of pre-existing conditions on health insurance policies, exploring coverage limitations, options, and the underwriting process. Whether you are seeking insurance coverage or looking to understand your existing policy better, this article will provide valuable insights. 

Understanding Pre-existing Conditions and Insurance Coverage

A pre-existing condition refers to any illness or health condition that you have before obtaining health insurance coverage. This can include chronic illnesses such as diabetes, heart disease, or asthma, as well as any other medical condition that you have been diagnosed with or received treatment for in the past. It is important to note that the definition of pre-existing conditions may vary between insurance companies and policies.

When it comes to insurance coverage, pre-existing conditions can have an impact on your eligibility and the extent of coverage provided. Insurance companies often impose certain limitations and exclusions for pre-existing conditions, which can affect the benefits you receive and the cost of your premiums.

Exploring Coverage Limitations and Options for Health Insurance Plans

Coverage limitations for pre-existing conditions can vary depending on the type of health insurance plan you have. Some plans may exclude coverage for pre-existing conditions altogether, while others may impose waiting periods before providing coverage. It is essential to carefully review the terms and conditions of your health insurance policy to understand the extent of coverage for pre-existing conditions.

Fortunately, there are coverage options available for individuals with pre-existing conditions. Some health insurance plans offer comprehensive coverage for pre-existing conditions, although they may come with higher premiums. Additionally, government programs such as Medicaid and Medicare provide coverage for individuals with pre-existing conditions who meet certain eligibility criteria.

The Underwriting Process and Insurance Eligibility for Pre-existing Conditions

Insurance companies use a process called medical underwriting to assess an individual’s health status and determine their eligibility for coverage. During the underwriting process, insurers may review your medical history, including any pre-existing illness, to evaluate the level of risk you pose.

It is important to disclose all relevant information about your medical history during the underwriting process. Failure to disclose pre-existing concerns accurately can lead to denial of coverage or even cancellation of your policy in the future. Honesty and transparency are key when it comes to obtaining insurance coverage for pre-existing concerns.

Shield Insurance Agency: Your Trusted Partner in Finding the Right Health Insurance Policy

Finding the right health insurance policy that provides adequate coverage for pre-existing conditions can be a daunting task. That’s where Shield Insurance Agency comes in. With over 45 insurance companies represented, Shield Insurance Agency is committed to helping individuals find the best health insurance policy tailored to their needs.

Our experienced agents understand the complexities of pre-existing conditions and can guide you through the process of finding the right coverage. Whether you are looking for a plan that offers comprehensive coverage or need assistance with understanding the underwriting process, Shield Insurance Agency is here to help.

Contact Shield Insurance Agency for a Free Quote Today and Secure Your Health Coverage

Securing the right health insurance coverage for pre-existing illnesses is crucial for your well-being and financial security. Contact Shield Insurance Agency today at (616) 896-4600 for a free quote and personalized assistance in finding the perfect health insurance policy for your needs. You can also start the quoting process by visiting this LINK, and an agent will be in touch soon.

Don’t let pre-existing conditions hinder your access to quality healthcare. Trust Shield Insurance Agency to navigate the complexities of health insurance and ensure you have the coverage you need when you need it most.

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Insurance Made Easy: Discover the Power of Independent Insurance Agents!

Insurance Made Easy: Discover the Power of Independent Insurance Agents!

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Shield Insurance Blog | Independent Insurance Agents | Meet the team | Start A Quote

In today’s fast-paced world, insurance is a necessity. Whether it’s for your home, car, or business, having the right insurance coverage can provide you with peace of mind and financial protection. However, navigating the complex world of insurance can be overwhelming, especially when faced with numerous options and policies. This is where the independent insurance agents come in.

Advantages of Using Independent Insurance Agents

Independent Insurance Agents Provide Expertise:

An independent insurance agent is a licensed professional who specializes in insurance. They have in-depth knowledge of the industry and can provide you with expert advice tailored to your specific needs. With their expertise, they can help you understand the intricacies of insurance policies and guide you toward the best coverage options.

Independent Insurance Agents Provide Guidance:

Choosing the right insurance policy can be a daunting task. An independent insurance agent can simplify the process by providing you with personalized guidance. They will assess your unique situation, evaluate your risks, and recommend policies that offer the most comprehensive coverage at the best price.

Recommendations:

Independent insurance agents work with multiple insurance companies, giving them access to a wide range of policies. They can compare different options and recommend the ones that best suit your needs and budget. This saves you time and effort in researching and comparing policies on your own.

Reliability:

When it comes to insurance, reliability is crucial. Independent insurance agents work for you, not the insurance companies. They have your best interests at heart and will go the extra mile to ensure you have the right coverage. They are committed to building long-term relationships with their clients and providing ongoing support.

Independent Insurance Agents Provide Support:

Dealing with insurance claims can be a complex and stressful process. An independent insurance agent will be there to support you every step of the way. They will assist you in filing claims, communicating with the insurance company, and ensuring a smooth and efficient resolution. Having someone on your side during these challenging times can make a significant difference.

Trustworthiness:

Trust is essential when it comes to insurance. Independent insurance agents are held to high ethical standards and are required to act in the best interest of their clients. They provide unbiased advice and recommendations, ensuring that you get the coverage you need without any hidden agendas.

Personalized Insurance Advice:

One of the significant advantages of working with an independent insurance agent is the personalized advice they offer. They take the time to understand your unique circumstances and tailor their recommendations accordingly. This ensures that you have the right coverage for your specific needs, giving you peace of mind.

Shield Insurance – Your Trusted Independent Insurance Agency

At Shield Insurance Agency, we understand the importance of having the right insurance coverage. As an independent insurance agency, we represent over 45 insurance companies, giving us access to a wide range of policies and options. Our team of experienced and knowledgeable agents is dedicated to providing you with the highest level of service and support.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are here to help you navigate the complex world of insurance and ensure that you have the right coverage for your needs. Trust us to be your reliable partner in protecting what matters most to you.

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Stay Ahead of the Game Adding Additional Insured for Extra Security - Shield Insurance Blog

Stay Ahead of the Game: Adding Additional Insured for Extra Security

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Additional Insured | Contact Us to learn more! | Start A Quote Today!

Insurance policies can be complex, and understanding the various terms and coverage options can be overwhelming. One such term is “additional insured.” In this blog post, we will delve into the concept of additional insured, its importance, and when it should be added to your policy. We will also explore additional coverage, policyholder obligations, and the role of Shield Insurance Agency in providing comprehensive insurance protection. By the end of this article, you will have a clear understanding and how it can benefit you.

Understanding Additional Insured Coverage and its Importance in Insurance Policies

Insurance policies typically provide coverage for the policyholder, but there are situations where additional coverage is necessary. Additional coverage extends the policy’s protection to other parties who may be involved in a claim or lawsuit related to the policyholder’s activities. This additional coverage is known as an “additional insured endorsement.”

Adding an additional insured to your policy is crucial in situations where you collaborate with other businesses, subcontractors, or vendors. By adding them as additional insured, you are ensuring that they are protected under your policy in case of any liability claims arising from their work on your behalf.

The Role of Additional Insured Endorsement and its Requirements

To add an additional insured to your policy, you need to request an endorsement from your insurance provider. This endorsement modifies your policy to include the additional insured and extends coverage to them.

The requirements for adding an additional insured may vary depending on your insurance company and policy type. Generally, you will need to provide the additional insured’s name, contact information, and their relationship to your business. Additionally, you may need to specify the scope of coverage you want to extend to the additional insured.

It’s important to note that adding an additional insured does not mean they have the same rights and responsibilities as the policyholder. They are only covered under the policy for claims arising from the policyholder’s actions.

Exploring Insurance Policy Additions and Terminology

Insurance policies can be complex, with various terms and additions that may confuse policyholders. Understanding insurance terminology is crucial to ensure you have the right coverage for your needs.

In addition to additional insured, there are other policy additions you may come across, such as additional coverage options, endorsements, and riders. These additions can enhance your policy’s protection and tailor it to your specific requirements.

It’s essential to review your policy thoroughly and consult with your insurance agent to understand the different policy additions available and how they can benefit you. This will help you make informed decisions about your insurance coverage and ensure you have adequate protection.

Policyholder Obligations, Protections, and Responsibilities

As a policyholder, you have certain obligations, protections, and responsibilities. It is crucial to understand these to ensure you comply with your policy’s terms and conditions.

Your obligations as a policyholder include paying premiums on time, providing accurate information to your insurance provider, and notifying them of any changes that may affect your coverage.

On the other hand, your policy provides you with certain protections, such as coverage for specified risks and financial compensation in case of covered losses. It is essential to review your policy to understand the extent of your protection and any limitations or exclusions.

As a policyholder, you also have responsibilities, such as maintaining a safe environment, implementing risk management strategies, and promptly reporting any claims or incidents to your insurance provider.

The Importance of Risk Management and Shield Insurance Agency’s Expertise

Risk management plays a vital role in protecting your business and minimizing potential losses. Shield Insurance Agency, representing over 45 insurance companies, understands the importance of comprehensive risk management strategies.

By partnering with Shield Insurance Agency, you gain access to their expertise in identifying potential risks, recommending appropriate coverage options, and ensuring your policy meets your specific needs. Their team of experienced agents can guide you through the process of adding additional insured to your policy and provide

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22 Babies at 24 Years Old The Unbelievable Story of Kristina Osturk Shield Insurance Agency Blog

22 Babies at 24 Years Old: The Unbelievable Story of Kristina Osturk

Posted on by Shield Insurance Agency

Shield Insurance Blog | 22 Babies | By Allison Levine | March 6, 2024 | Life Insurance

Kristina Ozturk and her husband Galip are currently the proud parents of 21 children, plus one more Kristina had before they met. What’s more, all 21 of the couple’s children were born within 18 months of each other. How is that possible? Here is the unbelievable, but true, story of the Ozturk family.

Teenage Single Mom of 22 Babies

In 2014, the Moscow-born woman Kristina Ozturk was a 17-year-old single mother responsible for caring for and raising her daughter alone. It was at this moment that, in a plot twist that could have been written into a Disney movie, Kristina’s life changed forever.

The Russian teenager, who had been working as a stripper in order to support her family, took a trip away. As the mother and daughter enjoyed their first international vacation in the Georgian seaside resort of Batumi, Kristina met a 50-year-old millionaire hotel owner named Galip Ozturk and, despite the 33-year age gap, the two fell head over heels in love.

On the Same Page

It wasn’t only an attraction for each other that the teenage Kristina and millionaire Galip shared, they were also on the same page when it came to extending their family. While many couples wish to have 2, 3, or even 4 children, Kristina and Galip Ozturk, who married soon after meeting, wanted to have as many as they possibly could.

At first, Kristina and Galip planned to have one child a year. They quickly decided that wouldn’t give them as many children as they wanted, as quickly as they hoped for. That’s when they decided to begin using surrogates.

22 Babies in 17 Months

By using surrogates to grow their family, Kristina and Galip Ozturk removed all biological limitations on the number of children they could produce, and how quickly. Between March 2020 and July 2021, the couple welcomed 21 children into their lives. Added to Kristina’s existing daughter, that meant 22 kids to look after, 21 of whom were under 18 months old.

Read the full story and see the adorable photos…

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Is a high-deductible health insurance policy right for you Find out now! - Shield Insurance Blog

Is a high-deductible health insurance policy right for you? Find out now!

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | High-deductible Health Insurance | Contact Bri with questions

In today’s world, finding affordable health insurance options can be a daunting task. With the rising cost of healthcare and the complexities of the healthcare system, it’s important to carefully consider your options when choosing the right health insurance policy. One option that may be worth exploring is a high-deductible health insurance policy. In this blog post, we will discuss the benefits, drawbacks, and cost considerations of high-deductible health insurance, helping you determine if it’s the right choice for you.

Understanding High-Deductible Health Insurance

Before we dive into the pros and cons of high-deductible health insurance, let’s first understand what it is. A high-deductible health insurance policy is a type of medical insurance that requires you to pay a higher deductible before your insurance coverage kicks in. The deductible is the amount you must pay out-of-pocket for medical expenses before your insurance starts covering the costs. Typically, high-deductible health insurance policies have lower monthly premiums, making them an attractive option for those looking to save on their healthcare expenses.

Benefits of High-Deductible Health Insurance

One of the main benefits of a high-deductible health insurance policy is the potential for cost savings. With lower monthly premiums, you can save money on your insurance expenses. This can be especially beneficial for individuals or families who are generally healthy and don’t require frequent medical care. By opting for a high-deductible plan, you can allocate your savings towards other financial goals or build an emergency fund.

Another advantage of high-deductible health insurance is the flexibility it provides. With a high-deductible plan, you have the option to open a Health Savings Account (HSA). An HSA is a tax-advantaged savings account that allows you to set aside money for medical expenses. The contributions you make to an HSA are tax-deductible, and the funds can be used to pay for qualified medical expenses, even if they don’t meet your deductible. This can provide additional savings and financial security.

Drawbacks of High-Deductible Health Insurance

While high-deductible health insurance policies offer potential cost savings, they also come with some drawbacks. One of the main drawbacks is the higher out-of-pocket expenses. With a high deductible, you will be responsible for paying a larger portion of your medical expenses before your insurance coverage kicks in. This can be a significant financial burden, especially if you require frequent medical care or have a chronic condition.

Another drawback of high-deductible health insurance is the limited coverage. High-deductible plans often have higher deductibles and lower coverage limits, meaning you may have to pay more for certain medical services or medications. It’s important to carefully review the coverage details of any health insurance policy you are considering to ensure it meets your specific healthcare needs.

Cost Considerations and Comparison

When deciding if a high-deductible health insurance policy is right for you, it’s crucial to consider the overall cost. While the lower monthly premiums may seem appealing, you must evaluate your potential out-of-pocket expenses. Consider your current health status, medical history, and any ongoing medical needs. If you anticipate needing frequent medical care or have a chronic condition, a high-deductible plan may not be the most cost-effective option for you.

To determine if a high-deductible health insurance policy is the right choice, it’s essential to compare it with other available options. Consider the benefits, drawbacks, and costs of different health insurance policies. Shield Insurance Agency represents over 45 insurance companies and can help you navigate the complex world of health insurance. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK, and an agent will be in touch soon.

Making an Informed Decision

Choosing the right health insurance policy is a crucial decision that can have a significant impact on your financial well-being. By carefully considering the benefits, drawbacks, and cost considerations of a high-deductible health insurance policy, you can make an informed decision that aligns with your healthcare needs and financial goals. Remember to consult with a trusted insurance agent or financial advisor to ensure you have all the information you need to make the best choice for you and your family.

In conclusion, a high-deductible health insurance policy can be a viable option for individuals or families looking to save on their healthcare expenses. However, it’s important to weigh the benefits and drawbacks, consider your specific healthcare needs, and compare different health insurance policies before making a decision. By doing so, you can find the right health insurance coverage that provides the necessary protection while also being financially sustainable.

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Your Medicare Costs May Go Down Dramatically in 2024

Your Medicare Costs May Go Down Dramatically in 2024

Posted on by Shield Insurance Agency

Good News Network | Feb 25, 2024 | Medicare Costs | Shield Insurance Medicare

Your Medicare Costs May Go Down Dramatically in 2024, Thanks to U.S. Law Kicking in

A big cost and concern for many seniors in the U.S. is the price of prescription drugs and other healthcare expenses—and this year, thanks to The Inflation Reduction Act, their costs may go down dramatically, especially for patients fighting cancer or heart disease.

I learned about the new benefits because my ‘Medicare birthday’ is coming up in a couple months when I turn 65. I was shocked that there were so many positive changes being made, which I never heard about on the news.

Thousands of Americans on Medicare have been paying more than $14,000 a year for blood cancer drugs, more than $10,000 a year for ovarian cancer drugs, and more than $9,000 a year for breast cancer drugs, for instance.

That all changed beginning in 2023, after the Biden administration capped out-of-pocket prescriptions at $3,500—no matter what drugs were needed. And this year, in 2024, the cap for all Medicare out-of-pocket prescriptions went down to a maximum of $2,000.

“The American people won, and Big Pharma lost,” said President Biden in September 2022, after the legislation passed. “It’s going to be a godsend to many families.”

Another crucial medical necessity, the shingles vaccine, which many seniors skip because of the cost, is now free. Shingles is a painful rash with blisters, that can be followed by chronic pain, and other complications, for which there is no cure

In 2022, more than 2 million seniors paid between $100 and $200 for that vaccine, but starting last year, Medicare prescription drug plans dropped the cost for shots down to zero.

Another victory for consumers over Big Pharma affects anyone of any age who struggles with diabetes. The cost of life-saving insulin was capped at $35 a month.

Medicare is also lowering the costs of the premium for Part B—which covers outpatient visits to your doctors. 15 million Americans will save an average of $800 per year on health insurance costs, according to the US Department of Health and Human Services.

Read the full article at this link

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