LIFE INSURANCE OFFERINGS
1. Whole Life (up to $2,000,000)
Whole Life insurance is Permanent Life insurance that accumulates a Cash Surrender Value (CSV) equal to the coverage amount by the time the insured reaches age 100. In some cases, the CSV is accumulated by age 65 for younger people.

This type of insurance is better for younger people, up to about age 45 or 50, for higher coverage amounts. Otherwise, the monthly premium may be greater than what many people can afford to pay on an average budget. The policy issues in about 30 days, and ParaMed visit by a nurse is usually required to take the vitals so that the insured’s health may be underwritten by the insurance carrier.
   
2. Indexed Universal Life (up to $2,000,000)
Indexed Universal Life (IUL) is another form of Permanent Insurance with coverage that goes up to age 121 years, if desired. Any cash accumulation, unlike Whole Life insurance, is based upon various financial indices. This type of insurance is much less costly than comparable whole life insurance for the same coverage amounts. Indexed Universal Life Insurance can also be used as a combination investment vehicle and insurance coverage if desired. This policy also issues in about 30 days, and ParaMed visit by a nurse is usually required to take the vitals so that the insured’s health may be underwritten by the insurance carrier.

3. Term Insurance
Term life insurance is the least expensive of all the life insurance products. In fact, term policies can be an excellent choice for young families because of its very low premiums and very high insurance coverage. Term insurance give the policy holders ‘the biggest bang for the buck!’ This is a type of life insurance that is issued in term periods of 10, 20, 30, and 40 years. The insured pays a set premium for the term. Once the term is reached, the policy expires. Normally, term policies are renewable for up to 10 one-year periods. The premium is increased for each renewal period. The initial term of Term Life policies never go beyond age 85. No cash value is available with the term life policies - as it is with the Whole Life policies (and sometimes the Indexed Universal Life policies).

4. Final Expense Insurance (Up to $50,000)
This insurance is a type of Whole Life insurance that does not require a ParaMed examination. Everything is completely electronic, and this policy is normally issued within a week or less. This policy normally covers ages 1 to 85. Generally, this type of policy has coverage from $1,000 to $50,000. In many cases, coverages for those aged 70 and over may be limited to $30,000. This policy covers those from average-to-good health.

5. “Guaranteed Issue” Whole Life Insurance
Guaranteed Issue Whole Life insurance (GIWL) gives an “automatic approval” to prospective insureds ages 50-80 years old, up to $25,000, for our individual policies. For our group policies - we can go up to $125,000 of total coverage (in some cases) – with ‘no’ elimination period! Moreover, the group policy is applicable to ages 17-70. As you can see, the group policy is more flexible, and the group must be a minimum of 5-people! Initially, the group premium payments must come directly from the group or business. Since these policies are portable, if the insured should subsequently leave the group, the insured can make direct individual payments on their own behalf.

With GIWL, Everyone is approved - no one is rejected! Again, absolutely ‘No one’ is rejected – irrespective of their health condition! All health conditions are accepted: stage-4 cancer, severe diabetes, End-Stage Renal Failure (kidney dialysis), even “terminal illness” – as long as a person has a minimum life expectancy of at least 2-years. (This 2-year requirement is for individuals only! There is no such elimination period for Group Policies!) Moreover, there are no medical questions or examinations required for either!

Under the individual GIWL insurance for individuals, if the insured person dies of natural causes in the initial two years, their beneficiaries are reimbursed 110% of all premiums paid. If the insured person dies of natural causes after 24 months, the entire death coverage is paid to the beneficiaries. Conversely, if the insured dies by reason of an accident in the first two years, the entire coverage is paid immediately. However, under the group GIWL policies, the entire death benefit is paid to the beneficiaries whenever the insured dies!


HEALTH INSURANCE OFFERINGS
 1. Medicare Supplement Insurance
Hosanna Financial Group (HFG) offers Medicare Supplement Insurance, also known as Medigap Insurance. This type of insurance pays the final 20% of the health care costs not covered by Original Medicare. A Medicare Supplement plan must be paid monthly (in addition to Part B). Medicare supplement plans are identified by certain letters (A through N), and they offer the same benefits, but with slightly different costs amongst the various Medicare Carriers. HFG helps a beneficiary get the lowest monthly cost. Medigap Insurance only pays for services that Original Medicare covers.

2. Medicare Advantage Plans
Hosanna Financial Group (HFG) offers excellent Medicare Advantage Plans (MAP) and Prescription Drug Plans (PDP) all year around – depending on the person’s circumstances and their eligibility period. Each MAP and PDP becomes effective on the 1st of the month following the month of enrollment. The various enrollment periods are discussed below.

     A. Initial Eligibility Period (IEP)
This period represents the seven month period surrounding a person’s 65th birthday, or when the person first becomes eligible for Medicare. In addition to turning age 65, a person may also be eligible for Medicare if:
1. They have been on SS Disability for two years
2. They have End-Stage Renal Failure (Dialysis)
3. They have ALS (Lou Gehrig’s disease)
Of course, people fall into these categories 365 days per year!

     B. Annual Enrollment Period (ACP)
This period comes every year between October 15th and December 7th. During this period, people may freely change their MA, MAPD, and PDP plans.

     C. Open Enrollment Period (OEP)
The OEP is from January 1st to March 31st of each year. During this period, a person may change their MAP or MAPD one last time until the AEP (starting October 15th). They may also go back to Original Medicare and get a stand-alone PDP.

     D. Special Enrollment Period (SEP)
In certain instances, a person may change their MAP or PDP virtually any time during the year - if certain special conditions exist. These special conditions are as follow:
1. Chronic Disease (C-SNP): If a person has a chronic or disabling condition such as heart failure, kidney failure (dialysis), stroke, diabetes, HIV/AIDS, disabling mental health condition, and certain neurologic disorders. This program provides specialized services to those with these conditions.
2. Dual Eligibility Medicaid/Medicare Plan (D-SNP): The person qualifies for both Medicaid and Medicare D-SNP’s and work with state Medicaid programs to coordinate benefits. In certain states, persons may receive over $220 per month in Personal Spending Allowance; up to $5,000 for Dental Allowance; and $500 for Eyeglasses and Contacts. Additionally persons may accrue savings of up to $2,000 of Prescription Drug costs if they qualify for Low Income Subsidy (LIS), or “Extra Help.”

In fact, you qualify for the above benefits if:
a. You are an adult over 30 years old
b. You have been on SS Disability for two years
c. And you have End Stage Renal Failure (Dialysis) or,
d. You have ALS (Lou Gehrig’s disease)

4. Accident, Cancer, and Critical Care Insurance
A full 60% of the adults in the U.S. suffer from a Critical Illness! Additionally, 15% of American adults suffer from ‘two’ critical illnesses! Cancer, heart attacks, and strokes account for almost ‘half’ of the deaths in our country. When certain life changing situations occur in your life - you and your family need to be ready – at least financially! Monies are paid directly to the insured – ‘not’ to the insurance company! Accident, Cancer, and Critical Care Insurance (ACCCI) gives you cash when certain medical conditions happen in your life. For instance, in one of our programs, a person may get up to $20,000 for: a heart attack, a sudden cardiac arrest, a stroke, a major organ transplant, cancer, paralysis, a coma, or an end-stage renal failure (kidney dialysis). Moreover, their spouse and children may be automatically covered for 50% of the amount of the named insured. Also, the insured may even receive more for a subsequent recurrence of these conditions. The Accident Insurance may pay over $5,000 for different medical aspects of the accident. For instance, different amounts are paid ‘directly’ to the insured for things like hospitalization, emergency room visits, physical therapy, diagnostic exams, individual follow-up treatments, injuries to different parts of the body, etc. Our ACCCI program is an invaluable and essential component to have in a person or family’s overall health and financial plan to avoid an erosion of their savings when an unexpected medical condition occurs.

Another Critical Illness Plan that we offer provides from $10,000 to $90,000 of ‘lump sum’ payments for ‘life’ – if the insured is diagnosed with Cancer, Heart Attack, or a Stroke! People are eligible to apply for this plan from the ages of 18 to 89 years old! Spouses and dependent children are automatically eligible for up to 50% of the insured’s coverage. Also, the premium is the ‘same’ for one or multiple children!


DISABILITY INSURANCE (DI)
(INCOME PROTECTION)
Hosanna Financial Group (HFG) offers Individual and Group Disability Insurance (DI). DI is designed for those people who want to guard against a future sudden loss of their income and paycheck. This could occur as a result of a short or long-term disability of a few months - up to several years! From ages 21 to age 65, over 25% of adults suffer a disability that renders them unable to work for a specific period of time. Moreover, over 85% of disability claims arise as a result of an Illness, not an Accident (as is commonly thought).

People insure both their homes and their cars! Why not insure one of the most valuable assets of their life - their future stream of income?

HFG can help both individuals and groups achieve “income protection” in the event of a period of disability where an individual is unable to work.

When a disability arises, HFG can help insured persons obtain a significant portion of their monthly income - up to age 67 for individuals, and up to age 75 for each person who is part of a group!
Disability insurance in based upon a person’s age, health, income and occupation. Groups of three or more persons through payroll deduction, obtain special benefits and favorable rates! Everybody in the group is guaranteed an “approval and acceptance!” Twelve months after the policy is issued, pre-existing conditions are insured as well as pregnancies.


LONG-TERM CARE INSURANCE
Hosanna Financial Group also offers excellent Long-Term Care (LTC) Insurance to its customers! LTC insurance is becoming far more necessary as people are living much longer due to medical advancements, better exercise habits, and improved nutrition. Also, as the population ages, each gender is living longer; however, women substantially outlive men. In fact, from the ages of 65 to 74, there are 100 women for every 84.5 men; and, from the ages of 75 to 84, there are 100 women to every 68 men! Indeed, it has been predicted that 50% of the people over age 65 will require some type of LTC insurance during their lifetime! Moreover, at least 25% of people that reach age 65 will live to age 90. Therefore, the need for private LTC insurance has substantially increased in recent years   (and even more so now that the federal government is reducing Medicaid’s historically high share of the LTC insurance market).

LTC insurance covers people in need of the following: 1. Adult Day Care, 2. Home Health Care, 3. Respite Care, 4. Assisted Living Facilities, and 5. Custodial Nursing Care – including Skilled and Intermediate Care.

Accordingly, HFG offers LTC insurance that covers monthly LTC payments from $1,500 to $15,000 per month (per person) from 2 to 4 years. LTC insurance can be purchased up to age 75. The cost of LTC insurance is based upon both age and health. The younger the age and the better the health – the lower the premiums. In some cases, a person’s health can disqualify them for LTC insurance. Special discounts are given to spousal couples.

ANNUITIES: INCOME PROTECTION FOR LIFE!
An Annuity is a contract between a buyer and an insurance company that provides the buyer with a regular series of payments in return for a lump-sum payment now. An Annuity is most commonly used to establish a steady stream of income in retirement – ‘that never runs out’ - for the annuitant, and for the surviving spouse – if any.

Annuities are ‘not’ affected by the volatility of stock market – or any other market index! Annuities guard against stock market swings, downturns, and troughs. During their accumulation period, fixed annuities are ‘guaranteed’ to increase every year at an agreed upon interest rate!

Is now a good time to consider the rollover of your 401k into an annuity?

Hosanna Financial Group (HFG) offers ‘fixed rate’ annuities - that can multiply the initial annuity deposit up to 4 & 5x the original deposit. Annuity purchases range from $10,000 to $1,000,000. Moreover, during the growth or accumulation period of the annuity, HFG works with some insurance carriers who will offer a 30% “Up-front” Matching Bonus - at a minimum of a 7% compound interest rate.

The following is an example of how an annuity works:

A 60 year old woman invests $100k into a growth annuity at an interest rate of 8% compounded annually - guaranteed! At age 70, she begins to receive an annual payout of $15,760 per year – “for Life!” If she lives to 100 years old, her initial $100k investment will have increased to $472,800, or a 472% (4.72x) increase! This is absolutely GUARANTEED! If she lives beyond 100 years old, the annual ‘guaranteed’ payout continues for as long as she shall live!


CONTRACTED CARRIERS
Aetna - AIG - Corebridge Financial - Ameritas - ANICO - Assurity - Athene Life - Banner - CIGNA - Equitrust - Fidelity and Guaranty (F&G) Life - Foresters Financial - Gerber Life - John Hancook - Lincoln Financial Group - Mass Mutual - Mutual of Omaha - Nation -  National Guardian Life - North American - Protective Life Prudential - Sagicor - Securian - Symetra - Transamerica