Question 1

What topics does iEnsure cover?

Accepted Answer

iEnsure covers life insurance (term, whole, universal, IUL), health insurance, Medicare (Parts A, B, C, D, Medigap, Medicare Advantage), retirement planning (401k, IRA, Roth IRA, Social Security), estate planning (wills, trusts, beneficiaries), annuities (fixed, indexed, variable, SPIA), disability insurance, and long-term care insurance.

Question 2

Is iEnsure free to use?

Accepted Answer

Yes, completely free. Browse all questions anonymously. Create a free account to ask questions and get answers from the community and verified professionals.

Question 3

Are answers from licensed professionals?

Accepted Answer

iEnsure has a verified professional program for licensed CFPs, CPAs, CLUs, Series 7 holders, and other credentialed experts who receive a verification badge. All answers are informational, not personalized advice.

Question 4

How much life insurance do I need?

Accepted Answer

Most financial planners recommend 10-15x your annual income. Use the DIME formula: Debt + Income replacement + Mortgage + Education, minus existing assets. A 35-year-old with two kids and a mortgage might need $1.5-2.5M in coverage.

Question 5

When should I sign up for Medicare?

Accepted Answer

You have a 7-month Initial Enrollment Period around your 65th birthday. If you have employer coverage from a company with 20+ employees, you can delay without penalty. Missing your window results in permanent premium penalties.

Question 6

What is the difference between a Roth IRA and Traditional IRA?

Accepted Answer

Traditional IRA contributions may be tax-deductible now, but withdrawals are taxed in retirement. Roth IRA contributions are after-tax, but qualified withdrawals are tax-free. The 2025 limit is $7,000 ($8,000 if 50+).

Question 7

When should I claim Social Security?

Accepted Answer

You can claim as early as 62 (reduced) or as late as 70 (maximum). Each year you delay past full retirement age (67 for most) increases your benefit by 8%. The higher earner in a couple should often delay to maximize survivor benefits.

Question 8

What is an annuity?

Accepted Answer

An annuity is a contract with an insurance company that provides guaranteed income payments. Types include fixed, variable, and indexed. They can provide lifetime retirement income but often have high fees and surrender charges. Understand all costs before buying.

Medicare Enrollment: Avoid Costly Penalties

Medicare Enrollment: Avoid Costly Penalties

Initial Enrollment Period (IEP)

Late Enrollment Penalties