{"id":2654,"date":"2021-11-10T03:27:01","date_gmt":"2021-11-10T03:27:01","guid":{"rendered":"http:\/\/mcgoldeninsurance.com\/faqs\/"},"modified":"2025-09-12T10:15:04","modified_gmt":"2025-09-12T10:15:04","slug":"faqs","status":"publish","type":"page","link":"https:\/\/mcgoldeninsurance.com\/en\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2654\" class=\"elementor elementor-2654 elementor-17\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e2d674 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e2d674\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;0753e8d&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d95005\" data-id=\"4d95005\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3afd71 elementor-widget elementor-widget-heading\" data-id=\"c3afd71\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06ecd0b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06ecd0b\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;d435db4&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b5bed39\" data-id=\"b5bed39\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4317500 elementor-widget elementor-widget-accordion\" data-id=\"4317500\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7031\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-7031\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\"> What is Obamacare?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7031\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-7031\"><p>Obamacare is the popular name for the Affordable Care Act (ACA), a healthcare reform passed in 2010 in the United States under the administration of President Barack Obama. Its main objective is to reduce people&#8217;s medical costs through the tax credit given to them by the government to reduce the cost of the monthly insurance premium. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7032\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-7032\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Who qualifies for Obamacare?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7032\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-7032\"><p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/obamacare-aca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">To be eligible for Obamacare, a person must meet the following basic requirements:<\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/obamacare-aca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">-Have legal immigration status in the United States: citizens, permanent residents (green cards), refugees, asylees, holders of certain visas, among others.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/obamacare-aca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">-File your tax return.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/obamacare-aca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">-Not be incarcerated at the time of the application.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/obamacare-aca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">-Not having other qualifying coverage such as: Affordable health insurance offered by the employer or public programs such as Medicare or Medicaid.<\/span><\/a><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7033\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-7033\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the Obamacare tax credit?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7033\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-7033\"><p>Called the Premium Tax Credit (PTC), it is a federal subsidy provided, based on estimated annual household income, to reduce the monthly premium cost of health insurance purchased through the Marketplace.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7034\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-7034\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is Medicare?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7034\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-7034\"><p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/medicare\/\" target=\"_blank\" rel=\"noopener\">Medicare is the federal health insurance program for people who are 65 and older, certain younger people with disabilities, people with end-stage renal disease (end-stage renal disease requiring dialysis or a transplant, sometimes called ESRD).<\/a><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7035\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-7035\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is IUL life insurance?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7035\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-7035\"><p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/life-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">IUL (Indexed Universal Life) is a type of indexed universal life insurance that combines: <\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/life-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">-Death benefit: The beneficiary(ies) receive a federal tax-free payment when the insured dies.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/life-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">-Accumulates cash value: Accumulated money that the insured can access during their lifetime tax-free.<\/span><\/a><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7036\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-7036\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is an annuity?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7036\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-7036\"><p>An annuity is a financial contract with an insurance company designed to save money over the long term and convert that money into guaranteed periodic income for the future. An annuity is a financial planning tool. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-7037\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-7037\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-angle-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is final expense insurance?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-7037\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-7037\"><p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/final-expenses-or-funeral-plan\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">It is a type of life insurance designed to primarily cover the costs associated with the death of a person.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/mcgoldeninsurance.com\/en\/products\/final-expenses-or-funeral-plan\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">It&#8217;s typically a low-coverage policy (generally up to $30,000), designed to ensure family members aren&#8217;t burdened with debt or immediate expenses after the loss of the insured person.<\/span><\/a><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is Obamacare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Obamacare is the popular name for the Affordable Care Act (ACA), a healthcare reform passed in 2010 in the United States under the administration of President Barack Obama. Its main objective is to reduce people&#8217;s medical costs through the tax credit given to them by the government to reduce the cost of the monthly insurance premium. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"Who qualifies for Obamacare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/obamacare-aca\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">To be eligible for Obamacare, a person must meet the following basic requirements:<\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/obamacare-aca\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">-Have legal immigration status in the United States: citizens, permanent residents (green cards), refugees, asylees, holders of certain visas, among others.<\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/obamacare-aca\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">-File your tax return.<\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/obamacare-aca\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">-Not be incarcerated at the time of the application.<\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/obamacare-aca\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">-Not having other qualifying coverage such as: Affordable health insurance offered by the employer or public programs such as Medicare or Medicaid.<\\\/span><\\\/a><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What is the Obamacare tax credit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Called the Premium Tax Credit (PTC), it is a federal subsidy provided, based on estimated annual household income, to reduce the monthly premium cost of health insurance purchased through the Marketplace.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What is Medicare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/medicare\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Medicare is the federal health insurance program for people who are 65 and older, certain younger people with disabilities, people with end-stage renal disease (end-stage renal disease requiring dialysis or a transplant, sometimes called ESRD).<\\\/a><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What is IUL life insurance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/life-insurance\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">IUL (Indexed Universal Life) is a type of indexed universal life insurance that combines: <\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/life-insurance\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">-Death benefit: The beneficiary(ies) receive a federal tax-free payment when the insured dies.<\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/life-insurance\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">-Accumulates cash value: Accumulated money that the insured can access during their lifetime tax-free.<\\\/span><\\\/a><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What is an annuity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>An annuity is a financial contract with an insurance company designed to save money over the long term and convert that money into guaranteed periodic income for the future. An annuity is a financial planning tool. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What is final expense insurance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/final-expenses-or-funeral-plan\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">It is a type of life insurance designed to primarily cover the costs associated with the death of a person.<\\\/span><\\\/a><\\\/p>\\n<p><a href=\\\"https:\\\/\\\/mcgoldeninsurance.com\\\/en\\\/products\\\/final-expenses-or-funeral-plan\\\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">It&#8217;s typically a low-coverage policy (generally up to $30,000), designed to ensure family members aren&#8217;t burdened with debt or immediate expenses after the loss of the insured person.<\\\/span><\\\/a><\\\/p>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>FAQs What is Obamacare? Obamacare is the popular name for the Affordable Care Act (ACA), a healthcare reform passed in 2010 in the United States under the administration of President Barack Obama. Its main objective is to reduce people&#8217;s medical costs through the tax credit given to them by the government to reduce the cost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_joinchat":[],"footnotes":""},"class_list":["post-2654","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAQs - MC Golden Insurance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcgoldeninsurance.com\/en\/faqs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQs - MC Golden Insurance\" \/>\n<meta property=\"og:description\" content=\"FAQs What is Obamacare? Obamacare is the popular name for the Affordable Care Act (ACA), a healthcare reform passed in 2010 in the United States under the administration of President Barack Obama. 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