Post-retirement Solutions


In general, as we prepare for, or enter into retirement, we have some major decisions that must be made. When will I start collecting social security, where can I make a decent return on my money without risking my principal, how will I cover the healthcare costs not paid by Medicare and finally, do I need long term care insurance, do I have my final expenses and other life insurance in order?

At The Jeff Lambert Insurance Agency, your needs and best interests are our priority. Call us today and let’s together assess what health, life and “safe money” options are best for you and your loved ones. Making thoughtful choices here will help ensure a comfortable and stable retirement.

But before you plan your retirement your way, it’s important that you understand the basics of retirement solutions along with their pros and cons.

Types of Retirement Solutions

Final Expense

Here’s a type of insurance that covers the cost of your funeral and burial, and ensures your loved ones don’t struggle financially in those testing times.

  • Covers cost of burial or cremation
  • Premium never increases
  • No medical exam needed
  • Affordable
  • Low payout compared to life insurance – Face amount is between $5,000 and $40,000, which may not necessarily cover all needs when you are moving on.


An annuity is a contract between an insurer and insured, where the latter pays the company an amount, either a lump sum or through installments. This entitles the insured to an income stream at a future date from the insurer. At Lambert, we specialize in offering fixed and indexed annuities. Read more about this insurance based retirement plan.

Fixed Annuities
  • Simple and easy to understand
  • Predicted face amount
  • Tax-deferred growth
  • Principal is protected and guaranteed to grow at a fixed rate
  • Generally speaking, 10% of your funds can be accessed without penalty yearly
  • Penalty for early withdrawal
  • Lower rate of return vs some other less safe investments
Indexed Annuities
  • Principal is protected from market volatility
  • Guaranteed minimum return
  • Index gains are locked in
  • Gains are locked in
  • Upside potential is limited
  • Gains of your contract can be capped
  • Steep penalty for early withdrawal

Long Term Care Insurance

Under this, a personal retirement account holder is eligible for coverage that provides nursing home care, assisted living, or home-health care for individuals age 65 and above or with a chronic disease or disabling condition.

  • Can be tailored to fit individual needs
  • Tax-free benefits
  • Protects retirement savings from depletion
  • Family can be care managers instead of caregivers
  • Can be expensive at older ages
  • Premium rates are not always guaranteed
  • Can be difficult to qualify for

Types of Medicare defines Medicare as “a federal health for people who are 65 or older, certain younger people with disabilities, people with End-stage Renal Disease (ESRD). It has four parts, namely Medicare A, B, C, and D; which help cover specific services. Medicare A, B, and D come under Original Medicare, which is offered by us at Lambert. Coming to Medicare C, also known as the Medicare Advantage Plan, we leave it to our partner to help you with information and avail it.

Medicare A
This part of Medicare plans covers hospital stays, skilled nursing care, hospice care and, to an extent, home-health care.

Medicare B
Part B covers doctor visits, lab test tests, diagnostic screenings, medical supplies and equipment, ambulance transport, and other outpatient care services.

Medicare D
Part D helps cover the cost of prescription drugs. It is best-suited for people with high prescription drug bulls.

Medicare C
Yes, we know C comes before D, but in case of Medicare, part C stands separately as the Medicare Advantage Plan. It usually has parts A, B, and D combined into a comprehensive plan. This plan may lower out-of-pocket expenses such as hospital deductibles.

Have a question? Call us or book an appointment right away.

About The Jeff Lambert Agency has been successfully meeting the needs of our clients in TX since 2015. Our dedicated agents specialize in a broad range of insurance products and carriers. But, we simply don’t believe in the “one-size-fits-all” approach. We work with you to create individualised solutions. Our team is here to help our clients ask the right questions, identify their specific insurance demands and voice their concerns so we can best meet them.

Be Future Ready!