The Donnelly Agency

Safeguard Against Life's Uncertainties

Planning for the future can be daunting, but with the right guidance, it becomes manageable. At The Donnelly Agency, we offer expert advice and support to individuals over 50. Our knowledgeable team is here to answer your questions, provide insights, and help you make informed decisions, whether it involves funeral preplanning, tax deferred annuities, or Medicaid compliant annuities. Reach out to us today to begin your planning journey.

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Secure your future with The Donnelly Agency

Funeral PLanning Products

Medicaid Compliant Annuities (MCA's)

At The Donnelly Agency, we understand the importance of planning ahead for end-of-life needs. Our Funeral PrePlanning Products are designed to provide peace of mind for individuals and families as they navigate these sensitive decisions. We offer comprehensive options that ensure your wishes are honored while alleviating the financial burden on your loved ones. Let us help you create a personalized plan that suits your unique needs.

Medicaid Compliant Annuities (MCA's)

Navigating the complexities of Medicaid can be challenging, especially for those who may require nursing care. At Donnelly Agency, we specialize in Medicaid Compliant Annuities that help individuals protect their assets while ensuring they have the necessary funds for continued care. Our experienced team will work with you to tailor an annuity that meets your specific circumstances, providing you with the security and peace of mind you deserve.

Multi-Year Guaranteed Annuities

Medicaid Compliant Annuities (MCA's)

MYGAs are tax deferred annuities that guarantee an interest rate for a fixed period. There are 2 prominent reasons why you should consider MYGAs as an alternative to Certificates of Deposit (CDs). First, MYGAs will usually offer a higher interest rate than CDs, providing more growth for the owner. Secondly, owners of CDs normally pay taxes on their earnings each year. The MYGAs are tax deferred so the owners do not pay taxes on the earnings unless they withdraw the funds.

Home Assurance Travel Plan

So many Americans are away from home these days for business, family visits and recreation. Traveling has become second nature to most of us and we tend to forget that when we’re away from home… anything can happen, including death. Our plan takes care of everything for you in the event that a death takes place more than 75 miles away from home. Contact us today to learn more about the key benefits of this plan so you can travel worry free.

Long-Term Care Insurance

Medicare Advantage Plans & Medicare Supplements

As people age, many will need some form of extended care, whether at home, in an assisted living facility, or in a nursing home. These expenses can accumulate rapidly and may erode your hard-earned savings. Without a proper plan in place, decisions about your care could fall to family members during stressful times, which can impose both financial and emotional burdens on your loved ones. The good news is that you have options.

Medicare Advantage Plans & Medicare Supplements

Navigating Medicare can be overwhelming. The Donnelly Agency is here to simplify the process with our Medicare Supplement plans. We help you understand the differences between various plans and find the right coverage that fits your health needs and budget. Our goal is to ensure that you have the necessary support as you age. Contact us today to learn more about your options.

Frequently Asked Questions

Please reach us at kmhowerton@donnellyinsuranceagency.com if you cannot find an answer to your question.

Why do people pre-plan for their funeral?

Navigating end-of-life affairs for yourself or a loved one can be a heartfelt journey. Much like preparing for a new addition to the family or buying your first home, planning a funeral deserves thoughtful attention and financial foresight. Whether you're making arrangements for yourself or supporting someone else, understanding the potential costs empowers you to create a strong financial foundation. With a little planning, you can ensure that this process honors your loved ones and reflects their cherished memories. Let's embrace this important step with care and optimism!

How can I pre-pay for my funeral??

Preplanning your funeral can be much simpler than you might think! The first step is to gather some important information about your vital statistics and share your personal wishes and preferences. Once we understand the type of service you’d like, we’ll put together a cost estimate based on today’s prices.

After that, we can explore some great options for pre-paying if you’re interested. If you choose to make a one-time payment, we can place those funds into a funeral trust or an annuity, which will earn interest over time to help keep up with inflation.

If a lump sum isn’t in the cards right now, no worries! We also offer flexible payment plans through our partner companies, with terms of 3, 5, 7, and 10 years to fit your budget comfortably.

Best of all, our preplanning consultations are free, and there’s no pressure to commit to anything upfront. We’re here to help you document your wishes and make things a little easier for your loved ones during a challenging time.

What is a Multi-Year Guaranteed Annuity (MYGA)?

MYGAs are tax-deferred annuities that guarantee an interest rate for a fixed period. Individuals can purchase these products using a single premium. The funds invested in these contracts will earn interest on a tax-deferred basis, meaning taxes are not applied until the owner withdraws the funds. Once the guaranteed term ends, some contracts may provide a non-guaranteed interest rate, the option to annuitize, or the choice to transfer the funds to a new annuity. Click here to see our current rates.

What is a Medicaid Compliant Annuity?

A Medicaid Compliant Annuity is a Single Premium Immediate Annuity (SPIA) that provides income to the owner and contains zero cash value. When properly structured, this annuity functions as a spend-down tool that eliminates excess countable assets, allowing the nursing home resident to become eligible for Medicaid benefits. Watch this brief video for more information.