Informing Seniors -SIBOR-August 3, 2020

Table of Contents Informing Seniors ....................................................... 2 Tips for Dealing with Insurance ........................................ 2 Check Out Your Agent ...................................................... 2 Never be Pressured or Intimidated by an Agent .............. 2 Answer all Questions on the Application Correctly.......... 2 Never Sign Anything You Don’t Understand ..................... 3 Compare Policies Carefully .............................................. 3 Always Read Your Policy .................................................. 3 Keep Your Policy in a Safe Place...................................... 3 Tips for Car Insurance ..................................................... 4 Seniors Insurance Bill of Rights (SIBOR) .......... 5 Free Look Provisions......................................................... 6 Replacement Consequences ........................................... 6 Life Insurance and Annuities ............................................7 Annuities Only ................................................................. 7 Long-Term Care Only ....................................................... 8 Medicare Supplement Only .............................................. 8 Term Life Policy Only ........................................................ 8 Highlights in Spanish......................................................... 9 Talk to the Department of Insurance.................................10 1