Choose the Right Lane.

Explore Our Insurance Products

All Products

Social Security Planning

UNDERSTAND YOUR OPTIONS

Social Security Planning is a cornerstone of Medicare, yet many individuals leave money on the table due to a lack of understanding about their options.

Medicare

MAKE THE RIGHT CHOICE

While standard Medicare offers coverage for a wide variety of services, you may find that a different plan through a separate insurance carrier better fits your needs.

Annuities

STABLE SAVINGS AND INCOME

Whether you’re looking for a safe place to grow your savings or a steady income stream in retirement, annuities offer flexible solutions tailored to your unique needs.

Tailored to Your Needs

Age 45+ Plan

Is my 401k and Roth IRA “Catch Up” plan in place? Do I have a trust or a will, and is it up to date? Do I have an annuity in place to cover my retirement medical expenses?

Age 55+ Plan

Am I still on track with my Roth IRA “Catch Up” plan? What’s my strategy for taking Social Security? Could an annuity help me prepare for any income gaps?

Age 65+ Plan

How do I select the Medicare plan that’s right for me? How do my trust and will look? Do I have a Medical Power of Attorney? Am I prepared for income gaps for Required Minimum Distributions (RMD)?

Insuring Oakland County and All of Michigan.

The M1 Agency specializes in Social Security Planning, Medicare, Annuities, and Age-Specific Insurance Plans.

Whether you’re a Gen X just starting to think about Social Security, or a Baby Boomer sorting through too many Medicare plans, The M1 Agency is here for you. We utilize the latest technology and strong relationships with local partners like HAP and BCBS MI to tailor a long-term healthcare strategy that meets the unique needs of you and your family.

You’ve lived a life that’s earned respect, and we’re here to provide it. That’s why we take a cost-conscious, fee-slashing approach to your planning, helping you put more of your hard-earned dollars toward the long, fulfilling retirement you deserve.

The M1 Agency donates a portion of all proceeds and volunteers with Forgotten Harvest to reduce food insecurity in Michigan’s senior population.

Partnering with carriers that prioritize your needs

Reliable Insurance Partners

Our team has handpicked top insurance providers—both nationally and locally—to help you find coverage that aligns with your healthcare needs and budget. Based in Michigan, we’re here to guide you through the process at no extra cost.

Q: When Can I Start Receiving Social Security Benefits?

You can start receiving Social Security benefits as early as age 62. However, if you wait until your full retirement age (67 for people born after 1960) or later, you may get higher monthly payments.

Q: How Much Social Security Will I Receive?

Your Social Security benefits depend on your work history, earnings, and when you start receiving them.

Q: How Do I Apply for Social Security Benefits?

To apply for Social Security benefits, you need to complete an application with the right paperwork. The Social Security Administration (SSA) provides information on how to apply for retirement, disability, or survivor benefits.

Q: What is Medicare?

Medicare is a government health insurance for people 65 or older, or younger people with disabilities. It has four parts: Part A (hospital insurance), Part B (medical insurance), Part C (Medicare Advantage), and Part D (prescription drug coverage).

Q: What Does Medicare Cover?

Original Medicare (Parts A & B): Part A covers hospital care, and Part B covers doctor visits, outpatient care, and some preventive services.

Medicare Part C (Medicare Advantage): These plans cover everything in Original Medicare and may include extra benefits like vision, dental, and hearing coverage.

Medicare Part D: Helps pay for prescription drugs.

What Medicare Doesn’t Cover: Long-term care, routine eye exams for glasses, cosmetic surgery, and hearing aids.

Q: How Do I Enroll in Medicare?

Eligibility: You can get Original Medicare if you’re a U.S. citizen or permanent resident who’s lived in the U.S. for at least five years and are 65 or older, or under 65 and getting Social Security Disability for 24 months, or have End-Stage Renal Disease or ALS.

Enrollment: You can sign up online or at your local Social Security office.

Enrollment Periods: There are different times to enroll, including an initial enrollment period, general enrollment period, and special enrollment period.

Q: What is an Annuity?

An annuity is a long-term deal with an insurance company. You give them money to invest, and you don’t pay taxes on the earnings right away. When you retire, you can use this money for a steady income. There are different types: fixed, variable, and indexed. Fixed annuities give a set amount, variable ones depend on how well your investments do, and indexed ones grow based on certain markets but have limits.

Fixed annuities have the lowest earnings, variable ones have the highest, and indexed ones are in between. Fixed ones have no risk, variable ones have the most risk, and indexed ones usually have low or no risk.

Surprising Facts About Annuities:

They Help Your Money Grow: From a DALBAR report published 8/24/2023, people with variable annuities earned more (23.59%) than those with mutual funds (20.79%).

They May Have Low Fees: Some annuities have no fees. Others, like variable annuities, have fees of 3-4%. Simple products, like fixed annuities, often have lower fees, while variable annuities tend to have a higher fee, though your cost may vary.

They Can Leave Money Behind: Some annuities let you choose who gets your money when you pass away.

They’re More Flexible: You can take money out of some annuities without extra charges, but some may charge fees if you take it out too soon.