Term life insurance is a type of life insurance policy that provides coverage for a specific period (term), such as 10, 20, or 30 years. If the policyholder passes away during the term, the beneficiaries receive a death benefit. If the term expires, the policy usually ends without a payout unless renewed or converted.

Medicare Advantage (Part C) plans are an alternative to Original Medicare. These plans are offered by private insurance companies approved by Medicare and provide all Part A (hospital) and Part B (medical) benefits, often with additional coverage like dental, vision, hearing, and prescription drugs.

A Medicare Supplement Plan is private health insurance designed to cover the "gaps" in Original Medicare. These gaps include out-of-pocket expenses such as deductibles, copayments, and coinsurance. Medicare Supplement plans work alongside Original Medicare, meaning Medicare pays its share first, and then your Medicare Supplement Plan pays its share based on the plan's benefits. This helps reduce or eliminate your out-of-pocket costs.