CMEDIA: Patricia Mays from Patricia Mays Insurance Services LLC is an insurance broker and has been working to safeguard clients’ financial and legal futures for over 15 years. She specializes in easy quoting and enrollment offering a wide array of legal protection plans, identity and privacy protection plans, life and health insurance products, and ancillary plans. As an independent agency it provides access to industry-leading carriers, ensuring a comprehensive protection suite for all.
Asha Bajaj from Canadian Media (https://thecanadianmedia.com/) had an opportunity to discuss with Patricia Mays from Patricia Mays Insurance Services LLC ( https://patriciamaysinsurance.com//) the products and services she offers to safeguard her clients’ financial and legal futures.
Following is the excerpt of the conversation:
1. In your business how do your clients gain financial futures? Give a few examples.
I educate clients about risks that can cause them extreme financial harm and I advise them on selecting suitable plans to protect themselves against these risks. My goal is to help them fill all the holes in their financial safety nets.
A few examples are: A hospital indemnity plan covers gaps not paid by a health insurance plan, such as the daily co-insurance for every hospital stay. A cancer plan pays the member a lump sum in the case of a cancer diagnosis. This money can be used to cover the cost of treatments that are not covered by the health insurance plan, travel, lodging, household help, child care, and other expenses that cancer patients face. Similarly, a heart attack or stroke plan pays the member a lump sum that the member can use for treatment, travel, rehabilitation, and home health care.
Photo credit: Patricia May 
Photo credit: Patricia May
Short-term care plans and home healthcare plans pay for members to age or recover at home, saving thousands of dollars in nursing home and home care costs, and ensuring they get the care they need to recover.
Life insurance policies can be used to build a tax-free retirement fund, college fund, home purchase fund, or business start-up fund.Life insurance can also be used to fund buy-sell agreements as part of succession planning for business owners. These are just a few examples of the power of life and health insurance to protect the financial futures of individuals, families, and business owners.
What are some of the reasons for people to not able to get all the insurance coverage they need
Lack of education on the components that work together to create their financial security and inadequate knowledge and or tools for plan selection are some reasons that people do not take action to get all the insurance coverage they need, leaving them at risk for some major financial losses.
How do you help your clients about their legal futures?
I help clients in the United States and Canada select legal protection plans that give them affordable access to leading law firms for advice, legal services, and civil trial defense. Lack of legal knowledge, advice, and representation can lead to tremendous financial losses or even incarceration.
Please highlight what you do to protect small businesses’, families’, and commercial drivers’ rights and identities.
I help families and small business owners in the United States and Canada select legal protection plans that give them affordable access to leading law firms for advice, legal services, and civil trial defense.
I also offer special legal plans or supplements for delivery and rideshare drivers, gun owners, and public servants.
I help commercial drivers get affordable commercial driver legal plans to help keep their motor vehicle records (MVR) clean and keep points off their Compliance, Safety & Accountability (CSA) records and their company’s CSA record. Identity theft crimes and privacy violations are an increasing problem. A victim of these crimes can easily lose tens or hundreds of thousands of dollars in stolen assets, lost time from work, and restoration costs.
I help clients in the United States and Canada select identity theft and privacy protection plans that give ongoing monitoring and alerts for their personal information, assets, and accounts and restoration services in the event of an incident.
What resources did you use to raise their awareness?
I start every prospective client relationship with education on basic financial concepts and the uses of different types of insurance products. I do a thorough needs analysis to determine their circumstances, goals, and risk tolerances. I present their needs analysis and show them their gaps, then work with them to make a plan to fill the holes in their financial safety net and help them reach their goals.
Please explain what you mean by Tax credits?
A federal tax credit is a dollar-for-dollar reduction in the federal income tax due. When the final tax liability is calculated, the taxpayer subtracts the tax credits from the calculated amount, then pays the difference.
How would clients benefit from these credits?
People benefit from tax credits by keeping more of their money instead of paying it in taxes. For an individual or family, this money can be used for living expenses, savings, or some special purpose. For a business owner, the savings can be used to pay operating expenses, used to scale the business, or retained as profit.
Please list the various types of tax credit provided by your business ?
I help clients with three different tax credits at this time.
(1) SETC – The Self-Employed Tax Credit is for self-employed individuals impacted by the challenges of the COVID-19 pandemic.
The Self-Employed Tax Credit (SETC) is a vital financial lifeline introduced by the American Rescue Plan Act to support self-employed individuals affected by the challenges of the COVID-19 pandemic.
Claims should be filed by March 31, 2025, to ensure processing before the program expires.
Claims can be started by visiting https://unitedsetc.com/r/pmis.
(2) ERC – Employee Retention Credit is for employers impacted by the COVID-19 pandemic.
Employers still have a short window of time to find out if their businesses are eligible to receive funds through the Employee Retention Credit (ERC), a government stimulus program designed to support employers during the COVID-19 pandemic.
This service is designed to help small businesses get the maximum refunds to which they are entitled, to help sustain and grow their businesses.
Employers may visit our landing page https://ercfilenow.com/r/pmis to get started.
(3) Passive Federal Tax Credits are for individuals, business owners, and entities seeking compliant, strategic tax-saving opportunities.
Through our network, we provide access to IRS-compliant passive federal tax credits that can significantly reduce federal tax liability while improving overall cash flow.
The credits are available to qualified federal tax filers with an EIN or SSN.
Availability is limited, and qualification is required. An initial discovery call is necessary for interested parties to evaluate their existing financial structure and tax dynamics. Interested parties may request an initial call at https://qrco.de/PFTC.
Tell me in brief about the tools used in your business about Life, Health, Legal and Identity.
I can serve clients in person, by phone, or by video call. I have websites that allow search, comparison, and enrollment in health plans and ancillary plans. I offer electronic enrollment for life insurance plans. Health insurance clients can register for a client portal to view their plan information and get alerts and updates. Legal and identity theft plan members can view informative videos and articles on my website and enroll in plans. After enrolling, they can use smartphone apps to manage their plans and contact the providers.
