Input: Can You Borrow From A Life Insurance Policy?

Output: If you are the owner of the life insurance policy and the policy has a cash value you can borrow from a life insurance policy . You simply have to contact the insurance company and request a loan . There are some consideration you should be aware of including : If you borrow and do not pay the interest on the loan it compounds and could put the policy at risk of lapsing . In Canada borrowing from the policy could trigger a taxable policy gain . If you borrow from a bank using the policy as collateral , no taxable policy gain is triggered . You should discuss options with you insurance advisor , to ensure you are informed . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can You Borrow From A Life Insurance Policy?

Output: You can only borrow money from a life insurance policy if it 's a policy that builds cash value - a permanent life insurance program . Permanent life insurance includes both Universal and Whole life insurance programs . Term life insurance does not build cash value and therefore there 's nothing to borrow from . The maximum amount you can borrow is up to the current surrender or loan value cited in the policy at the time you want to borrow from the cash value . Keep in mind , when you borrow money from the cash value , you are creating a loan against the policy -LRB- the funds are expected to be paid back and , much like you do when borrowing from a bank , an interest rate is being charged on the borrowed monies -RRB- . If the insured dies with an outstanding loan , the carrier will deduct the outstanding amount and any interest charges from the death benefit and give the difference to the beneficiary . Consult with your agent before borrowing from the cash value to find out what will happen when you create a loan against the policy and what you 're responsible for . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Soon After Moving Do I Need To Get New Rental Insurance?

Output: Most renters policies extend coverage to a new location . It is unlikely that the value of your property will change much during the move so the current values should be accurate . Notify the company that you have a new address . That will trigger the changes that are necessary . You should be sure that you receive an amended declaration showing the new address as this is very important for liability claims .


Input: How Soon After Moving Do I Need To Get New Rental Insurance?

Output: In kansas and Missouri most of the insurance companies give you 30 days of coverage when youm move to a new location.Call your insurance agent as soon as possible to make them aware of the change of address , the premiums could be less at your new location especially if you move from an aparmtent complex to a single family dwelling or a duplex or four plex .


Input: How Soon After Moving Do I Need To Get New Rental Insurance?

Output: That is a great question ! Your current renters policy should allow you some amount of grace period to allow for safe relocation . You want to contact them and find out how long exactly that period is , and what they 'll cover during that period . You may be able to keep your coverage with them in your new apartment , but expect to pay a different premium -LRB- who knows , maybe it will even be less ! -RRB- if you do so . By all means make sure that you tell them that you 've moved , since they will certainly deny any claim you 'd file from a differing address than the one on your policy . Honesty is always the best policy in every case . Good luck with your move , and thanks for asking !


Input: Can I Have Cobra And Medicare?

Output: You can have both COBRA and Medicare , but you probably do n't want or need both . If you qualify for Medicare your Part A coverage is normally `` free '' . You paid for it in advance during your working years . Part B requires a premiuim . In most cases Medicare will pay first , COBRA second .


Input: Is Hazard Insurance Same As Home Insurance?

Output: In the context of Homeownership , yes it is . Hazard Insurance is a general term that has come to be used that actually refers to a broad range of property and liability package insurance plans . It is probably most commonly used by banks and mortgage companies as a term in their loan requirements .


Input: Does Home Insurance Cover Septic System?

Output: Sometimes . It really depends upon the terms of your insurance contract . If a covered peril occurs -LRB- e.g. explosion -RRB- and it damages your septic system or a pipe leading into your home from the sewer that could be covered . In this instance you will have to peruse your policy for a specific exclusion to septic/sewer damage to see if your claim will be denied . If your septic system just stops working , however , there is no coverage for this . Normal wear and tear or just age is not a covered peril . That could be a warranty claim against the manufacturer . I hope this helps .


Input: Does Home Insurance Cover Septic System?

Output: A septic system in underground and generally not affected by the perils that a homeowners policy covers . They dont generally burn , get struck with lightning or blow away in a windstorm . The coverage available in a homeowners policy specifically excludes water that backs up into a house which is about as close as you can get to a septic system . The policy never covers normal wear and tear . It is possible that under some unusual conditions a septic system would be covered , but it would be rare .


Input: Can I Have Medicaid And Medigap?

Output: You can , but this is actually pretty rare . It is illegal for any agent to sell you a Medigap policy if they know you are on Medicaid . This is asked on every Medigap insurance application , so if answered truthfully , you would generally not be able to purchase a Medigap policy . Some Medicare beneficiaries purchase a Medigap policy , and then at some future point become eligible for Medicaid . Since Medicaid essentially provides the benefits provided by the Medigap policy , the Medicare/Medicaid beneficiary may suspend their Medigap policy for as long as they are on Medicaid . They technically still have Medigap , but in a suspended status .


Input: Why Don'T People Buy Disability Insurance?

Output: People do n't buy Disability Insurance because they feel they ca n't afford it , because they do n't think that they will ever become disabled , because they assume someone will take care of them if they do become disabled , because they are confused on how to go about buying Disability Insurance , or because they just do n't like to think about it . A quick call to a reputable life insurance agent who sells disability coverage can help clarify prices and process and help them get on the road to protecting their families if a disability occurred .


Input: Why Don'T People Buy Disability Insurance?

Output: The number one reason people dont buy disability insurance is because it is not offered by their financial planningadviseror insurance professional . The second reason is that disability insurance is too expensive , a pervasive myth in the market . The third reason is the contractual definitions are difficult to understand , not only at the consumer level , but the producer level as well .


Input: Why Don'T People Buy Disability Insurance?

Output: Why do n't people buy disability insurance ? Well , probably the biggest reason is they feel they have it through their employer . Most feel that workers industrial insurance -LRB- many different names -RRB- that protects them from on the job injury is enough . Except when they hurt themselves off the job or basically get sick . There 's sort of a willful ignorance when it comes to disability insurance as to why many never consider it . Call it income insurance and interest rises . Go figure ?


Input: Who Has The Lowest Homeowners Insurance Rates?

Output: Is there really a carrier that has the Cheapest Homeowners Insurance Premium Rates ? In order to answer this question , you would need to understand the rating structure and the goals and principles of the industry . It is the desire of each and every insurance carrier to do the following : 1 -RRB- Gain a Fair Share of the Risk 2 -RRB- Maintain Financial Reserves 3 -RRB- Provide Excellent Customer Service 4 -RRB- Stay in the Technology Forefront 5 -RRB- Adjust and Pay Out Claims quickly and fairly 6 -RRB- Show a profit each year not to exceed the State maximum allowed If any carrier offered the cheapest possible rates , the above 6 items would most probably not be accomplished . Also , carriers wish to evenly spread risk across the vast service area where they are licensed , a concentrated area of risk would defy the principle of the law of large numbers thereby subjecting the carrier to great loss should a large incident occur in that single area . Customers seek the lowest premium and most often speak to insurance agents ; between customers seeking a ` cheap ' premium and insurance salespeople hungry to sell policies for a commission gain , the principles of insurance are simply forgotten.In order to keep this issue from getting out of hand , insurance companies have underwriting departments who review each risk and take any necessary action to mitigate the risk , in some cases by issuing underwriting advisories or by issuing a notice of cancellation . In order to provide an online format to obtain a quote and buy home insurance online in multiple States ; we have devised the following link which may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Where Can I Get Long Term Care Insurance?

Output: You can get Long Term Care Insurance from agents who have a health insurance license . Some Life and Health agents like myself , utilize the services of LTC brokers to help us find the best prices of Long Term Care Insurance from multiple companies to find our clients the lowest price . You can find agents on this website , by searching on the internet , or looking in Yellow Pages . Please do not hesitate to call if you would like me to assist you with this important purchase .


Input: Where Can I Get Long Term Care Insurance?

Output: If you are looking for long-term care insurance in Florida , make sure you are dealing with an agent that has the proper certification . As Ms. Mace mentioned we have to be licensed to sell health insurance . In Florida , we also must take an additional class and pass the test to receive a certification to sell long-term care insurance . It is one of Florida 's ways of ensuring the customer is protected . I have my certification so if you are in North Florida please feel free to contact me : 352 514 5295 , cscottbannon@hotmail.com or PO Box 786 Keystone Heights FL 32656 . I would love to meet with you so we can individualize a plan of protection for you and your family . With much appreciation . To your prosperity .


Input: Where Can I Get Long Term Care Insurance?

Output: There are a number of carriers who offer long term care insurance programs including Mutual of Omaha , MetLife , John Hancock , and others . Since this type of coverage is very customizable as there are a number of different benefits you can choose from with each carrier , you should work with an experienced and knowledgeable independent insurance broker who can discuss your needs for the coverage and help evaluate what type of structure will be most suitable to meet those needs . Independent insurance brokers can compare options from multiple insurance companies to make sure that you are securing the most suitable program at the lowest cost . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: What Is A Good Life Insurance Rate?

Output: A good life insurance rate would depend on the type of life insurance you get and your age and health . If you are getting 10 year term and have to reapply every 10 years , then paying 1 % of your annual salary would be a good rate in your 20 's , if you have excellent health . If you are in your 60 's , paying 10 % of your annual salary for 10 year Term would not be a bad rate , even for a person of excellent health . If you purchase permanent insurance , you may start out paying 10 % of your salary in your 20 's , but then by the time you reach your 60 's , the policy is paid up and you owe nothing .


Input: What Is A Good Life Insurance Rate?

Output: A good life insurance rate is preferred nonsmoker . But a great life insurance rate is super preferred nonsmoker . Packaging your medical profile and positioning it the right light can really make a difference in the price you pay for life insurance . Half of Americans , who own life insurance , are paying the wrong rate class .


Input: Can I Use Life Insurance To Pay For College?

Output: Yes , Life Insurance can be used to Pay for College if ... . You have enough cash value in the policy to withdrawal or take a loan , If you have a return of premium term policy which allows loans to be taken , You received the death benefit which you were the beneficiary . Remember , life insurance can be an asset for you to use provided there is enough resources for you to pull on . Good Luck .


Input: Can I Use Life Insurance To Pay For College?

Output: Can life insurance be used to pay for college costs ? Yes , absolutely . Cash values in a life policy are unrestricted funds . You can use them for any purpose . College costs would be one of those . One nice thing about cash value life insurance is that those values are not required to be declared on the college FASFA report . The FASFA is something most all colleges and universities require families to do in order to figure out financial aid opportunities . Most all other assets parents have count against aid opportunities , but cash values are n't asked for .


Input: Can I Use Life Insurance To Pay For College?

Output: The key component of college funding is the FAFSA -LRB- Free Application for Federal Student Aid . -RRB- Every college bound student and returning student must complete this form each year to receive any assistance . Every source of income used to pay college expenses must be included . Whether you cash in a life policy or take a loan the effect is the same , it drives up the familys expected contribution amount and thus reduces access to financial aid . Accumulating money for college in a life insurance policy is a great idea but get advice before you start withdrawing the money . It is probably better to use the money to pay off loans in the final year and beyond because it would not be included in any eligibility computation .


Input: How Much Is Renters Insurance Monthly?

Output: In order to know how much Renters Insurance will cost you monthly , you 'll need to obtain a renters insurance quote . If you seek the lowest premium you will need to purchase the minimum amount of personal property coverage , the minimum personal liability and the maximum deductible available ; this will generate the lowest premium quote . In order to provide an online renters insurance quote and buy renters insurance online in multiple States ; a link is available that may be useddirectly by Consumers . An exemplary online experience for all ! WEBSITELINK Please review all coverage details prior to purchasing any insurance policy .


Input: How Much Is Renters Insurance Monthly?

Output: Unlike what you see on television , insurance doesnt come in packages on the shelves of a store . Each renter is individually underwritten to meet the specific requirements of that renter . The average renter in my agency pays around $ 10 month for renters insurance . The company reports a slightly higher figure but neither figure bears any resemblance to what your premium might be .


Input: What Is Cash Value Life Insurance?

Output: Video Transcript : What is cash value life insurance ? Cash value life insurance can either be in participating whole life , it can be in current assumption universal life , it can be in index universal life , or variably universal life ; those are the 4 cash value products . We always have to pay the policy expense loads first . Once those are paid , we can take the crediting from that , whether its interest rate , dividend , or whatever it is , we credit that into the policy cash values and they accumulate . During the accumulation , it 's tax-deferred . When the money comes out , providing that the policy is kept enforced for the policy insured 's life , those proceeds , withdraws to basis or policy loans to gain , can come out tax-free .


Input: How To Get Part B Medicare?

Output: Most people will sign up for Medicare Part B when they turn age 65 . If you are covered under an employers group health insurance plan , there is no need for you to sign up for Part B . You should wait until that coverage is ending and apply for Medicare Part B at that time .


Input: How To Get Part B Medicare?

Output: When you qualify for Medicare you are usually automatically signed up for part B . You will receive a letter from Medicare allowing you to opt out . Unless you are still covered under a group plan or other creditable coverage , do not opt out . You will be penalized by Medicare each year you do not enroll in Part B , which could cost you a lot of money over the years .


Input: Can I Add A Friend To My Auto Insurance?

Output: If your friend drives your car on a regular basis then you might want to consider adding him as a named driver . Be careful though . His driving record will effect your insurance rates . So if he has a bad driving record you are better off having him get his own coverage before letting him drive your car .


Input: Can I Add A Friend To My Auto Insurance?

Output: Most insurers will allow you t o add other drivers to your policy . Typically , they are listed as `` additional drivers , '' and you may sometimes pay an extra fee for them . If they are simply a friend that does not live with you and onlyoccasionallydrives the vehicle , you do not have to officially add them to your policy .


Input: Where To Buy Short Term Health Insurance?

Output: There are online outlets for short term disability but before you start shopping for short term disability insurance , find out if your employer sponsored group plan offers it . Many of these types of plans offer short term disability insurance as part of the overall employee benefits.But if you have to shop , start online with brokerage outlets that specialize or have complete departments dedicated to disability insurance . Most of these firms have access to a wide range of carriers that can spread sheet the players in disability insurance .


Input: Where To Find Term Life Insurance?

Output: The best place to buy term life insurance is from a licensed life insurance agent . Life insurance is sold like a commodity and can be purchased through the internet , through direct mail or newspaper advertisements ; however , you will probably be most satisfied if you discuss the matter thoroughly with someone who understands you and the insurance companies available .


Input: Where To Find Term Life Insurance?

Output: You can find Term Life Insurance online , or at an office that sells life insurance . You can use a search engine , Yellow Pages , or this website to find agents that sell term life insurance . Term Life is a simple product and as long as you get a policy with a highly rated company , your policy should be secure . The key is to use an agent who can find you the best rate for your health history .


Input: Is Interest Earned On Annuities Taxable?

Output: There are two basic types of annuities , qualified and non-qualified . A qualified annuity would be a traditional IRA for example . You can deduct contributions from your taxes each year up to a specified amount . Once you begin taking payments , you pay taxes on the payment amount . A non-qualified plan is not tax deductible but the interest is tax deferred until you withdraw the funds . You will pay taxes in either case it is just a matter of how and when .


Input: Is Interest Earned On Annuities Taxable?

Output: In general terms tax deferred annuities , during the accumulation period defined by the policy , does not pay taxes until constructive receipt of any distributions . During distributions , all gain is taxed at ordinary income tax rates of the owner of the annuity . Non-qualified annuities have basis which will not be taxed but generally are received last in a payout . If the annuity is annuitized for the life of the annuitant , basis with be part of the payout until it is exhausted . That is the exclusion provision for basis , which can have a positive impact on cash flow .


Input: How Much Will Car Insurance Be For A 16 Year Old?

Output: That is a question best asked of a local agent . Rates will vary from on geographic location to another . Many other factors can also affect your rates . Some of the factors are the vehicle -LRB- s -RRB- to be covered , the motor vehicle records of the person -LRB- s -RRB- to be covered on the policy and various other factors . Contact a local agent to get a quote for coverage .


Input: Can Overweight People Get Life Insurance?

Output: Overweight people can be underwritten for life insurance . Prudential is a leader in this area . The real issue with overweight prospects is usually additional impairments like diabetes , heart conditions , pulmonary problems or persons who also smoke .


Input: Can Overweight People Get Life Insurance?

Output: Most overweight people can get life insurance . If overweight or obese , they can usually get any amount and type of coverage they desire . If morbidly obese , there are simplified issue or guaranteed issue policies that have no weight limit at all ; however , they will have a low maximum face amount and only come in one or two types of coverage . Contact an agency that specializes in overweight life insurance to find your lowest price .


Input: Can Overweight People Get Life Insurance?

Output: Great question and I now have a Group policy available to individuals through a monthly membership and there are no medical questions asked and no exams . You must work at least 30 hours per week to be eligible . Example of coverage : 49 year old with $ 100,000 in coverage is $ 88.55 per month .


Input: Can Overweight People Get Life Insurance?

Output: Life Insurance can be complicated as different variables such as weight are outside of the parameters of most insurance companies . An overweight person will need an agent that has many options for life insurance . You might not need to do a medical exam and get the same rate with a non medical policy . An overweight person is often a great candidate for a non medical policy . Why go through all the hassle of the tests if it does n't improve your premium ? You should look for both types of policies and determine if a simple issue policy is the best option . I just did a quote for a client where the non med was $ 1 more per month in premium . You should find an agent that has both solutions .


Input: What Is Own Occupation Disability Insurance?

Output: Own Occupation Disability Insurance is a DI policy that will pay the insured person if they can not perform their `` own occupation '' due to being disabled . The definition in the contract goes something like this : `` The inability to perform the material and substantial duties of your regular occupation , with the insurance company considering your occupation to be the occupation you had at the time of becoming disabled , and the company will pay the claim even if you are able to work in another capacity . '' E.g. . If you are a rocket scientist who is unable to remember complicated formulas due to progressing MS , you can still receive your disability benefit despite being able to work as a data entry person .


Input: Can You Have Two Term Life Insurance Policies?

Output: You can have as many life insurance policies as you want , term or whole life , as long as you can afford the premium . Many people start out with a policy they can afford and later take out additional insurance as their need for more insurance changes and they can afford more .


Input: Can You Have Two Term Life Insurance Policies?

Output: Yes , you can have mulitple policies in force on an individual . The only potential problem would be in the purchase of an additionalnew policy as insurance carriers ask about existing coverage and factor those policies and the applied for policy towards a total amount of coverage . The carrier may feel you 've met your maximum level of coverage based on your situation .


Input: Can You Have Two Term Life Insurance Policies?

Output: Yes , you can have as many insurance policies as you can qualify for financially . Many clients will ladder insurance policies to meet their needs and reduce cost . For example , a client may have a need for $ 1,000,000 of coverage while their children get through college and then $ 500,000 for life . They could purchase a $ 500,000 - 20 year term , and a $ 500,000 guaranteed UL policy to last until they are 120 years old .


Input: Can You Have Two Term Life Insurance Policies?

Output: You can have two or more life insurance policies , but if you apply for a second or third policy , the life insurance company does ask if you have existing insurance . Why do they do this ? Because they want to make sure that you are financially qualified for the total amount of coverage that you will own . This is to protect the insurance carrier from unscrupulous persons who would try to gain excessive profit off the death of another , and from terrorists or other criminals who would try to use life insurance for money laundering . For the average person who simply wants more than one policy in order to get sufficient life insurance , or who wants to diversify their coverage between different companies , applying for and owning multiple policies is fine .


Input: Who Needs Medicare Supplemental Insurance?

Output: Who needs a Medigap plan ? Although we all could use one , it is not necessary that you have one if you have sufficient out of pocket funds available -LRB- liquid funds , that is -RRB- to pay for some of the gaps that Medicare does not pay for . If you feel the burden is potentially too high and you are more comfortable with a steady monthly premium , then perhaps Medicare Supplement insurance is a perfect fit . To truly decide and to thoroughly and accurately weigh your options , an experienced broker would be very helpful , as would many reputable websites run by those experienced brokers .


Input: Who Needs Medicare Supplemental Insurance?

Output: Almost everyone enrolled in original Medicare will want a Medicare supplement plan . Original Medicare covers less than 80 % leaving you with a big gap to cover out of pocket if you have a serious illness or accident . Your 20 % + share can amount to several thousand dollars out of pocket unless you have a Medigap plan .


Input: When Should You Contribute To A Roth 401K?

Output: The Roth IRA is the retirement investment of choice when you think that your marginal tax bracket will be higher when you retire than it is now . The Roth IRA is funded with after tax income . The distributions from the Roth IRA -LRB- subject to some requirements -RRB- are income tax free . Few people appreciate that during the working years they are frequently in a very low tax bracket because of deductible expenses and that when they retire those deductions dont necessarily continue .


Input: Can You Cancel Your Homeowners Insurance?

Output: Yes , of course you cancel your home insurance.But before you do that make sure you have a policy in place to replace it . Insurers are only part of the equation . Your mortgage company or bank who has an interest in your property is going to require that you have a policy in place . In the event that they determine you do not they will have `` forced placed '' insurance set in motion . That is going to be ultimately more expensive for you and may not have all the coverage nuances that you have now . Talk to an agent before you proceed to cancel a policy and they should be able to assist you . If you are not satisfied wuith your agent look around and find another /


Input: What Exactly Does Renters Insurance Cover?

Output: Renters insurance covers three primary areas . First is Personal Property coverage . This portion of the policy covers all of your personal belongings from the peril of loss , theft or damage anywhere in the world . The loss does not have to occur at the location named in the policy for the loss to be covered . Second is Personal Liability coverage . This portion of the policy covers the insured in the event they are found personally liable for damage or injury to another person or their property . Again , this coverage applies wherever the insured is , it does not have to occur at the property address listed on the policy document . Finally , the policy covers for Loss of Use . With this portion of the policy , the insured is covered in the event they are required to temporarily vacate their residence . This coverage pays the increase in monthly living expense over what they typically pay each month for rent , up to the policy limits . In addition , riders can be attached to the policy to cover higher value items , collectibles , firearms , jewelry , artwork and etc. .


Input: Does Cigna Health Insurance Cover Hearing Aids?

Output: Cigna health insurance plans normally cover at least a portion of the cost of hearing aids . Severe hearing loss is a health issue . There are different kinds of hearing loss and different kinds of hearing aids . Most health insurance plans have limits on the amount they will pay toward the cost of a hearing aid . Approved claims must meet specified standards for the degree of hearing loss .


Input: Who Sells Decreasing Term Life Insurance?

Output: I have searched and searched for decreasing term life insurance and have not been able to find a company that sells it . There are companies that will continue a policy after the term ends , at a lower face amount . But for those who insist on a lower face amount each year , we have used annually renewable term . Each year you can get a new one year policy with a lower face amount .


Input: Who Sells Decreasing Term Life Insurance?

Output: Who sells decreasing term life ? Well about the only thing left that is close to the concept would be credit life . Credit life is a policy that insures your loan amount as it grows smaller over time for a set premium . Usually it is a very expensive product for the amount of coverage it provides , but for some , may be the only thing they can purchase because of poor health . Usually if your health is fair to good , you can do better with a traditional term life product .


Input: How To Get Long Term Care Insurance?

Output: There 's a short answer to this ; just call me ! -LRB- sorry , I could not resist ! -RRB- . I think an answer that you may find more useful is when shopping for long term care protection , make sure you are talking to a broker or financial adviser who specializes in this area . There are several product solutions available that provide impairment or long term care protection , over and above the traditional LTC policy . For instance , there are term life insurance products that have what is known as living benefit riders , there is permanent life insurance products that have LTC riders , there is single premium LTC that has a life time 100 % money back refund guarantee , and there is asset based LTC , which uses an annuity for retirement planning , coupled with an income rider that has impairment benefits . As you can see , it can become quite complicated ; therefore you need an experienced professional that will provide objective advice , based on your individual needs .


Input: Is It Illegal To Drive Without Car Insurance In Alaska?

Output: Yes , it absolutely is illegal . Everyone signs paperwork when registering vehicles at the Alaska Department Of Motor Vehicles declaring they have current insurance , unlike other states they do not check for proof there at the counter . You do get caught when involved in an accident and you do n't fill out the mandatory crash forms that are required . If you do n't do the crash form , there will not only be a warrant for your arrest its a huge mark on your driving record , basically the same as getting a DUI . Please do not drive without insurance it is the law .


Input: How Do I Buy Renters Insurance?

Output: To secure renters insurance start by calling a local agent that also deals with homeowners insurance . Most carriers that handle homeowners insurance also provide renters . Renters insurance is typically very inexpensive for the amount of coverage that is provided . Find a local that you are comfortable with they will be your go to person when you have questions .


Input: At What Age Does Term Life Insurance End?

Output: It 's going to depend on the policy . Most term life plans can run out to age 90 or 95 . There is no set rule . Others may end at age 70 or 80 . When purchasing a term policy that is a great question to ask . Another would be is the Term policy `` convertable '' . Term policy conversion option is when you can change your term policy into another type of plan offered by the insurer . This is done without medical underwriting , in other words the class you were in your term policy can be the class you get in the conversion . This is a very overlooked aspect of term policies . Conversion is a way to keep a term policy from ending a person 's coverage.before they 're ready to have it end .


Input: At What Age Does Term Life Insurance End?

Output: What Larry said . Adding the question is probably really asking `` when '' does the rate guarantee change ? While a term policy may run to age 100 that is of little value . It would not be out of the norm for a 20 year term . at the end of it 's guarantee period , to have a premium increase from say $ 60 . a month to $ 600 . a month and go up every year after that . By the time it reached it 's end date it could easily be thousands a month . So the bigger question is `` when '' do the rates go up and by how much . Also what are your options if you are no longer in the same good health . BTW , if what you have is an ROP Term plan you will have additional options like getting your 20 years worth of premiums back or better yet , a smaller paid up policy . Is replacing it a good idea ? Maybe , but maybe not . Not all term is created equally . The agent that sold the policy should have been reviewing this with you throughout the years .


Input: At What Age Does Term Life Insurance End?

Output: Term life insurance ends at the end of the term . E.g. . If you take out a 10 year term life insurance policy , the policy will end at the end of the 10th year . Otherwise , the premium will jump to a much higher price at that time , and go up each year after that .


Input: At What Age Does Term Life Insurance End?

Output: You determine that when you buy it . Purchasing life insurance should never be taken lightly . If you need it for 25-years ... do n't buy a 20-year policy . You will be told that it is renewable up to age 100 but it would be so expensive that you will never do that . When you plan your insurance you should cover the needs you have for as long as you are going to have them . After you retire , your replacement of income needs goes way down . Some insurance needs never go away . Like the insurance you keep for burial expenses or to leave to the family for final expenses . THey will need this money quickly and ca n't wait on estate settlement so it 's best handled with a small whole-life policy . With your 20-year term policy , just always think of it as 20-years of protection and then walk away from it . It convert it if you bought a good one and need further coverage .


Input: What Are Life Insurance Policy Dividends?

Output: By IRS definition Life Insurance Dividends are considered a return of `` unused premium '' and not subject to income tax as they have already been taxed going in as premium . Mutual companies pay dividends to policyholders as they have no stockholders as owners of the company . The permanent policyholders -LRB- not term , not universal life policyholders -RRB- are considered the owners of the company and dividends are applied to their whole life policies . A dividend for a mutual life insurance company is a combination of investment return , positive mortality experience -LRB- fewer deaths than expected -RRB- and operating expense savings and what is held as surplus by the company . Money beyond what the company needs or projects is returned to whole life policyholders in that form of a dividend . The surplus is what protects the company if for some reason they goof . Most mutual companies have been paying dividends consistently for more than a century .


Input: What Are Life Insurance Policy Dividends?

Output: There are three different types of companies that sell life insurance . Stock companies , which pay profits to stockholder aft expenses , fraternal 's that have a common membership and profits are used to provide extra benefits for the members , and mutual companies that pay excess profits back to the policy holder in the form of dividends . Dividends then are the excess profit a mutual company pays . You will have three options with a company that pays dividends : You can leave them to accumulate interest , but you may have to pay tax on the interest , you can allow them to buy additional paid up insurance , this is the one I usually recommend . This helps increase your death benefit thus allowing for inflation . The third option is using them to reduce premium , thus in some case depending on the dividends paid the dividends will eventually be making your premium payments for you . Dividends are not guaranteed .


Input: Does Home Insurance Cover Pool Damage?

Output: Damage to a pool is covered as long as it is not an excluded loss such as `` wear and tear '' , `` ground movement '' or a maintenance issue . Most home insurance policies cover all losses except what is excluded in the policy and a pool would be covered the same as your house .


Input: Does Life Insurance Require A Medical Exam?

Output: Most Life Insurance Coverage companies need you to possess a small exam like a requirement of coverage . This exam usually includes taking your height/weight , bloodstream sample , and urine sample along with a couple of background health questions . Following the exam is finished ; the liquids are delivered to a lab after which information is submitted towards the carriers underwriting department for consideration . Insurance providers are going to do this to obtain a general picture of methods healthy youre and what type of lifestyle you reside . Individuals also can do No Exam Life Insurance Coverage because of convenience or simply because they have n't seen a physician inside a couple of years . To be eligible for a No Exam coverage , you generally have to answer 7-10 health questions . No exam life insurance coverage has become extremely popular nowadays . Life insurance coverage is one thing that the majority people know they ought to have-but do n't . Simply mentioned-people never like taking into consideration the possibility that belongs to them dying . However , lots of people can forgo this miserable thought due to their fascination with their loved ones and also the need to make certain theyre financially secure in case of some tragic event .


Input: Does Life Insurance Require A Medical Exam?

Output: Not all life insurance requires an examination , but usually the plans that do n't require an exam cost more to the insured . It becomes a question of providing a blood and urine sample vs. paying more over the life of the policy . To get the best price for coverage usually you want to provide information on your medical history and your current health . Almost every company checks your medical history as you give them permission to do so when you sign the application . Those that look at your current health via blood and urine testing are just going a bit further . By going further they can offer very competitive rates and a healthy person can save money .


Input: Does Life Insurance Require A Medical Exam?

Output: Some life insurance policies do require an exam and some do n't . Policies with very small face amounts -LRB- under $ 50,000 -RRB- usually do not require an exam . People with serious health problems often take no exam policies because their exam results and medical records disqualify them from medically underwritten policies . Many people prefer no exam policies because they hate needles , or do not want to take the time to do the exam . For those in the Standard health rating range , the cost of a nonmed policy is often very competitive with a policy that requires an exam .


Input: What Are Some Reasons Why We Need Life Insurance?

Output: Some reasons that you need life insurance may be sitting around your dinner table at night . Some reasons have grown up and moved out of your home , but they worry about would happen to Mom if Dad died . Other reasons are life insurance 's tax friendly nature , how it avoids probate , that it arrives fairly quickly at a time when money is desperately needed , can protect key employees , can be used to transfer an estate , or continue a business , or leave more money than you thought was possible to your favorite charity . But whether sentimental or practical , life insurance boils down to people . People are the reason other people buy life insurance .


Input: What Are Some Reasons Why We Need Life Insurance?

Output: There are quite a few key reasons people need life insurance . To provide financial security to the people you love most To replace your income To cover a mortgage or other debt To provide funds to raise your children To fund a buy sell agreement To pay estate taxes To pay funeral costs and final expenses To guarantee children will have funds to go to college To secure a business loan


Input: How To Cancel HSBC Life Insurance?

Output: If your HSBC Life Insurance policy is Term insurance , you can cancel it by simply stopping making payments . After a one month grace period , the policy will lapse . If you have permanent life insurance with HSBC you will want to talk to a professional about your options for your policy . You can call the customer service number provided on your statement or policy to talk about the best way of doing this .


Input: Does State Farm Offer Whole Life Insurance?

Output: State Farm offers life insurance , both term and permanent through their captive agents along with property and casualty insurance . However , unlike the latter types of coverage , life insurance can not be discounted as part of other coverage such as homeowners and auto . They life insurance prices are worth comparing against others from and independent agent , especially if the proposed insured has or has had any health issues .


Input: Who Has To Have Renters Insurance?

Output: In California there isnt a state law requiring a renters policy . Your landlord may require it as a condition to lease the property to you . Whether it is required or not , you accept a substantial risk when you lease property . If someone is injured on your rental property you can face a lawsuit that would bankrupt you . If there is a fire or other disaster , your personal property could go up in smoke and there wouldnt be anyone to replace it . The risk is great , the premium is little .


Input: Is Medicare Income Based?

Output: The amount a qualified individual pays for Medicare is income based . Part A is most frequently a premium free benefit . Most applicants pay the same rate regardless of income . Part B premiums are scaled based upon annual income , starting at $ 149 per month . Part D -LRB- prescription drugs -RRB- requires earners with higher incomes to pay a higher fee which goes directly to the general Medicare fund .


Input: Is Medicare Income Based?

Output: That is a great question ! Medicare was set up originally to provide all seniors with affordable health care , so the Medicare partB benefit is typically free . The additional parts though , parts A and the prescription benefit part D do have a sliding scale of cost based upon your income level . Part B will set you back a minimum of $ 149 a month . Please get with a professional , and have them help you set up a plan that works for you . Thanks for asking !


Input: Does Car Insurance Help Credit Score?

Output: To the best of my knowledge insurance carriers do not report information about client payment history 's directly to the credit agencies . So , the short answer would be , no I do not believe that having auto insurance coverage will help your credit score ; but it sure would n't hurt it either . Having auto coverage and maintaining your coverage will show moral and financial responsibility .


Input: Who Offers Medicare Part D?

Output: A number of private health insurance companies offer Medicare Part D . There are some websites on the internet that will allow you to put in your state and see what plans are available . Here is one of those websites . WEBSITELINK This is a helpful tool to see who offers Medicare Part D in your area .


Input: How Can I Buy Life Insurance For My Parents?

Output: That is a great question ! It speaks well of you , that you are concerned enough for them to be willing to buy their policies for them . The first step is to make sure that they are willing to allow you to do it . If they do not willingly sign the applications , and understand what they are signing , the policies wo n't be issued , or there will be serious issues when you go to file the claims . If they are good with it , find an agent that can help you find a policy that best suits their health , age and financial needs , and your budget . Good luck , and if you would like help , feel free to contact me . Thanks for asking !


Input: How Can I Buy Life Insurance For My Parents?

Output: To buy life insurance for your parents , I suggest that you first sit down with them and discuss the prospect of buying life insurance . You may need to speak from your heart , explaining that you worry how you are going to be able to give them the send off they deserve when their lives end . Keep in mind that they may be embarrassed if they can not afford to buy life insurance for themselves . Or they just may find it too painful to think about . With a loving approach and clarification about who is paying for the policy , this conversation will pave the way for a smooth purchase . When you are ready to shop , be sure to get the list of medications your parents take , their health history , height and weight , and other relevant information . Then you can call websites that offer Senior Life Insurance . Most people who are buying life insurance for their parents get a policy that does not require an exam . For final expenses such as funeral , you will want a permanent policy that is sure to be in effect when your parents pass away . You also want to get one where the price is locked in , so that it does not become unaffordable as they age . Applying will require that they sign the app , and they may need to do a phone interview . Most people choose to have the premium drafted when approved , so that the policy goes into effect within a very short time . It is a good thing you are doing . Best wishes !


Input: How Can I Buy Life Insurance For My Parents?

Output: You can buy life insurance for parents , but only with their permission . You need an insurable interest , but as your parents , you very likely have one . Some financial connection is sufficient . They will need a medical exam , except for low coverage guaranteed policies . If they pass , they can obtain the coverage , with you as beneficiary , or anyone else . Thank you . GARY LANE .


Input: How Can I Buy Life Insurance For My Parents?

Output: Yes . You can buy life insurance on your parents when several factors are met : 1 -RRB- They agree to allow you to take out a life insurance policy on their lives . 2 -RRB- There is an insurable interest for the coverage -LRB- buying coverage on a family member is a common purchasing scenario -RRB- . 3 -RRB- The policy being applied for is suitable to the need - there are limits to how much coverage can be taken out a person -LRB- generally 20-30x income - exact maximum coverage allowance varies by carrier -RRB- . After discussing the prospect of buying the insurance with your parents , you will want to talk to an experienced life insurance broker who can go through everything with you , evaluate how much coverage is appropriate for what you 're trying to accomplish , review the medical histories of them -LRB- this is critical especially with older individuals because it affects the risk classification they qualify for -RRB- , provide the proper and most accurate quotes for the coverage , and get the coverage placed in force . I hope the input is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: What Does Home Insurance Usually Cost?

Output: In order to obtain a home insurance quote , you will need to contact a provider and answer questions for the carrier to assess the risk and thus quote the risk based on your specific factors . A few of the risk factors that assess the premium are : the geographic area of the home to be insured , the home 's characteristics -LRB- size & year built -RRB- , the type of roof , type of plumbing , recent updates , prior claims , amount of Personal Liability insurance requested , deductible requested and any additional endorsements that you would like to add -LRB- i.e. jewelry , personal injury , extended liability to other dwelling etc. . . -RRB- . The price of home insurance differs in each and every zip code in the country based on actuarial figures ; also all insurance carriers have a different method of assessing risk thus producing a different premium for the same policy .


Input: How Do Enhanced Annuities Work?

Output: Enhanced annuities are generally immediate , lifetime income annuities that pay more in the payout period due to the health factors of the annuitant -LRB- person upon whose life annuity payments are based -RRB- . Lifetime annuities pay out until the annuitant dies -LRB- plus any guarantees built into the contract -RRB- . Annuity payments are based on actuarial tables . If the person receiving the payments lives longer than expected , it is to their advantage . Enhanced annuities or Impaired annuities pay extra because the annuitant has a shorter life expectancy . This can be due to health conditions or health habits such as smoking .


Input: What Is Renters Insurance For?

Output: A renters policy , like all other insurance policies , is designed to protect you from an unacceptable risk . The renters policy has two basic sections . The first section will cover damages to your personal property . That is not included in the landlords policy and is your responsibility . The second section covers you should you be sued for personal injury or physical damages . The cost of a lawsuit could easily bankrupt you .


Input: What Is The Insurance Value Of A Totaled Car?

Output: If you are in an automobile accident and the cost to repair your vehicle meets or exceeds a certain percentage of the vehicle 's value , your insurance carrier will declare the vehicle a total loss . When an insurance carrier declares a vehicle a total loss , your carrier is supposed to pay the insured what the vehicle was worth at the time of the accident , less any applicable deductibles . An insurance carrier will utilize one or more sources when trying to determine the value of a totaled vehicle . State insurance regulations mandate how an insurance company settles total loss claims .


Input: Does Life Insurance Require A Credit Check?

Output: That is a great question ! In the vast majority of cases , life insurance companies will not check your credit rating . In many cases your agreements section of your policy may give them the right to check , and if the value of the policy is high enough they might , but that 's pretty much the only times that I know of . Most often , it 's your medical history , your prescription history , and occasionally your driving record that they will check . Thanks for asking !


Input: Does Life Insurance Require A Credit Check?

Output: It may . Most companies get your authorization to secure a credit report when you apply for coverage -LRB- read that last page , lots of stuff in there -RRB- as an option they can use when underwriting a policy . The depth of how far they go may depend on how big a face amount you 're applying for . The bigger the face amount , the more information required .


Input: Does Life Insurance Require A Credit Check?

Output: Life insurance underwriters do not bother to check credit on smaller policies , but they may check credit on policies with a large face amount or large premiums . If the credit score is extremely bad , the policy may be postponed until some attempts have made to improve one 's credit score .


Input: Does Life Insurance Require A Credit Check?

Output: Not all life insurance companies require a credit check , but it is a present trend in the industry . Youre ability to pay bills on time may reflect your ability to pay premiums on time . Some products , like guaranteed universal life may be time sensitive with scheduled premium events . Its important to know youre the companys procedures if your credit score is questionable .


Input: Is Life Insurance Exempt From Creditors In Mississippi?

Output: Generally , the death benefit of life insurance in Mississippi is exempt from creditors as long as it it not left to the estate . If the beneficiary is the estate , or if there are no living beneficiaries on the policy -LRB- causing the death benefit to go to the estate -RRB- , the life insurance proceeds will go through probate and creditors will not be exempt from going after those funds . Contact a lawyer about possible exceptions .


Input: Is The TSP A Good Retirement Plan?

Output: The Thrift Savings Plan -LRB- TSP -RRB- is a qualified defined contribution plan for U.S. civil service employees and uniformed service members . The Thrift Savings Plan is part of the Federal Employees Retirement System is similar to 401 -LRB- k -RRB- and Roth 401k . There are millions of participants in TSPs , so the plan is apparently adequate for those participating .


Input: Can You Take Money Out Of Your Retirement Plan?

Output: Most qualified retirement plans allow plan participants to borrow money from their accounts.The plan generally charges interest and a scheduled loan pay back arrangement . Outstanding loans can hinder transfers to another plan or trigger an ordinary income taxable event at termination . Tapping qualified retirement plans should be last on your list of financial resources in times of need .


Input: Can You Take Money Out Of Your Retirement Plan?

Output: Retirement plans are governed by legislation and withdrawals where permitted have tax consequences . In Canada , you can withdraw from your Registered Retirement Savings Plans -LRB- RRSPs -RRB- . The amount withdrawn is added to your income . There is a withholding tax of 10 % for amounts up to $ 5,000 , 20 % for $ 5001 to $ 15,000 and 30 % over $ 15,000 . Pension plans are more restrictive and you can not withdraw lump sums from the plan while you are with the company . Even when you leave there are restrictions on withdrawal other than as an income or transfer to a `` locked-in '' Registered Retirement Savings Plans . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community .


Input: What Is The Best And Most Affordable Life Insurance?

Output: For most budget conscience consumers , 30 year term life insurance with a conversion provision is the best bang for the buck on affordable life insurance . I choose 30 years because many consumers have mortgagees that last that long . I recommend term insurance with conversion provisions to maintain the option to convert to permanent life insurance if its deemed necessary . Make sure the permanent policies are worth converting to before you purchase term life insurance . Remember , the key issue is affordability . Guaranteed term life insurance can be purchased for guaranteed periods starting at 5 to 30 years . Guaranteed term life insurance with convertibility is more than likely the best option for most .


Input: What Is The Best And Most Affordable Life Insurance?

Output: The best and most affordable life insurance is what is best and most affordable for your unique situation . For a couple in their 30 's purchasing a home , Term life insurance may be best and most affordable . It can be inexpensive for a large amount of coverage , and the need will theoretically end when the mortgage ends , so you can tailor the term to fit the years of the mortgage . Choosing a convertible policy will ensure that life insurance is available even if a serious health problem arises . For a healthy woman in her 60 's looking for final expense insurance , taking Term coverage would not be a good idea . If the term ends before she passes , there may well be no affordable way to extend or replace that policy . It would be far better to lock in a permanent rate while she is healthy .


Input: What Is The Best And Most Affordable Life Insurance?

Output: What is the best and most affordable life insurance ? The best and most affordable is going to depend on your need . Situations have different answers depending on the need . Coverage for a short period of time say 20 years or less ? Pretty much always term for premium cost . However , if you are seeking your money back with a reasonable return , universal life may the the answer . You can see there are variables withing variables depending on your needs . For long periods of time , greater than 20 years or lifetime , permanent is usually the best answer . While expensive upfront , the cost is locked in and does n't increase over time and usually provides a return that builds cash values . Simple rule of thumb is term is the cheapest to start with , the most expensive to finish with . Whole life is the most expensive to start with , but the cheapest in the long run .


Input: What Is The Best And Most Affordable Life Insurance?

Output: There is no correct answer for that question . It depends on your circumstances . Rates are determined by age and health , type and amount of coverage applied for . A person with excellent health age 30 applying for $ 100,000 coverage may get an excellaent rate from a company , but a person 55 in excellent health may get a better rate thru another company . The best thing is to sit down with an experienced agent who represents many companies and have him help you find the best and most affordable company for YOU !


Input: Does Health Insurance Cover Naturopathic Doctors?

Output: Unfortunately in most cases the answer is no . Naturopathy is not general accepted because it is considered to be an alternative health practice not generally sanctioned by the AMA . Since health care in the US and most of the world has been taken over by the drug companies , any type of practice that utilizes and promotes natural methods over drugs is not considered accepted medical practice regardless of its effectiveness . To me this is unfortunate because it could save millions in health care costs .


Input: Does AARP Cover Cialis For An Enlarged Prostate?

Output: Please note , AARP is not an insurance company - they are a marketing organization that attaches their name to insurance products that are offered by carriers . If your AARP prescription coverage is under a Medicare type plan -LRB- Part D prescription drug plan or Medicare Advantage prescription drug plan -RRB- , then your insurance coverage would be through United Healthcare . If your AARP prescription coverage is under a individual health plan for persons under 65 , then your insurance coverage would be through Aetna . It 's fairly simple to find out if your specific health plan will cover Cialis - you can do so by either 1 -RRB- contacting your insurance provider and asking them if it should be covered under your plan -LRB- the contact number is generally on the back of your insurance plan ID card -RRB- , 2 -RRB- reviewing the list of drugs covered by a plan -LRB- its formulary -RRB- by checking on your online profile through the carrier 's website -LRB- if you have one -RRB- or in your policy , or by contacting your insurance agent who sold you the policy . I hope the information is helpful - please feel free to contact me for help with any other insurance questions . Thanks very much .


Input: Does Medicare Cover Euflexxa Injections?

Output: Medicare does cover many medications administered by injection . Some drugs , such as Zostavax , are covered under Medicare Part D. Others are a Medicare Part B claim . In the case of Euflexxa , if your doctor properly codes the claim , Medicare Part B should pay for the drug and administration of the medication .


Input: Is Hazard Insurance The Same As Home Insurance?

Output: When used in the context of a discussion of Home Insurance , yes it is . `` Hazard Insurance '' is a common term used to refer to Homeowners ' Insurance becauseit speaks to the broad `` hazards '' that such a policy insures against . Hazards such as wind , fire , lightning , wind driven rain , smoke , etc are common . Be sure to talk with your insurance professional to understand all of the coverage , limitations and options that your policy provides .


Input: Why Take Out Life Insurance?

Output: Great question ! Life insurance is a way to ensure that you can have funds available to cover your funeral expenses , to provide an income for loved ones , or to leave an inheritance to those you love . In some cases , it can also be a way to provide cash for later in life , or for emergencies . If you would like help finding one , or answering more questions , please contact me , I 'm happy to help . Thanks for asking !


Input: Why Take Out Life Insurance?

Output: Life Insurance provides a tax-free death benefit to your heirs , company -LRB- and/or business partner -RRB- or estate to give some ideas . Life Insurance provides financial security to families who lost a parent or spouse , provides funding for college education for the children who otherwise would never have a chance to go . Life Insurance is about providing that peace of mind that yours truly will be taken care of when you are not here due to a premature death or even a planned one .


Input: What Is Best Long Term Care Insurance?

Output: While there several long term care insurance companies worth reviewing for their premium costs and policy definitions , there are only six brokerage players : Genworth , John Hancock , LifeSecure , Mutual of Omaha , MedAmerica and Transamerica . Niche Companies include : Equitable -LRB- STC -RRB- , Aetna -LRB- STC -RRB- , Lincoln -LRB- Linked Benefit -RRB- . There are other long term care insurance companies , but these represent the players . Product suitability is an important item in matching your long term care needs with the right benefits . That being said my overall pick is Genworth .


Input: What Is Health Insurance Exchanges In The Affordable Care Act?

Output: The health insurance marketplaces -LRB- exchanges as they were originally referred to -RRB- are a creation of the Affordable Care Act -LRB- ObamaCare -RRB- and the first exchange based plans were effective on January 1 , 2014 . The marketplaces are set up under either direct state supervision or are managed by the Federal government is the vast majority of states . Their purpose is to provide a web site based means for people to comparison shop between health insurance plan options , determine if they qualify for any premium subsidies and/or cost sharing reductions , and enroll in a health insurance plan . The stated objective of the health insurance marketplaces was to get more people covered under health insurance , enhance competition and to lower health insurance costs while improving overall coverage levels . While we have seen some reduction in the numbers of uninsured Americans we have also seen a shift in coverage from middle class to lower income Americans . It is debatable as to whether the competitive landscape has changed significantly and the general perception is that most people 's benefit levels have decreased while their net costs have increased . The main reason a consumer would want to make use of the government health insurance marketplace would be if they are in the income range -LRB- 100 % to 400 % of the Federal Poverty Level -RRB- where they would qualify for subsidies of their health insurance premiums . A person can only receive premium subsidies for approved health insurance plans purchased through the marketplace in your state . Even in this case , you should seek out the guidance of an experienced health insurance agent to explain the products you are considering purchasing .


Input: What Is Health Insurance Exchanges In The Affordable Care Act?

Output: That is a great question ! The exchanges offered in the Affordable Care Act -LRB- Obamacare -RRB- are essentially marketplaces where you can compare several companies , and the plans that they offer . One of the best things about the exchanges are that the Federal one , www.healthcare.gov and the States that offered them allow for the folks who purchase from them to have the opportunity to have the prices rebated if they fall under certain income levels . Cheap , affordable coverage is a great thing . But look fast , as our new Congress is already talking about removing the benefits of the act , and the Supreme Court in it 's wisdom will probably help . This may well be the last year that many Americans can afford coverage for a while . Thanks for asking !


Input: When Do You Pay A Deductible On Auto Insurance?

Output: You will pay a deductible on car insurance if you file a `` physical damage '' claim on your policy . Physical Damage is separated into two areas : Collision and `` Other than Collision '' or Comprehensive . Both deal with damage to YOUR car as a result of a covered loss . There are a few situations where you will not pay a deductible . If you have Full Glass protection and your window glass needs to be replaced or repaired because , say a rock hits it . Then because you have full glass , you will not pay a deductible . Likewise , if you have towing or `` Roadside Assistance '' you will not be responsible for a deductible . Some companies offer `` Vanishing Deductible `` and `` Advance Deductible '' , both of which are fantastic features . Call your Insurance Professional to ask what your poliy covers BEFORE you need it .


Input: When Do You Pay A Deductible On Auto Insurance?

Output: When you have a claim you will pay your deductible . Usually this is figured in the repair cost . If the cost of repair is $ 1500 and you have a $ 500 deductible you will be billed by the repair shop the $ 500 and you insurance would pay the balance .


Input: How To Find If Someone Has Life Insurance?

Output: Are you looking to see if a close relative had insurance before they passed ? You will find that because of the HIPPA and Patriot Act privacy rules will not allow agents or companies to pass out much information , without that person 's permission . If you contact me through my link , I may be able to provide you with more help , depending on what your reason for seeking this information .


Input: How Much Should I Estimate For Homeowners Insurance?

Output: If you are purchasing a home , your realtor should be able to give you a rough estimate of the cost of a homeowners policy . The premium for a homeowners policy varies widely because each home is unique as is each home owner . Your trusted insurance agent can compute a quote in less than an hour . If you dont have a trusted insurance agent get recommendations from your friends , neighbors and colleagues . Make sure that the agent listens to you , offers sound advice and delivers on promises .


Input: Why Don't People Buy Long Term Care Insurance?

Output: Because it 's not going to happen to them and it 's expensive . But the truth is the cost of the coverage is not nearly as expensive as the average cost of care and there is a pretty darned good chance they WILL need care . Roughly 70 % of people over 65 will need long term care services in their lifetime , 40 % of people currently receiving long term care services are aged 10-64 ! Average home health care expenses in Illinois average over $ 45,000 while a semi-private room averages around $ 70,000 , FAR more than the cost of the coverage to pay for it .


Input: What Is Medical Expense Coverage In Auto Insurance?

Output: Medical Expense , sometimes also called Personal Injury Protection -LRB- PIP -RRB- provides coverage for you and your resident family members should you be injured in an incident while in a car or caused by one . In some states , this coverage is a requirement , while in others it is voluntary . If you have it , and if injured , then the claim must be opened with your auto carrier for handling first . Any excess may then be claimed under your Health Insurance policy .


Input: Does Diabetes Affect Life Insurance?

Output: Diabetes does affect life insurance rates , but how much diabetes affects life insurance depends on the level of diabetic control . More than whether you are type 1 or type 2 , whether you use oral med or use insulin , whether you were diagnosed at age 10 or diagnosed at age 50 , your A1C number matters . If it is over 10 , the amount of life insurance you can get will be limited and the price will be very high . If under 8 , a person with diabetes can get affordable rates , even though higher than someone who has no health issues whatsoever .


Input: Is A Life Insurance Plan An Erisa Plan?

Output: Life insurance is not an ERISA plan . However , life insurance purchased in a pension plan has ERISA implications . ERISA is a federal law which dates back to 1974 that sets minimum standards for retirement plans in the private sector . The protections provided to plan participants are extensive . To the extent that retirement plans utilize life insurance and related products as plan assets , the standards and protections can indirectly apply to such products . For example , there are specific rules for qualified retirement plans which place limits on life insurance as a plan asset .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: What does a ten year level premium life insurance policy mean ? It means that for the first10 years -LRB- or 15,20,25 or 30 years -RRB- the premium charged will remain the same guaranteed for the amount of time stated . After that , most level term policies can be continued out to age 90 or 95 depending on the company . The premium after the level period howver , becomes annual increasing premium term .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: A 10 year life level term life insurance policy gives the individual 10 years of protection with the premium remaining the same for those years . At the end of the period if you feel you still need coverage then it can be renewed for another 10 years with either the same face amount or a lesser face amount . The premium , of course would be higher for the second 10 years . Most of the term insurance that I write is for 20 to 30 years , the average being 20 years . But , if it is a budgetary issue then I will write a 10 year or a 15 year at the needed face amount in lieu of cutting the face amount .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: A 10-year term life insurance policy is a level benefit term life insurance policy that states that the premiums will remain fixed and guaranteed for 10 years . Term life insurance guarantees the premiums will remain fixed for a specific number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- . After the initial period of premium guarantee expires -LRB- the term period -RRB- , the policy will be annually renewable and premiums will increase each year -LRB- based on age -RRB- . 10-year term policies seem like a great deal because they typically offer the lowest possible premiums for a given amount of coverage . One of the main reasons to buy longer is to protect your insurability and pay a small amount for a longer time instead of securing a new policy when you 're 10 years older and your health has changed . Creating a combination of benefits can often be a great idea -LRB- e.g. having part term and part permanent coverage or having part 10 year term , part 20 year term , etc. -RRB- Please let me know if I can be of further assistance . Thanks very much .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: 10 year level term life insurance is life insurance that charges the same premium , and pays the same death benefit , for 10 years . The insurance company levels out the premium by averaging the cost of insurance over the 10 years . The advantage is that , even if you develop a health condition , you are still paying the rates for whatever health you had when you took out the policy . That is also the advantage of taking out longer terms .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: Term life insurance is a specific product for a specific need . Unlike various forms of permanent life insurance , term is designed to expire before you do . Term life insurance may be perfect for needs with a defined time limit . You can use it to cover debts such as a mortgage that is to be paid off in a specified number of years such as 15 or 30 years . Term life insurance could be used to satisfy a divorce decree where child support or even alimony -LRB- with a time limit -RRB- is required . Some business obligations are also situations where a term life insurance policy might be a good idea . But if you have a permanent need , such as for estate planning purposes -LRB- including estate liquidity -RRB- , term life insurance may not be your best choice .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: 10 year level term life insurance is simply a life insurance policy which provides coverage for 10 years . After 10 years the guarantee goes away and the premium WILL go up . I always like to ask why are you interested in 10 years unless you are in your 60 's . Most people will look at 20 years of lever term coverage .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: A ten year term policy provides a level death benefit in exchange for a level premium for ten years . Some of these policies are renewable but at a considerably higher premium . Few of these policies result in a death claim , most expire and disappear . They provide appropriate coverage when the obligation they are designed to meet lasts ten years .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: This is term , or temporary insurance . It keeps the same premium -LRB- thus Level -RRB- for a specified number of years . In this case for ten years the premium will stay the same . After that period , most companies will let you keep the policy , but the premium will escalate . Sometimes very rapidly . The only way to keep the premium the same longer is for a longer term then ten years , ie 20 or 30 year level term , or to get permanent , whole or universal life insurance . Thank you . GARY LANE .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: Pure Term Life insurance has premiums that increase every year as you get older . Most people do n't like a premium that goes up every year so they decide how long they need the insurance and level out the premiums by buying level premium term . When you do this you are paying extra in the earlier years in order to level out the premium in the later years of your level premium period . That is why 1-year term is much cheaper than 20-year term . When you buy term life insurance , you should determine how long you want the premium to be level and buy it for that length . For instance if your mortgage is paid off in 18-more years , you should buy a 20-year level term policy if the mortgage payoff is the reason for the insurance .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: This refers to a term life insurance policy and the time period that the policy at the quoted rates would remain in effect . As its name implies , term life insurance , runs for a stated period of time -LRB- usually 10 , 20 or 30 year terms -RRB- . If at the end of that time period the policy holder has not died then the policy ends and the insurance carrier keeps all premiums paid during the life of the policy . A 10-Year Term Life policy means a policy that will cover the policyholder for a period of 10-years at the rates quoted or subject to whatever rate terms as associated with the policy . For example , a person might purchasea $ 50,000 10-year Term Life Insurance policy which would mean that if the policyholder kept their policy paid up and died during that 10-year coverage period the life insurance company would pay $ 50,000 to the person 's beneficiary . Term life insurance is the least expensive form of life insurance and builds up no cash value as opposed to permanent life insurance which is more expensive . Many people use a combination of term and permanent life insurance to protect them and their families for the financial risk of the death of the policyholder at different stages in their life . For example , a man in his 40 's with a mortgage and children getting ready for college may have need for more life insurance than he will when he is 65 , retired and an empty nester . Proper structuring of a life insurance portfolio over the course of a person 's life can help achieve this goal most cost effectively .


Input: What Does 10 Year Level Term Life Insurance Mean?

Output: As the name suggest 10 year level term is a policy that provides level coverage for a level premium for 10 years . In many cases it renewable at a higher premium for a further 10 years . This type of policy usually expires at a given age for example 85 . In many cases the policy is convertible to a level premium permanent insurance policy . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Is A Modified Endowment Contract?

Output: Life insurance was given tax favored status because it is was established for death protection . However , people started putting ever larger amounts of money into insurance policies due to the tax free growth and loans , for investment purposes . In 1988 , Congress put a limit on how much cash can accumulate in a policy within a certain period of time and still avoid income tax . When the policy goes over that limit , it is called a Modified Endowment Contract -LRB- MEC -RRB- and no longer gives the policyowner access to cash values tax free .


Input: Can I Get Life Insurance If I'm Overweight?

Output: Yes , most people can get some type of life insurance policy if overweight , even if you are morbidly obese -LRB- do n't you hate that label -RRB- . There are a handful of companies that will provide first day coverage -LRB- no graded period -RRB- without any weight requirement at all . Most policies that disregard weight will have a graded period , where the death benefit paid during the first couple of years would be reduced for death due to natural causes . Some simplified issue polices -LRB- no exam needed -RRB- have very liberal weight charts . These can be a good choice , especially if you have not had your blood tested for a while . There are also some fully underwritten policies that have much more lenient weight charts than others . If you are applying for a large policy , certain companies can save you thousands of dollars . Be sure to contact an impaired risk or overweight life insurance expert for your life insurance if you are significantly overweight . Not only do you need a variety of choices , you need the experience of someone who knows how to maneuver the factors involved : weight changes over the past year , health conditions that can be associated with build , etc. .


Input: Can I Get Life Insurance If I'm Overweight?

Output: Yes , you can get life insurance if you 're overweight . The height/weight profile is one of the biggest factors in the underwriting process - it 's one of the first risk measurements used by insurance companies to determine what risk class the carrier will assign and what rates to charge . The acceptable height/weight range for each risk class can vary substantially from company to company . If you are considered overweight , life insurance companies will want to know the following information to make an accurate risk assessment : 1 -RRB- What is your current height/weight ? 2 -RRB- Have you gained or lost more than 20 pounds in the past year ? Is your weight stable ? 3 -RRB- Are you a smoker or use tobacco products ? 4 -RRB- Are you being treated for high blood pressure or cholesterol ? 5 -RRB- Have you had any abnormal lab results ? 6 -RRB- Any history of cancer or heart disease in the immediate family before age 60 ? 7 -RRB- Do you have any co-morbid conditions , such as diabetes , heart disease , sleep apnea , tobacco use , etc ? Obesity is a condition which can receive favorable underwriting a few companies may also be able to offer a standard rate even when a table rating would normally apply if you purchase permanent insurance instead of term insurance through a table reduction program . Table ratings require an extra premium compared to a standard rate . An example would be a Table D / Table 4 rate would be approximately two times the standard rate . If you are overweight , you should NOT apply with multiple companies at the same time . The more companies that give you a table rating or decline coverage on a formal application , the less likely you are to get a better offer ! You need the help of and independent life insurance agent that can shop your medical profile informally -LRB- no personal information is revealed to the insurance companies , just a general medical profile -RRB- .


Input: Can I Get Life Insurance If I'm Overweight?

Output: Absolutely ! And at WEBSITELINK you can instantly compare rates of 35 leading life insurers and view actual acceptable weight tables and underwriting guidelines . This way , you can know in seconds which U.S. life company will offer the best price for your situation . Life insurers vary wildly in the way they price policies and in their weight-height charts , so it pays to shop around and deal with an experience agency when you obtain advice or go to buy . LifeQuotes.com is celebrating its 30th anniversary this year and we 've sold over 300,000 life policies by using this low-key approach . Good luck !


Input: Can I Get Life Insurance If I'm Overweight?

Output: Yes , it is possible to get insurance if you are overweight . Most companies have height/weight charts that they used to determine the `` ideal weight '' for standard insurance . If you are outside those guidelines then the company will look to rate you or possibly decline . There are guaranteed issue policies available with graded benefits in the first 2 to 3 years . In addition some companies offer short form applications . The recommended route is to work with an experience insurance broker . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can I Get Life Insurance If I'm Overweight?

Output: Yes , you can get life insurance if you 're overweight , but there are different types of policies you can apply for . Fully underwritten plans will take your body mass index -LRB- BMI -RRB- into account and may cause your rate to increase or possibly decline your application . A popular route for overweight applicants are non-medical or rapid issue life insurance plans that have lenient height and weight guidelines .


Input: Can I Get Life Insurance If I'm Overweight?

Output: You most certainly can , unless your weight not only affects your health , but is so obese that it affects your ability to get around . It will affect the rate you pay however . In the worst case , you may be limited to guaranteed issue policies . The critical factor is how is it affecting the rest of your health ? Gary Lane . Thank you .


Input: Can U Get Medicare At 62?

Output: Unless you are on Social Security disability you will have to wait until you are 65 . While it is true you can retire at age 63 and go on Social Security you would not be eligible for Medicare . With the new Health Care Reform , you may qualify for a subsidy to purchase an exchange plan depending on your income .


Input: How To File A Disability Insurance Claim?

Output: To file a disability claim , of course you must be disabled , or believe that you are disabled . You should immediately call your broker or agent to provide details and submit a claim . You can also contact the insurer directly . A claims approver or claims specialist/underwriter will review the specifics of the claim and notify you of their decision .


Input: When Does A Health Insurance Policy Become Effective?

Output: A health insurance policy can be issued with a temporary receipt for first months premium and unless the company refuses to accept the risk you were covered from the time you paid the first premium . It can also be issued where you sign a bankdraft and with the understanding the insurance company is going to draft your checking account each month the policy will become effective on the first of the month following completion of the application . In the case of Medicare Advantage the policy may have a zero premium and the agent simply sends in your application and the policy becomes effective on 1/1/2014 .


Input: Does Homeowners Insurance Cover Tree Removal After Storm?

Output: It may , at least in part , cover this . Talk to your Insurance Professional about the terms and conditions of your policy . Policies can provide for coverage so long as the tree has fallen and caused damage to real property , for example , your house or storage shed . In cases such as this , the policy would pay to remove the tree andrepair the damage to the affected property and for the cutting up and removal of the debris . This would however all be subject to your Homeowners ' deductible and the coverage provided may be limited to a specific dollar amount .


Input: Does A Single Person Without Dependents Need Life Insurance?

Output: In some ways , a single person with no dependents needs life insurance more than others , because they may want to make their estate very easy to settle upon their death . Paying funeral costs , disposing of property , and settling bills all take money up front , that life insurance can easily and quickly provide .


Input: Does A Single Person Without Dependents Need Life Insurance?

Output: There may be no financial reason to have life insurance if you have no family , business partners or charities who depend on you . If you have no current financial liabilities , future obligations and charitable intent , it is conceivable , no matter how improbable that you do need need life insurance in the traditional sense . You may , however , want to investigate the tax advantages for supplemental retirement income that life insurance can generate with it 's diverse crediting methods that may fit your sangs or investment profile .


Input: Does Car Insurance Show Up On Credit Report?

Output: It depends . . if you do not pay you insurance bill and you owe a balance and cancel your policy your insurance compay may send it to collection . That being said most insurance company have there own collection department and most of the time will not report on your credit . But its a good idea to pay your insurance on time .


Input: Does Life Insurance Gain Interest?

Output: Term life insurance does not have any cash value . The only way term insurance pays out is if the insured person dies . Then it will pay the face amount of the policy to the beneficiary . Therefore , it does not gain interest . Permanent insurance comes in variations of whole and universal life . Those policies do gain interest within the policy . However , some of this is offset by the cost of insurance , which is the cost of insuring your life . That is what separates life insurance from a savings account , and why tax benefits are given to life insurance .


Input: Does Life Insurance Gain Interest?

Output: There are two permanent cash value life inusrance policies that use interest rates in their crediting method : participating whole life and current assumption universal life.participalting whole life uses a combination of interest rate returns and the return of unused expenses to create a dividend . Current Assumption universal life use interest rate crediting for both their current and guaranteed interest rates .


Input: Does Life Insurance Gain Interest?

Output: Cash value life insurance from a mutual company , can gain interest if elected , but in doing so loses some tax advantages by choosing other options . Putting dividends in an interest bearing account with the policy creates a tax liability on the gain those monies earn . The most common way to avoid interest taxable gains on a policy is to elect paid up additions .


Input: Does Health Insurance Cover Quitting Smoking?

Output: Under the new Affordable Care Act , many smoking cessation programs and related items may be covered under your private or group health insurance plan . Although the degree of benefits may vary , there 's a good chance you can get some reimbursement . Simply check with your current carrier or if applying for a new policy through experienced brokers such as us , simply ask and we will check the insurers in your area . Full-time experienced brokers are always a great resource !


Input: Does Health Insurance Cover Quitting Smoking?

Output: If you purchase individual health insurance , you may have toask your agent to check individual policies in your area , as there is no `` mandated '' benefit for smoking cessation . When Healthcare Reform rolls around , it may be included as a preventive benefit , but that has not been defined yet .


Input: Is Renters Insurance Worth The Money?

Output: Generally speaking yes renter 's insurance is worth the money . The cost of covering your personal items with renter 's insurance is generally pretty low compared to the cost that you would incur to replace all of those items if you lost them due to an event covered by your renter 's insurance policy .


Input: Should I Get Long Term Healthcare Insurance?

Output: You should get long term healthcare insurance -LRB- normally called long term care insurance -RRB- if you have assets to protect ; if you want more choices in selecting who should provide your care for you , and where it should be provided ; and if you can afford to pay long term care premiums .


Input: Should I Get Long Term Healthcare Insurance?

Output: Yes , you should purchase long-term care insurance especially if you do not want to become a ward of the government when you need the care . Also , different policies cover different types of care . Therefore , make sure your agent is knowledgeable in this area . It boils down to paying yourself first . This will allow you , or your designee , to make your choices for you and not the government .


Input: How Quickly Can I Get Life Insurance?

Output: Small , not-so-cheap polices can be purchased on-line , or with a minimum of paperwork . The good news : no exam , no medical records review , and quick processing . The bad news : you will probably overpay . And you probably need a lot more coverage . Applications that require full underwriting can still me managed very efficiently , If your broker gets all the ducks in line , you can get coverage relatively soon ... get the full amount you need ... and pay as little as possible .


Input: How Quickly Can I Get Life Insurance?

Output: If you have certain medical conditions you will not be able to apply for a life insurance policy that will issue withina day . Also remember that there is a clause with most if not all life insurance policies that will allow the carrier to deny payment of the death benefit within the first two years the policy is in effect if it is found that any part of the policy information was fraudulant or death of the insured was self inflicted .


Input: How Quickly Can I Get Life Insurance?

Output: How quickly can you get life insurance ? Well very quick if cost is n't a factor for you . The fewer questions the higher the price and if you 're willing to pay , in many cases they 're willing to insure . Now the question that makes it hard . While you can sign up for life insurance super quick , they may not pay in the first two years if you were to die . If that 's the case , you bought fast and died just as quick , the insurance company will underwrite after the fact and quite possibly just return your premium . The best solution rather than buying fast is to buy while your healthy , then questions wo n't matter and you can pick your plan by best cost to you .


Input: How Quickly Can I Get Life Insurance?

Output: There are some life insurance policies that can be purchased as quickly as one day . When applying for very large face amounts , and/or if an exam and medical records are required , the time that it takes the policy to go into effect can be weeks or months . To get life insurance most quickly , use a No Exam Life Insurance policy and ask the usual time it takes to go into effect , as some are much more speedy than others .


Input: What Are The Rules Of A Roth IRA?

Output: There are several rules that determine your eligibility to open a Roth IRA . 1 -RRB- You must first have an income . Did you have earned income in the current tax year ? 2 -RRB- If you earned income , did your income exceed the limits set by the federal government ? This income limit changes every year and is depends on your marital status and tax filing status to determine the maximum income . You qualify for a Roth IRA based upon your Modified Adjusted Gross Income -LRB- MAGI -RRB- . 3 -RRB- You can not contribute more into a Roth IRA than you earned in income . For example , if you earned $ 5,000 for 2014 , that is your maximum contribution . 4 -RRB- The contribution limit in 2014 was $ 5,500 maximum . 5 -RRB- There is no maximum age where you are limited or prohibited from making a contribution to a Roth IRA . 6 -RRB- You are not required to take a mandatory distribution at age 70.5 like qualified IRA 's . 7 -RRB- You can contribute to a Roth IRA even if you participate in a retirement plan at work . Depending on circumstances there may be other rules but this gives you a few ideas .


Input: Does Health Insurance Cover Counseling?

Output: Health Insurance will generally cover counseling that is needed to address substance abuse or mental health issues . Although there is usually a specified limit to how many days/sessions will be covered each policy year . Counseling for other purposes such as couples counseling would not be covered by a health insurance policy .


Input: What Happens When My Life Insurance Expires?

Output: With whole life , it never expires , so long as premiums are paid , or appreciation begins to be used to pay those premiums . With term life , after a fixed number of years , the policy could end with some companies , but usually it just means the premium will escalate , sometime dramatically . To avoid this , buy a longer term policy , or buy a permanent policy . Of course , not paying the premium will end insurance . Thank you . Gary Lane .


Input: What Happens When My Life Insurance Expires?

Output: When a life insurance policy expires , the owner of the policy is no longer required to make premium deposits and the company is no longer obligated to pay a death benefit . It is a legal contract that has come to the end of its term . Often companies make provisions to try to keep life insurance policies in force but without some adjustments they can expire . One of the other professionals mentioned expiration in regards to a universal life policy . This is one of the dangers of a universal life policy that is underfunded . When the insurance costs in the policy exceed the premium the policy then begins to reduce cash value in order to pay the increased premium . This has an accelerating effect . The older you become the more rapid the increases in insurance cost . If your cash value is declining at the same time the policy will eventually run out of cash value and will expire . Most clients who experience this are caught unawares . The companies do all that they can to keep the policy owner informed but paying that reduced premium is a habit that is difficult to change .