Input: When Does Health Insurance Coverage End When You Leave A Job?

Output: This is a question you must ask of your employer or your employer 's HR department as the date of the termination of group health insurance coverage can vary depending upon the personnel policies of an employer . In today 's world the most common answer would indeed be that you will remain covered under your employer 's group plan through the end of the month . This is usually a reflection of the fact that most employees are contributing towards their health insurance coverage . However , there are still employer groups whose policy is to terminate coverage on the date that employment ends -LRB- though this is increasingly rare -RRB- . Any employee who is resigning or being terminated from their job should ask for a clear answer as to how long their coverage under the group 's existing health plan will continue . This is especially true of people who work for small businesses that do n't have a Human Resources department , personnel policies such as we are discussing here often get established as a consequence of implementing the group 's health insurance for the first time and it may be years later that your event is occurring and the original office administrator may have long since left themselves and the business owner may not recall what they said they wanted their policy to be in this regard . I have seen this scenario occur many tines .


Input: When Does Health Insurance Coverage End When You Leave A Job?

Output: Good question usally if you were on a group plan you can keep you helath insurance and be on whats called a cobra plan . You can usally keep the same plan for 24 month but remeber that price will go up since your employer will not be paying his share for that plan . Usally if you are in good health you can get an individual plan at less cost than a cobra plan . Good luck


Input: When Does Health Insurance Coverage End When You Leave A Job?

Output: A group plan will end one month after termination of employment . You 'll then have the option to go on COBRA Consolidated Omnibus Budget Reconciliation Act for up to 18 months . The upside to COBRA is you 'll have the same benefits as you 're used to having while employed and all your existing conditions will be covered . The downside is that it 's commonly very expensive . Without the employer portion you 'll be responsible for the full premium + 2 % . That has long been the case for owning individual health insurance . As long as your paying your premiums it does n't matter whom you work for . For more information on COBRA or to shop individual health plans visit www.clminsure.com or call 561-320-2978


Input: What Do Life Insurance Agents Get Paid?

Output: Life insurance agents work on commissions meaning they are only paid when they finalize the sale of a policy -LRB- including the carrier receiving any necessary outstanding requirements to place the coverage in force -RRB- . The commission is generally a percentage of the first year annual premium that an insured is charged . Some agent contracts may offer residual commissions for certain types of policies . Hope that helps .


Input: What Do Life Insurance Agents Get Paid?

Output: Great question ! If you are considering a career in insurance sales , there are a couple of things to consider . The two most important things to know are that you are only paid when you have the application approved , and the policy issued ; and that it can be very costly between the time you decide that this is your career , and when you are making enough to break even . If you are a go-getter , and are good at sales , you can make a ton of money , and helping people feel secure is very rewarding . You can also start making a profitable living very quickly . If rejection , long hours , and the lack of a steady paycheck bother you , do n't seriously consider this for your career . The fees and costs involved in your training and licensing can also be tough , if you have n't got the money to pay for them , and to develop a client base to work from . I certainly am not trying to be negative about this as a career , -LRB- I enjoy it very much -RRB- but I do believe in painting you a very clear picture -LRB- something that was not done for me - I had a very gung-ho recruiter who wanted money , and did n't particularly care about how he got it , or what happened to the people he made it off of -RRB- . I obviously overcame that , but it would have been nice to know going into it what to expect.If you would like more information , hit the `` contact me '' link , and I 'll be happy to give you more detail . Good for you , and thanks for asking !


Input: What Do Life Insurance Agents Get Paid?

Output: There are a variety of ways agents are compensated for life insurance . The key issue is that the commission rate is generally higher in the first few years and greatly reduced in subsequent years . Other forms of insurance generally compensate the agent at a relatively consistent rate , year in and year out .


Input: What Health Insurance Is Best For Pregnancy?

Output: Typically , most policies you purchase from the Health Insurance Exchange -LRB- Marketplace -RRB- are going to have specific mandated `` essential '' benefits . The major variable will be the deductible and out of pocket expense . Maternity is one of these benefits . It 's best to work with an experienced broker -LRB- and their website -RRB- so you can compare the most affordable options in your area . Check the network of providers , the track record of the insurer , along with their ratings . This information can be provided by us -LRB- experienced brokers -RRB- .


Input: What Health Insurance Is Best For Pregnancy?

Output: Also take a close look at the in-network providers for each plan . Make sure that the Ob-Gyn group and hospital you plan to use is in-network . One of eight babies are born preterm so also verify that the plan includes at least a level 1 NICU as an in network provider .


Input: Does A 60 Year Old Need Life Insurance?

Output: Most people need life insurance unless the 60 year old is completely financially free of debt , has no survivors such as a wife / husband , and does n't want to leave anything behind to others such as their kids . A lot of times older people may look to a smaller type of life policy which is now coined as a final expense policy . It really depends on the person and their situation though .


Input: Does A 60 Year Old Need Life Insurance?

Output: The answer to that varies as much as 60 year old 's vary . Does the 60 year old have debts or other obligations that need to be met , and few assets to meet them if they should die ? Then life insurance can be very important , because there are not a lot of years left to build up those assets . Even if the 60 year old is financially well off , they need to consider what would happen if they were to be afflicted with a serious , extended health problem . Having long term care insurance and excellent health insurance could reduce the dollar amount needed in life insurance .


Input: Does A 60 Year Old Need Life Insurance?

Output: Suprisingly , far more than you might think . This is a large portion of my practice providing insurance to the 60 plus crowd who have come to me seeking insurance for another 20-50 years . I know many bought into programs offered by the most recent -LRB- yes , they come and go over time -RRB- financial advisors on TV and radio -LRB- ever wonder why they classify themselves as entertainers ? -RRB- whose advice works if nothing goes wrong . Well , how many times does everything work just exactly right ? This is why it is hard to find all these 60 plus year olds through time who have been successful following these programs ... Things change , mortgages are n't paid off , kids and grand kids become responsibilities for grand parents , the pension plan 's best offer is all or nothing and you need life insurance to swing the deal ... So while not every 60 year old needs life insurance , the number of 60 plus people who need life insurance is far greater than those who do n't .


Input: Does A 60 Year Old Need Life Insurance?

Output: Without analyzing a persons full situation , it is near impossible to make a recommendation . Most anyone requires some sort of life insurance , even if it 's just enough to bury the deceased . The idea is to pay less for getting a larger return of cash when needed . By leveraging your dollars over a long period of time , it can help pay for final expenses . If a person needs more cash on hand for estate purposes , there is no cheaper way to pay for the benefit needed than life insurance , if in proper health .


Input: Does A 60 Year Old Need Life Insurance?

Output: The answer to the question in most cases is yes . As we get older we get closer to death , it is a fact of life . When we die , someone will have to pay our final expenses and any debts we may incur . We may wish to provide for those we love and help relieve the burden of loss . Life insurance provides that and more .


Input: Does A 60 Year Old Need Life Insurance?

Output: Does a 60 year old need life insurance ? To answer this question a person must find a 60 year old and ask do you need life insurance ? To get to that answer maybe a few others questions would be necessary to ask , such as ... Do you still have a mortgage ? are you married ? Do you have a pension and want to take the full benefit ? Does anybody in your family still depend on you ? Do you want your wife or your kids to suffer when you pass ? Did all your plans for retirement work out exactly as you 've planned ? Still a ton of questions to ask . Most of my business is based on 60 + year olds discovering they need life insurance .


Input: Does A 60 Year Old Need Life Insurance?

Output: Most 60-years olds would benefit from life insurance but some do n't . If they have no one that will suffer financially when they die , and if their funeral/cemetery/cremation is all bought and paid for , and they are leaving no debts they will do just fine without it . Same is true for any age .


Input: How To Get Renters Insurance Online?

Output: Renters Insurance Online can be purchased directly through Stillwater Insurance Group . In order to produce the lowest premium in your State , you will need to select the minimum personal property coverage sufficient to cover your personal belongings , the minimum liability coverage acceptable to you and the maximum deductible that you 're willing to handle . There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be useddirectly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: How Many Annuities Have Failed?

Output: I assume that you mean failed as in `` did not pay what it guaranteed '' . Annuities are backed by the claims paying ability of the Insurance company that issued the policy . This is why it is very important to consider the financial rating of the company you use . Since 2008 , there have only been 3 `` B '' rated insurance companies that have failed . There have been more C , D , & E rated companies that have failed , but not many . And most of the ones that did were D rated or worse . Since 2008 there have been no B + or better companies that have failed . -LRB- Actually its longer than that , but the records I currently have access to only go back that far . But I am not personally aware of any insurance companies that were A rated at time of failure -RRB- This is why most agents recommend using a B + , or better yet , an A rated company . It is also important to point out that just because an insurance company fails , does not mean the annuity fails to pay . Insurance companies are highly regulated . And the states all have a safety net type system set up to help secure the guarantees made by failing insurance companies . Visit WEBSITELINK for more info on what happens in the event of an insolvency . But it is important to remember that whatever safety net might exist . It is no substitute for a solid financial rating . There are way too many well rated companies to use a poorly rated one .


Input: Why Purchase An Immediate Annuity?

Output: That is a great question ! Generally the purpose of an immediate annuity is to provide an immediate supplement to one 's income . They are often funded by money received through a settlement , inheritance , or some other form of large windfall . A way to stretch that windfall and prevent blowing through or outliving it is to put it into the annuity , and receive it in regular payments . It is a good way to protect yourself , and the money . Thank you for asking !


Input: Why Purchase An Immediate Annuity?

Output: An immediate annuity is the option for someone who wanted to convert a lump sum into an income stream that they could not outlive . According to the annuity , withdrawals must start within 13 months and be substantially equal payments . A benefit of an immediate annuity is that it has a blanket exemption from the 10 percent early withdrawal penalty . Immediate annuities are sometimes used when the investment portion of the retirement income plan is not meeting expectations .


Input: Does State Farm Offer Medigap Insurance?

Output: Yes , State Farm does offer Medigap Insurance in most states . Some plans are not available in some states . Here is a link to an article by Consumer Reports to help you determine which type of Medigap or Medicare Supplement plan -LRB- s -RRB- to get , or if you should get a Medciare Advanatage plan . WEBSITELINK


Input: Does Medicare Part A Cover Doctors In Hospital?

Output: It depends on how you mean this question . The care you receive from doctors while an inpatient at a hospital is covered under Medicare Part A . This is considered part of the medical treatment . If you have an appointment with a doctor who has an office at the hospital , this is covered by Medicare Part B .


Input: Does Medicare Part A Cover Doctors In Hospital?

Output: Yes , the care you receive from physicians while an inpatient in a hospital is considered to be part of the care you receive in the hospital and is covered by Medicare part A . If you have an appointment/office visit with a physician it is covered by Medicare part B .


Input: How Much Does Life Insurance Pay?

Output: Life insurance pays whatever amount that you purchase . Some people take . Policy out for $ 5,000 or less just to have a small policy to cover final expenses . Other people take policies out that will pay in the millions . You do a needs analysis to determine what you need and what type of insurance to get . It will pay the full amount that you bought upon your death .


Input: How Much Does Life Insurance Pay?

Output: There are a couple answers to this depending on what type of policy was purchased . With a term policy , the payout will be the stated policy face amount , less any monies used previously for terminal illness payout . With universal life type policies it could be face amount -LRB- less any terminal illness withdrawal -RRB- or face amount , plus cash values -LRB- less any terminal illness payment -RRB- Whole life depending on the type chosen and internal workings selected can either pay face -LRB- less terminal -RRB- or face plus additional paid up additional face amount earned over the life of the policy . Death benefits will also include any interest earned between date of death and date claim is paid . With cash value policies any outstanding policy loan values will also reduce the payout .


Input: What Is Long Term Disability Insurance?

Output: Long term disability insurance is an insurance product designed to protect most people 's most valuable asset , their ability to earn a living . It could be from an injury or an illness , that you are no longer able to work at the occupation which you were educated and trained to do . There are a few components to be familiar with . The first is the benefit amount which can be limited to 50 % to 75 % of your monthly income at the time of becoming disabled . next is the elimination period . This is the time period you are medically diagnosed as disabled and the time when benefits begin to pay to you . Next is the period benefit which is the time period the benefits are paid to you . For example , benefits can be paid for 2 years . 5 years , 10 years or age 65 or 67 years old . Because there is a lot to consider I recommend using an experienced independent disability insurance broker to help guide you through this maze , so you receive the best coverage at the best price for your unique situation .


Input: What Is Long Term Disability Insurance?

Output: Long Term Disability Insurance is a morbidity product to protect your earning ability during your working career . Your number one asset is your ability to earn money to pay for the lifestyle you want . Disability insurance is paycheck protection and can generate a good portion of your income if you cant work . Most executive packages include full disability insurance coverage until age 65 . The odds are youll need it once during your working life . It can protect up to 60 % of your compensation as a tax free benefit or up to 80 % as a taxable benefit when the premium is deducted as a business expense .


Input: What Is The Difference Between A Home Warranty And Home Insurance?

Output: There is no similarity between Home Warranty and Home Insurance except the word ` Home ' ! The purpose of a Home Warranty contract is for a homeowner to enjoy a warranty for covered appliances in the home ; the warranty provides assurance that covered appliances will be repaired or replaced . There are usually options available ; for instance , an Air Conditioning Unit orSwimming Pool Equipment may be available as an additional endorsement . Home Insurance on the other hand is necessary to provide the sudden and accidental loss to the dwelling from covered perils namely Fire , Lightning , Hail , Wind etc. ... Home Insurance does not provide the warranty of home appliances from break down or normal wear and tear . For example , in the disastrous event of a house fire , the homeowners insurance will provide coverage to rebuild the home and replace appliances that were damaged in the fire . This example is simply meant to aid the understanding of the difference between a home warranty and a home insurance policy ; none of the above will supersede a consumer contract issued by an insurance carrier or home warranty company .


Input: Is Life Insurance Part Of Your Net Worth?

Output: That is a great question ! As a rule , while you are living , the benefit amount is not since the face value of the policy is not an asset that you personally will be able to use . The death benefit is an intangible asset , until you pass , and assuming that you have a named beneficiary , will not become a part of your estate , but will increase the amount of what your total net worth was . If you have a large cash value in a policy , that is counted in your net worth , and Medicaid will count that cash as an asset , so you may want to consult with your advisor if this is the reason for asking the question . Thanks for asking !


Input: Is Life Insurance Part Of Your Net Worth?

Output: The cash value of your life insurance would be part of your net worth . The death benefit of you life insurance would not be included in your net worth . It would be included as part of your estate . An independent life insurance broker , who represents several companies , can help you find the right policy at the right price . 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: How Much Does A Good Health Insurance Cost?

Output: It varies from person to person . Your age , where you live , if you use tobacco products , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . All of the plans offer good coverage . A silver or gold plan are your middle of the road type of plans because they provide strong coverage at an affordable price . I always recommend consulting with an experienced health insurance broker before you apply for anything . We can help you determine the plan that 's going to be most suitable for your needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Does A Good Health Insurance Cost?

Output: Good health insurance can sometimes cost you nothing ! That 's right . Free . Zero dollars . Thanks to the ACA -LRB- Affordable Care Act -RRB- legislation , large federal subsidies are available to all citizens of the US . Qualification is based on household income and a few other variables . If you do n't qualify , there are many low-cost options that will keep your premium low . Quality coverage with lower deductibles also does not necessarily have to be expensive if you shop the right way . LIVE answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated websites that specialize in finding quality healthcare at the lowest cost .


Input: How Long Can My Son Stay On My Health Insurance?

Output: Under the Affordable Care Act children may stay on their parents ' health insurance plan until they reach the age of 26 . At 26 they have a number of choices and options . When they reach 26 they can take COBRA if their parents plan was a group health insurance plan or they can buy individual health insurance since they have a qualifying event .


Input: Which Company Offers The Best Life Insurance?

Output: Term life insurance has very few variables , so many companies offer good Term Life policies . The main things to look for are a guaranteed level premium , a guaranteed level face amount , and conversion options . Aside from looking at the policy , you can look at the rating of the company . The policy is only as good as the company that issues it . Any rating above an A is what I feel is a secure rating for a life insurance company .


Input: Does Renters Insurance Cover Exterminators?

Output: Typically they do not . In most cases pest control is considered a maintenance issue and not covered . And renters policies are `` named peril '' policies ; you wo n't find pest occupation of the home as a named peril . However there may be coverage under the owners insurance for pest removal and/or the damage to the building caused by them . Even where the coverage is offered its scope is limited in terms of vermin and type of damage .


Input: Can I Drive My Friend's Car Without Insurance?

Output: That really depends on your friend . In many states you would be driving illegally if you do not have insurance coverage . Does your friend want to put his/her rates at risk if you are involved in an accident . If you do not have insurance coverage your friends insurance would end up paying on covered claims possibly causing there rates to increase or cause their insurance to be dropped . Be a good friend and do n't drive without insurance .


Input: Can I Drive My Friend's Car Without Insurance?

Output: Car insurance follows the car . It is the car that is insured . If you are a licensed operator you can drive the car and the coverage will remain in force . That also means that the insurance available is limited to the amount on the car . If bare legal limits are maintained you could find yourself in an accident with insufficient insurance and action could be taken against you as the operator .


Input: Can I Drive My Friend's Car Without Insurance?

Output: I am an agent in California and in California as long as the car is insured your covered . In other words you do not have to have insurance . You only need be legally licensed . The person loaning you the vehicle would carry the insurance and would also be held liable for for any accident you cause . Keep in mind , just because your friend hascoveragethis does not necessary protect you in a law suit .


Input: How Much Will Medicare Pay On An MRI?

Output: An MRI would be payable at 80 % of the Medicare Approved amount . You will be responsible for 20 % , so assuming for example that the approved cost of the MRI is $ 300 you would be responsible for $ 60 , Medicare pays the rest . Medicare Approved amounts are based on a schedule that Medicare has established . The approved amount will depend on the code the doctor uses when submitting his bill to Medicare .


Input: What Is To Blame For The Sharp Increases In Health Insurance Premiums?

Output: What is to blame for the sharp increases in health insurance ? Well is it OK to say everybody ? We all have a hand in the cost of healthcare in this country . This is going to be why it will so hard to change our system or lower it 's costs . To do so , requires everybody to do something and the problem is everybody has a solution that leaves them untouched and hammers the other guy . Just wo n't work that way .


Input: What Is To Blame For The Sharp Increases In Health Insurance Premiums?

Output: I dont believe that there is any one person or entity to blame . Insurance , like everything else -LRB- except interest rates -RRB- has been rising in costs . We can attribute these increases to a couple of factors including ; higher costs of providing healthcare , people living longer and needing additional healthcare services , % of premiums received to claims paid , higher administrative costs , etc. . The government and their policies can also influence rates as their actions can have a direct impact on what it costs an insurer to operate . In order to stay in business insurance companies must remain profitable and sometimes that means an increase in pricing .


Input: What Is To Blame For The Sharp Increases In Health Insurance Premiums?

Output: Well , there are a lot of reasons for sharp price increases . High utilization , aging population , more expensive treatments and tests , regulations , and other factors . All countries are struggling with high costs of healthcare and not just the US . Remember , 85 % of all premium paid is then returned out in claim payments . The other factor that we have seen over the years is the Medicare rub . We have seen a larger increase in cost in the commercial risk -LRB- employer pool -RRB- because of a lowering of medicare reimbursement rates . When Doctors and hospitals receive less in reimbursements on on part they need to make it up somewhere else . So , the employer pool has been supporting Medicare .


Input: What Is To Blame For The Sharp Increases In Health Insurance Premiums?

Output: I suppose you could take your pick . Some independent industry experts will point their finger at President Obama . Others will blame Congress and other government officials . They may both be right . Insurance companies are frequently a target , but in a capitalistic system , it benefits the insurers to charge the lowest rates so they can gain market share . Ourselves -LRB- consumers -RRB- may be partially to blame because of bad eating andexercisinghabits -LRB- some of us -RRB- . Yes , there are plenty of folks to blame for high health insurance premiums .


Input: How Does Renters Insurance Deductible Work?

Output: When a loss occurs you can file a claim against the renters policy . The company will investigate and settle the claim based upon the value of the property that was lost , the limit of coverage and the deductible . If there is $ 50,000 in personal property coverage and the loss is fixed at $ 30,000 you would be sent a check for $ 30,000 minus the deductible . If the deductible in the policy is $ 250 , you would receive a check for $ 29,750 .


Input: Does Life Insurance Affect SSI Benefits?

Output: It definitely can in many states . It 's not the death benefit that 's the problem , it 's the cash value . It 's counted the same as money in the bank . If you just want enough insurance to cover funeral costs you can set up an irrevocable funeral insurance policy at a funeral home . Those are exempt from counting as an asset . Some funeral homes will take assignment of your existing policy if you ask them . Or if you start a brand new policy you can make someone else -LRB- like an adult child who is not on SSI -RRB- as the owner from the begining .


Input: Does Basic Life Insurance Cover Accidental Death?

Output: Yes , Basic Life Insurance does cover accidental death , as well as death due to natural causes -LRB- i.e. illness , old age -RRB- . You sometimes have the option to put an Accidental Death rider on a basic life insurance policy . This increases the amount that would be paid to your beneficiary if you died accidentally , as opposed to dying from natural causes . Usually accidental death riders are offered in options of multiples of your basic death benefit . E.g. Your policy would pay $ 100,000 if you died of illness . But with the Accidental Death rider it would pay 2 times that amount , or $ 200,000 , if your death was due to an accident of some sort . However , without that rider , the policy would still pay $ 100,000 for death due to accident OR natural causes .


Input: Does Basic Life Insurance Cover Accidental Death?

Output: Yes , accidental death is covered the same as an illness or murder as acause of death . `` Basic life insurance '' covers all causes of death with the exception of a suicide which would not be covered for a two year elimination period on most polices . You can add an accidental death rider to most life insurance plans that would double the face amount in case of an accidental death for usually a very affordable premium depending on underwriting .


Input: Does Basic Life Insurance Cover Accidental Death?

Output: All policies cover death by accident . Accidental death and dismemberment -LRB- AD&D -RRB- policies will only cover death this way . These are very popular ` add on ' policies , to provide ` extra ' coverage in the event of an accident , but many people mistakenly think they are covered for much more than they may really be . Passing out from drinking and crashing the car resulting in death may not be covered . -LRB- Yes , there was an accident , but the circumstances that caused the crash were not one , in this example -RRB- There are sometimes limitations in whole life and term policies also . As always , I 'd advise you to ask an agent for more specific details . Press the ` contact me ' button , I 'd be glad to help with any questions you may have !


Input: Does Basic Life Insurance Cover Accidental Death?

Output: In Canada , basic life insurance covers all cause of death including accidental death . In fact life insurance even covers suicide after the policy is in force for 2 years -LRB- or 2 years after reinstatement -RRB- We used to describe accidental death insurance as shock insurance , since there is no time to prepare . Often it is challenging to determine if a death or not . For example , a driver goes off the road and hits a tree and dies , did his heart stop before hitting the tree -LRB- natural causes -RRB- or after he hit the tree -LRB- accidental death -RRB- . 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: Does Basic Life Insurance Cover Accidental Death?

Output: Every life insurance policy covers accidental death . Traditional life insurance policies provide full coverage -LRB- paying out proceeds in the event death occurs by illness or injury -RRB- . Partial coverage policies only covering accidental deaths are known as Accidental Death & Dismemberment life insurance programs . These policies typically feature much lower premiums than full coverage programs , but only pay out a death benefit if death occurs under certain conditions -LRB- e.g. dying in a car accident -RRB- . If you only have an AD&D policy and you die due to a heart attack , the policy would not pay out any proceeds because that would be considered death due to illness . Even though the premiums are less with AD&D policies , it 's worth paying the premiums for a full coverage life insurance policy because individuals are most likely to die due to illness than they will by injury .


Input: Does Basic Life Insurance Cover Accidental Death?

Output: Yes , a basic Life Insurance policy , as you call it , would cover for accidental death just as it would for death by any natural cause . There are policies that ONLY provide benefits if the insured dies as a result of an accident . Such coverage might be one 's only option if one has a medical history or works in a hazardous profession that might make them ineligible for a traditional life insurance plan . Generally these accidental death policies are less expensive and are not medically underwritten , but obviously , are much more narrow in scope .


Input: Can I Transfer My Life Insurance?

Output: Yes . You can transfer the ownership of your life insurance policy to someone else . One reason that people change ownership though is to try to keep it from counting as an asset when qualifying for Medicaid . In those cases , it only works if you transfer it 5-years or more before applying for Medicaid . You can transfer the ownership to a funeral home for a 1st day exemption from Medicaid but you do n't want to do that with a large policy because Medicaid will get any money that is not used for the funeral . You can also transfer the beneficiary from one person to another .


Input: Can I Transfer My Life Insurance?

Output: If you mean transfer the death benefit to another individual the answer is no . Life insurance is written on the individual based on their age and health . If you mean transfer ownership of a policy on your life to another individual or trust , then the answer is yes .


Input: How To Choose A Medigap Plan?

Output: Medigap plans are fairly straighforward as they have standardized benefits -LRB- e.g. meaning a medigap plan F from company ABC is the same exact plan F from company XYZ -RRB- . You can see the chart illustration of benefits in the Medigap guidebook on page 11 -LRB- free copies are available on the Medicare.gov website - I can e-mail a copy to you upon request as well -RRB- . Some of the big advantages of Medigap plans are that there are no networks -LRB- you can go to any doctor or hospital that accepts Medicare -RRB- and the policy is guaranteed renewable . Most people buying a Medigap plan will purchase a plan F or plan G as they create the most predictable healthcare expense structures . Plan F offers the most comprehensive coverage - it covers all Medigap benefits at 100 % from day 1 . The advantage of this plan is that it creates a very predictable healthcare expense structure -LRB- for the most part , you 're writing a check for your premium and you 're done - you wo n't get hit with big bills for any Medicare-approved charge -RRB- . Plan G is the second most comprehensive plan available - it 's identical to plan F except you would be responsible for the Medicare Part B deductible -LRB- $ 147 in 2014 -RRB- . The advantage of a plan G is that in many areas the savings in premium per year are greater than the cost of the deductible . For example , if the difference in premium is $ 30 per month - you 're saving $ 360 per year by taking on a risk of $ 147 . The big factor to look at when comparing companies is the price of the plan you select . Remember - a plan F from one company is the same exact plan F from another -LRB- in short , why pay extra for the same coverage -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much .


Input: How To Choose A Medigap Plan?

Output: The easiest way is to contact an independent insurance agent that specializes in Medigap plans . They will be a great resource for showing you your options and cutting through the confusion . A good agent will be able to present you quotes from all the major carriers and walk you through what each plan covers . It 's the difference between spending a 1/2 hour on it vs weeks of trying to do it on your own . You can also visit our website for a lot of information . Questions to ask yourself : 1 . Do you want to be able to go to any doctor or hospital ? 2 . How much out of pocket expense are you comfortable with ? 3 . Do you want a plan that covers most of the out of pocket expenses -LRB- i.e. deductibles , co-insurance , co-pays -RRB- ?


Input: How To Choose A Medigap Plan?

Output: You first want to research the types of benefits available under a Medigap plan , decide which of these benefits you want , and then select the Medigap policy that meets these needs . All of the Medigap plans are standardized so the benefits under a given plan is the EXACT same from every carrier . So how do they differentiate themselves in that type of marketplace ? They feature different rates , rating methods - community rated , issue age rated , and attained age rated , and value added services -LRB- e.g. UHC plan members can get discounts for vision or dental services and access to the senior sneakers program through AARP -RRB- . A lot of people think `` Why do n't I just get a plan F ? All of the benefits available are included in that plan ! '' While this is true , this plan is also going to be the most expensive . If you 're on a fixed income , you may want to try to keep your cost down . Therefore , a different plan may be more appropriate for you . For example , a plan G offers all of the same benefits as a plan F , except for the Medicare Part B deductible -LRB- $ 147 for 2014 -RRB- . However , a plan G is going to be cheaper than a plan F -LRB- and usually by a good margin -RRB- . Plan N can also reduce premiums by a substantial margin and offer great coverage as well - the difference from plans F & G being a small copay is due when you go to the doctor -LRB- up to a $ 20 copay -RRB- or the hospital -LRB- up to a $ 50 copay -RRB- and excess charges are not covered . Plan N is most useful for someone who 's doctors accept Medicare and accepts assignment -LRB- when accepting assignment , a doctor accepts the Medicare-approved amount as payment in full and can not bill you an excess charge -RRB- . Another major point to keep in mind is where your health is now and where it may be in the future because you might not be able to switch to another Medigap plan later if your health drastically changed down the line , you may not be able to qualify for a new plan if medical underwriting is required . The rating method a carrier uses is an important factor to consider here . You also need to find out which carriers offer the plan in your area . Remember to keep in mind that not every carrier offers every plan . Because there are many health care plan options available to seniors , it 's most helpful for you to work with an experienced broker who can guide you through all of these steps . Please feel free to contact me for help . Thanks very much .


Input: What Are The Functions Of Having Disability Insurance?

Output: As Tim so aptly described , the function of Disability Insurance is simply to pay you when you are unable to bring home a paycheck . While Disability Insurance itself is a very straightforward product , there are many features and riders to DI that perform different functions . E.g. Having the `` own occupation '' feature will enable you to receive payments if you can not work at your OWN job . Without it , you may be ineligible for benefits as long as you can work at ANY job . So when you got to buy Disability Insurance , do use a professional who can help you get the policy that performs best for your needs .


Input: What Are The Functions Of Having Disability Insurance?

Output: The functions of disability insurance is really only one . It replaces your income due to a medically disabling illness or injury . The monthly benefits can be used for anything you choose . People pay their monthly living expenses , health insurance deductibles , medical devices not covered by insurance and many more . If you depend on your earned income to live , you need a good disability policy .


Input: Will Medicare Advantage Disappear?

Output: Medicare Advantage plans will probably not disappear completely , but you can expect the landscape to change going forward . Obamacare strips over $ 700 billion from Medicare funding to pay for subsidized health insurance for people under age 65 . Reduced funding means : Fewer Advantage plan choices Smaller networks Higher premiums Higher deductibles and copay 's Higher out of pocket


Input: Will Renters Insurance Cover A Storage Unit?

Output: If the personal property stored in a storage unit is an emergency removal from the insured residence , it is fully covered for thirty days . If it is merely storage of excess items the coverage is limited to ten percent of the personal property limit stated in the policy .


Input: Would A Cat D Car Affect My Insurance?

Output: Auto insurance follows a specific car . If you have other cars , adding a Cat D car will probably not affect the policy . Many insurers will not provide physical damage coverage for a Cat D car . Otherwise you should be able to find a company that will insure the car for public liability .


Input: How Much Does A Claim Affect Home Insurance?

Output: An insurance company has underwriters who evaluate a risk -LRB- home -RRB- to see if it conforms to a standard definition of what the company wants to insure . A claim is seen as a deviation from that standard definition and is therefore scrutinized . The claim may be disregarded , charged an increased premium or declined . The underwriter may modify the specification of the policy such as require an increased deductible . Some insurers reward a `` claims free policyholder '' and this reward is normally withdrawn when they have a claim .


Input: Is Medicare B Voluntary?

Output: You do have the right to opt out of Part B. Be very careful however . Unless you have group or other coverage equal to Medicare , then you can be penalized for every month that goes by that you were eligible for and did not carry Part B . That penalty will never go away and can get very expensive . I do not recommend opting out of Part B.


Input: Is Requiring Health Insurance Unconstitutional?

Output: Requiring health insurance is not unconstitutional , although many persons would disagree . Is ip unpopular ? Absolutely . Approximately half -LRB- or more -RRB- of US adults do not like the idea of forcing consumers to purchase healthcare . In 2014 , if you do not buy coverage , you will have to pay a special tax that the IRS will attempt to recover from you . An experienced broker can help you find the cheapest plan in your area . We also help you determine if you are eligible for a federal tax subsidy .


Input: Can I Add My Parents To My Health Insurance?

Output: You can only add your spouse and your children to your health insurance policy -LRB- and a child you are a legal guardian of -RRB- . Your parents must be on their own health insurance plan -LRB- if you 're under age 26 , you can be added to their 's , but not the other way around -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can I Add My Parents To My Health Insurance?

Output: If you have individual health insurance the answer is definitely - NO . If you are covered under an employer 's group health plan the answer is almost always No as well . However , there is a very narrow circumstance where you might be able to add a parent onto your group coverage . I 've never seen it in real life but here 's how I understand it could be approached . First , you have to determine if your parent qualifies as a dependent under IRS guidelines . IRS guidelines say that if your parent is under age 65 , they have an annual income of less than $ 3650 and you pay more than half of your parent 's total support for the year you can claim them as a dependent . As you can see , these a some pretty hard criteria to meet but I 'm sure there have to be some people out there that fit this profile . Next , you will have to have a serious meeting with your employer and have family coverage available through your employer 's health plan . You ca n't add your parent as an individual . If your current coverage level is employee only you would have to change it to a level where two or more adults can be covered -LRB- e.g. - family coverage -RRB- . You must be prepared to provide documentation -LRB- tax filings , etc. -RRB- to your employer to support your request and , in all candor , I 'd visit with a family lawyer before meeting with your employer . It is highly likely that your HR person or the business owner has never been presented with this situation before and it 's such a rare situation that in some ways it defies common sense and is at odds with what is commonly accepted business personnel practices . Until your question prompted me to do some research my initial reaction was `` no way '' and I 've been in the business for 30 years . You should n't expect this to be easy to accomplish , you may have to be the educator and you may find yourself having to deal with your employer , their insurance broker/consultant and probably the health insurance carrier themselves and to be expecting resistance every step of the way .


Input: Which Company Is Best For Home Insurance?

Output: The best company for home insurance is the one that has a policy in force on your home . There might be reasons to change companies but it is the in force policy that you need . Insurance companies are highly regulated . Most states have an elected official whose responsibility is to monitor the activities of all the insurance companies admitted to that state . While there are minor differences in the balance sheets of companies you can expect that any insurance company doing business in your state is going to fulfill their contractual obligations to you .


Input: Is Medicare Optional At Age 65?

Output: You are not required to enroll in Medicare Part A or Part B at age 65 . For most people , Part A is `` free '' so you might as well accept it . After all , you paid for it . If you refuse Part A you may also be required to forfeit your Social Security check .


Input: What To Do If Homeowners Insurance Denies A Claim?

Output: Contact your local agent or your carrier 's claims representativeto file an appeal with them . Explain to them the reason you believe that the claim should be covered if possible reference policy language that backs what you are saying . Your carrier will then have to take another look at the claim that was filed . The insurance carrier in most instances wants to insure that the client is compensated appropriately for a loss . Nobody really wants an unhappy client .


Input: My Dad Bought A Life Insurance Policy For Me, Unbeknownst To Me. Do I Have To Make Payments On It?

Output: If you do n't want the policy any more , you do n't have to keep it , and you do n't have to make payments on it . They can send you all the notices they want , but no one can take you to collections for life insurance . If you quit paying on it , the policy will lapse . It is your choice .


Input: My Dad Bought A Life Insurance Policy For Me, Unbeknownst To Me. Do I Have To Make Payments On It?

Output: It seems that your father bought an insurance policy for the purpose of you to have a policy of your own when you are no longer dependent under him . The decision will rely on who bought the policy and who was designated to pay for the policy which should have been your father since he opened up the policy . On the application will ask who is owner of policy and who will pay the premium . In insurance dependents are children of parents 25 and under . When a policy is taken out on child by a parent they receive lower rates , or even a rider which is an additional form that will cover all child dependents no matter the number until the age 25 . Once at that age they can become insured on their own policy at a guaranteed issue no matter what . In your case , you was not owner of policy , and you did not take over the policy . You dad owned the policy since he was the pay or even if the policy was written on you . You should have officially signed applications to own the policy , and it turned over to you . So , if not they have no course for action , since , you did not own the policy . You owe them nothing and you may cancel unless you voluntarily took over ownership . You may still cancel the policy anytime you desire . It also seems you have no beneficiaries . Also he may have taken the policy out on you in order to insure you in the event something happens to you which will relieve the financial burden upon the family .


Input: My Dad Bought A Life Insurance Policy For Me, Unbeknownst To Me. Do I Have To Make Payments On It?

Output: There are a few things you need to be aware of . First , if your over 18 , you have to sign the application for life insurance . If it was purchased prior then your signature is not required . When the policy was issued , there was a payor identified other than yourself . If he turns the ownership over to you , then you have to decide if you want it . If you do n't , then you do not have to pay pay for it however be aware the policy will lapse . Find a local broker to look at your current policy if you are not sure what you have and what the options are .


Input: Will Medicare Pay For Sleep Apnea Surgery?

Output: Your sleep apnea must have been diagnosed by a physician and verified by a doctor prescribed sleep study in a Medicare approved facility . Some mild forms of apnea can be treated with devices , weight loss , cessation of tobacco use . But in some cases surgery may provide relief . If your condition warrants it , Medicare will pay for surgery . Your doctor can advise you about your options .


Input: How Much Renters Insurance Should I Carry?

Output: That is a great question ! To answer it really simply , you need enough to cover the cost of your stuff if it were to be destroyed , and enough liability to cover if someone were to get hurt in your apartment -LRB- or you were the one who caused the destruction -RRB- and decide to sue you . Hopefully that would n't ever be an issue , so generally the balance of your decision lies with the value of your stuff . To come up with that number , ask your agent if they have a value calculator , and then adjust that figure as needed , or go old school and list everything -LRB- brooms and garbage cans included - everything that you would have to replace -RRB- and its approximate value . That total is what you want as a starting point for your coverage . I hope that helps , thanks for asking !


Input: How Much Renters Insurance Should I Carry?

Output: There are two parts to the question because there are two major parts to a renters policy . The policy should have as much liability insurance as you can possibly afford , bankruptcy can ruin your future . To determine the amount of property coverage I suggest that you take pictures of everything in your unit . Then very , rationally sit down , make a list of the property and assign a replacement cost to each . The sum will be the amount of property coverage that you should carry .


Input: What Does Endow Mean In Life Insurance?

Output: The word endow in the English language means `` to provide with property , income or a source of income '' . For a life insurance policy to endow means that the policy will pay out the face amount to the policy owner or beneficiary , even though death of the Insured person has not yet occurred . The face amount might also be paid at intervals with interest .


Input: What Does Endow Mean In Life Insurance?

Output: Endow , in the context of life insurance , can mean a few things . For example , when we design proposals for clients which involve flexible premium products such as universal life and its variations , we tend to solve for premiums based on conservative interest projections and aim at growing the cash value to `` endow '' at age 100 meaning we want the cash to grow to equal the initial death benefit purchased . Pure endowment policies are no longer offered in the US due to tax code changes which declassified them as life insurance around 1980 . In 1988 the term `` modified endowment contract '' was introduced into the code to further limit `` investment '' oriented life insurance . But the endowment concept is still alive and well when we design life insurance for maximum cash value accumulation within today 's limits .


Input: How Much Is Renters Insurance For College Students?

Output: -- > Normal 0 Before college students consider purchasing renters insurance , which I would refer to as tenant-homeowners insurance , I suggest they make the effort to find out if they are already afforded coverage by their familys homeowners or tenant-homeowners insurance . Students who maintain their primary residence as their familys home should be considered insureds under their parents policy . As an insured , their personal property should be covered anywhere in the world and in particular , at a temporary residence . In many cases , the coverage afforded by the familys policy will better than coverage they could buy on their own . Thats the first place I would check and I would get the response confirmed in writing . There may be limitations and deductibles to consider but in most cases the basic coverage should be adequate to cover most situations . Personal liability coverage should be available as well . For students who are no longer residents of their parents household -LRB- emancipated -RRB- or for parents who fear the impact of claims on their coverage , a separate policy could be considered . Insurers may be more reluctant to cover students on their own while at school but coverage should be available . A good place to start may be the parents insurer or agent . Basic policies with a $ 10,000-15 ,000 personal property limit should cost $ 200-300 a year . Coverage will be limited to specifically named perils , deductibles will apply and property will be covered for its actual cash value -LRB- not the cost to replace an old item with a new one -RRB- . If replacement cost coverage is available , I suggest you consider adding it .


Input: Is Home Insurance Mandatory In California?

Output: Home insurance is not mandatory in California . But any financial institution that loans you money to buy real property can require you carry HO insurance . If you fail to procure a policy , they will buy one for you and charge you for that . Also , if your property is located in the flood zone area , the same lender may also require you buying flood insurance . The only thing I have n't seen required from the Homeowner is an earthquake insurance . However , we strongly suggest you review you options . Nowadays , with theCalifornia Earthquake Authority -LRB- CEA -RRB- this coverage became much more affordable than before .


Input: Is Home Insurance Mandatory In California?

Output: No one in California is required to purchase homeowners insurance . A homeowners has the option of self insuring . However a lender will require a homeowner to carry homeowners insurance as a condition of your loan . This is to guarantee the lenders investment is not lost if there is a loss on the property . Once your home is paid off you may do as you wish . However in either case I strongly suggest you protect what most likely is your biggest investment is insurance .


Input: Is Home Insurance Mandatory In California?

Output: Great Question . Home insurance is mandatory in California only if you have a mortgage on the house . If you still make payments to the bank on the home they will have you buy home owners insurance and force you to keep it . If your home is paid off then having insurance is a good choice but not required . Good Luck


Input: Is Home Insurance Mandatory In California?

Output: If you have a mortgage on your home , usually the lender/mortgagee will require you to have home insurance . Otherwise , it is your choice to whether have it if your house is completely paid off . If you decide not to get insurance , then you will self-insure your house in case anything happens to it.Personally , Ido n't think it is a smart thing to do even if you can afford to payfixing thedamages and/or even rebuilding your house in case of fire . That 's why you want to transfer the responsibilty to insurance companies who have much bigger pocket to pay for that .


Input: Is Home Insurance Mandatory In California?

Output: Home insurance is not legally mandatory in any State including California . If a mortgage contract exists against the home , it is likely that the mortgagee requires at least a basic Fire & Lightning policy on the home to protect the collateral security for the mortgage . If on the other hand , there is no mortgage , it would not be adviseable for one to take the risk of fire or personal liability alone . One may purchase a Homeowners Insurance policy with a very high deductible thus generating a comparatively much lower rate in order to have coverage should a major catastrophe occur . Arizona , California & Nevada free quotes are available online at : WEBSITELINK


Input: Is Home Insurance Mandatory In California?

Output: If you own a home you do not need to insure it . If you can sustain the loss of the home through fire or other peril and not suffer any economic setback , then insurance isnt necessary . If someone sues you for personal injury or property damage and you can take care of the lawsuit out of your petty cash , you dont need insurance . If you dont owe any money on your house , you dont need insurance .


Input: Can My Auto Insurance Company Deny My Claim?

Output: Your auto insurance company can deny your claim , although most claims tend to be approved . For example , if you fraudulently filed a claim , or attempted to recover damages on a vehicle that you did not drive or own , surely , the claim would be denied . If you pet was attempting to drive your vehicle and hit a stop sign , then do n't expect a check from your insurer . When in doubt , an experienced broker can explain the entire claims process , how long it takes and what the likely outcome is going to be .


Input: Can My Auto Insurance Company Deny My Claim?

Output: An insurance policy is a legal contract . It obligates the company to pay for damages caused by specified events or perils . If your loss meets the legal requirements , your claim will be paid . Getting the claim paid is not the rub for most customers . The problem that occurs is that they are often forced to pay to repair their own car when they felt that someone else was at fault . Determining fault is a major issue .


Input: Does Renters Insurance Cover Legal Fees?

Output: The cost of defense is included in the liability coverage on most renters policy . The wording is interesting because the coverage lasts until the limit is exhausted . The point is simple , lawsuits are expensive . When setting limits for a renters policy accept the highest liability limits available .


Input: Can I Cancel My Health Insurance At Any Time?

Output: You can cancel your insurance anytime BUT you need to be aware of the new rules regarding when you can enroll in a new policy . The ACA rules have made it so you can only enroll in a non group based health plan during open enrollment which runs from November 15th to January 31st . You will not be able to enroll in a plan outside of that period without a special election period . Cancelling your current insurance is voluntary loss of coverage and not a valid election to enroll in a new plan . The big misconception is people think you can only enroll in an ACA `` Obama care '' plan during open enrollment but the rule applies to non ACA plans as well . In other words , if you cancel your current insurance , be prepared to wait until the following January until you can be enrolled in plan again .


Input: Can I Cancel My Health Insurance At Any Time?

Output: You can cancel your health insurance at any time . However , before you cancel , you should have other coverage in place with a current effective date . If you are unsure of the type of policy you need , an experienced broker can review all of your options , shop the top-rated carriers and guide you through the enrollment process .


Input: Can I Cancel My Health Insurance At Any Time?

Output: Yes , you can cancel any insurance at any time ! The carrier may have restrictions on when and under what conditions a policy can be cancelled but an insured has no long term obligation to a policy . Please be cautious before cancelling a policy ; there have been many cases where an insured has cancelled a policy and has been unable to obtain insurance again for a variety of factors . It is a good idea to replace your coverage first unless you 're certain that you do n't want the insurance .


Input: Can You Take A Loan From Your Life Insurance Policy?

Output: If you own a permanent life insurance policy that has accumulated cash values , you may be able to borrow money from it . Policy performance can vary and some policies surrender charge provisions may apply . And keep in mind that there are policy loans charges as well . The policy must be kept in force for the life of the insured or all policy loans of gain and internal policy loans will re-characterize as phantom income and taxed as ordinary income in the year of lapse or termination .


Input: Does Renters Insurance Cover Theft Away From Home?

Output: Renters insurance will cover you for theft on and off yourpremisesminus your deductible . For example if you are traveling and your luggage was stolen this would be acoveredperil . I recommend you discuss with your local agent as renters polices may and often do have limitations for certain items such as jewelery .


Input: Does Renters Insurance Cover Theft Away From Home?

Output: -- > Normal 0 Renters -LRB- Tenant/Homeowners -RRB- Insurance policies will usually cover your personal property anywhere in the world . Of course , most tenant / homeowner policies also provide coverage on a named peril basis and theft is usually a specifically defined covered peril . So , in a general sense , renters policies should cover theft of your covered personal property while it is away from your home subject to the policys exclusions and limitations . Common limitations include : no coverage for theft from a dwelling under construction -LRB- often can be added -RRB- , theft from another residence you own or rent unless you are temporarily residing there , theft from the part of a residence you rent to someone , theft of boats , their equipment , trailers or campers , etc. .


Input: Why Should I Have Long Term Care Insurance?

Output: You should have long term care insurance if you have a large enough estate that you would hate for all of it to pay long term care costs , but not so large that you could easily pay all your long term care costs yourself . Also , if you are in the first group , it is nice to have long term care insurance so that you can choose your own nursing home or other form of covered care , rather than having to go with what Medicaid is approved to cover .


Input: Does Owning A Trampoline Affect Home Insurance?

Output: Many companies refuse to issue a homeowners policy when there is a trampoline on the property . The trampoline is clearly identified as a hazard . Regardless of mechanisms to make them safe , there is still a high incidence of claims involving a trampoline . Companies that will insure a home with a trampoline will normally be considerably more expensive .


Input: Does Owning A Trampoline Affect Home Insurance?

Output: Trampolines are an attractive nuisance not unlike the pond on the back forty , They are the source of a lot of additional liability exposure to the policy and the homeowner . The biggest reason that liability increases is because more than one child or person is one the equipment at a time . Most families with a trampoline have n't established risk-based rules for use and enjoyment and so what looks to be a fun and exciting play thing , becomes a hazard teeming with potential to cause great bodily harm . Insurance companies know from experience that trampolines cause losses and are expensive to insure because the injuries can become catastrophic . Broken bones are one thing . A broken neck with paralysis is completely another but well within the outcomes on a trampoline . Add to the trampoline an almost complete lack of training or instruction on the correct methods of use -LRB- and the lack of appropriate rules for use -RRB- , and we find the trampoline becomes similar to a loaded gun just waiting for curious hands with just as much potential to destroy a healthful life . Another issue that crops us is the degradation of the platform fabric since it is exposed to weather and sunlight . People have been known to bust through the platform because it became degraded due to the sun and weather effects . Bones get broke hitting the found and frame members below the deck . In my experience , most companies do n't want anything to do with insuring a home with a trampoline . A relative few do n't charge additional premium and do n't restrict the presence of a trampoline . Others still will permit a trampoline when it is is present for coverage at an additional charge . One carrier we represent charges an additional $ 75 annually for the trampoline , requires the fences to be installed -LRB- most trampolines come with them -RRB- , and they wo n't provide insurance on the home unless the trampoline is also included in coverage . All in all , you do n't simply have the choice to not insure the trampoline since the mere act of having one dramatically increases the chances of having a loss ! That said , trampolines can be enjoyed safely but it requires careful and near constant monitoring by the responsible adults , the establishment of rules for use , the ability to protect the equipment from non-invited use by neighbors when the owner or their children are not using the equipment , and inspection periodically for signs of degradation and normal wear and tear . Additionally , basic skills should be discussed , taught and understood , limits should be placed on the behavior that is allowed on the trampoline , and responsible adults should be willing to stop all play when careful control can not be maintained . Many injuries occur when the parents are not paying attention or aware from the home . Let 's face it , no one wants to be sued for the liability that may arise out of an injury on a trampoline and no one wants to deal with the often catastrophic injuries that can occur to your children or the neighbors . These latter comments and insight are a good foundation for understanding why an insurance company does n't like trampolines and why homeowner insurance is often negatively influenced when they are present on the property .


Input: Why Is Renters Insurance Important?

Output: You may think that , because you do n't own a home , you do n't have anything at risk . Nothing could be further from the truth . The only difference between a homeowner and a renter is that a renter does n't own a building . You still have personal property -LRB- your stuff -RRB- and you still have a liability exposure . A renters policy is just a homeowners policy without the building coverage . It will cover your stuff if it 's stolen or damaged in a fire , just like a homeowners policy will . If someone gets hurt in your home , it will cover you just like a homeowners policy will . Now , be smart insure yourself properly . You 'd be surprised how much it would cost to replace all your stuff . A good agent will help you choose the right limit . You can even estimate it yourself . Allstate has a great tool on their website to help you estimate what your stuff would cost to replace -LRB- no , I 'm not an Allstate agent , I just like their tool -RRB- . Notice I said `` replace '' . This is an important distinction . if your stuff is damaged , it can be replaced with new , not depreciated . Be sure to ask for replacement cost coverage on your personal property . Next , pick the right liability limit . Be sure it 's high enough to protect all your assets . Do n't skimp here . Liability coverage pays if you are deemed negligent and these lawsuits are seldom small and higher limits are extremely inexpensive . Be smart and find an agent you can trust . If it costs a little more , pay it . Choose your agent first , then listen to him/her . In the long run , you 'll save money .


Input: At What Age Do You Go On Medicare?

Output: Most people will enroll in Medicare when they turn 65 . Part A is premium-free for most individuals because you 've been paying FICA taxes during your working life -LRB- you need 40 quarters/10 years of working life to qualify for premium-free Part A -RRB- . Part B requires a monthly premium -LRB- $ 104.90 in 2014 - can be higher for individuals in higher income brackets - figure based on your modified adjusted gross income from your tax return from 2 years prior -RRB- . Some people may be on Medicare before age 65 -LRB- certain requirements must be met such as being on social security disability/have end-stage renal disease and have been receiving benefits for 24 continuous months -RRB- . If you 're still working and have group coverage , you can elect to postpone receiving Part B until you 're ready to come off the group plan . When you 're ready to come off the group coverage , you 'll have a special enrollment period to enroll in Part B . If you do n't do it in this window , you will have to wait until the annual general enrollment period -LRB- January 1-March 1 -RRB- - please note , if enrolling during your general enrollment period , you will have a July 1 effective date . When you first enroll in Part B , you will also trigger a six-month open enrollment period to buy a Medicare supplement plan with NO MEDICAL UNDERWRITING . This is THE BEST time to buy a supplement plan - plan F is the most comprehensive plan .


Input: Does Medicare A, B or F Pay For Humira?

Output: That is a great question ! Unfortunately , the answer , not so much . I 'm afraid that it is not . If you have questions on the services or medications covered by your Medicare plans , go to the Medicare website WEBSITELINK and there is a space that you can type in your service or medication , and find out if it 's covered . It 's a really nifty , fast way to find out . Thanks for asking !


Input: Does Medicare A, B or F Pay For Humira?

Output: Humira is a prescription medication and would not be covered by Original Medicare -LRB- Part A & Part B -RRB- nor your Medicare supplement plan F . It would be covered by a stand-alone Part D prescription drug plan if it is listed in the plan 's formulary -LRB- list of drugs covered by the plan -RRB- . If your current plan does n't cover the prescription , you can change to a different Part D plan -LRB- one that covers the drug -RRB- during the annual enrollment period -LRB- Oct 15-Dec 7 of each year -RRB- . Please feel free to contact me with any other questions . Thanks very much .


Input: When Does An Insurance Company Decide To Total A Car?

Output: An insurance company will total a car out once the amount of damage reaches a percentage of the vehicle 's market value . Usually this is around 75 % . So for example , if you total a vehicle that is worth $ 8000 , claims adjusters will consider a total when the damage approaches or exceeds $ 6000 .


Input: When Does An Insurance Company Decide To Total A Car?

Output: Insurance providers will chose the option that costs the insurance company the least amount of money . But keep in mind it is in the insurance companies best interest that the car is safe and has no potential future costs that can come back on the insurance provider . So using the above example if a $ 8000.00 valued auto can be property repaired for $ 6000.00 then the insurance provider will fix the vehicle . If however it seems there are potential issues that can increase the cost and the vehicle can not be adequately repaired safely the vehicle will be a total .


Input: When Does An Insurance Company Decide To Total A Car?

Output: Usually 70 % is the magic number they use . So if the repairs to your car go over 70 % of it 's current value , then they will total you car and pay you book value . But if you think you can repair it cheaply , you can always buy the car from the insurance company , after they total it .


Input: Do benefits pay triple on murder?

Output: I have had two clients murdered . Neither received more than the standard death benefit . There is often a more thorough investigation before the death claim is paid when there is a homicide . It is illegal in most states to profit from murder in particular . According to the TV shows the beneficiary of the life insurance is always a prime suspect .


Input: Do benefits pay triple on murder?

Output: That is an interesting question ! I know of not one single company that pays anything extra for death that results from a crime . In fact , I know far more that wo n't pay if the death was a result of criminal activity on the deceased 's part . Insurance companies are very careful , and guarded against paying for anything that was illegal . If the deceased was a random victim , they would pay up like any other death . I hope that helps , thanks for asking !


Input: Do benefits pay triple on murder?

Output: I am not aware of any life insurance policies that pay triple for murder . Life insurance companies are very careful to prevent murder as a way of someone trying to collect on someone else 's life insurance . And if murder occurs randomly , it pays the beneficiary the full face amount , as normal .


Input: What To Look For When Shopping For Renters Insurance?

Output: The most important thing when buying insurance is to select the appropriate limits . Getting competent advice is critical . Check with your colleagues , friends , and neighbors . Select an agent who you can trust . When you start working with them make sure that they are accurately transmitting all the required information to the insurance company . When the policy comes make sure that it is exactly what you wanted . Price becomes an irrelevant issue if your suffer a loss and the policy does not adequately cover you .


Input: Who Uses Universal Life Insurance?

Output: Universal life insurance is a flexible product that allows the policy owner to modify death benefit and premiums during the life of the policy . It has two sets of rates : current company practice and contractual guarantees . If can be utilized as a traditional coverage or protection product as well as a supplemental retirement income strategy . Those who purchase universal life buy it for the flexibility the product offers .


Input: Who Uses Universal Life Insurance?

Output: Universal Life has many uses because there are many types of UL policies and they can be further manipulated to accomplish different financial goals . Guaranteed no lapse universal life will pay out the death benefit at death at any age . The premium is guaranteed not to go up for the entire time the policy is in effect , or it can be paid in a lump sum or over several years . Most people purchase this type of policy , not for cash value , but for longevity . It has a relatively low premium for permanent life insurance . Indexed Universal Life or Variable Universal Life is usually purchased for the cash value feature . Therefore , the person who buys IUL or GUL will have different characteristics than the person buying the GUL described above .


Input: What Health Insurance Covers Lasik Eye Surgery?

Output: In the broadest of terms you should assume that a health insurance plan will not cover Lasik as it is generally viewed as an elective surgical procedure used in lieu of wearing eyeglasses or contact lenses . There are case situations though where the use of Lasik may be deemed medically necessary and the claim paid by the insurance carrier . Some examples might be the need for corrective surgery due to an accident or as a result of other surgery . Many health insurance carriers offer vision insurance plans as companion coverage for their individual and/or group medical plans . While these plans generally do n't cover Lasik in the vision plan 's scheduled benefits the quite often come bundled with a discount or flat fee arrangement for Lasik procedures as a value added benefit . As a result , some persons can or may have some discount arrangements in their existing benefit plans and some may not even really be aware of it of have forgotten about it . Check your coverage certificates and if you have a separate vision insurance plan - especially check those as that is where any possible benefit is most likely to show up . If your employer offers a medical Flexible Spending Account -LRB- FSA -RRB- and you are planning for Lasik in the coming year then you should definitely consider setting aside pre-tax dollars in a FSA to pay for your costs if you have no coverage at allor for after any cost sharing you might have through any coverage . FSA dollars can be used for a variety of out-of-pocket medical expenses not covered by your insurance up to $ 2500 per year . So , when you know or are pretty confident you are going to have some level of out-of-pocket expenditure -LRB- s -RRB- for health care in the coming year you are essentially getting a discount equivalent to your tax bracket for the money you were going to spend anyways . Avail yourself of this option if it is available , if not , ask your employer to consider adding such a plan , it can be in the employer 's best interest from a tax perspective as well . Other than the obvious `` you pay for the whole thing '' option , this pretty well covers the spectrum for the non-coverage/coverage conditions for Lasik in health insurance and how the need is often addressed to some degree in many vision insurance plans .


Input: How Long Does It Take To Obtain Life Insurance?

Output: It depends on your age/health and requested coverage amount . But in general it would be less then a month , it could be a couple business days as well . However if you are applying for a large amount of coverage that will require a medical examination and more stringent underwriting , one can purchase a short term policy that will cover you until the policy becomes effective . Same basic principle as flight insurance .


Input: Can A Trust Be A Beneficiary Of Life Insurance?

Output: Yes , a trust can be the beneficiary of a life insurance policy , upon which the proceeds will be distributed according to the terms of the trust upon the death of the insured . Take care that the trust is up to date and active at the time of death . A trust can also be the owner of a policy .


Input: Can A Trust Be A Beneficiary Of Life Insurance?

Output: The general purpose of an irrevocable life insurance trust is to own the policy outside the estate to insulate the death benefit proceeds from federal and state estate taxation . The irrevocable life insurance trust has trust beneficiaries , who receive the death benefit proceeds from the irrevocable life insurance trust .


Input: What Does Home Renters Insurance Cover?

Output: Home renters -LRB- tenants -RRB- policies traditionally cover personal property in the residence . There is a 10 % extension for property that is away from the residence . The second major section is liability and that covers you for bodily injury and property damage . Although it is rarely mentioned , this liability coverage is the most important part . A lawsuit could bankrupt you . The policy has limitations and exclusions so read the policy carefully .


Input: What Is The Best Medicare Advantage Insurance?

Output: It depends on your locality and personal situation . There is no way to answer that on this forum . When you shop for a Medicare Advantage Plan you need to consider several things . Is it an HMO that requires you to stay in network ? If so are your doctors in the network ? If it is a PPO -LRB- Preferred Provider Organization -RRB- you would still want to be sure your doctors are in network but you will be covered if you go out of network at higher out of pocket costs . Do you travel and are out of state more than a few weeks at a time ? If so does you MA plan have a network you can utilize in the area you stay ? Are all of your prescriptions covered ? MA plans have a formulary and not all drugs are covered ? It is always best to consult with a local agent who handles both MA plans and Medicare Supplement plans . A good agent with a good reputation in the area is always the best source for advice .


Input: How Long Does Tobacco Stay In Your Blood For Life Insurance?

Output: Tobacco in the blood is indicated by a metabolite of nicotine called cotinine . Cotinine can be detected in a life insurance blood test for several weeks after smoking a cigarette , chewing nicotine gum , using chewing tobacco , etc. . The test for cotinine is also sensitive enough that it nearly always detects actual tobacco use , rather than second hand smoke .


Input: How Long Does Tobacco Stay In Your Blood For Life Insurance?

Output: That is a great question ! If you are asking because you are trying to get a cheaper rate , I 'd advise you not to try , though . If , God forbid , you die as a result of a smoking related illness , and it states that in your death certificate , and you were listed as a non smoker , you can bet your last dollar that your beneficiary will have a hard time collecting . If the company suspects that you were fraudulent on your application , rest assured they will not be happy . Please just sign it as smoking , then after you 've quit and are clean , revise your policy and get the cheaper rate . It 's a much better way to do it . Thank you for asking !


Input: Does Health Insurance Cover Impacted Wisdom Teeth?

Output: The answer to this question can depend on the nature of your wisdom teeth removal . Most claims for extractions are sent to your dental insurance first , not your health insurance . If the wisdom teeth are what 's called ` boney impactions ' , the claim will be sent to your health insurance company to coordination benefit with your dental plan , since that treatment is covered under health insurance .


Input: Why Is It Good To Invest In Retirement Annuities?

Output: That is a great question ! There are good things and bad things about any retirement product . Annuities are certainly a great retirement vehicle , but you want to be sure that it is the right one for you . The positives for annuities are that they can generate a good sum of money safely for you , that the payments to you can be structured so that you can not outlive them , -LRB- a huge plus , to know that you will have an income stream that lasts as long as you need it -RRB- , and that many companies will add a bonus to your annuity that further increases your yield . The negatives are that they typically require a lump sum payment to begin them , that the deposit can not be touched -LRB- with some exceptions , but really should n't be touched -RRB- for several years without large fees and consequences , and that if you are n't careful , the annuities yield may not be enough to outpace inflation , resulting in ultimately a poor investment vehicle . My personal advice to my clients is always that this product needs to be a good match for you to consider it . Cash flow can not be an issue for you , and that we need to look carefully at which annuity is best for you . The right annuity is a great investment , and the peace of mind that comes with knowing you wo n't run out of money is priceless . I hope that helps , please feel free to drop me a line if you 'd like more personalized information , okay ? Thanks for asking !


Input: What Does Pre Certification Mean In Health Insurance?

Output: Health insurance pre-certification is a process used to certain claims that may have significant cost or could be of questionable value . Most elective surgery , inpatient or outpatient , should be pre-certified with your health insurance carrier before moving forward . Your doctor will file an informational claim using the carrier pre-certification form to determine if the medical procedure might be approved for coverage . Ultimately it is YOUR responsibility to make sure the pre-certification process has been followed .


Input: Is A Knee Walker Covered By Medicare?

Output: Unfortunately , knee walkers are not normally paid for by Medicare . If you can get a doctor 's prescription saying that crutches or canes will not provide the support needed , it may be possible for Medicare Part B to cover a knee walker . However , providers of knee walkers generally state that Medicare does not cover this type of walker at this point in time , and under most circumstances .


Input: Will Variable Annuities Keep Ratcheting Up?

Output: Assuming that ratcheting up refers to the interest rate credited to the high water mark solely used for income purposes only , the short answer to day is no . The interest rate arms race of the last decade is over . The interest rate posture taken by new variable annuity contracts offered today in comparison to the last decade has decreased . It could change . But in short term more than likely no .


Input: Does Renters Insurance Cover Mold?

Output: Some Renters insurance policies carry some limited coverage for mold , but most that I have encountered lately do not . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: How Much Is Medicare Part D?

Output: Medicare Part D premiums vary by zip code , carrier and plan formulary . Medicare Part D premiums in Georgia range from $ 15 per month to over $ 100 . In considering a Medicare Part D plan you should use the drug plan formulary finder on the Medicare.gov site . When you input your information , the formulary finder will illustrate plans available in your area ranked from the lowest total cost to the highest .


Input: How Do You Become The Best Life Insurance Agent?

Output: A good life insurance agent has some important characteristics . A good agent is a good listener . A good agent will listen to you and will check with you to make sure that you are fully understood . A good agent communicates clearly to both you and to the insurance company . The agent should explain as completely as possible the details of the policy and patiently answer your questions . The good agent will communicate your information and concerns to the underwriting staff of the insurance company . Underwriters are usually quite conservative . The more that the agent can paint a picture that the underwriter can understand ; it is more likely that you will have a good outcome . Finally a good agent offers sound financial advice . A good agent isnt an order taker . A good agent will show you the advantages of alternate approaches to your problem . A good agent will not leave out anything vital to the case and will carefully counsel you as it regards your unique situation . Are there many good life insurance agents ? I think that there are , however , they are often in demand and do little to solicit business . You probably need to check with your colleagues and friends and locate that good life insurance agent that they trust .


Input: How Do You Become The Best Life Insurance Agent?

Output: That is a great question ! When you find the answer , copy me on it , will you ? `` Best '' means different things to different people . Best to some may mean `` makes the most money '' - if that 's you , good luck , and just learn which products pay the highest commission , and have at it . Polish your sales skills . If by `` best '' you mean most able to help your clients fit their needs , then be tuned into what they are asking you . Be sensitive to their fears and needs without preying upon them . Build a relationship with them that extends beyond business . They will know that they are not just dollar signs to you . That is incredibly important , because the six guys they saw before you all saw them that way , and what they want most is to not be seen that way . They are afraid , and do n't want to make mistakes , or be taken advantage of . If you can make them understand that they are safe with you , and that you value them over your paycheck , you 'll be very successful , especially if that is who you really are . Thanks for asking !


Input: How Do You Become The Best Life Insurance Agent?

Output: I am not sure I am qualified to tell you how to become the best life insurance agent , I do n't even know who that would be . But after 22 years in the business , I can tell you the things you need to become a very good life insurance agent . First and foremost become a student of the industry . Never stop educating yourself and products and regulations . I am not talking about CE credits but carrier trainings and brokerage trainings , this is invaluable to your success . Next learn to be a good resource for people , be a giver not a taker . Learn appropriate networking skills about how to help clients and prospects , not just sell them something , be a problem solver . Sell like a teacher not a salesman . Last , actually learn social media and how to effectively use it to grow your practice . Do n't guess , there is nothing worse than an agent or broker selling all over the place . Be helpful and relevant . I wish you the best of luck with your growth . Feel free to contact me anytime .


Input: Where Do I Buy Car Insurance?

Output: If you are not familiar with insurance terms you should NOT purchase from online only as you may purchase coverage that you thought you have and then do n't Your BEST choice is to talk to your friends and family and see who they use for an agent . a Good agent will take the time to sit down and explain your coverage and what everything means . In many cases and agent will work harder for you then just a 800 number or an online policy . Contact a local agent . Also you can call your state insurance commissioners office and they can also direct you to agencies in your area .


Input: Where Do I Buy Car Insurance?

Output: Auto insurance coverage can be purchase thru any carrier that provides it . There are several methods of finding a carrier . You can look in the phone book , check the internet , ask a friend , contact your local chamber of commerce for a start . Another method is to look for the agents that have answered auto insurance questions on insurancelibrary.com as they will more than likely be able to assist you .


Input: What Does POS Mean On Health Insurance?

Output: POS stands for Point of Service . POS forms of health insurance can be considered a middle ground between HMO 's and PPO 's . The POS program can be an attractive form of health insurance for participants who do not want to be restricted to receiving medical care only from network providers yet still would like to receive the same coverage and wellness benefits provided through a managed care system .


Input: Would Guardian Whole Life Insurance Be A Good Investment?

Output: Assuming youre addressing Guardians participating whole life insurance , the answer is , it is not an investment . It could be characterized as a supplemental retirement savings plan , if the policy is designed with the minimum base amount with the maximum -LRB- TAMRA compliant -RRB- term rider and paid up additions rider -LRB- if available . -RRB- Keep in mind that some of their products may use direct recognition policy loans which could impede the distributions when compared to similar participating whole life policies .


Input: How Much Does Long Term Care Insurance Cost?

Output: Long term care insurance cost is dependent on the benefits and policy riders you purchase . But more than product design is your own personal information such as gender , age , smoking status , health history and current medical condition . A non-smoking male , 60 years of age with full a monthly coverage of $ 7,000 a month benefit and $ 420,000 limit will pay around $ 300 a month .


Input: How Much Does Long Term Care Insurance Cost?

Output: A nonsmoking married couple age 60 on a joint long term care insurance policy with full benefits an inflation rider will pay around $ 300 a month for coverage . The premium depends upon your gender , age , smoking status , health history and current medical condition . Your state of domicile also may dictate the cost .


Input: Is Homeowners Insurance The Same As Hazard Insurance?

Output: Interesting question ... Seems easy to answer by saying that both terms are generally used interchangeably with regard to insurance . This is true . We often see ` homeowners insurance ' , ` home insurance ' and ` hazard insurance ' intended to mean the same thing : the insurance coverages in standard homeowner policies issued in the U.S. . Since there are some perils that are excluded in homeowner polices , some carriers refer to their coverage forms for these -LRB- like flood -RRB- as ` hazard insurance ' policies . But , generally speaking ` homeowner insurance ' , ` home insurance ' and ` hazard insurance ' are terms that are commonly used interchangeably .


Input: Is Homeowners Insurance The Same As Hazard Insurance?

Output: The mortgage company will require `` Hazard Insurance '' as part of your mortgage contract . In my experience they are looking for a homeowners insurance policy that will cover the replacement of the home . In the contract it usually states that if you fail to maintain hazard insurance they may purchase it on your behalf . So to answer the question is Hazard & Homeowners insurance the same . . the answer is yes-if you 're speaking about the mortgage requirements .


Input: Does Metlife Sell Annuities?

Output: Yes . Met Life does have annuity products that they sell . They have a variety of products and have a good reputation in the business . They are also highly rated and have been around for a while . This is an important factor when looking for an annuity product that you want to buy .


Input: When Can You Access Life Insurance?

Output: If you have Whole Life Insurance , you can access cash from it anytime it has been building , which is generally after 3-4 years . The cash value accumulates , building up larger and larger amounts , for emergency access . That cash can then be borrowed from your Whole Life Policy tax free , although it does reduce the death benefit unless eventually repaid by you -LRB- if you so choose -RRB- .


Input: When Can You Access Life Insurance?

Output: If you are the insured person with a term life insurance policy , the policy will not pay anything until you die . You must die within the years of the term , or else convert your policy to a permanent policy while you have that option . With permanent insurance , you can access it as soon as there is some cash value built up . With some policies , this takes a long time . With others , there is cash value right away .


Input: Does Medicare Pay For Weight Loss Programs?

Output: Medicare will pay for weight loss programs under certain conditions . Some things to know are : Medicare will pay for weight loss programs only if weight loss is needed to treat certain health conditions related to being overweight , or is needed before surgery to reduce the risk of complications . Up to three hours of individual counseling about weight loss is provided the first year , and two hours per year after that . If you need more treatment than that , Medicare may pay for more with a doctor 's prescription and if the treatment is medially approved by Medicare .


Input: Does Russia Have Health Insurance?

Output: The constitution of the Russian Federation deems all citizens have the right to free healthcare . This was done as a part of the Mandatory Medical Insurance reform in 1996 . Since that time , the collapse of the Soviet Union has left the system under funded . As a result , the health of the Russian population has declined considerably .


Input: Can You Borrow From A Life Insurance Policy?

Output: That is an excellent question ! One of the biggest perks of having a whole life policy is that it gives you the opportunity to borrow cash without having to jump through the hurdles that a bank or lender might make you do . The only requirements are : That it is a whole life policy -LRB- term policies do not have a cash feature -RRB- that has been active for awhile -LRB- it generally takes two to three years to start accumulating any measurable amount of cash -RRB- andthat you are the owner of the policy . Please contact your agent , and find out if there are any fees attached to your loan , and how the loan will affect your policy . In some cases , you may be able to repay it slowly , in others you may not need to repay it at all ; in some cases not paying it back can cause your policy to end . Check first , okay ? Thanks for asking !