Input: How Many Life Insurance Policies Can One Person Have?

Output: A person may have several life insurance policies and in most cases , it makes sense to have multiple policies in force . The number of policies is not the issue as much as the total face amount on the policies that matters . Each carrier has a scale of the total amount of life insurance a person may have based on their income and assets . For an example , a 30 year old male making $ 75,000 per year could qualify with several carriers up to 35 times income or have a total face amount of $ 2,625,000 in total life insurance policies . You may want a combination of permanent life insurance and a couple of different term life insurance policies to keep your premiums affordable and maximize your family 's protection . I recommend using an experienced independent life insurance broker that can shop the market for the right combination of policies to cover your needs at the best possible price . That is very tough to do on our own .


Input: How Many Life Insurance Policies Can One Person Have?

Output: The number of life inusrance policies is not an issue , but the total death benefit in force . Ideally you should have one policy to consolidate policy fees , admin charges andachieve any death benefit break points . This is not always realisitc , if you order an in force ledger on all your polices you may be able to save money .


Input: Where Can You Get Disability Insurance?

Output: There are two distribution channels for disability : the career and brokerage channel . Most planners recommend utilizing the brokerage channel because of their access to the full inventory of disability carriers . Mutual of Omaha is a leader is short term disability insurance . Standard of Oregon is a leader in long term disability insurance .


Input: Where Can You Get Disability Insurance?

Output: You can get Disability Insurance from websites like ours , that shop it for you from several companies . Or you can contact a local life insurance agent . Disability Insurance is carried by companies that usually also carry Life Insurance . But make sure that you are talking with someone who thoroughly understands Disability Insurance so that you will get the features in your policy that accomplish what you desire .


Input: What Happens If You Don't Plan For Retirement?

Output: The same thing that happens when you fail to plan ; you fail . Most working people on average will see about $ 1,000,000 in wages pass through their hands in their working career . Wisdom dictates we take a portion of that money as it comes in and put it aside to cover the times when we are not working . It is possible to not only set money aside but to place it into instruments that provide an interest payment . Money put aside over time receiving even a minimal interest can become a nice nest egg . You will enter into retirement feeling much more secure knowing you have resources in addition to expected Social Security benefits .


Input: What Happens If You Don't Plan For Retirement?

Output: For many Americans , Social Security benefits is the only retirement income they have during their golden years . Most financial advisers agree , that Social Security will not be adequate for most retirees to live on . That being the case , most retirees without additional retirement pensions or contribution plans will be forced to live at the lifestyle their economic means can provide . That reality is not a good one .


Input: What Happens If You Don't Plan For Retirement?

Output: You simply are going to need financial help from someone or some company . Social security does not provide for emergencies like the traveling expenses for a sick child or adult family member , automobile repairs , extra groceries for holidays an unexpected air conditioning repair bill or high electric bill . It is a hard habit to do but you really should put about 25 % of your income into a retirement plan . If you not good at saving then put max amount into your company retirement plan or set up an auto draft for an ira or maybe the best buy as large a participating or variable index life policy you can afford . Make your mind up and stand fast . 30 years goes by so fast you just can not imagine . I bet on my business and lost millions . only money I had left was in my life policy


Input: How To Switch Health Insurance Companies?

Output: Under the affordable care act , you can change to another health insurance plan during the open enrollment period each year . If you 're outside the open enrollment period and want to switch plans , you would need to qualify for a special enrollment period -LRB- also referred to as a qualifying life-changing event -RRB- . Since a carrier can no longer decline you for a pre-existing condition , health insurance plans are , in short , guaranteed-issue . However , changing plans may not necessarily be in your best interest . Be sure to do an in-depth comparison of your existing plans and the proposed new plans you 're looking at to see which is truly better/more advantageous for your own situation - premiums , coinsurance , copayments , deductibles , out-of-pocket maximums , networks -LRB- HMO vs. PPO vs. POS -RRB- and other factors should be taken into account . An experienced health insurance broker can help you with this review . Please feel free to contact me for further assistance . Thanks very much .


Input: Does Life Insurance Cover Illness?

Output: Life insurance does cover death due to illness . It will pay the face amount upon the death of the insured person whether they passed from illness , accident , or old age . Life insurance does not cover expenses associated with having illness while still alive , unless the life insurance policy has a `` living benefit '' feature or rider designed to cover certain types of illness .


Input: Does Life Insurance Cover Illness?

Output: Does life insurance cover illness ? Not in the way health insurance would . Health insurance would help pay for treatment costs , life insurance deals with the death of the insured . If the quesiton is will life insurance pay for death by illness ? yes , in most cases except accidental death coverage .


Input: What Happens When Your Term Life Insurance Runs Out?

Output: What happens when your Term life Insurance policy `` runs out '' or expires or lapses is all the same : Nothing . You no longer have any insurance coverage . And since Term insurance has no cash value you do n't get any kind of refund or surrender value . The only exception is if you had purchased a `` Return of Premium '' rider with your policy . I that case you most likely will receive a portion of the premiums paid in returned to you .


Input: What Happens When Your Term Life Insurance Runs Out?

Output: That is a great question ! Once your term policy ends , you will have one of two things happen . You will either both part ways like you 'd never met and done business , as there will be no further obligations on either side - you do n't owe them anything , and they owe you nothing . The other alternative is that you decide you want the coverage to last a little longer . In that case , if the policy is renewable , you contact them , and they renew it for another year , at a very healthy premium rate . Each time you decide to renew , they increase at very healthy increases . That continues until you come to your senses , or go broke . I hope that helps , thanks for asking !


Input: What Happens When Your Term Life Insurance Runs Out?

Output: Like any other insurance policy -LRB- except permanent life insurance -RRB- a term policy has a start date and an end date . Many term policies will offer renewal after the end of the guaranteed premium period , however the rate increases are usually substantial . If you can qualify for life insurance again , that might be preferable . If you have a permanent need , a permanent life policy might be more appropriate .


Input: What To Do When Denied Disability Insurance?

Output: When denied disability insurance , you have a few options to choose from . I am assuming that you do n't have an employer that can provide you a policy . 1 -RRB- You could try to contest the decline . Getting a letter from your doctor , correcting any mistakes on your MIB , or taking a new exam are all steps that we sometimes take with our clients to see if the denial can be reversed . 2 -RRB- With disability insurance , some companies will make exemptions for certain health conditions or risk factors . Rather than flat out deny you , it may be that you can shop around and find another company that will issue you a policy with or without an exception for the risk that got you declined . 3 -RRB- If you are unsuccessful in finding disability insurance after taking these steps , you can put away $ 100 or more per month so that you will have something to draw on if you were to become disabled . Think of it as paying a premium that is due every month so that you are not tempted to let it slide . It wo n't add up quickly , but it could help you save your home or car .


Input: What Is The Best Retirement Plan For A Self Employed Person?

Output: Self employed individuals have many options when it comes to retirement planning . You may consider a traditional IRA or a Roth IRA . HR 10 or Keogh plans are also an option for self employed individuals if your business structure allows it . There are also simplified plans , including simplified 401 -LRB- k -RRB- plans for small business owners .


Input: Is Health Insurance Worth The Money?

Output: Yes ! I ca n't stress that enough . The purpose of health insurance originates in the same concept as for any type of insurance - to protect yourself financially in the event of a catastrophic event by pooling the risk and shifting it to a third party -LRB- the insurance company -RRB- . In return for a monthly premium , the insurance company will absorb the risk of incurring a massive expense should something happen to the insured individual - if something does happen , they would the financial hit instead of you . In the case of health insurance , a catastrophic event can be many things - a good example is having a surgery performed . A given surgery could cost $ 100,000 or more . Could you afford to write a check that big ? Your average person would say NO . Please feel free to contact me for further assistance . Thanks very much .


Input: Does A Stay At Home Mom Need Disability Insurance?

Output: No , a homemaker would not be eligible for disability insurance , however , a stay at home mom is a perfect candidate for a critical illness insurance policy . You do not need to prove income for that type of policy . The policy would pay out a lump sum benefit to help with hospital fees , co-pays , childcare , etc. .


Input: Does A Stay At Home Mom Need Disability Insurance?

Output: No , in fact a company will not issue you a policy . Disability policies require an income and there are rules as to how much of a percentage of that income can be replaced with a disability policy . If you have no income then you do not need a disability policy .


Input: Does A Stay At Home Mom Need Disability Insurance?

Output: Does a stay at home mom need disability insurance ? Yes , I would n't argue the need , the problem would be finding a company that would underwrite a homemaker disability policy . The basic element for any disability policy is a W2 or 1099 to prove income . Without one , I ca n't think of a disability carrier that would write such a policy .


Input: How Long Will Life Insurance Last?

Output: Life insurance will last as long as you purchase it to last . The longer the coverage , the more the premium usually is . However , when you lock in the premium for a long period of time at a younger age and while having good health , it can be cheaper in the longer run .


Input: How Long Will Life Insurance Last?

Output: The length of coverage is generally settled at the purchase of the policy . If you 're under age 50 , you can secure 30 year term life insurance . Over age 50 the guaranteed periods reduce with age . If you purchased guaranteed universal life , you could be covered age 85 to age 121 , depending on the contract . If you purchased participating whole life , most of these products go from age 100 to 121 .


Input: How Long Will Life Insurance Last?

Output: How long Life Insurance will last depends on the Type of life insurance . Term insurance is designed to last for the length of the Term , -LRB- 1 , 10 , 15 , 20 , 30 years -RRB- , or until the insured dies - whichever comes first . This of course depends on the owner making the premium payments as agreed . If premiums are not paid the policy will lapse and the insurance ends . With Whole Life insurance , -LRB- assuming the premiums are kept current -RRB- , the insurance lasts for the life of the insured up to the age specified in the contract - typically 100 years . When the insured reaches that age the insurance provider will pay the owner the entire value of the policy and the contract ends . SHould the insured die before reaching the `` maturity age '' of the contract , the beneficiary will receive the benefit value of the policy - income tax Free .


Input: How Does Employee Life Insurance Work?

Output: Employee life insurance usually refers to a group term life insurance plan provided as a benefit for employees of a company . But employee life insurance can also include voluntary plans and business life insurance policies such as those used in conjunction with a non-qualified deferred compensation agreement . In some cases the employer pays all or part of the premium . Voluntary life premiums are normally paid by the employee . Group term life plans and voluntary insurance allow the employee to name the beneficiary . Business life insurance plans usually have the employer as the beneficiary .


Input: Is Medicare Coverage The Same In All States?

Output: Medicare Part A and B benefits are the same in every state . It 's also known as Original Medicare . If you have a Medigap Plan -LRB- aka Medicare Supplement Insurance -RRB- , your policy benefits are the same regardless of which state you use the plan in . Meaning , if you purchased a Medigap Plan in your state of residence , you can use the Plan and the benefits in any other state as long as you visit a Medicare approved provider . Medicare Part D -LRB- Prescription Drug Coverage -RRB- and Medicare Part C -LRB- Advantage Plans -RRB- are not quite as clear cut and depend on your specific plan benefits .


Input: Is Medicare Coverage The Same In All States?

Output: `` Original '' Medicare provides identical benefits in every state . Likewise , Medicare supplement plans -LRB- Medigap -RRB- is also identical in every state . Medicare Advantage plans will vary greatly by price and benefit not only from state to state but within a state .


Input: Is Medicare Coverage The Same In All States?

Output: Medicare is a federal program . The benefits are the same regardless of the state in which you live . Incidentally , it isnt the same should you travel outside the USA or reside outside the USA . This produces a dilemma for medical providers as the cost of services isnt the same everywhere . In some places Medicare payments are deemed adequate . In others , they are inadequate .


Input: Can I Pay My Life Insurance With My HSA?

Output: Can you pay your life premiums with HSA funds ? At this time , the answer is no . That does not mean that in the future premiums could be as we never know one year from the next what will be legislated and what wo n't . Insurance laws are changing or in a state of flux these days . Nothing is impossible .


Input: Can I Pay My Life Insurance With My HSA?

Output: No , unfortunately , it is not allowed by the IRS to pay for your life insurance premiums with your HSA -LRB- Health Savings Account -RRB- . HSA funds can only be used for Long Term Care insurance premiums , -LRB- within limits -RRB- ; COBRA health insurance premiums or health care premiums paid while receiving unemployment compensation -LRB- including premiums for spouse or dependents -RRB- ; and premiums to pay Medicare if age 65 + -LRB- but not premiums for Medicare Supplemental policies -RRB- .


Input: What To Do If Your Homeowners Insurance Is Cancelled?

Output: Homeowners policies are not cancelled very often . Sometimes a company will decide to withdraw from a market . If your company decides to not renew your policy they must give you adequate legal notice , unless it is for non-payment of premium . If the company has cancelled your coverage you can contact a reliable agent that you trust and apply elsewhere for coverage . If the cause of the cancellation is excessive claims , you might find the search difficult . There are companies that deal with hard to place homeowners policies .


Input: Can I Get Mail Order Prescriptions From Cigna?

Output: I am not an attorney but I think it only makes sense to reserve an answer to a point after an investigation so the facts do n't later exonerate you from responsibility . Our advice is always to show compassion for injured people but to avoid admitting fault until all the facts are known .


Input: Where Do You Purchase Health Insurance?

Output: Health insurance can be purchased from a number of different resources . However , to ensure you receive unbiased advice , the lowest rates and current federal subsidy information , an experienced broker and their website is your best resource . As a broker for more than 32 years , the phrase `` we shop so you can save , '' fits perfectly . It 's important to have experience and guidance on your side so you can get quality healthcare at the lowest rates .


Input: How Much Does Life Insurance Cost For A 70 Year Old Person?

Output: A million dollar policy for a 70 year old preferred non-smoker will be around $ 9785 10 year term , $ 14510 15 year term , $ 21600 for 20 year term , $ 23828 Guaranteed UL . A million dollar policy for a 70 year old standard non-smoker will be around $ 12825 10 year term , $ 22110 15 year term , $ 25930 for 20 year term , $ 32840 Guaranteed UL .


Input: How Much Does Life Insurance Cost For A 70 Year Old Person?

Output: The monthly premium for $ 100,000 of life insurance on a male non-smoker would be approximately $ 165 for 10 yr . Term Insurance , and $ 338 for whole life insurance . Even at that age there may be preferred rates and other options . Medical conditions often play a major role in pricing policies for people above age 60 .


Input: Is Life Insurance A Liquid Asset?

Output: That 's a great question ! By definition , a liquid asset is one that you can readily obtain , and move . Your life insurance , especially if it is a term policy , does not fit that description . Term insurance has no value unless you pass away during the term , and you ca n't use it if you wanted too , then . Whole life does have a portion of it that can be used for cash , but again , it takes years to develop a sizable amount , and the big benefit does not pay out until you have passed . There are companies out there that will buy your insurance , for a discounted cash sum , but even then that would not fit the description , or be a wise financial move . Thanks for asking !


Input: Is Life Insurance A Liquid Asset?

Output: A liquid asset is property which you can easily and immediately dispose of for cash . Such as a Savings Bond or a Treasury Bill -LRB- loss may occur -RRB- . With life insurance , you can only dispose of it , if it is permanent not temporary -LRB- term -RRB- insurance , for cash . And then if you do dispose of it , you will have to pay tax on anything over the basic cost . It pay off , and pays off in dramatically large amounts , only if you hold it until death . A way to avoid the tax problem and to get immediate cash , is to borrow against permanent insurance for IMMEDIATE CASH . This would make the policy a liquid asset under these circumstances , and tax free to boot . Thank you . GARY LANE .


Input: Is Life Insurance A Liquid Asset?

Output: That is a great question ! Technically speaking , no , it is not . A liquid asset by definition is one that is easily moved , like cash , checking or savings accounts . Something like an unrevokable trust , annuity , or life insurance policy is n't , because you can not readily get your cash . In the case of life insurance , the big payout does n't come until after you 've passed , when you ca n't use it . There is a portion of it , assuming you 've a whole life policy , but that is considered a loan , and not free cash . Hope that helps !


Input: Is Life Insurance A Liquid Asset?

Output: This is a question best answered by a CPA if you 're asking in regards to tax purposes . Generally speaking , it 's not a liquid asset . Life insurance is a contract that says that if the insured dies during the life of the policy , the insurer will pay the beneficiary the stated death benefit of the policy . If you have cash value that has built inside the policy , you can borrow against it . Please note , borrowing from your cash value is a loan and is expected to be paid back . You can also elect to cash out the policy by terminating it and taking the cash value -LRB- less any surrender charges , loans , or interest left on the policy -RRB- . Before you terminate coverage to take the cash value , you may want to consult with your agent to make sure it 's the best move for you . There may be other things to consider that you 're not aware of/thinking about -LRB- e.g. protecting your insurability , what can happen if you needed/wanted coverage again , etc. -RRB- . Please feel free to contact me if you have any questions . Thanks very much .


Input: Does medicare cover exercise equipment?

Output: Medicare does not cover exercise equipment , however if you have medicare part a and part b you could possibly get a medicare advantage plan which they provide a free gym membership . There are many benefits you could receive and i believe the best thing to do is speak to a medicare specialist .


Input: Is Car Insurance Required In Every State?

Output: No , not every state . As of the last time I researched this there was only one state that did not require auto insurance coverage . Do n't put yourself or your family at financial risk after an accident by not have auto insurance coverage . It retatively inexpensive compared to the benifit received should you be involved in an accident .


Input: What's Long Term Disability Insurance?

Output: Long term disability insurance is a form of paycheck insurance that allows you to pay your bills when you are totally and permanently disabled . Each plan is different but most require you to be disabled for at least 90 days , some longer . Benefits can be payable for 2 years or life .


Input: Is Renters Insurance Needed?

Output: Personally , I feel if you are renting you renters insurance . Without renters insurance if you were to experience a fire or other covered loss you would have to foot the bill to replace your personal items and the first months rent for another place to live . Renters insurance is typically very low cost . Contact a local agent to discuss coverages available in your area and the pricing associated with it .


Input: Why Do Republicans Hate Medicare?

Output: I do not believe that Republicans -LRB- or Democrats -RRB- hate Medicare . Both parties -LRB- I hope -RRB- want to save Medicare so that it will be available for many many more years . Unless certain changes are made , Medicare , as we know it now , is at risk . It is true that both parties differ in how we will solve this problem , but as an experienced impartial broker with more than 30 years of experience , I do not believe that Republicans hate Medicare .


Input: Is It Ok To Have Multiple Life Insurance Policies?

Output: It is permissible to have more than one life insurance policy , as long as you qualify financially for the total amount of coverage . Sometimes , having a combination of Term and Permanent insurance can better suit your needs and save you money . Sometimes , people want to carry separate policies because they do not want their beneficiaries to see what each other got . Some people carry both business and personal policies . Some like to diversify the companies they use . Some simply want to patronize a friend or relative who is starting to sell life insurance . If it is economical and suits your needs , it is perfectly OK to carry multiple policies . If you are being pressured to buy multiple policies and just ca n't say no , contact a professional to help you sort out what you do and do n't need .


Input: Is It Ok To Have Multiple Life Insurance Policies?

Output: Yes , it is okay to have multiple life insurance policies . Insurance companies when they underwrite policies look at the amount of insurance in force , not the number of policies . Depending on your individual circumstances it may or may make sense , though.It is probably more out of pocket for you to have multiple policies . Since you would be paying multiple the policy fees and missing out on possible volume discounts . Since individual circumstances are different , I suggest you contact an independent insurance professional for advice . 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: Is It Ok To Have Multiple Life Insurance Policies?

Output: Not only is it OK to have multiple life insurance policies I find in most cases it is prudent to have a few . Life insurance policies should be graduated in most cases with permanent meaning whole life , universal life , etc. and term life insurance . You want to stagger term policies to expire as needs change such as children finished college , mortgage has been repaid , etc. .


Input: How Do I Make A Retirement Plan?

Output: Now a days retirement plans , can be started for as little as $ 600.00 per year , or $ 50.00 per month.Annuity IRA 's can also offer great upside potential , with no downside risk . manynow include income riders , that guarantee an income growth , provided the funds are taken out in a stream of income , rather than a lump sum . Income riders can still be obtained offering as much as 10 % simple interest . Growth continues until distributions begin , in most cases . Any distribution taken from a Qualified Fund such as an Individual IRA , are subject to penalties , if withdrawn prior to 59 & 1/2 . Speak with your tax adviser on your specifics .


Input: How Long Does It Take To Get Insurance Money From Car Accident?

Output: Most insurance carriers try to settle claims as quickly as possible . I have heard of claims being settled within hours on the short side , but I would say that the average is within a few days . If you feel that your claim is taking too long contact your local agent , so that they can try to help you get a resolution sooner .


Input: How Long Does It Take To Get Insurance Money From Car Accident?

Output: It depends on whether : 1 -RRB- Any personal injuries claimed . 2 -RRB- Insurance company accepted the liability 3 -RRB- Any legal representation or anticipated litigations If an insurance company has accepted the liability , they may take care of the payment within a matter of days . However , when there are personal injuries , and medical help is being provided , it is usually advised to wait until the medical provider signs of on the last bill .


Input: What Is Considered Accidental Death Life Insurance?

Output: Accidental death and dismemberment life insurance -LRB- AD & D -RRB- provides your beneficiaries a death benefit amount only if you die in an accident ordismembermentof a limb , loss of eyesight , etc. . Every companies definitions have legalnuances , so it 's important to know what the policy does before a claim .


Input: Is Renters Insurance Mandatory In Michigan?

Output: Renters insurance is not mandatory , however it 's a good idea to have and affordable . Your landlord policy only covers the structure and not your personal items . It may even help reduce your auto policy by having renters insurance . Renters insurance policies cover medical bills for someone hurt when they visit you , it covers liability claims in case someone is injured on your rented property as well . It also covers your personal items in case of fire or a complete loss . Allen Beach


Input: How Much Does Disability Insurance Pay?

Output: While the typical monthly benefit is 60-65 % , there are others types of policies you can get to ensure that you 're fully covered . Many people also purchase critical illness insurance which pays out in a lump sum benefit as soon as you 're diagnosed with a covered illness . Other people often get DI retirement security , which ensures that your retirement savings are protected along with your monthly income .


Input: How Much Does Disability Insurance Pay?

Output: Disability insurance will pay whatever the amount is that you choose to take out . The max is usually about 60 to 80 % of your income . There are guidelines on this to prevent a person from abusing the system and encourage them to return to work as soon as possible .


Input: How Much Does Disability Insurance Pay?

Output: You would have to refer to your policy to determine what it may pay in the event of a claim . There are three policy features that impact claims payments . The elimination period describes how long you must be disabled before benefits begin . The monthly benefit amount describes how much the policy pays while disabled . The payment duration describes how long benefits payments continue . Every policy has different combinations of those three basic elements .


Input: How Much Does Disability Insurance Pay?

Output: When you buy your individual disability insurance policy , you can choose how much of your income you want to replace . Of course , the higher the percentage of coverage your choose , the higher your policy premium . Most private policies allow you to replace about 70 % of your original work salary .


Input: What Is The Long Term Care Insurance?

Output: Long Term Care Insurance is insurance that would pay for your care if you had to go to a nursing home or hire other types of assistance , because you were unable to care for yourself . Long Term Care -LRB- LTC -RRB- policies of the past would only pay the benefit if the insured person had to go to a nursing home . But LTC polcies now can be purchased that would pay for someone to come into your home to care for you , or for you to attend Adult Day Care while the child you were living with was at work . LTC insurance also protects your assets from being liquidated to pay for long term care costs .


Input: What Do You Need To Know About Long Term Care Insurance?

Output: The most important item in long term care insurance products is the contractual definitions of its benefits . The policy language of dictates when and how assisted living care and nursing home benefits work during a claim . Second , is the financial strength of the carrier issuing the contract . Everything else is just premium pricing .


Input: Do You Need To Have Homeowners Insurance In Nevada?

Output: It is not required to havehomeowners insurance in Nevada . It is requiredby mortgage companieswhen you have a loan for the home . There are many reason to have home insurance even if it is not required . Some benefits of having this coverage is that it provides you liability coverage , personal property replacementand addtional living expense . If you have any more questions about home insurance you can give me a call at 702-609-9290 or visit my website to get a quote . WEBSITELINK


Input: Does Farm Bureau Drug Test For Life Insurance?

Output: For their life insurance policies that have medical underwriting , Farm Bureau does drug test for life insurance . Farm Bureau also offers simplified issue life insurance that usually does not require any testing of bodily fluids . When no oral swabs , bleed tests or urine tests are done , there is no drug testing done . However , there are questions about drug use on the application .


Input: How Much Does Business Auto Insurance Cost?

Output: Business auto insurance is based on a number of various factors - type of vehicle , GCVW -LRB- Gross combined vehicle weight -RRB- , radius of operations , and how the vehicle is used . There can also be some State and/or Federal filings that need to be made which can increase the cost of your insurance policy . Check with your LOCAL INDEPENDENT insurance agent in your area for additional info .


Input: How To Take Money Out Of Retirement Plan?

Output: Count yourself lucky that you have this problem . Less than 20 % of workers have a pension plan to consider . You are asking the ultimate question though . Spending down your pension is a major issue as the pressing concern for most retirees is to control their assets so they dont live longer than the assets can provide . There are specialized representatives who work in this area and you might do well to consult with someone with the RICP designation .


Input: How To Take Money Out Of Retirement Plan?

Output: This is a tough question . How old are you ? What is your health ? And why are you taking the money out ? If you are older than 59 1/2 , you can request a distribution form from your plan sponsor or employer . The form will ask whether you want to take a single distribution or a series of systematic payments . If it is not going into a Rollover IRA , the sponsor usually withholds the taxes on your behalf and you would get the net amount paid to you either in a check or an EFT . If you are YOUNGER than 59 1/2 , there is a 10 % excise tax that is charged -LRB- premature withdrawal -RRB- by the IRS . So if you can , try and avoid withdrawing funds prior to your retirement and do a LOAN instead . That way you are paying yourself the interest on the loaned portion of the 401K funds , and not a bank . Depending on your plan , you may also be able to take out what they call `` in service '' distributions . These allow you to transfer your funds into IRA accounts and diversify your investments for retirement . And thanks to a recent IRS change , you can even move funds from your Retirement and create a guaranteed income stream -LRB- provided by the carrier that you purchase the product from -RRB- through a Deferred Income Annuity . Think of this like buying a defined benefit with your retirement assets that you can never outlive . I hope that this answers your question .


Input: What Coverage Should I Get For Home Insurance?

Output: When you establish a Home Insurance policy , some of the coverage is automatically included , and some of the coverage is optional . Let 's take a look at the included coverage first . Coverage A - Dwelling : This is the primary coverage for the policy and dictates the amount of some of the other included coverage limits . This is the amount that the insurance company will pay up to in the case of any claims . From a simple window breakage due to storm damage , or a total loss due to fire , the maximum the policy will pay during any one policy period -LRB- typically a year -RRB- would be the amount shown on this coverage Coverage B - Other Structures : This coverage is for fences , detached garages , unattached decks or gazebos and etc. . The limit on this coverage is typically a percentage of Coverage A , for example 10 % of the amount of your dwelling limits . This coverage is in addition to Coverage A , meaning if a loss damaged more than just the dwelling , you can collect on both . Coverage C - Personal Property : This is the limit the policy will pay to replace your belongings , furniture , clothing , and etc. . Typically this is 50 % of Coverage A , and again this is in addition to Coverage A. Coverage D - Loss of Use : If there was a claim initiated on your property , and you had to find temporary residence while repairs were being made , or the home was simply no longer livable , this would be the coverage that would apply . Typically this is 30 % of Coverage A and would be in addition as well . On top of these coverage limits , you can have additional coverage through either automatically included or optional extensions of coverage . These can include , but are not limited to : Debris Removal ; Cyber Theft Protection ; Credit Card and Forgery ; Trees , Shrubs and Plants ; Fire Department Service Charge ; Ordinance or Law ; Glass Breakage ; and additional riders to increase personal property coverage above limits . For example , the policy might restrict replacement of Money/Gold/Coins to only $ 200 per claim . Or Jewelry , Furs , Precious Stones to $ 1000 per item / $ 5000 per claim . These riders would increase coverage for those specific items you might have that are of greater value . Finally , there is coverage for Personal Liability , which is included in most policies , but is not calculated as a percentage of Coverage A. Typically the limits provided for this coverage start at $ 100,000 and can be as high as $ 1,000,000 or more in some States . This coverage would apply if you were ever personally sued for any activity other than a vehicle accident , as your auto policy would cover that . I know that 's a lot to think about . I highly recommend you meet with a licensed insurance agent in your area to have them walk you through all of the options available and help select the right amount of insurance for your individual needs .


Input: Can I Get Life Insurance With Skin Cancer?

Output: It depends on the type of skin cancer . Basal cell is the least evasive . Underwriters want to see the severity , location and number of occurrences within a certain time period . The more serious types of skin cancers such as melanoma or a sarcoma can be so serious the risk could deem you uninsurable . Because there are so many factors and degrees of skin cancer I would use a trusted independent life insurance broker who can deal with multiple companies ' underwriters to find the best offer on life insurance before you apply . Making a mistake can cause a mark on your Medical Information Bureau or MIB report which can follow you for many years to come when applying for personal insurance like life , disability , long term care , etc. .


Input: Can I Get Life Insurance With Skin Cancer?

Output: Great question ! The answer is absolutely ! There are two types of skin cancer , one more serious than the other . If you have the simpler , more common type , it is n't generally anything that will affect your policy . They remove it , and you are cancer free . The other type is a little more serious , and can affect your policy . If you 've had this type , you can still get a preferred policy if it was in your past , and you 've not had it since . If you are fresh out of it , or had ongoing struggles , there are still policies that you can purchase . They may have a period of time where the benefit paid is reduced , and will be more expensive , but they can be purchased . If you need more information , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Can I Get Life Insurance With Skin Cancer?

Output: If your skin cancer is basal cell carcinoma , you can usually get life insurance at preferred ratings , as long as your other health is preferred . If it is squamous cell carcinoma , the insurance company will want to know if there was no recurrence after removal , and the stage of your cancer , if you know it . You can possibly be rated as good as standard after a year of being cancer free , and possibly better after extended years of showing no signs of skin cancer . With melanoma , it is treated like any other internal cancer . There will be a waiting period of at least a year to get a medically underwritten or simplified issue policy -LRB- unless perhaps the melanoma was in situ , or stage 0 -RRB- . If it was over stage 3 , there will most likely be a flat extra added for a while . But you can still get coverage . In time , the rates will go down as you hopefully remain cancer free .


Input: What Will Term Life Insurance Pay For?

Output: Term Life Insurance will pay a death benefit upon the insured person 's death that goes to the beneficiary or beneficiaries named in the policy . These beneficiaries can use the death benefit as they desire . If the beneficiary is a trust , the trust will specify how to use the death benefit . There is no cash value in Term life insurance , so a Term policy will only pay after the insured person passes away . An exception is if there is a rider or feature of the policy that allows part of the death benefit to be used while still alive . This access to some of the death benefit while still alive can be triggered by diagnosis of a terminal illness , chronic illness or critical illness , depending on the policy .


Input: What Will Term Life Insurance Pay For?

Output: A Term Insurance plan will pay it 's death benefit upon the death of the insured . The question you might ask , ` What is the probability of the insured dying during the term insurance plan 's coverage period ? ' You no doubt heard the radio & TV commercial where an agent state ' I just got a 40 year old client $ 500,000 of coverage for less than $ 25.00 / mo. etc. ' FYI : Statistically that healthy client only has a 0.08 % of dying during the 10 year coverage period . To say it another way 99.2 % of clients will live to the end of the plan 's coverage and then be 10 years older and may or may not be able to qualify for continued coverage You should only buy the ` Right Kind ' of life insurance plan -LRB- Term , Permanent , or Reversionary Annuity * -RRB- and for the ` Right Amount ' dollars that fit your Survivors need for cash and lifetime income upon your death . Remember , the only good life insurance plan is the one in force on the date of your death . By design , A Reversionary Annuity is a life insurance plan that pays your Survivor a Lifetime of income . It is much more affordable than other permanent insurance plans .


Input: What Will Term Life Insurance Pay For?

Output: Term Life , like any life insurance can be used to pay for whatever the beneficiary wants it to pay for . Final Expenses , Mortgage , debts , a new car , a new home , invested , it does n't matter . This is why I suggest you purchase private insurance rather than the mortgage term insurance you are offered by your bank . Banks mortgage term usually lists the bank as the beneficiary , meaning if something happens they get the money and pay off your mortgage . You lose the flexibility private insurance offers . Your spouse may not want to pay off the mortgage . It may make more sense to invest the money and pay the mortgage out of the interest or care for another more pressing need .


Input: Does Renters Insurance Cover Theft Of My Car?

Output: Theft of a car is covered by the comprehensive portion of an auto policy . It is not covered by a tenants policy . Many tenants policies cover motorized vehicles used to service your home and are not designed of licensed for use on public roads . This would be a riding lawn mower or like item .


Input: Does Renters Insurance Cover Theft Of My Car?

Output: It should . There are typically exclusions or limitations to certain items , so always check with your agent -LRB- if you 're luckyenoughto have one -RRB- . You mustprovethe loss and the amount and you cannotreceivemore than the policy limits or the per item limits . Property coverage on your renters insurance policy will also cover items in a garage or storage unit or while traveling .


Input: Does Health Insurance Cover Lipoma Removal?

Output: More often than not , surgical removal of a lipoma is not covered by health insurance . A lipoma is a benign soft tissue tumor that reside below the skin . They are usually soft to the touch and not painful . More often than not removal is done for cosmetic reasons . Health insurance policies cover treatment that is medically necessary . If the tumor is large and creating other medical issues -LRB- such as pressure on a nerve -RRB- or if tests reveal the tumor is liposarcoma your health insurance may cover removal .


Input: Does Home Insurance Cover Water Main Leak?

Output: The actual pipes -LRB- Plumbing -RRB- from leaking or bursting is excluded on a homeowners policy . However the damage the burst caused the dwelling could be covered . In the case of a leak coverage would be more difficult to determine if the leak has been occurring over a long period of time . A water main is usually away from the house so the chances of damage to the dwelling are low . The big question to ask is `` Was there any damage to the dwelling '' ? . If there is no damage to the dwelling you can immediately figure out there is no claim to be made . Leaks in general are just part of common maintenance of a homeowner . Always contact to agent to discuss the details of your particular situation to help determine if there is coverage for a water main leak .


Input: What Is Optional Term Life Insurance?

Output: Optional term life insurance is additional coverage that you can buy through your employer that is above the amount of life insurance benefits provided through an employee benefits plan . Your employer typically pays the premium for the coverage through the employee benefits plan and you pay the premiums for any `` optional '' term life insurance that you buy .


Input: What Is Optional Term Life Insurance?

Output: I believe the `` optional term life insurance '' you are referring to is under an employer sponsored group life insurance plan . The employer pays for a certain amount of term life under a group policy and the employees eachhave a certificate of coverage . The face amounts are usually lower or tied to the employees salary . For example , `` Joe '' makes $ 50,000 per year and his group life pays 2.5 times his annual salary . `` Joe 's '' face amount is $ 125,000 . The optional rider allows the employee to purchase a larger face value at the expense of the employee . These can be good for people with insurability issues . However , if you are healthy and can qualify for life insurance on your own , it is much more affordable to buy a plan outside of work on your own .


Input: Does Credit Rating Affect Home Insurance?

Output: It can depending n the company . A persons credit rating has a direct correlation with claims , according to statistics . Many insurance companies run an insurance credit score . The better the score the greater the discount you may get . There are many factors involved in the insurance score , credit is just one of those factors .


Input: What Is The Free Look Period On Annuities?

Output: It is a stated period of time after the policy has been issued during which the owner of the annuity can cancel the annuity . The owner will receive the sum of premiums paid . This period is brief but designed to make sure that the annuity is exactly what the owner wanted .


Input: Why Must Employers Provide Health Insurance?

Output: Only employers with more than 50 employees are required to provide health insurance . Employers with less than 50 employees are not required to provide health insurance under the Affordable Care Act . If an employer has more than 50 employees , they must either provide health insurance or pay a fine for each uninsured employee . This requirement was put in place with the idea that large employers have a responsibility to society and their employees to provide for their health needs .


Input: What Is The Time Limit For Filing An Auto Insurance Claim?

Output: You are required to notify your insurance company of a claim in a timely manner . It is a good rule of thumb to pick up the phone sometime the same day of the incident , if possible , and notify your agent . Most companies have a dedicated claims `` hotline '' that you can call . Often it is printed on your insurance ID card which you should have in your glove box in the car . If you have an accident , first be sure to check the condition of everyone in your car as well as the other then contact the police and , if necessary , Emergency Medical Services . If you have a camera or a phone with that capability , photograph the scene . Be sure not to sign any written statements at the accident scene . The investigating police officer will often prepare a preliminary reportand provide you with a copy . The formal report will be available to you and your insurance adjuster usually within a few days . Finally , if your car is going to be towed remember to remove all of your personal belongings .


Input: What Is Medicare Look Back?

Output: The Medicare look-back rule of thumb is 3-5 years . This specifically refers to giving away assets for the purpose of protecting them . Make sure you and your accountant are aware of the Deficit Reduction Act -LRB- DRA -RRB- of 2006 and that you are in compliance . Otherwise , you 'll find it 's tough to beat the system an your assets are n't protected the way you thought . Just keep in mind that if the gifts were given outside the look-back period then there is no disqualification . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978 ... I would love to hear from you .


Input: When Can I Take A Loan From My 401K?

Output: Loan provisions under a 401 -LRB- K -RRB- plan are subject to the plan approved by your employer . That plan must comply with ERISA , a federal regulation . The decision as to when you can borrow against your 401 -LRB- k -RRB- has been made by your employer and that includes the conditions under which a loan will be allowed . There is also a vesting schedule if the employer is contributing to the 401 -LRB- k -RRB- . Check with your HR representative .


Input: When To Buy Annuities?

Output: A good time to consider tax deferred annuities is when your tax bracket is high and you have long term financial goals . It 's also a good time to consider annuities when you'e a CD purchaser . Tax deferred fixed interest rate annuities general pay more than bank CDs and the earnings are deferred until you use the money , unlike CDs .


Input: What Does The Average Life Insurance Agent Make?

Output: That is an excellent question ! The answer will depend upon the agent . If you are looking for a career in the insurance industry , there are a couple of things that you should know . You can make a great living , if you have the following traits : A thick skin , -LRB- there is a lot of rejection -RRB- a genuine desire to help your clients -LRB- if they sense that you are looking at them like they are this month 's rent , you 've lost the sale and you do n't know it yet -RRB- , and a great drive to be out in the field working . If you are looking for a steady paycheck kind of job , unless you are always on the go , and very good at sales , this is n't that kind of career . There will be good months , and some not so good months . The company that you work for , and the commission that you earn for their policy types will also play a big part in your earnings . If you would like some more insight , please drop me a line , I 'd be happy to discuss this with you . Thanks for asking !


Input: What Does The Average Life Insurance Agent Make?

Output: First you have to define what an Average Life Insurance Agent or Broker is . I consider Average to be someone who has been in the business for about 5 years , has their niche set and devotes his -LRB- her -RRB- time to their business , their career . That being said , I see `` average '' agents -LRB- brokers -RRB- netting approximately $ 65k per year .


Input: Does Medicare Help Pay For Lift Chairs?

Output: I believe Medicare can help pay for a lift chair , if there 's a medical necessity -LRB- for those with severe hip or knee arthritis , or a neuromuscular disease , and can not get up from a seated position to stand on their own -RRB- , as a type of durable medical equipment -LRB- DME -RRB- under your Medicare Part B insurance . Part B would pay 80 % of the cost and you would be responsible for the remaining 20 % . I 'd recommend calling Medicare to get more specific input .


Input: Does Progressive Provide Renters Insurance?

Output: Great question ! I do not deal with Progressive , but I have used them in the past , and I 'm fairly certain that their focus is on Auto insurance specifically . You can call and see for certain , but I have never met an agent of theirs that sold anything but auto . Thanks for asking !


Input: What Is A Modified Endowment Life Insurance?

Output: After June 21 , 1988 , a modified endowment -LRB- life insurance -RRB- contract -LRB- MEC -RRB- set new rules for single deposits into permanent cash value life insurance under TAMRA . After that date , a MEC cash values were treated like an annuity for income tax purposes , but death benefit proceeds -LRB- for most scenarios -RRB- remained tax free . A new seven pay test was introduced to restrict the over funding of premium in the early years of a policy . Any violations of this rule also creates a MEC .


Input: What Is A Modified Endowment Life Insurance?

Output: Modified Endowment Life Insurance is life insurance that builds up cash value so rapidly that it loses favorable tax treatment by the IRS . If any withdrawals or loans are taken from a Modified Endowment Contract -LRB- MEC -RRB- , income tax is charged , and a 10 % penalty is usually charged if taken out before age 59.5 . This type of contract is best for people who do not foresee a need to borrow from their life insurance while they are alive . Instead they are using it to transfer wealth .


Input: Does Health Insurance End After Divorce?

Output: Yes or No , depending on a few things like size of the employer size . If below 20 employees -LRB- at work on a daily basis -RRB- it will depend on if the plan offers it and could vary by state to state . It would be important to read your plan booklet to find if provisions are made for such a thing . With groups of 20 or more , COBRA law can extend coverage -LRB- at your expense -RRB- for up to 36 months .


Input: How Long Can You Have Term Life Insurance?

Output: Most term policies can not be purchased to last past age 80 at a level premium . If the term with the guaranteed level premium is past , and you are in the annually renewable part of the policy , that may allow the policy to last to age 90 , but the premium will be extremely high .


Input: How Long Can You Have Term Life Insurance?

Output: Many insurance providers limit the age of people they will insure to age 80 . Some will allow up to age 85 . There may be exceptions in the case of guaranteed renewable Term policies , and then the answer becomes , `` As long as you can afford to pay the premiums '' ! Even then there will be an upward limit to the age that is deemed insurable . It 's all about mortality risk .


Input: How Long Can You Have Term Life Insurance?

Output: You can keep term life insurance until the expiration date of the term which is usually past the initial term at a much higher rate . For example , if you purchase a 20 year level term life policy the term expires in 20 years and premiums will increase usually ten fold annually , but the policy will stay in force for another 20 years providing you pay the increased premiums .


Input: How Long Can You Have Term Life Insurance?

Output: Term life insurance keeps the premiums fixed and guaranteed for a specific number of years -LRB- e.g. 10 , 15 , 20 , 25 , or 30 years - unless you have an age-banded policy where it increases every 5 years as you enter the next age bracket -RRB- . After the term period has expired , the premiums change to annual renewable term insurance and increase each year -LRB- based on age -RRB- . You can elect to continue the existing term insurance policy up until age 95 -LRB- with most policies - some may be up to age 90 -RRB- , however , the price to keep that policy in force becomes astronomical and you would never pay it past the first couple of years -LRB- if at all -RRB- . Most people replace a term insurance policy with a new term or permanent policy . Permanent insurance is designed to cover you for the rest of your life . The only way a permanent insurance can expire early is if it 's `` dialed down '' - meaning the death benefit is designed to only go to a specific age/policy year -LRB- e.g. dialed down to age 90 -RRB- . Dialing down a policy can be useful to reduce your premiums , but still provide good coverage longevity . 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 Long Can You Have Term Life Insurance?

Output: That 's a great question , the answer is you can have term life insurance as long as you want . There is a 10 20 30 year term and when one term expires you can renew , the only thing is that you do n't get cash accumulation , meaning you can take money out of a term . The policy I like the best is a index universal life , it is a life insurance policy that is tied with the s and p 500 and if the market goes down you do n't lose any money .


Input: When Is The Best Time To Purchase Long-Term Care Insurance?

Output: The best time to purchase long term care insurance is when you 're young and healthy . Most adviser begin addressing long term care insurance with their clients around age 50 , but many pres seniors purchase it around age 60 . If your family has a predisposition to chronic health conditions or nursing home confinement , you may want to consider purchasing it sooner than later .


Input: Does Renters Insurance Cover Water Leaks?

Output: That is going to depend on the cause of the water leak in the first place . If the damage to your property that was caused by the water leak was caused by a covered incident then you may be covered . Please read your policy completely to understand the coverage that is provided and any exclusions that there may be .


Input: Does The Car Title Have To Be In My Name To Get Insurance?

Output: Technically no , you do not have to own the title of the car in order to insure it . This is based upon the basic insurance premise that you have to have an interest in something in order to insure it . Interest , however , is not specifically defined . For example , you can rent a car , which is in your care , custody and control you can have it covered under your personal auto policy . Or , a business can insure non-owned autos , which covers its employees and their personal autos when being used for business . In summary , you just have to have an insurable interest to insure a car , which does not necessarily mean ownership .


Input: When Can I Go On Medicare?

Output: People typically go on Medicare Part A & B when they turn age 65 . From there , they decide on getting a Medicare Supplement or a Medicare Advantage plan to cover what Medicare Part A & B does not cover . If you are on a group plan from an employer you may be able to delay getting Part B until you retire . Some folks can go on to Medicare before age 65 if they have certain health issues .


Input: What Is The Best Drug Plan For Someone Taking Around $300 Per Month In Prescriptions?

Output: I assume that these are not being covered by insurance or the $ 300 per month cost you refer to is your portion of an insured claim . I 'd suggest shopping around and trying out several of the new Prescription Discount Cards that are on the market now . Some 6 million people have those and they are free and can often provide huge savings at the counter . Try some and show them at the counter and see if there is a savings . Also try them at different drug stores as drug prices vary wildly among sellers in the $ 300 billion prescription drug market .


Input: Does Credit Score Affect Life Insurance?

Output: Credit score usually is not a consideration for life insurance underwriting . However , if the face amount applied for is large enough to require a telephone interview or full blown inspection report , an applicant 's financial habits may come into play . While a person 's credit score does not have a direct bearing on the underwriting of the case , a bankruptcy may be considered by the underwriter .


Input: Does Credit Score Affect Life Insurance?

Output: Your credit score could affect your life insurance offer . Every life insurance underwriting includes not only medical investigation on some level depending upon the amount youre applying for , but your financials not only to justify the coverage , but to assess your credit worthiness . Poor credit scores could affect your premium payments .


Input: Does Credit Score Affect Life Insurance?

Output: Your credit score is usually not reviewed in life insurance policies that have smaller face amounts , or in No Exam life insurance . However , I have seen a policy postponed simply for a very poor credit score because of the substantial premium it required . So the answer is `` it depends '' , but it is very , very rare for a policy to be affected by credit score .


Input: Are Insurance Agents Necessary?

Output: You can buy most types of insurance without an agent . But it does n't save you any money . You pay the same . The agent is someone who understands a lot more about insurance than you do . He helps you avoid mistakes . When people are left to their own choices they make huge mistakes with insurance . In fact they tend to put huge importance on BRANDS of insurance rather than the specifics of their policy . That 's a huge mistake . You can buy without an agent . And I am an agent so I might be biased but if you show me 10-people who bought insurance without a good agent I can show you 10 - people that I can give much better choices to . The problem is most agents are less than 1-year on the job and only know a little more than you do . When you choose your agent the first thing you should ask is how long they have been a full time insurance agent . Over 5-years is good . Less than 2-years is real bad . Let them learn on other people . Also ask if the are independent or work mainly for one company . If they work mainly with one company , that 's not good unless you do n't care about price and value . Your agent is free for you . Interview several . Fire them if they do n't fit well with you . Use them to your benefit .


Input: Are Insurance Agents Necessary?

Output: Insurance is a personal product . One size doesnt fit everyone . The most important part of the insurance buying process is setting the limits . If a policy fails to provide the necessary protection when you experience a loss , you will be dissatisfied and you will have paid far too much for your coverage . A trusted agent will listen to you , offer sound financial advice and communicate clearly with you and the insurance company . His advice in setting limits offsets any savings you might get through an alternative distribution system .


Input: Are Insurance Agents Necessary?

Output: As a big do it yourselfer , the answer is maybe ? It depends on what your situation is and how adept you are on gathering information and making a good decision from all the information out there . I mean I like to work on my cars and trucks . I can do many things myself and feel really good about it . However , I do still use my trusted mechanic for the things I simply am not good enough to do myself and that way I avoid putting my family at risk . As another noted , there are absolutely no price savings in going without an agent . The laws in most states prevent any discounting for doing it yourself . It never ever hurts to become informed about a product . I have taught my son the doctor , how to frame a house , wire a house and have a general understanding about construction . He 's a doctor now , and yes , that is fun to say , he has learned enough about how to build that when he decides to build , he can have a good conversation with a builder and know when to call shenanigans or not . By all means it pays to educate yourself , but understand that an open mind is required to educate yourself .


Input: Are Insurance Agents Necessary?

Output: The internet has made it much easier for the consumer to purchase auto and home insurance online . However from my experience most clients still do not understand thecoverage ` sthey are purchasing and often leave huge gaps in their coverage . Also has a clients portfolio builds and insurance needs become greater an agents knowledge and experience becomes invaluable in offering protection to consumers . Now as it pertains to business this is something that takes years of educating just for agents . Consumers should never try to purchase on their own business insurance without consulting an agent as the needs are vast and many . The wrong coverage for your business can destroy your entire livelyhood .


Input: Are Insurance Agents Necessary?

Output: You can buy all types of insurance without an agent , but as an independent agent myself , I like to think that I can bring a certain level of knowledge to the client that is n't easily obtained via other means , such as the internet . As some have said , people tend to look at the insurance carrier as a primary driver of what to choose , but there are so many other factors to be considered . In cases where full medical underwriting is involved , I can quickly give someone an idea of how different companies might view a health problem and set the expectation of what may happen to the rate in the end . While one company may increase the final rate for a given condition , another company might offer a policy at the standard rate . Also , having had lots of other client experiences to draw from and company contacts at the various carriers , I can offer help navigating the system after the purchase is made . Education , guidance and service is what I provide for no more than you 'd pay buying direct . So , you may not `` need '' someone like me - but you certainly might `` want '' the services I can provide .


Input: Are Insurance Agents Necessary?

Output: I love this question ! The answer is found all over the internet . Yes , the same internet that you used to buy insurance . Look at the reviews on Yelp and others to see what kind of feedback -LRB- complaints -RRB- people are posting . The moment you begin to choose your insurance based solely on the price , you 'll begin to run into problems . Claims not handled to your satisfaction and the inability to get anyone on this continent to talk to you about it . You may save a few bucks when you purchase your insurance but you 'll lose in the long run . A good agent does something a website can never do ... care . If you have a problem with the way my company handles a claim you can walk right into my office and talk with me , and I 'll listen and do whatever I can to make you happy . I 'm accountable for the services that I provide . Flo or the Gecko will try to sell you on the idea that all insurance is the same and the price is the only thing that matters . Nothing could be further from the truth . Will Flo tell you that you 're grossly underinsured and , god forbid , you get sued , you could be paying for the rest of your life ? Nope . But a good agent will , and it probably would n't cost that much more . The internet has n't made the insurance agent obsolete . On the contrary , it proves why you need a good one . Insurance is n't a simple point and click product . There are many different aspects that fit together to make it work for you , and it 's different for everyone . I 've never had a client tell me I 'm overcharging them after we 've rebuilt their home . Will the lizard show up at your home at 2am when your house is still burning ? I have , it 's what I owe my clients . There are bad agents out there , I 'll admit . I 've met quite a few . However , most good agents take their responsibility seriously and they truly care about their clients . So , in summary , agents are necessary only if you want someone who cares about covering your family correctly .


Input: Are Insurance Agents Necessary?

Output: Your insurance is only as good as your agent . An Agent can provide you personal service as most online carriers you can not get this type of service . In many cases you can get a better rate from an agent because they listen to you and what our needs and make sure you are properly covered . I have thousands of time Beat the online rate with the same carrier even . It really comes down to personal preference . Some say they like the online because it is 24/7 That is ok also But our clients We personally answer the phone 24/7 I can count on 1 hand how many times a client has ever had to leave a voicemail . If your looking for just numbers and no service then by all means online is the way to go just make sure that you are properly covered and also make sure that they can even sell insurance in your state . I ca n't begin to count how many people I know that have purchased online because a of a banner ad they clicked or got in their email and purchased coverage then found out later after a claim that that carrier is not allowed to even sell in our state hence no coverage and out of the money they spent on a policy . Or worse yet bought a policy online and it was not even a real company now days the scammers are out there buyer beware .


Input: Can I Get Life Insurance On My Grandma?

Output: You can get life insurance on your grandma if she meets eligibility requirements and passes underwriting requirements as well . Naturally , her age will determine the rate she pays , as will the type of policy and face amount she purchases and it is obvious there is an insurable interest -LRB- we assume ! -RRB- . A full-time broker and/or agent will help you find the best non-biased expert information .


Input: Can I Get Life Insurance On My Grandma?

Output: First you need to establish insurable interest . Generally a blood relative has some reasonable financial interest . Then you have to justify the amount of coverage . Your grandma will need to sign as the insured and shell need to be deemed competent to satisfy most states and insurance companys requirements for seniors entering into a contract .


Input: Can I Get Life Insurance On My Grandma?

Output: If you will be the one handling your grandma 's affairs after her death , you could purchase life insurance on her to pay for her final expenses . You could be the owner of a policy on your grandmother , as well , if you live with her or she lives with you , or you share other financial ties . She will need to sign the application , and conduct the phone interview if one is required . Please do not hesitate to call or email me for assistance .


Input: Which Employer Has The Best Retirement Plan?

Output: There are many employer sponsored defined contribution plans available for companies to choose . But from the point of view of the employee , 401 -LRB- k -RRB- plans with employer matching contributions to 6 % of your salary base is excellent . When considering a job , consider the employer match , it 's free money and can make a difference later in retirement .


Input: Which Employer Has The Best Retirement Plan?

Output: I ca n't speak for any employer for there are many companies that offer excellent benefits packages for retirement . The best investment is at annuities or 401k . However , retirement plans from employers were sold to the company by outside agents they are group specialists and your plan will come from a major insurer . It is best to research the company you want to work for and look at what they offer in benefits . Then you may base your decision . Some are either employer paid or employee paid .


Input: How Much Will My Life Insurance Be Worth?

Output: Your death benefit could be growing with paid up additions via dividends in whole life insurance or with current assumption universal life with an increasing death option . Life insurance as a cash value asset depends on the returns of the crediting method : interest rates , indices and separate sub account performance .


Input: What Is A Good Price For Whole Life Insurance?

Output: In addition to the concerns about underwriting there are specific things that have a profound impact on the premium for a whole life policy . One factor is the age and sex of the person being insured . One of the reasons that this is so significant is that cash will be accumulating in the policy and that cash earns interestcompound interest so the effect is very important . So the younger the insured , the longer money will accumulate at interest so it takes less money to fund the contract .


Input: What Is A Good Price For Whole Life Insurance?

Output: That is a great question ! This is a very commonly asked question , and in each case , one that is impossible for us to answer . In order to give you even an accurate range of prices , we need a lot more information . We have no idea if you are male or female , how old you are , whether you smoke , or even how much coverage you were seeking . And that does n't even touch the health questions ... Please inbox me , or contact a local independent agent to give you a better answer , okay ? Thank you for asking !


Input: Can I Get Health Insurance Just For My Kids?

Output: You can get a stand alone plan for your kids now due to the ACA . As long as they are not eligible for CHIP you would be able to purchase a policy in most cases . Contact me or an agent in your area to help you . We are licensed in 31 states .


Input: How To Sign Up For Medicare A And B?

Output: Assuming you are aging in you are about to turn 65 years of age , and have paid into Medicare from social security payroll tax for 10 + years . You will receive your information package from SSI that will provide 2013 Medicare plan options and details . If you have not received your information or welcome package please call social security If you are still working you will notreceivepart B when aging in as you are receiving -LRB- presumably -RRB- medical insurance from your employer . When you leave employment it is important to notify SSI so you will beeligiblefor Medicare part B the first month of retirement . Part A is your inpatient hospitalization Part B is youroutpatientcoverage . Your local insurance agent is paid by the insurance carrier and is free to you . Agents are licensed trained and certified to understand the topic . I recommend you find an agent in your community to answer all your questions and help you enroll I hope I has been helpful


Input: Do I Need Title Insurance For A New Home?

Output: Great question . When you buy a new home part of the process of buying the house that you will need to get a title insurance policy issued on the new home . yes the house is new but the lender could have a loan on the property or a title policy will search for that and clear all issues or leans before you buy the house .


Input: Is It Possible For An 89 Year Old Male To Find Life Insurance?

Output: You can purchase simplified issue plans up to age 92 with a few carriers but there are some considerations to be made . First , the person needs to be healthy enough to get through the simplified issue questions in order to get a policy . The other thing to consider is the price . Simplified issue/final expense is expensive as it is but when a 90 year is buying it the premium will be vary expensive . The break even on premium vs. death benefit is likely only going to be 3 or 4 years . This means that in 3 or 4 years , the premium paid will equal the death benefit on the policy .


Input: Is It Possible For An 89 Year Old Male To Find Life Insurance?

Output: That is a great question ! It is possible , but I will not mislead you , it will be difficult . The majority of insurers will cap policy writing at 80-85 ; so you will need a good independent agent who can search multiple companies for you to find one that will write at his age . The second hurdle will be his health . It would be very difficult to find a company that will write if he is in a nursing home , receiving home health care , or has had any major health issues within the past couple of years . Many will decline if he 's wheelchairbound . Again , you will need a good agent that can seek out the company that will write for you . The last hurdle will be the cost . Even if you can find the company that will write his policy , it is very likely that it will be too costly to afford . I 'd hazard a guess that it would be in the hundreds of dollars a month price range , unless his health is excellent . Life insurance is one of those things where the earlier you buy it , the cheaper it is , and it hurts me to say that far too many people either through their fault or not , end up waiting far too late to buy it . Far too many wait until there has been a scare , and then it is too late , either due to health or financial concerns . You may be able to find a policy , look for an independent agent -LRB- one not tied to a specific brand name -RRB- and have them go through your options . It is my prayer for you that you can find one that fits . If you have further questions , please feel free to contact me , okay ? Thank you for asking !


Input: Is It Possible For An 89 Year Old Male To Find Life Insurance?

Output: Provided that the applicant is healthy enough to have a favorable underwriting outcome , many carriers will write up to age 90 . There are no `` simplified issue '' type policies available at that age , however it the amount of coverage is at least $ 25,000 , then insurance is possible . Depending upon the objective , coverage may or may not make economic sense .


Input: Is It Possible For An 89 Year Old Male To Find Life Insurance?

Output: Just about anything is possible in the insurance world as there is always Lloyds , but the premium would be so high that you might be paying dollar for a dollar for coverage . Insurance is n't meant to be the last thing purchased just before death . If it were , there would be no insurance industry as it would have gone broke centuries ago . I would think the window for purchasing insurance has passed at 89 . Death becomes more a certainty then rather than a probability .


Input: Is It Possible For An 89 Year Old Male To Find Life Insurance?

Output: Although there are some carriers who will issue insurance till age 90 I would say the answer to this question is no . Once you pass 85 years old the insurance company knows that although you may live for many years afterwards you have neared the time of a definite claim . If you find a policy at the age of 89 you will have to qualify medically for it . The cost typically is so prohibitive that it is better to be prepared to pay for final expenses with assets you already possess . The maximum face amount will also be set in or near $ 25,000 .


Input: Is It Possible For An 89 Year Old Male To Find Life Insurance?

Output: The minimum face amount that I have seen for an 89 year old applicant is $ 50,000 . The person being insured will need to have good mental and physical health to qualify , as the policy will be medically underwritten . There are some No Exam options for people up to age 85 . If you are not yet 86 years old , now is the time to apply , as it gets much more difficult after age 85 .


Input: How Soon Can I Claim On Home Insurance?

Output: Talk to your insurance professional if you have suffered a loss . Discuss the terms and conditions of your policy and include an understanding of your policy deductible . Provided the damage is caused by named peril in your policy , your Insurance Professional should be able to open your claim for you right away .


Input: How Soon Can I Claim On Home Insurance?

Output: You can make a claim immediately after a loss occurs . Just make sure that you comply with the conditions in your insurance policy . You will more than likely have to preserve any damaged property ; file a claim with the police if vandalism/mischievous caused the loss ; cooperate with the insurance company . If you just purchased the home owners policy and your concern is whether the loss is covered by the newest coverage , just check the effective dates on your declaration page . If the loss falls between those dates go ahead and make a claim . If not , then make the claim against your previous policy .


Input: Can Pilots Get Life Insurance?

Output: Yes , pilots have lots of choices when it comes to life insurance . If the pilot flies a commercial airplane , there are more companies that will cover them -LRB- even while piloting the aircraft -RRB- , than those who are fly small , private planes . But even private plane pilots can get preferred ratings if they opt for a life insurance policy that excludes death while flying as a pilot .


Input: Can Pilots Get Life Insurance?

Output: Pilots can get life insurance . Being a pilot will be underwritten by the insurance carrier and rated properly for the risk but a pilot can get life insurance . Not all life insurance carriers will take a pilot so it is my recommendation that you speak with a professional independent life insurance specialist to find the right insurance company that can get you the right coverage at the most affordable rates .


Input: Is Safeco A Good Home Insurance Company?

Output: Absolutely , at the Insurance Browser we love Safeco . They are a national carrier wholly owned by an even larger insurer Liberty Mutual . They have competitive products and pricing in many of the states we operate in including AZ , TX , GA and MO. . We have also been able to see their claim settlement practices with our customers and they are very pleased .


Input: What Is Substandard Auto Insurance?

Output: Another term for Substandard Auto Insurance is High Risk . Auto insurance rates are based on driving record , age , insurance credit score and claim history . If your driving record falls below what a company considers a standard risk they put you in substandard . While it varies by company , most companies will allow two or three tickets or At Fault accidents before putting you in substandard . A DUI will automatically put you in substandard . Insurance laws vary by state .


Input: What Is Skilled Nursing Care Under Medicare?

Output: There are three levels of Nursing Care , Skilled , Intermediate , and Custodial . Skilled Nursing care requires that you need the services of a licensed professional and that your health can improve by utilizing those services . For example , physical therapy , occupational therapy , and speech therapy would fall under those categories . Custodial Care means that you are not going to improve . You just need the assistance of others to perform certain activities of daily living . Medicare only pays for Skilled Nursing and is limited to 100 days .


Input: Can You Add Parents To Your Health Insurance?

Output: It is not permissible to add parents to your health insurance . The only dependents that are allowed are children and step-children as well as a spouse . Since health insurance is now guarantee issue and no one can be turned down parents should be able to purchase health insurance with no issues .


Input: What To Consider When Buying Disability Insurance?

Output: When buying Disability insurance you need to consider how many years you want it to last , how many months you want to wait from incurring the disability until you receive the first payment -LRB- elimination period -RRB- , and how much of your income you want to replace . You need to consider features like whether it will pay if you are able to go back to work but not are not back up to your old wages -LRB- residual disability -RRB- , whether it will pay if you can not perform your own occupation , and whether it has a cost of living rider . Finally , you need to consider your budget and how much of the above you can afford , then pick out the features that are most important to you .


Input: How To Compare Home Insurance Policies?

Output: ISO is an independent organization that provides insurance companies with standard forms . Some companies use the ISO forms directly while others modify them a bit or put them into language that is easier to read . However , the coverages extended by the homeowners policies vary little from company to company . Companies will often market their unique twist on the policy ; however , those twists dont change things very much . Unless you have a very unusual house , you will find coverage the same from company to company .


Input: How Does No Medical Exam Life Insurance Work?

Output: To purchase a No Exam life insurance policy , you first must fill out the application . This can be done by paper or done together with your agent on the phone . If the latter , you will get a link by email that allows you to sign the application digitally . No Exam life insurance policies usually ask you for payment information on the application . That way they can draft the first premium from your checking account or credit card immediately upon approval , which allows the policy to go into effect much faster . Some No Exam life insurance policies do not look at medical records , and those policies can go into effect in hours . Some No Exam companies reserve the right to look at medical records . If they do order records , the process will take longer , but still not usually as long as a policy requiring an exam .


Input: How Does No Medical Exam Life Insurance Work?

Output: How does no medical exam life insurance work ? Basically they look at your health history through sources like the MIB -LRB- Medical Information Bureau -RRB- where your medical records are wharehoused . What you 'll find if you compare fully underwritten insurance with no medical exam insurance is the price for no medical exam coverage will be higher . It is up to the individual to decide if they want the underwriting discount that a medical exam can provide .


Input: How Does No Medical Exam Life Insurance Work?

Output: Great question , Normally the premium is a little more because there is no Medical Exam . However , you will more than likely have health questions on the application . Typically these types of plans are issued a lot quicker than other plans if they are approved , sometimes in as little as a couple days as opposed to a policy that requires a health exam which can take several weeks for an answer .


Input: What Is A Joint Roth IRA?

Output: Even though you are married , you can not have a joint Roth IRA . Each of you can each contribute up to the annual limit to your own individual Roth IRAs . This allows a couple to set aside twice as much per year as they otherwise would have been able to save individually .


Input: What Is A Joint Roth IRA?

Output: What is a joint Roth IRA ? Well ? as far as I know there is no such thing as a Joint Roth Individual Retirement Account . If you did n't catch it in the name , an IRA is an individual account , not really a joint account . What you might be really asking is are surrender or change decisions a `` joint '' decision if you 're married ? Depending on the state the answer could be yes . So if someone who is married cashes out their plan in some states it requires the spouses signature as well .


Input: Can I Get Homeowners Insurance With A Bad Roof?

Output: Insurance companies are not in the business of correcting known defects . If your roof is in need of repair most companies will require that you make the necessary repairs prior to issuing you a policy . In some cases they might give you a period of time to affect the repairs but they will expect the repairs to be made .


Input: Does Home Owners Insurance Cover Asbestos?

Output: Homeowners insurance and as far as I know any property policy in the United States as a specific Asbestos exclusion in the policy . Thehomeownerspolicy will exclude any clean up , removal or illness related to Asbestos until the end of time . If you have asbestos in your home I highly recommend you call in a profession asbestos removal team . Health of your family is primary .


Input: What Is Colorado Cobra Health Insurance?

Output: COBRA -LRB- the Consolidated Omnibus Budget Reconciliation Act -RRB- is a program that was passed to allow people to continue group health insurance that would otherwise have been terminated . The most common users of COBRA are employees who leave their job where they had employer-sponsored health insurance , usually after being laid off or leaving the group on their own terms . COBRA coverage can be kept for up to 18 months and is only available to individuals and families covered under a plan with more than 20 employees enrolled . Your premiums under COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . COBRA election applies to each person individually that is covered under a given health plan . Since health insurance is guaranteed issue under the affordable care act , you do not want to wait until your COBRA coverage expires to look for a new policy . Doing so can cost you a lot more money unnecessarily . Consult with an experienced health insurance broker to compare your options and see which plan option will best serve your needs . 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: Does USAA Renters Insurance Cover Lightning Damage?

Output: Lightning damage is covered under the standard renters policy , referred to as the HO-4 . If you have that policy , there is coverage for a loss caused by the peril of lightning . In the renters policy , the coverage is for damage to the policyholder 's personal property , subject to payment limitations on certain personal property such as furs and jewelry , as stated in the HO-4 . To increase coverage amounts that are limited on the stated items , additional amounts of insurance can be purchased , typically in the form of scheduled items .


Input: How To Choose A Life Insurance Company?

Output: Choosing a life insurance company often starts with a referral from your friends , family or other advisors to a life insurance professional . It is usually best to utilize the services of a professional who can help make sense of the many choices available . Most are able to work with more than one life insurance company and can provide information about each one . As you narrow down the options , you can and should go online and research insurance companies on your own and ask questions about them . The ratings services such as AM Best are also a good place to go .


Input: How To Choose A Life Insurance Company?

Output: This is a great question ! I would suggest : Asking friends and family for recommendations Looking online for feedback and ratings The Better Business Bureau for ratings and unresolved complaints Talking to agents from different companies to get a feel for each company 's benefits Standard and Poor 's & A.M. Best Rating companies Moody 's Investor Services and Duff & Phelps are also good rating services You should be able to find all the information you need before choosing an insurance company . Good luck !


Input: Is Group Disability Insurance Government Provided?

Output: No , Group Disability Insurance is not usually provided by the government . In the handful of states that offer Temporary Disability Insurance , some states provide the short term disability insurance . In the vast majority of cases , employers and businesses provide the disability group policies for their employees through group policies offered by companies that offer it .


Input: Can Annuities Be Put In A Trust?

Output: Assuming youre addressing non-qualified annuities , the short answer is yes . Most financial planners who use annuities and estate planning attorneys need a compelling reason to place an annuity in a trust.There are three items that could be a disadvantage of holding an annuity in a trust : trust expenses , at the death of the annuitant , a grantor trust might trigger a taxable distribution event and the potential tax uncertainty of an entity holding ownership of an annuity .


Input: Can Annuities Be Put In A Trust?

Output: Definitely ! Depending on the situation a trust can be an excellent place to put an annuity . A good financial planner can help you decide the type of trust , if any , you may need , if an annuity is appropriate for your situation and help you set it up . There are a variety of planning strategies involving annuities and trusts .


Input: Is Ensure Covered By Medicare?

Output: Ensure is covered by Medicare if some conditions are met . Eligible persons for receiving Medicare reimbursed Ensure drinks will : 1 -RRB- Have diabetes , 2 -RRB- have kidney disease , 3 -RRB- had a kidney transplant in the last 3 years , OR 4 -RRB- been referred to receive nutritional therapy services and Ensure by a medical doctor as being medically necessary .


Input: Can I Get Homeowners Insurance Online?

Output: Yes , homeowners insurance is available online . There are a number of underwriting companies that provide an online questionnaire to reveal the eligibility of the risk . For online quotes and insurance in California , Arizona & Nevada , you may click on : WEBSITELINK For all other States , you may search for a licensed brokerage allowing you access online .


Input: Can You Change Auto Insurance At Any Time?

Output: You can , yes , but be sure to check with your Insurance Professional to understand how changing at different times can either benefit or potentially harm you . Some companies impose a cancellation fee if the policy is cancelled mid term so if you are doing it to save money , that fee may wipe out any theoretical savings .


Input: I Just Lost My Job, Which Provided Health Insurance For Me. What Can I Do Now?

Output: You have the right to extend your work coverage through the COBRA provision . Catch is you must pay the entire premium as the portion your employer paid went away when your job did . There are ways to get individual policies to provide short term coverage until you find a new job . In some states you may qualify for state sponsored health insurance for those who are unable to get insurance otherwise . Look around at your options . If you are in CA feel free to contact me .


Input: I Just Lost My Job, Which Provided Health Insurance For Me. What Can I Do Now?

Output: If you lost your job and health insurance within the last 60 days , you can qualify for an SEP -LRB- Special Enrollment Period -RRB- . OK ... So what is an SEP ? If Open Enrollment has ended , it allows you to purchase a Marketplace plan with full subsidies -LRB- if you qualify -RRB- and have your pre-exsisting conditions covered . No waiting period or extra copay or deductible for these conditions . You can choose among all of the available major carriers that offer coverage in your area . This `` qualifying event '' allows you to obtain affordable medical coverage at any time of the year . You will not have to answer medical questions , and you do not have to keep the same company that you had while working at your previous employer . An experienced broker and his/her website will be very helpful . Insist on a broker with at least 25 years of experience in the business . NOTE : COBRA may be available , but typically will be more expensive than an Exchange plan -LRB- especially if you qualify for a federal subsidy -RRB- . Short-term -LRB- temporary -RRB- plans are also offered by many top-rated companies . However , they are non-compliant , do not cover pre-existing conditions , and are not eligible for subsidies . Important : This question was answered by Edward Harris , one of the nation 's leading and most experienced -LRB- 35 years -RRB- health insurance brokers . His website , Majormedicalhealth.com , is the premier trusted healthcare website in the US , and offers the lowest individual and family rates from top-rated companies . UPDATE : The Supreme Court has still not rendered its decision regarding subsidies . UPDATE : July 2015 . The decision has been made ! Subsidies will continue to be paid on both state and federal Exchanges .


Input: I Just Lost My Job, Which Provided Health Insurance For Me. What Can I Do Now?

Output: That is a great question ! I am sorry that you lost your job ; I pray that you find a better one very quickly . When your employer provided insurance ends when your employment does , you have a couple of options.The first , and typically most expensive option is to continue with the employers insurance plan . This will be offered to you under the name `` COBRA '' , and by law has to be offered to you once your coverage under your employment ends . You can get coverage for a few months under your old policy , but you will pay both your portion of the insurance , plus what your employer contributed . This can be very expensive , depending upon the plan , and the employers contribution amount . Your second option , and a possibly cheaper one , would be to enroll in a Government exchange -LRB- www.healthcare.gov -RRB- or an independent health insurer . The loss of your coverage from your job loss is considered a `` qualifying event '' , which allows you to apply for a policy outside of the mandated enrollment period . Qualifying events are major life changes that require a change in coverage , like a birth , marraige , divorce , or job loss . You can either shop for a policy on the Affordable Care Act -LRB- Obamacare -RRB- site at www.heathcare.gov , or a similar exchange . I recommend the ACA site first , as you may qualify for a subsidy that may help with the cost for you . But act quickly , as it may be that our Government insured Supreme Court may decide that you do n't need help paying for insurance , and remove the subsidy . They are debating that even as we speak . Good luck with your job hunt , and trust that God has you covered ! Thanks for asking !