Input: Which Life Insurance Company Is The Best?

Output: Which life insurance company is the best ? I think that depends on a few factors . Chief among them are the risk profile you present , and the type of product you want to purchase . At the end of the day , it becomes a question of which will give you the best underwriting . Your risk profile is characterized by the underwriting challenges you pose . I am sure you know that life insurance underwriting covers many factors . These include gender ; nicotine use ; current health ; medical history ; family medical history ; occupation ; avocation ; foreign travel history and plans ; lifestyle with regards to alcohol and drug use ; financial situation ; and criminal , financial , and motor vehicle record . Much to look at . And you know what ? In some way , shape , or form , all these factors can have an impact on your mortality . For most people , one or more of these factors are more operative than the others . Therefore you need to look for a company who will be most competitive in underwriting that particular risk factor . Some companies will be more competitive for diabetics . Some companies will be more competitive for people with a cancer history . Some companies will be more competitive for mountain climbers . Some companies will be more competitive for scuba divers . Some companies will be more competitive for people with a bankruptcy on their record . And on and on and on . It is the job of your broker to direct you to the right company . Also remember that companies tend to specialize in the products they manufacture . Some lean towards cheap term insurance . Others lean towards whole life insurance . Some lean towards guaranteed universal life insurance , while others lean towards interest-based universal life insurance . Once your broker prequalifies you and identifies the company that will give you the lowest cost for your coverage , you can then determine which product they make available that would make the most sense , given the life insurance strategy you want to employ . Important note : given that not every company makes available every type of product , you might have to re-think your choice of product once you find out which company will give you the best underwriting . But that is OK at least you will be getting the most value for your dollar .


Input: Which Life Insurance Company Is The Best?

Output: There are rating agencies that make it their whole purpose to show you which life insurance companies are best . They look at different variables , rate the company on those variables , then give the company an overall rating . The four main rating agencies that people turn to are AM Best , Standard & Poor 's , Fitch , and Moody 's . When you go to the About Us section of any life insurance company 's website , they will usually show you their ratings , and give an explanation of what that rating means .


Input: How Much Should Health Insurance Cost Per Month?

Output: How much you should be paying is a hard figure to try and quantify . The average cost in the country for a health insurance plan is $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to you . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the new Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . You may be able to qualify for a subsidy that can be used to reduce the cost of your health insurance premiums . I always recommend consulting with an experienced broker . We can help you determine the plan that 's going to be most suitable for your needs and budget . Please let me know if I can be of further assistance . Thanks very much .


Input: Who Offers Annuities?

Output: There are many financial institutions and insurance companies that offer this sort of product . If you have a local agent for you home and auto coverage , call them . Your local agent may handle annuities currently and they will be able show you the pros and cons of what he would have available and if he/she does not handle these they may be able to refer you to someone that does .


Input: Who Offers Annuities?

Output: Life insurance companies offer a variety of annuity products that are carry inherent tax favored treatment . Tax deferral of policy gain is chief among the tax advantages of annuities . There are a variety of crediting methods used in annuities : interest rate , indexed and equity subaccounts .


Input: Who Offers Annuities?

Output: Payout Annuities can be either term certain or life annuities . Term certain annuities - in exchange for a lump sum premium you receive a guaranteed income stream for a specified term after which the income stops . For example 10 , 20 , 25 years to to age 90 . These type of annuities are issued by numerous financial institutions including : insurance companies ; banks and trust companies . Life annuities - in exchange for a lump sum premium you receive a guaranteed income for your lifetime . They also can be issued on a joint life basis . There are also numerous guarantee options available that guarantee a certain payout total amount . These type of annuities are issued only by life insurance companies . 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: Who Offers Annuities?

Output: Life insurance companies offer annuities as well as life insurance though not all aggressively promote their annuity products to the public . Some insurers specialize in annuities of various types . It is a good idea to wok with an independent insurance professional with broad access competitive annuity companies since rates can change rapidly , often weekly .


Input: Can You Suspend Auto Insurance?

Output: No . Auto insurance is an all or nothing deal . You either have coverage or you do n't . It is possible to cancel an auto insurance policy at almost any point you wish . To suspend coverage would mean that you have paused your coverage -LRB- or held -RRB- until you are ready to re-instate it and unfortunately that just would n't work for many different reasons .


Input: Who Qualifies For Long Term Care Insurance?

Output: You qualify for Long Term Care Insurance in a similar way to qualifying for Life Insurance . An application is filled out , an exam is taken , and an underwriting team reviews your case to determine if you are healthy enough to be approved for coverage . Some of the things that can disqualify people for Long Term Care Insurance are stroke , polio , rheumatoid arthritis , diabetic neuropathy , dementia , and other conditions that are put them at high risk for needing such services in the future .


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

Output: Yes , the state of Iowa requires that you have auto insurance . The minimum required coverage is liability of $ 20,000 per incident with a $ 40,000 maximum and $ 15,000 in personal property coverage .


Input: Can I Terminate My Health Insurance?

Output: You can terminate your individual health insurance at any time . Simply call your insurer or broker and request a cancellation . The effective date and other details can be easily handled . If it is a group plan through your employer , contact the HR administrator to formally request termination . They will explain the earliest date you can cancel the plan .


Input: Can You Borrow From Annuities?

Output: Annuities technically have no loan provisions . Any withdrawals are subject to taxes and penalties if you withdraw before 59 . You can however collateralize your annuity for a bank loan if it makes economic sense . Annuities may also have surrender charges that could restrict the amount you attempting to access . Annuities should not be bought if cash liquidity may turn out to be an issue .


Input: Can You Borrow From Annuities?

Output: It depends on what type of annuity you have . Many annuities permit withdrawals , but typically you can not take out money -LRB- other than the defined payment structure of the annuity -RRB- without being subject to penalties , taxes , or surrender charges - you will need to review your specific policy for exact details . When you create an annuity , the intention is to give a defined amount of money to the insurance company in exchange for a guaranteed income for life or a set number of years . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can I Take Out A Life Insurance Policy On My Spouse?

Output: It is usually permissible to take out life insurance on your spouse . Because most couples live together and share expenses and income , they have a financial interest in each other 's lives . That is what the underwriter looks at when determining whether you can take out a policy on your spouse . Life insurance underwriters also take into consideration how much coverage you have on yourself , and possibly may ask your reason for owning your spouse 's policy . Your spouse must give consent by signing the application .


Input: Can I Take Out A Life Insurance Policy On My Spouse?

Output: You can , of course purchase a Life Insurance policy covering your spouse , just as your spouse can purchase one on you because you each have an insurable financial interest in the other . Presumably you are each dependent upon the other 's income , and also share joint interest in your home , savings , investments , etc. . Naturally , discuss your options with your Insurance Professional in order to determine what coverage considerations best meet each of your needs .


Input: Can I Take Out A Life Insurance Policy On My Spouse?

Output: That is an excellent question ! It makes great sense for both spouses to have a life insurance policy . The reasons for having one are simple - to cover funeral expenses , to provide for lost income , and to ensure that bills are paid . Insuring each other is a good way to show love for each other even after you 've passed . Thank you for asking !


Input: Can I Take Out A Life Insurance Policy On My Spouse?

Output: It is usually plausible to take out a life insurance policy on your spouse . However , you can not take out a life insurance policy on your spouse or anyone else without their knowledge and consent . The policy can be paid for by the beneficiary , but the insured has to sign and go through underwriting . The key to purchasing a life insurance policy has to meet the criteria of an `` insurable interest '' . In other words , a person would suffer financially at this person 's death , certainly a spouse would qualify as an `` insurable interest '' .


Input: How To Set Up A Trust Fund For Life Insurance?

Output: A trust can be a very useful tool in life insurance planning . When a trust is the owner , large estate tax assessments can be avoided by the insured . It can also make sure that minor beneficiaries are allocated benefit money responsibly . An estate tax attorney gets involved when a trust is to own a life insurance policy . The broker must work with him or her and make sure the policy is issued under the trust when the application is finally approved . If the policy is issued with the insured as the owner , and later the ownership is transferred to the trust , tax problems may be created . Sometimes people like to take a do-it-yourself approach to estate planning . There are a lot of big legalities involved , and professional advice can go a long way towards avoiding expensive mistakes .


Input: Can I Get Life Insurance If I Have Grave's Disease?

Output: Yes , you can get life insurance if you have Grave 's Disease . If your Grave 's Disease is in remission , or has caused hyperthyroidism that is is well controlled by medication , Grave 's Disease will not make much impact on the rates . If combined with other health conditions , or if you have some complications from Grave 's Disease , you might be rated up or even declined for some policies . However , there are simplified issue policies that will take most cases of Grave 's Disease at an affordable price .


Input: What Does Point Of Service Mean In Health Insurance?

Output: Point Of Service plans -LRB- POS plans -RRB- are sort of a blend of HMO and PPO plans . Like an HMO , your plan may require you assign a primary care doctor and have them make referrals if you want/need to see a specialist . The PPO similarity comes from the fact that you mayreceive care from non-network providers but with greater out-of-pocket costs . You may also be responsible for co-payments , coinsurance and an annual deductible . POS plans are useful for those who are willing to coordinate their care through their primary care doctor and the doctor is in-network .


Input: Where To Get A Physical Without Health Insurance?

Output: You do n't need health insurance in order to get a physical or any other wellness exam . Just pay the provider out of pocket for the expenses . You may have to negotiate the rates up front as you may lose cost containment associated with having health insurance . The primary purpose of health insurance is to provide financial protection in case you are seriously sick or hurt . Most people are unable to afford extensive medical treatments for severe health conditions . A physical for an otherwise healthy individual does not meet this description .


Input: What Is Prudential Annuities?

Output: Prudential Annuities is a division of Prudential Financial , Inc. . Prudential offers numerous annuities to choose from : fixed annuities , immediate income annuities , variable annuities , market adjusted annuities etc . Having so many choices , I recommend you contact an agency that offers Prudential products to discuss the annuity that best suits your specific needs ...


Input: What Is Prudential Annuities?

Output: Prudential Annuities is a business of Prudential Financial , Inc. . The annuities that are sold by Prudential include variable annuities , fixed annuities , immediate income annuities , and modified guaranteed annuities -LRB- also called market adjusted annuities -RRB- . You can call any agency that sells Prudential products to discuss . Variable annuities can only be sold by someone with securities licenses .


Input: What Is Not Typically Covered By Homeowners Insurance?

Output: This is a list of some of the general exclusions in a homeowners policy : 1 . Freezing , Discharge , Leakage or Overflow - Unoccupied Residence : We do not pay for damage if the dwelling is vacant , unoccupied -LRB- including temporary absence -RRB- or under construction , unless the insured takes reasonable care to : a. maintain heat in the building ; or b. shut off the water supply and completely empty liquids from any plumbing , heating or air-conditioning system , water heater or domestic appliance . If any insured fails to do this , we do not pay for loss caused by freezing or the resulting discharge , leakage , or overflow from the system , water heater or domestic appliance . 2 . Freezing , Thawing , Pressure or Weight of Ice or Water : We do not pay for damage to structures -LRB- other than buildings or carports -RRB- such as pools , fences , retaining walls , septic tanks , piers , wharves , foundations , patios , and paved areas caused by freezing , thawing , or pressure or weight of ice or water , whether wind driven or not . 3 . Theft : We do not pay for theft or attempted theft from the insured premises while the dwelling is : a. under construction and unoccupied ; or b. vacant for more than 60 consecutive days immediately before the loss . Theft does not include acceptance of counterfeit money , fraudulent post office or express money orders , or acceptance of checks or promissory notes which are not paid upon presentation . We do not pay for theft or attempted theft committed by an insured or tenant . 4 . Vandalism or Malicious Mischief or Glass Breakage : We do not pay for loss caused by vandalism , malicious mischief or breakage of glass or other glazing materials while the dwelling is vacant for more than 60 consecutive days immediately before the loss . A dwelling under construction is not considered vacant . We do not pay for loss caused by vandalism , malicious mischief or glass breakage committed by a tenant . We do not pay for loss caused by vandalism or malicious mischief committed by an insured . We do not pay for loss caused by glass breakage committed by an insured while the dwelling is vacant for more than 60 consecutive days immediately before the loss . 5 . Seepage or Leakage : We do not pay for loss caused by repeated or continuous seepage or leakage of liquids or steam from within a plumbing , heating or air-conditioning system , water heater , or domestic appliance . We do pay for loss caused by the accidental leakage , overflow , or discharge of liquids or steam from a plumbing , heating , or airconditioning system or domestic appliance . We also pay the reasonable cost of removing and replacing those parts of the dwelling or related private structure necessary to make repairs . We do not pay for loss to the system or domestic appliance from which the liquid or steam escapes . 6 . Settling , Cracking , Shrinking , Bulging , or Expanding : We do not pay for loss caused by the settling , cracking , shrinking , bulging or expanding of a dwelling or other structure -LRB- or any part of them -RRB- , or pavements or patios . 7 . Vermin , Rodents , Insects or Domestic Animals : We do not pay for loss caused by vermin , rodents , insects or domestic animals . 8 . Smoke : We do not pay for damage caused by smoke from agricultural smudging or industrial operations . We do pay for direct loss by fire , explosion , or smoke -LRB- not otherwise excluded -RRB- which results from any of the above . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Is Mortgage Insurance And Home Insurance The Same?

Output: There are two types of insurance that are known as mortgage insurance . When mortgage companies offer something other than a conventional loan they will often require the borrower to buy mortgage insurance which protects the mortgage company from default . There is also a form of life insurance which is designed to provide a death benefit that equals the balance due on a mortgage . Neither of these are the same as a homeowners policy . The homeowners policy protects the residence and contents against named perils . The homeowners policy also provides protection from personal injury and property damage lawsuits .


Input: I have a 65 Extra Ordinary Life policy with NWML. I assume that sometime before or after I would convert this to an annuity to receive quarterly premiums. Is this correct?

Output: That is a great question ! It 's really one that you should ask your agent , because I 'm a little hazy on what you are wanting to do . You are n't going to be able to convert your life insurance policy into an annuity , so that part of your question is no , you wo n't convert it at all . As for the receiving of premiums , Companies pay premiums -LRB- or do n't -RRB- at their choosing . They determine the amount to be paid , if any , and usually at a set time during their fiscal year they make that payment . I believe NWML pays once a year , but I may be wrong , I 've never asked them -LRB- I have policies from them that my Dad bought way back when -RRB- I just appreciate seeing them on my yearly statement . Please contact your agent , and have them explain your policy a little better to you . I hope that helps , thanks for asking !


Input: I have a 65 Extra Ordinary Life policy with NWML. I assume that sometime before or after I would convert this to an annuity to receive quarterly premiums. Is this correct?

Output: When you say NWML , I assume you are referring to Northwestern Mutual Life . Since I 'm not a NWML agent , it 's hard to comment on the specifics of the carrier 's product , but can hopefully provide some general insight for this type of program . These types of policies typically feature a combination structure of part whole life and part term insurance . Whole life insurance can not be converted to an annuity , nor can term life insurance . If the policy was surrendered for the cash value of the whole life side of the policy -LRB- term life insurance does not build cash value -RRB- , the monies could be used towards an annuity . Please note , if there is a loan -LRB- and any interest on the loan -RRB- on the policy , any remaining surrender charges , the dollar amount you receive can be lower than the policy 's cash value -LRB- think : cash value - loans - interest on loans - surrender charges = amount you actually receive -RRB- . Also , you may want to verify whether there would be a taxable gain on the policy before surrendering it -LRB- the cash value in the policy exceeds the premiums paid into it -RRB- . Also , the only way a whole life insurance policy pays a dividend to the policyowner is if the policy is a participating whole life policy -LRB- non-participating policies do not offer any dividend structure - only the build-up of cash value -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Is Vesting In Retirement Plan?

Output: Generally speaking , vesting in a retirement plan may be tied to direct employer contributions to a qualified plan and/or non-qualified tax deferral plan . As an example , a defined contribution plan , like a 401 -LRB- k -RRB- , may also offer matching employer contributions . Some plans that offer this require a certain time employment to secure the employer 's matching contributions , i.e. the employee is fully vested .


Input: Can Car Insurance Be Paid By Credit Card?

Output: Payment methods are solely up to the discretion of the carrier . Each carrier is allowed to determine the payment methods for policy premium that it is willing to accept . Contact your local agent to find out the payment methods that they are capable of accepting for premium amounts due .


Input: A Whole Life Policy Owner Passed Away With Cash Surrender Value Higher Than The Death Benefit. Which Amount Will The Beneficiary Get?

Output: Another possibility is life insurance that has violated the corridors of risk and has been allowed to become , or was originally intended to be , a Modified Endowment Contract -LRB- MEC -RRB- . The corridor of risk applies usually to universal life insurance type policies and it is the established maximum cash surrender value of the contract as it pertains to the amount of coverage and the age of the insured . The tests prescribed by the IRS limits what remains life insurance and what gets treated as a MEC . Regulations established in the 1980 's limited this risk of abusing life insurance in this way because people discovered that universal life policies could be a great place to stash cash through the payment of excess premium in the flexible universal life policy , of which the IRS did n't like much When a life insurance policy becomes a MEC it is still a life insurance policy for death . Any pre-death distributions , however , cause the policy to be treated more like an annuity and distributions are treated as income first . That limits the use of the funds during the life of the insured . Life insurance treats policy loans as the payment of the basis -LRB- premiums paid in -RRB- first , and this feature is lost when a policy becomes a MEC . In fact , a number of tax-favorable benefits of life insurance are lost . To determine if a life policy has become a MEC , premiums are compared on a 7-pay test that helps establish the amount of premium , after paying 7 level annual premium amounts , that would pay up the policy in the first seven years after the life policy was issued . Being subjected to the 7-pay test or MEC test can occur well after the first seven years if there has been a material change in the policy . However , despite all of the latter , a life insurance policy that is stuffed with cash and violates the 7-pay MEC test down the road , has specific advantages even considering the disadvantages . One of those advantages is having more cash value than the face amount of coverage at death so you should also consider whether this life insurance became a MEC due to some specific financial or estate planning course of action taken by the decedent . Money at death under life insurance made to be a MEC are usually deliberate planning moves to pass cash or benefits of cash beyond the next immediate generation . For example , Grandpa wants to give each grandchild a sizable sum of money but wants to avoid generation skipping taxation . A MEC that pays as a death benefit is a contract paid , rather than money given . Check it out but this is another possibility for life insurance with too much cash value !


Input: A Whole Life Policy Owner Passed Away With Cash Surrender Value Higher Than The Death Benefit. Which Amount Will The Beneficiary Get?

Output: I would be interested in seeing this policy as something does not make sense . You see , the cash value can not be higher than the death benefit . With these type of policies , the death benefit would start to increase staying ahead or higher than what the cash value is . By contract , the death benefit is what will get paid out . I encourage you to have a local agent look at the policy to review it so you understand exactly what will be paid out as the benefit . Or you are welcome to contact me . I am sorry for your loss .


Input: A Whole Life Policy Owner Passed Away With Cash Surrender Value Higher Than The Death Benefit. Which Amount Will The Beneficiary Get?

Output: The cash value on an old Whole Life policy may well be higher than the face amount as written on the original policy pages . Over the years , the issuer of the whole life policy may well have deposited annual dividends into the policy . As the ash value of the dividends increased , the cash value of the policy may well have grown to be higher than the initial face amount . The dividends paid into the policy will increase the death benefit as well . The original policy wo n't reflect the payment of those dividends . The policy owner would normally get an annual statement indicating the actual CURRENT death benefit of the policy . Nothing will be lost , as the actual death benefit will always be higher than the cash value .


Input: A Whole Life Policy Owner Passed Away With Cash Surrender Value Higher Than The Death Benefit. Which Amount Will The Beneficiary Get?

Output: I have to wonder if you are understanding the current values correctly . I do n't know of an instance where the cash surrender value of a whole life policy could possibly grow to be more than the death benefit . It just does n't make sense . But that said , if that actually is the case the insurance company SHOULD pay the higher benefit .


Input: A Whole Life Policy Owner Passed Away With Cash Surrender Value Higher Than The Death Benefit. Which Amount Will The Beneficiary Get?

Output: I am sorry for your loss , and pray that you find comfort during this time . You have asked a great question . I 'm going to hazard a guess and say that the policy has been in force for many years . Over that time , the amount paid into the policy has exceeded whatever the face value of the policy is , the company pays the occasional dividend , or both . In any case , the cash value has grown to exceed the stated benefit value of the policy . I have policies that are the same way ; my Dad was wise and loved us enough to buy policies for us with what at the time were adequate face values . Over the years , what I 've paid on the policy has been supplemented by dividends paid by the insurance company . The cash value is about triple the face value . But if you look at the monthly statement , I will bet you will see what I see on mine - the death benefit is equal to the face value + the excess cash value , minus any unpaid loans or owed premium . My bet is the policy is written with a company that has been fiscally prosperous , and paid steady dividends to the policy . Your loved one made a wise decision purchasing this policy . May God bless and keep you in your time of sorrow , and thank you for asking .


Input: A Whole Life Policy Owner Passed Away With Cash Surrender Value Higher Than The Death Benefit. Which Amount Will The Beneficiary Get?

Output: If an insured allowed dividends to accumulate at interest the combination of cash value and accumulated dividends could exceed the face amount of the policy . The company always pays the face amount written on the policy plus the value of any accumulated dividends . In your case the combination could result in a significant payout .


Input: Is Health Insurance Based On Income?

Output: Under the Affordable Care Act ... although the plans have not been released yet ... it appears that there may be different `` Silver '' tier plans available based on income . The lower your income , the lower the copays , etc. . However , I would also add that Subsidies -LRB- to help pay your premiums -RRB- are based on your income .


Input: Is Health Insurance Based On Income?

Output: Health insurance is not coordinated in a manner that is directly effected by income . The reason that disability insurance has limits which generally do not provide for over 70 % -LRB- including other disability coverage such as state disability -RRB- of ones income is to prevent the policy holder from creating a situation where collecting disability payments is more profitable then returning to work , Because of the significantly different situations in which a person will be submitting a claim to their insurance company their is no such coordination between ones income and their coverage options . Although any health insurance premiums that had a annual expense of 9.5 % or more of a individual or households modified adjusted gross income is viewed as being a excessive financial drain -LRB- although this is only really relevant to employees who are offered to participate in a group health insurance policy -RRB- .


Input: Who Is Eligible For Part B Medicare?

Output: It depended on your circumstances ; whether youre applying when youre eligible to enroll in part B or youre disabled . There are also exceptions or rule accommodations for those with end stage renal disease . The initial enrollment period occurs when you turn age 65 or have been taking Social Security benefits for two years .


Input: Who Is Eligible For Part B Medicare?

Output: The same persons who are eligible for Part A Medicare are also eligible for Part B . In fact , most people automatically start getting Part A and B Medicare on their 65th birthday . Plus , those who have not paid into Medicare are eligible for Part B because there is a premium that can be paid to get Part B Medicare .


Input: How Long Does It Take To Get A Check From Life Insurance?

Output: If the paperwork is filled out completely and a certified death certificate is included with the paperwork , a life insurance claim can go through within a few weeks . However , even if there are problems , it is important for the life insurance company to get the check to the beneficiary within a couple of months . State regulators monitor this to be sure beneficiaries are paid in a timely manner .


Input: How Long Does It Take To Get A Check From Life Insurance?

Output: A death claim needs the required documentation such as the death certificate , newspaper obituary and the life insurance death benefit submittal form . Once those documents are in the home office of the issuing life insurance company it should take 30-60 days to receive the death benefit proceeds .


Input: How Long Does It Take To Get A Check From Life Insurance?

Output: It can take from a few days to a couple of months to get a check from life insurance . You first need to request a claim form , fill it out , and return it to the insurance company with a certified death certificate . The amount of time it takes for them to process the claim and send you the check is a few business days to a couple of months .


Input: How Long Does It Take To Get A Check From Life Insurance?

Output: In the context of a death claim , for policies inforce for more than two years , routine death claims can take as little as a week from the time they receive a copy of the death certificate . Some insurance companies take longer . Policies less than two years old are within the contestability period and are investigated more thoroughly which takes longer . Policy withdrawals or loans against the cash values of a permanent policy typically take approximately a week or two from the time the insurance company receives the request .


Input: Is Disability Insurance Considered Income?

Output: Disability insurance benefits generate tax free income for the policy owner when the policy insured is unable to work because of prolonged injury or sickness . The income is tax free because the disability insurance premiums were not deducted . There are scenarios where a business can expense disability premiums , but then the income is taxable at ordinary income tax rates .


Input: Can Health Insurance Drug Test?

Output: If you are purchasing health insurance on the individual market or on an exchange , no insurance company us is allowed to be require drug testing -LRB- unlike life insurance -RRB- . However , if you are obtaining your coverage through your employer , it is possible that drug testing may be required , if not to obtain health insurance , for other aspects of your job or eligibility to perform other tasks .


Input: How Hard Is It To Sell Life Insurance?

Output: I do n't think selling life insurance is much harder than selling anything else . If you have the right mindset of helping people instead of just closing people to earn a paycheck then you can do well . You must understand that the selling an intangible product versus a tangible product is more about technique . A life insurance policy is a piece of paper and a promise for peace of mind in case of a disaster of an early death . The biggest thing you will need is to be credible . Credibility comes from helping clients with the right product at the right price for their unique situation . It is not `` selling your product '' to a prospect . We all only have our reputation , do n't ruin it by selling instead of helping .


Input: How Hard Is It To Sell Life Insurance?

Output: The hardest part is not the selling , but making the appointments . You have to be driven and a set-motivator in order to succeed in this business . You also have to have thick skin and be able to handle rejection . You will hear A LOT of `` no '' , and get hung up on A LOT , but you have to keep going !! There are a lot of great marketing ideas to help generate leads but you will spend a lot of your time on the phone or prospecting by knocking on doors . The first year is always the toughest , a second job will probably be needed ; but with determination , excellent people skills and a friendly personality , it is not tough to sell life insurance . Make sure you know your product and be able to build a relationship with your client , just do n't come across as a salesman trying to make a buck .


Input: Why Is Health Insurance More For Women?

Output: In the past health insurance cost more for women because they utilize health care services more than men . The Affordable Care Act contained provisions that made it illegal to charge different rates based upon gender . Beginning in January of 2014 all individual health plans must charge the same rate for men as for women .


Input: How Do You Qualify For Disability Insurance?

Output: You qualify for Disability Insurance by applying for a policy , just like you would for Life Insurance . You fill out an application and take a paramed exam in your home or other location of your choice . Not only do the DI underwriters look at your health , but they also take into consideration the nature or your job and the amount of income you make . Then they determine a rating based on the likelihood of your becoming disabled due to illness or injury , and how much Disability Insurance you can get based on your income . If your health disqualifies you , you may still be able to get a Disability Insurance policy with an exclusion , or get a graded DI policy .


Input: How Do You Qualify For Disability Insurance?

Output: From an underwriting stand point disability insuranceis one of the most rigorous insurance policies in whichto qualify . Not only does an underwriter look at your age , build , health status , lifestyle and state of residence but the earning and financial aspects like income and net worth . They will also want to know your occupation and how long you have worked in the industry .


Input: How Do You Qualify For Disability Insurance?

Output: If you are asking how do you qualify to obtain a Disability Insurance policy , the answer is that you must have an income , you must fill out an application that goes through underwriting just like Life Insurance does , and then you must be approved medically . If you are asking how do you qualify to collect a Disability Insurance benefit , you must have a disability that is not excluded from your policy and you must have waiting the length of time -LRB- elimination period -RRB- required to start collecting it .


Input: When Does Long Term Care Insurance Pay?

Output: Long Term Care Insurance pays when certain triggers are met , indicating that the insured person can not care for themselves without assistance . These triggers are the inability to pay for two or more ADL 's -LRB- activities of daily living such as bathing or dressing -RRB- and cognitive impairment . In tax qualified plans , the insured person must show evidence that they will need long term care for over 90 days . The benefit is actually paid after the days of the elimination period have passed .


Input: Can The United States Government Force You To Buy Health Insurance?

Output: Yes and no . While they can not force you to buy insurance , with the Affordable Care Act , they can make you pay an additional tax if you choose not to have health coverage . This tax is supposed to offset the costs that hospitals incur because they have to treat people even if they do n't have insurance . In general , you should get insurance because you never know when you may get sick or injured and medical bills can be huge . Talk to a local independent broker . They can assist you in finding the cheapest plan that meets all of your needs .


Input: Can The United States Government Force You To Buy Health Insurance?

Output: That is an interesting question ! I do n't suppose that anyone can force you to do anything that you do n't want to do , but they can make it unpleasant if you choose not do do what they ask . You can choose to speed , but you might get a ticket ; you can choose to carry an unlicensed gun in your car , but if found , you may spend some time in jail . We all make choices , and some have negative consequences . Buying health insurance is the same . Does buying it make sense ? Yes it does . Your options for treatment are supposed to be the same , should you need them and you have none , but I know -LRB- at least where I live -RRB- those services are n't always provided at the best possible providers . You still get them , but ... You also pay for the services of those who choose not to have insurance , whether you want to or not , through higher prices when you do need medical help . Medical providers are going to get paid one way or another . It also makes sense to have it because if you choose not to buy it , -LRB- and help lower costs for everyone -RRB- the Government can and certainly will levy a tax fine against you , one that increases over time . Can they force you to buy ? Nope , anymore than they can force you to do anything else . I hope that answers your question , and thank you for asking it !


Input: Can The United States Government Force You To Buy Health Insurance?

Output: My colleagues have pretty much hit the nail on the head . The Health Care Reform Act includes provisions that in effect , `` require '' everyone to be covered by an approved health insurance plan , be it a group or individual contract . The general idea is that if everyone in the United States is covered , then not only will everyone have more access to health care with a means to pay for it , but the costs will be lesser because the insured pool is larger . One of the foundation principals of any insurance is referred to as `` the law of large numbers '' . THis concept means that the larger the pool of insured folks sharing the risk , the more affordable the insurance . That having been said , the rules of the game with our system now certainly do `` strongly encourage '' everyone to have health insurance . And the consequences of chooosing to go against this are some pretty hefty additional taxes that can grow larger with each passing year . Bottom line , please obtain the insurance .


Input: Can The United States Government Force You To Buy Health Insurance?

Output: Boy , what a question . For me , it gets to the root of what is wrong with government these days . Im going to speak bluntly because I feel very strongly about this issue . Even though I sell life insurance for a living , I have had extensive experience in the medical insurance marketplace . I am also a consumer , and have to buy the product for myself and my family . And , I am a patriotic American who wants to see our country run the way it should be . Everybody needs medical care . If the insurance marketplace is left to run by its own devices , the vast majority of people will end up with a product that they like , at a price they can afford . If a small minority of people end up without coverage for whatever reason , their needs can be easily addressed . This could take place with a government safety net , an innovation by private companies , or some combination of the above . Either way , everyone will be able to have some form of coverage so that the cost of getting medical attention could be kept affordable . Beyond making sure that healthcare products and services are safe and secure , I cant see why government invention would be needed at all to make this system work . Next point : nobody is entitled to medical insurance . Frankly , nobody is entitled to anything . A government should not be in the business of providing the stuff to which we think we are entitled . The whole notion of government taking care of you from cradle-to-grave is horribly misguided . A gargantuan state and federal bureaucracy can in no way give each and every man , woman and child the treatment they deserve every day of their life . Last point : giving this gargantuan bureaucracy the legal power to force you to do business with it is a travesty of justice . We have made a horrible mistake by giving the federal government the right to tax or penalize us when purchasing health insurance . We have let it get much too cozy with the corporate providers of healthcare . Who exactly is benefiting by this illicit partnership ? Is it you ? Is it me ? Do we actually have the health insurance we need at a price we can afford ? Many Americans do not . So the answer to your question is yes , the United States government can force you to buy health insurance , and we have nobody to blame but ourselves for this sorry state of affairs .


Input: What Medicare Plan Is Best?

Output: Medicare Supplement Plan F and Plan F Plus which is the same but with a $ 2140 deductible fill in the coverage gaps best for Medicare Parts A and B. if the doctor or facility accepts Medicare patients , these plans will do the job best without having to choose from a network of providers . They also provide Nationwide coverage .


Input: What Medicare Plan Is Best?

Output: Deciding which Medicare Plan is the best depends a lot on your specific needs . There are 11 different Medicare Supplement plans . The best place to start is to contact an independent agent that specializes in Medicare Supplement plans . A good agent will be able to show you all top rated plans available to you and analyze your needs to help you determine which plan is best for you . If done correctly , the whole process will seem easy . Plan F is the most comprehensive plan but it may not be the right fit for you . There are Medicare plans similar to Plan F but the premium can be a lot less .


Input: What Medicare Plan Is Best?

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


Input: Can You Use Life Insurance To Pay For Funeral?

Output: Yes , you can use Life Insurance to pay for a funeral . In fact , if you are working with a funeral home , they will help with that process . Life Insurance Death Benefits are there to relieve financial stress especially following the immediate death of a loved one . Life Insurance was first created for this particular reason . It was and still is called Final Expense , designed to cover the funeral expenses and other costs associated with and during the grieving process . Now , you can use Life Insurance Benefits to maintain a standard of living , help supplement income , etc. .


Input: Can You Use Life Insurance To Pay For Funeral?

Output: Great question ! Yes , in fact , in many parts of the country , life insurance was marketed as `` burial insurance '' , and in some circles , still is . Many people do not have the money to invest in large life insurance policies , yet want to protect their family from the expenses of their passing . It is very common , and affordable , to buy a policy that is large enough to provide for a funeral , and leave a little behind for the family . If you would like help finding a policy like that , please feel free to contact me , I 'd be happy to help . Thanks for asking !


Input: Can You Use Life Insurance To Pay For Funeral?

Output: I have been a Certified Preplanning Consultant and preplanned over $ 1,000,000 of funerals through a local funeral home , with many of them funding their funerals at the same time . It gave me a deep appreciation and understanding for what is needed , and the creative ways that people pay for , their final expense needs . I have come to believe that purchasing a life insurance policy on your own is an excellent way to pay funeral costs . You can assign the policy to the funeral home , if you wish , with a stipulation that the remainder of the death benefit go to your beneficiaries . This is even allowable in a Medicaid spend down . To ensure that your funeral costs do not exceed that amount , you may pick out the items for your funeral or memorial service , and sign a contract for the cost -LRB- the funeral home will probably want to add a modest increase each year , so your policy will need to be little larger than the cost of the funeral you have chosen -RRB- . Or you may leave the proceeds to a family member who you trust to pay for the type of services you desire . Again , the excess death benefit can go to pay for other costs associated with your passing , or to your beneficiary 's personal needs . When my father died last year , our funeral director went so far as to submit the death claim for us . Dad 's having personal life insurance for that purpose was a huge blessing to our family . I highly recommend it .


Input: Can You Use Life Insurance To Pay For Funeral?

Output: Yes . This is one of the most common reasons why people buy life insurance . In fact , there 's a specific category of insurance referred to as burial insurance / final expense insurance . These are typically low face amount figures -LRB- generally $ 25,000 or less -RRB- and are whole life policies . Most people buy larger face amounts to cover a range of expenses -LRB- e.g. pay off the mortgage for their house , loans , etc. -RRB- , use it for estate planning purposes , and to leave a legacy behind to their loved ones . Please note , the proceeds that are paid out from a life insurance policy belong to the beneficiary and they can use the monies however they choose .


Input: Can You Use Life Insurance To Pay For Funeral?

Output: Yes . Paying for funeral expenses was one of the primary reasons for the invention of life insurance , right after providing some degree of financial security for the family and/or loved ones the insured leaves behind . Funeral homes have a high degree of expertise in working with life insurance companies to coordinate the payment for their services with the life insurance carrier . While this can be of great comfort to bereaved family members at the time of loss of a loved one , a person should exercise caution in these situations . Funeral homes after all are a business and they are in business to make a profit . Most funeral homes are honorable and reputable but as with any industry there are those who operate on the margins to put it politely . Giving them the keys to the kingdom when a person is emotionally distressed is often unwise and can leave a person vulnerable to lots of `` upselling '' and excessive expenses . It is always wise to attempt to make plans for funeral arrangements well in advance of the actual need .


Input: Can You Use Life Insurance To Pay For Funeral?

Output: YES . Absolutely . There is , in fact , Final Expense Life Insurance , for just such a cause . It typically is a low amount life insurance policy , of say $ 10,000 - $ 20,000 . However , most folks buy life insurance in larger amounts , so their family and friends can get some funds to help them go on with their own lives , and not just to pay for the deceased person 's funeral . Your call , after a conversation with a life insurance expert . Thank you . GARY LANE


Input: Can You Use Life Insurance To Pay For Funeral?

Output: Life insurance proceeds are spent at the direction of the beneficiary . Frequently the beneficiary uses the proceeds of a life insurance policy to pay final expenses including funeral expenses . Some policies are arranged in such a way as to insure that the proceeds pay funeral costs . These policies are marketed through various funeral homes . However , if the beneficiary is a natural person and doesnt want to use the proceeds for a funeral , that is entirely their decision .


Input: What Are Non Qualified Annuities?

Output: Non-Qualified is a term generally used for non ERISA retirement plans or qualified plans . A life insurance company does n't manufacture qualified products . Annuities , like life insurance , start out as non-qualified product lines not under the jurisdiction of ERISA . Non-qualified annuity payouts distribute basis tax free , whereas qualified annuity payouts are all taxable , even basis .


Input: What Are Non Qualified Annuities?

Output: The term qualified has to do with the tax code . If the annuity receives special treatment under the tax code it is qualified , if not , it is non-qualified . Non-qualified annuities are personally purchased plans that accumulate money while deferring taxes and have the amazing ability to provide a steady stream of income for the life of the annuitant .


Input: What Are Non Qualified Annuities?

Output: Non qualified annuities are one of two types of annuities classified by the IRS . Qualified annuities are usually funded by an employer with pre-tax dollars from an employee 's earnings , and possibly with matching funds from the employer . Non qualified annuities are obtained privately , and are funded with after-tax dollars . Non-qualified annuities are not subject to federal laws governing contribution caps and mandatory withdrawals .


Input: Can You Have 2 Renters Insurance Policies?

Output: In theory , there is nothing to prevent someone from obtaining more than one renter 's policy to cover the same property and liability exposures but should a claim occur most policies have language requiring you to declare other insurance that may cover your claim . Failing to declare the existence of other insurance may void your coverage entirely . If other insurance is available , the policy will outline how the claim would be addressed . In some situations , like property coverage , each company would `` share '' the loss . In others , each insurer may share the loss or one policy would be considered `` excess '' of the other and payment would be made only when one policy 's limit is exhausted . You may also find questions concerning `` other insurance '' on the application you complete and sign when purchasing insurance . Many companies may shy away from writing coverage when they know duplicate coverage exists . Generally , I would say it is not a good idea to have two renters policies covering the same insured .


Input: Can I Use Medicare In Another State?

Output: Yes , you can use Medicare in another state . If you are traveling within the US and need to use medical services in that state , Medicare will pay for your care in almost any hospital or clinic . If using a Medicare Advantage plans , you may need to pay extra if you go to a provider outside your network .


Input: Does Home Insurance Cover Mold In The Attic?

Output: As a rule the answer would be no . Mold is caused by long standing dampness . Your homeowners policy may cover leaking roof due to wind or other covered peril but it is not going to cover mold in most situations . Check with your local agent to see if there are any exceptions in your policy .


Input: How To Find A Good Life Insurance Agent?

Output: Since you are internet savvy , one good place to find a good life insurance agent is on the internet . Obviously , reading answers by agents on this website will help you find some very good life insurance agents . When you visit life insurance websites , look for icons -LRB- such as TRUSTe -RRB- that show that the site is secure . Look for testimonials that sound genuine and not canned . You can check to see if the insurance agency , or the agency he/she represents , has complaints against them . Finally , interview agents to see if you are comfortable with sharing your personal information with them , and feel that they are being honest with you . That trust is crucial when purchasing something as sensitive and important as life insurance .


Input: How To Find A Good Life Insurance Agent?

Output: Find an agent who listens . One of the key talents of an outstanding agent is the ability to listen to a client 's wants and analyze their needs , and supply them alternatives which meet both . The very best agents are outstanding and these things and will make you happy , as part of a long term relationship . You an find such agents at the very finest of companies . Gary Lane , Agent , New York Life , 714 422 9616 . Please call . Thank you .


Input: Which Company Is Best For Health Insurance In India?

Output: It is really impossible to say any one company is `` best '' for all situations . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents all the major companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . If you are eligible for financial assistance from the Affordable Care act , you should also make sure the agent you speak to is certified to sell on the exchange . There are only a small number of companies offering `` Omabacare '' plans in Indiana at this time . In some counties , Anthem Blue Cross is the only company available on the exchange at all . They do offer several different plans , with varying costs and coverage .


Input: How Much Is Medicare Part D For 2013?

Output: It depends on the plan in your area . United HealthCare has a PDP for $ 15 / month I have seen some over $ 50 per month . Do n't go by price alone however . You need to base the plan you select on what drugs you take and whether or not they are in the plan formulary . Every Formulary is different . Premium is just one factor . Go to Medicare.gov and you can put your prescriptions into the system and find out which plan is right for you . If you have problems doing this I can help over the phone or you can consult a local agent certified to do Medicare plans .


Input: How Much Is Medicare Part D For 2013?

Output: Medicare Part D premiums vary by zip code and drug formulary . A plan that is available in your friends area may not be available where you live . Be careful when you shop and compare Part D plans . Do n't go strictly on a friends recommendation or because the plan is promoted by someone such as AARP or is from a known carrier like Blue Cross . Use the Medicare drug formulary finder to pick the best plan for your needs and budget .


Input: Can You Buy Auto Insurance Out Of State?

Output: You must purchase your auto insurance policy in the state in which the vehicle is registered due to the regulatory framework of the insurance industry . Every state has regulatory agency that approves rates and coverage for companies operating within that state . If you own multiple vehicles in multiple states you would need to buy separate policies within each state .


Input: Does Part A Medicare Cover Outpatient Surgery?

Output: Medicare Part A is for inpatient surgery as well as other claims incurred while an inpatient in a hospital . Part A coverage includes room and board , medications dispensed and administered while an inpatient , lab and most other charges incurred as an inpatient . Medicare Part B covers outpatient surgery in a clinic or doctors office .


Input: Can I Rent A Uhaul Without Auto Insurance?

Output: Probably so , yes . You see , in many cases , if you had automobile insurance , it may not extend coverage onto a commercial van or truck like that anyway . So in a case like that even if you had your own insurance , you would need to obtain the coverage that Uhaul might offer as part of their package .


Input: What Does Medicare Supplement Plan G Cover?

Output: Medicare supplement Plan G covers the following benefits : 1 . Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up 2 . Medicare Part B coinsurance or copayment 3 . Blood -LRB- first 3 pints -RRB- 4 . Part A hospice care coinsurance or copayment 5 . Skilled nursing fcility care coinsurance 6 . Medicare Part A deductible 7 . Medicare Part B excess charges 8 . Foreign Travel Emergency -LRB- up to plan limits -RRB- Out of the 9 benefits available under Medicare supplement -LRB- Medigap -RRB- plans , Plan G covers 8 of them - the 9th benefit being your Medicare Part B deductible -LRB- $ 147 in 2014 - covered under plans C and F -RRB- . Plan F covers all 9 benefits . Medicare supplement plans are standardized ! Meaning plan G from company A is the same plan G from company B. Work with an independent agent/broker that can compare different carriers to determine which will be most suitable for your program .


Input: What Does Medicare Supplement Plan G Cover?

Output: If you have Medigap Plan G , Original Medicare will pay it 's share of Medicare approved amounts and then Medigap Plan G will pay it 's share . It boils down to this . . Original Medicare pays 80 % of Medicare approved amounts , Plan G pays the remaining 20 % of Medicare approved amounts after you have met/paid the annual Part B deductible of $ 147 . Once that $ 147 deductible is met , you are covered with the same benefits as Plan F. Thank you for reading my response . Please let me know if I can be of further assistance .


Input: Does Health Insurance Cost More For Smokers?

Output: Health insurance cost more for smokers om most medical plans . The exception is a `` short-term '' policy with selected carriers . For temporary policies , often the smoking status is not considered in determining the rate . When State Exchanges/Marketplaces begin offering coverage -LRB- You should continue to purchase coverage through a broker and/or their website -RRB- in 2014 , smoking will impact all plans . Although any existing conditions will not impact the rate , smoking will . So if you can stop , it will save money . If you ca n't , many smoking cessation expenses will be covered under the new plans .


Input: Which Are The Best Annuities?

Output: All savings and investment products should have a determination process to qualify as suitable for purchase by the saver or investor . Non-qualified annuities , whether fixed , indexed or variable , are no exception . A personal financial profile that includes a risk tolerance test , financial goals , effective tax bracket and a life expectancy report is necessary to establish the type of annuity that should be purchased .


Input: Which Are The Best Annuities?

Output: The best annuities are the ones you own . If you are choosing which annuity to buy , you will find that there is a wide range of options available . There are two basic types of annuities , immediate and deferred . If you have funds that you are prepared to invest now in exchange for an income flow that starts immediately , then you want an immediate annuity , otherwise you want a deferred annuity . The range of annuities ranges from guaranteed to speculative . Some require specific licenses . The investment should be paired with your risk tolerance . The best annuity is one that does not cause you stress and meets your financial objectives .


Input: Does Homeowners Insurance Cover Stolen Bicycles?

Output: Bicycles are personal property . As such they are covered under your homeowners policy . Your homeowners policy has a deductible . That deductible might exceed the value of the bicycle . Often homeowners policies have earned a discount for being claims free . Sometimes losing that discount is a major issue . Contact your agent prior to submitting a claim .


Input: Does Renters Insurance Cover Windows?

Output: It may , many renters insurance policies provide coverage if windows were damaged by a covered incident less the policy deductible . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Is Critical Illness Insurance PPI?

Output: Critical Illness Insurance is not the same type of policy as PPI -LRB- Payment Protection Insurance -RRB- . Critical Illness Insurance pays a lump sump to the insured person if the Insured suffers a qualifying illness or health condition . PPI makes payments for a mortgage or large loan if the insured person is unable to work due to an accident , illness , or losing their job . It might also pay off the loan if the insured person dies due to that condition .


Input: Is Critical Illness Insurance PPI?

Output: Critical Insurance in the United States is not PPI . The United States does not have Payment Protection Insurance , per se . There are life insurance policies sold with some mortgages and loans that would pay off the loan in case of death , in the US . Critical Illness insurance pays the insured person a lump sum so that they can pay their debts as they see fit .


Input: What To Do When You Can't Afford Car Insurance?

Output: Great question ! That is a tough place to be , but it will be much worse if you get caught driving without it , so please do n't do that . The best way is to see if you can be added as a driver on someone else 's policy - a parent , or spouse ? If not , look for bare bones policies with a higher deductible - and then be a very careful driver ! You might also look into getting the policy through a company that you have other insurance with - often they give big discounts when you add policies . There are policies out there that are affordable for almost everyone , find an independent agent -LRB- one not tied strictly to a big name company -RRB- and have them help . feel free to contact me if you would like help.Thanks for asking !


Input: Can Race Car Drivers Get Life Insurance?

Output: Race car drivers can buy life insurance . It 's important to disclose this profession -LRB- or hobby -RRB- upfront when purchasing a policy . Many insurance companies have specific forms to complete when applying for coverage . These forms are designed to provide the insurance company with the details of the driving activities . Using those details , the insurance company will make a decision on whether or not they will insure that race car driver and how much extra that person may pay because of the risks involved .


Input: Can Race Car Drivers Get Life Insurance?

Output: As with most hobbies or recreations , motor sports has a wide variety of types and levels of participation . The impact that race car driving will have on your ability to get a life insurance policy and the terms of that policy will depend on the specifics of your particular type -LRB- s -RRB- of racing . Racing in sanctioned sports car club events or in a hobby stock division at a local short track will have no impact on your ability to get life insurance . Being a test driver for an F1 team will make you uninsurable through any standard life insurance company . This is another great example of why getting life insurance as soon as you are able can be such a good idea . People rarely start racing at very dangerous levels . Similar to the way your chances of having health problems increases with age , to some extent your opportunity to have risky hobbies also increases through your twenties and thirties . It generally takes some amount of career and financial success to afford many of these avocations . Fast cars , fast boats , airplanes , mountain climbing vacations and the like all require money that usually comes a little later in life . By getting a good amount of inexpensive insurance when you are young , you may avoid paying for some risky behavior you pick up down the road . Just a little food for thought you future dare devils :-RRB-


Input: Can Race Car Drivers Get Life Insurance?

Output: Can race care drivers get life insurance ? Yes , race car drivers can by insured . There may an extra risk charge attached to the policy . It depends on the situation . Having placed race car driver with a life insurance company , what we made as a point of providing a ton of extra information about the actual safety of the racing curcuit .


Input: Can I Drive My Friend's Car With My Insurance?

Output: Insurance follows the car . The primary coverage for the car that you wish to borrow will be the policy that your friend has on the car . The coverage that you have in a policy on your car would be secondary insurance in the event a claim made against the borrowed car exceeded the limits of your friends policy . Your policy does not become primary coverage .


Input: I want to get 12 million policy per person can I do that and how much would it be monthly?

Output: That is a great question ! There are companies that will write you , certainly , and you will have willing agents lining up on your gated mansion doorstep looking for that business . For that size policy , you need to expect for some things to happen , that would n't for smaller policies . You will have a med workup like no other ; They will want a financial statement verifying that the amount of coverage is warranted , and some iron clad ID . It will take longer than the ordinary policy to underwrite and process also , so if you are looking for it to be done quickly , I 'd advise you to not expect that to happen . Call me , I 'll help you get those puppies written ! Thanks for asking !


Input: I want to get 12 million policy per person can I do that and how much would it be monthly?

Output: Yes , it is possible but that is a pretty high level coverage so it wo n't be a simple process that you can knock out in a few days . First of all , you and the others involved would have to have income levels that would justify such a coverage level . Usually policies of these levels are taken out for highly paid executives of corporations or wealthy families . It would be impossible to provide you with an estimated cost without much more detail -LRB- ages , sex , income/asset status , health , etc. -RRB- . I would be happy to assist you with this process but it is a process and obtaining coverage at levels you are asking about has much more involved in it that if you were looking for $ 50,000 in coverage on a group of people . That 's a lot of risk you are asking a life insurance company to take on -LRB- in fact , it is quite likely that at these levels you might have more than one life insurance company involved as they may want to split up the risk -RRB- . Let 's say you are some Silicon Valley firm where all the officers/founders now find themselves multi-millionaires and that there are 12 off you . And then for some reason all of you get on the same airplane -LRB- probably your private jet -RRB- and it goes down with all on board killed . That 's at least $ 144 million that the life insurer has to come up with in short order -LRB- quite possibly $ 288 million if an accidental death & dismemberment provision is included -RRB- . That 's a lot of cash for even the biggest life insurance companies to just pull out of their bank account . Please feel free to contact me if you wish to explore this coverage .


Input: I want to get 12 million policy per person can I do that and how much would it be monthly?

Output: Obtaining that amount of life insurance is possible . Important factors to consider are the safety of the company , the rate you pay and the underwriting criteria . With more than 34 years of expert and unbiased experience in the life insurance business , feel free to contact me to review your best options . LIVE answer provided by : Ed Harris - Premier life insurance broker since 1980 and owner of several of the nation 's top-rated websites that provide the lowest available rates .


Input: I want to get 12 million policy per person can I do that and how much would it be monthly?

Output: Yes this can be accomplished . I can help get your policy set up . Send me an email via the `` contact me '' button or call me -LRB- my contact information is on my agent profile page -RRB- . My agency represents over 50 companies and are licensed in over 35 states so we can shop the case to a large number of carriers to make sure that the program being set up will offer it at the lowest cost . I also wanted to clarify as you indicate `` per person '' in your question , are you looking for one policy with a face amount of $ 12,000,000 with multiple beneficiaries or multiple policies for a greater amount ? The cost of any policy will depend on a number of things - the risk classification is the most important factor as it determines the premiums for the policy . The risk classification is determined by the medical history - your gender , height/weight profile , any medications , any major medical conditions , family medical history , the results of the medical exam , any use of tobacco products , and other factors . Please note , with a $ 12,000,000 life insurance policy , the process may involve a reinsurance company and the carrier will likely ask for a financial questionnaire to make sure that the desired figure for the coverage is suitable to your income level and the financial need is justifiable . I hope the information is helpful - please feel free to contact me for help getting the policy in place and if you have any other questions . Thanks very much .


Input: I want to get 12 million policy per person can I do that and how much would it be monthly?

Output: The quote engine on my website quotes to $ 5,000,000 . You can input the gender , ages , build , and health conditions of the persons you are looking to cover to get an idea of what the premiums will be for them . Take the result times 2.35 to get the approximate premium for $ 12,000,000 . My expertise is in finding the best health rating and price for each person . Whenever you are looking at more than one person , there is a health factor involved , that possibly , not even the applicant is aware they have . After 12 years of finding the best quotes for hundreds of impaired risk applicants each month , I can definitely help you in that crucial and foundational step . After finding your best carrier , I would work with the `` big case '' department of that company to knock out the details . They know all the ropes so you can get the rate you qualify for . I am connected with a prestigious brokerage whose reps will bend over backwards to help get this done in the smoothest possible fashion . If you would like my personal assistance , I would be happy to help . As you can see , there are several good agents who put a lot of time answering consumer questions on this website , and I 'm sure that all of us are qualified in different ways , to pull this off for you . While we love to do this as a service , it is always a joy when one of our answers prompts someone to contact us .


Input: How Do Long Term Care Insurance Policies Work?

Output: Long Term Care Insurance policies pay you or the facility you are residing in for the care you are receiving in the event that you need long term care -LRB- LTC -RRB- services . You must meet the qualifications , and depending on the elimination period you chose on your policy , there will be a waiting period before payments start . Payments will end when the years you chose are used up or the lifetime dollar amount of the policy is used up .


Input: How Do Long Term Care Insurance Policies Work?

Output: Long term care insurance policies can cover extended stays in nursing homes or convalescent care at home in contrast to long term care riders on mortality products like life insurance or annuities . Each contract has duration provisions spelled out in the policy . Its important to understand the elimination or waiting period and incorporate it your retirement planning .


Input: Section 125 Employer Health Insurance Plan What Is It?

Output: A Section 125 plan allows employees to pretax their portion of health insurance premiums for medical , dental , vision , etc. . In addition there are two other options that help employees . You can defer from your paycheck and pay for allowable expenses under the IRS code section 213 up to $ 2,500 a year . This inculdes deductibles , co-pays , co-insurance , dental and vision expenses to name a few . The third component is the ability to defer up to $ 5,000 a year to pay for allowable child care for children under 13 . By paying for your reimbusrible medical expenses and childcare through a Section 125 plan you are using pre-tax dollars and will not pay income taxes on those funds . It is like having the government pay 25 % of your medical and childcare expenses .


Input: Who Regulates Health Insurance In Missouri?

Output: Health Insurance in Missouri is regulated by Missouri Department of Insurance . Their web site is WEBSITELINK . Of course , depending on why you need information on who regulates Health insurance in MO , but if you are working with agent he/she should be able to answer your question and direct you .


Input: How Long Does It Take For Disability Insurance To Kick In?

Output: I believe you are asking when the disability insurance benefits begin . All disability policies have a waiting period called the elimination period . This can be found on the declaration page in your policy . The elimination period is the period of time between a medical diagnosis of the disability and when benefits begin to pay to the insured . The most common elimination periods are 30-60-90-180-360 days .


Input: How Long Does It Take For Disability Insurance To Kick In?

Output: The amount of time it takes for disability insurance to kick in depends on the elimination period chosen when the policy was purchased . The shorter the elimination period , and the sooner the disability benefits kick in , the higher the premium usually is . A common elimination period for long term disability insurance is three months .


Input: What Does Dave Ramsey Think Of Annuities?

Output: What does Dave Ramsey think of Annuities ? Not really sure as I do n't follow Dave Ramsey that much . Dave is the current financial `` guru '' gracing the airwaves . There were many before Dave and there will be many after Dave . While Dave 's message about getting out of debt and staying out of debt is a fine one , similar to the one my mom told me many years ago , Dave does n't always understand financial products that well as honest advice on them might conflict with his message .


Input: What Does Dave Ramsey Think Of Annuities?

Output: Allegedly , Dave Ramsey is not a big fan of annuities . He believes in limiting and as quickly as possible , eliminating debts . But Mr. Ramsey is simply one voice among many who have opinions of annuities . A Certified Financial Planner will provide you with unbiased advice regarding the suitability of annuities in your portfolio .


Input: Is Medicare Self Sustaining?

Output: Medicare is not self sustaining . It was never designed to be . When LBJ signed Medicare into law he knew then that costs would outrun tax revenues but he was more concerned with a legacy law than fiscal responsibility . Aging boomers + a sluggish economy = lower tax revenues . Medicare is kept afloat by shifting the cost to seniors and providers .


Input: How Much Does The Average Person Pay For Homeowners Insurance?

Output: The Average Person pays a wide variety of premium rates for homeowners insurance in the USA . Each State has a separate Department of Insurance and whole new set of rules regarding setting rates and risk assessment . Homeowners Insurance varies depending on geographic location , reconstruction cost of risk and prior history . There are also additional factors inclusive but not exclusive of optional limits required , amount of deductible and additional endorsements . If one is seeking a cheap but good homeowners insurance policy , the best way to handle it is obtain an online quote , request the minimum limits available forthe dwelling , the minimum personal liability limit available and the maximum deductible option ; these entries will produce the lowest rate for the specific home . Please do take into consideration thatthe lowest premium will beoffered by ` preferred insurance carriers ' who specialize inclaim free homes which are maintained inexcellent repair and display pride of ownership . To provide a simple , direct and online option to obtain a quote , the following link is available in multiple States : WEBSITELINK The above link will allow a client or a real estate professional to obtain a quote and purchase the insurance directly online .


Input: How Much Is Home Insurance For A Condo?

Output: A condominium is a collection of individual home units and common areas along with the land where the building is built . Individual home ownership within a condominium means ownership of only the air space confining the boundaries of the home . The exterior walls , common areas and other property are owned by the condominium association . The result is that a condo policy does not cover anything except the inside of the condominium unit .


Input: How Much Tax Do You Pay On A Life Insurance Policy?

Output: There is really only a couple of situations when life insurance is taxable . If the death benefits go to a proper beneficiary such as a person , organization or business , they will be tax free . If the cash value is `` borrowed '' from a cash value life insurance policy , it too is tax free . The first taxable situation on death proceeds is if the beneficiary is the estate , this can trigger taxation . Be sure this is not the case . The second taxable situation is with the cash value of a policy that is allowed to lapse or surrendered , which is life insurance speak for cancelled . In these cases the excess gains would be subject to ordinary income taxes . I highly recommend talking over options with your agent , advisor or insurance carrier before making a costly decision .


Input: How Much Tax Do You Pay On A Life Insurance Policy?

Output: The only taxed dollars usually on an insurance policy are those used to pay the premium . The death benefit is usually income tax free . I use the word usually because there are always exceptions to the rules depending on the situation . Generally , the IRS wants a tax paid on either the money going in or the money coming out . So your retirement plan allows you to write off the money paid into the plan while it 's growing . Then when you start to withdraw those funds , the IRS applies taxes to them . Life insurance works in the opposite direction . You pay taxes on the premium collected and none on the death benefit and depending on what type of policy you 've purchased and how you 've structured it anywhere from `` none '' to some on the gains . That is why some people choose to use a life policy as a supplement to their retirement plan . The combination creates the opportunity to minimize taxes at the start and finish of your plan .


Input: How Much Tax Do You Pay On A Life Insurance Policy?

Output: A life insurance death benefit is received by the beneficiary income tax free . If the deceased 's estate , including the death benefit paid by the life insurance policy , is over the amount exempted from state and/or federal income taxes , the beneficiary may be requested to pay part of the estate tax .


Input: How Much Tax Do You Pay On A Life Insurance Policy?

Output: The taxation of life insurance is relative simple . The death benefit is income tax free to a live beneficiary . The death benefit is not included in the estate but the value of the proceeds can be used to determine potential estate tax . If a life insurance policy is surrendered that amount that is in excess of the premiums paid is subject to income tax as received . Generally it is determined that the principal is withdrawn first so taxation doesnt occur often . The taxation of life insurance makes it an important part of a financial plan .


Input: How Much Tax Do You Pay On A Life Insurance Policy?

Output: Life insurance proceeds are received by your named beneficiary and are not subject to either federal or state tax . That having been said , if the proceeds are invested , then any growth that is realized is taxable by both the Feds and the State as income . There may be Estate Tax issues depending upon the circumstances so be sure to discuss this with your Tax Professional .


Input: Does AIG Sell Life Insurance?

Output: AIG sells life insurance through its subsidiary American General . As you may or may not be aware , that AIG was bailed out through loans and stock ownership from the government . Since that time AIG has paid back all loans to the government and its subsidiary , American general , has enjoyed a resurgence in sales and brand recognition .


Input: Why Is The Market For Long-Term Care Insurance So Small?

Output: The market for Long Term Care Insurance really is not a small market . Thousands of people who need Long Term Care Insurance do not purchase it for one reason or another : price , denial , and lack of information all play a part . However , the market is reduced by age -LRB- most people do not have an interest in purchasing long term care insurance before age 50 -RRB- , health -LRB- at older ages , more people are disqualified due to health problems -RRB- , income -LRB- many retired persons do not have the income to sustain payment of long term care insurance premiums -RRB- , and assets -LRB- without assets to protect , there is less need for LTCI coverage -RRB- .


Input: Why Is The Market For Long-Term Care Insurance So Small?

Output: In my opinion there are three factors that regulate the size of the long-term care insurance market : - Fear . No one wants to consider , discuss , or especially visualize themselves as unable to take care of normal daily activities of elderly life . Its almost as if some people say , `` If I do n't think about it , it wo n't happen to me '' . There is great anxiety over whom among their relatives or close friends might end up being their caregiver . Many people are scared that they wo n't be able to afford the cost of long-term care . They simply do not want to `` go there '' . It is too scary . - Denial . `` If I ever get that way , just take me out in the back yard and shoot me '' is the classic sign of superficial denial . Such a statement is not made with any degree of sincerity , but what it really says is that the person knows it could happen and that they do not want to live that way and be a burden to their spouse of extended family . But , not to worry . There must be a government program out there that will take care old people that have nowhere to go when they ca n't take care of themselves . Certainly , in a country as rich as ours , no one will allow another to die alone or in the gutter . - Lack of experience . The vast majority of people age 45-65 have not had to care for an elderly relative or close friend . They have no idea of the psychological and emotional energy expended in taking care of a person 24/7/365 . They have never gotten an invoice from a skilled nursing service or had to go shopping for a facility and compare prices for monthly care , nor have the ever even been inside a nursing home and seen the conditions that some elderly have to endure because they did n't have a choice . To turn the question around a bit : Who are the people that do buy their own long-term care insurance ? Most of those that do have gone through personal care giving . They know the challenge . They know the commitment . They know the costs . They know the sacrifices that others in the family have to go through . They know that extended , expensive , long-term care can effect two - even three - generations.About 8 % of the American population has purchased their own long-term care insurance . About 17 % or more of that same population is going to need two years or more of skilled long-term care , either at home , or in a facility or both . Medicare is currently footing about 30-40 % of that bill . As the boomer demographic moves through the age of needed care , who is going to pay for it ?


Input: Is Life Insurance At Work Enough?

Output: The group Life Insurance offered through work is usually not portable , meaning that when you quit or leave the company you lose the insurance , it does not go with you . Some plans will allow you to convert a portion when you retire but the rate will be very high in most cases . I recommend having insurance other than your group plan .


Input: Is Life Insurance At Work Enough?

Output: Besides not being able to take your policy with you when you leave , most businesses offer employees only one to two times their annual income in group life insurance , and this is not enough coverage for most people . Group life insurance also does not have all the options that private policies can give you .


Input: Can I Sell My Term Life Insurance Policy For Cash?

Output: Typically no . A term life insurance policy is rated for you individually based on your age and medical history . It carries no cash value . The only market that exists for term life insurance policies is if you are in a scenario in which your life expectancy has been seriously diminished and you are likely to die within the term policy period , for example you are diagnosed with a terminal illness such as cancer . If you are given 1 year to live and you have 10 years left on your term policy , then there may be a market to buy your policy . However , this is not a good idea as the cash you can get will be substantially lower than the death benefit on the policy . Additionally , some insurance companies , such as Liberty Mutual , include a rider in life insurance policies that grants the insured access to a portion of the death benefit in the event of a terminal illness or complete disablement . Additionally , once the policy is sold there is no recourse to regain ownership of the policy and you have no right to any portion of the death benefit .


Input: Is Life Insurance Mandatory In Illinois?

Output: No , Life Insurance is not mandatory in Illinois . There is no state or federal law that mandates that people purchase life insurance . Sometimes the court or a lending company , e.g. , may require that an individual purchase life insurance as part of a divorce settlement or to protect a loan . But the state of Illinois does not mandate purchasing life insurance .


Input: How Much Can I Expect To Pay For Auto Insurance?

Output: In California car insurance rates are approved by the state Insurance Commissioner . They take into consideration , the driving record of all the members of the household , the type of vehicle to be insured , the use of the vehicle , the annual mileage of the vehicle and where the vehicle is located . An inexperienced driver , with a lousy driving record , driving20 ,000 miles a yearin a new sportscar who lives in a densely populated area can expect to pay a great deal . Total Words : 82 ay a lot for auto insurance .


Input: How Much Can I Expect To Pay For Auto Insurance?

Output: I wish I could answer this question but , unfortunately , there are too many factors that drive your auto insurance premiums to be able to give you even a ballpark estimate . Your age , the car you drive , your driving record , where you live , what you own , what your credit looks like ... there are just too many factors that go into it . I 've seen premiums under $ 300 for a year to $ 4400 for six months and everywhere in between . Take my advice , find an agent you can trust to help you put together the right coverage for you at a price you can afford . Do n't just shop on price . You 'll only be happy when you pay your premiums , not when you have a claim or a lawsuit .


Input: What Is The Best Whole Life Insurance Policy?

Output: What is the best Whole Life Policy ? While there is no direct answer to this , the best answer is whatever policy will best protect your family . There are different types of whole life policies . The most common is ordinary whole life , also called `` straight Life '' or `` Permanent '' -LRB- cash value -RRB- Insurance . You pay a level premium for the rest of your life , as long as you are making your monthly premiums . The premium never increases and your policy accumulates cash value . How much life insurance -LRB- death benefit -RRB- will you need ? That determines on a number of factors such as : Do you have any children/grandchildren you want to leave money to ? How much of your income does your spouse depend on ? Who depends on you financially ? How much debt do you owe ? Do you want to leave money to your favorite charity ? You want to make sure you buy enough life insurance to cover your financial obligations if an unexpected or untimely death occurs . It is also important your premium fit 's within your budget . Because if you ca n't afford it , it is n't any good for you or your family . An insurance agent is the best person to get with to compare the different types of life insurance and find a policy that best suits your situation . I work with many top insurance carriers with the most competitive rates . I 'll do the shopping for you ! Thank you & Be Well , Mendy Douglas www.iflretirement.com/mendy-douglas/


Input: What Is The Best Whole Life Insurance Policy?

Output: The best whole life policy is the one that pays the death benefit when you die . Regardless of how much you paid in premiums , the death benefit will be greater in most cases . Your beneficiaries will appreciate your love and concern for them when they receive the benefit . The key is to have a policy in force .


Input: Who Has The Best Renters Insurance Rates?

Output: Stillwater Insurance Company has the Best Renters Insurance Rates in most States and most geographic areas . PersonalProperty coverage is available up to $ 300,000 , the minimum available limit of personal property is $ 10,000 for all states , with exception to CA and NM where it is $ 15,000 and FL where the minimum limit is $ 25,000 . Live in partners , such as a boy-friend/girl-friend , areaccepted on the same policy and both partners may be listed as Named or AdditionalNamed Insured . Two immediate family memberts -LRB- adult siblings or parent/adult child -RRB- are accepted on the same policy ; if more than two reside in the household , each would need their own policy . Spouses on one policy are always acceptable , but each adult child would need their own policy . Townhomes/Condos that are located over a store/commercial location/business are allowed . Actual business foot-traffic in the insured property is not allowed . AProperty Management Company of a home or apartment complex may be added as a Certificateholder under the additional interest option on the policy . There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be useddirectly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Why Do You Have To Have Renters Insurance?

Output: Renters ' insurance policies provide a considerable amount of coverage for a relatively small premium . For starters , it is extremely valuable coverage in the event of a loss to your personal property from perils such as fire , smoke , theft and others . It also provides some coverage for liability which can be of significant value . Other desired coverages can be economically added . From a personal standpoint , I saw the value first-hand when my Sons had a severe kitchen fire in their apartment in Raleigh , NC a few years ago . No one was hurt but the apartment became uninhabitable as a result of the fire and smoke damage . Because my Sons were astute enough to have purchased a renters policy , they were reimbursed for all of their burned and smoke-damaged possessions and they received reimbursement for living expenses elsewhere while restoration was being completed . Additionally , the landlord sued them for negligence related to the cause of the fire ... which was quickly thrown-out in court ... but the insurance carrier provided them a defense for the negligence allegation . All-in-all , it cost my Sons their very affordable premium and a small loss deductible to get back to their lives . Without the renters policy , they would have been ` hurting ' for a long time


Input: Why Do You Have To Have Renters Insurance?

Output: There are two reasons why you might be required to have a renters policy . Your landlord is not responsible for your personal property in the rental unit . If the unit was to burn and your property is destroyed you dont have a claim against the landlord . If someone is injured in your unit and sues you , it isnt your landlord that is responsible , it is you . To make sure that the landlord and you dont have misunderstandings and that the expense for the lawsuit is handled properly , the landlord is making it a requirement of your tenancy to maintain a renters policy and probably is requiring that he be named as an additional insured .