Input: What Happens When My Life Insurance Expires?

Output: Generally , when people ask about their life insurance expiring , they are referring to Term insurance . When the term of 10 , 15 , 20 , etc years is up , your policy may end , or you may choose to continue it at a much higher premium . Most people get a new Term policy when their current one expires . Sometimes Universal Life policies expire . Rather than having to start over , you can dump money into a UL to make it last longer . This does take a substantial amount of cash ; however , you can also reduce the face amount , as long as you are not already at the minimum face amount .


Input: What Happens When My Life Insurance Expires?

Output: What happens when you Life Insurance policy expires depends on the type of policy and the event . If the policy expires because it is reached the end of contract and there is no option for renewal , the policy end . For example term policies usually expire at a specified age . You usually have an option to convert to a permanent policy sometime before the expiry date . If you mean by expiring going out of force because of non-payment you , if you are healthy you can often reinstate the policy by payment of back premiums . Some policies have a cash value that is paid when the policy expires or matures . The policy wording would specify . If you have any questions , or feel that I could be of asssitance , please do not hesitate to contact me .


Input: Does Car Insurance Cover The Car Or The Person?

Output: Actually auto insurance can cover both . The physicaldamageportion of the policy will cover damages to the auto . This would be your collision and comprehensivecoverage 's You may carry medical coverage which could cover your own injury . Your policy will also have liability protection which would cover you -LRB- protect you -RRB- for injuries you cause to others and/or law suits . And you may have uninsured/under-insuredmotoristcoveragewhich would cover injuries to yourself and others in yourvehicleshould you be injured by an uninsured orunder-insuredmotorist . Talk to your local agent about thecoverage ` sand options of your auto policy .


Input: Does Car Insurance Cover The Car Or The Person?

Output: Car insurance typically follows the car . That is , if you are insuring your car and you lend the vehicle to another driver , your insurance pays the damages . Also , if your car is stolen , ofcourse the damages caused would be covered by your own insurer . Each state is different so it is important to speak to a broker about your current state laws regarding following the driver or car .


Input: Why Choose Variable Life Insurance?

Output: It should be antithetical to cover an indemnification risk with a risky product like variable universal life -LRB- VUL -RRB- and an expensive life insurance product it is . If you need life insurance coverage , VUL is too expensive and takes on too much management for the common investor . Howeverthat being said , forexperiencedinvestors that are accustomed tomarket riskwithproductslike electronically traded funds or mutual funds , VUL may be an alternative for their long term equity position . Keep in mind that VUL is very popular with wealthy investorsbecauseof the tax favored features of VUL : deferral duringaccumulationand potential tax free income if the contract is kept in force for the life of the insured .


Input: Does Renters Insurance Cover Hotel Stay?

Output: Great question ! Many policies will cover hotel stays if the home is damaged to the point that it is uninhabitable . I would advise you to contact your agent to ensure that you are indeed covered , and the period or dollar amount that the coverage allows , as there will be limits . If I can help in any way , please contact me . Thanks for asking !


Input: Who is responsible for implementing my investment strategy? Insurer? Me?

Output: You may have already gotten this resolved but since I have not seen anyone respond to this I thought I would put in my 2 cents worth . Everything you mention makes sense to me . When the company switched the accounts to the guaranteed fund the only way to switch it back would be to notify the company , usually with a company allocation form identifying the new allocations . What troubles me is that from what you are saying , there is no notification of the process . My best guess is there is something in the small print you have which talks about the process but without seeing any of this I can not directly help -LRB- there are no attachments on this venue -RRB- . I would recommend finding a broker and see if they know what the process is specifically with the company the policy is with .


Input: How Much Does Health Insurance Cost In Nebraska?

Output: Many companies , at least nine , stopped offering coverage in Nebraska last year as a result of the Affordable Care Act . This left consumers with far fewer options to chose from , in most counties only Blue Cross Blue Shield and CoOpportunity Health are your only two options . As a result , prices rose for many , especially those not receiving premium subsidies . There is really no such thing as a true or accurate `` average cost for health insurance '' that can be used to estimate the cost you should pay for coverage . When seeking the best coverage for your personal situation , it is always best to contact an licensed , independent agent that works with all of the major companies in your area . Their service is free , and can help you save thousands of dollars in the very near future , especially if you have any major medical claims .


Input: Does Life Insurance Test For STDs?

Output: No , life insurance does not test for STD 's , but the insurance application may ask whether you have an STD at the time you fill out the application . Life insurance does test for HIV antibodies , blood counts that may indicate infection , and other labs for conditions that may or may not have been sexually transmitted . But there are not tests done specifically for STD detection .


Input: Does Life Insurance Test For STDs?

Output: Depending on your age and amount of life insurance you apply for , a medical exam as well as a blood profile and urine specimen may be called for . Insurance companies do not test for everything , but they do look for issues that are likely to affect a person 's life expectancy . At a minimum , companies will screen for HIV and AIDS , even though these conditions are not necessarily transmitted sexually .


Input: Does Life Insurance Test For STDs?

Output: No , a life insurance policy does not specifically test for STD 's . Certain abnormal blood or urine test results could indicate that an STD might be present , but the only way that would be verified is if it was noted on the application or in a phone interview required by the underwriter . It is important to give that information if asked .


Input: Does Life Insurance Test For STDs?

Output: The life insurance underwriting process involves application questions , blood and urine lab testing , paramedical exam for vitals and medical history and possibly a review of medical records if the underwriter needs them . The application has medical history questions which include STD but they do n't use the lab testing for that . Answering yes is unlikely to have an impact on the underwriting process however .


Input: My 16 Year Old Son Wants To Start A Pet Care Business In Our Neighborhood. Should He (or I) Get Liability Insurance?

Output: Go check out the business insurance offered by PSI-Pet Sitters Int ` l . They offer policies specifically for pet sitters . If their policy allows a minor to purchase it , I would go that route . You may have to purchase it for yourself & list your son as an employee . You may have to be the business owner and ` delegate ' all the pet sittings to him .


Input: My 16 Year Old Son Wants To Start A Pet Care Business In Our Neighborhood. Should He (or I) Get Liability Insurance?

Output: Entering business without appropriate liability insurance can result in financial consequences that will dwarf the premium that would be required to have coverage . Just because he is 16 years old will not relieve him of the financial responsibility in the event of an occurrence where someone is injured or property is damaged . I do n't buy into the notion that insurance gives a business credibility but I do agree that it is the best single method of protecting assets and the future ability to earn a living . At 16 years old , another issue develops and that is whether or not he meets legal requirements to start or open a business or can entered into contracts . And , because your son is not of a legal age , will his parents or legal guardian be responsible for any losses that occur in the operation of the business ? If a case can be made for the inclusion of parents or guardians into a claim or lawsuit , the stakes just went up dramatically . So , insurance is a minimum necessity . One other thought . Insurance carriers may not insure your son because of his age , but they are more likely to concern themselves with the combination of his age and lack of business experience . Many carriers having the best rates have the requirement of at least a few years of experience . While coverage may be available in a specialty insurance marketplace , our best carriers will generally have issues with a 16 year old new business customer first entering and insuring a business . Once again , a parent might be necessary to make the business insurance happen . But back to your question : Absolutely a yes on the need for insurance . Good luck .


Input: My 16 Year Old Son Wants To Start A Pet Care Business In Our Neighborhood. Should He (or I) Get Liability Insurance?

Output: A resounding YES to this question . Even the cuddliest and cutest animals have the potential to do bodily harm . Pets are members of our family and are meant to be enjoyed . The responsibility that comes with owning a business is great for an adult , and is especially so for a 16 year old . Having Liability Insurance would give credibility to your business , protect your assets , and give peace of mind to your customers as well .


Input: My 16 Year Old Son Wants To Start A Pet Care Business In Our Neighborhood. Should He (or I) Get Liability Insurance?

Output: I would recommend two things : 1 -RRB- talk to your Insurance Professional about the specific terms and conditions of your home and auto policies . Some companies may allow very small business type risks as incidental based upon the type of business and the revenue generated . For example , a homeowners liability may cover a small lawn mowing business your son may have cutting a few lawns in the neighborhood , but may not cover an animal boarding operation . Likewise a personal auto policy may not provide any coverage at all for any business activity . 2 -RRB- talk to your attorney as an additional trusted advisor about the potential legal liability exposures that such a venture may bring . Remember too a very important principal : insurance only provides protection , it does not limit liability .


Input: Can I Get Disability Insurance With A Preexisting Condition?

Output: If you do have a pre-existing condition , it 's possible that that particular condition would be excluded . For example , if you have had several knee surgeries , it 's most likely that they 'd exclude your knee . Do n't forget that if you get denied for DI due to a pre-exisiting condition , you could still possibly receive critical illness insurance .


Input: Can I Get Disability Insurance With A Preexisting Condition?

Output: That depends entirely upon what the pre-existing condition is and it 's likelihood of causing a person to become disabled . Something like common allergies would technically be a pre-existing condition but just because you may need allergy shots it is highly unlikely that such a condition would be an issue . Now , if you 've had a mild stroke and have a family history of heart disease then you are in a situation where qualifying for disability insurance would be much more difficult , if not impossible , in the individual market . Some disability insurance carriers will issue coverage that might exclude coverage if the disability is a result of the pre-existing condition . And some employer groups offer group disability coverage to their employees that may be guaranteed to be issued as least up to certain levels of financial coverage .


Input: Can I Get Disability Insurance With A Preexisting Condition?

Output: A preexisting condition can be an out right declination depending on the impairment or disease . Whatever the preexisting condition is there are some that may have a possibility of placement depending on how the records are presented and if any mitigating circumstances can credit the underwriting balance sheet in a positive manner .


Input: Can I Get Disability Insurance With A Preexisting Condition?

Output: Getting disability insurance with a pre-existing condition is possible . It depends on the seriousness of the health condition , or rather , how likely that pre-existing condition is to cause disability in later life . Some policies are offered for substandard risk , that have a graded benefit the first years of the policy .


Input: Can I Get Disability Insurance With A Preexisting Condition?

Output: Whether or not you can get Disability Insurance with a pre-existing condition depends on the condition , it 's severity , whether or not it is well controlled , etc. . If that health condition is disallowed for approval with a certain DI policy , you may be able to get the insurance with an exclusion for disability caused by that particular condition . Also , there are graded DI policies available for persons with some health conditions .


Input: Can I Get Disability Insurance With A Preexisting Condition?

Output: It is difficult to say for certain whether you can purchase disability insurance with a pre-existing condition . The answer depends upon what medical condition you have and it 's severity , and where you purchase the policy . Every insurer will ask medical questions and may decline an application if you are deemed likely to make a claim due to your condition . Group policies offered at work sometimes allow for guaranteed issue if enough employees participate . Company paid plans automatically include all employees regardless of health . There may be an exclusion period during which benefits are not paid when the loss is caused by a preexisting condition .


Input: What To Consider When Buying Life Insurance?

Output: The most important consideration is the agent with whom you chose to deal . That agent should listen to you , make sound financial recommendations , and communicate clearly with you and the insurance company . Setting the appropriate limits and developing a mix of life insurance policies is absolutely critical . You could have an A + rated company providing all the guarantees known to man but if the limits are wrong those you love will suffer . That is , after all , the purpose of life insurance .


Input: What To Consider When Buying Life Insurance?

Output: This is a question I wish more people would ask ! First you want to be reasonably certain that the insurer will be around and be able to pay the claim if and when a claim is made . So choosing a provider that has a good long track record and that is in good financial condition should be important . Then you need to consider what your needs and goals are for the insurance . A good insurance adviser can help you to determine your needs and discover what your goals are that a correctly designed life insurance policy can satisfy .


Input: What To Consider When Buying Life Insurance?

Output: Some things to consider when buying life insurance are : 1 -RRB- The guarantees . If you are buying term insurance , you should make sure the premium is guaranteed not to go up for that number of years . If universal life , get a policy guaranteed not to lapse before at least age 100 if you want the policy to last for the rest of your life . You also need to look at the guaranteed interest rate in both whole and universal life . 2 -RRB- The company rating . 3 -RRB- What type of life insurance to get . If you want to use it for cash value or have a permanent need , you need universal life or whole life . If you are looking for inexpensive coverage for a temporary need , term insurance fits the bill . 4 -RRB- Whether you want to pay it over a limited period of time , or for the duration of the policy . Only permanent policies give you the option to pay one lump sum , or a premium for several years and have a paid up policy .


Input: Does Life Insurance Automatically Go To Credit Card Debt?

Output: If you are asking whether the credit card company can garnish life insurance proceeds to pay off credit card debt left by the deceased , the answer is no , as long as the beneficiary of the life insurance policy is a living person . Creditors can go after the estate of the deceased for payment , so if the the beneficiary of the policy is the insured person 's `` estate '' , then the credit card company could have a shot at collecting from the life insurance benefit . If you are asking whether the cost of life insurance is counted as credit card debt , the answer is again no , not unless premiums are charged to a credit card .


Input: Is Life Insurance A Good Retirement Plan?

Output: I would not rely on Life Insurance as my only retirement plan . Life insurance can be used to protect your plan if you die too soon and the cash value can be used in retirement planning to provide additional income , but life insurance is not an investment and is not designed to be your only source of retirement funding .


Input: Can You Use A PO Box Address For Car Insurance?

Output: As a mailing address yes , but not as your physical address . In almost all cases your auto insurance rates are based in part on your physical address zip code . To ensure that you are receiving the proper rate for the risk that the carrier is accepting when providing you with coverage they need to know where you garage your vehicle amongst other information .


Input: How Many Years Of Term Life Insurance Should I Get?

Output: How many years of term insurance you should get depends on what you want the coverage for and for how long . If it is for a short period of time then yearly renewable term might make sense . If you need coverage for longer then a 10 , 20 , or 30 year term could fit the bill . Most term coverage is renewable at the end of the term and will expire at stated age -LRB- age 85 for example -RRB- . Often it is convertible to a level premium permanent plan . The are many options and factors to consider . An independent life insurance broker , representing several companies , can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: How Many Years Of Term Life Insurance Should I Get?

Output: The number of years of Term Life Insurance you should get depends on your age and the needs you are trying to cover . Your health , build , smoking status and existing coverage may also enter into your decision . Age and Needs : E.g. . If you are a young person with young children , you will probably want at least 20-30 year term insurance . At a young age you will get a great rate , and that way you will have the premium locked in until your children are on their own . If you are older , you may want to take a shorter term because your premium is higher and your children are almost grown . This is just one example of how age and needs enter into your decision . Health : If you have a chronic health condition , it is a good idea to lock your term rate in for as long as you can afford -LRB- as long as you have a need for coverage that long -RRB- . Even if your health condition remains controlled , just developing one more health condition can cause your rates to jump very high . While your health is stable is the time to lock in that rate for a long time . Build : Almost everyone who is overweight thinks they will lose weight , and many decide to put off buying life insurance until that happens . Unfortunately , even if they lose weight , they have to keep it off for some time before it will lower their life insurance premium . And in the interim , their beneficiaries have no protection at all . A cost effective , wiser option -LRB- in my opinion -RRB- for those who think they will lose weight , is to take a short term policy now . At least then you have coverage , and if you never do lose weight , you can convert your term to permanent later on . On the other hand , if you are at an ideal weight now , again , lock that premium in for as long as you can . Smoking Status : This is similar to the weight issue . If you plan to quit smoking , you may want to take a short term policy now to save money . Existing Coverage : If you already have a long term policy locked in and just need additional coverage for a short time , you might choose a short term policy . You will want to look at what you have now before you decide how many years of Term insurance to add to your portfolio . These are just some examples to help you decide how long the term should be in the life insurance you choose . Give me a call if you 'd like me to help you decide in your situation .


Input: How Many Years Of Term Life Insurance Should I Get?

Output: Talk to your Insurance Professional about your specific needs and identify the plan that best suits those needs . If for example , you are looking for protection for a short term loan , then no more than 10 years would work . If on the other hand , you are looking for mortgage protection then you will want to research coverage that will be there for you for the life of the loan , but also has flexibility to enable you to make adjustments as you refinance and develop additional needs along the way .


Input: How Long Is The Accumulation Period For Immediate Annuities?

Output: Typically there is no accumulation period for an immediate annuity as they begin paying income immediately . Some immediate annuities require the owner/annuitant to wait 30 days before income commences , but there is no accumulation of cash during this period . Deferred annuities would have an accumulation period , and this accumulation period can last almost indefinitely . Most deferred annuities have an accumulation period that lasts until the owner/annuitants age 95 .


Input: What Information Is Needed For An Auto Insurance Quote?

Output: The information we require to provide your auto insurance quote is your age , zip code , type of car you drive , how many tickets and accidents you have , and the coverage you need . There may be other questions that need to be asked that will help determine the discounts you qualify for . When shopping different companies for you , as a recognized top-rated broker -LRB- and our website -RRB- , our goal is to research and compare all available offers from the most reputable companies , and simplify the process of applying for coverage . Both preferred drivers and persons that may need an SR-22 filing can view prices quickly , purchase the most affordable policies and have confidence that they are getting the best rates . As a leading US broker , that 's our job , and we 've been doing it for 33 years ! Yes , that is a long time !


Input: Does Medicare Pick Up Co Pays?

Output: Sadly no . Medicare does cover a lot of the medical and hospital expenses incurred by a hospital stay . But it does not cover the co-pays required by Medicare . Medicare will cover 80 % leaving the insured to cover the other 20 % along with a payment due as a copayment . These payments must be made by the insured or by an insurance policy .


Input: How Much Will Whole Life Insurance Cost?

Output: As with every other type of life insurance , the cost of Whole Life depends on one 's health and the features of the policy . It also depends on the company , with some being more competitive than others for certain ages and types of risk . Whole Life has more variables than Term and is a life long product , making it more important to use an agency that is reputable and experienced in selling Whole Life .


Input: How Much Will Whole Life Insurance Cost?

Output: Participating whole life insurance is a mortality product used to protect families , business partners or charities from suffering financial loss due to the death of the policy issued . Its price is based on medical information , behavioral activities and financial suitability . Medical information includes gender , age , smoking status , health history , current medical condition . Behavioral activities include motor vehicle violations , dangerous recreation and hazardous vocation . Financial suitability is also a critical component in the amount of coverage you can secure . As an example : MetLife $ 25,850 annual premium for $ 1,000,000 of death benefit coverage for a nonsmoking male age 55 preferred best .


Input: Why Would I Be Turned Down For Life Insurance?

Output: Unfortunately , some people are turned down for life insurance for very simple reasons because they did not sign up for the appropriate policy to start with . To avoid being turned down , be sure to read the guidelines very carefully . It is far better to converse with an agent to be sure you did not overlook something . E.g. . Some policies require that you have a drivers license ; some do n't . Some require that you are a US citizen ; some do n't . Some allow a certain policy to cover people with diabetes ; some do n't . Those type of declines are easy to avoid by just talking to tan agent . Other declines are more complicated . You may have a history of depression that sounds OK , but then get declined because your doctor wrote something in your medical records of which you were unaware . With any kind of health history or risk factors such as past alcohol treatment , use an impaired risk specialist to lower your chance of being turned down . There are policies out there for nearly everyone if you know where to look .


Input: Why Would I Be Turned Down For Life Insurance?

Output: There can be several factors that lead to a underwriting declination . Health history and current medical condition are significant items in the crediting or debiting of the underwriting balance sheet . Personal behaviors like motor vehicle violations , drug addictions , dangerous recreational activities , even hazardous occupations can be the basis of an underwriting declination .


Input: Why Would I Be Turned Down For Life Insurance?

Output: An applicant for life insurance would be turned down or declined for any number of uninsurable conditions such as recent bypass surgery , heart attack , stroke , current cancer treatment , etc. . Some conditions where all treatment has been completed and enough time has past may mean that the applicant becomes insurable again , though at higher than normal rates -LRB- sub-standard rating -RRB- .


Input: Why Would I Be Turned Down For Life Insurance?

Output: There are a number of reasons to be turned down for life insurance . I have elaborated on them in my article here , along with ways to avoid or correct each problem : WEBSITELINK In summary , they are : 1 -RRB- The product does not cover your health condition or other risk factor -LRB- such as suspended drivers license , recent bankruptcy , dangerous hobby -RRB- 2 -RRB- Your application is incomplete and no one points it out to you 3 -RRB- Something is in your medical records that you are unaware of , that causes you to be declined 4 -RRB- The underwriter asks for more medical records and no one provides them 5 -RRB- You have done everything right but your health does not meet the qualifications Being turned down is a frustrating , heart wrenching experience . You can lessen your chances of being turned down by using an agent or agency that understands your health and risk factors and puts you with the correct product to start with , then follows the underwriting process closely to make sure it is completed properly . Sometimes , though , in trying to get the best price , declines do happen . It is not the end of the world . There is usually something else out there for you . Find yourself an agent who vows to stay the course with you until you get what you need .


Input: Do I Need Medicare Supplement Insurance?

Output: Jeff Foxworthy might say , `` You might need a Medicare supplement insurance policy if ... You get shot for looking at another man 's birddog and you ca n't afford to go to the hospital . After Medicare pays their portion you offer to settle your bill by arm wrestling in a winner take all match . Medicare only pays 80 % of your hospital bill and the only way you can pay the other 20 % is to sell your pick up truck with the big tires and gun rack in the back window . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: Do I Need Medicare Supplement Insurance?

Output: That is a decision that only you can make . Some people are very wealthy and take their chances on paying all the co-pays and deductibles themselves . You can take a Plan F supplement that covers everything at one extreme or take nothing and be responsible for all the bills yourself at the other . A smarter muddle ground if you were considering going without would be to take either a hi-deductible Plan F , or a plan N , or consider going on the Medicare Advantage program .


Input: Who Is The Best Long Term Care Insurance Company?

Output: There are many great long-term care insurers , although the list is shrinking since specific carriers have exited the market . As of last year , some of the most respected insurers were AIG , Bankers , State Farm , New York Life , Berkshire and Northwestern . By contacting an experience broker who specialized in long-term care products , you 'll be able to easily understand the best options .


Input: What Makes A Good Retirement Plan?

Output: A good retirement plan should first start with a commitment to a disciplined deposit schedule , i.e pay your self first . Then you need to develop a a financial profile that includes a risk assessment analysis based on your financial goals and the time to achieve them . If you 're in a high tax bracket , you my want to consider a qualified defined contribution plan like an IRA or SEP IRA if your employer does n't offer a retirement plan . Make sure that the savings and investment products are suitable for your financial profile and risk tolerance .


Input: What Makes A Good Retirement Plan?

Output: A good retirement plan is a financial plan with retirement as a focal point . There are a number of moving parts and it is much more than just the amount to save . The first step is deciding what does a successful retirement look like to you and then taking the steps necessary to accomplish your objectives . Money is not the only thing , but the sooner you start the sooner you let the power of compound interest work for you . If retirement is on the horizon the retirement planning checklist will be helpful . WEBSITELINK If you have any questions please do not hesitate to contact me .


Input: Which Annuity Should I Buy?

Output: To determine whether an annuity is best for you , you need to establish a personal financial profile that includes a risk tolerance assessment and your life expectancy . Annuities have three basic crediting methodologies : fixed interest rate crediting , indice crediting and separate sub account crediting or debiting . The second item to determine is your effective tax rate . Once you have established these two parameters , financial profile and tax bracket you can review the top ranked annuities that are suitable for you .


Input: What Happens If You Can't Get Homeowners Insurance?

Output: Many states have a FAIR plan , which is a fund administered by the state to be a Property Insurance company of last resort . Their rates may be significantly higher but they can normally place coverage for you . Also , if you talk to an insurance agent that writes for multiple companies , there are many high-risk insurance companies that will take people with multiple claims or very bad credit , etc. . I have found very few people who ca n't get Home Insurance at some cost , but often the costs become so prohibitive that they have to either go without , or sell their home .


Input: What Happens If You Can't Get Homeowners Insurance?

Output: In Property Insurance in particular there is something called the Excess and Surplus Lines Market . When the normal market is not available such as because insured is overseas or too many prior claims etc. . There is an opportunity to shop through most independent agents for an Excess and Surplus Lines policy . Be aware of a couple things : The policy language may be specifically drafted and limit the coverage you are seeking . Forms and rates are based on the insurers judgement and are not filed with the various insurance departments . You will find that the need for coverage is readily filled , but the price may be a great deal more than you are expecting > Also there are often minimum earned premium requirements meaning that if you buy such a policy , you may then find a better deal and think about switching . The minimum earned premium requirement may give you reason to ride out the term .


Input: How Much For Long Term Disability Insurance?

Output: The cost of long term disability insurance is different for everyone . it 's entirely dependent on the company you choose , your occupation , your age , sex , monthly benefit , elimination period etc. . When you speak with your agent -LRB- find one in your area or online -RRB- , have them provide you with multiple quotes from a few different carriers to see your options . If it 's too pricey , tell them what you 'd be willing to pay and they can try to adjust your benefit accordingly .


Input: How Much For Long Term Disability Insurance?

Output: Unfortunately , there is not an easy answer to the cost of long term disability insurance . There are several factors that must be considered to give an accurate quote . Firstisyour personal information such as age , build , life style , health status and state of residence . Next is your financial information such as income earned and net worth . Last is your occupational information such as your job , job duties , length of employment and education . There are a lot of moving parts when it comes to disability insurance . I recommend using an experienced independent broker you trust to help shop the market and navigate the maze .


Input: How Much For Long Term Disability Insurance?

Output: The price of Long Term Disability Insurance depends on your age , your health , your occupation , your salary , and the features of your policy . The rule of thumb is that Long Term Disability Insurance will cost between 1 % to 3 % of your salary . But it could be higher if your health or occupation put you at high risk , or if you have many premium features on your policy .


Input: How Much Does Health Insurance Cost?

Output: The cost of health insurance can be very affordable or incredibly expensive , depending upon may factors . If you are healthy , young , single , do n't smoke , and live in Ohio , you rate will be very cheap . If you are diabetic , a smoker , obese and live in New Jersey , your health insurance costs more than your home . Your best option is to talk to an experienced broker so you can get a free comparison of the most affordable medical plans in your area .


Input: Does Homeowners Insurance Cover Water Damage From Plumbing?

Output: If you have an Ho-2 -LRB- or higher -RRB- policy it will cover water damage from a pipe burst in the home . Oddly enough , it will not cover the damage to the pipe itself . For coverage to apply it must be a sudden , unforeseen occurrence . Of course all property losses are subject to your policy deductible .


Input: Does Homeowners Insurance Cover Water Damage From Plumbing?

Output: The standard homeowners policy does not cover damage caused by water entering the home from outside . It does cover damage from water that comes from a burst pipe inside the home . The trickiest issue is sewer back-up which is water that should be leaving the home but doesnt . That isnt covered unless a special coverage is purchased . This is often overlooked by agents . When you have a soaked carpet and warping floor boards is not the time to discover that you dont have water back-up coverage .


Input: When Do Term Life Insurance Policies Expire?

Output: Term life policies expire at different points in time , depending on what the policy states in it 's declaration pages . Older policies may expire at age 70,75 or 80 . The older policies ending that early reflected the life expectancy of the time when they were issued . Newer policies expire around age 90 to 95 these days in most cases . Still a great question to ask if you are purchasing term insurance .


Input: When Do Term Life Insurance Policies Expire?

Output: That is a great question ! Your term policy will state very clearly in the paperwork the end date of your policy . Most term policies fall in the typical 5 to 20 year policy category , but some , like AARP or AAA policies end the day you turn 80 . Most people find it really , really tough to get insured at that point , so please be careful . Thanks for asking !


Input: When Do Term Life Insurance Policies Expire?

Output: When you purchase Term Life Insurance , you select a period of time , or `` term '' , during which your premiums will remain the same , or `` level '' . Most people choose term periods of 10 , 15 , 20 , or 30 years . If the policy is guaranteed level , there is no chance that your premiums will go up , or your face amount will do down , during this period of time . When that term ends , your policy may simply end , or most likely , the premiums will jump way up . That is because the guaranteed level term has ended . From then on , the premiums can go up each year until you hit a certain age , usually 80-90 . At that time , the policy officially expires . But because the premiums go so high after the level term period ends , most people drop their term policies long before it officially expires .


Input: When Do Term Life Insurance Policies Expire?

Output: Term life insurance policies technically do n't expire until age 90 or 95 -LRB- with most carriers -RRB- . However , most people only keep a term life insurance policy until the term premium guarantee period expires -LRB- e.g. if you have a 20 year term policy , you 're likely only going to carry it until the end of that 20 year period -RRB- . When the term premium guarantee period expires , the policy structure will do one of two things : 1 -RRB- the premiums will increase each year -LRB- based on age -RRB- by substantial margins , or 2 -RRB- the premiums will remain the same and the death benefit will decrease each year . Many people often review their term insurance policies well before the term period expires because they may want to replace the policy with a new one to create a new term period to secure low rates while they 're young and healthy or change the amount of coverage they need to reduce their premiums . I hope the information is helpful - please feel free to contact me for assistance with your term insurance coverage , including quotes and policy analysis and comparisons , and if you have any other questions . Thanks very much .


Input: When Do Term Life Insurance Policies Expire?

Output: The expiration date of a term policy is written on the front of the policy . The premium is guaranteed for a set period of time and many people think that is when the policy will expire . The premium increase at the end of the term is many times the current premium . Continuing the policy is not going to be the chosen option very often . After the premium guarantee period the policy normally will renew every year at an increased premium .


Input: When Do Term Life Insurance Policies Expire?

Output: When you first purchased your term life insurance policy , one of the options you designated was the term length -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- in which the premium would remain locked in place for and could not increase . At the end of the designated term length premium guarantee period , the policy will do one of two things : 1 -RRB- the premiums will begin to increase each year by a substantial margin -LRB- based on age -RRB- 2 -RRB- the premiums will remain the same , but the death benefit will rapidly decrease -LRB- this method is only used on some term policies that are issued on a universal life chassis -RRB- What you will commonly see is the first method . For example , if you purchased a 20 year term policy and outlive the 20 year period , the premiums will start increasing in year 21 . Since the premiums will keep going up and up , most people replace the term policy with a new life insurance policy -LRB- term or permanent - depending on need and age -RRB- to create a new premium guarantee period . Note - the new policy will feature a higher rate structure -LRB- for the same coverage structure -RRB- as your older and due to any changes in health history - to accommodate this , you can adjust the face amount or length of coverage to reduce the premium of the policy . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: How Are Annuities Taxed At Death?

Output: Tax deferred gain in annuities are ultimately taxed at ordinary income rates . You just ca n't defer forever . And in some cases , in the estate is large , it is conceivable that annuities may be subject to estate tax at the federal or state level . Planning ahead can mitigate some of the impact .


Input: Can I Get Life Insurance If I Am Pregnant?

Output: My experience has been that it is possible to get life insurance during the first trimester , but that insurance agencies are reluctant to take an application for a woman in her second and third trimesters of pregnancy , in case of complications . But I am sure there are some companies that will cover women who are up to 6 months pregnant with a medically underwritten policy , especially if they have had previous event free pregnancies and have no pre-existing conditions . For those who are in the third trimester of pregnancy , there are No Exam policies you can get .


Input: Can I Get Life Insurance If I Am Pregnant?

Output: There are some life insurance companies that will issue a medically underwritten policy to a woman who is pregnant , normally in the first or second trimester . This is true even if gestational diabetes is present , as long as the health of the mother is well controlled during pregnancy . After that you may need to apply for a simplified issue policy that does not need an exam , or wait until after delivery .


Input: Is Long Term Health Care Insurance Worth It?

Output: Long term care insurance protects extended care risk of assisted living and nursing home care . The average married couple spends $ 250,000 during retirement on medical expenses and extended care . The odds are that you 'll live longer than the preceding generation . If that 's true you need extended care even longer .


Input: Does Home Insurance Cover Water Leaks?

Output: Coverage for water damage is restricted by exclusions from the homeowners policy . if the leak is from outside water -LRB- roof , windows , -RRB- it isnt covered . If it is from a back-up of a sewer or drain , it is not covered -LRB- unless you have bought that additional coverage . -RRB- If it is from water that is coming into the house from the ground through the foundation , it is not covered . The normal scenario is that a water line bursts and floods a room or more . what you do once the leak is detected is critical in limiting damage -LRB- which is your responsibility . -RRB- Know where the water shut off valve is located in your house . Call your agent , company or a remediation contractor . Get the flow stopped . Get the water removed ; Get your property properly dried . the damage might be much less than you expect . the damage is covered after the deductible is satisfied .


Input: Will Homeowners Insurance Cover Heating?

Output: Homeowners Insurance will cover any home fixtures against perils covered by the policy ; i.e. Fire , Vandalism , Wind etc. . . If your quetsion refers to the maintenance or repair of your heating system , your question should be referred to your Home Warranty coverage and not your homeowners insurance . In very few cases , homeowners insurance policies may offer a warranty endorsement which can be purchased and added on to your homeowners insurance policy . You must consult your present insurance carrier and inquire as to whether a home warranty endorsement is available and the premium charged .


Input: How Popular Are Annuities?

Output: Non-qualified tax deferred annuities are very popular with long term savers or investors that have high tax brackets . Traditional back CD holders like annuities because the interest rates are generally higher than the bank and they dont have to pay taxes until they use the money . Single premium immediate annuities with a life only option are very popular with seniors who desire lifetime income they cant outlive .


Input: What Is Car Insurance Legal Assistance?

Output: First , I am not exactly sure what you mean by legal assistance , so I am going to answer the question I think you are asking . When you get car insurance you get coverage for injuring third parties , which is typically called bodily/physical injury coverage . Many times , this coverage includes defense costs in the event you get sued for injuring a third party . The limits of your legal defense costs can go one of two ways : either the defense limits are included within your limits or there is a separate limit for defense costs . There are advantages and disadvantages to either method . If the legal defense costs are included in your limits you will have defense costs until the insurance company pays out the limits of your insurance . If you have a separate limit then your legal defense ends when the attorneys fees use up that allocated amount . Either way you do n't have unlimited defense , but if it is a serious bodily injury you will lose the `` free '' attorney much quicker . I hope this helps !


Input: How To Find The Right Health Insurance Plan?

Output: Consult with an independent insurance agent/broker . There are tools on the healthcare.gov website you can use , but trying to figure out which health plan is right for you can be difficult and time consuming . Under the new Afforable Care Act , you can not be declined for an individual health plan for any pre-existing condition or other health-related reason . However , there are many different plans in the marketplace and an insurance agent/broker will have the knowledge to help you find a health insurance plan that is suitable for your needs and your budget . The four main levels are bronze , silver , gold , and platinum -LRB- catastrophic plans are only available to individuals under age 30 -RRB- and not all carriers offer a plan for every level . Bronze plans will generally feature the lowest premiums , but also the least comprehensive coverage . Platinum plans will generally feature the highest premiums , but also the most comprehensive coverage .


Input: Does Medicare Cover Motorized Scooters?

Output: Medicare Part B does offer coverage for motorized mobility devices -LRB- scooters -RRB- in certain situations . You must be evaluated by a doctor and your doctor must certify that you need a mobility device . The scooter must be used for movement primarily around your home and you must have a CMN -LRB- certificate of medical need -RRB- .


Input: Where Can I Buy Annuities?

Output: You can buy annuities from Life insurance agents who sell them . If the annuity you are seeking to purchase is a variable annuity , you will need to do business with an agent who has securities licenses that allow him/her to sell them . Non-variable -LRB- fixed or indexed -RRB- annuities do not require a securities license to sell them , just a Life insurance license .


Input: Who Needs Part B Medicare?

Output: Almost everyone needs Medicare Part B. Most people think of Part B as just for doctor visits , but the coverage is much broader in scope . Virtually ALL outpatient treatment falls under Part B. Doctor visits , MRI , CT , dialysis , outpatient surgery , ER treatment , infusion therapy . The list goes on and can get quite expensive .


Input: Does Homeowners Insurance Cover Termites?

Output: A homeowners policy makes you whole if you suffer damage from any of the stated perils of the policy . Most homeowners policies specifically exclude damage as a result of an infestation of insects . However , if the damage is hidden and results in a collapse of part of the building , the damage is likely to be covered . Routine damage by termites isnt normally covered .


Input: Does Auto Insurance Cover Your Rental?

Output: Your car insurance will cover a rental car if you carry full coverage on your policy . If you have an accident in a rental car you will still be subject to your comprehensive and collision deductibles . Some companies will not cover commercial trucks -LRB- example : Uhaul truck -RRB- or vans so check with your agent just to be sure .


Input: Is Guardian Whole Life Insurance A Good Investment?

Output: GLIC Guardian Life Insurance Company is one of the oldest and highest rated insurers in the country . I happen to be appointed with them as a Broker so I 'm very familiar with their Whole Life products . As noted above Guardian is a mutual company as such they pay dividends to the policy holders . They also offer increasing insurance benefits called `` paid up additions '' -LRB- PUA -RRB- , at no increase of premium and no additional proof of insurability . Insurance is not allowed to be marketed as an `` investment '' , but when you pay into something whether it be in money or your time you are ` investing ' in it . Do you get more out of it than you put into it ? If you look at it in terms of benefit payout verses what you pay into it , -LRB- even though you do n't receive the benefit - your beneficiary does -RRB- , generally the return is at least 100 % more than your invested amount . And it may be many times more . As far as benefit to you , other than the peace of mind that you have made provision for your loved ones in the case of your demise , monetarily whole life policies with mutual companies produce a robust Cash Value growth that you have access to without incurring taxable events and at very low interest rates . And the cash value grows at a minimum Guaranteed rate ! In my comparing Guardian policies with other insurers ' policies , The Guardian out-performs most in both the PUA and Cash value . So is a Guardian whole life policy a `` good investment '' ? I would say yes , one of the best .


Input: Is Guardian Whole Life Insurance A Good Investment?

Output: Guardian is a fine , highly rated mutual life insurance company . But the whole life they , and others like them , sell are not investments . First and foremost , the objective is to provide a death benefit at a competitive , level premium . The cash value is a secondary feature which permits a level premium for life . The internal rate of return on the cash value can be projected based on current assumptions and should compare favorably to other long term savings products .


Input: Is Guardian Whole Life Insurance A Good Investment?

Output: The choice to purchase a whole life insurance policy from a strong company like guardian is a good one as it is part of a strong financial plan . While life insurance is `` life insurance '' it is also a safe consistent place to build cash values over time . While a cash value life insurance policy will never beat that mythical 12 % forever return mutual fund you read so much about , yet can never seem to find in reality , it wo n't keep you up at night worrying if it will be there tomorrow . Usually when people speak aobut investment and comparing one choice vs. another , they tend to grow thick between the ears about RISK . Does a cash value life insurance policy share the same risk/reward aspects of a pacific rim energy fund ? Not even close . Which will keep you up at night ? Not even close . Cash value life insurance can be part of a solid financial plan . Not the only thing , but a safey net that allows the investor to assume risk in other areas and potentially acheive greater gains . It was n't that long ago that most investments lost ten years value in a few months . Mine did . Except for my cash value life insurance as once earned , it ca n't go backwards . Sometimes it 's what you get to keep rather than how fast or slow it comes to you .


Input: Is Guardian Whole Life Insurance A Good Investment?

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


Input: How Much Will My Retirement Plan Be Worth?

Output: It is impossible to calculate the future value of any retirement account without the variables that are required and even then it would only be an estimate . Here are just some of those variables : age , annual contribution , years of annual contribution , assumed rate of return , qualified plan or non-qualified plan . One thing is for sure , the procrastination of not contributing to your retirement plan will cost you dearly .


Input: How Much Can You Make Selling Car Insurance?

Output: There is no limit on what you can make selling car insurance as long as you are willing to start with several years of low pay and work long hours . After 3-5 years you will probably start to breath and then 10 years in , if you are a good agent who offers value , quality service and able to retain your clients you should have a nice income to live on .


Input: What Is Social Security Disability Insurance?

Output: Social Security Disability Insurance is a payroll tax social program . It falls under the pervue of Social Security Administration . It provides income to people who cant work because of a disability . Social Security Disability can be temporary or permanent benefit . Social Security Disability does not depend on the income of the disabled individual receiving it .


Input: When Can I Get A Medigap Plan?

Output: You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . The best overall time to buy will be your initial open enrollment period when you 're new to Medicare and just starting Part B coverage . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . It 's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires , needs , and budget . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: What's Disability Insurance?

Output: Disability insurance pays a portion of your income -LRB- typically 60-65 % -RRB- in the event that you become injured or sick and can no longer work . The average American has only 6 months of cash reserves on hand , so disability insurance allows you to pay your bills , mortgage , etc. while you ca n't receive a paycheck . Depending on your policy , the benefit could pay up until age 67 , and depending on your occupation definition on the policy , you could even receive a benefit while returning to work at a different job .


Input: Would My Insurance Company Work With Another Party In An Accident Without Even Contacting Me?

Output: When your insurance company is notified of a claim they start processing the claim immediately in order to limit the damage . The cost of a claim is often closely tied to the time required to adjust the claim . The adjuster will contact you very soon to get your side of the story . There are some standard rules that they use to determine who the responsible party is and if they can not agree on this matter with the insurance company of the other party then they will take the case to arbitration to determine fault . During this entire procedure they can and will operate without consulting you . The only type of insurance where the company is required to get the insureds permission for anything is medical malpractice and that is certainly not the case here . The company will always be trying to get the claim closed as quickly as possible .


Input: Would My Insurance Company Work With Another Party In An Accident Without Even Contacting Me?

Output: That is a good question ! I would certainly expect that your company would have reached out to you , especially if you have a good relationship with your agent . I would also expect that it would be a stock answer for someone calling in to your insurance company -LRB- I 'm assuming that you told them who you use -RRB- to tell them to get an estimate , so they would know how to proceed . I would also expect that your company would have asked them who their insurer was/is . Without a police report , collecting anything may be like pulling teeth , as there is no solid legal proof that the damage was caused by your accident . That said , I would n't expect this to just go away , either . I 'd call your agent , and tell them what happened . ask if a claim had been filed against you , and eplain why you did n't report it . If your damage was negligable , or would cost less than your deductible , they will understand why you did not report it . You want some sort of support if the people who are seeking damages start getting persistant about it , and your agent can be infinitely helpful if that becomes the case . I hope it works out well for you , thank you for asking !


Input: Would My Insurance Company Work With Another Party In An Accident Without Even Contacting Me?

Output: Great question ! Your insurance company should reach out to you within a day or two if a claim has been filed regarding your policy . They would need statements from you and pictures of any damage done to your vehicle , so it would be strange if they did not contact you .


Input: Would My Insurance Company Work With Another Party In An Accident Without Even Contacting Me?

Output: Insurance companies will generally contact the other party to a claim before proceeding with a claim . The will in most instances take a statement from both parties before proceeding . Without speaking to the claims adjuster , it is difficult to know why the claims adjuster choose to proceed with claim without getting all the facts . This is not the norm . Generally speaking insurance companies will not pay a claim until they speak with both parties


Input: Does Whole Life Insurance Pay Interest?

Output: Kinda , sort of , yeah . The dividends count as interest growth in layman 's terms . It 's usually about 5 % on average for the life of the policy with an A rated company . In the industry there is a guaranteed rate of 4 % that agents flip out during meetings and webinars . Ask the agent to show you the IRR report .


Input: Does Whole Life Insurance Pay Interest?

Output: A participating whole life insurance policy pays annual dividends . The dividends represent the favorable performance of the insurance company and are the result of excess earnings investments , favorable mortality rates and savings on expenses . Dividends can be paid in cash , used to offset your premiums , or used to purchase additional paid up insurance which will increase your policy 's face value . The premium you pay to the insurance company is generally divided in three different ways . First , there is the actual `` cost of insurance '' . The cost of insurance is a specific charge associated with the death benefit that takes into consideration your age and `` rating '' when the policy was originally issued . Another portion of your premium covers operating costs and company profits . The final portion is put into the cash value of your policy . Another type of life insurance that will last your entire life is called Indexed Universal Life -LRB- IUL -RRB- . An IUL is permanent life insurance that offers a death benefit and your premiums may earn interest and grow the cash value of the policy . What makes an IUL different from whole life is the way interest is credited to the policy 's cash value . IUL 's offer the ability to earn interest that is linked to the movement of a selected stock index over a specific period of time . With an IUL , your money is not participating directly in the stock market . If the referenced market index drops in value , you simply do not have interest credited for that year .


Input: Does Whole Life Insurance Pay Interest?

Output: Whole Life Insurance pays dividends not interest . The dividends are referred to as accumulated cash value . There are interest sensitive or current assumption life policies that pay interest on the cash value instead of dividends . These types of policies combine Whole life and Universal life . There are advantages and disadvantages of the two types of insurance . It all depends on the purpose of the insurance ; whether it is used for a death benefit or being used as a savings vehicle .


Input: Can You Get Renters Insurance Without A Lease?

Output: Yes , renters insurance does not require a lease for securing coverage . You must be renting the premise that you are looking to receive coverage for . Contact a local agent to discuss coverage availability and pricing within your geographic location . A licensed agent will be able to provide you with all of the coverage choices available to you .


Input: Will Life Insurance Pay If Drug Overdose?

Output: Life insurance pays for death by any reason except suicide in the first two years and some obscure other causes -LRB- e.g. death caused while committing a crime or perhaps an exclusion for death caused while flying as a pilot -RRB- . So if the drug overdose was suicide and it occurred during the first two years of the policy , the life insurance policy will not pay . For all other situations . the life insurance policy should pay as long the application was filled out honestly .


Input: Why Are Indexed Annuities Bad?

Output: In Canada , variable annuities are often called segregated funds or seg funds . They are similar to mutual funds , but since they are issued by insurance companies that have death and maturity guarantees of 100 % or 75 % . Indexed annuities are not `` bad '' , like any investment they are appropriate for some and not others . If the guarantees and other features are important to you and fit with your investment objectives they are `` good '' and should be considered . If not they may not be right for you . If you have further questions . or believe that I could be of assistance , please do not hesitate to contact me .


Input: Why Are Indexed Annuities Bad?

Output: Indexed Annuities are not bad if set up properly . They are a very safe way to generate savings at market like rates without the downside risk . While you will have greater potential with security type investments such as stocks and mutual funds , you also have greater potential for loss . When selecting any annuity be aware of surrender charges and make sure you do not tie up all your liquid funds into any long term investment .


Input: How Soon Can I Use My Health Insurance?

Output: The two factors that will determine it are the effective date of the policy and when the initial premium payment is received by the carrier to place the coverage in force . Once these two pieces are completed , the policy will be providing coverage . Feel free to send me a private message if you have any questions pertaining to your own personal program .


Input: Does Whole Life Insurance Pay For Itself?

Output: Yes , whole life insurance can pay for itself at a point if set up properly . There are 3 ways to set premiums for a whole life plan . They are minimum premium to keep it in force , target premium to have full use out of the cash value and maximum premium which keeps the policy from becoming a modified endowment contracts . So if your whole life is set at target premium , at some point you will have enough cash value to have `` paid up '' life insurance for your life span . Whole life policies can be tricky , I recommend using a trusted life insurance broker to avoid common mistakes .


Input: Does Whole Life Insurance Pay For Itself?

Output: A whole life insurance policy pays a death benefit that will almost always exceed the amount of the premiums paid . A whole life policy may develop more cash value than the premiums paid after several years . However , a whole life policy is not an investment contract which might double or triple in value and recover the investment .


Input: What Is Terminal Bonus In Life Insurance?

Output: A terminal bonus -LRB- or capital bonus , or final bonus -RRB- can be paid upon maturity of a mutual policy . This is a feature of some `` with-profit '' Whole Life policies in Europe and Canada and other countries in the Commonwealth of Nations . It is comparable to a final dividend in the US .


Input: What Is Terminal Bonus In Life Insurance?

Output: Assuming the phrase terminal bonus means terminal dividend , here is a basic explanation . Participating whole life insurance generally declares an annual dividend . But when a participating whole life policy is surrendered , reserves are freed up and the surrender cash value are enhanced .


Input: What Is Terminal Bonus In Life Insurance?

Output: Though no longer common in US participating whole life insurance , a terminal dividend is an additional policy dividend paid to the policy-holder at policy maturity in addition to annual policy dividends . Mutual insurers -LRB- those owned by policy-holders -RRB- used to have such terminal `` bonus '' dividends on some whole life policies under certain conditions .


Input: Why Do Rich People Buy Life Insurance?

Output: Rich people may buy life insurance for many reasons . Here are some : 1 . Business succession . E.g. . A son getting a life insurance policy on his father could enable him to buy the business when his father passes . 2 . Taxes . Life insurance can be purchased to pay taxes and/or to avoid having to pay some taxes . 3 . Charity . Leaving life insurance to a charity maximizes the donation and allows the donor to not have to pay it in a lump sum . 4 . Tax deferred retirement income . Indexed Universal Life is a great tool for this . 5 . Almost unlimited contributions . Life insurance and annuities do not have the caps that some investments have .


Input: Why Do Rich People Buy Life Insurance?

Output: Why do rich people buy life insurance ? Mainly they see the value the life insurance has for them . It IS the only financial tool that creates dollars for pennies , there is n't another thing that does that . They also see the safety in the cash values from market swings , lawsuits and so far , the taxman .


Input: What Type Of Insurance Is Globe Life?

Output: Globe Life Insurance -LRB- if we are thinking of the same company that airs late-night commercials -RRB- is a final expense insurance company . Final expense insurance policies are whole life insurance policies that are specifically designed to cover the cost of final expenses such as funeral arrangements , burial plots and coffins . These are smaller policies , usually $ 25,000 or less and target seniors ages 50-80 .


Input: How To Apply For Medigap Insurance?

Output: There are several ways to apply for Medigap coverage . You can go through Medicare or apply direct to a carrier . That will get you a policy but you are on your own if you have questions before you buy or after the policy is in place . Most people will use an agent that specializes in Medigap plans . With technology , there is no need to invite a stranger into your home . Most of the information can be shared by phone , email and USPS . Almost 100 % of our clients are people who prefer to shop , compare and buy in the comfort of their home and on their time frame , not mine .


Input: How To Apply For Medigap Insurance?

Output: I suggest locating an independent agent who specializes in Medicare to locate a plan that best suits your specific needs/budget . Without a knowledgeable agent to assist you in this process it can appear quite overwhelming . Since Medigap policies do not offer any prescription drug coverage this is another area an agent who specializes in Medicare could offer some direction ...


Input: What Are The Coverage Characteristics Of Disability Insurance?

Output: Some other characteristics include the following : 1 . Occupational class : A category the insured falls into based on their job title and specif duties . The occ class dictates the premium . 2 . Rating : This comes when an underwriter approves an application , but with a higher than normal premium because the insured is a higher risk -LRB- typically due to their health history , smoking history , weight , etc. -RRB- . The rating can be anything from 15 to 100 % more in premium , though it can often times be reconsidered after a few years if the client loses and keeps off weight , stops smoking , etc. 3 . Cost of living rider -LRB- COLA -RRB- : This optional benefit increases the disability benefit by a certain percentage , typically determined by the latest Consumer Price Index .


Input: What Are The Coverage Characteristics Of Disability Insurance?

Output: Some coverage characteristics of Disability Insurance are : 1 -RRB- Length of coverage . Can be years to until retirement , for Long Term Disability Insurance . 2 -RRB- Elimination period . The time you must be disabled before benefits are collected . 3 -RRB- Percent of income replaced . 4 -RRB- Features such as whether the policy will pay if you can not perform your own occupation , if you are partially disabled , etc. 5 -RRB- Renewability , opportunities to increase coverage in the future , etc. .


Input: Will Homeowners Insurance Cover Roof Replacement?

Output: Homeowners Insurance does not cover normal wear and tear of any kind , so if the roof is just old this is not a covered peril . Should the roof be damaged by a covered peril then the roof would either be repaired or replaced minus your deductible . A covered peril may include wind , hail , falling objects , fire to name a few .


Input: Will Homeowners Insurance Cover Roof Replacement?

Output: If the roof was damaged by a covered peril under your homeowners insurance policy , there should be coverage to repair the damage , less your deductible . However , if the roof needs to be replaced due to normal wear and tear or age there is no coverage to replace . If you are interested in getting a competitive quote for your home insurance coverage , contact me at fwinterle@creativeins.net


Input: Will Homeowners Insurance Cover Roof Replacement?

Output: A homeowners policy covers damage to your residence from specified perils . Additionally , many insurance companies settle losses to roofs differently than losses to the structure itself . Many will repair a roof on an actual cash value basis . That means depreciated . If the roof has worn out from years of use the insurance company will probably provide little or no relief . If it is damaged by a lightning strike , the coverage will come into play .


Input: Which Retirement Plan Is Best For Self Employed?

Output: Most self-employed business is cost conscience , so the plan with the least amount of expenses is a good starting point in the discovery process . Whatever investments you select , there will be an associated cost and the retirement plan will only add to it . So important to select the lowest cost plans with the highest contribution limits . If youre in a high tax bracket and/or your employer matches your contribution , youll want to consider an ERISA qualified plan . If ERISA qualified plans are too restrictive , you may want to consider non-qualified plan that uses life insurance and/or annuities .


Input: Does Unemployment Cover Health Insurance?

Output: Although unemployment does not technically offer health insurance , there may be other valid options , including : 1 . COBRA continuation of coverage , which the unemployed person recently had on the prior employer 's group plan . 2 . HIPAA portability coverage 3 . Medicaid for those with low income , for which the unemployed person may qualify 4 . A private insurance policy , known as an Individual / Family plan 5 . A private short-term policy to cover the gap between jobs , or the new-hire waiting period imposed by the new job . 6 . A conversion policy , in some circumstances 7 . Options in various states for high risk pools or guarantee-issued coverage . It is important for you to consult with an expert insurance agent/broker in your state , because acceptance of one of these options may disqualify you for another one . It is important to know your rights to coverage , the eligibility rules for that coverage , and the timeframes and deadlines that apply .


Input: How Much Does A Pool Add To Home Insurance?

Output: The primary concern of adding a pool is the liability exposure . If someone not in your household is hurt using the pool , you may be held responsible and/or sued . If a judgement is brought against you , it could mean 100 's of thousands in settlements . If you live in a typical neighborhood AND your yard/pool is fenced and secured , most insurance companies will charge little or no additional dollars for the exposure of the pool . If the yard/pool is not fenced , most companies will either require a signed exclusion of coverage for injury arising out of the use of the pool or deny you coverage altogether . There are exceptions to the fencing requirement if the home is in a rural area with no close neighbors .


Input: Can I Buy A Car Without Insurance?

Output: Depending in the state you live in and also if your are financing the car . If you have a loan on the car the financial institution will require insurance before you even leave the car lot . If you are buying from a private party they may not require this but in most states you can not even get your license plates with out insurance .


Input: Does Medicare Part D Cover Viagra?

Output: Medicare Part D does not cover Viagra or other medications for ED -LRB- erectile dysfunction -RRB- . I had a client that was prescribed Cialis , but not for ED ... it was prescribed for a different medical reason . So his doctor wrote a note explaining the reason for the prescription and the client was able to get a drug exception . However , since the medication was not on the formulary , it was Tier 5 - so the client still had to pay 33 % of the cost .


Input: How Much Does Home Insurance Cost Roughly?

Output: Based on my experience within my geographic location , I have seen homeowners policies as low as about four hundred dollars per year . I would say that the average cost of a homeowners policy within my area is about one thousand dollars per year . Contact a local agent to find out more information about coverage availability and pricing within your area for the coverages that you are seeking .


Input: Why Is It Illegal To Drive Without Car Insurance?

Output: In order for each state to assure the driver has at least the minimal financial assets to assure each driver they will not be mauled by some irresponsible driver the states require each driver to have car insurance or to post a bond . None of us intends to have an accident but the possibility of having an accident , especially while driving in strange neighborhoods , is a reality . From time to time we find that we have to drive from point A to point B some distance apart that requires we are operating the vehicle for an extended period of time and as we tire the possibility of having an accident increases . The States act in our best interest by requiring minimal financial coverage for every driver


Input: How Much Does Joint Life Insurance Cost?

Output: Joint life insurance covers two people and pays out the death benefit upon the death of the second person . Thus , it is often called `` second-to-die '' life insurance . Joint Life insurance typically costs less than buying life insurance policies for the two individuals separately . It also is able to cover a person that is hard to impossible to insure through a separate policy , as long as the other one of the persons covered by the joint policy is in fairly good health .


Input: Is Long Term Care Insurance Necessary?

Output: If youre financial well to do or classified as affluent , it is reasonable that you could sell insure . But most Americans will retire between age 65 and age 70 will be living longer . So the odds are high that youll need some type assisted living or nursing home care . The average cost of medical bills and extended care is $ 250,000 over your retirement . To indemnify the potential risk some purchase standalone long term care policies , while others purchase life insurance and annuities with long term care riders .


Input: Who Founded Northwestern Mutual Life Insurance Company?

Output: NML began as the entrepreneurial vision of `` General '' John C. Johnston , of Catskill , New York . He moved to Wisconsin in 1854 and started the Mutual Life Insurance Company of the State of Wisconsin in 1957 . Samuel Daggett was one of a group of businessmen who acquired the Mutual Life Insurance Company of the State of Wisconsin , moved it from Janesville to Milwaukee , and built it into Northwester Mutual Life Insurance Company in 1959 .


Input: How can I prove that life insurance made a mistake by changing me as primary beneficiary to children as primary beneficiary?

Output: This question begs another question . Is the insured alive or deceased ? if the policy owner usually the insured is alive , they can simply fill out a change of beneficiary form to replace you as primary beneficiary and the children as contingents . If the policy owner is deceased , you will have a tough legal battle on your hands . Proving an insurer made a mistake on something as important as a beneficiary is tough , unless you have a copy of the original paperwork showing the correct change . If the children are minors and you are parent or guardian , you will control the proceeds anyway . Good luck .


Input: How can I prove that life insurance made a mistake by changing me as primary beneficiary to children as primary beneficiary?

Output: Consult with an attorney . It is very tough to show that a mistake was made by the insured when selecting a beneficiary . However , there are attorneys who will litigate cases like this and you should seek advice . You will probably have to prove some coercion or loss of mental capacity on the part of the insured when the change was made .


Input: How can I prove that life insurance made a mistake by changing me as primary beneficiary to children as primary beneficiary?

Output: The Owner of a Life Insurance policy is free to make any changes to that policy by sending a signed form into the insuring company . No one but the owner of that policy is free to do so . Generally , the named insured is also the owner , but this does not necessarily have to be the case . If the insuring company and the insured 's Insurance Professional have documentation that the change was requested by the policy owner , I think you might have a difficult time arguing the point and it might have to be taken to a court to decide if such a change was made by illegal or coercive means .


Input: How can I prove that life insurance made a mistake by changing me as primary beneficiary to children as primary beneficiary?

Output: I agree with the men : you will have a difficult legal battle on your hands to prove that the life insurance company made a mistake by changing the beneficiary from you to children . They can not touch the beneficiary without a signed form from the policy owner . If you feel that form was forged , you can hire an attorney to assist you in proving that .


Input: Is It Legal To Require Renters Insurance In North Dakota?

Output: A landlord at their discretion can require renters insurance as part of the rental agreement . If you do not wish to purchase renters insurance you have the right to look for housing from a landlord who does not have this requirement . The landlord is not breaking any laws by making renters insurance a requirement of the rental agreement .


Input: Is It A Good Idea To Have Renters Insurance?

Output: Renters insurance is an extremely good idea . It typically cost as little as 8/mo . It provides liability coverage in the event that someone is injured in your rental and you deemed resposible . It provides coverage for your personal property up to the limits that you have on the policy and it provides for loss of use in the event of a covered loss . Please read your policy completely to know what coverages there are and what exclusions there may be or contact your local agent to have them go over the policy with you .


Input: What License Is Needed To Sell Life Insurance?

Output: In Canada , life insurance licensing is regulated provincially . A Life and Accident & Sickness license is required . Applicant are required to complete a Life Insurance Qualifying Program -LRB- LLQP -RRB- , which requires 100 + hours of study . Once this course is completed and the final exam passed applicants may write the provincial license exam . Once the applicants have successfully passed the licensing exam , they may apply for a Life and Accident and sickness license . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like speak with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Do You Get Renters Insurance?

Output: Most reputable companies offer renters insurance and it 's very reasonably priced . Call your agent who handles your auto insurance and they should be able to help you . And , if they use the same company for your renters , you should get discounts off of both saving you quite a bit of money . Here are some things to consider : Renters insurance is really just a homeowners policy without the building coverage . It covers your personal property -LRB- stuff -RRB- , and your liability . Two things to get right : Use a tool to estimate what it would cost to replace your stuff . Notice I said `` replace '' . You can get insurance that would pay you the depreciated value of your stuff but , in my opinion , it 's worth a little bit more to get your stuff replaced with new . Your agent should have a tool to help you or you can use the one on Allstate 's website -LRB- no , I 'm not an Allstate agent , I just like the tool -RRB- . Pick a liability limit that will cover all your assets . I usually wo n't go below $ 300,000 and I usually recommend at least $ 500,000 . The price difference is usually below $ 10/yr . It 's well worth it . Be smart . Find an agent you can trust to do the best for you and take their advice . In the long run , you 'll be happy you did .


Input: Does Health Insurance Cover Vasectomy Reversal?

Output: As a general rule , no . A health insurance policy does not cover reversal of a vasectomy . Likewise for `` untying '' a female 's tubes -LRB- reversing tubal ligation -RRB- . Both are elective procedures . Only treatment deemed medically necessary is a covered expense item under a health insurance policy . This is true for individual plans as well as employer group plans .


Input: What Happens To My Life Insurance When I Die?

Output: In most cases , the death benefit is paid to your beneficiary and the policy is terminated . With some special forms of life insurance the results are different . If you have a joint life policy where two individuals are covered , the policy proceeds are paid and the surviving individual receives a new policy at current rates with them listed as the insured . If the policy is a last to die policy , proceeds are not paid until the surviving insured dies .


Input: What Happens To My Life Insurance When I Die?

Output: If your policy is in force at the time of your death , the face amount of the policy will be paid to your beneficiary . If your primary beneficiary is not alive , it will go to your contingent beneficiary . If none of your beneficiaries are alive , the money will go to your estate . After you pass away , the policy on your life is no longer in effect .


Input: What Happens To My Life Insurance When I Die?

Output: The beneficiary you named in the policy will be paid the death benefit . For most policies inforce for more than two years , routine death claims can take as little as a week from the time the life insurer receives 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 a little longer .


Input: What Does Car Insurance Cost Per Month?

Output: Monthly car insurance payments vary and are determined on an individual basis . Drivers are rated on many factors , age , loss or claim history , the type of car , the city where the car will be driven , sometimes a credit report , deductibles , among many other things . Your best bet is to call an agent and get a quote . A good agent will be happy to walk you through everything so that you understand what you are paying for and why . - Teresa


Input: Where To Buy Life Insurance Online?

Output: You can buy life insurance online from websites that have quote engines . The ones that offer instant quotes allow you to input your age , gender , height , weight , whether you smoke , and whether you have other risk factors -LRB- dangerous hobbies , health conditions , felonies , etc -RRB- . Then the best quotes from several companies show up , and you can pick the one for which you wish to apply . The more detailed the quote engine , the more accurate your quote will be . But it still is helpful to talk to or correspond by email with someone at that online agency to be sure `` all the bases have been covered '' and you are applying with the best quote for which you qualify .


Input: Where To Buy Life Insurance Online?

Output: Buying life insurance online is as easy as hitting Google , Bing or Yahoo . There is no shortage of buying life insurance online . My question is why buy online ? You still may not find the best price for the product you are looking for . I highly recommend contacting an experienced independent broker you are comfortable with . The cost for service is free to you the consumer . Life insurance companies do not sell it any cheaper online than they do through a broker . This way you get expert advise for free .


Input: Can I Take Money Out Of My Life Insurance?

Output: Money can be taken out of life insurance policies . Guaranteed cash value , from whole life contracts , can be borrowed at a specified interest rate . Dividends from a participating whole life insurance policy can be withdrawn and sometimes borrowed . If the dividends were purchasing additional insurance , the death benefit could reduce . The previous answer to this question was 100 % accurate . Peggy is an expert in the field of life insurance .


Input: Can I Take Money Out Of My Life Insurance?

Output: If you have a life insurance policy that has cash value , such as Whole Life or Universal Life , you can borrow money from your policy . If you have a life insurance policy with living benefits , you can use some of the death benefit to pay for chronic illness , critical illness , or terminal illness while still alive .


Input: How Much Is Colonial Penn Life Insurance?

Output: Colonial Penn is directed for guranteed issue policies in which there is no medical exam and no one is declined . Rates still depend on age and medical . condition . . They will determine your insurability by asking some arranged questions to qualify you for that coverage which is mainly a final expense .


Input: How Much Is Colonial Penn Life Insurance?

Output: You can go to the colonialpenn.com website to get an instant quote for their guaranteed acceptance life insurance , or to call them for quotes for other products . Unless you are terminally ill or have a very serious health condition and can only qualify for guaranteed acceptance life insurance , contact an agency that sells No Exam Life Insurance or Final Expense policies . You may find that you can get more coverage for your premium dollar elsewhere .


Input: Does Home Insurance Cover Carpenter Ants?

Output: Damage to a structure from termites , ants and insects in general is not covered under the standard homeowner insurance policy . The underlying theory is that such damage is the result of infestation due to negligence on the part of the homeowner as the proximate cause of the occurrence . The homeowner is obligated to inspect for such damage and remedy the situation accordingly . Homeowner insurance covers structural damage that is sudden and accidental in nature . Infestation does not fit these criteria . Check with a qualified -LRB- recommended -RRB- and fully licensed pest control operation in your area . You may be able to purchase a policy or bond that would cover you for certain types of infestation after they have inspected and possibly treated your residence structure . We are talking about structural damages here . There could be coverage for damages that might occur from a roof collapse , for example , resulting from the infestation , that causes loss to other property within the dwelling . However , the infestation damage itself is not covered .


Input: Does Home Insurance Cover Carpenter Ants?

Output: Damage by insects and vermin are excluded on ahomeownersinsurance policy . Of course this would include your ant problem not to mention termites and rodents . Damage that may have been caused by thesenuisanceshappen over a period of time and do not fall under the sudden and accidentaldefinition Time to call the exterminator .


Input: Will Medicare Pay For A Tetanus Shot?

Output: Medicare will pay for a tetanus shot only if the tetanus shot is needed as the result of stepping on a rusty nail or something of the sort . That is because this type of immunization is only covered by Medicare if you have been exposed to a dangerous disease .


Input: When Did Obamacare Pass?

Output: March 23 , 2010 , a day that will live in infamy in the history of our country . Some people who benefited from this new law , but many others have suffered . While only time can ultimately prove whether or not this law benefited the greater good of our society , at this point , it seems to have done far more harm than good , when the overall scope of the cost and benefits provided are considered .


Input: When Did Obamacare Pass?

Output: In March of 2010 the Affordable Care Act was signed into law and will be implemented in January 1,2014 . There are tax penalties for individuals who do n't buy health insurance in 2014 . The penalty will be $ 95 year one and will significantly go up in the years to follow .


Input: When Did Obamacare Pass?

Output: On March 23 , 2010 on a straight party line vote which was supported by no Republican members of the United States Congress . So , whether you love Obamacare or hate it , there is no question as to the responsibility for this far reaching piece of legislation and the impact it is having on our health insurance and health care systems .


Input: Can Felons Receive Medicare?

Output: Felons can possibly receive Medicare after a waiting period of 5 to 15 years , depending on the severity of the crime that they had committed . They must also meet age requirements and have contributed to Medicare through their job for at least 40 quarters , as does anyone who applies for Medicare .


Input: Why Do I Need Medicare Advantage Plan?

Output: Medicare Advantage Plans are more feature rich than original Medicare . First , there is no out of pocket maximum under original Medicare . Medicare Advantage Plans have a Maximum out of pocket , usually between $ 3500 and $ 7000 , depending on the plan you choose . You also have copay 's which help you plan out your health care expenses . Original Medicare pays 80 % of the approved part B charges . Most Medicare Advantage Plans have Part D built into them , so you do not have to pay for a Prescription Drug Plan . Medicare Advantage Plan also provides extra benefits not covered by Medicare . The premium for a Medicare Advantage Plan can vary but there are still some $ 0 premium plans available that offer a great value .


Input: Why Do I Need Medicare Advantage Plan?

Output: Medicare Advantage plans are similar to traditional major medical plans in that they have copay 's and deductibles . But the difference stops there . Most Advantage plans have networks . Some networks are local while others are regional . Some Advantage plans only include coverage if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions are made to the out of network penalty for true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment . In most areas less than half the doctors accept ANY Medicare Advantage plans . Even if your doctor does accept Advantage patients they may not participate in your particular plan .


Input: Why Do I Need Medicare Advantage Plan?

Output: I do n't think is a matter of `` need '' for a medicare advantage plan , but a matter of choice . Would a Medicare Advantage plan be a better choice compared to a supplement or going with just basic medicare ? It is wise to compare these options and how they will effect you . As Ted has noted , there are some advantages to Medicare Advantage plans that make them very attractive as a choice to a consumer . So , it might be better to consider a simple basic difference between Medicare supplements and Medicare Advantage , Medicare `` rights '' . When you purchase a Medicare Advantage you are assigning your Medicare rights to that organization and commit to service -LRB- outside of emergency -RRB- to that organization as they become your Medicare provider . A Medicare Supplement does not restrict the insured to any one location or provider . For some people , this is a very important issue and could be the deciding factor .


Input: How Do You Get Health Insurance In Delaware With Pre-Existing Conditions?

Output: Health insurance in Delaware can be purchased if you have pre-existing conditions . Under the new healthcare legislation , the Delaware State Health Exchange has an Open Enrollment with no medical questions asked and federal subsidies available to help pay the premium . You can compare the best rates by utilizing an experienced broker that can shop different plans for you and make appropriate recommendations . Single , family and business coverage would be available .


Input: Does Medicare Cover Shingles Vaccine?

Output: Shingles vaccines are covered under Medicare Part B , but it only covers the cost of administering the drug by your doctor ... not the cost of the drug.Your doctor can write a prescription for you to pick up the vaccine at a pharmacy and the pharmacy can bill your Part D plan


Input: What Is Medigap Policy F?

Output: Medigap Plan F is the most comprehensive plan on the market . It covers everything Medicare Part A & B does not . You will not have any deductibles , co-insurance or co-pays with Plan F. It 's a great plan but it may or may not be the plan for you . There are several plans that you should consider before deciding on Plan F . The easiest way for you to do this is to contact an independent agent that specializes in Medigap Plans -LRB- Medicare Supplement Plans -RRB- . They will be able to show you all the Plan F 's in your area but also some others you may want to consider .


Input: What Is Medigap Policy F?

Output: Medigap plan F is the most popular Medicare supplement plan available because it offers the most comprehensive coverage you can purchase - it covers all 9 benefits at 100 % . The 9 benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment 5 -RRB- Part A hospitalization deductible 6 -RRB- Part B medical deductible 7 -RRB- Part B excess charges 8 -RRB- Skilled nursing facility co-insurance 9 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Quotes for Medigap coverage are based on your age , gender , zip code , any tobacco usage , whether you and a spouse are applying together -LRB- some carriers offer household discounts on rates for married couples applying at the same time with a company -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage including quotes and comparisons , and if you have any other questions . Thanks very much .