Input: Where Can I Find Home Owners Insurance After Being Dropped For 3 Claims In 3 Years?

Output: That is going to be a tough property to insure . In most states home owner policies are a voluntary product , which means that the insurance companies can be very picky about whom they choose to insure . In your case , you have a history of claims -LRB- frequency -RRB- that will leave most of the larger insurance companies unwilling to offer you a quote . I would contact a local independent agent that will be able to place your coverage with a `` second tier '' company . The premiums will be higher , as well as the deductibles , and the product will not have all the bells and whistles of the larger companies , but you will get coverage .


Input: Where Can I Find Home Owners Insurance After Being Dropped For 3 Claims In 3 Years?

Output: You may have difficulty and certainly you may find coverage but at a price that is potentially quite a bit more than you are used to paying . Talk to your Insurance Professional to see if there may be companies that offer standard coverage in higher risk situations . Beyond that , in Connecticut as in other states , there is a program available called the `` Fair Access to Insurance Requierments '' -LRB- FAIR -RRB- . This is specifically available to provide coverage , albeit limited , for higher risk residential properties .


Input: How Do I Find My Medicare Number?

Output: Your Medicare number is on your Medicare card . For most people it is their Social Security number followed by a letter . The letter A means you are a wage earner . The letter B means you are the spouse of a wage earner and you are 62 or older . In some cases your Medicare number will be your spouses SSN .


Input: What Is A Declaration Of Homeowners Insurance?

Output: The declarations contain the specific information that tailors the homeowners policy to be your homeowners policy . It lists you and your lender ; it has the limits , prices and other important information . There is a list on the declaration that shows pages that are attached to comprise the entire policy . That list can be quite important and should not be overlooked when you receive your policy .


Input: What Is A Declaration Of Homeowners Insurance?

Output: The Declaration Page of your policy outlines your specific coverage for the policy as issued by your insurance company . The `` Dec Page '' will show the effective date that the policy period began as well as it 's expiration date which is usually 1 year later . It will list your mortgage company and will also include your name and mailing address as well as the property address if different . It will then list the specific coverage for you dwelling , personal property , additional structures and Liability as well as the property deductible . If there are any it will list any inside limits to certain categories of personal property like jewelry , camera equipment etc. . Finally it will list the distance you are to a fire hydrant and/or fire station and the Fire rating classification as well as your annual premium . Your complete policy consists of the declaration , the Policy Jacket which outlines the broad language coverage that the policy provides as well as it limitations and exclusions , and any applicable endorsements .


Input: Do covered porches figure into the square footage of a dwelling for insurance purposes?

Output: Yes , they do . When calculating the reconstruction amount of a home , the agent must take into consideration all elements of the structure and that does include covered porches , decks , open porches and the like . The point is that in order to properly evaluate what it would cost to replace your home as is with building materials of like kind and quality , accuracy is critical .


Input: Do covered porches figure into the square footage of a dwelling for insurance purposes?

Output: I just completed an estimated replacement cost for a home with a covered porch . Yes , it did take the cost of replacing that covered porch into the estimate for rebuilding the home . It isnt treated as though it were a finished part of the house but merely the cost of replacing the roof over the porch .


Input: How Bad Are Variable Annuities?

Output: Products in and of themselves are not bad . That being said , some variable annuities may not be a value proposition for the consumer . Consumers with a high tax bracket and a risk tolerance for market investments may find the tax deferral feature an attractive opportunity . The issue with variable annuities is the policy expenses .


Input: How Much Are Premiums For Long Term Care Insurance?

Output: The cost of long term care depends on your gender , age , smoking status , health history and current medical condition . It also depends on how you structure the length of coverage and elimination periods as well as any addition riders like an inflation rider . A non smoking 60 year old male in good health purchasing full long term care benefits with an inflation rider may pay $ 300 a month .


Input: Where Does Medigap Fit In With Medicare And Medicaid?

Output: Medigap is a supplemental health insurance policy that can be purchased to go along with Medicare Part A and Part B . It is used to cover the costs that Medicare does not cover . Medigap does not fit in with Medicaid as Medicaid covers all medical costs and does not have the `` gaps '' of coverage that Medicare does .


Input: What To Look For In Critical Illness Insurance?

Output: Some things to look for in buying Critical Illness Insurance are the type of illnesses that are covered , whether they will pay 100 % or a portion of the benefit , whether you need to survive a certain number of days to collect on it , exclusions based on family history , whether the policy can be paid up in a certain number of years , whether premiums can be returned in a certain number of years , and whether the policy is guaranteed renewable .


Input: What Are Medicare J Codes?

Output: Medicare J codes are used to determine what reimbursement should be given to Medicare providers of injectable drugs that ordinarily can not be self-administered . These include chemotherapy , immunosuppressive drugs , inhalation solutions and some orally administered drugs . They must be medically necessary , can not be self-administered , and are not immunizations ,


Input: Does Homeowners Insurance Cover AC Replacement?

Output: It really depends on what happened to the Air Conditioning unit . If the unit simply broke down there would be no coverage as this is not a standard peril of insurance polices . You would actually need equipment breakdown coverage which some insurance carriers are starting to offer as an added coverage . If the AC unit was destroyed by fire , or vandalized or damaged in a storm there would be coverage


Input: Can Renters Buy Flood Insurance?

Output: You do n't have to be a building owner to purchase flood insurance . Renters of an apartment or house can purchase flood insurance for personal belongings in their rented home , just as business owners who lease commercial space can purchase flood insurance for business property in their leased business location . And if your home or business is located in a moderate-to-low risk area for flooding , you may be eligible for coverage at a preferred rate . Preferred Risk Policy premiums might be more affordable than you think . Now is a great time to contact your local agent or broker to learn more .


Input: What Is Medicare Pffs?

Output: PFFS stands for Private Fee For Service . A Private Fee For Service plan is a type of Medicare Advantage plan under Part C of Medicare . This type of plan is sold through private insurance companies . The plan determines how much it will pay doctors and hospitals at the time of the care . You will need to present your plan ID card every time you go for a doctor or hospital visit . The doctor 's office/hospital has to agree to the plan 's terms and conditions on each visit - they reserve the right to accept it one time and then refuse it another . In the event of an emergency , doctors and hospitals must treat you .


Input: Why Aviva For Annuities?

Output: How about why not Aviva ... Aviva sold their US portfolio to Athene . This means that Aviva no longer does business in the US and all previous Aviva policyholders are now Athene clients . If you currently have a policy with Aviva and there is anything specific I can help you with please do n't hesitate to ask . I have clients that were with Aviva and are now with Athene .


Input: Who Has The Most Affordable Renters Insurance?

Output: Renters Insurance is like most Insurance base on a lot of different factors for which then a price is base off . Remember the amount of coverage you need for your personal items , location of your residence and if you have any schedule belongings will affect the rate . One of the biggest factor used is credit . Try combining your Auto with your renters to see which give you the best rate plus coverage . So like I always tell my clients or prospect there ins ' t one specific company that is the cheapest in one single area . If there was then there would one company in the world insuring that specific policy . Also do n't forget to check the companies Am Best rating to see their financial strength . Thank you and goo luck .


Input: Who Has The Most Affordable Renters Insurance?

Output: Great question ! All companies have different rating factors like credit , claims history , age , area that you live in , type of property , etc. . The amount of coverage that you request will also affect the premium . It is always best to bundle all of your insurance policies with one comapny to capitalize on as many discounts as possible .


Input: Who Is A Retirement Plan Fiduciary?

Output: The retirement plan fiduciary on an employee group plan defaults to the employer , generally the business owner , or certain executives of the company -- either CEO , COO , or CFO . If the employer chooses , it can designate a different fiduciary to manage the plan to remove itself from fiduciary responsibilities . To find the fiduciary , one simply needs to look at the form 5500 filing to determine who is acting as the plan fiduciary .


Input: When Does Long Term Care Insurance Start?

Output: Long Term Care Insurance starts paying when the insured person can no longer care for themselves without personal assistance , and when the days of the elimination period have passed . There used to be a trigger that would allow the benefit to be paid if a doctor said that long term care was needed , but almost no policies include this trigger any more .


Input: What Questions To Ask When Getting Renters Insurance?

Output: When getting renter 's insurance some of the issues that are important are whether you can qualify for a policy and what rate you will pay . The benefits are important since there will be differences in coverage amounts from one contract to another . You should also determine the amount of property you have that should be listed on the policy .


Input: What Questions To Ask When Getting Renters Insurance?

Output: If you meet with a competent insurance agent , that agent will know all the appropriate questions . That agent will also listen carefully to you and offer sound financial advice . Finally , that agent will make appropriate recommendations and then communicate clearly with both you and the insurance company . The only other question you need to ask is , who is a competent insurance agent ? Ask that question of your friends , colleagues and neighbors .


Input: What Questions To Ask When Getting Renters Insurance?

Output: Most renters insurance policies provide the same basic coverages . The main coverages that you will want are loss of use , liability , personal property , and availability to have higher value items covered through endorsements . Contact a local agent to discuss your coverage needs and concerns . They will provide you information about the coverage and pricing for the carriers that they work with .


Input: What Is Contestable Period Life Insurance?

Output: All life insurance policies have a two year contestable period . It is the first two years after the policy goes into effect . During the two year contestable period , if death would occur , the insurance company will review the claim to make sure that the health and personal information on the application was correct . If there was a misrepresentation on the application that would have caused the price to be changed or policy to be declined , the policy may not pay the death benefit . During the contestable period , the policy will also not pay for death by suicide .


Input: When Should Someone Purchase Life Insurance?

Output: The time to purchase life insurance is when there is a need for it , and when you can qualify for it . For most people , this begins when they are young adults , getting married , starting families , paying off school loans , buying houses , starting businesses . Of course , any time there is a need for life insurance is a good time to get it .


Input: When Should Someone Purchase Life Insurance?

Output: Life insurance is a protection product for the beneficiaries in your life that would suffer economic harm at your demise such as family members , business partners or charities that depend on your contributions . If you have ongonmg financial liabilities , future obligations or charitable intent , you should have life insurance .


Input: Which Companies Offer Renters Insurance?

Output: Almost all of the insurance carriers that offer homeowners insurance offer renters insurance . I would suggest finding yourself a local agent that you feel comfortable working with as they will be your point of contact in many instances if you should have a question about coverage or a problem with billing or claims .


Input: What Kind Of Auto Insurance Is Required?

Output: Minimum coverage is applied different in every State . In Oregon you are required to carry Liability coverage with a minimum bodily injury/property damage limit at $ 25,000 / $ 50,000 / $ 20000 . This is the minimum coverage to drive legally in the State of Oregon . Your lienholder might have other requirements to protect their investment , and require you to carry comprehensive and collision coverage as well . I always ask clients if you carry the minimum coverage of $ 25,000 and injure someone in an auto accident . Would you be able to pay the difference if they sue you for $ 100,000 . If the answer is no , then you should consider increasing your liability limits . In the State of Oregon you can not file bankruptcy on a judgement from and accident and the difference is normaly paid through wage garnishments and judgements.Its well worth the extra money for the extra protection .


Input: What Kind Of Auto Insurance Is Required?

Output: If your auto is not financed you are only required to carry `` collision and liability '' . However , if that car is financed the financing institution is ging to require Comprehensive , collision , and liability . also , if that car is worth a few dimes more than you can pull out of your pocket each Monday morning yuo would be well advised to carry full coverage because as you know in 1957 we could have purchased that brand new Chevrolet for $ 4000 and today you will need $ 20,000 .


Input: Where Can I Purchase Disability Insurance?

Output: You can purchase Disability Insurance from Life or Health Insurance agents who sell it , or you can purchase it from agencies that exclusively sell DI . Our agency , e.g. consults with Disability Insurance brokers so that we can find the best DI rates for our clients from among an assortment of carriers .


Input: Where Can I Purchase Disability Insurance?

Output: You can purchase Disability Insurance from Life Insurance agencies and websites that sell it . As a product offered by many Life insurance companies , many Life agents also sell Disability Insurance . There are also Disability Insurance brokers , such as the one our agency uses , who specialize only in Disability Insurance and carry products from many Disability Insurance providers .


Input: Can I Switch From Original Medicare To Medicare Advantage?

Output: If you are new to Medicare you can enroll in a Medicare Advantage Plan three months before - the month of - or 3 months after you turn 65 or qualify for Medicare . Otherwise you can only switch during the annual Open Enrollment Period from October 7th thru December 15th . If you have both Medicaid and Medicare or you are getting Extra Help thru Low Income Subsidy you can switch any time .


Input: How To Create An Irrevocable Life Insurance Trust?

Output: To create an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- , start by meeting with your attorney to draft the trust . You yourself will not be able to make changes to it later so it is important to set it up correctly . It is also important that you set up an executor or trustee who you trust -LRB- the attorney who set it up is also often named trustee -RRB- . Then transfer Whole Life or Universal Life into the trust with the assistance of both your attorney and life insurance agent . Existing policies can be transferred with a change of policy owner form . New policies are set up with the irrevocable trust as owner . Once the Irrevocable Life Insurance Trust is active , you can visit with the trust executor about your ongoing wishes .


Input: Which Medigap Plan Is Right For Me?

Output: There is not a clear cut answer to this question . It depends on what benefits you want and how much money you want to spend on a premium . The top of the line Medigap policy is Plan F . It offers the most comprehensive coverage and often the highest premium . The opposite end of the spectrum is Medigap Plan A . It provides some basic benefits at a lower premium . In between are eight other Medigap Plans -LRB- B , C , D , G , K , L , M , N -RRB- all with varying benefits and premiums . It 's best to discuss your specific situation with a Medicare Supplement specialist . You 'll receive benefit information and premiums tailored to your needs . Please feel free to contact me if I can be of further assistance .


Input: What Is My Blue Medigap?

Output: My Blue Medigap is Medicare Supplement insurance through Blue Cross Blue Shield of Michigan . My Blue Medigap offers three Medigap Plans -LRB- A , F , N -RRB- through Blue Care Network . Medigap Plans A , F , N are standardized . The Medigap benefits from one company are the same exact Medigap benefits with another company -- the only difference is price . My Blue Medigap will have a different monthly premiums than other private insurance companies offering Medigap Plans A , F , N. It 's worth contacting an independent agent specializing in Medicare Supplement insurance . We can provide quotes in just a matter of minutes from companies you wo n't see online . We 'll do a side by side comparison showing you which company has the best Medigap price . Please let me know if I can be of further assistance with your specific situation .


Input: Does Auto Insurance Transfer From An Old Car To A New Car?

Output: If you have an insurance policy and sell your car because you purchased a new car you can easily change cars on your policy . Simply call your insurance agent and notify them of the sale of the old car and purchase on the new car and the agent can update your policy . Rates will adjust to take into account the car you chose on a pro-rated basis .


Input: Is It Worth Having Critical Illness Insurance?

Output: I have friends who have collected on critical illness insurance policies , and it definitely was worth it , to them . Insurance is protection against the unknown , so one never knows whether it will be worth it for you or not . If there are illnesses covered by critical illness policies that run in your family , the policy would most likely have more value to you than to a family that does not appear to carry risk for cancer , stroke , etc. .


Input: Is It Worth Having Critical Illness Insurance?

Output: Critical Care Insurancecould definitely help in the event of a life altering event . I have Life Insurance that has Critical Illness included free of charge . If I was going to buy Critical Illness I would do it with the death benefit . This wayyou have the death benefit and Critical Illness . Here is a good example that will help you out . I have a person who bought 500,000 in a death benefit . If he was diagnosed with Cancer or had a major Critical Illness event he does have the option of accessing up to 90 % of that benefit . It would definitely help him maintain his lifestyle while he is out of work .


Input: Is It Worth Having Critical Illness Insurance?

Output: Yes it is worth having critical illness on your life policy if something happened to you in most cases you could access 90 % of the value now and still have a death benefit in place usually there are no cost for the benefit . Your carrier will provide what it covers in detail and if you were to be sued for some reason if this was an accident your policy in most states ca n't be touched .


Input: What Is Part D Of Medicare?

Output: Part D of Medicare are your stand alone prescription drug plans . These are sold through private insurance companies and are generally paired with Original Medicare -LRB- Parts A & B -RRB- or Original Medicare and a Medicare Supplement -LRB- Medigap -RRB- plan . They can not be sold with a Part C Medicare Advantage plan - if you have a MA plan , you would have to get an MAPD plan if you want drug coverage .


Input: What Is Part D Of Medicare?

Output: Medicare Part D is the federal prescription drug program that 's designed to subsidize the medication costs for medicare beneficiary 's . The plan went into effect on January 1st , 2006 . The program strongly incentives it 's users to choose certain medications over others . In particular it focuses on the use of generic medications over name brands .


Input: What Is Uninsured Loss Recovery On Car Insurance?

Output: If there is an accident and one of the parties is uninsured , the insured drivers insurance would pay the claim under the uninsured motorist portion of their policy . The insurance company would then attempt to recover from the uninsured driver any loss paid by them that would normally have been paid by that persons insurance if that person would have had insurance .


Input: Does Health Insurance Cover Skydiving?

Output: Skydiving , BASE jumping , etc. , are hazardous activities that have been specifically excluded from any health insurance contract I can recall . Certainly you should check the exclusions and limitations section of your group or individual health insurance contract to verify this but there are commonly exclusions for participating in high risk/hazardous activities in both health and life insurance contracts . You would probably need to purchase a policy from a specialty risk carrier to assure your protection if you engage in these kinds of activities .


Input: Does Health Insurance Cover Skydiving?

Output: Great question ! I 'd tell you first of all to check your policies ' exclusions -LRB- what they wo n't cover -RRB- section to be certain , but if you are being treated for terrible things that happen to you if things go wrong , the emergency medical parts are probably covered . You might also want to look at your life insurance policy also , as they tend to have a dim view of skydiving , and may put up a fuss should your chute not have opened , and a claim filed . I hope that helps . Thanks for asking !


Input: Does Health Insurance Cover Skydiving?

Output: A hospital is still going to treat injuries incurred from skydiving and it would likely be considered as emergency care which would be covered . It would be helpful to look at your health insurance policy to see if there are any exclusions for certain high-risk / hazardous activities . You can also call your health insurance agent or the carrier directly to see what claims the carrier would pay for a given scenario .


Input: What Is The Best Life Insurance For A 25 Year Old?

Output: Life insurance cost depends upon the gender and heath condition of the twenty five year old . Term life insurance can bought very inexpensively . A 100,000 ten year term life insurance cost for a very healthy nonsmoker is $ 85 a year , the female counterpart $ 79 a year . Several life insurance companies are within that price range .


Input: What Is The Best Life Insurance For A 25 Year Old?

Output: What is the best life insurance for a 25 year old ? It 's going to depend on your situation . Are you married ? do you have children ? A mortgage ? What are your obligations ? If they are considerable and income is not , term insurance may provide a solution . However , if you are not debt strapped , now would be a great time to purchase some whole life insurance . Why ? the price will never change but your situation will . You can lock in a fair amount of coverage at a great price . You 'll own it , control it and when life changes -LRB- and it always does -RRB- you will have something in place and working for you , when others are just starting to think about it .


Input: What Is The Best Life Insurance For A 25 Year Old?

Output: Most 25 year old 's are not yet into their highest income earning years , so getting Term life insurance is a good choice if you are pinching pennies . On the other hand , if you are healthy , do n't yet have a family . and have a good paying job , you could purchase an IUL policy that protects your initial investment but still has the potential to build up some income for your retirement years . There is no one right answer for every 25 year old , but an experienced professional can help you select a product best fits your health and financial profile .


Input: How Much Is Monthly Homeowners Insurance?

Output: Homeowners insurance is sold on an annual basis . The monthly payments would depend on the coverage you have and the annual premium . There is no set amount for homeowners insurance , the rates are determined by a number of factors including location , age , construction , safety features , building costs in your area , so each home is rated differently .


Input: What Does 20 Year Term Life Insurance Mean?

Output: 20 Year Term Life Insurance means that the policy will not go up in price for 20 years . Usually , the premium is guaranteed not to go up for the entire 20 years . However , some companies guarantee the premium to stay level for only part of the term , e.g. 10 years of the 20 year term . Then after that the premium could possibly go up . There are many guaranteed level term policies for the entire 20 years , so worth it to shop around . Also , it is a very popular policy , so prices are competitive .


Input: What Does 20 Year Term Life Insurance Mean?

Output: Term life insurance is a policy that will remain in force for the specified number of years stated or until the insured dies - whichever comes first , and as long as the premiums are paid . So a 10 year term life is a policy that expires 10 years from the issue date , a 20 year term life is one that expires 20 years from the issue date .


Input: What Does 20 Year Term Life Insurance Mean?

Output: Anytime you see a number in front of term life insurance like 20 year term , this is how long the contract is guaranteed level premiums . You will see 5-10-15-20-25-30-35 year term life policies . The number of years is a contract between the insured and the insurance company that regardless of change of age , health , life style or occupation the contract can not raise your premiums for that specific period of time . However , at the end of the term , you will experience a significant premium increase .


Input: What Does 20 Year Term Life Insurance Mean?

Output: It is a life insurance policy that has a start date and an end date . The length of time between those two dates is 20 years . The policy may have other provisions but the basic form is twenty years of coverage at the premium stated in the policy . It is not permanent insurance . There isnt any cash accumulation . It is very inexpensive .


Input: I Am 64 When Should I Apply For Medicare?

Output: Most people are automatically enrolled in Medicare Part A and Part B when they turn 65 . Your cards should arrive a few months before your 65th birthday . If your birthday falls on the first day of the month your Medicare coverage begins the first of the prior month . If your birthday is July 1 your Medicare begins on June 1 . Otherwise , your coverage begins the first day of the month you turn 65


Input: What Are Life Insurance Premiums Determined By?

Output: The premium for a life policy are set by two people . The actuary compiles mortality data . From that he develops the premium necessary for the various plans based on a standard risk . The second person is the underwriter . The underwriter looks at the application , medical statements and any tests taken to determine if the applicant is standard . If the applicant isnt standard the underwriter assigns factors that result in an adjusted premium . The company makes an offer to the applicant after the underwriting stating the price necessary to put the insurance into force .


Input: What Are Life Insurance Premiums Determined By?

Output: Premiums for life insurance are determined by a number of factors - some influential factors are mortality tables , the type of product -LRB- e.g. term vs. permanent , fully underwritten or non-medical , etc. -RRB- , the guarantees on the policy , and the carriers ' underwriting guidelines -LRB- some carriers may be more aggressive , some more conservative -RRB- , just to name a few .


Input: Can You Have Two Insurance Policies On The Same Car?

Output: You can but your not supposed to . Having two polices will not addcoverageor multiplycoverage 's All having two polices will do is create a claimnightmareas both companies would have to step in a split the cost or decide who is going to pay . Either way two polices create problems and it 's not worth it .


Input: Can You Deduct Mutual Fund Expenses?

Output: In Canada , mutual fund fees on non-registered accounts are not tax deductible . Fees paid to an advisor to manage an non-registered investment account are tax deductible , however . The advisor fees in a mutual fund are imbedded in the fund . Ask whether you advisor can arrange to change to a class of funds that charges you the advisor trailer fee directly . This way you can deduct it . If you have further questions , or if you feel that I could be of assistance , please do not hesitate to contact me . Mutual funds are often used as part of a retirement plan . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community .


Input: How Do I Cancel My Primerica Life Insurance?

Output: To cancel life insurance , contact the agent who sold it to you , or contact Primerica directly , and ask them to cancel it . They will provide you with paperwork to sign and fax or mail back to give your legal assent to the cancellation . If there is an automatic withdrawal set up for payments , they may assist you in discontinuing that . You can also cancel Term coverage with most companies by simply not paying on it for two months , after which time it will exceed the grace period and cancel automatically .


Input: Does Renters Insurance Cover Items Your Car?

Output: Your renters policy covers personal property . Most policies have a 10 % limit on property that is not in the residence at the time of loss . If you had $ 30,000 of property coverage and your guitar was stolen from your car , it would be covered up to $ 3,000 . The policy excludes professional equipment . If you advertise on Facebook that you play music for Bah Mitzvahs , expect a decline .


Input: Is Annuity Distribution Taxable?

Output: In most cases yes , you will pay income tax on your annuity income . Since most people use annuities to fund their retirement when income is usually lower , the tax will be according to the reduce income schedule . Funds in an Annuity are tax deferred until you begin taking withdrawals . If the plan is a qualified plan such as an IRA , you can deduct the amount of your payment from your income each year . The IRS has special rules set up for when you begin taking withdrawals and the minimum distribution . Again , you will pay taxes on the distribution .


Input: Is Annuity Distribution Taxable?

Output: Non-qualified annuity distributions of gain are taxable at ordinary income rates . Non-qualified annuity distributions of basis are tax free . Annuity distributions recognize gain first and basis second or last in first out . The exception to the rule is lifetime annuitization where basis is amortized to the annuitants life expectancy as a portion of the payment until its exhausted . This special treatment is called the exclusion ratio , the part of the annuity payment excluded from taxation . All qualified annuities are fully taxable at ordinary income tax rates .


Input: How Do I Know If I Have Disability Insurance?

Output: Finding your disability insurance coverage can be done with a few simple steps . First if you are employed , go to the person in charge of benefits at your comapny . In large companies it would be someone in human resources or smaller companies could be a manager or owner . Simply ask to see a certificate of coverage . There may be two , one short term and one long term disability policy . If you are self employed or unemployed check your check book to see if you have been making payments to an insurance company or if you are drafted by an insurance company . Then call and ask what policies are you paying for . They are always happy to send you a duplicate policy if you ca n't find yours . If you find that no coverage exists and you have been paying into social security by working , you may be eligible for disability through your Social Security . Just Google Social Security Disability for the website . There will be a list of criteria to meet in order to apply . The normal process takes about 9 months to start receiving your benefits .


Input: Is Globe Life Insurance Reputable?

Output: Whether it is Globe or another of the thousands of insurance companies , they are regulated by the state in which they are organized and by your state . Your state insurance commissioner regulates the companies to make sure they have sufficient money to pay their claims and that they are not mistreating you , the customer . I can not say whether Globe is the company you will want to do business with but I think if your trusted insurance agent recommends them , you can probably be assured that they will follow through on the promises that they make .


Input: Is Globe Life Insurance Reputable?

Output: Globe Life is an A + rated insurance company by A.M. Best so their financials provide a stable outlook . One of the big attractions that people look at with Globe Life is the $ 1 for $ 50,000 campaign you see on flyers that come in the mail . No exams , limited health questions , and it can be issued in just a few days . It sounds like a great deal , right ? The important thing to look at when buying any coverage is the structure of the policy and the premiums that you 're paying throughout it 's life rather than just what you 're paying for the first month because chances are ... you 're going to live longer than 1 month into the policy . Some policies offer level premium guarantee periods -LRB- e.g. you 're paying the same premium for 10 years , 15 years , 20 years , or 30 years before the premium can go up , or you 're locking it in for life with a GUL or WL policy -RRB- . Other policies feature banded coverage meaning the premium may be cheaper up front than level premium policies , but they go up when you hit the next age bracket in it 's structure -LRB- typically every 5 years -RRB- . A banded policy can sound like a great thing for the first few years , but if you keep it for a long time it will likely become much more expensive and the cumulative premium that you 've paid can/will be a lot higher than what you would have paid under a level premium policy . When it comes to insurance , sometimes taking a more conservative approach to things can be more advantageous for you in the grand scheme of things than the short pluses you may get in the present . Often times people will buy a cheap policy just to have some coverage and the face amount sounds like a lot of money , but the coverage does n't come close to meeting the needs . It 's always recommended to consult with an experienced broker before buying any coverage to make sure that what you 're looking at buying is suitable and will be the best deal for you . Please feel free to contact me for further assistance . Thanks very much .


Input: How To Get Homeowners Insurance After Being Dropped?

Output: Insurance companies cancel homeowners policies under very strict conditions . If your coverage was cancelled there is probably something about the property that needs immediate attention . When the fault is corrected there will be insurance companies interested in the policy . If the condition is so severe that it can not be repaired , such as erosion near the property line or a massive sink hole , there will still be companies that will provide coverage . You need to contact a property insurance broker who handles impaired risks .


Input: How To Get Homeowners Insurance After Being Dropped?

Output: If your current carrier is dropping your coverage you can begin by contacting other carriers or independant agents within your area to attempt to secure coverage . To the best of my knowledge every state has a coverage pool that is used to get the difficult to insure coverage through companies that operate within that state at a rate that is compatible .


Input: Does Long Term Care Insurance Cover Alzheimers?

Output: Yes , Long Term Care Insurance does cover Alzheimers in most situations . If someone has Alzheimers Disease while applying for Long Term Care Insurance , they will be denied . But if the Alzheimers develops after the policy was purchased , cognitive impairment is one of the triggers for Long Term Care to begin the countdown to making payments .


Input: Does Long Term Care Insurance Cover Alzheimers?

Output: Unless specifically excluded then yes it can cover disability due to Alzheimer 's for up to the limits in the policy . Do not rely on your disability policy to pay for a long term care facility or other types of care . Disability policies can help by providing funds to pay the bills and lost income , but will not be able to pay the high cost of long term care .


Input: Can My Husband Remove Me From His Health Insurance?

Output: Yes , absent some court order , there is no mandatory requirement that a husband or wife provide health insurance for their spouse or children . When one spouse could drop their spouse from their health insurance will depend upon whether they are covered under an individual health insurance policy or a group health insurance policy and , in the case of coverage under a group policy , whether the employer uses a Section 125 plan providing for employees to pay their share of health insurance premiums on a pre-tax basis . In the group policy setting when employees are paying their premiums on a pre-tax basis then changes to coverage are limited to the annual open enrollment period or change of life status events -LRB- e.g. - marriage , divorce , child birth/adoption , loss of other coverage -RRB- . So , you and your spouse ca n't have a fight over the weekend and the your spouse walks into work on Monday and drops you from their group health insurance just out of spite . With individual health policies it is easier to change the coverage level at any month of the policy period . Now , thanks to ObamaCare , which somehow managed to not define a spouse as a dependent for health insurance purposes -LRB- remember `` We 've got to pass the law to find out what 's in it '' from Nancy Pelosi ? -RRB- . This has changed the potential status of spouses being defined as eligible dependents under the personnel policies of some employer 's group health plans . While relatively few employers have dropped coverage for spouses entirely , many employers are beginning to adopt personnel policies that require that employee 's spouses who are employed and have health insurance coverage available through their employer to enroll in their employer 's health plan or some are assessing a penalty or extra charge to spouses who do n't enroll in outside coverage through their employer 's plans . This may create a situation where a person may misunderstand that they are being forced off their spouse 's health plan due to a decision by the spouse 's employer and not the employee themselves .


Input: What Drugs Does Medicare Part B Cover?

Output: The list of drugs that Medicare Part B covers is available at the following website : WEBSITELINK . They are outpatient prescription drugs that you normally would not administer to yourself , such as injectables and infusions . Drugs that are not covered under Part B may be covered under a Medicare Part D plan .


Input: Is Aflac Life Insurance Good?

Output: Aflac life insurance is sold through American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York , with group policies sold through Continental American Insurance Company . Aflac and its companies were rated A + by AM Best in 2012 . They have been selling good term and permanent products since 1955 .


Input: How Much Is Car Insurance For A College Student?

Output: Car insurance for a college student is often very cheap , depending upon where you live and the type of vehicle you are insuring . Your age , the vehicle , your driving record , and the liability limits and deductibles will all help determine the rate . Also ... a good student discount can potentially reduce premiums and save hundreds of dollars . Other available discounts can also save money , including a reduction if you are more than 300-500 miles from home . How do you get the lowest auto insurance rates for college students ? Let an experienced broker search and compare multiple companies and you 'll save money , time and an immense amount of frustration ! LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several of the nation 's top-rated car insurance websites that offer the lowest prices for consumers . Online quotes in about a minute .


Input: What Is Life Insurance Maturity Date?

Output: The life insurance maturity date is the date that the policy ends or when the proceeds are paid . If Term life , the policy ends and the death benefit is paid at the death of the Insured . If death does not occur during the years of the term , the maturity date passes and no death benefit is paid . In permanent insurance , a maturity date is built into the policy contract , usually rangingfrom age 90 to 121 . At that point , if the Insured is still alive , proceeds are paid to the policy owner .


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

Output: Typically , a parent would add your brother to to a health insurance policy that they purchase and you are covered on . If you have a separate policy , you can help pay for coverage on your brother , but it would be a separate policy . If you are close to the same age , his rate should be similar to yours and perhaps lower , depending on health conditions .


Input: What Type Of Insurance Do I Need To Rent Out My Home?

Output: To rent your home the proper insurance is called a DP-3 policy or morecommonlyknown as a Dwelling Fire or Landlord policy . This policy is designed to protect your investment the property along with protection as a landlord for your liability , loss of use , wrongful eviction and personal injury . Talk to your local agent as to the proper coverage for your particular dwelling .


Input: Does My Insurance Cover A Borrowed Car?

Output: That is a great question ! The answer is call your agent and see what if any of your coverage would cover you in the borrowed car . You would want to make sure that you have coverage enough in case something bad were to happen . Check first , just to be safe . Thanks for asking !


Input: Does My Insurance Cover A Borrowed Car?

Output: It is possible that your personal auto policy does extend coverage onto another car while it temporarily replaces your own . This is something that would be important to discuss with your Insurance Professional of course . Also , keep in mind that if coverage does extend , only the coverage that you have in your policy will apply . So if for example , you have an older car and are not carrying Comprehensive or Collision , then your policy would also not cover such damage in the borrowed car either . .


Input: Does My Insurance Cover A Borrowed Car?

Output: Auto insurance follows the car . The limits of insurance on the car will govern the claim in the event of an accident , even if you are driving someone elses car -LRB- with their permission . -RRB- In the event that the coverage on the car is insufficient your insurance company might provide additional coverage . It would be best to consult your agent about that .


Input: Does Renters Insurance Cover Storage Areas?

Output: Your renters insurance policy will typically provide ten percent of your policy amount to cover your personal items that are not directly within your premise . If you have fifteen thousand dollars of coverage then you would typically have fifteen hundred dollars of coverage for items outside your premise up to the coverage limits for indivual items as listed within the policy . Please read your policy completely to understand what coverage is offered and what exemptions there may be or contatct your local agent to have them go over the policy with you .


Input: Does Auto Insurance Cover Funeral Expenses?

Output: No . Auto insurance pays to repair your car if you wreck it . It can also pay to repair other people 's cars if you hit them . To cover funeral expenses you need life insurance of some sort . There are funeral preneed insurance policies for this specific purpose or you can use any death benefit from any life insurance that is in force at the time of your death . Also your funeral planning insurance wo n't pay for your car to be repaired if you wreck it .


Input: Is Golden Rule Health Insurance Any Good?

Output: While Golden Rule has had cycles of good to bad , since they were purchased several years ago , they have been stabilized . Several years ago , United Healthcare -LRB- UHC -RRB- developed a strategy of growth by acquisition . They specifically wanted to go after companies that specialized in the individual market . They acquired two companies - American Medical Security , headquartered out of Green Bay , WI & Golden Rule . For years , American Medical Security had stronger products and were typically more stable . However , with constant legislative changes , both companies struggled . UHC purchased both of them and merged their operations together , creating the new brand called UnitedOne -LRB- the name Golden Rule isstill oftenused -RRB- . In summary , Golden Rule insurancecan be good ... check with an independent agent to discuss what plan and company might fityour needs best .


Input: Can I Drive My Parents Car Without Insurance?

Output: Insurance follows the car . You , as a driver , do not have auto insurance , an automobile is insured . If your parents automobile is insured , and you are driving it with their permission , the insurance covering the car is in force . If you live apart from your parents and dont have a car or insurance on a car , and you are a licensed driver , you can , with their permission drive their insured car and the car will remain covered .


Input: What Happens When The Owner Of A Life Insurance Policy Dies?

Output: Life insurance is personal property . Policy ownership or change in ownership dictates transfer of property , which may or may not have taxable consequences . This assumes that the policy owner is not the policy insured . In general terms , the death of a married policy owner with no other testament dictates would cause the policy to go into his or her estate and through the marital deduction pass on to the spouse , who could then have the policy ownership changed to their name . Always seek legal counsel when considering ownership changes in personal property .


Input: What Happens When The Owner Of A Life Insurance Policy Dies?

Output: When the owner of a life insurance policy dies , nothing may happen unless the owner is also the insured . If the owner is the insured the policy is terminated and the proceeds are paid to the beneficiary . If the owner is not the insured , the policyholder becomes the new owner and should transferring ownership to a successor .


Input: What Happens When The Owner Of A Life Insurance Policy Dies?

Output: If there is a contingent owner named on the policy , the life insurance policy ownership would pass to the contingent owner . If there is not a contingent owner , the policy would pass through the estate of the person who owned the policy . If the estate was already closed by the time the family found the policy , they can contact the insurer for advice on how to proceed .


Input: Is Homeowners Insurance Higher With A Pool?

Output: Companies have differing eligibility guidelines when it comes to pools . Most will notadd a surchargeto the liability premium for the pool -LRB- though some do -RRB- as long as the pool meets the company ` seligibility guidelines.A fence surrounding the pool that includes a self-latching gate is a must for basically all companies . Even with that , some carriers will still only write the pool if it does not have a diving board or slide . Some carriers are OK with the diving board but not the slide , and vice versa . Some have a height limitforthe board and/or slide . All this to say , it is to your advantage to have several different carriers quote the homeowners insurance once the pool is added . Your current carrier may no longer be the best option .


Input: Is Homeowners Insurance Higher With A Pool?

Output: Insurance companies will not typically charge more for having a pool on the premises . They will , however , require that it is fenced in and meet local guidelines-like a locking gate and child protection systems . Each state has different laws pertaining to pools . You may be ineligible if your pool has a diving board as well . I would check with your local independent insurance agent to find out the rules that are applicable to your area . Hope this answer helps .


Input: Is Homeowners Insurance Higher With A Pool?

Output: Most companies will not charge extra however you must have a locked fence around the pool . Having a pool does present a larger risk so I would highly recommend getting an Umbrella policy . If you already have an Umbrella you will pay extra if you have a pool but it 's well worth it . Several lawsuits have resulted from pool accidents .


Input: What Items Are Covered By Renters Insurance?

Output: Any personal property can be covered under a renters policy . Professional equipment isnt covered , nor is business equipment . There are some limits to coverage contained in the policy , jewelry , guns , collections and money being some of them . Normally the items covered are furniture , clothing , appliances and entertainment systems .


Input: Does Critical Illness Insurance Cover MS?

Output: Some Critical Insurance Illness policies do cover MS and some do not . You would need to review the features of your particular Critical Illness policy to see if it covers a diagnosis of Multiple Sclerosis . The MS can not be a pre-existing condition in order for it to be covered by the policy .


Input: Does Critical Illness Insurance Cover MS?

Output: Some critical illness policies do cover MS , but not all of them . Look over the conditions covered to see if Multiple Sclerosis is listed , and also check to see if it is covered for 100 % of the benefit or if a diagnosis of MS would qualify you for a partial Critical Illness benefit .


Input: Can You Be On Medicare And Not On Social Security?

Output: Yes , and no . You are not required to be receiving your Social Security checks in order to be covered by Medicare , but you -LRB- or your qualifying spouse -RRB- must have had SS wages to qualify for Medicare in most cases . If you -LRB- or your spouse -RRB- do not have enough SS wage quarters you may buy in to Medicare Part A.


Input: Can I Get Life Insurance After Heart Surgery?

Output: Life insurance is generally available to most people . Preconditions , including heart problems , do n't necessarily preclude someone from being insurable . First , you must understand that the issuance of life insurance is primarily dependent upon one 's medical condition . So although you may be limited by the amount of coverage you can obtain you should still be eligible as long as your condition is being treated and you have n't been told by your physician that `` death is imminent within the next 12 months '' . Second , you have to seek out insurers , like myself , who are more flexible with their insurance offerings . For instance , insurer 's such as myself can often issue a policy without a medical exam .


Input: Can I Get Life Insurance After Heart Surgery?

Output: In order to get life insurance after heart surgery , you will usually need to wait at least a year -LRB- unless you are buying guaranteed issued life insurance , which can be issued right away but will have a graded period of at least two years before it pays 100 % -RRB- . Once a year or two is passed , you can get simplified issue life insurance in most states . These may or may not be graded and do have a fairly low minimum face amount -LRB- usually $ 50,000 or less -RRB- . If your heart surgery was a one time event , if you did not have a heart attack -LRB- or the heart attack was mild -RRB- , you now follow a heart healthy lifestyle , and if enough time has passed without event that you have been able to go off blood thinners , you should be able to get a medically underwritten policy . Even if not all these conditions are met , you may be able to get a medically underwritten policy with a `` flat extra '' for some years . Contact an impaired risk agency who understands life insurance for those with a history of heart disease to get your most affordable rate .


Input: Can I Get Short Term Disability Insurance?

Output: Assuming you are healthy , working and generally younger than age 65 , yes you should be able to secure disability insurance coverage . But before you start shopping for short term disability insurance you may have it already in your employer group benefit plan , so talk to your human resource department to find out . If you decide to shop for short term disability insurance , keep in mind that there are really only about a dozen disability companies worth reviewing . You can divide them into two categories : blue and white collar vocations . Once you identify your category the companies to review are few . We can help with that .


Input: How Does Borrowing From Your Life Insurance Work?

Output: If there has been enough cash value accumulation in your life insurance policy to borrow from -LRB- after surrender charges and fees -RRB- , you start by requesting a loan . The money is provided to you by check , or by money deposited to the account from which you pay the premiums . You need to set up a payment plan to pay back the loan with interest in order for your policy to stay intact with the original guarantees .


Input: Is Medigap Better Than Medicare Advantage?

Output: Deciding whether or not Medigap is better than Medicare Advantage is a personal opinion . Many people enjoy both types of health care coverage . One of the great things about Medigap is that you can use your Medicare Supplement insurance plan anywhere Medicare is accepted . You do not have to use a Network of doctors or stay within a service area like Medicare Advantage Plans . On the flip side , many people like Medicare Advantage Plans because the premium is often lower than a Medigap Plan . However , your Out-of-Pocket costs may be higher . The best way to find out which type of Plan works best for you is to contact an independent insurance agent who can help you compare benefits and costs .


Input: When Is Long Term Care Insurance Worth It?

Output: Long-term care is worth it when 1 . A person is capable of affording to pay the premium for at least a base policy . There is no sense buying a long-term care policy only to have to let it go later because one can not afford it anymore . 2 . Assets that are targeted for moving to the next generation need protection against the high cost ofprolonged end-of-life care . 3 . There is a family history of dementia or Alzheimer 's disease , or other debilitating ailment that might be genetically transmitted . 4 . One does not want to be a financial , emotional , or psychological burden to their spouse or adult children . 5 . Quality of care is an issue . 6 . Staying at home for as long as possible if one becomes chronically ill instead of having to go into a care facility is important . 7 . Adult children are willing to pay premiums for a long-term care policy for their parents . Probability statistics are not entirely reliable because we really do n't know what new medical procedures or accommodations may come along in the future that would change the current situation regarding long-term care . But , the best guess I 've seen justified is that about 1 in 6 will need about 2 years of care to perform daily activities before they die . The cost for that in todays dollars depends on where one lives and how long family members can last taking care of a seriously disabled elderly person before they need skilled help .


Input: What Does State Farm Home Insurance Cover?

Output: State Farm , of course , is one of the largest insurers in the US and is very reputable . State Farm , like other major carriers , offers many types of homeowners policies . For example , if you own and occupy the home , the most common policy will cover your structure , contents , detached structures and also provide coverage for medical payments to others , liability and additional living expenses in the event of specific situations . Also , condominium and renter 's policies are offered along with contracts for homes you own but do not occupy . Visiting a reputable insurance website will provide more specific details along with free quotes from additional carriers .


Input: What Does Optional Life Insurance Mean?

Output: Optional life insurance refers to the amount of life insurance that you can purchase through your place of work , that goes beyond the amount of life insurance your employer gives you . You will not have a tax break on this optional life insurance , but you will still be able to take advantage of the group life insurance rates .


Input: What Is The Best Company For Medigap Insurance?

Output: The best Medicare supplemental insurance plan in your state is one that matches your needs and budget . Medigap insurance rates vary considerably by zip code , age , tobacco use and plan . The older you are the higher your Medicare supplement rate will be . The exception is for those who are under age 65 and on disability and Medicare . In most states rates for under age 65 are astronomical . Many carriers offer competitive rates from age 65 to 74 . Above age 74 some plans -LRB- surprisingly -RRB- become more competitive while others less so . Tobacco use often adds 20 % to the rate but can be more , depending on the carrier . Plan F is the most expensive -LRB- and most popular -RRB- followed by D or G -LRB- depending on your state -RRB- , N then Hi F which is the least expensive . You can generally find a site that offers `` instant Medigap quotes '' but keep in mind the most competitive rates are usually not illustrated online . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: What Is The Best Company For Medigap Insurance?

Output: Medigap plans or medicare supplement plans are standardized by the medicare system , . There are currently 10 Plans available and they are lettered A - N each having slightly different benefits . That means that Plan G from comany xyz and Plan G from company ABC will have the benefits , cost is usually the only difference between medicare supplements sold with the same letter.So it is not necessary to go with the most recognizable name offering the plan desired .


Input: What Is The Best Company For Medigap Insurance?

Output: The actual company you buy your Medigap or Medicare Supplement makes very little difference . All companies are required to sell the exact same thing . They all have the exact same benefits and the same doctors and hospitals take all of them . So you really want to focus on which plan you want not which company you want . Once you select your plan , you just have your broker show you the rates of all the popular companies . Choose a lower priced company because it 's exactly the same as the higher priced companies .


Input: Is Medicare Part D Good?

Output: If youdefinehaving insurance coverage for your prescription drugs when you are age 65 + as `` good '' when prior to the Bush administration 's implementation of this plan seniors on traditional Medicare did n't , then Medicare Part D is definitely a good thing . In fact , some would argue that Medicare Part D , with its pesky reliance on private insurance options and marketplace competition , is the only part of Medicare that has delivered on it 's promises of expanding coverage for a high utilization population segment and managed to come in under initial cost projections . Medicare Part D is just another level of Medicare coverage specifically designed to address prescription drug coverage . As with Medicare supplement plans , different insurance carriers offer Medicare Part D plans with different levels of coverage and price points for consumers to select from during their initial eligibility period and subsequent open enrollment renewal years . This means that the consumer is obliged to shop around because not all Medicare Part D plans are created equal , far from it . Most consumers would be well served to use the services of an insurance broker who is knowledgeable in the various Medicare Part D plans available in their marketplace .


Input: Does Johns Hopkins Take Medicare?

Output: According to John Hopkins ' website on 5-24-2013 , they are particpating for Medicare at John Hopkins University , The John Hopkins Hospital , and John Hopkins Bayview Medical Center . However , these institutions do not contract with Medicare Advantage Plans . To get more information , visit their website and contact John Hopkins at the contact information provided there . WEBSITELINK


Input: Who Buys Annuities?

Output: Annuities are bought by many types of people . Mainly people who are saving for retirement . The majority of annuity owners are 50 or over . it is a retirement savings product that traditionally has lent itself to near-retirees . The closer you get to retirement age , the more conservative your retirement savings should become . This is to help eliminate volatility , which can be very harmful to retirement income . But some types of Annuities can be suitable for younger people too . Variable Annuities offer direct market investments which can be attractive to younger buyers . And Indexed Annuities offer index-linked interest gains , which can act as an in-between to a traditional Fixed Annuity or CD , and a Variable Annuity or other market investment . Many Indexed Annuities offer a Guaranteed Lifetime Income Rider . This rider is now available to people as young as 40 , and a few companies even offer it to any age . This Rider can be an excellent guaranteed source of income for a younger consumer , and supplements other retirement savings very well .


Input: What Does Health Insurance Out Of Pocket Mean?

Output: Out of pocket is the amount you have to pay out of pocket for covered medical expenses . For example if your policy has a $ 10,000 out of pocket max , then the most you would pay for covered medical expenses would be $ 10,000 plus your deductible for that year regardless of how much your actual medical expenses were . The key here is covered medical expenses . If a procedure is not covered the out of pocket for that procedure would not be included in the total out of pocket in your policy . Deductibles and copay 's also typically do not count , so if you go to a doctor and have a $ 20 copay , that $ 20 is not counted in the out of pocket max .


Input: What Does Health Insurance Out Of Pocket Mean?

Output: Health insurance out of pocket generally means the amount you must pay for your share of in network coinsurance , after you have satisfied your deductible . Some plans will include your deductible in your out of pocket limit , but most do n't . Understand the difference . Non-par claims have a separate deductible and out of pocket maximum , or sometimes there is no out of pocket limit . You should also be aware that non-par providers are allowed to balance bill , essentially making your out of pocket meaningless .


Input: What Is A Face Amount Of A Life Insurance Policy?

Output: The face amount of a life insurance policy is the original dollar amount for which the policy was taken out . It is also the amount that is paid to the beneficiary or insured -LRB- if the policy matures -RRB- , minus any loans , or increased by any values stated in the contract .


Input: What Is A Face Amount Of A Life Insurance Policy?

Output: It is the amount of money your beneficiary will recieve upon your or the primary insured . Commony called the death benefit . I personally prefer to call it the loving living benefit . The face amount -LRB- ex . 100,000 -RRB- can be increased by dividend accumulations or by cash surrender value if you have a indexed universal life policy . I usually recommend at least 10 times the amount of money earned by the insured plus other fixed expenses like a home mortgage or business loan.Also the number in the family and for how long they would be dependent . Be very very wise in choosing whom the beneficiary and alternate beneficary will be .


Input: How Much Should Renters Insurance Be?

Output: If you live near me you could expect to buy a renters policy with a limit of $ 25,000 of personal property coverage and $ 300,000 of liability coverage for about $ 15 per month . Having said that , each policy is individually underwritten and premiums vary . Setting the limit is the key issue , not the premium . Get help in setting the right limit and you will be particularly happy if you have a major claim .


Input: How To Transfer Health Insurance From State To State?

Output: How do you transfer health insurance from state to state ? Well in most cases you do n't transfer your health plan , you transfer the fact that you have carried insurance before and should not be subject to pre-existing clauses . That is what `` Portability '' means . You are able to transfer your history of having insurance to a new insurance plan .


Input: How To Transfer Health Insurance From State To State?

Output: Most national carriers issue policies using a national network and can be continued even if you move to another state . Blue Cross plans are an exception . If you have a Blue Cross plan and change your residence to another state you must apply for a new health insurance plan . You can apply for coverage from Blue or another carrier .


Input: How To Transfer Health Insurance From State To State?

Output: Many insurance companies do not have policies that can be transferred from state to state and it is best to ask your provider if they do or not . If it is not potable you most likely would have to re apply in the state you are moving to . US Health Advisors policies are portable to other states . Feel free to contact me for more information .


Input: How Much Does Homeowners Insurance Cost In New Jersey?

Output: The cost of Homeowners Insurance varies based on coverage limits , deductible and options selected . In order to obtain a quote for home insurance , you will need the year built of your home , the square footage of the home , type of roof , security features -LRB- i.e. central station alarm monitoring , smoke detectors , deadbolts etc. . . -RRB- and other items specific to the home . If you wish to utilize a self service online system , we have a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Who Pays For Part A Of Medicare?

Output: Most people do not pay any premium for Medicare Part A because they are qualified to receive it at no charge . Free premiums are obtained by paying into Medicare for at least 40 quarters , or being the spouse of someone who did , or being disabled , to name a few ways . For them , the Social Security Administration pays the premium . If the Medicare recipient has not earned free premiums , they pay the premium from their own pockets .


Input: Does Auto Insurance Cover Hitting A Dog?

Output: The liability portion of your auto insurance should provide coverage for damages to the owners of the dog and if you have full coverage on your vehicle meaning collision and other than collision then your vehicle damages should also be covered . Please remember every company and every policy is different . Read your policy completely to know what coverage is offered and what exclusions it has or contact your local agent to have them go over the policy coverage and exclusions .


Input: The Portability Of Health Insurance Is Governed By Which Laws?

Output: The Health Insurance Portability and Accountability Act -LRB- commonly referred to as HIPAA -RRB- was created in 1996 and amended ERISA and PHSA . It was designed to standardize how medical data/information is stored and shared across the country to help prevent fraud as well as ensure that plans would be portable , renewable , and accessible to people .


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

Output: The key to this question is insurable interest . You must have a good reason to buy the insurance . Secondly , you will need your fathers cooperation . Your father must complete non-medical information and may have to submit to some routine procedures such as urinalysis , mouth swab or x-ray . There are subcultures in the USA where this is a common practice to prepare for the inevitable expense of the funeral .


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

Output: You probably can , yes . In all cases , in order for you to purchase a life insurance policy on another person , you must have an insurable interest in that person . That requirement would it seems be met in this case . Next , however , the person to be insured must also meet the insurance company 's underwriting guidelines in order for them to issue a policy . Coverage in this case , therefore would be subject to your Dad 's current health , his medical history and age among other factors .


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

Output: Whenever you want to get a Life Insurance policy on another adult , such as your father , all you need to do is fill out the application . What you will need to know is who the owner will be ? Is that going to be your father or you ? Who is paying the premiums ? What is the purpose of the insurance ? Your father will have to sign the application as the applicant/insured . You CAN NOT sign it for him . Be sure to have all the facts straight regarding his medical history as well . Last , I highly recommend working with a broker to help you through this process which will get the application through underwriting that much faster .


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

Output: The first step in taking out a life insurance policy on your father would be to talk it over with him . That shows respect , can avoid hard feelings , and also helps ensure that he will not back out at some point in the process . Most children only need a small policy on their parents , and you should be able to easily find him a small policy that does not require an exam . However , if you are taking out a policy on your father that requires a large face amount -LRB- e.g. so that you can buy out his share of his business when he dies -RRB- and that will entail an exam . Ask him ahead of time if he is OK with taking the exam . Get a list of his medications , what health conditions he has had , and his height and weight , then shop for the best rate . If you do not have all that information , you may end up putting your father through a discouraging decline that could have been avoided . With this arsenal of information , you can find his best price and make it into a more satisfying exercise for both of you .


Input: What Is The Average Car Insurance Rate For A Teenager?

Output: In California it isnt age but experience that determines the classification of a driver . Drivers with less than three years of experience as licensed drivers pay the most , with those with less than 8 years paying more than normal . Interestingly there is also a premium change that occurs as the drivers age . The exact amount of these premiums is best determined by consulting with a licensed trusted insurance agent .


Input: Where Do I Find Cheap Health Insurance In Ohio?

Output: Fortunately , Ohio features some of the least expensive health insurance rates in the US . The major carriers in the state are Anthem Blue Cross , UnitedHealthcare -LRB- Golden Rule -RRB- , Medical Mutual , Aetna and Humana . Assurant and Celtic also offer coverage although their prices are not always competitive . SummaCare , Kaiser and HealthAmerica offer plans in portions of Northern Ohio . Reputable websites and/or experienced brokers can often offer policies to consumers . Typically , individual , family and small-business plans are available . Of course , in 2014 , policies can be purchased -LRB- with help from a broker , if needed -RRB- through the Ohio Health Exchange , a `` marketplace '' created from `` The Affordable Care Act . '' Federal tax subsidies will be available to those persons that qualify .


Input: Where Do I Find Cheap Health Insurance In Ohio?

Output: I like to recommend finding a good local independent agent in your area who specializes in health insurance and is knowledgeable with the networks and plans most competitive in your area . A local agent can also provide personal service not available from purchasing over the internet or the phone . A local agent may also be able to help with other insurance needs and do a thorough job of making sure you and your family are protected in all areas .


Input: I take a prescription drug which the manufacturer will reimburse all but $5 a month of my co-pay. My employer set up an HRA and won't allow me to use the drug manu.plan. I must use HRA?

Output: The Affordable Care Act does not determine the exact policies an employer can apply in their use of an HRA -LRB- it impacts HRA usage in some other ways but not in the context you are concerned with -RRB- . You did n't provide any details as to how your employer has structured their HRA and whether your employer 's health plan is fully-insured or self-funded . It may be that your employer has structured their plan design so that HRA dollars are used first , this is an allowed arrangement . It may even be that the HRA is limited to particular services . If , as you seem to describe , you have a separate card from the drug manufacturer that covers a substantial portion of the prescription 's cost you may want to discuss with your pharmacist what your out-of-pocket cost for the prescription would be using the discount card and not filing it as a claim against your employer 's health insurance plan . You might even want to shop around as prescription costs can vary significantly from one pharmacy provider to the next . If the discount card is covering most of the cost of your prescription and you are wanting to conserve your HRA dollars then paying out of pocket may be the best way to accomplish that . Also , I would recommend that you have your employer or your employer 's human resources person explain to you in more detail how they have their HRA arrangement set up so that you can most effectively use it going forward .


Input: How Much Does Individual Health Insurance Cost In Texas?

Output: The cost will depend on several factors : age , gender , Zip Code , health status , tobacco use and the plan of benefits you choose . After 1/1/14 , plans will no longer require health status , age orgenderto determine cost but it will probably cost you more to wait . Do a search for `` health insurance '' and you will find several sites to provide quotations .


Input: What Is Joint Life Insurance Policy?

Output: Joint life policies are Life Insurance policies that are written on two lives rather than single , This means that if one of the joint policyholders dies during the term then the benefits would be paid to the use surviving holder . This is only a one time payment and the policy is to insure two lives . On the contrary , in a single policy the policy is written on one person or two people , therefore , becomes separate policies and the benefits are payed for each policy owner .


Input: What Is Joint Life Insurance Policy?

Output: A joint life insurance policy covers two or more lives . When one of the insured persons dies , the policy pays the death benefit and ends . It no longer covers the other insured person . A joint and last survivor policy does not pay when the first person dies , but pays when the last person dies .


Input: What Is Joint Life Insurance Policy?

Output: A joint survivorship life insurance policy is a pretty ingenious creation . The idea is to have two insureds on one policy . Whats so good about that ? From an insurance companys point of view , they dont have to pay the benefit until the second insured dies . This can give them more years to collect and invest premium , than they would have with only one insured . Can you imagine if one of the insureds was much younger than the other say with an older gentleman and his younger new bride ? Decades could pass before a claim will be made . From the insureds point of view , blended underwriting can work very much to their joint advantage . Take the example above . The husband may unfortunately be older , and in ill health . He may be uninsurable , or eligible at a very high rate . However , his younger wife may qualify for the lowest rates available . The premium they would have to pay jointly could be very reasonable . Not only that : the husband may get coverage whereas on his own , that would be impossible . You can see that joint survivorship life insurance can be a very affordable way to cover needs such as estate preservation , and making charitable bequests .


Input: What Is Joint Life Insurance Policy?

Output: Some advantages to Joint Survivor policies is if one of the proposed insured has some medical issues , the policy will take into consideration the health history and still provide a favorable rating . Be sure to look at all your options as the benefits may be different between joint and individual policies . If you have an agent/broker be sure to ask them to run some proposals so you can look at and understand all your options and the benefits of each .


Input: What Does Group Life Insurance Mean?

Output: Group life insurance is life insurance coverage for an employee that is paid for by their employer - the amount is generally for coverage up to the employees salary , or a multiple of their salary -LRB- e.g. 1.5 x or 2x salary -RRB- . Additional coverage is sometimes offered for an additional cost to be paid by the employee . The cost for additional coverage may be lower for a younger person -LRB- in their 20s , 30s , or 40s -RRB- , but group coverage most often has premiums banded in 5 year intervals . For example , a given rate is charged for someone between ages 35-39 , a higher rate for 40-44 , and so on . Please note , while there 's many great aspects to group coverage , there 's also big limitations to it as well : 1 -RRB- You do n't own the coverage 2 -RRB- Coverage is limited . If you want a larger amount of coverage , you will need to purchase an individual policy to provide the supplementing amount . 3 -RRB- If you leave the company , you lose your coverage - this is a HUGE item to keep in mind and a tremendous reason to buy an individual policy . You may have slightly higher premiums with an individual policy , but the pros are substantial - e.g. even if you quit or are fired from the company , you can keep coverage going . 4 -RRB- If you leave your company , some group coverage may allow you to convert your policy to a permanent program to keep it going . However , it is generally extremely expensive to do so and the premiums can be much higher than securing an individual policy . 5 -RRB- The cost of insurance as you get older on a group policy -LRB- e.g. age 55 , 60 , 65 , etc. -RRB- becomes very expensive compared to the cost of buying an individual one . You may want to ask for a list of rates for current employees at those ages as well as retired employees that keep their coverage .


Input: What Does Group Life Insurance Mean?

Output: Group life insurance is an employee benefit sponsored by an employer . My feeling is that it should be treated as icing on the cake , meaning that it can not be considered the main source of security for your family . You have no control over the price you pay - or even if the policy will be in force next year . Better to get your own policy and maintain coverage on your own terms . Make sense ?


Input: Is Selling My Life Insurance Policy A Good Option For Cash?

Output: Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money : The Name of The Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is selling my life insurance policy a good option for cash ? Well , it is an option for cash , and if you 've owned it for over two years or more , there 's probably a little bit easier way to sell that . It is personal property . You do own it , and I say if your reason for having life insurance still exists , you need to keep it , but if your reason for life insurance , why you bought it , has no longer existing then you may want to look at it about cash . There are several companies out there that will buy your policy depending upon how much you 've put into , your age , and your actual life expectancy . That 's how much you 're going to get for that policy . Is it an option ? Is it personal property for you to sell ? It is , and you should look at this as a last resort , as a backstop for cash reserves in your portfolio . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com


Input: Does Medicare Pay For Ambulance Service?

Output: Under Part B of Medicare ambulance services are covered . Medicare will cover 80 % of your ambulance ride if it is a medical emergency and every second counts getting you to a hospital for treatment . There are some non-emergency reasons that Medicare will cover an ambulance ride . If Medicare disagrees with your decision to use an ambulance you will be responsible for 100 % of the charges . In other words do not use an ambulance as an alternate method of transportation if it is not a medical emergency .


Input: Does Medicare Pay For Ambulance Service?

Output: Medical transport services are covered by Medicare , but only if the trip is considered medically necessary . If the reason for using an ambulance was to obtain immediate treatment for a life threatening condition , the charges will most likely be covered . The bigger catch is finding a transport company that accepts assignment .


Input: How To Save On Home Insurance?

Output: The best way to save on your home insurance premiums is to carry as high a deductible as you can afford . Also in most cases carrying auto insurance with the same company as your homeowners insurance will generally get you a better rate . Also things to consider are protective devices such as a central station alarm and upgrades to your home such as roof , electrical , heating and air and plumbing can all potentially come into play .


Input: Will Medicare Advantage Go Away?

Output: Medicare Advantage plans will be around for a long , long time . Sometimes referred to as Medicare Part C , Advantage plans are offered by private insurance carriers that sub-contract with Medicare to provide benefits . Congressional funding for Medicare Advantage will be reduced going forward which will result in fewer available plans , higher premiums , higher out of pocket .


Input: Can I Get Renters Insurance If I Live With My Parents?

Output: You can , but you probably do n't need to . Your parent 's home insurance will cover your personal property since you are a resident relative . One concern would be that they would need to be willing to file a claim on their policy if something happens to your personal property . I have seen college age -LRB- over 18 -RRB- children who live at home buy their own policy so that they are protected for their stuff and they do n't have to worry about what type of coverage their parents have .


Input: Can I Get Renters Insurance If I Live With My Parents?

Output: -- > Normal 0 Im not sure why you would consider separate coverage if you are living with your parents and covered by their policy unless you are living in separate quarters . Notwithstanding that circumstance , your parents policy should include you as an insured as a relative residing with them . Their coverage may be better than coverage you could purchase separately and no additional premium is incurred . Of course , since you are not a named insured , you would not receive correspondence , be able to make changes or be named on any claim checks . If you purchased your own coverage , its possible you could unknowingly create potential claim problems . You would have your own coverage and you would still be an insured under their policy . If a claim occurred , your insurer would ask you the question , Are you covered under any other insurance policy ? If your answer is no , that may be an incorrect statement , considered a misrepresentation and potentially void your claim . If you said yes , the Other Insurance clauses in each policy would come into play . Thats a mess I suggest be avoided . Im not sure what the issues are here , but from an insurance persons point of view , it would be a situation I might prefer to avoid . There are too many potential problems and for a relatively small premium and commission , I would choose to avoid the potential downsides .


Input: Does State Farm Homeowners Insurance Cover Earthquake Damage?

Output: I do n't happen to represent State Farm , however , you will find that damage caused by earth movement will tend to be a very common exclusion in Homeowners ' Insurance policies . My advice would be to talk directly to a State Farm Insurance Professional about the specific terms and conditions of their policy . In most cases , I suspect , you will be able to have that coverage endorsed .


Input: Does Homeowners Insurance Cover Death Of Owner?

Output: If you are concerned about the death of the owner , buy life insurance . Homeowner 's policies are not designed to cover the death of an owner . The loss of the owner will be a far greater loss than the loss of the home in most cases . I have a close friend who lost her husband and later had her house burn to the foundation . She will tell you any day , insure the owner !


Input: Does Homeowners Insurance Cover Death Of Owner?

Output: Great question ! While there are some policies that will cover a few cases of death , the vast majority will not . Many people assume that homeowners insurance covers much more than it does , so I can not stress enough the importance of understanding exactly what the policy does and does n't cover before purchasing it . There may be cases where Liability coverage may cover , but again , it is a life insurance policy that typically pays as a result of a death , very rarely your homeowners . If I can help you more with this , please feel free to contact me . Thanks for asking !


Input: Does Homeowners Insurance Cover Death Of Owner?

Output: Interestingly enough , there are Homeowners ' policies that do include some limited coverage for the accidental death of the homeowner and or a resident family member . The death must be , as I said , accidental and must occur on the insured property so there are limitations both in circumstance and settlement amount . It is best to do 2 things if this is a concern . First , check with your Insurance Professional about the specific terms and conditions of your policy . Then , regardless of the coverage that may or may not be in your Homeowners ' policy , have a serious discussion about our Life Insurance needs and make that purchase - today .


Input: Does Homeowners Insurance Cover Death Of Owner?

Output: Homeowners insurance does not cover the death of the owner . Homeowner 's insurance protects the homeowner from sudden losses relating to the structure itself . Life insurance covers the death of the homeowner . Benefits are paid to the policyholders designated beneficiaries . Often the homeowner is also the primary breadwinner , and that income is needed to continue making mortgage payments , and repairs to the property .


Input: What Is The Advantage Of Medicare Part C?

Output: Let 's review the history of Medicare . When Medicare was introduced in 1965 Medicare included Part A -LRB- hospital -RRB- and Part B -LRB- outpatient -RRB- . Then the Part D was added to cover the drugs . So now we have Part A , Part B , and Part D. Part C-Medicare Advantage combines Part A , B , and D into one policy - Part C. Medicare purchasing decisions are based on the question of can I afford to pay for a medicare supplement and a drug plan plus the medicare supplement premium will increase each year . Depending which State and what County that live in many Medicare Advantage Plans -LRB- Part C -RRB- have a zero premium while they include coverage for Part A , B , & D . What is the catch ? First of all you need to understand once you make the decision to go the Medicare Advantage Plan way you will only be able to purchase a medicare supplement plan in the future only if you pass underwriting questions . So if you have developed heart conditions , diabetes , etc. then you will have to stay with Medicare Advantage or be prepared to cover the Part A deductible and all the Part B charges not covered by Medicare . Medicare Advantage has copays that are required each time visit the doctor-typically that range from $ 20 for primary care physician to $ 50 for specialist . Obviously , the more times you go to the doctor the more it pays for you to stay with original medicare


Input: What Is The Advantage Of Medicare Part C?

Output: The advantage of Medicare Part C or a Medicare Advantage plan is the premiums are often $ 0 per month or very low . In addition , you can get a plan that includes a prescription drug benefit . These two things usually catch everyone 's attention and they sometimes over look the down side to a Medicare Advantage Plan . Medicare Advantage plans have a network so you need to make sure you stay within that network at all times . The network for exactly the same plan can change from year to year which frustrates clients . The benefits to the plan you are on can also change the next year . For this reason , a lot of people consider a Medicare Supplement because the benefits can not change from year to year and there is no network to mess with .


Input: How To Switch Car Insurance Companies?

Output: It 's very easy to switch car insurance companies . First , you should find an experienced online broker -LRB- or perhaps a local agent -RRB- that features the best auto insurance prices . They will be able to easily compare prices from top-rated companies . If one of the options improves your coverage and saves you at least 10 % in cost , you can apply , with the hel of the broker for a new policy . Of course , do not cancel an existing policy until you are approved .


Input: What Is The Monthly Cost Of Home Insurance?

Output: Homeowners insurance cost will vary area to area , person to person , amongst other factors . The monthly cost is as individual as the insured and the home being insured . Monthly homeonwers insurance cost based on my experience within my geographic location is about one hundred to two hundred dollars per month . Contact a local agent to obtain a free quote for your homeowners insurance .


Input: How To Read A Renters Insurance Policy?

Output: If you are having difficulty understanding the verbiage in your renters insurance policy . I would suggest that you contact your local agent and schedule a time to meet with them so that they can go over the policy with you and help you understand the coverage offered and any exclusions contained within .


Input: Does Health Insurance Cover Giving Birth?

Output: If you purchased an `` obamacare '' health plan , marternity care is one of the 10 essential health benefits that individual plans must cover . This includes care women receive during labor , delivery , and post-delivery as well as pre-natal care during pregnancy . Make sure to check what your plan does and does not cover if you 're unsure . You can also contact your agent or the carrier directly to get specific plan information . Please feel free to contact me if you have any other questions . Thanks very much .


Input: Does Health Insurance Cover Giving Birth?

Output: Health insurance plans purchased as `` Exchange '' coverage during Open Enrollment or an SEP , covers maternity . This was one of the new required benefits that was deemed a mandate by Obamacare . Although catastrophic and non-Exchange short-term -LRB- non-compliant -RRB- plans do not cover maternity , they are low cost options that can also be considered .


Input: When Are Annuity Payments Taxable?

Output: Non-qualified tax deferred annuities accumulate tax deferred and upon distributions are taxed as ordinary income at the effective tax bracket rate of the annuity policy owner . Basis is distributed tax free . Qualified annuity distributions are taxed as ordinary income at the effective tax bracket rate of the annuity policy owner . There is no basis .


Input: When Are Annuity Payments Taxable?

Output: Annuity payments are taxable as Capitol Gains the year they are received . If the Annuity is used to fund an IRA/401k/SEP , then the annuity payments will be taxable as Income the year they are received . The only exception would be if the Annuity is in a ROTH IRA or 401K . Then the Annuity payments would be Income Tax free assuming all IRS requirements are met .


Input: What Types Of Medicare Plans Are There?

Output: When you qualify for Medicare there are two basic choices , you can keep original Medicare and purchase a Medicare Supplement and Prescription drug plan or you can enroll in a Medicare Advantage Plan . Medicare Supplements have a variety of coverage options . Medicare Advantage Plans basically take the place of original Medicare in that administration is taken over by the insurance company . You have HMO 's . These plans have a network that you MUST use . PPO 's or Preferred Provider Organizations , you can use any provider but the copay 's are less if you stay in network . You also have a few Private Fee For Service plans still out there . These are less popular because even though you can go to any doctor , that doctor can refuse coverage on a visit by visit basis . These are the most common plans available . A good agent specializing in the needs of seniors can go into more detail on how they work and the options available .


Input: When Is The Best Age To Buy Life Insurance?

Output: The age you are now . The time to buy life insurance is the sooner and earlier the better . The younger you are the lower the rate , all other things being equal . And you can lock that rate in for the rest of your life with permanent , and for 20 years with term . What is you became uninsurable ? You can protect your kids the rest of their lives from worrying about insurability . You can protect yourself when you might not be able to do so later . Do it now ! Thank you . GARY LANE .


Input: When Is The Best Age To Buy Life Insurance?

Output: While you 're young and healthy ! It 'll be a lot cheaper than when you 're 60 and have had a heart attack , are diabetic , or have had some other condition that will cause your risk class to be less favorable , which equals higher premiums . The rates will be a lot higher on age alone too - buying $ 1,000,000 of life insurance at 35 and $ 1,000,000 of life insurance at 65 are going to produce very different premiums , regardless of health . Remember though , there has to be a purpose for the benefits and they have to be suitable to you as well . A carrier may not want to approve a policy for you if you 're getting it just cause . There 's many situations that will cause a need for life insurance benefits such as getting married , having a child , and estate planning purposes , just to name a few . Consult with an experienced broker to determine what benefit structure would be most suitable for your specific needs . Please feel free to message me if I can be of further assistance . Thanks very much .


Input: When Is The Best Age To Buy Life Insurance?

Output: You should consider life insurance as soon as you love someone . While there are economic reasons to buy life insurance at an early age , it is the pain of loss that is the prime motivator to buying and keeping life insurance . When you recognize the devastating affect that your death might have on those you love , you have identified the correct time to buy life insurance .