Input: Why Do I Have To Pay For Medicare?

Output: Because the government says so . I am sure it seems illogical , that you pay Medicare taxes over your working lifetime and then when you turn 65 you have to pay again . Medicare Part A is `` free '' for most beneficiaries , but since B is optional it seems fair you should pay something .


Input: How Much Long Term Care Insurance Should I Have?

Output: How much Long Term Care Insurance you need will depend on several factors including the cost of care in your area . A good independent agent will show you what the average cost is in your area for home healthcare , assisted living and a nursing home . You may need one or all of these at some point in your life . You can then base coverage off of those figures . It is also important to have a Long Term care plan that will factor in for inflation down the road .


Input: What Are CD Annuities?

Output: There may be a deferring definition for CD annuities , but they 're generally a guaranteed fixed rate tax deferred annuity . Of course interest rates can change , but currently a taxable bank CD five year rate is around 2 % and a tax deferred fixed interest rate or CD annuity is paying around 3 % .


Input: What Are CD Annuities?

Output: Most people consider it to be a Fixed Annuity that has a level guaranteed interest rate over the entire surrender charge period . Some Fixed Annuities have a guaranteed rate for part of the surrender period , and then switch to what they call a `` current '' rate . The `` Current Rate '' can vary with market conditions . Most Annuities that are considered `` cd type '' Annuities , have a guaranteed rate during the surrender period . Then it switches to the current rate once there are no more surrender charges . But at this time , if the owner does not like the current rate , they are free to switch to a different product with no surrender charges/fees .


Input: Is Whole Life Insurance A Tax Shelter?

Output: That is an excellent question ! There are definitely ways that your life insurance can be used as a hedge against taxes . You will pay a lot more up front , but with careful planning , you can reap some sizable tax advantages . For example : With careful planning , the value of the death benefit can be excluded from estate taxes ; by paying larger premiums into a policy like a UL , or indexed UL , you can create a very large cash value that can be withdrawn tax free as an income until it is used up ; and in cash value policies , even if you withdraw more than the premiums you 've paid in , the amount is considered a loan , and again is tax free . There are dangers in doing these things , so you want to consult a good agent or tax advisor first , okay ? please contact me if you need help , and thanks for asking !


Input: Is Whole Life Insurance A Tax Shelter?

Output: Tax shelter implies that once that value is removed from the shelter it could trigger is a taxable event . That is is case with a whole life while you are living , however , the total death benefit of a whole life policy is tax free . Remember , the primary purpose of life insurance is to provide tax free cash at death . Whole life does offer tax advantaged growth . In Canada , for example a whole life policy 's cash value is exempt from accrual taxation within certain limits . Considering the tax free growth of the cash value , whole life or Universal Life for that matter , might be considered tax shelters , but it they are better thought of as having tax advantaged grow . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Is Esurance Car Insurance Any Good?

Output: I have been an agent and a manager of agents since 1972 . I have worked as a captive career agent and have managed captive career agents and I have owned several independent insurance agencies , been an independent claims adjustor . Have seen just about any claim you would think of from kid falling of a tractor , to an idiiot getting mad and raming other vehicles , all types of animals damaging property , people burning the cars , homes , rv , atv and stealing of every thing possible , intentional shooting of people , etc , etc. . Not once did I see or encounter a bad company . Seen a lot of employees who were crooks or jerks or idiots with god complex . State Farm had employees that were cheating their medical claimants in California But they were caught and the company paid dearly . Not read or heard one back thing about Esurance , however , I sure do recommend a local agent to be their on your side


Input: How Do I Handle A Retirement Shortfall?

Output: You are not unique . Studies show that less than twenty percent of those without an active plan for retirement feel confident about retiring . Here are four strategies that you can pursue if you are unsure that you can retire on the income you will receive when you retire . The first strategy is to increase your savings for retirement now . As people approach retirement they frequently lose responsibility for children , their mortgage may become paid-off and their disposable income might climb . Seizing this opportunity to increase saving for retirement is crucial . If your employer matches what you put into a retirement or savings program try to make a matching contribution to the company plan . Be careful about putting excessive money into the company plan as the investments contained in the portfolio might now reflect your risk tolerance and you could become quite worried over them . Maximum contributions increase on certain retirement savings programs and you should explore the opportunity that could afford to you . Make sure your retirements savings are coordinated . A retirement income expert could be very helpful in this regard . There are severe penalties if you inadvertently overfund a pension or retirement savings plan . If you are saving all you legally can for retirement you should then focus on reducing debt . The less debt that you carry into retirement the higher your satisfaction will be . At a minimum eliminate any credit card debt and installment purchase debt . Discuss with your accountant the wisdom of reducing or eliminating a mortgage . The second strategy would be to get better performance from your investments . This can be a reason to sit down with someone who specializes in retirement portfolios . You could have investments that have underperformed for a while and have little prospects of rebounding . This might be the time to adjust your assets so that you are better able to reach your retirement goals . The third strategy is often overlooked and yet it is the most obvious . You might be able to work longer . Forty percent of retirees start retirement because of some unforeseen event and at a date that they had not selected . The illness of parents , spouse or children can often force an early retirement . As you approach retirement make an inventory of your marketable skills and interests . Focus your attention on what you want to do and develop the expertise to move into that area whenever retirement starts . If this means staying at your current employer that can be negotiated most of the time . Some people negotiate for reduced hours , or returning to the exact same job as a consultant . If you like your work and you like those you work with , dont think that you must quit because you have reached some arbitrary age . Working longer is the quickest way to enhance your retirement income . My brother could probably work into his 90s because he was a programmer over fifty years and knows some proprietary computer languages that are still being used , but few people can program them . The fourth strategy is to decide to live on less . If this is going to be your strategy , start reducing your standard of living now . Waiting until the day you retire to downsize can bring more trauma than you want . You can live on less now , save the difference . Then when you retire you can keep marching along . This can include moving to a smaller , less difficult to manage single story home . This could mean resuming cooking rather than eating in restaurants . It usually will include reducing the number of cars . For some this will mean establishing a joint residence with a child . While this can be done , planning is essential . Your childs idea might be putting you in the middle bedroom and that might not be desirable . These are practical strategies that anyone can follow to increase the likelihood that your assets will not be exhausted in your retirement and that you can enjoy your retirement . Planning is really the key to having a successful retirement .


Input: How Do I Handle A Retirement Shortfall?

Output: Boy is that the million dollar question of the day ! There are a whole lot of folks asking that same question ... Without knowing your financial status or how near/far into retirement that you are , I can not give you a specific plan of attack , but there are some things that you can start doing immediately that will help . The first is downsize . Move to a smaller house , or less expensive area . Sell off the extra car , unneeded belongings , anything that is no longer really close to your heart , and can generate some cash . Do the same thing with your debt . Tighten the belt and pay off every high interest credit card or loan that you have . Save that interest you 'd be paying for food and electricity . Take the money that you 've found , and invest it in an investment vehicle that will provide you with an income . The second is prioritize . What are you doing that you really could be doing without ? Are you eating out 12 times a week ? Is that more important than saving for your retirement ? Things like lottery tickets , entertainment , take a second and ask yourself if they 're worth the cost . I certainly am not telling you to stop enjoying life , but I 'd ask you to consider if there is a cheaper way to do so -LRB- And lottery tickets I will tell you to stop . You lose far more money than you will ever win -RRB- . The third is to re-evaluate your current savings plan . Can you re-allocate your investments ? Do you have any annuitized investments that you can be assured to not outlive ? Can you shuffle investments that may have under-performed into better ones ? Lastly , are there ways to increase your income ? Can one of you put off taking SSI benefits , -LRB- The longer that you delay the start of the payments , the larger those lifetime payments will be -RRB- , work longer , or use a hobby to generate an income ? If you like gardening , for example , can you grow vegetables to sell , or flowers to arrange for sale ? Using something that you love to do anyway as a secondary source of income is as emotionally rewarding as it is financially rewarding . I hope that there was something in my answer that will help you , have faith . Matthew tells us that God provides for our daily needs , and if you can honestly say that He has done so so far , it 's a safe bet He will continue to . Thanks for asking !


Input: Who Should I Buy Life Insurance From?

Output: I have given a lot of thought to this question . As you know , I sell life insurance professionally . It is a very competitive marketplace , and consumers have many options . You can go to independent brokers . You can go to captive agents . You can go to P&C brokers , group benefits consultants , financial planners . You can go to bankers , accountants , stockbrokers , and virtually every other financial professional who cross-sells . You can go on-line . You can go to some companies directly . I have staked my ground as a self-employed , independent , life insurance specialist . I think this model equips me to give not just good service , but outstanding service to my clients . I will tell you why . You can not be a jack of all trades and master of none . Life insurance is not an add - on commodity . It happens to be the most complex and extensively underwritten financial product in the marketplace . In some cases , you can go through more hoops buying life insurance than if you were buying a business . A life insurance broker needs to be a master of the underwriting process . He has to guide people through those hoops to get the most desirable results . Therefore he has to specialize in this product , and this product only . Financial representatives who have become expert in another niche simply can not master a second one . How many master builders out there are also master electricians and master plumbers ? The broker also has to be independent . Its not just a question of having access to multiple companies because different companies will be competitive for different insurance . Its also a question of having access to different distributors . Different general agents will have leverage with different underwriters in different companies . You cant just affiliate with one wholesaler and expect them to get the job done right for everyone of your clients . You need to spread your business around . Treating your sales practice like a business is also key . You are not just a salesman , and you are not just an expert . You are a businessman who can not survive without clients . You do not get paid until they are happy with the policy they bought . You need to have an attitude of keeping the customer satisfied . And that starts with making integrity the core of your business model . Every quote given should be both competitive and reliable . People should know what theyre getting before they sign on the dotted line . They should expect to get approved at the rate quoted . This is a normal expectation every consumer has . Whether you aree buying a toaster , a car , or an entire corporation , the product must be delivered at the agreed-upon price . This means that the life insurance salesman must make a commitment and an investment in every client taken on . He will have to negotiate and advocate on behalf of the client to make sure that all parties involved in the prequalification and underwriting processes perform with integrity . This way you as the consumer will be a happy camper when you do business with that broker . And that is the bottom line .


Input: Who Should I Buy Life Insurance From?

Output: All the points above are great ... let me make mine short & sweet since I 'm late to the game here . 1 . Underwriting ... We work with 50 + carriers . Why ? Great question . Even 5 pounds can make a difference . Plus , family history , hobbies , occupation , & much more . We have a survey with over 80 questions that we use to `` Match Make '' between you & the carrier . That is NOT to toot our horn ... it 's to say that we dont miss any factor that could impact the health tier you receive . *** If your agent isnt asking A LOT 2 . GET MORE for your money There are several types of life insurance so not to debate the types here I want to pick on the very commonly bought , Term Life . Only about 3 % of term life policies ever pay out . THREE !! Everyone should own life insurance in case they are one of the 3 % . However , guys have a 50/50 chance of getting cancer ladies , its 1 in 3 . There is a new generation of life insurance that will pay a benefit and you DONT have to die Look into it . - gravy


Input: Who Should I Buy Life Insurance From?

Output: You should be life insurance from an agency that offers a selection , has knowledge of health and products so they can match you with the best one for your health , and does their business in a respectful and ethical manner . Life insurance rates are set , but the health rating you get will affect your rates , and the expertise and customer service of your agent can affect the rating you end up with . Starting out with someone who appears to know what they are doing can save you lots of time , money and frustration .


Input: Who Should I Buy Life Insurance From?

Output: You should buy life insurance from a life insurance agent that you trust . If you dont know such agents get a recommendation from your friends , colleagues or neighbors . That good agent will take the time to listen to you , offer sound financial advice and communicate clearly with you and the insurance company .


Input: Who Should I Buy Life Insurance From?

Output: You should purchase life insurance from an independent agent who has access to the majority of life insurance companies . Its important to review a brokerage spreadsheet to give you some solace that youre reviewing the best quotes available in the market . There are also online distributors of life insurance that offer a huge selection of companies .


Input: Is Liposuction Covered By Health Insurance?

Output: Liposuction is typically completed as an elective procedure and not medically necessary - therefore the procedure would not be covered by a health insurance plan . It 's always helpful to contact the carrier to find out if a specific service would be covered or not if you 're not sure . They would be able to give a definitive answer to your specific situation . Please feel free to contact me for further assistance or if you have other questions . Thanks very much .


Input: Is Medigap The Same As Medicare Supplement?

Output: Yes . Medigap is simply another name for Medicare supplement . They are the same plans - there are no differences between them . I hope the information is helpful - please feel free to contact me for help , including quotes and plan comparisons , and if you have any questions . Thanks very much .


Input: Is Medigap The Same As Medicare Supplement?

Output: Medigap Insurance is for the gaps of coverage in Medicare Part A and Part B . You buy a Medicare Supplement or Medigap Insurance for this purpose . Medigap Insurance is a Medicare Supplement . These policies come in different levels that are determined by theGovernment . Each policy with the Letter corresponding to it is the same amount of coverage of the Medigap in MedicarePart Aand Part B.


Input: What Is The Role Of The Investment Advisor In A Mutual Fund?

Output: That is a great question ! The role of the adviser is supposed to be as a guide to helping you select the best funds for your desired goals in your portfolio . They are to work with you in selecting funds that are a fit for your goals in risk allowance , growth potential , and fee structures . They are supposed to be experts in identifying well performing funds , trends , and emerging investments . Many of them are very good , and have clients that are well prepared for retirement . There are many of them that are paid by their brokerage house for the specific funds they want sold , and for the commissions and profits earned for the brokerage . Their focus may not then be so much on your needs as it is theirs , and that 's been the industry rub . The high fees hidden in the fund structure has led to an increasing number of investors switching to indexed funds -LRB- like Vanguard -RRB- or moving away from the brokerage houses and purchasing their leading stock investments themselves , and eliminating the fees and middlemen . Nobody likes to see that the person who is supposed to be making you money is making more off you than you are making . If you choose to invest in a mutual fund that has an adviser , please be sure to meet with them face to face . Interview them before investing . Ask about how they are paid , what the fees are for the fund , and real life performance on the fund , not projections . Ask how often the stocks within the portfolio are exchanged -LRB- anything close to 100 % is risky for you - they make money for the brokerage on the exchanges , increasing fundholders ' expense -RRB- . Shop for your mutual fund very wisely , before investing a penny . For all the touted returns , according to a recent DALBAR report , the average equities investor has only realized a 4.4 % return -LRB- for a 20 year study concluded in 2007 -RRB- , under-performing the S&P by more than 7 % , and after inflation , returning only 1.44 % . Do your homework , and look carefully before investing , okay ? Please do as we do - if the interview leaves you with more questions than answers , if you had a bad feeling about it , or if you felt that the adviser was elusive in their answers , thank them for their time , and move on . Again , like in any business , some are good , some not so much ; but it 's your future and your money , not theirs , so treat it accordingly . Please feel free to contact me if you have any specific questions , okay ? Thank you for asking !


Input: Much Does Life Insurance Cost A 40 Year Old?

Output: To see what life insurance costs for a 40 year old male or female , with different builds and health conditions , you should talk to an insurance professional who asks questions so he/she can quote you correctly . To get a general idea of what different face amount and policy terms would cost for a 40 year old , you can use a free , instant quote engine provided on some life insurance websites . However , that quote could be way off base when risk factors and health conditions are involved . It is always best to talk to someone in addition to getting your quote online .


Input: Much Does Life Insurance Cost A 40 Year Old?

Output: It depends on how much you need and for how long you need it . Term life insurance can cover a temporary need and is very affordable . For example , if you need coverage for 30 years , and are in excellent health , it may be possible to obtain $ 500,000 coverage for a level premium for that duration that amounts to a little more than $ 2 per day . For lifetime coverage that you can not outlive , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . You should meet with a life insurance professional who can assist you .


Input: Much Does Life Insurance Cost A 40 Year Old?

Output: For a 40 year old nonsmoking male 10 year term life insurance for $ 100,000 of coverage from a few leading life insurance companies is : super preferred is $ 93 , preferred plus & preferred is $ 107 , standard plus is $ 123 , standard is $ 139 . Permanent guaranteed universal life for the same scenarios above is : super preferred is $ 198 , preferred plus & preferred is $ 224 , standard plus is $ 260 .


Input: How Does Permanent Life Insurance Work?

Output: The permanent policy is designed to last a lifetime . Whole life policies not only last a lifetime but they are sustained by a level premium . Other permanent plans can have a flexible premium but they do not usually guarantee to last a lifetime . Actuaries compute what amount of money will need to be collected each year to pay deaths claims within the insured group in each year in the future . To maintain a level premium they will charge more in the early years than the cost of the pure insurance . This money , and the interest earned on the money combine to form the cash value of the whole life insurance policy . The cash value offsets the face amount of the policy reducing the need for pure insurance . At the time of death the beneficiary receives the face amount .


Input: How Does Permanent Life Insurance Work?

Output: There are really only 2 types of life insurance ; permanent insurance which means it can last the rest of the insured 's life and will typically not call for an increase in premium . Then there is term insurance which only last for a set term and then disappears . Many permanent policies are the only policies you can purchase that offer cash value build up within the policy .


Input: Does Cvs Accept Medicare For Flu Shots?

Output: Flu shots administered by CVS are typically covered by Medicare Part B as long as the person receiving the flu shot has not assigned his/her health benefits to an HMO -LRB- Health Maintenance Organization -RRB- . CVS is an approved Medicare provider of flu shots and the shot can be given right at the pharmacy location .


Input: How Much Am I Worth In Life Insurance?

Output: Every one has a human life value . A rule of thumb is this is projected income over your lifetime . For example a person making $ 100,000 a year over 30 years would earn $ 3,000,000 . Add in an inflation factor and you would have the Human Life Value . There are other ways to figure this but I am trying to keep it simple . What percentage of this you cover with life insurance is an individual decision .


Input: How Long Can Children Stay On Parents Health Insurance In Pennsylvania?

Output: Because of recent law changes by President Obama , children may stay on their parent 's health insurance policy up to age 26 . This is true throughout all 50 states . Children dependents , up to age 26 , may stay on their parent 's policy even if they are married , attending school , not financially dependent upon their parents , not living with their parents or even if they are offered their own insurance through employment . Special needs children can be covered under their parent 's plan past age 26 .


Input: Will Life Insurance Cover Medical Bills?

Output: Life insurance will cover medical bills or whatever bills that the BENEFICIARY uses the proceeds to cover . Unless the life insurance policy has `` living benefits '' or a rider specified for certain expenses incurred while still alive , the policy does not pay out anything until the death of the insured person .


Input: When Does My Health Insurance End When I Quit My Job?

Output: It depends on the company you work for . Some companies will cover you for the remainder of the month , some you insurance ends right away . Your company is required to provide you with a certificate of creditable coverage and offer COBRA which will allow you to continue coverage for a period of time on a self pay basis .


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

Output: There are a number of features I look for in home insurance coverage but my main objective is to have a balanced insurance program . Usually homeowners also own vehicles , have some form of health insurance , life insurance and even disability insurance . Home insurance should be consistent with other coverage you purchase . And it is not a bad idea to combine coverage with the same insurer whenever possible . Its better to deal with someone you already know if you trust them than a stranger simply trying to sell you something . I like to see all-risk * coverage on your home and your personal property . Most policies provide only limited coverage on personal property . I like insuring agreements that say , Any accidental direct damage is covered unless specifically excluded or limited . An insurance policy is easier to understand if you know what you are not covered for . Perils like flood , wind , earthquake and sinkholes may deserve special consideration in certain areas . Id also watch for limitations on certain property like jewelry and silver . I like to see guaranteed replacement cost coverage on the structure and replacement cost on personal property . Deductibles and liability limits should be consistent with those you purchase on your cars .


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

Output: 1 -RRB- Ensure the house if insured to value . Value is the `` replacement cost '' of rebuilding the house after a loss . Is based on construction type and additions and square footage . 2 -RRB- Personal Liability limit should not be less that the replacement coast of the property . If your house is insured for $ 250,000 do n't carry just $ 100,000 , insist that the liability be at least $ 300,000 , or $ 500,000 if offered by carrier 3 -RRB- In older homes get increased Law and Ordinance coverage , as well as Water-Sewer back-up coverage 4 -RRB- If you can afford itsincreased cost , get `` replacement cost '' on your contents as opposed to Actual cash value -LRB- ACV -RRB- 5 -RRB- Try to get as much Loss of Use as you can . Loss of Use pays a HO if they ca n't live in the house , typically due to fire and wind damage in Florida . It pays the increased cost you will have in hotels or a rental place , new clothing , eating out and other expenses . 6 -RRB- Find out about any animal exclusions the policy may have if you have a dog 7 -RRB- Find financial situation of the insurance carrier .


Input: What Is The Best Life Insurance Term Or Whole?

Output: Whether to buy Term , Whole or another kind of life insurance depends on your need and desire for your life insurance coverage . If you are a person who has a hard time saving money , getting Whole Life insurance can serve the dual purpose of protecting your family in case of death but also generating a cash value to borrow from for emergencies or life events such as college or marriage . If you have a temporary need , such as wanting to be able to pay off a mortgage in the event of your death , Term Life Insurance costs less per thousand . It does not accumulate cash value and will expire at the end of the term . Universal Life or Indexed Universal Life is another choice . It can be guaranteed not to lapse for the rest of your life at a locked in premium , and is more adjustable than Whole Life . It can be made to generate very little cash value , so that it is affordable lifetime protection . Or it can be funded to have lots of cash value that can be borrowed from tax deferred for retirement income . A good life insurance agent will discuss your financial situation , your goals , and your options with you , and help you arrive at what is best for you .


Input: What Is The Best Life Insurance Term Or Whole?

Output: Life insurance is an indemnification product to coverage the financial liabilities and future obligations of the beneficiaries of the policys insured . If the financial liabilities and future obligations are temporary and less than 30 years , purchase term life insurance . If the financial liabilities and future obligations are permanent and ongoing for life , then purchase permanent life insurance . But consider guaranteed universal life , which is generally cheaper than participating whole life insurance .


Input: What Is The Best Life Insurance Term Or Whole?

Output: They 're both great products , but one is not necessarily better than the other . What 's best for you may not be what 's best for someone else - it ultimately depends on the needs you are trying to meet with the coverage . For example , if you have a temporary debt you want to have covered such as a home mortgage , you may want to consider term insurance . If you 're buying coverage for the purposes of estate planning , you may want to consider permanent insurance -LRB- universal life or whole life insurance -RRB- . If cost was not an issue for you , having a permanent life insurance would provide the optimal route in the long term . However , most people have limits to the size payment they can make each month . An independent life insurance broker can work with you on a personal level and help you determine how much coverage would be needed to cover all of your goals and for how long you would need the coverage in force -LRB- often a combination of term and permanent coverage is purchased -RRB- . if the premium for meeting every goal is too high , you can determine which are the most vital that you want to meet and restructure the face amount and term length accordingly to lower the premium and keep it to an affordable amount . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: What Is The Best Life Insurance Term Or Whole?

Output: They are both the best . It 's kind of like asking which tire on your bicycle is best , unless you 're really good at doing wheelies you 'll need both to get where you want to go . To keep things simple , someday you are going to die . At a minimum there will be funeral expenses to pay , perhaps some unpaid bills and maybe you want to leave something behind for your loved ones . The hard part is our birth certificates do n't come with an expiration date on them so we never know exactly when the Grim Reaper is going to arrive . A wise person would have a paid up whole life insurance policy with a coverage amount that can address these basic issues . However , whole life insurance is more expensive than it 's cousin , term life insurance , and many people ca n't afford to cover all of their potential death exposure over the course of their entire lives with whole life insurance alone . At certain stages of our lives , generally our most productive years when people are starting their careers , marrying and having families , carrying home mortgages and car loans , needing to put the kids through college , etc. , if the person were to pass away during these stages of their life they need a much larger amount of life insurance to provide for all of the unmet needs they would leave behind . This is where term life insurance comes into the picture . You can buy a much larger amount of death benefit for a lower cost for a period of 10 , 20 or 30 years with term life insurance thus protecting your loved ones during the period when your loss would be most financially devastating . So , really , you need to have both types of life insurance and just get good advice as to what the appropriate amounts of each type of policy should be to maximize your protection over the expected course of your entire life .


Input: Who Can Be The Owner Of A Life Insurance Policy?

Output: The most common owner of a life insurance policy is the person whose life is being insured . However , another person who has an insurable interest in the life of the Insured can be an owner of the policy . Also , a trust can own the policy . Whoever owns the policy has the right to change beneficiaries or make changes to the policy .


Input: What Does Covered By A Retirement Plan At Work Mean?

Output: Employers can establish a retirement plan for employees of their businesses . The plan must meet legal requirements including being published . A covered employee is one who can participate in the plan . Any money that you contribute to the plan is always available to you . A vested employee is one who has an interest in the money contributed by the employer .


Input: Does Car Insurance Improve Credit?

Output: Insurance carriers to the best of my knowledge and based on my experience do not report any payment history information to credit agencies . Making your payments as scheduled will more than likely not provide for any improvement to your credit score but not paying your premiums on time -LRB- if you have not cancelled coverage with that carrier -RRB- could potentially have your account turned over to a collection agency which could affect your credit score .


Input: How To By Life Insurance?

Output: Some steps to buying life insurance are : 1 -RRB- Find the agency you want to use . Peruse the internet or Yellow Pages , or get referrals from others . Find an agency that carriers lots of choices , and offers service and companies that you can trust . 2 -RRB- Figure out what type of policy best suits your needs . Your agent can help with that . 3 -RRB- Fill out an application and submit it . 4 -RRB- If you are purchasing No Exam insurance , that is all that needs to be done . If you are applying for a medically underwritten policy , you will then need to take a free insurance exam in your home or place of your choice . 5 -RRB- Wait for approval . Hopefully , you will be working with an agency that lets you know if you can help in other ways -LRB- e.g. call your doctor 's office to ask them to provide your medical records more quickly , clarify something on your application , etc -RRB- . That extra bit of customer service can be the difference between approval and decline . 6 -RRB- Pay for your policy and treasure it for years to come .


Input: How To By Life Insurance?

Output: Im going to answer your question this way : Im going to describe for you the kind of person who buys life insurance and is really glad they did . They are happy with the policy they bought ; they are happy with the process they went through to get that policy ; and they are happy to tell all their friends and neighbors about how happy they are with the purchase :-RRB- . These are the qualities of a happy life insurance shopper : Quality number one : the happy life insurance shopper dares to care . Look , life insurance is not for you , right ? Its for your beneficiaries . And frankly , some people could care less about what happens after they die . I mean , to put it bluntly , they are dead , right ? Isnt that what it comes down to ? But for other people , the difference between being alive and being dead is not that great . I mean , you have spent a lifetime building something of value . Your marriage . Your family . Your business . Charitable causes worthy of your support . All these folks have become dependent on you . If you die , they could lose their economic foundation . But if you have insurance on your life , then they dont have to miss a dime . Life can go on in style for your spouse , your children , your business partners , your employees , and all the needy people that are being helped by the charities you support . If you care about these people , then life insurance can make sure life goes on for them , even when your life does not go on for you . Quality number two : the happy life insurance shopper understands that the time to buy is now . Everyone knows we all die sometime . For most of us , though , death is something that happens to someone else - until it strikes home . Maybe someone close to us gets really sick , or we ourselves have a brush with death that wakes us up . But up to that point , we just dont want to think about it . We also convince ourselves that if we stay in shape , eat right , manage our stress , and maintain a good attitude , we can forestall the inevitable . The fact of the matter is that if we really thought about it , there are a whole slew of hazards that are entirely beyond our control . Heres a few that come to mind : Freak household accidents . Violent crime . Natural disasters . Car crashes . Of course we all say that odds are against any of these happening to us . We even say to ourselves that we can afford to wait and buy a policy next year or the year after , so we can qualify for a better rate . But in the meantime , things can happen . And they do . All the time . Unexpectedly . If your time comes before you have a policy in force , then your beneficiaries lose out . You really cant afford to die until that coverage is in place . Quality number three : the happy life insurance shopper wants a guaranteed return on his or her money . OK . Now you know you need to get coverage in force as soon as possible because you never know when your time will come . The next logical question is : for how long do you keep the coverage in force ? Easy answer : for as long as you live . You know at some point you will have your last day on this earth , so that means you know for sure your beneficiary will get their money when your time comes ... ... as long as the policy is still in force . That means you need permanent coverage . The policy should last as long as you do . Doesnt permanent coverage cost more then term coverage ? Yes . Isnt term good for short-term needs ? Yes . Can you buy term and then purchase permanent when you can afford it ? Yes . Does it make sense to buy term now and then convert to a permanent product ? Yes . The thing is , if you dont take a long-term strategy , then you wont be guaranteed a payout . If you do take a long-term strategy , then you will . Guaranteed by a top-flight financial institution . Quality number four : the happy life insurance shopper knows what hes getting into . When you buy a house , do you expect to write a check for the purchase price agreed on ? Of course you do . Same when you buy a business , book a cruise , and buy a pair of shoes . We even demand that a grocery store clerk honors the price on the shelf if an item has been mislabeled . Life insurance should operate the same way . Hard to believe , isnt it ? All too often , a broker will submit an application on the hope and prayer that the applicant will be approved at the rate quoted . We wont know what the price really will be until you are approved . Yes , right , but if you go through full disclosure on a preliminary basis , you can become confident in what that price will be . The broker has to prequalify you and present carriers with thorough and accurate quote information upfront . They can then commit to a price , contingent upon information obtained in underwriting not contradicting the preliminary disclosures . You can then be sure of what you are buying . If you dont get prequalified , then you cant be sure . Simple as that . Quality number five : the happy life insurance shopper wants to be heard . There are a few companies out there who let consumers call them and buy policies . Thats nice for a tiny percentage of the zillions of men and women who need coverage . The rest of us need personalized service and a guide to walk us through the vast marketplace of potential carriers . Only one or two of them will be the best for us , and that broker has to lead the way to their doorstep . But life insurance distribution can be pretty rigid . The broker usually does not have direct access to the carriers . He or she must work through carrier general agencies who act as wholesalers of their products . So there is you , your broker , his or her general agent , and their carrier . I am sure you have played that telephone game where one person in the line passes down a message , and by the time it reaches the end , its completely different . Its the brokers job to make sure all information about you that is passed along the underwriting channels remains consistent and is fairly assessed . He or she is your advocate , and must be prepared to carry your cause over any and all hurdles that pop up in underwriting . And they do pop up . All the time . If you have been properly prequalified for coverage , then the bottom line is this : you should be approved at the rate quoted unless information arises in underwriting that is substantially different from the information that was disclosed on a preliminary basis . Your broker is your advocate to make sure that happens . In my humble opinion , this is how you buy life insurance . If you follow this path , you will be one happy camper :-RRB-


Input: Will Medicare Cover Life Alert?

Output: Medicare does not cover medical alert systems , even if you have a doctor 's note / prescription . Most insurance companies wo n't cover them either . Some states may have their own programs that will help provide financial assistance for medical alert systems - certain criteria may be required to be met before the financial assistance can be provided however .


Input: How Long Can You Drive A New Car Without Insurance?

Output: By law , you can not drive any vehicle , new or old without first having insurance . If you have current insurance on a vehicle and purchase a new car , then you are covered for a very short period of time , which you need to call your company with the new vehicle information . I would recommend calling your company the same day if not within 24 hours . This keeps it clean if you were to get into an accident there would be no question on coverage you have or do n't have .


Input: Can You Deduct Long Term Care Insurance Premiums On Taxes?

Output: There are rules by state for limited tax deductions and credits . Two long term care insurance companies have an excellent digest for each state and the rules of engagement . John Hancock and Genworth both leading long term care insurance companies , publish an in-depth look at the tax issues of long term care insurance . We distribute the John Hancock version .


Input: How Do You Succeed In Life Insurance Sales?

Output: While most of my career has been in online sales , Outlook Life has opened several storefronts , as well . I have found more success in online sales , but that may be because it suits my personality better . Most people make far better salespeople when meeting with their clients face to face . If you are considering online sales , here is an article I wrote about how to succeed in life insurance sales when operating from the internet . WEBSITELINK I will let the other outstanding agents on this website who run brick and mortar offices answer the question from that perspective .


Input: Who Offers The Best Term Life Insurance?

Output: You can get good Term life insurance from many companies . The things to watch out for is to make sure the premium is guaranteed not to go up for the entire term , that it pays 100 % from day one for death by any reason -LRB- except suicide in the first two years -RRB- , that it has the possibility to be converted in the future , and that the company is highly rated .


Input: Who Offers The Best Term Life Insurance?

Output: There 's no one company that offers the `` best '' term life insurance . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . This is because people may qualify for different risk classes , they may be looking to secure a different amount of coverage , keep the coverage for a different length of time , or may live in a different state -LRB- not every product from every carrier is available in every state -RRB- . All of these factors go into the calculation of rates . You 'll want to consult with an independent life insurance agent/broker who can compare multiple companies to see who will offer you the lowest rates for what program you 're looking to set up .


Input: Who Offers The Best Term Life Insurance?

Output: The company with the best term life policy is the one that covers you on the day you die . Regardless of what you have paid it will probably represent a fraction of the death benefit paid by the company . The trick is to have the term policy in force on the day that you die . The number of policies that terminate prior to death is staggering and shows that many people wanted to care of those that they loved ; however , they were unable to make it work .


Input: Who Offers The Best Term Life Insurance?

Output: There are many companies that offer good policies , to direct you to the one that best suits your need , I 'd need some more information - How much coverage would you like , for how long a term , and what 's your age , for starters . All insurance companies would need that much information to at least give you a quote.If you would like to contact me , I 'd be happy to give you some more details . Hope that helps !


Input: Who Offers The Best Term Life Insurance?

Output: I DO ! ;-RRB- but the catch is you have to live in my state to buy it . There are many good term life companies and best for you may be different than someone else . Why ? Term companies target certain demographics with their underwriting and become very competitive for some people . What means is a company that offers you the best price for 250,000 in coverage , may be third at 500,000 and eight at one million . So it is very hard to state a specific company as you need to provide age , sex , health , smoking not smoking and face amount to find out . And if any of those things change , so does the answer .


Input: Who Offers The Best Term Life Insurance?

Output: Term life insurance is priced on the basis of your sex , health condition and smoking history . The non smoking , non rated health category for term life insurance alone has five underwriting sub categories : Superpreferred , preferred plus , preferred , standard plus and standard . The price difference between the first and fifth category could besignificantand even more so by company . So we spreadsheet term life insurance by the best price in each health category to determine the best deal for the consumer .


Input: Who Offers The Best Term Life Insurance?

Output: It is important to choose at least an A rated company and work with aknowledgeableadvisor to help you sort through the options . Price is a major concern , but price will be dictated by health issues , family history , motor vehicle report , etc. . Life insurance is not a one-size-fits-all product and the `` best '' company will be different for each individual .


Input: Does Medicare Part A Pay For Outpatient Surgery?

Output: Outpatient Surgery is covered under Medicare Part B. Part A covers Hospital stays . Part B covers outpatient costs such as outpatient surgery , doctor visits , outpatient lab and xrays . Under Part B you are responsible for 20 % of the Medicare approved amount . Some states allow a doctor to charge up to 15 % more than the Medicare approved amount that would also be your responsibility .


Input: Does Medicare Part A Pay For Outpatient Surgery?

Output: Medicare Part A is designed for inpatient hospital treatment only . Even though some outpatient surgery may be performed in a hospital setting , or hospital affiliated clinic , outpatient surgery is a covered item under Medicare Part B. Medicare part B has an annual deductible . In 2013 the Part B deductible is $ 147 . After you have satisfied your deductible Medicare pays 80 % of the approved amount and you are responsible for the remaining 20 % . If you use a provider that does not accept assignment , excess charges may apply . Some -LRB- but not all -RRB- Medicare supplement plans cover excess charges .


Input: Does Medicare Part A Pay For Outpatient Surgery?

Output: Outpatient surgery would be covered under Medicare Part B. Part A covers inpatient hospital stays and procedures . Please note , Part A & Part B only cover 80 % of the costs after the deductibles -LRB- Part A - $ 1,216 in 2014 ; Part B - $ 147 in 2014 -RRB- . You can purchase a Medigap plan to cover the deductibles and the other 20 % of your medical care . Please feel free to contact me with any other questions . Thanks very much .


Input: Can I Go On Medicare At Age 62?

Output: You can only go on Medicare at age 62 if : 1 -RRB- you have been receiving Social Security Disability Income -LRB- SSDI -RRB- benefits for two years , or 2 -RRB- if you have been diagnosed with End Stage Renal Disease -LRB- ESRD -RRB- and meet the other qualifying criteria , or 3 -RRB- you have been diagnosed with Amyotrophic Lateral Sclerosis -LRB- ALS -RRB- . Otherwise , you must wait until you are age 65 to go on Medicare .


Input: Which Medicare Is Free?

Output: In terms of Original Medicare , most people who are citizens or permanent residents of the United States can get premium free Medicare Part A -LRB- hospital insurance -RRB- at age 65 or older . At age 65 , you are eligible if : You receive or are eligible for Social Security benefits . You receive or are eligible to receive railroad retirement benefits . You or your spouse -LRB- living or deceased , including divorced spouses -RRB- worked long enough in a government job and paid Medicare taxes . You are the dependent parent of a fully insured deceased child . Before age 65 , you are eligible for free Medicare Part A -LRB- hospital insurance -RRB- if : Youve been entitled to receive Social Security disability benefits for 24 months . You receive a disability pension from the railroad retirement board and meet certain conditions . If you receive Social Security disability benefits because you have Lou Gehrigs disease . You worked long enough in a government job and paid Medicare taxes and you meet Social Security disability program requirements . You are the child or widow -LRB- er -RRB- age 50 or older . This includes a divorced widow -LRB- er -RRB- , of someone who has worked long enough in a government job where Medicare taxes were paid and you meet the Social Security disability program requirements . You receive maintenance dialysis or a kidney transplant because you have permanent kidney failure . You are eligible for or you already receive monthly benefits under Social Security or the railroad retirement system . You have met the required amount of time working in a Medicare covered government job . You are the child or spouse -LRB- also includes a divorced spouse -RRB- of a worker -LRB- living or deceased -RRB- who has worked long enough under Social Security or in a government -LRB- Medicare-covered -RRB- job .


Input: Can I Get Car Insurance Without Owning A Car?

Output: Talk to your Insurance Professional about your particular situation . It may be possible to obtain want is referred to as a `` named non-owner '' policy . These typoes of policies would provide Liability coverage for you in the event that you are driving a car you do n't own and cause an accident . These policies , however , do not typically provide any physical damage coverage -LRB- Comprehensive or Collision -RRB- for the car you are driving .


Input: Can I Get Car Insurance Without Owning A Car?

Output: YES , and if you regularly drive autos owned by others , including rental vehicles , you should purchase an auto policy . Since there wo n't be any need for physical damage coverage , your premiums should be extremely low . There are two important coverages provided by your own policy : 3rd party liability and uninsured/under-insured motorist coverage . Most of the time , the policy purchased by the owner of the auto you 've borrowed will be primary , but the owner may have selected the minimum amounts of coverage . It 's very possible for circumstances to result in losses that far exceed such minimal limits in which case having your own policy in place can save you from financial ruin . Having your own policy also protects you against the risk of inadvertently driving an auto on which the owner has allowed insurance to lapse ; in the event of an accident , you as the driver will be solely responsible for any damages and medical expenses that result - both to 3rd parties and to the owner of the car you were driving .


Input: Will Renters Insurance Cover Stolen Bike?

Output: A stolen bike is covered under a renter 's insurance policy . Theft of personal property is generally covered subject to the limits of your policy . There could be some exceptions so it is always a good idea to ask your agent about the specific theft and what coverage you have in force .


Input: What Does Disability Insurance Do For You?

Output: Disability insurance , also referred to as paycheck protection , pays a monthly benefit to the insured should he or she become disabled to an illness or injury . The monthly benefit is typically 60-65 % of one 's income . The average US worker only has 3 months worth of cash reserves , so disability insurance would help offset the costs brought on by a long-term disability .


Input: What Does Disability Insurance Do For You?

Output: Disability insurance is paycheck protection during times of prolonged illness or injury when you ca n't work . The benenfits of dsiability insurance can generate up to 60 % of your income tax free or 80 % of your income taxable , if your can legally deduct it as a business expense item .


Input: How Much Life Insurance Is Adequate?

Output: This varies for each person . A lot of variables go into the calculation of determining how much life insurance you need , how long you need it , and what is an appropriate amount to actually secure . A life insurance calculator can help with this . A few things to get you started when calculating out what you need and how long you need it for are : 1 -RRB- Do you have a mortgage ? If so , how much is left on it and how many more years do you have to go until it 's paid off ? 2 -RRB- Any final expenses you want paid off -LRB- e.g. burial expenses , credit card debt , medical bills -RRB- ? 3 -RRB- Education expenses for you or a family member you want to pay off -LRB- such as college tuition -RRB- 4 -RRB- Income replacement - this is a big one ! A question to think about here is how much income would be needed if you died today and how long would your family need it to maintain their current lifestyle . An insurance agent/broker can help you with this and make it a much smoother , easier process . One thing to also note , a lot of people think `` once i 'm retired , I wo n't need life insurance anymore so I can just buy term insurance and let it go when I retire '' - there are many many many reasons why you should have life insurance during your retirement years . For example , if you 're receiving a retirement pension and you die , the pension income may stop and not continue onto your spouse -LRB- if you chose the pension max option over the survivorship option when you started receiving benefits -RRB- - this can also apply to social security income . That 's just one scenario .


Input: What Are The Benefits Of Part B Medicare?

Output: Medicare Part B covers most of your outpatient care . Medicare Part B requires you to satisfy an annual deductible -LRB- $ 147 in 2013 -RRB- before Medicare pays for your outpatient claims . Once the deductible is satisfied , Medicare pays 80 % of the approved amount and you pay the remaining 20 % . There is no upper cap on your OOP under your 20 % share .


Input: How Much Is Health Insurance For A Nurse?

Output: If you are buying health insurance as an individual your occupation as a nurse does not impact your premium costs directly . The factors affecting premiums will be your choice of plan -LRB- platinum , gold , silver , bronze , or catastrophic -RRB- , your age , where you live , and your income . There may be premium and cost sharing subsidies based upon income -LRB- 100 to 400 % of the federal poverty level qualify for subsidies -RRB- . If you are purchasing coverage through your employer , the premium cost is mostly determined by the level of employer contribution .


Input: Can Someone In Jail Get Life Insurance?

Output: Nearly all life insurance policies are NOT available to persons in jail , because nearly all policies ask about recent crimes or probation . However , technically , guaranteed issue life insurance policies should be able to be obtained by inmates who fit the age guideline , are applying for an amount that is financially justifiable , and who have enough income or assets to pay premiums . I called Colonial Penn to ask about their guaranteed acceptance life insurance and the representative said that someone in jail could get it if he/she met the guidelines .


Input: Can An Ex-Spouse Stay On Health Insurance?

Output: Yes as long as the insured who is still working and getting coverage from his/her job does not put in a request to make any changes . The insurance company would not know about the spouse becoming an ex unless someone files paperwork to say that . Sometimes the working spouse will allow the other spouse to stay on the policy because -LRB- 1 -RRB- the court requires it or -LRB- 2 -RRB- that spouse still has the children living with them and it makes more sense for the family to keep their insurance intact .


Input: Can An Ex-Spouse Stay On Health Insurance?

Output: The answer is yes , provided that your divorce decree stipulates so . Normally , you can not keep your ex spouse on your health insurance as they 're no longer a dependent . However , I 've seen judges award it for a specified amount of time . If your divorce is amicable and you want to do that , propose it in your divorce settlement . As long as a judge orders it , the health insurance company should have no problem with it . Be prepared to forward a copy of the court order to the company . Now , this applies to the way things have always been done with health insurance . With the Affordable Care Act , things may change . I have n't seen it come up yet , so I guess we 'll have to wait to find out .


Input: Do I Need Health Insurance In Addition To Medicare?

Output: Just a point of clarification to the + Larry Gilmore response ... Medicare Advantage plans replace original Medicare . A Medicare Advantage plan does not `` fill the gaps in Medicare '' . When you enroll in a Medicare Advantage plan you are no longer in original Medicare so any `` gaps '' in coverage are paid by you , the Advantage policyholder . Medicare Advantage plans have many moving parts including deductibles , copay 's and coinsurance . A large claim or numerous medical expenses will almost always result in much more out of pocket expenses under an Advantage plan than you will experience with original Medicare and a Medicare supplement -LRB- Medigap -RRB- plan .


Input: Do I Need Health Insurance In Addition To Medicare?

Output: That will depend on your needs . Medicare supplements and Medicare Advantage exist to fill the gaps in Medicare coverage . Medicare does not cover everything and the holes where it does n't can be very expensive to the insured . So for greater coverage you can review Medicare Supplements and Advantage plans and see which one would best suit your needs . There are several choices in levels of coverage to choose from . Perhaps the most basic difference between Medicare supplements and Advantage plans is choice of where to go . With a Medicare Supplement , the insured can choose whom to see , change their minds , see somebody else and not be hampered . Advantage plans pretty much will lock the insured in with a medical group until the next open enrollment period . The insured must go through that group for care . The coverage is based on using their care system . Emergencies would be the only exception .


Input: What Is A Deductible For Homeowners Insurance?

Output: The amounts listed on the property sections of a homeowners policy -LRB- A&B -RRB- are subject to a deductible . If there is a property loss the claim will be adjusted and paid based upon the value of the lost property minus the deductible . Another way to say this is that you are responsible for the deductible before the company will pay a claim . Deductibles reduce the cost of insurance by reducing the frequency of claims .


Input: What Kind Of Coverage Do I Need For Homeowners Insurance?

Output: You need all-risk protection . While these policies have a list of exclusions they provide the broadest possible definition for risk and cover most eventualities . This is probably the coverage that your mortgage company will require . There are crucial exclusions such as flood and earthquake . This coverage can be included for an additional premium . Your lender may require that these coverages be added . There are a couple of other options such as replacement cost coverage on contents and water back-up that merit consideration as well .


Input: Can You Drive A Car Off The Lot Without Insurance?

Output: Oh yes , you most definitely drive the car off the lot . But , what if ... . What if there is an accident ? Even a small scratch on your or other car may result in $ 1,000 s of repair cost . While most of the carriers do n't charge cancellation fees , I suggest you get the coverage for the car before leaving the lot . Just make sure you 've chosen the carrier without the midterm cancellation fees .


Input: Can You Drive A Car Off The Lot Without Insurance?

Output: That 's solely up to the dealership and your lending institution if you have the vehicle financed . I do n't believe that there are any dealerships out there that would be willing to take the risk of a vehicle being damaged or people being hurt by an uninsured motorist out for a test drive .


Input: Can You Drive A Car Off The Lot Without Insurance?

Output: Great question ! Legally , the answer is no . And you really do n't want to , as the penalties for doing so are not worth the trouble . The best thing to do , once you 've decided on the car you want , is to call your agent , and give them the information on the car you are wanting to buy . Have them fax or e-mail the amended or newly issued proof of insurance to the dealership , and drive your car home safely , and legally . Some dealerships will also have an agent on premise , but their policies are probably going to be much more expensive than tour agent would be . Thanks for asking !


Input: Can You Drive A Car Off The Lot Without Insurance?

Output: There are two agencies that would not want you to drive an uninsured car off the lot . The first is your state department of motor vehicles . That is against the law in most places . The second is the finance company that is loaning you the money for the car . Their security is bound up in the car and they will not allow you to jeopardize their security .


Input: How Are Life Insurance Benefits Paid?

Output: Life insurance benefits are normally paid in a lump sum , in regular payments over a number of years , or both -LRB- a lump sum with the remainder made in payments over time -RRB- . When the policy proceeds are not taken all at once , there is interest paid to the beneficiary on the money they have not yet received .


Input: What Is Individual Flexible Premium Variable Life Insurance?

Output: That is a great question ! There are a couple of types of life insurance , each with certain functions , guarantees , and returns . The term policies are short lived , have a determined end date , and are very simple policies , with few frills . Whole life policies are a little more complex , but have sure guarantees of the payout , and cost of premiums . They are set , and guaranteed . Then there are the variable life policies . These are another type of animal altogether . They were designed to give the insurance consumer an option that was more like stocks or mutual funds in their ability to generate returns . The premiums are said to be `` flexible '' , because you can overpay , pay the suggested premium , pay less than the suggested , or skip altogether one month . The catch is that this type of policy works off of the cash you put into it , and the ability of your investment choices to generate a positive return . Since there are typically very few -LRB- if any -RRB- guarantees , the risk of the performance is yours , not the insurers . This policy can cost you money , and go belly up , if you are not a wise investor , and able to make larger premium payments when needed.I will be honest - I like my clients to keep their money , and add to what they have in a safe and secure way . I do not recommend these policies to my clients . I hope that helps , if you would like more details , please feel free to contact me . Thanks for asking !


Input: Does Home Owners Insurance Cover Lost Luggage?

Output: A percentage of the personal property covered in a homeowners policy extends to personal property that is away from the premises . Suitcases are often used away from the premises . If they are lost or stolen they would be a potential claim . Please remember the deductible as that might exceed the value of the luggage .


Input: Does Home Owners Insurance Cover Lost Luggage?

Output: Luggage is personal property so if stolen there would be coverage minus your deductible . There may also be potential coverage under mysterious disappearance . As to the limits of coverage , this would be determined by what was actually in the luggage . Consult your policy and local agent to discuss the exact nature of your loss and coverage .


Input: Can You Get Renters Insurance Online?

Output: So companies have an online purchase but in my experience I have always found that my customers have always preferred an Personal Agent verses a random agent in a call center . You can fill out an online request for a quote at WEBSITELINK and email or fax for a quote


Input: Can You Get Renters Insurance Online?

Output: I have never done this but I am confident that there are companies who write renters insurance on line . If you chose this route you lose the opportunity to discuss the matter with a competent insurance agent . This agent will listen to you , offer sound financial advice and communicate clearly with both you and the insurance company . Selecting limits is very important and professional advice is certainly helpful .


Input: Is Life Insurance Money Considered Income?

Output: There are afew answers to your question . If you are speaking of being the beneficiary of death proceeds then the answer is no , those are tax free . If you are the beneficiary of life proceeds through an estate , then yes , those are subject to estate taxes . If you are speaking of borrowing from a cash value life insurance policy , then no , thoseare considered a loan and not subject to income taxes . If you are cashing out a cash value life insurance policy , then yes , the proceeds over premiums paid are subject to income tax .


Input: Is Life Insurance Money Considered Income?

Output: Life insurance death benefit proceeds received by a beneficiary in most cases are income tax-free . This is a key feature of life insurance . Exceptions include business-owned life insurance issued , or materially modified , after August 17 , 2006 which may be taxable unless specific steps are taken during time of application and annually thereafter . Life insurance contracts with three parties involved may also have unexpected taxable implications . Ask a life insurance professional if these might apply . If the policy-owner accesses cash values via withdrawals of some of the cash value -LRB- after policy year 15 -RRB- , the amounts are income tax-free return of basis -LRB- premiums paid -RRB- in the contract . After that , the gain would be income taxable . Special tax rules exist for distributions in the first 15 policy years . If the policy-owner accesses cash values by taking a policy loan , the amounts would be income tax-free . As long as the policy is not lapsed prior to the net death benefit being paid , the policy loans are never taxed . If there is a large loan and the policy is allowed to lapse , income tax would be due that year on all of the gain in the contract . In the event of a full surrender of the policy for its cash value , there would be income tax to the extent of gain in the contract .


Input: Is Life Insurance Money Considered Income?

Output: In most cases the proceeds of life insurance are tax free to the beneficiary . Therefore , it is not considered taxable income . If you are unclear about your particular situation , I would contact an estate planning attorney in the state in which you live to discuss your individual situation . Hope this helps !


Input: Is Life Insurance Money Considered Income?

Output: Life insurance proceeds are income tax-free , however , the monies can be included in the calculation of the estate for tax purposes if the policy was not structured properly . When structuring a policy , a good rule of thumb is to make sure you do not violate the `` goodman triangle . '' In short , you want to have two of the three parts of the structure being the same entity -LRB- e.g. owner and insured are the same and beneficiary is different or owner and beneficiary are the same and the insured is different -RRB- . I highly recommend consulting with an independent life insurance broker who has a strong background in estate planning - life insurance can be used in a number of ways including serving both personal and business needs .


Input: Does Ulcerative Colitis Affect Life Insurance?

Output: When applying for life insurance with a history of ulcerative colitis , the underwriting process will look at factors which include ; age when diagnosed , extent of disease , frequency of attacks , date of most recent exacerbation , treatment and period since last treatment . Mild , well controlled cases with some reasonable period of recovery will frequently be assessed at standard rates . Ratings or declination will apply to a more extensive condition with unfavorable factors and frequentattacks . Work with an experienced life insurance professional who can shop to find the best offer for your specific history as outcomes will vary considerably by insurer .


Input: Does Ulcerative Colitis Affect Life Insurance?

Output: Ulcerative colitis can impact the price you pay for a life insurance policy . Like most conditions , it will be considered when your policy is underwritten . A `` preferred '' ratetypicallymeans there were no existing or major conditions present . The premium may be `` rated '' if there are other factors or conditions that increase the risk to the insurer .


Input: Does Ulcerative Colitis Affect Life Insurance?

Output: Yes , having ulcerative colitis will probably affect your life insurance rates , or possibly even affect the type of life insurance policy that you can get . Mild ulcerative colitis that has been stable without any flare ups for a number of years may not need a table rating , whereas ulcerative colitis that has had exacerbations in recent years would tack on an extra rating . If the condition was not controlled at all , the applicant might need to go with simplified or guaranteed issue life insurance . However , there is life insurance available for the vast majority of ulcerative colitis and Crohn 's Disease sufferers .


Input: What Affects Life Insurance Rates?

Output: If your question is what affects the stability of life insurance rates , the answer is , not very much . Life insurance rates are based on multiple millions of lives and death rates are predictable . A dramatic change in the financial markets could affect life insurance rates if the companies can not earn the necessary returns to maintain their promises . A dramatic epidemic could affect rates . Recently rates were affected by regulation . These changes are generally small .


Input: What Affects Life Insurance Rates?

Output: 10 things that affect life insurance rates are : 1 -RRB- Age 2 -RRB- Gender 3 -RRB- Tobacco use 4 -RRB- Build 5 -RRB- Health 6 -RRB- Dangerous hobbies 7 -RRB- Being a pilot 8 -RRB- Type of policy chosen 9 -RRB- The company through which the policy is purchased 10 -RRB- Rates in the industry at that time As a rule , the older the age the policy insures you to , the higher the rates .


Input: What Is An Irs Qualifying Event For Health Insurance?

Output: There are many IRS qualifying events that allow you to apply for health insurance after Open Enrollment has expired . You will be eligible for federal subsidies and pre-existing conditions will be covered under this `` special '' enrollment period -LRB- SEP -RRB- . As a health insurance broker with more than 33 years of experience , this topic is very routinely discussed with consumers on a regular basis . Some of the most common `` events '' include : 1 . Exceptional circumstances -LRB- such as natural disasters and medical emergencies -RRB- near the deadline 2 . Getting married -LRB- legally -RRB- 3 . COBRA expiration 4 . Moving to a new location outside the provider network 5 . Birth or adoption 6 . Citizenship change 7 . Losing existing health benefits 8 . Turning age 26 and/or no longer covered on parents policy 9 . Misinformation , misrepresentation , or inaction on the part of entities providing formal enrollment assistance 10 . Enrollment errors due to technical issues 11 . System errors related to immigration status 12 . Display errors on marketplace websites 13 . Getting released from jail 14 . Misinformation about availability of premium tax credits for victims of domestic abuse who are married but not filing a joint tax return


Input: What Is An Irs Qualifying Event For Health Insurance?

Output: You can only apply for health insurance outside of the annual enrollment period if you qualify for a special enrollment period -LRB- SEP -RRB- . This goes for health plans both on and off the health insurance exchanges . To qualify for a special enrollment period , you must have a `` life-changing event . `` Qualifying events include : 1 -RRB- Getting married 2 -RRB- Having a child 3 -RRB- Adopting a child 4 -RRB- Fostering a child 5 -RRB- Moving out of your current coverage 's service area 6 -RRB- Losing your existing health insurance under certain conditions including : 7 -RRB- Loss of group coverage through your employer 8 -RRB- Your COBRA coverage expired 9 -RRB- You get divorced 10 -RRB- You come off your parent 's group coverage 11 -RRB- Your plan was terminated by the carrier 12 -RRB- You lose your Medicaid eligibility , CHIP eligibility , or similar situation 13 -RRB- Becoming a U.S. citizen 14 -RRB- Leaving incarceration 15 -RRB- Becoming a member of an indian tribe : those in a federally recognized tribe can apply for new coverage/make changes to their existing coverage once a month throughout the year Please note , voluntarily terminating your existing coverage or your coverage was terminated by the carrier because you did n't pay your premiums are NOT considered qualifying events for a special enrollment period . Please let me know if I can be of further assistance . Thanks very much .


Input: How Much Personal Property Coverage For Renters Insurance?

Output: -- > Normal 0 How much Renters Insurance should you buy ? Ideally enough to replace all the stuff you have that makes up your life . Clothes , furniture , dishes , jewelry , food , books , recreational toys , etc. . Your list will be unique to you . How much insurance you purchase is important but so isnt the type of coverage you purchase and the insurer you purchase the policy from . Basic renters policies will reimburse you for the Actual Cash Value of your damaged property . That means the value of used clothing , used furniture , an old computer . You , on the other hand , will most likely need to replace your damaged property with new items . The difference between new and old is often significant . Make sure whatever limit you buy includes Replacement Cost coverage . Under this type of coverage , you are entitled to claim the value of a new item should you actually replace it with one of similar kind and quality . Of course , the most the insurer will pay will be the limit you select . If you can afford it , that limit should be at least what you would have to spend to replace all those items you could not get along without . Most renters policies provide property coverage on a Named Peril basis . In other words , the policy will state the specific type of damage your property will be covered for . To be covered you have to prove to the insurer one of the covered perils caused the damage , a process not everyone is comfortable with . It is good to have someone on your side when this occurs . Often you cant find that person that sold you your coverage on the phone or over the Internet when you have a claim . Its nice to have a local person to seek assistance from . Watch out for limitations on specific types of property . Youll most likely find one for the theft of jewelry or silver , and jewelry often includes costume jewelry . Some of these limitations can be increased for a nominal premium or your can specifically insure unusual or expensive items . Personal liability coverage will also be provided . That limit should be not less than $ 100,000 and consistent with limits you might carry on your car insurance .


Input: How Much Personal Property Coverage For Renters Insurance?

Output: Renters Insurance is designed to cover all your personal property as long as it is listed . Be sure to write down and video each room , if available , to help identify your personal property . Be sure to look at current value vs. replacement value when considering Renters Insurance . Current value will only pay you what your TV is worth today not what it costs to replace it . I would recommend getting the replacement value type with Renters Insurance .


Input: Why Is Medicare An Entitlement?

Output: Medicare is not an entitlement . You , or your working spouse , paid into Medicare for most of your working lifetime . As long as you -LRB- or your spouse -RRB- had at least 40 quarters of Social Security creditable wages you are entitled to Medicare benefits . It is possible to qualify with fewer than 40 hours . You earned your right to Medicare . Do n't let anyone diminish that .


Input: Can Home Insurance Companies Deny Coverage?

Output: Yes , depending upon the circumstances and their rules and underwriting guidelines as they have fled them with your state 's Insurance Department . An application for coverage may be denied in some cases due to a poor loss history . Applications may also be denied if the property does not meet a company 's underwriting standards and is in poor repair .


Input: Can I Apply For Disability Insurance While Pregnant?

Output: Unfortunately , if you apply for Disability Insurance while you are pregnant , your pregnancy will be considered a pre-existing condition and you will not be able to qualify for coverage at that time . Once your baby is born you will be able to apply for Disability Insurance and obtain coverage .


Input: Do Insurance Companies Have To Pay Back Equity On A Lapsed Whole Life Insurance Policy?

Output: Until you notify them of your cancellation , unless stated in the application process , insurance companies will draw down the cash values to maintain the policy `` in force '' as long as possible . They can not decide to `` cash you out '' because you 've missed some premiums . If they did , they would basically be breaking the law . It is up to the insured to close out a policy and request any proceeds from such a choice . If the insured says nothing an insurance company has to treat the policy as in force drawing off of cash values to maintain coverage . Surprisingly a lot of people do decide to just let their policies `` run out '' . So unless you tell them , they do n't know .


Input: Do Insurance Companies Have To Pay Back Equity On A Lapsed Whole Life Insurance Policy?

Output: The only `` equity '' is the cash value , not the face amount . Since the policy is only 8 years old there is probably not much cash value however you do have options . If you do nothing the policy goes on extended term . This means the policy is in force for a period of time until the cash value is used up . You can take a reduced paid up option , but I doubt if you have enough cash value to make this worthwhile . You can cash surrender the policy for whatever the cash value is . . All of these options are spelled out in your policy .


Input: Do Insurance Companies Have To Pay Back Equity On A Lapsed Whole Life Insurance Policy?

Output: It may depend on how the policy was structured . Very often , the insurance company will use any cash value that has built up to keep the policy in force if the policy owner stops making premium payments until there are no funds left . If you initiated the policy cancellation -LRB- surrender -RRB- , you may be entitled to the cash value less surrender charges . It ca n't hurt to call the insurance company or your agent and ask .


Input: What Does Dave Ramsey Say About Auto Insurance?

Output: I love Dave Ramsey . I listen to him and have attended his financial peace university and let me tell you , great advise . I even have his book sitting on my desk as I type this . However I can not speak on behalf Dave Ramsey but if I recall correctly Dave would say do n't spend your money on a fancy car but instead build your wealth first . Dave 's saying is `` Live like no one else so later you can live like non one else '' . Also he would say carry high liability limits to protect your assets and the highest deductibles you can afford unless a higher deductible does not make a significant enough premium difference . I would recommend hisfinancialpeace series and book and then I would go ask Dave what he thinks about auto insurance .


Input: Who Has The Best Life Insurance?

Output: Who has the best life insurance ? Well , you may hate the answer but the best life insurance is the one that insures you for the best rate possible and does the most to meet your goals and plans . In other words there are a bunch of `` best '' companies depending on the person applying .


Input: Who Has The Best Life Insurance?

Output: There is no one company with the best life insurance for every person . Different policies are created to suit different needs and desires . E.g. Nonmed life insurance does not always have the best price , but is the best option for those who hate having their blood taken . Some policies are better for older persons , or persons with health conditions . Other policies wo n't even touch those type of cases . To find the best option for you , call a respected life insurance agent who can ask you the right questions to help you find your best choices .


Input: What To List On Renters Insurance?

Output: If you are asking about itemization -LRB- or scheduling -RRB- of personal property that is going to vary from carrier to carrier . Typically a renters policy will have a monetary cap for specific categories of property . If an item exceeds the normally provided coverage amount for a single item or if the sum of the items is more than the coverage limits , then you may wish to schedule these items for their valuation to ensure that your are properly covered . Contact a local agent and they can go through the coverages that they have to offer and provide you with the cost associated with them .


Input: How Do I Know If I Need Long Term Care Insurance?

Output: You may not know if you need long-term care insurance since there is no fail-safe way to predict the future . But since your lifespan is longer than your parent 's lifespan , and since there is a risk of paying a substantial amount of money n potential healthcare expenses in your later years , a long-term policy should always be considered . But in order to properly protect your assets that you have worked so hard for , purchasing coverage at the right time at the most affordable cost is critical . A full-time broker or financial planner -LRB- not a marketer , advertiser or media consultant -RRB- is without question your best resource to determine how to proceed . By being the most familiar with plans , you can reduce costs and get the best advice .


Input: How Do I Know If I Need Long Term Care Insurance?

Output: Most Americans will retire between age 65 and age 70 . Whats changing is longer life expectancy . So the odds are high that youll need some type assisted living or nursing home care . The average cost of medical bills and extended care is $ 250,000 over your retirement . To indemnify the potential risk some purchase standalone long term care policies , while others purchase life insurance and annuities with long term care riders . If you have morbidity risk in your family line , you may have higher need for care .


Input: Why Is Renters Insurance Needed?

Output: When you lease or rent anything , you generally bring personal items onto the premises . And although the landlord or property owner has insurance for the build or property , they generally dont cover personal items . Renters insurance is very affordable and you should have it when you lease a build , apartment , etc. .


Input: What Is Mobile Home Insurance?

Output: Mobile Home Insurance is the same concept as homeowner 's insurance for site-built homes ; however , the coverage is usually only provided by specialty companies for various reasons , which I will discuss infra . Mobile Home Insurance typically mirrors a homeowner 's policy in the fact that it has coverage for the dwelling , other structures , personal property , loss of use , personal/premises liability , and all the optional coverages such as identity theft , personal injury , etc. . Mobile Home insurance is usually only provided by specialty companies such as Foremost , American Modern , American Reliable , Aegis , etc. . Mobile homes present a unique loss exposure . Site-built homes are usually constructed much better than mobiles/manufactured homes , and site-built homes have a variety of fire-resistant materials used in them . Mobile homes , on the other hand , typically dry up fairly quickly ; and it is not unusual to see a small fire cause a total loss in a mobile over 15 years old , as the mobile has then become a tinderbox . Mobiles also can vary on the foundation , depending on local building codes . For instance , in California , mobiles are not subject to state building codes . So each county assessor 's office determines what qualifies as a `` permanent foundation . '' One county requires a full concrete perimeter foundation with earthquake retroffiting -LRB- i.e. bolting -RRB- , whereas another county will allow the homeowner to lay down a strip of gravel , stack some cinderblocks , and set the mobile on it . This inconsistency makes profitable underwriting somewhat challenging . It can be tricky purchasing mobile home insurance as many agents try to sell a depreciated value policy . Mobile homes are the one coverage that do not use `` replacement cost '' as determined by contractor labor plus materials to repair or replace . Replacement cost policies for mobile homes are based on the purchase price for a brand new mobile of like kind and quality plus transportation and installation . After 10 years of age or so , many mobile homeowners claim they would not want a new mobile anyway , they would go purchase a used one ; therefore , they do not buy replacement cost , they only buy depreciated value . While this can be a significant savings on your annual premium , the likelihood of a total loss is much higher in a mobile than in a site-built home ; and the danger is that you would only get paid $ 5,000 - $ 10,000 . Good luck purchasing one and transporting/installing it onto your property for that amount .


Input: Is Medicaid The Same As Medicare?

Output: No , Medicare is a health insurance program for those who have paid Social Security taxes for at least 10 years throughout their lives , or some others who qualify due to being disabled for 24 months , having end stage renal disease , being the spouse of a qualified individual , or a few other reasons . Medicaid is a health program for persons of very limited assets and income .


Input: Which Life Insurance Is Best In Arkansas?

Output: The best life insurance policy in Arkansas varies for each person . There are some companies that are better for families , while others are better for seniors . Some are better for people with poor health , while others only accept persons with good health . Some have limits on their face amounts of $ 50,000 or less , while others will issue over $ 10,000,000 , if you can qualify for it . Some carry only Term , while others offer a huge array of products . Therefore , it is important to talk to an agency that carries a number of options for Arkansas residents , and get their assistance in finding the best policy for you . It is surprising how quickly a good agent can narrow down what you need and the best , most reasonably priced company to purchase it from .


Input: How To Calculate The Present Value Of A Deferred Annuity?

Output: Great question . Twenty years ago that would have been a difficult question to answer , with the internet it 's easy . Search in Google for `` Present Value Calculator '' and you will find a variety of sites with free online calculators . You will be able to enter in the information you want to assume , like time frame and interest rate , and you will quickly have your answer . Good luck :-RRB-


Input: How Much Will Insurance Pay Me For My Car?

Output: If your car is considered totaled then a good indicator would go look at NADA > com or Kelly blue book online this would be a close estimate as to what they will give you now if you decided to keep the car you can do that also but you will get less cash for your car from the claim . Another way you can do this is make sure that you know the value of your auto you can call car dealerships and they can tell you what the car was worth prior to the accident . Insurance is to indemnify not to put you ahead . What you think your car is worth may not be as much as an adjuster thinks so be prepared and have a realistic value for your auto . Also if you had optional permanently attached equipment make sure that your policy had that listed or you may not get the value of that included . Hope this helps My best suggestion is to talk to you agent they should be able to help you with determining the value .


Input: Are Life Insurance Proceeds Protected From Creditors In New York?

Output: Life insurance proceeds are usually protected from creditors in New York if the beneficiary of the policy is a person or other entity besides the estate . If the beneficiary is the estate , then the life insurance proceeds are subject to probate and creditors will try to get the debt repaid at that time . However , creditors can not go after life insurance left to a beneficiary unless that beneficiary also shared in the debt .


Input: Are Life Insurance Proceeds Protected From Creditors In New York?

Output: While it appears simple on its face , the life insurance exemption from creditor claims can be very confusing . It is the opinion of some attorneys who specialize in life insurance law that the only way to truly protect life insurance proceeds from creditors of the insured is to have the policy owned by an irrevocable life insurance trust -LRB- ILIT -RRB- . Similarly , the only way to protect the proceeds form the creditors of the beneficiary is to have the proceeds paid into a discretionary spendthrift trust instead of directly to the beneficiary . Obviously these are issues that should be discussed with a qualified estate planning attorney . If you do n't know one , chances are that your life insurance agent will be able to refer you to one . This type of advanced planning may not be justified in ordinary circumstances . However if there is a good possibility that there could be claims by creditors of either the insured or the beneficiary , then the use of appropriate trusts should be considered .


Input: How Much Is Home And Contents Insurance On Average?

Output: Home and contents insurance , on average , is approximately $ 200 - $ 1000 per year , depending on how much coverage you have . For example , a home with the dwelling insured for $ 90,000 will cost far less than a home with the dwelling insured for $ 500,000 . There are many other underwriting variables that also must be considered .


Input: Does Your Health Insurance Cover You Out Of The Country?

Output: The answer to your question can vary from health insurance carrier to health insurance carrier and may also be a function of whether you are covered under a self-insured plan with an employer who has made specific provisions for coverage outside of the USA . To the surprise -LRB- sometimes very unfortunate surprise -RRB- of many travelers , many health insurance plans do not provide coverage outside of the USA . You will really need to look at your certificate of coverage , check with your HR person or insurance agent to determine what your specific policy will do in such situations . I would start out with the conservative assumption that you would not be covered for a health care need outside of the USA and then you can only be pleasantly surprised . There are specialty health insurance policies for international health insurance coverage that can be purchased to provide protection to persons traveling or staying overseas for some period of time . If your domestic health insurance policy does not cover you outside of the USA or provides only limited coverage you may want to consider purchasing one of these specialty policies before going outside of the country .


Input: Why Would My Home Insurance Double In Price?

Output: This could be caused by many factors . The carrier may have experience an exceptional number claims within your geographic location and now are looking to make the premiums match more closely with the risk that have within that area . Your credit rating could influence you premium . If you have experience a large claim or more than one smaller claims within the last five years this could also be affecting your rate . There are just too many variables to say with certainty what would cause your rate to increase so dramatically . I would suggest calling your carrier directly to ask for an explanation or contact your local agent to inquire about the rate change .


Input: What Are Some Examples Of Disability Insurance Companies?

Output: There are many disability insurance companies available in the U.S. market . In the brokerage distribution channel Standard of Oregon , Principle , Met Life , Assurity , Illinois Mutual , Lloyd 's of London , Mutual of Omaha , Fidelity and Lloyds of London . In the career channel there is Mass Mutual and Guardian . There are others , but these are the players in disability insurance .


Input: How Much Does Insurance Cost For A Sports Car?

Output: The cost of insurance for a sports car will vary , depending on the type of car , who will be driving the vehicle , the state ofoccupancyand other factors . As you may have guessed , a sports car is typically more expensive to insure than a regular compact or SUV . Of course , a sports car is more fun to drive ! For specific rates and prices , as brokers , we provide the lowest available prices from top-rated carriers . It 's best that you contact an experienced broker or visit their website for specifics that pertain to your situation .


Input: Can My Health Insurance Company Cancel My Policy?

Output: Yes , but only under very specific circumstances generally involving some type of fraud by the applicant . An example that will probably become more prevalent since the latest implementation of the Affordable Care Act and the very substantial differences in insurance premium costs that can now exist from one side of a state line to another would be where an applicant claims residence in a state with lower health insurance costs when they actually live in another state where costs are higher .


Input: Can My Health Insurance Company Cancel My Policy?

Output: Yes , but only in certain situations such as you not paying your premiums -LRB- the policy would lapse -RRB- or if it 's discovered you intentionally lied on the application for the coverage -LRB- fraud -RRB- . A policy is a contract - you agree to pay a certain premium amount in exchange for coverage so when a situation occurs that is covered by the plan , the insurance company pays their portion of the claim up to the specified amounts in the policy and any remainder would be billed to you , if applicable .