Input: Do I Need Gap Insurance On A Used Car?

Output: Gap insurance is a coverage that is offered either on your auto policy or through the auto finance company as an option -LRB- or requirement -RRB- on your loan . Basically , what it does is provide you a clean slate if you total a car with a loan on it . Lets look at an example : Erica buys a 2009 Volkswagon Jetta from a used car shop for $ 14,000 . The used car value could be 12,500 depending on what form you use -LRB- blackbook value , NADA , Kelly Bluebook value , etc. -RRB- The form doesnt matter here other than answering the question of is this car worth less than the loan I have on it ? Erica is required to have other-than-collision coverage -LRB- often called comprehensive coverage , which is a misnomer -RRB- and collision coverage as a stipulation for the loan she is getting with the bank or finance company . That coverage states that it will repair her car for specific reasons in the policy OR pay her the actual cash value of the car if it costs less than the repairs it would take to make the car drivable . Often a state variation will come here saying a car can not be repaired if the expenses are 70 % or more of the value of the car - the insurance company needs to pay the policyholder the actual cash value of the car instead . If you look closely at your auto policy , you also have a coverage to protect yourself from liability caused by you damaging the property of others . This is often referred to as property damage liability or the third number in your limits -LRB- such as 100/300/100 limits -RRB- . It states that it will repair the damage caused by your actions that you are held responsible for OR pay the actual cash value of that item if less than the cost of repairs . This is important , so remember it . So what does this mean for Erica , knowing this information ? Lets say Erica has had her Volkswagon Jetta for 3 years and diligently made payments on her car without missing a payment date . The loan is now $ 9,000 after interest . The value of the car has depreciated down to $ 7600 because of the age , mileage , and usage of the car . Technically , Erica is paying $ 1400 more on the car than what it is worth -LRB- taking interest out of the equation to make it easier . -RRB- Lets say at this 3 year mark , Erica gets into an accident and the car is beyond repair . It doesnt matter if she causes the accident or if someone else was at fault , because both property damage -LRB- what the other party uses to fix Ericas car if they caused the accident -RRB- and collision coverage -LRB- the coverage used to fix Ericas car if she caused the accident -RRB- use actual cash value to determine how much repairs will be made and how much money they will pay Erica . Both coverages will give Erica $ 7600 for her car . However , since Erica has a lien on the car because she is financing it , that money actually goes to the FINANCE COMPANY and Erica wont see a penny of it . The finance company will apply that $ 7600 to her loan , meaning there is a $ 1400 balance left she is responsible for . The bank isnt a charity so they will still tell Erica she has to pay it because it is still in her contract and the bank lost $ 1400 on a car that no longer exists . Erica still has to pay $ 1400 on a car she doesnt even have , and still has to buy a new car . Thats a bad place to be in life , wouldnt you say ? Even worse , Erica might still have to make payments even if the accident wasnt her fault ! She gets all of the blame of the finance company but caused none of the problems ! If Erica had gap insurance , it would kick in at this point and relive Erica of the extra $ 1400 she would be responsible for . If Erica was ahead of her loan and the cash value of the car was more than the loan , she would get any money paid above the loan amount -LRB- thus satisfying her finance company as well -RRB- and the gap insurance would not take effect . Either way , Erica isnt paying money any more on her car that is non-functional . Here are some common stipulations found in gap insurance - check with your loan company to see if they apply to you : Gap insurance is there to pay for the loan on the car and THATS IT ! If you increase the loan to pay for any extras you are typically not going to get that part of the loan covered and will still have to pay . This includes things like the extended warranty , credit life insurance in case you die before the loan is paid off , and things like that . It might even say the gap insurance isnt paid for either and you will have to pay for that . Its definitely worth looking into . Gap insurance also says that it wont take effect if you are behind on your payments on a certain amount , pay more because the car is worth less from overuse or modifications , and wont cover intentional damage to the car . Basically , its not there to handle your loan if you are financially strapped and can not handle the payments anymore and want to get rid of the car . Another option in place of gap insurance is to get the repair/replacement coverage for your auto policy . This says that instead of getting the cash value of a car beyond repair , you get a replacement car instead -LRB- even if it costs more than the value of the car . -RRB- You would still have the loan but youd have a car as well . This coverage might not be available and it often is only available for cars less than 1-5 years old and only if you are the original owner . Talk to your agent to see if you qualify . Gap coverage is an excellent coverage to get , and is worth the investment . Used cars typically drop in value faster than the loan does from payments , and you dont want to be stuck paying on a car you dont even have anymore .


Input: Which Medicare Advantage Plan Is Best For Me?

Output: The only way to answer your question is to research what your options in your county are and determine what you consider to be best . Some people will consider the lowest premium to be best . Others will want the lowest exposure to large co-pays and deductibles . The RX coverage is important to other people . Work with a good local insurance broker to understand all your options .


Input: Does an insurance company have a duty to defend after the policy has been canceled?

Output: To properly answer this question I would need additional information . However , liability policies are written on either an occurrence basis or claims-made basis . If insurance was cancelled but was in force when the incident occurred , the company would be obligated to defend on an occurrence form . If the claim was filed after the policy was cancelled , the company issuing the claims-made policy would not be required to defend . However , in litigation plaintiffs seek relief from every insurance company remotely involved with the case .


Input: Does an insurance company have a duty to defend after the policy has been canceled?

Output: In a Business General Liability policy that was written on an occurrence form , if the incident in question occurred while the policy was still in force , the company on the policy would respond . If it were a claims made policy and you purchased a `` tail '' endorsement which would allow you to extend the period of time for making claims and the occurrence happened during the in force period of time of the policy and the claim was make after cancellation but prior to the end of the claims-made `` tail '' coverage period , the company would respond . If no extended period -LRB- tail -RRB- endorsement was purchased the claims made policy would not respond .


Input: Does an insurance company have a duty to defend after the policy has been canceled?

Output: The other respondents explain that two basic triggers exist within common liability coverage policies . It is important to realize that most personal insurance - auto , home , motorcycle , rv - are based upon the occurrence trigger in the insurance policy . An occurrence is an event including repeated exposures to the same condition , that cause loss covered by the policy . You 'll understand that if the loss `` occurs '' during the policy period , the loss is coverable and a duty to defend exists until such time as it is determined after further investigation that coverage is not provided by the policy . At that time the carrier would probably extend a `` reservation of rights '' letter to you to notify you that the investigation of the loss events are revealing to the carrier that the loss is not covered for some reason contained within the policy or due to the events that occurred . Nevertheless , if the loss `` occurs '' during the period the policy was effective , and barring exclusions and limitations , their is coverage in an occurrence policy . A `` claims made '' policy changes what triggers the benefits of the policy . In the case of claims made coverage , generally only written on business and professional liability exposures , the trigger is the event and when it occurred . What is different now is that the claims must be first made during the period of coverage or a subsequent policy . If a claim is permitted to be made on subsequent policies , the chain of coverage needs to be uninterrupted and the `` retroactive '' date for coverage to be set to a point before the actual date of the loss . Claims Made policies were designed to help eliminate the chance that years and years of coverage on an occurrence policy could not be stacked one upon the other to generate large amounts of coverage . In the case of claims made policies , only the current policy limit is exposed to loss and not a stack of limits from policies covering prior annual periods . One other point that is necessary to understand . Generally , there are limitations on how long after a policy is cancelled for a claim to be presented . Occurrence policies are much more accommodating here . On the other hand , claims made policies have a limited period of time after the policy ends for a claim to be made . This is referred to as extended discovery and extended discovery on otherwise unendorsed policies is only 60 days . That is , you only have sixty days to present a claim for coverage at the end of a claims made policy . Additional extended periods of discovery are available at additional cost but each carrier may have different periods of discovery available . This feature on a claims made policy provides the `` tail '' of coverage that an occurrence policy includes without additional charge . A `` tail '' is the time beyond the period of coverage where a claim may be first reported or appear on the books of the carrier . Liability type losses can have a long `` tail '' due to the nature of the coverage and potential loss . Property losses , on the other hand , generally have short `` tails '' where the loss is not known . The reserve that the carrier must maintain within its accounting for these losses is not as the IBNR -LRB- incurred but not reported -RRB- loss reserve . Over time the carrier reduces this reserve in recognition that the further past the end of a policy that they travel , the less likely a loss has occurred or will be reported . This should help you understand just how much must taken into account to answer your generalized question . I hope this helps answer your question .


Input: Why Is Health Insurance Necessary?

Output: Why is health insurance necessary ? Actually it 's not necessary , at least for another year . In 2014 changes will be coming . But as of today , health insurance is not necessary to have . You can self insure . The thing is if you self insure and have claims , you 're expected to pay them . So you would have to surrender assests to pay that bill . Insurance of ANY KIND is simply a form of liquid money to pay for things so that your other invested wealth can `` stay '' invested . So no insurance is never necessary , it just is a smart solution for some issues .


Input: Where Can I Compare Car Insurance Rates?

Output: You can compare car insurance rates through experienced brokers and/or their websites . Often , you can instantly -LRB- or within minutes -RRB- compare the lowest prices in your area from the top-rated insurers . When you utilize the help of a broker , there are no fees and typically , you are going to save time , money and aggravation . I have been a broker for more than 32 years and of course , maintain one of the premier auto insurance websites in the US . After helping thousands of consumers , of course , I could never guarantee that you will save 10 % , 40 % or any other amount . However , there is no question that consumers across the US do tend to get better pricing when they utilize services of a professional .


Input: Is Car Insurance Higher For Leased Cars?

Output: I just finished insuring a leased vehicle . I was startled to discover that the leasing company didnt care about their customer at all . They told the client to only take the legal minimums for liability insurance on a brand new Lincoln . Of course they insisted that the insured carry full comprehensive and collision coverage . They covered themselves but were willing to leave the client almost naked .


Input: Is Car Insurance Higher For Leased Cars?

Output: Insurance for a leased auto is no different then a auto you either have a loan on or is paid for . However in some cases the Leasing company may require you to carry higher limits of liability on your auto since the lessor is actually the owner of the vehicle .


Input: Is Car Insurance Higher For Leased Cars?

Output: Insurance companies do not set their premiums any differently for leased cars than they do for those that are owned outright or on which you have a lien -LRB- bank loan -RRB- . If you have been used to owning an older car with your state 's minimum Liability coverage , and decide you want to upgradeto a new one and lease it , you will find that you will more than likely pay more for insurance . That is because the leasing company will require that you carry a certain amount of liability insurance that is going to be higher than you have probably been used to having . You will also need to carry both Comprehensive and Collision coverage to protect the car from any physical damage as well . These increased coverages will undoubtedly cost you more in premium dollars .


Input: What Is Medicare Supplement Insurance?

Output: Medicare gap insurance , Medicare supplement insurance , Medigap ... all the same . Like Kleenex and tissue , the terms are interchangeable . Original Medicare only covers about 80 % of your hospital and outpatient charges . Seniors with a healthy bank account may not need or desire to purchase a Medigap -LRB- supplement -RRB- plan . While you may be healthy now , your health can change at any time . If you are hospitalized 3 times during a calendar year for unrelated medical conditions you will have to pay a deductible of $ 1184 -LRB- 2013 Medicare Part A deductible -RRB- for each admission . Medicare Part B outpatient charges can become expensive as well . After you have paid the calendar year Part B deductible of $ 147 -LRB- for 2013 -RRB- you are responsible for 20 % of the remaining charges not paid by Medicare . An $ 800 CAT scan can leave you owing several hundred dollars . Medigap plan F is the easiest to explain . It covers everything approved by Medicare Part A and Part B but not paid by Medicare . Plan F covers deductibles , copay 's , coinsurance . Plan F is the most popular , purchased by about half of those who buy Medicare supplement plans . Plan G -LRB- or in some states , D -RRB- is next followed by plan N .


Input: What Is Medicare Supplement Insurance?

Output: Medicare Supplement Insurance , also referred to as Medigap , are medical policies issued by private insurance companies that have benefits not covered through the standard Medicare plans . They are designed to fill in the gaps in Medicare at an additional cost to the insured . The insurance companies that offer these policies , and not all do , must have the policies approved by the state department of insurance . There is a standardized model for Medicare supplement policies , authorized by NAIC , that states they need to meet certain requirements as to participant eligibility and the benefits provided .


Input: What Is Medicare Supplement Insurance?

Output: A Medicare supplement is a private insurance policy that a participant can purchase to deal with the shortcomings in coverage with Medicare . The plans are the same but the pricing might be different . There is a selection of plans so that the participant can decide which level of protection is needed in light of the expense . The policies have a period of open enrollment each year . During open enrollment a participant can purchase a plan without medical evidence , or can change companies or types of policies . New Medicare participants can purchase a Medicare supplement in the first months following enrollment without providing medical evidence .


Input: Can You Have A Life Insurance Policy On An Ex Spouse?

Output: You can have a life insurance policy on an ex spouse if the death of your ex spouse would hurt you or your children financially . If that is the case , then your ex spouse needs to sign the application , and take the exam if one is required , so you will need to get his/her consent to take out policy on them .


Input: What Happens To My Health Insurance When I Turn 26?

Output: What happens to your health insurance when you turn 26 ? Well , if you are the primary insured as a policy holder or employee on a benefit plan , absolutely nothing happens . If you are a dependent on your parents coverage , you will now have to seek your own coverage in the marketplace . You are given an open window to move to your own plan .


Input: What Happens To My Health Insurance When I Turn 26?

Output: That will depend upon what type of health insurance you have and what your coverage status is . I will presume that you are a young person who has taken advantage of the changing age definition for dependent coverage under the Affordable Care Act -LRB- ObamaCare -RRB- that allows dependent children to stay on their parent 's health insurance until they turn 26 . In that case , once you turn 26 you are no longer eligible to be covered as a dependent under your parent 's policy . This means you will have to take out health insurance coverage if it is available through your place of employment , purchase your own individual health insurance policy , or enroll in a government based health plan such as Medicaid if you meet the low income requirements for such a program . If you are already enrolled in your employer 's group health insurance plan or have already obtained individual health insurance then the fact that you are turning 26 will have no impact on your eligibility for health insurance coverage under that policy .


Input: Is A SEP A Qualified Retirement Plan?

Output: Yes it is . A SEP A Qualified Retirement Plan meets the requirements qualify under Employee Retirement Income Security Act of 1974 -LRB- ERISA -RRB- . SEP tax deductible contributions can be up to 25 % of compensation not to exceed $ 51,000 for 2013 . There may be cost of living adjustments made to SEPs if the government continues its historical annual increase .


Input: How To Put Someone On Your Health Insurance?

Output: Your question did not make clear whether you were wanting to add a dependent to a group or an individual health insurance plan . However , if it is not the open enrollment period for your employer 's group plan or you missed the recent individual plan open enrollment period , then you and/or your dependent will have to have experienced a `` change of life status event '' to qualify for being added to your coverage . While there are more , the most common examples are marriage , divorce , child birth andloss of coverage under another group or individual health insurance plan.Also , as a general rule , you have a 60-day window after the qualifying event to enroll an eligible dependent onto your coverage . If you are wanting to add a dependent to your employment based coverage your HR person , office manager or the company 's insurance broker should be able to assist you with the addition of your dependent to your coverage . If you are seeking to add a new dependent to an individual health insurance policy that you have then you should contact your insurance agent or the insurance company 's member services to unit -LRB- there should be a toll free telephone number on the back of you ID card -RRB- to get assistance in adding your new dependent . If you purchased coverage directly through HealthCare.gov , well , good luck , you are kind of on your own with a government bureaucracy to deal withon top of theinsurance carrier bureaucracy .


Input: Does Life Insurance Pay For Funeral Expenses?

Output: That is a great question ! The best part about life insurance is that the money passes tax free to your beneficiary , and can be used for any purpose that person sees fit . If paying for your funeral expenses from the proceeds is a desire of yours , then you may want to consider discussing that with your beneficiary beforehand , so your wishes are understood . You may also want to go to the funeral home of your choice , and see if they will allow you to pre-purchase your funeral , and assign a portion of your policy as the payment . If you would like to know more about this , please drop me a line , I 'd be happy to explain further . I hope that helps , thanks for asking !


Input: Does Life Insurance Pay For Funeral Expenses?

Output: The proceeds of a life insurance death claim can be used in any manner as the beneficiary sees fit to use it . One of the most popular uses is final expenses like funeral costs . Many benefices also use their new found wealth to retire all outstanding debt , inculcating their home mortgage .


Input: Does Life Insurance Pay For Funeral Expenses?

Output: Life insurance can pay for funeral expense . When a life insurance policy is taken out for the purpose of paying final expenses , it is usually a permanent policy with a small face amount . The policy is left to a beneficiary who knows what the Insured wants , be that burial , cremation , funeral , memorial service , etc. . The remainder of the policy is used by the beneficiary to pay other bills for the Insured , or to use as they see fit .


Input: Does Homeowners Insurance Cover Foundation Repair?

Output: Your homeowners insurance policy covers damages that are caused by specific perils . While it is possible that damage to a foundation could be caused by fire or another of the covered perils , I doubt that is the point of this question . Most foundation difficulties arise from earth movement and that is an excluded peril in most policies . The issue is damage from a specified peril is what is covered .


Input: What Will Disqualify You From Life Insurance?

Output: There are many issue and items that can disqualify you from securing life insurance coverage . A medical condition that actuarially is calculated to shorten the life of the prospective insured to such an extent that the risk is too great to validate a companys profitability . Hazardous vocations , recreational activities and multiple motor vehicle violations , especially DUIs , can result in disqualification .


Input: What Will Disqualify You From Life Insurance?

Output: I can give you some examples from cases I have handled . I think you will be surprised . Many people assume they will not qualify for life insurance , and happily , they are wrong . It takes a lot . One fellow needed to purchase several million dollars of life insurance to cover a bank loan for his business . His business was a bar/restaurant . The night before his insurance exam , a few of his buddies came by to socialize a bit . They did cocaine . Of course , he tested positive . No insurance for him . He probably would have qualified for a guaranteed-issue burial policy . But the $ 25,000 would not have done him any good . He needed that bank loan . And he needed life insurance to get it . And you know what ? He didnt get the life insurance , and he didnt get the bank loan . He would have had to wait a few years before he became eligible again . Five years is the industry standard , but I probably couldve gotten it for him sooner . Another candidate also a business owner went to rehab for both drug and alcohol addiction . Unfortunately , he didnt schedule the necessary follow-ups after his treatment . Carriers were worried that a relapse would be right around the corner without the proper support system in place . He will also have to wait a year or two . Then you have people who have a number of serious illnesses that just arent sufficiently controlled . The combination of obesity , heart condition , diabetes , smoking etc. is wicked . Ive had people come to me with these factors in place , and then some . Has to be some measure of control . Otherwise , you look like a walking timebomb . These cases are extreme . Other cases seem scary but can be quite placeable . Pot smoking ? You can get a policy . Bankruptcy ? You can get a policy . On probation for a felony ? You can get a policy . Suspended drivers license ? You can get a policy . Travel to India , or South America , or rural China ? You can get a policy . Mountain climber ? You can get a policy . Deep water scuba diver ? You can get a policy . Of course , a number of important factors need to be in place , but on the overall , it can be done . Surprise !


Input: What Will Disqualify You From Life Insurance?

Output: Some things that can disqualify you for all but guaranteed issue life insurance are : very poor health , drug/alcohol abuse , recent bankruptcy . citizenship requirements , income requirements , and a suspended drivers license . Every policy has age parameters that the applicant must meet , and if applying for guaranteed issue life insurance -LRB- for which you can not be disqualified for health or other risk -RRB- , the minimum age is usually 40 + . Children who are intellectually handicapped , have type 1 diabetes , or are born with congenital diseases may not be able to find coverage until they are adults . That being said , there are life insurance policies of all types and for all types of health and other risk factors . Some states have more options than others . Contact an impaired risk life insurance agent or online agency and you may find that what you thought would disqualify you for life insurance is no problem at all .


Input: What Will Disqualify You From Life Insurance?

Output: What will disqualify you from life insurance ? Well depends on you mean by disqualify as there are many forms of life insurance out there at many different price levels . There are guaranteed issue plans , credit life and a few that will insure a person for a very high premium . What you might be asking instead is what will disqualify you from the best possible rates for life insurance ? Your health is what will get you very good rates or high rates if your health is poor . There are also possible issues with travel , credit and occupations and hobbies . But , the best price is usually tied to best possible health . You are your discount .


Input: Does Metlife Still Sell Long Term Care Insurance?

Output: MetLife quit selling new individual and group Long Term Care Insurance policies in late 2010 . They announced that they would still service the Long Term Care policies that they had issued in the past . MetLife continues to pay claims on their existing Long Term Care business and writes new Life Insurance policies .


Input: Can I Borrow Money From My Globe Life Insurance Policy?

Output: Per their website , you can borrow money from a Globe Life Insurance policy . The policy must be Whole Life that you have had long enough to build up a cash value . You can take out a policy loan to borrow against the cash value that has built up in your Globe Whole Life policy .


Input: Does Medicare Part D Pay For Revlimid?

Output: First , may I suggest you go to www.rxhope.com . Click `` medication search '' and type in Revlimid . That may solve all your problems in a nutshell . Otherwise , technically medicare does n't cover most drugs ... you buy a drug program separately . I 've looked in several formularies and revlimid is listed , but you pay 25 % , which is a fortune . Revlimid is very expensive , so you would go in the donut hole -LRB- and come out of the donut hole -RRB- almost immediately . I suggest you contact a seasoned agent in your state to explain all of that to you . But again , rxhope may solve your problems . Good luck !


Input: What Is The Health Insurance Portability And Accountability Act Of 1996?

Output: The Health Insurance Portability and Accountability Act of 1996 -LRB- commonly known as HIPAA -RRB- protects patients medical information in that your personal information can not be shared with another party without your authorization . The other aspect of HIPAA that most people are familiar with is COBRA . COBRA allows you to continue employer coverage for a while after your employment has terminated . Under the affordable care act , coming off of group coverage does grant you a special enrollment period as it 's a qualifying event so you would want to compare options between COBRA and plans available on the individual market - an experienced health insurance broker can help you with this . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does Life Insurance Cover Accidents?

Output: Once a life insurance policy is in force and death occurs by any means except suicide during the contestable period , the claim will be paid . There are life insurance policies that are AD&D contracts that only pay claims from accidents.But most advisers recommend full coverage life insurance to cover any cause of death .


Input: Does Life Insurance Cover Accidents?

Output: Yes , Life Insurance covers death by accident as well as death by natural causes . If the accident was random -LRB- an `` act of God '' , such as being struck by lightning -RRB- or related to a health condition -LRB- such as hitting a pole while suffering a heart attack while driving -RRB- , it does not matter . Only life insurance covers death by any reason -LRB- except suicide in first two years -RRB- .


Input: What Is Medicare Low Income Subsidy?

Output: There are several taxpayer funded assistance programs for low income Medicare beneficiaries . If you qualify for Extra Help , your Medicare Part B premium is paid for you under QMB , SLMB , or QI programs . All 3 assistance programs will pay your Medicare Part B premium . Some will also pay your Part A , deductibles and coinsurance .


Input: What Happens When A Term Life Insurance Term Ends?

Output: When a Term Life Insurance policy reaches the end of the term , most people choose to get a new policy . That is because the price jumps up to an unaffordable amount , for most people , and can continue to go up annually after that . Some policies allow the term policy to be converted to permanent for a number of years , and by a certain age . This price will be much higher than the original term cost was , as well , but at least it will be locked in .


Input: What Happens When A Term Life Insurance Term Ends?

Output: Most term insurance policies increase dramatically in price after the level term period and clients simply stop paying for them and they lapse . Many term policies have conversion options that allow a policy owner to exchange part or all of their term policy into a permanent policy that will last forever . These options vary from company to company so its always good to ask an agent or call the insurance company .


Input: What Happens When A Term Life Insurance Term Ends?

Output: With many companies , after the term has ended , the policy ends . But with most , the policy continues , but at a much higher premium , forcing many to just stop paying . Either way , the smart thing to do if you can , is convert your term to permanent , while you still can convert . Or get a new permanent policy , if your health permits . The earlier the better ! Talk with a live agent . GARY LANE . Thank you .


Input: What Happens When A Term Life Insurance Term Ends?

Output: If planning has been done well , the policy will end just as the need for the coverage ends . Unfortunately , often the policy ends before obligations are completed . The insured is then faced with some painful decisions . Continuing the coverage with the current policy is often an option but at a substantially higher premium . If the customers medical condition is still good , they can apply for new coverage . While that option will be more expensive than the completed policy it will probably be less than the continuation policy .


Input: What Happens When A Term Life Insurance Term Ends?

Output: The term period of a term life insurance policy is the number of years that the premium will stay the same , or `` level '' . When the term ends , the premium jumps way up , and goes up every year after that . If the policy is not renewable , or the Insured is past the age at which renewable premiums apply , the policy simply ends when the term ends .


Input: What Happens When A Term Life Insurance Term Ends?

Output: When a term life insurance contract ends the coverage ends with it . Some term life insurance policies offer conversion to permanent life insurance within the window of convertibility . Term life insurance is sometimes sold to the life settlement market for cash , if the conversion clause is still in affect and applicable .


Input: Where Can I Buy Health Insurance On My Own?

Output: You can buy health insurance through a health insurance broker or your state Marketplace Exchange . I would recommend buying your health insurance through a broker rather than doing it on your own because a broker can do the shopping , comparing , and enrollment for you at no cost -LRB- insurance brokers do not charge fees for their services -RRB- . Please note , you can only buy health insurance during the annual open enrollment period or during a special enrollment period if you have a qualifying event -LRB- e.g. getting married , having a baby , leaving your employer 's group plan , etc. -RRB- I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Where Can I Buy Health Insurance On My Own?

Output: You can buy health insurance in the state where you live during open enrollment period begins in November for January 1 , 2015 . Individual health insurance can be purchased through a licensed and certified insurance agent , directly from an insurance carrier or through your states Marketplace also called the Exchanges . Unless you have a qualifying event which allows for special enrollment you have to wait until January 1 , 2015 to have health insurance .


Input: How Much Do Life Insurance Agents Make In California?

Output: Life insurance agents in California make a wide range of salaries . Very successful agents make over $ 100,000 per year . But many agents start out in the business only to be change careers within a couple of years , because they can not make enough to pay for the high cost of living in parts of California .


Input: Does Homeowners Insurance Cover A/C Units?

Output: It will if it is stolen in most cases but not maintenance or breakdowns . You need a home warranty policy for that and also always remember that we are responsible for maintaining all equipment in our homes . Cut back tree limbs , maintain plumbing such as toilets when they keep running or faucets that drip . If this is not taken care of and an incident occurs you could be denied a claim if you knew about it and did not repair it before it caused the damage


Input: How Exactly Does A Life Insurance Trust Work?

Output: Assuming you are addressing irrevocable life insurance trusts -LRB- ILIT -RRB- , the chronology of events and ownership are very important . The grantor can not have any incident of ownership . The ILIT must be the owner and the date of the ILIT must precede the policy date . The ILIT will name the beneficiaries of the trust and premium paid by the ITLIT grantor must conform to annual gift tax or unified credit rules to avoid taxation of premiums . Consult your legal adviser before moving forward with any creation of ILIT .


Input: How Long Does It Take For A Life Insurance Policy To Pay Out?

Output: When an insured dies , the beneficiary making the claim on the policy will need to send in a completed claim form and a copy of the death certificate -LRB- some carriers may have an additional form - varies by carrier -RRB- . Once these items are received by the carrier , they will pay out the claim to the beneficiary .


Input: How Long Does It Take For A Life Insurance Policy To Pay Out?

Output: This is a great question . If it is an expected death , ie . old age , a natural death , after the claim forms along with the death certificate you can expect the benefit to mailed out within 2-4 weeks . If the death was due to other circumstances such as a suicide , the process to get the death certificate becomes more complicated , up to 14 weeks then at which time you can submit the claim forms with the certificate to get the benefit . I am speaking for experience personally .


Input: How Long Does It Take For A Life Insurance Policy To Pay Out?

Output: Most claims are paid out within 2 weeks of the date the death certificate is ready . I would expect that to be the case nearly any time unless there are complications with beneficiary -LRB- a named beneficiary is deceased - or unclear -RRB- or if someone challenges the wishes of the insured -LRB- which does n't happen very often -RRB- .


Input: How Long Does It Take For A Life Insurance Policy To Pay Out?

Output: It should n't be more than 7 days from the time you submit the paperwork and the death certificate . Sometimes getting the death certificate can be the longest wait time and not the insurance paperwork . If there is any suspicion of suicide -LRB- I hope not -RRB- then it could take much longer -LRB- every life insurance policy has a suicide clause , but usually with a time limit .


Input: How Long Does It Take For A Life Insurance Policy To Pay Out?

Output: A death certificate is a document that meets state requirements . The state regulates who can sign a death certificate . The death certificate establishes the identity of the victim and the cause of death . In many states the death of someone under 18 must follow different procedures . This process can be quick , for example , extreme old age , or very long , mysterious disappearance . The death certificate and the claim form are filed with the insurance company . The claims department reviews the claim to make sure that paying the claim is appropriate . Most companies consider a death claim in the first two years of a policy to be unusual and of concern . Some death claims involve fraud so the company might look for that . The company is paying interest on the death claim so they will move as quickly as possible . Sometimes that can be frustratingly slow but usually it is quite quick .


Input: What Is The Definition Of Medigap?

Output: Medigap plans -LRB- commonly referred to as Medicare supplement plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay.Health insurance is constantly changing , which can make finding the right plan for you very strenuous . Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N -LRB- a high-deductible plan F is also available that features a $ 2,140 deductible in 2014 - the trade-off being a substantially reduced premium -RRB- . Each plan offers certain benefits some more comprehensive than others . Each plan must cover a core set of benefits -LRB- also known as the basic benefits -RRB- . The basic benefits are 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefitsare used up . 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment There 's a total of 9 benefits that can be secured . The other 5 benefits available under a Medigap plan are : 1 -RRB- Skilled Nursing Facility Care coinsurance 2 -RRB- Medicare Part A deductible 3 -RRB- Medicare Part B deductible 4 -RRB- Medicare Part B excess charges 5 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Each plan features a different structure , Each plan covers a different combination of these 9 benefits -LRB- some of the plans feature coinsurance or copayments for certain benefits -RRB- . If cost is not a major factor for you , Plan F will be the recommended choice because it covers all 9 benefits at 100 % - it 's the most popular plan by far . If you 're looking to keep your costs down , but still have very comprehensive coverage , you may want to look at plans C , G , and N as well . When you 're looking to buy a Medigap plan , you should consult with an independent Medigap insurance agent to review the plans in detail to see which one will best serve your needs , help you identify all of the carriers offering Medigap plans in your zip code , and which one will be able to offer the coverage to you at the lowest cost -LRB- the plans are standardized so the biggest difference between them is price - the benefits are exactly the same regardless of the carrier you have the Medigap plan through -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Can Car Insurance Pay For Dents?

Output: It may . If you have other than collision -LRB- comprehensive -RRB- coverage on your current auto policy , you may be provided coverage to repair dents in the vehicle . Any claims paid may be subject to a policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Who Sells Credit Life Insurance?

Output: Credit life insurance is a marketing name for decreasing term life insurance . Most large purchases such as a car , appliance or electronics , will offer you a credit life insurance plan . The most common type of decreasing term life insurance is mortgage life insurance . The reason it is set up as decreasing term life insurance is due to the repayment of the debt . For example , you purchase a home with $ 100,000 mortgage on 15 years . The face amount is $ 100,000 at time of purchase . However , you pass away at year ten . The mortgage owed is now $ 30,000 , the face amount has now deceased from $ 100,000 to $ 30,000 . You would have been better off purchasing a 15 year term life policy for the $ 100,000 and have your loved ones collect the $ 70,000 difference in face amount instead of losing this amount to the insurance company . Try to steer clear of credit life unless your health situation is too bad to qualify for regular life insurance . Good luck .


Input: Who Sells Credit Life Insurance?

Output: J. T. Miller Co , Inc , sells credit life insurance . Pekin Insurance sells credit life insurance through a network of financial institutions and auto dealerships . State Farm sells Mortgage Life Insurance . Credit Unions , financial institutions , and lenders for home mortgages or auto loans are places where credit life insurance can often be purchased .


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

Output: Missouri has the Missouri Risk Pool health insurance for Missouri residents who have pre-existing conditions . It is offered by the state of Missouri to those who have been terminated from their life insurance against their will , or are paying more than 150 % of Standard rates for that same policy .


Input: Can I Get Life Insurance Through The VA?

Output: You will automatically be enrolled in $ 400,000 of life insurance when you enter the service . If you want less , you can decrease it by increments of $ 50,000 . After you are out of the service , there is a window of time where you must convert your SGLI to VGLI , or you will lose the opportunity to do so . See WEBSITELINK for details .


Input: Can I Get Life Insurance Through The VA?

Output: yes , you can purchase life insurance through the Veterans Adminstration . This could be important life insuruance but are we assuming that the tendency to preclude `` military action '' in standard life insurance policies is not also included in those policies ? You better read the fine print and I would require the agent to give me a written statement that if I am killed in Military action '' then my family is protected as stated on page so and so in the policy and you need to have this discussion with your significant other


Input: Can I Have Out Of State Car Insurance In Louisiana?

Output: You can keep your current insurance company coverage until the next renewal date of your insurance policy . Try to renew with the same insurance carrier as they often do not do a underwriting background check since you are already a customer . I do recommend that consult with your new agent and do not let them advise of less that 100,000 bi or pd or um or umi coverages . A good recommendation is to take out a accident policy on the family they just a few dollars a month and you are covered for not just auto accidents for your bodily expenses .


Input: What Is Covered By Car Insurance?

Output: The automobile is covered by an auto policy . This is a key issue . Regardless of the operator , the coverage is on the automobile . The primary and secondary policyholders are named and there is a very limited amount of liability coverage that extends if a policyholder is operating another car , owned by another insured and the claim exceeds the limits carried on that second automobile . Almost everything in the policy is focused on the named automobile .


Input: What Is Covered By Car Insurance?

Output: Depending on the type of policy you purchase , your liability protection can cover bodily injury -LRB- per person and per accident -RRB- along with property damage . Medical payment may also be included . Protection against underinsurerd and uninsured drivers can be included along with physical damage to the vehicle , which includes your collision and comprehensive benefits .


Input: What Is A Defined Benefit Retirement Plan And Why Are They Disappearing?

Output: A defined benefit plan is a qualified pension plan . Participants do not have separate accounts . The benefit is defined in the plan and is usually a combination of years of service , highest or average covered wages , and age at retirement . The reason that these plans are fading is that administrators can not find investments that will give the yield that existing plans require to keep them solvent .


Input: Will Bad Credit Affect Car Insurance?

Output: Many auto and property insurance companies have been using credit along with driving history etc as part of their underwriting evaluation process for quite a number of years . In a word , yes , your credit history does have an impact on the pricing that is offered to you for car insurance as will as property insurance .


Input: Will Bad Credit Affect Car Insurance?

Output: Bad credit can have an impact on the premium rates you are asked to pay for car insurance when first applying . Many auto insurers utilize credit scores to make underwriting decisions on new applications . If you have bad credit take steps to improve your score . Shop around for auto insurance from companies that use more traditional data in pricing policies . Or stick with your current carrier and drive safely . Of course you want to drive safely no matter what !


Input: Will Bad Credit Affect Car Insurance?

Output: That is a great question ! Unfortunately having bad credit can have an affect on your insurance rate . Many insurance companies look at your credit score and history to `` determine '' your level of trustworthiness and responsibility . The financial world is very interconnected , and having some blemishes on your credit can have effects in all kinds of unexpected ways . The good news ? Often your credit rating is n't as bad as you think . I 'd advise you to get a free copy of your credit report , and look at what you can do to clean it up , and improve it . More good news ? They will look more at your driving record , car , and it 's daily mileage than your credit rating . I hope that helps , thanks for asking !


Input: How Much Is Permanent Life Insurance?

Output: The smallest premium I have seen for a permanent life insurance policy is $ 15 . The highest is in the millions . The amount of coverage that you can get for any given premium amount depends on your age , health history , tobacco use , gender , height-weight , etc. . Your independent agent can give you rates for many companies and help you understand which companies will approve you .


Input: How Much Is Permanent Life Insurance?

Output: Unfortunately there 's too many factors that go into premium pricing to say what an average plan costs.The risk class is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Permanent life insurance is designed to provide coverage for the rest of the insured 's life and build cash value . Under a guaranteed universal life -LRB- GUL -RRB- program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . Whole life features level premiums and death benefits and builds cash value at a faster rate -LRB- participating WL policies may pay dividends that can be used to increase the death benefit or decrease the premiums over time - non-participating WL policies do not feature this ability -RRB- - the trade off between this and guaranteed universal life is that to increase the cash value faster , the premiums will generally be substantially higher . For both GUL and WL , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , GUL policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs . You can send me a private message by clicking on the `` contact me '' button if you would like quotes and assistance with your and your family 's life insurance needs .


Input: How Much Is Permanent Life Insurance?

Output: There are as many different prices for insurance as there are kinds of people needing it , I think ! Seriously though , the prices will depend on the company , your age , your health , and where you live , for starters . I 'd strongly advise that you take any internet quote with a grain of salt , and contact an agent/agents for a more realistic idea . The agent can ask some more in depth questions , and provide you with a more accurate quote . Please also be wary of anything that sounds too good to be true when you look online , or in your mailbox , because it probably is . Please hit the ` contact me ' button if you 'd like more details , I 'd be happy to help !


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: I think it means that you lose the guarantee at age 75 . At that point what will happen ? The insurance company could very well send you a bill for a premium that is much , much higher than what you have been paying . Or , they may want to pay for the policy from your cash value , if that is a provision in the contract . Either way , you may be faced with options that you just dont want . It would be best for you to take charge of the situation now and do two things : 1 . Get an in-force report showing current and future values , to see what you can expect on the policy going forward ; 2 . Shop out the coverage to see if another policy would help you better meet your goals .


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: It 's good that you 're asking this question ! As you can see from the other answers that if you pay only the premium that was `` guaranteed '' to you when you bought the policy , yes your insurance benefit will end when the `` guaranteed '' side goes to zero . That 's my biggest issue with `` Universal Life '' insurance . As was already stated by another here , `` Universal is glorified Term '' , but it 's hardly ever explained that way when it 's sold . Depending on your age and health I would most likely recommend that you replace it with a Whole Live , Cash Value policy that does n't terminate it 's benefit until it gets paid .


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: Not necessarily . You should call your agent or the insurance company and ask them for a `` current illustration '' which will give you an idea of how long your policy will last . Based on that , you should be able to make an intelligent decision about keeping the coverage in force .


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: If your illustration states zero at age 75 , you and your agent set your premiums up for that age . You do need to contact your insurance company for a current illustration . You may need to adjust your premiums up to avoid a zero value . The great thing about universal life is you may adjust up or down on premiums throughout the life of the policy to accomplish different goals . The sooner you take care of this the more affordable the premium increase will be .


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: No , you do n't have to lose coverage , but a characteristic of universal life allows for flexible premiums ; you choose what you want to pay . At the time of purchase , your agent must have set premium at the level that the illustration shows zero at age 75 . Most likely , you will only need to adjust your amount of premium up , but you must get a current illustration to know how much is needed to keep coverage in force . It will certainly take some upward adjustment of premium , since you reached a zero value at your present premium level .


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: No . The guaranteed side simply means the coverage is guaranteed to remain in effect until that point as long as the premiums are continued to be paid at their current rate - as universal life insurance is defined as flexible premium coverage , you have the option to increase the premium you 're paying to extend the guarantee side . The current side determines when the coverage would actually run out - however , the current side is always subject to change as it reflects whatever the current interest rates are . If the interest rates change , then the current side will change as well . In addition , if the carrier raises their costs of insurance charges under the policy , then the cash value can be depleted even faster thus lowering the current side coverage projection even further . If you 're unsure what you have , you can contact the carrier to send you an up-to-date illustration -LRB- a coverage projection citing how long the coverage will remain in force based on today 's figures -RRB- . It sounds to me as though the policy that you have is a current assumption universal life program rather than a guaranteed universal life program -LRB- which can guarantee premiums remain fixed and guaranteed up to age 121 -RRB- . Current assumption policies typically have limited guarantees under their programs and require additional premiums if the cash value is depleted - meaning they will `` crash '' if the cash value hits $ 0 -LRB- you would therefore need to pay more in premiums above what you 're already spending to keep the coverage going or else it will lapse -RRB- . Guaranteed universal life policies state that even if the cash value hits $ 0 , the coverage will still continue as long as your regularly scheduled premiums are paid . If you prefer to have something that guarantees coverage for life rather than risking coverage lapsing after age 75 , you may want to consider setting up a guaranteed universal life policy . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: There should also be more to the illustration than just the guaranteed column . There should be a current rate assumption as well . While they may match , the company may be paying a greater interest rate than the guaranteed rate , so you policy could last longer . All of this depends however as universal life policies were also known as `` flexible '' life policies back in the day . What that means is you can pay your premiums , skip your premiums , take money out , put money back , so without seeing what you 've done over the years with your policy it is hard to give sound advice . If you no longer have your agent , contact the insurance company directly and they will either assign you an agent or help you directly to understand where you are with your policy


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: That is a great question ! Call your agent as soon as you can , and ask them to give you a current illustration for your policy . Here 's the deal - Your policy is like a glorified term policy - that means it 's only designed to last a period of time and then eat itself and die , unless interest rates are high -LRB- which they have n't been for years -RRB- or you overpay your premiums -LRB- which no one does -RRB- . With these policies , the cost of the insurance and fees increase every year , and are not factored into your premium payment . When the cost of your insurance becomes more than your payment , it begins to dip out of your cash value to compensate for the shortage . Once that cash value is depleted -LRB- and it sounds like your policy was designed to do that at age 75 for you -RRB- your policy lapses unless you pay more to keep it alive . That is typically financially unrealistic for most , and your coverage ends . Please contact your agent , and get a look at where your policy stands , and what your options are . Good luck , and thanks for asking !


Input: if i have a universal life policy and the guaranteed side goes to zero at age 75 does that mean that I lose the death benefit at that age?

Output: If you are referring to the DEATH BENEFIT going to 0 at age 75 , the answer is POSSIBLY . It depends on two factors : 1 -RRB- interest rate , and 2 -RRB- cost of insurance . When you look at the guaranteed death benefit column in your policy , that is the SHORTEST length of time it will stay in effect . That means if your 1 -RRB- interest rate dropped to the lowest rate right after you got the policy , and 2 -RRB- the cost of insurance went up to the highest rate right after you got the policy , you can still be assured your policy will last to age 75 . If the interest rate never drops that low , and the cost of insurance never goes up that high , your policy will probably last past age 75 ... maybe even much longer . Now , if you asking about whether your policy will lapse if the CASH VALUE drops to 0 at age 75 , then that is a different story . The cash value on some UL policies is 0 for many years , and the policy will still stay in effect . As the other contributor stated , you can get a current illustration to check on these factors . But it is a great question , as you need to understand the terms to read the illustration . Thanks for asking !


Input: How To Value Your Home For Insurance Purposes?

Output: Normally this is done by a software that insurance carriers use . It requires the input of several pieces of information about the property to be covered and provides the carrier with an estimated cost of reconstruction that is typically used for the coverage amount on the homeowners policy . Valuations can differ depending on the valuation software that the carrier uses .


Input: Can I Drive A Van On My Car Insurance?

Output: If you are renting a van your auto policy will cover you . The limits from your auto policy will apply to the rented van that you are driving . There may be some administrative advantages to purchasing the insurance the rental company provides but in the long run , there should be little difference in coverage .


Input: What Is Annuity With Overlap?

Output: Overlap refers to a type of joit life annuity with a guaranteed period . Joint life annuities , are as the name suggest annuities based on two lives . They can be structured to - Provide a level or increasing annuity payments for the lifetime of two annuitants - Provide and income that reduces on the first death and continues until death of the second . - Have a guaranteed period with the proceeds being paid to beneficiary if both annuitants die during the guaranteed period . With an Annuity with overlap , the initial payment continues until the end of the guaranteed period and the surviving annuitant also receives the reduced amount . For example $ 10,000 a year annuity income , 5 year guarantee , with payments reducing by 50 % after first death . Death of one annuitant occurs in year 2 . With an annuity with overlap the $ 10,000 would continue for 3 years -LRB- remaining guarantee period -RRB- and the 50 % reduction of $ 5,000 per year would also be paid . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What To Consider When Getting Renters Insurance?

Output: Consider meeting with your Insurance Professional to discuss your needs and what may be offered as solutions to best meet those needs . There are two basic elements to a Renters Insurance policy . The first provides coverage for your personal belongings ... your `` stuff '' . Clothing , furniture , area rugs , books , electronic equipment , kitchen ware and the like . Be sure you have enough coverage to fully replace everything if it was all lost in a covered peril , such as a fire . Along with this , choose a deductible that best suits your financial circumstances . The second element is Liability protection . Liability coverage protects you and your financial exposure from action taken against you should you be legally responsible for injury to another person or damage to their property . You will want to make sure you have enough coverage to reasonably protect your financial exposure which includes your income , savings , investments etc. .


Input: What To Consider When Getting Renters Insurance?

Output: Great question ! You want to look for a couple of things . You want a policy that will provide the best coverage , for the lowest cost . There are many companies that offer renters policies , so the best thing to do is shop around , and preferably find an independent agent who will help walk you through the process . An independent agent is one that is n't tied to a big name company , but has the options of several companies to choose from . They will most times be able to find the best deal for you . A bit of advice ? Ask for `` replacement value '' , as opposed to `` actual value '' when you are looking at your choices . It can make a world of difference if you ever need to file a claim . Any questions ? Feel free to contact me for more information , I 'm happy to help . Thanks for asking !


Input: What Happens During A Life Insurance Physical?

Output: The exact tests that are required for an exam a person will take will depend on several factors - their age , the amount of coverage they 're applying for , and the carrier they 're applying to . Each carrier has their own underwriting guidelines so some may have different exam requirements than others . For middle aged individuals , you will most commonly see an exam consist of 3 parts : 1 -RRB- Paramedical exam - checking your height/weight , your pulse , and going through the medical questions 2 -RRB- Blood Test 3 -RRB- Urine Test If you 're an older individuals -LRB- e.g. age 55 -RRB- , some carriers may also ask for an EKG to be completed with the other exam requirements . If you 're a senior -LRB- e.g. age 70 -RRB- , some carriers may ask you to complete a mature assessment -LRB- congnitive and physical movement testing - e.g. memory tests , walk a distance , etc. -RRB- . Exams typically take no more than a half hour or so and can be completed in the privacy of your own home -LRB- some people prefer their work place which is also acceptable -RRB- . You do n't have to go to a doctor 's office or a clinic to have the exams done . One recommendation is know which carrier and which of their programs you are going to apply for . You do n't want to take an exam before completing the application process because if you apply to another carrier than you may have originally intended , you may have to complete extra testing because that 2nd carrier may have more markers they check for -LRB- therefore extra exam requirements/tests -RRB- than the other carrier . Ideally , you want to have everything in order and make sure it 's right so you only have to do it once . Please feel free to contact me if you have any other questions . Thanks very much .


Input: What Happens During A Life Insurance Physical?

Output: How detailed and what happens during a life insurance physical initially depends on your age and the amount of insurance applied for . What is done varies between companies , here a few examples . ; A paramedical exam could involve having a nurse or trained practitioner asking you the health question and you providing a urine and blood sample . Older ages and or greater amounts of insurance , could involve a medical doctor 's exam and an electrocardiogram and or x-rays . Your medical declaration or initial tests results could also trigger additional requirements . Your insurance broker would be able to advise you about the initial medical requirements for the amount you are considering applying for . 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: What Happens During A Life Insurance Physical?

Output: A life insurance physical is information an underwriter needs to make a risk assessment on your help in determining your premiums paid for a specific face amount of insurance . Therefore it really depends on the amount applied for and your age and health status . A paramed examiner which is a nurse will usually come to you and ask a list of health questions . The rest can vary from just taking height and weight , blood pressure , mouth swab , blood and urine samples all the way to running a portable EKG strip . Again age and face amount dictate how much information is required for the underwriter .


Input: What Is Flexible Adjustable Life Insurance?

Output: Flexible Adjustable Life Insurance is another name for current assumption universal life -LRB- CAUL -RRB- . The key adjective is flexible . At the advent of CAUL , its flexible premium and death benefit was an alternative to the rigidity of participating whole life insurance . Today that flexibility to change the dynamics of premium and death benefit is an attractive feature of CAUL .


Input: What Is Flexible Adjustable Life Insurance?

Output: This is another name for Universal Life . A Universal Life plan has flexible premiums . You can vary the amount you pay in . The more you put in the greater the cash value buildup . The face amount is adjustable . you can vary the face amount by increasing or decreasing without having to purchase a new policy . You can increase the face amount subject to underwriting .


Input: What Is Flexible Adjustable Life Insurance?

Output: What is flexible adjustible life ? Another name for universal life . Have n't really heard it in a while but I am sure some companies use that name for universal life , to be different . A universal life policy is flexible as you can choose to pay your premium or not . It is adjustible because you can lower the face amount , change the contribution levels and a few other things . This makes for a really flexible product , which actually has meant more troubles for insured than good old fashion pay your premium each month policies , which chug along .


Input: How Much Renters Insurance Coverage Should I Get?

Output: That depends , what is the replacement value of your personal property ? The amount of coverage that you get should be enough to cover the replacement cost of all of your personal property . Contact a local agent to discuss your coverage needs , they are best equiped to help you decide what coverage is right for you .


Input: Can Hospitals Turn Away Medicare Patients?

Output: If hospitals accept federal funds they are prohibited from denying services to Medicare or Medicaid patients . Under EMTALA rules , hospitals can not deny services to anyone regardless of their ability to pay , if they arrive and has a critical medical emergency . Almost every hospital receive some federal funding so you should not have a problem .


Input: Why Do You Need Renters Insurance?

Output: You need to buy a renters policy if you could have a loss that is greater than your ability to pay . That is , if someone is hurt in your rental property and sues you , can you pay the loss ? If the property burns and your personal property is destroyed , can you sustain the loss ? In neither of these instances is your landlord responsible .


Input: Why Do You Need Renters Insurance?

Output: Great question ! Most folks know the importance of homeowners insurance , but few people realize all of the benefits and coverage available with a renter 's insurance policy . Coverage options differ between insurance companies , but here is a quick list of items that are typically covered : 1 . It covers replacing all of your belongings , including furniture , clothes , shoes , tools , laptops , and TVs after a covered loss . -LRB- Many people incorrectly assume that if they are renting , their personal belongings are covered under the property owner 's insurance policy ; in most cases the renter 's belongings are not covered under the owner 's policy . -RRB- 2 . It covers medical costs for guests who may be injured in your home . -LRB- Perhaps the neighbor sprained their ankle falling off of your step ? Wouldnt it be nice to cover their medical expenses as a courtesy , and not have to pay out of your own pocket ? -RRB- 3 . It gives you liability protection for events you may be held liable for on or off the property . -LRB- Maybe the neighbor who sprained their ankle decides to sue you ? -RRB- 4 . It covers additional living expenses , such as a hotel room , and dining out in the event you are temporarily evacuated from your home . -LRB- Perhaps a pipe bursts , and the landlord says you have to stay somewhere else for 10 days while they conduct repairs ? -RRB-


Input: What Is The Difference Between Medigap And Advantage?

Output: It can be a bit confusing , but Medigap plans are utilized for persons that are covered under traditional Medicare . You can buy a policy from an insurance company such as Blue Cross , Humana or UnitedHealthcare -LRB- although there are plenty of other insurers to choose from -RRB- . It is designed to provide coverage for many of the out-of-pocket costs -LRB- such as Part A deductible and Part B costs -RRB- that are not picked up by Medicare . The different Medigap plans are standardized which makes it easy to compare , although there are differences in benefits . Medicare Advantage is a private health plan that is offered as an alternative to the more-traditional Medicare coverage . Often an HMO or PPO , you may see additional benefits included . Many of these plans include some form of prescription/drug benefit . Of course , you can not purchase BOTH a Medigap and Medicare Advantage plan . You can choose one , or simply not use a supplemental policy . An independent broker and/or a reputable website is a great place to view options from multiple companies . You can often instantly compare plans and easily apply online .


Input: Can You Claim Disability Insurance On Taxes?

Output: If you have a business plan that includes executive benefits and one of those benefits is disability insurance , you can elect to deduct it and increase your benefit to around 80 % of your compensation , but the benefits will be taxable at ordinary income tax rates . Consult your tax adviser before moving forward with the deduction .


Input: Can You Claim Disability Insurance On Taxes?

Output: Can you claim disability insurance on your taxes ? Yes or No , depending on how you 've accounted for your premiums tax wise . In most cases the premium you pay for disability insurance is paid from taxed dollars , in other words after tax dollars . In that particular situation any benefit you collect would be consided not to be subjected to income taxes . So you would not have to show disability payments on your tax return in that case . Now , if the premiums are deducted for tax purposes , the benefit collected would be considered taxable .


Input: Does SIPC Cover Annuities?

Output: SIPC covers securities investments in the event of a Broker Dealer default or insolvency . The coverage is up to $ 500,000 . Annuities are not covered by SIPC because they are insurance products and are therefore covered by State reinsurance programs specific to the state that the annuity is offered and sold in .


Input: What Is AD&D Insurance Vs Life Insurance?

Output: AD&D is very limited coverage that is generally issued without much underwriting . It is often included in employee benefit packages . Some people seek AD&D coverage because they can not qualify for life insurance . Other seek it as a part of a travel insurance package , particularly if their destination is relatively unsafe .


Input: What Is AD&D Insurance Vs Life Insurance?

Output: AD&D Insurance stands for Accidental Death and Dismemberment Insurance . AD&D Insurance pays for death that occurs by accident , or for accidental dismemberment . Life Insurance , on the other hand , pays for accidental death AND for death that occurs due to natural causes . Life Insurance pays for death by any reason except for suicide in the first two years of the policy , and some exceptions such as acts of war , as spelled out in the policy .


Input: What Happens When Your Car Insurance Is Cancelled?

Output: I will keep this brief - nothing good . From the date on your cancellation notice you no longer have physical or liability coverage . Meaning , no one will pay for your car to be repaired and if you injure someone else on the road you have no liability suit protection . Furthermore , if you live in Michigan , like I do , driving without no-fault insurance subjects you to a penalty of $ 200 - $ 500 and up to three points on your license . Finally , if you lease your car and it is part of the agreement to maintain full coverage , lapse in the coverage is a breach of the contract and can cause the car to be repossessed .


Input: What Exactly Does A Life Insurance Broker Do?

Output: A life insurance broker works for you ... the consumer . The broker will research and compare many of the top-rated carriers so you can pay less for your coverage . 20 years . 15 years . 10 years.Term . Whole Life . Variable Life . Confusing is n't it ? A broker will help you understand the best options for you and how to get them atminimalcost .


Input: Will Homeowners Insurance Cover Rodent Damage?

Output: Homeowners Insurance may cover rodent damage ; however , you must review the exclusions on your policy and if not sure , you may ask your insurance carrier to explain the coverage as it applies to your specific situation . In general , homeowners insurance covers incidents that are sudden and accidental and are not excluded from the policy form .


Input: When Is Life Insurance A Good Investment?

Output: Life insurance product suitability is determined by performing a personal financial profile that includes a risk tolerance assessment , tax favored priorities and financial planning goals . A non-modified endowment contract life insurance policy designed to purchase the lowest cost of insurance has four differing crediting methods that can deliver tax free retirement income as long as the contract is kept in force for the life of the insured : Participating whole life with dividends , current assumption universal life with interest rates , indexed universal life with limited indice returns and separate sub accounts utilizing market equities and bonds investments .


Input: What Does Assignment Mean In Medicare?

Output: Medicare assignment means that your medical provider agrees to the Medicare fee schedule and will allow Medicare to pay them directly . Most providers accept assignment which makes it easier on them and you . When your medical provider accepts assignment you can rest assured you will not be balance billed for excess charges .


Input: What Does Assignment Mean In Medicare?

Output: Medicare pays doctors according to a set schedule for each procedure . When a doctor treats a patient on Medicare he accepts assignment . In other words he agrees to accept what Medicare pays . For example , a doctor may normally charge $ 1000 for a procedure . Medicare may only approve $ 500 . The doctor has agreed to accept that $ 500 . Medicare will then pay 80 % of the $ 500 and the patient pays 20 % . The doctor is not allowed to bill for the balance .


Input: When Should You Get Life Insurance?

Output: The best answer to this question is when you are young and healthy . The younger you are , the lower your premium will be.If you are in very good shape and a non smoker , you may qualify for more preferred rates so be sure to talk to your insurance professional about your best options .


Input: When Should You Get Life Insurance?

Output: You should get life insurance whenever the need arises for that type of protection . If you are young and have school loans to pay off , that is a good time to get life insurance . If you are elderly and do not have funds set aside for your funeral , that is a good time to get life insurance . And there are a myriad of other reasons to get life insurance at any age in between .


Input: When Should You Get Life Insurance?

Output: You should secure life insurance when you start out in life . You 'll quickly discover that yo 'll accumulate financial liabilities that can impact your family and business partners . When your young and healthy , lie insurance is quite affordable , so it 's important to secure coverage at a young age . Life insurance is a major component of defensive financial planning .


Input: How Much Do Medicare Advantage Plans Cost?

Output: Medicare Advantage premiums range from $ 0 to $ 100 or more . Rates vary by plan , zip code , carrier and benefit levels . There is no `` best '' Medicare Advantage plan . Benefits and premiums vary by zip code and from year to year . The `` best '' plan is the one that fits your needs and budget . Most Advantage plans have provider networks . Some networks are local while others are regional . Some Medicare Advantage plans only cover youe if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions can be made for out of network penalties in the case of true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment .


Input: How Do You Cash In A Life Insurance Policy?

Output: You Cash In your Life Insurance Policy with serious consideration before doing it . There may be ramifications to its termination . Cashing in your life insurance policy will terminate coverage for your beneficiaries . Cashing in your policy with gain in the contract will cause an ordinary income taxable event . Cashing in your policy with outstanding policy loans or internal policy loans in the contract could also trigger an ordinary income taxable event .


Input: How Do You Cash In A Life Insurance Policy?

Output: To cash in a life insurance policy , it is a good idea to start by contacting the agent who sold it to you , or another life insurance agent you trust . There are options besides cashing in a policy that can possibly save you money and be a more economical move for you , and a trusted agent can explain those choices to you so you can make an educated choice . If you still decide to cash it in , your agent can assist you with that , as well .


Input: How To Change Ownership Of A Life Insurance Policy?

Output: To change ownership of a life insurance policy just requires a simple form . You can call or email the customer service department of the life insurance company through which your policy is held , or contact the agent who sold it to you . The original owner will have to sign the change of ownership form .


Input: How To Change Ownership Of A Life Insurance Policy?

Output: The ownership of a life insurance policy can be changed by filling out a form , signed by the policy owner , requesting the change . You can contact your agent or call the customer service number for your particular life insurance company to obtain the life insurance change of ownership form .


Input: How To Change Ownership Of A Life Insurance Policy?

Output: Change of ownership is fairly simple . Contact your life insurance company or insurance agent to request the form . The owner will need to sign as well as the new owner . Be sure there is an insurable interest between the new owner , insured and beneficiaries prior to making this request . This will be part of the criteria .


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

Output: To get a life insurance license , you must first take a course of training that is approved in your state . This can take months to study , or you can attend classes that try to pack the study into one weekend . After you finish your course of study , you take a life insurance test and must pass it with a 70 % grade . Then you can apply for your license . All in all , the process probably averages one to three months .


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

Output: That is an excellent question ! There are a couple of things that will determine how quickly you can obtain your license . The first is how quickly you can become enrolled in , and complete your State required training class . -LRB- There may also be company required training that you might need to complete before being able to sell , btw ... -RRB- You will also need to schedule and take your State exam , and get your fingerprinting and background checks done . It is a really wise idea to look into getting your Errors & Omissions insurance while in the process also , so that you can hit the ground running once licensed . So depending upon how well you learn and test , and how easy it is to get everything scheduled , you can expect your licensing within a couple of weeks , to a cople of months . If you would like to know how it went for me , please contact me , and I 'll talk to you privately about it . Thank you for asking !


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

Output: The requirements to have a life insurance license vary by state . In California there is a requirement for forty hours of instruction and then additional instruction in ethics . The instruction is available in a classroom setting , cram courses and on-line . The examination in California is comprehensive and customized for each applicant . The examination covers the entire spectrum of life insurance and many applicants find it difficult .


Input: How Do I Sign Up For Health Insurance?

Output: Through and independent agent would be best option but you can sign up online through different companies . However this option may not be available till November 15th when open enrollment starts again unless you have qualifying life event such as loss of group coverage , birth of new baby , adoption , divorce etc. .


Input: How Can I Get Cheap Car Insurance For My Daughter?

Output: The best place to start is by talking to your Insurance Professional about your existing car insurance . Ask about any and all available discounts that your company may offer . If you have 2 cars and your daughter will make 3 drivers , she might be elligible for occasional driver rates which can save money . Likewise , her successful completion your state approved Driver Education course and a maintenance of good grades in school can also certainly help keep the premiums down . LIke the rest of us , it is also critical that your young driver follow the rules of the road and operate your car in a lawful and prudent manner in order to avoid tickets and accidents .


Input: What Do You Need For A Renters Insurance Claim?

Output: For any claim involving property , you need evidence . This doesnt have to be piles of receipts . Simple photographs give the adjuster the information necessary to accurately evaluate the loss . If you have receipts that is fine as well . If you are sued , dont be concerned about what the adjuster needs , just get the claim into their hands . This is urgent .


Input: If you move out before your renters policy expires, is your property still covered?

Output: The property covered under your homeowners policy is the property of the insured . The property of the visitor could well be covered under the visitors renters policy . I am not sure why you would want to sue the homeowner . I suspect that the renter will be able to recover all but her deductible depending upon the property involved and the circumstances .


Input: Can Foreign Nationals Get Medicare?

Output: If you are a resident of the United States and either a citizen or are an alien lawfully admitted for permanent residence who has lived in the US continually for at least 5 years , and if you are age 65 , you can enroll in Part B Medicare and pay a premium for Part A Medicare . Call 1-800-MEDICARE to be sure .


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

Output: If you have life insurance , you will probably have a copy of the policy somewhere . When people purchase life insurance , they get physical evidence that the purchase was made . If you can not find that , you can try asking family members , or calling insurance companies that your family has used in the past .


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

Output: First place to look for coverage may be your group benefit plan at work that may have a minimum auto enrollment . The next place to inquire is your financial planner , who should have this information as part of your financial file . You can also investigate close family relatives to see if coverage was put on your life , perhaps as a child . If you have a safety deposit box or safe , you should open it to review your documents , a good place to store important papers . This is a curious question .


Input: Who Sells Medigap?

Output: There are many insurance companies that offer Medigap or Medicare Supplement policies -LRB- the two are the same -RRB- . It will depend on the state in which you live as far as what companies are approved to sell the plans.AARP United Healthcare offer plans in nearly every State . Mutual of Omaha , Standard Life , Humana , Anthem Blue Cross , and many others . Talk with a local agent who specializes in Medigap insurance to select a plan competitive in your area .


Input: Does Aflac Offer Long Term Care Insurance?

Output: No , Aflac does not offer a traditional Long Term Care Life Insurance product at this time . Aflac does carry a Critical Care and Recovery Insurance policy that would pay a cash benefit to the insured person if they were diagnosed with some serious , life impacting illnesses or health conditions as specified by the policy .


Input: How Much Is Enough Long Term Care Insurance?

Output: You should purchase long term care for your retirement years . The statistics are significant that youll experience a need for assisted living or perhaps nursing home confinement . The average married couple spends $ 250,000 on medical and extended care during their retirement years . Securing long term care is important , especially when youre healthy and heading into your late fifties , early sixties . Most married couples who purchase long term care in their early 60s are opting to purchase the maximum benefit with at least a 3 % inflation rider . The total benefits generally run $ 7,000 a calendar month with max benefits of around $ 400,000 to $ 420,000 for two 60 year old non-smokers on a joint policy .


Input: Can You Get Car Insurance With No License?

Output: Great question on this topic . if you live in the USA its hard to be issued an insurance policy if you do not have a valid driver license . So you can not legally drive if you do not have a driver license so no need to buy auto insurance if you are not authorize to drive .


Input: Why Can't I Buy Health Insurance Out Of State?

Output: Outside of the state by state variance in regulations , health insurance is driven by doctors that sign up to contract with the insurance company to receive payment for services given to their patients . Most insurance companies do n't have the resources to manage networks hundreds of thousands of doctors across the country . All this means that if you live in Texas and buy insurance from a company in Ohio , you wo n't be able to see a doctor that is contracted with the carrier so you wo n't be covered for your doctor visit .


Input: Why Can't I Buy Health Insurance Out Of State?

Output: That 's a great question ! The main reason is that the cost of your coverage is very much based on the providers and services offered in your area . The costs of services in a largely rural state will be much different than those in a heavily populated , more urban state . Most plans are based on using those local service providers , and they get paid accordingly also . Thanks for asking !


Input: Does Citibank Offer Life Insurance?

Output: Citibank may very well offer some form of life insurance through an affiliate company . Possibly credit life or accidental death and dismemberment . Citibank it 's self is not an insurance company and I believe by law they can not operate directly as an insurance company . That said through the use of `` other '' companies , they can offer insurance .


Input: Does Citibank Offer Life Insurance?

Output: Life Insurance is ONLY provided by authorized life insurance companies . Banks like CitiBank and others may have arrangements with one or more insurance companies to make offers to their customers similar to AARP . It 's like they 're endorsing a particular insurance company to their customers . But banks do not sell or provide insurance . Sometimes a bank will provide an offer for a particular guaranteed term insurance policy for a small amount , but again they 're just sending out the offer which is being made by an insurance company .


Input: Is Weight Loss Surgery Covered By Medicare?

Output: Bariatric surgery -LRB- lap band , gastric bypass -RRB- can be a covered expense under Medicare in some situations . If your doctor certifies that you are morbidly obese and other forms of weight loss have not been successful , you may be considered a surgical candidate if you are healthy enough to survive the surgery .


Input: Does Existing Insurance Cover A New Car?

Output: If you have purchased a new vehicle , your current policy coverages will typically extend to the new vehicle . Most carriers require that an insured notify the carrier within seven days of purchase to have the vehicle covered properly from the date of purchase . If you are purchasing a brand new vehicle or a used vehicle from a car lot or dealership , they may require proof of insurance before you drive the vehicle off of the lot .


Input: Does Medicare Cover Doctor Of Osteopathy?

Output: As long as the Doctor of Osteopathy is a provider who accepts Medicare the answer is `` YES '' . Office visitsare covered under Medicare Part B . You can verifuy this information at WEBSITELINK under the `` Doctor and other health care provider '' section.Of course whatever treatment one is seeking must be medically necessary per Medicare standards . There may be other variables depending on any ancillary coverage you might have , such as a Medicare Advantage HMO . Then the Doctor of Osteopathy would heve to be an `` in-network '' provider and accepting new patients to their panel .


Input: Does My Auto Insurance Cover A Rental Truck?

Output: In most cases the answer is yes , you are covered for liability . The rental company covers the truck . Should you be involved in an at-fault accident , your liability coverage would pay first for any bodily injury or property damage related to that accident . If it is a non fault accident then the rental companies insurance will generally pay . Read the terms of your contract with the rental company and know your own policy . If you have questions check with your insurance agent who knows the laws in your state and your specific policy .


Input: How To Purchase Life Insurance For A Parent?

Output: Contact a Insurance company today , and talk to a agent who can answer any Life insurance question you might have . Expert advice is always the best advice . There are plenty of life insurance companies just type it into google and your set.The sooner the better , we never know what can happen in life .


Input: How To Purchase Life Insurance For A Parent?

Output: Children purchase life insurance on their parents to provide funds for final expenses . These policies can not be purchased without the parents consent . If the parents have a single heir that heir should not have any difficulty buying the policy . When there are multiple heirs it would be very important to make sure every other potential heir is aware of what is being done and why .


Input: How To Purchase Life Insurance For A Parent?

Output: The best place to start in purchasing life insurance for a parent is to discuss the idea with them . They will , at a minimum , need to sign the application , so you can not do it without their knowledge . If they apply for a small , simplified issue policy , they will probably need to do a phone interview with the insurance company . If applying for a larger policy , they will need to take a life insurance exam that my include an EKG and questions to test their cognitive function . If they are not willing to participate in the application process in any way , they can get guaranteed issue life insurance -LRB- but will still need to sign the application -RRB- . In this first conversation , you can get an idea of what type of policy to look for by asking them how involved they want to get in the application process . At this time , you should also get a list of their medications and current and past health conditions . Most adult children are unaware of their parents ' complete health history . If your parent does not want to share that with you , they should contact an agent themselves , for their quote . You can find the most competitive rates for your parent at agencies that sell a selection of products . If the policy is going to be under $ 50,000 , there are agencies that specialize in those . The agency may call that type of policy Senior Life , as our agency does . Or they may call it Burial Insurance , Funeral Insurance , or Final Expense Insurance . If you are looking for a larger face amount , contact an agency that is experienced in Senior Life Insurance . If your parent has very serious health issues , Guaranteed Issue may be the way to go . Most companies will allow a child to pay for a policy for their parent . Whether or not you can own the policy will depend on a variety of factors . If you approach the purchase with the preparation explained above , it can be a very easy process and leave your parent feeling fulfilled , rather than frustrated .