Input: Can I File An Auto Insurance Claim Without A Police Report?

Output: You can file an auto insurance claim without a police report , especially if there were no police involved . However , when there are damages and/orcitationsissued , you would always want to file a police report to protect yourself . If you have an accident that is not your fault , without police involvement , the other party couldmysteriouslychange their story .


Input: Who Are Good Home Insurance Companies?

Output: There are many goodhomeowner ` scompanies.Amongsome of the largest and most reputable carriers are Farmers , Allstate , State Farm , USAA , Nationwide and Liberty Mutual . Naturally , rates will be different depending where you live and what type of coverage you have on your home , personal property etc. . . A broker/agent can very quickly gather some information and provide you with a free analysis of the best homeowner 's insurance prices in your area . You may be eligible for some substantial discounts that will reduceyourrate .


Input: Does Disability Insurance Cover Maternity?

Output: Short Term Disability Insurance can cover maternity if you purchase it before you are pregnant . Contact a broker that sells Short Term Disability products to find out the features of the policy and how to qualify for it , as each policy is different and there are different payment options for different birth situations .


Input: Does Disability Insurance Cover Maternity?

Output: Long Term Disability Insurance covers complications of pregnancy and childbirth that require you to be off work for longer than the elimination period on your policy . If you have an elimination period of three months and are put on bed rest for the last month of your pregnancy , then go back to work two months later , your policy would not be of value in that situation . Short Term Disability would work much better , as it pays after a much shorter elimination period . You can choose to have your benefits start after several days or weeks .


Input: What Does Medigap Cost?

Output: Medigap is health insurance sold by private insurance companies . Each insurance company has it 's own set of Medigap premiums . These premiums are usually based on the Medicare recipient 's zip code , age and tobacco status . Cost of your premium will also depend on which Medigap Plan benefits you want to buy . The best way to see how much a Medigap Plan will cost is to work with an independent agent who specializes in Medicare Supplement insurance . In just a matter of minutes , we can provide you with the insurance companies and premiums available in your area -- and , not just with the insurance carriers you see online . Once you have quotes tailored to your criteria , you 'll know exactly how much Medigap insurance will cost . If I can help you with your specific situation , please feel free to contact me .


Input: What Does Dave Ramsey Think About Annuities?

Output: Dave Ramsey does not recommend fixed annuities . He suggests considering variable annuities only if you have all debt paid off , have emergency funds saved up , used up all your tax deferred options , fully understand the variable annuity , and invest in the four types of mutual funds he recommends -LRB- growth , international , growth and income , and aggressive growth -RRB- .


Input: Is Now A Good Time For Annuities?

Output: The are three basic tax deferred annuity crediting methods : interest rate crediting , indice crediting and separate accounts using equity and bond investments : Once you determine your risk tolerance , and time horizon for distributions , you can prepare to purchase one of these types of annuities for income during retirement .


Input: Does Life Insurance Cover Medical Bills?

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


Input: Does Life Insurance Cover Medical Bills?

Output: Life insurance pays a death benefit to the beneficiary named in the policy . The amount is usually income tax free to the beneficiary . The amount can be used by the beneficiary as they choose . In recent years , accelerated benefit riders -LRB- ABR -RRB- have been developed to accelerate , during the final stages of life , some of the death benefit amount in the event the life insured becomes terminally ill . This emerged in response to a need to access cash for the high cost of medical care near the end of life . If available , there is usually no cost to ABR to the policy . Not all life insurance policies have ABRs but many newly issued policies do . Some ABRs also cover chronic illnesses or long term care . The policy owner would need to consult the policy for claim terms , contact their agent or call the life insurance company to learn more .


Input: Can An Auto Insurance Claim Be Canceled?

Output: I 'm not certain of the reasoning behind this question . The carrier would be the only party that would be capable of cancelling a claim after it 's processing had begun , but I suspect that most carriers would only allow this to happen undervery specific circumstances . The insured would be capable of requesting the claim be cancelled , but that would more than likely be all the more influance that they have .


Input: Can An Auto Insurance Claim Be Canceled?

Output: More then likely no , usually it is determined that the claim is warranted prior to it being entered in the first place . I have seen claims canceled in certain situations and that is because of fraud . You may be able to ask them to close the claim , however depending on the claim type they may not .


Input: How Much Does Car Insurance Cost For A Teenage Girl?

Output: It would be unfair to you and the insurance carriers out there to even try to suggest a rate for a teenage girl based on the information provided . Contact a local agent and inform them of your coverage concerns and they can provide you with a no cost quote for the coverage that you are seeking .


Input: How Much Is A Typical Life Insurance Premium?

Output: There really is no such thing as a typical life insurance premium because they vary so much . The price of life insurance depends on your age , your health , your sex , the type of policy you get , and the face amount of the policy . To get an idea of what you might pay for different face amount and types of life insurance policies , there are many online life insurance quote engines to tell you that . If you pick one that gives `` instant '' quotes , you can run many different options without having to talk to an agent . Just make sure that you do talk to someone before applying so you can be put with the best policy for your particular health .


Input: Does Skin Cancer Affect Life Insurance?

Output: Basal cell carcinoma has little to no effect on life insurance rates , especially if it has been frozen or surgically removed by a dermatologist or other doctor . Squamous cell carcinoma will have more effect on life insurance rates , and the treatment must be effective -LRB- a free margin of healthy tissue surrounding where the cancer was -RRB- before a medically underwritten policy will be approved . Melanoma is the most serious form of skin cancer , but can often be covered after a period of a year or more . This is especially true if the melanoma was stage 0 to 2 . A `` flat extra '' might be charged for a set number of years . This extra charge drops off after those years have passed , whether the melanoma recurred or not . For more advanced cases of melanoma , there are some No Exam policies that can be purchased a year or two after the last cancer treatment , or `` guaranteed issue '' policies that have no health requirements but have rather narrow age restrictions .


Input: Does Skin Cancer Affect Life Insurance?

Output: If the skin cancer is single cell skin cancer -LRB- the most common -RRB- it wo n't affect it much if any . But if it is melanoma it is much more serious and will make you uninsurable with most life insurance companies . Melanoma is just as serious as internal cancers such as lung cancer . Many people die from it each year .


Input: What Is The Fee For Not Having Health Insurance?

Output: Under the Affordable Care Act , there is a fine/tax/fee -LRB- whatever you want to call it -RRB- if you do n't have qualifying health insurance . For 2014 , the fine is $ 95/year for each uninsured adult in the household , or 1 % of the household income . The fine increases in future years . For example , in $ 2015 the fine is $ 325/year for each uninsured adult in the household or 2 % of the household income .


Input: How Does A Retirement Plan Work?

Output: How does a retirement plan work ? A retirement plan is something where you systematically contribute towards your future needs in hopefully a tax favorable manner . A retirement plan can be what ever you choose it to be , if your idea is saving for retirement . That said , a person should look at the many tax advantaged options that are out there for their benefit . The big thing however , it does n't matter what you choose if you fail to fund it . The best retirement plans are the ones funded by the participants and/or employers . A passbook savings account with money in it is far better than a 401 -LRB- k -RRB- that was never participated in .


Input: How Does A Retirement Plan Work?

Output: Each one is separate . The `` old fashioned '' defined benefit -LRB- AKA final benefit -RRB- plans mostly only exist in the public domain and unions . Some small professional business entities will use defined benefit . Most retirement plans today are money purchase 401 -LRB- k -RRB- and similar plans that accumulate cash balances to be paid when you reach retirement age .


Input: How Does A Retirement Plan Work?

Output: There are two types of retirement categories : ERISA sanctioned qualified plans and non ERISA , non-qualified plans . ERISA plans like 401 -LRB- k -RRB- , 403 -LRB- b -RRB- , 412 -LRB- i -RRB- allow tax deduction able contributions , tax deferred accumulations and taxable distributions . Non ERISA non-qualified plans have no tax deductibility , but have tax deferred accumulations . The distributions depend on the product line . Annuities gains are taxed as ordinary income and TAMRA compliant permanent life insurance can generate tax free income providing the contract is just in force for the life of the inured .


Input: Does Medigap Cover Physical Therapy?

Output: According to the 2014 Medicare and You handbook distributed by CMS , physical therapy is a limited Medicare approved item . Medicare covers an evaluation and treatment for any injury or disease that changes your ability to function -LRB- provided a doctor approves your need for physical therapy -RRB- . There may be a limit on the amount Medicare will pay for physical therapy services in a single year . Most Medigap Plans will pay the remaining 20 % that Original Medicare does not pay for Medicare approved physical therapy .


Input: Should I Get My Own Disability Insurance?

Output: If you do not have Disability Insurance through your work , it is a good idea to get your own DI policy . Or , if your work policy does not provide as much coverage as you would like , you could purchase a supplementary Disability Insurance policy . Long Term Disability is the type of DI policy most people purchase on their own .


Input: What Are The Two Different Types Of Life Insurance?

Output: Term and permanent life insurance are the two basic types . Term life insurance is for temporary needs where the coverage duration is known and finite . Most term policies are available for periods of up to 30 years and may feature level annual premiums . There is no cash surrender value in most products -LRB- except for return of premium term -RRB- . At older ages , term rapidly becomes cost prohibitive and is generally not available for long durations . Term is a relatively simple product to understand and so affordable , it can fit most any budget . It is ideal in situations such as with young families who have a tight budget and need life insurance for protection for up to 30 years . For business situations , it is frequently used to fund buy-sell agreements to ensure the cash will be available for share purchases in the event of untimely death . For coverage that does not expire before you do , permanent -LRB- cash value -RRB- life insurance is more appropriate . Most term policies feature conversion without evidence of insurability to permanent policies later when they can better afford the premium for lifetime funding and coverage . Permanent life insurance variations - whole life , universal life , etc. - and are designed to provide lifetime death benefit protection that can not be outlived . Cash values build over time which help make the premium you pay level over the life of the policy .


Input: What Do I Need To Get Home Insurance?

Output: The most probable scenario on why you absolutely need home insurance is that your mortgage company requires it . They want to ensure they get their money back in the event of a loss . If you are in a position to where your home is paid off then that is another story . However , by not carrying home insurance you are subjecting yourself tounnecessary risk . Your home insurance not only provides coverage for that home which you worked so hard to pay off , but also provides protection against liability . Meaning when the neighbors kid breaks his arm playing on yourswing-set and his parents want to sue you . Without home insurance , the neighbors may be the proud new owners of your home !


Input: What Does Face Amount Mean On Life Insurance?

Output: The face amount means the amount of money that will be paid to the beneficiary when the insured person passes away , or when the policy matures . In term life insurance , the face amount is the amount of life insurance that was purchased .


Input: What Does Face Amount Mean On Life Insurance?

Output: The face amount of a life insurance policy is the death benefit the beneficiaries will receive upon the demise of the policy insured . The death benefit can also increase depending on the type of permanent life insurance policy you purchase .


Input: What Does Face Amount Mean On Life Insurance?

Output: The `` face amount '' of a life insurance policy is the original specified death benefit that you purchased at the time you applied for the coverage . This is the amount that will be paid to your beneficiary at the time of your death . If you have some form of permanent Life Insurance -LRB- Whole Life , Universal Life , Variable Universal or the like -RRB- and have borrowed from the accumulated cash value of the policy , then any outstanding loan balance would be subtracted from the face amount and the balance then paid to your beneficiary .


Input: What Is The Best Medicare Supplement Insurance In Oklahoma?

Output: The best Medicare supplement plan in Oklahoma is the one that meets your needs and budget . Medigap plan F is the most popular plan , but you should consider all options rather than just picking based on popularity . Understand that all Medicare supplement plans with the same letter are identical in every way except price .


Input: Can A Disabled Person Get Medicare?

Output: Yes . If you are under 65 and after you get disability benefits for 24 months from Social Security you will be automatically enrolled in Medicare Part A & B . You can also get a Medicare Supplement or Medicare Advantage plan at that time . Keep in mind you will get one other Open Enrollment period when you turn 65 . This is important because you can switch to a different Medicare Supplement effective the 1st day of the month you turn 65 . There is no underwriting for this one time period so any disability you have will not be a factor in getting a Medicare Supplement plan .


Input: How Much Does It Cost To Add A Second Driver To Car Insurance?

Output: The cost of adding another vehicle to you current policy is going to depend on many factors . What type/levels of coverage are you looking for on the other the vehicle ? How many drivers are in the household ? Also the normal factors that come into play when first getting coverage from a carrier . Call your current agent to find out the rate for adding an additional vehicle to your current policy .


Input: Can Life Insurance Be Garnished For Child Support?

Output: Generally speaking , if the life insurance policy had a person named as Beneficiary , and the Insured person passed away , the benefits from that policy should go to the Beneficiary and be safe from garnishment for child support -LRB- if the garnishment was against the Insured -RRB- . If the Beneficiary stated in the policy is the estate , then the life insurance could be garnished for child support owed by the deceased . If the child support is owed by the Beneficiary , rules regarding wage garnishments against the Beneficiary of the life insurance proceeds vary by state . If you owe child support and are the Beneficiary of a life insurance policy in which the Insured passed away , there has to be a judgement made against you . Then , it varies by state whether any of the life insurance proceeds can be taken away from you for child support payment . You should contact legal counsel for the answer to this question .


Input: How Much Does Renters Insurance Generally Cost?

Output: There are several factors that govern the cost of renters insurance . The cost is based on the value of your contents , construction of your residence , type of dwelling -LRB- house versus apartment versus mobilehome -RRB- , and location . When you weigh the cost of NOT having insurance on your contents if something were to happen , , , , , it 's a small price to pay . And do n't forget that most DECENT policies will pay to put you up in a hotel if something should happen to the residence you are renting that caused the residence to be uninhabitable ... that portion is called Additional Living Expense .


Input: Does Medicare Automatically Bill Secondary Insurance?

Output: Your doctor or other medical provider does NOT bill your Medicare supplement carrier . All claims are electronically filed directly with Medicare . Medicare reviews and adjudicates the claim , then passes on the claim to your Medicare supplement carrier that is on record . This is all part of the crossover process where the claim moves from Medicare to your supplement carrier . WEBSITELINK Your supplement carrier does not adjudicate claims and can not deny any claim approved by Medicare .


Input: Does Medicare Automatically Bill Secondary Insurance?

Output: Medicare does n't bill insurance at all . If you have secondary insurance your doctor should bill both Medicare and your secondary insurance . If he does n't then you need to send the bills to the insurance company yourself , but most doctors and hospitals will handle that , you should n't have to . Most are happy to do so since it helps them get paid faster .


Input: Can I Buy Car Insurance For Just One Month?

Output: You can buy car insurance for one month . You can buy coverage for three months , six months or most other time periods . When you bu a policy , you will be required to pay a premium , which may be up to 33 % of the 6-month policy charge . After one month , you can request to terminate the policy .


Input: What Is A Premium In Health Insurance?

Output: A premium is the amount you pay to the insurance company -LRB- generally on a monthly basis - depending on the kind of insurance , you may desire to pay quarterly , semi-annually , or annually -RRB- in exchange for coverage under a given policy . When a certain type of claim is made , the insurance company is going to pay the claim instead of you up to the defined amounts as stated inside the policy - for health insurance , the policy may only state the carrier is going to cover a percentage of the claim and you would pay the difference .


Input: What Kind Of Renters Insurance Should I Get?

Output: I am not certain what your intent of the word `` kind '' is . In my experience there is only one type of renters insurance policy and then there are additional endorsements and coverage levels available for the policy . A carrier may create a package of specific coverage levels and endorsements and give that a name but the same coverage would more than likely be available through another carrier just not sold as a package .


Input: How Do Retirement Plans Minimize Taxes?

Output: This really depends on the retirement plan , and not all retirement plans necessarily minimize taxes . Most plans that used what is colloquially referred to as `` qualified '' money , which means money that is deducted from income for income tax purposes in the year the money is placed into the plan will reduce your taxable income for that year . Many accountants and financial advisers will suggest you do this to save taxes in that given year . Whether or not this ultimately saves you any money in taxes long term depends on your taxable income once you retire and begin to take the money out of the plan , at which point in time it must be recognized as income and taxes will be due .


Input: How To Start A Life Insurance Business?

Output: This is a pretty big and a bit vague . I will assume you are talking about becoming an agent or broker marketing life insurance . When I have brokers who connect to me from just passing their licensing exams , the only focus is how to begin marketing . Let 's face it , if you have no one to market to , then you are out of business before you start . Many agencies will talk to you about what I refer to as your Project 100 . This is all the people you personally have connections to such as your family -LRB- parents , brothers , sisters , aunts , uncles , grandparents and on and on -RRB- , then your doctor , dentist , neighbors and on and on . These people are good to perhaps get some practicing in but what happens after you talk to all of them ? Many agents end up leaving this profession after they have exhausted your Project 100 because you have not learned how to market to others . What niche are you going to focus on , etc. . Put together a business plan , find a mentor who can help you with objections , marketing ideas , advanced sales which life insurance can be used for and identify your market . Now you are off to a good start . I hope this is what you are looking for with your question .


Input: How To Start A Life Insurance Business?

Output: How to start a life insurance business , step 1 is to get a license . Then you have to market yourself . There are various types of life insurance , term , whole life , univeral life . Different markets to work in , final expense , mortgage protection , key man . You need to be in front of someone everyday ! If your not submitting apps , your out of business . Find a way to generate leads , you need to sift and sort from who is serious and who is tire kicking . Direct mail houses , telemarketing companies . It 's good to start with a niche then go from there !


Input: How To Start A Life Insurance Business?

Output: Matt 's tips are great for starting a face to face , or brick and mortar , life insurance business . My business is mostly online . If you input `` How to Bowl a Strike Life Insurance '' into a search engine , you will find a copyrighted article I wrote with tips on how to start an online life insurance business . Best wishes .


Input: Does Health Insurance Cover International Travel?

Output: Some health insurance policies will cover out of country , international travel medical expenses . You need to understand there are no networks once you leave the country and your policy may be treated as a reimbursement plan . If is always wise to purchase an international travel medical plan to cover items not included in your current health insurance plan . Med evac and translation of medical records are two examples .


Input: What Is A Good Affordable Car Insurance?

Output: Independent insurance agencies in your area will get you comparison quotes , usually from some of the strongest carriers doing business locally . If you are an AAA Auto Club member , they would like to talk to you about your auto insurance needs . For those with military backgrounds and direct connections , USAA is viable along with several other Armed Forces sources for insurance . A simple search will provide contacts for these and many other options for auto insurance to fit your specific financial and coverage needs .


Input: What Is A Good Affordable Car Insurance?

Output: No one company fits all needs so my suggestion is to contact your local independent insurance agent . An independent agent can shop quotes with many different insurance providers and help you find the right coverage 's at the right premium to fit your specific needs . This way you are less likely to over pay and be under insured .


Input: How Much Is Home Insurance On A Condo?

Output: Condo insurance is an individualized product , which means that the rates will vary from insured to insured based on the many factors that go into determining the rate . Some of the factors that the rate is based on are : the reconstruction valuation of the premise , the geographic location of the premise , the coverages desired , and many more . Contact a local agent to discuss the coverage available and pricing .


Input: Who Would Need The Greatest Amount Of Life Insurance?

Output: The amount of life insurance needed is really only limited by the income and assets being protected , insurability and the capacity to pay premiums . The maximum coverage most insurers will consider for someone under age 45 will be 25 times earned income . The earned income multiples grade down as you age . At older ages , net worth plays a bigger role in establishing maximum coverage . As for who would `` need '' the most , consider that ultra high net worth individuals will continue to buy life insurance for estate planning purposes as their wealth grows to deal with estate liquidity issues . At some point , insurer retention limits and reinsurance capacity limits are reached such that the theoretical limit of US life insurance coverage on an eligible life is about $ 250 million .


Input: Who Would Need The Greatest Amount Of Life Insurance?

Output: Those who need the greatest amount of life insurance are those who would have the greatest losses , numerically speaking , if they passed . Persons with very high incomes would need a very high amount of life insurance to replace their income in the event of their deaths . Owners of a highly valued business could purchase a very large policy to buy out the share of another owner who passes . A son could take out life insurance on his father so that he is able to purchase his father 's ranch when his father passes . Of course , needing a great amount of life insurance does not make the need any more important than for those who need lesser amounts . Sometimes $ 10,000 can mean as much to one beneficiary as $ 1,000,000 can mean to another .


Input: Who Would Need The Greatest Amount Of Life Insurance?

Output: This is a great question . The amount of insurance that a person needs is completely up to them . I have clients that want a low amount of coverage just to assure that they are buried properly and then I have clients that want half a million or more to assure that the house and cars are paid off and that the children are taken care of in the event of their death .


Input: Does USAA Have Good Life Insurance?

Output: Good morning . I am a benefits consultant focusing on medical and also sell Life insurance . I have been with USAA for 40 + years and have purchased their life insurance policies . The return is quite good and the service is very good . This applies to both their term and permanent policies .


Input: Does USAA Have Good Life Insurance?

Output: USAA is an excellent carrier with a long and storied past . Their support for our armed services personnel and their families is without equal . USAA -LRB- United Services Automobile Association -RRB- is a Texas based insurance carrier founded in 1922 to serve the financial needs of past and present members of our armed forces . In some situations , the USAA policies are quite competitive and in other areas you can find a better value .


Input: Does USAA Have Good Life Insurance?

Output: USAA is rated A + + by AM Best -LRB- highest of 16 possible ratings -RRB- , Aaa by Moody 's -LRB- highest of 21 possible ratings -RRB- and AA + by Standard & Poor 's -LRB- second highest of 21 possible ratings -RRB- . In regard to life insurance products , they carry several types of products . Between their strong financial strength and variety in products , it could well be said that USAA has good life insurance .


Input: Will I Get Medicare At Age 65?

Output: In order to qualify for Medicare Part A and B at65 you will need to have worked at least 40 quarters in the united states . If you do not have the full 40 quarters of active employment then you may be able to buy into Part A and Part B for an additional monthly premium . The additional monthly premium you may be required to pay will vary depending on how many years of active employment you have had in the United States . If you have worked the full 40 quarters or 10 years then you should have no problem qualifying for Medicare Part A and B at 65 . If you are concerned I recommend that you call medicare directly to find out where you stand . The number is 1-800-MEDICARE If you would like to shop and compare medicare supplement Plans please visit www.TheMedigapMarket.com


Input: What Is The Average Price For Home Insurance?

Output: A homeowners policy is usually written to cover the cost of reconstructing the house . The price for the policy will be as varied as the prices for houses . The location of the house is also important . Similar homes built on the cliffs above the ocean pay a different price from those located where the danger is less obvious . Companies offer discounts which also affect the price . There just isnt a standard price .


Input: What Happens If I Drive A Car Without Insurance?

Output: In Montana you are required to have at least 25,000 / 50,000 / 10,000 liability limits unless you can self insure . The average fine for the 1st offence is $ 285 then it increases from there . You can loose your license and also face jail time after so many violation . Insurance is there to protect you and others in the event of an accident to cover medical bills and the loss of damage to others Property . Medical payments on an auto policy is for you also in case you are hurt or die in your accident it helps cover the funeral expense . Insurance rates can be as little as $ 30 a month which is less then a no insurance ticket and it protects you and your assets .


Input: What Happens If I Drive A Car Without Insurance?

Output: In States that require Liability Insurance you can lose your license . In addition most companies will charge a higher rate for being without insurance . This law is a protection for both you and the other individual that may be involved in an accident that was your fault . The other individual can receive the medical treatment he needs and have his auto restored , you are protected from going through a lengthy lawsuit and having your wage garnished .


Input: How Long Does Health Insurance Application Take?

Output: Completing a health insurance application could take as little as 10 minutes or much longer , depending on the type of coverage you are applying for , the size of your family , if you must use the government website , and if you know exactly which plan to purchase . To save time and money , a broker -LRB- they 're free -RRB- will simplify the process and ensure you are getting the best plan for the least amount of cost . LIVE answer provided by : Ed Harris - Premier health insurance broker since 1980 and owner of several top-rated websites that provide the lowest available rates .


Input: How Do Insurance Companies Estimate Car Damage?

Output: I can not speak for all insurance companies , but in my experience insurance companies will do either one of two things . 1 -RRB- Accept the estimate prepared by the mechanic . 2 -RRB- Send an insurance adjuster to look at the damaged vehicle to prepare an estimate . The estimate is based on cost of labor and parts .


Input: Can You Go To Jail For Not Having Car Insurance?

Output: It depends upon the state . I can only speak to Michigan laws , and the answer is maybe . In Michigan , if you are driving without proof of no-fault insurance , then you can receive a ticket in the amount of $ 200 to $ 500 and up to 3 points on your license . The reason I say this might lead to jail time is if you have prior points on your license due to not having no fault insurance . Getting pulled over and cited again for the same violation could land you in court and earn you some jail time depending upon the judge 's ruling . I know that is wishy-washy but there is no direct jail time associated with no insurance in Michigan . In summary , talk to a lawyer about it .


Input: Will My Health Insurance Cover Me In A Motorcycle Accident?

Output: Yes . Your health insurance plan will cover regardless of how an injury or illness is caused . Please feel free to contact me for help if you need assistance with your health insurance plan or if you have any other questions . I hope the information is helpful - thanks very much .


Input: How Much Is Medicare Donut Hole?

Output: Medicare does not have a donut hole . Perhaps you are thinking of Medicare Part D , the private prescription drug plan . In 2013 the Part D donut hole is $ 2970 . Under Obamacare the donut hole will gradually close a little each year until 2020 when the hole will close completely . Of course there is a cost associated with transferring donut hole risk to the carrier . Medicare Part D premiums will rise , copay 's will rise and drug tiers will shift resulting in higher out of pocket costs for those who use a lot of medications , especially if those drugs are higher priced .


Input: How Much Is Health Insurance For A 21 Year Old?

Output: House insurance rates for a 21-year old are typically low . AS a health insurance broker with 33 years of experience , I 'll provide a short accurate and direct answer . Prices depend on many factors , including your zip code , smoking status and type of plan . Your income will also impact the amount of subsidy . Utilizing an experienced broker will allow you to quickly view the lowest rates and easily enroll for coverage .


Input: How Much Is Health Insurance For A 21 Year Old?

Output: The average cost in the country for a health insurance plan -LRB- overall -RRB- is estimated to be about $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to an individual as compared to the overall group . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Whether you are covered under an individual health plan or group coverage will influence what you 're paying . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age and zip codes are big factors as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . I always recommend consulting with an experienced broker regarding your personal health coverage . We can work with you to look at a wide range of options from many of the top carriers in the industry and find the plan that 's going to be best suitable for your needs . Please let me know if I can be of further assistance . Thanks very much .


Input: When Was Disability Insurance Created?

Output: In the late 19th century `` accident insurance '' became available , but it did not operate like our current `` accidental death insurance '' . Instead , it operated more like our disability insurance does today . Mutual of Omaha was founded in 1909 and their first policy sold was Disability Insurance . So it is safe to say that Disability Insurance was created over 100 years ago , although I do not know the exact date .


Input: Term Or Whole Life Insurance Which Is Best?

Output: That is a great question ! Both of these types of policies have things that make them good choices . But they also have features that may not make them the best choice . That will depend upon your need . A term policy will be better for covering a short term need , or if money is very tight . A whole life policy is better if you want long term coverage , and want the option of having cash available should you need it . If you would like to find out which one might be a better fit , please contact me , and I 'll help you figure it out . Thanks for asking !


Input: Term Or Whole Life Insurance Which Is Best?

Output: Neither is ` best ' in terms of comparing one against the other . What you need to look at is what you are going to count on this insurance plan for and why you need it . Term insurance is better for covering large amounts for shorter periods of time , such as putting a policy in place to ensure your children -LRB- or grandchildren -RRB- will have money for college should something happen to you prior to them completing college . Or you could set up a policy that would pay off your mortgage and/or other debts so you do n't leave those behind in the event something happens prior to them being paid off . Whole Life insurance is better for establishing long term wealth accumulation . Here 's an example of the way I set up one of my customers . Since it is possible to have multiple policies , we set up a 10 year term policy listingtheir children as beneficiaries to guarantee they have money for college . We also calculated how much income they would potentially earn during that 10 year period and included that amount so their spouse was n't left without income . Then we set upa 20 year term policy equal to the amount of theirhome mortgage so that would be paid off and calculated who much income they would earn during this next 10 year period.Finally , we establisheda whole life policy witha small face valueto help establishan estate for theirheirs . Since the whole life policy pays out the face value or the cash value , whichever is higher , the ` death benefit ' of the whole life policy increased as time went on . We also established that when the 10 year policy expired , if their income level permitted , they would continue making those monthly payments , but they would add that to the Whole Life policy . Doing this dramatically increased the cash accumulation of that policy after the 10 year mark . So my recommendation for you is to meet with a qualified insurance agent or financial planner to establish the right scenario for you and your family .


Input: Term Or Whole Life Insurance Which Is Best?

Output: This question is perhaps the most asked of agents , but can not be answered with a `` yes '' or `` no '' because they are 2 different types of policies designed to work with different objectives . Specifically , term insurance is designed to stay in effect for a specific period of time at level premiums . Depending upon age and health , term coverage can be a very low cost way of protecting against a premature death . Permanent insurance can also be designed with level premiums , but is usually more expensive because the death benefit will always be paid no matter when the insured dies . There are many reasons to purchase coverage , but rather that trying to decide what is best for you , talk to an independent agent that can help you meet your objective . That 's the most important thing you can do .


Input: Can I Get Auto Insurance With No Car?

Output: Yes , there is a policy that is called a non-owned auto policy . This type of policy will only provide liability coverage not physical damage coverage . This means that the policy will typically provide coverage when you are involved in an accident and you are deemed responsible for the damage caused . It will typically not however cover any physical damage to the vehicle that you are driving .


Input: Can I Get Auto Insurance With No Car?

Output: There are many people who need auto insurance but do not own a car . Many people drive a company car most of the time but need to rent a car for a short period of time . Others do not live in the USA and need to drive a rental car when they return . The first place they can buy insurance is from the rental company . They will provide a full range of coverages . As an alternative the driver can carry a non-owned auto policy .


Input: Can You Make Money Selling Annuities?

Output: Yes , you can make money selling annuities , just as you can make money selling any insurance product . The sale of annuities pays a commission that is a percent of the premium that is paid for the purchase of the annuity . Whether you come out ahead depends on your costs of doing business .


Input: Does Medicare Have To Be Primary?

Output: Medicare sets the rules on who pays first -LRB- who is primary -RRB- so you really do n't get a choice . If you are covered under an employer group health insurance plan , and the company has fewer than 20 employees , then Medicare is primary , your group health plan is secondary . But if there are 20 + employees the group plan is primary .


Input: Where To Report Group Term Life Insurance On 1040?

Output: If you are filing a 1040 tax form as an employee you do not have to add it to your taxes . On group life insurance that the employer is paying on your behalf is tax free on premiums of the first 50,000 face amount . Any excess premiums paid by your employer is included in your income on your W2 . If your employer uses a 125 plan or cafeteria plan as they are commonly known , you are probably avoiding taxation through it as well . Again you need not do anything on your form 1040 . If youare the owner or employer of the company yourgroup life insurance premiums are not tax deductible just youremployees.It willnotbeaddedto your 1040 nor can it be deducted on your schedule C either .


Input: Where To Report Group Term Life Insurance On 1040?

Output: That is a great question ! Fortunately , if your coverage is less than $ 50,000 , you do not have to do anything . If your coverage is more than that , whatever premium expense will have been included as wages earned on your W-2 , and again you do not have to do anything . You can look on the back of your W-2 copies , on one of them it will explain , or you can go to WEBSITELINK for more details . Thanks for asking !


Input: How Long Does Auto Insurance Have To Pay A Claim?

Output: While all insurance companies strive to pay in a timely manner there are several factors that can drag out payment . First would bedeterminingliability or who is at fault . If both insurance companies are defending their own insured this maydelaypaying out to the other party although your own insurance company should pay outminusyour deductible for physical damage regardless of fault if you carry physicaldamagecoverage for your ownvehicle If the issue is bodily injury payouts can me much slower if the injured party does not wish to settle . This can drag out payments for medical bills and futuremedicalrelated issues for some time . I have seen these go for yearsunfortunately .


Input: What Will Homeowners Insurance Cover?

Output: Homeowners Insurance primarily covers damage due to fire and other covered perils to the primary residence of the titled owner of the dwelling insured . Homeowners Insurance is defined as an insurance contract to protect owner occupied dwellings . For homes that are tenant occupied , a Landlords or Dwelling Fire policy would be needed . Homeowners Insurance will cover the dwelling -LRB- house -RRB- , other structures -LRB- garage , gazebo , guesthouse -RRB- , personal property -LRB- furniture , appliances -RRB- , loss of use -LRB- additional living expenses -RRB- , guest medical payments , and personal liability -LRB- for family residents -RRB- . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Who Can Perform A Medicare Annual Wellness Visit?

Output: A Medicare annual wellness visit can be performed by a physician -LRB- doctor of medicine or osteopathy -RRB- , physician assistant , nurse practitioner , clinical nurse specialist , or other medical professional such as a registered dietitian . When performed by one of those professionals , the annual wellness visit will be paid by Medicare Part B.


Input: How Much Home Insurance Do We Need?

Output: It varies by state . In California you are only required to carry the amount of coverage needed to rebuild your dwelling -LRB- home -RRB- not what a lender requires . In California home values are often much higher then the actual construction costs of a home so meeting a lender requirement can mean over insurance you home in many cases . Of course this depends on the market you are living in .


Input: How Much Home Insurance Do We Need?

Output: -- > Normal 0 You may first want to ask yourself the question , why am I buying homeowners insurance in the first place ? The most common answer is , should my home be damaged or destroyed , Id like to have enough money to fix or replace it . So that is a good place to start . How much will it cost to rebuild your home should it be damaged or destroyed ? Its not an easy number to come up with but there are free tools available on the Internet to assist you with this effort -LRB- Google-Residential Replacement Cost Calculators -RRB- . Insurance companies normally do their own replacement cost estimates and will suggest or require certain minimum limits for specific types of coverage . Your lender , if you have one , may also have coverage requirements so your ultimate decision will be a combination of these factors . Just remember , you are the one buying the coverage and paying the premium . Make sure your needs and expectations are considered . The actual cost to rebuild your home will vary depending on local conditions following your loss . Hurricanes , tornadoes , wild fires and the like cause devastation to entire areas . Contractors , labor and materials may not be available at normal costs . Many insurance companies offer policies , which base the amount of insurance on normal building costs , but automatically increase the limit to whatever you need to rebuild your home should costs change dramatically following your claim . This feature is commonly referred to as Guaranteed Dwelling Replacement Cost , make sure to consider this feature if it is available . Separate additional amounts of insurance will be included for your personal property , other non-business structures on your property and additional living expense . These limits are functions of the amount you carry on your home , normally they are more than adequate but make sure you are comfortable with them as they can be increased if necessary . The other major part of the policy will be your personal liability limit . That limit should be consistent with the liability limits you carry on your auto -LRB- s -RRB- and not less than $ 300,000 . If your net worth exceeds $ 300,000 , you may wish to consider Personal Umbrella coverage . Personal umbrellas are considered a less expensive way to purchase high liability limits . In addition , they usually provide broader coverage and do not have as many exclusions or limitations as basic liability policies .


Input: How Much Home Insurance Do We Need?

Output: The amount of protection is normally a requirement of the lender and the insurance company . The lender will ask for enough coverage to have the house restored in the event of a loss . The insurance company will want the house insured for the cost of replacing the house . This generally establishes the Coverage A limit -LRB- Residence . -RRB- Coverage B -LRB- related structures -RRB- and coverage C -LRB- Personal property -RRB- are normally a percentage of Coverage A . This can be modified . Liability limits are usually your choice . This could be the most important part of the policy as a lawsuit can bankrupt you . Establish a relationship with a good agent , and they will guide you through the process .


Input: How Does An IRA Retirement Plan Work?

Output: An individual IRA retirement plan is a qualified defined contribution under ERISA , the Employee Retirement Income Security Act of 1974 . The plan allows tax deductible contributions up to $ 5,500 for 2013 and an addition $ 1,000 under the catch up provision for those over age 50 . An IRA accumulates tax deferred and upon distributions is taxable as ordinary income . Keep in mind that distributions before age 59 will also be subject to a 10 % penalty .


Input: Why Roll Over 401K To Roth IRA?

Output: That is a great question . Rolling over a traditional tax qualified 401K account to a Roth IRA would generate taxes and penalties so the benefit would certainly not be the tax savings , now would it ? A 401K converion transfer is called a Roth Conversion . There is a conversion option that might work and we call it a `` backdoor Roth IRA '' and it might provide some advantages but will require several steps and tax computations and may not be appropriate for you based on the information provided . Your best answer would be to consult with a local agency to learn more about how this conversion tactics might benefit you in a Roth IRA .


Input: Why Roll Over 401K To Roth IRA?

Output: Why roll over a 401k into a Roth IRA ? Well I ca n't honestly think of a good answer to do this . In order to do this transfer , if you qualify for a Roth in the first place , would require you to cash out your 401k and combined with your current income , might place you in a higher tax bracket , as well as the extra 10 % penalty for early redemption , and possible redemption fees from the 401k as well . So you might be looking at a `` loss '' of anywhere from 35-45 % of the value of your 401k just from taxes and early redemption penalties . What you would have to figure is how many years would it take you to get back to even ? That would include this loss and the loss of gain years spent getting back to even . How about if you qualify , owning both ? Use new money for your Roth . Yes , it will be taxed , but it wo n't be taxed , penalized and require years to recover the market loss . Have both .


Input: Why Roll Over 401K To Roth IRA?

Output: The question about a Roth IRA conversion has to do with taxes . If you are currently in a low marginal tax bracket and anticipate being in a higher bracket soon , then a conversion is something to discuss with a Retirement Income Certified Professional -LRB- RICP -RRB- The benefit would be that you can withdraw money from a Roth IRA free of income tax after the plan has been held for five years and you are over 59.5 years old , disabled , or making a first time home purchase .


Input: How Does One Qualify For Disability Insurance?

Output: The first thing you need in order to qualify for Disability Insurance is an income . Unfortunately , DI does not cover people who are not bringing in an actual paycheck , even if they are working at home or for a contributing their labor to a charity . Secondly , you need to qualify medically . Disability policies sometimes exclude pre-existing conditions so that you can get the policy even if you have a health condition . Other policies will cover those health conditions , and some will decline if certain health conditions are present . Finally , you need to be at an occupation that is able to be covered . You may be unable to get Disability Insurance if you work in a very dangerous occupation . A Disability Insurance broker that carries several different companies can help match you with the best policy for which you do qualify .


Input: How Does One Qualify For Disability Insurance?

Output: To qualify for Disability Insurance , one must fill out an application and take a free insurance exam . The applicant 's health must be fairly good , and the occupation can not be extremely risky -LRB- although there are stipulations on policies to deal with most occupations -RRB- . The person applying for Disability Insurance must have an income . These factors all together qualify the applicant for Disability Insurance .


Input: How Does One Qualify For Disability Insurance?

Output: Disability insurance underwriting differs from life and health insurance underwriting . There are a few additional factors the insurance company will consider . Besides needing to have good health the underwriters will want to know about your occupation . They will ask for proof of income , time on the job , time in the profession and the risk factors of the job . They use a 5 tiered rating system based on risk . A computer programmer is less of a risk than a bomb squad member . All of the health and occupation factors are carefully considered in determining the premium . I recommend using a trusted disability insurance broker and apply to a few companies to get the best rateavailable for your risk factors .


Input: How Does One Qualify For Disability Insurance?

Output: There are many qualifying factors to purchase an individual disability policy . The underwriting company will need the following information . Your age , build , health status , life style , state of residence , occupation , length of employment , income and net worth . You will need to take a paramed exam with most carriers for monthly benefits that exceed $ 2,500 per month . However , there are small little indemnity type short term plans that have very low benefits and easier to qualify for . Be sure your plan protects your financial goals .


Input: Does Car Insurance Cover Earthquake Damage?

Output: I do not believe that earthquake damage is covered under an auto insurance policy . Earth movement is typically excluded from homeowners policies . Please read your policy completely to understand the coverage provided and any exclusions that there may be within the policy or contact your local agent to have them go over the policy with you .


Input: Can I Drive My New Car Home Without Insurance?

Output: Consult with state law to make sure that is permissible . Your lender will take a dim view of your driving an uninsured vehicle . Normally they require insurance to protect their interests in their collateral . If you can pay the injured and repair the damage to all the vehicles in a collision then you probably dont need auto insurance . Oh did I mention that everyone involved can sue you into bankruptcy .


Input: Can I Drive My New Car Home Without Insurance?

Output: That is a great question ! It is never a good idea to drive anything anywhere without it being covered by insurance . The liability of having to pay for everything out of pocket if God forbid something bad were to happen alone should be enough to persuade you not to . The best thing to do is to contact your agent with the car 's VIN , and the dealer info , and have them issue you a temporary policy so that you can get it off the lot , and then get a real policy established -LRB- if they ca n't just do that for you on the spot -RRB- I hope that helps , thanks for asking !


Input: Why Change Ownership Of A Life Insurance Policy?

Output: Ownership of a life insurance policy is generally changed for estate tax purposes so the proceeds are not included in the calculation of the estate . This is commonly seen in placing the policy in an ILIT -LRB- irrevocable life insurance trust - the trust becomes the owner and beneficiary of the policy , controlling how the proceeds are distributed -RRB- . Ownership may also change because the owner passed away -LRB- if the owner is not the insured on the policy -RRB- .


Input: Why Change Ownership Of A Life Insurance Policy?

Output: Some people change ownership of a life insurance policy because they do not want it included in their estate for tax purposes . Another reason to change ownership if because the owner has developed dementia , Alzheimer 's , or a mental or physical illness that makes it difficult or impossible to handle that role in a responsible fashion . If someone takes over payment of a policy , that is another reason that someone might change ownership of a life insurance policy to themselves .


Input: Why Change Ownership Of A Life Insurance Policy?

Output: Another reason that some change the ownership of their policy is to move ownership to a living trust . Care should be taken to make sure that the change of ownership doesnt trigger an unexpected taxable event . Get professional advice before any change .


Input: Why Change Ownership Of A Life Insurance Policy?

Output: Great question ! There are several reasons why you might want the ownership transferred . As those fine folks mentioned , tax considerations are a good reason ; The inability to manage the affairs due to declining mental health or the death of the owner is another . Another very common reason is the transferring of ownership from the parent , to the insured child once they are in a position to assume that ownership . In my case , I purchased policies for my kids when they were little -LRB- if you have kids , do it as soon as possible also , and save yourself and them a ton of money over their life -RRB- and will transfer the ownership to them when they are capable of assuming the payments . If you have further questions , I 'm happy to help , just contact me . Thanks for asking !


Input: Should I Get Insurance When I Rent A Car?

Output: I would recommend it as while your auto insurance may cover some of the damage to the rental car , it typically will not cover all of it . And then there is the loss of use issue for the rental company and the income lost by the rental company while the vehicle is being repaired . The insurance that the rental company offers will normally provide coverage for the things that your auto coverage would not . Every policy is different so please read your policy completely to know what is covered and what is excluded or contact your local agent to have them go over the policy with you .


Input: Why Is Life Insurance So Expensive In Tennessee?

Output: Prices on life insurance are based on the type of product the health , and age of the insured . Products in Tennessee are no more expensive than they are in any state . If you are finding that life insurance seems too expensive , you should seek out quotes from another source so you can compare rates and determine if what you 've been looking at is correct .


Input: Why Is Life Insurance So Expensive In Tennessee?

Output: The cost of life insurance in Tennessee , as in the other 49 states in the US , is based on factors such as health , age , gender , weight , and tobacco use . Life insurance is also more expensive when the premium is locked in for a longer period of time . However , if you choose the cheaper route and purchase a 10 year term policy , you will find yourself shopping again in 10 years , and now at an older age and possibly not as healthy as you were before.So purchasing a longer policy from the start may be worth the money .


Input: At What Age Can You Get Life Insurance?

Output: Life insurance companies may insure individuals from 15 days old to age 90 . The key things to know for the coverage is how much , for what purpose and for how long ? Once those things are established , there are ways to pay for it and make it fit into most budgets .


Input: At What Age Can You Get Life Insurance?

Output: I 've personally written life insurance on a toddler and a 93 year old , so there is a policy available for everyone through age 100 -LRB- I do n't know of availability past 100 -RRB- . Two main considerations are the insurance company and the type of life insurance . Each company has different options .


Input: At What Age Can You Get Life Insurance?

Output: There are several life insurance companies that issue policies as young as a new born for both term and permanent coverage . Parents , or other legal care givers , will have to justify the coverage , and with most life insurance companies , require life insurance on the parent -LRB- s -RRB- . Some states may have restrictions on issue ages and/or nicotine use at age 16 . Issue ages may vary based on underwriting classification as well . Traditional insurance companies issue from age 15 to age 90 .


Input: At What Age Can You Get Life Insurance?

Output: You can get life insurance at any age between 15 days old and 90 years old . If you have a health condition that makes you ineligible for most life insurance -LRB- e.g. using oxygen or on dialysis -RRB- , you may need to wait until you are age 40-50 to get a guaranteed issue policy .


Input: At What Age Can You Get Life Insurance?

Output: At what age can you get life insurance ? Usually `` you '' can purchase life insurance from the age of 18 on . Life insurance is considered a contract and in order to have a binding contract both parties must be of legal age . An insurance company can not contract with a 10 year old or a 15 year old legally . So how did my kids get life insurance before age ten ? Because I `` own '' the policies as their parent . I had an insurable interest to insure my kids and I went into a contract with an insurance carrier . My kids are simply the insured and because at the time of purchase they were not of age to be party to a legal contract , they can only be the insured until 18 and I could sign over ownership at that point in time .


Input: What Are The Main Characteristics Of Long-Term Disability Insurance?

Output: What are the main characteristics of long term disability insurance ? I am guessing that you mean features to look for in long term disability insurance ? First ! the definition of disability must be short and sweet , unable to do the material duties of your current occupation . For long term , this must not ever change . No , after 2 years the definition means ... . I mention short and sweetbecause I have found the longer it take them to spell this out the more probable they will change things down the road . Lots of words in a definition of disability section usually are n't in the insureds favor . Second . A good COLA rider . If you are concerned about a long period of disability like years and possibly decades , a payout that works for year one , is woefully short for year 20 . A Cost Of Living Adjustment that keeps the payout relevant to each year you 're out is very valuable . Third . A good residual income rider . This helps if you are able to return to work , but at a reduced capacity .


Input: How Long Does It Take To Be Approved For Health Insurance?

Output: It has been my experience that it is very quick , can be within a day or 2 depending on the company . Of course it will also depend on answers to the health questions on the application . For an example if there are health issues , underwriting may take a little more time .


Input: How Long Does It Take To Be Approved For Health Insurance?

Output: If you are talking about a medically underwritten `` individual '' health insurance policy for yourself and/or family , a good rule of thumb is to allow about 30 days for the underwriting process . Each carrier is different , but many take 20 to 30 days . One of the largest carriers in my state actually tells us agents their process takes 22 days . They are n't always accurate with this time frame , but are generally close . Call your local independent agent and verify the general length of time for your area .


Input: How Much Is Health Insurance A Month?

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


Input: What Car Insurance Rating Am I?

Output: Your car insurance rating could be referring to the level of risk you are in the eyes of the carrier . If you have a clean driving record , are married and drive less than 10,000 miles per year , you would tend to have a better `` rating . '' Good credit also helps !


Input: Can You Combine Annuities?

Output: The answer is yes . Combining two annuities into one can be done through an IRS Section 1035 . This is a simple process , the agent will simply fill out two 1035 transfer forms and submit it with the new application . This is all assuming your annuities are Non-qualified dollars . If you have qualified monies , you can still transfer two annuities into one . Instead of using a sec . 1035 transfer , the agent would simple use a transfer form specifying as a direct transfer .


Input: Can You Combine Annuities?

Output: While the answer is - `` YES '' , you can combine annuities - it is important to bear in mind that some annuities have different tax treatment than others . My advice is to only combine annuity money of a similar nature with that of another . For example , an IRA -LRB- individual Retirement Account -RRB- provides a deduction on the IRS 1040 against income . Because of this feature and tax benefit , all money coming out of an IRA , both interest and basis , are taxed as income upon distribution . In other words , because of the tax deduction , distributions from an IRA are taxed as if all the money coming from the account is being taxed for the first time . An ordinary tax qualified annuity , a non-IRA annuity , incurs taxation only on the gain at the time of distribution . This exclusion formula recognizes that some of the money deposited was already taxed as ordinary income when you first earned it and this money will not be taxed again at distribution . That is why I suggest honoring the character of the money and keeping IRA 's with IRA 's , etc. . This simple rule of thumb will help relieve you of explaining years later the source or the money and help you argue successfully that some money should not be taxed . Who among us will remember 30-40 years hence how these accounts were merged ? There are a whole other set of rules for conversions and methods to avoid taxation prior to annuitization and the beginning of the payout period of your annuities . This answer covers general theory only on the idea you want to minimize taxation to the largest extent possible .


Input: Does Farmers Insurance Offer Life Insurance?

Output: Per their website , Farmers insurance offers life insurance through Farmers New World Life Insurance Company . To obtain a competitive quote from numerous life insurance companies to compare to their quote , contact a website that offers life insurance quotes from multiple companies . It never hurts to look around , especially if you can utilize one website that does the shopping for you .


Input: How Much Is Insurance On A Leased Car?

Output: The cost of insurance on a leased car will typically be the same as an owned car . Basic insurance rates are not affected by whether a vehicle is leased or owned . There may be endorsements that are available for a leased vehicle as opposed to an owned vehicle . Contact a local agent to discuss your insurance wants and needs .


Input: Does Getting Car Insurance Quotes Lower Credit Score?

Output: It will show on your credit report that there was insurance inquiries but it should not affect your credit score . Credit scores and insurance scoring are two separate things . Even though Insurance rates are based off of your credit history which they use that as a rating factor based on your payment history among other things . The credit scoring is not affected by the insurance company reviewing your credit .


Input: Is An Annuity Guaranteed Withdrawal Benefit Rider A Good Idea?

Output: Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is an annuity guaranteed withdrawal benefit a good idea . Well remember , I always say , `` What 's the price tag ? '' Do you have to pay for that G.L.W.B. rider ? If you do , then I have to look at it and say , `` Is it paying for the cash account , or is it paying for the phantom account that they 're basing their income on ? '' I need to look and price that because that could be anywhere between 100 to 125 bases points , so it could be expensive but you have to say , '' Yes , but what am I getting in return ? '' . Remember , the older you are when you take constructive receipt the higher the interest , but your timeline if it 's shorter , you may just be getting you principle back . You need to look at this really hard . It could be a great play if it 's very inexpensive and if it 's priced at the cash account and not at the phantom account . Well , that 's our consumer question for today . If you have any questions submit them to www.insurancelibrary.com .


Input: What Are The Penalties For Not Having Health Insurance?

Output: The penalties are as follows according to the Colorado Exchange ... in 2014 greater of $ 95 per adult , $ 47.50 per child with a maximum of $ 285 for the family or 1 % of taxable household income . In 2015 , the greater of $ 325 per adult , $ 162.50 per child with a family max of $ 975 or 2 % of taxable income . In 2016 , the greater of $ 695 per adult , $ 347.50 per child with a family maximum of $ 2,085 or 2.5 % of taxable household income .


Input: Does Life Insurance Go Into The Estate?

Output: If someone names a PERSON as the beneficiary on their life insurance policy , the death benefit does not go into the estate . If they name the estate as the beneficiary , or if the beneficiary predeceases the Insured and there is not a contingent beneficiary , then the life insurance proceeds will most likely go to the estate .


Input: Does Life Insurance Go Into The Estate?

Output: Life insurance proceeds can be paid to the estate if that is the wish of the policy owner . The value of the proceeds , regardless to whom they are paid , could come back into the estate for estate tax computation . Estate planning can avoid that situation . Life insurance is most commonly paid to the estate when the insured has outlived the beneficiary and contingent beneficiaries of the policy and the owner has not changed the beneficiary .


Input: Can I Refuse Medicare Coverage?

Output: You can postpone signing up for Medicare if you prefer to - most people who do this are still working and on their employer group health plan . Even if you 're still working and on group coverage , once you retire/leave your group plan , you 'll have a special enrollment period to sign up for Part A and Part B -LRB- a.k.a. Original Medicare -RRB- . Part A is premium-free for most people so they 'll start this one up regardless when they turn 65 . If you 're not on a group plan , keeping an individual health plan will be very expensive . If you want to have healthcare coverage and are 65 or older , a combination of Original Medicare -LRB- Parts A & B -RRB- , a Medicare supplement plan , and a Part D plan will offer a very predictable healthcare expense structure .


Input: How Does Critical Illness Insurance Work?

Output: When reviewing and comparing critical illness policies , you need to understand the definitions and exclusions . In some of the policies you may think you have a claim only to find it is denied because your medical condition does not match the policy language . Be sure to buy a health insurance policy , not a life policy with a critical illness rider .


Input: How Does Critical Illness Insurance Work?

Output: Along with what Ted mentioned , it 's important to note that the benefit received from critical illness insurance does not necessarily have to go toward medical or hospital payments . It 's incredibly useful in paying off debts not covered by your regular health insurance , but it is up the policy holder 's discretion on how they want to spend or save the money.Many people use it for mortgage payments , childcare , etc. .


Input: How Does Critical Illness Insurance Work?

Output: Critical Illness insurance pays if you come come down with certain diseases . Cancer , Heart Attack , or Stroke are most common . It depends on the policy on the amount paid out if there is a claim . Some pay a lump sum , some provide the benefits on an indemnity basis , paying a certain amount for various procedures .


Input: How Does Critical Illness Insurance Work?

Output: Critical Illness Insurance works by paying a lump sum of money to the insured person upon diagnosis of one of the qualifying illnesses . This money can be used to pay medical bills , to cover lost wages , to pay for incidental costs associated with treatment , to have some fun as a break from the rough time , or to use on whatever purpose the insured person wants to use it on .


Input: Does Renters Insurance Cover Hotel Costs?

Output: Coverage D of most renters policies covers additional living costs . This coverage pays for necessary and reasonable increases in the living costs you incur to maintain the normal standard of living of your household if part of the premises is made unfit for you to use because of an insured loss . The key here is the reason that you need the hotel room , the second is the suitability of the hotel room and the third is the reasonableness of the cost .


Input: Does Renters Insurance Cover Hotel Costs?

Output: Great question ! I sincerely hope that you never need to find out . In many cases , the policy will cover some or all of the relocation expenses when the home is damaged and not useable . They may pay for a couple of days , they may pay until repairs have been completed or until you 've found a new place to live . They may not cover it at all . Check with your agent and be certain what your specific policy will or wo n't cover . Thanks for asking !


Input: Does Renters Insurance Cover Hotel Costs?

Output: Check with your Insurance professional , but it might cover some hotel expenses , yes . Most policies include coverage for `` Extra Expense '' or `` Loss of Use '' which means that if your place is severely damaged and is un inhabitable as a result , these line item coverages in your policy is there to pick up the cost of temporary housing .


Input: What Are The Steps In The Medicare Reimbursement Cycle?

Output: When you visit a medical provider , and you are covered by Medicare , your provider is obligated to file your claim with Medicare . Medicare receives the claim electronically , adjudicates the claim , and if approved will pay their portion . If you have a Medigap plan , Medicare transmits the approved claim information to your gap carrier for them to pay their portion . Most claims are processed and paid within 3 weeks .


Input: How To Lower Your Car Insurance Bill?

Output: The single best thing you can do is shop around with other auto insurance companies . Each company is unique in that they have their own appetite for what they like and do n't like . You may fit right into some company 's `` sweet spot '' . But you will never know which companies can beat your current rates . As far as lowering premium on an active policy , you have to be careful . Normally when drivers lower their coverages or cut them out altogether , they tend to make cuts in the wrong areas . It 's important to understand the difference between a controlled risk and an uncontrolled risk . A controlled risk is one where by lowering or dropping coverage , you know the exact dollar amount of the extra risk you are taking on . This includes raising your deductibles on comprehensive and collision coverage -LRB- or dropping it altogether -RRB- , dropping additional coverage such as rental and roadside assistance/towing . Stay away from lowering uncontrolled risks ! Namely liability coverage and uninsured motorist bodily injury coverage . This is where people get burned ! Keep both of these as high as you can afford them .


Input: What Are Covered Perils On Home Insurance?

Output: There are many covered perils on a homeowner 's insurance policy . The most common perils are fire , theft , vandalism and wind . Coverage on your contents may differ than coverage on the dwelling . Earthquake coverage is sometimes a rider that needs to be added . Flood insurance -LRB- if you are in a flood zone -RRB- can be purchased directly through a separate government agency .


Input: When Do Annuities End?

Output: Annuities end when you surrender them -LRB- take the money in a lump sum -RRB- or annuitize them -LRB- take the money in an income stream -RRB- . When the person dies on whose life the annuity was based -LRB- the annuitant -RRB- , when the annuity ends depends on the features built into the annuity contract .


Input: Why Purchase Whole Life Insurance?

Output: The two types of needs that are best suited for whole life insurance are : 1 . People who need permanent life insurance 2 . People who wish to make use of whole life insurance 's cash accumulation capabilities . This is especially useful for those looking to diversify finances and add a conservative cash position to their holdings .


Input: Why Purchase Whole Life Insurance?

Output: Some reasons to buy Whole Life insurance are : 1 -RRB- it is easy to understand ; 2 -RRB- the payments are the same every month ; 3 -RRB- you can pay up the policy in a short time , if desired , so that no more premiums are needed ; 4 -RRB- it has cash value ; 5 -RRB- the cash value is predictable ; 6 -RRB- you can borrow from the cash value ; and 7 -RRB- the policy will not lapse if maintained properly .


Input: Why Purchase Whole Life Insurance?

Output: Participating whole life insurance , like any other product , has to be suitable for the purchaser . Participating whole life is a permanent product for ongoing financial liability exposure for the beneficiaries of the policy that features guarantees . If guarantees are important , then this type of coverage may be appropriate for conservative policy owners . Some conservative long term savers use participating whole life insurance as a supplemental retirement plan .


Input: How Are Annuities Protected?

Output: Tax deferred annuities have no government protection . A tax deferred annuity is only as protected as the contract states . And the contract is only as binding as the financial stability of the life insurance and/or annuity company to make good on the contract . It 's important to understand the company 's rating and financial strength before entering into the contract .


Input: Is The Iphone Covered By Renters Insurance?

Output: All of your personal property is covered under a renters policy . The policy covers damage that is caused by one of the perils identified in the policy . The IPhone is probably covered away from the residence as ten percent of the coverage limit is available for your personal property away from the residence . Recovery is reduced by the deductible .


Input: What Is The Function Of Disability Insurance?

Output: Because the average person only has 3 months worth of savings , disability insurance allows a person who can no longer work -LRB- due to sickness or injury -RRB- to maintain their lifestyle . It can be used for mortgages , car payments , debt , etc. . Many people often think , `` Well I wo n't get hurt at my job , '' but in reality , 90 % of disabilities are caused by an illness , not by an injury .


Input: What Is The Function Of Disability Insurance?

Output: The function of disability insurance is to replace a portion of the income that an employee -LRB- or employer -RRB- makes from their jobs and professions , when they are unable to perform the duties of their job due to illness or injury . Disability Insurance helps people maintain some financial stability in their lives while being disabled .


Input: What Is The Function Of Disability Insurance?

Output: Disability Insurance pays a benefit to the insured in the event that he can not work due to being disabled from an illness or injury . The payment is typically 60-65 % of one 's income . The benefit period -LRB- how long you 'll receive payments -RRB- can go all the way up to retirement , depending on the type of policy you have .


Input: What Does Medicare Cost Me?

Output: It varies depending on your income and the level of Medicare supplementalcoverage or Medicare Advantage plan you select . The cost can be as little $ zero if you fall in the lowincome Bracket . If a Medicare Beneficiary chooses a more comprehensive Medicare supplement plan , it will cost more . A lesser plan where a Beneficiary pays more of a a copay would cost less as far as a monthly premium goes .


Input: Is Homeowners Insurance Based On Property Value?

Output: The dwelling amount in a Homeowners Insurance policy is based upon the calculated cost to reconstruct your home in the event it is distroyed or severely damaged . Your Insurance Professional can complete a quality inspection and calculate the proper amout for your home based upon the use of a qualified Home Reconstruction tool usually provided by your insuring company .


Input: Is Homeowners Insurance Based On Property Value?

Output: Often the cost to rebuild or repair your home will be a great deal different than the market price . The recent swing in market prices should illustrate that point . The location of the home has much to do with the market price and yet has little to do with the cost of reconstruction . In California we are required to insure to cost to rebuild , regardless of the market price of the house .


Input: Can You Have Medicare Advantage And Medigap?

Output: No . You can only have one or the other - you can not have both Medicare Advantage and Medigap plans . This rule was created by CMS , the Center for Medicare and Medicaid Services . I hope the information is helpful - if you need assistance with your coverage , including quotes and plan comparisons , please feel free to contact me . Thanks very much .


Input: What Is The Largest Life Insurance Company In The US?

Output: There are many ways to categorize the largest Life Insurance Companies . Based on market share and premium revenue , I estimate the largest Life Insurance company to be American General , followed by MetLife in the number 2 slot . Hartford is third followed by Northwestern Mutual as number 4 and Prudential finishing as number 5 ...


Input: What Is The Largest Life Insurance Company In The US?

Output: When listing the largest lifeinsurance companies in the United States there are different ways to categorize them . You can list by annual revenue , total assets , number of employees , etc. . I believe you will find the largest in most categories is Metropolitan Life Insurance Co. better known as Metlife out of New York . In a fairly close second would be Prudential .


Input: What Is The Largest Life Insurance Company In The US?

Output: A good estimate can be made by a company 's premium revenue and market share of the industry . In that sense , American General would be the largest insurance company in the United States . In second would be Metropolitan Life -LRB- a.k.a. MetLife -RRB- , third - Hartford , fourth - Northwestern Mutual , and fifth - Prudential .


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

Output: The Affordable Care Act -LRB- approved , on the exchange plans -RRB- allows kids to be covered up to age 26 no matter what -LRB- even if they are married ! -RRB- . Some plans that are ` off exchange ' may still have certain criteria that must be met , for example : the child must be a full time student .


Input: Does State Farm Drug Test For Life Insurance?

Output: Every life insurance policy that requires an exam has certain markers that are checked for in the blood and urine tests . Drugs are one of the big factors that carriers look at when reviewing results . You may not necessarily be declined for the use of certain drugs , but its always best to be upfront with the carrier about usage and history -LRB- in short , it looks like a big red flag to them if you 're intentionally hiding something and it 's discovered during underwriting -RRB- .


Input: Does State Farm Drug Test For Life Insurance?

Output: When an insurance company requests a blood profile they have the capability of determining the presence of certain drugs in your blood . This would include prescription drugs and recreational drugs . There will be normally be a questions on the application about drugs so even if there isnt blood drawn drug use will probably be revealed .


Input: Does State Farm Drug Test For Life Insurance?

Output: Great question ! Like Jason mentioned above , depending upon the size and type of the policy that you are applying for , the insurance company may test you up front . Almost all policies will ask you if you have an issue with drugs or alcohol , and falsifying your answer will void your policy . Honesty is always the best choice , and you should be aware that many policies -LRB- and I 'd bet State Farm 's are the same -RRB- have a clause that denies your coverage if it is determined that illegal drugs or intoxication were involved in your death . It would really be a shame to pay on a policy for years only to have your claim denied . Thanks for asking !


Input: Does Homeowners Insurance Cover Sump Pump Failure?

Output: Mechanical items in the home are rarely covered by a homeowners policy . Normal wear and tear is not what a homeowners policy is designed to do . A homeowners policy is designed to pay for damage to your property that comes from specified perils . Failure of a pump doesnt sound like damage to me .


Input: Does Homeowners Insurance Cover Sump Pump Failure?

Output: It might , yes . Talk to your Insurance Professional about your particular policy , and ask if you have an option that covers damage as a result of the backup or failure of sewers or drains . If you have that option in your Homeowners policy , then the damage that would result of such a failure of a sump pump would be covered . There may be coverage limitations , or maximum amounts , and of course it would be subject to your deductible .


Input: Does Health Insurance Typically Work In Other Countries?

Output: Most countries allow their citizens to purchase individual health insurance and many employers provide health insurance as well . In some European countries health insurance premiums are financed through a VAT -LRB- value added tax -RRB- that is factored in to the price of each product you purchase . VAT 's increase the cost of goods tremendously .


Input: Why Is Medicare Efficient?

Output: Medicare is the primary provider of medical coverage for citizens after they reach age 65 . The vast majority of health providers work with Medicare every day . Procedures are well established . Once Medicare has reviewed a claim the remaining balance due is then transferred to a supplementary insurer if one is identified .


Input: Can You Put Insurance On A Car That Isn't Yours?

Output: No , because you do not have an insurable interest in the vehicle . You could purchase a `` Non-owned auto policy '' though . This would provide you with liability protection when you drive a vehicle but do not own one yourself . Contact a local agent to find out about coverage availability and pricing in your area .


Input: Can You Put Insurance On A Car That Isn't Yours?

Output: Coverage follows the car . Example 1 : If you were given a car -LRB- loaned -RRB- and the car has no insurance , you can buy insurance on the car and your insurance will be primary . Another option , someone helped you to buy a car . For example your credit score is n't good enough to finance , so a friend of yours signed under your loan as a primary payor . You can get insurance under your name and even list your friend on the policy as a loss payee . In this case , we always suggest you get a loan gap coverage : the difference between the car 's actual cash value and the amount still owned on it . Example 2 : The car you are loaned has insurance . You can buy a policy under your name , list the car on that policy and in case of the accident , your policy will become a secondary or excess . Once the limits of the primary car insurance are exhausted , your coverage would kick in and hopefully pay for the rest . I specifically used the word hopefully , because each accident is unique and it 's hard to interpret the coverage without the actual claim scenario . And even with a given claim scenario , sometimes there are 2 possible outcomes of a claim .


Input: How Long Does Term Life Insurance Last?

Output: Term life insurance lasts as long as the term selected . When the number of the years are up , many policies either automatically become annually renewable , or you can choose to make them annually renewable . This extends the years of the policy , but at a very high price that can go up every year after that . Many Term policies offer conversion privileges , which allows you to change them to permanent insurance . The conversion period may be offered for few years , all the way to the end of the term . Converting your Term life insurance is a way of making it last for a lifetime .


Input: How Long Does Term Life Insurance Last?

Output: Term life insurance can generally be purchased in 5 year increments up to 30 years , if youre younger than age 50 . Term life insurance ends at the termination of the guaranteed period you selected when the policy was issued . Some term life insurance policies have conversion privileges that allow you to convert the term life insurance policy into a permanent life insurance policy , thus extending the coverage provided you convert within the time frame stated in the policy provisions .


Input: How Long Does Term Life Insurance Last?

Output: Term life insurance is in force for the term you selected . For example , most companies offer 10 , 20 or 30 year term policies . Your rate is locked in for the term selected and in the event of death the policy will pay the full death benefit . Term insurance is great way to fund a large insurance need without paying a lot of money .


Input: Where Can I Use Medicare?

Output: You can use your Medicare card at any doctors office , any lab , any hospital , anywhere in the United States . There are no networks . Any medical provider that participates in Medicare can be used . You should consider providers that accept assignment . This was you avoid being billed for any excess charges .


Input: Does Renters Insurance Cover A Tree Falling On Your Car?

Output: There a few options for coverage for this . 1st the person who owns the building that you are renting from it should cover damage to your auto 1st . But if you have to fight with them there is another option . If you have comprehensive coverage on your car then you could claim it on your auto policy and get it covered minus your deductible How ever you auto carrier may deny the claim or they will try and get the money from your landlords home policy . Either way you should be able to get your car repaired .


Input: Is Universal Health Insurance A Good Idea?

Output: Medical care has a price . In the open market it is fixed by consumers who want a service and medical personnel who can deliver the service . The problem occurs when someone needs the treatment but can not or will not pay the price for the service . I say , Will not because every decision about spending is discretionary . Should society as a whole bear the responsibility for the medical care for every resident ? Should the nature of that care be regulated ? Should the source of funding be general ? Those are the most pressing questions when considering a universal health care system . Ultimately in a universal health care system there is a specified list of services and a funding mechanism that is not based upon need for medical services . You may need a procedure that isnt covered in the program . At the same time you might consider another procedure immoral or frivolous . Who is going to decide ? The idea of universal health care sounds very good until you understand that some medical services will probably not be covered . In the USSR dental hygiene consisted of inserting a fluorescent tube into the patients mouth and surgery was routinely conducted in a super-cold environment because anesthesia was not readily available . In that case , most Americans would consider the health care to be inadequate . However , it was available to all and at little or no direct cost to the consumer . Under most regimes universal health care becomes rationed health care . The best example is the army under war time conditions . It is called triage but it means that you treat those with the greatest likelihood of recovery before treating soldiers with graver injuries . While it might be the best utilization of manpower , the soldier with his leg blown off , might not like the wait and a narcotic shot is not going to make his family happy . The issue of who is going to pay for the universal health care system is the most sensitive . No one wants to see others in need . By the same token no one wants to pay the high bill for medical treatment . If the universal care is funded by general funds from taxes it will always be a political football . If it is paid by premiums paid by individuals there will always be a need to assist those unable to pay the premium . The problem really boils down to our expectations of treatment level , the availability and cost of that treatment and who is going to pay the price . Yes , it sounds like a great idea but it has many difficulties and when it is expected then the society will start to question the need for universal flat screen TVs , micro-wave ovens and wall-to-wall carpets . There really isnt an end unless you look at the Soviet Union and see how it ended .


Input: Is Universal Health Insurance A Good Idea?

Output: Is universal health insurance a good idea ? Well yes and no . In some countries it works very well , others not so much . Some of this could be that usually in countries that are universal health countries some access to health care services are limited , some drugs are n't available because of profit margin limits . I think the happiness depends on the culture of the population . The hard thing I see for America adopting Universal Healthcare would be the idea of limited or delayed services as we as a culture , only wait for cell phones and movie premieres . Certainly there is more to it , but that is for another day as the answer is n't easy and would take pages of text to cover .