Input: Does Ameriprise Offer Life Insurance?

Output: Ameriprise Financial Services , Inc does not offer life insurance , but is affiliated with two companies that do offer life insurance . Those companies are RiverSource Life Insurance Company and Riversource Life Insurance Company of New York . The products they offer are Term Life , Universal Life , and Variable Universal Life Insurance .


Input: What Is The Oldest Life Insurance Company In America?

Output: Theres some debate here , but the historical records seem to agree on Presbyterian Life , a fund for ministers , was the first stock company . The first mutual company in the U.S. is the venerable New England , now part of the mighty Metropolitan . Many companies formed around religious groups or trade consortiums .


Input: At What Age Does Life Insurance Stop?

Output: Life insurance coverage stops on the expiration date of the policy or your death , whichever occurs first . Setting that expiration date is very important . Actuaries determine the risk of a person of a certain age dying within a certain period . As you grow older that risk increases a great deal . That risk is the basis upon which the expiration date and premium are set .


Input: At What Age Does Life Insurance Stop?

Output: Great question ! The answer depends on your policy . If your policy is a term policy , it is the end of the stated term -LRB- and please be careful - many people buy life insurance from the TV ads they watch , and are so dazzled by the $ 19 a month graphic that they miss the `` term to age 80 '' part . If you buy that insurance , and live to be a day over 80 , you are going to have problems ... -RRB- . You can renew those policies after they end , but they will become very expensive very quickly . A Whole life policy will last as long as you do , they are going to cover you as long as you keep the policy in force . Other policies , like Universal life , will have a guaranteed period , and as long as they are well funded , will last as long as you keep it in force . If you have more questions , feel free to contact me , I 'm happy to help . Thanks for asking !


Input: At What Age Does Life Insurance Stop?

Output: A policies end is determined by the policy it is , term or whole life . Term insurance comes in 10,15,20 , or 30 year level term and can be renewable for the same amount at the end of the term period . While whole life is , as it states , for a person 's whole life . The problem though with whole life insurance is that it is much , much more expensive than term thus , making it unaffordable to carry the correct amount of insurance that a family needs . Because a family needs the most protection in the early years when their debts are the highest , children still at home , there is still mortgage , and income replacement is needed the only way to accomplish this is through term life insurance . As time goes on when debts are eliminated , mortgage paid , and retirement income is needed the need for life insurance is eliminated or at least lessened to the point of the need of a burial policy only . As assets increase along with retirement savings your family will have enough to live on and certainly enough to bury you . The key is proper planning .


Input: What Is Transamerica Life Insurance Company?

Output: Transamerica Life Insurance Company is owned by AEGON Group . The company offers Term and Permanent life insurance policies along with Long Term Care Insurance and other products . To find competitive quotes for Transamerica and many other life insurance companies , visit a website that provides instant life insurance quotes to compare prices .


Input: Is Osteopathic Treatment Covered By Medicare?

Output: Osteopathic treatment is usually covered under Medicare Part B . If the underlying condition being treated is considered medically necessary , your treatment plan is also covered . Doctors of Osteopathy are licensed to practice traditional medicine and surgery , but some also rely on manipulation of the spine and joints . Sometimes the manipulation is part of a routine regiment and is not treating a specific illness and may not be covered .


Input: How Long Is The Free Look Period For Annuities?

Output: The free look period for annuities varies according to the state in which you live . Variable annuities normally have a free look period of `` at least 10 days '' , according to the SEC . The free look period for fixed annuities is the same number of days as the free look period for life insurance products , in some states . Contact the carrier through which your annuity was purchased to find out the free look period for your annuity in your state .


Input: What Is Farmers New World Life Insurance?

Output: Farmers New World life insurance company -LRB- commonly seen as Farmers Insurance -RRB- is one of the thousands of insurance companies in the insurance marketplace . When you 're looking at purchasing life insurance , it 's important to look at multiple carriers because they all feature different rates , some will feature better rates for certain types of products than others , offer volume discounts -LRB- e.g. rate discount at certain increments of coverage such as $ 250,000 , $ 500,000 , $ 1,000,000 , etc. -RRB- , and respond differently to medical histories and conditions . In short , the carrier that will work best for you program may be different than the carrier that will work best for someone else because we each have our own needs and budgets . Doing the research on your own can be extremely time consuming and you may not always find the information you 're looking for . Independent life insurance brokers have an extensive knowledge of the subject matter and know the differences between products that are available in the marketplace . Consulting with an experienced broker is always a great first step when looking for coverage . We will help you determine what an appropriate benefit structure is for your needs and budget , and help you through the process of securing the coverage from start to finish and beyond . Please feel free to contact me for further assistance . Thanks very much .


Input: Does Auto Insurance Cover Off Road Accidents?

Output: As long as you have coverage in your auto policy for physical damage to your car -LRB- Comprehensive and Collision -RRB- and Liability , should anything happen that is a covered loss whether on a public access road or highway or `` off road '' as you suggest , then your personal auto policy will provide protection . All of the terms and conditions in the policy would apply including a deductible for damage settlement to your car so it is important to talk to your Insurance Professional about these in order to maintain a solid understanding of the protection that your policy provides to you and your family .


Input: Does Auto Insurance Cover Off Road Accidents?

Output: There isnt anything in the standard policy that limits coverage to roadways . You may find that your insurance company will be reluctant to renew coverage if your are driving your car on boulders to demonstrate that you can do it . I suppose the same could be said if your are jumping your car from ramp to ramp over a line of buses .


Input: Which Pension Annuity Is Best?

Output: All product lines may have certain policy provisions that are nuanced enough to be distinctive from their competitors . But an annuity purchase should be based the product suitability as it relates to the potential annuity buyer . Product suitability is established by developing a personal financial profile that includes a risk assessment , financial goals and their projected timelines . There is no best pension annuity for retirement until the retiree is vetted for a product solution .


Input: Why Do We Have Medicare?

Output: We have Medicare because President Johnson wanted a legacy similar to FDR . Prior to Medicare health insurance for those 65 and older was difficult to find and was pricey . Only a handful of companies wrote health insurance on seniors . Medicare made `` universal '' health care possible for those 65 and older . Premiums are heavily subsidized by active workers .


Input: Why Do We Have Medicare?

Output: It was designed to allow everyone to chip in and help the elderly afford health care that they otherwise would not receive . It is unfortunate that so many of the retirees -LRB- there are about 10,000 seniors turning 65 every day -RRB- are unprepared for retirement , or are finding that an unexpected illness requiring long term care has eaten away at what was to have been their retirement fund . Without the safety net of Medicare , they would either have to do without , or receive what free care was available . -LRB- And by free , I mean paid for by all the rest of us through higher hospital and doctor fees , because you know they are n't charities . -RRB- It is a sad truth that approximately 60 % of worldwide bankruptcies are cause by medical emergencies . -LRB- Even with health insurance . -RRB- If you would like more information , please contact me , I 'd be happy to give you more detail , Thanks for asking !


Input: When To Buy Term Life Insurance?

Output: Term life insurance should be purchased in several situations . The most obvious is when the protection needed is for a definable period of time such as a loan or other obligation . It is also appropriate at when starting a family where the amount of protection is large , but usually affordable due to the applicant 's young age . Of course , each situation is different and should be discussed with an agent who can give suggestions on what type of coverage is appropriate .


Input: When To Buy Term Life Insurance?

Output: Term life insurance is appropriate in many situations . It is primarily used to create an instant estate in a sudden or unexpected death of an income earner or someone that would incur debt . Term life insurance is used to payoff a certain debt , educate minor children , payoff business debt , financially replace a key employee or business partner or replace income for a family . It can be bought for a period of time and is by far the most affordable option in life insurance .


Input: When To Buy Term Life Insurance?

Output: You can buy Term Life Insurance at almost any age . It is more difficult to find Term policies that cover children and the aged , because permanent policies are the preferred type of coverage for those age groups . For persons aged 20-80 , you can buy Term Life Insurance whenever the need arises . The younger you are , the less it costs , all other things being equal .


Input: Can Someone With Lupus Get Life Insurance?

Output: Yes , someone with lupus can get life insurance . While the most common , Systemic Lupus Erythematosus -LRB- SLE -RRB- is generally considered the most serious type of lupus . Mild systemic lupus that has been effectively controlled or in remission for several years can be rated Standard by some carriers . If there have been recent flare ups , the policy could be table rated or you may have to use a No Exam option . But there are options available . Other types of lupus than SLE will not have a significant impact on life insurance rates .


Input: How Long Can I Carry My Child On My Auto Insurance?

Output: As long as your child is driving your car or a car titled to you , you can keep your child on your insurance . Once your child purchases a car in your child 's name that child must purchase their own insurance . There is no age requirement , it is based on who owns the car , you or your child .


Input: How Long Can I Carry My Child On My Auto Insurance?

Output: Depending on your state and carriers guidelines . There is not an age limit but with most carriers when you sign an application you are stating that you have listed all the drivers who have regular use of the car and live in the household listed on the application . In Montana id you give someone permission to drive your car they are covered on your policy unless you have them excluded then there would be no coverage . There also in a scenario that you would want your child on the policy . example would be Your child purchased a car but needed you as a co signor and the title is in both your names even though your child is not living with you and they are paying for the car but your name is also on the title then you could have the car and your child listed on the policy there are many options out there for your case . I recommend you talk to a local agent and they can tell you what works best for you and follows the carriers and state guidelines . If you are unfamiliar with your coverage then an agent might be a better choice for questions rather then an online carrier only .


Input: How To Determine Life Insurance Need?

Output: That is an excellent question ! There are a lot of different thoughts on the answer . I always ask two questions , and one used to drive my uplines crazy , but I always believe client over profit , so I ask . The first is what do you want it to do ? The second is what can you afford to spend ? It is all well and good to want a million bucks worth of insurance , but if you ca n't swing the premium payments , then it is n't realistic.We look at what you can safely afford to spend , and then we get the maximum amount of insurance for that amount . If that amount only covers the funeral expenses , it is still a gift of love to your family . If it gets your family financially set , that 's even better . Please contact an agent that you can trust and have them help you . If you would like help , please feel free to contact me , okay ? Thanks for asking !


Input: How To Determine Life Insurance Need?

Output: It is difficult to determine the extent of suffering others will experience when we pass . A breadwinner is important but so is the person caring for children . There will be loss , economic loss , regardless of who dies . It would be wise to have a frank discussion and determine what would happen . I suggest though , that most breadwinners need close to $ 1 million of life insurance . That will produce $ 100,000 of income at current interest rates .


Input: How To Determine Life Insurance Need?

Output: Some say twice salary , some say ten times . They can both be correct . Look at these things : are you married , have kids , are they in college or heading to college , do you own a home , have a mortgage , how much is left on the mortgage . After considering all of these , you will find a number between 2 and 10 times your annual income . That is the number to choose . Talk with your agent . Thank you . GARY LANE .


Input: How To Determine Life Insurance Need?

Output: There are a number of methods used to determine how much life insurance is needed . The simplest method is to multiply a person 's annual income by 10 . Another method is to determine how much income would be needed in the event of the insured 's death in order to maintain the lifestyle of the surviving immediate family including school tuition , etc. . Then based on a percentage of annual gain you feel you can count on by investing , determine the amount needed to invest in order to achieve that needed annual income , minus current liquid assets , and that 's the amount of insurance needed .


Input: Is Zoloft Covered By Medicare Part D?

Output: Yes , Zoloft is covered by Medicare Part D . Some antidepressant medications are not covered by Medicare Part D. Consult your plan 's formulary to see which are covered and which are not , and at what price . The VA also covers Zoloft and the generic substitute for Zoloft , at what they claim is a lower price than Medicare Part D.


Input: Why Would Someone Need Life Insurance?

Output: Once upon a time there was a very rich man . He owned a number of businesses which he had started himself and which he had built himself . Altogether , he employed close to 20,000 people . That means he created opportunities for 20,000 people to support their families and lead their own lives . He understood that he could never have built his business empire without the dedication , hard work , and loyalty of each and every one of those men and women . He took good care of them . He paid them well . Lots of bonuses , lots of benefits . He was very community-minded . He knew that no man , and no family , was an island unto itself . We need each other . We need each other in times of natural disasters , and human tragedy , and family distress . When people lose their job , or get sick , or maybe lose their home , they need a helping hand . He always made sure his hand was ready to give . He took it upon himself to help many , many people . He gave generously to community service organizations . He made sure that families who were suffering had the means to weather the storm and remain together . When people in need came to him , he helped them get back on to their own two feet . He was an extremely dedicated family man . He loved his wife dearly . He was always there for his children . Everything he did was really for them . He wanted them to have the best of everything . He especially wanted his son and daughter to have a great jump-start in life . His entire estate the houses , the businesses , the valuables - was going to go to them when he passed away . One day he had a lunch meeting with his friend who was an estate planning attorney . His friend made the following observation : You know , you are quite a person . You have done such a tremendous job building a life for yourself . All the people you employ , all the people you help . How fortunate your family is to have you as a provider . But heres the problem : God forbid you die tomorrow , this entire wonderful world you have built collapses . Without you and your broad shoulders , the entire enterprise stops in its tracks . You can imagine that our friend the Rich Man didnt like hearing that at all . He had indeed put so much of himself into what he held to be precious . It would almost be an act of betrayal for them to lose it all when he died . I mean , shouldnt he make provisions for their care after his death ? Why shouldnt the show go on ? So many people have become dependent on him . So , he bought a bunch of life insurance . Life insurance to make sure his family wouldnt have to sell half his assets just to pay the governments estate tax bill . They wouldnt have to sell the residences or family jewels . The heirlooms could stay in the family . He bought life insurance to enable his businesses to keep running . People would be able to keep their jobs . Vendors would get paid . Clients would receive service . The management team would have enough money to keep going and growing . He bought life insurance to fill the coffers of charities doing noble work in his community . Hungry people could get fed . Homeless people could get shelter . Unemployed people get retrained for new jobs . Life insurance made it possible for the great work this man had been doing to continue . And because life insurance is such a great deal financially , the cost of this planning was literally pennies on the dollar . Each dollar of life insurance benefit literally cost him a few cents . Of course , it was this financial wisdom and eagerness to take advantage of a great deal that made him rich in the first place :-RRB- Would you like to keep learning ? Read my blog : planrisklive.com


Input: Why Would Someone Need Life Insurance?

Output: Well some wealthy folks may not need life insurance , but even they might be better off with Whole Life Insurance . It allows folks to built their assets . Remember , Life Insurance is not for the insured much of the time , but for the survivors . Their lives will depend upon it to keep their standard of living , both a spouse and kids . College . Mortgage . Going back to work . But even the insured can use Whole Life Insurance to protect their retirement . Yes retirement can be funded by Whole Life Insurance . Let 's talk about how you can easily do this . Gary Lane , Registered Representative and Agent , New York Life . 949 797 2424 . Thank you .


Input: Why Would Someone Need Life Insurance?

Output: A better question is why would you not have life insurance ? It 's probably the single most important thing you can do for your loved ones . If you 're in the Pennsylvania , I 'd be happy to go over the importance of having it and if you 're not then please contact your local independent agent .


Input: Why Would Someone Need Life Insurance?

Output: There are several reasons people need life insurance . First , if you have a family , it might be important to make sure that if the primary income maker was to die , that the lost income would be intact for the years ahead . Perhaps you want to make sure the kids can make it to college if you were to die prematurely . Other reasons include protecting the interests of your business if your a business owner with a partner or key employee 's . Another reason could be to use the tax-free income opportunity for supplementing retirement income . Everyone has a situation which life insurance may be a good fit . Talk to your agent about what your situation is and where life insurance may be a good fit .


Input: Does Medicare Cover Skilled Nursing Facility?

Output: Medicare provides limited coverage for skilled nursing care under part A. For days 1-20 , you pay $ 0 for each benefit period . For days 21-100 , you pay $ 152 coinsurance per day of each benefit period . For everything after the first 101 days , you are responsible for 100 % of the cost . Please note , several qualifying items have to be met in order for Part A to provide coverage : 1 -RRB- 3 inpatient days to meet a qualifying hospital stay 2 -RRB- You have days left in your benefit period 3 -RRB- Your doctor says you need daily skilled care 4 -RRB- The facility providing the care needs to be certified by Medicare 5 -RRB- Your condition was treated during your qualifying inpatient hospital stay Long-term care insurance will be most helpful for skilled nursing care benefits .


Input: What Is The Doughnut Hole For Medicare Part D?

Output: The Part D doughnut hole exists to make the plan affordable . If your covered drug charge totals exceed your basic coverage you enter a gap period known as the doughnut hole . In 2013 you reach the gap when the amount paid by you and your plan hit $ 2970 . The doughnut hole will be reduced every year until is it completely closed in 2020 .


Input: Is Earthquake Damage Covered By Homeowners Insurance?

Output: Earthquake damage is not covered by most home insurance policies . Earthquake coverage can be added to a policy through what is called a rider or endorsement . The cost depends on the likelihood of an earthquake .


Input: How Much Does Medicare Pay For A Ct Scan?

Output: Diagnostic testing is covered under Part B . You will pay 20 % of the Medicare approved amount . So if the procedure costs $ 1000 , Medicare approves $ 500 you would pay $ 100 . Some states will allow an additional 15 % of what is called excess charges . If you live in Ohio , you do not have to worry about that , however if you live in Florida you would have to pay . The doctor can not balance bill you more that the 15 % of the Medicare approved amount .


Input: How Much Does Medicare Pay For A Ct Scan?

Output: Medicare has a set fee schedule for every procedure , including diagnostic testing , X-ray , CT , MRI and so forth . If you use a medical provider that accepts assignment they can not balance bill you and your out of pocket for medically necessary testing will be limited to your Medicare deductibles and coinsurance .


Input: If I Retire At 62 Can I Get Medicare?

Output: Medicare payments usually begin when you are 65 -LRB- assuming you are retired and notdisabled -RRB- . You may be able to get extended coverage through your employer plan until age 65 or apply for individual coverage through some of the largest and most reputable health insurers . The official Social Security website or an experienced broker can provide additional details .


Input: How Much Does Yearly Homeowner

Output: The price for a homeowners policy varies by the price of the home , the location of the home , the age of the home and the general condition of the home . Each policy is tailored for the specific home being insured . Most companies require that the home be insured to its full replacement value and that is the main factor in rating the policy .


Input: What Is The Point Of Renters Insurance?

Output: The point of renters insurance is to inexpensively cover your personal property -LRB- and liability , medical payments to others , loss of use benefits etc. . . -RRB- in the event you have a major claim . Although smaller claims are covered , your main concern should be protecting your belongings in case there was a fire , tornado or a theft that left you with virtually no personal property . You 'll be glad you had coverage when it 's time to file a claim andaccessthe loss .


Input: What Is The Point Of Renters Insurance?

Output: Renters insurance is inexpensive and it protects your personal items like your clothes , television , ect . It also cover your `` loss of use '' this is is if your have a fire and loose everything you will still have the cost of renting a new place and replacing your clothes . this can be quite costly when you have been left with nothing . For as little as $ 10 a month you can rest assure that you will have the expenses covered toget back on your feet and nothaveto worry as much .


Input: Does Owning A Dog Increase Homeowners Insurance?

Output: This really depend on the size , breed , and prior history of the dog biting someone . This has become a huge issue in many states . You may encounter significant difficulty is insuring your home with a standard homeowners policy which includes liability coverage if there is history of biting or the dog is of a bred that has had a greater propensity to have been involved in attacks such as a pit bull . There is enough concern about this primarily because dog bites are often the second most likely cause of loss in many states for an individual carrier . Some carriers limit the liability coverage and some simply charge more if they perceive a more significant risk of loss . Dog owners should be aware that an absolute liability can exist in some states just by owning the dog.In other words the fact that you own the dog is sufficient to cause of liability for you and your carrier .


Input: Does My Auto Insurance Cover Rental Cars In Europe?

Output: Your insurance policy purchased in the United States will only cover rental car coverage in the United States , Canada , and it 's territories which would include Puerto Rico and Guam . Other countries do not recognize USinsurancein this particular situation and US based companies are not able to bring suit or defend out of US jurisdiction . You will need to purchase the insurance offered to you at the time of renting a car in Europe .


Input: How Do You Apply For Disability Insurance?

Output: To apply for Disability Insurance , you first consult with a knowledgeable agent to get the type of policy you need , and one that fits your budget . Then you fill out an application and submit it . There will be a paramed exam done in your home or other place of your choice . The underwriter may order medical and/or financial records . Once everything is reviewed , your policy will be approved at the rating the DI company deems appropriate . You accept the policy by paying the premium and signing some delivery paperwork .


Input: Does health insurance cover dermatology?

Output: Most major medical plans will cover medically necessary treatment by a dermatologist . This includes treatment for conditions like acne , eczema , psoriasis , cancer and so forth . Cosmetic treatment for things such as skin blemishes or tattoo removal are generally not a covered item . In some situations removal of a birth mark -LRB- such as a port wine stain -RRB- may be a covered item .


Input: Does health insurance cover dermatology?

Output: Coverage for dermatology can vary from policy to policy . If you have a basic policy , such as an accidental or emergency policy , coverage for the dermatologist may not be covered unless the visit is due to sickness or emergency . A more comprehensive individual policy may cover dermatology , and many group policies will cover specialists , such as a dermatologist . Before going to the dermatologist , you will need to make sure that you are covered . If you have coverage thru an employer , you can ask your Human Resources Manager , or the person in charge of benefits . Or , check your Health Insurance Policy booklet , or call the Customer Service Number that is usually located on the back of your card . After you determine that dermatology is covered , check to make sure that your doctor is in network . Using physicians that are in network will usually save money over using a non network , or out of network provider . You can usually use an out of network provider , but will pay a higher copay or deductible for the visit . You can call the physician office with your health insurance information to verify whether or not the provider is in network or not . If unable to contact the office , many health insurance companies offer this information on their website .


Input: Why Do I Need Long Term Disability Insurance?

Output: You need long term disability insurance if your loss of income would cause devastation for you or your family . Becoming disabled for a long period of time -LRB- months to years -RRB- is not uncommon , and most people rely on their full paycheck to live their current lifestyle . Disability Insurance does not replace the full paycheck , but it provides enough to get most people by until they are back to work without having to lose their home or other great hardship .


Input: Why Do I Need Long Term Disability Insurance?

Output: Long term disability insurance pays you a large portion of your paycheck if you are unable to work due to a long term illness or injury . If you or your dependents rely on your paycheck to pay essential bills , and do not have enough in savings to tide you over for over 6 months , you have a need for long term disability insurance . A long term DI policy can provide income to you for many years , even a lifetime . Becoming disabled , either temporarily or permanently , is a much more common an occurrence than most people think . Having long term disability insurance can protect you and your family from some of the trauma , if such a misfortune should happen to you .


Input: Why Do I Need Long Term Disability Insurance?

Output: The reason for purchasing long term disability insurance is to `` hedge your bet '' against your most valuable asset . Most people 's most valuable asset is their ability to earn a living . If you are independently wealthy or have a lifetime residual income you need long term disability insurance . Just statistically speaking you are 8 times more likely to become disabled than you are to die . Almost 90 % of long term disabilities are due to an illness not injury . Be sure your policy covers both .


Input: Is Kaiser Permanente Medicare Insurance?

Output: Kaiser Permanente does offer Medicare Advantage plans in some areas . The Kaiser Permanente model is an HMO . When you have a Medicare Advantage HMO plan you have a limited network and must use their doctors and approved hospitals . If you receive treatment out of network , you are responsible for those charges -LRB- except in an emergency -RRB- . Kaiser Advantage plans are good as long as you understand how they work and the ares where you have no coverage .


Input: Is Kaiser Permanente Medicare Insurance?

Output: Kaiser Permanente provides affordable healthcare to millions of consumers . Individual , family and business coverage is provided to consumers under the age of 65 and also to persons that are eligible for Medicare . Kaiser offers Medicare Cost and Medicare Advantage plans that provide Medigap benefits over and beyond the coverage Medicare provides . Kaiser has a highly-skilled network of physicians , hospitals and facilities that work for you . The CMS -LRB- Centers For Medicare And Medicaid Services -RRB- gave Kaiser one of their highest ratings for 2013 . Some of the criteria used in judging included customer service , preventive care and prescription drug services . An experienced independent broker and/or a reputable website will provide specific plan information and free rate quotes for Kaiser products .


Input: How Much Car Insurance Should I Purchase?

Output: Often this question is approached by , how much can you afford ? I would like you to think of it as , How much can you afford to lose . I have been driving over 50 years . I have had one minor fender bender 46 years ago . Had I never purchased insurance -LRB- in California I have the option of posting a bond or cash -RRB- I would have saved approximately $ 90,000 . However , a recent accident involving a pedestrian struck in a cross walk resulted in a settlement of over $ 750,000 . I couldnt have afforded the settlement , so I paid the premiums . What can you afford to lose ? Buy the insurance that will protect you from those amounts that you can not afford to lose . If you can qualify for an umbrella consider limits in the $ 1-2 million range . In our lawsuit happy society that is not being overly cautious .


Input: How Much Car Insurance Should I Purchase?

Output: This depends on your personal situation , how much you can afford and what assets you have that you could lose in case of a lawsuit . As a general guideline state minimums are not enough and while it 's cheaper to get the minimums it 's a bad decision in the long term for most people . Keep in mind that even though $ 100,000 sounds like a lot of money to you and me , it can be exhausted very quickly in case of a major injury . If you cause an injury and you owe them more than your limit they have the right to sue you which will be VERY expensive even if you were to win the lawsuit . For most people who have a good job and are homeowners $ 250,000 / $ 500,000 limits with a $ 1 million umbrella is a good level to aim for . I know it sounds like an incredible amount of money , but it 's really not that expensive , and in the case something happens you will be very happy you 're properly protected .


Input: Does Medicare Pay For Xarelto?

Output: When Xarelto is covered it would be under Medicare Part D. Check your formulary . Xarelto is commonly use to treat and prevent DVT -LRB- deep vein thrombosis -RRB- . There are no generic equivalents . Eliquis is also used for the same conditions . There are no generic equivalents for Eliquis either . CarePath discount cards may be available .


Input: Does Medicare Pay For Xarelto?

Output: Xarelto , also known as Rivaroxaban is listed on the Medicare website as being a covered prescription medicine . It is commonly prescribed for preventing strokes for patients suffering from non-valvular atrial fibrillation . The following link will allow you to research most medications and determine if there is coverage under Medicare in your location . WEBSITELINK


Input: When Is Long Term Care Insurance Needed?

Output: Long Term Care insurance is needed when someone has assets to be protected , and when someone wants to make their own decisions about their care if they should need long term assistance for daily living . Without long term care insurance , the individual and their family are left to foot tremendous bills , if such care is needed . If assets run out and Medicaid is used , the choices for care are limited . Having long term care that will allow someone to spend the benefit as they wish protects assets and allows some independence even at a time of loss .


Input: When Is Long Term Care Insurance Needed?

Output: Generally long term care insurance is needed in your later senior years , but it can some times earlier even before retirement . The number one risk in financial retirement in retirement is human longevity , which increase the odds of needing long term care insurance . If your family has a disposition to disease or nursing home confinement , you may want to consider securing long term care while you 're young and healthy .


Input: Does My Renters Insurance Cover My Engagement Ring?

Output: An engagement ring would be considered personal property and be covered to the limits of the policy . However , the company will generally have a fixed limit for loss involving jewelry . You may find that your ability to recover from a lost engagement ring would be seriously reduced by the deductible on the policy . If you are concerned about replacing an engagement ring , most companies provide a floater policy that will cover that exact ring anywhere in the world 365 days a year and often provides the coverage without a deductible .


Input: Does My Renters Insurance Cover My Engagement Ring?

Output: Talk to your Insurance Professional about the terms and conditions of your policy because there may be limitations on the coverage that your standard policy may provide . The ring is personal property , but many policies limit the amount of coverage on `` unscheduled '' jewelry that is pieces that are not specifically insured either as a rider or as a stand alone policy . It is best to insure your ring specifically because not only is the coverage broader -LRB- it even covers if the stone falls out and is lost and a standard renters policy wo n't -RRB- but in most cases , the policy deductible will not apply . Get a clear copy of your appraisal and give it to yur licensed agent and they will be able to cover it properly for you .


Input: Who Is The Best Term Life Insurance Company?

Output: As an independent agent I sell from many different companies . It is hard to say what company is the best as it often depends on the individuals situation . I will say that for medically underwritten policies we sell quite a bit of American General , Genworth , and Prudential . Another interesting option is the no medical exam policies . Assurity , American National , and Sagicor have some very good options , though you will pay about 15 - 30 % more for the policies .


Input: Does My Spouse Have My Auto Insurance?

Output: Only if she is a listed driver on your policy or has her own . While she may be covered if she is not listed , since she is a member of your household , it could present a problem down the road . If your spouse has several DUI 's for example and you failed to list him or her on your policy , then the company would probably pay the claim but then you would be cancelled or have a major rate increase . It is always best to make sure all drivers in your house are either listed as drivers or specifically excluded from your policy . If they are excluded then do not let them drive your car unless they have their own policy .


Input: When Should I Save For Retirement?

Output: That is a great question ! I can not emphasize enough that the earlier you start , the better off you will be . The amount of money you may need to be comfortable in retirement may be achievable only by starting soon . A rule of thumb ? To live your current lifestyle , you will need to have 8-10 times your current salary . It might be wise for you to schedule an appointment with someone who can help you look at the options available to you , your HR person at work , for your plan options , and then a financial advisor or planner to help you get started . Contact me if you need any help , and thanks for asking !


Input: When Should I Save For Retirement?

Output: It sounds cliche , but you should start saving for retirement as soon as you start working . With longer life expectancies we are now living 20 , 30 even 40 years into retirement . Allowing the power of compound interest to work for you means the sooner you start the bigger your Nest Egg will be . Within 10 to 15 years of retirement , positioning for growth and protection is even more important . Since you would have less time to recover from a drop . If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is A Flexible Premium Adjustable Life Insurance Policy?

Output: A flexible premium adjustable life insurance policy refers to a universal life -LRB- UL -RRB- policy . A flexible premium means that you can pay the minimum premium required to keep the coverage in-force , or you can pay a higher premium to have a portion of your premium earn interest and accumulate cash within the policy . The type of UL policy you purchase will dictate how interest is credited to your policy . A UL policy can be a great solution if you are looking for a policy to only provide a death benefit or as a way to accumulate cash to use for college funding or tax-free retirement income .


Input: Why Is Car Insurance More Expensive For Boys?

Output: The answer to this question will probably vary by state . In California sex is not a rating factor . Driving experience , annual miles driven , driving record , location and the automobile itself are the most important factors for California insurers . Any time there is a difference in rates it can be supported by statistical information . If in other states boys pay more than girls it is because they have losses which exceed that of girls .


Input: Why Is Car Insurance More Expensive For Boys?

Output: Ah , but auto insurance is not ALWAYS more expensive for boys . Youth and inexperience are indeed negative components contributing to higher insurance costs for youthful drivers . At one time , the insurance costs for boys was always higher than for girls , because the stats proved that male drivers were involved in far more claims than their female counterparts . But today the gap is narrowing and the disparity in costs to insure young men vs. young women is narrowing . They continue however to both pay higher rates than experienced drivers . Like anything else in life , practice makes perfect , experience makes better , safer drivers getting lower insurance costs .


Input: Will Homeowners Insurance Pay For Termite Damage?

Output: No , termite damage is usually excluded from the HO3 homeowners policy . Under the Exclusions Section of the HO3 , damage caused by Birds , vermin , rodents , or insects is excluded . If you are interested in a policy review of your home coverage please contact me at fwinterle@creativeins.net . Happy Holidays and Merry Christmas .


Input: How Many Ultrasounds Does Medicare Cover?

Output: This question is usually asked about Medicaid in regards to pregnancy . However , if the question is addressed for Medicare , the answer appears to be the same whether over age 65 and the ultrasounds are used for testing for health conditions , or for a pregnant women who are on Medicare due to being disabled . The criteria is simply that the ultrasounds must be medically necessary and performed by a provider that participates in Medicare .


Input: What Is The Cost Of Medicare Part B?

Output: Medicare Part B premiums in 2013 are $ 105 per month for most Medicare beneficiaries . Higher income individuals and couples will be required to pay a higher rate -LRB- up to $ 231 per month -RRB- . WEBSITELINK If you do not enroll in Part B on a timely basis you may also pay a late enrollment penalty .


Input: Does Auto Insurance Cover Being Sued?

Output: If you are held liable for an accident that you are at fault your bodily injury liability and property damage would cover you in a law suit up to the limit of your policy for damages you caused to the other party . The insurance company has no obligation beyond your coverage limits so if the other party is suing for monies above and beyond your current coverage 's you would need to seek your own legal counsel . If you are being sued for a coverage that is not part of your policy your auto insurance carrier will not defend . Your auto insurance must initially respond to let you know if there is coverage in the particular loss or not . Make sure you have the discussion with your local agent on the particulars of your situation .


Input: Can I Buy Auto Insurance Without A License?

Output: There are some companies that will allow you to purchase an insurance policy without a driver 's license . Typically you must have another licensed driver listed on the policy as they will exclude you from coverage , but it is feasible . Also , if you are looking for physical damage only on the vehicle while it is parked you would not be required to have a valid driver 's license . Talk to a broker to get the full story in your state .


Input: Can I Buy Auto Insurance Without A License?

Output: If you do not have a drivers license you should not be driving a car , it is illegal . If you own a car and drive you should have insurance . It would depend on the laws in your state and the insurance company involved to determine whether or not to issue you a policy .


Input: Why Buy Life Insurance Now?

Output: If you have good health , that is always the best time to buy life insurance . It is cheaper when you have good health . If you have poor health , that is a good reason to buy life insurance . People with poor health need that protection . So good health or poor health , now is a good time to buy life insurance .


Input: Why Buy Life Insurance Now?

Output: Most people have others in their lives that would suffer if they were to pass on . That seems unlikely when you are young and think that you are immortal . Young people die too . They leave behind obligations and expenses . A life policy would help pay those . The one thing that you do have in your favor is that you are probably more insurable today than you will ever be again so you can lock in low rates and perhaps preferred rates . When you insure with permanent insurance these advantages last a lifetime .


Input: How To Plan For Retirement In Your 30s?

Output: Planning for retirement in your thirties in commendable . You can never start planning early enough , especially if you subscribe to Einstein appreciation for compounded interest , i.e. then procrastination is an economic killer . Starting a retirement plan is paying yourself first . If you 're in a high tax bracket and your employer offers a defined contribution plan and matches part of your pretax contribution , do it . If you have no employer plan in place , consider a traditional IRA or Roth IRA . And if you consider a Roth IRA , , you may want to look into a non-qualified cash value life insurance plan .


Input: Can You Sue Someone For Not Having Car Insurance?

Output: You can not sue someone for not having auto insurance . You can sue a person if the persons or party caused bodily injury and/or property damage to you . Auto insurance would normally cover the persons or party in this situation which is why you would carry auto insurance in the first place . However if the persons or party does not have the coverage you may take them to court to seek restitution . But you can not sue the persons or party just for not having auto insurance .


Input: Is Auto Insurance Expensive In Michigan?

Output: I 'll apologize first , but I have to disagree with Brandon . Auto insurance IS expensive in Michigan . As of 30 days ago , we have the second highest auto insurance rates in the country . This is kind of surprising if you compare the statutory coverage in Michigan . We have two things that drive up our costs . First we 're one of 26 no-fault states . Secondly , we 're the only state in the US that has unlimited lifetime personal injury protection . If you 're injured in a car accident in Michigan and you 're covered by an auto insurance policy , you 'll receive unlimited lifetime medical benefits as well as work loss benefits . I personally know people who have been injured in a car accident and been receiving medical care for over 25 years to the tune of over $ 5,000,000 . You 'd think we 'd have the highest rates in the country . Now , just because the average rates here are higher than some other states does n't mean YOU have to pay higher rates . There are many factors that determine the cost of your insurance and you can do things to help reduce your cost . Find a good agent and he/she will be able to tell you how to manage your rates .


Input: Is Auto Insurance Expensive In Michigan?

Output: Auto insurance in Michigan is no more expensive than auto insurance in any state . Auto insurers -- like all insurers -- have varying appetites for risk . Some insurers may not like the average risk associated with policy holders in Michigan and may price themselves out of the market intentionally -LRB- i.e. even though they are n't thrilled about covering you , they 'll gladly take your money if you 're willing to give them enough of it -RRB- . You should seek out he advice of an agent who can show you rates from numerous carriers so you can compare rates and select the best one for you .


Input: How To Calculate How Much Life Insurance I Need?

Output: The proceeds of a life insurance policy paid to your beneficiary should cover D - debt -LRB- credit cards , loans , etc. -RRB- and death -LRB- usually 10k-12k for final expense -RRB- , I - income replacing -LRB- replacing the spouse 's monthly income for at least 10yrs -RRB- , M - mortgage -LRB- paying off the mortgage balance -RRB- , and E - education for the kids -LRB- funding a 4-yr college -RRB- . This formula , the DIME method , will accurately measure the amount of insurance and person needs to carry .


Input: How To Calculate How Much Life Insurance I Need?

Output: Conventional methods center on a capital needs analysis -LRB- how much do I need as a lump sum at my death to create an income for my family -RRB- . Other methods look at Human Life Value and variations on these . The analysis may also address whether the need is indeed a good fit for a temporary or permanent life insurance solution . Ask a life insurance professional to provide a customized analysis for you and your family . There are a wide variety of online calculators such as this one : WEBSITELINK These calculators can help you visualize the problem and better prepare you for a planning discussion with your agent .


Input: Which Company Is Best For Renters Insurance?

Output: That is a great question ! There are a whole bunch of companies out there that sell renters insurance , and it can be tough to pick one . Here are some things you want to look for . First that they are reputable , and fiscally sound . They will need to have a good rating with a company like Standard & Poors , and few if any complaints with the State Department of Insurance . Then you will want to compare what is covered for what price , and at what deductible level . The best policy offers highest coverage at lowest deductible , with the cheapest price . I hope that helps you , thanks for asking !


Input: Which Company Is Best For Renters Insurance?

Output: Companies admitted to do business in your state are under the supervision of your state insurance commissioner . The commissioner tries to make sure every company keeps every promise that they make . Selection of a company is not the critical issue . It is more important to select the correct agent . That agent will guide you into securing appropriate coverage .


Input: Is Disability Insurance Health Insurance?

Output: Is disability insurance health insurance ? NO . Disability is income insurance . It coverage that kicks in when you can not do the material work in your current job . Disability insurance treats your wallet , replacing lost income . Health insurance provides specific money for payment of health treatments . You do n't have to be completely disabled to collect health insurance payouts .


Input: Is Disability Insurance Health Insurance?

Output: No , disability insurance is not the same as health insurance . Health insurance pays some or all of your medical bills if you were to become ill , or for some preventative measures to keep from getting ill . Disability insurance pays some of your paycheck to you if you become disabled for an extended period of time . You are able to spend the cash as you wish , just as when you were working .


Input: Is Disability Insurance Health Insurance?

Output: As Larry mentioned , NO , health insurance and disability insurance are NOT the same thing . As previously mentioned , DI is basically `` income protection . '' If you are unable to work due to a disability , you will receive a monthly benefit for a predetermined amount of time . Health insurance helps pay for doctor visits , surgeries , medicines , etc. . While health insurance pays for medical related things , DI can help pay for your rent , bills , etc. .


Input: Can I Insure A Car That I Will Be Driving For My Use Even Though I Am Not The Registrant?

Output: I am not sure what state you are in But In Montana If someone gives you permission to drive you are covered for the liability damage . If you have no insurable interest in the auto you can Not insure the care . Now if you are both living in the same house you both can be on the same policy . Check with yourstate laws . In Many states the insurance follows the car 1st then the driver so If your name is not on the title the title owner is responsible 1st your insurance would be send in the event of and accident .


Input: How To Calculate Renters Insurance?

Output: If you want an estimate , contact neighbors in similar units and find out what coverage they have and how much they are paying . If you want an accurate quote , contact your trusted insurance agent . If you dont have an agent , get recommendations from your neighbors , friends and colleagues . Make sure that the agent listens to you and delivers what is promised . A quote for a renters policy should only take a few minutes .


Input: How Does Social Security Fit Into A Retirement Plan?

Output: Assuming that Social Security is financially viable , it can be part of a comprehensive retirement plan . One of the new trends in Social Security for baby boomers is to delay taking benefits until age 70 to generate the maximum income . at the same , delaying qualified plan income until 70 1/2 when you must take required minimum distributions .


Input: What Kind Of Blood Work Is Done For Life Insurance?

Output: The blood work done for a life insurance exam tests for glucose , cholesterol , triglycerides , liver function , renal function , drugs , nicotine , and some related labs . By these they can determine whether there may be underlying risks of which even the applicant may be unaware .


Input: What Kind Of Blood Work Is Done For Life Insurance?

Output: Generally if your company requires blood work it is done by a paramedic . They usually check for drugs , tobacco use , aids or HIV , liver abnormalities and other general health indicators that could affect your insurability and rating . Depending on the size of the policy more extensive drug work can be ordered by the company but this is rare .


Input: Does Private Health Insurance Cover CT Scans?

Output: As a general rule health insurance does cover CT scans . It may be listed under your `` xray section '' of the policy . If your membership card has a customer service phone number you should be able to call the company and givee all your policy information and the details of the scan and they can tell you what is covered


Input: Does Private Health Insurance Cover CT Scans?

Output: It 's going to depend on what your plan states and what the CAT is going to be used for . As Bob stated , medically necessary and as a diagnostic tool . A CAT scan used for another purpose , say just as a general check up may not be covered and you should check with your insurance company first before committing to anything like that .


Input: Does Private Health Insurance Cover CT Scans?

Output: Private health insurance plans to cover CT also known as CAT scans when the procedure is considered medically necessary as a diagnostic tool . CT scans are quite expensive and sometimes overused by doctors when a less expensive test could yield the desired information . If in question , and this is a non-emergency situation , consult with your insurance carrier before scheduling the scan .


Input: Will Medicare Pay For Breast Reconstruction?

Output: Medicare will pay for breast reconstruction to repair the breast after injury , to improve the function of the breast , or to reconstruct one of both breasts after a mastectomy . Medicare will also cover the post surgery brassiere . This applies to elective -LRB- prophylactic -RRB- mastectomy for those with strong genetic markers to get breast cancer , as well as those who had the mastectomy as treatment for breast cancer .


Input: Will Medicare Pay For Breast Reconstruction?

Output: When breast reconstruction is merely for cosmetic reasons the procedure is not considered medically necessary and would not be covered . Breast reconstruction surgery is normally covered by Medicare following cancer treatment that includes a radical mastectomy . In some cases Medicare may cover breast reduction and reconstruction when the surgery is done out of medical necessity .


Input: Is Long Term Care Insurance Really Necessary?

Output: Is Long Term Care Insurance a viable value proposition ? The average senior couple will spend $ 250,000 over their retirement in medical and extended care . And speaking of extended , your life expectancy may be five to ten years longer than your predecessors . The odds are high that you will need some assistance in your later years . You need to price out long term care to see if the value proposition works in your circumstance .


Input: Is Long Term Care Insurance Really Necessary?

Output: Is long term care insurance really necessary ? The answer depends on you and what you want to happen to you in a care situation . If you want a say in where you go , how you are treated and what you get to keep asset wise , Long Term Care makes great sense . You can certainly do without it , but understand you give up where you go , how you 're treated and very little if any choice in assets you get to keep . All a long term care policy does is give you control over how you 're treated when you need a care situation . So no , it is not necessary if that does n't matter to you . If it does , then it makes great sense . Long term care is an either you get it or you do n't product . Most purchasers of long term care WANT the product , very few have to be talked into making a purchase . It is one the few products in insurance where you spend a lot of time plugging together options for people as they 've already decided to purchase , so the question becomes what do they want it to do ?


Input: Where Should I Invest If I Cannot Use A Roth IRA?

Output: There are important reasons why you would be interested in having a Roth IRA . Participation is restricted by income which results in many people who really need the benefits of a Roth IRA being unable to open an account . You probably appreciate that the Roth IRA pays benefits after age 59.5 that can be received income tax free . Other qualified plans tax the entire distribution as current income . Unlike a traditional IRA , 403 -LRB- b -RRB- , 401 -LRB- k -RRB- and other plans there arent any mandatory distributions at age 70.5 . These mandatory distributions are fully taxable as ordinary income . The Roth IRA also provides tax benefits that would pass to beneficiaries should you die prior to exhausting your Roth IRA . If you decide to use the funds in the IRA for educational expenses , for a child or yourself , there isnt the 10 % penalty tax assessed as there is in the case of the traditional IRA . You can use the funds for helping in the event of a disability , or use the money for a first-time home purchase , without penalty or tax if the plan has been in effect for more than five years . An easy way to invest in a Roth IRA is to open a regular IRA and when you are done making contributions , convert it to a Roth IRA . You would be taxed on the value of the traditional IRA as though it were current income , however , with some planning you could probably arrange for that to have the same impact that you would have experienced with making the Roth IRA contributions currently . If you have an employer sponsored plan you should contact the plan administrator and tell them that you want a Roth option for their plan . This is not unusual in 401 -LRB- k -RRB- and 403 -LRB- b -RRB- plans . The money could be invested in a Roth 403 -LRB- b -RRB- for example and receive the same treatment as the Roth IRA . The contribution limits would be much higher . The employer might consider this plan particularly advantageous to the more highly compensated employees , but it is a great benefit for all employees . The Third Party Administrator for your employers sponsored plan probably has the language already prepared to institute a Roth option . The fact that so few plans offer a Roth option is due to poor communications . This should be an option that your employer would favor . Your senior people will love the option . It would be a great benefit for all the employees . A permanent life insurance policy has many of the same characteristics of the Roth IRA . Much like the Roth IRA the premiums are paid with after tax dollars . There isnt any current tax deduction for the deposit . In the same way the life insurance policy and Roth IRA provide for a tax deferred -LRB- and ultimately tax-free -RRB- accumulation of cash inside the policy . With the life insurance policy there isnt any restriction on borrowing the money from the cash value . The careful use of loans can result in recovering the cash value without paying income tax . Universal life insurance policies and variable life insurance policies have the ability to accumulate significant amounts of money in this way . Unlike the Roth IRA there arent any income restrictions to participating in a life insurance policy . There isnt a restriction on the amount that you put into the plan . Contributions are at your discretion . Of course the life insurance policy is also self-completing should you die before reaching withdrawing benefits . The variable life insurance policies also afford a person with the option of selecting a mix of security based solutions that will rise and fall with the market . Again , this is similar to some of the investment characteristics found in Roth IRA vehicles .


Input: How Do Life Insurance Companies Determine Rates?

Output: In my career , life insurance companies seem to price their profitability margins against the actuarial tables of the 2001 CSO and create rates based on their actual mortality experience and predicted policy lapses . It is not a science . The pricing difference between companies can be 25 % among the top 35 carriers , so it pays to shop .


Input: How Do Life Insurance Companies Determine Rates?

Output: What is your age ? How about your health ? Are you married ? What is your occupation ? What sports are you active in ? Where do you live ? How often do you see your doctor ? Do you smoke ? Take alcohol ? How often ? Do drugs ? Which and when ? How long ago did you quit doing any of these ? Those are some of the things carriers will consider . Thank you . GARY LANE .


Input: How Do Life Insurance Companies Determine Rates?

Output: Actuaries and marketing executives for an insurance company collaborate during the product development process . The pricing process is really a misnomer : The rates actuaries come up with are by costing more than pricing and then refined by matching up with market based pricing and competitive analysis from the marketing participants in the process . Assumptions from the actuaries for cost of capital , mortality experience , persistency , investment , expense , profitability , volume , etc. go into the mix and are tweaked in an iterative process .


Input: How Do Life Insurance Companies Determine Rates?

Output: In answer to your question each individual life insurance company determines it own rates based on information they currently have available to them which would include , past experience , current trends , and futureestimates.This allows the insurance carrierto offer a quality product at a competitive rate with staying profitable . Pretty much all carriers use the same criteria but not all have the same experiences or look at future outcome the same way which is why you have variable pricing from different companies .


Input: How Do Life Insurance Companies Determine Rates?

Output: Life insurance rates are based on a complicated set of actuarial tables based on mortality . To simplify it , they look at the statistics of how long the average person is expected to live if they are a non-smoker . They also look at gender . There is a mortality table that all insurance companies use . They will use that table to determine rates for the average person -LRB- standard rates -RRB- . They then look at health factors to determine preferred rates for the very healthy and various rate tables as a persons health factors decline and accumulate until a person is no longer considered insurable by a standard policy .


Input: How Exactly Does A Universal Life Insurance Policy Work?

Output: The Universal Life policy is a way to combine term insurance with an investment feature under one plan . You have flexibility of premium . The more you put in , the more your cash value grows . You can skip premiums or put less into the plan as long as there is enough cash in the plan to maintain the insurance cost . In order to make sure the death benefit will be available in your older years you MUST make sure you do not under fund your policy . As you get older the cost of insurance increases . If the cash fund does not maintain enough to pay the insurance cost the policy will lapse . You will receive an annual statement each year , make sure you review this with your agent to make sure your policy is performing as planned .


Input: How Exactly Does A Universal Life Insurance Policy Work?

Output: A very simple way to picture how a Universal Life policy works is with a river with a dam on it . If the dam is open and water -LRB- your insurance premium -RRB- is flowing into the river , the river gets longer . I.e. . The years your Universal Life lasts get longer , maybe even the rest of your life . At the same time , there is very little water in the lake , or cash value in the policy . If the dam is closed , the lake gets higher , or the cash value in your policy grows . However , the river will dry up . If you want your Universal Life to build up cash value AND have longevity , you need to add more water -LRB- premium -RRB- to it . The beauty of a dam is that it can be adjusted to harness the power of water . The same is true of Universal Life insurance . It is very adjustable and can help accomplish your financial goals .


Input: How Exactly Does A Universal Life Insurance Policy Work?

Output: There are several moving parts to a universal life contract , additional parts if its a variable universal life insurance policy . Lets your universal life insurance policy is using an interest rate crediting method . You pay your premium annually . The front end premium load , administration cost , policy fee and mortality are deducted from your premium . Whatever is premium is left receives the interest earnings credited to the policy cash values .


Input: How Exactly Does A Universal Life Insurance Policy Work?

Output: A Universal Life -LRB- UL -RRB- policy is one in which part of your premium goes to pay for the actual cost of the insurance -LRB- the death benefit -RRB- . Since you can pay excess premium , the excess goes toward the cash value portion of the policy . The cash value can continue to grow with your contributions as well as with interest that is earned . UL policies are very flexible in that you can borrow from the cash value , you can adjust the amount you 're paying each month , you can even stop paying premiums because they could actually be paid with the cash value in the policy . You could even -LRB- for example -RRB- build a policy that grows cash value , then literally plan a future withdrawal - maybe for college tuition .


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

Output: Yes it is a felony not to have an auto policy in most states you might not go to jail ifyour caught but you will get a ticket in most cases and have ten days to show proof of insurance and your license can be revoked you also could go to jail if in an accident . It is best to stay out of these situations .


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

Output: Probably not . The requirement to have and maintain car insurance as a condition of registering your car for use on public roads and highways is established by state law , regulated and managed by your state 's Department of Motor Vehicles and enforced by local and State police authorities . If you cancel your car insurance and do not replace it , your DMV may levy a fine and or cancel your car 's registration , which then if you were pulled over may add to the violation charges against you .


Input: What Is Federal Life Insurance?

Output: There is federal life insurance offered to federal employees in a group policy , called FEGLI -LRB- Federal Employees Group Life Insurance -RRB- . There is also a mutual life insurance company called Federal Life Insurance Company -LRB- Mutual -RRB- . The company 's home office is in Riverwoods , IL , and it sells life insurance and annuities .


Input: What Information Do I Need To Get Home Owners Insurance?

Output: Great question . You would need to call in to your insurance broker with the following informaiton : 1 . Home address 2 . Year Built 3 . Square Feet of the house 4 . Mortgage information 5 . Current insurance company some companies may require more information than others but that should be a good start .


Input: How Much Home Insurance Should I Buy?

Output: The correct way to evaluate your need for coverage is to assume that you return home tonight to a smoking pile of rubble sitting on the foundation of what was your home . You also know that a firefighter was injured in the blaze . How much do you want ? I suspect you want to rebuild your home , replace your personal property , have a comfortable place to live while repairs are being made and defend any lawsuit that might arise . That is how much insurance you need .


Input: How Much Home Insurance Should I Buy?

Output: Short answer is the amount that is correct to adequately cover your Home , Personal Property and Liability exposure . The primary element of a Homeowners policy from which most of your premium is driven is , of course , the stated Dwelling Amount . Thjis is not an arbetrary number , but should be based upon the carefulinspection of your home and the completion of a Reconstruction Analysis . Your Insurance professional can work with you and make the proper recommendation . Once that is determined , the stated Personal Property coverage amount will become a percentage of the Dwelling amount . Finally , choose the amount of Liability coverage that best suits your financial exposure as this is protection against any possible action or inaction for which you may be held legally liable .


Input: How Much Home Insurance Should I Buy?

Output: Home insurance is really pretty simple . There are 6 basic coverage parts : Coverage A : Dwelling -LRB- the actual home -RRB- Coverage B : Other Structures -LRB- any detached buildings -RRB- Coverage C : Personal Property -LRB- your `` stuff '' -RRB- Coverage D : Loss of Use Coverage E : Personal Liability -LRB- if your sued -RRB- Coverage F : Medical Payments Coverage A , the dwelling , is the coverage that the other property coverages are calculated from . The right amount depends on the home and how you want claims to be settled . The two basic settlement options are Replacement Cost or Actual Cash Value . Replacement cost is the amount it would take to rebuild your home just like it is . Actual Cash Value is the amount your home is worth . Most people want their home replaced if it 's damaged so most will use Replacement Cost . There is an industry standard estimator that insurance companies use to estimate this . Your insurance agent will be able to estimate this based on the construction and features of your home . Actual Cash Value will take that number and depreciate it . Getting the dwelling amount right is the most important calculation for your insurance . Coverage B is usually 10 % of Coverage A and Coverage C is usually anywhere from 50 % -75 % of Coverage A. Coverage D can be anywhere from 20 % of Coverage A to unlimited . Every company is different . Coverage E is also a very important coverage as this protects your assets in the case someone sues you . How much is right for you ? I usually insure the home for it 's replacement cost and I usually recommend a Personal Liability Limit of at least $ 500,000 . Find an agent you can trust and he/she will be happy to show you many different options and how that computes to premiums . Then you can make an informed decision .


Input: Why Is Life Insurance Not A Contract Of Indemnity?

Output: Life insurance is not a contract of indemnity because it is the other type of insurance contract , a `` valued contract '' . Indemnity insurance pays a benefit equal to the financial loss and seeks to return the insured to their original financial position . It is impossible to succinctly assess the value of a life , to insure it with an indemnity contract . A valued contract pays a stated sum , regardless of the loss incurred , which is how life insurance operates .


Input: Why Is Life Insurance Not A Contract Of Indemnity?

Output: Its an interesting question . Lets take a look at some indemnity agreements and see what we can learn . I am sure you have heard of the bird flu epidemic . I know that the price of eggs has skyrocketed and that has been reflected in the price of baked goods , and everything else that uses eggs . The federal government is stepping in and indemnifying the losses being sustained by agricultural companies to help them remain viable . They can put a hard number on the value of their loss . Frankly , I think the bailout of Wall Street a few years ago was one huge act of indemnification by the government . Thats a topic for another time . War reparations are a form of indemnity . Germany was forced to pay extensive indemnity after its role in World War I. Im sure the actuaries and examiners had a field day adding up the damage . Sometimes you hear about nations that break away from an Empire , such as Haiti from France , having to pay indemnity to cover losses sustained by the parent nation in taxes , etc. . Pretty easy to put a number on that . Homeowners are identified against structural damage and other losses when they take out a homeowners policy . Should disasters like a bad storm occur , the insurance benefit will help the policyowner restore the home to its original state . Also easy here to identify the monetary cost I think we can see a pattern here . Indemnification agreements make a party whole ; they compensate for losses to restore the aggrieved party to its original state of affairs financially . Accurate , current numbers are used . I can see how one would think that life insurance is a form of indemnification . You are , after all , trying to compensate for losses . If the breadwinner of the family makes $ 100,000 a year , then that income would be lost if he or she tragically dies . A $ 1 million life insurance benefit would make up for that loss , at least for 10 years worth . The difference is that you dont have to prove the lost . When the breadwinner dies , he or she could have been making $ 10,000 per year or $ 10 million per year . Regardless , the benefit remains $ 1 million . So life insurance is considered a valued policy or contract . As such , it is very unique . The insured is underwritten at the time of claim , and thats that . At the risk of loss could then go up dramatically , but that benefit will remain the same .


Input: Does Medicaid Take Your Life Insurance?

Output: In Ohio if the cash value of a life insurance policy and other assets is greater than $ 1500 you must spend down . When it come to life insurance you have a few options depending on how long you have had the policy . Prepay your Funeral , assign the policy to the funeral home , or purchase a Funeral Trust with the cash value in the policy . A Funeral Trust policy irrevocably assigns the death benefit of a life insurance policy to a Funeral Trust set up by the insurance company and can only be paid out for expenses directly related to the funeral and final expenses . This makes the policy Medicaid Exempt . In Ohio you can put up to $ 15000 in a Funeral Trust . In some states you would need a Goods and Services contract to go along with the Trust . Your agent should be able to help you with that . If you cash surrender the policy the money can not be gifted to your beneficiary , you must spend it on yourself or use it in the ways mentioned above . There are rules in place that can preserve some of your assets . A good Medicaid Care Resource Planner or Elder Law attorney can help you with that issue .


Input: Does Medicaid Take Your Life Insurance?

Output: Medicaid does n't actually `` take '' your life insurance . You just ca n't qualify for Medicaid assistance if you have more countable assets than Medicaid allows . In most states $ 2,000 is the total allowed to qualify for Medicaid assistance . Checking and savings accounts , retirement money , cash value of life insurance , etc. all count against you when qualifying for Medicaid . Many people will cash surrender their life insurance to qualify for Medicaid . You can also irrevocably assign it to your funeral home and it will be exempt but must be all used for funeral expenses if you do that . An actual funeral preplan life insurance policy that you purchase from a funeral home is always exempt from Medicaid .


Input: What Does Car Insurance Legal Protection Cover?

Output: Your liability coverage will provide legal protection in the event you are sued as a result of covered at fault accident or injury . They generally will represent you in court and deal with the other companies attorneys You will be protected up to the liability limits of your auto policy . In todays world I recommend no less than $ 100,000 and preferably at least $ 300,000 limits of liability .


Input: Does Homeowners Insurance Cover Water Heater Damage?

Output: It would depend on what happened to the water heater and what type of policy you have . If thewater heater is damaged in a fire , or a tornado , you should havecoverage . A `` special form '' insurance policy will normally cover damage from a burst water heater , so they will pay for the clean up of the water but not to replace the water heater it 's self , since it was the cause of the claim . Remember , an insurance policy is for damage , but not maintenance . So if it quits , or does n't function like it is supposed to , that is an expense you would have to absorb . If the water heater is damaged by a `` Covered peril '' -LRB- refer to your contract -RRB- - then yes , it is part of the house and covered like anything else .


Input: What Is IPT On Car Insurance?

Output: IPT as I understand it is Insurance Premium Tax . In the US premium taxes on insurance polices are less obvious and usually run about two percent of the premium built into the final number you pay for the policy . In most states premium taxes are major source of revenue to a state usually behind only Income Taxes , Sales Taxes and Property Taxes Perhaps best if I leave the rest or your question to a European Insurance Professional .


Input: Does Home Insurance Cover The Yard?

Output: It may , most homeowners policy 's include a percentage of the total coverage for plants and trees on the insured property less the policy deductible and up to the policy limits . Please read your policy completely to know what coverage is provided and what exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Age Can I Get Medicare Benefits?

Output: Most people start getting Medicare benefits when they are 65 years old . Some wait until they are older to get Part B . Some get benefits when they are younger due to being on Social Security Disability for two years , or having End Stage Renal Disease or ALS that meets Medicare qualifications .


Input: What Age Can I Get Medicare Benefits?

Output: If you become qualfied because of being on disability for 24 months age is not a restricting factor . For the individuals that have medical problems that cause their disability to be approved at an early age is able to get medicare coverage immediately upon reaching the `` effective dates '' for Part A and Part B shown on your medicare card


Input: Does Auto Insurance Drop When You Turn 25?

Output: With Most carriers the case is yes . The average rate decrease in our state with most carriers is $ 200 decrease on a 6 month policy . Many carriers at your renewal if you turned 25 shortly after your renewal the rate should reflect that you will be 25 on the renewal term . Or ask your agent to requite you after you turn 25 it should lower it .


Input: How To Cancel Progressive Renters Insurance?

Output: Any time you request a cancellation for insurance it 's best to put it in writing . You can write a letter and fax or e-mail it directly to Progressive . I would also recommend following up a day later to make sure they received the document . If you 've moved make sure you include your new address if you are owed a refund .


Input: How To Cancel Progressive Renters Insurance?

Output: Progressive does n't require a signed cancel request and you can access your policy right online and select cancel or call your agent . They are the Fastest when it comes to processing anything you should be able to immediately see the cancelation and if you have any refund . You also can call them direct at 1 800 progressive if you bought it online if you bought it from an agent you can call 1-800-876-5581 Bothe number should be able to assist you . They will tell you immediately if you have a refund coming or not .


Input: Can You Get Health Insurance For Significant Other?

Output: Great question ! Unfortunately , I would need a little more information from you . Are you talking same sex partner ? If so , that would depend upon whether the state you live in recognizes same sex relationships , and the providers stand on the issue . If you are talking common law partner , that also depends upon your State 's recognizing of common law marriages . If you are talking boyfriend or girlfriend , it may be wiser for them to get their own policy , and you make the payments . I hope that helps , if you would like more information , please feel free to contact me . Thanks for asking !


Input: Can You Get Health Insurance For Significant Other?

Output: Well , itapparently depends upon what sex your significant other is . If you are a man and woman living together in a committed relationship but not married , unless your employer 's policy allows for coverage in such situations then theanswer is generally `` No '' and it appears it will be that way going forward . If , however , you are a same sex couple in a committed relationship then in some states this is already accepted . And , a March 14 , 2014 announcement from Health and Human Services will essentially require all health plans that offer coverage for married heterosexual couples to do so for same sex couples married in a jurisdiction that recognizes same sex marriages . This requirement goes into effect on January 1 , 2015 but the Obama administration is encouraging employers to voluntarily comply with this rule before then . Larger , self-insured employers had already been operating under similar rules issued by the Department of Labor last fall . Of course , not every state recognizes same sex marriages . So , you still need to do some homework on your particular situation in your state of residence and the individual or group health insurance contracts issued there . I can see where the need for a domestic partnership agreement will be a good idea in some states but clearly the requirements for health insurance plans regulated under the Affordable Care Act have moved to recognize same sex marriage as being on a par with heterosexual marriage . But a couple just living together with no formal legal commitments , regardless of sexual orientation , would appear to be much more problematic and that kind of `` significant other '' would probably not meet the requirements of being a legitimate dependent under the law .


Input: What Is Aflac Health Insurance?

Output: AFLAC is a company that offers supplementary benefits to individuals and families . Typically , these benefits will be monthly payments designed to help cover expenses from gaps in other insurance plans -LRB- such as health insurance -RRB- . They are not primary policies and are not designed to replace , for example , a disability or health insurance contract that you currently pay for .


Input: Is Therapy Covered By Health Insurance?

Output: That would depend on what type of therapy you need , and which insurance policy you have . All health plans written since January 1 , 2014 must cover traditional physical and mental therapies , though different companies may have a different limit on the number of visits that are covered . To find the best plan for your personal situation , it is best to speak with a licensed , independent agent that works with most , if not all , the insurance companies in your area .


Input: Can You Get Life Insurance If You Have Had Angioplasty?

Output: Yes , you can usually get life insurance if you have had an angioplasty . The rate will depend on how long since you have had the angioplasty -LRB- it helps if the vessel has stayed open at least one year after the procedure was done -RRB- , at what age it was done -LRB- as a general rule , the older , the better -RRB- , the results of subsequent cardiac testing , and whether you have any accompanying health conditions such as diabetes , heart attack , or obesity .


Input: What Is A Face Value Of Life Insurance?

Output: The face value of a life insurance policy is the death benefit amount specified in the contract . Most policies issue a level death benefit which remains the same through out the term of the contract . However some policies use an increasing death benefit option that increases the face amount over time . Some permanent cash value polices may also increase the face amount due to performance of the crediting method usually later on in the life of the policy .


Input: What Is A Face Value Of Life Insurance?

Output: The face value of a life insurance policy is the amount that would be paid to the beneficiary if the insured person died at any given time . It could be higher or lower than the original face amount purchased . Some reasons for that are if the policy is graded during the first years of the policy , if it has a decreasing death benefit , if there is a loan against the policy that was not repaid , or if the policy actually grew in cash value beyond the original face amount .


Input: How Long Does It Take Life Insurance Companies To Pay Out?

Output: It usually takes life insurance companies a week or two to pay the death benefit to the beneficiary . This is a week or two from the time that the death claim and certified death certificate have been received by the life insurance company , notifying them of the death and cause of death .


Input: What's The Best Renters Insurance Company?

Output: There is no best renter 's insurance company since rates vary depending upon the area that you live and other underwriting criteria . To obtain the best rates , and apply for a policy the easiest way , simply contact an experienced broker -LRB- preferably with a recognized website -RRB- . You 'll be able to compare the best renter 's insurance plans .


Input: Does Ebay Offer Health Insurance For Sellers?

Output: I do not believe Ebay has a health insurance plan for sellers . Such a plan would be almost impossible to underwrite and issue . Ebay sellers can be located anywhere in the world . There would be so much diversity in age , gender and health -LRB- primary factors in the rating process -RRB- as to make it impossible to adequately price .


Input: Does Life Insurance Avoid Probate?

Output: If the beneficiary is named directly in the life policy , than yes it avoids probate . If the beneficiary is named the estate , then it would pass through probate and most likely be taxed as an asset . Life insurance proceeds almost all of the time are tax free if left to an individual . Lesson is to use a good advisor to set up beneficiaries properly at point of application to have your loved ones avoid unnecessary expenses at your death .


Input: Does Life Insurance Avoid Probate?

Output: In most cases , yes , but it depends on who owns the life insurance policy . Life insurance beneficiary designations usually can not be changed or overridden by the probate process . One exception is when the beneficiary is suspect in a criminal action that may have caused the death of the insured . If life insurance proceeds are payable to the estate then they would pass through the probate process . If the decedent was the owner of the policy , the proceeds would be included in valuing the estate .


Input: Does Life Insurance Avoid Probate?

Output: Life insurance is personal property of the policy owner who , at his or her discretion , can assign beneficiaries during the application process . The death benefit proceeds are paid directly to the policy beneficiaries . Life insurance polices owner by an irrevocable trust pay death benefit proceeds to the trust beneficiaries .


Input: What Is The Best Rated Life Insurance Company?

Output: AM Best S&P Moody 's Fitch Comdex 1 Teachers Ins & Ann Assoc A + + AA + Aaa AAA 100 2 Northwestern Mutual Life Ins A + + AA + Aaa AAA 100 3 Massachusetts Mutual Life Ins A + + AA + Aa2 AA + 98 4 New York Life Ins Co A + + AA + Aaa AAA 100 5 New York Life Ins & Ann A + + AA + Aaa AAA 100


Input: Which Agency Oversees Medicare?

Output: CMS , the Center for Medicare and Medicaid Services oversees Medicare . It is a federal agency within the United States Department of Health and Human Services -LRB- DHHS -RRB- . CMSadministers the Medicare program and works with states alsoonMedicaid adminstration including children 's programs -LRB- such asState Children 's Health Insurance Program - SCHIP -RRB- . CMS also has a key role in administering HIPAA , and agents also go through CMS for certification of the new Marketplace plans .


Input: How To Plan For Retirement In Your 50's?

Output: Regardless of whether you are in you 50 's and are asking how do I start planning or if you are asking how do I plan on retiring when I am in my 50 's the process is the same . First determine what a successful retirement would look like for you . Once you have a basic outline then you can determine what needs to be done to fund it . The next step would be to work with a financial planner to calculate what needs to be done and how your resources should be allocated to make it happen . You will find addition information on retirement planning on my website www.jpw.ca If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: How Does Group Long Term Disability Insurance Work?

Output: Group Long Term Disability Insurance is coverage that will replace a portion of your salary -LRB- usually about 50 % -RRB- if you are injured severely enough that you can not work for more than a few months ; or have to miss work for an extended period of time due to the symptoms of , or treatments for , an illness . Many employers provide Short Term Disability , or `` sick leave '' , during the first few months . Then the Long Term Disability Insurance kicks in .


Input: How Do I Get A Life Insurance License In Minnesota?

Output: Peggy is correct . You must take a course like WEBSITELINK and then pass the state exam . There are fees and costs all along the way . Plan on spending about $ 500 or so for it all . Talk to your employer about suggestions for this process and recommended courses . I found examfx to be acceptable .


Input: How Do I Get A Life Insurance License In Minnesota?

Output: To get a life insurance license in Minnesota , you must first complete 20 hours of the Minnesota Department of Commerce pre-approved per-license education for life insurance . If you have a two year degree in insurance from a Minnesota vocational school , or a four year business degree from any college with an emphasis in insurance , you are exempt from taking this course . After taking the course , you must pass the life insurance exam and get your license by paying the appropriate fees .


Input: How Long Will My Life Insurance Proceeds Last?

Output: You life insurance proceeds will last according to the type of policy you got . If a Term policy , the policy will specify a certain number of years , such as 10 or 20 . When the end of the term comes up , the policy will end or jump up in price to an incredibly high price . If death occurs during the term , the policy proceeds will be paid . If death does not occur during the term , no proceeds are paid . If Whole Life that you have not borrowed against and have made payments according to schedule , the policy will pay out when you die or when it matures -LRB- usually at age 100 -RRB- , whatever comes first . If Universal Life , the proceeds will last for as long as the policy was set up to last , and according to how it is performing . UL usually has a guaranteed no lapse period of a set number of years , as long as premiums are made . If the interest rate goes up , it can last longer .


Input: Does Owning A Motorcycle Affect Disability Insurance Rates?

Output: No , I would say that owning a motorcycle will not affect your rates . The only way I see it affecting your rates is if you race your motorcycle competitively . In that case , you would need to fill out a hazardous sports questionnaire . Then the carrier would either rate up or exclude the activity .


Input: What Are Variable Annuities Taxed As?

Output: Assuming that the variable annuities are non-qualified , the distribution of gain will be taxed as ordinary income at your effective tax bracket and return of basis will be tax free at the end of distributions once the policy gains has been exhausted . If you annuitize for life time benefits , the basis is amortized to your life expectancy as a portion of your payment from the start of distribution called the exclusion ratio . During the accumulation period , policy gains are tax deferred .


Input: Which Life Insurance Company Is The Best?

Output: The best life insurance company is the one that will insure you . The best policy is the policy that is in force on your life when you die . At that moment no one will care how much was paid in premiums , what the ratings , and financial rankings are . The important thing is that they will pay the claim . Your state insurance commissioner has a very similar view . The best life insurance company pays its claims . Fortunately that is probably the vast majority of the companies admitted to do business in your state .


Input: Which Life Insurance Company Is The Best?

Output: Video Transcript : Which life insurance company is the best ? I do n't know if I can say that , because remember , they all have different fortes . Some are great underwriting companies , some are great death benefit ; cheap premium companies . Some companies are really good about supplemental income ; their cash values are really good and they have a good track record of accumulating wealth . You want to look at ` what is the reason ? What is the area ? ' Each area has their own forte . Some people want highly-rated carriers , so you 're going to look at the big financial strength of a carrier or the carrier 's claims - paying ability . Any of those areas are separate areas of discussion and that 's why it 's difficult to ever say , `` Here 's one , or here 's the best . '' If I 'm looking for price tag , underwriting , cash value accumulation , or just cheap premium just to pay my premium off to cover my liability , it depends upon what category you 're in so I can be able to say , `` Is that the best company ? ''


Input: Which Life Insurance Company Is The Best?

Output: There are many areas where a life insurance company may be classified as the best in that specific area . MetLife , for example , is the largest asset holding life insurance company in the U.S.and has more life insurance in force than any other company . John Hancock has the best five year net investment yield . NACOLAH has the best indexed universal life for healthy insured for income . There are many companies that are excellent in their own right .