Input: If I Move To A New State, How Long Do I Have To Get New Auto Insurance?

Output: If you have 50 agents in 50 states answer that is how many different answers you will receive . Call the Department of motor vehicles in the state you are moving to and ask .


Input: If I Move To A New State, How Long Do I Have To Get New Auto Insurance?

Output: The general answer is soon . You really need to get a new insurance policy as soon as you move to a new state , particularly if that state is going to be your domicile and you have employment there . If you are visiting a state without any intention to work there , the insurance from your domiciled state will be active and will in fact change a bit to conform with the minimum limits required by the new state . If you are going to work and live in the state your current insurance carrier will most likely transfer your policy and issue a conforming policy based upon state law with little or no hassle . You will usually be assigned to an agency that is close to where you are going to live . This is really a painless process unless the insurance company currently insuring your car isnt admitted to do business in the state where you are moving .


Input: If I Move To A New State, How Long Do I Have To Get New Auto Insurance?

Output: Here in Kansas you need to register your auto within 90 days . If you dont take care of this within the 90 day period you could get a ticket .


Input: If I Move To A New State, How Long Do I Have To Get New Auto Insurance?

Output: I can address this question specifically for Florida . The Florida Department of Motor Vehicles requires that you register your car within 10 days . That 's pretty fast and a lot of people find becoming a Florida resident to be a bit stressful . It is important to know that in order to register your car you have to have Florida insurance . Handle the insurance first and take that proof of coverage with you to register . If your insurance carrier writes auto in Florida , changing the policy can be as easy as a cancel/re-write . If you 're changing carriers , be prepared to answer all the necessary questions for your household ... Driver 's License , Date of Birth , SSN and the vehicle information ... VIN number . Your use of vehicle is also important . Many new Floridians are new retirees as well . Be sure to have the policy rated correctly ... as a retired person vs someone who commutes to a job . Depending on the county in Florida , a visit in person with the agent may be necessary to verify no prior damage to the vehicle . Related to this is the need to change your Driver 's License . Depending on what state you are moving from some additional documentation to prove your identity may be required . Be sure to check this out before making the trip to the DMV .


Input: If I Move To A New State, How Long Do I Have To Get New Auto Insurance?

Output: In most cases , your car insurance will cover you throughout all 50 states . The real issue is once you move , how soon do you need to register your cars . That may vary by state regulations , but I can tell you that here in Connecticut , once one establishes residency , one has to register their cars within 30 days . In order to register a car here , like in most if not all other states , you are required to show proof of auto insurance issued on a Connecticut policy form . If you have Nationwide car insurance issued in Virginia , that will not be acceptable proof for the CT DMV so you would have to have your insurance transferred and written here before heading over to DMV .


Input: Can Cancer Survivors Get Life Insurance?

Output: Getting life insurance for a cancer survivor is a case by case situation . If the cancer is stage 0 or 1 , only requiring surgery , and of a type that is unlikely to recur , life insurance might be issued as short as a year after its occurrence . For cancers of blood or internal organs with higher stages and/or lengthy treatment plans , it may take years to qualify for a medically underwritten policy . If the applicant meets the age guidelines , guaranteed issue life insurance is available in most states , regardless of the type and stage and date of diagnosis of the cancer .


Input: What Is Cash Value Of Life Insurance?

Output: Cash value life insurance is a permanent life insurance contract that accumulates cash values based on the crediting method of the policy : participating dividends , interest rate crediting , index crediting , separate sub account crediting using equity and bond instruments -LRB- debiting for losses as well . -RRB- In general terms , once the policy expenses are paid , the earnings , if any , are applied to the remaining cash values .


Input: Does Bank Of America Have Life Insurance?

Output: Bank of America is a bank , not a life insurance company . However Bank of America may act as agents working with different life insurance companies to offer you life insurance . If you work with a Bank of America agent they should disclose what company or companies they are quoting . Personally I think you are better off working with a professional in the field . Particularly an agent who is an independent who can work with multiple companies and is not beholden to any .


Input: Does Homeowners Insurance Cover Tornado Damage?

Output: Homeowners will cover tornado under the wind provision of a policy . Now depending on where you live this is an automatic coverage . Other areas highly prone to tornado have an option for you to exclude wind or pay an extra premium for wind protection . Consult you local agent for the type of policy you carry .


Input: Can Life Insurance Be Revoked?

Output: Revoked may not be the best word , but perhaps denied is what youre looking for . Once life insurance is in force , the two year contestability period begins . If the policy insured commits suicide the death claim by the beneficiaries will be denied . If misstatements , misrepresentations or material omissions are discovered during this period it could constitute fraud and the death claim would be denied .


Input: Can Life Insurance Be Revoked?

Output: It depends on the specifics of the policy , however , generally speaking , most any life insurance policy that you would buy today would be considered `` guaranteed renewable '' . This means that as long as you pay your premiums on time , the company can not cancel/revoke your policy . If you already have a life insurance policy that you are concerned about , it makes sense to check with your agent to get this question answered .


Input: How To Make A Claim For Renters Insurance?

Output: Call your Agent . If you do n't have an agent ... get one ! He/she will be much more helpful in the claims process than calling an 1-800 number . Regardless of who you call , you should tell the person you speak with what you are making a claim on and someone should be in touch with you to verify information and get the process started .


Input: What Is A Sep Simple Qualified Retirement Plan?

Output: The most common retirement accounts for the self-employed are SEP IRAs , Simple IRAs and individual 401 -LRB- k -RRB- s . These plans have two factors in common : up-front tax breaks and tax-deferred saving , meaning you do n't pay taxes until you withdraw the money in retirement.The Roth version of the individual 401 -LRB- k -RRB- is slightly different : you do n't get an up-front tax break , but your money not only grows tax free , withdrawals in retirement are also tax-free . The Simplified Employee Pension -LRB- SEP -RRB- IRA is probably your best bet.You can open one at virtually any bank , mutual fund sponsor or brokerage firm . Annual account fees are low - or non-existent . Your contribution limit is based on a simple formula : You can put away as much as 25 % of your net income , up to a cap that increases periodically to keep pace with inflation - $ 49,000 in 2010 . Money stays sheltered from taxes during your savings years , and what 's additionally appealing is a SEP 's funding flexibility . You can wait to fund the plan until you file your taxes . So if your income turns out to be higher than expected , you can make a large contribution and cut your tax bill . If you have a tough year , you can scale your contribution back.If you work alone now , but aspire to bigger things . Then a Savings Incentive Match Plan for Employees -LRB- SIMPLE -RRB- IRA may be better for you.With a SIMPLE IRA , you can keep investing in the same plan after you hire someone . Though do n't forget what the plan name stands for : you have to match your employees ' contributions , up to 3 % of pay.The main problem with a SIMPLE IRA is that you can stash away no more than $ 11,500 a year -LRB- $ 14,000 if you 're 50 or over -RRB- , which may not be enough to meet your retirement goals . Also , if you need to make a withdrawal from a SIMPLE IRA plan within two years of its inception , the 25 % penalty is significantly higher than the 10 % fee you 'd be charged for early withdrawal from a SEP IRA.Both the SEP IRA and individual 401 -LRB- k -RRB- make it tough on sole proprietors who try to hire even one full-time employee . SEP rules can lock you into expensive contributions . With an individual 401 -LRB- k -RRB- , unless that employee is married to you , you 'll have to stop funding your plan or convert it to the more complex and cumbersome employer version . For that , you 'll surely need professional help , and you may even have to hire a third-party plan administrator . That does n't come cheap .


Input: Does USAA Auto Insurance Cover Rentals?

Output: USAA auto insurance , like most major car insurance carriers , covers rentals . The coverage you have depends on the type of policy you purchase , and what riders -LRB- if any -RRB- you have placed on your policy . Contact USAA directly for specific information about your policy . You 'll receive fast accurate information by phone or via email . As an experienced broker , providing quick and accurate information is one of the tasks we must do on a daily ongoing basis .


Input: What Does Full Coverage Auto Insurance Entail?

Output: Full coverage means that your automobile is covered in the event of an accident or other covered peril . Collision covers your automobile in the event of a collision with a non animate object such as an automobile or other vehicle , or a tree or building . Comprehensive covers your automobile for anything other than a collision , such as an animal strike , hail damage , a tree limb falling on your auto , windshield damage , vandalism . or theft . Generally , these only cover up to the value of the vehicle depreciated for age .


Input: How Much Does Renters Insurance Normally Cost?

Output: Renters insurance insurance like all other insurance is priced based on the insured individual or entity base on their wants , needs and other factors . Insurance is not a product that you buy off the shelf like milk or bread . The rate that one individual pays for renters insurance coverage will more than likely be different from one of their friends purchasing the same coverage . Contact a local agent to discuss your insurance wants and needs so that they can provide you with pricing .


Input: Is It Worth It To Get Disability Insurance?

Output: That is a really good question . With money tight , and tons of choices to make as to what to spend it on , insurance is often one of those choices that gets put off making . Too often , we think , I 'm healthy , or it 'll never happen to me , or I have time to think about it later , and then life happens , and it 's too late . The purpose of disability insurance is to help protect your income if something were to keep you out of work for a significant period of time . If you can find a policy that you can afford , that will cover you at least for a short period of time , you might be able to avoid being one of the 60 % who go bankrupt because of medical emergencies , and the loss of work . If you have a solid financial plan , with your three month savings , and some liquid assets , maybe this is n't something you buy ; but if missing a month of work would sink you and your family , then perhaps it 's worth it to look into . I hope that helps , thanks for asking !


Input: Is It Worth It To Get Disability Insurance?

Output: In most households , people rely on their paychecks that pay the bills . Disability Insurance ensures that you have a paycheck coming in even if the person earning it is disabled for an extended period of time . In that sense , it is worth it . It is impossible to buy Disability Insurance after you are already disabled . So the time to get it before you need it .


Input: Is It Worth It To Get Disability Insurance?

Output: The only time it is worth purchasing disability insurance or any insurance for that matter is when you need it at claim time . Unfortunately , no one knows when that time comes . Disability insurance is a must if you earn an income to live . Statistically you are 8 times more likely to become disabled by an illness or injury than to die from that illness or injury . If you can fit disability in your budget , buy it before it is too late .


Input: Is Health Insurance Required?

Output: Under the Affordable Care Act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of 2 ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . Its important to note that the penalty will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . To avoid the penalty , you need to have health insurance that qualifies as minimum essential coverage . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Is Health Insurance Required?

Output: Great question ! With the passing of the Affordable Care Act , it is now required that Americans have some form of health insurance . It can either be through the healthcare.gov site , -LRB- where you might also qualify for a rebate on the cost -RRB- through a private insurer , through a place of employment for you or your spouse , or through either the Medicare or Medicaid programs . There is a penalty for not enrolling in a plan , and it grows increasingly larger over time . There are limits for when you can enroll , and the next open enrollment period is not until next fall . There are some life events that will allow you to enroll before then , such as new employment , marriage , or the ending of a COBRA coverage . If you would like more information , please contact me , I 'd be happy to help . Thanks for asking !


Input: How To Determine Home Insurance Value?

Output: There are several way to do this . I do this several ways and each carrier has a way they like it done . The key is NOT to be under insured in a event of a loss it could cost you a ton of money . There is call a Marshall Swift Program that many agents and carriers use This is use most often when doing a replacement cost value your agent should be asking you things like what type of carpet you have or hardwood or do you have any bay windows and ect . The next thing to use is your state Property tax information which is usually can be found online at your states cadastral . Now the 3rd way in my opinion is not the best way to determine the value which is the selling price and the appraisal that you get when you are purchasing your home . In many cases this has the land value included in it and you can not insure the land you are insuring the structures . The best advise I would suggest is to talk to a local agent they can run a cost guide for you .


Input: How To Determine Home Insurance Value?

Output: Because insurance companies issuing homeowners policies usually require that the home be insured to the full replacement value , it is best to allow your agent to make this computation for you . When asked about the home . Be careful not to overestimate or underestimate the quality of the home . If you are uncertain ask for definitions of builders grade for example . Normally companies will accept a recognized replacement cost estimate or the declaration of a builder that guarantees that they will rebuild the house for a specified amount . Property price is often the least accurate indicator .


Input: When To Add Children To Auto Insurance?

Output: The policy requires that all the drivers in the household be identified . In California you do not have to identify someone who has a learners permit . Once the person gets a license the insurer must be notified . Agents will frequently start tracking children after their 14th birthday to make sure that drivers license information is gathered in a timely manner .


Input: What Is Health Insurance Rescission?

Output: That is a good question about a bad thing . Rescission is the action taken by an insurance company when they retroactively cancel a policy due to fraud on the applicants part . Before 2010 , an insurer could do it if they found errors or omissions on your application , but in fall 2010 the law was changed to require provable fraud . It makes no difference if your policy is paid to date either . I hope that you never have to find out . Thanks for asking !


Input: What Does Mortgage Disability Insurance Cover?

Output: A mortgage disability policy will make the mortgage payments in the event you are dsabled for a specified period of time . You can purchase this through your bank or some companies offer mortgage disability plans . If you have a mortgage take a look at picking up a mortgage dsability plan . Contact a local independent agent familiar with disability insurance .


Input: How Long Does It Take To Get Auto Insurance?

Output: As long as it takes to go online or drive to your local independent agents office and apply . You will have coverage as soon as you pay your premium . An agent is not permitted to back date a policy and the date and time of the application is recorded . Do not wait until you get a ticket or have an accident to pick up auto insurance .


Input: How To Select Homeowners Insurance?

Output: To select the best home insurance policy , select the best insurance agent . Setting the limits is the key to having a satisfactory claim , and that is ultimately what insurance is all about . The agent should help you evaluate your exposure and point out supplementary coverage that you might need . All of this goes to making up a policy that will pay you what you want when you need it .


Input: How To Select Homeowners Insurance?

Output: I suggest you start by listing all the insurance you are now buying ; auto , tenants or home insurance , health , disability , life , etc. . The list should include a basic outline of the coverage , the insurer or agent and the annual premium . The information on this list may point you in the right direction . I would first consider insurers/agents you are currently doing business with if you are at all satisfied with them.If not , maybe you should be looking for more than just home insurance . Request limits , coverage and deductibles consistent with what you currently purchase.If you have all-risk coverage on your car -LRB- comprehensive and collision -RRB- , I would suggest considering all-risk coverage on your home and other personal property you own . If you have $ 300,000 liability limits on your car , you may want to consider similar limits on your home . Deductibles should be consistent whether they are car , home or medical and represent the amount of risk you are willing and can afford to assume . Features I like to see in home policies include : All-risk * coverage on the home AND personal property , GUARANTEED Replacement cost of your home , consistent liability limits and deductibles . In some locals , you have to be concerned with the perils of Flood , earthquake , sinkhole damage and wind as standard policies limit coverage in these areas . It 's common to look for the least expensive policy but it 's also important to have the RIGHT policy . An insurance policy is just a very expensive piece of paper until you happen to need it .


Input: Does USAA Offer Long Term Care Insurance?

Output: No , USAA does not offer Long Term Care Insurance through their own company . However , USAA agents can help you purchase Long Term Care Insurance underwritten by John Hancock . In order to get a Long Term Care quote from several companies so that you can find your best price , contact a brokerage that sells Long Term Care policies and can explain the features and pros and cons of each type of policy to you .


Input: What Does Assigning A Life Insurance Policy Mean?

Output: The assignment of all or some a life insurance policy is often done as collateral security . The policy owner has the right to do this . There are many scenarios and planning techniques in which assignments are made . It occurs in split dollar arrangements and in situations involving indebtedness . To the extent that some amount of the death benefit was assigned to a third party , that party would receive that amount as a death benefit if death occurs during the existence of the agreement . Normally the assignment would be revocable meaning the policy owner can cancel the agreement at some point . But some estate planning methods involve irrevocable assignments . Policy assignments are also part of the process when a policy owner exchanges one life insurance policy with another . In order to ensure there is no gap in coverage during the process , an absolute assignment of the existing policy to the insurer that will issue the new policy is made . Completion of an exchange agreement with the insurer that will issue the new policy follows and then the new policy is issued before the old policy is surrendered .


Input: Who Regulates Medigap Plans?

Output: While Medigap plans are purchased through private insurance companies , and Medigap plans are administered by private insurance companies , it is actually the Centers for Medicare and Medicaid Services -LRB- CMS -RRB- that regulates these Medicare supplemental insurance plans . The CMS determines what must be covered by these Medigap plans and coordinates them with Medicare Part A and B .


Input: What Is A Medicare Advantage MSA Plan?

Output: A Medicare Advantage MSA Plan is similar to a Health Savings Account -LRB- HSA -RRB- . It allows the Medicare recipient to take out a high deductible Medicare Advantage Plan along with a Medicare Medical Savings Account . Money is deposited into the account by Medicare and is not taxed if used for qualifying medical expenses .


Input: Can You Get Homeowners Insurance With A Pitbull?

Output: That really depends upon the insurance company and how they are filed with the Insurance Department in your state . Some companies may not write the coverage while others may offer coverage but exclude any injuries resulting from dog bite from the policy . Still others may offer full coverage provided the dog has been through extensive obedience training .


Input: Can An Employer Match Roth 401K Contributions?

Output: Subject to any regulatory limitations , an employer should be able to contribute to your 401 -LRB- k -RRB- program if that option is included in the document . Roth 401 -LRB- k -RRB- plans are not available for every employer so you would need to check with your employer . The employer could deduct the contribution as a necessary business expense .


Input: What Is The Difference Between Long Term Care And Disability Insurance?

Output: Long Term Disability and Long Term Care have similar names , so it is easy to see how they can be confused . Long Term Disability is for those who are employed , and the benefit they receive would replace part of the income lost by suffering a long term disability . Long Term Care is for those who are in need of skilled care , and the benefit received either goes straight to the institution providing the care , or to the person receiving the care , to use as they wish .


Input: What Is The Difference Between Long Term Care And Disability Insurance?

Output: Long term care insurance and disability insurance are both morbidity products . Disability insurance is paycheck protection for your income if youre disabled and cant work . Long term care insurance is senior care assistance when you can no longer care for yourself or you need some degree of help .


Input: Why Plan For Retirement Early?

Output: Planning for an early retirement needs to incorporate the high probability of living into your nineties based on present life expectancy trends . That being being said , the traditional retirement age is 65 . Maximum Social Security and qualified plan required minimum distributions are at age 70 1/2 . Even with this understanding , you should start paying yourself today . Procrastination can be have a negative impact later in life .


Input: Whose Insurance Covers Damage To Adjoining Units In A Townhome Fire?

Output: I believe the primary responsibility would fall onto the carrier that insures the unit where the first originated . Depending on the circumstances each owners insurance carrier may step in and pay for the damage claims submitted by their insured and then handle the claims paid with the carrier of the insured where the fire originated . Ultimately all the carriers involved will be trying to get their clients `` whole again '' . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Which Federal Department Manages The Medicare Program?

Output: CMS -LRB- Center for Medicare Services -RRB- , a division of HHS -LRB- Health and Human Services -RRB- is responsible for overseeing the administration of Medicare plans . Claim services for original Medicare are handled by insurance carriers and third party administrators . If you have an Advantage plan , all your benefits are handled by a private insurance carrier that sub-contracts with Medicare -LRB- CMS -RRB- .


Input: Does Health Insurance Pay Nutritionist?

Output: There may be situations where a health insurance plan will cover the cost of nutritional counseling . If you are at risk for type II diabetes , or if you have type II diabetes , your doctor may suggest nutritional counseling to help you control or lose weight . Also , people who are morbidly obese may qualify for nutritional counseling to help them lose weight .


Input: Does Home Insurance Cover Tree Root Damage?

Output: Tree root damage does not fall under the category of sudden and accidental . Tree rootdamageoccurs over a long period of time and istherebyconsidered avoidable . I do understand the problem is out of site out of mind but homeowners have an obligation to maintain their property and if a plant becomes a hazard the issues needs to bedealtwith therefore root damage is not a covered peril of a homeowners policy .


Input: Does Home Insurance Cover Tree Root Damage?

Output: No homeowners insurance will no cover tree root damage . Tree root damage is something that occurs over a period of time . A covered claim would need to be sudden and/or accidental and tree root damage is not sudden . Trees are just a big plant and plants need to be maintained . If they appear to be getting out of hand they need to be trimmed or removed .


Input: Why Is Having Auto Insurance So Important?

Output: As the result of a recent accident where a driver hit a pedestrian in the cross walk , a settlement of approximately $ 750,000 was reached . If you can afford to pay that sort of claim from your existing assets and can do so without any damage to your economic condition , then you dont need any insurance above what is mandated by state law . If not , consider the highest limits that your company will provide .


Input: Why Is Having Auto Insurance So Important?

Output: Having auto insurance coverage can help prevent you or your family from experiencing a devastating financial hardship due to an accident . Depending on the coverage that you have it will help you cover medical expenses , rehabilitation , your vehicle and possibly more thereby preventing you from having a major financial burden .


Input: Why Is Having Auto Insurance So Important?

Output: That is an excellent question ! I am asked all the time why `` I need insurance if I do n't need it '' . I always explain it like this - the whole purpose of protection is to help prevent a bad thing from being worse , right ? Throughout history we 've built fences , moats , armies , etc. to protect ourselves from a potential attack . Did those things get used every day ? Nooope . Once in a great while , but they were immensely helpful when they were needed . That 's the idea behind insurance . You may have years of safe driving under your belt without so much as a parking ticket , but you have no control over the chance that the guy coming around the corner towards you wo n't be coming from the bar , or texting away on his phone . When something like that happens , the insurance is a Godsend . Who has the money to settle a lawsuit or replace a totalled car , let alone repairs or a rental ? Having everyone required to have insurance evens out somewhat the odds that anyone is left unprotected in the event of an accident , and greatly increases your ability to pay for those repairs , replacements , rentals , or reparations , should they be needed . I hope that helps , thanks for asking !


Input: Does State Farm Have Long Term Care Insurance?

Output: State Farm does offer Long Term Care Insurance but has recently suspended Long Term Care sales in California , Arizona , Connecticut , Hawaii , Indiana , Nevada and New York . There has not been a formal announcement as to whether they plan to reintroduce products in those states in the future .


Input: How Does Guaranteed Life Insurance Work?

Output: Guaranteed Life Insurance is coverage that has no medical requirements . The only thing restricting some people from getting it is age -LRB- most policies have a minimum age requirement of 40 to 50 , and maximum age of about 80 -RRB- . Also , policies are only available in the states in which they are approved . Guaranteed Life Insurance has a graded period that varies from company to company . Graded periods are commonly 2 or 3 years long . During the first 2 or 3 years of the policy , if death would occur due to natural causes , a percent of the face amount is paid , or all the premiums are paid back with an additional percent added . During the graded period , accidental death usually pays 100 % . After the graded period , the policy pays 100 % for death by any reason .


Input: How Does Guaranteed Life Insurance Work?

Output: 1 -RRB- If by guaranteed life insurance you are referring to guaranteed issue life Insurance , that is coverage that can not be declined for health reasons . The policies usually have rather narrow age guidelines , low maximum face amounts , and are graded during the first 1-3 years for death due to natural causes . E.g. . If the insured person died of a heart attack during the first years of the policy , the beneficiary would receive a reduced death benefit -LRB- often return of premium , plus a little extra -RRB- . If death occurs after the graded period ends , the policy pays the full face amount . It usually pays 100 % of the face amount from day one for accidental death . Some guaranteed issue life insurance policy premiums are guaranteed not to go up for life . Some can go up every year , and others are in between -LRB- e.g. can go up every 5 years -RRB- . Keep in mind that you will want to be able to afford this policy in the years ahead , and get lifetime guaranteed level premiums , if possible . Guaranteed issue life insurance can be a good choice for people who can not qualify for any other coverage . Even if death is anticipated within the first two years , the return is better than any savings account . And people are often able to survive serious diseases beyond what is expected . 2 -RRB- If by guaranteed life insurance you mean life insurance where the premium and face amount are guaranteed , it simply means that the premium can not go up , and the face amount can not go down , for a certain period of time . In Term insurance , the guaranteed level period is usually for the term of the policy . In Universal Life , the guaranteed period can be for life , or it can be for a set number of years .


Input: Will My Homeowners Insurance Cover Renters?

Output: The personal property of tenants is not covered in your homeowners policy . You are not responsible for their personal property . The tenant should purchase their own insurance . If the tenant has the right to invite people onto the property you might consider requiring that they have a tenants policy . They are responsible for any personal injury or physical damage that could occur .


Input: Does Life Insurance Test For Alcohol?

Output: Long term alcohol usage can cause cirrhosis of the liver , which will also cause liver function test elevations . This would most likely have a significant impact on your premium at best and would cause you to be declined for life insurance at worst . The casual use of alcohol can also have a direct impact on your life insurance in several ways . Alcohol consumption in the hours prior to a blood test will often cause some liver enzyme elevations . These small elevations could make the difference between rating categories causing you to pay a higher premium than you would have otherwise . In some cases it is also possible that a small elevation could cause you to be declined for life insurance . Consider a person who had a DUI conviction twenty years ago . On it 's own , this might not have any impact on a current life insurance application . Likewise slight liver function test elevations may not be a major concern to the underwriter . However , in combination this may lead to the impression that there is a long term alcohol problem . This is one of the reasons that we always recommend that applicants abstain from alcohol consumption for at least 24 hours prior to their exam .


Input: Does Life Insurance Test For Alcohol?

Output: Not specifically . That said your life insurance exam results can be altered by the consumption of alcohol prior to the blood and urine draws . Blood sugars and other body chemistry can be altered by the consumption of alcohol in the hours prior . Enough so that a person could lose 2 or 3 levels of classifications which in turn would mean a much much higher cost . If this situation occurs , most companies will give an applicant another chance at their expense to clear up the test results . It is always wise not to `` over do '' anything the night prior to testing .


Input: Does Life Insurance Test For Alcohol?

Output: Elevated liver function test results from the life insurance exam will cause underwriters to look for the cause of the abnormal lab results . In doing so , they may do additional testing , order medical records , and/or request that the applicant fill out an alcohol questionnaire . Mild to moderate alcohol use is not generally a problem , unless you have a health condition that requires that you not drink . But excessive alcohol use , as indicated through liver function , can indeed cause higher ratings or declines .


Input: What Is The Cheapest Kind Of Car Insurance?

Output: Liability only coverage is the lowest cost auto insurance that you can purchase in most cases . This coverage only provides coverage to others if you are involve in an accident that you are deemed responsible for . Comprehensive and collision are the types of coverage that provide coverage for your vehicle . Read your policy completely to understand the coverage provided and any exclusions that may be contained within .


Input: What Is A Good Price For Long Term Care Insurance?

Output: Long term insurance companies use a variety of information to determine the cost of Long Term Care Insurance . Age will be the biggest factor . Therefore trying to give you a good premuim scenario is impossible . Your best bet is to contact three major carriers in your area and have them run a price quote within your budget range . Base the premium on what your budget will comfortably allow .


Input: Why Create An Irrevocable Life Insurance Trust?

Output: An irrevocable life insurance trust -LRB- ILIT -RRB- is a legal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . ILITs receive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed -LRB- think of it like putting the contents in a vault and throwing away the key - it ca n't be opened til the insured dies -RRB- . An ILIT can offer many substantial advantages to protect life insurance proceeds . It can also help you distribute your property to your children at the least possible cost . If you have a taxable estate , you have a choice - pay the tax with your own money or pay only a fraction of the tax and use someone else 's money to pay the rest . If you want to use someone elses money to pay the tax , you can buy a life insurance policy . The type of life insurance policy will depend on the specific circumstances , but is usually a survivorship universal life policy if used for estate tax purposes . The life insurance policy may be secured for pennies on each dollar of tax that you owe . By putting the life insurance policy in an irrevocable trust , the proceeds become available to pay taxes due upon death . A life insurance policy that you purchase will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate . This is a huge tax savings , especially if the proceeds are several million dollars . If you keep the policy outside of the trust -LRB- e.g. , as owned by a natural person or a revocable trust -RRB- , the proceeds will be included in calculating the size of the estate potentially increasing the size of the estate by a big margin , and you may therefore have to pay much higher estate taxes before any of the property can be distributed to your children or other beneficiaries .


Input: Why Create An Irrevocable Life Insurance Trust?

Output: The main purpose of an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- is to avoid the taxing of life insurance proceeds upon death of the insured . The trust becomes the owner of the life insurance policy alleviating the increased assets of the insured . Often spouses and or children become the trustees . Also , ILIT 's are used as a source of quick cash to pay estate tax bills without increasing the overall size of your estate .


Input: Why Create An Irrevocable Life Insurance Trust?

Output: Great question ! In addition to the tax savings and sailing through probate , often there are some other benefits offered by the companies that can make these attractive . There are companies that will provide legal services for will writing and estate planning ; some will provide you with the opportunity to pre-plan and create your own funeral service , so your loved ones do n't have to . If you would like more information , please contact me , I 'd be happy to help . Thanks for asking !


Input: Is Critical Illness Insurance The Same As PPI?

Output: Critical Illness Insurance is not the same as PPI , or Payment Protection Insurance . Critical Illness Insurance pays a cash benefit to the person insured by the policy , when the insured person is diagnosed with a serious disease listed in the policy . The cash benefit can be used as the insured person wishes . PPI payments are triggered when the insured person is unable to work due to job loss . The inability to work may be due to illness or other reasons . The payments go to repay a lender who is carrying a mortgage or large loan for the insured person .


Input: Is Critical Illness Insurance The Same As PPI?

Output: PPI stands for Payment Protection Insurance . If the insured person is unable to work due to disability or losing a job for any reason , the policy will pay the benefit directly to a lender to pay off the money owed to them by the insured person . Critical Illness Insurance pays the benefit to the insured person if they are diagnosed with a particular disease as outlined in the policy .


Input: Can You Get Life Insurance On Anybody?

Output: No , you can not get life insurance on anybody , and not everybody can get life insurance on you . In order to get life insurance on the life of someone else , the owner of the policy must have some financial connection to that person . If it is not a close relative , an eligible person may be someone who owes you a substantial amount of money , for whom your are providing a home , or some other insurable interest . That guideline helps prevent people from taking out policies on others just to make a windfall , or even for criminal intent .


Input: Can You Get Life Insurance On Anybody?

Output: The answer has two distinct parts to it . Part One : You can only purchase life insurance on someone you have an `` insurable interest '' in . This means you have some financial interest in them continuing to live . Such as a spouse , a child , a business associate , or some relative with whom you may be in some manner financially associated with . Part Two : Not everyone can have life insurance , except for the `` Guaranteed '' type insurance , which is for relatively low amounts of death benefit , and a relatively high premium . This may come through a group plan or a general advertisement.For the other types of life insurance , your health will be checked , unless you are a member of a group doing open enrollment , where the premiums are averaged out among sick and healthy members . After a health check , the company will make an offer of what they will charge and what death benefit they will offer . You may not get what you hoped for . Your best bet is to do everything you can to make sure your health exam will find you in the best health possible . Do not lie . They will find out . The company with the lowest rate is not always the one with the best coverage . Keep the reputation of the company in mind . Always best to go with the best life insurance company you can find who will cover you . Gary Lane 949 797 2424 .


Input: How To Be An Independent Life Insurance Agent?

Output: To be an independent life insurance agent , you need to have some savings to help you get started , and be able to live on little to no income for the first year . You will need to study and be tested for your license , then buy E&O insurance and get contracted with a number of companies . You should find a good General Agency to help you with this part . Then start prospecting for clients . Most life insurance agents contact people they know , but you can also set up a website and learn SEO to help you gain leads . It takes a lot of gumption , but if you are a financially savvy `` people person '' , it can be a rewarding career to be an independent life insurance agent .


Input: Is It Illegal To Not Have Renters Insurance?

Output: Great question ! Unlike auto and health insurances , there are no laws requiring you to carry this insurance . That said , if you have stuff that you will keep in a building that someone else owns , -LRB- who is n't going to replace it for you should something bad happen to it -RRB- That is reason enough to have it . Your belongings are not covered under the apartment complex 's policy , and there are many people who learn that the hard way . Please consider getting a policy , they are relatively inexpensive , and can make a huge difference in your life if you ever need it . If you need help , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Is It Illegal To Not Have Renters Insurance?

Output: No it is not illegal . The building 's property owner may include having renters insurance as a requirement and condition of your lease , however , and this both common practice certainly legitimate . Talk with your insurance professional , though because there are many more reasons to have renters insurance if you need it than there are to NOT have it .


Input: Is It Illegal To Not Have Renters Insurance?

Output: No , there are no requirements that would make it illegal to not have renter 's insurance . In fact , the majority of renters in America do not carry any such coverage . If you are interested in obtaining this type of insurance , you should speak with an agent in your area . If you purchase this coverage through the same carrier as your auto owners coverage , you will typically receive a much lower rate for carrying multiple policies .


Input: Is Social Security A Retirement Plan?

Output: Social Security is a supplemental retirement plan . It is generally not advised that one plan to use social security as his or her sole retirement plan . Originally Social Security was designed to be an income plan for people who had lived extraordinarily long and were at a stage in life where working became extremely difficult if not physically impossible .


Input: Can I Add My Girlfriend To My Auto Insurance Policy?

Output: Insurance follows the car . You can add any member of your household to your policy . You can loan your car to anyone you please . If your girlfriend did n't live with you and was in an accident while operating your car with your permission , she would be covered to the limits of your policy .


Input: Which States Offer State Disability Insurance?

Output: California , New Jersey , Rhode Island , Hawaii and New York offer short term State Disability Insurance programs . Workers are protected from losing their jobs due to inability to work for short term illnesses or injuries that are incurred while not working on the job in these five states . Some states provide their own insurance , while others mandate that private employers provide it .


Input: Which States Offer State Disability Insurance?

Output: California , Hawaii , New Jersey , New York and Rhode Island either offer short term disability insurance or mandate that employers provide it to their employees . The details for each plan vary widely , depending on the state .


Input: Can You Get Car Insurance After An Accident?

Output: Absolutely , but you are going to have to pay for it . You can always get insurance after an accident , but be aware that it will effect your premium . Even if we assume that the accident was not your fault , many insurance companies will view it as a ding against you being a profitable risk . So , in order to turn you into a profitable risk they will charge you more for your premium . My best advice is to shop around because some insurance companies will not want to insure you , which will be made evident by monthly premiums being upwards of $ 300 . I hope this information helps .


Input: Who Is Not Eligible For Medicare Part B?

Output: You must be eligible for Medicare Part A to be eligible for Medicare Part B . If you do not qualify for premium-free Part A , you must either be a United States citizen , a permanent resident , or another lawfully admitted resident -LRB- with at least 5 years of permanent residency in the U.S. -RRB- when you go to apply for Part B . If you do n't meet these requirements , you would not be eligible for Part B. Also , if you 're under 65 and do not meet the disability or end-stage renal disease exceptions to receive Medicare benefits , you would not be eligible for Medicare Part B .


Input: Why Would My Homeowners Insurance Go Up?

Output: Homeowners policies with replacement cost coverage generally have a clause that adjusts the amount of coverage each year to keep pace with increased cost of construction . That typically accounts for about a 3 % annual increase in the homeowners premium . The effects of a claim can be quite noticeable . Beside the claim , the homeowner might be losing a claims free discount . Finally , companies do adjust their rates . Although they do operate on a very slim margin , the company may file to make sure that they remain viable in a particular state .


Input: Why Would My Homeowners Insurance Go Up?

Output: Great question ! There are a few reasons why it may have increased . Did you file a claim ? That may sometimes have an effect on your rate . Did you have other policies -LRB- Auto , life , etc. -RRB- tied to that policy that you may have ended that cancelled a discount that you were receiving ? It may be just that the company raised its rates because their profits were down , and they wanted to recoup them . I advise that you call them , and have them explain to you what the reason was . If you need more help , please contact me , I 'd be happy to help . Thanks for asking !


Input: Does An Auto Lease Include Insurance?

Output: Yes in fact most dealers will not lease you a vehicle unless you carry full coverage insurance with specified limits . Generally those limits are at least $ 300,000 in liability and $ 1000 or less deductible on your collision coverage . When you lease a vehicle the dealer technically still owns the car and he is going to make sure he is protected .


Input: Does An Auto Lease Include Insurance?

Output: Very good question the answer is no . When you lease a car you have to buy insurance on your own . The leasing bank does require you to have auto insurance at a certian limits of libility . Its not included but required . Most leasing companies do check and vertify you have car insurance .


Input: How To Compare Health Insurance Plans?

Output: That is an excellent question ! With any insurance plan , the idea is to compare the important things - coverage , cost , availability of services , and your deductible and out of pocket expenses . You want to look for a plan that offers the most services -LRB- what will they allow for payment as far as treatments , services , etc. -RRB- for the least amount of money -LRB- your monthly premium cost -RRB- , with the lowest amount that you have to pay before they do -LRB- your co-pays and deductibles -RRB- , in the widest network of providers -LRB- People who can do these treatments or services and accept this insurance -RRB- . The Affordable Care Act -LRB- Obamacare -RRB- Government exchange site , www.healthcare.gov provides you with the opportunity to compare plans , as well as determine whether you 'd qualify for discounts , without obligating you to any purchase . It 's a great way to get an idea of what is being offered in your area . If you choose to look for a local insurer for the coverage , it gives you a good frame of reference to work from . I hope that you find what you are looking for , thank you for asking !


Input: What Is A 403 B Tax Deferred Annuity?

Output: That is a great question ! A 403b is a retirement plan that is set up for certain occupations , like school teachers , Ministers , and some tax exempt organizations . They can be funded by annuities , custodial mutual fund accounts , or a combination of both . The contributions can be made to an account pre-tax , and taxed upon withdrawal , or they can be in a Roth and taxes on contributions paid in result in tax free withdrawals . You will want to see which plan options are available to you , and speak with an adviser about what would work best for you . Thanks for asking !


Input: What Is A 403 B Tax Deferred Annuity?

Output: 403 -LRB- b -RRB- is a section in the Internal Revenue Code that allows certain occupations to defer income for the purpose of retirement . An annuity is not the sole funding mechanism for a 403 -LRB- b -RRB- . Annuities are probably the most popular vehicle . If your employer can offer a 403 -LRB- b -RRB- they will provide information about their program . Basically taxes are deferred during the accumulation phase and the payout in retirement is taxed as ordinary income .


Input: What Are The Best Medicare Advantage Plans?

Output: There is no `` best '' Medicare Advantage plan . Benefits and premiums vary by zip code and from year to year . The `` best '' plan is the one that fits your needs and budget . Medicare Advantage plans are similar to traditional major medical plans in that they have copay 's and deductibles . But the difference stops there . Most Advantage plans have networks . Some networks are local while others are regional . Some Advantage plans only include coverage if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions are made to the out of network penalty for true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment . In most areas less than half the doctors accept ANY Medicare Advantage plans . Even if your doctor does accept Advantage patients they may not participate in your particular plan


Input: What Are The Best Medicare Advantage Plans?

Output: No Medicare Advantage Plan is best . Everyone has different needs and different things they want . One person would consider the plan with the lowest premium to be best . A different person would consider the plan with the lowest max out of pocket to be best . The centers for Medicare and Medicaid have actually banned the use of the word best when describing any of the Advantage Plans .


Input: Does Car Insurance Cover Hail?

Output: Hail is typically covered under the comprehensive portion of your car insurance . Often , there is little or no deductible . The cost of repair is extremely expensive -LRB- often thousands of dollars -RRB- , so whenever possible , keep your vehicle indoors when hail is forecast . You can also view the comprehensive deductible you have on your declarations page .


Input: Is United Healthcare A Good Health Insurance?

Output: United Healthcare is one of the largest companies in the world and ranks in the top 20 of the Fortune 500 . It insures more people than any other company for health insurance and Medicare plans . Their plans are solid and there history of rate increases has been competitive . Yes , I consider it a very good company .


Input: Why Do We Need A Retirement Plan?

Output: Without a retirement plan , your money will probably go to whatever appears to be most urgent at the time . For people with wealth , this could be your children wanting to go to the most expensive colleges , your spouse wanting to buy a very expensive home , or you wanting to take up an extremely costly hobby . For those of more modest means , it could simply be eating out every day . No matter where you are pulled to spend your money , without a plan , there may not be enough left to retire on . Considering that you could easily live 20 years past the age when you retire , it is important to plan ahead so that those years are as comfortable as the years preceding them .


Input: Why Do We Need A Retirement Plan?

Output: As a young professional , I view my retirement plan as a top priority . Many do not begin putting their plan in place until after they have children or perhaps when they reach a certain age , say 45 or 50 . The truth is , the earlier you begin your retirement plan the more likely you will succeed with it . There are many ways to create your retirement fund , but they all begin with saving . If you start saving now , you will have enough saved up to either live comfortably off of when you do retire , or to put those funds towards something like an annuity that guarantees you will have money to live off of for the rest of your life . Call your agent today to discuss your options and discover what makes the most sense for you .


Input: Why Do We Need A Retirement Plan?

Output: Someday we will want to or have to retire . How we save today will determine how we live in retirement . A retirement plans is simply paying your self first every pay check . It 's investing in your senior lifestyle . Social Security can help , but more than likely it 's going to be inadequate . So it 's important to live a little lower lifestyle today and set aside money for a comfortable lifestyle in your golden years .


Input: Is AAA Term Life Insurance Good?

Output: AAA Term life insurance has the same guarantees of most Term life insurance . As of June , 2012 , their company 's AM Best rating is A - . To compare rates with AAA Term life insurance , go to a website offering instant life insurance quotes . Also , be sure to review the health requirements needed for AAA life insurance before applying . If you apply and are declined , it will go on your MIB and could make it more difficult to purchase some other life insurance policies .


Input: Does Medicare Pay For Esteem Hearing Implant?

Output: Unfortunately , Medicare does not pay for Esteem hearing implant because it is a fully implantable inner ear hearing aid , and hearing aids are excluded . Medicare will cover prosthetic devices that replace the function of the middle ear , but does not address whether Esteem is considered this type of prosthetic device .


Input: What Kind Of Term Life Insurance Do I Need?

Output: what kind of term life do I need ? Well , first and foremost you need the convertible kind of term insurance . Why ? Because if you miscalculate and have to continue your coverage a convertible policy allows you to purchase a new policy from the company you purchased the term from without having to prove good health . Believe me , this is the most important part of a term policy as it protects you from being wrong about how long you 'll need coverage .


Input: What Kind Of Term Life Insurance Do I Need?

Output: The name Term indicates that the policy is all about a period of time . If those you love or those you owe will only need money in the event of your death during a particular period of time , select the term policy that matches that period of time . For example , if you owe $ 100,000 but the debt is scheduled to be repaid in ten years , then purchase a 10 year term policy .


Input: What Kind Of Term Life Insurance Do I Need?

Output: I suggest the first question should rather be what type of life insurance do you need . It may not just be term . Consider permanent . While more expensive the first two years , with its appreciation and locked in premium for a lifetime , overall it actually ends up being less expensive and can be borrowed against and never repaid and kept tax free and also can pass an inheritance tax free -LRB- as can term of course -RRB- . But if term is the only answer for you , than at lease consider term which will allow you to convert some or all of it to permanent later . Also think about universal term or indexed universal term . They can have some growth and may even lock some of that in . Do not get an extremely long term , because the majority of folks let it lapse , while having paid extra each month just to have that longer period . Always think about converting as least some of it to permanent . Discuss your options with your agent . Thank you . GARY LANE .


Input: What Kind Of Term Life Insurance Do I Need?

Output: When buying Term Life Insurance , it is a good idea to match the length of the term with life events . E.g. Becoming a parent . Losing your income could cause great hardship to your children , until the age when they are earning their own living . So 20-30 year Term is recommended . Yes , you could get 10 year Term and then buy a new policy when the first one expires . But what if you develop a serious illness in the next 10 years , are charged higher premiums , have medical bills piled up , maybe even had to go on disability , and ca n't afford the new policy ? Sounds far fetched , but that is honestly a more probable scenario than your passing away in the next 10 years . Matching the length of your Term policy to your need -LRB- based on life events -RRB- can save you a lot of money in the long run .


Input: Does Renters Insurance Cover Falls?

Output: That is a great question ! Your answer will be found in your homeowners policy , and the details of the accident . If the fall was due to some fault of yours , on your property , then hopefully your liability portion of your policy has you covered . But not all policies are the same , so you may want to contact your agent and have them give you your answer . Good luck , and thank you for asking !


Input: Does Renters Insurance Cover Falls?

Output: It may . Your renters insurance provides some liability coverage for accidents that occur on your premise that is listed on the policy that you are deemed responsible for . Most carriers provide one hundred thousand dollars of liability coverage in a base policy . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Are Car Insurance Deductibles?

Output: Car insurance deductibles are typically applied to the collision and comprehensive portion of your auto insurance policy . The deductibles are the portion of the claim you must pay . Thus , if your damage was $ 4500 and your deductible was $ 500 , you would be reimbursed $ 4,000 for the repair of the car or other damage sustained from a covered loss .


Input: When Do You Plan For Retirement?

Output: The first day of full employment you should pay yourself first via a retirement plan . Even if it 's a small monthly amount , start your money discipline every pay period . Procrastination can be costly . Saving or investing today will have a direct impact on your retirement lifestyle in the future .


Input: What Health Insurance Can I Get With A Pre-Existing Condition?

Output: One of the main provisions of the Affordable Health Care Act that went into effect January 1 of this year , is that one can no longer be refused coverage for a pre existing condition . Coverage information and premium ratesare available from many insurance providers that are compliant with the new law and can be found either through the Federal Government 's web site or various state Health Exchanges .


Input: How To Make A Claim On Renters Insurance?

Output: If you have renters insurance and you have a claim the place to start is to call the claims department of your current carrier . This number should be located on your policy declaration pages and possibly your billing statements . If you do not have the paperwork handy contact your local agent and they can help get you the information that you need .


Input: Should Homeowners Insurance Go Up Every Year?

Output: Homeowner insurance premiums do not necessarily increase every year but they often do , for some of the following reasons . Check to see if your homeowner insurance carrier was granted a rate increase in your State . That would certainly be a reason . Absent a rate increase or increased hazards with regard to your property -LRB- new swimming pool , dangerous pets , etc. -RRB- , it is possible that your homeowner insurance carrier utilizes an automatic inflation guard feature , to account for increased construction costs in your area , including labor , materials , adherence to local building regulations , etc. . Check with your agent to review your policy . You may want to increase your deductible . You may also want to have the agent obtain rates for you from other carriers in your area . Try to get the strongest rated carriers , if pricing is competitive and coverages are what you want .


Input: Should Homeowners Insurance Go Up Every Year?

Output: If your policy is increasing rapidly , you should visit your insurance agent and determine what is happening . Often the automatic increases mandated when a policy has guaranteed replacement cost as the adjustment basis , accelerate too quickly . It only takes a few minutes to run an estimate to rebuild your home and armed with that information insurance companies will usually reduce coverage to the appropriate level with reductions in premium as well .


Input: What Does 30 Year Term Life Insurance Mean?

Output: Thirty Year Term means that the policy will be in force for 30 years , at which time the policy may be renewed if that option is available or unless it converted to a permanent policy -LRB- again if that option is available -RRB- , it will terminate . There are a couple different types of term policies . Level Term means the face amount will stay level for the term of the policy . This is most common . There is also decreasing term , meaning the face amount decreases over the term of the policy . This is usually used to cover a mortgage for example . There is also increasing term where the death benefit increases over the term of the policy . This is far less common . There are some term policies that allow for premium increases during the term of the policy so be careful and do n't just assume the premium will stay level . I have seen some contracts that allow companies to increase premiums based on there mortality experience .


Input: What Does 30 Year Term Life Insurance Mean?

Output: It means that based on your current age and qualifications , you receive a fixed premium for the coverage amount requested for a 30-year period . This premium wo n't change for the remainder of the term once the policy is issued and bound as long as you make payments on-time and avoid lapsing coverage . At the end of the 30 years , the policy is terminated . Some policies allow you to convert or continue past the 30 year period at a substantially higher premium , otherwise you would be left to acquire a new policy at your new age 's underwriting standards and premium rates .


Input: What Does 30 Year Term Life Insurance Mean?

Output: The 30 years refers to the period of time where the premium is level in cost . It could be 10,15 20 or 25 level years as well . Most policies these days are written to last past their level premium window . Most will continue in force to age 90 or 95 . That said , the premium jump would be significant and would increase every year there after .


Input: Does Medicare Cover A Nose Job?

Output: Medicare will cover a nose job when it is considered medically necessary - this is generally seen with things like corrective surgery due to a broken nose . If the nose job is only warranted for cosmetic purposes , you would be paying for the procedure out of pocket .


Input: How To Work From Home As An Insurance Agent?

Output: First get licensed in your state . Then get contracts with some companies either directly or through a marketing organization . Working from home takes a lot ofdiscipline For a new agent I highly recommend going through an organization that provides training and support and mentoring . You can still work at home but having the structure of weekly training meetings will help keep you motivated and give you the help you need to get started .


Input: How To Work From Home As An Insurance Agent?

Output: There are steps you can take to increase your chances of success while working as a life insurance agent from home . See my article , WEBSITELINK , for 10 steps to setting up a successful online life insurance business . Once you have that part done , you will be set to reach out tofriends , relatives , neighbors and others .


Input: What Is The Average Cost Of Medicare Part C?

Output: Medicare part `` C '' is an insurance product designed to help with the 20 % cost , the member is responsible for with traditional Medicare . It is administered by private insurance companies , & premiums can be as little as zero dollars per month . If Medicare Advantage is not purchased members should purchase a Medi-Gap or Medicare supplement insurance to cover the 20 % risk exposure . A members heart attack cost $ 440,000.00 the members co insurance was $ 88,000.00 , with a Medicare Advantage there is a maximum annual out of pocket usually around $ 3,000.00 .


Input: What Is The Average Cost Of Medicare Part C?

Output: When looking at the average cost of Medicare Part C a person should consider the monthly premium as well as the out of pocket costs throughout the year . In many states the premium for a Medicare Part C -LRB- or Medicare Advantage Plan -RRB- can be $ 0 per month to $ 50 per month . However , the max out of pocket costs can be as much as $ 6,700 per year . You will also want to make sure you are happy with the network of doctors and hospitals that are available to you . Going to a provider outside of the network can cost you a lot more . You may also need to get a referral before seeing a specialist . In contrast , those that have a Medicare Supplement Plan have a monthly premium but have far less out of pocket costs throughout the year . There is also no network which means you can see any doctor or hospital you like . You also do not need to worry about getting a referral for a specialist . The benefits of a Medicare Supplement Plan -LRB- Medigap Plan -RRB- can not change from year to year . An independent agent will be able to help get you all the information so that you can decide which is better for your specific situation . For more information about Medicare visit our website .


Input: Do I Need To Enroll In Medicare Every Year?

Output: No , you do not need to enroll in Medicare every year.However I recommend reviewing your plan annually to determine if it is still the best plan to suit your specific needs . Medicare part D -LRB- prescription drug coverage -RRB- should be reviewed as well . For both Medicare Advantage and Prescription drug coverage the enrollment period to make a change in plans is from October 15th thru December 7th .


Input: Do I Need To Enroll In Medicare Every Year?

Output: Once you are enrolled in Medicare Part A and Part B , that is it . You do not need to re-enroll in Medicare . If you have a Medicare Advantage plan -LRB- sometimes referred to as Medicare Part C -RRB- you should review your current plan each year and compare it to other options . Pay attention to your ANOC -LRB- Annual Notice of Change -RRB- that usually arrives in your mailbox in September of each year . Your ANOC will let you know which changes are coming in your plan . If you have Medicare Part D -LRB- drug coverage -RRB- you should also review this plan every year . Even if your premium does not change often the coverage will change . Drugs covered under the formulary this year may not be covered next year .


Input: What Does Term Life Insurance Mean?

Output: Term life insurance provides inexpensive coverage for a specified number of years . During this time , typically , the rate and face amount of coverage are guaranteed not to increase . When this period of time is over -LRB- usually 10 , 15 , 20 or 30 years -RRB- , you can re-apply for a new policy at your current age . Sometimes you can renew the policy at a guaranteed rate that is very high .


Input: What Does Term Life Insurance Mean?

Output: Term life insurance is life insurance that has the premium locked in for a set number of years . Most term life policies guarantee that the premium will not go up , and the face amount will not go down , while the policy is in effect within this term of years .


Input: What Does Term Life Insurance Mean?

Output: Because the death rate remains stubbornly at 100 % , a term life policy addresses the problem of when a person might die . The term is the period of time that the company offers to pay the death benefit for the agreed premium . Often there are other incentives and provisions in the policy . However , basically the insurance is for a period of time . That might be quite appropriate in a wide variety of cases , like a long term debt or the child-raising years . It is pure cost if the insured lives past the term .


Input: What Does Term Life Insurance Mean?

Output: Term Life insurance is a life insurance solution product that provides a death benefit for a certain period of time , usually 10 , 15 , 20 or 30 years . It is a pure death benefit product meaning that there are no provisions for cash accumulation within the contract . In many cases , the policy has a provision that enables you to convert all or a portion of it into permanent coverage without having to prove insurability or undergo and physical examination .


Input: What Does Term Life Insurance Mean?

Output: Term life insurance is temporary coverage to indemnify beneficiaries against economic loss at the death of the insured . T.E.R.M. = Temporary Expense Reimbursement Money . The term life insurance market offers guaranteed coverage for a specific duration of time : 5 , 10 , 15 , 20 and 30 years .


Input: What Is The Best Medicare Supplement Plan In Kansas?

Output: The best Medicare supplement plan in Kansas is the same as in Georgia or any other state . The plan that meets your needs and budget is the right one for you . All plans with the same letter are identical in every way except premium . When you pay more you do n't get more , you simply paid too much .


Input: Where Do You Get Renters Insurance?

Output: You can typically purchase renters insurance through any carrier that handles auto and homeowners insurance . The best place to start to find this sort of coverage is to contact a local agent . They will be able to inform you of the companies and coverages that they have to offer . Do n't leave yourself financially exposed get coverage today .


Input: How Much Long Term Care Insurance Is Necessary?

Output: Long term care insurance -LRB- LTCi -RRB- is part of retirement planning . The total medical cost during retirement is $ 250,000 . Some of that expense could be LTCi assisted living or nursing home care . If you have discretionary dollars , it is recommended to purchase an LTCi policy to the maximum allowable benefits before age 65 . A nonsmoking male and female in good health purchasing a combined LTC policy will pay around $ 300 a month .


Input: How Much Long Term Care Insurance Is Necessary?

Output: Like most insurance , it 's hard to know how much is the right amount , since we do n't know what your future holds . However , there are lots of statistics you can go by . Many of the stats , along with the average amount of coverage that many people buy , point to a `` pool of money '' somewhere in the $ 200,000 range . There are lots of ways to `` tweak '' a Long Term Care policy , somany questions will get answered when you 're actually working with your agent to build your policy .


Input: How Does Credit Life Insurance Work?

Output: Credit life insurance pays the lender the amount that is owed them by the borrower , if the borrower should pass away before the debt is paid off . The entire death benefit goes to the creditor . Regular life insurance pays the borrower so that their beneficiaries can pay off what is left of their debt and use the rest of the death benefit for other purposes .


Input: Can I Get Medicare And Not Social Security?

Output: You can get Medicare when you turn 65 and not receive a Social Security benefit check . Medicare Part A is free but the standard premium for Medicare Part B for 2016 is $ 121.80 . If you are not receiving a Social Security check you will have to pay the Part B premium on a quarterly basis and mail it to Social Security . Once you start receiving a Social Security check the Part B premium will be automatically deducted from your check .


Input: Can I Get Medicare And Not Social Security?

Output: You are eligible to apply for Medicare 3 months before you turn 65 , even if you are not applying for Social Security retirement benefits at the time . The application can be completed online on the Social Security website or you can visit your local office and sign up in person .


Input: If You Cash In Life Insurance Is It Taxable?

Output: In Canada , you are taxed on the policy gain at surrender and certain other events that are considered deemed dispositions . These include borrowing in excess of the policy gain , a partial surrender and most transfers of ownership . Essentially the policy gain is calculated by subtracting from the cash value the total premiums paid after deducting the cost of insurance and any riders . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: If You Cash In Life Insurance Is It Taxable?

Output: It can be . If the policy being surrendered is a permanent life insurance policy with cash value , theinterest that has built up can be taxable . When this happens , the carrier would send you a letter noting the taxable amount . Talk to your agent before cashing in a life insurance policy . There may be other reasons why you should keep it going or alternatives that are more suitable for your situation . Once you have surrendered the policy , you ca n't undo it .


Input: If You Cash In Life Insurance Is It Taxable?

Output: If you surrender a life insurance policy the interest that has been generated within that policy is taxable during that year and you will receive a statement to that effect from the insurance company . One way to avoid tax is to borrow from the cash value . You may borrow without tax as long as the policy stays in force .


Input: When Does A Whole Life Insurance Policy Mature?

Output: Throughout the last fifty years whole life insurance has extended its maturity date of its policies several times . One of the old maturity dates from the 1958 CSO tables was age 95 of the policy insured . Today several whole life companies extend their policy maturity dates out to age 120-121 .


Input: Can I Claim Ultrasound On Medicare?

Output: If the ultrasound was done for a medically necessary reason , an ultrasound can be claimed on your Medicare coverage . If the ultrasound was done for pregnancy -LRB- the pregnant woman would most likely be disabled if receiving Medicare at an age at which she can carry a baby -RRB- , Medicare will cover ultrasounds again , as medically necessaary .


Input: Why Is Health Insurance Too Expensive For Many Families?

Output: Health insurance costs are definitely unaffordable for many families . Part of the reason is obesity in this country and the associated costs . Part of the reason is the new technology , which is excellent but costly . Part of the reason is benefits that are now mandated by the government . Part of the reason is the cost of malpractice insurance doctors must buy . In other words , there are lots of reasons . Under the affordable care act , you 'll get assistance with the premium depending on your income level .


Input: How Can You Lower Your Disability Insurance Premium?

Output: The first place to start is to examine any riders on your disability insurance policy and weigh the economic value of the provision . If the economic value is not worth the money , then consider dropping it from the contract . You can change and/or extend the elimination period or the length of the benefit . Those two items can also deliver premium savings . If youre healthy , you may consider shopping your disability insurance policy to several companies to see if there is any premium savings to be had . But before you do anything , consult with a disability expert who can walk you through these alternatives and their ramifications .


Input: What Type Of Auto Insurance Does California Require?

Output: California requires liability limits of 15/30/5this means 15,000 bodily injury for any one person and 30,000 for the entire accident you are held liable for . Also 5,000 for the property damage you cause . Property damage would be other peoples property such as a car or building for example . These are the legal minimums in California . All other coverages including uninsured motorist and physical damage to your vehicle are optional . If you chose not to carry uninsured motorist protection you will be required to sign a rejection letter stating you have been offered the coverage and you have chosen to reject uninsured motorist . Have a conversation with your agent to discuss how much protection you need as these limits while legal under California proposition 103 laws can leave many significantly underinsured .


Input: Does FDIC Regulate Annuities?

Output: The FDIC does not regulate annuities . The state department of insurance for each state oversees annuity filings and the general sales practices of its agents . Variable annuities are regulated , not only by the state department of insurance , but FINRA because it is a security . Agents must be licensed and registered to sell variable annuities .


Input: What Is The Best And Cheapest Medicare Supplement Insurance?

Output: The best and cheapest Medicare supplemental insurance plan in your state is probably the one with the lowest premium Paying more does not get you a better plan , so more often than not the cheapest plan is the best plan . Seniors that use tobacco will pay 20 % more than those who do not use tobacco . . The most expensive Medicare supplement insurance plan is F . It is also the most popular -RRB- You can sometimes find instant Medicare supplement insurance quotes but keep in mind the lowest rates are usually not illustrated online . #GeorgiaMedicarePlans


Input: What Is The Best And Cheapest Medicare Supplement Insurance?

Output: The best Medigap Plan is the one that has the benefits you want at a great price . All Medigap Plans are standardized , so Plan G benefits with ABC insurance company are the same Plan G benefits with XYZ insurance company . The only difference is the price . The most expensive Medigap Plan is Plan F , because it has the most comprehensive coverage . It can be found at a great rate in many areas of the country , but it will still be more expensive than other Medigap Plans . Medigap Plan G acts like Medigap Plan F after you meet the annual Part B deductible -LRB- $ 147 in 2014 -RRB- . It 's premium is typically lower than Plan F . There are other Medigap Plans with varying benefits and premiums . But the two listed above are considered to be the most popular . An independent agent specializing in Medicare Supplement insurance will be able to see if you qualify for the lowest premiums available . Thank you for reading my response . Please let me know if I can be of further assistance .


Input: What Is The Best And Cheapest Medicare Supplement Insurance?

Output: The question is difficult to answer because of the amount of variables involved but I will try to cover all the bases . If you want a Medicare supplement that is going to cover all Medical expenses approved but not covered in full by Medicare , you would go with a plan G or Plan F. Plan G has a deductible of $ 166 but after it has been met , it is the same as a plan F which covers the $ 166 Part B deductible . So for full coverage , go with Plan F or G but they will cost you the most a well . If you have a high amount of medical care , the math will work on these plans . If you do not utilize a lot of care , you will be spending the money on premium every month but getting your moneys worth out of it . For those that have low/basic medical needs , you could try a lower cost option . Plans K , L and High F supplements can all be good options to consider . Like all Medicare supplements , you can still go to any doctor that accepts Medicare when using these plans . Depending on the state you live in and company you choose the price points will vary between the three plans . In a nutshell here is what they cover . Plan L - covers 75 % of the costs not covered by Original Medicare Plan K - covers 50 % of the costs not covered by Original Medicare High F - covers 100 % of costs not covered by Medicare after a deductible of $ 2,180 has been met . The deductible is not a true deductible but means that you only pay the deductibles and copays not covered by original Medicare . Original Medicare still provides the benefits you would normally get but the High F plan does not cover the left over costs until the $ 2,180 has been met . High F usually has the lowest price point of the three plans . In some states , the premium can be as low as $ 28 a month for the plan . Given it is a supplement , you would still need to buy a drug plan if you wanted RX coverage .


Input: Can You Negotiate Homeowners Insurance?

Output: No . Insurance rates are set by actuaries . They are mathematical professionals who calculate the probability of an event occurring , and price their rates accordingly . They do give credits for a reduction of risk -LRB- alarms , sprinklers , nearby fire hydrant ... -RRB- , but the number is not negotiable . Every company calculates their risks differently , and some may need to add a certain risk in their portfolio in order to diversify , or may prefer a certain type of risk , and therefore will be priced better for a certain policy , which is why your agent should shop your policy to multiple carriers to ensure you get the best rate .


Input: How Much Does Health Insurance Cost For Small Business Owners?

Output: Small business plans can be a group health plan covering -LRB- usually -RRB- 2 or more full time employees or the business can provide individual major medical coverage . Group health insurance plans are usually more expensive than individual plans . For essentially the same coverage , it is not unusual for group health plan premiums to be 2x -LRB- or more -RRB- the rate for an individual major medical policy . Currently group health insurance plans are implemented when there are a number of employees to be covered and some of them have medical conditions that are impossible to insure in the individual market .


Input: How Much Does Health Insurance Cost For Small Business Owners?

Output: Group health insurance quotes are based on the size of your business , the industrys SIC code , age of employees , and average employee health -LRB- except in Maryland , which requires no medical underwriting -RRB- . There are no instant online quotes for group health insurance for these reasons . To get a quote for group coverage , you 'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place . I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions . Thanks very much .


Input: Does Homeowners Insurance Cover Damage To Personal Property?

Output: To the best of my knowledge almost all homeonwers insurance policies provide some personal property coverage less the policy deductible up to the policy limits . Read your policy completely to understand the coverage provided and any exclusions that may be contained within or contact your local agent to have them go over the policy with you .


Input: What Is Traditional Life Insurance?

Output: Traditional Life Insurance is Whole Life that has cash value and is guaranteed to remain in effect for one 's entire life , as long as premiums are paid . Term life is not considered traditional life insurance , per this definition . However , sometimes Term life insurance is sometimes referred to as `` traditional term '' when offered by some group policies . This does not mean that these Term policies have a cash value .


Input: Can Car Insurance Companies Check Police Records?

Output: Car insurance companies , among other underwriting standards , include information obtained in accident and motor vehicle reports in order to determine both eligibility and pricing for a car insurance policy . This information is universally used by every auto insurance company that I know of when considering an application for both personal and commercial insurance .


Input: How Do 401K Loans Work?

Output: 401 k is an investment that allows your employers or individual to put earnings that are not taxed until you use them . They have certain penalties for early withdraw fees . Normally you have to be 591/2 years old to cash in or use the account . Its has certain tax benefits for retirement . The investments are up to the employer usually .


Input: What Is An Elimination Period In Short Term Disability Insurance?

Output: In order to start receiving short term disability payments from an insurance company , you must have qualifying conditions for a specific period of time as set forth in your short term disability agreement or company handbook . This `` elimination period '' is a specific number of days , generally continuous , which you must be out of work due to a non-occupational illness or injury . Most companies will require you to first use a portion of your PTO time . Elimination periods can vary , but most are from zero to 30 days . Consult with your human relations handbook to see the specific details of your plan .


Input: What Is An Elimination Period In Short Term Disability Insurance?

Output: An elimination period is the time you must wait between the onset of a disabling illness or injury , to the time when you can begin drawing benefits from your short term disability policy . The cost of a Disability Insurance policy is usually lower when the chosen elimination period is longer .


Input: Can You Pay Auto Insurance Monthly?

Output: I am sure that you will be able to find an agent who can write an auto policy that is payable monthly . The monthly premium can be a bit deceptive because states often prescribe the number of days the company has to notify a customer of non-renewal before the cancellation date . As a result the first period of installment may be fewer but higher than subsequent payments .


Input: Can You Pay Auto Insurance Monthly?

Output: This is something to discuss with your Insurance Professional , but for the most part , Insurance Companies usually offer a wide range of payment options including monthly installments . In many cases , there may also even be choices for various options that may include direct bill , monthly electronic funds transfer -LRB- EFT -RRB- or automatic bank card .


Input: How Much Is A 20 Year Term Life Insurance?

Output: The cost of a 20 year Term life insurance policy will depend on the age , sex , tobacco status , build , and health history of the applicant , along with a other factors such as dangerous hobbies and excessive traffic tickets . It can cost from $ 10/mo to thousands of dollars per month . To find what a 20 year Term life insurance policy will cost for you , you can run some quotes on the many websites offering them , or call an agency that sells 20 year Term from at least 5 different companies . Without being able to compare quotes for people of the same age and health , it is impossible to know what a good price is .


Input: How Much Is A 20 Year Term Life Insurance?

Output: A nonsmoking male age 45 for $ 500,000 death benefit 20 year guaranteed term life insurance : Super preferred health $ 605 annually . A nonsmoking female age 45 for $ 500,000 death benefit 20 year guaranteed term life insurance : Super preferred health $ 480 annually .


Input: What Is Not Covered By Renters Insurance?

Output: A typical renters insurance policy can contain many exclusions and these exclusions can vary from carrier to carrier . Flood damage and intential acts are typically not covered by renters insurance . Please read your policy completely to understand the coverage provided and the exclusions contained within or contact your local agent to have them go over the policy with you .


Input: Can Your Car Get Repossessed For No Insurance?

Output: That is going to depend on the agreement that you have with your lender for the automobile loan and your state laws . If the agreement that you signed for the auto loan has a stipulation in it that requires you to carry auto insurance and you do not then at minimum the lender would be able to come after you for breach of contract -LRB- which may allow them to reposes the vehicle just the same as if for non-payment -RRB- . This question would be better answered by a local attorney .


Input: Why Is Disability Insurance More For Women?

Output: Disability insurance costs more for women because women make more and longer claims on their policies than men do , on average . Complications from pregnancy and childbirth account for some of the difference between men and women in claims made on long term disability . Normal pregnancy accounts for some of the difference in number of claims made for short term disability .


Input: Is Life Insurance Yes A Legit Company?

Output: I have never heard of Life Insurance Yes and can not find it anywhere . It is possible that it may be an obscure company , or perhaps another company is offering a life insurance product called `` Yes '' . You should contact the Better Business Bureau before purchasing a policy from an unknown company .


Input: When Do You Not Need Life Insurance?

Output: The only time you typically do n't need life insurance is when no one depends on your income in any way or if you have enough assets to cover any needs should you pass away . One example would be a single person with no dependents , no secured debt , and enough assets to cover the cost of a funeral . Even a person in this situation may want to have enough insurance to cover the funeral as assets may not be accessible for a significant amount of time . Many people think they need life insurance once they have children , but it is important for those married or living with someone as well . Life insurance will not only allow the survivor to maintain their standard of living , but also gives them financial security through the grieving process . Taking the time to create a will and ensure you have proper life insurance is one of the greatest gifts you can give your loved ones and help them know how much you care at a time of great grief .


Input: When Do You Not Need Life Insurance?

Output: Wow , that is a rare one . If you have absolutely no loved ones , no family , no friends , no charities you believe in , or religious organizations you support . If you have someone selected to arrange for your funeral and burial , and the funds to do so , with no creditors trying to take your money , then , and only then , might you get by without life insurance . If , however , there is just one person you care about , and want to take care of them after you are gone , or for them to take care of you and your final arrangements , YES , you too need life insurance .


Input: How Much Is Life Insurance For A 45 Year Old?

Output: The cost of a $ 250,000 twenty year term policy for a very healthy 45 year old male who does not use tobacco can run as low as $ 30/mo . That same man could get a permanent policy of $ 250,000 for about double that amount . A woman age 45 and in perfect health will have lower premiums than these . If there is even one small health problem , a family history of heart disease or cancer , any tobacco use , being overweight , or many other reasons , this rate will be higher .


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

Output: `` GAP '' Insurance is an answer to the problem of rapid depreciation of the value of a vehicle and usually is more promounced in new cars as opposed to older ones . It is also more likely to be an issue when a car is leased as opposed to financed or purchased outright . Thus , for many years now , auto dealers have been including this in their lease agreements . More recently auto insurance companies have begun offering this coverage as an option in their policies for leased vehicles . Talk to your Insurance Professional if you are shopping for a lease . You may find that adding the option on your auto policy is much less costly than having it included over the term of your lease agreement .