Input: Why Do You Need Life Insurance?

Output: Some reasons for purchasing life insurance are as follows : 1 -RRB- To pay off debt or mortgage . 2 -RRB- To be collateral for a loan . 3 -RRB- As part of a divorce settlement . 4 -RRB- To raise children to adulthood . 5 -RRB- To provide their children with a college education . 6 -RRB- To use in business , such as key person or business succession . 7 -RRB- To fund funeral costs . 8 -RRB- To make a charitable contribution . 9 -RRB- To provide income for surviving spouse , live-in grandchildren , or adult disabled children . 10 -RRB- To pay estate settlement costs . Because life insurance pays quickly , is usually tax free , and can be left to the person -LRB- s -RRB- of your choice , it is a very popular vehicle to use for many financial needs .


Input: Why Do You Need Life Insurance?

Output: Everyone dies . What are you doing to protect your family when that happens ? Do you want them to exhaust your assets and savings ? Will that be enough ? Will they outlive your money ? The cost of Life Insurance , versus the benefits , is very low . With Term , you can start at a lower price . With Whole Life , you can borrow against it and pay for college or your home , or your retirement . Either way , something is better than nothing . New York Life offers a large variety of choices .


Input: What Is Life Insurance Volume?

Output: The term , Life Insurance Volume , is usually used with Group Life Insurance that is provided by the employer at the workplace . Life Insurance Volume refers to the face amount of the policy . It is often calculated as a factor of the employee 's salary . E.g. the employee might receive 2 times their annual salary of life insurance coverage , meaning that if the employee died , their beneficiary would receive a death benefit equal to double their annual salary .


Input: Can I Get Auto Insurance Quotes Without A Car?

Output: If you are considering the purchase of a car , then it is a good idea to receive a quote for insuring that car as part of your purchase consideration . In order to register a car , it is necessary in most states to be able to show proof of insurance as part of the registration requirements .


Input: What Is The Cheapest Car Insurance For A 21 Year Old?

Output: The cheapest car insurance for young drivers depends on many factors including your age , type of vehicle , driving record and where you live . An experienced broker , along with their website will provide you with the best chance of getting the best rates . That 's our job - Finding the cheapest prices from the most reputable companies .


Input: Is Medicare Enrollment Mandatory?

Output: If you have worked and paid into the system Medicare enrollment is automatic . You would already have paid for part A with your taxes . You can opt out of Part B but unless you have group coverage I would highly discourage it . Even if you currently have no health problems , if you enroll in Part B after your initial eligibility period you will have a penalty tacked on to your Part B premium that could be substantial depending on the length of time you went without Part B coverage .


Input: Is Medicare Enrollment Mandatory?

Output: Some will delay or opt out of Medicare Part B and do so without penalty . But occasionally some will want to opt out of Medicare Part A , even though there is `` no charge '' for the coverage . If you opt out of Part A be aware you are putting your Social Security check at risk .


Input: What Does Covered By An Employer Retirement Plan Mean?

Output: An employer sponsored qualified retirement plan is generally under a government regulatory body like ERISA , the Employee Retirement Income security Act of 1974 . These plans can be defined benefit or more likely today , defined contribution plans . The pretax contributions accumulate tax deferred until distributions , when they are taxed as ordinary income .


Input: How Does Premium Financed Life Insurance Work?

Output: Generally , high net worth individuals with liquid cash reserves and a high credit score investigate bank loaned premiums or premium financing . The banking institution may require a personal guaranteed beside the collateralization of the policy cash values . The leverage of borrowing premiums depends on the bank interest charge and the performance of the policy .


Input: How To Set Up A Retirement Plan?

Output: I can set up a unique portfolio for you in retirement . There are annuities , life insurance , and endowment , etc. . I would need to do analysis in order to find the best plan for you . These plans are much like any insurance policy that will require monthly premiums but work in different ways . Consultants will give you the best information and direct you to the best coverage . Age is one factor . Health is another and then your choice of what you.want to pay . I have all coverages and consultants to answer your questions .


Input: How To Set Up A Retirement Plan?

Output: How to set up a retirement plan ? The first thing you want to do is figure out your options . If your a business owner than their are tax advantages you can have for setting up a retirement plan for your employees . Some choices are 401k , IRA , SEP , Roth IRA , life insurance , pension plan . Once you know and learn which retirement plan you want to implement than the next step is paper work . You should always speak to a professional retirement planner .


Input: How To Set Up A Retirement Plan?

Output: There are many items to consider when selecting the right plan you you . You need to determine your tax bracket , your risk tolerance , your retirement date and your life expectancy.This will help you decide whether to use a quailifed or non qualified plan . individual plan or an employee sponored plan or market investments or savings vehilces .


Input: What Should Homeowners Insurance Cover?

Output: It is always a good idea to talk with your Insurance Professional about the particular coverage and benefits of your policy , but in a nut shell , a Homeowners ' policy provides coverage on your Home -LRB- dwelling -RRB- personal property and also provides Liability protection in the even you are held legally liable for injury or property damage . The Dwelling and personal property coverage should include a replacement cost settlement benefit and you should ask about any and all discount opportunities .


Input: What Should Homeowners Insurance Cover?

Output: The basic question should be , what would it take to make you whole . You would want your residence restored , your property replaced and you would like to know that in the event of a lawsuit you would be defended and any judgment would be paid . That basically means that you should deal with a trusted agent and set the liability limit as high as the company will write and set the property limit at the full replacement cost . You should inventory any of the items that have restricted coverage and purchase additional coverage for your jewelry , guns , collections and other high value items .


Input: Where Should I Buy Car Insurance?

Output: From a local agent that you are comfortable with . This person will be a great source of insurance information when you have questions and will also help ensure that you are happy with the carrier that you are with . If you have problems with billing or claims they can normally help get your issue resolved in a timely manner without the headaches to you .


Input: What Is Life Insurance Net Cash Value?

Output: The net cash value of a life insurance policy is the amount of cash that you would receive if you were to surrender the policy . It is the current cash value accumulation , minus any fees or surrender charges . The net cash value will also subtract from the cash value , any loans you had taken out against your policy .


Input: What Is Life Insurance Net Cash Value?

Output: Life insurance net cash value is the amount of cash value less the amount of any loans that the insured has taken against the cash accumulation in the policy . Since this event is not taxable , many owners of whole life insurance borrow the values from the policy versus getting a commercial loan . Keith Prim Dallas , TX 214-435-0791


Input: Is Life Insurance Ever Tax Deductible?

Output: Life insurance in general is not tax deductible . However , in several instances it can be . The two most important taxes to considering a deduction is income tax & estate tax . Under income tax , life insurance is deductible inside a qualified retirement plan , like a pension or profit sharing . There are some other instances that it may be deductible for a company . In regards , to the estate tax , life insurance is not really deductible , but it can be taxed heavily if not set up correctly . The ownership of the life insurance policy determines if it is included in the estate & taxed or excluded from the estate and not taxed ! In all cases , base to seek competent advisors .


Input: Is Life Insurance Ever Tax Deductible?

Output: In Canada , life insurance premiums can be partially deductible by a corporation if a lender requires life insurance on a loan . The potion that is deductible is the `` Net Cost of Pure Insurance '' which is calculated based on a table provided by the government . Theoretically , cash value life insurance can be registered as RRSP 's with the savings portion being deductible In practice companies do not permit the registration . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Is Life Insurance Ever Tax Deductible?

Output: No . The premiums can not be taken as a deduction on your tax return . Life insurance proceeds are not subject to income taxes however -LRB- and can be structured to not be included in the calculation of the size of the estate for estate tax purposes -RRB- . There are situations where a portion of the premiums may have a taxable benefit for an employer -LRB- for group life insurance/business purposes -RRB- for the premiums above the amount required for $ 50,000 of coverage .


Input: Is Life Insurance Ever Tax Deductible?

Output: Generally nolife insurancecannot be tax deductible for an individual . mainly because life insurance proceeds are distributed tax free . However , the exception would be if the life policy were in a qualified retirement plan . For business owners and companies life insurance can be tax deductible up to a $ 50,000 face amount on employees if the employer is paying the premiums .


Input: Is Life Insurance Ever Tax Deductible?

Output: Yes , life insurance premiums can be deducted by businesses , in some situations . For individuals , the only way that a portion of life insurance premiums may be deducted is if they are being paid for a policy within a qualified plan . This is the best article I found to explain the complexities of this option : WEBSITELINK


Input: What Happens If You Don't Have Car Insurance In Arizona?

Output: Great Question . Insurance is the Law in Arizona you must have at least liability insurance to operate a car and also to get your car plates in Arizona . The cost is not very expensive for liability insurance in Arizona ranges are $ 40 - $ 60 a month for that type of coverages .


Input: Can A Cpa Sell Life Insurance?

Output: Anyone who meets their state 's requirements to hold a life insurance license and gets appointed with at least one life insurer can sell life insurance . The question becomes : Can one have a practice in accounting while selling life insurance ? In many states , the answer is yes . Some states do not permit accounting or legal professionals to be active while also selling life insurance . You can be a CPA , not be active in accounting and sell life insurance .


Input: What Are Disability Benefits For Social Security?

Output: Social Security disability insurance pays benefits to you and certain members of your family if you have earned enough work credits to be considered `` insured '' . Four work credits can be earned each year . In 2014 , you receive one work credit for each $ 1200 of earnings , up to the yearly maximum of four credits . How many credits you need for disability benefits depends on how old you are when you are disabled . If you become disabled prior to age 24 , you need 1 1/2 years of work -LRB- 6 credits -RRB- in the three years before you became disabled . For ages 24-30 , you need credits for half of the time between age 21 and when you became disabled . If you are 31 or older , you need at least 20 credits during the 10 year period preceding when you were disabled . Like most things associated with Social Security , it is a bit more complicated than this example . Remember , the worker has to have paid into Social Security to be qualified . There are `` survivor '' benefits as well . When a person who has worked and paid Social Security taxes dies , certain members of their family may be eligible for survivors benefits . Up to ten years of work is need to be eligible , depending on the person 's age at the time of death . A widow/widower can claim full benefits at their full retirement age and reduced benefits at age 60 . A disabled widow/widower can claim as early as age 50 . Divorced spouses under certain conditions can also claim survivor benefits . Unmarried children under age 18 -LRB- 19 if they are full time in elementary or secondary school -RRB- , some step-children , adopted children and grand children can also receive survivor benefits . There are many other situations where survivor benefits can be claimed such as a widow or widower of any age that takes care of a deceased person 's child under the age of 16 or disabled , and receiving Social Security benefits . Children who were disabled prior to their age 22 and remain disabled , and in some cases , dependent parents who are age 62 or older . As you can see , there are a lot of rules and regulations surrounding disability benefits for Social Security . Seek out someone who knows the rules .


Input: What Is A State Health Insurance Exchange?

Output: A health insurance exchange is a government-run marketplace where people can buy health insurance plans . You have plans choices available that are on the exchanges and off the exchanges . The key difference is the subsidies . You can only get a subsidy if youre buying your coverage on an exchange they can not be used towards plans purchased off the exchange . An advantage of buying a plan off the exchange is you will generally have more choices available for you to choose from . The same plan that is offered on the exchange and off the exchange may have some differences as well . Plans that are on the exchange may have more regulations , therefore requiring they feature additional benefits directly through the plan as opposed to needing a separate stand alone policy to provide the supplemental benefit -LRB- e.g. vision care , dental care , etc. -RRB- off the exchange plans may not be subject to the same standards . Off the exchange plans must still meet the requirements of the Affordable Care Act -LRB- including offering the 10 essential health benefits -RRB- . Its important to remember than not every plan that is offered off the exchanges will be available on the exchanges . Carriers reserve the right not to offer coverage on the exchanges . Thus , some states may have numerous plan selections for consumers where others may have limited choices . Also , not every type of health insurance plan is available on the exchanges short term policies and large group policies are not offered on exchanges at this time . There 's a lot of moving parts to health insurance and given the issues that have occurred with the new healthcare system rollout , it 's highly recommended you work with an experienced health insurance broker to make sure everything is in good order for your program . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Does Home Insurance Cover Dry Rot?

Output: Dry rot would not typically be covered under a homeowners policy . This would normally be considered a maintenance issue for the homeowner . 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 Is Health Insurance Allowance?

Output: A health insurance allwance is a type of defined contribution employer benefit plan.This type of benefit is usually structured into a Premium Reinbursment Account or a PRA which is basically a form of a Health Reinbursment Account or a HRA . Basically a PRA will be set up by employers who do not offer their employees traditional group health insurance options , and will consist of a flat monthly contribution to each eligible employee that is used to pay for part or all of the premiums for individual health/ancillary coverage . This practice will most likely see a large reduction in popularity because of PPACA regulations . This is because PRA 's do not qualify as qualified health plans offering minimum essential coverage , which means that in the eyes of the government the employer is not offering health insurance and therefore can still be penalized . Also one of the great benefits to a PRA was the pre-tax funding that escaped payroll taxes and lowered the businesses total tax liability . This feature has been eliminated by healthcare reform , which only allows such PRA funding arraingements on a post tax basis .


Input: Should I Carry Long Term Disability Insurance?

Output: It really depends upon your current financial situation . If you have saved enough money that you no longer need to work in order to live , then you may not need long term disability . However , if you could not live for an extended period of time without income , then you should give long term disability insurance a serious consideration . You may purchase up to 70 % of your current income in protection on a long term disability plan .


Input: How Does Medical Expense Insurance Differ From Disability Income Insurance?

Output: Medical Expense Insurance and Disability Income Insurance are both morbidity insurance products . Medical expense insurance pays for bills incurred through the hospital stays , visits to the ER or doctors office . Disability income insurance is paycheck protection and generates income during periods of disability .


Input: When Will Car Insurance Total A Car?

Output: A general guide is when the estimated cost to repair is proportionally greater than the relative value of your car , it is likely that the insurance company will determine the car to be a total loss . Take a look at a valuation source like Kelly Blue Book or NADA for example and determine the value of your car . If the repair cost meets or exceeds 70 % of that figure , as a practical guideline , the car would probably be totalled .


Input: When Will Car Insurance Total A Car?

Output: The simple answer is if the amount to repair your vehicle exceeds the market value of the vehicle then the vehicle will be considered a total . For example : If your vehicle has a market value of $ 5,000.00 and the damages are $ 5,500.00 the vehicle will be a total . If the same vehicle suffers damages of $ 4,500.00 the vehicle will be repaired . However if the damages get to close to the value of the vehicle the insurance company may elect to total the vehicle as there may be ongoing issues that can cost the insurance company more money . The insurance company will chose the option that costs the insurance company the least amount of money . Of course safety to the consumer is always an important consideration as well . I have seen vehicles with very low market values become totaled for a minor fender bender and I have seen expensive vehicles suffer major damage and still end up being repaired . If the damages can be fixed properly for a lower cost then totaling the vehicle , then this option is almost always the first option . Insureds will have very little say so in choosing to total their own vehicle as how damages are handled are written in the contract .


Input: How Much Does Short Term Life Insurance Cost?

Output: Short term life insurance , such as 5 year Term or 10 year Term , can cost much less than life insurance locked in for longer periods of time , such as 30 year Term Life insurance or Universal Life . However , when that short term is complete , the price for that policy will jump extremely high . If the insured person 's health has gotten worse during that time , he/she may need to pay much higher premiums or possibly may not even qualify for a new life insurance policy . Therefore , it is important to look at the need involved , when purchasing a life insurance policy . If you are 40 years old and want it to cover your children going to college , getting a short term policy may suffice . If you want it to pay for your funeral , then it is better go with some type permanent plan .


Input: How Much Does Short Term Life Insurance Cost?

Output: That depends on many factors including gender , age , insurability , amount , etc. . For example , a very healthy male age 40 needing term life insurance for 10 years could expect to pay the equivalent of as little as $ 1 per day for $ 500,000 coverage at preferred classification rates with many life insurers .


Input: How Much Does Short Term Life Insurance Cost?

Output: Generally short term life insurance is defined as 5 to 10 years of coverage . A male or female super preferred , non-smoker desiring term life insurance coverage for ten years will pay between $ 75 - $ 85 . It depends on your age , gender , health condition , hazardous vocations , recreational activities and motor vehicle violations .


Input: How Much Is AARP Life Insurance?

Output: AARP is not an actual life insurance company . They are an organization that endorses and recommends different insurance products to consumers . Typically , the cost of life insurance depends upon many factors , including yourageand health status . Also , the type of life insurance coverage you purchase will impact the cost of the plan .


Input: How Long Can A Life Insurance Company Take To Pay A Claim?

Output: Life insurance is designed to pay claims very quickly . It can take a little as a few days to a few weeks from the time the insurance company receives the death certificate and completed forms from the authorized party . In the event of death in the first two policy years , the insurer will need more time to investigate the claim as death occurred within the two year contestability period of the policy . Even then you are likely still looking at a few weeks but it can take longer . State laws determine maximum time and they vary so check with your state 's department of insurance .


Input: How Long Can A Life Insurance Company Take To Pay A Claim?

Output: The time that it takes to get your life insurance benefit will partly depend on how long it takes you to get the certified death certificate . Once that is received , you send it in along with a completed death claim form , and from then on it can take a couple weeks to a couple months .


Input: How Do You Sell Single Premium Whole Life Insurance?

Output: Selling single premium whole life insurance is for someone who has a lump sum of money wanting to purchase life insurance . These larger sums give you immediate cash value along with the death benefit . In many cases these products are simplified issue meaning minimal underwriting is necessary . The typical client I see using this product is 45 and up and of course has some liquid funds available . This is not for everyone however . Other insurance products may be a better choice . For marketing material and more information do not hesitate to contact me .


Input: How Do You Sell Single Premium Whole Life Insurance?

Output: A single premium whole life insurance policy is the lowest net cost policy available at a given age . It compares favorably with a Certificate of Deposit . It is an excellent way for a retiree to provide legacy gifts without the strain of trying to retain assets to pass to heirs . It has been sold in the past because of its return .


Input: How Do You Sell Single Premium Whole Life Insurance?

Output: When selling single premium whole life insurance , you can go at it from two ways . One is to find your client the highest face amount for the cash they have on hand . This involves looking at their health and other risk factors , and comparing products from different companies , to determine where they can get the most bang for their buck . The other way is to find their best quote for the face amount they want , just as you would do for them if they were paying on a regular basis .


Input: Can Someone With No Car Insurance Drive My Car?

Output: Yes it is possible for someone with no insurance to drive your vehicle . Be aware that if you gave them permission to drive the vehicle then you will more than likely be held responsible for any damage that they may cause when using that vehicle which may intern affect your insurance premium .


Input: When Can You Receive Medicare Benefits?

Output: Most people will become eligible for Medicare when they turn 65 . If you are a US citizen or legal resident and have at least 40 Social Security wage quarters , have lived in the US for at least 5 years , you should be eligible for Medicare . If you are covered under a group health plan you may want to delay participation in Medicare Part B.


Input: How Late Can You Be On Car Insurance?

Output: Technically there is no grace period when it comes to auto and home insurance . If you fail to pay on time and are involved in an accident you may be deniedcoverage If you are a few days late most companies will accept the premium with no lapse of coverage . If you are running late with your premium call your agent .


Input: Can Life Insurance Be Sold As An Investment?

Output: Can life insurance be sold as an investment ? Short answer `` yes '' . Now the difficult part , define investment ? Does life insurance fit the current version of the definition of the word investment ? I say current version because what is and what is n't an investment has changed over the years . Now days investment as a definition carries far more RISK in it than can be found in a traditional cash value life policy . Should life insurance be a part of a person 's investment portfolio ? In most cases yes as life insurance can be part of a financial plan that fits a person 's risk tolerances . But life insurance should n't be primarily sold as an investment . State insurance offices frown upon it , yet an entire segment has been set up to sell life policies on other people as investments for the death benefits .


Input: How To Save For Your Retirement At 30?

Output: The fact that this is your question is significant . I often ask people to take their picture and go to the internet where they can have the picture morphed to age 65 . When they have the picture , ask the picture what they should do for retirement . You are never too young to begin saving for retirement and if you are thirty there is an awfully good chance that you will spend almost half of your life retired . If you are working for a company that offers a retirement program , that is the first place to look . What you are looking for is the maximum amount that your employer will match of your contributions and what you must do to get those matching funds . This is free money and is best regardless of other difficulties you might see with the plan . At the same time check the vesting schedule to see if you will be able to actually receive those benefits depending upon how long you reasonably expect to work for the company . Since your company controls all the investments that your retirement plan might have , you might want to think twice before contributing more than the minimum required to get the maximum matching funds . It is worth noting that the company sponsored plan is probably covered under ERISA and that gives you some guarantees you can not get elsewhere . The whole financial world is out looking for additional contributions that you might want to make to your retirement . My first advice is to get a planner with whom you are comfortable . Some planners dont listen well and you really want one that will listen to your dreams and aspirations . The planner you want will communicate clearly with you and with any companies that help manage your money . It will be his job to match your dreams to your abilities to provide for those dreams . If your planner constantly boasts about his advice and returns on investment , look for the exit . High returns on investments often go hand in hand with disastrous results . The fundamental thing to remember about retirement planning is that return on investment is not the key issue . The key issue is shifting consumption . When you move capital to your future you accomplish your mission . Fundamentally , saving for retirement is consuming less now so you can consume more lately . The return on investment is frosting on the cake . Many who leaned on return on investment found themselves unable to retire in 2008 . That was recently . Without stepping into your planners shoes , I would like to point out that you are probably in a lower income tax bracket now than you will be in the future . This makes it important to consider a Roth IRA as your funding vehicle . While not giving you a current tax break it does provide a retirement benefit that can not be obtained elsewheretax free income . There are other significant benefits but being able to drawn down a tax free account is a wonderful option .


Input: What Equipment Will Medicare Pay For?

Output: Medicare will cover the rental , and sometimes purchase , of DME -LRB- durable medical equipment -RRB- deemed to be medically necessary . Your doctor must have evaluated your condition and completed a CMN -LRB- certificate of medical necessity -RRB- . You should only obtain equipment from a Medicare approved provider that accepts assignment . This will minimize your out of pocket .


Input: Can I Cancel A Renters Insurance Claim?

Output: Once claims are filed they stay with you and in most states can not be `` removed '' . You can decide that you do n't want to take any claim money and at that point it would be a zero paid claim . This has always bothered me as an agent but when calling the state department of insurance no one will give a straight answer as to why insurance companies can not take it off of your policy .


Input: How Much Term Life Insurance Should I Have?

Output: Term life insurance is intended to cover needs that have a set time period . E.g. . A 30 year mortgage can be protected by purchasing a 30 year Term life insurance policy . So you can determine how much Term life insurance you should have by looking at the need to be covered . E.g. if your mortgage is for $ 200,000 , taking out a 30 year Term policy of $ 250,000 -LRB- enough to cover the mortgage plus misc other expenses that would be incurred upon death -RRB- would be a good amount to purchase for that particular need . Figuring this out for each temporary need , then lumping them together in the length of policy needed , can be a cost effective way to buy Term life insurance .


Input: How Much Term Life Insurance Should I Have?

Output: If your present liabilities and future obligations are temporal , then term life insurance is a consideration . To determine your coverage you need to total your debts , your future obligations and your earning ability . The sun total of all this categories will give you an idea of the amount of coverage you need to protect your loved ones or business associates .


Input: How To Get Life Insurance Quotes Online?

Output: Life insurance quotes are distributed through career , brokerage and company direct . Historically these offerings have not been as competitive as brokerage distribution channels , who offer many life insurance products from various companies . Some of these companies are on line . If the web site doesnt display several companies or a calculator that displays a spreadsheet of all companies , its not worth reviewing .


Input: How To Get Life Insurance Quotes Online?

Output: Different websites have different ways of giving quotes online . With ours , you can put in your information and get quotes instantly , then change the variables to get different types of quotes . We also give average quotes for some health conditions . With others , you put in your information , then someone calls you with the actual quote . Either way , it is a good idea to talk to an agent to give the extra health details , help you decide the amount , and finalize your best , most accurate quote .


Input: is being wheelchair bound an automatic disqualification for life insurance?

Output: I actually just got someone who is a paraplegic a very good rate on life insurance . One big plus was that he lived with his family , drove his own vehicle to work , and has many coworkers at the office . One big underwriting concern is the ability to vacate the premises in case of an emergency . Wheelchair-bound people who live by themselves are very tough to underwrite for that exact fear . Other issues include complications and organ dysfunction due to lack of mobility . By and large you can be eligible for coverage , but it requires some very careful prequalification to make sure all the quote information is thorough and accurate , and that the carriers fully understand how you are managing all medical and lifestyle issues .


Input: is being wheelchair bound an automatic disqualification for life insurance?

Output: No , being in a wheel chair is not a disqualification in itself . In addition , may carriers will insure an individual with cerebral palsy although it will be a highly rated -LRB- more expensive -RRB- case . Your best interests would be served by an independent agent that can access many carriers to get a clear idea of his insurability .


Input: is being wheelchair bound an automatic disqualification for life insurance?

Output: No , being wheelchair bound is not a reason for a life insurance application to be automatically declined . However having cerebral palsy will have a significant impact on his insurability , as well as the type of policy and company that will be best for him . With many companies you can submit what is called a trial application . This simply means that the company will obtain his medical records -LRB- with his consent of course -RRB- and determine exactly what rate class he qualifies for before discussing policy specifics . With any life insurance application , the rate quoted is not guaranteed until the underwriting process is finished . By completing the underwriting first his agent will know exactly what he qualifies for and exactly what the premium will be . Your son wo n't potentially waste a lot of time discussing what the agent thinks the rate will be , he will know for sure .


Input: is being wheelchair bound an automatic disqualification for life insurance?

Output: That is a great question ! The wheelchair itself is for some companies , but for most it 's the reason for the wheelchair that is . In the case of your son , I 'd strongly suggest that you find a local independent agent who can help you look for an affordable policy . There are companies that will write a policy for your son . What you want to be aware of and look for , are how the policy will be classified . There are policies issued for people with no big health issues , policies for minor health issues , and policies for people with bigger health issues . These policies are called `` graded '' , modified '' , or `` guaranteed issue '' policies . They all are more expensive , and will have a period of time where the return on the policy will be reduced , if your son were God forbid , pass . That is where the agent can really help . You want to find the most affordable price , with the shortest grade -LRB- the period of reduced payment of benefits -RRB- , and the highest return to you . Good luck in your search , if I can help in any way please feel free to contact me , and thank you for asking !


Input: is being wheelchair bound an automatic disqualification for life insurance?

Output: No , being wheelchair bound is not an automatic disqualification for all life insurance , but is an automatic decline for most . Your best bet is guaranteed issue life insurance , which does not ask any health questions at all . However , there are very few options like that for persons under age 50 . If your son is able to transfer independently , it may be possible to get him a simplified issue policy , that asks some -LRB- vs no -RRB- health questions . Finally , there are some companies that will consider a fully underwritten policy of any size if the wheelchair bound person is able to handle full time employment , transfer independently , etc. . Unfortunately , this would not be your son 's case , so not an option for him . I wish you and your son the best . Please feel free to contact me to discuss personally .


Input: Can You Deduct Disability Insurance On Schedule C?

Output: If you are self employed and paying the cost of your health and disability insurance then it may be tax deductible . It is always good to consult your tax adviser for your individual situation however since each situation is different . For example , some people operate a side business and file a schedule C . Their insurance is paid through an employer . In this case , even though they file Schedule C , the premiums they pay may not be deductible .


Input: Can You Deduct Disability Insurance On Schedule C?

Output: Unless you are an employee of the corporation which is not schedule C , then disability insurance premiums are not tax deductible . Your must pay with after tax dollars . Here is the good news , because you pay premiums with after tax dollars if you ever draw benefits those are tax free for you . Think of it as paying taxes on the seeds and not the harvest .


Input: Why To Have Disability Insurance?

Output: The reason for having Disability Insurance is to provide for yourself and your family if you were to become disabled and unable to work . Most disabilities only last a few weeks to months , but some disabilities can last years or are permanent . Having income coming in during that time is an important benefit of disability insurance .


Input: Why To Have Disability Insurance?

Output: Disability insurance is important because more people are injured on the job at record numbers . Disability Insurance will replace income when the worker can not perform living functions or their daily work routine . In other words they ca n't work and bring home income in order to pay living expenses . Workers Comp will pay only if employee is injured on job but an individual policy will pay for on and off the job inquiries .


Input: How To Switch Life Insurance Companies?

Output: In short , you ca n't simply switch companies for your existing coverage - you need to apply for a new policy with the new carrier and go through new underwriting . Once the new coverage is in force , you can let the old policy lapse on its own -LRB- by no longer paying the premiums -RRB- or outright terminate it . The advantage of buying a new term insurance policy is that you have a new term period to work with . For permanent insurance , you may find a policy that offers lower monthly premiums or features better guarantees inside the policy - completing a 1035 exchange -LRB- rolling over the cash value of the old policy to the new policy -RRB- can reduce your monthly premiums . If you have a term insurance policy , you may have a conversion option available that would allow you to convert all or a portion of the face amount from a term policy to a permanent program - this keeps the same risk class as the earlier program and does not require any new medical underwriting -LRB- a great advantage if you 've got preferred rates and have a medical condition that puts you at standard or sub-standard rates or would otherwise decline you under a new policy -RRB- .


Input: How To Switch Life Insurance Companies?

Output: Great question ! To give you a simple answer , you just apply for a new one , and once covered , write and surrender the old policy . Some things to consider first though - if the policy is graded or modified , you will have to go through the grade period again ; and if you have a significant amount of cash value in the old policy , or loans through it , what are the ramifications of replacing the policy in regards to that cash ? There can also be problems if you apply to several companies , and are denied coverage for some reason by one or more of them . I would advise you to talk this through first with a trusted agent before making a move . If you would like more information , contact me , I 'd be happy to help . Thanks for asking !


Input: How To Switch Life Insurance Companies?

Output: If you want to switch life insurance companies , you simply apply for the new policy , then drop your current policy after your new one is in place . Some companies also offer promotions that allow you to convert your term insurance from another company , to a permanent policy with their company .


Input: Does Renters Insurance Work For Roommates?

Output: In order for roommates to be covered by renters insuranceroommatesmust be listed on the policy . Many companies will not cover more then 1 roommate so often times each person residing in the property would need to purchase their own renters policy as well . AnInsurancecompany will assume a risk based on the application and does not look to cover what they have not been made aware of . Especially in a liability situation .


Input: Can You Get Life Insurance On Another Person?

Output: Yes , you can get life insurance on another person . It is not a requirement that life insurance be just taken out on yourself . As Steve said , you must have an insurable interest in the other person . When you get life insurance on another person , you can be the owner , payer , and/or beneficiary of that policy . Usually , but not always , the people who pay the premium also want to own the policy , because the owner can change the beneficiary .


Input: Can You Get Life Insurance On Another Person?

Output: Life insurance policies are issued on the basis of insurable interest between the policy insured and the policy beneficiary . To establish insurable interest between two parties , you must demonstrate financial exposure or potential loss to the beneficiaries based on the death of the insured . Generally accepted parties are family members , business partners and charities who depend of the benevolence of the insured . If you cant establish insurable interest and financially justify the amount of coverage , the policy will not be issued .


Input: Who Could Be Named The Beneficiary Of A Life Insurance Policy?

Output: If the policy is on you and you are owner of the policy , you can generally name whoever you want as beneficiary . If you own the policy on the life of someone else , then the beneficiary should have an insurable interest with the insured -LRB- e.g. you buy a policy on your child and name their live in partner as beneficiary -RRB- . If you are able to purchase a policy on someone else , you already have an insurable interest in the insured , so can be the beneficiary yourself , in most situations . Keep in mind that different life insurance companies can have different determinations of what is allowed . Check with a broker beforehand to find out which carriers will work with you to set up the type of policy arrangement you need , or to set up your policy in another way to accomplish your goals .


Input: How Much Does A Million Dollar Life Insurance Policy Cost?

Output: A one million dollar life insurance policy can be purchased for $ 20 per month . But only if you are a perfectly healthy 21 year old non-smoker . And that rate will only be guaranteed for 10-years . Life insurance is sold at different prices to different people . No two people have the same health history , gender , smoking status , family history , etc. . Plus you may only need your term life policy for 2 -- years and your twin brother may want his for his entire lifetime . That will greatly affect the price .


Input: How Much Does A Million Dollar Life Insurance Policy Cost?

Output: To see what a million dollar life insurance policy might cost for you , you can visit a website that offers free , instant life insurance quotes . That way you can put in different term lengths and health factors to see what the cost for your million dollar life insurance policy would be for different products and with different risk factors . Contact the website personally to confirm your quote .


Input: How Much Does A Million Dollar Life Insurance Policy Cost?

Output: There are several factors that determine what one might pay for a one million dollar policy . The applicant 's age is the first thing to consider . The next issue is the applicant 's health , which determines the rate class that the insurance company offers . Then there is the type of insurance . Even term insurance , which only provides a death benefit with no living benefits will vary in cost depending on the level-premium timeframe chosen .


Input: How Much Does A Million Dollar Life Insurance Policy Cost?

Output: I would n't be able to provide a figure for your without knowing more about what coverage structure you 're looking for and your medical history . The cost -LRB- premium -RRB- for a $ 1,000,000 life insurance policy depends on a number of factors so it will be different for everyone . These factors include their age , gender , how long they want the coverage for -LRB- 10 , 15 , 20 , 25 , or 30 year term insurance vs. permanent insurance -RRB- , and their risk classification -LRB- determined by the medical history -RRB- . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . I would suggest consulting with an independent life insurance broker who can work with you on a personal level and help determine which carrier will be able to offer you the desired coverage at the lowest possible cost . Online `` instant quotes '' only provide input based on teh factors entered in , but not necessarily what you will qualify for - this is why talking to an agent is critical for providing the most accurate information for you . I hope the information is helpful - please feel free to contact me for assistance with your coverage , including quotes and policy comparisons , and if you have any other questions . Thanks very much .


Input: Why Have Critical Illness Insurance?

Output: It will provide coverage for conditions more easily than long term care insurance . Critical illness coverage is not a substitute for long term care but is a complementary coverage . The claim rules for Critical Illness are able to be met in circumstances where long term care 's SADL 's would not be satisfied .


Input: Will Homeowners Insurance Cover Cracked Chimney Liner?

Output: If the crack in the chimney liner was caused by a covered loss and the crack is a detriment to the safety of the residents or adversely affects the property it may be covered . Every policy is different . Please read your policy completely to understand what coverage is provided and what exclusions there may be .


Input: Will Homeowners Insurance Cover Cracked Chimney Liner?

Output: A cracked chimney liner may be covered under your homeowner 's insurance if it was due to a covered peril , such as fire , theft -LRB- OK ... Nobody would want to steal it -RRB- or vandalism . However , wear and tear , along with depreciation , are not covered . So if a claim is submitted for that reason , it will not be paid .


Input: Can You Cancel Progressive Car Insurance At Any Time?

Output: You have significant power to walk away from any insurer . Most states operate with regulations regarding how a cancellation in mid term is treated . Before you leap to canceling your Progressive policy , check with the Insurance department in your state . They will know whether there is a requirement to pro rate the premium or not . Pro rated cancellations are the norm and this is how that works . If you cancel an annual policy for which you paid the whole premium and you cancel at exactly six months , then the company will return to you 50 % of the premium . So , just make sure what the cancellation requirements are in your state .


Input: Can You Cancel Progressive Car Insurance At Any Time?

Output: States require that we have insurance in order to register a car , but no one can require you to carry coverage from any specific insurance provider . Insurance coverage can begin and end when you decide -LRB- unless you fail to pay your premiums and then the decision is out of your hands , of course -RRB- . Companies may or may not surcharge for midterm cancellations , so there is a possibility that you may not receive the refund you think you should , so there is that consideration of course . Here is the thing though . Think about what you are doing regardless of the sompany . Never , ever , cancel a car insurance policy UNTIL you have arranged for replacement coverage . Driving without insurance is not only against the law in most States , the financial consequences you face whould you cause an accident wile there is a lapse in coverage can be pretty devistating .


Input: What Does Renters Insurance Protect Against?

Output: Renters Insurance protects your personal `` stuff '' . Not the apartment or house you are renting but your possessions . It is important to `` log '' what you have , use pictures , take a video of the rooms to help identify what you have . Be sure to talk to your agent about getting the renters insurance which replaces your `` stuff '' , rather than just pay you the current value . There is a difference .


Input: Is Disability Insurance Portable?

Output: The portability of disability insurance depends on how the policy was set up at point of purchase . If it was an individually underwritten plan and paid for by the owner , then yes it can not be cancelled due to change of occupation or health . If the plan was through a group it is advised to ask the benefit administrator or human resources director how the policy was set up . The short answer is some group disability policies are portable and some are not .


Input: Is Disability Insurance Portable?

Output: Traditionally group disability insurance is not portable if offered under a standard group long term disability plan -LRB- aka LTD -RRB- . However , if the policy is purchased as part of a guaranteed issue group plan , the policy may be portable by the insured , this depends on the carrier and their practices regarding such things .


Input: Is Disability Insurance Portable?

Output: One of the advantages of individual disability insurance polices is that they are portable . Some group insurance plans do offer the ability to convert your group coverage under certain circumstances -LRB- check with your provider -RRB- . If you have further question , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Does Home Insurance Cover Roof Replacement?

Output: It can , but it is always a good idea to talk to your Insurance Professional about the specific coverage that your policy provides . If the entire roof is destroyed by a covered peril in your policy , then the full roof replacement would more than likely be covered , however subject to your deductible . If only a portion of the roof is damaged , then it may be that only that portion would be covered .


Input: Does Home Insurance Cover Roof Replacement?

Output: The answer to your question depends on the underlying cause for replacement . If you need to replace the roof due to wear and tear , then it 's considered routine home maintenance and is not covered . However , if the roof is damaged by windstorm or by another covered peril , then you likely will have coverage , subject to the deductible of your policy .


Input: What Is The Purpose Of Medigap Insurance?

Output: The purpose is to provide financial coverage for the `` gaps '' in original Medicare Parts A and B. Original Medicare is very good health insurance , however does not pay for all beneficiary health care costs . For example , Medicare Part A -LRB- Hospitalization -RRB- requires beneficiary payment of a $ 1,260 deductible in 2015 . The Part B -LRB- Doctors costs -RRB- has a $ 147 annual deductible , plus requires the beneficiary to pay 20 % coinsurance of the Medicare approved amount for the bills . There are other exposure items as well , but it is easy to see that a given health situation could potentially lead to some significant bills for the beneficiary even though they have insurance . Medigap Insurance is designed to pay these bills in exchange for the payment of a monthly premium , thus trading an uncertain potential financial exposure for a certain monthly payment . It 's a good idea to find a licensed insurance agent who is experienced in Medicare plans to assess your needs and objectives and offer optimal solutions to limit your financial exposure .


Input: What Is A Deferred Gift Annuity?

Output: It is a contract with a charity in which the charity will agree to pay a certain amount of money , normally monthly , to one or even two people , during their life . This will be done in return for cash or property given to the charity . These plans permit a person to pass assets to a charity while insuring them of a stream of income . The stream of income is guaranteed by the full assets of the charity .


Input: How Long Is A Car Insurance Premium?

Output: The majority of auto policies today are written on a six month basis . Some companies issue policies for one-year . Very few exceed that period of time . The full year policy is preferable if everything else is equal because it will not make a mid-year correction . I suppose there are situations where the 6 month policy could be preferable .


Input: What Happens When Your Life Insurance Lapses?

Output: That is a great question ! Generally what happens is that if it can be addressed relatively quickly , the agent can request a reinstatement form . The applicant and the agent then fill out the application , and resubmit for coverage . That is the good news . The bad news is that the client will need to submit the premium that is back owed , plus generally two months in advance . That can be pretty pricey . The reinstatement process can take anywhere from 30-60 days . Thanks for asking !


Input: What Happens When Your Life Insurance Lapses?

Output: The term `` lapsed '' in life insurance means that the policy is no longer providing coverage in the event of the insured 's death . This is usually due to a lack of premium payment . Each policy will provide a grace period -LRB- typically 30 days -RRB- from the premium due date to submit the necessary premiums to keep the coverage going . If the grace period has expired on the policy , you would likely need to apply for reinstatement with payment of back-premiums to put the policy back in force - evidence of insurability may be required depending on the carrier and how long it 's been since the policy lapsed . Please feel free to contact me for further assistance . Thanks very much .


Input: What Happens When Your Life Insurance Lapses?

Output: If your Term life insurance policy lapses , you have a one month `` grace period '' to pay the missed premium and keep your policy in force . If you missed paying two months ' premiums , you might reinstate your policy by filling out paperwork and catching up the premiums . This does not require taking a new exam , but the insurance company may order medical records to determine if you are still medically eligible to get your policy back at the original health rating . The same applies to Whole Life , but with Whole Life you may still have the option to take out the cash value of the policy or turn your policy into a reduced paid up policy .


Input: What Happens When Your Life Insurance Lapses?

Output: Life Insurance lapses are caused by not paying the premium . When this happens you no longer have coverage . Before a policy lapses , it falls into a grace period which is an opportunity to catch up on payments . When a policy lapses you may be able to reinstate the policy however this is not guaranteed .


Input: How Much Is One Year Of Homeowners Insurance?

Output: Since homes are not alike the premium charged by an insurance company will be different depending upon the age , location , type of construction , cost of replacement and roof of a home . If you have a history of recent property losses , that could also affect the premium .


Input: What Type Of Retirement Plan Do I Have?

Output: When you 're unclear about your retirement account , you need to determine a few items . Are you funding your retirement by yourself or through your employer ? Are you deducting your contributions ? If your funding your retirement yourself and deducting the contributions , you may have an IRA . If money is being withheld beyond the payroll deductions of FICA , FUTA and SUTA then you may have a 401 -LRB- k -RRB- .


Input: How Much Is Enough Auto Insurance Coverage?

Output: A client who had just purchased a $ 3 million Personal Umbrella Policy then asked me if $ 3 million was enough . The answer was , `` Yes , unless you get sued for $ 5 million '' . I am making an assumption that the questionner is askling about Liability Protection in an auto policy . The fact is that most States set a minimum requirement in order to meet their compliance standards for registering a car . In many cases , the minimum is far below the amount necessary to protect enough if sued as a result of an accident , but it may be plenty for individual cases . The asnwer to the question honestly lies in the answer to this question : `` What is my Financial risk ? '' Let 's consider 2 examples . A young person with a part time job and whose property ownership is limited to his older car probably has enough liability protection by having a state 's minimumto cover his personal financial risk . His is minimal compared to a professional who owns a business and a home and has investments and money in the bank . This person 's financial risk is much greater and therefore he or she should be considering higher limits of liability protection . So , hoiw much is enough ? The answer is enough to reasonably protect your financial exposure .


Input: How Much Is Enough Auto Insurance Coverage?

Output: Insurance is as unique as the individual purchasing it . Enough auto insurance is the amount that is necessary to provide complete coverage for all claims after you are involved in an accident . That amount could be as little as the state minimums all the way past 500/1000 coverage . Contact a local agent to discuss your coverage needs and pricing .


Input: Who Can I Put On My Auto Insurance?

Output: Every driver in your household , unless excluded , should be included on your auto policy . If you routinely loan your car to someone who is not a member of your household , you are not required to put them on the policy . This is particularly troublesome when the owner of the car loans the car to someone else on a long term basis . However , if the car is involved in an accident that information flows back to the owner of the car and the insurance policy .


Input: Who Can I Put On My Auto Insurance?

Output: You may put family members living in your household on your car insurance policy . However , with some carriers , you may also exclude them if they have other coverage for specific reasons . In some instances you can also cover non-family members . Each situation is different . Live answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several top-rated national auto insurance websites .


Input: Who Sells Medigap Insurance?

Output: Mr. Burke is correct in that there are many companies that offer Medicare supplements , or Medigap policies . They can also vary from state to state . However , I want to qualify the Broker suggestion . Brokers do not have access to all companies and thus may not be able to offer you what could well be the best plan for you . This is because not all insurers work through brokers . There is no substitute for due diligence on your part . Things that you will want to investigate are things like the financial stability of the insurance company as well as their reputation and their historic rate increases . While it is true that simply choosing a broker is easy , there is no substitute for educating yourself . Cheapest or easiest is not always best .


Input: Who Sells Medigap Insurance?

Output: To expound on the previous answers , you may be able to obtain a list of companies that offer Medigap plans in your state from your state Department of Insurance . Some of the state DOIs maintain this listing on their website . Others may provide it upon request . Of course , it is not practical or enjoyable for you to contact each of these companies to get plan information and rates . But this will at least give you an idea of what 's available . An independent agent can provide rates on most , if not all , of the companies that are offered in your area .


Input: Who Sells Medigap Insurance?

Output: The companies that sell Medicare Supplements -LRB- also known as Medigap -RRB- are numerous . Some of the main ones are Mutual of Omaha , ForeThought , Aetna , Anthem , Gerber , United Healthcare co-branded AARP , there are dozens and dozens of them . If you question is where do you look to buy a plan , you have several choices there too . You can call any of these companies directly or respond to their advertising and they will send out a sales representative either in person or to sell you over the phone . But there is a better way . You can use a Medicare Insurance Broker and sign up at the lowest price the plans are offered anywhere . You pay no fees to the broker . The advantage to you is you will get a knowledgable advisor that helps you understand your choices , shows you the current prices for all companies and most importantly , in the future when your rate goes up , his job is to get your rate back down . Your insurance broker will be the best free to you employee you have ever hired . People spend a tremendous amount of wasted money on Medicare insurance plans every year that they could have the exact same coverage plan for less if they understood how to do it . Your broker helps you with this and costs you nothing .


Input: Who Sells Medigap Insurance?

Output: Medigap insurance is offered by many carriers including some whose names you may not recognize . The `` big '' carriers such as Blue Cross , Mutual of Omaha , United and Humana offer Medigap plans in most states . If you are looking for lower cost plans , ask a Medicare broker about rates from Family Life , Equitable and New Era .


Input: Can I Switch My Insurance From One Car To Another?

Output: You can not switch your auto coverage from one vehicle to another , but you can cancel coverage one vehicle and add another vehicle to your policy . Insurance is a product that is as unique as the person and vehicle being provided protection . Contact your local agent with the information on the vehicle you wish to add coverage to and they should be able to you coverage almost instantly .


Input: Can I Have 2 Separate Car Insurance Policies?

Output: You can have two different car insurance policies although most times , there is no advantage to splitting up coverage . Often , a multi-policy discount may be lost or reduced , although not all carriers will do this . In some cases involving youthful drivers with bad driving records , splitting may be very advantageous .


Input: When Is The Right Time To Purchase Long Term Care Insurance?

Output: The best time to by Long Term Care is when you are relatively young and healthy . Most people wait until they are older and their health declines . At that point it either becomes too expensive or they can not qualify due to their health . I would recommend looking at Long Term Care Insurance while in your forties at least . There are some new hybrid life insurance policies that combine life insurance with long term care which may be a good affordable option .


Input: When Is The Right Time To Purchase Long Term Care Insurance?

Output: The Right Time to Purchase Long Term Care Insurance is when youre young and healthy . But most consumers really dont consider long term care insurance until age 50 . Most retirement planner recommend no later than age 60 . One word of caution : if your family has a predisposition to critical illnesses , you may want to secure coverage now .


Input: Does Esurance Do Renters Insurance?

Output: Esurance does renter 's insurance !!!! Their rates are typically fairly competitive although you should shop various carriers . Although renter 's insurance is not expensive , it is still worth looking around for the best deal and trying to secure coverage that best matches your needs . A broker will help you find the best rates .


Input: When Is The Right Time To Buy Life Insurance?

Output: Honestly the best time to buy life insurance is when you are young and in good health . Your rates will never be cheaper and the potential benefits to you better . If you can afford a permanent plan , do it . Plans like these build cash value that is free from any taxation so long as they stay in the policy . If that is not possible financially , then look into a long term term plan with a conversion option . The conversion option allows you to switch all or a portion of the coverage into a permanent plan without having to go through any exam or underwriting . In both cases , another benefit is that you protect your insurability . We are not young forever and likewise some of us are not healthy forever either . Health issues later in life can prevent you from buying the insurance you may need or make it too costly .


Input: When Is The Right Time To Buy Life Insurance?

Output: The younger and healthier you are the better . Insurance premiums are extremely low for babies . As we get older the premiums go up . This is because life insurance race are based on mortality , or how long a person is expected to live . Since we obviously are growing older each year , the sooner you purchase life insurance the better .


Input: How Much Would A Million Dollar Life Insurance Policy Cost?

Output: That is a great question ! Unfortunately , I 'd need a lot more information from you . There would need to be the simple things , like your age , gender , smoking preference , and health issues ; then we 'd have to decide whether you would even be able to purchase that much coverage , based upon your income . Then we 'd look at the reason for the insurance , and determine the best type of policy to do that . Then we could talk about price . If you 'd like to have that conversation , please feel free to inbox me , ok ? Thanks for asking !


Input: How Much Would A Million Dollar Life Insurance Policy Cost?

Output: This information is available on line . There are numerous sites that will quote life insurance . The preferred alternative would be to contact a licensed life insurance agent . If you have never dealt with a life insurance agent ask your neighbors , friends and colleagues for a referral . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company .


Input: How Much Would A Million Dollar Life Insurance Policy Cost?

Output: I would n't be able to provide a figure for your without knowing more about what coverage structure you 're looking for and your medical history . The cost -LRB- premium -RRB- for a $ 1,000,000 life insurance policy depends on a number of factors so it will be different for everyone . These factors include their age , gender , how long they want the coverage for -LRB- 10 , 15 , 20 , 25 , or 30 year term insurance vs. permanent insurance -RRB- , and their risk classification -LRB- determined by the medical history -RRB- . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . I would suggest consulting with an independent life insurance broker who can work with you on a personal level and help determine which carrier will be able to offer you the desired coverage at the lowest possible cost . I hope the information is helpful - please feel free to contact me for assistance with your coverage , including quotes and policy comparisons , and if you have any other questions . Thanks very much .


Input: What Happens To Life Insurance When You Change Jobs?

Output: Having life insurance on the job is better than having nothing , you should have a personal policy as well ; why ? Your job , if you ever left , fired , laid off , quit , retire , no more group life insurance . I say always elect to join a group work policy because it 's so cheap . I tell all my clients this . -LRB- At work your job owns your policy -RRB- Again ; therefore you should have your own policy as well . Young and healthy is the best time to get life insurance you are rated based on your health and age and some other factors . Life insurance is not something you can get when ever you feel like it , it 's like applying for a credit card either your approved as applied for , approved at a higher rate or your insurance is decline . If your health is not so great then a group policy of course would be great for you .


Input: What Happens To Life Insurance When You Change Jobs?

Output: What happens to life insurance if you change jobs ? If you 're talking about group life , the insurance stays behind , you lose it . Your group life plan may have a provision that allows you to break off your portion of the group plan , but you will find it very expensive . It is only a good deal for a person who would be declined or highly rated elsewhere . If you 're reasonably healthy it 's a bad deal . If you mean a individual policy that you `` own '' ? Absolutely nothing . It stays the same . The issue is ownership , which means who controls the policy . If you own it , you decide . If your employer owns it , they decide and they decide what 's important to offer . You 'd be surprised at the number of dental plans that do and do n't include orthodontics depending on how the owner 's kids teeth are . Never ever had an employer turn down orthodontics if their kids needed it . ;-RRB-


Input: What Happens To Life Insurance When You Change Jobs?

Output: If you have your life insurance through your place of employment - you lose it . This is why I always encourage my clients to purchase their own policy -LRB- not in the name of their employment -RRB- so that if they change jobs , they will not lose their life insurance . If one of the benefits of your job is a life insurance policy and you DO N'T HAVE TO PAY FOR IT , then it is fine to have - but remember , if you lose your job , you also lose this insurance . If you do pay for it , some companies will offer you the chance to keep it , but you must set up a payment plan or remember to pay the bill each month . To avoid the these headaches , it is recommended that you purchase your own policy and talk to an agent to find the best one for you . You can often get more for your money if you purchase your own anyways . Many companies out there with many different types of plans - some better than others - but all can be very confusing to the average consumer , so again , it is best to talk to your Agent about what policy best fits you and your families needs .


Input: Does Canada Have Free Health Insurance?

Output: Canada does not have `` free '' healthcare . No place has `` free '' healthcare . There are just different ways to pay for the cost . Some nations use a higher individual tax rate and value added taxes to pay for programs for their citizens . Free is n't really free , people pay for what they have in one way or another .


Input: Can I Get Disability Insurance If I Am Pregnant?

Output: Most disability plans have some form of medical underwriting . If you are pregnant at the time of application and the plan is medically underwritten , your application will be denied . Some employer plans , including payroll deduction , may have little or no underwriting . If that is the case the policy will be issued but there may be a waiting period before maternity benefits are available .


Input: Can You Get Health Insurance If You Are Unemployed?

Output: Health Insurance is available for every person ; whether employed or unemployed.You would have to obtain your own Individual or Family Health Insurance plan . You may choose from HMO or PPO plans , you may select amongst a variety of Co-Pay options , Deductibles and Co-Insurance percentage . Your age and geographic area will determine the premium rate . Please feel free to contact a professional should technology not completely answer all your questions and/or concerns !


Input: Do You Need Homeowners Insurance Before Closing?

Output: In California transfer of property is handled by a title company . They receive a list of requirement from the lender . In most cases the lender requires hazard insurance that will protect the lenders interest in the property from loss due to a specified peril . In most cases a homeowner policy is the policy that most adequately fits that requirement . There are other forms of home insurance and some of those might meet the lenders requirement . It is the responsibility of the title company to make sure that there is current insurance on the dwelling prior to closing and transferring the property .


Input: Do You Need Homeowners Insurance Before Closing?

Output: If your home is financed or if you are obtaining a mortgage - most mortgagees require homeowners insurance at the time of closing . You will be asked to provide a copy of a paid receipt and declarations page to satisfy your loan requirements . If you are escrowing and your mortgagee is paying for your insurance , you would need to give a copy of a binder of insurance with a balance due/invoice for them to pay your insurance at closing .


Input: Do You Need Homeowners Insurance Before Closing?

Output: It is more than likely that you will need to provide proof of Homeowners Insurance among other requirements in order to close on you property purchase . Here in CT it has been common for lending institutions to also require proof of payment of the first year 's term premium along with a copy of the binder or declaration sheet from the policy . Your Insurance Professional will be able to coordinate the binding of your insurance protection with you and provide the required documentation to your attorney or to the mortgage company in plenty of time to be sure that everything is handled smoothly .


Input: What Is A Lapse In Health Insurance?

Output: A lapse in health insurance -LRB- and any insurance -RRB- is a point when the policy stops providing coverage due to the policyholder not paying their premiums on time . Insurance policies generally feature a 30-day grace period where coverage continues even if the premium payment is a few days late - past this point , the policy would no longer be providing coverage as it would have lapsed and you would need to go through the reinstatement process -LRB- paying the due premiums and any other requirements the carrier may have -RRB- . Please note , with health insurance , if your coverage lapses due to non-payment , this does NOT qualify you for a special enrollment period for another plan . Qualifying events are situations such as coming off of group health insurance through an employer , getting married , having a baby , etc. . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: How Does No Fault Auto Insurance Work?

Output: Basically no fault means just that ! The insurance company pays for its own insured regardless of who may be cited for the accident . Hence the term no-fault , since the insurance company holds neither driver at fault . There are only a few states that have no fault laws in place . Michigan is one , and there are a few others . If you do not live in a no fault state then you can not get no fault auto insurance .


Input: When To Cancel Term Life Insurance?

Output: Term insurance can be canceled at any time , usually without penalty , and with a refund of any unused premium . Insurance is no longer needed when no financial hardship would occur if the insured passes . If the insurance was used to cover a mortgage and the house was paid off , then it may not be needed any more . Another reason to cancel term insurance would be if a better policy -LRB- maybe a permanent policy -RRB- was purchased . It is a good idea to discuss your individual situation with a professional insurance advisor who can help you with your insurance planning and strategy .


Input: When To Cancel Term Life Insurance?

Output: Think carefully before you cancel Term life insurance , because rarely can you purchase a new Term policy that costs the same or less than the one you already have . E.g If you drop a 30 year term policy at year 20 and get a new 10 year policy , you would probably pay more for the 10 year policy than if you continued paying on your 30 year term for the last 10 years . Only cancel your existing term insurance if you are sure you no longer need it .


Input: When Do You Need To Sign Up For Medicare?

Output: When you turn 65 you will automatically be enrolled if you qualify and have worked the requisite number of hours . You should receive a Welcome to Medicare package containing your Medicare card , information on Medicare and opt out forms in case you are still working and covered by your employer . Do not opt out of any portion of Medicare unless you have creditable coverage from a group or union . If you have not received you Medicare card by your 65th birthday , call your local Social Security office or 1-800-MEDICARE .


Input: How Much Does Insurance Cover For Mental Health?

Output: Under the mental health parity requirements of Federal law -LRB- Mental Health Parity and Addiction Act of 2008 -RRB- and later of ObamaCare , major medical plans must now cover mental health issues the same as they would treat any other medical condition . So , any financial requirements such as copays , deductibles or any treatment limitations -LRB- such as number of visits -RRB- can be no more restrictive for mental health or addiction than for a physical ailment . An important distinction that the reader should be aware of is that the 2008 law applied to employers with 50 or more employees . Under the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- this was extended to individual and small group policies sold on or after January 1 , 2014 . It is possible that there are existing `` grandfathered '' policies still in effect that are not subject to these requirements though such policies are becoming fewer and fewer .


Input: What Does Medicare Plan F Cover?

Output: Plan F is a Medicare Supplement many refer to as the `` Cadillac '' plan . It covers virtually 100 % of all charges approved by Medicare -LRB- other than prescriptions -RRB- . In addition it will cover excess charges . In many states doctors are allowed to charge up to 15 % above the Medicare approved amount . Plan F covers this additional charge .


Input: What Does Medicare Plan F Cover?

Output: There are 9 benefits that Medicare supplement -LRB- Medigap -RRB- plans can cover - plan F covers all of them at 100 % from day 1 . Other Medigap plans only cover some of the benefits . The 9 benefits covered under plan F are : 1 -RRB- Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- Blood -LRB- first 3 pints -RRB- 4 -RRB- Part A hospice care coinsurance or copayment 5 -RRB- Skilled nursing facility care coinsurance 6 -RRB- Medicare Part A deductible 7 -RRB- Medicare Part B deductible 8 -RRB- Medicare Part B excess charges 9 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Plan F will generally feature the highest premiums as it provides the most comprehensive coverage . The major advantage of plan F is that it creates the most predictable expense structure for the insured - a critical factor for many of those on a fixed income in retirement . If you would like to secure a Medicare supplement plan , please feel free to send me a private message -LRB- clicking on the `` contact me '' button -RRB- , or visit my website , www.TermInsuranceBrokers.com , to review detailed information regarding Medicare supplement plans .


Input: What Does Medicare Plan F Cover?

Output: Medicare plan F is a great plan if you have money to burn . Plan F is the easiest plan to explain , has the highest premium and pays the highest commission . Because of this many agents will promote plan F and never explain other options . When you shop and compare you will probably find there are plans that deliver better value . Over 90 % of my clients choose something other than Medicare supplement plan F and no one picks Advantage plans .


Input: Why Would You Need Renters Insurance?

Output: If you want to protect yourself and your family against some potential financial hardships due to accidents and you rent a premise then you would want renter 's insurance . Renters insurance typically provides personal liability coverage , personal property coverage , and loss of use coverage . The personal property coverage may be subject to a policy deductible .


Input: Is Life Insurance An Estate Asset?

Output: Life insurance proceeds are considered part of the estate after death , and estate taxes generally must be paid if the policyowner 's estate surpasses the exempt limit , and his/her spouse has predeceased him/her . While alive , only the cash value of life insurance is considered an asset for tax purposes .


Input: Is Life Insurance An Estate Asset?

Output: It can be depending on the situation . In most cases if the proceeds are left to a named beneficiary then there are no estate issues . But there are exceptions to this . For example ; If a person is receiving Medicaid assistance for Long Term Care the cash value of a life insurance policy or in some States , the face amount will create issues as far as qualifying for benefits . If there was an undisclosed life insurance policy owned by the Medicaid recipient then the life insurance proceeds can be attached as part of the estate during Medicaid Recovery . Another exception may include large estates . For the average person there is no problem however , unless you have to deal with the Medicaid issues . If you have a large estate or your health is deteriorating and some type of long term care is imminent then seek out an elder law attorney or care resource planner for advice .


Input: What Is Med Pay On Auto Insurance?

Output: Medical payment coverage on an auto policy provides that if you or a family member are injured as a result of anything having to do with a private passenger car , whether it be yours or someone else 's , you will have financial protection up to a stated amount . If you have this coverage then it is considered primary and you can not open a claim with your medical carrier until that benefit is exhausted .


Input: Why Is Life Insurance A Good Investment?

Output: Life insurance is a responsible thing to purchase and provides invaluable protection but I would not refer to it as an investment . First and foremost , 75 million US families rely on life insurance because of what it does : Provide a tax-free death benefit to protect people and businesses using discounted dollars . The cash value in permanent life insurance is a valuable secondary feature which helps keep premiums low for later in life when the pure cost of insurance would be prohibitively high . The internal rate of return on the cash value can be projected based on current assumptions and should compare favorably to other conservative long term savings products but wo n't likely compare favorably to investments subject to market risks . As basic savings vehicle , insurance cash value is important . In fact , 20 % of long term savings in this country are in life insurance and annuities which form the foundation of savings for millions of families .


Input: Why Is Life Insurance A Good Investment?

Output: Life insurance isnt an investment . However , a sound investment program normally includes life insurance . An investment program requires time to create an estate . A life insurance policy can create an estate with the payment of a single premium . There are types of life insurance that have investment options but the traditional whole life or term policy is a guaranteed contract .


Input: Who Needs Renters Insurance Coverage?

Output: Simply , any person or family that is renting an apartment or house should have renters insurance . The lease you have to sign as well may require you to have it showing proof upon taking possession of the rental . Now the type of Renters insurance is solely up to you . I always recommend getting replacement value versus current value of your possessions . Contact your agent/broker to discuss the pricing and what exactly will be covered .


Input: Who Needs Renters Insurance Coverage?

Output: Every renter faces the possibility of losing their personal property if the unit that they are renting is destroyed . They also face the possibility of facing a lawsuit that could bankrupt them . Some renters chose to accept those risks personally and they do not insure . If you want someone in your corner when tragedy strikes , then you want a renters policy .


Input: How Does A Child Qualify For Medicare?

Output: Disabled children that meet the Social Security definition of disabled , may be covered under Medicare . If the child is under the age of 18 and is receiving SSI payments -LRB- Supplemental Security Income -RRB- they may qualify for Medicare if they are not covered under their own health insurance plan , are as a dependent on their parents plan .


Input: What Happens To Renters Insurance When You Move?

Output: When you move your renters insurance does not follow you to the new location . You should contact your local agent before you move so that you can secure coverage for the new location and then set you current policy to cancel after you have moved all of your personal property between locations .


Input: Which Life Insurance Has A Cash Value?

Output: Permanent life insurance is the type of life insurance that can have a cash value . Permanent life insurance includes all forms of Whole Life and Universal Life . Not all permanent policies have cash values . How much you pay in premium , and how much of your premium goes to pure protection vs building up cash values -LRB- as well as interest rates and other policy provisions -RRB- , will determine your cash value .


Input: What Determines Insurance Rates On A Car?

Output: There are many factors that determine your auto insurance premium . Some of the major factors are : the ages of the drivers to be covered by the policy , the year , make , model of the vehicles to be covered by the policy , the amount of coverage being sought , the garaging zip code of the vehicles , and the motor vehicle records of the drivers to be covered just to name a few .


Input: When You Can Get Medicare?

Output: You can get Medicare at age 65 . If you have paid into Social Social Security taxes for at least 40 quarters -LRB- 10 years -RRB- , your Medicare Part A will not have a monthly premium . If you miss the sign up date , there are times when you can sign up for Medicare past age 65 . Persons under 65 can get Medicare if they have been on Social Security Disability for two years , have end stage renal disease , or have Lou Gehrig 's disease .


Input: When Can I Get Life Insurance After Cancer?

Output: Depending on the type and stage of the cancer , and the date and type of the treatment , a cancer survivor can usually get life insurance two years after the last treatment was completed . If the cancer was very mild , and the treatment was complete surgical removal or other effective method , the time could be shorter .


Input: Can You Have Homeowners Insurance On Two Homes?

Output: You can , and it 's not uncommon at all . However , there are guidelines the insurance company will want you to follow . Many people have a primary home and a vacation or summer home . These can both be insured with homeowners policies , with one being designated as a seasonal home . The only real requirement is that the owner is the one occupying both homes , even if one is seasonal . Some people will try to do this for a home they rent out because it 's less expensive and the coverage is more broad . This is a big no-no . If there 's a claim and the insurance company realizes that the owner is not the one occupying the home , they will void the coverage and deny the claim . Rental homes require a different policy that takes into account the rental exposure . As long as you 're following the rules , you 'll be fine insuring two homes . Just be smart and do it the right way .


Input: Which Is The Cheapest Renters Insurance?

Output: The cheapest renter 's policy is the one that pays the full amount of a claim and leaves you paying nothing more than the deductible . Everything else costs too much ! You probably wanted to know what company or type of company is cheapest but that is not really a bargain . Having enough coverage with a company that will pay the claim is the cheapest way you can go .


Input: Does Renters Insurance Cover A Move?

Output: It is best to check with your insurance professional to discuss your particular coverage . However , generally speaking , here in CT , the coverage we sell and that provided by other carriers whom I have seen over the years does provide extended coverage for your personal property for up to 30 days when you are moving from one location to another . Generally , personal property outside your home is covered up to 10 % of the total amount stated in your policy . This provision however is modified for a move and usually the policy provides coverage up to the full terms and conditions in that situation . Keep in mind that coverage is always subject to your deductible and in the event of a loss , contract coverage is determined by the licensedclaims professional handling the case .


Input: Does Renters Insurance Cover A Move?

Output: To the best of knowledge there is not a renters insurance policy that will provide coverage for moving . The typical coverages offered with renters insurance are personal liability and personal property coverage . 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: Medicare Vs Private Insurance Which Is Primary?

Output: If you are talking about being covered by group health insurance and also covered by Medicare then it will depend upon the size of the employer group you are working for . If your employer has less than20 employees then Medicare is the primary payer -LRB- pays first -RRB- and the group health insurance pays in a secondary capacity . If your employer has more than 20 + employees then the group health insurance plan pays first and Medicare pays in a secondary capacity . This is the simplest and generally most common scenarios where this question comes up . However , there are numerous other situations a person may be in -LRB- eligible for Medicare and Medicaid , disabled , retired and still covered under a former employer 's plan , etc. -RRB- where other primary vs. secondary payer rules come into play that are too numerous to go into here . For more detailed information I would recommend that you go to Medicare.gov as they are an excellent resource for detailed information on the entire range of these issues .


Input: Does Louisiana Tax Life Insurance Benefits?

Output: In a very general sense , Louisiana does not tax life insurance benefits if left to a beneficiary who is not the estate . If the beneficiary is the estate , or life insurance proceeds end up in the estate because there was no living beneficiary listed on the policy , then the money will go through probate and subject to taxes and fees .


Input: How Lucrative Is Selling Life Insurance?

Output: Simply put , life insurance sales profits are directly linked to the amount of efficient work that you put in -LRB- Working smart , not hard -RRB- . There are many successful agents that have made millions of dollars of commissions annually . Further , there is a value in job as you can essentially set your own hours however , you will normally be tied to the hours that your client wants to be engaged . After the banking collapse of 2008 , insurance agent was the number one recession job .


Input: Does Term Life Insurance Have Any Cash Value?

Output: Term life insurance does not have any cash value . However , on some term policies , you can add a rider that could return all of your premium . By adding what is called a `` Return of Premium '' rider , if you outlive the term of your policy you will get your entire premium returned . A Return of Premium policy costs considerably more but if you outlive the policy , you get your premium back and you had the death benefit for the duration of the policy .


Input: Does Term Life Insurance Have Any Cash Value?

Output: No , Term Life Insurance does not have any cash value . It is considered pure death protection , in that its only function it to pay the death benefit if the insured person dies . It is not designed to borrow from , and if you surrendered a Term life insurance policy , there would be no cash paid back to you .


Input: How Much Money Does An Auto Insurance Agent Make?

Output: An auto insurance agent can make MILLIONS of dollars if he can sell MILLIONS of policies covering MILLIONS of automobiles ... . No , actually , like most insurance products ... an agent 's income is based on commission sales . The more policy count an agent can sell , the more commission he/she should be able to make . And now you wonder ... what commission percentage should an agent make ? Well , that depends on the deals you can work out with your companies and/or MGAs . Then , depending on your State laws ... you may or may NOT be able to charge additional fees ... but that is a completely different questions to be answered .


Input: Can People With Ms Get Health Insurance?

Output: I 'll answer your question accurately , and quickly . If you have MS , you can easily purchase health insurance . You will not be asked medical questions during Open Enrollment and no physical will be required . A federal subsidy could substantially reduce your rate . As an experienced broker , this questions is commonly asked by our customers . Obtaining the lowest rate with the best coverage is a goal you can achieve . LIVE answer provided by : Ed Harris - Premier health insurance broker with more than 33 years of experience and owner of several top-ranked websites that provide the lowest rates .


Input: Can People With Ms Get Health Insurance?

Output: Under the Afforable Care Act , each individual health plan is , in short , guaranteed-issue - you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . You can apply for health insurance coverage during the annual open enrollment period or when you qualify for a special enrollment period -LRB- having a qualifying life event - e.g. getting married , giving birth to a child , etc. -RRB- . I highly recommend working with an independent insurance agent/broker as they can help clarify the details under each plan from multiple carriers and guide you through the process of securing a health plan that will best serve your needs -LRB- and in today 's world ... stay within your budget -RRB- .


Input: Where Do I Find Affordable Health Insurance?

Output: The PPACA or Obamacare as it is popularly known goes into effect in 2014 . You may qualify by means testing for the government assistance that may pay the entire premium or part of the premium . The government is also offering credits to some middle class workers that may offset the premium they owe . So check into the means testing rules and credits before the end of the year . Meanwhile , you should secure a short term medical insurance policy .