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What Do I Need To Register For Medicare?

If you have paid taxes into the system then enrollment is automatic. You should receive your Medicare card and a packet of information from Medicare shortly before you turn 65 or qualify for Medicare if you are on disability. If you do not receive your card by the time you turn 65 then you need to call your Social Security office or 1-800-MEDICARE.

What Is A Renters Insurance Policy?

A renter's insurance policy covers your personal property when you do not own the residence you occupy. It also covers your liability, medical payments to others, additional living expenses and numerous other items. Typically, the cost is fairly cheap and an experienced broker in your area can easily compare the best plans for you.

What Is A Cafeteria Plan For Health Insurance?

A "cafeteria plan" refers to the section 125 of the tax code. A cafeteria plan allows you to have dollars deducted from your payroll at your employment to pay for some health insurance costs with "pretax dollars" like child care or prescriptions and doctor visits expenses, and to save for retirement. While the plans may vary from employer to employer in exact details you would be smart to utilize that "cafeteria plan". One word of caution- make sure any dollars saved if not used this year rolls over to the next year and that you DO NOT LOSE THE DOLLARS

What Is Private Disability Insurance?

Private Disability Insurance is Disability Insurance that is purchased privately vs being supplied by the insured person's employer in a group policy. Persons who are self employed, or who do not have group Disability Insurance because their employer does not offer it, are most likely to buy private Disability Insurance.

Can A Home Insurance Company Drop You?

A Top Hat plane is a form of Non-Qualified Deferred Compensation (NQDC). These plans are not governed by the Employee Retirement Income Security Act (ERISA) and are not concerned with discrimination as defined by the Act. Employers have the option to implement the plans and offer them on employees of its choosing. The plans are generally used as incentives to keep certain employees from leaving a company by offering them an extra incentive to stick around and work for the company.

Where To Get Cheap Renters Insurance?

Is Northwestern Mutual whole Life a good investment? Well it depends on your needs. Your needs are what make any choice a good or bad investment. First Northwestern Mutual is a very highly rated fiscally strong company, as many others are. Using Whole life as an investment does work as part of an overall investment strategy as it provides a safe place to accumulate money as well as protecting your other plans. What you will find is whole life insurance is the most boring investment product out there. It's not exciting, it's not racy, it's not an up and down product. It is a slow safe and secure place to put money out there. It's boring because it does what it says it will do. I have owned whole life for almost 30 years and it has never let me down. Can't say the same about my real estate or stock market investments during that same window of time. Oh, last thing to keep it short. Whole life cash values don't go backwards. You can't lose it once it's there.

Can I Deduct Auto Insurance Premiums?

No the FAFSA does not generally count annuities in its calculation for Expected Family Contributions. Though the FAFSA does not include annuities, some colleges and universities use proprietary methods for calculating family contributions which may include annuities and their cash values. These methods generally involve additional forms that ask certain questions not asked by the FAFSA.

Does Travelers Insurance Have Renters Insurance?

One of the insurance carriers I represent is Travelers and yes, you can purchase Renters insurance through Travelers. I would look for a local agent who can assist you in placing a renters policy if you are interested. I am sure the local agent would be happy to quote Travelers if they have access and other carries as well.

Can You Have Both Medicare And VA Benefits?

Anyone who needs life insurance that will last until death at any age needs Whole Life Insurance or Universal Life Insurance with a no lapse guarantee. Without that, the policy might end just before it is needed, and then the possibility of getting a new life insurance policy might not exist. I.e. if you want life insurance to cover final expense, or to pass an estate to someone else, a permanent policy is needed.

What Does A Health Insurance Specialist Do?

A health insurance specialist is an individual with extensive knowledge of the health insurance marketplace and the plans that are available for you to secure - specialists are generally independent insurance agents and brokers as they are the ones selling health plans to the public. If you would like assistance with your health insurance needs, feel free to send me a private message. You can also visit my website, www.TermInsuranceBrokers.com, for health plan information and run instant quotes.

Can I Get Life Insurance After Breast Cancer?

The short answer is yes, you can buy life insurance after cancer. The type, amount and terms depends on the cancer itselfand how long you have been cancer free after your last treatment. To get into the standard ratings after breast cancer practically all carriers will want to see you cancer free for 10 years. Anything less than10 yearswill be a higher risk policy of either rated premiums or graduated benefits.

Does State Farm Have Term Life Insurance?

Critical illness insurance will protect you and family from the financial burdens that would come along with it. Many people survive critical illnesses like heart attacks, cancers, strokes etc. only to end up filing bankruptcy from being stuck with steep medical bills. With the right plan and benefits you can minimize or eliminate your out of pockets expenses in the event of a critical illness and have something left over to help pay your personal bills while you are recovering.

Is A Credit Check Required To Get Life Insurance?

That is a great question! In the vast majority of cases, life insurance companies will not check your credit rating. In many cases your agreements section of your policy may give them the right to check, and if the value of the policy is high enough they might, but that's pretty much the only times that I know of. Most often, it's your medical history, your prescription history, and occasionally your driving record that they will check. Thanks for asking!

Who Can Cash Out A Life Insurance Policy?

Only the owner of a life insurance policy can cash it out, which of course means surrender it, and terminate its coverage. This leaves you with no life insurance. A far better thing to do would be to borrow against it, which you can only do with Whole Life Insurance, never term, whish has no surrender or cash out value. If you instead borrow against it, the policy stays in force, with a diminished death benefit, but you can always repay the loan and return to the full death benefit, which will have grown, since it grows even as if the loan had not taken place, due to accumulation. To get the major part of the death benefit however you do have to repay the loan when the emergency is past. Talk to an experienced agent. Gary Lane, Registered Representative and Agent, New York Life. 949 797 2424. Thank you.

How do I know when my car accident claim is complete?

That would depend on your state regulations. In most cases landlords will recommend renters insurance and their are a few that will require it as part of the lease agreement. Renters insurance is there to protect both you and the landlord. Remember if the apartment building or the home you are renting were to burn down the landlord is not responsible for the replacement of your personal property in most cases and they typically will not provide the funds to secure another residence. Renters insurance can help with both. Contact your local agent to find out about all of the coverage offered with renters insurance and any exclusions that there may be.

Does Short Term Disability Insurance Work?

Short-term Disability does work if you have a qualifying disability. When you are applying for short or long-term disability, you need to look at the definition of disability and occupation. Not all companies have the same definition. If the definition is vague, you may find yourself being denied on your claim or receiving a "lesser" amount then what you have applied for.

How Much Of Your Portfolio Should Be In Annuities?

You can find stripped down Renters Insurance policies for as little as $50.00 per year from any local agent if you have good credit. Most people spend about $150.00 per year on Renters Insurance as they find value in some of the optional endorsements, such as personal property replacement cost (which allows you to buy new items without a deduction for depreciation if you have a claim). Most of my customers add identity theft insurance to their policies so they can file a claim if they are the victim of identity theft. It will help restore incorrect info and pay attorney fees and some time off of work. In short, a basic policy won't cost much, but for a few extra dollars per month you can get much better coverage. What state are you in? I may be able to help you. Send me an email!

How Important Is Health Care Insurance?

Very important. Health insurance allows people to go and get health care if needed. Typically people with insurance will get check ups, find problems sooner due to early detection and can address health needs proactively. When you don't have health insurance you spend your days praying you never get sick. If at all possible strive to keep health insurance on yourself and your family.

Is Profit Sharing A Retirement Plan?

Medicare Part B covers virtually all outpatient expenses including doctor visits, X-ray, MRI, CT, outpatient surgery, ER, ambulance and lab work. Part B has an annual deductible of $147 (for 2013) and then Medicare pays 80% of approved charges, you pay the remaining balance. If you have a Medigap plan your liability may be $0 if you have plan F

Does New Hampshire Require Auto Insurance?

New Hampshire does not require you to have auto insurance. However, you are required, by law, to meet the Motor Vehicle Financial Responsibility Requirements. If you can no meet these requirements, your license may be suspended. Sufficient funds must be available in case you have an accident that is your fault. The requirements are $25,000 per person, $50,000 per accident and an additional $25,000 of property damage. $1,000 of medical payments coverage is required if the vehicle is for personal use. Most persons purchase car insurance policies. An experienced broker will provide the lowest available rates for you in New Hampshire from the best carriers.

Who Can Contribute To An Irrevocable Life Insurance Trust?

Well, there really isn't an on the record answer for this. Older employees tend to cost more to provide health insurance for. Medical plans go one of two ways. One way is a level premium for all employees in the group. This is based on "averaging" the premium cost among the group. This is also done for gender. The other way is known as "banded coverage" where group premiums are grouped, usually in 5 year blocks and rates vary based on ages. You would hope an employer wouldn't use the medical premium cost as a hiring means test. It would possibly be considered age discrimination.

When Did Mandatory Auto Insurance Start?

Car insurance will pay for a stolen car as long as you have comprehensive coverage. Comprehensive coverage covers the vehicle for damages not resulting from a collision accident. For example, fire, theft, glass breakage, a tree falls on the car, ect. If you car is stolen the insurance company will determined the blue book value and pay out the blue book value less your deductible. Kelly Blue Book is a good site to use to determine the value of your car. If your car is still financed and there is a gap in coverage you may end up stilling owing the finance company. Gap insurance is available to cover this need.

Does Homeowners Insurance Cover ATV Accidents?

Homeowners insurance generally excludes any type of activity involving a motor vehicle. The question does not really give enough information to answer the question adequately. What this all comes down to is liability. Are you responsible for someone else s bodily injury or property damage and then how did it happen?

Can Annuities Be Pledged As Collateral?

Deferred annuities are personal property and somewhat of a liquid asset that can be pledged as collateral for bank loans. The somewhat is the surrender charges and ordinary income tax due upon the termination of the annuity. The surrender charges affect the collateral holder, the taxes affect the annuity owner.

How Much Is Car Insurance For A 17 Year Old Female In California?

In California the sex of the driver does not play a role in the price of car insurance. The year make and model of the car are important, as is the annual mileage of the vehicle. The driving record of every driver in the household is very important and the years of experience as a driver are also very important. These factors illustrate that the rating is complex and you should meet with a trusted insurance agent to guide you through the process.

Why Would BCBSTX Offer A Rider And A Rate Up For Migraines?

It is fairly common in many states to "rate up" and exclude a condition. While this does not always seem fair, it is legal and approved by the Department Of Insurance. Your recourse? There is an Open Enrollment in October for 2014 effective dates which should cover your pre-existing condition. Prior to that time, you could apply with another carrier to see if they would cover the condition, with an added charge. But of course, do not cancel your existing policy until you have written approval and have reviewed all provisions of the contract. I realize this was not the answer that solves your dilemma, but in 2014, you might have better luck, especially if you qualify for a federal subsidy.

How Much Should I Have In Annuities?

Product suitability dictates whether you should purchase a non-qualified annuity or not. You first need to establish a personal financial profile that includes a risk tolerance assessment, defined financial goals, an estimate of your life expectancy and a determination of your effective tax bracket. This will assist you in your product suitability self-examination.

How Long Does A Life Insurance Check Take To Clear?

Keep in mind that if one insurance company will not insure your home that does not necessarily mean that your home is uninsurable. And to take it a step farther.... just because your home does not qualify for insurance with the standard markets, this doesn't mean that it will not qualify for a home with an excess / surplus lines carrier like Lloyd's. Contacting the insurance department is a good idea as I know that PA has the "Fair Plan" and you can go to: WEBSITELINK for some additional info because your state might have a similar site to access. --@MooneyInsurance

What Is A Endowment Plan In Life Insurance?

Endowment plans are designed to really push the cash accumulation inside your policy. Why would you want to do that? I mean after all, the purpose of life insurance is to provide the survivor benefit you need, when it is needed, for the best price available. Each dollar of benefit literally costs pennies. It is a great deal. So how does cash fit into this picture? It can be superb icing on the cake. Solid whole life products provide great guarantees on the cash accumulation. Solid whole life companies provide some hefty dividends on a non-guaranteed basics. Universal life can provide not only attractive cash accumulation, but some pretty interesting distribution options. And according to current tax law, all this money can be available with little or no taxation. (Ask your attorney if you dont believe me). BUT certain rules have to be followed if you want to keep Uncle Sam out of the picture. An endowment contract could very well trigger a taxable event. When a policy endows, it could exceed the threshold of growth that the government authorities allow before they tax you. A pretty good sign this has occurred is when the cash value equals the death benefit. Is this necessarily bad? It doesnt have to be. If you get the proper advice from your broker and your tax advisor, this could be a planned event in which you still benefit. Even considering the tax you will have to pay, you could still be way ahead of the game financially. However, if you really want to avoid a taxable event, your insurance company will help you. They really dont want to be sued by you or anybody else who mistakenly gets a tax bill you dont want to pay. They will give you illustrations to your hearts delight with all kinds of red flags screaming endowment! endowment! endowment! You can then plan accordingly. To endow, or not to endow. That is the question :)

What Does Credit Have To Do With Auto Insurance?

Many insurers utilize credit scores when determining the auto insurance rate a customer will pay. The reason is that often, there is a direct correlation and relationship with bad credit and higher incidence of accidents. Although the discount or surcharge may not be large, it is till worthwhile to be aware of your current credit rating and take steps to monitor and improve it.

What Auto Insurance Coverage Is Right For Me?

In order to determine the right coverage to fit your needs you really need to have a sit down with a local agent who can consult with you on the rightcoverage's. Without giving us any specifics of what we are trying to protect it is impossible to advise you.

How Much Life Insurance Can You Get If You Have Been Diagnosed With Breast Cancer?

Traditionally, you can get up to 20-30x your income level of life insurance. The medical history does not necessarily limit how much you can get. The medical history determines the risk classification which controls the premiums for the coverage you want to put in place. When it comes to breast cancer, the details of the medical condition will determine which carriers will offer coverage and what the risk classification would be (each carrier has different underwriting, you may not get the same risk class offer from each of them), The best thing to do is to shop the case via an independent insurance agent/broker who can shop it to multiple companies. You do NOT want to apply to multiple companies as this can work against you due to the MIB (Medical Information Bureau) - from a company's point of view, it's sort of like a red flag if you will if they saw you applied to multiple companies which they can check the MIB for. In order to secure the most accurate quotes for the coverage, a number of factors would need to be known such as when the cancer was diagnosed, what stage is it in/was it in, how was it treated, has treatment been completed, are there anymore tests scheduled or that need to be completed, are you being treated for any other conditions, what prescriptions do you take, family medical history, and other factors. If you have a copy of the pathology report, that will help with a lot of the input. If cancer is current, guaranteed-issue whole life (GIWL) will be the only type of coverage available as it doesn't have any medical questions or exam requirements. However, the amount of coverage available under a single policy is $20,000-$25,000, depending on the carrier. To get more than that, you would need to stack multiple policies. Under GIWL policies, they traditionally feature a 2 or 3 year graded period - meaning you only have accidental death coverage during those periods, otherwise the carrier just returns the premiums paid into the policy if death occurs during the graded period. After the graded period expires, the full benefit is payable. Carriers typically only issue fully-underwritten coverage if the cancer has been in remission/treatment completed for at least 2 years. Many carriers prefer 5+ years from the date treatment was completed for a more favorable risk class. Send me a message via the "contact me" button by my profile picture if you would like me to assist with your coverage. My group is licensed with about 50 different carriers in numerous states. I hope the information is helpful - please let me know how I can be of further assistance. Thanks very much.

How To Determine If You Need Long Term Care Insurance?

Ask yourself these questions: Do you own your home? Do I want to pass it to my family? What about my other assets? If I had to go to a nursing home do I want to have to spend down my assets to qualify for Medicaid? What will my family do if this happens? Proper planning can help insure that when your time comes that you need care your family will not have to suffer the burden of taking care of your personal needs. Help will be available to allow you to stay at home rather than being forced into a nursing home and losing all your hard earned money and assets. Talk to a good Care Resource Planner familiar with not only Long Term Care Insurance, but also Medicaid, Veterans Benefits, and other sources that could save you literally thousands of dollars.

Does Renters Insurance Cover A Broken Laptop?

If the laptop is broken as the result of a covered peril the renters policy will pay to make it whole. The payment will be subject to the deductible and if the computer has depreciated very much your reimbursement might not be significant. If the computer is damaged by negligence or if it simply is running out of gas, then it probably wont be covered at all.

How To Sign Up For Medicare A?

If you want a good safe investment without the risk of the stock market then a fixed annuity can be a very good option to help accumulate cash for retirement. You will not get the returns possible with a mutual fund or stock, but you will also not suffer the potential losses.

What Happens To Life Insurance During Divorce?

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

What Is The Tax Penalty For Not Having Health Insurance Under Obamacare?

The first year penalty is only $95.00 and will gradually increase. In 2016 the penalty will be adjusted to the CPI or Consumer Price Index. Most people will qualify for a subsidy to pay the monthly premium. Those individuals between 133% & 400% of FPL or Federal Poverty Level. The amount varies by state, in NM for example, if an individual makes less than $45,900 Modified Adjusted Gross Income, & $92,000 for a couple filing jointly, they will qualify for a tax subsidy. The less you make the larger the subsidy. There is catastrophic coverage available for those under 27 years of age. Bronze which pays 60%, with a 40% member coinsurance, Silver 70/30, Gold 80/20, & Platinum 90/10. My company is licensed in several states, feel fee to contact me with additional questions. Or to get qualified through the Health Care Marketplace starting October 1st, 2013. Enrollment runs through December 31st, 2013. Coverage to begin January 1, 2014.

What Is Mutual Whole Life Insurance?

A mutual life insurance company is owned by their policy holders who select a board of directors, generally by a proxy vote to operate the company on their behalf. Every year the board of directors generally declares a dividend which in turn is distributed pro rata to their policy holders.

How Do I Get Short Term Disability Insurance?

Some financial counselors recommend spending a certain percent of your income on life insurance. However, there are so many different uses for life insurance, and the price varies so much based on age and health and the type of policy purchased, that it doesn't always work to use a rule of thumb. If you are a retired person with a high income and net worth, you may want to purchase life insurance to avoid and/or pay estate taxes, and to transfer your wealth to your heirs. The cost of this type of policy could be pricey, but it would save you a lot of money. In contrast, you may be a young newlywed who can only afford to spend only $20 per month on life insurance. This could possibly buy $250,000 of term insurance for you and your spouse. At that time in your life, that expenditure would be appropriate.

Who Can Buy Medicare?

That is a great question! The vast majority of people get Medicare when they are turning 65. The program will allow people under the age of 65 to enroll under certain conditions, like kidney failure, or if you have been on disability for a designated amount of time. The program is designed to help Senior Citizens afford health care, so unless you meet the exceptions, you will need to be 65 or older to enroll. Thanks for asking!

What Is A Retirement Plan Fiduciary?

Employee Retirement Income Security Act (ERISA) of 1974 requires employer sponsored plans to accept fiduciary responsibilities for compliance under 404c and the newest regulation for fee disclosure, 408(b)(2). ERISA requires employers to design a written plan, a trust fund to hold the assets, an accounting system for the retirement plan and written notifications and updates to plan participants.

Can You Have More Than One Life Insurance Policies?

The simple answer is yes, you can have two or even more life insurance policies in force at the same time. The main restriction on the amount of life insurance you can have is how much you are worth. When you apply for any insurance policy, they will ask what other plans you have in force. If you are asking for too much insurance combined between all of your plans (this amount varies based on the company but is often 20-25 times your annual income), they may deny your request.

Does USAA Sell Life Insurance?

USAA does indeed sell life insurance. USAA (United Services Automobile Association) is a Texas based insurance carrier founded in 1922 to serve the financial needs of past and present members of our armed forces. USAA life insurance plans can be very competitive in some situations. You should always compare rates to other carriers when shopping for life insurance. You should also factor in underwriting, which can significantly impact the final rate.

Does AARP Have Long Term Care Insurance?

No, AARP does not carry Long Term Care insurance at this time. The American Association of Retired Persons does give tips to members on what to look for in long term care coverage and is committed to watching out for its age 50+ members in this area. To obtain Long Term Care quotes there are many online agencies that can assist you.

What Does Disability Insurance Protect?

Disability Insurance protects your paycheck. Only people who draw an income can purchase Disability Insurance, and the benefit you can get is based on your income. If you were injured and unable to go to work, or got an illness that caused you to be off of work, or had complications in childbirth that kept you from going back to work as planned, Disability Insurance will pay a large % of your paycheck to you in cash each week. You can use this money just as you would have used the paycheck you earned through your job. So in essence, DI also protects your family, your home, and your lifestyle.

Is Life Insurance Community Property?

Typically when looking for a homeowners insurance policy you would look for a replacement cost coverage and at least a 2% automatic increase in that coverage annually as a stating point. Depending on your experiences and area that the premise is in, you may also want other endorsements to provide proper coverage for your needs. Your first step should be to contact a couple of local agents from different carriers within your geographic area to find out what is available. Find someone that you are comfortable with as they will be the first person you contact when you have an issue or question about/with your policy or carrier

How To Sign Up For Medicare Part B Online?

Typically yes you can borrow from a whole life policy if the conditions are right. First locate your policy and find the illustrations page. This is a chart of cash values at different years in the policy. Depending on the time the policy has been in force, this will give you an idea of how much you may borrow and the interest rate you are charged until repayment.

How Much Does It Cost For Car Insurance?

Car insurance rates are based on several variables which are different for everyone. To start, what is your age, what is your driving history? What car are you driving and how much coverage do you want vs. need? Some companies look at your credit score as well. I wish I could tell you exact numbers however as you can see, the range could be inexpensive to pretty costly. Always shop around talking to agents to see what can be offered.

How Do I Qualify For Medicare In Wyoming?

To qualify for Medicare in Wyoming, you must be age 65 and have paid into Social Security taxes for 40 quarters (10 years) over your working life, or you must have/had a spouse who did so. If you are under age 65, you can get Medicare if you have been receiving Social Security Disability benefits for two years, if you have end stage renal disease, or you have ALS. All of the above have specific guidelines. See Medicare.gov for details.

Why You Should Buy Disability Insurance?

You should buy Disability Insurance if you have an income that would be entirely lost if you were unable to work at all for a short or long period of time. If your job is specialized and it would be very difficult for you to work or make a living at an alternative job, you could get Disability Insurance that covers your "own occupation" so that you do not find yourself working at something that makes you miserable for the rest of your life.

Can Medicare Pay For Nursing Homes?

Medicare can pay for nursing home stays under certain conditions: 1) The nursing home stay must be within 30 days of a qualified hospital stay in the hospital of at least days. 2) There must be a prescribed medical need for daily skilled nursing or rehabilitative care. 3) The facility must be Medicare approved. 4) Medicare will only continue as long as the patient is showing improvement. 5) The first 20 days are totally covered. Days 21-100 charge a co-payment that was $144.50 per day in 2012. After 100 days, Medicare no longer pays any benefits for nursing home care.

Is Short Term Disability Considered Health Insurance?

No short term disability is a different policy than health insurance. Health insurance is designed to pay the providers, i.e. doctors, hospitals, clinics, etc. Short term disability is designed to pay you for the income that is lost due to an injury or illness. It can be used for medical expenses, food, mortgage or anything else needed to survive during a difficult time.

Which Private Health Insurance Covers Cosmetic Surgery?

The cost of healthcare depends on a number of factors. For example, it will depend on your age , location, and whether you use tobacco products. Thanks to the new Affordable Care Act there are no medical questions and all pre-existing conditions are covered. You should contact a broker like myself and they will need everyone's dates of birth, tobacco use, and zip code. Be sure and have them check to see if you are eligible for a subsidy from the government to help pay for the health insurance. Contact me if you need help. I am licensed in 31 states

Does Life Insurance Get Taxed At Payout?

The death benefit from life insurance is usually paid out tax free if it is paid directly to the beneficiary(s). If it goes through the estate (no human beneficiary named) it will usually be taxed. If you are planning a larger estate, you will want to involve an estate planning attorney, a life insurance agent and a CPA as your advisory team. There are certain situations where you may be taxed if you do not plan well. A big advantage of whole-life insurance is that you can also use it for tax free income before you die. Life insurance is one of the most tax favorable money management tools you have available.

Which Disability Insurance Is Best?

Critical Illness Insurance pays a lump sum to someone who is diagnosed with a life threatening illness that has a major impact on their lives. Arthritis generally does not fall into this category, and I am not aware of that condition being list in a critical illness list of covered conditions.

What Are The Types Of Life Insurance Policies?

Life insurance has two categories: Term and Permanent. Within the Term category is regular Term and Return of Premium Term. Term insurance usually has no cash value and jumps way up in price at the end of the term. The latter, ROP Term, will return a portion of the premiums if the policy is cancelled in its later years. If the Insured person is alive when the term ends, 100% of the premiums that were paid in will be paid back to the owner of the policy. Permanent Life Insurance includes Whole Life and several types of Universal Life. These policies have a savings feature in addition to the pure protection, that allows them to stay in effect to a very advanced age. The cash value can also be accessed for other purposes while the Insured person is still alive.

Which Is The Best Life Insurance To Get?

The best life insurance to get is going to depend on many factors. The most prominent one being why are you taking out the policy. Otherwise, I would say a whole life policy is the one that will provide a lot of bang for the buck in most cases. To ensure that you get the policy that is right for you contact your local agent and discuss your needs and expectations so that they can direct you to the policy that best fits.

Does Health Insurance Typically Cover Otoplasty?

Health insurance may cover otoplasty, although in most cases it does not. If it is considered cosmetic (and usually it is), it may not be paid or covered under a typical policy. However, all plans are different and you should always check with your carrier and inquire about benefits. If it is not for cosmetic reasons, that will help your chances.

Can I Pay Health Insurance Premiums With Fsa?

Can you pay health insurance premiums with a Flexible Spending Account? I guess the first thing I would ask is if you have a FSA in place, aren't your premiums already being deducted pre-tax? I don't know of any business situation that offers a FSA plan that doesn't already have employee paid premiums already taken pre-tax. Do you mean health insurance premiums for another family member who is not part of your employer's plan? I believe the answer would be no. FSA in regard to medical, dental and vision expenses are designed to pay towards out of pocket expenses a person has during a plan year.

What Is Face Value Of Life Insurance?

First consideration is whether the plan should be qualified or non-qualified. If your tax bracket is high and/or your employer matches some of your contributions, a qualified plan should be considered. If your tax bracket is low and your employment doesn't offer a match then non-qualified plan should be considered. Once you establish whether the plan should be qualified or non-qualified, then funding your retirement with the proper product is next. To do this you need to establish a personal financial profile that includes a risk tolerance assessment, your financial goals and a life expectancy review.

How Much Does Single Premium Life Insurance Cost?

The smallest premium I have seen for single premium life insurance is $1,500. The highest is in the millions. The amount of coverage that you can get for any given single premium depends on your age, health history, tobacco use, gender, height-weight, etc. Your independent agent can give you rates for many companies and help you understand which companies will approve you.

When Should I Get Disability Insurance?

You should secure disability coverage as soon as you begin working full time. Disability insurance is paycheck protection. Most Americans have 90 days in cash reserves, so a disability could be financially devastating. The odds of experiencing a disability event are much higher than death, so its an important part of defensive planning.

What Does Renters Insurance Cover In A Fire?

In a fire your homeowners insurance will pay for damage to your personal property, the additional cost of finding alternate temporary lodging and will adjust the claim on the basis of replacement cost if you selected that coverage. If there are liability claims arising out of the fire your liability section will defend and pay awards up to the limits of the policy.

Should I Buy Long Term Care Insurance In This Economy?

Should you buy long-term care insurance in this economy. The most important factor is "your" economy. That is, if your business is insulated from some of the recent economic problems we have been facing, it should not have as big of an impact on your decision compared to most others. However, if you are concerned about your income in the next 5-15 years, this should be taken into account. Of course, you can always start with a lower amount of coverage to keep premiums lower.

How Much Does The Average Renters Insurance Cost?

Looks like David has covered the question pretty thoroughly so I'll just give the short answer. When you withdraw from your 401K early - that is before reaching age 55, you will be taxed on the entire amount. Then you will be penalized ten percent of the pre taxed amount. On top of that you may also have a percentage withheld for income tax for the year of withdrawal.

How Are Life Insurance Proceeds Taxed At Death?

You can request the maximum coverage which may differ from company to company and sometimes by state because the price for assisted living and nursing home confinement costs differ. In Arizona my long term care insurance policy pays 7,000 a month for a total benefit of $420,000 or 60 months of coverage.

Who Much Life Insurance Should I Have?

Many people choose to purchase life insurance in amount that is 10 times their annual salary. Some people add up the important things in their lives that would be threatened if they were to pass (e.g. possible loss of home, children being unable to attend the college of their choice) and purchase a policy that would replace the funds needed for those things. If you are purchasing your policy for a specific purpose, such as your funeral or to pay the inheritance taxes on your estate, you can purchase the policy for the anticipated amount. The amount of life insurance you should have varies for each person. Visiting with a good life insurance agent can help you make that determination.

How Much Does Basic Renters Insurance Cost?

It will depend on how the divorce is structured. As an Insurance Agent and not an attorney I won't attempt to tell you what the laws says regarding divorce. What I will offer is some suggestions as to what could happen; 1) Nothing - present insurance in force prior to a divorce does not change because of the divorce 2) Judge assigns insurance policy - a judge could order that the beneficiary for the policy be changed to support a divorcing spouse or children. He could also issue instructions as to how the cash value of a policy is to be distributed. I would consult an attorney for a more detailed answer.

Why Would My Auto Insurance Go Up?

The type of life insurance that pays a dividend is called a participating policy. Dividends are paid when the insurance company makes a profit and, in essence, shares them with its policyholders. The type of life insurance company that offers participating policies that pay dividends is called a mutual company. The type of policy that pays a dividend is usually Whole Life.

What Is Better Term Or Whole Life Insurance?

What is better for the person buying the life insurance policy, depends on the need for which the person is buying the policy. If the need is temporary and the applicant is on a limited budget, Term insurance can be a cost effect way to meet a temporary need. Whole Life is excellent for final expense, business succession, and estate planning purposes, because it is sure to be there at the time of death, which is when it is needed.

Can I Be Denied Health Insurance?

At this time yes you can. However that is soon to change. Beginning in January of 2014 the affordable care act mandates that no one can be denied coverage based on pre-existing conditions. You will be able to take out a policy in or out of the exchange. You also cannot be charged more premium because of your health.

What Is Covered Under Medigap?

The best life insurance in Delaware will be a plan that fits your age, health and needs. Some companies specialize in wonderful Whole Life insurance, but their Term policies are not competitive. Some offer outstanding Term rates, but don't even carry Whole Life. You need to visit with a knowledgeable agent to determine the best policy in Delaware for your personal profile and the type of policy that will work best for you.

What Is A Non-Qualified Retirement Plan?

Non-qualified retirement plans are not sanctioned for the tax deduction like qualified plans are under ERISA. Non-qualified retirement plans generally use annuities and life insurance. Annuities can be used in qualified plans, but life insurance cannot. Non-qualified and qualified retirement plans using annuities, for an example, accumulate tax deferred, but the basis of a non-qualified annuity is distributed free of taxation, whereas qualified annuities are fully taxable including basis.

How Much Should Long Term Care Insurance Cost?

Long term care insurance premiums will vary greatly according to age, health, features of the policy, and area in which the policy is purchased. However, you could look at the federal guidelines for how much premium can be exempted on income tax returns, to get a general guide for life insurance premiums. In 2013, they are: 40 and under: $360/single, $720/couple 41-50: $680/single, $1,360/couple 51-60: $1,360/single, $2,720/couple 61-70: $3,640/single, $7,280/couple 71 and up: $4,550/single, $9,100/couple

Is A Chiropractor Covered By Medicare?

Chiropractic care is covered by Medicare in some situations. Medicare Part B pays for a chiropractor's manual manipulation of the spine to correct subluxation. If a hand held device is used during the manual manipulation, the use of the device is not covered. Initial physical exams, evaluations, X-rays, acupuncture, physical therapy, supplements and orthopedic devices prescribed or provided by a chiropractor are NOT covered.

Who Has The Best Medigap Plan?

Yes, up to the policy limit. You will need to check on your policy forms and look at the cash coverage. Its usually up to $1500, but may vary with different insurance companies. Talk with your insurance agent and have him or her explain the circumstances of this coverage if cash was taken from you.

How Much Renters Insurance Do I Need For An Apartment?

That is a question I get asked everyday. It truly depends on how much "stuff" you own and want replaced. Many insurers have a minimum amount of coverage needed for replacement coverage to be part of the policy. Typically it is $20,000. You want to have replacement coverage so that your items are replaced with new items, not depreciated costs. A TV you purchased 3 years ago is worth much less than its replacement. A good rule of thumb to use is $10,000 per room rented. This may seem like a lot at first, but when you start adding everything up over time that you have purchased, you will see that it is reasonable.

Who Sells Term Life Insurance?

Term life insurance is sold by agents who work alone from home or in a small office, agencies that employ several to many agents, online agents and agencies, mailers, and some life insurance companies that sell it direct to the consumer online. You can buy Term Life Insurance in many places. The key is to make sure you are medically qualified and getting the best price. To do that, it is best to go through an agent.

How Much Is Disability Insurance For Doctors?

Any disability insurance policy is priced based on several factors of the applicant. These include age, gender, occupation and duties of that occupation, tobacco use, and the amount of coverage needed or desired. The amount of coverage is often dictated by the person's earned income; the more someone earns, the more coverage that is available. There are several policy design features that can be included in the plan (or not) that will also affect the price. The person's medical history can also play an important role in pricing. As you can see, there are lots of moving parts to a disability policy that will affect the price. Doctors often buy coverage to protect their specific medical specialty. Best to discuss this important insurance coverage with a knowledgeable professional.

How Much Disability Insurance Do You Need?

Adjudication is a review of submitted claims to determine if you qualify based on your plan and premiums, and if the claim is an eligible claim under the terms of your policy. Once a claim has been properly adjudicated and approved for payment, the carrier or claims payer will issue a check.

Does Homeowners Insurance Cover HVAC?

In California the auto policy is issued to a family. If they reside at the same address and are in fact members of your household they can purchase insurance on their car, especially if you appear on the title of the car. However, their problem will become your problem in most cases

Can I Get A Life Insurance Quote Online?

It depends which two people you are referring to. Naturally, ahusbandand wife in their 60s will cost much more than a young couple in their 20s or a single parent in their 30s with a child. Zip code, smoking status and type of plan will impact prices as well. As brokers, we need specificinformationbefore we shop all of the top-rated carriers and provide consumers with the best rates. Once we have that information, it's easy to show rates for different types of coverage.

Is Life Insurance Acceptable In Islam?

Do to its use of interest and chance there are those who believe that insurance is not permitted in Islam (i.e. that it is haram or sinful). Due to the spiritual nature of this question, you should seek the advice of an Imam for further guidance on Islam's position on insurance.

What Does Home Insurance Cover In A Fire?

is not always the best idea. What you really should do is sit down with your finances (or financial planner if you have one) and figure out how much discretionary income you have each month. The reason you should do this is you have to figure out how much of adeductibleyou are comfortable paying in the even of an accident. Even though it is nice to save

What Is The Definition Of Disability Insurance?

UMPD covers damage to your vehicle if it is in an accident caused by another party hit you and is at fault. Unfortunately UMPD does not cover the theft of a vehicle. You would of had to carry comprehensive coverage to cover the theft of your vehicle

Does Michigan Require Auto Insurance?

Medigap plans are standardized (there are 11 options total) meaning the benefits are EXACTLY the same, regardless of which carrier you purchase it through. Several of the major things to look at when shopping for a Medigap plan are the plan benefits (e.g. plan F, plan G, plan N, etc.), the premium, and the premium rating method (community rated, attained-age rated, or issue-age rated). If you want to have coverage that creates a predictable expense structure throughout the year, you will want to look at a plan F or a plan G. If you're willing to take on a larger share of the risk of expenses to keep your premium down, you may want to consider a plan Hi-F, or a plan N. Most companies will use the attained-age rated (rates based on your current age) system such as Omaha, Anthem, CareFirst, Cigna, Humana, and many others. United Healthcare uses the community-rated (rates are not based on age). There are a few carriers that will use the issue-age rated (rates based on age when plan is first purchased) as well such as Everence.

Who Invented Critical Illness Insurance?

Critical Illness Insurance covers specified major illnesses. Typically, it pays a lump sum (sometimes different) payment to the insured. The first Critical Illness policy was issued in 1983 in South Africa. They have grown in popularity since that time. A full-time broker (not a part-timer, a media person or someone not fully-licensed) will be your best resource for quotes and information.

When Is The Best Time To Buy Annuities?

Health insurance came into being to help pay for catastrophic (large) medical claims. Initially health insurance plans only covered inpatient hospital stays. Over time some medical care that could only be handled as an inpatient became available on an outpatient basis. Also, new prescription drugs were developed to treat illness that earlier had been considered incurable. As these new (and quite expensive) drugs came on the market health insurance was expanded to cover outpatient services including Rx, extensive diagnostic testing such as MRI and CT scans and outpatient surgery.

Can You Apply For Medicare Part B Online?

You can apply online for Medicare Part B. You can accomplish this in different ways. You can go directly to the Social Security website and complete the short online paperwork. You can also go (in person) to a Social Security office in your area. Typically, it should not be far away. You can also call (800) 772-1213. And of course, working with an experienced broker with the help of a reputable website will also make the process much easier. Don't worry. Brokers don't charge fees.

What Are The Benefits Of Critical Illness Insurance?

Individuals who qualify for their states Medicaid program, and those who are covered by a family members policy. Medicaid is a federal program that is managed and implemented on the state level, it has been traditionally provided to low-income individuals who fall below the poverty line. However it looks as though it will be expanded by PPACA to include those who fall below 200% of the Federal Poverty Line (however there is quite a bit of time between current guidelines and January 1st. 2015). The only other way that you can be exempt is if you are listed as a dependent on someone elses policy.

What Is The Age Limit For Health Insurance?

The age to remember with health insurance is 26. Under the Affordable Care Act, children can stay on their parent/guardians health insurance until the age of 26 regardless of marriage status or enrollment in school. After the age of 26, the person must obtain their own insurance. Those under age 30 can obtain catastrophic insurance coverage for lower premiums than other ACA-compliant policies. With a catastrophic plan, preventive care is covered, but the individual is responsible for 100% of the cost up to the out-of-pocket maximum, which is $6,350 for individuals.

Can You Be Dropped From Group Health Insurance?

Yes, but not just because someone in the front office feels like picking on you that day. There would have to be some change in your eligibility status or what the company's policy is to trigger such an event. For example, you had your working hours reduced below 30 hours per week and this puts you below both your employer's and the Federal government's definition of what a full-time eligible employee is (30 or more hours per week defines a person as full-time for benefits eligibility under ObamaCare). This could trigger your still being an employee but no longer being eligible for their group health insurance plan. If you are responsible for paying a portion of your health insurance premium (and most employees are these days) and for some reason you are unable to pay your share of the premium (usually hard to do since these payments are generally taken out on a payroll deduction basis) then you could be terminated for non-payment of premium. Of course, if your employer decides to terminate their group health insurance plan entirely and you are dropped from coverage because a group plan no longer exists at your workplace you are obviously dropped. Though usually even small employers will try to give advance notice and employers (especially larger ones) are required to give a certain amount of advance notice of a plan change or termination. But you can't be dropped from your employer's coverage in an arbitrary manner while still an employee meeting all the eligibility requirements set forth under your employer's personnel policies and state and Federal laws. For example, you couldn't be terminated from the health insurance plan simply because your were running up a lot of expenses for your cancer treatment.

Does FAFSA Count Annuities?

Have you seen that esurance TV commercial ( WEBSITELINK ) ? Everybody wants CHEAP insurance and almost any insurance can give you CHEAP insurance .... But the reality is that you get what you pay for. Renters insurance is probably the most affordable coverage that you can find and will probably cost you $15/ month for great coverage. Make sure your policy has replacement cost on contents and includes additional living expenses. Saving $5/ month could wind up costing you thousands of dollars if you have the wrong policy. Check with an independent insurance agent who can look at multiple carriers and see what policy is right for you.

How To Get Health Insurance For A LLC?

Purchasing health insurance for an LLC is no different than applying for an individual or group health insurance plan. If the LLC has few or one one employee then individual policies would make the most financial sense. If the LLC wants to provide benefits for all its employees then either a small group plan or a defined benefit plan will make sense. Group's plans require an in depth fact finding analysis to uncover the true needs of the group. Important factors include: Size of the group Number of employee participating Amount employer wants to subsidize - if any? Type of benefits Are employees local or spread out among states The new trend in 2014 for small group is setting up a defined contribution plan (section 105 plan) where the employer subsidizes a set amount to employees tax-free and the employees use that money to offset their health insurance premium, costs etc for the individual plans they purchase.

How To Sell Life Insurance Online?

It depends on your needs, budget, and preferences. I would recommend consulting with an independent Medigap broker who can work with you on a personal level and help you evaluate your options. If you want to create a very well-controlled, predictable healthcare expense structure where you don't have to worry about receiving massive medical bills, you may want to consider buying a Medigap plan (most likely a Medigap Plan F or Plan G). The premiums for Medigap plans are typically a little higher than a Medicare Advantage plan, but they feature much broader coverage. Medigap plans are guaranteed renewable and are standardized (meaning a given Medigap plan features the same benefits regardless of the carrier you have it through - a plan F from company ABC is the same plan F from company XYZ). They also have no networks, meaning you can go to any doctor you want that accepts Medicare (the vast majority do these days and you can check to see if a doctor in your area does using a physician finder tool on Medicare's website, Medicare.gov). As far as services go, if your doctor accepts Medicare, then they have to accept your Medigap plan as well. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.

How Much Does Long Term Care Insurance Cost On Average?

The cost of long term care insurance depends upon your gender, age, smoking status, health history, current medical condition and the package benefit package you select. A nonsmoking male and female in good health at age 60 using a joint long term care policy can expect to spend around $300 a month in premium.

Can an apartment complex require you to add them as a co-policy holder on your renter's insurance?

The landlord can require that they be named as an additional insured. Most companies do not charge anything for his extension of coverage. It merely clarifies that if someone sues you and the landlord simultaneously that the policy will provide the primary defense. Normally, the concern of the landlord is in the concern over legal action.

When Is Open Enrollment For Medigap Policies?

You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan. Once you have an established Medicare Part B effective date, you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting. After this point, you can buy a new Medigap plan whenever you would like (there are no annual enrollment periods for Medigap plans), however, you would have to go through medical underwriting if you don't qualify for a special enrollment period or a guaranteed-issue right. The best overall time to buy will be your initial open enrollment period when you're new to Medicare and just starting Part B coverage. Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize. It's not all about price as some may believe. You need to look at the carriers' premium rating methods (community, attained, or issue age rated), their rates, their rate increase history, their service history, and other factors. It's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires, needs, and budget. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including providing quotes and plan comparisons, and if you have any other questions. Thanks very much.

What Is The Best Life Insurance Policy For Children?

Getting a child Whole Life Insurance gets them insurance that can be theirs all their lives, regardless of their future health, or whether they even become uninsurable. And at their age, the cost is so low, it makes a perfect gift from a grandparent or certainly their parents. New York Life is advertising their Grand Parent Gifting Program this time of year. It sure beats video games. Gary Lane, Registered Representative, New York Life, 949 797 2424. Thank you.

When Does Medicare Cover Blood Tests?

Medicare Part B covers most lab tests as long as they are medically necessary. Routine blood work in conjunction with your annual preventive care exam is usually covered at no charge to you. If your lab tests are diagnostic in nature, and considered medically necessary, they should be covered subject to the deductible and coinsurance.