imsumit18/insurance_training_data huggingface dataset:
In the mid-1800s a form of whole life that were familiar with was developed. The first life insurance policy was sold be Amicable Society for a Perpetual Assurance Office. Term life insurance preceded whole life as we know it in various forms of annual renewal term. Permanent whole life, not necessarily participating whole life began appearing with some of the first American mutual companies like the venerable New England Life in 1835.
When you look into an Annuity you have a variety of ways to fund it. You can make monthly payments, you can make a lump sum payment and you can make lump sum to start off and add to it. In an Immediate Annuity you can make a lump sum payment, annuitize it and begin to receive monthly payments. People who want to have a steady monthly payment tend to utilize this type of annuity so they can get regular payments from the insurer.
Medicare covers your annual exams including most women's gynocological exams and testing. As part of your pelvic exam and pap test, your doctor should screen for abnormalities including STD's, abnormal cells and HPV. The HPV virus has been linked to certain types of cervical cancer. You should have regular HPV screening and it is normally covered by Medicare
Everyone who pays into Social Security pays for Social Security Disability Insurance. SSDI benefits are funded the same way as Social Security benefits, which is from a payroll tax on all employers, employees, and self-insured workers. They are usually called FICA taxes, and they are managed by the Secretary of the Treasury.
Yes, life insurance companies access medical records with your permission. Depending on the size of the policy and company requirements, medical records may or may not be required for your policy. When you apply for life insurance, there is a HIPAA (Health Insurance Portability and Accountability Act), which provides permission for the insurance company to obtain and view your medical records. The medical records, along with a prescription check, MVR records, and exam are used to determine your eligibility for life insurance.
Renters polices typically say $0 under coverage A on your declarations page in your policy. Therefore, no coverage would exisit. Renters polices contain coverage for your contents, your belongings and usually liability protection in the event you are sued.
Pennsylvania state minimums for car insurance are 15k/30k for Bodily Injury, 5k for Property Damage and 5k for Medical Payment. All other coverage and limits are optional. However I highly recommend Uninsured and Underinsured Motorist coverage. This protects You if the person who hits you doesn't have insurance or enough insurance to cover Your damages. Go to WEBSITELINK for more information and some free quotes!
Yes, if you do not pay your premiums or no longer meet the carriers standards the carrier can either cancel or non-renew your policy typically with as least fourteen days notice. Contact your local agent to discuss the details of the drop notice. They may be able to help you understand the reasons behind your coverage being dropped or non-renewed.
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.
If you still reside within the same state, you should not need to change your car insurance. You will need to inform your local agent or carrier of your new address. Your rates may change depending on the carriers rates for the area that you resided in and the area that you moved in to. If you move outside of the state that you currently have your coverage established in then you may have to seek a new carrier.
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.
Disability Insurance is provided by Life Insurance agents. The same companies that sell Life Insurance may sell Disability Insurance, and vice versa. Some Life Insurance agents specialize in both. That is the type of agent you want to seek out, as there are a lot of unique features to Disability Insurance that need a knowledgeable agent to explain them in understandable language, and to know how to guide you to pick out an affordable Disability Insurance policy with the features you need.
Some investment brokers from firms like Wells Fargo happen to have a life insurance license so they can offer variable annuities to their clients but they tend to not use it for life insurance. While a few may actively sell life insurance most do not. Access to insurance companies and products may be limited at these firms. Insurance is a complex financial product requiring a planning expertise that most investment brokers do not have. If you need insurance advice I suggest that you seek out the services of a life insurance professional.
The best Medicare health plan is one that meets your expectations for coverage and price. There are basically two types of Medicare health plans. One is a supplement to traditional Medicare and covers some or all of your out of pocket expenses. These are referred to as Medigap or Medicare supplement plans. The other is a Medicare Advantage plan that replaces traditional Medicare. With Advantage plans your doctor, if they accept your Advantage plan, files claims direct with the insurance carrier. Advantage plans have networks, a lot of moving parts and a lot of out of pocket. #GeorgiaMedicarePlans
Life insurance maturity generally refers to the contract ending point where coverage ends and any cash values are distributed. In our modern application of life insurance maturity dates extend to age 121, with some life insurance companies using language and not age as their maturity date, i.e. the life of the insured. Any cash values that exceed basis in a policy maturity event are subject to ordinary income tax.
The cost of seeing a dermatologist without health insurance could cost between $50 and $500, depending on tests that are performed, the cost structure of the physician, the area where you live, and what special offers the physician gives to consumers without coverage. You can always ask in advance and ask if there is a "break" since you are not covered.
Life and TPD Insurance stands for Life and Total and Permanent Disability Insurance. It is a Life insurance policy that has an add on that would pay a lump sum if the insured person were to become totally and permanently disabled. If this was paid out, the death benefit is usually reduced by the TPD amount paid out.
To buy Disability Insurance online, go to a website that sells Disability Insurance and request a quote. It is very difficult to obtain an instant DI (Disability Insurance) quote because there are so many variables to DI policies. So using an online Contact Us form or emailing the website email address might work best. Keep in mind that many online websites that only give instant quotes for Life Insurance, also offer Disability Insurance quotes from a number of DI carriers (as our website does). That is because licensed Life agents can also sell DI, and many of the same companies that offer good Life insurance policies also offer good Disability Insurance policies. Again, calling or emailing the website is your best way to determine where and how to purchase Disability Insurance online.
People purchase disability to protect the paycheck from periods of sickness and injury. Most Americans only have around 90 days in cash reserves. Even among young people, the average disability period easily exceeds 90 days. Protecting your earning power against these unforeseen events is the primary motivation in purchasing disability insurance.
Cash surrender value comes only with Whole Life Insurance, never with Term. It is the amount you can terminate your policy and receive. That amount includes both what you put in and what profit you made. The profit is taxable, just as most profit would be taxable. A far better idea would be NOT to surrender your Whole Life Policy, but instead to keep it and borrow against it and either then not repay it or choose to repay it as you wish. You continue to grow in value, even when the loan is out, and your policy stays in force, although the death benefit is reduced by the loan until it is paid back. There are numerous option you should discuss with a qualified agent. Gary Lane, Registered Representative, New York Life, 949 797 2424. Call anytime. Thank you.
This will vary from carrier to carrier. It will also depend on the number of DUI's you've had and your age. Younger people (especially those in their 20's) are effected the most by a DUI on their driving record. For most carriers, one DUI will keep you at their standard risk class for at least 3 years since the incident.
Most auto dealers will not let you drive the car off of the lot unless you have proof of insurance if there is a loan on the car. It is never a good idea to drive a car without insurance. If you traded a car in, then the coverage on the older car may extend to the new car temporarily, but you need to call your agent as soon as possible and get it changed. Most dealerships have an insurance agent they work with who can get you coverage as well.
Although it was once possible to consider those in their early 80s, and while rate tables may still exist, the insurers have effectively stopped issuing at these ages. To keep premiums low, insurers are marketing to younger ages and doing what they can to increase their business volume at younger ages. This is especially important for them at a time when long term investment yields at insurers have fallen to extreme levels,
This is not an accountants answer. The expense for doing a business can be deducted. If a part of a home is used to conduct a business, or as an in-home office, the percentage of the homeowners premium that would be represented by the space occupied by the business or office could be deducted from your schedule C. You should let your homeowners policy company know that you are conducting a business or keeping a business office on premises. This risk is excluded on most policies. Interestingly there are some businesses that are not excluded; one is piano lessons.
You should buy your Medigap plan when you're new to Medicare - this is THE BEST time to buy a Medicare supplement plan because you have a 6-month window (your initial open enrollment period - starts from your Medicare Part B effective date) to apply for any Medigap plan with NO medical underwriting. This means that a carrier cannot decline you for coverage for any pre-existing conditions or other medical-related illness. Beyond this window, you'll be subject to answering health questions to qualify for a new plan (every carriers' questions are different) if you don't have a guaranteed-issue right available to you. Anyone over the age of 65 and has Medicare Part A & Part B can buy a Medigap plan. If you're under 65, you can still purchase a Medigap plan if you're on Medicare for disability or ESRD, but the cost will be very high. Medigap plans are designed to be purchased by individuals age 65 and up. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage, quotes, and comparisons of plans and if you have any other questions. Thanks very much.
That is a great question! The landlord needs to provide a safe environment for the tenants, and carries insurance on the property. To help protect the property manager/complex from a higher liability, your renters policy helps take some of that liability off of their shoulders. If you damage the apartment, or someone is injured in your apartment, your policy covers some or all of that claim, and not the landlords. Thanks for asking!
No, life insurance is not taxed when paid out, in most cases. There are some exceptions, such as when the beneficiary is the estate; then the life insurance benefit will be subjected to the same taxes as the rest of the estate. If eligible by virtue of amount, life insurance be subject to estate tax. By and large, however, life insurance is not taxed when paid out, making it a very favorable gift to those who receive it.
Medicare is a fee for service program. A doctor or hospital can agree to accept Medicare patients and thus contract with Medicare to accept the rules and conditions imposed by Medicare, or they can opt out of the Medicare program, in which case a medicare patient would be responsible for payment if they go to that doctor or the doctor can simply refuse Medicare patients. The same is true for hospitals or other facilities.
I don't recommend using the builder to purchase the builders risk policy on a renovation project. You need coverage on the existing structure and most builders would not be covering anything but the renovation amount. They would only be covering the amount of the renovation. Purchasing the policy yourself puts you in control of the policy and allows you to make sure that you are adequately covered. In looking at David's response, I am in agreement that you should be named as additional insured on the contractors general liability policy and also get a certificate for their workers compensation.
That is a great question! A ten year term policy is one that provides you with the specified amount of coverage for the ten years as defined in your policy. On the day your policy expires, you have no more coverage, and no cash value or benefit to take from it. You can renew your policy, but it will dramatically increase in price. Typically a policy like this is to insure against a short term loss, like covering a college career, or a mortgage, or to provide a cheaper form of life insurance when money is tight. If you would like more details, please feel free to contact me, okay? Thanks for asking!
The cost of renters insurance from Nationwide will depend on several factors including the value of your items kept in the apartment or house, the location of the building, the age of the building, and your heating source within the building. Based on the variability of all these items, it's nearly impossible to answer this questions without more information about these items.
You can recieve Medicare benefits when you turn 65 and meet the qualifications. Certain people under 65 qualify when they are disabled and receiving Social Security benefits for 24 months. People with End Stage Renal Disease, You can receive Medicare benefits under the age of 65 if you are diagnosed with Amyotrophic Lateral Sclerosis.
You can go the Social Security website at SSA.gov/medicare/ or you can visit your local Social Security office. Keep in mind that Medicare Part A & B only covers about 80% of the cost of care and the remaining 20% that you would pay does not have a limit. A lot of people get a Medicare Supplement (Medigap) to cover what Part A & B does not. With the right plan you would have very little out of pocket expenses for care.
That is an excellent question! The answer is that it depends upon what you want the insurance to do for you. If it is just to cover funeral expenses, then typically a smaller, $10-20,000 policy should be fine. If you are trying to cover mortgage, college, or other major debt that would be left to your spouse, then you want at least that much. If it is to provide a legacy for your children, then however much you'd like to bless them with is the amount needed. If it is to provide your spouse with the income lost when you pass, then you will want to do some math, and decide upon how many years' salary to choose. If you need help, please contact me, okay? I'd be happy to help. Thanks for asking!
Medicare Part A is your hospital coverage. You have a per benefit period (per admission) deductible of $1184 (2013) before Medicare pays their portion. Medicare Part B is your doctor and outpatient coverage. Part B has an annual deductible of $147 (2013) and then Medicare pays 80% of the approved amount, you are responsible for the balance.
Where you live can and does effect your auto insurance rates. Insurance companies base rates on experience in any given area. These would include but not limited to characteristics of drivers, types of vehicles and claims based on frequency and severity. Actuaries then determine rates according to any given area or areas. There are many misconceptions by consumers as to which area has a better rate vs. another. For example some may believe a city would have a higher rate vs. a rural area. However the fact may be that while a city has more frequency of accidents a rural area may have much more severe accidents due to road conditions and so on. While this is only an example this should give you an idea of how rating works.
The price of Globe Life Insurance depends on the type of policy you purchase, your age, gender, and other factors. So it is impossible to state a dollar amount for Globe Life Insurance. While the company offers some good rates, their choices for coverage are not too extensive. So you may want to contact Globe to see what rate you can get, then compare it with other companies using the quote engines provided on many websites.
No, your carrier cannot change your policy when they want to. The policy is a contract that states you receive coverage in exchange for the payment of premiums. The policy can lapse and subsequently be terminated by the carrier if you don't pay your premiums (when the policy lapses, no coverage is provided) or if you falsify information on your application.
Fixed and indexed annuities in Tennessee can be sold by agents licensed in life insurance. Some life insurance agencies specialize in annuities, so call ahead to make sure you are getting choices from a number of carriers, and that you get sound advice. Agents who sell variable annuities must also be licensed in securities.
Aflac offers short term disability insurance through employer sponsored plans, only. Aflac does not sell individual short term disability plans to individuals. Their short term disability plans must be paid for by worksite premium payroll deduction. There are only a couple of companies that offer individual short term disability insurance. Many more offer individual long term care disability insurance.
Loss of Use for both Renters and Homeowners Insurance pays for any additional expenses incurred if you are forced to leave your home or apartment while repairs are being made. For example, you have to pay additional housing costs because of staying in a motel, you have to eat out more because you have no place to cook your food, you have to store your salvagable furniture in a storage facility. These type of things would be included under Loss of Use.
Examples of who might be covered by life insurance include: children, your spouse, yourself, grandparents, Key employees, business owners, funding a trust (Estate Planning). You do have to have an insurable interest as mentioned meaning you have a covered interest in the person you are wanting to get covered. You would not be able to cover your neighbor for example or strangers down the street.
A urinalysis costs approximately $35-$60, depending where you live and what facility is used to conduct the test. Typically, it is part of a routine examination or annual physical. Many items are checked with this type of testincludingyour liver and glucose. If you have existing medical coverage and the test is considered preventive, the insurer may pay for the entire cost.
Not sure where you live, but here in CT, Insurance Policies need to be issued in the name (s) of the registered owners of a vehicle. Therefore, if one or both of your parents own the car, the policy would be issued in their name (s) and you would be listed on the policy as a rated driver of that car. If however, you are theregistered owner of the car, then the policy needs to be issued in your name.
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.
As long as you have physical damage coverage on you vehicle, the damages caused by hitting a deer should be covered (subject to your deductible.) It is normally filed under the Comprehensive (or Other Than Collision) coverage. Although you collided with a deer (or any other wild animal like pigs or hogs) it should NOT becharged against your insurance premiums.
If the person who passed away was the one with the debt, creditors generally cannot take the life insurance proceeds left as long as the beneficiary was a person. The money then belongs to that beneficiary, and as long as creditors do not have a claim against the beneficiary, they cannot take life insurance proceeds from them.
Assigned risk in California which is what I amfamiliarwith is a processing center by which people having trouble buying auto insurance are connected with an insurance company that will insure them. Assigned Risk is not an insurance company but are companies that are required by law to participate. The amount of autos an insurance company has on the road would constitute the percentage of their obligation to the plan. There is financial hardship criteria to qualify for Assigned Risk. Also agents who offer Assigned Risk must becertifiedto offer this coverage. You can go online and then beconnectedto an agent to see if you qualify for assigned risk.
As an example, under ERISA (Employees Retirement Income Security Account) of 1974, employers can sponsored defined benefit and/or contributions. They usually outsource the money management to a third parties. Some employer sponsors also match some portion of the employee's annual contribution. They're also responsible for the compliance under qualified plan regulations.
Yes, you can get life insurance with hypertension. If your life insurance is well controlled with one medication, you can be rated as good as Preferred or even the class higher than that, if your other health details and build fit that. If you are on more than two medications, if your hypertension has been uncontrolled recently, and/or if you have some other health conditions connected to your hypertension, you may be rated up or need to take a simplified issue policy. A good impaired risk life insurance agent can shop the best companies for your hypertension details, because different company rates differently.
There are many long-term care insurance companies that have affordable rates and top-notch coverage. Some of them include John Hancock, Genworth and Mass Mutual. Since rates and benefits can vary, it is always best to work with an experiernced full-timebroker or financial planner that cab shop the best carriers and discuss the suitability of plans and how they will meet your goals.