imsumit18/insurance_training_data huggingface dataset:
Unless you have an equipment breakdown endorsement or policy with your homeowners coverage your central air unit will not typically be covered. 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.
A lot depends on the area you live in. Generally, unless you are somewhere like California, earthquake coverage is inexpensive and its not a bad idea to add it if it is not already included. Some companies may require it. Ohio where I live for example, is not know for it's earthquakes however we have had a few relatively minor ones that has caused damage. Unless you are in an area where there is no chance of an earthquake I would recommend it.
Medigap plans do not provide coverage for routine eye exams and eye glasses. In short, you will need to secure coverage under a separate vision insurance plan to to cover routine services. Medicare Part B can provide coverage for some preventive and diagnostic eye exams for people at high-risk of certain conditions (e.g. diagnosing retinopathy in diabetics or mascular degeneration for age-related conditions). In combination with a Medigap plan, these exams can be covered at 100% (Medicare Part B - 80%, Medigap - the remaining 20%). You can check out the medicare.gov website for more specific information regarding condition/risk requirements for Medicare to pay benefits.
If you are going through a Medicaid spend down, the nursing home can take the cash value in your life insurance policy down to an amount that will leave you with the allowable amount of assets. You have the right to purchase a final expense policy or a burial policy, so it may be possible that your life insurance policy can be designated as this permitted final expense policy.
Original Medicare does not pay for dental work that is part of routine care of the teeth, such as exam, cleanings, fluoride treatments, or fillings. It also will not pay for dentures. Some Medicare Supplement plans will cover some dental work. Medicare will cover oral work that done to protect or treat the patient's general health, or to prepare the patient for surgery, radiation, etc that will be performed for a health condition. It will also cover jaw surgery for a broken jaw, or follow up to an infection after an extraction. If the dental patient has a life threatening condition, Medicare may pay for the cost of hospitalization but not the dental work itself.
Rental car coverage is optional and must be added on. You must have comprehensive coverage in order to have the option of adding rental car coverage to your policy. It will cover your cost of a rental car if your vehicle is in the shop getting repaired because of an accident.
Here is the thing. Insurance claim settlements are intended to pay for the repair of damage caused by a covered loss under the provisions of a policy contract, in this case an car insurance policy. If one receives a settlement and then chooses, for whatever reason not to repair the damage, I have not seen a case where an insurance company is going to be looking for it's money back. Keep in mind acouple of things, however. If you have a lien or lease on your car, the check will be made payable to BOTH you and the financial institution and they will need to have the car repaired as a condition of your agreement with them. Also, if you happen to have another incident that further damages the same car parts that were damaged previously, the claims professional will be able to tell the older damage from the more recent and will NOT include an amount needed to repair both.
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.
Full coverage is always a dangerous term. Most people consider full coverage as having comprehensive a collision coverage's on their vehicle. However this would leave out medical, rental reimbursement, towing and possible more options. With that said the coverage is not actually full. With this question being a blanket question it is actually impossible to answer without a series of questions being asked first such as location, age of operator, marital status, driving history and driving record not to mention type of car. I highly suggest you contact a local agent who can quote you multiple companies to find you the best coverage's and rates to fit your needs.
Medigap is a Medicare supplement that can help pay some of the health care costs that original Medicare doesn't cover, like copayments, coinsurance, and deductibles. It also covers medical care for some travel outside the US. If you have an Medicare Advantage Plan, you would not want to get Medigap.
It is hard to answer specifically, but safe to say that a 17 year old wil pay more than a 37 year old insuring the same bike, the same way with the same driving history. Similar to car insurance, a younger, less experienced bikler will gelerally pay more than an older more experienced one.
There are two parts to this answer because there are two coverages in a tenants policy. Animals are normally not covered as personal property. If your pet dies in a house fire, there probably isnt any recovery. However, if your animal hurts someone other than a household member, there might be coverage if you are legally liable to pay damages. However, you should carefully check your policy as many exclude various breeds of animals and many also limit the amount of liability coverage in the event of an animal related incident.
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.
Social Security Disability Insurance pays a monthly benefit to people who cannot work due to a disability. The benefit is paid in cash to the recipient to use as they wish; it is not paid to an institution or entity. An injury or illness that causes the person to be unable to work is covered.
This is a great question. The only time I have seen someone's Medicare terminate is when they stopped paying the bill. Normally part A is at no cost and there is a cost for part B. For most, part B is taken directly from the social security check, but sometimes there is no social security check and Medicare sends a bill. So the short answer is Yes.
Auto insurance rates vary per state and per company because they all have their own underwriting guidelines and rules. However, if you want to make sure that you are getting the best rate you need to NEVER have a lapse in coverage, keep your credit score up, have zero tickets, zero accidents, and always carry $100,000/$300,000 or higher liability limits.
Yes, if you bring home a paycheck, you need disability insurance in South Carolina. The State of South Carolina does not offer state disability insurance or require that employers offer it. So if you are not getting a group policy through your place of work, it is important to purchase individual disability insurance.
The automobile insurance policy has a start date and expiry date. Claims arising from the operation of the vehicle between those two dates and times are covered. Occasionally a company will reinstate a policy that has passed beyond the expiry date. To do so they will almost always require a statement that there werent any potential claims during the period from the expiry date and the date of reinstatement. In those cases the policy will often be back dated to provide continuous protection. This is important when there is a loss payee, such as a bank, that has the authority to order coverage for the vehicle.
An entrepreneur is often self-employed and carries private health insurance coverage. Typically, they have an HSA or high-deductible plan, although it is not required. An experienced broker can easily assist an entrepreneur with purchasing affordable health care. We know and understand the mostimportantneeds and how to shop for the best plan. If there are family members involves, a comprehensive plan may be the most appropriate.
The best type of health insurance really depends on your circumstances. For example, generally healthy individuals with additional cash on hand are often best suited by High Deductible Health Insurance Plans as they can cover the high deductible if in the rare chance they should require considerable health care. The deductible acts as a stop loss against their total risk of expense exposure. Individuals with less cash on hand, and or those with medical conditions that require more frequent trips to the doctor are generally better suited by Managed Health Care systems like Heath Maintenance Organizations or Preferred Provider Organizations with low deductibles and/or co-pays.
There was a merger back in 2007 into Valley Forge Life. Their information is Valley Forge Life Insurance Company 100 CNA Drive Nashville, TN 37214 (800) 437-8854 I would give them a try. Hope this helps
The death rate is 100%. The question then is, when will it occur? Term insurance will provide coverage for a limited period to time. Whole life insurance will provide the same coverage for the lifetime of the insured. Unless you die within the period of coverage of the term policy, the whole life policy will always be a superior buy. Unlike the term policy, the whole life policy premium remains constant and the policy develops cash values that can be used for other purposes. The whole life policy doesnt increase in cost just at the time that you need it.
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.
Debt collectors can go after life insurance if the insurance proceeds go to the estate of the insured. If the insured person passes away with debts and their beneficiary is their estate, debt collectors can try to get their life insurance. If the insured person passes away with debts but leaves the life insurance proceeds to a person, debt collectors cannot go after life insurance from that person. The only way they can go after life insurance proceeds from the beneficiary is if the beneficiary was a co-signer to the debt.
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.
Can you get life insurance if you are ill? That is a very good question. We tend to think of those who have serious diseases as most unlikely to get life insurance. But in reality, those who are undergoing testing for an (as yet) undiagnosed illness, those who are in the beginning stages of treatment for a newly diagnosed illness, or those who are awaiting surgery or treatment, are likely to be postponed until their illness is diagnosed or showing stable control. Once the health condition has been under control for a while, they will have a much easier time finding a life insurance policy that will cover them. The length of time that stability must be shown depends on the illness. For blood pressure or diabetes, 3 to 6 months of control is sufficient with some companies. For MS, most companies like to see at least a year of stability, although coverage can be obtained shortly after diagnosis. Cancer is usually postponed until a year of remission or more. Many people first consider applying for life insurance when they become ill. Contact a good impaired risk agency with lots of choices to find something you can get now and/or for the future.
Liberty Mutual offers life insurance issued by Liberty Life Assurance Company of Boston, MA. The type of life insurance products that are offered by Liberty Life are Term Life, Whole Life and Universal Life. To compare the price of life insurance from Liberty Life with the price of life insurance offered by other companies, call an agency that carriers several products or find a website on the internet that will compare rates for you.
Being a broker, I'd say the best way to buy Medicare is by using a broker. Actually, you'll get Part A & B from the government. But drug coverage as well as supplemental coverage is purchased separately. I suggest using a broker to purchase any type of insurance for this reason. Insurance is quite involved - and there are a lot of moving parts. You can learn 100% about Medicare, but probably only 2% relates to you. The other 98% is exceptions or situations that don't relate to you. A broker will ask you a few questions so you only have to deal with the 2% that relates to you.
If you have to choose between buying short or long term disability insurance, most people select long term disability insurance. That is because most people can survive a few months of not having an income, but it is difficult for most people to go without their paycheck for many months or years. If you are trying to decide whether to buy any disability insurance at all, it depends on your income (whether your family depends on it), your health and occupation (whether you qualify for a policy), and the cost of the policy (whether you can afford it). If you are living on minimum wage, buying long term disability insurance is not going to fit in your budget. If you are the breadwinner in your family, don't have a large amount of savings, and have a moderate to good standard of living, it is almost essential to do long term disability insurance.
Secure Horizons is a senior market insurance carrier. They offier Medicare advantage AND medicare supplements so you can choose what suits you best. You should know Medicare ranks carriers and plans by a star system. Using this tool lets you know if beneficiaries and medical professionals like the plan. 5 stars if best, (never seen one). Don't be afraid if a three star plan. three and a half is better I recommend you find a Medicare adviser in your town and let them work with you at no charge to you. I hope this response has been helpful
How to check medicare eligibility for providers. The first thing you need is medicare part a & part b. If you have that than you have a choice to stay with original medicare or you can choose a medicare advantage plan. You can choose any provider you want to with part a & b, however the most important thing you want to look out for when choosing a plan is if your doctor and hospital is in the network. Than you want to look at if your medication is covered.
That is a great question! The answer is yes, unless the answer on the application about drinking was falsified, (generally along the lines of "have been told they have, been treated for, or prescribed medication for alcohol abuse/dependency or addiction?", or "been asked to reduce the intake of or discontinue use of drugs or alcohol?") or the death occurred as a result of a crime committed while under the influence. Many policies will not pay if the death occurs because of criminal activity, and drunk driving would fall under that category. If the death occurs from long term chronic abuse, the policy should pay, but I'd have your agent confirm that for you. Thanks for asking!
Medicare covers items that are considered medically necessary. This includes diagnosis and treatment of medical conditions caused by accident or illness. Medicare will also cover some DME (durable medical equipment) if prescribed by a doctor as part of your treatment plan. Services such as Life Alert are not considered medically necessary.
If the health insurance plan is a part of a labor negotiation, terminating the plan would violate the bargaining agreement. It is possible that the employer has the right to change insurance companies. If it is a plan provided by the employer all rights to discontinue the coverage would be with the employer. When a plan is discontinued COBRA benefits will normally be available for those losing coverage.
You can disenroll from your Medicare Advantage Plan and switch back to Original Medicare from January 1 thru February 14 of each year. You will need to get a Medicare Supplement and Prescription Drug Plan. If you have serious health conditions you may not be qualify for a Medicare Supplement. Depending on the pre-existing condition you could be denied coverage or have to pay a much higher premium because of the pre-existing condition. It would be very important to talk with a qualified agent before you make your decision to disenroll from your Medicare Advantage Plan.
Just because you are a high risk driver doesn't mean you can't find auto insurance. As long as you have a valid driver's license and are willing to pay the required premium you should be able to find coverage. Call a local agent to find out more about coverage availability and pricing.
Deferred annuities are annuities that do not provide immediate income. One places money into these annuities by paying a premium and the that premium becomes cash surrender value in the annuity. The cash value then accumulates at an interest rate specified within the contract. The contract owner will have the option to turn the cash into a guaranteed income stream at a later date, or surrender the annuity for it's accumulated cash value.
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.
Pretax contributions to an employers sponsored defined contribution plan like a 401(k) is an excellent retirement funding option, especially if your employer matches any portion of your contribution, which may include the additional contribution for those over age 50. But if you have more discretionary income you could contribute to a Roth IRA. If your spouse doesn't have a retirement plan at work, an IRA or Roth IRA may also be available for contributions. The issue is the phase out rules on contribution deductions.
It depends upon whether you are asking about an individual or a group health insurance contract. If you have an individual health insurance policy with an insurance company the contract is directly between you and the insurance carrier. If the coverage is through an employer group then the contract is between the employer and the insurance company, the covered employee does not have a direct contract with the insurance company and has a certificate of coverage outlining the coverage they have through their employer's contract but the employee themselves are not the contract holders.
That is a great question! Unfortunately, they probably are. The price for homeowners depends in part upon the cost of building and repairing homes near you, so as construction costs rise, so do premiums. The price can also rise if a number of claims have been filed near you, and if the company is trying to recapture lost profits. Your best bet is to contact a local agent who can help you compare prices, and see if there is one that might be more affordable. You can always gamble and raise your deductible also. Thank you for asking!
The cost of life insurance for seniors is much higher than for persons in their 20's and 30's, because the mortality rates for seniors are much higher than for young adults. However, if you are a senior person in good health, or with a very well controlled health condition, there are companies that will cater to you. E.g. Getting type 2 diabetes at age 70 could enable you to still get Preferred rates with a few companies, whereas that would not be likely if you got type 2 diabetes at age 20. If you are a senior in good health and you want more coverage than just for your funeral, it can be worth it to use a medically underwritten policy. But be prepared to have an EKG, answer simple questions to test memory (e.g. who is the president of the US), and have all your medical records reviewed. Using an agency that specializes in senior life insurance can help you jump all the hurdles to get your best rate. For small, no exam final expense policies, the rates for seniors will depend a lot on your age and whether you are male or female. You can expect to pay from $50/mo to $200/mo for a burial policy, on average.
There's many factors that go into the premiums for life insurance to say what a policy costs - it will be different for every person as we each have our own specific needs. The premium for a policy will depend on the insured's age, amount of coverage they want, how long they want the coverage for (in this case, 20 year term insurance), their riskclassification (determined by your medical history), and whether they'reapplying with full underwriting or non-medical term coverage. The risk classification is the MOST critical factor in determining the cost (premium) of a life insurance policy. The risk class depends ona 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 mortality tables, and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred (featuring lower rates) and company B may only offer standard (featuring higher rates). Non-medical term life insurance policies will almost always cost much more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you. Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget. Please feel free to contact me for help or if you have any other questions. Thanks very much.
Medicare Supplemental Plan F covers 100% of what Medicare doesn't cover. Keep in mind, when you have Supplemental (AKA Medigap) Plans, Medicare is your primary insurance provider. For medically necessary procedures, Medicare Parts A (Hospital) and B (Doctors) provides good coverage, but still leaves folks on Medicare with a lot of out of pocket exposure. The Plan F pays for everything that Medicare doesn't pay. However, if Medicare determines that the medical procedure you received wasn't medically necessary, they won't pay anything nor will the Supplement Plan (regardless of who you get your supplemental plan with).
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.
Typically disability insurance benefits are equal to a maximum of 60% of the insured's income. The maximum one can buy then is based on the annual income of the individual. If you can live comfortably on a lesser amount than 60% of what you earn, then you may consider buying a policy that would pay less than 60% of your earned income.