imsumit18/insurance_training_data huggingface dataset:
No it is not a legal requirement. Many lenders however will require mortgage life insurance to protect themselves. Also, there have been cases where a judge has required a divorced spouse to carry life insurance to cover a mortgage or protect minor children although these cases would depend on the situation. As a general rule however, you are not legally required to carry mortgage insurance.
Medicare has two options: 1. origninal medicare & 2. Medicare advantage. Original medicare is administered by the same beaurcrats that Obama has used to trash the health care system whereas Medicare Advantage is administered by PRIVATE insurance companies. Medicare Advantage has proven to be the most cost effective system of rendering medicare services because the insurance companies know what is appropriate and what is not appropriate. Medicare on the other hand continues to be riddled with Waste, Fraud, & Abuse-which can be summaraized by spelling P O L I T IC I A N S always looking for an opportunity to buy votes. As a matter of fact one of the L I E S CMS(Center for Medicare & Medicaid Services) has put in the Medicare Advantage booklets is "every Medicare Advantage plan has to be the equivalent of "original Medicare". Really? I will promise you original medicare covers 80% of LAB work, especially when it is done for annual physical. Yet, when a particular Medicare Advantage Plan refused to pay my lab charges it was an exercise in futility to get CMS to correct the problem. The Bureaucrats created two classes of sales people when Medicare Advantage was created and adminstered by the wonderful beaucrats- one class that is completely unregulated when they sell Medicare Supplement and the sales person that sells Medicare Advantage is CONTROLLED by the beaurcrats and this last year when I completed the REQUIRED CERTIFICATION it took me 24 hous just to complete the certification. Compare that to the fact I read and took the test and passed the test to sell Obummer Care in less than three hours. Controlling Health Insurance is all about CONTROLLING YOU-THE CONSUMER. Did you realize Medicare is controlled by a UNION IN wASHINGTON D. C. If you want effective health insurance you will identify the members of the unions and you will vote for politicians that will put the unions out of business.
You certainly can surrender a policy for its cash value, but then you have no life insurance. It would be much better for most folks to just borrow money from their policy and either pay it back or not. With a surrender, you will have to pay tax, but with a loan you will not, even if you do not pay it back, and you would still have a smaller but existing life insurance policy. Pay it back later and the death benefit returns automatically to the full amount! Call me, Gary Lane, Agent, New York Life, 949 797 2424. Thanks.
Coverage F Medical Payments is coverage that will pay the necessary medical expenses that are incurred or medically ascertained within three years from the date of an accident causing "bodily injury". Coverage applies to accidents that incur on the insured premises (the home) or as the result of an action by the insured at any location. For example, you leave your suitcase in the hallway of a hotel and someone trips over it. The basic limit is $1,000, but higher limits are available and they are very inexpensive. The purpose of this coverage is twofold. First, paying doctor and hospital bills promptly for accidents the insured may have caused could minimize the likelihood of troublesome litigation. Second, submitting the bills helps insurance companies identify accidents early and therefore gives the insurance company time to investigate the circumstances and prepare a defense if necessary. Medical Payments Coverage is not intended to provide accident insurance for the insureds family. Accordingly, the named insured and family are excluded from coverage. I hope I've answered your question. If not, feel free to call, fax or email me. Kevin P. Foley, CPA, CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley[at]kpfoley[dot]com W www[dot]kpfoley[dot]com
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.
Sure you can. But there may be coverage issues for you and/or your parents. If you live with your folks and the insurance company does not know you are a household driver, they could deny coverage to you and/or your parents for that omission if there is a claim. If you do not live with them, most insurance companies will cover you as a permissive driver. But the operative word there is "most." This is a good question we often get from out clients BEFORE the situation occurs to avoid any potential problem. I suggest your call yours or your folks' insurance professional for clarification.
There's many factors that go into the premium calculations for life insurance to say what coverage will cost for a 60 year old - it will be different for every person due to a number of factors including their age, amount of coverage they want, how long they want the coverage for, their risk classifcation, and whether they're applying with full underwriting or non-medical term coverage. At age 60, you'll have term life insurance options for 10, 15, 20, or 25 years - 30 years term insurance would not be available due to age - you would need to look at permanent programs to secure coverage longer than 25 years. If you want to consider coverage beyond 25 years, I would suggest looking at a Guaranteed Universal Life insurance policy (GUL). If you're looking for something in the $100,000, 10yr term insurance range, you could be looking at premiums as low as $28 per month (at preferred plus risk class) to over $100+ per month (if you're table-rated), it ultimately depends on the risk classification you qualify for. $250,000, 15 yr term can be as low as $82 per month or over $154 per month at standard risk class. So on and so forth. However, any numbers I quote without more details regarding your medical history will be useless. The risk classification is the MOST critical factor in determining the cost (premium) of a life insurance policy. The risk class depends on a number of factors including whether you're male or female, your medical history, prescriptions you take, your height/weight profile, any tobacco usage, family medical history, and other factors. Please keep in mind - every carrier has different underwriting guidelines, 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). You should always consult with an experienced life insurance broker before applying for ANY coverage. Brokers can shop the case for you among a number of insurance companies to see which one will work best for your program and help you structure a policy that will best serve your needs and your budget. I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.
If you or one of the the other drivers in your household that is listed on your policy fall outside of your current auto carrier's guidelines or fraudulant information has been provided to the carrier they would more than likely drop your coverage with typically at least 15 day notice or non-renew your policy at the end of its term.
There are numerous reasons to be declined for life insurance. Think of it in terms of gambling. You are placing a small bet, monthly premium, in order to make sure your loved ones have enough money to live at their current means, which is a large payoff at your death. Therefore an underwriter will look at all of the factors to determine your risk of dying within a specified period of time. They look at age, build, medical history, health, lifestyle, residence, occupation, etc. to determine that risk. If they feel any of these factors are too risky you will be declined for life insurance.
Unless a service person gets Veterans Group Life Insurance (VGLI) within a year from separating from the service, their Servicemembers Group Life Insurance (SGLI) will end and they will need to get a private policy. Contact an agency or website that carries several products to choose from to find the best rate for Veteran's life insurance.
The North Dakota Insurance Department regulates life insurance in the state of North Dakota, through the State Insurance Code of North Dakota. They regulate free look periods, claim processing, etc. Here is a helpful website to read a summary of some of the things that are regulated by the North Dakota life insurance code. WEBSITELINK
what will void a life insurance policy ? Basically any deciet given during the application process will void a policy if found out within the first two policy years. After that, in most cases contestability by an insurance carrier has ended. Except some states have modified contestibility laws sometimes in the insurance company's favor. In my state, concerning lying about smoking on the application, there is no limit for an insurance company to contest. The state considers the policy null and void. Other states may have something similar.
Yes, life insurance premiums are a lot lower at younger ages when the risk of death is lower. The longer one waits to buy life insurance, the more the premium will be. In a level premium, permanent policy, you are locking in a lower rates for life by buying early.
The 401(k) is governed by a document drawn for the employer. Most plans offer a variety of distributions when you terminate, but they are not required to do so. Exercising these options can be quite important. Generally you would want to maintain the character of the funds. If they are tax deferred funds you would want them rolled into a standard IRA. If your income tax is going to be low you can consider rolling it into a Roth IRA and pay the tax for the withdrawal as though it were ordinary income, which is often an alternative.
If the purpose of the rhinoplasty is cosmetic, Medicare will not pay for this surgery. Medicare may pay for rhinoplasty for one or more of the following conditions: to improve breathing, to repair defects in the nose caused by trauma, to treat congenital anatomical abnormalities when function of the nose is affected, to repair nasal tissue after removal of a tumor when function is affected, to treat sleep apnea or other conditions that interfere with breathing when other treatments do not work, or to reconstruct the nose in case of severe deformity.
The world's biggest life insurance company, measured by assets, is Japan Post Insurance Company, Inc, according to WEBSITELINK The next largest is AXA S. A. (France), then Allianz (Germany). The largest insurance carrier in the United States is MetLife per this chart. Assets were measured 3/2011.
Actually, though the local police might prepare an accident report for you, in many cases, because the incident occured on private property, it is more likely that they would take no action at all. Therefore, if it is possible, it becomes more important to exchange information with the other party involved. I would also recommend that neither car be moved and that you take photos for your records and that of your Insurance Company to help in the processing of the claim.
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
Car insurance can start very quickly. Typically, when you apply for coverage, you provide information regarding yourself and the vehicle that you will be driving. Other family member driving information may need to be provided. An underwriter quickly reviews the information and it's not unusual to be approved the same day...and sometimes, almost immediately.
You have to establish product suitability before deciding on any product, much less an annuity, which should be purchased as an ultimate income product. Product suitability is based on your personal financial profile, risk tolerance and economic goals. Those three areas comprise the fundamental approach to selecting the right annuity. Annuities use differing crediting methods such as interest rates, indices (both domestic and foreign) and separate sub accounts that use equities and bond allocations.
Most health insurance plans will cover the cost of an IUD. As part of Obamacare, covered participants are supposed to provide contraceptives at no out of pocket costs to the individual. Covered contraceptives generally include birth control pills, the birth control patch (such as Ortho Evra), a diaphragm, contraceptive gel and an IUD.
Just to flesh out the above answer a bit more: your deductible can range from 0$ to $1000, typically. The higher your deductible is the lower your monthly premium payments will be. While lowering your monthly payments by increasing your deductible is a popular cost saving method, it
You can think of "good" in terms of life insurance as a product issued by a solid company at the lowest price possible. The reputation and financial soundness of the company has been discussed above. As to price, you can pay up to 50% less on the same amount and term of insurance from one A-rated insurer to another. What this means is that to get good value on your life insurance, you should comparison shop. Many life insurance websites offer a quoting feature that compares policies available from insurers (from few to dozens of insurers). Obviously, the more choices, the better odds that you will get the lowest price on the insurance you are looking for.
The purpose of whole life insurance is to provide guarantees. You know what? It does a very good job at this. Guarantees are a godsend in a financial world in which cycles and ups and downs and cost increases are the norm. Its nice to have a product you can truly count on. These guarantees come in three delicious flavors: Flavor number one: a guaranteed premium. As you get older, your price stays the same. As it costs more for the company to insure you, your price stays the same. If the company has a bad investment year, or two, or three, your price stays the same. Thats good. But theres more. Flavor number two: a guaranteed death benefit. You see all those variables mentioned in number one above that could affect your price but dont? They could also affect your death benefit. But they dont. Neither your age, nor their increasing cost, nor their poor investment performance can reduce the benefit you were leaving to your heirs. That is really good. But we have one last delicious flavor: Flavor number three: a guaranteed cash accumulation. Do yourself a favor and compare the guaranteed growth of cash inside a good whole life contract with other so-called guaranteed investments out there. You will notice that whole life basically beats the pants off the competition in this regard. Of course, you always have to be wise about taking money out of life insurance, and make sure you dont reduce your death benefit to an undesirable amount. But given that, whole life can make a real valuable contribution to the conservative portion of your financial portfolio.
Most insurance companies will have internal limits of $1000 for property coverage of firearms. If you are speaking about "accidental discharge" of a firearm that causes damage to something or someone I would need you to refer to your specific policy. In NY some companies will specifically exclude bodily injury from a firearm. Hope this answer helps.
Geico offers Term Life Insurance through non-affiliated insurance companies. In other words, the life insurance is not underwritten by Geico; Geico just helps you get it by referring you to a brokerage that carries quotes from multiple life insurance companies. The agency they refer you to is not owned by Geico.
To get any type of Home Health Care from Medicare requires the need for skilled care such as occupational, speech or physical therapy for a very limited amount of time generally after a hospital stay of at least 3 days not counting day of discharge. Medicare does not pay for custodial care Custodial care is assistance with bathing, cleaning the home, assistance with meals and other activities of daily living.
In finance, an annuity cash flows are any cash flow that you receive on a consistent basis during a certain period of time. The period of time can be time dependent (i.e. 20 years) or event dependent (the life of an individual).
Certainly if it is your retirement plan you can cash out. However, there are many things to consider. If you are younger than 59.5 years old you will incur income taxes and a 10% penalty plus the fees associated from companies and advisors who will charge withdrawal fees and surrender charges. It is not advised just to "cash out" a retirement plan at any age. I highly recommend finding a trusted advisor to walk you through this process.
Bank Owned Life Insurance or BOLI is a form of Key Man life insurance. It is implemented and owned by the financial institution that it protects. BOLI policies are written on the lives of employees and the beneficiary is the financial institution, which also pays the premiums. Only financial institutions such as banks, brokerage firms, mortgage lenders, credit unions etc, offer bank-owned life insurance.
You can get up to a total of 80% of your income through a combination of private Disability Insurance and Social Security Disability benefits. If the amount that you are due exceeds 80%, part of the Social Security benefit will be subtracted from the private Disability benefit, or part of the private Disability benefit will be subtracted from the Social Security Disability benefit, so that the total you receive is 80% of your original wages.
This is the amount your home itself is covered for. Generally you must be insured for at least 80% of the replacement cost of your home. This is determined by calculations that insurance companies use based upon construction costs in your area. Most companies require you to be insured for 100% of replacement cost. This allows the company to completely rebuild your home in the event of a total loss.
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.
Yes, in most cases. Rates for married vs single are different amoungst most companies. How it will affect your rates is unpredictible because it depends on whether or not you were residing in the same household over the last year for starters. In Wisconsin at least if you reside in the same household you must be listed on each others policies if separate insurance is carried. To know exactly how getting married would affect your rates, I would suggest contacting your local agent to discuss it with them.
Generally a self employed person is able to deduct health insurance if he or she pays the premium. There are other circumstances where health insurance can be deductible, such as a person paying there own premium and is able to file long form itemizing deductions. Tax laws change so be sure to check with your tax adviser.
Only you can decide if you need a Medigap plan. Original Medicare will only cover about 80% of your approved Medicare Part A and Part B claims. Deductibles, copay's and coinsurance can leave you owing several thousand dollars in out of pocket expenses. Medigap plans can protect you from having to pay thousands of dollars in out of pocket expenses should you become seriously ill or have a major accident. #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes
The term life insurance market is extremely competitive. Independent life insurance agents with brokerage access should be able to spreadsheet the top companies ranked by premium in each specific health category. Keep in mind that if you under age 50, you can secure up to 30 years of coverage. A 25 year old male nonsmoker seeking ten year term life coverage for $100,000, the premium is less than $100 a year.
AAA is an A rated insurance provider and offers a good homeowners policy. I always recommend when shopping for homeowners insurance that you do your research and check several companies as there are different policy types with coverage's and exclusions that you will want to look at. An independent insurance agent is an excellent resource who can help you navigate through all the details of policy offerings.
If you are insuring a vehicle for your business you can write the business auto policy and list your employee or employees as a drivers. You have the ability to exclude yourself from the policy. But keep in mind, this would mean you can not drive the vehicle at anytime as you yourself would then be un-insured.
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.
Auto insurance follows the car not the driver or occupant. If your child is unlicensed and operating the car, the provisions of the policy would remain in effect. If your child is an occupant in the car and is hurt in an accident for which the driver of your car is at fault, there can be limited coverage for his medical care. If the driver of the other car is determined to be at fault your childs medical cost will ultimately be paid by the other driver. If your child is struck by a motor vehicle while a pedestrian there can be limited medical coverage.
Typically, life insurance proceeds are not taxable. They pass on to the beneficiary tax-free and can be deposited into a pre-approved or pre-discussed account. Based on my 32 years of experience handling too many claims, the period of time is about 10-30 days for the check to arrive. In some circumstances, there could be estate taxes. Also, depending on the type of policy and how premiums were paid, there could be a taxable event. A full-time broker or financial planner is your best resource.
The short answer to what is covered by long term disability insurance is a percentage of your income. This benefit money can be used for anything you choose. Typically it is used to cover your daily living expenses while out of work, but can be used for items not covered by your health insurance such as a wheel chair ramp.
Yes, we can help you however I will need to get more information. First, what state are you located in? I have to be sure what products are available to you. Second, I would like to find out why you are not happy so we can make sure we can provide you the service you require. Feel free to reach me at matt@pegasusii.com or call me at (720)708-5498. Thank you.