imsumit18/insurance_training_data huggingface dataset:
Under the new affordable care act, everyone will have to have health insurance or pay a penalty (also known as an "individual shared responsibility payment"). If you choose to pay the penalty instead of securing coverage, you will still be responsible for 100% of your medical care. The penalty is calculated in one of two ways (you pay whichever is the higher amount). In 2014, the penalties will be calculated as: 1) 1% of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan. 2) $95 per person for the year (If under age 18, then $47.50) featuring a maximum penalty per family of $285 under this method. The penalty calculations will change each year. In 2015, method one increases to 2% of your yearly household income and method two increases to $325 per person. In 2016, it will increase again to 2.5% for method one and $695 per person for method two. The penalty methods will be adjusted for inflation in later years.
You can buy life insurance online, by mail, or by meeting with an agent at their office or your home. Life insurance policies that are purchased without any contact with an agent are usually simplified issue policies. They generally are for smaller face amounts and do not require an exam. While the transaction can be simple, it takes a pretty insurance savvy person to read and understand all the fine print. Thus, it is easy to get declined, or not get the price or policy you were seeking. I recommend calling an agency that carries both simplified and fully underwritten policies, so that you can ask questions and will be given an accurate description of each type of policy before you make your decision. Most types of life insurance can be purchased online or by meeting with an agent face to face. Looking at testimonials and checking Better Business Bureau ratings can be helpful in determining which agency you want to patronize. Reading answers from different agents on this website is also a good way to "meet" us and decide for yourself who appears to be knowledgeable and trustworthy.
It is always a good idea to talk with your Insurance Professional about the specific terms and conditions of your policy. In general, however, if the damage is caused by a covered peril in your policy, then more than likely there would be coverage for such damage. Keep in mind, however, that a Home Insurance policy is not a maintenance agreement nor does it include coverage for normal wear and tear. In other woreds, if the liner fails resulting in water damage to your property or personal property, the water damage would be covered subject to your deductible, but not the repair or replacement of your furnace.
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.
Among the many factors typically used to determine homeowner insurance rates, here are a few of the key ones: Type of Construction, Age of Dwelling & Condition of Dwelling - Ex: Is the construction type 'fire resistant' rather than wood frame? Has the building been well cared-for? Claims Submission History - Ex: Does the prospect have a history of submitting claims on a frequent basis...especially smaller ones? Dwelling Location - Fire station proximity; History of frequent and /or severe losses in the area from wild fires, hurricanes, etc. Credit History - Credit score - Prevailing underwriting theory is that better credit scores equate to less possibility of frequent claim submissions. Additional Risk Factors - Swimming pools, with or without child safety devices; Questionable types of animals in terms of temperment, as relates to possible attacks on humans; Recreation equipment on premises - safety devices?
Yes you can cancel your life insurance. However, if it is term insurance (also called temporary) it will be money lost and no policy will remain. With whole life or permanent, you may stop paying but continue the policy from the equity you may have accumulated. Or borrow against that equity, never having to repay it, keeping it tax free, while the policy remains in effect. But yes, even here, if it is what you want, you could cancel the whole life policy, getting the cash surrender value to keep, but it would be taxable and your policy would be ended. Thank you. GARY LANE
Life insurance companies will tell you to allow one to two months to receive a life insurance check. It can arrive faster, and if there are problems with the address or other kinks, it could take longer. You must first send the life insurance company the claim form and certified death certificate, so consider that in the waiting time before the check is received.
My sick sense of humor almost tempts me to say "No, real estate agents are specifically excluded from getting health insurance by law" but I won't do that. Yes, you can get health insurance. What you do for a living has no bearing on your eligibility for health insurance, especially now that ObamaCare is in full effect regarding guaranteed issuance of policies. In my experience, most real estate agents are self-employed/1099 contractor status people and not W2 employees of an agency. So, this probably means that you will need to get individual health insurance either through your state's government health insurance marketplace or outside of it. So, just like you would tell those "For Sale By Owner" folks, you need to seek out an experienced health insurance agent who can assist you in obtaining coverage. If you have been without health insurance for more than 60-days and haven't had what is called a "change of life status event" (marriage, divorce, childbirth/adoption, loss of other coverage) then you are in a time frame where you would be ineligible for enrollment in true major medical insurance until the next annual open enrollment period begins on November 15th, 2014 and the earliest your coverage could go into effect would be for January 1st, 2015. I hate to be the one to deliver this news but that is how ObamaCare works. Your only coverage option to carry you through until then would be to take out a Short Term Medical insurance plan. There are a variety of short term medical plan options available. However, you need to be aware that short term medical plans do still use limited underwriting questions, can decline a person for coverage and they do not cover pre-existing conditions. Please feel free to contact me if you need advice or assistance in this matter.
Yes, people who have Medicare part A & B can also have a Medigap Plan (or Medicare Supplement Insurance). A Medigap Plan covers what original Medicare Part A & B does not such as co-insurance, deductibles and co-pays. These plans are offered through private insurance companies. The best way to compare Medigap Plans is to contact an independent agent that can you show you quotes from all the major private insurance carriers.
The short answer is, it depends on the company. Some companies will pay with the notification from a funeral home. In that case a check could be in route within 24 hour or so. However, most insurance companies require a certified death certificate along with their claim forms. The process and time in getting the death certificate can vary by state and county. A Life Insurance agent will be able help you with the claims process at no charge.
You can get whole life insurance from an agency or website that sells it. Try calling to ask if they sell whole life in all face amounts, and ask the ratings of the companies through which their whole life insurance is sold. It the agency only sells it up to a certain face amount, they only sell final expense whole life. That is a good choice if you need final expense coverage, but to get whole life in larger face amounts, you need to make sure you are getting a competitive product.
Life insurance maturity is the date at which the face amount of a permanent life insurance policy is paid to the beneficiary stated in the policy (in case of death) or to the policy holder (if the insured is still alive when the maturity date is reached). In Whole Life, the maturity date coincides with endowment, or the accumulation of cash value to equal the face amount.
Vesting does not relate to life insurance, at least, not in the common uses of the term with respect to pension plans. A policy owner owns any cash values and all policy rights. You might be referring to a surrender charge schedule which exists in many permanent policies, especially Universal Life and related types and is subtracted from the cash accumulation value in the event the policy is canceled early. A surrender charge usually applies in the first several years of the policy e.g. 3-20 years, depending on the policy. Most schedules grade down during this time.
The economic leverage of life insurance and its tax advantages can create an instant estate within the justification and insurable interest rules. A healthy male age 65 may be able to receive a 4 to 1 benefit to dollar spent on a single deposit. A healthy female age 65 may be able to receive a 5 to 1 benefit to dollar spent on a single deposit. A survivorship policy with a healthy male and female age 65 may be able to receive a 6 to 1 benefit to dollar spent on a single deposit. So if you want to make a difference in the lives of your children, grandchildren, great grandchildren or charity, this is the economic way to go.
Only you can answer this question of Life Insurance being essential. For those of us who see the financial loss in families who lost a parent or spouse, Life Insurance relieves financial stress allowing you to take care of what is most important, your family. YES, I believe life insurance is essential. Life Insurance provides you or rather your beneficiary with monies otherwise would not be available. You need to look at what is important in your life, who depends on you, your family, perhaps your business and look at what will happen if you are not there "tomorrow". What will happen financially and how would you relieve that financial stress.
The term "select" when dealing with any type of life insurance is meaningless. There are internet sites that have that word in their name, perhaps because they have already determined which companies to offer coverage from. This is just advertising but with no real value for the consumer, on the internet or off.
An escrow account is usually setup for you when you buy a new home, and this account is used to pay your property taxes and your homeowners insurance. Your monthly payment will include our principal and interest payment to the mortgage lender, as well as 1/12 of your yearly property taxes and homeowners insurance. When payment is due, your lender will make the payment on your behalf from the escrow account.
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.
Under normal circumstances this takes only a few minutes. That doesnt mean that the entire application is completed but the agent usually as authority to extend coverage until the underwriting is completed. A key to prompt binding of coverage is to have the agency needing the binder communicate directly with the agent. For example, the title company should speak directly to the agent that way the binder will meet the specific needs of the borrower and can be handled promptly.
Renters insurance covers any property that you own. If the items are in your garage then they would be covered for any peril covered under your policy. Do not store valuable items in your garage. It is usually much easier to break into a garage than a home.
An annuity issued by a life insurance company is an income for life. That said, there are numerous ways that income can be taken. For example, immediate annuities as their name implies start when funds are deposited with the insurance company. Deferred annuities start at some future date, say on retirement for example. Annuities can also be designed to last for one annuitant's lifetime at a fixed amount, or for a guaranteed number of years. These are just a few of the options that are available. To learn about what's best for you, speak to an independent agent familiar with many carriers and their choices.
Ultrasounds are covered under Medicare. If they're completed as an inpatient in a hospital, it would be covered by Part A. If they're completed on an outpatient basis, it would be covered under Part B. Medicare typically pays for about 80% of the expenses - you would be responsible for paying the other 20%. A Medicare supplement policy can help pay the remaining 20%.
To the average Medicare recipient, the yearly cost of Medicare Part A is free. If there is a charge due to being ineligible for free Part A, there is a premium of up to $441/month. There are deductibles and co-pays for services provided under Medicare Part A. For Part B, the premium to the average Medicare recipient is $140.90/mo. There is an annual deductible of $147/year and 20% co-pay for services and supplies received.
If your employer offers a company sponsored group benefit plan the odds are that you have short term disability coverage. But check with your human resources department to confirm. The majority of businesses do not offer individual disability insurance to the rank and file employees. Thats generally reserved as a recruiting and retaining key employees.
I think that there are two reasons. The landlord wants you to understand fully that he is not responsible for your personal property that is in the rental unit. He is saying, if there is a fire and your things are destroyed, you are responsible, not the landlord. The second reason is liability for personal injury and property damage. If someone is injured in the unit you are responsible and need insurance to protect yourself.
In order for compounded drugs to be covered by Medicare Part D, they must be prescribed for a "medically accepted indication", they must have at least one ingredient that is FDA approved, and at least one ingredient must be covered by Medicare Part D. Only that FDA approved ingredient and the fees for mixing the drug are covered by Medicare. Bulk powders are not covered.
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.
It can be a bit confusing, but Medigap plans are utilized for persons that are covered under traditional Medicare. You purchase a policy from an insurance company such as Blue Cross, Humana or UnitedHealthcare (although there are plenty of other insurers to choose from). Medicare Advantage is a private health plan that is offered as an alternative to the more-traditional Medicare coverage. Often an HMO or PPO, you may see additional benefits included. An independent broker and/or a reputable website is a great place to view options from multiple companies. You can often instantly compare plans and easily apply online.
There are two parts of an auto policy that provide for physical damage coverage, one part for you and one part for someone else. The first covers your car and that is the coverage that is found in Collision and Comprehensive elements of your policy. These are subject to your policy deductible. The second element is the liability coverage you have in case you cause an accident and damage someone else's car or other property. A deductible does not apply in this settlement.
No. The only people who can be added to your health insurance is your spouse and your children (if you're a legal guardian of another child, then they can be added as well). Your parents would have to be under their own coverage. For senior citizens, they have Medicare available to them if they're not on it already. If they have original Medicare (both Medicare Part A & Medicare Part B), you may want to consider adding a Medicare supplement plan (a.k.a. Medigap plan) to cover the gaps in your original Medicare coverage. Original Medicare only covers about 80% of healthcare expenses - you can have all or a portion of the other 20% covered under a Medigap plan. I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.
There are several non-standard insurance carriers that will not factor in your credit even for rating purposes. As many have mentioned, many companies will use it to factor your rates due to the likelyhood that a person with good credit usually will always pay on time and will remain a long term customer, of course there is always the exception and the customers who shop around each renewal either way.
A lapse in health insurance occurs when you fail to make prompt premium payments. The insurance company has the right to cancel the policy if they are not receiving payment. You may have to wait for a subsequent open enrollment period to reinstate a lapsed policy. There is a 30 day grace period to protect policyholders. Make sure you pay your premiums on time.
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.
Basic life insurance pays a beneficiary if death of the insured person occurs by any reason (except suicide in the first two years). AD&D stands for Accidental Death and Dismemberment insurance. It pays the beneficiary if death occurs by accident, or it pays the insured person if they lose a limb. Basic Life with AD&D is most likely a policy that combines both those types of insurance.
Boy there are any number of reasons that I can offer to illustrate why our car insurance, or any insurance for that matter, may go up, or down for that matter. Major factors in pricing usually include one's age, drivng experience, driving history, claims history, etc. You may pay more for car insurance in certain areas of the country than others based upon population, company experience within those territories etc. Naturally another major factor is the year, make model and type of car that you drive and insure. Finally, over the years, it has become common and accepted to include one's credit history among the many factors that a company uses in order to consider and properly price a car insurance policy.
A life insurance rider works just like any contract rider. It is an extension to the contract that stipulates an additional obligation by one or both of the parties to the contract. Specifically to life insurance, this would be any benefit made available by the life insurer that is optional to the policy owner to select that is not part of the base policy features.
If you have a Medicare Part D (Prescription Drug Plan), you should be able to call your Part D insurance company to find out which pharmacies are in your area that accept your Plan. Another way to find out which pharmacies accept your Medicare Part D plan is to visit medicare.gov and choose the tab that says Drug Coverage (Part D). Scroll to the bottom of the list and select Find Health and Drug Plans. You will now be on a page titled Medicare Plan Finder. Enter your zip code in the General Search box and click on the Find Plans button. You are now on a page that is Step 1 of 4. Complete the appropriate information for the questions asked and click the Continue to Plan Results question. Step 2 of 4 asks you to enter your drugs. Youll need to enter the name of at least one drug. Once completed, you can submit the list and youll move to Step 3: Select Your Pharmacies. The database will show you pharmacies in your area. You can change the range of miles within your zip code from 1, 5, 6, and 8. The database provides phone numbers for the pharmacies. It is in your best interest to call the pharmacy and make sure they accept your particular Medicare Part D plan before venturing out to fill your prescription.
This is a pretty difficult question to answer in a forum like this. I highly recommend that you speak to a professionalone-on-one to completely evaluate your needs and to see if you can borrow - and if so, if it would be financially smart to borrow from a retirement fund. Feel free to contact me if you have no one else. To give you a little idea if you could however, here are some guidelines: Most retirement funds are NOT AVAILABLE to borrow from. If you have a Defined Benefit or a Cash Balance Benefit, you can not borrow from it. You can move your funds to a different account, with professional guidance to avoid penalties. But with these types of accounts, you usually can not touch until you retire. If you have a Profit Sharing account or a 401K - you MAY be able to borrow depending upon the rules of the company that it is through and/or the rules of the company you work for. Again, however, most will not allow you to borrow. If they do, typically you can only borrow 50% of YOUR contributions (not what your company contributes) or $10k, whichever is less. Again, this is a very difficult and technical topic to get a solid answer here. Look me up if I can be of any further help.
If you own a Tax Qualified (TQ) Long Term Care Insurance policy, the premiums can be deducted up to a certain limit. The instructions provided with your tax return will show the amount of premiums that can be deducted at each age.
Peggy is 100% correct, of course- but I'd like to just give a tip- get a Life and Health license. The population in Maine is pretty sparse- and if you are new to the field you may want to expand your portfolio of products instead of concentrating in just a specific type of insurance.
To find out if someone had life insurance you will have to do some digging and asking. Most people respect making that purchase and keep a record of it somewhere. Relatives may know. You could contact a local insurance agency where that person did business. If all else fails, unclaimed life insurance will eventually be turned over to the unclaimed property files in the state where the policy was purchased.