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Does A Single Person With No Dependents Need Life Insurance?

A single person has debt and financial obligations and someone has to pay when they die. You will not leave a load of debt on loved once to pay. It better to die in dignity. Get life insurance. How will you expect your remain to be disposed of if you have no life insurance.

Who Needs Whole Life Insurance?

If the policy was obtained legally (i.e. the applicant did not lie or omit facts about past drug use) and was not a result of suicide during the first two years of the policy, the life insurance policy will most likely pay for death due to drug overdose.

Can You Apply For Medicare Part B Online?

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

How Does Split Dollar Life Insurance Work?

Split dollar arrangements can vary between a corporation and it's key executives, the grantor of an estate and it's associated irrecoverable life insurance trust or two parties that share an insurable interest. It is a sharing arrangement between two entities of death benefit and cash values of a life insurance policy.

How Much Is A Typical Homeowners Insurance?

Every state is a bit different however In Colorado, where I am located, car insurance is mandatory for all drivers. Auto insurance is enforced by the Colorado Department of Regulatory Agencies which is part of the Department of Insurance. Colorado was a no-fault state until 2003, when they changed the regulations to what is referrd to as TORT meaning fault has to be established first before claims will be paid.

Can I Get Life Insurance If I Have Lupus?

If the burst pipe was caused by a maintenance issuethere is a good possibility that a claim would not be covered by your homeonwers policy and even if the claim is covered you may still be subject to the policy's deductible. When you own a home maintenance of that home is something that can be quite challenging but needs to be done in order to prevent non-covered incidents from occuring.

Does Life Insurance Affect FAFSA?

No life insurance does not presently affect FAFSA, neither death benefits in place nor cash values held in either whole or universal life insurance. These values are not included in the FAFSA calculation for expected family contribution.

What Does Medicare Part B Cover?

Medicare Part B covers the doctor services, outpatient hospital services, medical services and supplies. There is a monthly cost charged to the Social Security check received. There is a deductible and 20% copayments if incurred. In addition you pay all costs for services and supplies not covered by Medicare.

Does Short Term Disability Insurance Work?

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

How To Withdraw Cash Value From Life Insurance Policy?

First be sure you have a cash value life insurance policy. For example a whole life, universal life, indexed universal life or variable life, but not a term life which has no cash value. Locate in your policy the illustrations page. Depending on the years of accumulation you will see the cash value of the policy. You may "borrow" against the cash value at a very low interest rate and keep your coverage in force. Or you may cancel your coverage and receive the full cash value amount which is income tax free in most cases. Simply, call the insurance company and ask for the proper form to be sent to you in order to execute the transaction. However, before doing the later, be sure to have alternative coverage in place unless you are fortunate enough not to have a need for life insurance in the future.

Can You Have Both Medicare And VA Benefits?

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

What Does ROP Mean In Life Insurance?

ROP stands for Return of Premium in life insurance. It generally refers to term life insurance where you get back all the premiums you paid in if you keep the policy until the end of the term. After about half the term has passed, a portion of the premiums may be returned if the policy is dropped early. ROP policies usually cost substantially more than regular term policies. Unlike regular term, longer terms in ROP term usually cost less than the shorter terms, because the insurance company is able to hold onto the premiums longer before returning them.

Why Get Medigap?

A homeowners policy will cover damages caused by fire to the building, and the contents. It will also pay for debris removal. There will be coverage for additional living costs while the structure is being repaired. Other coverages might come into play such as building ordinance coverage, and fire department fee coverage. Recovery will be based on the form that was used for the homeowners policy. It will either be based on replacement cost or the actual cash value of what was damaged. The recovery will also be reduced by the deductible.

How Long Does It Take For Life Insurance To Pay?

The lowest price auto insurance coverage that I am aware of that you can purchase would be liability only coverage. This typically includes bodily injury, physical damage, and property damage. Some states may also require that you purchase a minimum amount of uninsured and under-insured motorist besides the liability coverages mentioned previously.

Is It Mandatory To Apply For Medicare At 65?

If you are receiving Social Security benefits at age 65, you will be signed up for Medicare Part A and Part B automatically. When you get the packet in the mail, you will have a form that you can use to turn down Part B. At this time you can also opt out of Part A, but it is free and covers very expensive hospitalization costs, so you would be advised to keep it, or have very other good health insurance if you turned it down. If you are not yet receiving Social Security benefits at age 65, it is not mandatory to apply for Medicare Part A or B at that time. However, it is again, advisable to at least get Part A.

Does Homeowners Insurance Cover Water Damage In Bathroom?

The flu vaccine is covered and is treated as preventive care. Preventive care should be covered at 100% since the passage of the health care reform. Please be sure to inform the pharmacy about this benefit as there is currently a lot of confusion and people are paying out of pocket.

Which Life Insurance Should I Buy?

Product suitability is always a consideration when considering product lines that have such diverse application. Life insurance is generally purchased for indemnification or inheritance planning, but can be used as supplemental retirement income. Term life insurance is an excellent for temporary coverage for temporary financial exposure to your beneficiaries. For permanent liabilities, many planners use guaranteed universal life insurance. For supplemental retirement income there are several crediting methods: for interest rate crediting you can use participating whole life or current assumption universal life. If you desire access to domestic and/or foreign indices, you should review indexed universal life insurance. If your risk tolerance permits, you could consider variable universal life with access to separate sub accounts that use marker equities and bond instruments.

Does Renters Insurance Cover Garage Theft?

If the garage is part of the premise that you rent, you may coverage through your renters policy. Your personal property is covered up to a dollar amount specified within the policies limits. Please read your policy completely to understand what coverage is provided and exclutions that there may be.

Why Do We Need Critical Illness Insurance?

The answer to that depends on whether or not you own your car outright. If you are making payments to purchase or lease your vehicle than an insurance payout will most likely go directly to the repair facility. If you own your vehicle than you have the right to do whatever you wish with the money you receive from the auto insurance payout. That being said, it is strongly recommended to ensure your vehilce is safe to operate (For the benefit of you and yourpassengers as well as others on the road too). Joel Guilbert Liberty Mutual Insurance 4806857309

Can Creditors Claim Life Insurance Benefits?

If the creditor is going after life insurance proceeds that have been left to the insured person's estate, and is doing so to pay off bills left by the deceased, then the creditor can claim life insurance benefits during probate. If the beneficiary of the life insurance policy is a person, then creditors cannot take the death benefit away from the beneficiary. There may be some exceptions, such as if the beneficiary was a co-signer to the debt.

Does Life Insurance Really Work?

This is one of the great conundrums of investing and saving for retirement. The menu selection is too big and can't be adequately understood with such an inventory of investment options. The majority of advisers have a difficult time keeping monitoring and track of all the available product lines.

Can I Get Auto Insurance Without A Driver License?

I would have to say no. Every auto insurance carrier that I am aware of requires a drivers license number of all drivers that are to be covered by a policy. For a carrier to take on a risk that does not have a drivers license and is not getting insurance to have their license re-instated would possibly be a very unprofitable thing for the company to do.

How Long Does Long Term Disability Insurance Last?

The general rule of thumb for long term disability is to age 65. However there are disability insurance companies that offer longer or extended coverage. Then theres Lloyds of London, a company the prices risk outside the convention insurance market, in this case disability for high risk insureds or older insureds.

Does Full Coverage Auto Insurance Cover Repairs?

By "Full Coverage" I am assuming you mean, does carrying Comprehensive and Collision coverage cover repairs? If you have a covered claim i.e. -an accident, hit a deer, backed into your wife's car like I did the other week - then yes, carrying Comprehensive and Collision coverage would pay to fix those covered damages subject to your poilcy deductible. If you are experiencing general vehicle issues, i.e. - motor running roof, transmission mission or other general wear and tear - no, your insurance coverage would not come into play in these cases. Insurance only comes into play to repair a vehilce when there is a covered claim.

Do I Need Life Insurance When I Am Retired?

A company doesn't have to offer a retirement plan. But employee recruitment and retention depends on the additional benefits offered. Many employers today try to offer defined contribution qualified plans like 401(k)s as an inducement to hire on and stay with the company, especially when the employer matches contributions.

Does AARP Have Long Term Care Insurance?

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

What Is A Medicare Replacement?

Original Medicare has been in existence since 1965 when Lyndon Johnson signed the bill making it law. Original Medicare had Part A (hospital) and Part B (doctor and outpatient). Almost immediately a few carriers saw an opportunity to market supplemental coverage to pick up the gaps left by Medicare. Medicare Part C (later called Medicare Advantage) began in 1997. These private insurance plans gave seniors an option for a managed care private plan vs original Medicare.

Will Homeowners Insurance Cover A Leaking Basement?

Yes a sole proprietor can deduct disability insurance premiums from income for income tax purposes. If you choose to do this, it's important to keep in mind that the benefits paid by the policy if on claim will be received as taxable income and you will need to pay income taxes on the benefits received. If instead you choose not to deduct the premiums, then the benefits can be received income tax free.

How Much Are Car Insurance Payments?

Life insurance is personal property. Personal property can be owned by one or more owners. Living in a community property state could present divisible property issues if the life insurance policy has cash values. Each community property state may have it's own proprietary regulations. Consult an attorney before moving forward with any policy ownership changes.

How Much Should My Homeowners Insurance Be?

Homeonwers insurance premiums are as unique as the home being insured. There are many factors that are taken into consideration when computing a rate for a homeowners insurance policy. some of those factors are: the valuation of the home, the year the home was built, the distance to the nearest responding fire department, and the distance of the nearest fire hydrant just to name a few.

Can You 1035 From Life Insurance To Annuity?

I have an in ground pool in my own back yard and we absolutely love it. It's great being the house that all my kids' friends want to go to. But, does it increase my insurance premiums? Not necessarily, although it probably should. I'll explain why in just a moment. First, let's look at what an insurance company wants if you do have a pool. The biggest thing they want is a fenced enclosure around the entire pool. They want to be sure that anyone who enters the pool intended to enter the pool. Also to keep animals and small children from wandering into the pool. It's usually not a case of a premium increase, it's a yes or no question. If you do what they want(fence), they'll usually insure you with no increases. If you don't do what they want, they'll just refuse to insure you. Now, why would your premium increase? Because a pool brings more liability along with it. Bad things can happen even if you take precautions. I would recommend liability limits of at least $500,000 and, usually at least a $1,000,000 umbrella policy. Doing this may cost you a little more but it's well worth it. It may be as little as $85/year or it may be a little more depending on your home, cars, and family. Be smart, spend small dollars now to avoid big dollars later.

What Is A 5 Year Term Life Insurance Policy?

As mentioned above, a 5 year term insurance is an insurance policy that is in force for 5 years then expires. It is designed for a short term need and or specifically for the purpose of converting to a Whole Life policy within that 5 year period. Most Term policies are "convertible" to permanent insurance and some companies limit the type of permanent insurance their term policies may be converted to. In "converting" a term to a permanent policy what happens is the face amount of the Term, or a portion of that amount is converted to a Whole Life or Universal life policy without the insured having to undergo additional medical testing or underwriting. The premiums paid to the Term policy are not credited to the new permanent policy and the new premium will be based on the current age of the insured.

Does Life Insurance Get Taxed At Payout?

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

What Is The Primary Purpose Of An Irrevocable Life Insurance Trust?

Disability Insurance is a good idea for most people. Of course, there are those who simply cannot afford it. But for those who can, it is one of the most prudent insurance policies to get. That is because a disability can happen to anyone of any age, and it can happen more than one time. Being disabled can wreak havoc on a family due to the resultant loss of income. Disability insurance helps keep the tragedy manageable.

Who Should Be Beneficiary On Life Insurance?

It depends on the reason for the policy. Most people will select a spouse, parent or other family member. If the policy is for final expenses you can name the person who will be handling those affairs or even the funeral home. I do not recommend naming a child as beneficiary unless the money is earmarked for the child after he or she turns 18. Money left to the child will be held in trust until the child is of legal age.

How Long Can Children Be On Parents Health Insurance?

Children can be on their parents' health insurance plans until they are 26 years old. However, it may be more cost effective at a certain point before then to have them go on their own individual plan or group plan through their employer if they are employed. You should consult with an experienced health insurance broker regarding your family's insurance plan benefits and costs to determine the if there is a more suitable program for your family's specific needs. I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.

Much Does Health Insurance Cost One Person?

The rate depends on many factors including your age, where you live, your health and whether you smoke. Monthly rates could vary between $25 per month to $250 per month (or much higher) depending on these factors. And of course, different carriers such as Anthem, Aetna, Cigna, UnitedHealthcare etc... will charge different premiums. To view rates, you can visit a reputable website that offers free online quotes. There is no obligation and you can easily apply online for coverage after viewing your best options. You may also receive a federal tax subsidy when State Exchanges are operational. Naturally, an experienced broker can also assist you.

What Is Better Term Or Whole Life Insurance?

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

How Much Does A Urinalysis Cost Without Health Insurance?

Yes it does. There is the added exposure of someone falling into your pool and drowning or being injured, which could reult in a lawsuit against you. The liability coverages in your homeowners policy would provide you with coverage for attorneys expenses to defend you and a possible payout, up to the liability limit in your homeowners policy.

How Much Does Renters Insurance Cost A Month?

If you are looking for Cheap Renters Insurance, Renters Insurance is very inexpensive. The best way to purchase Renters Insurance Online is to request the lowest Personal Property (Contents) Coverage needed, the minimum Personal Liability Coverage needed and the highest deductible that you can afford; this will provide the cheapest quote. There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States; it may be useddirectly by Consumers. A great way to buy renters insurance online! WEBSITELINK

What Does Renters Insurance Protect?

Renters insurance will provide protection for your personal property, personal liability, and loss of use up to the policy levels possibly subject to a policy deductible. If you have renters insurance and your rented premise is damaged by fire, smoke, or lightning (to name some of the covered perils). 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.

How To Get Health Insurance For A LLC?

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

What Is Life And TPD Insurance?

As and Insurance agent I would have to say yes it should be required. As a consumers pint of view I can see why you would not want the extra expense. But The policies on average are 10 to 15 a month and it lowers your car insurance that much a month with many carriers if you bundle it. What little you are paying for in the event of a loss you would be glad you had the coverage. What a renters policy is paying for is many things from Liability if someone get hurt at your apartment to if you had a fire and had to stay in another place till you could move back in it would cover your living expense. It also covers to replace your thing like clothes and furniture and much more. Many home owners that are renting out the home with some carriers they require that if you are renting the home that they have to have the renters get renters insurance. There are more benefits to having it then not.

Who Owns Southwestern Life?

In order to drive a vehicle in many States, the law requires a licensed driver to be insured! If the driver does not own a vehicle, a policy form is available by the name of 'Named Non-Owner' Insurance; this insurance provides liability and optional uninsured motorist coverage for the named insured driving a vehicle not titled in his/her name. If you have a Named Non-Owner Insurance policy, the carrier upon request will issue an SR-22 endorsement to the Governing State Department of Motor Vehicles. In the event that the insurance is cancelled, an SR-26 cancellation form is issued and sent to the Governing Department in order to confirm cancellation of the insurance thus cancelling the SR-22. If one does not desire to purchase the insurance and is merely attempting to get a Form SR-22 issued, there is no method to do so without keeping active insurance for the term that the SR-22 is required. The SR-22 is simply a reporting form confirming continuous coverage. Many States now require electronic reporting between insurance carriers and the State Department of Motor Vehicles.

Why Is Men's Car Insurance Higher?

Insurance companies base their pricing on mounds of historical data. They carefully review statistics common to the industry as well as those specific to that company's loss experience. This risk analysis ultimately results in the rates we pay for the products that company offers. Over a great many years, statistics have tended to show that younger less experienced male drivers tend to be involved in more claims than their young, less experienced female counterparts. That being the case, and all other things being equal, it would cost more for a male to insure a car than it would for a female to insure the same car.

Who Can Sell Annuities In Tennessee?

If the household relies on both of you as wage earners, then both of you need life insurance. One major factor to consider is annual salary. You should get at least 3 - 5 times this number. Other things to consider is amount of debt (mortgage, credit, loans etc.), children's college tuition and any attained assets currently owned. All these things among others should be considered when figuring out how much life insurance should be purchased for the wage earner. This is why it is very important to speak to an Agent about purchasing Life Insurance.

How Long Does It Take For Renters Insurance To Go Into Effect?

Renters INsurance can go into effect fairly quickly so lon as your insurance professional has binding authority with the company in which the policy is issued. Assuming that to be the case, working with your insurance professional, the application process is really pretty easy and quick. In our case, we could issue a Renter's policy in about 15 minutes.

Will I Be Taxed If I Don't Have Health Insurance?

Beginning in 2014, 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.

Why Is Whole Life Insurance So Expensive?

Why is whole life so expensive? Because it is the ONLY product that really will cover you for your whole life. You are paying a premium that is LOCKED in time, they can't come back and raise the price. Finally, when you buy whole life, YOU control the policy. Nothing can be done without your permission. I guess I would add this, the insurance industry is an industry of math. It is statistic driven and risk oriented. If you were an insurance carrier would you charge the least or the most for the product you bare the most risk from for payout? Once an insurance company has sold a whole life, they're no longer in charge, the insured is.

Is Travelers Home Insurance Any Good?

In my personal opinion Travelers home insurance is a superior product. Also Travelers has excellent customer service and claims handling. As an independent agent I work with many different companies and the one that rises to the top and receives praises from my clients continually is Travelers Insurance. Make sure to discuss the details with an agent as Travelers has several package options ranging from Silver to Platinum.

Is Hyoscyamine Covered By Medicare Part D?

Hyoscyamine is a medication used to control symptoms resulting from various GI tract illness and conditions. The drug can be used for for relief of stomach ulcers, IBS (irritable bowel syndrome), colitis and other illnesses. The drug is sold under various brand names including Levsin, Symax, Anaspaz and other names. Check your Part D drug formulary for coverage and benefits.

Can You Borrow From Your Whole Life Insurance Policy?

Life insurance quotes are distributed through career, brokerage and company direct. Historically these offerings have not been as competitive as brokerage distribution channels, who offer many life insurance products from various companies. Some of these companies are on line. If the web site doesnt display several companies or a calculator that displays a spreadsheet of all companies, its not worth reviewing.

What Is Group Disability Insurance?

Group Disability Insurance is disability insurance coverage offered to a group of employees through their employer or entity for which they work. It is one of the benefits offered to some employees. If the employer pays the Disability Group Insurance premiums for the employee, disability income benefits would be taxable to the employee when used.

How To Apply For Medicare Part B?

Health insurance for one person in Texas can cost as little as $25-$40 per month (short-term plan) or much more, depending on the age of the person to be covered, their zip code and what medical conditions (if any) that they have. Shopping and comparing the major carriers will always save money. As an experienced broker, our job is to do the shopping for you. We take your information and quickly provide the companies in your area that will offer the lowest rates. It's that simple. Starting in October (2013), Open Enrollment will begin and many affordable plans will become available to Texans that have pre-existing conditions. A federal tax subsidy will be available (depending on your family income) that could potentially pay a large portion of your premium.

What Will Happen To Medicare In The Future?

Medicare is "too big to fail" but that does not mean there won't be changes. Funding and benefits will need to be adjusted in order for the system to survive. Medicare is like a balloon. You squeeze in one place and it bulges in another. Going forward, medical providers will have reimbursements squeezed, deductibles and premiums will rise. The biggest threat to Medicare beneficiaries is the Obamacare IPAB that will oversee medical treatment.

Does My Spouse Have To Be On My Auto Insurance?

That is a great question! And the great answer is yes, you both can have your own Roth, and contribute to each. There are limits, so if your individual incomes are in the low $100k area, you can cap out, and if together your combined income puts you at $180k or above, you can max out also. As long as you fall in between that range, go for it! Good luck, and thanks for asking!

What Is A Life Insurance Unit?

A life insurance unit is $1,000. Life insurance is priced per unit. So if you wanted to purchase a $500,000 life insurance policy that costs $2.00 per unit, the cost of the policy would be $1000 per year, plus policy fee. Most people do not see the unit price when purchasing life insurance, but buying a child rider is a time when the unit price is often shown and you are given the chance to pick how many units you want you want in the rider.

Will My Homeowners Insurance Cover Mold Damage?

There are hundreds of species of mold common to the United States. Small areas of visible mold that build up on moist areas in a home not only look bad but are also a health risk, the mold may cause allergy like symptoms and/or breathing difficulties. Basic home insurance policies, generally limit coverage for mold or exclude it. It is very easy for mold to grow given suitable conditions in a home that doesn't show pride of ownership; mold claims became so excessive in prior years, the insurance industry chose to limit or exclude coverage rather than raise premium to address the growing claims. Although the standard coverage will vary from State to State as well as vary between insurance carriers, it is important to view your specific insurance policy to find out if there is coverage for mold and what the limit is.In some cases, a carrier will actually allow an extended amount of coveragefor an additional premium. It is best to maintain a clean and moisture free structure to prevent the growth of mold. In homes with a basement, it is important to remove all moisture as quickly as possible following any leaks. The Federal EPA recommends homeowners clean up any area affected by mold which is less than 10 square feet using bleach or a suitable product, any area larger than that should involve a professional.

What Is The Average Cost Of Whole Life Insurance?

All premium quotes are dependent on the final underwriting outcome based on health, gender and age of the proposed insured. Heres an example, more of a rule thumb. Participating Whole Life Insurance purchased as a base policy with no riders is generally 20% over its guaranteed universal life (GUL) counterpart. A 30 year old male nonsmoking with super preferred health covering $100,000 of GUL is averages around $550 annually with the top 25 the leading life insurance companies. The average participating whole life policy should come in around $675 annually. Always check the rate quoted by any online life insurance service to confirm the cost before moving forward.

Does Short Term Health Insurance Work?

STM (short term medical) insurance is real major medical insurance . . . but with some limitations. STM plans do not cover any pre-existing conditions. The application process is simple, usually 5 yes/no questions or less. A "yes" answer is an automatic disqualifier. Most STM plans have a simple design of a deductible then coinsurance. A few have copays. Every one I have seen includes an Rx discount plan and some have PPO networks. Benefit periods are on a month to month basis with most plans issuing a maximum of 6 months although a few offer 12 month policies. When the benefit term expires so does your coverage. There is no renewal. Instead you apply for a new plan with new underwriting and new pre-existing limits.

Who Can Buy A Life Insurance Policy?

Almost anyone who wants to buy a life insurance policy can do so. If they are buying it for themselves as the insured person, they must have some sort of income or assets to financially qualify for the amount they are purchasing. If owning a policy on someone else, there must be a close family tie or insurable interest. In the US, those buying life insurance must be citizens, have a Green Card, or (with some companies) have a work Visa.

Does Homeowners Insurance Cover ATV Accidents?

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

What Is The Exclusion Ratio Of Immediate Annuities?

The exclusion ration on immediate annuities is referring to the part of the payment that represents the tax free return of basis or the original contributions. The exclusion ration is amortized in the annuitized payments to the annuitants life expectancy. Once the basis is recovered, the payments going forward are entirely gain and taxed as ordinary income.

Does Renters Insurance Cover A Broken Laptop?

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

Does Homeowners Insurance Cover Power Surges?

Medicare HIC stands for your Medicare Health Insurance Claim number or code. It begins with the Social Security number of the wage earner under whose benefits the eligible person is receiving Medicare. E.g. If you are receiving benefits as the result of yours having paid into Medicare the required period of time, the Social Security number would be yours. If you are receiving Medicare benefits under your spouse's employment, the Social Security number would be his or hers. The suffix behind the SSN indicates your relationship to that person.

Why Should You Have A Retirement Plan?

Retirement planning is paying yourself. Disciplined despots into a retirement plan from every paycheck, no matter how small can help you develop a habit that you'll appreciate when you retire. You only need to look to the baby boomer generation and their under funded retirement accounts to give you a glimpse into your future. How you save today will determine your lifestyle in retirement.

Can I Have Auto Insurance In Another state?

There are local career agencies and brokerage shops in Michigan that offer long term care insurance. But you may also want to use online brokerage firms that offer an inventory of companies, sometimes with side by side comparison spreadsheets to understand which company is most competitive. Genworth is one of the leading long term care insurance companies in the market place.

Why Do We Need Health Insurance Companies?

Yes and no. Settlement amounts which are to cover vehicle repairs or even replacementand amounts to cover medical expenses resulting from the accident should not be taxable. Ifyou are compensated beyound medical expenses and vehicle repairs or replacement, such as lost wages, etc. These amounts may be taxable. Tax laws change from year to year. Consult your local tax advisor to know what would be taxable under your set of circumstances.

Can You Borrow Against Your Retirement Plan In Pennsylvania?

There are only a handful of universities that offer degrees in Insurance. If you are looking for professional training law would probably be the most helpful, particularly if you want to be involved in estate planning or commercial insurance. A degree in marketing would prepare you for that aspect of the insurance business. Actually, insurance agents come from a wide variety of educational backgrounds.

Can I Get A Life Insurance Quote Online?

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

What Is A Life Insurance Certificate?

A life insurance certificate is a certificate of insurance saying that a policy was purchased, and that outlines the basic provisions of the policy. When you are enrolled in a group policy, you may be given a life insurance certificate. You may need to order a certificate of insurance to prove to a lender or other entity that you have that coverage. For your own individual life insurance, having a copy of the policy is sufficient and preferable.

Will Medicare Pay For Abdominoplasty?

Medicare only pays for medically necessary treatments, surgeries, procedures, and medications. Medicare does not cover surgeries that are for cosmetic purposes. Abdominoplasty that is not medically necessary to correct a related to a heath condition, therefore, will not be covered by Medicare. Some Medicare Advantage plans may cover drugs related to having the abdominoplasty done.

What Is The Dwelling Amount On Home Insurance?

There are plans available for anyone. Usually if a person is in very bad health there will be a graded death benefit for the first two or three years. The healthier you are the better your rates. If a person is very healthy that person can get preferred rating. If a person has Aids or some other serious disease they would have to go guaranteed issue and pay higher rates.

Why Should I Rollover My 401K?

The reason many people rollover their 401 k plans is generally to have better control over the account if you are leaving that company. Also you have better control rather than having to contact the old imployer. You may get a getter return on your 40l k with a different investment firm,

Is Part D Medicare Free?

To be eligible for Disability Insurance (DI), you must have health that meets the company's underwriting guidelines for that policy. It is harder to qualify medically for Disability Insurance than it is for Life Insurance, because so many more health conditions can cause a Disability than can cause a death. But a good Disability Insurance brokers can guide you to the right policy. You must also have an income in order to be eligible for Disability Insurance. Homemakers or others who do not receive a steady income are, unfortunately, ineligible for coverage. And some occupations will disqualify you. That being said, most people can get Disability Insurance and it is a very important part of a secure financial portfolio. A good Disability Insurance agent will be an immense help to you in determining whether you are eligible for affordable DI coverage.

Who Sells Mortgage Life Insurance?

The lender that provides your home loan is typically the vendor that sells mortgage life insurance to you, as well. When death occurs, the lender is paid the benefit of the policy, so that their portion of your loan is paid off. Life insurance can be used to cover a mortgage, however. It is more competitively priced than mortgage insurance and the death benefit does not decrease as your loan decreases. The beneficiary is the person of your choice. They can use the money to pay off the mortgage, or else spend it on other things if it makes more sense to keep the mortgage.

Does Great Clips Offer Health Insurance?

Since most of their locations are franchised, it would depend on the franchise owner. Typically, if coverage is offered, it may not be paid in full by the owner. But most importantly, can you get a good haircut at Great Clips? It's just my opinion, but my answer would be Yes!

Should I Buy Long Term Care Insurance In This Economy?

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

How Much Should I Have In Annuities?

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

How Does Health Insurance Affect The Retirement Behavior Of Women?

Great question! While I do not have a degree in sociology or statistics, I can tell you what I see, working daily with retired, or near retirement aged women clients. Each and every one of them appreciate it. Most of them are no longer working, though almost all of them had expected to be. The ones that still have insurance through work or their spouses work are not burdened with the fear of being unable to get medical services. The rest of them are enrolled in Medicare, or Medicaid. Those ladies also are profoundly grateful to be able to receive medical care that is affordable. Many of those women struggle to balance medical costs with the everyday expenses of heat, food, and electricity though, as the benefits are often not enough even with Social Security to make ends meet. Without health insurance they would be in a very bad way. If this did not answer your question, (And I'll admit I'm not sure what you are asking, since having insurance or not having it probably affects them the same way it would a man, or someone younger) please feel free to contact me, I'll be happy to discuss this with you further. Thanks for asking!

Which Medicare Part B Plan Is Best?

The government originally established Medicare with two parts. Part A to cover hospitals and part B to cover outpatient services. Both of these are administered by the Medicare (CMS) and there is no choice of coverage. Later Part D was initiated to cover prescriptions. These plans called PDP's are administered by private insurance companies. Part C, Medicare Advantage Plans are plans that are administered by private insurance companies instead of Medicare. As far as which plan is best, that will depend on your individual situation; where you live, what doctors and hospitals you go to, do you travel outside the area a lot,what your prescriptions are, and other factors. Find a good independent agent who represents most of the Medicare plans in your area and have the agent help you with your choice. You can also find information at Medicare.Gov.

What Type Of Retirement Plan Is Based On A Formula?

All group retirement plans that are covered by the Employee Retirement Income Security Act ERISA are based on some formulaic process. This formulaic process is used to ensure against discrimination in the plan. Federal law defines discrimination as a plan that too heavily favors highlight compensated employees. Highly compensated employees are employees who earn over a certain amount in annual income, as of 2013 that amount is $115,000.

Where Should I Buy Long Term Care Insurance In Michigan?

To the best of my knowledge there is not any public availablility of insurance coverages or carriers that a person or company may use for their coverage. About the only way to get that information would be to contact your neighbors and ask them for it. Laws vary from state to state, but many of the laws currently in place prevent insurance agents and carriers from providing any coverage or personal information to anyone but authorized parties.

How Much Does Renters Insurance Cost In Massachusetts?

They are best know for guaranteed issue policies I believe. These would be for very small face amounts, with no medical exam. If you want a larger policy, such as $250,000, you might contact a company like New York Life, which would normally require a medical exam but regularly issue large face amount policies, both term and whole life. Gary Lane, Registered Representative, New York Life. 949 797 2424. Thank you.

How To Sell Life Insurance Online?

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

Does HIPPA Apply To Life Insurance Companies?

Legally, life insurance companies to not have to adhere to HIPPA. However, most life insurance companies utilize an application that includes a HIPAA form that must be signed so that the life insurance companies can access your medical information and complete their underwriting process.

What Is Renters Insurance Coverage?

A check is a check is a check. It will clear like any other check in 3-5 business days. If you need money before the check clears you could go to the bank for a short term loan and use the policy as collateral once the life insurance company has confirmed you as the beneficiary.

What Company Has The Cheapest Long Term Care Insurance In Colorado?

In addition to Peggy's answer I would also look at all the options that are available which may or may not make sense for your situation. There are many "hybrid" products now that can provide you monies to cover LTC expenses but also provide other valuable coverage or funds. Look into Life Insurance which gives you access to the death benefit what you have a chronic condition. Please be aware that before you purchase any of these products I want you to understand what is covered and what is not. I am simply saying here there are alternatives versus just purchasing a Long-Term care policy which can be cost prohibited.

When Is One Eligible For Medicare At What Age?

If you only have Medicare A & B or Parts A & B plus a Medigap plan, Medicare is going to pay first. When you have more than one plan paying a claim, the process has to follow the coordination of benefits rules to determine who pays first and who pays second. The majority of the time, people who are on Medicare will have two types of coverage when they or their spouse works for an employer. Self-employed individuals will generally only be on Medicare and drop their under 65 policy (unless their spouse has group coverage they can be on). How big the company is and whether or not the insured employee is working will generally determine who pays first. If the employer has 20 or more employees, the employer plan will pay first and Medicare second. If the employer has less than 20 employees, Medicare will pay first and the employer will pay second. If you're on Medicare for a disability, the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees, Medicare pays first and the employer plan pays second.

Can You Buy Car Insurance With A Suspended License?

An individual with a suspended license can purchase auto insurance. Generally the intent is so the individual can regain his or her license. The other option is the individual has other members in the household that operate a motor vehicle. If this is the case the owner of the policy can purchase the insurance and exclude themselves as an operator thereby allowing the residents in the household to drive the vehicles. The residents of the household will be required to be added to the policy as operators.

Does Life Insurance Pay For Your Funeral?

Life insurance can be used to pay for your funeral or for any other purpose for which your beneficiary uses it. If you purchase a life insurance to fund your final expenses, leave the death benefit to a beneficiary who knows your wishes, or you can even leave it directly to the funeral home.

Who Can I Add To My Auto Insurance?

If you get married, then you can add your spouse and their car to your policy. If you and your spouse are parents and your kids become licensed drivers, then you can add them to your policy. Generally speaking if you have another relative who is residing with you, they can be added to your car policy as well. If you have a resident nanny for your younger children, and that person will have regular use of your car, then it is properto add that person to your policy as well.

How To Sign Up For Medicare Online?

The rules of medicare requires the insurance agent to verify you are who you say you are and they must certify that they have interviewed you in a face to face conversation and the agent has to "recertify" every year in order to sell medicare advantage and the agent is accountable to assure if you have a "personal representative" or a "power of attorney" that person has to be present. The agent is also accountable to give you a "summary of benefits" and to assure you understand the type of policy you are purchasing and the coverages. The insurance agent must licensed to sell insurance for the State in which you reside

Does Disability Insurance Cover Alcoholism?

Theoretically they should be quite accurate. A company can identify you, all the drivers in your household, every moving violation or accident that you have had, the VIN of every vehicle registered to your address and can do the computations quickly and accurately. Will that be best for you, probably not? Price isnt everything. If you dont have adequate limits to protect you when you have a claim then you have made an expensive decision. You might have saved a few dollars but the claim could send you into bankruptcy.

Can I Pay Health Insurance Premiums With Fsa?

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

What Types Of Jobs Offer The Best Health Insurance Coverage?

What type of jobs offer the best health insurance? Well it depends. The choice for an employer prior to the ACA to provide health insurance was completely voluntary and any size business might offer quality benefits. Sometimes assuming a large employer offers the best plans could be a mistake. Often better benefits than average were offered by businesses that needed to attract and retain quality employees. The high tech field because of demand,offered great benefits to employees to help keep the best employees there. With the ACA things will change considerably for business that uses health benefits to attract employees. The Cadillac tax on employers who provide too "good" of benefits for their employees will reduce health benefits to a national standard that a business would be forced to pay extra taxes in penalty if they wanted to do more for their employees.

Is Life Insurance Essential?

Look at the people you know. How many people do you know who have had a stroke, heart attack, or other critical illness that will affect them the rest of their lives. Critical illness coverage provides funds to pay for deductibles and copays, cost of medication, helps with rehab costs, and helps provide for lost income. If you had a heart attack and couldn't work how long would you be able to meet your expenses?

How Do I Get My Own Health Insurance?

You can get your own health insurance very easily. I'll provide a short accurate answer. Under new legislation, there are Open Enrollment periods, subsidies, Special Enrollment Periods (SEP), Exchange plans, off-Exchange plans and much more. It can be very confusing to find and pick the best plan at the lowest price. So...what do you do? Work with a broker! No fees or costs..just a lot of time and money saved! LIVE answer provided by: Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated healthcare websites that provide the lowest available rates.

Who Is A Key Employee In 401K?

It is easy to buy your own health insurance. Many top-rated insurers offer affordable plans that will provide comprehensive coverage. Finding those plans is easiest when you utilize an experienced broker and/or their website. You can quickly compare rates and benefits from the best insurers in your area and apply online. There is no cost and you'll have free unbiased advice from a seasoned veteran available at any time.

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

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