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What Are The Advantages And Disadvantages To Long Term Care Insurance? | The advantages of coverage in your senior years can be significant based on the average senior couple spending $ 250,000 in medical costs during their retirement years . The disadvantage is the loss of economic opportunity to invest or save the premium dollars spent on long term care insurance if you never use it . | Yes , Long Term Care premiums can be deducted under schedule A -LRB- itemized deductions -RRB- of your form 1040 . If you add your Long Term Care premiums to your other health insurance premiums , co-pays and out of pocket expenses , you can deduct the amount that exceeds 7.5 % of your adjusted gross income -LRB- AGI -RRB- . |
Why Do People Not Plan For Retirement? | Western human behavior is to live for the moment . And with so many cultural expectations that cost money , retirement funded takes a back seat to immediate gratification . Retirement seems so far away for the Millennial generation that it 's almost unreality . But many baby boomers have discovered that time waits for no man and retirement is suddenly upon you and staring you in the face . | In order to process the claim on a life insurance policy , you need to request claim forms from your agent or life insurance company , fill them out , and return them with a certified death certificate . Getting the death certificate -LRB- the funeral home will often handle this for you -RRB- can take a couple of weeks . Once all that is submitted to the insurance company , the death benefit is usually paid fairly quickly . |
Does CVS Offer Health Insurance For Part Time Employees? | Good Question . Most employers set their own guidelines for who would qualify for coverage . Some factors are , how many hours worked , etc. . Some employees have to wait a certain amount of time before qualifying . Keep in mind , you can apply for your own individual health plan that you manage and in the event that you change jobs , you wo n't have to worry about loosing your health plan . | Many homeowners policies have a provision that adjusts the amount of coverage each year to reflect the increases in cost of construction . This will add about 3 % to the premium each year . Your home ages by one year every year . Many companies have a factor tied to the age of the home which increases the premium slightly . If the company has paid a claim on the policy there may be an increased based upon an experience factor . Occasionally the fire rating for a certain geographical area will change which also affects the premium . The company could experience losses in excess to the total premiums in which case they can file an overall rate change with the state insurance commissioner . |
Will Life Insurance Know If I Smoke? | Will life insurance know if I smoke ? Well , depending on how much coverage you purchase , if anyone else knows you smoke chances are they will too . First off , most insurance companies ask for an attending physicians statement and chart notes . So if you 've told your doctor , you smoke . Second , many plans require labs so if you smoke it will show up in your labs . And finally , some states have enacted laws that skip the two year contestability clause on life insurance when the applicant lies about smoking . These states view this as no contract was formed and wo n't let the carrier pay a reduced benefit . Just a return of premium . | Great question ! Absolutely ! Very often spouses will be on the same policy , especially if the insurer gives discounts for multiple drivers or bundled policies . Parents can add children also , for example . Beaware that each additional driver will add cost to the policy , and that if they are younger , or have had a less than perfect driving record , that the cost could be fairly high . If you would like more info , please contact me , I 'd be happy to help ! Thanks for asking ! |
Will Life Insurance Know If I Smoke? | For the most part , when applying for Life Insurance , there are questions on the application that relate to smoking and the use , or past use , of tobacco products . IN addition , it is pretty common practice to include a paramedic review and visit and they may conduct an oral swab or be required to draw a blood sample and or urine specimen for lab analysis . If an attending physician 's report is needed for underwriting , they will also be requested . The Life Insurance company will learn if you are a current tobacco user . | There are two popular and entirely different purposes to calculate present value of annuities . 1 -RRB- * Calculating retirement funding needs . Suppose you are planning to retire next month and want to purchase a fixed annuity with guaranteed interest rate of 3 % that will immediately start providing you with $ 25,000 of annual retirement income over the next 25 years . Being able to calculate present value of annuities helps you see the lump sum you will need to pay for your annuity -LRB- in this case , approx $ 435,330 -RRB- . 1 -RRB- * Calculating loan payments . Using the same example in reverse , let 's say you had a $ 435,330 mortgage at 3 % and you wanted to pay it off in 25 years . Purchasing an annuity for that amount would allow you to make payments of $ 25,000 per year for the next 25 years . * Both of these are overly simplistic examples . Talk to a licensed agent versed in annuities for specific annuity details . |
Will Life Insurance Know If I Smoke? | Life insurance agents and underwriters do not have a crystal ball that reveals that you had a cigarette that morning . But they do all they can to find out if you are a smoker , and rely on your honesty for the rest . Blood tests , urine tests , swabs , questions on the application , phone interviews , doctor records ... nearly all policies use one or more of these methods to determine if you smoke . It 's best to just fess up , and then if you quit , apply for a nonsmoker rate a year after you quit smoking . | If you own a business and your business form is a C Corporation , if you pay your LTC premiums through your business , 100 % of the premium paid will be tax deductible . If you are an S Corp. , LLC , Partnership or Sole Owner , a portion of the premium may still be tax deductible to you . |
Will Life Insurance Know If I Smoke? | That 's an interesting question ! Are you contemplating not being truthful ? While you can probably get away with answering falsely on your application , you will certainly run into trouble if there are tests , or previous doctor visits on your record that list you as a smoker . -LRB- They will do a check of every previous medical issue that you 've had , along with your prescription history -RRB- . You will also have problems if the cause of your death is listed as a smoking related issue . Would n't it just be better and own your smoking and be honest ? If you want to really save money , drop the $ 6/pack habit -LRB- $ 2190/year at a pack a day -RRB- and the $ 12,345 per year associated health costs of smoking , and not the extra $ 120 or so you 'd pay for insurance . I hope that helps , thanks for asking ! | Property insurance is based upon the concept of shared risk . That means that the chances of experiencing a fire that would destroy your home are really low , however , if that were to occur the loss would be quite high . Others property owners face a similar dilemma . If you could share your risk with others you would pay a small amount to avoid losing a large amount . When risk is shared it is considered a pool . Insurance companies form pools and allow people to share the risk of a large loss in exchange for a small loss , the property insurance premium . The amount of this insurance premium is determined by professionals known as actuaries who compare the loss history of millions of pieces of property to develop statistical probabilities of loss for a certain defined piece of property . Additionally they compute the probabilities of different pieces of property and calculate a premium for those losses as well . If you have a home in the forest and I have exactly the same home but live in a suburb the chances are greater that you would experience a catastrophic loss than that I would . This difference is developed mathematically by reviewing millions of losses over a long period of time . As a result we can both be in the same pool but you would pay more than me because you represent a greater risk to the pool . In order to be permitted to do business in your state the insurance commissioner of your state must approve the premiums charged by your insurance company . The commissioners chief concern is that the insurance company is able to meet the promises that it makes . Comparing the losses sustained over time with the premium income of the company helps the commissioner determine the ability of the company to keep its promises -LRB- even in very trying times . -RRB- This then develops into the premium that the company charges you for coverage . It is based on statistics and the companys experience and represents your share of the cost of insuring a pool of risks so that there is sufficient money to take care of a catastrophic loss or anything in between . |
Will Life Insurance Know If I Smoke? | Every Life Insurance company and application will ask if you are a smoker or a non smoker , which you as a applicant will answer . Most companies will require the agent to do a tobacco swab test at the time of application to assure accurate information is being received and reported by the agent . Many times the company will require a urine or blood test to be collected also . In addition they can request a copy of any doctors records . I have know of policies that were cancelled and ever that did not pay at death because the truth was not given at the time of application . Smoking rates can be much higher , however the truth usually does come out in the reviews of the information collected . | If there were 100 insurance agents in a room and you asked if any of them planned to be an agent prior to reaching age 21 , you might get one hand , the son of an insurance agent . This is not a career that requires formal education . There is a great deal of formal education available but it is not required to start . |
Will Life Insurance Know If I Smoke? | You will be asked whether you smoke on the policy application . Also , you may need to submit to a medical exam which may include a urine and/or blood sample . These tests are designed to detect the presence of cotinine in your system . Smokers pay much higher premium rates . If you lie about smoking on your application , and die during the policy contestability period , the insurance company can deny your claim . | You can switch your auto policy at any time . The most popular motivation to switch insurance carriers is price . People are looking for the best price for there insurance all the time . Other reasons to switch would be a new car purchase or moving to a new state . Switching carriers is easy and there are many to choose from . Shopping your auto insurance around is a great idea to compare prices . Using and agent can help you find insurance carriers that you normally would not have access to but going direct to and insurer online is also beneficial cutting out a middle man and getting quotes instantly . Be sure to check the term dates , is it six months or a year policy ? This can effect the way you compare the premiums . You will want to match your old coverage with your new quotes . Make sure the coverages are the same or similar this can prevent a coverage gap where you thought you had coverage . If you new vehicle is n't so new any more you may want to lower the amount of coverage on a particular vehicle . This can help lower your premium on the new policy or you can amend you current one . So while you can switch you insurer at any time do your research and make sure that it works in your favor . |
Will Life Insurance Know If I Smoke? | A life insurance application contains a number or representations . One representation is the answer to the question , Have you used tobacco products in the past two years ? If you lie on the application the company would have grounds to rescind the contract . If you apply for amounts of coverage above certain levels you might be required to submit blood or urine specimens . These tests can identify use of tobacco . | The PPACA , or better known to the public as Obamacare , will be implemented six months from now . The intent of the legislation is to provide health coverage for every American at an affordable price , supposedly lowering current premiums . Most economists and some government agencies predict that Obamacare will cost much more to operate than previously thought and will impact the economy adversely . Keep in mind that this is a federal program . Any short fall of the program will be borne by federal income tax payers . Only 53 % of Americans pay federal income taxes . Taxes will increase or the U.S. debt will increase or both with the imposition of Obamacare . |
What Does Dave Ramsey Say About Disability Insurance? | Dave Ramsey expressed an opinion about Disability Insurance in April of 2011 that you can read here : WEBSITELINK In a nutshell , he recommends having Long Term Disability Insurance due to the devastation caused by becoming disabled and the chances of it happening . | That 's a great question ! You can , but unless you really need to , it might make more sense to wait until the claim is settled . As long as you are a client during the claim process , the company pushes things through for you in a timely fashion . It might make sense to wait . Thanks for asking ! |
What Does Dave Ramsey Say About Disability Insurance? | Another good source to read -LRB- from Dave Ramsey -RRB- is this : WEBSITELINK . He goes in depth about the top four must-have insurance policies , along with why each is necessary . As Peggy said above , Dave Ramsey DOES suggest you get long term care insurance , and that you should start bygetting it from your work , if possible . | Most advisers begin addressing long term care insurance with the clients around age 50 . But the buying public tends to purchase long term care insurance around age 60 . A couple of considerations here : You want to buy long term care when your healthy an relatively young to afford the premiums . But even if youre healthy , whats the predisposition of your family regarding assisted living and nursing home confinement ? If theres negative health history , then buying long term care earlier may be more prudent . |
How Good Is AARP Health Insurance? | AARP Health Insurance is actually through United Healthcare . It is usually referred to for Medicare Supplement Insurance for people over 65 . Depending on which plan you pick , it is great insurance . However , the plans are standardized so Plan F would be the same regardless of the carrier . It would make sense to compare all the carriers in your area for the type of plan you want . If you work with an independent agent they should be able to show you most of the major top rated carriers and save you a lot of time . | Selling life insurance is a good career opportunity for someone who is very motivated , personable and financially savvy . It is a career that you can get into without having a college , or possibly even a high school , education . However , it takes tons of support , time , and determination . If you can afford to spend a year with very little income , go for it ! You will never know unless you try . |
Where Can I Apply For A Medicare Card? | Enrollment in Medicare is usually automated up on person reaching age or qualifying status . If for some reason individual does not receive Medicare Card or automatic enrollment does not occur , you can apply for it in your local Social Security Office . This link will help you find local Social Security Office WEBSITELINK . Also , CMS site has a lots of useful information regarding Medicare , here is link WEBSITELINK . I hope this helps . | When it comes to plumbing problems homeowners insurance does not actually cover pipes . However if a pipe bursts and damages the dwelling there is coverage for the water damage on most polices , just not the pipe . So if your water main is leaking and there is no damage to the dwelling there would be no coverage . |
Does Renters Insurance Cover Lost Food From A Power Outage? | It may , many homeonwers policy 's provide limited food loss coverage and a renter 's policy is very similar to a homeonwners policy . 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 . | To obtain health insurance coverage , you may contact an agent that is licensed in California . Some agents may sell health insurance for different companies , while others may be restricted to only one company . Or , you may go online to the health companys website . To obtain the most accurate quote , have ready your residence address , the age or date of birth of everyone needing insurance , and possibly a list of any major medical conditions that may effect your policy . If you have a preferred health care provider , be sure that the plan you are looking at is accepted by your doctor and hospital that you prefer using . Once youve decided on where you want your coverage from and what you want covered , you will need to submit an application . Most companies do these online or over the phone . Expect the application process to take anywhere from 10 minutes to an hour , depending on questions asked and the answers provided . Information needed will include names , dates of birth , social security numbers , drivers licenses , medical conditions and a list of current medications . Some companies will follow up with reports from your health care providers . Once all information has been reviewed by the health insurance company , a policy will be sent . In some cases a counter proposal may be sent . Your insurance agent will go over the proposal with you and will let you know what steps need to be done to complete the policy . |
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 . | That is a great question , and I sincerely hope that you are just asking , and really do n't need to know . If you have comprehensive coverage on the car , it should be covered . I 'd check out what your deductible is first , and what the repairs will cost before filing a claim though . If the repair cost is less than your deductible , or close , you may want to skip the claim , and avoid a possible rate increase . You would have to pay the deductible first anyway . Good luck , and thanks for asking ! |
What Company Has The Cheapest Long Term Care Insurance In Colorado? | The cheapest long term care insurance company in Colorado varies according to the person who is applying . Some companies are better at older ages ; some are better for couples . Some are better for -LRB- or are the only ones that will take -RRB- certain health conditions . Some offers certain features at a lower price than others . To find the cheapest long term care insurance for you , contact an agency that sells a variety of long term care companies in Colorado and review your health and all the features offered with a knowledgeable agent . Together , you can work out which has the lowest price for what you qualify for and what you need . | Comprehensive coverage applies to damage to your vehicle for anything other than a collision . Some examples would be hail damage , animal strikes , windshield breakage , or vandalism . Auto insurance is divided into the Liability portion and the damage to your auto portion . Liability is what many states require and what you need to drive another car . Collision and Comprehensive may cover another car only in certain circumstances such as temporarily renting a vehicle . Usually to have Comprehensive coverage you would also have liability coverage as well unless you are storing your vehicl . If you are going to drive the vehicle or any vehicle you need to carry liability . |
Why Is Whole Life Insurance More Expensive? | Whole life polices run for your whole life . Now this may not be exactly correct as there really is a cut off which varies by company . Say up to 120 years old . However this is much different then term polices that are for a specific term which could be 10-30 years and then run out . After the term is run out you have tore-qualifyshould you wish to continue with lifeinsuranceThe advantage of whole life or universal life is that you qualify at the age you sign up and the rate for the most part never changes . So in the end whole life can actually be less if you keep the policy for the long run . Also some polices have a cash value . All these details need to be gone over with an agent to determine what your actual need is . | There are three main types of life insurance and they have three different intended lengths . Whole-Life Insurance - Designed to stay in force until you die regardless of how long you live . Most people pay a premium on whole-life their entire lifetime but many will pay it in full within 10-years or 20-years . Some pay it with one single premium . Term Life Insurance - Term is a policy that you decide how long yopu want to keep it when you buy it . Most people buy it for either 1-years , 20-years or 30-years . If you try to keep term life insurance too long you will pay a LOT of money to keep it going in the later years . That is usually the result of bad planning . Universal Life -LRB- aka : Flexable Premium Life -RRB- - You COULD keep this policy going for as long as you live but the premium will usually go up a lot unless you die at a younger age . You can change the amount of premium you pay with these policies since they do not have a lifetime rate guarantee . Many people consider these to be time-bomb policies if they are not reviewed and adjusted regularly . |
Why Is Whole Life Insurance More Expensive? | Whole life insurance is designed so that the premiums never go up and you will have coverage until you die , whatever the age may be . As a result the premiums are based on life expectancy and evened out over that period of time . You pay more in the early years but in later years you actually pay less than term . The excess in the early years is what helps build cash value . Term insurance generally will go up after each term period to the point where in later years it becomes unaffordable It depends upon the reason for the insurance as to which is the better option . Temporary needs are best addressed with term , while permanent needs are best addressed with whole life . | There really is no way to estimate Medicare premiums or deductibles from year to year . Every year Congress decides what next years Medicare Part A and B deductibles will be as well as your share of the Part B premium . There is no rhyme or reason to their decision as the change has become a political move not one based on the cost of medical care . |
Why Is Whole Life Insurance More Expensive? | Whole Life -LRB- AKA , Ordinary Life -RRB- is more expensive because the insurance company is accepting a higher risk to provide the guarantees of contract . There are primarily two types of whole life contracts that guarantee both the face amount -LRB- death benefit -RRB- to the beneficiary and the internal tax-favored build up of cash values . Participating whole life offers the insured the opportunity to `` participate '' in the financial success of the underwriting carrier by providing the possibility of receiving a dividend at the end of each policy year . Dividends are not guaranteed and while they are presented as a percent -LRB- example : 5.2 % credited dividend rate -RRB- , they are not the same as simple interest . It involves a formula that takes into account the cash values in the in force policy along with the investment returns and claims experience of the insurance company in any given year . The policy owner can direct the company to use the dividend in any one of four to six ways , depending on the carrier . All but one of those options will not produce an incometax event . -LRB- Taking the dividend as cash , however , will . -RRB- Most whole life policyowners either choose to have the dividend purchase paid up additions of insurance -LRB- increasing the death benefit as well as the cash value of the policy -RRB- or to reduce premium with excess to purchase paid up additions . Non-participating whole life or interest-sensitive whole life does not pay a dividend . But , it most likely does provide some level of a guaranteed death benefit and guaranteed cash values . Some whole life policies now provide the opportunity to over-pay the guaranteed level premium for a period of time to turbo-charge the growth of the cash value which grows tax-deferred . This requires the addition of a paid-up additions rider -LRB- PUAR -RRB- and there are limitations on how much over-payment one can make . This capability has been touted by some financial planners as a way of being your own bank because access to and repayment of cash value loans are tax-favored . One avoids a lengthy wait for approval that a bank would need to approve a loan , as well . -LRB- Go to Amazon.com and search `` be your own bank '' for more details . -RRB- In the current unstable economic environment we are in , whole life hasexperienced a comeback in sales due to the safety and security of this type of insurance contract with tax-deferred inside build up of cash values producing rates of return higher than other fixed interest financial vehicles . However , some analysts minimizethose perceived advantages because historically market returns exceed cash value build up , and there can be dire consequences to the policy if cash values are not managed prudently . Reckless use of taking loans can result in the death benefit being greatly reduced or cause the policy to lapse with little or no value . Whole life is not suitable in all circumstances calling for the application of a life insurance policy . Those seeking direction and guidance should consult with an experienced insurance professional or knowledgeable Certified Financial Planner or other advising professional before purchasing any life insurance contract . | Your health insurance plan should cover most of your medical related claims while traveling in Japan -LRB- or any other country outside of the US -RRB- . Most US health insurance plans work as reimbursement contracts outside the United States . It is always a good idea to purchase an international travel medical insurance policy to cover items not included in your major medical plan . |
Why Is Whole Life Insurance More Expensive? | Another way to look at the issue of whole life 's apparent high premium is to examine the difference between whole life , or any permanent -LRB- cash value -RRB- life policy , and term . Consider the purpose of the cash value . Cash value is representative of the policy reserves the insurance company establishes with the premiums they collect to pay claims . The premium on cash value policies is higher in the early years than what is needed to pay claims so it adds to the reserves for later when the premiums are less than the pure cost of insurance later in life and claims increase . In simplified terms , as one approaches age 100 , the cost for term coverage at that age is prohibitive -LRB- effectively $ 1,000 per $ 1,000 of death benefit -RRB- yet the level annual premium on the permanent policy purchased many years before is unchanged . The premium you pay for permanent life insurance ensures coverage can not be outlived like term insurance which almost always expires before you do . | Homeowners policies cover your `` dwelling '' and that would include any service equipment which is physically attached to the dwelling including boilers used to provide heat . Assuming you have a standard Homeowner Policy Form # 3 or its ' equivalent or better , the boiler would be covered for `` risk of direct loss '' unless specifically limited or excluded . You will find an exclusion for any loss `` caused by '' wear and tear , mechanical breakdown and such but note this exclusion does n't exclude any loss `` resulting from '' mechanical breakdown or wear and tear to your boiler . So I would conclude your homeowner 's policy should provide coverage for your boiler should it be damaged from some external cause and also for damage `` resulting from '' any internal cause . |
Why Is Whole Life Insurance More Expensive? | A simple answer : Whole Life you are guaranteeing the premium/death benefit & the cash value . Universal Life , you can guarantee the premium/death benefit but not the cash value . Term of course has not cash value unless you are talking about a Return of Premium policy . With Whole Life you can see in the future what exactly the cash value will be . With the Universal Life , you can get a projection of what it will be . Generally speaking , Whole Life is 20-40 % more expensive than Universal depending on your age and health status . | Unified national offers short term and limited benefit indemnity based health insurance plans . Short Term plans are made to cover people that recently lost coverage or just need coverage for a few months up to 1 year . Limited benefit plans pay a set dollar amount out towards claims costs . They can help offset costs to an extent but will not provide any type of adequate coverage for a large claim . In general , these plans will not meet the ACA definition as a compliant plan and will not waive the ACA `` Obama Care '' penalty as a result . Multiplan is a national network of doctors that Unified rents so they have a network that can be used . They are a separate company from Unified and are just in the business of renting their network of doctors out to insurance companies that do not have their own network or have a regional or limited network they want to supplement . |
Which Is Best Policy For Life Insurance? | There is no one policy that is the best for everyone as we each have our own needs and purposes for buying life insurance . Some may buy life insurance because they just got married , some because they have a new child , some for estate planning , and some for income replacement , just to name a few reasons why people buy it . In evaluating which is best for you , there 's a number of factors to consider such as what type of coverage do you want/need , the reason you want to buy it , how much coverage and for how long -LRB- e.g. term vs. permanent -RRB- , premium affordability , health status , where you live , and others . One of the first things you need to do is identify the risk classification you qualify for . The risk classification is critical because this determines what the premiums will be for the policy you 're applying for.This is where insurance brokers are essential in your pursuit of coverage . They have the knowledge to guide you through the process and help you find the policy that 's going to be most suitable for you . If you would like assistance or have any questions about life insurance , send me a private message . You can also visit my website , www.TermInsuranceBrokers.com , for input as well . | Term life insurance takes all the premiums you pay for your policy , and applies it toward `` pure '' life insurance protection . That means that the only purpose of the policy is to pay your beneficiary upon your death -LRB- assuming you are the insured person -RRB- . Period . Permanent insurance charges more so that the policy can accumulate cash value , possibly pay dividends , and -LRB- usually -RRB- stay in effect for the rest of your life . Term life insurance does not do any of those things . It charges the least possible amount so that your beneficiary will receive a death benefit if you pass away within a certain number of years . |
Which Is Best Policy For Life Insurance? | There are a number of factors that go into choosing the right life insurance product , including age , health , income needs , and current or expected debt . There is no `` One Size Fits All '' insurance policy , period . The best option for choosing the right life insurance policy for YOU is to sit down with an insurance professional and discuss your specific situation . | Because long term disability insurance provides protection for a certain period of time it hasnt any cash value and could not be considered an investment . Long term disability insurance protects what is most peoples most important asset , their ability to work . If people depend upon your ability to work , a disability policy must be considered . It is much more likely that you will experience a long term disability than it is you will die before a given age . Disability is living death in that there isnt any income and yet you remain as a consumer . It is extremely popular coverage among professionals . |
Who Gets Life Insurance If Beneficiary Is Dead? | If the beneficiary is deceased and there is no secondary beneficiary named then the proceeds would go into the estate . This means that the life insure will now become subject to probate . I highly suggest naming a secondary -LRB- contingent -RRB- beneficiary to your life insurance policies if you have n't already done so . If you can not find your agent , call the company and they can send you the forms . If you still have problems a good experienced agent can help . | Collision coverage pays for loss or damage from collision of the insured car with another vehicle or object . This includes upset of the insured car . This coverage applies regardless of who is at fault . Comprehensive - otherwise known as `` Other than Collision provide coverage for loss from : Missiles or Falling Objects , Fire , Theft or Larceny , Explosion or Earthquake , Windstorm , Hail , Water or Flood , Malicious Mischief or Vandalism , Riot or Civil Commotion , Contact with Bird or Animal , and Breakage of Glass . Collision and Comprehensive coverage typically must be purchased together . Remember every policy is different , contact your local agent to find out what is offered in your area with specific companies . |
Who Gets Life Insurance If Beneficiary Is Dead? | A life insurance policy or an annuity will allow you to have multiple beneficiaries , which you can change when and if you need to -LRB- death of a beneficiary , divorce and so on -RRB- . You should always have more than one beneficiary . Sometimes though it may be hard to think of more than 1 beneficiary , so the answer to the your question of who would get the proceeds of your life policy if the beneficiary is dead and you pass away is , your estate . Your estate consists of all of the property and savings you own and will be dispersed according to your will . If you have no will then the Probate Court can decide who of your relatives will receive your estate . | Long-Term Care insurance with most major carriers has many variables and options , one of which is the number of months/years of the benefit period . It is very important to understand exactly how the benefit period is determined , with the major difference being whether the benefits is based on daily benefits or monthly benefits . If your policy has monthly benefits , you have more flexibility in how you can use the benefits especially in regards to home health care . And if you do n't use all of your monthly benefit amount , the months/years of the policy can be extended out to last longer . |
What Happens To An Annuity When You Die? | This depends on what is happening with the annuity when someone dies and what type of annuity -LRB- owner or annuitant driven -RRB- we 're talking about . For an annuity that is not paying income and the owner is the annuitant -LRB- i.e. the type of contract wo n't matter -RRB- , the cash value of the annuity will be paid to the named beneficiary -LRB- ies -RRB- in the contract . If the annuity have been annuitized -LRB- i.e. is paying an income stream -RRB- the chosen option will determine what happens . For life only annuity payments , the payments will stop and no further money will be paid out . For period certain annuities , the income will continue until the period certain has ended . For life with a refund -LRB- installment or lump sum cash -RRB- than the refund will pay the the named beneficiary -LRB- ies -RRB- until the cash value of the annuity has been paid out in full to the beneficiary -LRB- ies -RRB- . | It depends upon your age , time to retirement , tolerance for risk and your ordinary income tax bracket . Some conservative savers life a locked interest rate of a fixed interest rate and like the fact that you pay taxes only when you use it , unlike CD interest that is taxed whether you use it or not . Some seniors like the guaranteed income they cant outlive with lifetime immediate annuities . Some midlife savers like indexed annuities while midlife investors like variable annuities . It depends on many factors to arrive at a right annuity purchase . |
Is It Illegal To Drive Without Car Insurance In Michigan? | In the state of michigan it is illegal to drive without insurance . Insurance in Michigan has personal liability and property damage which if in a accident and you hit something and do damage it will cover your damages to property and if you are hurt in a accident and do n't have medical insurance it will cover you medically | I do n't have many details , but I can imagine that you would need a TON of money to meet reserve requirements , a TON of permits/licenses , a TON of legal documents created for the business , just to name a few things . In short , there 's a lot of start up money that would be necessary to start that kind of business . Your best bet regarding what requirements would be needed would probably be calling up your state 's department of insurance - I would think that would be a reasonable starting point or they may at least be able to point you in the right direction . Sorry I ca n't be of more help on this question . |
Can I Purchase Life Insurance For My Parents? | You can purchase life insurance for your parents if they give their permission by signing the application and submitting to any underwriting requirements -LRB- such as exam , if one is required -RRB- . The amount you can get on them will depend on how much income they make , their assets , and any financial relationship you may have with them . | Great question ! The zip code or post code is used by the insurance company to assess the risk for where you live . Some places have higher instances of auto theft , accidents , or uninsured motorists , and insurance rates in those areas will reflect that in higher rates . The opposite is true - if the area is quiet , low crime and low accident rate , your risk is assumed to be lower , and as a result so will your rates . If you need more information , please do n't hesitate to contact me , I 'm happy to help . Thanks for asking ! |
Can I Purchase Life Insurance For My Parents? | You can purchase life insurance for your parents since you have an `` insurable interest . '' Some of the more common reasons are for estate preservation or to take care of final expenses . You can also be the premium-payer , and as the owner , determine the beneficiary , and change it at any time . Typically , death proceeds are tax-free and avoid probate . Getting the best rates on this type of coverage is important . As an experienced broker , our job is to shop the top-rated companies for you , and present the best options , based on the criteria you have provided . With more than 32 years of experience , my website is one of the most respected resources in the life insurance industry . | If you have an equipment breakdown endorsement on your homeowners policy then it may less your deductible , but in most cases this would not be covered under your homeowners policy . 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 . |
Can I Rent A Car Without Car Insurance? | That is going to depend on the rental car company . Most rental car company 's are going to require any party that is renting a car from them have auto insurance coverage . If you do not have auto insurance and need to rent a car , it is possible that the rental company can provide coverage on a temporary basis . | Group health insurance is a health insurance policy or plan -LRB- depending upon how it is funded -RRB- that is provided by an employer for its employees or through an organization such as a labor union for its members . In a group health insurance policy situation the employer is the actual policy holder and its employees and covered dependents are subscribers who receive a certificate of coverage . In this context the employee 's health insurance is tied to their place of employment and while -LRB- depending upon the size of the group -RRB- there are state and federal laws that allow for an ex-employee to continue their coverage through the group plan for some defined period of time , eventually a former employee will lose access to their ex-employer 's group plan and have to replace it coverage from a new employer or individual health insurance . With the latest round of implementation of the Affordable Care Act -LRB- ACA -RRB- effective January 1 , 2014 group health insurance is in many ways more complicated than ever before . For instance , employers in the 2 to 50 employee market segment in the vast majority of statesnow operate in a community rated situation and are finding that new benefit plan designs are being presented to them that may differ significantly from their current rate structures and plan designs . Fully insured ACA compliant health plans for the 2 to 50 market segment are now guaranteed to be issued , are not subject to underwriting and can have no pre-existing condition exclusions or waiting periods -LRB- just to highlight some of the most major changes -RRB- . Larger sized groups , while they are certainly impacted by the effects of the ACA , are still operating under a mix of the old rules and the new ones . So , right now groups with 51 + employees are still subject to underwriting , though the new ACA rules will be migrating up the ladder to apply to groups in the 51 to 99 employee range in the future . There will be groups who will be winners and losers under the requirements of the ACA and depending upon the composition of the group and its average income levels for its workforce , some employers may find that providing group health insurance is no longer in the best financial interest of many of their employees when compared with the subsidized individual health insurance that many of their employees could qualify for . If you are an employer faced with these issues and are looking for experienced guidance on these matters please feel free to contact me for a consultation . |
Does Home Insurance Cover A Roof? | Yes . Unless specifically stated in your policy , your roof will have the same coverage as the rest of your home . Because claims involving a roof are very common , an insurance company will pay close attention to the characteristics of your roof . If you have any existing damage , wood shake shingles , or a flat roof you will have a more difficult time finding a company to insure you . | If you are lucky enough to work for an employer who pays 100 % of the employee rate for the group health insurance they offer -LRB- pretty rare these days -RRB- then standard group contracts require all eligible employees to be enrolled . So , in that circumstance you might get health insurance coverage whether you want it or not . If you have to contribute towards the cost of the health insurance provided by your employer then you have the right to waive participating in your employer 's group health plan . I will presume , though , that your question is really about the `` Individual Mandate '' provision of the Affordable Care Act -LRB- ObamaCare -RRB- and its requirement starting on January 1 , 2014 that a person have health insurance coverage that meets the minimum essential benefit requirements under the law or be subject to the `` Shared Responsibility Payment '' -LRB- does n't that sound better than tax penalty ? -RRB- on your income taxes . ObamaCare does give you the choice of either getting health insurance coverage or going without coverage and potentially being subject to a tax penalty . In that sense you can opt out of having health insurance coverage . But wait there 's more ! The Affordable Care Act provides for persons in certain situations or who are members of certain groups to be exempt from the individual mandate requirement . Some examples are ; 1 -RRB- If the cost of coverage for you is more than 8 % of your annual household income 2 -RRB- If your annual income is below the threshold where you have to file personal income taxes 3 -RRB- If you qualify for a `` hardship '' exemption -LRB- this can be an escape route for many people -RRB- 4 -RRB- If you have had a gap in being covered of less than 3 months during the tax year 5 -RRB- Members of religious groups that object to coverage on religious grounds 6 -RRB- Members of non-profit religious organizations where members share costs 7 -RRB- Prison inmates 8 -RRB- Non U.S. citizens 9 -RRB- Native American tribe members 10 -RRB- Year long residents of U.S. territories such as Puerto Rico and Guam What could be more simple ? I hope this helps answer your question . |
Does Home Insurance Cover A Roof? | Your Home insurance cover your roof for perils covered with your policy . It will not cover normal wear and replacement . So if your damage is caused by wind , fire or hail for example , it would be covered . If your 30 year shingles are 35 years old and starting to buckle from age they will not be . | There are many contributors to this website that offer free life insurance quotes on our own business websites . Some , like ours , will even give quotes for certain health conditions . Keep in mind that accurate quotes are dependent on variables that can not possibly covered with an online quote engine , unless that quote engine is for a specific simplified issue -LRB- no exam -RRB- product . Quotes can be firmed up by additional questions asked over the phone or by email . To get the lowest priced quotes for your unique profile , contact an agency that is reputable and knows how to match you up with the companies best suited to your health , age , build and tobacco status . |
How To Evaluate Term Life Insurance? | Remember that Term is temporary , so evaluate your need and how long you will need it . If you truly buy term and invest the rest , then perhaps when you are years older , you will have set aside enough funds to fully protect your family at that time . For now then , you need insurance to protect your family due to your lack of accumulated funds . Figure out the number of years it may take to have enough funds . That would be a reasonable term for your term insurance . Or figure out when the kids may be out of the household and independent . Or if your spouse works , when they may have accumulated enough to be self sufficient . The longer the term , the more expensive it is per year 's coverage , so be reasonable . Most opt for 20 year term , although longer is available from many companies . Go with a company you can count on . How long have they been in business ? Will they be there for you ? What is their reputation for paying fairly and quickly ? Talk with your agent for the best price , for what is truly the best coverage . Quality is at least as important as price . Thank you . GARY LANE . | How do you say `` no '' to an insurance agent ? Simply have a solid workable plan in place that you understand and can explain easily . :-RRB- Most experienced agents can take `` no '' for an answer if they know the prospect has actually put things together in a sound manner and understands what they have . It only gets hard to say `` no '' if you doubt what you 've done so far . |
How To Evaluate Term Life Insurance? | In evaluating Term Life Insurance , make sure that the policy is guaranteed , not just assumed to be guaranteed . By this I mean , check to see if the premium is guaranteed to not go up for the entire term , and that the face amount will not go down for the entire term . Evaluate the life insurance company , to make sure it is rated at least A by AM Best . Finally , evaluate the agency you purchase the policy through , to see if they are trustworthy , have a lot of complaints , and will be available to help you with questions or service requests down the road . Clues as to reputability for online agencies are how long they have been in business , whether they introduce staff members on their web page , if they are part of the Better Business Bureau , etc. . If you cover those three bases , you should make a good choice in term life insurance . | No , auto insurance does not have a grace period . If you are late with a payment and are involved in an accident the company does not have to pay the claim . Also missing a payment could affect your rates if you have tickets since the company will run a Motor Vehicle Report before reinstating your policy . |
How To Evaluate Term Life Insurance? | Is it really as simple as comparing the initial rates ? Unfortunately , no , there are a number of factors to consider depending on what your objectives are . Here are a few : Length of term Rates at renewal what are they and are they guaranteed . Is there a possibility of needing permanent coverage ? If so is conversion available , what products can you convert to . Take a look a the insurance company offering the coverage . An independent insurance agent / broker can help you find the right product at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . | It is best to talk to your Insurance Professional about the specific terms and conditions of your policy . Different insurance companies may have different rules and rates filed with your state 's Insurance Department that may outline how they handle Hurricane damage . Some may cover it broadly , others may differentiate between hurricane and wind storm and still others may not cover it at all depending upon where you are located . |
How To Evaluate Term Life Insurance? | With term insurance , you 're getting a lot of `` bang for your buck '' because you 're only buying the coverage for a limited amount of time . There are hundreds of insurance companies in the market that offer term life insurance . One thing you do NOT want to do is just apply to a bunch of companies at the same time . This can often hurt you in your pursuit of coverage because it can be a `` red flag '' to an insurance company -LRB- so-to-speak -RRB- . A critical factor in determining which carrier 's policy is going to work best for you is the risk class they will offer you -LRB- the risk class determines the premiums for your program -RRB- . Each insurance company has their own set of underwriting guidelines so you may not get the same risk class offer from one company as you would from another . Some companies are conservative in their underwriting -LRB- meaning they have stricter underwriting requirements -RRB- and others can be more aggressive -LRB- meaning they have more lenient underwriting -RRB- . For example , company A may offer a given medical history a preferred risk class while company B could easily offer a standard risk class -LRB- requiring much more in premiums for the same coverage -RRB- . I 'd recommend working with an independent life insurance agent/broker . Doing the research on your own can be extremely time consuming and you may not always find the information you 're looking for . Independent brokers have an extensive knowledge of the subject matter and know the differences between products that are available in the marketplace . Brokers can help you through the entire process from start to finish . This includes helping you determine how much coverage is suitable to what you need the coverage for and how long you should have it in place for through an insurance needs analysis , provide quotes from multiple carriers and compare the options with you , track the application while it 's in underwriting and provide assistance on future needs as well . | A renters policy is purchased and owned by you in order to protect your personal belongings and financial exposure . You are both the named insured and the payer for that policy . Talk to your Insurance Professional about the options that best meet your needs and suit your budget and do n't forget to ask about any available money saving discounts . |
How To Evaluate Term Life Insurance? | With term insurance , you 're getting a lot of `` bang for your buck '' because you 're only buying the coverage for a limited amount of time . There are hundreds of insurance companies in the market that offer term life insurance . One thing you do NOT want to do is just apply to a bunch of companies at the same time . This can often hurt you in your pursuit of coverage because it can be a `` red flag '' to an insurance company -LRB- so-to-speak -RRB- . A critical factor in determining which carrier 's policy is going to work best for you is the risk class they will offer you -LRB- the risk class determines the premiums for your program -RRB- . Each insurance company has their own set of underwriting guidelines so you may not get the same risk class offer from one company as you would from another . Some companies are conservative in their underwriting -LRB- meaning they have stricter underwriting requirements -RRB- and others can be more aggressive -LRB- meaning they have more lenient underwriting -RRB- . For example , company A may offer a given medical history a preferred risk class while company B could easily offer a standard risk class -LRB- requiring much more in premiums for the same coverage -RRB- . | When the primary beneficiary predeceases the insured of the life insurance policy , then the contingent beneficiary would receive the proceeds upon the insured 's death -LRB- you can also set up a tertiary beneficiary in the event both the primary and contingent beneficiaries predecease the insured , although this is not usually done on most policies -RRB- . In the event that all beneficiaries die before the insured , then the proceeds would be paid out to the insured 's estate . To avoid the proceeds being paid to the estate , many individuals set up a life insurance trust -LRB- revocable or irrevocable -RRB- to control how the proceeds are distributed and to keep it out of the calculation of the estate . |
Does Allstate Have Life Insurance? | Allstate uses their subsidiary Lincoln Benefit Life for the vast majority of life sales within their property casualty company . Lincoln Benefit Life is also distributed through their brokerage channel of independent marketing organizations . Although Allstates core productline is property causality , their career outlets sell financial services along with Lincoln Benefit Life products : life and annuities . | Sure can ! In California , many auto insurance companies will offer coverage without regard to your immigration status . We have several carriers that ask absolutely 0 questions pertaining to immigration status so you would be able to purchase the insurance without any worries whatsoever of anybody finding out about your immigration status . |
Does Allstate Have Life Insurance? | Allstate has life insurance . They really do . Rates are somewhat competitive compared to other major insurers . Allstate is better known for their auto and home insurance prices were are usually competitive in most areas . For an Allstate quote on life insurance , or other carriers with lower rates , a full-time experienced broker can help the best . | AARP offers level benefit term life insurance , permanent life insurance , and guaranteed acceptance life insurance . The questions on the application are different for each type of policy . The term policy asks for many health details , while the guaranteed acceptance insurance asks no health questions to qualify for that policy . |
Does Allstate Have Life Insurance? | Yes . They own Lincoln Benefit Life . The company offers life insurance and annuities through Allstate agents and well as independent life insurance agents -LRB- brokers -RRB- . They are a well respected company with competitive products . While independent agents can offer life insurance products from many companies , Allstate agents will be limited to life insurance and annuities issued by their subsidiaries : Allstate Life Insurance Company , Lincoln Benefit Life Insurance Company and American Heritage Life Insurance Company . | Long Term Care Insurance in Massachusetts can come from many different companies , and most of the companies that have survived the recent price adjustments are very good . The one that is best for one person , however , may not be best for another . There are some companies that have better pricing for couples , some that offer certain features at a better price than another , etc. . To find who has the best long term care insurance for you , contact a broker who sells long term care insurance in Massachusetts . That way you can see your top three companies and then choose the one that has your best price , the highest rating , or a blend between the two , if those two factors do not coincide . |
How Much Is High Risk Auto Insurance? | Great Question . High risk auto insurance is for people who have tickets and accident . Also it for people who have many points on there driving records . The cost will be higher than good drivers . Please check with your local broker for detail about prices and products in your area . | Great question . An insurance broker or agent makes their living on selling and servicing insurance policies . They make a small percentage on the sale of the new policy . it veries from each compay on the compensation rate agents make . Also it depends if they sell auto , home or life insurance . |
How To Estimate Medicare Premiums? | There really is no way to estimate Medicare premiums or deductibles from year to year . Every year Congress decides what next years Medicare Part A and B deductibles will be as well as your share of the Part B premium . There is no rhyme or reason to their decision as the change has become a political move not one based on the cost of medical care . | Personal training is not considered a covered service under traditional health insurance plans . There is good news however , many policies and the associations or networks attached to them will offer discounts to many gyms and exercise facilities . Taking advantage of one is a great way to save money and stay fit at the same time . And as we all know , living a healthy lifestyle is the best way to keep your healthcare costs to a minimum . For more information about healthy living and staying fit visit www.clminsure.com or call 561-320-2978 |
I Have Private Insurance Do I Need Medicare? | I am not sure what you mean by private insurance . If you are disabled and under age 65 and have been on SSDI for two years you are eligible for Medicare . As such you should consider a Medigap plan or possibly Medicare Advantage . If private insurance refers to an employer group plan , that plan plus Medicare coordinate with each other to pay a significant portion of your medical bills . | Remicade is used to treat auto-immune disease such as Crohn 's . Remicade is administered by infusion , normally in a doctor 's office or clinic . Original Medicare Part B will cover Remicade when administered in a doctor 's office or other approved clinic or facility . In home infusion therapy is normally not covered by Medicare . |
How To Cancel A Renters Insurance Policy? | Let 's say you have a renters policy in one state and you move to another state where your insurer does not even do business . This happens all the time . I would advise you do two things . 1 -RRB- wait until the physical move is over with and 2 -RRB- wait till you have in your hands the replacement policy . Then it is safe to mail the original policy back to your agent or company and ask for the policy to be cancelled . Privacy concerns would require that you either send the original policy back , or the company may require more specific information form you to effect cancellation to be sure the person saying to cancel a policy is in fact you . Many states authorize the manner in which cancellations take place , so talk to your insurance professional . At the Insurance Browser Inc. we are licensed in several states so if you move from GA to Texas we can handle the whole transaction , old and new . | It 's always good to weigh your options and possibly save money ! You do want to be careful , however , because you will lose any loyalty discounts or accident forgiveness you have with the previous company.Shopping for better rates , better service , or better coverage options is something that could certainly help , your wallet and your future . |
Can An Employer Offer Health Insurance To Some And Not Others? | Yes , in some cases . It is possible for an employer to legally offer health insurance to some employees and not others using employment-based classifications . Two common ones are full-time versus part-time and salaried versus hourly . The key legal criteria , though , is that all employees within the same employment classification must be treated consistently . For example , it would be illegal to offer health coverage to some full-time hourly workers but not all full-time workers . | I do not know if you can say one is the best at everything , but I do know that one has the greatest and most unique policy coverage . Premier Financial Alliance , through its carrier National Life Group , provides not only Living Benefits Life Insurance , so you do not have to die to collect , but ALSO provides as part of this , Chronic Care , Critical Care , Terminal Care , covering all the areas a person could need payment for as part of their life . If they are disabled , they can get paid . If they need a Nursing Home , they can get paid . If they need Experimental Medical Care , they can get paid . Plus , their premiums are substantially lower than some of the much advertised on TV brands . Yet NLG has been around about 167 years ! I urge you to talk with your qualified Premier Financial Alliance representative . Love to talk with you ! GARY LANE . garylane@cox.net . 714 422 9616 . Thank you . |
Which Company Is Good For Life Insurance? | Finding a `` good life insurance '' company is really not the question . Finding the right life insurance company that has the right product at the best price for your unique situation is really what you need to find . Think of life insurance companies as a deck of cards . It is possible to play over 1,000 games with the same deck of 52 cards by just changing the rules . All life insurance companies have risk factors that are priced differently . One company may be best for obesity but high for diabetes and another liberal for tobacco use but high for occupations . I highly recommend finding an experienced independent broker that knows these rules and finds you the best deal for your needs . | Traditional Key Man Disability Insurance is a form of Short Term Disability Insurance that is used to cover key -LRB- hard to replace , executives , top salespeople , etc -RRB- employees in a business . The business is the beneficiary . The income paid to the business when the key person is disabled helps the business to operate until the employee is back on their feet , or gives them the funds to find a replacement . |
Which Company Is Good For Life Insurance? | There 's many of them . Ideally , you want to look at companies that have an `` A '' ranking or better from rating companies like A.M. Best or Moody 's . Some of the big name companies that people have heard of are MetLife , American General , Prudential , Guardian , Principal , Genworth , just to name a few . When buying life insurance , there 's no one company that offers the `` best '' life insurance . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . This is because people may qualify for different risk classes , they may be looking to secure a different amount of coverage , keep the coverage for a different length of time -LRB- term vs. permanent -RRB- , or may live in a different state -LRB- not every product from every carrier is available in every state -RRB- . All of these factors go into the calculation of rates . If you 're looking to buy life insurance , you should consult with an experienced life insurance broker who can review your specific needs and budget and shop the case for you to compare multiple companies to see who will offer you the lowest rates . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . | When Term insurance enters the annually renewable period , there is no good reason to hang onto it , unless you only have need for coverage for another year , or if you are terminally ill . Those premiums are going to continue to go up every year , so it 's best to bite the bullet and get a new policy now . If your policy has not yet reached the end of the term , you could check to see if you can convert it to a permanent policy . If you are going to pay higher rates soon , anyway , it is far better to pay them for a permanent policy . Converting does not ask any health questions , so can be done with a simple form and is an excellent way to extend coverage if your health has declined since you took out your Term policy . |
Which Company Is Good For Life Insurance? | Often , different companies have good life insurance for different needs . E.g. . Some companies are better with `` impaired risk '' cases -LRB- policies for people with health conditions or other risk factors -RRB- . Some are better for seniors . Some are better for buying Whole Life , while others are better for Term Life . While there are many good life insurance companies , using one that is good for your unique needs can save you a tremendous amount of money , and/or get you a far superior policy . To find the best life insurance company for your family or business , contact a broker that can shop multiple companies for you . This can also save you time and stress . | That is a great question ! You will want to look at your specific policy . Some companies will cover your stuff in transit , -LRB- up to a limit , and it 's usually fairly low -RRB- and long enough for you to re-up at the new address . Some will not cover beyond your specified address . Take a look at your policy , and give your agent a heads up so they can take care of you . Happy moving , and thanks for asking ! |
Can Green Card Holders Get Medicare? | For green card holders to become eligible for Medicare , they have to meet 2 conditions : 1 -RRB- Work in the United States for at least 40 quarters and paying FICA taxes for Medicare -LRB- as it is for everyone -RRB- . 2 -RRB- Live in the United States for at least five years continually -LRB- cant do 2 years here , a year somewhere else , and then 3 more years here -RRB- . If you meet condition 2 , but not condition 1 , you would be able to get Part A , but would have to pay the premium -LRB- up to $ 426 per month in 2014 -RRB- . Part B premium is paid by all Medicare beneficiaries regardless . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . | You can not get on Medicare before age 65 unless you are on Social Security Disability and have Lou Gehrig 's Disease ; have been receiving Social Security Disability benefits for 24 months ; or you have worked long enough in a federal , state or local government job and meet the requirements of the Social Security Disability program . Some disabled widows and widowers , or divorced disabled persons , may be able to get Medicare under age 65 under some conditions . |
Does Car Insurance Cover Occasional Drivers? | Yes . As long as the driver is licensed and has the owner 's permission to drive the vehicle . But the term `` occasional '' means different things to different companies . Some companies are more strict about it than others . The rule of thumb is : list everyone living in your household that is above driving age . And list anyone else who does n't live with you , but has regular access to your vehicle . A lot of people get burnt on this because they try to hide their high school aged kids from being on their policy ... . Huge mistake ! | Your health insurance premium increased because your insurance company did not like you . OK ... Seriously , the increase was probably part of a broad increase that everyone probably received . As the cost of medical equipment , doctors fees , facility charges and other items increase , invariably , your rate will go up . Believe it or not , sometimes , yourrate can actually go down ! |
Does Car Insurance Cover Occasional Drivers? | If you mean a family member living in your household then the driver should be listed on your policy as an occasional operator . You can lend your vehicle to someone on occasion and they would be covered however keep this in mind : In most states the Insurance first follows the driver and then the vehicle . If the person you let drive your car has insurance and is involved in an accident , that persons insurance would pay . If they do not have insurance YOUR insurance pays , resulting in possible rate increases . My advice is NEVER lend your car to someone who does not have insurance ! | Your homeowners or renters insurance may cover damage to someone else 's vehicle , but not your own . Liability coverage on most policies protects your family against unintentional damage not caused while operating a motorized vehicle . If your child falls off their bike and scratches up the neighbor 's expensive car then your homeowners/renters liability coverage should offer protection . |
What Does It Take To Sell Auto Insurance? | Each state is a little different , so you would want to check with the department of insurance in your resident state for specific guidelines . First , you need a Property & Casulaty insurancelicense . Typically you must take some required courses to be eligible to sit for this exam . Once you pass the exam , you are technicaly and insurance `` producer '' or licensed agent so then you need a product to sell . Best thing to do here is to try and get on with an established agency . Here you can gain valuable experience and knowledge and hopefully have good products to sell . Going it alone right out of the gate would be a challenge as well as a fairly big financial risk . You need markets , E&O insurance , training , knowledge , etc. etc. etc. ... To get the E&O , you often times need experience or the price can be quite high . To gain market access , you need experience and proof of past performance to get direct contracts with carriers . You can sign up with some quality brokers out in the market place for access and that is n't a bad way to start out . | On average , women have a longer life expectancy . The longer one is expected to live , the less the life insurance rate will be based on a level premium paid for life . Insurance companies start with average rates based on gender , age and tobacco use and then underwrite individually to come up with a price based on those rates which may be better than average -LRB- preferred -RRB- or below average -LRB- substandard or rated -RRB- . |
What Auto Insurance Covers Hitting A Deer? | Hitting a deer is covered under the comprehensive portion of your auto policy . Although hitting a deer is a collision , animals are excluded from collision coverage and placed under comprehensive coverage since you the driver have no control over the movement of an animal . This has advantages since this type of accident can not be considered an at fault accident . | Generally , no . However , like most things in life : it depends ! Early detection and treatment is unlikely to present a challenge in the life insurance underwriting process . In the event of other conditions , related and otherwise , the outcome might vary . But in most cases I would expect the best underwriting classification would remain available . |
What Auto Insurance Covers Hitting A Deer? | The portion of an auto policy that covers damage caused by hitting a deer is the `` Comprehensive '' portion of the physical damage coverage . Physical damage coverage for your car is divided into two portions : Collision and Comprehensive . Collision is the more narrowly defined of the two and provides coverage if your car is damaged as a result of hitting another car , a stationary object or a human.Comprehensive covers everything else , for example , a deer strike , vandalism , somethig falling on it while parked , etc. . | There is a Group policy available to individuals through a membership plan . The membership comes with $ 10,000 in Life Insurance with the option to buy-up in $ 10,000 increments up to $ 100,000 in total coverage . It is very inexpensive compared to those guaranteed policies and any age can purchase as long as you work 30 hours or more per week and the membership comes with advantages like discount dental , vision , pharmacy benefits also . It is not available in AK , MT , SD , UT VT , or WA . Contact me for more information |
Will Insurance Cover A Tree Falling On My Car? | The Comprehensive portion of your policy 's physical damage coverage would cover the damage caused to your car by a falling tree provided that the car was parked and stationary at the time . The claim would be settled subject to your deductible of course . Talk to your Insurance Professional about the specific terms and conditions of your policy . . | In 1952 TIAA-CREF -LRB- Teachers Insurance and Annuity Association College Retirement Equities Fund -RRB- manufactured the first variable annuity policy , oddly enough it was for qualified plan funding . Since it 's inception in the fifties , variable annuities , both qualified and non-qualified , have attracted billions of dollars from investors who seek its tax deferral feature and market access that variable annuities provide . |
Will Insurance Cover A Tree Falling On My Car? | Your auto insurance will cover a falling tree on your car under the comprehensive coverage 's minus your deductible . If you carry comprehensive coverage on your vehicle then your covered . Comprehensive coverage includes all non collision physical damages that may occur to your vehicle . Examples are falling or flying objects , fire , theft , vandalism , glass breakage . | AARP , the American Association for Retired Persons , is a lobbying group tied to a marketing organization . AARP does not write insurance , but does `` endorse '' certain insurance products in exchange for a kick back or other form of compensation . It is unwise to assume any insurance product endorsed by an association is always a good deal . When I have compared plans recommended by AARP vs. what the consumer can purchase on the open market through an independent agent , I rarely find the AARP endorsed plans to be of good value . |
Should I Get Stacked Or Unstacked Auto Insurance? | That honestly depends upon the state in which you live . If your state allows uninsured motorist coverage to be `` stacked '' , then the auto insurance providers offering coverage in your state will be complying with that . Many states have changed their laws and regulations over the years to elliminate that practice . | Based on the question I would assume that you are talking about collision coverage for you auto . Collision coverage is typically paired with other than collision coverage in your auto policy and both have their own deductible levels . Collision coverage typicallyprovides for payment of damage to your vehicle when you are involved in an accident even if you are deemed at fault . Please read your policy completely to understand the coverage provided and any exclusions that ther may be or contact your local agent to have them go over the policy with you . |
Who Needs Renters Insurance? | Great question ! You do not need renters insurance if you have a great amount of cash hidden away in a Swiss bank account , or somewhere similar . If your belongings are stolen or damaged somehow , you can just dip into that account and buy all new stuff to replace what was stolen or lost . If that is not you , then maybe renters insurance is a good idea . Most of us do not have the money to replace our things in the event of a fire , or burglary , and that is the purpose for the insurance . It can be a real blessing in the event of some unexpected hardship.If you would like some more information on what you should look for in the policy , please contact me , I 'd be happy to help . Thanks for asking ! | If you have geriatric family history of nursing home confinement , you may want to secure coverage while young and LTCi is affordable . But you need to begin your search on long term care insurance no later than age 50 . You should be purchasing long term care insurance no later than age 60 . These are just rules of thumb . But the sooner the later based on health deterioration as you become older and the premium larger . |
Who Needs Renters Insurance? | Anyone who rents a place should carry insurance on their property inside such as your furniture , clothing , electronics , etc. . The landlord does not carry insurance on your property . | All the answers above are valid . Term insurance Never has `` cash value '' , but you may be able to buy a `` Return of Premium '' rider with a Term policy that will return most of the premium paid at the termination of the policy . And that without interest . Universal policies may accumulate some cash value after the first several years , but unless the amount of premium is increased to keep pace with the increasing `` cost of insurance '' that cash value will be consumed and the policy lapse with no value at all . Whole Life policies have a guaranteed minimum interest paid into a cash value of the policy and this interest is compounded and grows tax-free . You have access to the cash value also tax-free . You may also use the cash value as a future income source for retirement . The best Cash Value policies are the Participating Whole Life policies with Mutual companies . These are eligible for Dividends on top of the guaranteed interest and will grow the cash value much faster . |
Who Needs Renters Insurance? | If you are renting an apartment , condo or home to live , you should have renter 's insurance . Not only will renter 's insurance cover your personal Property -LRB- contents -RRB- , but it also covers liability . Several years ago , I had a young women come into my office looking for advice on what she should do . She had been visiting her cousin , who lived in a town home . She went out on the back patio and lit a cigarette , smoked it & was sure she put it out in the dirt of a nearby planter . She and her cousin went out for dinner , only to return to the town home & the town home adjoined to be full a blaze with fire trucks putting out the fire . She was determined to be a fault . The insurance company of the adjoining home paid the claim and then subrogated -LRB- sued -RRB- her for the damages -LRB- ~ $ 105,000 -RRB- . Had she had renter 's insurance , it would have paid the claim under her liability portion of the policy . Instead , her wages were garnished and will continue to be garnished until the claim is paid in full . | Unfortunately , it will more than likely not affect your credit at all . The best you could hope for is that a company will look favorably upon a coverage history when deciding whether or not to provide you with credit . Typically your credit score is based on payment history of credit cards , loans and a few other factors . Normally not insurance payments . Things can change . If in doubt check with your local agent . Each state is different and legislation is a moving target . |
How Much Does A Life Insurance License Cost? | It varies based on the state in which you reside . If you are considering becoming a life insurance agent , you should call your state 's insurance department , or go to their website . It will also depend on the lines of insurance your license will cover . In addition to the initial licensing fees by line of insurance , there may be related fees e.g. insurance exam and other costs paid to third-parties associated with the pre-licensing requirements . | No , unfortunately , life insurance is not eligible for Cobra . The continuation of group benefits offered by the Consolidated Omnibus Budget Reconciliation Act only applies to health insurance benefits for employees and their families . It does not provide for continuation of life insurance or disability insurance group policies . |
How Much Does A Life Insurance License Cost? | In addition to what Samuel said , if you want to sell life insurance in other states , you will need a nonresident license for those states . You will also need to purchase E & O insurance , which stands for Errors and Omissions Insurance . If you are working for an agency , they might pay some of these fees for you . | Spouse life insurance or domestic life insurance can refer to life insurance taken out on your significant other . As their husband , wife or domestic partner , you might own the policy , but the insurance is on their life . If they would pass away , you would have the death benefit to pay bills , living expenses , final expenses , and possibly even invest some for future income . |
How Much Does A Life Insurance License Cost? | There are different levels of `` cost '' in becoming a licensed `` life insurance agent '' . In South Carolina you have to take the required preparatory licensing materials and then take an exam . These materials in South Carolina is like $ 140 just for the materials and then there is an additional `` test exam fee '' that has to be a `` proctored exam '' and it is approximately another $ 100 . In South Carolina once you have passed the exam and you apply for yuor license with a company of your choice there is not a `` licensing fee '' in South Carolina . Then you have continuing education costs each year . For example , if yuo are going to sell `` annuities '' you have to take LIMRA courses in `` Money Laundering '' that typically will cost you $ 150 . You have to stay current with the continuing education requirements that are set by the Deaprtment of Insurance in your State . | That is a great question ! If your apartment is destroyed or damaged to the point that it is not safe to live in , your renters policy will provide for housing . You will want to check on the policy specifics , for some it is a per day amount , for others it is a number of days kind of thing . It is one of those things that makes renters insurance such a great thing to have ! Thanks for asking ! |
How Does Homeowners Insurance Claims Work? | Different companies may handle the claims settlement process differently , but this is my experience . Once you have discussed your loss with your Insurance Professional and have understood your coverage and your deductible and discussed your options , it will be time to report the claim . Usually within 24 hours , you should expect to hear from a Claims Services Representative -LRB- CSR -RRB- who will ask you for more details and want to know what you have done to protect from further damage . In some cases , if the loss is fairly simple and the estimate you have obtaned is within a certain amount , the CSR may send you a check at that time . If the loss is larger and more complicated , it will be assigned to a Professional Licensed Field Adjuster who will contact you and secure an appointment to inspect the damage , determine coverage and explain the procedure from that point . This person can also be a great resource a for referrals to licensed professional contractors should you need one . However , you are not obligated to use any of those contractors if you do n't want to . The Field Adjuster may issue preliminary payments to get the work started and supplemental payments as it progresses . Once the work is completed to your satisfaction and to the extent of coverage provided by your policy , the claim will be closed . | To the best of my knowledge , formal life insurance started in the early 1700 's . It was around this time that the first policy would have been issued . In the mid 1700 's , the world 's oldest mutual insurer began issuing policies . If you want to read more about the early history of this , do a search for `` The Equitable Life Assurance Society '' . It 's a very interesting read . |
How Much Disability Insurance Is Enough? | Typically disability insurance benefits are equal to a maximum of 60 % of the insured 's income . The maximum one can buy then is based on the annual income of the individual . If you can live comfortably on a lesser amount than 60 % of what you earn , then you may consider buying a policy that would pay less than 60 % of your earned income . | `` Excess Charges '' only occur with Part B coverage . Whether or not a Medicare Beneficiary may be subjected to Part B Excess Charges by a provider depends entirely on how the provider is contracted with Medicare . When the provider choose their method of contracting with Medicare they must choose whether they will be `` Participating '' or `` Non-Participating '' . This terminology may be confusing but it really is not . `` Participating '' simply means the provider will accept the Medicare assignment of the Medicare approved amount as payment as total payment -LRB- Medicare 's part -RRB- for services rendered . `` Non-Participating '' means the provider has chosen to not necessarily accept the Medicare approved amount as total payment -LRB- Medicare 's part -RRB- for services rendered and may choose to charge the beneficiary up to 15 % of the Medicare approved amount -LRB- in addition to the beneficiary 's cost sharing amount -RRB- . The provider may choose on a case-by-case basis whether to seek excess charges from the beneficiary . This rule applies ONLY to physician fee schedules thus applies only to Medicare Part B charges . So it depends entirely upon whether the provider has chosen to contract as a `` Participating '' or `` Non-Participating '' provider with Medicare . If you are in doubt it may be beneficial to contact the office manager at your provider 's office and ask whether the provider is `` Participating '' or `` Non-Participating '' as it applies to Medicare approved payments . All the best . Mark |
How Much Disability Insurance Is Enough? | Disability insurance is paycheck insurance that protects your income during periods of disability when you cant work . If you work for a living and you have to work to live , then disability insurance is paycheck insurance to protect your income in case you are unable to work . Disability insurance may be the most important coverage you should consider . Most Americans has 90 days in cash reserves . A disability is a high probability event during your working lifetime . | There are hobbies or professions that can indeed affect the pricing of Life Insurance and if you happen to be a skydiver , recreational or otherwise , you can at the very least expect to pay more than say , the bank employee who lives next door who plays golf on the weekends . Premium is a reflection of the risk that the insurance company is assuming when they offer coverage . Thus , the greater the risk that their could be a claim filed , the greater the premium charged . |
Can Car Insurance Go On Your Credit Report? | I hope I understand your question correctly . I 'm assuming you 're asking if an insurance company getting your insurance score will show up on your credit report and affect your credit score . In general , no . I can only speak for my own state of Michigan but I 'm pretty sure other states work the same way . An insurance score is different from a credit score . There are many different models to calculate an insurance score and different companies will use different models . When an insurance company orders an insurance score it wo n't affect your credit score like applying for a loan will . If it shows up at all , it will show up as an insurance score and wo n't be used to calculate your credit score . So , do n't be worried if your agent asks for information to order an insurance score . It 's usually one of the largest discounts that a company will offer . | That is a great question ! There are a couple of quick things that might help . First , look at what policies you might be able to bundle with your homeowners , to get discounts offered by the insurer . For example , your auto insurances may be cheaper if purchased through the same company that insures your home . Many companies will give substantial discounts to have all of your business under their roof . The second thing is to look at raising your deductible . Generally a higher out of pocket on your end means a lower premium . Be careful not to set a deductible that is too high for you to cover though , should you ever need to . Lastly , revalue the contents of your home , and see if you can reduce the coverage that you 'd applied for . Many electronic appliances in particular are much cheaper to replace today than they would have cost ten years ago . Speak to your agent , and have them help you find the best option for you . Thank you for asking ! |
What Happens When A Life Insurance Term Expires? | If a life insurance term expires the policy may go out of force or renew at a higher premium . What happens depends on the type of plan and the wording of the policy . Term insurance policies have an end date after which they will not renew -LRB- age 85 for example -RRB- . If the policy is a 10 Year Renewable Term , then it will renew at a higher premium at the end of each 10 year period . The policy is usually convertible to a permanent level premium policy with no medical evidence prior to a given age . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . | Health Insurance Premiums can only be paid for with funds from a Health Savings Account under certain circumstances . The situations where Health Insurance premiums can be paid by a qualified distributions from a HSA is when an individual is over age 65 and paying for Medicare , when an individual is being covered by COBRA health care continuation coverage , and health care coverage while an individual is recieving unemployment compensation . That being said , one should try to avoid using their HSA for such purposes unless absolutely necessary . Your HSA is earning compound interest on the funds in your account , and at age 65 you will be able to start recieving distributions from the account in almost the exact manner as if it were an IRA . Given the benefits of having a duel health care expense/retirement fund that has a `` healthy '' ballance , one should try to minimize unnecessary distributions . |
What Happens When A Life Insurance Term Expires? | That is a great question ! A term policy lasts a designated period of time , and then ends . In some cases , it is a set number of years , 5 , 10 , 20 , or 30 . In other cases , like the popularly advertised tv policies , they end when the insured turns 80 . In any case , to keep being insured , you need to renew it -LRB- at very expensive rates -RRB- , or find other coverage -LRB- which may also be very expensive if your health changed for the worse before the policy ended -RRB- . A term policy is great for certain things , and not so great for others . It is always wise to consult with a good agent before purchasing a policy . If you need help with this , please feel free to contact me , I will clear room on my schedule for you . I 'm happy to help . Thanks for asking ! | No . Long term disability insurance replaces some or all of your income -LRB- usually your after tax amount -RRB- in the event that you become disabled due to illness or injury and are unable to earn an income . Disability insurance claim payments are paid to the policyholder who is then free to spend the disability payment as they see fit . You could certainly use some of the money to pay for health insurance but a disability insurance policy does not directly pay for health insurance . |
What Happens When A Life Insurance Term Expires? | With term coverage , you buy a specific number of years of guaranteed consistent rates . After that term , the policy may end , but in most cases will continue but with a substantially higher premium rate . This is why many people buy permanent or whole or universal life . It does not increase its premium and continues for a lifetime , with that fixed premium . Thank you . GARY LANE . | Most individual insurance policies provide for 50-70 % of income replacement , with 60 % being typical . However , the disability insurance policy can sometimes provide up to 80 % of your annual salary , when adding up the DI policy benefit plus what is received from other sources . In other words , if your basic DI benefit plus income received from other sources does not total 80 % , your DI policy will pay the difference . |
Which Companies Sell Annuities? | There are hundreds of annuity companies and perhaps a thousand annuity contracts . You can find excellent spreadsheets online distributed by independent brokerage firms . There are two categories of non-qualified annuities are : tax deferred and immediate . Tax deferred annuities have three basic crediting methods : fixed interest rates , domestic/foreign indices and separate subaccounts using equity and bond instruments . Immediate annuities offer various distribution periods like 10 or 20 years certain and lifetime income on the annuitant . | This is a great question . The owner of the policy is normally the insured , and also the insured normally is paying for the policy . However , in some cases , the insured is not paying for the policy and does not want control over it . For example , I have clients where the adult child pays for and is the owner of their parents ' policy . |
Which Companies Sell Annuities? | Many insurance companies offer annuities such as Guardian , MetLife Prudential , ING , Nationwide , Genworth , and Lincoln National , just to name a few . If you 're looking to purchase an annuity , I would advise consulting with an independent annuity broker who can review options from multiple companies to find you the annuity that will maximize your return . The type of annuity is a major factor as there are a number of different kinds such as fixed annuities , equity linked index annuities , etc. . Please feel free to contact me for assistance with your program and if you have any other questions . I hope the information is helpful - thanks very much . | Health insurance is protection that everyone can use , if not for treatment , then for preventative purposes . Long term care insurance is not nearly as certain to be needed . Many people pass away suddenly , as in an accident or from an acute illness , with little to no time spent being unable to care for themselves . Therefore , I do n't feel that long term care insurance should be mandatory . |
Which Company Is Best For Life Insurance? | The best company for life insurance for you will depend on your unique circumstances and the best company for you may not be the best for someone else . If you are shopping for term insurance , the best company will offer you the highest health rating and the lowest premium . If you are shopping for permanent insurance -LRB- ie . universal life or whole life -RRB- , rating will be important , but policy performance will be important as well . There are many variables to this question and it should be discussed thoroughly with a knowledgeable advisor who can help you sort through the many different options . | Car insurance can go up for women just like they can go up for men . There is no difference really other then women in general get a slightly lower rate if all things remain equal . Other then that the basic same rules apply when it comes to age , area , type of vehicle and surcharges . |
Will Medicare Pay For Blood Transfusions? | Medicare Part A will pay for blood transfusions given in a hospital or skilled nursing facility setting . Medicare Part B will pay for blood transfusions given to outpatients . However , neither pays for the first three pints within a calendar year . If you have Medicare Advantage , contact your plan to see if it provides additional coverage for blood transfusions . | The most significant use of Life Annuities -LRB- assuming youre address life time income -RRB- is life time income you cant outlive . If its non-qualified annuity , the portion that is the original basis is amortized to the life expectancy of the annuitant tax free using first in first out exclusion ratio , an tax advantage . Most retirement plans should have a portion of guaranteed income you cant outlive . |
Can Dental Be Claimed On Medicare? | Medicare does not cover `` dental '' . While `` Medicare Advantage '' covers some `` preventive care procedures it does not cover extensive dental procedures . There are `` dental '' policies available the coverage is usually limited to $ 1000 per year . In most cases dental maintenance is best planned to have preventive cleaning done each year plus any required `` dental filling ' each year but then if you need more extreme procedures you will probably spend a chunk of your vacation funds in the dental office | Yes , disability insurance is really paycheck insurance and protects your income stream in the event an accident or illness prevents you from working . There are two type of disability insurance ; Short Term & Long Term disability . Short term plans usually cover periods of 13 or 26 weeks . Long Term plans , as their name implies , run for longer terms that can go on for years depending upon the policy . It is estimated that a 20 year old has a 25 % chance of being disabled for some period of time before they reach retirement age . Currently 12 % of the U.S. population is disabled with only 5 % of those disabilities being work related . So , a health problem or off the job accident is the most likely cause of someone becoming disabled . A recent report shows the average Social Security Disability payment is $ 1065 per month and qualifying for Social Security disability is famous for being difficult and time consuming with waits of 2 years for approval not being uncommon and as of 2009 , only 30 % of Social Security disability claims were approved . Relying on Social Security alone to preserve your lifestyle in the event of a disability is unwise . The majority of persons who experience a disabling event can return to work within about 90-days . But , for persons who experience a disability exceeding 90-days the average length of these types of disabling events is 3.2 years ! Ideally , a person will have both short term and long term disability insurance protection . Short term disability insurance will be less expensive and if your budget does n't allow for both coverages I would suggest starting out with short term coverage for the longest coverage period possible . If you are a female I would also recommend that you verify how a prospective short term disability policy treats maternity . Some policies treat maternity as a disabling event while others do not . This can be an important difference for a woman in her child bearing years . |
Where Can I Buy Health Insurance For An Individual? | You can buy health insurance from an experienced broker and their website -LRB- perhaps your best option -RRB- or the . gov website , where you may talk to a newly-hired and inexperienced worker . It 's important to understand all of your options , get a federal subsidy if you deserve it , and speak to an unbiased expert in the field . That 's why we can help you best ! The Obamacare subsidy is available during Open Enrollment and through specific exceptions . However , there are affordable options available if you miss Open Enrollment . | Under the affordable care act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . 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 -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- 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 . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much . |
Who Qualifies For Medigap? | Anyone over the age of 65 and on Medicare can buy a Medigap plan . The best time to buy is when you 're new to Medicare as you 'll have a 6-month window -LRB- from your Medicare Part B effective date -RRB- to buy any Medigap plan you want with NO medical underwriting . Beyond this window , you 'll be subject to answering health questions to qualify for a new plan -LRB- every carriers ' questions are different -RRB- if you do n't have a guaranteed-issue right available to you . If you 're under 65 , you can still purchase a Medigap plan if you 're on Medicare for disability or ESRD , but the cost will be very high . Medigap plans are designed to be purchased by individuals age 65 and up . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much . | It depends on your age and the face amount of life insurance applied for more than whether it is term life or cash value life insurance whether you will be required to take a physical . There are policies that can be purchased up to $ 300,000 face amount on a non medical or simplified issue that do not require you to take a physical for a slightly higher premium . |
Why Is My Renters Insurance So High? | Most customers consider renters insurance a bargain . There is certainly plenty of competition . If you really want to spend too much on renters insurance try not having any . When you have a claim and empty pockets life can get tough in a hurry . Someone could fall in your unit , or a fire could sweep through it and everything you have would go up in smoke . Then you would know what really expensive insurance is . | here is a good chance you will . Lets cover some of the what ifs : What if you need to maximize your pension distribution by taking it out during your lifetime only ? Life insurance will help you cover your spouse . What if you have any remaining debts , such as a second mortgage ? Or if you have any dependents , such as a child who still need some financial assistance ? Life insurance would protect them . What if you want a really strong guaranteed portion of your asset portfolio ? The guarantees in life insurance cash value contracts are very competitive . What if your net worth is high and you want to preserve your estate from federal and state taxation ? Life insurance would allow you to protect your assets and still pay the government . What if you have formed very strong ties with a charity , and would like to support it as a legacy ? Life insurance can turn a comparatively small premium into a very substantial gift for them . Its kind of surprising , isnt it , about how our need for life insurance can basically last our entire life ! |
Does Medicare Pay For At Home Health Care? | Medicare is very limited for any type of long term care , including the home . Medicare does not pay for custodial care . It will pay for some temporary skilled care in your home if you need some type of rehab services such as occupational , speech , or physical therapy . It may also pay for some durable medical equipment . Do not rely on Medicare as a source for any extended home health care . | A study conducted by LIMRA and The Life Foundation in 2013 found that the number of people preferring face-to-face interaction with their life insurance agent had dropped to 50 % . That same study found that 85 % of life insurance shoppers would use the internet in some way in their purchase . Most life insurance that is sold online utilizes a combination of technology and personal interaction . E.g. . The shopper may find a quote online , then call that website to talk to an agent who will verify the rate and provide them with the application . So the question of how much life insurance is sold online is difficult to answer . But there is no doubt that many people looking for life insurance do like the convenience that online shopping provides . |
Can You Buy Individual Short Term Disability Insurance? | YES , you can Buy Individual Short-Term Disability Insurance . Short-term meaning immediate upon being disabled up to 12 months . After 12 months , you can have a Long-Term Disability plan kick in . When you look at these plans , be sure to look at the definitions of disability , partial disability , cost of living adjustments and retroactive coverage for the long-term disability . These should be a part of most policies which take care of all the `` gray '' areas of coverage . For more information , do not hesitate to ask . | If you are seeking to estimate how much life insurance you need , many people purchase 10 times their annual salary as a life insurance face amount . Others use life insurance calculators to more accurately determine that amount . If you are trying to estimate how much your life insurance would cost , you can do that by going to a website that offers instant life insurance quotes . There you can put in different face amounts and term lengths to at least estimate the cost of term coverage , although most quote engines do now show permanent options , and the rates will depend on your health . |
Does Renters Insurance Cover Dog Attacks? | Renters insurance does typically provide personal liability coverage . If your dog is responsible for the attack it is possible that your personal liability coverage of your renters policy will provide money for the damages . 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 . | The death benefit proceeds from life insurance are paid to the beneficiaries of the policy . The beneficiaries , unless otherwise directed , can spend the proceeds as they see fit . Generally final expenses like funeral costs fall upon the family , i.e. commonly the beneficiaries . Most beneficiaries pay outstanding debt , the number one use of life insurance death benefit proceeds . |
Can You Drive Any Car On Fully Comprehensive Insurance? | Comprehensive coverage on your car typically covers items other than collisions , such as fire , theft , hail and additional types of claims . Collision coverage is typically required if you are financing the vehicle . In almost every state , you must have liability coverage on the vehicle you are driving or show proof of financial responsibility . The minimum required limits of each state are different . | There are two forms of physical damage coverage that may be included in your auto policy that protects against damage to your car . Collision is the more narrowly defined of the two , covering your car for damage that results from impact with another car , a stationary object or a human being . Comprehensive covers most everything else including damage from theft , fire , falling objects , impact with an animal etc. . |
What Is A Critical Illness Insurance Policy? | A critical illness policy pays cash directly to you if you are diagnosed with one of the illnesses listed in the policy . Illnesses generally include heart attack , cancer , stroke and others . The cash is yours to spend however you wish . You can pay your rent or mortgage , your Visa bill , your car payment , etc. while you 're recovering . Perhaps it will replace lost income . You can also pay your deductible and other out-of-pocket expenses if you wish . You could even use it to go to Disneyland - it 's YOUR money ! So while your health insurance is paying the doctors and hospitals , the critical illness policy is paying YOU . | As with most types of life insurance coverage their is no `` best '' company . There are many carriers that may meet your objective , however the cost will change based on your health , amount of coverage needing and age . Sometimes this coverage will be so-called `` final expense '' insurance while in other situations another choice may be necessary or even better for you . As in most situations , a call to a good independent life agent will not only give you information , but also help define your needs . |
What Is A Critical Illness Insurance Policy? | There are stand alone policies that are for specific conditions offered by a few companies such as Niel mentioned above . Indemnification policies like Aflac 's Cancer and Catastrophic Illness policies , which are basically supplemental policies that pay cash tot eh policy holder . Then there are Critical Illness and Long Term Care riders that can be added to a life insurance policy that will pay up to 75 % or 90 % of the death benefit in advance in the case of critical illness . | Life insurance is not governed by ERISA , the employee retirement income security act of 1974 . Life insurance is governed by the state department of insurance . If the life insurance policy is a variable whole life or variable universal life , it is not only governed by the state department of insurance , but FINRA as well because it is a security . |
Can I Pay My Car Insurance Late? | In Minnesota , you can pay your car insurance up to ten days late before an auto insurance provider can cancel your policy for nonpayment of premium . Althoughdoing somay not be in your best interest , asitcan cause you to incur late fees . You will always receive notice from your insurer of intent to cancel a policy . | To answer this question , I will assume that it is posed to determine if a homeowner policy will cover any type of damage to an air conditioner , absent any other facts . The homeowner policy is definitely not a maintenance policy and therefore will not pay for damage to the unit , unless it is damaged by the occurrence of some other type of covered peril . For example , if it is a relatively expensive ` window unit ' and a heavy picture falls off of the wall , striking and severely damaging the ac unit , there could be coverage , subject to the application of the homeowner policy deductible . In reality , you should think twice about the future premium increase ramifications of submitting a smallish claim of this nature . You would , in a situation of this nature , check with your agent to make sure it is worth submitting . If it is a central ac unit and is damaged by a fire in the garage caused by a carelessly laid cigar , there would be coverage , again subject to the deductible . The financial loss for a central ac unit would no doubt be much more extensive that for a window unit and might therefore merit claim submission . Also , the fire described would probably have damaged the walls , ceiling , possibly stored objects , etc. , and produced smoke damage to other parts of a house , if attached , justifying submission of a broader claim for damages , including those to the ac unit . |
How To Get USAA Auto Insurance? | Since I am an Independent agent , I should preface this by saying that I do not nor ever have represented USAA . They are a very large insurer that does a lot of things right . While I am not insured by USAA I have been previously and continue to use my membership advantages for banking and travel services . I suggest you simply call the company at 1800-531-8722 and find out . | Some banks these days require that your Homeowners Insurance be paid by them froman escrow account . If that is the case , then when you are closing on your home and obtaining insurance , they will require you to pay your insurance professional an amount equal to the full first year 's premium . The policy will then be set up to bill your mortgage company upon each renewal . The monthly payments that you make to your mortgage company , in addition to principal and interest , will include an amount for the next renewal on your Homeowners Insurance . Your insurance company will bill your mortgage company at the renewal and the annual premium will then be paid by your mortgage company from your escrow account . |
Is It A Crime To Not Have Car Insurance? | That is really a question for lawyer or a law enforcement officer . I would say though that if the state that you reside in a state that requires every driver to have auto insurance coverage then I believe it would be a crime . If your state requires all drivers to have auto insurance coverage and you are stopped by a law enforcement officer and found not to have the required coverage I believe you could incur penalties imposed by the laws within that state . | Health insurance rates are based on many factors , such as which state you reside in , your age , your health , your smoking status and of course , your age . Typically , the younger you are , the lower your premium . There are also many different types of health insurance , including catastrophic , comprehensive , short-term and student options . Naturally , the type of policy you choose will greatly impact the premium that you pay . In 2014 -LRB- Open Enrollment starts in October -RRB- , you will not have to answer medical questions when you apply , and you may be eligible for a federal tax subsidy that reduces your rate ... perhaps substantially . Policies -LRB- Platinum , Gold , Silver and Bronze -RRB- will be purchased through Exchanges -LRB- Marketplaces -RRB- in your state . An experienced health insurance broker can give you expert and unbiased guidance and simplify the process for you . Assisting with plan selection is another important advantage of using a broker 's help . |
Can I Get Life Insurance If I Have Hepatitis B? | You can usually get life insurance while having Hepatitis B . If you want a large policy that requires an exam and medical records , the insurance company will look at your liver biopsy results , your liver labs , what treatments have been on , how long you have had Hep B , etc. . Some things that can cause a decline are liver cirrhosis or fibrosis , very high liver labs , and intolerance of treatment . However , even in those cases , you can get a simplified or guaranteed issue policy , if your age fits those guidelines . When the biopsy shows no liver damage and your Hepatitis B has been stable with normal liver labs , you can be rated as good as a low table rating on a medically underwritten policy . | Disability insurance covers times when youre unable to work because of injury or sickness . Disability insurance is paycheck protection . Most working Americans have 90 days in cash reserves , so its a critical component of defensive planning whether youre considering short or long term disability coverage . |
Can I Get Life Insurance If I Have Hepatitis B? | That is an excellent question ! The short answer is yes , you can . The longer answer is that the type of policy available to you will most likely depend upon your medical history , and current condition . I would strongly advise that you find a good independent agent -LRB- one not tied to a specific brand -RRB- that can help you sort through a few companies to find your best bet . If you would like help , please feel free to contact me , okay ? Thanks for asking ! | Only in certain situations . Let me explain : If you purchase a variable life insurance policy , or a permanent policy that builds cash value inside it , you are funding that policy with after tax dollars . Meaning , you have already paid taxes on that money -LRB- income tax -RRB- . The money that continues to build and grow inside of that policy is tax deferred . If you decide to take cash out of that policy , lets say to buy a car , that is going to be considered a withdraw . You will only pay taxes on the amount that exceeds your cost basis -LRB- or the amount you have put in -RRB- . So it holds true , the longer you have your policy , the greater the cost basis will be . Instead of a withdraw from you cash account , their is another option to ` loan ' yourself the money . Much like you would from a bank or lender . There are several factors to be mindful of when you make yourself a loan from you policy . For example , if you loan yourself money that is the same amount , or exceeding the amount that is in the policy -LRB- cash in the policy -RRB- , you could be subject to ` income tax ' , which is higher than capital gains tax . There are any moving parts to this question , and is somewhat difficult to give an answer that will blanket everyone . But REMEMBER , the death benefit of the variable policy is paid to the beneficiary TAX FREE . Assuming that their are no estate taxes to contend with . As with any life insurance policy , it is best to set down and speak with a professional on the matter . It 's better to plan and know what to expect than to be surprised by a large tax bill ! |
Can I Get Life Insurance If I Have Hepatitis B? | It depends on the severity of the hepatitis B . If you have an acute case of controlled Hep B and thereis no reoccurrences for 2 to 5 years , you should be able to purchase life insurance with little or no rate up . However , if the Hep B was chronic and meds are still required you could also be declined for underwritten life insurance . Then you would need to find a guarantee issued plan with graduated benefits . Either way you should be able to find some amount of life insurance , good luck . | As of May , 2013 , the largest life insurance companies in the United States are MetLife , Inc , followed by Prudential Financial , followed by American International Group -LRB- American General -RRB- . Japan Post International is the largest life insurance company in the world , with AXA of France running a close second . |
How To Save On Health Insurance? | There are many ways to save on your health insurance . One of the most important things to do is to compare all of the top-rated insurance companies since there are hundreds of available plan options . Whether you need individual or family coverage , it 's imperative to make sure you have access to the lowest available rates . Working with an experienced broker will allow you to find the most affordable plans quicker , and simplify the process of comparing plans . Also , we can help you determine your eligibility for a federal tax subsidy , which could substantially reduce your rate for Exchange plans . | That is a great question ! Simply put , there are two values to your whole life policy - the face value , or death benefit , which is what the policy would pay should you pass -LRB- minus fees or loans -RRB- , and the cash value . The cash value is the amount of money that accumulates within the policy as it grows . This is the amount that you can borrow from , or the amount -LRB- minus loans or fees -RRB- that the company would pay out to you should you surrender the policy . There is no cash value in a term life policy . I hope that helps - thanks for asking ! |
Does Renters Insurance Cover Property During A Move? | If your property is damaged while being transported , the coverage available is limited to 10 % of the personal property limit stated in most policies . If your property has reached the newly acquired residence it is covered for the full limit of the policy for 30 days , unless the policy terminates . | Life insurance works well for covering funeral expenses . Life insurance does not go through probate , so you are able to pay the funeral home quickly . Most funeral homes are happy to work with you with final expense or pre-need life insurance policies . When you purchase life insurance for that purpose , your beneficiary can use what is left over to pay other bills . |
Does Renters Insurance Cover Property During A Move? | If you are moving from one place to another you are covered for 30 days at both places for the perils of the policy . Keep in mind breakage is not a covered peril so if you drop your big screen there is no coverage . If the big screen is stolen your covered . Make sure to notify your agent before the 30 days or coverage 's will be reduced to 10 % | A person should consider buying disability insurance if he/she would suffer a financial hardship if an illness or accident were to interrupt or stop his/her earned income . This broad answer to the question would seem to include almost everyone who works and earns an income , certainly with some exceptions . Some people are provided this coverage from their employer , others who are self-employed -LRB- for example -RRB- would not be covered by a work-place plan . There are several ways to obtain coverage , which a trained professional insurance advisor would help sort through . |
How Much Is Typical Renters Insurance? | I have seen renters insurance range in my area from about $ 90 to $ 300 per year for renters insurance within my area . The cost of coverage for renters insurance is typically less per month than you spend for lunch for one day . The amount of coverage for personal property typically starts at $ 15000 of coverage but can go to over 100000 under most carriers . Contact your local agent to find out what coverage he/she has available and the cost associated with it . | A lot ... but your local independent agent can help you with the completion of the required information . Here are some examples of what is needed . -LRB- List is not all inclusive . -RRB- Basic info about the prospective policyholder : name , address , age -LRB- for possible Senior Discount -RRB- Mortgage holder info Year built , type of building construction , roofing type Square footage Use : full-time dwelling , seasonal usage only , etc. . Protection Class -LRB- Agent can provide based on location -RRB- Proximity to fire dept and hydrants Wind coverage needs in some States Protection/Security devices : Smoke alarms , central station monitoring systems for fire , smoke , break-ins Deductibles desired/required Swimming pool ? Protection from accidental entry ? Trampoline ? Types of playsets on premises ? Types of animals -LRB- Some are excluded since a homeowner policy also provides liability coverage and animal bites to others are strict liability issues . -RRB- Again , not all encompassing by any means but it is not as difficult as it might seem to provide all of the needed information , especially with the help of a local independent insurance agent who should already be familiar with the territory and can make the application process flow . |
Is A 401K A Qualified Retirement Plan? | The private sector generally offers defined contribution plans like 401 -LRB- k -RRB- s that are pretax contributions and tax deferred accumulations . Upon retirement , the distributions are taxable as ordinary income . A 410 -LRB- k -RRB- is a defined contribution plan is sanctioned under Employee Retirement Income Security Act -LRB- ERISA -RRB- of 1974 . | You will receive your Medicare Card in the mail about three months before your 65th birthday . If you are receiving Social Security or Railroad Retirement benefits at that time , you will automatically be enrolled for both Part A and Part B Medicare . The Part B premium will begin to be deducted from your Social Security check the month that you turn 65 . You can turn down Part B if you wish , but should not do so unless you are receiving health insurance from your employer . |
What Is Cost Basis In Life Insurance? | Cost basis is what you paid in premiums for your policy -LRB- minus any dividends that might have been paid to you -RRB- . If you take out a withdrawal from your policy up to cost basis -LRB- what you paid into the policy -RRB- , you will not have to pay taxes on it . | Car insurance rates on an 18-year old female will be lower than rates on a male ! And perhaps by quite a bit . But your exact premium depends on many factors including your age , where you live , your driving record and perhaps other variables . If the car is titled to a parent -LRB- highlyrecommended -RRB- , you 'll probably pay less than having to insure the vehicle on a separate policy . You 'll also retain many discounts that your parents currently receive . |
What Is Cost Basis In Life Insurance? | The insurance company will compute this amount for you should it ever be necessary . Basically , it is the sum of premiums paid for the life insurance protection alone . This disregards the cost of riders . This basis would only be necessary if you surrender a policy and receive income in excess of your premium payments . | Yes , unless it is specifically excluded . What I mean by this is homeowners coverage applies to the house as a whole and will only indemnify you if a covered peril occurs . However , you really need to look at your deductible before you file a claim . If the cost of replacing the window is less than your deductible , then you should just pay for it out of pocket . In summary , start with the cost of your deductible versus the cost of replacing the window . If it is worth it to make a claim then make sure windows are not specifically excluded . |
Does Health Insurance Cover Wisdom Teeth Extraction? | Not usually . Wisdom teeth extraction would be covered under a dental insurance plan . There are exceptions , but usually medical would come into play only in an emergency situation . It will depend on your medical and dental plans . It is always a good idea to read your exclusions pages of any insurance policy you have . Learning what is not covered , can actually save you money . | When you are renting a car , look at the following coverage options : 1 . Liability - make sure you opt in for the 3rd liability insurance . This will cover other party physical damage and injuries in case of an accident . 2 . Car Physical damage - this is the coverage for the vehicle you rent . Usually it bears $ 0 deductible and covers from a first dollar on . 3 . PIP - or personal injury protection - if you drive with other people seating in car , this will provide coverage to your passengers . Other optional coverage offered by rental companies may include : 1 . Personal property : luggage , cellphones , computers etc. . Usually limited to a set by the rental company amount . 2 . Death : provides limited coverage for accidents involving death of passengers in the rental car . |
What Does Medigap Plan C Cover? | Medigap plan C covers essentially everything included in Medigap plan F. Plan C covers your Medicare Part A and Part B deductibles and coinsurance , benefits for SNF -LRB- skilled nursing facility -RRB- and foreign travel . Plan C does not cover Medicare excess charges . Very few carriers offer plan C and I have not found it to be competitive in Georgia . | The Arizona Department of Insurance regulates life insurance in Arizona . They do not do so on a policy by policy basis , but by establishing and enforcing policy provisions such as grace periods , free look periods , exam requirements , and death benefit processing . The Director of Insurance for the AZ Dept of Insurance at this time is Germaine Marks . |