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Is Life Insurance Ethical? | The question of is life insurance ethical could be taken two different ways . First is it ethical to provide an affordable product to protect the ones you love by caring for them financially after you die , I would have to answer yes . We are a consuming society that is bloated in debt , people are failing to save for their own futures , let alone the futures of those that should matter most . I ca n't think of a scenario where life insurance if purchased correctly would be unethical . The second way to read your question would be are life insurance companies ethical . Life insurance companies are some of the most regulated companies of any industry . They must meet federal and state guidelines at all times . Their products must be filed for approval before they are sent to market . My answer to your question asked in this way would also have to be yes . Life insurance is ethical . | Each life insurance company has its own niches , so the best life insurance for one person may not be the best life insurance for another . The key is finding an agent who can put you with the company that has your best rates . Be sure that you are comparing the same plans when you compare prices . |
Is Life Insurance Ethical? | If you asking if the concept of Life Insurance is ethical , the conscience of mankind and many religions affirm the concept of making a plan to help care for those for who you are responsible , if you are not there to fulfill those duties due to death . If you are asking if Life Insurance products are ethical , they must meet extremely high standards . If you are asking if the sale of Life Insurance is ethical , that does depend , somewhat , on who you purchase it from . All Life insurance agents are bound by rules of ethics , and must take ethics classes periodically to hold a license . However , you still would be wise to review the agency you are using to be assured that it will go above and beyond to give you a fair and honest assessment . | In order to get a life insurance license in Pennsylvania you must complete any pre-licensing requirements and then take and pass the state insurance licensing exam . Once you have passed the exam the state will issue your resident producer 's license . You will also be subject to a background check before the state will issue your license . |
My son does not live with me and he is 25, Do I have to carry him? | In California insurance follows the automobile . All the drivers in the household are considered when determining the rate . If your son is no longer in the household he doesnt have to be included . If he is driving one of your cars , and the car is registered in your name or your are a co-registrant you should call your agent and get advice . This is particularly critical if he is operating your car in another state . | This depends on what type of critical illness insurance we 're talking about . For individual policies purchased privately , no premiums are not deductable . For group plans offered by employers , premiums can be deducted by the employer . |
What's A Health Insurance Premium? | A health insurance premium is a monthly rate that you pay for your health insurance coverage . The idea of health insurance is to protect yourself in the event of a catastrophic event -LRB- e.g. breaking a bone and having surgery to repair the fracture -RRB- . You 're , in short , pooling the risk so you 're not stuck with a massive bill should an extremely expensive service be needed . Other benefits such as routine preventative care are included in every plan as well to reduce the risk of needing more critical care services . | Children can be covered under a family plan but the parents have to be on those plans . Some states offer coverae for children but there must be a financial or economic reason for the childs inclusion . The best way to cover children with health insurance is to place insurance on the parents or legal guardians and extend it to the chidren . |
Does Your Spouse Have To Be Your Beneficiary For Life Insurance? | No your spouse is not required to be the beneficiary , but someone has to have insurable interest and exposure to economic loss . So if its not your spouse , can your name a beneficiary that will qualify with the life insurance company ? Keep in mind the policy owner controls the policy . After the policy is issued the policy owner should be able to change beneficiaries . | Home fire insurance works on the basis of shared risk . An insurance company brings together people with similar risks so that they can share losses if there are any . Since such a group would have houses of different values , locations , and exposures , the company uses statistics and experience to develop rates that would apportion the risk to the various houses . If in a particular pool the total exposure or risk is $ 1 billion dollars , your portion of the actual risk might be only $ 700 . |
Does Your Spouse Have To Be Your Beneficiary For Life Insurance? | Of course you can name someone other than your spouse as the beneficiary of a life insurance policy . In California you need your spouses signature in order to name anyone else . Naming a trust as beneficiary is a common estate planning tool . When a charity is the beneficiary the premiums themselves might be deductible as a contribution under IRS rules . Incidentally , naming a lender might not be a good idea . There are other ways to protect a lenders interest short of naming them as beneficiary . | A 401K Plan a Retirement Plan is an ERISA sanctioned qualified plan that allows pretax contributions into this employer sponsored retirement plan . For 2013 contributions you can contribute up to $ 17,500 and if youre over age 50 you can contribute up to $ 23,000 . Keep in mind that some employers match your contribution to some degree , so it may be something to consider . |
Does Your Spouse Have To Be Your Beneficiary For Life Insurance? | No , your spouse does not have to be your beneficiary for life insurance . You can choose your children , although if they are minors , it is better to leave the money to a trust or another trusted adult who you know would use the death benefit for their welfare . You can choose anyone or any entity to be your beneficiary who has some financial input in your life . E.g. Parents who gave you some money , a business through which you have a loan , grandparents you care for in their home or yours . | A life insurance professional can provide a customized analysis using one of the conventional methods which center on a capital needs analysis . The calculations look at how much you need as a lump sum to create an income for your family . For a high level view , you can run some numbers yourself . There are a wide variety of online calculators available such as this one : WEBSITELINK Online calculators can help you visualize the need and better prepare you for a planning discussion with your agent who will help you ensure you have the right amount of life insurance . |
Why Do I Have To Have Auto Insurance? | Great question ! It is a very common question - why do I need insurance ? The purpose of insurance is to protect against risk . To help provide the money that would be needed to replace or repair the vehicles , and to provide for personal or property damages that might be incurred . You need the insurance , to protect yourself first , and to protect the other driver that you may hit . Cars are expensive to repair , and lives are irreplaceable . Even if you have n't had an accident in years , I 'm guessing that the minute that you do , you will be very happy that you had it . If you would like to discuss this more , please feel free to contact me , I 'm happy to help . Thanks for asking ! | Fortunately the answer to your question is `` No '' . The Affordable Care Act -LRB- ObamaCare -RRB- applies directly to major medical health insurance coverage and spills over into the areas of dental and vision insurance -LRB- through the mandated inclusion of pediatric dental & vision coverage in group & individual health insurance plans -RRB- . At this time the Affordable Care Act does not extend to disability and life insurance plans . |
Why Do I Have To Have Auto Insurance? | There are a couple of reasons behind compelling us to have auto insurance . The first is legal . In most states these days , Connecticut included , one must have auto insurance in order to register a car and operate that car on public roads and highways . That is a pretty compelling reason in and of itself . Further , though , if you purchase a new car and have an auto loan or if you lease your car , the finance companies will also require that you have and maintain auto insurance as a condition of the loan or lease . | A stolen motorcycle is not covered under a renters or tenants policy . All coverage for a motorcycle is contained in a motorcycle policy . A renters or Tenants policy covers the personal property which specifically excludes motor vehicles . The only exception would be a motorized vehicle that is used to maintain the property and is not licensed for road use . |
Why Do I Have To Have Auto Insurance? | Auto insurance is required in most states . However , thousands of drivers drive without insurance . The uninsured motorist premium on an auto policy indicates the magnitude of that problem . Auto insurance is the mark of a good citizen . Are you concerned about someone injured as result of your negligence ? Those injured will seek damages in court . How will you handle that ? If your car is damaged in an accident what will you drive ? | That is a great question ! One of the great things about the Affordable Care Act -LRB- Obamacare -RRB- is that insurers can no longer deny you coverage for `` pre-existing conditions '' . All insurers must offer you policies . I suggest that you check out the WEBSITELINK site when you are ready to shop , and see if you qualify for help in paying for your policy -LRB- another benefit of the law is a subsidy that helps pay for the policy if you qualify -RRB- . Another plus the law gives us ? No more lifetime caps on your treatment expenses . Happy shopping ! Thanks for asking ! |
Does Home Insurance Cover The Roof? | Unless the roof was excluded from your originalhomeownerspolicy which is rare . -LRB- Possiblyfrom poor conditions when the insurance policy was first obtained -RRB- . A roof is covered for certain perils of a homeowners policy . If you carry special form you would be covered for Fire , wind , hail , falling objects , smoke , vandalism . The roof would not be covered for normal wear and tear which is the responsibility of the homeowner to maintain and upkeep . Specific details of a potential loss should be discussed with your agent as they would befamiliarwith your policy and specificcoverage 's . | If you wish to cancel any insurance policy you can start by contacting the local agent that helped in getting you the policy in the first place . If that is not possible then I would suggest contacting the carrier directly . If you do not have their phone number then I would check the policy for a contact number or look it up on-line . |
How To Start Your Own Retirement Plan? | The fundamental concept to understand is that you will earn a finite amount of money during your earning years . That amount of money will meet your current needs . Unless you shift some of that money into a retirement plan you may have a substantial decline in your standard of living when you stop working . There are many ways that you can prepare for retirement but visiting with a retirement income advisor is the best . | No you do not health insurance under Obama care is just giving the government more power over your life such as if you live or not and no one should have that authority but our father in heaven.You can buy outside on your own in my opinion you can do what you wish but I do n't think that would be a good decision . |
How To Start Your Own Retirement Plan? | Once you have a full time job , you want to establish the discipline of paying yourself first . Paying yourself first is the money mantra of retirement planning . The first step is to determine if your employer offers a defined contribution plan like a 401 -LRB- k -RRB- , especially if the employer matches any portion of your contribution . If theres no retirement plan at work , you may want to explore tax deductible IRAs that generate taxable income or nondeductible ROTH IRAs that generate tax free income at retirement . | The differences between Annuities and IRA 's is pretty simple . IRA 's are considered qualified meaning you have to follow the limitations to how much you can contribute . Annuities by themselves do not have any limitations other than any limitations insurance companies put on them which are always higher . IRA 's are subject to RMD 's or required minimum distributions meaning at at 70 1/2 , you will be required to start taking distributions from your IRA as outlined in IRS rules . |
Does Medicare Cover Weight Loss? | Medicare covers some weight loss programs when medically necessary . There must be a health condition that would be alleviated by weight loss in order for Medicare to pay . The program can include counseling , or , if more is needed , Medicare may pay for more options , including gastric bypass surgery under certain conditions . | I am so glad you asked . Many are confused about when you can change your Medicare plan . The answer is simple . If you have -LRB- or want -RRB- a Medicare supplement plan you can make the switch any time during the year . Medicare Advantage plans can only be changed during open enrollment unless you have a special election period . |
Does Us Auto Insurance Cover Driving In Europe? | Usually not . US Auto insurance typically covers you while driving throughout the 50 states and in US territories . You usually are also covered if driving in Canada , but there may be a requirement that you carry proof of insurance on a Canadian form document , so check with your Insurance Professional . You should also ask if there is coverage if driving in Mexico as many policies place limits there too . | Uber is an interesting new concept and with it there are new questions . Without reading your policy I can only give you a general answer but the personal auto policies I have read and studied have an exclusion related to the use of the auto to carry passengers for a fee without an endorsement modifying the limitation . I snagged this particular exclusion language for you from the ISO Personal Auto Policy -LRB- a common base for auto insurers to use in creating coverage -RRB- : For that `` insured 's '' liability arising out of ownership or operation of a vehicle while it is being used as a public or livery conveyance . Source : ISO Personal Auto Policy PP 00 01 01 05 . There might be newer versions but this has been a longstanding limitation in the personal auto policy . |
Does Erie Auto Insurance Cover Rental Cars? | Without specifics , `` it depends ... '' on what state the policy is written in . I am in New York and the NY Personal Auto Policy is required -LRB- by statute -RRB- to have some type of `` Rental Vehicle Coverage Endorsement ' . It is not optional . The endorsement sets forth an Insuring Agreement , Definitions , Priority of Payment , Exclusions , Subrogation , Duties after an Accident or Loss , and General Provisions . Coverage for the actual damage to or loss ofthe rental vehicle -LRB- with limitations -RRB- is provided ` regardless of fault . ' The endorsement does not set forth value or limit . Theoretically , I can rent a Rolls Royce , total it , and my carrier most likely pays the rental company the $ 350,000 value of the car including loss of use . My NY Rental Vehicle Coverage does not pay the ` reduction/diminution in value of the vehicle ' in the event it is repairable - thiscoveragecannot be added to my policy . Diminution of Value coverage is available through the physical damage insurance offered by the rental company -LRB- aka the collision damage waiver , etc -RRB- . A thorough reading of an Erie Personal Auto Insurance policy issued in your state is warranted as my answer only applies to theNew York Personal Auto Policy . Commercial or Business auto policies address rental vehicles in a different manner - a topic for a separate question . | Non-qualified tax deferred annuities can be individually owned , jointly owned and owned by a qualified individual retirement account or employer sponsored qualified retirement account . In the case of a qualified individual retirement account or employer sponsored qualified retirement account , the ownership is individual , but for annuitization purposes can be joint annuitants . |
How Much Life Insurance Do I Need In Canada? | Canadian life insurance professionals would approach life insurance needs analysis in much that same way as we would in the US in most cases . The focus would be on estimating cash and income needs . The one area where there may be a slight divergence is in the area of estate planning since there is n't an estate tax -LRB- though there are other transfer costs where life insurance can provide estate liquidity -RRB- . Consult with a life insurance professional near you to start the process . | Universal Life Insurance is a product with no inherent moral component to it except for client suitability , i.e. some savers or investor may not be suitable for the product . Universal life -LRB- UL -RRB- insurance has four policies : guaranteed UL -LRB- generally for indemnification -RRB- , current assumption UL , indexed UL and variable UL -LRB- should be for supplemental income . -RRB- |
How Much Life Insurance Do I Need In Canada? | Typically insurance NEEDS are determined by assets , liabilities and goals and desires ! So really Wants become a very real consideration . And this is true no matter where you live . If you are married and have a family , if you should die , do you want them to be able to continue in the same lifestyle as they live now for the rest of their lives ? Or do you just want to have your funeral paid for and maybe some of your creditors paid off ? My advise is to seek out an experienced insurance adviser , -LRB- or a few -RRB- , and ask them to help you figure out how much life insurance you should have to cover your needs and wants . | Technically , no one can take out a life insurance policy on you without your knowledge . You must sign the application and engage in the underwriting process -LRB- phone interview , exam , or whatever is required -RRB- to give your consent . If another person would forge your signature , that would be insurance fraud and subject to penalties . |
Does Medicare Part D Cover Cymbalta? | Medicare Part D prescription drug plans are sold by private health insurance companies . Each plan is going to have a formulary -LRB- the list of drugs a plan will cover -RRB- . Not every formulary is going to cover every drug . You can look up which plans cover your prescriptions on Medicare.gov using the `` find health & drug plans '' tool . | Over 36 million Americans are classified as disabled ; about 12 % of the total population . More than 50 % of those disabled Americans are in their working years , from 18-64 . New Social Security Disability Insurance -LRB- SSDI -RRB- applications increased 21 % from 2.3 million in 2008 to 2.8 million in 2009 . In December of 2010 , there were over 2.5 million disabled workers in their 20s , 30s , and 40s receiving SSDI benefits . One in seven workers will be disabled for more than five years . These are statistic and disability claims from Social Security Administration , Disabled Worker Beneficiary Statistics , ssa.gov and the U.S. Census Bureau . If these numbers are any indication , then individual disability insurance claims may be similar . |
Is Home Insurance Compulsory? | Homeonwers insurance may be required by your mortgage lender , but as of this time and based on my knowledge homewoners insurance is not required by law . A home is a major purchase and homeowners insurance is highly recommended . It will help protect you and your family against a severe financial loss due to a covered event . | If you do n't get health insurance , then do n't get sick ! You may have to pay a special tax for breaking the law but it will only be $ 95 in 2014 -LRB- increasing in later years -RRB- . But you do n't want to do that ! Utilize an experienced broker who can help you find , compare and apply for affordable healthcare coverage in your area . You 'll be covered for most medical expenses and can utilize free preventive benefits . |
Do I Need Medicare If I Have Private Insurance? | It is really a matter of what coverage you have through your private insurance . Comparing your current coverage and out of pocket exposure to what is available with medicare and a supplemental plan would be the best way to determine which route it best for you . I find that if you are covered on a spouse 's plan and your premium is several hundred dollars per month and you have a considerable deductible , opting for medicare and a supplement may be a no brainer . Find a broker who can help you compare your options . | Enhanced annuities are also called impaired annuities . When calculating how much lump sum premium is needed to provide a given income for your lifetime , insurance companies use actuarial tables . These tables are based on age , sex and health . If your life expectancy is much lower based on a health impairment for example you could apply for an enhanced annuity . If approved your level of income would be higher . That is a simple explanation of a potentially complex subject . 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 . |
Do I Need Medicare If I Have Private Insurance? | Maybe , maybe not . The two things to compare are the cost and the coverage . Very seldom is private insurance cost effective compared to Medicare with a Medicare Supplement especially when you factor in the out of pocket costs . Be a good consumer and compare all the details with your local agent . | If I 'm understanding your question correctly , you 're asking which person -LRB- example : you or your spouse -RRB- would be the primary person on your medicare coverage . Is that 's your question , then here 's the answer ... . There is only one single person on a medicare `` policy '' . Each person applies individually and each person has their own card . So each person that is on Medicare is primary and nobody else is on their `` policy '' or card . |
What Is Best Retirement Plan For Self Employed? | If youre self-employed , in a low tax bracket and have at least 15 years before retirement , many advisers are recommending Roth IRAs or non-modified endowment contracts life insurance held for the life of the insured . Both can generate tax free income at retirement and have less restrictions that am ERISA qualified plan . | 100 % of all Americans die . Whole Life Insurance policies pay the majority of death claims . If you want those you love to be protected when you die , whole life is the safest way that you can do it . There are tax advantages and internal returns that appeal to some but just to know that the company will pay the death claim when you die and never change the amount of the premium is very appealing . |
Does The Government Tax Life Insurance? | One of the best reasons why people buy life insurance is because there the proceeds are not subject to income taxes . There are situations where the benefits can be subject to estate taxes . The most well-known situation is what 's commonly referred to as the `` Goodman Triangle '' -LRB- named after a court case -RRB- . This is when the policyowner , the insured , and the beneficiary are three different parties -LRB- e.g. a husband is the policyowner , the wife is the insured , and the kids are the beneficiaries -RRB- . When structuring the policy , you want to have two of the three parts being the same person/entity -LRB- e.g. policyowner and insured are the same person and beneficiary is different or policyowner and beneficiary and the same person and insured is different -RRB- . If a policy is owned by a trust such as an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- , the insured and beneficiary will be the trust and the insured will be the person who 's life the trust was created for . | Single people can use life insurance for many purposes . Perhaps they want to leave an inheritance to a favorite relative , or a donation to a favorite charity . Life insurance is a tax favorable way to pass wealth to another person or group . They may have debts that they want to pay off in a quick and simple manner with the cash that life insurance provides . They may want life insurance so that a business partner can buy their share of the business upon their death . Life insurance is also a good resource for paying funeral expenses . It does not go through probate and is awarded in a fairly quick time frame . Single people often choose to take out some extra final expense life insurance coverage to help pay for the costs associated with settling their estate . |
Does The Government Tax Life Insurance? | If the owner and insured person of a life insurance policy passes away , and has no surviving spouse , the death benefit of the policy will be added to the value of his/her estate . If this total exceeds state or federal estate tax exemptions , the excess would incur estate taxes . As of now , only 21 states have state estate and/or inheritance taxes . The exemption for federal estate taxes in 2013 is $ 5,250,000 . So the government taxes relatively few policies with estate taxes . Life insurance is not subject to income tax , except in some cash policy situations . If someone collects their life insurance proceeds periodically rather than in a lump sum , they will be paid interest on the as-yet-unpaid amount , and the interest is taxed . Generally speaking , the tax benefits of life insurance is one of the features that make is so desirable . | You should get long term disability insurance as soon as you begin working for a living . When you start out , like most hard working Americans , you need to work and earn an income in order to live . This ability becomes your most valuable asset . It is always prudent to insure your most valuable asset . Disability replaces the lost income due to an injury or illness so serve you can no longer work . |
Does The Government Tax Life Insurance? | The government taxes insurance companies on their earnings so indirectly we all pay additional premiums that are built into the cost of insurance . From a consumer perspective a policy 's cash values are not taxed on withdrawal unless the gains in the policy exceed the premiums a policyholder pays . The death benefit is tax free which is one of the biggest benefits of life insurance . | Is protecting your paycheck worth paying between 3 to 5 % of your annual compensation ? Most working Americans have 90 days of cash reserves for emergencies . If a disability occurred because of a prolonged sickness or injury recovery , could you sustain your lifestyle and good credit ? If the answer is no , you need disability insurance . |
Can You Change The Owner Of A Life Insurance Policy? | Life insurance is personal property and can be owned by a person or entity . Only the owner can change the ownership of the policy . And keep in mind that there may be ordinary income tax ramifications on the value assessed on the policy beyond its basis . Its prudent to have a tax consultant assess the tax ramifications of any ownership changes . | One of the most successful people I have observed was a teacher who saved the maximum amount possible in a tax deferred plan offered within her district and she did this for over thirty years ! She was a millionaire . The truth is that once you make a commitment to any percentage of your income you will find it fairly simple to maintain that percentage . Time is the key ingredient , the longer the time the more growth you will experience . |
Can You Change The Owner Of A Life Insurance Policy? | Only the owner of a life insurance policy can change ownership of the policy to someone else . If the owner passes away , the ownership of the policy goes to the contingent owner . If no contingent owner was named , the ownership of the policy goes to the estate . There the will , or intestate succession if no will exists , determines ownership . | Yes you may open up a policy on your mother . How old is she and is she needing just final expense , a term policy , or whole life . Depending on value . You may buy the policy and be the payor of the poli y while she is the.owner of policy . Just as if she bought the policy herself or she may sign for ownership while you pay . |
Can You Change The Owner Of A Life Insurance Policy? | Yes . Keep in mind that when you change ownership you lose all control of the policy and turn it over to the new owner . Make sure you have a solid reason for doing so . Some common practices would include : Making a funeral home the owner and beneficiary so that the funeral can be prepaid , assigning ownershio to a Funeral Trust , assigning ownership to a trusted family member . There are other reasons but again remember that you lose control over the policy . | As with any insurance policy , your first call should be to your local agent or the carrier of the policy . Your agent or carrier may request for you to sign a document verifying that you wish to discontinue your insurance coverage with them . If you are changing carriers the agent that you are working with should be able to make your transition between the carriers relatively quick and simple . |
Who Has The Cheapest Disability Insurance In Wisconsin? | The answer to who has the cheapest Disability Insurance in Wisconsin will vary from person to person . That is because some companies cater to certain professions , others have the best price for persons of a certain age , etc. . And the price will vary depending on the bells and whistles you choose , the elimination period you select , and other features . Using a broker that sells Disability Insurance from multiple companies can help you find the cheapest rate for the best coverage . | If you know what company the policy is from , just look them up and call . You will be asked to provide a policy number , identify yourself and what you need to know . If you do not know the company name , you can do a search on MIB , Inc. . For a fee , they have the ability to search for Life Insurance policies that have been lost . Here is the website : WEBSITELINK Good Luck . |
Who Has The Cheapest Disability Insurance In Wisconsin? | You should really ask , `` which company offers the best value in disability insurance in Wisconsin '' . `` Cheapest '' often ends up being a poorly written plan of insurance , which might not pay benefits when you might expect them to . Much depends on your age , your occupation , your income , medical history , and tobacco use . An old mentor of mine used to preach `` never buy the cheapest parachute , the cheapest elevator or the cheapest motorcycle helmet ; they might not work when you need it to work ! '' I am located in the Milwaukee area , call me at 262-240-9933 if you want to talk . | Life insurance is a mortality product designed to protect the beneficiaries from economic harm based on the death of the policy insured . There must be an established financial interest between the policy beneficiaries and the policy insured or the contract will not be issued . The policy insured must sign the life insurance application to agree to coverage on their life . The amount of coverage must also be justified through financial supported data . |
Who Has The Cheapest Disability Insurance In Wisconsin? | Along with what Peggy and Steve mentioned , make sure whoever you choose as your agent presents you with multiple quotes for disability insurance . Too often , consumers think the `` cheapest '' policy is best , but it 's likely that the cheapest policy offers to poorest coverage . Your agent , assuming he or she does n't represent just one company , should be able to provide you different quotes that reflect different types of coverage -LRB- e.g. different benefit periods , elimination periods , different company , etc. -RRB- . | When a car is totaled , the insurance company will pay for the value of the vehicle at the time of the loss . Of course , mileage , condition and market value are sefveral factors that impact the amount you receive . The `` Blue Book '' and `` Grey Book '' are two resources that are used to determine your payout . Often , you have some influence in the payout , so allowing a broker to help you research try values may put more money in your pocket . |
When Can I Sign Up For A Medigap Plan? | Insurance companies sell Medigap policies . A reputable insurance agent can discuss the differences between the plans and companies . Speak with someone who has knowledge and experience . Friends and family usually do not.Someone who can carefully explain the differences between Medigap and Medicare Advantage plans . Then you can make an educated decision . | Once you are pre-qualified in health , earnings and compensation cap , you should select which tax strategy you qualify for : you can insure up to 60 % of your compensation tax free with nondeductible premiums or insure up to 80 % of your compensation taxable with deductible premiums through a business benefit arrangement . |
Is Homeowners Insurance Included In Association Fees? | More than likely not . I am not sure which type of association you are referring to : condo versus homeowners . If it is a condo association , then part of your association fees will go towards the master policy . The master policy covers the building from the walls out and common areas . It is rare that association fees will go towards an individual unit condo policy -LRB- HO-6 -RRB- . If it is a homeowners association , then the fees go towards the board , common area maintenance and insurance for the common areas . All home owners are required to purchase their own homeowners policy -LRB- HO-3 -RRB- . I hope this helps . | Some carriers offer a percentage deductible in some states . In that case the amount of property coverage for the residence is multiplied by the percentage deductible to develop how much of the claim is the responsibility of the homeowner . |
Can I Get Disability Insurance If Pregnant? | No you will have to wait until the baby is born . No insurance company will want to accept the increased risk of complications . Disability policies are designed to protect againstunforeseenrisks . If the company knows you are pregnant then it also knows that there may be a period of time you will not be able to work after the baby comes . It would be buying a claim . | What is the best life insurance policy to purchase ? The one that works best for your needs and is in force when you actually need it . The reason there are so many different types of life insurance is because there are so many different needs . It truly is a situation where one size does not fit all . Avoid agents who push one choice and one choice only . |
Can I Get Disability Insurance If Pregnant? | Can I get disability insurance when pregnant ? Well possibly , but you wo n't like that they would exclude covering time off for the pregnancy as it is a pre-existing condition . Depending on your health at the time , and where you are at in the pregnancy , you could be covered , but not for the pregnancy . | You must first meet a work requirement to qualify for Social Security Disability Insurance . If you are over age 31 , you must have paid Social Security taxes for at least 5 of the past 10 years . If younger , the number of years are lower . To collect benefits , you must prove that you are unable to work due to a medical condition . If you have been disabled for a year or more and are determined disabled by SSDI examiners , you will may be qualified medically to receive Social Security Disability Insurance benefits . |
Can Insurance Company Drop Your Home Insurance? | A car insurance company can drop your homeowner 's insurance . It happens every day . For example , if your driving record was clean and you had no claims for 20 years , but you had three recent fire , vandalism or theft claims on your home insurance , there 's a good chance you will be cancelled . | In some situations Medicare will cover some of the cost of your stay in a nursing home . Admission to the nursing home must follow a qualfied stay or at least 3 days as an inpatient in a hospital . If Medicare approves your claim for a stay in a skilled nursing facility , your Medigap plan will pay their portion . |
Can Insurance Company Drop Your Home Insurance? | A homeowners policy can be cancelled if the home is not as represented in the application . A recent client indicated that they didnt have any pets . When a company representative visited the home they were introduced to the familys favorite pit bull . This resulted in a cancellation letter . There are other similar situations . Of course , the policy can always be cancelled for not paying the premium . In fact most companies have very little tolerance for late payments on any property policy . | Can a life insurance companies raise premiums on policies ? It depends . A life insurance policy is a contract and terms of the contract will dictate whether or not premiums can or will be raised . For example if you have a guaranteed whole life policy the wording will probably indicate premiums level . If you have a term policy that renewals after 10 years , then the premium will rise . A previously mentioned , you would be bested served meeting with a local independent broker to help you determine what plan is right for you . 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 . |
Can Insurance Company Drop Your Home Insurance? | Yes an insurance company can non-renew your homeowners insurance policy for several reasons . Main reasons are change in risk . This could be due to claims or hazards on your home that have increased and as a homeowner you fail to mitigate . In other words if the insurance carrier can no longer tolerate you as a risk the insurance carrier can chose non renew . Keep in mind all polices are self terminating at the end of a term and the insurance company can chose at that time to either offer a renewal or chose to not renew . This is not an actual cancellation . Cancellations are actually much more difficult . The only way a cancellation occurs is if you the insured fail to make a payment or often on a newly written policy a hazard was not dealt with or there was mis-representation on the application . These types of cancellations however fall on the insured and not the insurance provider . | There are several variables that that need to be factored in to establish a premium price tag for your parents . The price tag depends on your gender , age , smoking status , health history , current medical condition , and prescriptions . A nonsmoking male age 60 and in good health will pay around $ 5700 a year for 20 year term life insurance for $ 1,000,000 of coverage . -LRB- Female same scenario $ 3900 . -RRB- |
Can Insurance Company Drop Your Home Insurance? | That is a great question ! There are always reasons that a company would choose to not do business with you , and every one of them are preventable by you . The big three ? When you filled out your application you were less than truthful . What might seem to you to be a harmless white lie is still fraud to a business that values honesty , and promises to pay you their money based on your representation of that honesty . The second is when you change the terms of the contract without telling them . You add a pool , trampoline , or certain breed of dog , yet fail to tell the company , so they have an opportunity to protect themselves from the increased risk you just put them under . The last is your failure to make timely agreed upon payments . If you were the company , I 'm sure you 'd see it the same way , especially if it was your money at risk . I hope that helps . Thanks for asking ! | Good Question . Yes you should purchase a builders risk policy while the home is under construction . The homeowners insurance policy has a 60 vacancy clause and is designed for an owner occupied primary residence . The homeowners insurance policy is not designed to cover the risks associated with a home during the course of construction . Some builders risk policies will `` carve '' out liability coverage . Be sure to purchase a policy that includes liability and also request a certificate of insurance naming you as an `` additional insured '' from the contractor -LRB- s -RRB- . |
Is Health Insurance Sold Across State Lines? | Yes , Health Insurance can be sold from Brokers who are located in other states . These Brokers do have to get certified in order to be listed as one of the Brokers you can use . These Brokers decide which states they want to work in and be available to prospective insured . When you go online in your state , search out the agent who you want to use to confirm their authorization to support you through the sign up process . | The MIB is a an organization made up of life and health insurance companies that exists to allow them to share medical information , similar to how Credit Reporting Agencies exist to share financial information . Sometimes people are denied a life insurance policy based on information provided by the MIB . While the information provided by the MIB is usually accurate , there could be misinformation there that would cause you to be denied insurance . You can get a copy of any information the MIB has about you by going to their website www.mib.com . |
When Can A Disabled Person Apply For Medicare? | A disabled person can apply for Medicare Part D after two years of receiving Social Security Disability benefits . If you have been receiving SSDI for 24 months and live in one of the 50 states in the United States , you will automatically be enrolled in Medicare Part A and Part B. | Insurance is voluntary in that it can always be cancelled . The best time to cancel a policy is when it is up for renewal . At that time insurance companies know that most customers shop for better policies/better rates and it is expected that some policies will be cancelled . If you cancel at the right time there is no further premium payment obligation on the insured . |
When Do You Need Long Term Care Insurance? | You need to have the coverage in force at the time you have long term care expenses . So , to need to plan ahead . It is always best to buy when you are young and healthy . So , the best time to buy is now . Delaying purchase of long term care insurance can result in paying higher premiums since they increase at older issue ages . Also , your chances of becoming uninsurable for long term care insurance increase with age . Long term care can impact adults at any age so it is never too soon to purchase insurance for it . The average age of purchase has been falling in recent years as more people are purchasing it at younger ages . Many are buying in their 40s and 50s . | IRMAA stands for Income Related Monthly Adjustment Amount and is the extra premium that persons with higher income must pay for Medicare Part B and drug coverage . IRMAA Medicare Part D uses the income on the 2011 tax return in determining whether higher premiums should be charged . The extra premiums range from $ 11.60 to $ 66.60 / mo in 2013 , for incomes over $ 85,000 . |
How Much Can Money Can You Save On Your Insurance Costs Once You Get Married? | I can not speak for other types of insurance , but when it comes to life insurance , getting married may or may not result in savings on your life insurance policies . Some policies do offer a spouse rider or discount when husband and wife apply , but I can almost always save money for the couple by putting each spouse with the carrier that has the lowest prices for their particular health details . Also , if you already have a reasonably priced policy with many years left on it , replacing it may not be in your best interest . Consulting a reputable agent by phone or in an office can help you determine how to save money and still get the most suitable coverage for you and your new spouse . | Keep in mind AARP is not an insurance company . New Your Life pays for the endorsement and the right to market under the AARP banner . Just because a policy is offered under the AARP name does not `` necessarily '' guarantee a better rate than you can get elsewhere . AARP is a good organization and New York Life is a good company , all I am saying is shop and know what you are buying . Whenever you buy something over the TV or in the mail you risk getting hurt because it is very easy to be confused by some of the advertising that is done . Having a good local agent is almost always the best choice . |
How Much Can Money Can You Save On Your Insurance Costs Once You Get Married? | That is a great question ! There are some really important decisions for you to make when it comes to your insurance policies now . Here are some things to consider : 1 . -RRB- Do n't forget to change the beneficiaries on your life insurance policies to reflect your new spouse . If something were to happen to you , would n't you want them to get the money ? 2 . -RRB- Look at your auto insurance policies - shop both companies and see who will offer the cheaper rate for you , if your spouse were to be added to your respective policy . Consider the advantages of consolidating your renters/homeowners policy there also , to gain bigger discounts . 3 . -RRB- Your marraige qualifies as a life event that allows you to switch your health insurance coverage . Whose policy is cheaper to add the other to ? Check into that also . You can save a bundle , with just a few phone calls . I hope you find that true for you . Congratulations , and may God bless and keep your marriage ! Thanks for asking ! | We have had a large number of ` fallen tree ' claims following wind strorms . In each and every case , the insurance carrier will send out a claims adjustor to assess the damage and try to assess the health of the tree . The only coverage that exists on a homeowners insurance policy or a landlords insurance policy would be in the Liability section . The liability section will afford coverage as a result of the negligence of the covered party for damage to others . If the tree was healthy and the cause was Wind , an ` Act of God ' is not negligence on the part of the insured , thus the claim would be denied . If , however , the tree was in bad health -LRB- perhaps rotten in part -RRB- and the tree fell and caused damage to another party , this situation would be deemed negligence on the part of the insured and the claim would be covered . Although we are a home insurance processor and not claims adjustors , this scenario has played out multiple times and we feel confident that it is generally a good rule of thumb . |
How Much Can Money Can You Save On Your Insurance Costs Once You Get Married? | In California there isnt a discount available for married people . Single drivers pay the same as married drivers based upon their years of experience and driving record . Life Insurance policies are available to joint lives regardless of the marital status . Homeowners policies , likewise , do not lower the cost for married couples as opposed to other arrangements . Marriage may be an asset in many regards ; however , it does not enjoy lower costs in the insurance world . | The answer is yes . I have never met anyone who regretted starting an insurance policy . In fact most wished that they had started even earlier . There are two reasons for this . The premium is at its lowest and it allows you to establish the habit of putting that money aside each month . That last aspect could become the most important as many people actually save more money in their life insurance policies than they do elsewhere . |
What To Look For When Buying Critical Illness Insurance? | The definition of a listed critical illness is most important in evaluating critical illness plans . Too often the salesperson -LRB- or buyer -RRB- will read the big print and ignore the actual definition of the illness . Cancer is normally a covered item but some forms of cancer may pay a reduced amount . Another issue is buy a plan that is a health policy , not a life insurance plan with a rider . | Yes , you can get life insurance with ulcerative colitis . Each carrier may respond very differently to this condition - they each have their own underwriting guidelines -LRB- e.g. company A offers a better risk class than company B , therefore lower premiums from company A -RRB- . The risk class a carrier will approve for your program will depend on the details of the medical history including how long you 've had the condition , the severity , ulcer history , and other factors . This type of condition can result in a substandard rate class -LRB- table-rated program -RRB- with many carriers so you will want to work with an independent life insurance broker who can shop the case for you . Keep in mind , applying to multiple carriers at once can be a red flag and work against you . One of the most common parts of the underwriting process is an MIB check -LRB- the Medical Information Bureau -RRB- . For example , if the MIB check shows you 've applied to 10 different companies and you 've gotten declined several times or been rated with a high table-rating , the carriers will obviously express concerns . |
What To Look For When Buying Critical Illness Insurance? | The main thing to look for in buying Critical Illness Insurance is the list of conditions that it covers . Most policies only pay in case the condition is life threatening and disabling . Thus , low stage cancer is usually excluded or pays a reduced benefit , even though cancer itself is a serious disease . | Nplate is a prescription drug so it would not be covered under Original Medicare -LRB- Parts A & B -RRB- - you can use the plan finder tool on the Medicare.gov website to see what prescription plans will cover the medication as well as enroll in a plan -LRB- if an available time to - e.g. having a special enrollment period or it 's the annual enrollment period -RRB- . |
How To Get Group Health Insurance As An Individual? | You generally need at least 2 qualified people to get group insurance . Qualified meaning employees . If you 're asking because of pre-existing conditions , remember that pre-existing conditions wo n't matter anymore starting January 1 , 2014 due to healthcare reform . The other advantage of group insurance is that you pay the premium with pre-tax dollars , but again , you must submit documentation proving employee status . | The Insurance Services Office is an independent organization that sets the protection class for most properties in the United States . Most companies subscribe to this service and issue policies based upon their classification . This information is not always current but getting it updated can be a slow process . For example , often fire districts merge and the service to a location might have previously been 15 minutes and is now 2 minutes . Getting that noted is difficult . |
How Much Does Vacant Home Insurance Cost? | The cost of insurance coverage for a property that is vacant is going to vary depending on the many factors that go into determining the rate . Some of those factors are : geographic location , valuation of the property , age of the property , claims history of the insured and the property , along with many others . In my experience I have seen most start at about $ $ 900/yr . | If you live in a state that requires auto insurance you could be ticketed , fined , and possibly have your license suspended or revoked depending on your mvr history . Worse yet is the thought that you are involved in an accident now you possibly incure the previous along with being financially responsible for an damages that you caused . This could devestate you and your family financially for the rest of your lives . Contact your local agent to get coverage today , do n't risk it . |
How Much Does Vacant Home Insurance Cost? | In our case we charge about 30 % above the normal occupied rate however there are some insurance companies that do not even write any property insurance for a vacant dwelling . Best idea is call your current agent and find out if he or she have the ability to write vacant dwellings . Finally rmember most companies have a 30 day vacancy clause meaning if the property is vacant more than 30 days there may be limited coverage or no coverage on your policy . Consult your agent for more informaiton . | The answer to who has the cheapest Disability Insurance in Wisconsin will vary from person to person . That is because some companies cater to certain professions , others have the best price for persons of a certain age , etc. . And the price will vary depending on the bells and whistles you choose , the elimination period you select , and other features . Using a broker that sells Disability Insurance from multiple companies can help you find the cheapest rate for the best coverage . |
How Can I File A Complaint Against An Auto Insurance Company In Tennessee? | Complaints regarding any type of insurance in TN need to be filed the TN Department of Consumer Insurance Services . You could contact them by phone at 615-741-2218 . They will listen to your complaint , but ultimately will direct you to their special online form found on the state 's website.You can bypassthetedious process of drillingdown through the state 's websiteand find theonline form to complete at the following link : - WEBSITELINK | There are 11 different Medigap Plans which are also known as Medicare Supplement Plans . All of the Medigap Plans have a letter so that you can tell them apart . For example , Plan F or Plan G . This was done in an effort to make it easier for people to review the different plans . Deciding which of the plans that will be best for you is very individual decision . You can save yourself a lot of time by working with an independent agent that specializes in Medigap Plans . They will be able to review your options with you and explain the differences in the plans . You can also run an instant quote & compare Medigap Plans by visiting SummitMedigap.com . |
Does AAA Homeowners Insurance Cover Pitbulls? | That 's an easy one . No . Pit Bulls are on the vicious dog list and are not acceptable by any insurance provider that I am aware of . However there are a limited few insurance providers that will allow you to have the pit bull as long as there is not bit history . But liability for a dog bite will be excluded . | When the employer contributes to the pension plan , they normally set up a vesting schedule . As an employee serves they are progressively vested in the pension plan and in particular to the contributions made by the employer . If the employee leaves the plan prior to becoming fully vested they can withdraw a portion or nothing , depending upon the vesting schedule . Fully vested means that you own 100 % of the pension plan benefit . |
What Type Of Retirement Plan Is Based On A Formula? | All group retirement plans that are covered by the Employee Retirement Income Security Act ERISA are based on some formulaic process . This formulaic process is used to ensure against discrimination in the plan . Federal law defines discrimination as a plan that too heavily favors highlight compensated employees . Highly compensated employees are employees who earn over a certain amount in annual income , as of 2013 that amount is $ 115,000 . | That is a great question ! When you consider that there is an estimated $ 3 trillion in employer payments for insurance , and their burden of risk , it sure makes sense that it wo n't take long for somebody to decide that there is big profit in not insuring the employees . By law , the bigger employers have to offer something for health plans , but a trend now is to offer the employees a subsidy to help pay for a plan that they pick for themselves off the Affordable Care Act -LRB- Obamacare -RRB- website . In a move that is designed to relieve the employer of the risk , and a great share of the cost , -LRB- equaling great profits -RRB- the employee is able to `` pick a plan better suited for them '' . I would expect to see a lot of this , as soon as they are sure that it withstands legal scrutiny . Thanks for asking ! |
How Much Does It Cost To Add A Person To Auto Insurance? | More , less or nothing ! Insurance companies use many criteria in rate calculation . Age , driving record , occupation , vehicle usage can all affect the rates either up or down . If you 're adding your just licensed son or daughter , you can count on a rate increase . But the most reliable way to find out what your costs will be is to make a call into your insurance agent . It will take only minutes to get you the info you need . | Life insurance policies that are designed for cash accumulation build up a reserve of cash that you can borrow from at any time for any purpose . You ca n't borrow 100 % of the cash in your policy , but usually up to 90 or 95 % depending on several variables . You can take a fixed loan from your policy which means the cash comes out of your account and you stop earning interest on this money . The charge for a fixed loan is usually very low -LRB- 0 -2 % , depending on policy -RRB- . The second type of loan is called a variable loan or participating loan . With this loan , the money comes out of the insurance company 's general account , so your money remains in your account earning compound interest . The interest rate for this type of loan is higher - usually 5 % or more or a variable rate . The amazing feature of this loan is that you can borrow money at 5 % -LRB- for example -RRB- , but your money may be in your account earning 7 % or more , creating a positive arbitrage . Borrowing against your life insurance policy can be an excellent option , but you should discuss the pros and cons of this strategy with a knowledgeable advisor . |
How Much Does A Red Car Increase Insurance? | This will more than likely vary from carrier to carrier and even possibly location to location . Based on my education and experience within the industry so far I would guess that the amount is minimal as color of the vehicle to be covered is not a question that is normally asked of a prospect . | An insurance rider is a way of making your policy more suited to your particular desires , without adding onto the price of the policy for everyone else . E.g. . If your children are all grown , you do not want your policy premium to include coverage for children . But you may want to purchase a rider that would pay your premium if you were to become disabled ; a cost that another person might find frivolous . Riders allow you to tailor your policy to best suit your needs , while keeping it at the lowest possible cost . |
How Much Does A Red Car Increase Insurance? | I am not sure what carrier you are with or what state you are in But in all the years that I have been in the industry I have NEVER seen the color of a car make any difference on the rates for your insurance . . Every carrier that we use does n't even ask the color of your car . I have for many years been told this is one of those so called tales that pop us and people think it is the color of the car that makes the rates . If your agent did n't ask you about the color of your car and nor did your carrier then I am sure that it makes no difference as far as rates got . | I am going to assume you are asking about back payments -LRB- retroactive -RRB- rather than benefits for illness or injury to your back -LRB- which may or may not be covered under your critical illness plan -RRB- . Most policies have a time limit for filing a claim , usually 6 months but your policy may have a longer or shorter time frame . |
When Does Your Car Insurance Go Down? | In California car insurance premiums decline as you become a more experienced driver . They decline if you elect to forgo certain coverages . They decline when you get farther away from your bad driving record . They go down if a student in your household is a good student . They go down when you drive fewer miles annually . | That is an excellent question ! The investment gains within your Roth IRA are not subject to capital gains taxes . As long as your gains are contained within the IRA , you are n't subject to any taxes on those gains . That is one of the best reasons to have one . Your contributions are taxed before making them , so like life insurance , it is n't taxable coming out . There are rules about making qualified withdrawals that have to be followed to keep your withdrawals tax free during the first five years , but they only apply to the gains , not the contributions . -LRB- Those can be taken out at any time without penalty , other than loss of earnings potential . -RRB- Roth 's are excellent investment vehicles , particularly when considering the tax implications . Thanks for asking ! |
Why Is Life Insurance An Important Part Of A Financial Plan? | Financial planning is comprised of three basic ideas : The Transfer of Assets , The Accumulation of Assets and the protection of assets . The protection of assets is , by its very nature , defensive planning . Life insurance defends your beneficiaries , whether family members , business associates and charities who financially depend on you . | The operative word here is effective . A life insurance agent is obligated to serve his/her client , never the insurance company . A life insurance agent must familiarize themselves with the broad range of product inventory to serve the needs of his/her client . A life insurance agent must have a handle on the tax items and associated tax strategies of life insurance to best serve his/her client . A life insurance agents original title was field underwriter and it that spirit he/she must have a working knowledge of the various health conditions that effect he/her client . These are just the beginning of becoming an effective life insurance agent . |
What Is Apartment Renters Insurance? | This is a form of homeowners policy that is designed for a renter . It doesnt have any coverage for the building itself . It provides coverage for your personal property -LRB- clothes , furniture , appliances , etc. -RRB- It also provides liability insurance . It will cover lawsuits that come from bodily injury and property damage . This form of insurance may be required by a landlord , but it is the only way that you can recover your personal property when it is destroyed . It is also the only way you can avoid the tremendous expense that accompanies a law suit . | Some people might explain `` living benefit '' Term life insurance as having a cash value . The description is not accurate , because the cash in a living benefit policy comes from the face amount , is not available to use unless the insured person qualifies in some way . I.e. , is diagnosed with certain chronic illnesses , is unable to perform two or more ADL 's , and/or is medically determined to be terminally ill . However , that could be what you are referring to . |
How To Calculate Fixed Annuity? | Only insurance companies write annuities . An annuity is calculated based upon the life expectancy of the annuitant . The number of annuitants who make it to the next year is fairly high , the following year , somewhat fewer and so on until you reach life expectancy . At that point half of the annuitants will have died . Then the mortality tables illustrate that every year the percentage of survivors will be reduced significantly and the number who die will accelerate . However . some will make it to 110 but that is all in the actuarial calculation . Spreading the risk over many lives allows the insurance company to make accurate projections of the amount of money they will need to provide the promised benefit . | Assuming you mean term life insurance versus permanent life insurance there is no quantitative value comparing each to each other . Purchasing term life insurance and permanent life insurance are product suitability issues based on the financial plan of the life insurance prospect . Term life insurance covers temporary liabilities and permanent life insurance covers perpetual liabilities of the policy insured . Term life insurance can be purchased in increments of 5 , 10 , 15 , 20 and 30 years with guaranteed level premiums . Guaranteed universal life or participating whole life can , with many carriers , cover you to age 121 . |
Why Do Guys Pay More For Car Insurance? | Car insurance rates are rarely a moral issue . If guys have worse driving records than young women , the company can ask many states to allow them to rate them separately . In California , that isnt an option . There are only a few rating factors in California and sex isnt one of them . That doesnt make insurance cheaper , it merely means that there isnt a distinction between male and female drivers in California . | Sleep apnea can affect life insurance ratings on premiums . The severity of the sleep apnea can effect coverage from a standard issue to a decline for coverage . The underwriters are more concerned with the symptoms associated with the sleep apnea . If it is causing high blood pressure , insomnia , depression , etc. and not controlled most carriers would decline . If it is controlled surgically or with a Cpap machine the rating would be minimal . |
What Do They Test For When Getting Life Insurance? | In a nutshell , life insurance companies test for signs of illness , tobacco use and drug use . The lab tests detect signs that the liver , pancreas , kidneys , heart , and other organs may be malfunctioning . They also detect cotinine , a byproduct of nicotine , and some illegal drugs . These results enter into whether the policy can be approved , and the price that the insured person will pay . | Blood tests are covered under Medicare as long as they are medically necessary and prescribed by your doctor . This would fall under Part B of Medicare and unless you have a Medicare Supplement or Medicare Advantage Plan then you would be responsible for 20 % of the Medicare approved cost . |
What Do They Test For When Getting Life Insurance? | Every company has their own markers that they look for when underwriting a policy because they each have their own underwriting guidelines they follow . When you take an exam for a life insurance policy , you usually have a blood test and urine test in addition to the health questions and vitals check . For older individuals , the carrier may ask you to complete an EKG as well -LRB- seniors may also be asked to complete a mature assessment - this looks at cognitive and mobile abilities -RRB- . Common things carriers look for in these tests are cholesterol levels , A1C levels -LRB- A1c is your blood sugar control - in short , a check to see if someone is diabetic or are already diabetic and have good control -RRB- , liver function studies , kidney protein levels , any nicotine , to name a few things . There are other values that carriers look at in the results , but they will vary by carrier . If you 're uncomfortable taking an exam , there are non-medical policies available , but you will pay a higher rate -LRB- in short - it 's compensation to the carrier for taking on more risk since they wont have a full review of your medical history to underwrite the case with -RRB- . I would recommend consulting with an experienced broker before applying for any coverage to review your options and see what will work best for your program . Please feel free to contact me for further assistance . Thanks very much . | PIP coverage - personal injury protection - is a required , optional coverage here in Texas . This means that if one elects not to include it on their auto insurance policy , that the coverage has to be rejected -LRB- rejecting the coverage requires the insured to sign a document noting that PIP coverage was offered and that the insured does not wish to obtain PIP coverage and is rejecting this coverage -RRB- . If one does elect to reject PIP coverage , it can always be added on the auto insurance policy at a later date . Contact us at 469-206-8048 and we 'll be happy to review your situation . Or you can e-mail me at WEBSITELINK . |
Where Do I Apply For Medicare? | You can apply for Medicare online at www.medicare.gov . If you are receiving Social Security at age 65 , you will automatically be enrolled in Medicare Part A and B . This website will explain that and give you the forms needed to apply for Medicare online . Otherwise , you may visit your local Social Security Office or call 1-800-772-1213 . | Getting married does not automatically kick you off of your parents ' health insurance plan.You can stay on your parents ' health plan up until age 26 . What getting married does is give you and your new spouse a special enrollment period to apply for a new plan if you want to look at other coverage and see if there is a better option for you . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
How Can I Compare Health Insurance Quotes In New York? | Comparing health insurance quotes in New York is fairly easy and does n't take long . It 's important that you compare rates through an experienced broker and their reputable website . After you provide some basic information , you can compare rates and coverage from the major companies in the state . Keep in mind that starting in October of 2013 , Open Enrollment begins for 2014 effective dates . You may be eligible for a federal subsidy that reduces your premium . And pre-existing conditions will be covered . As an experienced broker , our job is to find affordable plans that provide the benefits you need at the lowest possible cost . And of course , there is no cost or fees when using a broker . Hopefully this helps ! | The amount of car insurance liability you need depends on the state minimum limits for your state and your own financial situation . Your budget may not allow you to purchase the needed limits of bodily injury and property damage that you should carry . An experienced broker can not only find the best prices , but determine which coverages are the most economical for your specific situation . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates . |
Why Is Smart Car Insurance So Expensive? | Vehicles are given price group symbols which is a number that works as a rating factor forvehicles These numbers are based in large part on performance and how well a vehicle does in an accident and the costs that may potentially follow . I 'm pretty sure performance is not an issue with a smart car but while I do not know for certain my experience tells me anytime a smart car is in an accident it 's probably a total . Since the car has not been out for a real long time experience may change symbol of the vehicle . | 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 |
Does Life Insurance For Children Work? | In what way do you mean ? As a college funding choice , possibly , but it would require significant investment that might be better spent on the parents to insure college . A life insurance policy on a child is a good idea for several reasons . Set up properly it is a financial cornerstone to a sound financial portfolio beginning for a child as they grow into adulthood . Imagine locking in a price that is extremely low and having it gain in value over the years into adulthood . Add the option of guaranteed insurability to the plan and you 've taken away the ability for an insurance company to say `` no '' to your child in the future . That is extremely valuable . Now , let 's look at the sad side of insurance on a child . What if you need it ? As heartbreaking as it would be to lose a child , imagine having to figure out what you can `` afford '' for a service or headstone ? Imagine how much time you 'll need off of work and what your employer would cover salary wise ? For the same reason I purchased insurance as a young single man , long before I went into this business , I did n't want a double or triple whammy for my parents who would already be dealing with my death . Throw lost wages in there and having to find the money to bury me and I 've created devastation in my household . While may God forbid , if you were to lose a child , is n't that enough ? | Employee sponsored health insurance is when your place of employment provides your healthcare . Often it is affordable if they are paying most of the premium . Sometimes it can be very expensive . In those types of situations , you should consider purchasing private coverage through reputable and trusted brokers . If they have a website that is kept up-to-date , that will also be helpful . |
When Does A Life Insurance Policy Become Effective? | The timing of life insurance becoming effective depends on a few things . If you apply for life insurance and submit the minimum initial premium with the application , the company 's `` conditional receipt '' will determine when the coverage begins . Each company 's terms will be a little different . If you applied for the insurance without submitting any premium , the coverage usually would n't begin until after the application is approved and you submit the initial premium . | I life insurance policy is a contract that operates outside of probate . Debtors present obligations to probate . The only way that life insurance proceeds would be used to satisfy debtors is when the beneficiary has died or the beneficiary was the estate . There are ways that a debtor can secure their debt with life insurance and many do that . Mortgage companies can not secure debt with a life insurance policy , their recourse is the residence . |
What Is A Shadow Account For Life Insurance? | A shadow account refers to the secondary guarantees of guaranteed universal life policies . There are a creative accounting practice by some life insurance companies to mitigate the cost of reserving . Last year AG38 was imposed as an industry wide regulation to compel life insurance companies to reserve more cash to the guarantees . Although some life insurance companies withdrew from this market , guaranteed universal life is still a significant product line among brokerage carriers . | Baby boomers are already putting a considerable strain on Medicare and will continue to impact the system for another 20 years or longer . Boomers are massive in number and are living longer than previous generations . As a group they are not as healthy as previous generations . These factors mean more demand on services and lower revenues as boomers retire . |
I have full coverage auto insurance, so is anyone who drives my car covered? | It would be a very good idea to talk with your Insurance Professional about this so that you have a solid understanding of the terms and conditions of your particular policy . In general , standard personal auto policies that I have seen provide coverage to you , your resident family members and anyone who you designate to drive your car . | You may as long as the cash value exceeds any surrender value in the policy . Note that surrender value decreases as the policy ages so that they may not be any surrender charge in older policies . You should also be aware that any interest that has been generated within the policy and tax-deferred will become fully taxable in the year the policy is surrendered . |
I have full coverage auto insurance, so is anyone who drives my car covered? | In California the automobile is insured . The premium is based in part on the drivers in the household but it is the automobile that is the covered object . The automobile is insured as long as it is being operated by a licensed driver using the automobile with the permission of the owner . Any loss the driver sustains will be a mark against the automobile and could affect renewal premiums . | Universal life insurance has two main types : guaranteed universal life and current assumption universal life . Current assumption universal life has two sets of rates , i.e. current company practice and contractual guaranteed rates . It also has three crediting methods : interest rate , indices and separate sub accounts using equities and bonds investments . Participating whole life insurance has guaranteed rates with the potential to return unused premium to the policy owner called non-guaranteed dividends which are declared by the board of director of the insurance company . |
I have full coverage auto insurance, so is anyone who drives my car covered? | It would be best that you speak to your Agent/Broker or Insurance company for detail explanation of your policy . But It depends on your policy or state as to whether it would be covered or not.To answer your question `` In small word 's '' if you voluntarily hand your keys and lend your vehicle to someone else -LRB- your brother getting some food at the super market -RRB- then yes they would be covered . Now the only policy that i seen that would not covered it is a Texas policy that is called Named Driver only policy in which you name who are the only persons that would be covered under that policy . I can only speak for NYS so I would advice you to speak to your agent or company if they would covered this type of accident . Thank you . | Most major medical plans do cover alcohol and drug rehab treatment as well as a host of other psychiatric issues . Some plans will have annual plan limits for outpatient and inpatient care . Also , some individual major medical plans may not have any psychiatric benefits , while others will include psych benefits but only after a waiting period of 12 months or so . Check your policy for exact coverage and any limits . |
Does Medical Insurance Cover Car Accidents? | If you happen to live in a state where it is mandatory that your car policy includes coverage for primary medical benefits , then that portion of the claim must be handled by your car insurance company first . Once those benefits are exhausted , the claim may then be turned over to your medical insurance provider . States where such coverage is voluntary as opposed to mandated , if you choose to carry medical coverage on your car policy , it would work exactly the same way . | What age is considered young for long term care insurance ? When you turn age 50 , youll more than likely receive an invitation to join AARP . Most advisers start addressing long term care needs at age 50 as part of their retirement strategy for their clients . But age 60 seems to be the age where long term care becomes a serious consideration . But if your family has a predisposition to disease or a geriatric history of nursing home care , you may not want to wait until age 50 . When youre young and healthy , long term care insurance is relatively inexpensive . If your family fits this profile , you should investigate long term care even if youre age 40 . |
Does Medical Insurance Cover Car Accidents? | That is a great question ! The answer depends upon your policy , and your State . Some States require that you carry liability as part of your insurance coverage . If your policy does , then there will be a specified amount that will be paid for someone that you injurer 's hospital bills . If you do not have liability , then chances are you will be sued for those expenses . If your policy specifies that it will pay for your medical expenses , you will receive whatever the limit there is . To find out for certain , please contact your agent , or look on the declarations page of your policy . I hope that helps - thanks for asking ! | Without Medicare , health care costs for older or disabled persons would be very high priced . With Medicare to offset them , the costs are relatively reasonable . Even with the costs of Medicare going up , the premiums are very low compared to what you would pay for health insurance in the private sector . |
What Is Pay As You Go Car Insurance? | There are not many carriers that offer such a thing . The pay as you go is really not the best way for them to word it . Hallmark insurance offers this type of coverage it really is just a 30 day policy lets say you made your payment on the 10th you get an insurance card that would say it expires on the 10th the following month . Then the next time you come in and pay let say this time it is the 15th then your policy renews on the 15th but you have had 5 days with no insurance Many people like this option how ever the rates can be a bit higher as the carrier anticipates that you will not be renewing the policy . Contact your local agent and ask them if they have just 30 day policies rather then pay as you go they will be more receptive to quote you and also they understand that you are looking for a shorter term | That is a great question ! But a difficult one to answer ... Most companies will offer several interest strategies on an annuity , and those can be dependent upon market fluctuations , or contractual stipulations . They can change daily . Other annuities will have set interest rates that may change monthly , or may remain the same . Rates will vary from company to company , and from annuity to annuity within the company . Your best bet is to contact the agent for the company you are interested in , and ask for the current rates . Anything that I 'd tell you here would most likely change before you read it . But thanks for asking ! |
Does Renters Insurance Cover Garage Theft? | If the garage is part of the premise that you rent , you may coverage through your renters policy . Your personal property is covered up to a dollar amount specified within the policies limits . Please read your policy completely to understand what coverage is provided and exclutions that there may be . | Qualified plans are a sanctioned government retirement plan with tax deductible contributions , tax deferred accumulation and taxable distribution including basis . An example of this would be the ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- Some plans allow employers to match employee contributions . There are several qualified plans available for individuals as well as employer sponsored like 401 -LRB- k -RRB- s , 403 -LRB- b -RRB- s , 412 -LRB- e -RRB- , SEP IRAs , IRAs , etc. . |
What Type Of Retirement Plan Is Best? | The first consideration is whether the retirement plan should be qualified or non-qualified ? The size of your business and the cost of the plan are determining factors . The second consideration : what is your effective tax bracket ? The third consideration : How much are you willing to contribute and for how long ? Once these questions are answered then the selection process will be narrowed and your choice quantified . | Be sure to look at your state regulations however Life Insurance in general should not affect Medicaid , especially if it is just a term type or non-cash value building policy . The issue with Medicaid of course is how much money do you have and income you have . If you can draw income from your Life Insurance then , it may affect your qualification . |
Does Renters Insurance Cover Burst Pipes? | If you are renting a property -LRB- your the tenant -RRB- and a pipe bursts damaging your personal belongs then your personal belongings would be covered under water damage by your renters policy . Also if the water damage made your home temporarily un-livable you should also be covered for loss of use by your renters policy . Your are not responsible for the pipe itself . This is the duty of the landlord to repair . | Of course you can buy insurance online but make sure that you are covered properly and that the carrier is allowed to sell in your state . I have seen many clients buy online thinking they have something and then have a loss and find out that they did n't have the coverage they needed . A local agent can also quote you and many times be less then the online quote . I have personally quoted with the same carrier as an online and beat the rates that they had been quoted with better coverage . Also some agencies like our is available 24/7 you always speak to you agent check and see what your coverage 's that you selected online and then call and agent to make sure your covered right and a good agent will tell you if the rates is right and the coverage is right |
Can A College Require Health Insurance? | Colleges and Universities typically do require that you have qualified health insurance coverage . As an experienced health insurance broker with 33 years of experience , we often discuss these plans with customers . Remember that you can either accept the University plan that is offered , or choose your own plan , that may be less expensive with better benefits and a larger network of doctors and specialists . When choosing your own plan , there will be specific college requirements that should be met . | There are different deductible with each part of Medicare . These deductibles also change each year . Below are the amounts for 2013 . Part A deductible is $ 1,184 for first 60 days of hospital stay . Day 61-90 is $ 296/day . Day 91-150 is $ 592/day . After 151 days , you pay all of it . Part B deductible is $ 147 per year . After the deductible has been met , Medicare will pay 80 % and you pay 20 % of any Part B covered service . For a stay in a skilled nursing facility , days 21-100 , you pay $ 148 per day . After the 101st day , you pay all costs at a skilled nursing facility . These amounts can be quite large in some cases and that 's many people choose to cover these deductibles and copays with a medicare supplement plan . |
Can A College Require Health Insurance? | That is a great question ! Many colleges require a minimum amount of health requirements , especially when it comes to immunizations . We are required by the Federal Government to have health insurance coverage , and because so many people do n't have coverage , yes , many colleges do require it . The last number I saw was approximately 35-40 % of Colleges require health insurance coverage -LRB- ACHA 2008 study , if I remember correctly - I have kids in college -RRB- . That number may be higher by now . Having the requirement allows the school to lower their liability , and helps protect the student body . If you need insurance , please feel free to contact me , I 'd be happy to help . Thank you for asking ! | Many leases will require you to carry 100/300 liability limits so if for some reason you want to carry lower limits you will see a premium difference there . Other then that the premiums are no different then if you owned the car yourself . If you are in a position to lease a car you should be carrying a minimum of 100/300 liability limits anyway . |
Can You Get Your Life Insurance License With A Misdemeanor? | Yes . Almost anyone can get life insurance . The difference is the company , type , amount of coverage , and the rate paid . Each company has its own set of policies offered and standards for each of those policies . There are many life insurance companies out there . If one does not have a product that fits your needs seek another . Do use a local agent that you are comfortable with this will help should you ever have other questions about your policy or need to re-evaluate your coverage . It will be a point of contact that you are already familiar with . | 403 -LRB- b -RRB- plans were also called tax-sheltered annuity back in the day . A 403 -LRB- b -RRB- plan is a tax-advantaged retirement savings plan under Economic Growth and Tax Relief Reconciliation Act of 2001 for public education organizations , some 501 -LRB- c -RRB- -LRB- 3 -RRB- organizations -RRB- , cooperative hospitals , and self-employed ministers . Employee salary deferrals into a 403 -LRB- b -RRB- plan are made pretax and they grow tax-deferred with distributions taxable when withdrawn from the plan . |
Can You Get Your Life Insurance License With A Misdemeanor? | Most life insurance companies will accept a misdemeanor with a few provisos like drug related activity . But by and large its not a deal killer . If there are no other mitigating circumstances with the potential insured , it will more than likely be treated as any other applicant and the policy issued accordingly . | That is a great question - unfortunately , at their age finding a policy will be tough , and if you do , likely very expensive . I 'd suggest that you have a look at some of the funeral homes in your area , and see about their funeral plans . They will usually have a financed plan that will allow you to make payments on the services that you choose . It might be a good thing to have your parents go along , and pick out the services , etc. that they like , so you wo n't have to when the time comes . These are tough decisions , and your parents are lucky to have you to help them . If you would like some help with understanding the plans , please feel free to drop me a line , I 'd be happy to make some time for you and go over it . Thank you for asking ! |
What Role Does Reinsurance Play In Life Insurance? | What role does reinsurance play in life insurance ? Reinsurance is a safety net used by insurance companies when a large face amount of coverage is purchased to spread the risk a bit among themselves and the reinsurer . They pay the reinsurance carrier for their risk and involvement in the policy . The insured usually does n't know this is happening . Any claim would be paid through the primary carrier . | Medigap plans have very low max out of pocket costs other than the monthly premium . The plan benefits ca n't change from year to year . There is also no network with a Medigap plan which means you can go to any doctor or hospital in any state . If they take Medicare they will take your Medigap plan . Medicare Advantage plans often have a very low monthly premium or no premium at all . However , the max out of pocket costs can be as high as $ 6,700 per year . The plan benefits can change every year . The network of doctors and hospitals can also change from year to year . Doing a needs analysis with a licensed agent that specializes in Medicare plans will further help you to determine what is best for your specific situation . |
How Does Medicare Hospice Work? | Medicare pays 100 % for most health care expenses incurred while receiving hospice care . Hospice care is reimbursed by Medicare if the patient 's condition is terminal and treatment for the cure of the condition has ceased . Pain management , comfort measures , therapy , counseling , and necessary medical equipment are all covered by Medicare . The Medicare recipient will be required to pay a co-pay for a hospital stay to give respite to the caregiver . | The cost to create a life insurance trust is based upon the attorney you use to set the trust up . Each attorney will likely charge different fees for the work involved in putting together the trust documents . Please feel free to contact me for help with putting together the life insurance or if you have any other questions . Thanks very much . |
Who Is Eligible For Cobra Health Insurance? | Persons eligible for coverage and who were covered under the employer 's group health plan as of the date of the termination of employment of the employee are eligible for COBRA continuation . Generally this means the employee themselves and possiblytheir spouse and/or children . The COBRA Federal continuation requirements apply to companies with more than 20 employees , groups smaller than this operate under guidelines from their state insurance commissions that vary from state to state and are often not totally consistent with COBRA legal requirements . The most notable area of difference usually being the period of time a person can continue their coverage through the group . As such , the size of the employer group a person is leaving can also determine whether or not COBRA applies to them at all . One of the reasons COBRA was originally implemented was to keep people with pre-existing medical conditions from immediately losing their health insurance coverage when they lost a job . Since January 1 , 2014 pre-existing condition exclusions and underwriting have been eliminated and all individual policies have become guaranteed to be issued . In addition , for individual health insurance plans bought through the government health insurance marketplaces people can be eligible for premium subsidies with income levels up to 400 % of the Federal Poverty Level . For these reasons , while COBRA continuation continues to exist , it is now only an option to be considered for an ex-employee and COBRA continuation is now often not the most cost effective option available . Exploring your options in the individual marketplace definitely makes sense and you should seek out the services of a health insurance broker who represents multiple carriers with products both inside and outside of the government marketplaces . | A life insurance physical usually entails giving a blood sample and urine sample , answering health history questions , being weighed and measured , and having your blood pressure and pulse taken . Sometimes an EKG is given . The exam is usually done in your home or place of your choice and takes about 20 minutes . |
Who Is Eligible For Cobra Health Insurance? | COBRA -LRB- the Consolidated Omnibus Budget Reconciliation Act -RRB- is a program that was passed to allow people to continue group health insurance that would otherwise have been terminated . The most common users of COBRA are employees who leave their job where they had employer-sponsored health insurance , usually after being laid off or leaving the group on their own terms . COBRA coverage can be kept for up to 18 months and is only available to individuals and families covered under a plan with more than 20 employees enrolled . Your premiums under COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . COBRA election applies to each person individually that is covered under a given health plan . Since health insurance is guaranteed issue under the affordable care act , you do not want to wait until your COBRA coverage expires to look for a new policy . Doing so can cost you a lot more money unnecessarily . Consult with an experienced health insurance broker to compare your options and see which plan option will best serve your needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . | When shopping for life insurance , you want to look for the rating of the insurance carrier to make sure it is a solid company . You want to look at the guarantees of the policy , to make sure the premium does not go up for that time that you desire . You want to look at the agency you buy it from , to make sure it gets placed correctly and that they will be able to service your policy in the future . |
Who Is Primary Beneficiary Of Life Insurance? | Life insurance is an indemnification product used in defensive planning to protect the beneficiaries from economic loss due to the death of the policy insured . The first line of indemnification is protecting the primary beneficiary , the one who would suffer the greatest of financial repercussions . In a marriage for example , the spouse of the insured would be first position , primary beneficiary , the children of the marriage could be contingent beneficiaries . | Unfortunately , there is n't one company that is best in the immediate annuity marketplace . Different companies are more and/or less competitive depending on demographics . A company might have better rates for women than men or for someone in their 60s versus someone in their 80s . Some companies also offer inflation adjustments while some do n't . Some companies even allow some access to monies already annuitized . It really depends on the person and their situation . It is best to work with an independent broker that can show you some of the top companies with the top rates so that you can pick what is best for your situation . |
Who Is Primary Beneficiary Of Life Insurance? | The primary beneficiary of a life insurance policy is the one who would receive the money if the insured person passed away . There can be more than one primary beneficiary , with each one getting a certain percent of the death benefit . If the primary beneficiary is deceased , the money is split between the other primary beneficiaries . If there are no other primary beneficiaries , the death benefit then goes to the contingent beneficiaries . | There is no price advantage to buying online as rates are regulated . Often times you are on your own in choosing coverage 's and assuming most who purchase on line are not insurance experts I recommend you consult with an agent before making a purchase . Believe me , I have seen declarations pages from those who have purchased on line and it can be scary to say the least . If you do like to purchase online you also have the fun of dealing with a claim online . For comparisons research online is great . Other then that I suggest you find a local independent agent who can look at multiple companies and advise to the best coverage 's and premiums for your needs . |
Who Is Primary Beneficiary Of Life Insurance? | The primary beneficiary of life insurance is the one who would receive the money if the insured person passed away . There can be more than one primary beneficiary , with each one getting a certain percent of the death benefit . If the primary beneficiary is deceased , the money is split between the other primary beneficiaries . If there are no other primary beneficiaries , the death benefit then goes to the contingent beneficiaries . | Medicare will pay for laparoscopic adjustable gastric band if the following three conditions are met : 1 -RRB- You must have a BMI of 35 or over at the time of surgery ; 2 -RRB- You must have a qualifying health condition associated with your being overweight that losing weight through gastric banding would help ; and 3 -RRB- You must complete a 6 month Physician Supervised Weight Loss Program proximate to the time of the surgery . |
Can You Pay For Car Insurance Using A Credit Card? | Generally you can pay for car insurance using a credit card . Some carriers require that you be on EFT if you want automatic payments taken out monthly , but you do n't have to be on automatic payments . You can just call in a credit card to pay the bill . Most carriers will accept credit cards for the down payment , as well . There are a few exceptions , such as Texas Fair Plan , who only take checks and money orders , but those are few and far between . | A typical renters insurance policy will provide some personal liability and personal property coverage for the insured and the insured 's immediate family that reside at the same premise as the insured . 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 . |
Can You Pay For Car Insurance Using A Credit Card? | Many companies these days offer a wide variety of payment options and included among those is usually payment by credit card . Some enable you to set up automatic monthly charges which makes things very easy to manage in many cases . Your Insurance Professional may also be able to process card payments with you over the phone . | Comprehensive coverage on an auto policy typically covers fire , theft , vandalism , glass breakage and many other items other than a collision . the deductible is generally lower than the collision deductible , and the cost is always less than collision costs . There are many deductible options and an experienced broker can help you determine the most cost-effective choice . Personally , based on my 32 years in the business , I have found that higher deductibles -LRB- over time -RRB- tend to be the most favorable option . |
Can You Pay For Car Insurance Using A Credit Card? | That is a great question . The answer is generally yes , but the better question is why would you want to ? Your rate goes up effectively by your interest rate , and if you do n't pay off your credit card monthly , then you just increase the cost of your insurance over time . Use your credit card only as a last resort when paying bills . If you would like some budgeting help , please contact me privately , and I 'll be happy to help . Thanks for asking ! | A whole life policy is designed to last a lifetime . Term life insurance is not . A whole life policy develops cash values which allow the company to charge a level premium . Term insurance is prohibitively expensive even if you keep a policy only to life expectancy -LRB- 78.9 . -RRB- The cash value in a whole life insurance policy provides flexibility to meet many of lifes challenges . |
What Is The Average Cost Of Life Insurance In Texas? | What is the average cost of life insurance in TEXAS ? Well , there is no real answer for this question . Pricing is based on a individual basis using age , sex , health and habits to determine pricing . Each one of those factors as answered by the applicant also fit them into a class of insured which either lowers or increases cost . | The level premium period applies to term insurance because whole-life and many universal life policies offer a level premium for your entire lifetime . Term life insurance has premiums that go up and get more expensive every year . Most people that buy term pay extra for a level premium for a certain period . That way you can keep the premium affordable for 20-years or so and usually you cancel the policy after that period of time because it will be way more expensive if you try to continue it after that . |
What Is The Average Cost Of Life Insurance In Texas? | The average cost of life insurance in Texas depends on the person . Young people with excellent health pay far less than older persons with poor health . The type of policy also enters in , with permanent insurance having a higher price tag than term . To find the average price for a particular person in Texas , go to a website quote engine that provides quotes for your state . If you choose an instant quoter , you can input different face amounts and terms and see how they vary . | Great question ! You ever get those policy offers in the mail where they have a chart that shows the rates for different age groups ? -LRB- or hear the one on TV that says `` term life insurance for $ 19.99 ? '' -RRB- Look closely , and you will see where every 5 years the rate increases . These policies want to give you a specified amount of coverage , and as it becomes more expensive for them , they pass that cost on to you . The longer you live , the more expensive they become . -LRB- Until your 80th birthday , at which point most of them let you go , and your coverage ends . -RRB- Other types of life insurance policies figure that cost in , and charge you a level premium for the life of your policy . If you would like more information , please feel free to contact me , I 'm happy to help . Thanks for asking ! |
Can You Go To Jail For Having No Car Insurance? | Is it possible to go to jail for nothavingauto insurance . Yes it is possible . Slim but possible . Usually your looking at a hefty fine unless you are either a repeat offender or are involved in an accident or a combination of the two . It is illegal to operate a motor vehicle without insurance . | There are three components to determine life insurance coverage : total financial debt , future obligations and charitable intent . Total debt includes things like mortgage , second mortgage , auto loans , student loans and credit cards . Future obligations include things like childrens education , weddings and retirement . Charitable intent includes nonprofit organizations and making a difference for your children . But the most important factor is your human value measured in your lifes earnings until retirement . These items would indemnify your beneficiaries in the event of your demise . |
Can You Go To Jail For Having No Car Insurance? | It depends upon the state . I can only speak to Michigan laws , and the answer is maybe . In Michigan , if you are driving without proof of no-fault insurance , then you can receive a ticket in the amount of $ 200 to $ 500 and up to 3 points on your license . The reason I say this might lead to jail time is if you have prior points on your license due to not having no fault insurance . Getting pulled over and cited again for the same violation could land you in court and earn you some jail time depending upon the judge 's ruling . I know that is wishy-washy but there is no direct jail time associated with no insurance in Michigan . In summary , talk to a lawyer about it . | The answer to your question is `` it depends '' . If you are still covered under a grandfathered policy not subject to all the requirements of the Affordable Care Act the answer could be either yes or no . You should check with your insurance carrier first and verify if the Gardasil vaccine is covered and , if so , under what circumstances . For health insurance plans compliant with the requirements of the Affordable Care Act -LRB- ACA -RRB- for plan years starting after August 1 , 2012 then the Gardasil vaccination is covered under the preventive care requirements of the ACA . The preventive care requirements of the ACA require that several vaccines be covered at no cost sharing -LRB- i.e. - no copay -RRB- to the member and Gardasil is one of these specifically for the prevention of the Human Papillomavirus . This requirement applies to essentially all individual and group health plans subject to the ACA though there is a limited exception for certain non-profit religious organizations such as churches and schools . |
At What Age Should You Get Disability Insurance? | You should secure disability insurance when you enter the workforce full time . Disability insurance is part of defensive planning . Most American workers have 90 days in cash reserve and could not maintain their lifestyle without income . Disability insurance is paycheck protection during times of protracted sickness and/or injury and can generate tax free benefits when you need it most . | It depends on your personal financial goals and tolerance of risk . It is best to consult a financial adviser who will take the time to discuss the advantages of both and how they relate to your personal situation . No two peoples situations are alike . Depending on how the 401k is set up you may possibly stand to receive greater gains than a basic Roth IRA but there may also be a greater chance of loss . There are also a variety of ways these can be set up , so it would depend on the details of the products being used . |
How Does Health Insurance Work In Ohio? | Health insurance in Ohio is available through a number of different sources . An experienced broker and their website are a great way to obtain free quotes -LRB- online or phone -RRB- and apply for affordable coverage . The Ohio State Health Exchange will offer Open Enrollment in October of 2013 for 2014 effective dates . Pre-existing conditions will be covered and a federal subsidy will be available to persons that qualify . | Life insurance is mathematics . There is the probability of death over a certain period of time . If for some reason the company wants to offer a term policy with cash value that can be accomplished . Several policies are available that provide a sum of money upon the termination of a specified period of time . To provide these sums the premium is adjusted to make sure that money can accumulate in the policy . |
When To Enroll In Part B Medicare? | Most people will automatically be enrolled in Medicare Part B at the same time they are enrolled in Medicare Part A . They will receive their Medicare card in the mail three months before their 65th birthday or in the 25th month of their disability . If you or your spouse is working at a job with over 20 employees where the group health insurance provided is your primary carrier , you may delay enrolling in Part B. Call the Social Security Administration at 800-772-1213 to discuss before delaying or turning down enrollment in Medicare Part B . | There are many companies that provide insurance for mobile homes . If you check the yellow pages in your telephone book -LRB- if you can remember what that is , -RRB- you should be able to find agents that handle mobile homes . You can also find the information by doing an on-line search . If you contact most insurance agents they can provide you with motile home coverage . It is not an unusual policy to find . |