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What Happens If I Cancel My Life Insurance? | My answer would be `` do n't do it unless absolutely necessary '' ! The reasons mentioned above are great , but also think about your health which will affect what you premium payments would be . Several health issues will affect your premiums : Smoking , if you quit for a year some companies will give you a better rate . High Blood Pressure Diabetes Many many others . It is becoming increasingly harder today to get an insurance companies best preferred rate . This is due to better testing and reporting by your doctors . So if you have a good rate on your policy when you bought it the odds are you wo n't qualify for that same rating several years later . | Life insurance is exempt from creditors in Minnesota if the life insurance is left to a beneficiary other than the estate . If the life insurance goes to the estate -LRB- either on purpose or by default because all the named beneficiaries are dead -RRB- , the money will go through probate , where creditors can collect on it . If the life insurance is left to a person , creditors can not take it -LRB- unless perhaps the beneficiary was a co-signer to the Insured 's debts -RRB- . |
What Happens If I Cancel My Life Insurance? | Also keep in mind that if you should cancel a whole life insurance policy yet decide to purchase another later on , the cost will have increased . They unfortunately increase with age , so this is something to seriously think about . Also as Steve mentioned , you put your beneficiaries at risk . | That is a great question ! There are a couple of reasons why your homeowner 's insurance company would ask for your sister 's renters policy . If your Sister filed a claim in conjunction with your Mom , your Mom 's company would want to assess what would be covered under the terms of that policy , and what they would be responsible for under theirs . They may also be trying to determine who is responsible for paying for the temporary housing costs , and for how long that coverage extends under each policy . They may also be trying to determine if some household items were listed under both policies , and filed as claims by both Mom and your sister . Neither wants to pay for something that the other will , if they do n't have to , you know ? It 's a pretty standard practice for insurance companies to communicate between themselves as much is as legally permitted , so that they can make the proper determinations on who is obligated to pay for what , and that payments are not duplicated . I would not worry too much about it . Thank you for asking , and I 'm glad that neither your Mom or Sister were hurt - that is more important than any of their things . |
What Happens If I Cancel My Life Insurance? | Canceling your life insurance terminates your coverage . If your financial liabilities and future obligations still exist , canceling your life insurance will put your beneficiaries at risk . If you have cash value life insurance and there is gain in contract , you may trigger an ordinary income taxable event . | There is one major difference from plan D and N. Plan N has a $ 20 Copay when you go to the doctors office and a $ 50 Copay when you go to the emergency room . Plan N would be better suited for someone that has more office visits in a year . |
Why Are Health Insurance Costs Rising? | That is a great question . While premiums rose nearly 80 % from 2003 to 2012 , they only rose a modest 4 % last year . While the Affordable Care Act -LRB- Obamacare -RRB- did a nice job of reining in costs , and penalizing insurers who were wasteful , there were some inevitable shifting of services , and costs , and without knowing what exactly you are referring to , it 's hard to say . It seems like everything goes up in price from year to year , I suppose medical costs should be expected to also . Wish I had a better answer for you , but thanks for asking ! | Many companies offer renters insurance here in Connecticut . When you are shopping , be sure to review the financial standing of the companies you are considering to be sure that they are solid . When working with your insurance professional , consider the value of all of your personal belongings and do n't forget any higher value items that might be better insured specifically under a valuable items rider or separate contract . I recommend choosing the broadest and most comprehensive coverage you can afford , include replacement guarantee provisions , and at least $ 300,000 personal liability . Finally , ask if you can receive discounts by bundling your renters insurance with your car insurance . |
How Does Health Insurance Portability Work? | HIPAA is the health insurance portability and accountability act . When you lose your employer group health insurance coverage due to loss of your job , you have a guaranteed right to continue your coverage . Portability rights extend to all covered family members individually and collectively . Your `` portable '' coverage is the same plan as offered through your employer . Your COBRA coverage will expire in most cases after 18 months . | It is best to obtain a Free #HomeInsurance quote online and then apply to purchase your Homeowners Insurance directly online . Stillwater Insurance Group provides an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK |
How Does Health Insurance Portability Work? | The idea behind portability is as follows : If a person has carried coverage -LRB- been insured -RRB- prior to starting with another health plan elsewhere , they should not be punished by having a pre-existing condition schedule applied to them as they have no gap in coverage . The idea behind Portability is wing walking , moving from one wing to the other without falling off of either plane . When you apply for coverage , the new provider will ask for a certificate of prior coverage . They will use that as proof and waive any pre-existing condition clauses on the new policy . | Most insurance companies will have internal limits of $ 1000 for property coverage of firearms . If you are speaking about `` accidental discharge '' of a firearm that causes damage to something or someone I would need you to refer to your specific policy . In NY some companies will specifically exclude bodily injury from a firearm . Hope this answer helps . |
How Does Health Insurance Portability Work? | That is a great question ! In Insurance speak , `` portability '' means the coverage travels with you . The typical health insurance policy that is employer issued -LRB- a part of your benefit package at work -RRB- will not be portable , because it ends -LRB- COBRA notwithstanding -RRB- when your employment does . A policy purchased through the Affordable Care Act -LRB- Obamacare -RRB- marketplace -LRB- WEBSITELINK -RRB- on the other hand is portable , since it is tied to you , and not your employer . As a result , you can switch jobs without having to re-insure each time . I hope that helps - thanks for asking ! | Accidental Life Insurance policies will not cover heart attack , even if a heart attack was the cause of a fatal accident . To get coverage for death caused by heart attack or any other natural cause , you must purchase traditional Term or Permanent Life insurance . Life insurance covers death due to natural AND accidental causes . |
What Is Philippine Prudential Life Insurance? | Philippine Prudential Life Insurance Company -LRB- Philippine Prudential -RRB- is a 100 % Filipino owned financial services company . They offer endowment plans , whole life plans , group and permanent plans , healthcare coverage , education and pensions policies , and credit insurance . Philippine Prudential Life Insurance Company was established in 1963 and is headquartered in Pasig City , Philippines . | The premium for a term policy is guaranteed for a certain number of years . If you cancel the policy prior to the end of that term you will have paid slightly more for the coverage than was necessary . Few term policies have any cash value so there isnt anything to offset the cost of having carried the policy . However , if the policy has done its job and is not needed any longer it is not necessary to keep it . |
What Is Philippine Prudential Life Insurance? | Prudential Life Insurance Company is a company domiciled in the states however the Philippine Prudential , best guess as I see from other companies , set this company up to be able to provide insurance and investments in the Philippine 's . Many large Insurance company 's will create other companies so they can work in other parts of the world , following the regulations which otherwise would not work in the states or other countries . | If you want continued coverage for long term care , especially into your old age then you need to pay until youre dead . Some hybrid life and annuity products have long term care riders attached or embedded into the policy that may be able to mitigate some of the cost . And if you dont use the rider , there are still some cash value benefits . |
Is There Insurance For Web Developers Using Services Hosted By 3rd Parties? | It is common practice for it companies to use 3rd parties services in day to day operations , including 3rd party hosting . Your professional liability insurance may be covering your liability arising out of use of 3rd party hosting as long as there is always a written contract between you and your clients , with insurance stipulations , disclosures of your responsibility for use of 3rd party products and services , warranties and hold harmless agreements . The best way to find out is to call your insurance carrier claims department and ask them a `` what if '' question . For example , what if a 3rd party hosting vendor fails and this results in financial loss for me and my client . Am I covered ? | Life insurance proceeds are not charged income tax in Ohio , or in any other state . If the death benefit if taken in installments , the interest on the life insurance payments is taxed . And if the estate is over $ 5,250,000 the excess above that amount will be charged federal estate taxes . |
Can Health Insurance Companies Drug Test You? | When applying for health insurance underwriters can request labs or blood testing based on a persons medical background and history in order to calculate the risk in insuring that person . The insurance company reserves the right to accept or declinea person if illegal drugs show up in the labs . That said ; there will be no underwriting under the `` Obamacare '' state sponsored insurance exchanges beginning October 1 , 2013 and be prepared to pay higher premiums . Anytime you are in the hospital or your doctor requests labs all of your medical information is reported to the medical information bureau . Insurance companies can get access to that information when you apply for health insurance . | The short isit depends on the annuity . There are basically three crediting methods used in deferred annuities : interest rate crediting , indice crediting and separate sub account crediting . Interest rates are generated by the companys predominately government bond portfolio . Most indexed annuities invest their interest rate returns in domestic and foreign index options . Some indexed annuities that credit zero in a given year , still charge policy expenses and which could result in a loss . Variable annuities use equity and bond instruments in their separate sub accounts selected by the variable annuity owner . These separate sub account allocations are subject to market risk , i.e. you can lose money . |
What Is Disability Insurance For Individuals? | Disability Insurance for individuals is a type of insurance policy that pays workers a large percentage of their income if they were to become disabled for a long or short period of time . It goes to the persons who are disabled , to use as they wish . Disability Insurance can not replace 100 % of the income lost , but it can help the injured or ill person get through that time until they can hopefully get back on their feet and back to work . | The things that Medicare covers under hospice are : Services from your physician Nursing care medical equipment -LRB- walkers , etc -RRB- Medical supplies -LRB- bandages , catheters , etc -RRB- Hospice worker Counseling for diet Grief counseling for patient and family Physical Therapy Occupational Therapy Homemaker services Social Worker services Short term hospital stay if need for pain or symptoms Short term hospital stay to provide rest for caregiver -LRB- respite -RRB- |
Will Medicare Pay For Gastric Banding? | 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 . | HIPAA will play the same role as it did prior to the new affordable care act . It will still protect patients medical information and COBRA coverage will still continue under the existing structure -LRB- helping youto continue employer coverage for a while after your employment has terminated -RRB- . Please note , under the affordable care act , coming off of group coverage does grant you a special enrollment period as it 's a qualifying event so you would want to compare options between COBRA and plans available on the individual market - an experienced health insurance broker can help you with this . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
What Renters Insurance Covers Bed Bugs? | The nature of a renters policy is to compensate you for damages that you suffer . An infestation of bed bugs might not meet the criteria of damages . The policy pays these damages for specified perils and insect infestation is either excluded or not included in the list of most policies . The renters policy is not designed to address routine maintenance issues . | That is a great question ! The answer is unfortunately , a lot of times , it does . It is n't always the case , however . Many companies will have a `` forgiveness '' or `` first claim '' benefit , like the ones made popular with the auto insurance industry , your company may be one of those . If your claim is very small , and you have no history of claims , you may not see a rise either . If the claim is a good sized one , then you may well see an increase . Hopefully that 's not the case for you . Thanks for asking ! |
What Renters Insurance Covers Bed Bugs? | Things like bed bugs and other insects -LRB- under the designation of vermin -RRB- are typically excluded from coverage under renters and homeowners policies . 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 . | Is a Roth 401k a tax deferred retirement plan ? Actually the answer is No , maybe some yes if you want to split hairs . You pay income taxes on your contributions to a Roth Plan , you pay no income taxes on the gains the Roth earns over time either while it 's accumulating or when you start spending . |
Does An Annuity Have A Beneficiary? | Yes , an annuity usually has a beneficiary . Generally , if the policy has not yet been annuitized and the annuity owner -LRB- s -RRB- is deceased , the beneficiary will receive the annuity and can choose to keep it , cash it in , or annuitize it . There may also be a death benefit that is paid to the beneficiary at this time . If annuity payments have already been started being paid , then the beneficiary can continue receiving those . If the annuity was a life income annuity there might not be any payments made to the beneficiary unless some guarantees were built into the contract . | The cost depends on how much you need and for how long you need it . Term life insurance can cover a temporary need and is very affordable . For example , if you need coverage for 20 years , and are in excellent health , it may be possible to obtain $ 500,000 coverage or more for a level premium for that duration that amounts to a little more than a dollar per day . Term life insurance is likely to expire before you do . So , for lifetime coverage that you can not outlive , either now or later , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . The tax deferred cash value may be a sensible way for you to build long term savings . You should meet with a life insurance professional who can assist you . |
When Are Medicare Advantage Plans Going Away? | Medicare Advantage plans are probably never going away , but you can expect continued changes in the availability of such plans over the next few years . Congress has been steadily reducing funding for these private insurance plans . Reduced funding has been accelerated because of Obamacare . Expect fewer choices , smaller networks , higher premiums , higher copay 's and higher out of pocket going forward . | The average cost of a Whole Life insurance policy largely depends on the age of the applicant , his/her health conditions , the face amount , and the carrier that is providing coverage . While it is easy to provide an average number -LRB- $ 500 - $ 900 -RRB- , it would be a bit misleading . There are simply too many variables to accurately provide specifics . Typically , among term , UL , VL and Whole Life plans , Whole Life will be the most expensive . Prices can certainly vary , including the dividend scale -LRB- if a participating policy -RRB- and guaranteed cash values . Let an experienced broker shop different companies for you so you find the most suitable policy . |
What Is A Life Insurance Quote? | Great question . Insurance lingo can be very confusing , especially when shopping and trying to compare prices . Here are a few words that can cause some confusion , and how us agents usually mean them . 1 . QUOTE = the price we think you will get based on what you told us . If you are looking for a medically underwritten policy and were not asked many health details , chances are that quote is not very accurate . You can also tell if someone is following a script . There are so many nuances in each person 's situation , that if you find an agent who quotes you more by experience and knowledge than `` if a , then b '' , my opinion is that you will get a more accurate quote and end up with a better rate . 2 . RATE = the price you actually end up paying . Another word is PREMIUM . This is your cost after all the underwriting has been done and your final rate has been determined by the insurance company . 3 . RATING = this refers to the health rating . Examples are Preferred , Standard , Table C . It is what you are rated after the underwriter reviews all your health information . I hope that helps . Feel free to contact me or post any more questions you might have . | That is a great question ! Your policy should have a clause that outlines the details of your conversion process , but here 's what you want to do . If you purchased the policy through an agent , contact them and let them know what you are wanting to do . They will then tell you if your policy is convertible , and if so what that conversion will buy for you in a whole life policy . You should be aware that your coverage amount will be much lower , and if you want to keep the face value that your premiums will become much more expensive . Whole life policies are more expensive than term policies are because of their cash accumulation features , and the higher risk to the insurer - they do n't have to pay out on many term policies , but have to pay out on nearly every whole life one . Decide where your budget allows , and what minimum coverage you want to keep , and have your agent work with you on getting as close to those numbers as possible.I think the conversion is a great idea . If you have questions , please do n't hesitate to contact me , okay ? Thanks for asking ! |
What Is A Life Insurance Quote? | A quote , in short , is an estimation of premium you can expect to pay for your life insurance policy - the premiums can be paid annually , semi-annually , quarterly , or monthly . Please note , a quote is only as good as the information it 's based on . There are 4 main factors that determine the premium for the coverage - your age , the amount of coverage you 're trying to secure , how long you want it guaranteed for , and your risk classification . The risk classification is the MOST important factor in determining how much you can expect to/will pay for your coverage . If the medical history is not factored into the quote -LRB- e.g. you 're only running numbers based on someone 's date of birth and/or height/weight -RRB- , any quotes provided are pretty much meaningless because they do not provide an accurate representation of what you can expect to be approved at . To provide a little background on risk classes : every life insurance company has different underwriting guidelines that determine what risk class an individual qualifies for . Since every company has different guidelines for qualification , one might offer a better risk class than another based on the aforementioned information , resulting in a lower premium for the same coverage . The different risk classes someone can be assigned by a carrier are : Preferred Plus -LRB- sometimes seen as Preferred Elite -RRB- this means the proposed insured is typically in superior health , normal height/weight profile , no chronic illnesses , lab results within normal range , no immediate family members died from heart disease or cancer before age 60 . Preferred this means the proposed insured is in excellent health . Height/weight may be a little over the most preferred range , treatment for high blood pressure or high cholesterol usually acceptable , lab results normal or slightly abnormal . Standard Plus - this means the proposed insured 's health is better than the average . Height/weight may be higher than normal . Standard - this means the proposed insured is in average health and has a normal life expectancy . Height/weight may be on the high side , possible treatment for several minor conditions , one or more parents died from heart disease/cancer before age 60 , slightly elevated lab results -LRB- such as higher than normal blood pressure or cholesterol -RRB- . Substandard - this means the proposed insured has a below average life expectancy -LRB- commonly seen as high risk life insurance -RRB- . Height/weight may be considered obese , treatment for chronic illnesses or major health conditions -LRB- such as prior heart attack , cancer , diabetes -RRB- , abnormal lab results . Substandard ratings are expressed as a table rating , usually designated as Tables A-J or 1-10 . Each additional table increase is usually a 25 % increase over the standard risk class rates . Tobacco user risk classes are preferred smoker , standard smoker , and substandard smoker . There is no preferred plus or standard plus risk classification for tobacco users . It 's best to consult with an experienced life insurance broker who can shop your case among multiple carriers to see who will offer you the most favorable risk classification for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much . | Yes , but you can only buy it from licensed dog agents . :-RRB- Seriously , I can not find any explicit life insurance plan for pets , but I see the some pet health insurance plans have an allowance for pet funerals , burial , and/or cremation . Here is a great website for comparing those plans . WEBSITELINK |
What Is A Life Insurance Quote? | Most consumers look for a `` quote '' as a price for coverage on a given amount . Some quotes can be ran for as little information as policy type , date of birth , state of residence , face amount , length of term if term life and health status . This informationcan calculate a quote which is just an estimate of premiums . The more information you provide the more accurate your price quote . Understand that underwriting has the final word in the actual premium | Generally , Homeowners insurance is paid at the inception of the policy . As you can imagine , an insurance company does n't like to provide coverage without payment . You can pay your premiums all at once or in payments that can be as often as monthly , but you 'll always be paying ahead . The insurance company wo n't usually let you get behind . If your insurance is paid through your mortgage company escrow , they will pay the entire premium and then collect a portion from you every month . They 'll repeat this every year . They can do this because you usually have to pay your first year up front . Then , they 're collecting for next year . |
What Is A Life Insurance Quote? | A life insurance quote can take many forms , however , essentially it is the price of a policy at a given age . In addition to determining the amount of insurance , there are a number of factors to consider when deciding what type of policy and which company to buy it from . Initial premium , renewal premium if applicable , guaranteed cash value , investment options or dividends and more . A life insurance quote for an individual policy would normally include the factors above . Comparing quotations from different companies can be complicated . An independent insurance broker could help you find the right policy at the right price , If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . | Life insurance pays the death benefit to the beneficiary upon the death of the insured person . In contrast , most other insurances -LRB- health , disability , long term care , property -RRB- pay while the person is still alive . When life insurance is permanent , it can also pay while the insured person is still alive , after a set period of time . Then , unlike the the other insurances , it pays regardless of whether there is an event to trigger payment or not . |
What Is A Life Insurance Quote? | Imagine that there are 100 people your age wanting $ 100,000 of life insurance . The company actuary determines that in the coming 12 months on average 1 of you will die . So the base premium for a policy would be $ 100,000 / 100 = $ 1000 . The underwriter then looks at the medical information on all 100 applicants and determines who is close enough to the average to be considered `` standard . Some of the applicants will not be acceptable at all , while others will be is such great shape as to be considered preferred plus . When you get a quote you will probably get either a standard or preferred quote . If you fall into that category you can expect the premium to be the same when the policy is issued , if you dont you can expect the premium to be either higher or lower . As I mentioned before someone might not be insured at all . | Permanent life insurance is good for those who need their life insurance to last until the end of their lives . This can be because they want the money to be there to settle their estate , pay their funeral , or provide a source of cash from which to borrow . No one can predict the time of their death with certainty , so Term insurance can not be counted on to be in effect at death . |
What Is A Life Insurance Quote? | A quote , in short , is an estimation of premium you can expect to pay for your life insurance policy - the premiums can be paid annually , semi-annually , quarterly , or monthly . Please note , a quote is only as good as the information it 's based on . There are 4 main factors that determine the premium for the coverage - your age , the amount of coverage you 're trying to secure , how long you want it guaranteed for , and your risk classification . The risk classification is the MOST important factor in determining how much you can expect to/will pay for your coverage . If the medical history is not factored into the quote -LRB- e.g. you 're only running numbers based on someone 's date of birth and/or height/weight -RRB- , any quotes provided are pretty much meaningless because they do not provide an accurate representation of what you can expect to be approved at . To provide a little background on risk classes : every life insurance company has different underwriting guidelines that determine what risk class an individual qualifies for . The company will look at your personal medical history , smoker status , height/weight profile , results of the medical exam -LRB- if applying for a policy requiring it - no exam policies typically cost more -RRB- , your family medical history -LRB- e.g. cancer or heart disease before age 60 in the immediate family -RRB- , motor vehicle record , and any hazardous activities you may participate in -LRB- such as aviation , scuba diving , drag racing , etc -RRB- . Since every company has different guidelines for qualification , one might offer a better risk class than another based on the aforementioned information , resulting in a lower premium for the same coverage . The different risk classes someone can be assigned by a carrier are : Preferred Plus -LRB- sometimes seen as Preferred Elite -RRB- this means the proposed insured is typically in superior health , normal height/weight profile , no chronic illnesses , lab results within normal range , no immediate family members died from heart disease or cancer before age 60 . Preferred this means the proposed insured is in excellent health . Height/weight may be a little over the most preferred range , treatment for high blood pressure or high cholesterol usually acceptable , lab results normal or slightly abnormal . Standard Plus - this means the proposed insured 's health is better than the average . Height/weight may be higher than normal . Standard - this means the proposed insured is in average health and has a normal life expectancy . Height/weight may be on the high side , possible treatment for several minor conditions , one or more parents died from heart disease/cancer before age 60 , slightly elevated lab results -LRB- such as higher than normal blood pressure or cholesterol -RRB- . Substandard - this means the proposed insured has a below average life expectancy -LRB- commonly seen as high risk life insurance -RRB- . Height/weight may be considered obese , treatment for chronic illnesses or major health conditions -LRB- such as prior heart attack , cancer , diabetes -RRB- , abnormal lab results . Substandard ratings are expressed as a table rating , usually designated as Tables A-J or 1-10 . Each additional table increase is usually a 25 % increase over the standard risk class rates . Tobacco user risk classes are preferred smoker , standard smoker , and substandard smoker . There is no preferred plus or standard plus risk classification for tobacco users . It 's best to consult with an experienced life insurance broker who can shop your case among multiple carriers to see who will offer you the most favorable risk classification for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much . | No , under normal circumstances your renters insurance will not provide any coverage for your auto . That 's not to say that if you experience some freak accident that you absolutely would not be provided coverage under your renters policy , but it would be highly unlikely . 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 . |
What Is A Life Insurance Quote? | A Quote is just that , a best guess to what the Life Insurance will cost you based on very limited information . When you fill out an application , you will be asked more specific medical questions . If you have high blood pressure for example , the quote you got most likely will not be accurate . However if the blood pressure is controlled , and there is a history of control , then you would most likely get a better rate . Once underwritting makes a decision , a rate is set and you have to determine if you want to except that rate . So remember , a Quote is an estimate , the rate is what is being offered from the company . | Check your policy -LRB- or policy to be purchased -RRB- benefits as not all critical illness plans are built equal . Although cancer coverage is typically built into a policy , not all stages are covered . A good rule of thumb however is that any melanoma is covered and cancer in situ is not . |
Can HIV Positive People Get Life Insurance? | There are some guaranteed Issue plans available with no health question . Obviously you would pay more but yes you can get insurance . Benefits would be limited for the first two or three years of the policy . A good independent agent specializing in final expense needs can help you find a plan affordable for you . | Renters need renters insurance to protect themselves and their families from potential financial hardship that could be caused by an accident , fire , or theft . Renters insurance provides liability and personal property coverage for the insured and the immediate family of the insured up to the policy limits less the policy deductible . Contact a local agent to discuss the details of renters insurance coverage and cost of coverage in your area . |
Can HIV Positive People Get Life Insurance? | Unfortunately , HIV positive people can not get life insurance unless it is a graded , guaranteed issue plan that asks no health questions . These plans usually have a minimum age requirement of at least age 40 and have a maximum face amount often under $ 25,000 . With the new treatments for AIDS , hopefully the life insurance industry will make it easier for HIV positive persons to get life insurance in the future . | Group Disability Income Insurance is a policy that would pay you cash -LRB- normally about half of your regular salary -RRB- if you were to become disabled as the result of injury or illness . If you are offered Group Disability Income Insurance as a part of your benefit package , it is a valuable benefit that you should take advantage of if you can . |
Who Provides Disability Insurance? | Disability Insurance is provided by Life Insurance agents . The same companies that sell Life Insurance may sell Disability Insurance , and vice versa . Some Life Insurance agents specialize in both . That is the type of agent you want to seek out , as there are a lot of unique features to Disability Insurance that need a knowledgeable agent to explain them in understandable language , and to know how to guide you to pick out an affordable Disability Insurance policy with the features you need . | Disability insurance is fundamentally paycheck protection . Most American workers have 90 days of case reserves on hand . The average disability period is 31 months . Protecting income is with long term disability insurance is only second to long term life insurance . Protecting income is with long term disability insurance is only second to long term life insurance . |
Can You Cancel Life Insurance At Anytime? | You can , but should you ? Life insurance is personal property and an asset . The policy owner can cash in the policy . The first consideration is surrender charges . If you cash in your policy , i.e. terminate it , you may pay surrender charges and lose coverage . You also may haven ordinary income tax bill for any gain in the contract . Before you move forward with cashing in your policy , check with the company for all the consequences of surrendering your contract . | Yes , all companies when using paramedical exams do some drug testing as part of the chemical analysis in the underwriting process . Some drugs will effect certain levels of function within say kidney function that will show up by pushing the level higher . Alcohol for example , a legal form of a `` drug '' if consumed too close to an exam will raise blood sugars , alter the kidney function numbers and a few other numbers like those involving the liver . That is why it is never a good idea to consume significant amounts of alcohol the night before a blood/urine test . It will skew the results . Then it is up to the individual to get a second test , at their expense to show the first test was off . |
Can You Cancel Life Insurance At Anytime? | Yes , you can cancel life insurance at any time . With Term insurance there is no penalty for cancelling at any time , except for losing the coverage . With Whole or Universal Life , there is a surrender charge in the first years of the policy that will be deducted from any cash value you might have gotten back . If there is no cash value , you simply lose the policy . Keep in mind that , unless you paid extra at the start , the first years of the policy do not generally accumulate cash value as quickly as later . Talk over cancellation of your Whole or Universal Life with an agent who can explain the consequences and options for keeping it in some form . You may find that cancelling is not want to do , after all . Or you may have affirmation that you are doing the right thing . | The health insurance that is right for you is the one that best serves your needs and your budget . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` right '' -RRB- for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or youremploymentwas terminated , you lose the coverage . Anindividual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . Please feel free to contact me for further assistance . Thanks very much ! |
Does Child Support Include Car Insurance? | This question is very non-desript . If you are asking if child support paid would have an inclusion of an amount specifically for auto insurance , then that would be a question for your attorney or the judge that ruled on the support amount . I have not personally ever heard of this every being done . | Most people will not need to sign up for Medicare . A few months before you turn 65 Medicare will automatically enroll you in Part A and Part B and send you literature and your Medicare card . If you are covered under an employer group health insurance plan you may not need Part B or D until after the group plan terminates . |
Can I Buy Auto Insurance For One Month? | In theory , you can buy auto insurance for one month . When you apply for coverage , you may be required to pay approximately one month -LRB- or more -RRB- of premiums as the policy starts . You can cancel a policy at any time and a refund will be paid on the unused portion of coverage . A broker can explain the amount of refund issued . | Some questions you might ask when considering life insurance are : 1 -RRB- What is the rating of this company ? 2 -RRB- Are the rates guaranteed not to go up ? 3 -RRB- Does this policy have cash value ? If so , please show me an illustration . 4 -RRB- Will you be working with me if I need any assistance with my policy in the future ? 5 -RRB- What happens when the terms ends ? -LRB- if buying Term insurance -RRB- 6 -RRB- What riders are available for this policy ? 7 -RRB- How do I borrow from this policy ? -LRB- if buying Whole or Universal Life -RRB- 8 -RRB- What policy has the best rates for my health ? 9 -RRB- May I also get coverage for my spouse ? 10 -RRB- What if I want to drop this policy in the future ? There are many other questions you could ask , but these are some common ones that people ask me . This assumes you know how much coverage you need , and what type . Otherwise , those are also questions you will want to discuss with your agent . |
Can I Buy Auto Insurance For One Month? | Yes , but with a caveat . You can buy a six month policy and cancel the policy after a month or at any point you no longer require coverage . The carrier will refund a pro rata amount based on the time used . You should let the agent know your intentions so he/she can pick the best carrier for your situation as some carriers treat a customer cancelation in different ways . Be sure to check with your local agent to confirm your state 's rules . | Asthma is a rapidly growing disease in the USA . There is abundant evidence as to the effect of asthma on the longevity of people . Insurance companies can determine mathematically the variation that someone with asthma makes to the normal distribution of mortality . Underwriters take a subjective look at individual cases and make determinations of the effect they expect the asthma to have on the longevity of the customer . They then make an offer of insurance . |
When Should I Apply For Long Term Care Insurance? | You should apply for Long Term Care insurance at an age that gives you the best prices , yet not so young that you are sitting on it for decades without needing it . Applying for coverage between age 50-60 is young enough to get reasonable rates and most people are healthy enough to still qualify for it . | Health Savings Accounts were by law set-up to be paired with a specific type of high deductible health insurance plan . So , one must accompany the other . Each year the IRS announces the guidelines for what the range of acceptable deductible levels are for HSA qualified health insurance plans and the maximum amounts people can contribute to their Health Savings Account . Qualified high deductible health insurance plans for 2014 can have a deductible starting at $ 1250 for individual coverage and $ 2500 for family coverage . The maximum out-of-pocket exposure under these plans can be no more than $ 6350 for an individual and $ 12,700 for a family . The maximum an individual under the age of 55 can contribute to a Health Savings Account in this year is $ 3300 for an individual and $ 6550 for a family . Persons 55 + can contribute an additional $ 1000 to their HSA account . The amounts that persons contribute to their Health Savings Account is 100 % deductible from their gross income and can accumulate tax free and as long as withdrawals from the HSA are for covered medical expenses there are no tax consequences for the use of these funds . HSA funds can be accessed for non-eligible expenses but such withdrawals are subject to a tax penalty . |
When Should I Apply For Long Term Care Insurance? | Most of my LTC -LRB- Long Term Care -RRB- policy holders applied between the ages of 50-60 . Generally better health and reasonable premiums in that age bracket seemed to be a major determining factor . I would recommend locating an independent agent that specializes in LTC/Medicare to determine which plan/options best suit your specific needs ... | You certainly can . There are some companies that are more strict than others regarding credit , and may not offer auto insurance to customers with bad credit . But there are other companies who do n't use credit as a rating factor at all . But these are the extremes . 92 % of all auto insurance companies use credit at least to some degree . But each company weighs credit differently . |
What Services Does Medicare Part D Cover? | Medicare Part D covers a portion of your outpatient Rx benefits . Part D is available from private insurance carriers and has a monthly premium of anywhere from $ 15 monthly on up to over $ 100 . Each plan is different . Some have deductibles , some do n't . All have copay 's . Check your formulary before signing up . | Yes , it can . Scuba ratings will depend on how deep you go , how experienced you are and what certifications you hold . There are several companies that add no additional costs for scuba . If you are looking for insurance and scuba , your best bet is to work with an independent agent who can visit several companies with your information and come back with options for you . |
Will Medicare Pay For Gastric Sleeve? | Medicare will pay for gastric sleeve , gastric bypass , lap band , or duodenal switch for weight loss , under certain conditions . There must be a health problem associated with being obese , such as sleep apnea or type 2 diabetes . The condition of being overweight must have existed for at least 5 years . You must pass a psychological evaluation , have tried at least one other weight loss program that has failed , and other illnesses as the cause of your obesity must be ruled out . You also need a BMI of over 35 to be approved for Medicare gastric sleeve surgery . | Your home should be covered by a Homeowners Insurance Policy with the Dwelling Coverage equal or greater to the cost of complete reconstruction of the home . In the event of a covered total loss , you will expect your insurance company to pay for the rebuilding of your home . In addition to the home itself , you will need to make sure that your Other Structures -LRB- Detached Structures -RRB- , Personal Property -LRB- Contents -RRB- and Personal Liability Limits are sufficient to cover your interest in the event of a covered risk . It is always best to speak to a licensed professional who will ask the appropriate questions to assess your risk and therefore suggest the best options to your specific case . Once you have assessed sufficient coverage for your home , you may adjust the premium by selecting either a higher or lower deductible . A higher deductible would generate a lower premium and a lower deductible would generate a higher premium . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK |
Does Guardian Life Insurance Drug Test? | Guardian life will test for Nicotine and Cocaine . These are the two most common substance tests that almost all insurers test for when they perform medical underwriting . Besides these two substances , most carriers -LRB- Guardian included -RRB- , do not test for other substances , i.e. drugs . If there are other drugs that you currently use and you do not disclose , you do run the risk of creating a contested life insurance policy if you should die within the contestability period . | Video Transcript : What is credit life insurance ? There 's some different definitions on this out on the web that you can see , but credit life insurance , some banks will say , `` I want to indemnify a loan . '' If I 'm going to take a loan out from a bank , they want to be indemnified in case something happens to you so they may ask for life insurance on your life , somewhat what they call credit life . It 's very similar to mortgage insurance . If something happens to you , they want to indemnify the mortgage , or pay it off , in case one of the people that have obligated themselves to the mortgage dies . Credit life insurance can also be used in business scenarios where business take out loans , and those loans need to be protected . The bank , or the institution that 's loaning , wants to protect themselves and indemnify themselves so in case one of the people that are on the loan die , they 're going to have their insurance pay off their debt to the bank or the institution that they 're borrowing from . |
Does Guardian Life Insurance Drug Test? | If you are applying for a medically underwritten individual life insurance policy , you should expect to have a blood profile and urinalysis ordered as well as vital signs taken by a paramedical examiner . The lab tests look at body chemistry and will include screening for drugs . A life insurance underwriter is looking for abnormal results which , on their own may not mean much but when compared with additional information collected such as medical history , readings for blood pressure , etc. , it helps them assess mortality risk . | The rates on purchasing life insurance have many factors to determine rates . There are hundreds of companies selling thousands of products . All life insurance companies use your age , build , state of residence , occupation , income , health status and life style to determine a specific premium just for you . I recommend using an independent life insurance broker to professionally shop the market for the best product at the best price to meet your goals . |
Does Guardian Life Insurance Drug Test? | Yes , all companies when using paramedical exams do some drug testing as part of the chemical analysis in the underwriting process . Some drugs will effect certain levels of function within say kidney function that will show up by pushing the level higher . Alcohol for example , a legal form of a `` drug '' if consumed too close to an exam will raise blood sugars , alter the kidney function numbers and a few other numbers like those involving the liver . That is why it is never a good idea to consume significant amounts of alcohol the night before a blood/urine test . It will skew the results . Then it is up to the individual to get a second test , at their expense to show the first test was off . | While IRA 's are technically not `` qualified '' they are generally lumped into the qualified category due to their tax treatment . Based on the question , I 'm going to assume that an IRA will suffice for your intentions . To open an IRA there are a few ways to approach this goal : 1 . You can choose an asset issued by a company who will act as custodian and open an IRA with that company . Examples of this include specific mutual funds or annuities and opening an IRA with the issuing company 2 . In some cases you can open a general IRA and place numerous investment products in the IRA , this can sometimes be tricky and depends on the custodian with whom you open the IRA with 's rule regarding available products in the IRA 3 . You can open a self directed IRA and place pretty much whatever you want into it so long as it 's an allowable asset under current US law . The third option involves considerable more cost to establish the IRA but also leaves you with the most flexibility in term of what goes into the IRA and how it is funded . |
How Do I Sign Up For Cobra Health Insurance? | Your employer will notify you of your COBRA rights within 30 days after your group health insurance plan terminates . You have 60 days in which to exercise your COBRA rights plus an additional 45 days before your premium must be paid . Premiums for your election are retroactive to the first day your of COBRA benefits . | Insurance companies if you are currently insured can see and pull an updated motor vehicle record on you or any additional insureds on the policy . Not every company does it the same and you could have violations since the policy was put into force that you are not being charged for . If you are looking for quotes then agents will ask if you have had any tickets or accidents usually in the last 5 years or will ask for your license number so they can pull your motor vehicle record and claim record . This is usually the best way for you so the quotes you get are the correct pricing . Find a local agent and ask when you get your quotes if your MVR was pulled if the answer is yes the quotes you are recieving from them should be pretty close to the final rates . |
What Is The Best Health Insurance In Utah? | The Utah Health Exchange offers many affordable options for individuals and families . Six carriers will be offering coverage with federal subsidies available for those persons that qualify . Arches , Humana , Altius , SelectHealth , Molina and Bridgespan will be the insurers that are participating . Because of Open Enrollment , pre-existing conditions will be covered . As experienced brokers , our job is to utilize our experience and our top-rated websites to help consumers compare the best options and easily apply for coverage . | A quick way to see how much you should pay for Term life insurance is to go to one of the website quoters that offers instant life insurance quotes and compares rates from many companies . This will give you an idea of the best rates available . Then contact the agency personally to make sure you are quoted the best rate for your particular health . |
Should I Buy Medigap Insurance? | If you want to have a comprehensive health care coverage , then you should consider buying Medigap insurance . Original Medicare Part A and Part B only cover about 80 % of your Medicare approved health care costs . This leaves you with the responsibility of paying the remaining twenty percent . This can add up if you have an expensive procedure or a long term illness . Many people think if they are healthy that a Medigap Plan is not something they need right now . However , if you wait until a health issue arises , you may not qualify for a Medigap Plan . It 's really best to buy a Medigap Plan as soon as your in the initial Open Enrollment Period -LRB- when no health questions are asked -RRB- . If you are no longer in Open Enrollment or another Guaranteed Issue Situation , it 's best to speak to an insurance agent specializing in Medicare Supplement insurance . We can review your health history and make recommendations on which insurance companies you may qualify with . If I can assist you with your specific situation , please feel free to contact me . | When you are evaluating an investment advisor or a financial planner , often it comes down to relationships . There are , however , a number items you should check including : - References from clients - Qualifications - Investment philosophy - How they are compensated ? - How are they regulated ? More information is available on choosing your financial planner at WEBSITELINK Remember it is your money . If you have further questions , please do not hesitate to contact me . |
Should I Buy Medigap Insurance? | Should you buy Medigap Insurance ? Well , depends on how you want to use your insurance in retirement . Medigap insurance couples with Medicare part A & B and fills in the gaps those two do n't cover . Note : you will need plan D coverage for RX . A Medigap plan allows you the freedom to go where you wish for the most part for care . My mom has Plan F and it works well for her as she fires her doctors about every 6 months . A Medigap plan allows you to do that . A Medicare Advantage Plan does n't . | That is a great question ! In the insurance world , the part that you have to pay to help limit expenses for the company is called a deductible . It has kind of a dual purpose - it lets you have some `` skin in the game '' , almost like a deterrent to being careless - if you know that you have to pay up front first . The second part is to help lower the cost of the policy , by sharing the costs . Thanks for asking ! |
Does Medicare Cover CPAP? | Medicare will cover Cpap therapy when medically necessary . If diagnosed with obstructive sleep apnea , Medicare will pay for a three months trial of Cpap to see if it is effecting in treating the sleep apnea . If it is , Medicare will extend the coverage to 13 months , after which you will own the Cpap machine . | how much does individual disability insurance cost ? It 's going to depend on many factors . Your age , your occupation , your health and build are factors . Inside the policy you may have to pay more for a better definition of disability , a cola rider , future insurability riders , and other features that depending on your choices and needs will either raise or lower the premium . The waiting period before the plan kicks in can save you money if you self insure that portion for as long as possible . The duration and not to mention the amount of benefit will also effect pricing . When considering a DI policy plug in and out the several features , for example a cola might have three options of 4,5 and 6 % to choose from . Each will change the premium . My suggestion is to plug in and pull out features till you get the combination of cost to benefit that you want . |
What Is The Best Medicare Part D Insurance? | Many Insurance companies have excellent plans . A plan that is right for you will depend on your specific Medications . Normally my clients ask me to take their medications and make a recommendation . So you want to go with a plan that saves you the most money . | Traditional life insurance pays a death benefit amount to the beneficiaries of the policy no matter what the cause of death is with the exception of suicide during the contestibility -LRB- the first two years of the policy -RRB- period and sometimes when a felony murder is committed by the beneficiary against the policy insured . |
When Should I Apply For Medicare Part B? | This is a Good Question . Typically if your card is not automatically sent to you 3 months before your 65th birthday , you can apply online at the social security or Medicare site , you can also go to your local social security office . If you are working still , you may be able to defer part B . If you are in the Illinois , Kentucky , Arizona , Florida , Hawaii , Michigan , Montana , New Mexico or Wyoming , you can contact me ; otherwise contact a broker in your area to help you with all your options . | Home owners insurance protects you from lawsuit if someone is injured on your property . It also will help rebuild or repair your home if it is destroyed or damaged by a covered loss . It willreplaceyour personalpropertythat is lost damaged or stolen in a covered loss . It will provide additional living expenses if you need to move into a motel while your home is being repaired due to a covered loss . |
How Much Should You Pay For Long Term Care Insurance? | It will depend on your gender , age , smoking status , health condition , two lives or one life , etc. . You Should Buy Long Term Care Insurance when youre young and in good health . But most Americans under the age of 50 consider it too early in their life for consideration because of other more pressing midlife financial events or commitments to come . The general rule of thumb is age 50 , but most purchase at age 60 . Long term care insurance -LRB- LTCi -RRB- is part of retirement planning . The total medical cost during retirement is $ 250,000 . Some of that expense could be LTCi assisted living or nursing home care . If you have discretionary dollars , it is recommended to purchase an LTCi policy to the maximum allowable benefits before age 65 . A nonsmoking male and female in good health purchasing a combined LTC policy will pay around $ 300 a month . | Unfortunately , over the counter -LRB- OTC -RRB- medications are not covered by Medicare . You must have a prescription from your doctor that you need a specific medication , it must be medically necessary and it must be included on the Medicare or your plans `` formulary '' for it to be covered . A Part D or Medicare Advantage plan is an excellent way to save money on prescription medications . |
How To Calculate Medicare EHR Incentive? | The Medicare and Medicaid EHR incentive program stands for the electronic health records program . I believe the idea behind this was to incentivize facilities to use new electronic health records technology . I would recommend contacting CMS to learn more about how these figures are calculated and if you or your business would be eligible . | Yes , most people can get life insurance if they are overweight . Some things that might create a difficulty are if they also have a serious health condition such as uncontrolled diabetes or recent heart attack , or if their weight is in the morbidly obese category . However , there are many policies with lenient weight limits , and there is at least one policy in almost every state that does not have any weight limit at all . Some of these will work for persons with health conditions , as well , and some of them will even pay 100 % of the death benefit from day one -LRB- are not graded -RRB- . You need to work with agencies that carry a variety of policies like this so that you can get the most affordable overweight life insurance premium . |
What Does Basic Life Insurance Cover? | Basic life insurance covers death by any reason . The cause of death can be due to a precondition , but the policy will still pay -LRB- as long as that condition was noted on the application , if it existed at the time of application -RRB- . It also covers death by accident . The only exception is suicide in the first two years . | Non-participating term life insurance is term life insurance that simply pays out the original death benefit if you die while the policy is in effect . It will not pay dividends while you are still alive , and the death benefit will not increase by virtue of the company sharing their profits with you . I do n't know of any term policies that are participating . |
What Does Basic Life Insurance Cover? | That is a great question ! Your basic life insurance policy will cover any reason for what may cause your demise . Something like an accidental death policy is n't so good , as you have to pass from or as a result of , an accident . So you have a heart attack - your life policy would pay , your accidental death policy would not . You get bitten by a spider , have an allergic reaction , and meet your maker , life pays , accident does n't . You get into a car wreck , both would pay . I hope that helps , thanks for asking ! | What does it mean to have a health insurance deductible ? A deductible reflects the amount that you are willing to self insure on your health plan . The deductible is the first part of a health insurance bill when it comes . That portion is on the insured to pay . The next phase is co-insurance where you and the insurance company split the bill . |
What Does Basic Life Insurance Cover? | Basic life insurance protects those that you love . Premature death is terrible . Life insurance can step in and pay-off the mortgage , supplement your spouses income , buy the kids braces for their teeth and send them through college . For you , life insurance covers your need for peace of mind . | No doctors can not be forced to accept Medicare . Any doctor can choose whether or not to accept Medicare assignment . To do so however could have a big economic impact on their bottom line . Considering the number of people aging in to Medicare , refusing Medicare patients could be cutting their own throats . |
Who Offers The Best Critical Illness Insurance In Arizona? | The carrier with the best benefits at the lowest rate offers the best critical illness coverage in AZ. . This is precisely why it 's important to work with a seasoned broker or agency that has the expertise and knowledge to sort through multiple carriers to figure who really offers the best . Do n't be fooled by a strong marketing campaign or a funny duck commercial and believe that is the best for you . You 've already gotten past the toughest part ... realizing the value in a supplemental critical illness policy . Next , I would ask for a referral to an experienced broker . James | 561-320-2978 or email me at : jelbaum@clminsure.com | A whole life policy accumulates enough money to pay the face amount at the endowment age , normally 100-120 years old . It also pays the face amount if the insured doesnt live to the endowment age . As the money accumulates it becomes the surrender value of the policy or the cash value . If you chose to take the cash value , it will be less than the face amount . |
Who Offers The Best Critical Illness Insurance In Arizona? | This is a relatively subjective question . There are many companies that sell some form of Critical Illness . A question I would ask if you were working with me is are you looking for a stand-alone policy or a policy that has more value as in attached to your Life Insurance ? I recommend three different companies , Assurity Life , Mutual of Omaha and Transamerica which depending on what you are looking for , which is a bigger question . I would contact an agent or you can reach out to me and I can put together a quote for you . Matt - -LRB-720-RRB-708-5498 or email me at : matt@pegasusii.com | Let 's see . What will your family need or even want ? Those are the things life insurance pays for . Then there are the things they hate to think about , like your funeral and last expenses . They too are paid by life insurance . Education for your children . Pay off the mortgage for your spouse . Retirement for your spouse . Medical bills for the family . All the things a family needs when both bread winners are alive , these are the things life insurance can cover . Thank you . GARY LANE |
Who Should Buy Disability Insurance And Why? | Any person is dependent on an income should look into disability insurance . While you might have substantial savings , the average long term disability claim is 31.2 months -- you do n't want to drain your savings just because you 're sick or injured . Often times , businesses need to purchase DI on a specific employee so that their business can still function if that pivotal team member is unable to work . DI is peace of mind ! | There are two basic forms of retirement plans . Defined benefit plans are plans where the participants do not have separate accounts and the retirement benefit is computed based upon a formula of several factors such as age , years of service and highest salary . A Defined contribution plan is a plan where the participant can contribute an amount into a plan where each employee has a separate account . This is what a 401 K plan is . The return on the plan is based upon the performance of the underlying investment and nothing is guaranteed . |
Who Should Buy Disability Insurance And Why? | Anyone who has someone relying on them for financial support should have Disability Insurance . Becoming disabled for a period of time is not uncommon , and it can happen at any age . Very few families can get by on one income , and even single persons can lose their life 's savings through an extended disability . Becoming disabled generally does not just take away income for a period of months or years , it comes with medical bills and other extra expenses connected to the cause of disability . That is why anyone who makes and relies on making an income should buy Disability Insurance , in my opinion . | I assume you mean Medicare plan N . It is very confusing . With Medicare Parts and Medicare plans . Medicare supplement plan N is a Medigap plan designed to pay Medicare approved claims that are not paid by Medicare due to deductibles and coinsurance . Plan N pays your Part A deductible but does not cover your Part B deductible and requires a copay for outpatient services . |
What Is Enhanced Whole Life Insurance? | Enhanced whole life insurance is most likely a marketing name for a specific companies life insurance contract . There is no specific product within the industry that is referred to specifically as enhanced whole life insurance -LRB- i.e. there are no features unique to a products known as enhanced whole life insurance -RRB- . | You can buy life insurance anywhere you want and are not necessarily beholden to just buying it from a place in Oklahoma . If you feel more comfortable purchasing from a local agent , you can search for local agents on google , or use the find an agent service found at term4sale by plugging in your zip code . If you are comfortable dealing with insurance agents that are not local to you , you can take to the internet and begin looking for someone you feel can best match your needs with the appropriate company . |
Does Each Roommate Need Renters Insurance? | Typically , Yes . Renters insurance coverage is nothing more than coverage for YOUR personal items . So if you are in a rental apartment with 3 other people , you would each want to get your own policy to cover your specific items . But be careful . Renters policies will have limits on certain items like , cameras , musical instruments etc. . So although you can have $ 10,000 in coverage , but have a $ 3,000 guitar , you might not be fully covered . -LRB- depending on the policy limit -RRB- . Be sure to ask your agent specific questions to make sure | You can go about securing coverage in one of two ways for this type of medical condition . A route with no medical questions would be issued under a guaranteed-issue , graded benefit whole life insurance policy -LRB- 2-year waiting period for full coverage to start - accident only coverage in years 1 and 2 -RRB- . The maximum amount of coverage you can secure under one of these programs is between $ 20,000 - $ 25,000 . Please note , most guaranteed-issue life insurance policy have a minimum age requirement of 45 or 50 years old . The 2nd route is going to be the most advantageous If you 're looking for more coverage than that , but you would need to go through full underwriting . These programs would allow you to secure full coverage from day 1 of the policy -LRB- no waiting period under a graded benefit -RRB- . The specific results of the liver enzyme tests for the conditions , the medications used to treat the condition , alcohol consumption frequency , how long you 've had the condition , and other factors contribute to the risk classification a carrier can offer -LRB- this determines the rates -LRB- cost -RRB- for the coverage , if approved -RRB- . Because there is a presence of hepatitis with cirrhosis of the liver , you will need to shop the case among multiple companies to see which carriers can consider coverage at what risk class . Every company has their own underwriting guidelines so some companies may be able to work with the medical history where others may not - for this , I highly recommend shopping the case first before applying for ANY coverage because throwing mud against the wall to see what sticks -LRB- applying to multiple companies -RRB- can work against you as it can become a red flag to insurance companies when they see declines in the MIB -LRB- Medical Information Bureau -RRB- records . An independent insurance broker such as myself can do this for you . My group is licensed in over 35 states and with over 50 insurance companies and we charge no fees to our clients for our services . We can help you with the entire process from start to finish . If you 'd like assistance in buying a life insurance policy , please send me a message and we will help you shop the case so you can secure the desired coverage at the lowest possible cost - my contact information is provided on my profile . I hope the information is helpful - thanks very much for your question . |
Does Each Roommate Need Renters Insurance? | There are very few companies that write non-related individuals on the same renter 's policy . This status of delineating coverage is called `` Named Insured . '' The drawback to these policies is that a claim check would be made payable to ALL named insureds ; so if only your stuff was stolen from your vehicle or otherwise damaged , your roommate would also need to sign off on the check before you can cash it . The other drawback is that , in the event of a claim , it goes on the personal history of all named insureds . So if your roommate has a claim , it can penalize YOU for the next 3 to 7 years -LRB- depending on company -RRB- even if you guys separate households . Even if a roommate has no personal property -LRB- i.e. contents -RRB- , a critical component of renter 's insurance is liability . Ideally , each roommate should have renter 's insurance , so that if a guest is hurt on premises , the lawsuit could be filed against the responsible person . Most renter 's policies also include Personal Injury coverage under the liability , but some do not . Personal Injury covers damages to a third party that you may be legally liable for , but where the injured party suffered no physical injuries . The most prevalent claim currently is slander/libel from social media . Refer supra to what I indicated about claim history . Do you really want to be responsible for your roommate 's posts online ? I know I do not . I currently rent myself as it is a better deal where I live than ownership . I do have a roommate , and we each have our own separate policies . | The average cost of Medigap Insurance will depend on your age , what state you live in , your smoking status and which Medigap Insurance Plan you have . Medigap Plans can range between $ 75 per month to $ 500 per month depending on those factors . The average cost of Medigap Insurance will be different in different states . For example , Texas , South Carolina , North Carolina and Colorado are usually less expensive than South Florida . However , North Florida will generally be less expensive than South Florida . Work with an independent agent to shop the market for you and find you the best plan for the least amount of premium that matches your specific needs . For more information you can visit our website or give me a call . I would be happy to answer any questions for you . |
Does Each Roommate Need Renters Insurance? | Who owns what in the apartment or home you are renting ? YES , each roommate needs to have Renters Insurance . Your insurance will only cover your material possessions . If you own all of it , then you there really is no reason for the roommate to have the insurance . Be sure to get the replacement value v. current value renters insurance . It will cost a little more however which would you rather have , the value your TV is currently worth or what it costs to get a new one ? | A will is not required with Life Insurance as you state who the beneficiary is . This overrides what the will says . If your beneficiary is a Trust or your Estate , then I would recommend having a will along with the Trust & Estate documents . Life Insurance proceeds avoid probate however a Will does not . Probate court will use the will to hear the last wishes but is not guaranteed it will be carried out especially if there are debts that are being pursued . |
Is Life Insurance Used To Pay Debt? | Life insurance can be used to pay off debt , or it can be used as collateral in borrowing money . Most people do not borrow money with the idea that they will be dead before the loan is paid off , but if death does occur before debt is repaid , life insurance is an excellent way to pay it off . | You should have Term Life Insurance as long as you have needs that would be unmet if you were to pass away . E.g. Do you have children at home who rely on your income ? Debts that your family would be left to pay ? A business partner who would be left hung out to dry ? Would loved ones need to take up a collection to pay for your funeral ? These are just some of the many reasons people keep their Term Life Insurance . If all your needs are provided for and you feel confident that no end of life medical bills or other expenses will deplete your reserves , you no longer need Term Life Insurance . |
What Percent Of The Population Has Long Term Care Insurance? | Short answer : About 8 % Long answer : It 's hard to say exactly how many people own some type of policy that covers paying the costs of long term care - should one qualify for it - because there are many types of insurance policies that are not just `` stand-alone '' long-term care policies , but plans of insurance that include being able to use a percentage of other plan benefits for paying long-term care costs :1 . Stand-alone long-term care insurance covers only long-term care costs . It has no cash value . When a policy owner dies , coverage either lapses or stops paying benefits . It is not transferable . It can not be bought or sold on a secondary market . This type of long-term care insurance is sometimes referred to as `` traditional '' long-term care insurance , as well . It is the type of coverage that is most often associated with the `` percentage of Americans that own their own long-term care insurance '' .2 . Hybrid long-term care contracts consist of having long-term coverage and a life insurance policy that guarantees to at least return the full premium paid into the policy to the insured 's designated beneficiary . Usually , these are single-premium contracts , but some have options to also pay over a specified period of time , such as 5 - or 10-years .3 . Linked life + long-term care policies are basically a traditional permanent life insurance contract -LRB- Whole Life or Universal Life , including the Variable or Indexed type -RRB- . If a person qualifies for long-term care and they have the long-term care rider on their life policy , they may apply to the insurance company to advance or accelerate the face value of the policy -LRB- death benefit -RRB- to pay for the costs of care . There are various limitations on how much can be advanced at a time . If the face value of the life contract is completely advanced for long-term care , there is usually a residual death benefit of $ 5,000 - $ 10,000.4 . The latest addition to life insurance product lines are policies offering `` living benefits '' , one of which is very similar to the linked-life policy . In fact , the only difference is that a medical professional has to state in writing that the insured is not likely to recover from the condition that qualifies for long-term care benefits . -LRB- True long-term care insurance does not require that . -RRB- This type of living benefit is most often referred to as `` chronic care '' or `` extended care '' . Annuities may also have special considerations for paying out portions of the account value for long-term care costs.The point is , people who own life insurance or annuity contracts with long-term care accommodations are not typically included in with the 8 % that own traditional long-term care . So , the real percentage of those that have made some type of insurance purchase to offset long-term care costs is greater than 8 % . I doubt , however , that the total percentage of Americans that own any of the above-described types of policies would exceed 20 % at this time . | That is a great question ! The easy answer is as much as you can . The more realistic answer is based upon your idea of retirement . If you want to travel , and live a life of leisure , that will cost more than if retirement means holing up somewhere and fishing the day away . Once you 've got an idea of what retirement means to you , then assess where you are now , in that journey . The difference between here and there is what you need to save . The rule of thumb is that to live at todays standard of living , you will need to have at least 8 times your current salary put away . If you want to live better than you are now , then you will need to save considerably more . If you 'd like specific numbers , contact me , and we can look at them . Thanks for asking ! |
How To Verify Health Insurance Eligibility? | It is difficult to understand the exact context of your question . If it is in the most general sense then you need to be a U.S. citizen or legal resident to be eligible for insurance coverage . If you are talking about when you become eligible for coverage at your place of employment that offers group health insurance that will vary somewhat depending upon their personnel policies . In 2014 and forward an employer can not have a waiting period of more than 90 calendar days before an eligible new hire can be covered under their group health plan . You should check with your employer or their personnel department to determine what their company 's policy is , though this should have been explained to you at your time of hire . Finally , if you are talking about what happens when you show up at the doctor 's office , pharmacy or hospital , they will want to see your insurance I.D. card and will call your insurance carrier to verify that you are eligible for coverage -LRB- some people try to use their I.D. card from a company where they are no longer employed and no longer covered through -RRB- and what your benefits are . | When you cancel your life insurance , what happens will depend on what type of policy you have . If you have Term Life insurance , the policy will simply end . You will not get any money back unless you had ROP Term -LRB- Return of Premium Term -RRB- and had kept the policy long enough that you are eligible to receive back part of the premiums you paid in . If you have a Permanent Life insurance policy that accumulated cash value , you will be able to receive the surrender value in cash . If you want to quit paying on your Permanent policy but do n't necessarily want to cancel your insurance , you could roll the surrender value over into another life insurance policy . Or you may have the option to change your policy to a reduced paid up policy , which means that it will be a smaller policy but you will not have to make any more payments to it . If you cancel a permanent policy in the first years , there will be a surrender charge that will reduce the cash value , and if you have loans against the policy , those will also be deducted from what you receive from the cash value , along with interest on the loans . You can request a current illustration to see what your Whole Life or Universal Life has for cash value , surrender charges and loan charges . |
How To Verify Health Insurance Eligibility? | In short , you 're eligible as long as you 're a legal US resident/US citizen . Under the Affordable Care Act , you can not be declined for coverage due to any pre-existing medical condition or other health-related issue . You can apply for coverage during the annual enrollment period each year - you can only apply for coverage outside of the annual enrollment period if you qualify for a special enrollment period . It 's always helpful to consult with an experienced health insurance broker if you 're trying to determine when you can apply for coverage . We can also help you pick out the plan that will be the most suitable option for your needs and budget . Please let me know if I can be of further assistance . Thanks very much . | It will depend on a variety of factors . Insurance costs that exist today do so because of our current set of circumstances -LRB- such as pre existing conditions , maternity , age restrictions , etc -RRB- and Obamacare will introduce a new set of circumstances which health insurance companies will have to adjust for . This will invariably be reflectd in the prices charges for insurance in 2014 . |
Do I need to disclose an attack of atrial fibrillation that happened 6 years ago when applying for life insurance? | If the life insurance application is asking that question about heart disease or heart trouble , you do need to disclose the details of your atrial fibrillation . You are correct that your premiums will not be as low as if you had not had attacks of atrial fibrillation over the past 6 years . But if you were to withhold that information and passed away next month , your family would not receive the life insurance they thought you were leaving for them . You can still get a low premium ; it just wo n't purchase as much life insurance as if you had perfect health . Contact a good impaired risk life insurance specialist such as our agency to help you . | To sell Life Insurance over the internet , you need to set up an office just like you would for any life insurance business , except that everything must be set up to work efficiently and easily on the phone and internet . You need to get contracted with at least half a dozen carriers , get licensed in several states , and learn those insurance companies ' products inside and out . Once you are all set up physically and mentally , you need to purchase or generate leads . If you buy leads , you need to place at least 10 % of them to make any profit -LRB- unless you deal in large volumes , then the placement rate would not need to be that high -RRB- . You can supplement purchased leads by selling to friends , relatives and neighbors . You need a good website , as that is your identity to your customers . Whether or not it becomes a steady source of organic leads for you , it is a good idea to study up on ways to draw traffic to it . Each carrier and general agency has their own way of submitting business , interacting with you , and paying you . You need to look around until you are comfortable with the level of service you are getting , then be loyal to those carriers and that general agency . Those relationships will help you earn respect , result in better approvals and choices for your clients , and bring you referrals . Keep in mind , though , that it is much harder to cultivate repeat customers and referrals with internet business than in a storefront . The more common way of selling life insurance over the internet is to go for volume selling . In other words , get leads at as low a price as possible , set up streamlined ways of working them , and hit as many as you can , as hard as you can , as often as you can . Our style is more personal , but it takes years to see this more personal style come to fruition . Just find your path and do it with all your mind , heart and strength ! |
Is Homeowners Insurance Included In Your Mortgage Payment? | Including homeowners insurance in your mortgage payments would be an option between you and your lender . Many will chose this route just due to ease . This is called impounding . You can talk to your agent and lender about impounding your homeowners insurance if this is an option you desire . | 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 . |
Is Homeowners Insurance Included In Your Mortgage Payment? | The answer here is `` maybe '' . Most mortgage companies will require a mortgage holder to have their insurance paid out of their escrow account if they have less than 20 % equity in the home -LRB- generally -RRB- . This is just to ensure that the policy is paid and in force . If you have more than 20 % equity you may be able to pay it yourself . Some companies charge more to bill the mortgage company so there may be cost savings if you pay it yourself . Then again , some people do n't want to deal with the bills and like to pay it in their mortgage payment . The only answer you care about is the one your mortgage company gives you . If they do n't require it to be paid out of escrow the choice is up to you . | If you are the insured person for a life insurance policy , and you pass away , the death benefit would go to the beneficiary or beneficiaries named in your policy . If you own life insurance on another person , and you die while the insured person is still alive , your life insurance policy would then be owned by the contingent owner . If you do not have a contingent owner , it would go to your estate . |
Is Homeowners Insurance Included In Your Mortgage Payment? | It is optional but recommended as it is built into you home loan payments one less thing to have to worry about . But be buyer beware there has been in some places that the mortgagee picks your insurance carrier for you many of time they have insured the home for just of the amount of the loan . Not every insurance carrier will give you full replacement value and also keep in mind that you can not insure the land . Only the building . Many clients that I have had to help re write them do to improper coverage from another agency who insured it for the appraisal value which is NOT what the real value of the home is . | Most health insurance will cover part of the emergency ride , but not all of it . You may want to add an accident rider or supplemental accident plan to increase the amount that is covered . The advantage of the supplemental accident is that they will also cover dismemberment and death . Many will also help pay for emergency room visits and broken bones . |
Is Home Insurance Required For Mortgage? | I ca n't think of a situation where it would n't be required . Your mortgage company has just lent you a bunch of money to buy a home . They need to be sure that , if something happens to the home , it will be restored to what it was before anything happened . They 're just protecting their investment . The bigger question is `` why would n't you want to insure your home ? '' . You just made a big commitment and have a lot of money on the line . If something happened to your home , what would you do ? Yes , premiums for homeowners insurance are high , but not as high as the repairs you 'd have to pay for if you did n't have insurance . Plus , it not only protects the house , but everything in the house . Most people do n't think they have a lot of money tied up in their `` things '' , but they 'd be astonished to find out what it would cost to replace it all . | There are basically three distribution channels that sell disability insurance : Career , brokerage and carrier direct . Carrier direct and career distribution generally promotes its own manufactured proprietary product line . Brokerage distribution generally carries the more competitive disability insurance products and maintains a relatively neutral sales position , i.e. best company for the client . |
Can You Require Renters To Have Insurance? | I doubt that it is a violation of law in any state to require that a tenant have a renters policy . The renters policy puts the tenant on notice that the landlord is not responsible for the contents of the building occupied by the tenant . It also reinforces the fact that the landlord is not responsible for a lawsuit arising from the rented property . | Renters insurance is designed to cover your personal property . Determine theapproximatevalue of your belongings including your clothes if there was a total loss in a fire or other covered loss and base the amountyoupurchase on that . Make sure your policy will pay fullreplacementwithout depreciation . It will also cover you for liabilility |
Is Disability Insurance Important? | Disability insurance is extremely important . The mantra is buy term and spend the difference on disability insurance . Anyone who earns a living and wants to protect their paycheck should get disability insurance . The statistical odds of becoming disabled during your working life are too great to ignore . The average disability period is 30 months ; the average emergency cash reserve is 90 days . And it is highly recommended that you also insurance your retirement contributions as well . | Yes , the Army provides life insurance to persons serving as an active duty member of the Armed Forces -LRB- and others -RRB- . Eligible servicemembers are automatically enrolled for $ 400,000 of SGLI Life Insurance . There is a charge of 7 cents per thousand dollars of coverage -LRB- rate starting 7-1-2014 -RRB- . This can be reduced in increments of $ 50,000 down to $ 50,000 or declined altogether . |
Is Disability Insurance Important? | Disability insurance is a very important part of a successful financial plan . Life insurance protects your loved ones in case of a sudden death . Disability insurance protects you in case you lose your ability to earn a living due to an illness or injury . Statisticallyspeaking you are 8 times more likely to become disabled than to die . The minimum time to receive social security benefits after filing is 9 months and can take years . | When most term insurance policies come to the end of the level term period , the insurance company will require a much higher premium that goes up every year if you want to keep the policy . Most clients simply do not pay the higher premium and let their policy lapse . There are some policies that will let you pay the same premium but your death benefit decreases each year . This is rare but there are companies that do this . Another option that many insurance companies offer is the ability to `` convert '' or exchange all or part of your policy for a permanent policy without having to go through underwriting . Check with your insurance agent on the options for a specific policy . Hope this helps ! |
How Much Does Auto Insurance Cost For A 23 Year Old? | The cost of auto insurance on a 23-year-old will vary depending on where you live and the type of vehicle you are buying . Also , your driving record will impact the rate . Of course , if it is a newer vehicle , the rate would tend to be higher than compared to an older vehicle . Also , a married person will pay less than someone who is single . So ... how do you find out the cost ? As brokers , we research and compare rates from top-rated carriers so you get the best deal . Typically , the process only takes a few minutes , and applications can be handled online very easily . | Yes , it may . Homeonwers insurance policies typically provide up to ten percent of the policy amount to cover personal items that are not located at your premise . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . |
How Much Does Auto Insurance Cost For A 23 Year Old? | Insurance Companies price their product without truly knowing what the costs will be . In doing that they look at hundreds of variables to determine a pricing outcome to present to you.In fact it is not uncommon for a specific carrier to have millions of price points in a state . So with that caveat let me try to be more specific . An important piece of the rating will be how long have you been driving ? Any tickets or accidents you have ? Whether you live on your own and rent , or are part of a family account with your parents , Or married or single . So it is best to try and get an agent or company to understand your personal situation and then the vehicle that you need to insure.Don ' t overlook the use of the vehicle . This a very important rating factor . If you commute , be sure your agent or company knows how often you do that . and how far away form your residence you travel . And if you are a student be sure to mention that you have a grade average of a '' B '' or better , if you do . Advise as well , about any drivers training you took in the last several years . What we see today is greater segmentation of blocks of similar , but different exposures and one thing that you might not realize is that carriers often even price your age in six months increments , meaning you get a better price at 23 than 22 and one half . | The short answer is yes . However , they often have surrender charges that may last up to 10 or even 15 years . Your most recent statement should have a column marker ` surrender value ' which will show you the amount of money you get if you cash that policy out . Keep in mind that if you cash out a life insurance policy for more than you paid in it could create a taxable event . You should discuss this with your tax professional . The bigger question is why are you cashing in the policy . There are alternatives to do so . You could transfer -LRB- 1035 exchange -RRB- the cash value to another policy that will better fit your needs . You could leave the cash value in the policy to help offset premium costs and expenses . You could take a loan against the cash value in order to keep the policy in place and not create a taxable event but there are interest charges for having a loan . If you want to explore other options I recommend you talk to an independent insurance specialist who can help you evaluate these different options with your situation to see which one fits best . You may need to obtain a couple of inforce illustrations from the insurance company to show how the policy is currently performing and how making changes to the policy may affect performance . |
How Is Medicare Advantage Different From Medigap? | Medicare Advantage plans are quite different from a Medicare supplement plan , also known as Medigap . When you enroll in a Medicare Advantage plan you are no longer in original Medicare . Your health insurance is covered by a private insurance carrier . Medical providers file your claims with your Advantage carrier , not Medicare . Most Advantage plans have networks you are required to use if you want full coverage . Some Advantage plans provide OON -LRB- out of network -RRB- coverage but with higher deductibles , copay 's and coinsurance . HMO Advantage plans typically have no benefits when you use a non-par provider . With original Medicare you have the freedom to use any doctor , hospital or other medical provider anywhere in the country . There are no networks . Medical providers file claims with Medicare . Once Medicare adjudicates and approves the claim it is forwarded on to your Medigap carrier so they can pay their portion . | To set up a trust for a life insurance policy , you should consult both a life insurance professional and an estate planning attorney or CPA . An irrevocable life insurance trust -LRB- ILIT -RRB- must be set up properly in order to avoid estate taxes , and if it is not set up properly , it is very difficult or impossible to change . |
How Is Medicare Advantage Different From Medigap? | This is a very important question . The easiest way of explaining it is that Medicare Advantage works the same way as most insurance you get while you 're working . You have copays , deductibles , and monthly premiums . They combine all of your insurance into one comprehensive plan . Medigap , or Medicare Supplements , on the other hand simply cover some or all of the expenses left over after traditional Medicare has paid their share . In general , Medicare Advantage plans tend to be cheaper , but Medigap plans have less out of pocket costs during the year . Which one is best for you is a great question to ask your insurance broker . | High cholesterol can affect life insurance in a few different ways . Is it high , but normal with medication ? Then you just need a carrier who will accept that , and there are a number of them . Is it high , even with medication ? Some people do run naturally run high ; then we have to prove that abnormal is normal for you . That can be done . Is it high , and related to other abnormalities , such as heart disease ? Under those circumstances we need to get details on the composite picture of your health . Even , unfortunately , with serious medical conditions , you could qualify for coverage , and the price could be higher than standard . You would have coverage , and that is the bottom line . |
What Kind Of Auto Insurance Rates Can I Get With A Suspended License Due To Non Payment Of A Ticket? | You ca n't get insurance if your license is suspended . However , if you have a restrictive license -LRB- the one court activates for you to drive to and from work -RRB- the rates will be about the same - shop with multiple carriers to find a best deal . And if you have already cleared the ticket and your license is back to the active status , same like above , you should be able to find coverage with regular rates . The carrier will increase rates when you have points on your record and/or property damage / injuries during the last 3 years of your driving history . You can get your driving record at any DMV in your state . You can also buy your driving report online . Usually DMV charges $ 3 - $ 10 , whereas online vendors charge $ 19.99 + . | Yes , in almost all fifty states of the United States it is . Each state sets it 's own dollar levels and the coverages that are required as a minimum for all licensed drivers . Contact a local agent to find out more details about your states minimum auto insurance coverages and amounts . |
What Kind Of Auto Insurance Rates Can I Get With A Suspended License Due To Non Payment Of A Ticket? | This will vary by state but a break in your license experience in California will result in a 20 % increase in rates as you would not qualify for the good driver discount . This will effect you for 3 years . Any points for tickets -LRB- moving violations -RRB- or at-fault accidents would further increase your rates . | Disability insurance replaces a percentage of your gross monthly income , often in the 60 % to 75 % range . In some cases , with very high incomes , the percentage is lower , like 40 % to 50 % . Personally owned and personally paid disability insurance is usually a tax free benefit at time of claim ; this is one reason for the reduced percentage . Another reason is that the insurance company must maintain an incentive for people to return to work ; you should always make more money working than collecting disability insurance benefits . |
Does Homeowners Insurance Renew Automatically? | Homeowners Insurance actually does not renew automatically . Every year as your insurance is coming up for renewal underwriters will look at the risk and make a decision if you the client are still a good risk or if they , the insurance company wants to get off the risk . Should the insurance company chose to keep you on as a client , then an offer of renewal is sent out . By you making the payment you are agreeing to continue the insurance policy at the terms offered . | Health insurance for an individual costs much less than you may realize . As an experienced health insurance broker -LRB- more than 33 years -RRB- , I am asked and answer this question daily . As a broker , our job is to find the lowest available rates and the best coverage for that price . Specifically , rates vary , depending greatly upon where you live , how old you are and the type of coverage you need . Also , the Obamacare federal subsidy can dramatically reduce your premium . If you qualify , your rate could reduce by $ 1,000 per month -LRB- family -RRB- or more . And yes , it is possible that the subsidy will be more than your premium ! You can choose among four Metal plans -LRB- and a low-cost catastrophic plan if you qualify -RRB- . |
What Is Medicare Hospice? | Medicare Hospice is a benefit for those who are terminally ill . Medicare will pay for nearly all the expenses to care for someone at home when they have given up treatment for the illness causing their pending death . Medicare will pay for some medications and treatments that provide comfort . | In order to cancel your homeowners insurance policy you simply need to contact your agent or insurance provider and notify them of your wish to terminate your policy . Most companies or agents will request that you provide your request to terminate the policy in writing . If you are trying to backdate a cancellation then the insurance provider or agent may also request a copy of the decleration page of the policy that replaced the policy you are cancelling . |
What Do You Get With Renters Insurance? | Renters insurance , which is fairly inexpensive , covers your personal property , such as clothing , electronic devices , and most of your other possessions . If you need to move out of the apartment because of a covered claim , you will have coverage . Also . there are medical payments -LRB- to others -RRB- and liability coverages that are included on most plans . Additional riders can also be purchased . | Group Term Life insurance is taxable beyond the first $ 50,000 benefit per IRC Section 79 of the IRS . This is whether the employer is paying the full premium for the life insurance , or is providing the policy to the employee at group rates . The first $ 50,000 is not taxed . |
Does Health Insurance End After Quitting Your Job? | Yes , if you were covered by a group health plan through the employer . If you have your own individual health insurance plan you are not affected by changes of employment . When you leave your job and your employer plan , you will have the option to keep your plan going for up to 18-months but you will pay the premium you already paid PLUS the portion the employer was paying for you . | Techinically to be able to insure something , you have to have an insurable interest in that something - typically this means you own the something or you are providing the financing of the something . The proper way to insure a vehicle is for `` named insured '' -LRB- the name the policy is taken out under -RRB- to be the same as the owner of the car . There are times where their is split ownership of a vehicle or a lot of times a minor might actually buy the car but still be on their parents policy . There are certain ways you can list named insured and additional insureds and a lot of times these are specific to your state and your particular carrier . Contact your local agent to discuss your specific situation . |
Does Renters Insurance Cover Carpet Damage? | A renters policy pays for damages caused by named perils . This means that if the carpet is damaged by fire , windstorm , lightning of a long list of other potential perils , the company will repair or replace the carpet . Recovery under a renters policy is subject to a deductible . The deductible is stated in the policy declarations . If the damage to the carpet is caused by neglect or fair wear and tear , it is not covered . | I am not sure I would call life insurance cheap but it is very affordable for most people . The young and very healthy can purchase life insurance at an amazingly affordable rate . However , as we age , gain weight , health declines and life is more sedimentary , the premiums can really climb for those folks . The best advice is purchase what you need while you are young and healthy and save yourself thousands in premiums over your life time . Remember the actuaries and underwriters are very skilled with predicting a person 's mortality . Take advantage today , we are never going to be any younger or healthier than we are today . |
Can I Buy Long Term Care Insurance For My Parents? | If by the question you mean can I pay for the coverage , of course . You may own the policy -LRB- s -RRB- and pay for them as you would for life insurance . The big variable is whether or not they are insurable . It can also be an expensive proposition . Before you decide make sure you look at the alternatives that can also provide coverage . | Term life insurance is needed when a loved one depends on your income to live or function . Could be a spouse or child or a business partner or key employee situation . Term life insurance is the most affordable way to create an instant estate due to a sudden or unexpected loss . |
Can I Buy Long Term Care Insurance For My Parents? | Yes , you can buy long term care insurance for your parents . A good place to start is to get their health history , medications they are taking , and current height and weight , and then visit a long term care broker such as myself , to get quotes from multiple companies . You will also want to set a flexible budget ahead of time . There are many choices , and this will help you stick with the features that are important to you and your parents . | Stacking is where you take the limits of your uninsured motorist coverage and stack them up . For example you carry 50/100 uninsured motorist limits and are hit by an uninsured motorist and are injured . Your policy would pay up to 50,000 for the injury of each person in your auto up to 100,000 max . Now lets say for example you have two cars on your policy . Of course each car has the same 50/100 limits . With stacking since yourpolicywas covering two cars the limits would be stacked and your now have 100/200 coverage in any auto accident . Stacking is not available in all states and for those states that offer stacking it comes with a premium . |
Does Having A Dog Increase Homeowners Insurance? | Dog ownership increases the likelihood of a law suit . Many insurers use two techniques to deal with this increased risk . The first technique is to deny coverage to a home where specified breeds are kept . If the information comes available after the policy is issued the companies will often seek to cancel coverage and will set the policy to not renew at the end of the term . The second technique is to limit liability coverage for all dogs . Routinely the limit of liability is dropped significantly by an endorsement . The endorsement may exclude coverage for certain specified breeds and for any dog with a history of biting . It is important to check your coverage if you own an aggressive dog . | I checked several formularies , and androgel seems to generally be covered at tier 3 , which is generally $ 45 copay/mo . Be sure to check the plan 's formulary when you buy - and you might double check at each annual open enrollment to be sure the drug is still covered and that the tier level has not changed . |
Does Having A Dog Increase Homeowners Insurance? | That 's a great question ! Having a dog in and of itself might not affect your home owners rates , but owning specific breeds of dogs might . Depending upon your policy and company , there are some breeds of dogs that the insurer will deem as more of a risk to bite . That risk will affect the liability portion of your policy , and thus increase your rate . I 'd advise you to contact your agent , and see if they have a pet clause in your policy , and if your dog will invoke any or all of it . Hopefully it wo n't , and you will have many wonderful years with your furry companion ! Thanks for asking ! | A mouth swab test is used by life insurance company underwriters for smaller face amounts in lieu of full paramed exam in which urine and blood are collected . The salvia test can show the basics to an underwriter such as tobacco use , illegal and prescription drug use and a few major diseases . The results are compared to the answers on the application for approval consideration or to see if further underwriting will be necessary such as ordering an attending physicians statement -LRB- APS -RRB- which is a person 's medical records . |
At What Age Do I Qualify For Medicare? | Age 65 is the age at which you are automatically enrolled in Medicare Part A and Part B , if you have worked and paid Medicare taxes long enough to qualify for Medicare , and if you are drawing Social Security at age 65 . If you are not drawing Social Security at that age you must enroll in Medicare . You can qualify at a younger age if you have been receiving SSDI for two years or have ESRD or ALS . | Life insurance exams can be quite extensive or simple . The requirements vary on your age , amount of coverage , overall health and information in your MIB records and data available in Intelliscripts . Sometimes your doctors records are requested in addition to a physical exam . The exam may be done by a paramedical firm or a regular physician -LRB- other than your own -RRB- . |
What Federal Agency Regulates Health Insurance? | CMS , Centers for Medicare and Medicaid Services regulate the new qualified health care plans . They also keep an eye onMedicare , Medicaid , the Children 's Health Insurance Program and the Health Insurance Marketplace . Keep in mind if a health insurance policy does not meet all the requirements of the new healthcare refore law then you would still be penalized for nothavinginsurance | AIL is one of many life insurance companies that sell life insurance to worksites and to individuals . They are a captive agent company which means they hire newly licensed agents and train them . Their agents only offer the products from the AIL company . AIL generates leads by giving employees of businesses a small temporary life insurance policy for free in order to set a meeting with you for the purpose of selling you additional insurance . As with all insurance companies , shop the rates of what they are offering you with a number of companies BEFORE you sign up to see how they compare on price and policy features . |
What Countries Accept Medicare? | It is not a matter of what countries accept Medicare . Medicare is a United States provision and Medicare dictates what it will pay . Medicare does not cover travel outside of the United States with very few exceptions , primarily certain emergency situations . Some Medicare Advantage Plans and Medicare Supplements offer some foreign travel coverage . | We really have no idea how much Medicare will change in 2014 or beyond . Every year Congress determines the Medicare deductibles and premiums . In most years the deductibles and premiums both increase but some years they have actually been reduced due to political pressure . As I like to say , it must be an election year . There is no predicting what will happen , or how much things will change . |
When Does Private Disability Insurance End? | Private or individual disability insurance ends at the age specified in the policy . Some are years , some are ages such as 65 or 67 years old . Locate the explanation of benefits page that states the terms of your policy . This information will be located within that same page that states benefit amounts , benefit period , elimination periods , etc. . | There are a variety of reasons why life insurance would be denied to a potential insured applying for coverage : Medical issues , no financial justification , the recreational activities are too dangerous , there is no insurable interest , the travel destination during the next two years is too dangerous , the driving record is too egregious , drug abuse , vocation hazard , etc. . There are reasons that a death claim would be denied like fraud or suicide in the first two years . |
What Medicare Supplement Plan Is The Best? | Medicare supplement plans offer broad coverage , do not impose doctor or hospital networks and have less out of pocket Medicare Advantage plans . Any doctor , lab or hospital that accepts Medicare assignment will also accept your Medicare supplement plan . All Medigap plans with the same letter are identical in every way except premium . | Is life insurance international ? There are many possible answers to that question and factors to consider . Purchasing life insurance from another country could have complications and you would be advised to check before you buy . If you are referring to coverage , then yes , life insurance is international . Insurance companies do ask travel and vacation questions when the policy is being underwritten -LRB- before issue -RRB- and will sometimes charge more for travel to certain countries and exclude coverage from death while you are in others . Another factor to consider are the tax laws of your country , the country the policy was issued in and the country the beneficiary is located in . 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 . |
What Medicare Supplement Plan Is The Best? | The best plan as far as I am concerned is the plan that lets you go to any doctor or hospital of your choice , keeps your out of pocket cost low when you have to use it for doctor and hospital services and offers good value for your money . Do n't over pay for your Supplement and pick out a plan and a company that has a good track record for low , stable rate increases . Plan N is my favorite and Plan G would be my second choice . | The Utah Health Exchange offers many affordable options for individuals and families . Six carriers will be offering coverage with federal subsidies available for those persons that qualify . Arches , Humana , Altius , SelectHealth , Molina and Bridgespan will be the insurers that are participating . Because of Open Enrollment , pre-existing conditions will be covered . As experienced brokers , our job is to utilize our experience and our top-rated websites to help consumers compare the best options and easily apply for coverage . |
Can I Borrow Against My Globe Life Insurance Policy? | Globe life insurance markets term life insurance , whole life insurance , accidental death insurance , mortgage protection plans , and medicare supplements . Two versions of the whole life policies do build up cash value that you can borrow against . The Children 's whole life policy is called `` The Young American Plan '' and there is a Whole Life policy that adults can purchase . The face amounts of Globe policies are pretty low so if you are looking for policies to accumulate cash , there are better options available . | In the vast majority of cases , you would not be eligible for Medicare until you either turn age 65 or until you have been receiving social security disability income benefits for twenty five months . If you are on SSI , you should receive your Medicare cards automatically just before your 25th month receiving benefits . |
Why Purchase A Roth IRA? | You should purchase a Roth IRA if you suspect that the rate of tax on your income might be higher when you retire than it is now . You should purchase a Roth IRA if you want to have tax free income when you meet qualifying events . You should purchase a Roth IRA if you want to avoid mandatory distributions and having your distribution taxed as ordinary income . You should purchase a Roth IRA if you are young or old or want to have flexibility when you retire . | A homeowners policy will cover the home and contents in the even of damage due to wind , fire , hail , smoke , etc. . It does not cover wear and tear and breakdown of your appliances . Nor does it cover plumbing and/or electrical wiring . Water damage is covered at an additional cost depending on what type of policy you have . Its always best to consult your agent on the specifics of your policy . |
What Are Indexed Annuities? | Tax deferred indexed annuities can have access to domestic and foreign indices which have the potential to generate returns without the losing money based on negative performance . However , like all savings and investment vehicles , annuities have policy expenses , so you could experience a loss in a non crediting year . Indexed annuities have three crediting methods : spread , caps and participating . The most popular indice is the S&P 500 . One last point : indexed annuities owners generally dont participate in dividends . | To confirm whether Part B will cover Prolia and what conditions must be met to have it covered , you will need to contact Medicare directly . I believe Prolia has been covered under Medicare Part B for a number of years up to one injection every 6 months - typically required to be recommended by your physician . It can often be listed under Part D plans ' formularies as well , but as it is often administered by a doctor , it would typically be cited under Part B. Please note , Part D plans can change their coverage year to year - they are not guaranteed renewable and every plan is different . The drugs that a plan covers can change , the premiums , deductibles , copays , coinsurance , and other factors of a plan can change each year . Plans can even be terminated or replaced and therefore automatically disenroll the consumer , forcing them to select another plan . For the insured person , it 's vital they review their prescription drug coverage each year to determine what plan will best serve their needs for the coming year . When Prolia is covered under Part B , a Medicare Supplement plan might cover the other 20 % of the cost after Medicare pays it 's 80 % share . Whether the Medigap insurer will cover the other 20 % would need to be confirmed with a carrier - when it comes to drugs covered by Part B , there 's usually a couple extra conditions that have to be met for it to be covered as most drugs are covered by Part D. I hope the information is helpful - please feel free to contact me for assistance with Medicare Supplement help . Thanks very much . |
What Are Indexed Annuities? | Tax deferred indexed annuities are annuity policies that use domestic and/or foreign indices options that can be exercised in positive indexed markets . In negative indexed markets the options are not exercised , but also not debited form the annuity crediting account . Keep in mind that policy expenses are assessed against the count and may result in a negative performance in any one year . | What does it mean to be rated for life insurance ? Being rated means you have a health condition that does n't exclude you from coverage -LRB- declined -RRB- , but ads additional cost to the policy . Also known as `` table rated '' a person could be rated along a range of levels -LRB- tables -RRB- for an illness depending on their individual situation . A great example of table rating is diabetes . When I started 25 years ago , Diabetics were a straight decline for life insurance . No chance . Over the years , as treatment and severity of Diabetes changed , came a `` range '' of health levels that Diabetics can display . There are diabetics who have become healthier than the general population and there are Diabetics who every day struggle with control of thier illness . The insurance industry has figured out these two are not the same individuals health wise . A person with well controlled diabetes may fall into normal class range or low table rates , while a person with less control of their diabetes would be higher on the tabe rates . |
What Renters Insurance Coverage Do I Need? | When you purchase renter 's insurance , it will cover your personal contents up to a specified amount . There will , of course , be other coverages included . It 's important to discuss with the agent/broker the amount of coverage that is most suitable on your property and `` replacement cost ? as a rider . By adding this rider , your property will not be depreciated if an approved claim is paid . | Geico does not write homeowners insurance themselves . However , they do offer it as an agent for other companies . So , if you call Geico , they can get you homeowners coverage but it will be with a different company . My advice is to find a local agent you trust who will actually sit down with you and coordinate all your coverages . As much as some companies will try to convince you that all insurance is the same , I assure you it 's not . It takes time and careful consideration to put together insurance coverages that will protect you and your family correctly . Be smart , find an agent you can trust and take their advice . You 'll save money and aggravation in the long run . |
Does Auto Insurance Follow A Driver? | Yes , if you are driving someone else s car and you are involved in an accident your insurance pays first . If the damages go beyond your insurance limits then the car owners policy would pay . Anyone who has a drivers license needs to have insurance or a Financial Responsibility Bond even if they do not own a car , unless they do not drive at all . If you loan your car to someone make sure they have insurance . | Hawaii requires that employers with a quarterly payroll of $ 225 or more provide a minimum Temporary Disability Insurance -LRB- TDI -RRB- plan to persons who have worked at least 20 hours per week and for a time peirod of at least 14 weeks in Hawaii . The state of Hawaii itself does not administer a state Disability Insurance Plan . |
Why Do You Need A Retirement Plan? | Someday youre going to retire and youll need more than your Social Security benefits and Medicare . Youre going to be living longer and youll need more than your Social Security benefits and Medicare . You need to supplement your Social Security benefits and Medicare with another retirement plan because Social Security benefits and Medicare wont be enough . How you plan for your retirement today will determine your lifestyle tomorrow . | In Canada , an EFT -LRB- Exchange Traded Fund -RRB- and a Mutual Fund are similar , but there are differences . This is an overview only . Mutual funds are actively traded by investment managers . They set a strategy and buy and sell stocks and more to achieve a return . An EFT reflects the performance of an index the S&P 500 or the S&P / TSX Composite for example . Note : There are some mutual funds and segregated funds -LRB- variable annuities -RRB- that hold EFTs as investments . If you have further questions , or if you feel that I could be of assistance , please do not hesitate to contact me . Mutual funds are often used as part of a retirement plan . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . |
Why Do You Need A Retirement Plan? | Most people in the USA have a retirement plan . It is called Social Security . The question is , will my social security benefit be adequate to meet my lifetime needs . For an amazing number of people the answer is , yes because that is all that they have . If you think you might need more money than that , then start talking with a retirement income certified professional . Get a plan and enjoy your retirement . | If a life insurance beneficiary is dead , and the policy owner/insured person has already passed away , the proceeds from the policy would go to the estate of the insured . There , they would be split up according to the dictates of the will , or if no will exists , distributed to family members in percentages determined by state law . |