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Can I Buy Auto Insurance Without A Driver'S License? | Technically yes you could purchase auto insurnace coverage without a valid driver 's license under certain circumstances only . If your license is currently revoked or suspended and you are at the end of the suspention or revokation period and need to show proof of insurance to have your license re-instated then you should be able to get auto insurance covereage . If you have not ever had a driver 's license or currently under suspention or revokation and not elegible to have your license re-instated immediately then you would typically not be able to secure auto insurance coverage . | Permanent policies have cash accumulation in them and you are basically drawing out the cash you 've put into them for personal use . There is going to be an interest charged to the money usually at around 6 % where I 'm at , but you do n't usually have to pay that back . You also want to be aware of that if you the accumulation value gets to low and ends up going to 0 then the policy will lapse . |
What Is A Non-Qualified Retirement Plan? | Non-qualified retirement plans are not sanctioned for the tax deduction like qualified plans are under ERISA . Non-qualified retirement plans generally use annuities and life insurance . Annuities can be used in qualified plans , but life insurance can not . Non-qualified and qualified retirement plans using annuities , for an example , accumulate tax deferred , but the basis of a non-qualified annuity is distributed free of taxation , whereas qualified annuities are fully taxable including basis . | I would agree most tenant-homeowners policies cover your personal property while it 's in your home or `` anywhere else in the world '' and there is no limitation I 'm aware of for storing some of that property in a storage unit . Although I do n't wish to disagree with a colleague , I believe coverage would apply at another residence should you have more than one but a 10 % or $ 1000 , whichever is greater , limitation would apply . Tenants policies generally limit coverage to specific named perils like fire , wind , theft . certain types of water damage , etc. , but your personal property should be covered in a storage unit the same it would if the property was in your home . Dropping ink on a rug however may not be one of the covered perils . |
How Does Auto Insurance Protect You? | Auto insurance protects you in several ways . First , when you have an accident your policy will pay for the damages to your car and the other persons car . Second , when you have an accident your policy provides liability coverage to cover the other persons injuries . It is very important to make sure your policy has enough coverage because if not you can end up in court and a very large bill . Auto insurance also provides coverage for you if someone hits you and they do n't have insurance or have enough insurance . Again , it is very important to discuss your policy with an independent agent to make sure you have the proper coverage . | Renters Insurance will take effect immediately however if there is damage or you need to file a claim from an event which occurred BEFORE the policy went into effect , you will not be covered . Be sure to ask those specific questions from your agent so you know `` all the small print '' and rules on what constitutes a claim . |
Is A Money Market Fund A Mutual Fund? | A Money Market Fund can be a type of Mutual Fund . It refers to a fund that invests in short term debt securities such as treasury bills -LRB- T-bills -RRB- , commercial paper , certificates of deposit and bankers acceptance . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . | Simply stated , you will want to make sure that the coverage provided for your personal property is enough to cover a loss . Talk to your Insrance Professional about the value of your belongings but also about including a `` Replacement Guarantee '' settlement clause to make sure youare well protected . The other element is Liability protection , which we recommend to be at least $ 300,000 . |
Is There Life Insurance For Hiv Patients? | There is a new Group policy that individuals can purchase through a membership that comes with $ 10,000 in life insurance with the option to buy-up to an addition $ 90,000 in $ 10,000 increments . You must be working at least 30 hours per week and live in the USA . It is coverage to age 100 and can be purchased at any age as long as those requirements are met . It is very inexpensive compared to those Guaranteed Issue policies everyone keeps talking about . Contact me for more info or search ROCO Insurance for more information . | Per wikipedia : Disability Insurance , often called DI or disability income insurance , is a form of insurance that insures the beneficiary 's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work . For example the inability to focus or maintain composure as with psychological disorders or an injury , illness or condition that causes physical impairment or incapacity to work . It encompasses paid sick leave , short-term disability benefits , and long-term disability benefits . Statistics show that in the US a disabling accident occurs on average once every second . In fact , Nearly 18.5 % of Americans are currently living with a Disability , and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement . |
Is There Life Insurance For Hiv Patients? | There is at least one private insurance policy available for persons , with HIV , between the ages of 0 to 85 which should include most who seek coverage . The policy is whole life as opposed to term life . Thus , as long as you pay your premiums your coverage wo n't lapse during your life time . In addition , this policy provides for benefits up to $ 10,000 . There is a 3 year waiting period before the full benefit kicks in but if you pass during this 3 year period all premiums paid to date plus 10 % will be paid out to the beneficiary . Accidental death benefits can be attached to the policy which become effective immediately upon issuance of the policy . So , even within the first 3 years of the policy , if death is due to accident , the policy will pay double face value up to $ 20,000 . Finally , there are no medical exams , only two medical questions and there are no medication restrictions . | A mortgage is typically the single largest investment a family will make . Not only is it a large financial commitment but it provides for one of the basic human needs ; housing . As such this investment should be protected for the unexpected . Insurance is a great tool to do that . You can get what is called `` mortgage protection '' which basically can do a couple of things for the insured ; 1 -RRB- You can have it tied directly to the mortgage so that in the event of an untimely death the house is paid off . 2 -RRB- You can have enough coverage to pay off the mortgage in the event of death with the benefits going directly to your beneficiary to use as they see fit . 3 -RRB- You can get enough to allow your beneficiary to continue to make mortgage payments until they decide to either sell the home , refinance the home or make other arrangements . Protecting your investments is always a wise decision . |
Is There Life Insurance For Hiv Patients? | Unfortunately , the only type of private life insurance that HIV patients can get is guaranteed issue life insurance . Guaranteed Issue policies are not available at every age , so there are some people who are HIV positive who may not be able to obtain a life insurance policy unless under a group plan through their work . | Medicare does not cover routine eye exams or corrective lenses , but there are situations where they will cover eyeglasses . If you have had cataract surgery and need special glasses , Medicare normally pays for your glasses . You should pick a Medicare approved DME -LRB- durable medical equipment -RRB- supplier that accepts assignment in order to minimize your out of pocket exposure . |
About How Much Should I Pay For Term Life Insurance? | 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 . | If you are considering cancelling your life insurance , I would strongly suggest calling the company . They will mail , email , or fax your a form that you can use . More importantly , they may give you some options so that you can keep at least part of your death benefit without paying any more premiums . I have heard from many people that customer service reps for life insurance companies can be confusing , so do n't hesitate to drop me an email or give me a ring if you are unsure what they are talking about . |
About How Much Should I Pay For Term Life Insurance? | This is a great question . What you should pay for a policy depends on what you can afford and what you can want in a plan . Do you plan to cover a house or cars if you expire or do you want to just cover funeral costs ? The premium will depend on a number of factors including your age , height , weight , amount of the policy , etc , etc , etc. . If you are in one of our states , you are welcome to contact us for help . Enjoy your day ! | Because buying short term disability coverage it is better than no coverage at all . Social Security disability insurance can help , but its more than likely inadequate . And workers comp pays only on disabilities that occur on the job . But before you purchase short term disability insurance , find out if your employer group benefit plan offers it . If your employer doesnt offer it , start shopping for short term disability , to give you some paycheck protection . |
About How Much Should I Pay For Term Life Insurance? | I like to keep my answers very short and to the point . This way there is no room for misinterpretations . Always keep in mind that Term Insurance is for temporary purposes only : such as many will call it mortgage insurance to cover balance on your home for the remaining term of loan . While you are accumulating wealth during your working years whether it will be for 15 , 20 , 25 , or 30 years . So how much should you get ? Answer is , as much as you can afford in premium with a company that can offer a transfer to permanent insurance at a later day . -LRB- Keep also in mind that you also risk in obtaining an un-insurable sickness during these years , this is why as much and as long you can afford at the time -RRB- . Solutions to offer you : Talk to an agent of experience from a consultative perspective . And second , treat life insurance as planning tool as well as a form of protecting your investments , life , family and possessions while in debt with a goal of self insurability . | Only if it is deemed a medical necessity , and even then the insurer may require a second opinion . Health insurance will not cover a noise job that is being preformed for cosmetic reasons alone . If the noise job were to correct a breathing problem such as a severely deviated septum that resulted in potentially serious complications such as sleep apnea then it would be a qualified medical expense . Also if the nose job was a reconstructive procedure following a serious accident that seriously damaged a individuals face then again yes . |
About How Much Should I Pay For Term Life Insurance? | You should never pay more than you have to . And to keep that as your motto , here are the factors so when you can go shopping you 'll be armed with the Intel to get the best deal . Term life insurance istemporaryprotection from life 's liabilities . T.E.R.M. = Temporary Expense Reimbursement Money . If you need istemporarythan term life insurance is for you . But term life insurance companies are not created equal . The top ten term life insurance companies for standard or better health and their substandard counterparts are the players in the market . Every other company is just taking up space on a spreadsheet . Your health will dictate the price tag you 'll pay , but keep in mind that there are benevolent life insurance companies who underwrite better the most and you could save a bundle if you shop the players in the term market . We can help with that . | Yes depending on what happens to it . It is not going to cover it if it breaks , however if it is destroyed due to a covered peril such as fire or theft , then there is usually coverage for electronic equipment . There is usually an internal limit on what it would pay and sometimes a separate deductible . |
What Are Good Rates For Term Life Insurance? | That 's a really tough question to answer . There are a lot of factors that determine term life insurance premiums . Every policy is unique and meets the need individually . Your rates are determined by age , build , health status , life style , occupation and state of residence . I highly recommend using an experienced life insurance broker who can shop multiple companies to find the best product and best price for your unique situation . Most of us do not charge for our expertise . | To receive an accurate quote for an auto policy you should provide the agent with the Vehicle Identification Number -LRB- VIN -RRB- , the current odometer reading , the date that the car was purchased , the purchase price , the coverages desired , the condition of the vehicle , the anticipated annual mileage and a list of all the drivers in the household with their drivers license numbers , |
What Are Good Rates For Term Life Insurance? | Good rates for term life insurance are the lowest rates from a given carrier you can qualify for for the desired face amount and term length of coverage . The premiums for any life insurance policy are determined by the risk classification the carrier will approve you for . The better the risk class you qualify for , the lower your rates will be . The risk classification is dependent upon a number of factors including , but not limited to , your age , gender , height/weight profile , medications you may be taking , medical conditions you may be being treated for , family medical history , and any tobacco usage . Please note , every carrier has their own set of underwriting guidelines so , depending on your medical history , you may qualify for a better risk class with one carrier than another . This is why it 's important to shop the case among a number of carriers to make sure you 're getting the lowest rates for the desired coverage amount and term length - this does not mean apply to many companies -LRB- applying to multiple companies works against you -RRB- . It means review your medical background with an experienced , independent life insurance broker who can shop the case for you to determine which carrier will work best for your medical history and offer you the lowest rates . Insurance brokers do not charge any fees for their input so you can only help yourself by speaking with one . I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage , provide quotes , and policy comparisons , and if you have any other questions . Thanks very much . | Well let 's sort this out a bit . First off you wo n't get in trouble from either company for having dual insurance for 30 days . You might want to go with the plan that has the best cost and coverage for having a baby . I was going to mention this is a qualifying event as per the ACA , but they will not backdate so that 's really out for at least July . You need to get out the scratch pad and pencil out the costs of premiums , deductibles and co-insurance for your family . Your former union plan might be $ 400 a month cheaper in premium , but may leave you with more deductible or co insurance . You will need to pay up through August , since we 're in that month now . Please do n't be slow on this , the clock is ticking and the costs will only get higher the longer it takes you to get the paperwork back . Go through your paperwork from both and see when their drop deadlines are . This is something you should finish no later than this weekend . Good luck and get on it . |
How Can I Reduce My Auto Insurance Premiums? | You could reduce your auto insurance premiums in many different ways . You could raise the deductible that you have on your comprehensive and collision coverages if you are carrying full coverage on you policy . You could lower the amount of coverage that you have on the policy . If you do n't already have your homeowners and auto policies with the same carrier you could look at having both policies with the same carrier to receive extra discounts . Talk to your local agent and they can help you possibly find ways to lower your rate . | Talk to your Insurance Professional about the specific terms and conditions of your policy , but in general , one of the common covered perils in a Homeowners ' policy is lightning . The damage that a lightning strike can cause certainly may vary depending upon the appliances you have as well as the grounding efforts applied by you and your electrician . |
Is Term Life Insurance Better Than Permanent Life Insurance? | Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money : The Name of The Game . I 'm answering questions from InsuranceLibrary.com and today 's question is , `` Is term life insurance better than permanent life insurance ? '' Well , did you hear the two words in there ? One is term and one is permanent . When I 'm looking at term insurance , I 'm looking at obligations . I 'm looking at liabilities that I may that are temporal that they are not forever . And so I 'm going to look at term insurance to cover those ideas , those indemnification needs , and if I have permanent needs them I 'm going have to look at different forms of life insurance that are permanent . It could be Par Whole Life . It could Current Assumption UL . It could be Indexed Universal Life . It could be Variable Life , depending upon what my propensity for risks are , but I 'm always looking , is this a temporary expense reimbursement ? Or is this a permanent need that will never go away ? It 's never not is term insurance better or worse than permanent ? It 's the issue of the need . Well , that 's our consumer question for the day . If you have any questions just submit them to www.InsuranceLibrary.com . | Medicare Part D , otherwise known as the Medicare prescription drug benefit , is a government subsidized program that was part of the 2003 Medicare Modernization Act . The MMA did n't go into effect however until 2006 . Medicare Part D is available to Individuals as long as they are signed up for Part A and Part B . Once in force there are two plans to choose from depending on whether there insurance is private or public . As a rule of thumb , not all medications are covered under Medicare Part D . In addition , the program delivers a strong incentive to choose generic drugs over name brand drugs . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978 ... I would love to hear from you . |
Is Term Life Insurance Better Than Permanent Life Insurance? | Is term life better than whole life ? Well , short answer is NO . Term life works best for short term needs , not long term needs . Whole life works best for long term needs and not short term needs . So the answer has to be prefaced with how long do you need the insurance ? | There are many quality life insurance companies in the U.S. . The top carriers generally have product and underwriting niches , so it 's difficult to cite one carriers as better than the other . Additionally , these carriers have differing financial ratings , balance sheets and alliances with other companies which all contribute to their value to the consumer . |
Is Term Life Insurance Better Than Permanent Life Insurance? | If ALL you are looking at is Price , then Term insurance , being a good deal less in price for the same amount of permanent insurance would be `` better '' . However if you 're looking for VALUE , Whole Life is far far better than Term ! There are several types of `` permanent '' insurance as Steve noted above . However Whole Life , -LRB- or `` Par Whole Life '' -RRB- , is the only one that truly guarantees level premium and guaranteed no downside risk to the cash value of the policy . And I would add that the best value in Whole Life Insurance is that which is purchased through a Mutual company that pays dividends to the policyholders . | I am not a big proponent of mortgage disability insurance . It is just too limiting . The only reason to purchase mortgage disability insurance would be a guaranteed issue policy because you are uninsurable . Otherwise just purchase short and/or long term disability insurance and use the proceeds however you want . Benefits can be used to pay mortgage , medical , utilities or anything you choose . The cost is not much different for the same waiting periods and benefits . |
Does Aaa Have Life Insurance? | Yes , AAA -LRB- American Automobile Association -RRB- does offer life insurance . In order to compare AAA 's life insurance prices to the quotes from other companies , visit a website that offers instant life insurance quotes . Be sure to compare `` apples to apples '' , such as guarantees and prices at the actual health rating that you will be rated with each company . | One of the great things about life insurance is that the death benefit in NOT taxed when paid to a beneficiary that is a person . That is when the beneficiary is NOT an estate , which may then be distributed to beneficiaries . If the death benefit goes to an estate and is then distributed , then it may be taxed as inheritance or may be subject to estate tax if the total estate exceeds the threshold for estate tax . Typically death benefit paid to individuals are not considered as income or inheritance for the purposes of taxation . |
Does Having A Baby Change Auto Insurance? | It does n't but I guess it really should . Babies are more of a driving distraction than cell phones . Those little muchhkins have all the noise distractions of a loud car radio combined with the visual distractions similar to texting while driving . Plus they can assult your sense of smell and even throw unsavory things at the driver . If things were truely fair , babies would raise your insurance rates ... but they do n't . IF you have the correct car seats and always use them , you should never have a rate up for having a baby . Better off ... leave them home with dad or grandma and keep your eyes on the road . | A pre-existing condition for health insurance is a medical condition that you have/had before your coverage under a health plan starts -LRB- your effective date -RRB- . I hope the information is helpful - please feel free to contact me for help with your health insurance plan or if you have any other questions . Thanks very much . |
Does Homeowners Insurance Cover Defective Shingles? | Homeowners insurance does not cover defective workmanship . Now in the case of your shingles if you had a wind storm for example and water leaked in your home the insurance company would pay for the damage to the dwelling . Upon discovery you have faulty shingles , you the homeowner , would be obligated to replace those shingles , not the insurance company . In pretty much every case I have seen if the shingles are not replaced you would be non renewed by the insurance compnay as the insurance company does not want to pay another claim due to faulty shingles . | It may . Typically a homeowners policy will contain coverage for personal property . Under the coverage for that personal property there may be limited coverage for items such as fire arms , jewelry , and computers to name a few also subject to your deductible . In most case to properly cover your fire arms you will have to get an endorsement added to the policy to provide coverage for the full value of your fire arms . Contact your local agent about this coverage as it pertains to your homeowner policy . |
Does Homeowners Insurance Cover Defective Shingles? | Mark is correct in that your policy would not cover defective workmanship ; that 's an issue you would need to take up with the contractor , assuming that you hired the contractor to install the shingles -LRB- as opposed to purchasing a home with a new roof -RRB- . If the issue is a defective product installed by a contractor , that would fall back on the contractor 's insurance , which covers products and completed operations . | The best thing you can do is give some thought to how much money your family would need to live if you died prematurely at various times throughout your life . For example , you might need a lot of coverage if your young with a family to support . Middle age might require less and permanent coverage even less . Once you have a good idea of your needs , find an agent that seems competent by doing some due diligence . Check the comments of previous clients and/or the state insurance commissioner . |
What Is The Best Life Insurance In Nebraska? | There are many great life insurance companies that are licensed in Nebraska . Considering how small our state is , there are also a large number of life insurance companies headquartered , or with regional offices , here . Just a few are Assurity Life , Berkshire Hathaway , Lincoln Benefit Life , Mutual of Omaha , State Farm , and Woodmen of the World . | That is an excellent question ! The first thing that I would tell you is to find a good agent to help you with this . You will want to have a good idea of the value of your belongings , and decide whether it is better for you to pay more , and get replacement value -LRB- paid for new -RRB- or pay less , and get actual value -LRB- paid , but minus age and depreciation values -RRB- . You will also want to have an idea of whether you have a collection , or items that might need to be specially insured . Again , a good agent can help you with those decisions . Good luck , and thanks for asking ! |
What Is The Best Life Insurance In Nebraska? | There are several online life insurance brokerage portals that maintain extensive search engines to display premium comparisons between the leading life insurance companies in the U.S. . The data input requires the state you live in to generate quotes.With the exception of the state of New York , the premiums differ little from state to state . | A life insurance wholesaler is an agency that recruits life insurance agents to sell the products of various life insurance companies . For instance , if you meet with an agent and he shows you rate comparisons of 25 different companies and you choose to apply with one , the agent does n't need to deal directly with all 25 companies . He will deal with the wholesaler and can offer you the products of all the companies . You get the lowest rate any of the companies offer . Life insurance companies are required by law to give you the same rate no matter how you apply . |
Can A Nurse Practitioner Bill Medicare? | Yes , The Balanced Budget act of 1997 loosened the guidelines a bit to allow a nurse practitioner the ability bill medicare separately and independently from a physician as long as certain criteria are being met . 1 . They are considered physicians ' services when furnished by an allopathic or osteopathic physician . 2 . Services are provided by a person that meets the definition of a nurse practitioner . 3 . They are not otherwise excluded from coverage by law . 4 . Services are performed in collaboration with a physician . 5 . State law must allow the services to be performed by a nurse practitioner . | A 1035 exchange life insurance is a way of replacing your cash value life insurance policy without having to pay taxes on the cash value , per the advice given above . You can exchange your life insurance for another life insurance policy or for an annuity . The owner and insured must be the same on the old and new policy , and the exchange must take place directly between the insurance companies . |
What Does Homeowners Insurance Provide? | A homeowners policy is a legal contract . Your part is to pay the premium . The company guarantees to pay for damages to your property , both the residence and the contents when the damage is the result of specified perils -LRB- i.e. fire , wind etc. -RRB- up to the limits of the policy . There are specific perils that are excluded , most notably , flood and earthquake . There are also limits to recovery for certain types of property -LRB- i.e. fire arms , and Jewelry . -RRB- The policy also provides legal defense and payment of claims against you for personal injury and bodily damage lawsuits . The coverage is limited by the policy declarations . There are additional coverages such as debris removal , loss of rents , and others . | Which life insurance has cash value ? Typically whole life and universal life polices have cash value , although some term policies also have a guaranteed cash value . The cash value is essentially a byproduct of keeping the premium level . You pay more up front , so the build up of cash and its growth reduces the company 's amount at risk . How the cash value is calculated , how much is guaranteed and how much -LRB- if any -RRB- is variable , depends on the design of the policy . This is spelled out in the policy wording . 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 . |
Does Blue Cross Blue Shield Offer Life Insurance Products? | Some Blue Cross plans will write life insurance , usually through a sister company . In South Carolina life insurance policies are issued through Companion Life Insurance Company . In Georgia , life insurance policies are written by Greater Georgia Life Insurance Company , Some Blue Cross companies are stock carriers , others are mutual , and a few are not-for-profit companies . | You can apply for a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . The best overall time to buy will be your initial open enrollment period when you 're new to Medicare and just starting Part B coverage . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . It 's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires , needs , and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
Does Blue Cross Blue Shield Offer Life Insurance Products? | Not usually directly . The Blue Cross Blue Shield companies I work with offer group life insurance through subsidiary companies . Usually group term life with accidental death and dismemberment coverage . I do n't know of any BCBS companies that directly offer life insurance as it may be against their tax status or state insurance regulations . | Getting auto insurance coverage can take as little as a few minutes on up depending on your situation and the information that you have readily available when contacting the agent . When you call a local agent you should at minimum have the names of all to be insured , the drivers license numbers of all to be insured , the vin numbers of all the vehicles to be covered , the dates of birth of all drivers as a start . This is just a start . Contact a local agent to find out all of the information that they require to provide you with a proper quote . |
Does Home Insurance Cover Animal Damage? | The best answer I can provide is maybe . It really depends upon what damage is done by the animal and if it is your animal -LRB- i.e. pet -RRB- or a wild animal . Your animal & physical damage to your home : more than likely not , unless your carrier offers an endorsement against owned pet damage . I personally have never heard of this type of coverage , but that does n't mean it can not be found in the surplus lines market . Your animal & physical damage to another person or another home : sometimes yes . I say sometimes because if you have a breed of animal that is notorious for attacking people or causing damage your homeowners insurance will exclude it . However , if you have a breed that is typically docile and it randomly attacks a person or damages another person 's property your liability coverage will take care of it . Wild animal : more than likely not . If it is a rodent/pest then there is more than likely an exclusion in your policy . However , this exclusion might be something you could buy back -LRB- i.e. get coverage for -RRB- so check your policy . If it is something not considered a rodent/pest then it is very doubtful you have any coverage . I hope this helps . | Getting Life Insurance on kids can be a good idea . Thankfully , children do not usually need life insurance due to death , but there are other advantages to kids having life insurance . The main one is that they can get a rate locked in at a young age and in very good health . If there is a family history of type 1 diabetes or other disease , this can save them a lifetime of having to pay higher rates . |
How Much Does An Agent Make On Life Insurance? | That is an excellent question ! Insurance agents do not draw paychecks like normal people . They are paid a portion of what policies they are able to sell , and that amount is called a `` commission '' . The amount of that commission will depend upon the agents ' contract with the company , and upon the product that has been sold . There are also small payments made annually called `` residuals '' that are paid when people keep their policies in force over the years . This income can be very lucrative , if you are a good salesperson , and are very active in your sales work . I hope that helps , thanks for asking ! | The cost for your renters insurance depends primarily on the value of contents -LRB- property -RRB- you have in the house you are renting , and to lesser degrees , the personal liability limit and property deductible you choose . As general rule of thumb , the cost is about 1 % of the value of your contents . So , for example , if you have $ 25,000 of contents in the home , you can expect to pay somewhere around $ 250 for an annual renters policy . |
How Much Does An Agent Make On Life Insurance? | The short answer is it depends . There are many factors that goes into a life insurance agents paid commissions . There are different commission rates with different carriers . The main factor is how hard the agent works . If he or she writes a lot of business , then they will make a high 6 figure income and some make 7 figures . If they are not hard working aggressive folks then they will make a low 5 figure income or fail all together . It is a great living for the person with a good work ethic , high morals and character and the willingness to learn constantly . | Yes , your contents are covered away from home anywhere in the world for 10 % of the value for theft . Subject to your deductible.If your contents coverage is $ 100,000 , then you would have $ 10,000 ofcoverage away from home . Read your policy though as there could be special limits on things like jewelry or other items . |
How Much Does An Agent Make On Life Insurance? | This really is to broad of a question to answer . It depends on the agent 's contract with that particular carrier . Different carriers pay different amounts for different types of policies , and for different agents for those carriers . The one thing you can be sure of though is if an agent is selling a life insurance policy , they are getting paid for it . | The short answer is - No . Not everyone can get life insurance . By far most can be insured , but there are some conditions which preclude insurability . Someone mentioned Lloyd 's of London in reference to getting insured when past the age limit for life insurance , but I 'm not familiar with Lloyd 's and how far beyond normal they go , but most insurance companies will not insure anyone over 85 years of age . |
What Is True Term Life Insurance? | What is `` true term life insurance '' ? Annual increasing premium term insurance is what fits the definition of true term life insurance . Annual increasing term is a one year premium , each year a new premium is created and year after year th cost rises to reflect the true cost of insurance . With AIPT you only pay for the actual premium for that period of time . There is no extra premium applied to be held in reserve to balance the cost . What most people , even the people who blast permanent insurance do n't realize is level term is a form of permanent insurance . Just a different time frame for the product . You overpay early to underpay later . The overpayment is invested early to help with the cost later , just like permanent . | While the listing of largest insurance companies is accurate , at least on the day it was released , it avoids the most important consideration and that is , where are you located . Sometimes regional companies dominate local markets and are seen as the premier companies to trust . Your state may have legislation or regulatory issues that make some of the large players reluctant to go after business in your state . Many companies left California about twenty years ago because of a change in the state constitution . |
How Much Is Good Health Insurance? | Good health insurance is a lot less expensive than bad health insurance . There are many bad policies out there . Some masquerade as health insurance but are really limited benefit plans or worse , just a discount . Some plans are major medical but only cover hospital inpatient care . Others may cover generic drugs only and maybe a few brand name drugs . If you buy one of the bad plans you wo n't have a problem until you really need it , then you will find out just how expensive the plan really is . | EE taxes are those deducted from employees ' paychecks for the funding of Medicare . Paying EE taxes for at least 40 quarters allows people to get free Medicare Part A. Often referred to as `` Fed Med/EE tax , this tax is the federal Medicare tax . It is 1.45 % . In 2013 , an additional .9 % will be charged on wages earned in excess of $ 200,000 . |
How Much Does An Auto Insurance Broker Make? | Great question . An insurance broker or agent makes their living on selling and servicing insurance policies . They make a small percentage on the sale of the new policy . it veries from each compay on the compensation rate agents make . Also it depends if they sell auto , home or life insurance . | There can be a little leeway in the definitions of a pension , but heres mine . The traditional quailed pension of the past was a basic defined benefit plan investing in the market or a more conservative portfolio of fixed instruments paying a fixed ongoing payment either for the life of the pensioner or a fixed time certain period . The benefits are taxed as ordinary income . A tax deferred annuity is a non-qualified insurance product that can pay as similarly stated above , except the distribution of basis is tax free . |
How Much Does An Auto Insurance Broker Make? | I will supposed you are asking yearly income of an insurance Broker . The income is based on your effort and development and execution of your marketing plan . A broker can make any where from several thousand dollars a year to several millions a year if they are whole seller or specialize in large commercial accounts | The cost of health insurance premiums can be paid using the long term disability benefit payments . Your question helps highlight the importance of having income replacement coverage is the first place . Many employees are shocked to learn the true cost of employer sponsored health insurance . Many employers pay a significant portion of the premium for active employees . However , when an employee leave on a disability , the employee can continue coverage under COBRA . The employee pays the full premium and often needs to continue with coverage because their disability requires medical care . Paying for health insurance without an income can be crippling . |
When I Can Withdraw Money From My 401K? | Most people would want to wait until they are at least 59 1/2 years old to withdraw money from their 401k because that is the age when penalty free withdrawals can be taken . You can take withdrawals earlier , but there will be a 10 % penalty for early withdrawal . There are exceptions to the 59 1/2 age requirement : You become totally and permanently disabled . You terminate employment through permanent layoff , termination , quitting or taking early retirement in the year you turn 55 , or later . Pay for medical care up to the amount allowable as a medical expense deduction in the same year as the medical expense was incurred . Your withdrawal is a response to a qualified domestic relations order . You are required to begin 401k withdrawals by April 1 of the year following the year in which you turn 70 1/2 . Regardless of when you take your withdrawal from your 401k , the amount you take out will be taxed as ordinary income for that tax year . You should always seek out a qualified financial professional for help in these situations prior to taking action . | Life insurance can cover death in one of two ways : 1 -RRB- Full coverage 2 -RRB- AD&D Full coverage means that the life insurance policy will pay out a death benefit regardless of whether death occurs by illness -LRB- including old age & natural causes -RRB- or injury . This is the most common type of life insurance that is purchased because a person is much more likely to die due to illness than they are by an injury -LRB- e.g. car accident or a plane crash -RRB- . AD&D is short for Accidental Death & Dismemberment . This kind of life insurance , while typically cheaper than full coverage , only pays out a death benefit if death occurs due to injury -LRB- the types of injuries that are covered may be outlined in the plan as opposed to general language -RRB- . Given that the average person is much more likely to die due to illness than they are from injuries , full coverage is a much more desired option for people . If a person dies by illness and has an AD&D policy , this coverage will not pay out a death benefit . It 's important to consult with an experienced life insurance broker to compare your options and help you determine the type , amount , and length of coverage that will be most suitable to your needs and budget and which carrier can offer that coverage at the lowest rates . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
How Long Should You Keep Life Insurance? | If you have a Permanent life insurance policy that is is paid up , has cash value that continues to grow , and you do n't need the money now , you should probably keep it until death . If your policy is not building up as much cash value as you had hoped , you could review it with a trusted agent to see if there are better options , and get a projection of values of the policy so that you can make an educated decision . If Term insurance , you should keep it as long as you need it , or until the term ends . It is expensive to keep Term insurance past the date of the term 's end . So if you still need coverage at that time , either convert your policy to Permanent , or purchase a new Term policy before it reaches that point of exorbitant premiums . | You might call your insurer to see if you can get reinstated you should hurry time is a virtue here if not if you do not have a planner you should speak with one this is very important because he or she can help you have things in place and where you need it . |
When To Stop Long Term Disability Insurance? | Traditionally , long term disability coverage extends to age 65 . The older an executive is , the more important disability benefits are . Morbidity events increase with age , terminating coverage or considering the termination of coverage is a bad statistical move in light of mid life disability occurrences . Disability insurance should continue to retirement . | Starting in 2014 , there will be a penalty for not having health insurance in force -LRB- unless you meet specific exceptions -RRB- . Although the penalty is not significant -LRB- less than $ 100 per person -RRB- , it will increase thereafter . Technically , it is considered a tax and you may be eligible for a federal tax subsidy that reduces the premium on the insurance you purchase . You can easily purchase affordable health insurance for an individual or a family . Request a free quote from a broker 's reputable website , compare plans and apply online . Hey ... that 's easy ! |
Why Does My Landlord Want Me To Have Renters Insurance? | I think that there are two reasons . The landlord wants you to understand fully that he is not responsible for your personal property that is in the rental unit . He is saying , if there is a fire and your things are destroyed , you are responsible , not the landlord . The second reason is liability for personal injury and property damage . If someone is injured in the unit you are responsible and need insurance to protect yourself . | You can but there would have to be some reason . For example , if you reside in one state , but have a vacation home in another , and you want to avoid the wear and tear on one of your primary cars , you may want to register a car in the state in which your vacation property is located . In that case , due to states registration regulations which require proof of insurance issued in the registering state , you would obtain coverage for that car in that state . |
Why Does My Landlord Want Me To Have Renters Insurance? | That is a great question ! There are a couple of reasons , one that favors you , and one that favors them . They want you to have renter 's insurance because it provides you with protection in the event that something were to happen that might cause you to suffer a loss of property . It also protects them , as it helps lower their insurance risk , and thus their bill . Thanks for asking ! | Great question . To get a new car insurance policy usally can be done in one day . You call the insurance agency and request a quote and they ask you some question and call you back with the price . Once you like the coverage and the quote you can buy the policy the same day . |
Does Life Insurance Go On Your W2? | According to www.irs.gov , $ 50,000 or less of group-term life insurance that is carried directly or indirectly by the employer -LRB- meaning the employer pays for some or all of the life insurance for employees OR arranges for the premiums paid by at least one employee to subsidize the premium for at least one other employee -RRB- , does not have any tax consequences . Life insurance coverage over $ 50,000 that is carried directly or indirectly by the employer , will include on the W2 the amount of the premiums that is taxable to the employee . A policy that is not carried directly or indirectly by the employer has no tax consequences to the employee . | Chiropractic care is covered under Medicare Part B. Your chiropractor must meet Medicare guidelines for licensure , etc. . Your chiropractic treatments must be deemed medically necessary . There are no annual or monthly limits on the number of visits covered under Medicare . A doctor gave a man 6 months to live . He could n't pay his bill , so the doctor gave him another 6 months.Ba-da-bing |
Is Life Insurance A Good Investment? | You know , and maybe it is just a difference in interpretation , but I have never looked upon Life Insurance as an investment vehicle . Life insurance is designed to provide financial protection for you in the event that you die early . It is a legacy of love that you can leave for your family . That having been said , permanent forms of Life Insurance do provide some level or type of cash accumulation that grows over the years and is not taxable so long as the proceeds stay in the policy . That along with other investment vehicles can provide a nioce growing nest egg while the real benefit of the Life Insurance is to protect that . | I usually use the acronym DIMEE as a place to start . D = Debt or short term debt . This would be paying off credit cards , car loans , or any consumer debt . I = Income or Income Replacement . You should deceide how much for how long . A good place to start is 3 to 5 years of replacing an income . You might consider longer if cost is not much different . M = Mortgage = Paying off Mortgage . You should consider paying off the Mortgage if the income earner dies . E = Education = An estimation of your children 's tuition for a good state university if you die . You should consider 4 years of costs per child E = Expense for funeral/burial : You should cover the costs of burial or cremation , funeral services , and transportation of loved ones . These are a great place to start the discussion of what amount of Life Insurance that you need . |
Is Life Insurance A Good Investment? | For a single premium a life insurance company will give your beneficiary thousands of times as much money . That seems to me to be a good investment . The discussion of the value of insurance as an investment comes from the fact that cash value life insurance has deferred taxation . That feature can be beneficial but under few circumstances will the total investment in a whole life policy equal the face amount or death benefit . It is quite frequent that your beneficiary will receive much more than the sum of your deposits . | Funding a college education can be very expensive . Grandparents can help . The money that the grandparent saves should be in their name , not the students , unless you are using a Section 529 plan . The contributions that a grandparent makes to the childs education should be delayed until the final year of undergraduate education ; otherwise it is included in the Expected Family Contribution as determined from the FAFSA form . An annuity is a good way to accumulate these funds . One of the grandparents should be the annuitant . |
Is Life Insurance A Good Investment? | Excellent question . Life insurance can be a great investment if it is used properly . Insurance , unlike stocks , has a guaranteed value . There are even some that will increase with inflation or as the stock market increases . It is very important to consider your current situation and determine if life insurance is the best investment for you . A financial advisor can help you look at all of your options . | It depends on the need . Term insurance is ideal for short term protection -LRB- e.g. paying off a mortgage or providing income in the event of an early or unexpected death -RRB- . Permanent insurance is ideal for long-term safety net protection , estate planning , retirement planning . Many people buy both types of coverage - some permanent to protect against the future after other debts are paid off and some term to cover time-limited debts -LRB- such as a mortgage , car , etc. -RRB- . Term insurance provides more bang-for-your-buck up front , but it 's only for a short period . Permanent insurance allows you to pay the same premium for the rest of your life without having to worry about it going up in the future . A brief description of the two types of coverage are as follows : Term life insurance guarantees the premiums will remain fixed for a specific number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- . Once the initial period of premium guarantee expires , the program changes to either annual renewable term insurance with premiums increasing each year -LRB- based on age -RRB- or the premiums remain the same and the death benefit decreases each year -LRB- this structure can be seen on term insurance that is featured on a universal life chassis . There is no cash value build-up in term insurance . Permanent life insurance is designed to provide coverage for the rest of the insured 's life and build cash value . Under a guaranteed universal life -LRB- GUL -RRB- program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . Whole life features level premiums and death benefits and builds cash value at a faster rate -LRB- participating WL policies may pay dividends that can be used to increase the death benefit or decrease the premiums over time - non-participating WL policies do not feature this ability -RRB- - the trade off between this and guaranteed universal life is that to increase the cash value faster , the premiums will generally be substantially higher . For both GUL and WL , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , GUL policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . I highly recommend consulting with an independent insurance agent/broker to determine what policy benefit structure will best serve your needs , review quotes , and help you through the application and underwriting processes . You can send me a message by clicking on the `` contact me '' button if you would like assistance with your coverage . |
Is Life Insurance A Good Investment? | Video Transcript : Today 's question is , `` Is life insurance a good investment ? '' Well , that 's a very controversial question . Depending upon what form of cash value life insurance you use , you could be using a participating whole life , you could be looking at current , assumption , interest rate , universal life , index universal life or variable life . All of those four different platforms require you to do a financial profile to make sure you understand your investment risk and the time horizon , which are very important to use this . They have tax advantages , there 's no doubt about that , but you need to make sure that you 're suitable for these products . Is it a good investment ? If it 's configured right , it can be great . If it 's not done correctly by design , it 's not going to really be a good deal . So , if it 's done correct , it could be a great supplemental part of your retirement plan that can really help you in your golden years and during your retirement period . | It 's going to depend on what 's important to you . Price , customer service , claims handling , the coverages you are seeking , your individual broker or agent are all factors to consider when shopping for home owners insurance . Talk to a broker and he or she will be able to guide you to the best company for you . |
Is Life Insurance A Good Investment? | Is life insurance a good investment ? Well , it depends on if it fits your risk profile . I consider whole life insurance to be a part of my investment plan as whole life insurance offers a safe rate of return , ca n't go backwards in a down market and protects my family if I die before retirement . My whole life actually protects in retirement as when I die . That said , you will find whole life is absolutely the most boring financial product ever . Simply it does what it says it 's going to do , with no surprises along the way . Other investments shoot up , shoot down , stay flat and even fail . All which makes for great conversations over a beer . Life insurance ? Well , very few people brag about steady . | I ca n't imagine why you would want to just cancel your Whole Life insurance policy ! You know that you have the option of replacing your current policy with another policy and have all the value of the current policy transferred to the new policy ? However as you asked what happens when you cancel a whole life policy - what happens is you no longer have the insurance . If the policy has grown sufficient cash value to cover the surrender fees and have an excess , you should be able to receive the remaining cash value at the time of cancellation . You really should talk with a qualified Insurance Adviser and find out what your options are and then decide how to proceed . |
Is Life Insurance A Good Investment? | Good question and here 's the blanket answer : YES ! Life insurance is like buying future money at a big discount . However the type of life insurance and subsequent events play a big part in just how good the investment turns out . For example if you buy a Term policy and you do n't die before the term expires you 've only benefited the insurance company . Good investment for THEM . If you buy a Whole Life policy with a Mutual company that pays dividends then it is the safest , surest investment available to grow your wealth tax-free ! Every seminar I 've attended , the speakers have all said that their whole life policies have been their best investments because they have no downside risk and just continue to grow their cash value and without having to pay taxes on the gains . | Non-qualified annuities are designed to ultimately generate income . Different payout structures are available like ten or 20 years certain . But one of the most popular payout options is life only or lifetime income the annuitant cant outlive . There is special tax treatment for life only as it relates to basis , which is amortized to the annuitants life expectancy as a portion of the first payment -LRB- which includes gain -RRB- until exhausted . Single premium immediate annuities can annuitization in similar fashion . So annuities that generate lifetime income should be considered as foundational tactic to your overall income strategy in retirement . |
Is Life Insurance A Good Investment? | One reason that life insurance can be a good investment is because it is safe . Life insurance that has been tucked away can be a source of great comfort and surprise to survivors . Unlike other investments that have strict tax guidelines to follow , a forest of paperwork arriving in the mail , and the constant need of evaluation , most life insurance policies are pretty steady and low maintenance . And sometimes slow but sure is a good type of investment to have . | Depending on the specific terms and conditions of your policy , it might , but you need to talk this over with your Insurance Professional . Most policies settle losses on an `` Actual Cash Value '' or `` Depreciated Value '' basis meaning that settlement for a total loss would be based upon the book value of the car . Some companies offer optional new car replacement coverage which would then pay for a new car of similar make and model . Other policies , usually covering collector or classic cars will pay based upon an agreed value for the car , in many cases predetermined by an appraisal at the time of application . |
Is Life Insurance A Good Investment? | If a life insurance policy is designed for cash value accumulation , it can be a good savings or investment depending upon the crediting method of the policy : dividends with participating whole life , interest rates with current assumption universal life , indices with indexed universal life and separate sub accounts with variable universal life . The design of the policy must minimize the death benefit and comply with TAMRA to maintain the non modified endowment status of the contract . The accounts accumulated tax deferred and if the policy is kept in force for the life of the policy insured , withdrawals of basis and policy loans of gain can potential generate tax free income . | If your employer offers a company sponsored group benefit plan the odds are that you have short term disability coverage . But check with your human resources department to confirm . The majority of businesses do not offer individual disability insurance to the rank and file employees . Thats generally reserved as a recruiting and retaining key employees . |
What Life Insurance Is Best? | The short answer is : it depends on the need . Term insurance is ideal for short term protection -LRB- e.g. paying off a mortgage or providing income in the event of an early or unexpected death -RRB- . Permanent insurance is ideal for long-term safety net protection , estate planning , retirement planning . Many people buy both types of coverage - some permanent to protect against the future after other debts are paid off and some term to cover time-limited debts -LRB- such as a mortgage , car , etc. -RRB- . Term insurance provides more bang-for-your-buck up front , but it 's only for a short period . Permanent insurance allows you to pay the same premium for the rest of your life without having to worry about it going up in the future . A brief description of the two types of coverage are as follows : Term life insurance guarantees the premiums will remain fixed for a specific number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- . Once the initial period of premium guarantee expires , the program changes to either annual renewable term insurance with premiums increasing each year -LRB- based on age -RRB- or the premiums remain the same and the death benefit decreases each year -LRB- this structure can be seen on term insurance that is featured on a universal life chassis . There is no cash value build-up in term insurance . Permanent life insurance is designed to provide coverage for the rest of the insured 's life and build cash value . Under a guaranteed universal life -LRB- GUL -RRB- program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . Whole life features level premiums and death benefits and builds cash value at a faster rate -LRB- participating WL policies may pay dividends that can be used to increase the death benefit or decrease the premiums over time - non-participating WL policies do not feature this ability -RRB- - the trade off between this and guaranteed universal life is that to increase the cash value faster , the premiums will generally be substantially higher . For both GUL and WL , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , GUL policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . I highly recommend consulting with an independent insurance agent/broker to determine what policy benefit structure will best serve your needs , review quotes , and help you through the application and underwriting processes . Please feel free to contact me for help and if you have any other questions . Thanks very much . | The power of attorney documentation will outline the financial authority or limitations the designated person assigned to act on behalf of the incapacitated can exercise . The life Insurance company will review the power of authority document for its language to verify whether or not the power of attorney gives the authority to make the change in policy ownership . |
What Life Insurance Is Best? | The short answer of the best life insurance for you is the one that covers everything your loved ones need in case of your sudden deathat the best price for your unique situation . I highly recommend using an experienced independent life insurance broker that can shop for the best products at the best price to meet your unique situation . | There are many factors and unanswered information that is needed . What type of sports car what year and your driving record and what state you are in . I can tell you that I have an insured that has his newerFerrari and is in his mid 40 's and is paying less then 200 a month full coverage of course but with 0 deductibles . But he also has and older Ferrari and it had full coverage and pays 200 a year for it with 0 deductible . So to be able to give you a more accurate answer you would need to provide more information |
What Life Insurance Is Best? | What life insurance is the best depends on what purpose you want the life insurance for . The best way to answer your questions is to give an overview of the different types and then you can decide which one is best for you . Term insurance is the easiest to understand . You pay a specified premium for coverage for a specified term . Typical terms are 10 , 20 or 30 years . At the end of the term the policy renews at a higher premium for a new term until the policy expires . This type of coverage is temporary because the policy will expire at a specified time for example age 85 . Term policies are usually convertible to permanent insurance before before age 65 for example . Term insurance is best to provide the most coverage for a given premium today . Whole life insurance is as the name suggest permanent insurance with coverage for the whole of your life , It pays when you die not if you die before the policy expires . Whole life has a level premium and with some policies the premium can be paid up early for example 20 years or age 65 . The by-product of the level premium is a build up of cash value . If the policy is participating the build of cash can be even greater . Level premium , build up of cash , increasing death benefit and hands off management make whole life a premium product . It is regarded by many as the best . Universal life is a permanent insurance policy that can be in force the whole of your life if it is managed properly . The good news is the premium is flexible and you have a choice how the cash reserve is invested , The bad news is that the premium is flexible and you have choice how the cash reserve is invested is flexible , Universal life can be the best if properly managed . An independent insurance broker , who represents several companies 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 . | You may not `` need '' life insurance , but you might want to buy it . I often recommend that a young single person purchase a quality permanent plan of insurance for final expenses and then purchase additional amounts of term life insurance as life events occur -LRB- marriage , children , mortgage , etc. -RRB- . In later life , the term ends asinsurance needs reduce , and the insured person then has very inexpensive life insurance for wrapping things up after a long and productive life . If it can be afforded , a goalfor paying off the premium on the permanent plan early can be made so that covering some or all of the final expenses will be with `` free '' life insurance . If the permanent plan is participating whole life -LRB- life insurance that pays a dividend -RRB- , later in life the dividend may be large enough to either greatly reduce or eliminate premium altogether with the possibility of having an increasing death benefit as surplus dividends purchase additional coverage going forward . The variable in this strategy is insurability . None of us knows if we will become uninsurable in the future due to accident or illness . Buying permanent insurance as young as possible and getting the lowest premium possible is an important factor in planning . The second best choice is a fully convertible term plan of insurance that allows the insured to convert or exchange all or part of the terms death benefit to a permanent plan of insurance with the same carrier . There is no need to medically qualify in exercising this contractual guarantee . -LRB- NOTE : Be careful to assure yourself that the conversion is contractually guaranteed for the full period that the policy is in force . Some carriers have weakened this feature with limitations and exceptions . -RRB- |
What Life Insurance Is Best? | What do you want it for and what to protect ? Is it for a temporary need , like until the mortgage is paid off , or the kids through school ? Or for your spouse at your death ? Term insurance can be bought for twenty or even thirty years , it is fairly low cost , but when its gone its gone . Permanent life will last to your death , and the premiums will not go up , it accumulates cash value , and can be borrowed against . If you stop paying for your term , it will be gone in 30 days , but with permanent , if you miss a payment , it can be paid from your accumulated value . Permanent can be either whole life or universal life . Universal can be tied to some stock index , and go up a bit more than whole , but may also drop to a certain point . How much risk do you want ? Your decision . Of course with indexed universal , there are some protections at the bottom end , which cost you some of the top end performance . Thank you . GARY LANE . | It is a vey good idea for a renter to purchase their own Renter 's Insurance policy in order to protect their belongings in the event of a loss . Your landlord will provide no coverage for you if for example someone breaks in and takes your hard earned items from your home or a fire destroys your apartment or the building . Only a Renters ' Insurance policy provides such protection . |
What Life Insurance Is Best? | That is an excellent question ! The short answer is the cheapest one that accomplishes the need for what you want it to do , in the time frame that you want it to do it . There are many different variables that would define `` best '' for you , and without knowing your need , health , and price range , giving you a specific company and policy would be impossible , or unfair , at best . Please contact me , and I 'll be happy to go through your specifics , and give you a more qualified answer . Thank you for asking ! | Yes . Under the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- individual and group major medical policies that are ObamaCare compliant can not have pre-existing condition exclusions , limitations on benefits , or waiting periods for the pre-existing condition to be covered . If someone is offering you a policy that does not comply with these requirements it may be a Short Term Medical policy or an indemnity/discount type plan . While these are legitimate insurance policies -LRB- as long as you are informed in advance of what they do and do not do -RRB- , as a rule they exclude pre-existing conditions and they do not meet the legal requirements under ObamaCare for avoiding the individual mandate tax penalty . |
How To Sell Life Insurance In A Bad Economy? | In a bad economy , it is very hard to save money . Expenses are high , interest rates are low , and investments are unstable . Life insurance has the ability to provide hundreds of thousands of dollars to survivors within years , months ... even days ... of someone taking out a policy and then suffering a tragic death . The cost is low and the policies are fully guaranteed . During a bad economy , life insurance makes more sense than ever . | People who should get Long Term Care Insurance are , mainly , those who have assets to protect . If there is a spouse at home who could live for many years , or if there is a desire to leave an inheritance , having Long Term Care insurance coverage could prevent the family from having to sell off assets to pay for extended care costs for the one needing it . |
How Does A Registered Retirement Savings Plan Work? | In Canada a Registered Retirement Savings Plan , RRSP is a tax sheltered savings plan that is not taxed while funds are inside the plan only when they are withdrawn . You are permitted to deduct your contributions to an RRSP up to a yearly limit -LRB- $ 24,270 in 2014 -RRB- . You can make contributions to your own plan , your spouse 's and that of your common law partner.Your individual contribution limit is included on your Notice of income Tax Assessment including an accumulated total of unused contributions that are carried forward . You are required to start taking an income from the plan not later than December 31 in the year in which you turn 71 . The income will be taxable . Different products or vehicles or accounts are eligible to be registered including mutual funds , segregated funds -LRB- Variable annuities -RRB- , stocks and GIC 's . This is a very basic summary . 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 . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . | Under the Affordable Care Act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of 2 ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . Its important to note that the penalty will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . To avoid the penalty , you need to have health insurance that qualifies as minimum essential coverage . Please feel free to contact me for help or if you have any other questions . Thanks very much . |
Will Auto Insurance Cover Unlicensed Driver? | The specific auto insurance policy will have to be examined to determine who is an insured , who is covered , and who is excluded from coverage . Some states have endorsements which exclude specific drivers or persons . As insurance is regulated heavily on a state to state basis , including your state in your question should assist those of us who answer to give you more specific information . This is too ` general ' of a question to provide a simple answer . | There are two answers because there are two major sections to the policy . You need to have the highest liability limit offered by the company . A lawsuit can bankrupt you ! The company will direct the amount of coverage that you need for a normal homeowners policy . Because they often guarantee replacement of the building they will require that you insure to value . There are calculators available to determine that amount . An agent can compute that for you . |
Is Gerber Life Insurance A Good Idea? | Gerber Life Insurance comes in the basic types of Term and Permanent , which are the types of life insurance that are offered by most life insurance companies . In that respect , getting Gerber Life Insurance , or any life insurance , is usually a good idea . To determine whether Gerber 's life insurance is best for you , compare prices and features with similar policies . If purchasing Whole Life , it is a good idea to talk to an agent so that you understand all the features and variables of each policy . | Life insurance pays a death benefit to the beneficiary no matter what the cause of death is - as long as the policy is beyond the contestability period . So yes life insurance will `` cover '' death from cancer . Many life insurance companies offer a critical illness rider that will pay out up to 90 % of the death benefit to the insured in the case of a critical or chronic illness where the insured is not expected to live beyond a year or two . In that case terminal cancer would be `` covered '' as well . |
When Can You Switch Medicare D Plans? | Medicare Part D Drug Plans can generally only be switched during open enrollment -LRB- Oct 7th - Dec 15th -RRB- . The new plan would become effective Jan 1st 2015 . However , there are SEP 's -LRB- Special Enrollment Periods -RRB- , in which you can make a switch outside of open enrollment . Here are some examples of SEP 's ... You move outside your current plan 's service area , you become eligible for medicaid or a low income subsidy , you have Medicare AND Medicaid -LRB- Medi-Medi -RRB- . | Yes you can obtain auto insurance with an out of state license . Ultimately you will have to change the license if you are going to reside in a different state then you are licensed in but this does not stop you from obtaining insurance . Call a local independent agent for assistance . |
When Can You Switch Medicare D Plans? | You can only change your Medicare Part D prescription drug plan during the annual enrollment period - October 15th to December 7th of each year . If/When you change your part D plan to another part D plan , the effective date becomes January 1 of the following year . To secure a new part D plan outside of the annual enrollment period , you will need a special enrollment period , have Medicare and Medicaid , or be eligible for medicaid and/or a low income subsidy . You can look on medicare.gov to see more information regarding changing part D coverage . | How much is health insurance through a job ? Well it depends on the employer , the cost could be zero for the employee and family up to 50 % for the employee and 100 % for their family . Usually group medical requires with the ACA a minimum of 50 % employer contribution for employee coverage . When comparing costs between employer provided health insurance and individual , remember to adjust for the pre tax reduction that may exist for your portion of premium that you pay compared to what it costs to buy elsewhere . |
When Can I Change My Medicare Plan? | If you have a Medicare Supplement Plan you can change plans any time it benefits you . You do not need to wait for a certain time of the year . Most people will keep their Medicare Supplement Plan 2-5 years . However , over time all insurance companies will increase premiums at different times so it is important to have a working relationship with a independent agent that can review your plan . If you have a Medicare Advantage Plan than you can only change once a year which is generally October 15th - December 6th . There is a dis-enrollment period where you can go back to Medicare and look into getting a Medicare Supplement . That period runs from January 1st until February 14th . You can compare Medicare Supplement Plans instantly on our website at SummitMedigap.com or give us a call at 1-888-407-8664 . | Life insurance is generally used to fill a specific need in case of death of the insured . Just a few reasons may be to replace income lost , to provide for dependents college education , to ensure a home mortgage will be paid , to provide a business partner capital to continue the venture , or to pay for funeral expenses . I suspect Mr. Buffett has enough money in the bank to satisfy these needs when he passes on . He may not have a need for life insurance . |
Is Axa Home Insurance Any Good? | Personally , I have been a broker for more than 32 years and I am not familiar with AXA homeowner 's insurance . A broker that handles AXA products will be able to quickly explain their products and how competitive the home insurance policy is . It may not be available in all areas . Good luck . | Just like all kinds of life insurance the price you pay for whole life will depend on your age , gender , health history , etc. but in addition your selection of whole life policy needs to be based on your purpose for it . Do you want it for maximum cash build up ? For dividends ? For death benefit only ? Your agent will show you many options even within the same company . |
Is Car Insurance Credit Checked? | When you are applying for auto insurance coverage most if not all insurance carriers will do what is called a soft pull of an insured 's credit score . This soft pull normally will not adversely affect a persons credit rating . Credit score is only one part of the many factors that are taken into consideration when your rate is calculated . | Personally I believe that the best way to find the right car insurance for you is to talk to your Insurance Professional . It is pretty easy these days to go on line and create a quote using the web tools that most companies offer now . Keep in mind that these tools usually are built to make certain assumptions and may offer more limited variables than might be available to you . Having a conversation with a trained professional is the best way to identify your needs and to avoid gaps that could be dangerous to you and your family if you ever needed to file a claim . It is also the best way to learn about and take advantage of discount offers that can save you quite a bit of money . Finaly , having a trusted advisor who is working for you and your family can really add value to your premium dollar should you ever have to use the coverage that the contract provides . |
Is Car Insurance Credit Checked? | In addition to a credit check , insurance companies will also receive a report from a company that keeps track of insurance claims from almost all companies . If you have filed a claim or received a moving violation , the information will be reported to this agency . This is done to help insurance companies accurately assess each individual . If you are turned down for insurance based on information provided by the agency , you have the right to the a report , just as if you are turned down for credit . | You can easily compare term life insurance quotes by going to a website that shows you quotes from multiple companies . If you pick a website with `` instant '' quotes , the quotes will come up comparing quotes from different companies , and you can then change variables to compare quotes on different policies within that company . Once you see a policy you are interested in , be sure to talk to someone at that agency , or communicate by email , so that you can be sure you qualify for that particular rate . No quote engine can cover every question , and you may find that there is an even lower price out there for you , or a policy that works better for your needs . But comparing quotes online is a good place to start . |
How Much Life Insurance Do I Need If I'm Single? | The amount of life insurance any person needs depends on your obligations and on your desires . You would want to have at least $ 25,000 for your burial or cremation and service , paying off bills , and payment for someone to handle your estate . If you have a mortgage and would like to give your home to a friend , relative or charity , you could purchase life insurance to pay off your mortgage . You could buy life insurance to leave any amount of money to a charity . A good place to start is using a life insurance calculator such as you find on lifehappens.org . The calculators can jog your memory as to what needs to be covered and help you determine how much coverage to purchase . | Deferred annuities are annuities that do not provide immediate income . One places money into these annuities by paying a premium and the that premium becomes cash surrender value in the annuity . The cash value then accumulates at an interest rate specified within the contract . The contract owner will have the option to turn the cash into a guaranteed income stream at a later date , or surrender the annuity for it 's accumulated cash value . |
How Much Life Insurance Do I Need If I'm Single? | You may not need any life insurance . Life insurance really depends on who would be responsible for your debts , if anyone ? Does anyone depend on your income except you ? Would any one bear the burden of paying for your final expenses if you died or is there enough money in your estate to cover those costs ? | Genworth life insurance is simply life insurance sold by Genworth Financial Inc. . Genworth carries a number of life insurance products -LRB- including Term Life , Universal Life and Indexed Universal Life -RRB- and other products -LRB- including Long Term Care Insurance , Annuities and Mortgage Insurance -RRB- . To obtain a Genworth Life Insurance quote visit one of the free quote engines on the internet . |
Do You Need Car Insurance To Drive With A Permit In Pennsylvania? | No , you do not need to have your own insurance on the car you are driving . However , you DO need to be at least listed as a driver . Just like it 's illegal to drive without a license or permit - it is also illegal to drive a vehicle without insurance ! If you own your vehicle I can provide some free quotes at : www.PaInsuranceMadeEasy.com | Given the statistics it is not a bad idea . Even if you have health insurance , the out of pocket costs of uncovered items , loss of income , cost of care and other expenses can be devastating . A cancer policy will help cover those costs . I used to work with an individual who had cancer . She forced herself to come to work every day even though she was extremely ill from the chemo and radiation . She did n't have a choice , she needed the money to pay for her treatment and living expenses , even though she had insurance . I highly recommend it . |
Is Gerber Life Insurance Worth It? | We carry Gerber , and find that it is very competitive for children and for older adults who are unable to qualify for other policies . Their guaranteed issue life insurance is especially reasonable for that type of coverage if you choose to pay it monthly by automatic withdrawal from your checking account . As with other guaranteed issue policies , there is a graded period where the policy only pays for accidental death , then after two years it will pay the full death benefit for death by any reason . If death occurs in the first two years , it pays back all premiums plus 10 % , which is a better sure return than you can get anywhere else . Where the guaranteed issue Gerber policy might not be worth it is if the insured person lives so long that the policy pays less than the premiums paid in . However , this type of policy is usually purchased by those for whom life expectancy may be shortened due to illness or weight . In my opinion , the risk of not having any coverage would be worse than the choice to purchase a Gerber policy and not need it until many years later . | The idea is that you are borrowing some of the cash value of a life insurance policy you own . If the cash value is large enough and the policy can be sustained after taking the planned policy loan , it may be a better alternative to taking conventional loans from a bank . Businesses and political campaigns have been launched with policy loans ! Today it is common to plan to use income tax-free policy loans in retirement to supplement one 's taxable retirement income from other sources . Some policies are better than others - check the cost of taking a policy loan . For example , some policies might charge you 5 % in loan interest but only credit the loaned portion of policy cash value with 3 % . The rate of loan interest may vary over time as well . Thus , the net cost of borrowing may be a few percentage points . Over time , this might add sufficient drag to your policy to make it difficult to sustain . You can pay loan interest as you go but most people choose to add the interest to the policy loan . You can repay the loan or have the loan deducted from the death benefit when you die . As long as the policy does not lapse , the policy loans are income tax free . If the policy lapses , the borrowed amounts taken in the past to the extent of gain in the contract will be subject to income tax in the year of lapse . Your life insurance professional can help you manage your policy to take advantage of the valuable policy feature without unintended consequences . |
Is Gerber Life Insurance Worth It? | Gerber Life Insurance Company is a competitive company when it comes to insuring children . And in fact , for older adults who have medical issues preventing them from getting Life Insurance elsewhere , Gerber is one of the options to consider . Gerber has been around for a long time providing insurance for children . Gerber is one of the many companies we represent as well . Hope this answers your question . | In Northern California AAA offers road side assistance , travel services and discounts . Their offices routinely house insurance agents who offer home and auto insurance from affiliated insurance companies . Marketing is directed at club members when they come into the office or respond to advertisements sent with billing notices and other forms of communication . Pricing can vary as the affiliated companies must comply with state laws which in general restrict premiums and require that the company maintain adequate reserves -LRB- cash on hand -RRB- to satisfy the promises made by the companies . |
When Should I Plan For Retirement? | That is a great question ! The best answer is right away ! The sooner the better , honestly . Current wisdom says to live at your current lifestyle in retirement , you will need to save between 8-10x your current salary . If you 'd like to live better than you are now , you will need to save more . I can not stress enough how much better off you are if you start your retirement planning when you are young . If you need to start playing catch up , and would like some help , please drop me a line , I 'm happy to help , okay ? Thanks for asking ! | Renters insurance provides coverage for the insured and the insured 's immediate family that reside in the same premise . If you have other pesons living in the same residence they will have to purchase their own renters insurance policy to have proper coverage in the event of a covered event occuring . |
When Should I Plan For Retirement? | In a recent conversation a retiring person told me that they had made the maximum contribution to their retirement program and to those programs available under the IRS code . This person had lived a rather conservative lifestyle but is retiring a wealthy person . It is never too early , it is a matter of will but the rewards are amazing . | One unit of life insurance is $ 1,000 . The term if often used when adding a child rider to a life insurance policy . If you add a child rider of 10 units , at a cost of $ 8.00 per unit , you are adding a $ 10,000 child rider at a cost of $ 80 per year . |
When Should I Plan For Retirement? | You should plan for retirement as soon as possible . If you can start investing in your early 20s , even if it is just a few dollars per paycheck , you will have a big advantage over those persons that wait until their 40s before contemplating retirement . Be consistent , diversify and allow a full-time broker or financial planner -LRB- not part-time -RRB- help you . | To claim a death benefit requires the primary beneficiary to contact the life insurance company inwhich the policy was written . They will send out a short death claim form to be filled out along with a certified copy of the death certificate . Once this is received and there are no suspicious circumstances of death , the claim should be paid within a couple of weeks . |
Which Type Of Life Insurance Should I Buy? | With a few tactical answers to a data collector , recommendations can be made . First what is your planning goal ? Is it an indemnification , income and inheritance scenario ? How long do you need to cover your financial scenario ? What is your medical condition , including smoking status ? Term life insurance provides temporary coverage for a temporary financial liability to indemnify your beneficiaries from economic loss at your demise . If that financial liability is ongoing beyond 30 years , youll need a permanent life insurance policy like guaranteed universal life or whole life insurance . If your financial goal is income , you should review participating whole life or current assumption universal life . Current assumption universal life has three crediting methods : interest rate , domestic/foreign indices or equity/bond subaccount . If your financial goal is to make a difference in your children , grandchildren , favorite charity or pay estate taxes , then survivorship policies for married couples and single policies for singles using guaranteed universal life or whole life insurance . | Medigap and Medicare Part C are not the same . Medigap -LRB- Medicare Supplement insurance -RRB- policy is private health insurance established to supplement Original Medicare Part A and Part B . There are 10 standardized Medigap Plans with benefits designed to pay for Medicare approved charges not covered by Part A and Part B. Part C refers to a Medicare Advantage Plan . This type of Plan acts like an HMO or PPO . It combines your Medicare Part A and Part B , and usually Part D into one Plan -LRB- Part C -RRB- . |
Which Type Of Life Insurance Should I Buy? | What type of life insurance should you buy ? The type of policy that is the cheapest , and provides the best benefit for the longest period of time . That was easy . Well ... It really is n't that easy since term coverage may be best for certain individuals or families while a more permanent policy may be the best option for others . And sometimes , a blend of the two concepts makes the most sense . An experienced life insurance broker is a great resource for you . They will provide unbiased advice and explain your most affordable and cost-effective options . It 's also important to understand that your needs will change over time . So reviewing your financial portfolio is also very important , so that any current policies are not outdated . | Insurers typically use insurance scores not credit scores , but they are in-bedded with some of the same information . For most insurers this is one way of measuring your responsibility . Responsibility is a key ingredient in knowing if you understand what risks you are taking . Let me give you an example . Suppose you want to hand the keys of a new Ferrari over to a 16 year old . An insurer is going to look at that and say . . wait a minute , does that driver know how to drive such a powerful and expensive car . Will he or she give someone else the keys and let them drive . will he or she be using the car for delivery of Pizzas . All of those things might require a specific answer . Yet insurance scores give an insurer information on how you have acted in variety of situations and credit is part of that shorthand that conveys to an insurer that you are or are not a generally responsible person . The most accurate measure of how you will drive is how often you will drive . So be sure to add that element to your discussion with an agent . He or she may have polices from insurers who give discounts to those who use a vehicle say less than 4.000 mile s a year . Talk to your agent and give him or her enough information to be able to accurately present you and your exposures to many companies . |
Which Type Of Life Insurance Should I Buy? | The type of life insurance you purchase is based on a number of factors . Firstly you and your agent should discuss your financial and personal goals and what it will take to reach them . Then he/she should advise on how much coverage and what type of insurance would meet your needs . So to answer your question , I do n't know . It depends on what your goals are and how far you are away from them . | Life insurance is a mortality product for protecting financial liabilities for the surviving family members , business associates and charitable organizations that depend on your benevolent giving . The premium price tag depends on whether you purchase term or permanent life insurance . It also factors in you personal information like gender , age , smoking status , health history , and current medical condition . It also takes into consideration your behaviors like recreational activity , vocation hazards and motor vehicle violations . All these items weighed carefully in the determination of the premium price you 'll pay for life insurance . |
What Is Covered Under Medicare Part F? | Medicare supplement plan F covers Medicare approved Part A and Part B expenses . As you probably know , Medicare had deductibles and coinsurance . Medigap plan F is designed to pay your out of pocket expenses in full for claims approved under Medicare Part A and Part B. Plan F is the most oversold and most expensive of the Medigap plans . | You should buy a renters policy from an agent that you trust . Ask your colleagues and friends . They will surely recommend someone who can provide the level of service that you need . Once you have met with that person listen carefully to their recommendations . Dont underestimate the value of any of your possessions , or the amount of lawsuit that you could experience . Make sure all the information you give to the agent is accurate and is then transmitted to the company . Read your policy when it arrives to make sure it is exactly what you wanted . |
Is Life Insurance An Annuity? | No , life insurance is not an annuity , even though both life insurance and annuities are sold by life insurance companies . Life insurance is usually purchased to provide for others after the insured person dies . Annuities are usually secured to provide for income while the insured person is still alive . However , life insurance can also provide income while the insured person is alive , and annuities can be saved to provide for loved ones after the insured person 's death . Also , life insurance proceeds can be collected by the beneficiary in installments , as in an annuity . So there is some overlap , but they are not the same product . | Annuities cost what you have to contribute to them . If you want to purchase an immediate annuity , you put in a lump sum that then gets paid back to you in period payments . If you purchase a deferred annuity , you make payments that add up inside the contract until you decide to take them out in regular payments back to you . |
Is Life Insurance An Annuity? | The insurance companies that issue life policies often issue annuities as well . Actuaries use data to compute rates and benefits for the life policy . Then they use almost the same data to apply to the annuity . The products are actually opposites . A life insurance policy protects against premature death . An annuity protects against living to long and outliving your resources . The life insurance policy starts with a small premium and promises a very large death benefit . The immediate annuity starts with a large premium and promises a lifetime income . | It really depends on the type of life insurance policy you have . On term life policies they have a guaranteed level premium for a certain period . Most common are 10-20-30 years . The policy does not necessarily expire on the date but the premiums will increase about ten fold . On cash value plans such as whole life or universal life , they really do n't expire but rather endow . This means the cash value now exceeds the face amount . When purchasing these plans a good agent will set up the `` target '' premium to endow at your chosen age . Some companies will allow you to endow at age 150 . The short answer is you decide the `` expiration '' date . |
What Is Medicare Share Of Cost? | Medicaid share of cost is a special kind of Medicaid program used in only a few states . I am not aware of a Medicare share of cost . Medicaid share of cost is for those who have too much income or assets to qualify for Medicaid . They have a share of cost factor based on their income and medical bills . When your medical bills equals your share of cost during the month , Medicaid picks up the rest of your medical bills for the remainder of the month . | An automobile policy covers an automobile . The coverage applies in the US , and Canada . Coverage also applies in Mexico within fifty miles of the United States border . It does not cover a vehicle licensed or operating in any other country . The driver is not the consideration . The consideration is the automobile . If you want to drive in another country buy insurance in the other country for that period of time . |
What Is An Elimination Period For Disability Insurance? | The elimination period for Disability Insurance is the amount of time between the event of becoming disabled , and the time when the benefit starts being received . People choose elimination periods based on their budget -LRB- the longer the elimination period , the lower the policy premium -RRB- and on the funds they have saved up -LRB- if someone does not have over one month of income in savings , it would be wise to get a Disability Insurance policy with a one month or less elimination period -RRB- . | That is a great question ! There are just about as many places to buy an annuity as there are annuities . Almost every insurance company will have several options for you to choose from , and so will many financial institutions . You want to look at a company that is highly rated -LRB- A or better -RRB- by a company like Standard & Poors , or A.M.Best ; one that is well funded and stable financially , and one that is well respected , with few consumer complaints . A good advisor can steer you to a company that you can trust . I hope that helps , thanks for asking ! |
Does Nationwide Have Home Insurance? | Yes , Nationwide does offer Homeowners Insurance in addition to many other insurance solutions . I have represented Nationwide in CT since 1985 . Nationwide , like all other companies , file with the state Insurance Department in each state where they offer their products . You can check on line at Nationwide.com to find a licensed Insurance Professional near you . | A DUI will affect life insurance rates , or the ability to get some life insurance policies , for some time . The amount of time depends on the policy . Some No Exam policies will delay until two years after the DUI . Others will not count the DUI unless drug or alcohol treatment was needed . And others will not look at DUI 's at all . When applying for a medically underwritten policy , a DUI can keep a person from the best rates for as long as 10 years with some companies . But if it was an isolated incident and the applicant now drinks lightly or not at all , the impact is less than if substance abuse treatment was ordered and the applicant has gone back to drinking heavily . The life insurance company will also look at other traffic violations , if there a multiple offenses , and other factors . To find your best rate after a DUI , contact an agency that sells policies from many companies so they can sift through them for you and find you the one that will give you the best rates . |
Can Health Insurance Deny Pre-Existing Conditions? | At this time they can . With Health Care Reform that will no longer be true beginning in January 2014 . No one can be denied coverage or have their rates increase due to preexisting conditions . You may also qualify for tax subsidies to help you pay for your health insurance if you fall below 400 % of poverty level . Open enrollment begins in October . | I think you would probably find a number of carriers who offer something . For example most will allow you to suspend your liability insurance for the period of deployment assuming some one like a spouse is not going to continue to use the vehicle . So talk to your agent or current insurer and see what if anything they allow . |
Why Should You Start A Retirement Plan? | Establishing a retirement plan is actually paying yourself first . Making regular disciplined deposits is an excellent way to save for your golden years . Many Americans only have Social Security , but they may very well be inadequate to fund a comfortable retirement , so you need to add your own personal plan . | Only if you and your significant other are legally married . So , if it is a male/female relationship you are inquiring about then things are pretty straightforward from the marriage standpoint . If it is a same sex relationship you are inquiring about then things get more complicated . Same sex marriage is an issue that is still being addressed on a state by state basis . If your home state does not recognize same sex marriage and your employer is domiciled -LRB- incorporated in , established in -RRB- in such a state then you ca n't get married in that state anyways and an out-of-state marriage in a state that does recognize same sex marriage is not recognized in your home state . There is a tremendous amount of litigation going on in the Federal courts over this issue which makes it hard to be totally definitive when addressing this question . To make things even more interesting , you might work at a branch location of a company domiciled in a state that recognizes same sex marriage while your state of residence still does n't . And your employer 's policy may be to accept same sex spouses as dependents under their group health plan . This can result in the situation where one same sex couple -LRB- you still have to be married but I 've got some neighbors that went out of state to get married in a jurisdiction that does allow for same sex marriage even though our home state currently does not -RRB- may be able to take advantage of their employer 's health coverage while a similar same sex couple across the street who work for employers headquartered in states that do n't recognize same sex marriage ca n't cover their same sex spouse as a dependent . It is an interesting time to be in the employee benefits business . |
How Exactly Does Key Person Life Insurance Work? | Most businesses have key employees who are impact players in the company . The company depends on their performance and they 're vital to the future of the business . Placing key person life insurance on them can protect the business from the death of a key employee and provide cash to recruit and train a new employee . | All companies are different so it is best that you contact your Insurance Professional and ask about your specific policy . In my experience , I can say that my clients ' policies have not cost more simply BECAUSE they have a pool . I will say that having a pool does bring with it additional responsibilities as a property owner . In many areas , town or municipal ordanances specifically state the regulations that apply : fencing , securityset-back , etc. . From an insurance point of view , if you are not compliant with local ordanances , you may not be eligible for coverage under an insurance company 's underwriting standards . All that having been said , be compliant , and then be sure that you have the proper amount of liability coverage on your Homeowners ' policy . In addition , we always recommend excess protection by a Personal Umbrella Liability policy . These are fairly inexpensive and provide an extra measure of protection above and beyond your Homeowners ' policy . |
How Exactly Does Key Person Life Insurance Work? | Usually , the way Key Person Life Insurance works is that the employer or business takes out a life insurance policy on an important employee in the company , one that is vital to the success of the business and would need to be carefully replaced if he or she died . The employer or business pays the premium and and is the beneficiary . If death of the key employee occurs , the business has money to protect them from loss of production and solicit and train a new employee to replace the key person . | While you 're young and healthy ! It 'll be a lot cheaper than when you 're 60 and have had a heart attack , are diabetic , or have had some other condition that will cause your risk class to be less favorable , which equals higher premiums . The rates will be a lot higher on age alone too - buying $ 1,000,000 of life insurance at 35 and $ 1,000,000 of life insurance at 65 are going to produce very different premiums , regardless of health . Remember though , there has to be a purpose for the benefits and they have to be suitable to you as well . A carrier may not want to approve a policy for you if you 're getting it just cause . There 's many situations that will cause a need for life insurance benefits such as getting married , having a child , and estate planning purposes , just to name a few . |
How Is Health Insurance Calculated? | After January 1 , 2014 individual health and small group -LRB- 2 to 50 employees -RRB- healthinsurance is calculated on a community rated basis . Essentially a rate table is established for each insurance product with a corresponding rate amount for each year of age for a person enrolled . There is a rate for someone at age 25 , and slightly different rate for age 26 and so on for each year of age . For carriers applying the pure age rating approach it is a matter of telling an individual your rate at this age is `` X '' amount of dollars , for someone covering dependents it is a process of adding the rate for the subscriber , their spouse and/or dependent children -LRB- up to a maximum of 3 dependent children -RRB- for their various ages and that it the total rate for the individual plus dependents . Dependent children over age 21 are added to the cost as an adult . This is the individual insurance carriers and most small group carriers are now calculating their rates . As you might guess , for small businesses this can result in employees with the same level of enrollment coverage -LRB- e.g. - Employee Only -RRB- having different rates which is a headache from an accounting and employer contribution calculation perspective . Some small group carriers do the age calculation that I have described earlier , divide the total by the amount of enrollees in each coverage class -LRB- e.g. - Employee Only , Employee + Spouse , Family -RRB- and come up with a composite rate that yields a uniform rate for each level of enrollment . How the insurance carrier has filed their products with your state insurance commission will determine which style of rates you see from different insurance carriers . However , the underlying rate methodology is the same . | This is one of the most commonly asked questions about life insurance . While there is no specific answer , there are methods we can use to determine what 's right for you and your family . Most studies suggest many have no life insurance at all and of those who do , many are underinsured . We often meet with clients who have coverage of less than one times their current annual income . Insurance companies generally approve coverage amounts up to 25X income -LRB- under age 45 -RRB- . There are many calculators online which can help such as this one : WEBSITELINK But there is no substitute for an experienced life insurance professional who can help you plan to have the right amount based on need and budget and can adjust the plan over time to meet changing needs . |
How Can I Get Disability Insurance? | You can get Disability Insurance by corresponding with an agent that sells Disability Insurance -LRB- DI -RRB- . This is a product that has many features such as elimination -LRB- waiting -RRB- periods , exclusions , occupation clauses , benefit periods , cost of living riders , and minimum and maximum benefit guidelines . Only by contacting a reputable agent for your best solution and price can you come up with an affordable Disability Insurance policy that can be relied upon to provide the benefits you need , when you need them . | New York Life is America 's Oldest , Largest , and Highest Rated Life Insurance Company . More than 165 years in business , and a Mutual Company , so they work for their policy holders , not stock holders . They offer both Whole Life and Term Life Policies . |
Does Home Insurance Cover Appliances? | Home Insurance may cover appliances in home ; there are 2 types of appliances , those that are fitted and those that are free standing . Fitted appliances constitute part of the Dwelling Coverage on the home insurance policy , whereas , free standing appliances may be covered under the Personal Property Coverage on the home insurance policy . The perils covered under a home insurance policy must be reviewed regarding the damage to the appliances . For example , Fire , Smoke , Lightning & Water damage may be covered on the policy which would also carry forward to the appliances . Regarding free standing appliances , the policy must afford coverage for Personal Property . If this question was intended for the reason of upkeep and maintenance of appliances , home insurance policies are not intended to repair or replace appliances due to maintenance and/or breakdown . Home insurance is intended for sudden and accidental losses which could cause financial hardship to the homeowner . If you wish to cover your appliances , you may wish topurchase a Home Warranty Contract from a small handful of carriers who offer a maintenance contract ; in this case , you will pay an annual premium as well as a Service Charge for each call when a repair company is dispatched to take care of a covered maintenance situation . If your question was indeed regarding perils covered on a homeowners policy , you may wish to contact your local agent and review the coverage on your policy or WEBSITELINK and we 'll be happy to review your coverage for you at no charge . | Employers employing 50 or more full time equivalent employees -LRB- FTEs -RRB- must provide a qualified health plan for at least 95 % of those employees or a tax of $ 2000 per employee per year -LRB- after thirty employees -RRB- will be levied on that employer . The tax is not tax deductible . This is a complicated law and there are additional requirements to consider . |
Where Can I Compare Car Insurance Quotes? | There are plenty of places where you can compare auto insurance quotes . The most efficient way is to get quotes with independent agents . That way , you only have to enter your information once and get quotes from multiple companies . But be careful of websites that do n't list an agent 's name , address and phone number ! Those are sites that simply sell your info to multiple agents as leads -LRB- meaning your phone will blow up -RRB- . | Bank Annuities are simply Annuities offered through a Bank . Banks offer Annuities which are backed by Insurance Companies . So the first question you might ask is which Insurance Company is backing the Annuity ? Annuities offer Guaranteed Downside protection while giving you the opportunity for upside growth . Some annuities are `` Indexed '' meaning they credit growth based on performance of an index such as the S&P 500 . Other annuities offer a fixed growth similar to a CD offered at a Bank . All Annuities have a surrender period however some may have a provision to walk away getting your money back . Contact your Broker to get more details on what you are looking for . |
Can You Get Auto Insurance Without A Car? | You can . Check with your Insurance Professional and ask if a `` named non-owner '' auto policy is available . This type of policy provides liability coverage for you while you are operating a car that you do n't own . This type of coverage might be necessary if you are granted regular access to someone else 's car . | Yes , but most people and a lot of agents do n't realize home insurance does n't cover rentals . A homeowner 's policy is meant for the insured that actually lives in the home . All policies differ from company to company , but there is usually a 30 day period that the home is covered until it becomes a rental , vacant , etc and even though you may be paying premiums for a homeowner 's policy you wo n't be covered because it is no longer a main residence . At that point and hopefully you agent advised you of this , that you need to get a dwelling policy specifically for covering the building and not the contents which is often called a `` landlord '' policy . The morale of the story is to be sure what the policy states and if there is a vacant clause which there normally is . |
Can You Get Auto Insurance Without A Car? | Yes you can . It is a speciality type of coverage and a lot of standard companies do not want to bother with it , but your progressive , geico and other non standard or lloyds companies will . You will find it much easier to obtain this coverage through an independent insurance agency , particularly one that specializes in that type of market . | In some cases this may be possible . Whether or not this is possible is up to the policies of your carrier and your agent . If you are looking to add comprehensive or collision coverages with the new vehicle then the agent will more than likely want to verify the vehicle 's condition . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . |
How Can You Cash In A Life Insurance Policy? | To cash in a life insurance policy , you can call the life insurance company and request a form to terminate your policy . They will instruct you on your choices , but it is far better to talk to a trusted agent , first . Cashing in the policy may not be the best option and there are more avenues than you might realize , that could save you money yet still preserve at least some of the death benefit . | Universal life insurance is n't ` bad ' but it is sometimes not used properly . Unlike traditional whole life and simple term policies which have a set payment and benefit amount , universal life offers much more flexibility . With this flexibility comes responsibility . Certain policies and premiums are only guaranteed to a certain age and sometimes people will not make the full payments . This can lead to shortages and problems down the road . This is one of the many reasons you should be 100 % upfront with your agent about what your goals are . There are several situations where a universal policy is the BEST choice for a particular client , but there are many when it is not . `` My friend/coworker/brother just got a universal life policy and I want one , too '' . No . Let 's not start building the roof and add the walls later ... Let 's start from the beginning and figure out what you 're REALLY looking for this policy to do . After that , we can go from there . |
How Can You Cash In A Life Insurance Policy? | If you have cash value life insurance you may have surrender cash value . These policies have surrender charges in the early years of the policy . So do n't be surprised if the account value is different form the surrender value . And keep in mind that you 're terminating coverage and that you may also have an ordinary income tax event if there is gain in the contract . | The number one rule to keep in mind with naming a beneficiary is that there must be an insurable interest . In other words , the person , group or business would suffer a financial hardship at your death . Common beneficiaries include a spouse , children , life partner or ailing parent . In business , a beneficiary may be a company in a key man situation or a buy sell agreement in a partnership . You may also name a favorite charity or cause as a beneficiary under most circumstances.If an insurable interest is not named at point of application with most insurance carriers , they will decline to underwrite the application . |
How Much Is It To Get Health Insurance? | It varies from person to person . Your age , where you live , if you use tobacco products , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . All of the plans offer good coverage . A silver or gold plan are your middle of the road type of plans because they provide strong coverage at an affordable price . I always recommend consulting with an experienced health insurance broker before you apply for anything . We can help you determine the plan that 's going to be most suitable for your needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . | The state of Alabama does require proof of liability insurance to register a car . As of Jan 1 , 2013 Alabama can check your insurance against the Alabama Online Insurance Verification System -LRB- OVIS -RRB- to verify the insurance . You can find a list of the full requirements for registering a vehicle on the Alabama Department of Revenue website . |
How Much Is It To Get Health Insurance? | How much is it to buy health insurance ? Here 's a brief original answer : It may be free , if you qualify for a full federal Obamacare subsidy . Otherwise , the rate will depend on your age , where you live and the type of plan you select . Smoking status may also impact prices . Allowing an expert help you get the best coverage for the lowest rate is critical . LIVE answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated consumer websites that offer the lowest available rates . | If this question is referring to flood as in rising water then a homeowners policy will not cover flood damage . Only a flood policy will give you this coverage . If the so called flood was just a bursting pipe in the home then this type of loss would be covered by your homeowners policy . |
What Does Suze Orman Say About Annuities? | The answer to this depends very much on when you asked her the question ! When she was a producer in the financial services industry , Suze was a big proponent of variable annuities . Now that she is a talk show `` money guru '' , she thumbs her nose at them . The truth is , annuities are n't `` good '' or `` bad '' -LRB- just like any other financial product -RRB- . There are good ones and not-so-good ones , but the product itself is n't `` evil '' . The key is to make sure that they are being bought/sold for the right purpose . | Banner Life Insurance Company is a subsidiary of Legal & General Group Pic -LRB- L&G -RRB- . Banner offers life insurance in every state except New York , but in New York it is called William Penn. . As of today -LRB- 6-5-2015 -RRB- Banner Life Insurance Company is rated A + by AM Best and AA - by S&P . |
Who Buys Immediate Annuities? | In a very general sense , people who buy immediate annuities are often persons who want their money managed for them . They have a lump sum of money that they want to use as regular income . By putting it into an annuity , they receive their money back in regular installments , either for a period of years , or for a lifetime . At the same time , it is making interest for them . | The premium cost of life insurance depends on many factors including gender , age , insurability , amount , etc. . Term insurance can be a very affordable starting point . For example , a very healthy male age 40 needing term life insurance for 10 years could expect to pay as little as $ 1 per day for $ 500,000 coverage at preferred classification rates with many life insurers . Talk with a life insurance professional who can help you assess your needs and find a solution that can fit into your budget . |
Does Homeowners Insurance Cover Bicycle Theft? | It can , yes . Naturally talk to your Insurance Professional about the specific terms and conditions of your policy , but in most cases , you will find that there is coverage , subject to your policy deductible . In order to open a theft claim , in most cases , you will need to file a loss report with your local police and obtain a copy of that report for the claims professional . The claims person will also need to have a very good description of the bike , including color and serial number if you have it . Photos are a very good thing to have as well . | Your auto insurance goes up for several reasons . For example , if you add a new car to the policy , or add a teen-age driver , your premiums will increase . Also , if any driver covered on your policy has an at-fault accident , and damages are paid , there is a chance that your rate will increase . However , many policies will `` forgive '' the first at-fault accident , depending on how long you have been insured with that carrier . And of course , as the cost of repair to vehicles increases and we see increases in litigation costs , rates could go up . So ... what do you , the consumer do about this ? Utilize the phrase `` We Shop And You Save . '' That is ... let an experienced broker do all of the hard work for you so you can simply review the best offers . If you decide to apply for a lower rate , the broker and/or their website will be there to help you complete the simple process . |
Who Is The Leading Auto Insurance Company? | The leading auto insurance company will vary , depending on the state you reside . Typically , Progressive , USAA , Liberty Mutual , Farmers , State Farm , Allstate , Nationwide and Esurance are among the larger carriers . As an experienced car insurance broker -LRB- more than 30 years in the business -RRB- , our job -LRB- we wear many hats -RRB- is to find the most reputable companies for our customers , shop the most affordable rates , and explain specific options to consumers , so they can purchase their coverage at the lowest available rates . | Medicare Part B will cover orthotic shoes only if they are part of a medically approvedleg brace . Medicare will also cover soft insole inserts for some patients with diabetes , but not orthotics for those with diabetes . Purchasing orthotic shoes without a leg brace and purchasing orthotic shoe inserts are not covered by Medicare . |
How Much Does The Average Life Insurance Agent Make? | Interesting . The average life insurance agent makes $ 50,000 a year . Most planners or advisers , who sell life insurance make less . There are only a small segment of the field force that makes six figure income from life insurance sales and those who do are generally life insurance specialists or do split case work . . | You can cancel car insurance at any time . Do not do so until you have another policy in place . Many states require auto insurance with minimum liability requirements . Driving without insurance can cost you your privilege to drive . Many states are starting to spot check you by requiring you send proof of insurance for a specified date , so do not throw away your old proof of insurance right awa . |