Input: What Is Guardian Life Insurance Company?

Output: Guardian Life is one of the most highly ranked life insurance companies among its peers and offers its policy holders one of the strongest balance sheets of any financial institution . It was founded as a mutual company in 1860 by German immigrants and was named Germania Life Insurance Company .


Input: Can You Change Medigap Plans Anytime?

Output: Yes . Most people will keep a plan for several years , however , plans and rates change all the time . So , it 's a good idea to work with an independent agent every few years to review what you have and make sure it still meets your needs the best . People are always surprised how much we can save them for exactly the same plan .


Input: Can You Change Medigap Plans Anytime?

Output: Yes . You can apply for a new Medigap plan at any point during the year . People often change their Medigap plans for a number of reasons , the most common being : You want to reduce your expenses by securing a lower premium from a policy with the same benefits -LRB- purchasing a Plan F with company B and dropping the existing Plan F with company A -RRB- . - this is the most common reason why people change their Medigap plans . Medigap plans are standardized so the coverage under a plan F is the same regardless of the company it 's through . So often people want to look at lowering their premiums when their policy gets hit with a rate increase . You may not need/want all of the benefits you 're paying for or you need/want more benefits than you have under your existing plan . Please note , if you do not have a guaranteed-issue right to purchase a Medigap plan without any medical underwriting , you would have to answer the health questions on the application . Medigap plans are guaranteed renewable . So in the event you could not medically qualify for coverage under a new Medigap plan , you always have the option of keeping what you have . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Can You Take Money Out Of A Term Life Insurance Policy?

Output: Unfortunately , there is no money to take out of a term life insurance policy . Only cash value plans such as whole life or universal life have cash funds that accumulate over time and build an internal cash value . Term life insurance is straight death benefit and typically much more affordable than it 's cash value counterparts .


Input: Can You Take Money Out Of A Term Life Insurance Policy?

Output: That is a great question , and one that I get a lot ! The reason that term life insurance policies are as cheap as they are is because they have very few moving parts . They are very simple , and have very few perks . The cost of your policy is low , because all you pay is the cost of insurance , and some fees and profits for the insurer . There is a very likely chance that you will outlive the term , and they owe you nothing when that happens as when the term policy ends it 's as if it never existed . There is no cash value , so there is nothing that you can borrow from . These types of policies are very good for covering short term debt obligations , or supplementing your gift to your beneficiaries , but not so good at anything else . You would need to have a whole life policy to have borrowed from . I hope that helps , thanks for asking !


Input: Can You Take Money Out Of A Term Life Insurance Policy?

Output: No . Term life insurance is the equivalent of `` renting '' life insurance and , just like when renting a house , at the end of the contract term you have accrued no ownership interest or monetary value in a term life insurance policy . In order to build up cash value in a policy or to take out loans on a policy you will want to own a permanent life insurance policy of which there are two broad categories ; Whole and Universal life insurance policies . There are many variations on these themes but the ability to accumulate cash value is an essential feature of either policy family type .


Input: Does Renters Insurance Cover My Garage?

Output: Renters insurance covers your belongings whether they are in your garage or in your apartment or wherever they are as long as the loss is covered under the policy subject to your deductible . It has to be a covered peil such as fire , theft , vandalism , lightening , wind or other perils specified in your policy .


Input: Does Renters Insurance Cover My Garage?

Output: A renters policy does not cover structures . It is designed to cover personal property located inside a residence . To the extent that the garage is a part of the house , or is located on the property and contains your personal property , those personal property items should be covered . Please discuss this with your agent when the policy is being written .


Input: When Is Open Enrollment For Medigap?

Output: There is 7 months when your are guaranteed open enrollment for Medigap policies . It is the 3 months before you turn 65 , the 3 months after you turn 65 , and your month of your 65th birthday . After that time frame people must qualify by answering health questions on a Medicare supplement policy . The great thing about Medicare supplement policies is that you can enroll , apply , or switch policies at anytime of year .


Input: When Is Open Enrollment For Medigap?

Output: Open Enrollment under Federal law when you first enroll in Medicare Part B at age 65 or older , you have a guaranteed right to buy a Medicare Supplement policy for six months . Your acceptance is guaranteed and pre-existing health conditions are covered immediately . After your Open Enrollment period is over you can apply for a Medicare Supplement later at any time , but you may be charged a higher rate or be denied coverage if you have serious pre-existing health conditions . This may be your only chance to get a Medicare Supplement without having to go through medical underwriting .


Input: When Is Open Enrollment For Medigap?

Output: Unlike Medicare Advantage Plans , Open Enrollment for Medicare Supplements vary by State . Generally most States have a six month Open Enrollment Period after Turning 65 to enroll in a Medicare Supplement on a Guaranteed Issue basis . After your Open Enrollment Period you will be able to change your Medicare Supplement at any time subject to the companies underwriting requirements , meaning you must qualify health wise . Keep in mind you will also need to pick up a Prescription Drug Plan -LRB- Medicare Part D -RRB- . The Initial Election Period for Medicare Part D is three months before , the month of and three months after you turn 65 .


Input: What Is Servicemen Group Life Insurance?

Output: Servicemen Group Life Insurance -LRB- SGLI -RRB- is a group life insurance policy provided to uniformed service members by the VA. . It is a $ 400,000 life insurance policy that has a relatively low cost . Eligible persons are automatically given the entire $ 400,00 but have the option to reduce that amount or not take the policy at all , if desired .


Input: Why Is Life Insurance A Unilateral Contract?

Output: A unilateral contract is an agreement between two parties whereas the life insurance company holds out a policy with its contract provisions and an underwriting offer that they bind their company to via the premium payment by the policy owner . The life insurance company promises to pay death benefit proceeds to the policy beneficiaries .


Input: What Happens With Life Insurance After Death?

Output: As long as a Life Insurance policy is in force at the time of death the death benefit of the policy will be paid to the named Beneficiary . At that point the policy is fulfilled . Unless the policy happens to be a `` Survivor '' policy where the death benefit is paid only on the death of the `` last to die '' or second to die . The death benefit is then paid to the beneficiary on the death of the last to die and the contract is fulfilled .


Input: What Happens With Life Insurance After Death?

Output: Assuming the policy is in force at the time of the insureds death , the following is a quick outline of the items that are processed for the death claim . After the insured has died the beneficiaries generally file the certificate of death with the obituary of the insured . The verification process can take from 30-60 days to cut the death benefit proceeds check .


Input: What Happens With Life Insurance After Death?

Output: Life insurance must be cashed in after the insured person passes away . If a Term policy , it will pay the amount of the death benefit for which the policy was taken out . If a Whole Life or Universal Life policy , there may be some additional coverage due to the policy growing over time . You do have time , though ; even policies that are discovered years later can still have a claim made on them .


Input: Can A Car Insurance Sue You?

Output: There are circumstances under which an insurance company might sue . They might sue to recover damages that they paid to their policyholder when you were at fault . The might sue to recover money paid to you that was paid under false pretenses . They might sue you if you have attempted to defraud them by staging an accident , having multiple policies on the same car or other means .


Input: Where To Complain About Home Insurance?

Output: If you have an agent that you trust , start there . Insurance companies respond to complaints and you can usually reach the company by mail , email or in many cases , directly through the company website . The insurance commissioner in your state is also interested in your complaint . My recommendation is to approach the three levels that I mentioned one at a time , giving each sufficient time to respond . If you complain everywhere at once , it can cause a lot of confusion .


Input: Where To Complain About Home Insurance?

Output: Great question ! Are you unhappy with the policy , something the company did or did n't do , or the agent ? If it is the policy , you may be able to get the coverage or price adjusted . If it has to do with a claim , the company will have an appeal process that you can file . If it is the agent , please discuss it with either them , or their boss first , and see if you can resolve the issue . Most times , they will do whatever is necessary to resolve the problem.If the agent or the company were dishonest or misleading , your state will have a department of insurance where you can lodge your complaint . Thanks for asking !


Input: Who Should Buy Long Term Disability Insurance?

Output: Long term disability insurance -LRB- or what is commonly simply referred to as individual disability insurance , or just disability insurance -RRB- is a product that should be purchased by individuals who do not have assets saves to retire . In other words , if you do not have the ability to comfortably generate he income you currently earn with your assets , you should strongly consider buying disability insurance .


Input: Is Tubal Ligation Covered By Medicare?

Output: Tubal ligation is not covered by Medicare if the procedure is performed simply for sterilization , and the desire to have no more children . If the tubal ligation is done to cure another health condition , or to alleviate the symptoms of another general health condition , then it can be covered by Medicare Part A or B .


Input: About How Much Is Car Insurance For A 17 Year Old?

Output: It is virtually impossible to say based on the limited information provided here . Auto insurance rates are based on many factors . Some of those factors are : ages of the drivers to be covered , the vehicles owned by those drivers , the geographic location , the amount of coverage desired , and the type of coverage desired just to name a few . Contact a local agent to find out more about coverage availability and pricing in your area .


Input: How Much Is Cigna Health Insurance?

Output: Cigna health insurance plans are very popular in many areas of the US . They offer competitive individual , family and business coverage . Their cost depends on a variety of factors , such as the coverage , your age , your health , and where you live . An experienced broker can give you specific prices . You can also view rates online at reputable websites owned by brokers .


Input: How To Calculate Rebuilding Costs For Home Insurance?

Output: I generally agree with David 's answer . But I would add a few more items to consider . What your agent is developing in a Replacement Cost Calculator is only an estimate . The actual replacement of home depends on a number of factors that might change by the time loss occurs . For example we can identify that building one hose back in the instance of a total fire loss will likely cost more than the original building costs were when the builder may have building an entire subdivision . Yet losses to insured homes can be substantially more than expected if an entire city shares the same loss . That is what you get in some tornado or hurricane events.The fact that so many are affected increases do to shortage of materials and labor . So , here is what I recommend : Get as close to a number that you and your agent think represents the total replacement cost . Then buy an Extension of coverage . Many companies sell this at increments of 25 % ,50 % or even 100 % . What the extension does is move the limit to a higher level of protection at the time of loss if needed . An example would be to take the estimated replacement cost of 300,000 up to 375,000 in the event more coverage is need on the home at time a of loss and a 25 % extension has been purchased .


Input: How To Calculate Rebuilding Costs For Home Insurance?

Output: Getting the replacement cost right on a homeowners policy is one of the most important jobs for an agent . Get this wrong and you could eventually end up in court . This is also one of the most difficult things to explain to your client . They seem to have a hard time differentiating between market value and replacement cost . The industry has some tools that are pretty universal and standard for calculating replacement cost . Marshall Swift/Boeckh is the company that developed a program that most companies and agencies use . their RCT Express program allows you to input all the aspects of the home and calculates what it would cost to rebuild it . With this program , you can print out questionnaires that help you to gather the tight information to get an accurate replacement cost . Some of these criteria are : Square footage of the living area Configuration -LRB- 1 story , 2 story , bilevel , etc. -RRB- Foundation -LRB- basement , crawl space , slab -RRB- Type of heating and cooling Roof construction Wall construction ... and on and on . Way too many to list . To accurately estimate a replacement cost you need to get all these questions answered . It 's important to use a method like this that is recognized in the industry . You do n't want to find out after the claim that the home can not be rebuilt with the coverage on their policy Remember that whole `` you could end up in court '' thing ? Be smart , find a good agent that has experience in doing this . You may pay a little more as many agents will underestimate this to show a lower premium , but it 's worth it at claim time .


Input: How Long Will It Take To Get Car Insurance?

Output: If you have all of the information that is required by your local agent to get you a quote and you have the ability to pay the required downpayment you could have auto insurance coverage within minutes . When you go to see your local agent make certain that you have the vin numbers of the vehicle -LRB- s -RRB- that you are looking to cover and the driver 's license numbers of the person -LRB- s -RRB- to be covered .


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

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


Input: When Do You Get Homeowners Insurance?

Output: Most homeowners policies are initiated at the closing of escrow . A lender will require evidence of insurance in order to lend money as a mortgage on the home . If there isnt a mortgage a homeowners policy is normally started whenever a home is transferred to a new owner . The exposure of a home is great and few are willing to forgo insurance .


Input: How Much To Contribute To A Retirement Plan?

Output: The are several qualified defined contribution retirement plans available for to consider . Here are some plan contribution limits for 401 -LRB- k -RRB- , 403 -LRB- b -RRB- , most 457 plans and Thrift Savings Plan contributions are $ 17,500 for 2013 . The catch-up contribution limit for employees aged 50 is $ 5,500 . The limit on annual contributions for IRAs is $ 5,500 .


Input: Why Is Whole Life Insurance Bad?

Output: Whole Life Insurance is n't bad , but it may not be the most economical way to protect your beneficiaries . If the financial need is temporary then term life insurance with a conversation provision is the way to go . If the financial need is permanent , then guaranteed universal life is generally cheaper . However for tax advantaged income , participating whole life with a maximum term and paid up addition riders , could provide retirement income for a long haul conservative profile saver .


Input: Why Is Whole Life Insurance Bad?

Output: Whole Life Insurance is not bad . It depends on who you are talking to and why they are saying that . WHole life provides a service . It gives a client a steady , non chaning premium each month ; it can last till age 100 ; it builds cash flow . It is what is called permanent coverae . Unlike term insurance , it doesnt change as you get older . Whole life is also very useful in providing key man insurance -LRB- insurance a company buys on top performers -RRB- and for those who may want to pay on their policies for a few years and then end up with a paid up policy . There can be many benefits to owning a whole life policy . Sadly there have been those in the marketplace selling and pushing only term insurance . Statistically people do better saving money as they pay their premiums on their insurance instead of `` investing the difference '' The onlyway to see which policy works in your bet interest is to meet with an agent who is not trying to sell you insurance ; rather meet with an agent who is working to provide you with the best insurance option for your particular situation and life goals ; you will be very happy you did !


Input: Why Is Whole Life Insurance Bad?

Output: Whole Life Insurance is GOOD ! It 's not bad ! In fact it 's NEVER bad ! I like what Larry said above here ... `` Whole Life is bad because I want to sell you something else '' ... which in fact is an illegal practice called `` twisting '' . So if that 's the case and the reason you asked this question you should tell the person that told you whole life is bad that you 're thinking of reporting them to the Insurance Commissioner ! Even when people have money enough to provide their families with a comfortable lifestyle for generations they still buy whole life insurance . There are many reasons why , including the guaranteed , tax-free growth of wealth .


Input: Why Is Whole Life Insurance Bad?

Output: Why is whole life insurance bad ? Because I have something else to sell you or I have n't actually reviewed whole life because I am too lazy to learn about it as a product . Or my favorite , since the IRS created the MEC provision back in the 80 's which created a situation that if you put too much money into a policy , the tax advantages changed . Up until then , your local neighborhood stock broker would sell you life insurance as an investment as it 's qualities were very attractive to investors . Besides common sense tells me that insurance companies price their products based on the risk they bear providing insurance in every and I mean EVERY product they sell . Why would whole life be different ? Why would it be the `` only '' product witha higher price that is `` bad '' for the insured ?


Input: What Is Long Term Health Insurance?

Output: I am going to take a stab at this as I am not quite sure what the question is . Health Insurance is not necessarily long term unless you have it for a long time however you may switch between different plans . If you are asking what is Long-Term Care Insurance then I will also answer this : Long-Term Care provides a benefit when you have chronic illness needs . Pays for Nursing Home & Care programs , assisted living situations , in-home support and more .


Input: What Is Long Term Health Insurance?

Output: I am assuming you are referring to Long-Term Care -LRB- LTC -RRB- insurance . As the name suggests , the insurance is designed to provide benefits to an insured for their long-term medical or personal services -LRB- e.g. , bathing , dressing , eating -RRB- . The LTC insurance policy will reimburse the insured person a daily amount -LRB- up to a pre-determined maximum -RRB- for their LTC medical/personal needs for the duration of the LTC event up to a pre-determined maximum benefit period . Now , this is an insurance policy , meaning the policy is to be purchased long before the threat of a LTC event is imminent.The cost of the policy will depend on several factors . Those include the insured 's age and health status when the policy is purchased , the length of the desired waiting period between when a LTC event happens and the start of the policy benefit period , the desired maximum daily benefit amount , and the desired maximum benefit period .


Input: Does Renters Insurance Have A Deductible?

Output: Renters Insurance will have a deductible based upon what coverage and deductible options you choose and what the insurance carrier offers . You may have a deductible as small as $ 50 or as high as $ 1,000 or more . However , the deductible options available typically coincide with the coverage amount you are purchasing for your personal property/contents limit ; the higher the contents coverage limit requested the bigger the deductible you may be able to choose . Deductible increments may range from $ 50 , $ 250 , $ 500 , $ 1,000 or $ 2,500 .


Input: Can I Get Life Insurance If I Had A Heart Attack?

Output: Yes , most people who have had a heart attack and get life insurance . If you were under age 40 when you had your heart attack , you may need to settle for guaranteed issue or simplified issue life insurance . If your heart attack was at an older age , your heart function is still good , you have addressed any issues that led to the heart attack -LRB- CAD , diet , etc -RRB- , and several years have passed since having the heart attack , you should be able to get a medically underwritten policy . If you have just suffered your heart attack , your choices will be limited to graded policies for a few years . But you can get life insurance in most states .


Input: Can I Get Life Insurance If I Had A Heart Attack?

Output: Medical technology is GREAT . Most of us will survive these Critical Illnesses -LRB- CI -RRB- which used to kill us immediately or soon after . The problem is once you had a CI , your mortality is greatly reduced meaning you are not expected to live a `` standard '' life time . When it comes to life insurance , companies tend to frown upon issuing policies . I would recommend filling our a questionnaire which asks all the questions which underwritters want to know about the heart attack you had . Generally , companies like to wait up to five years after the incident to determine how you will qualify for the insurance and to give your best opportunity for a reasonable premium . Prior to five years , then you may have no choice but to look at a guaranteed or graded policy with limited death benefits .


Input: Can I Get Life Insurance If I Had A Heart Attack?

Output: This is a good question , as I am sure it is shared by many people with a cardiac history . Fortunately there is good news here : I have seen underwriters make amazing offers in cases like this . These include a gentleman who had a heart attack at age 38 ; a gentleman who was diagnosed with CAD at age 52 ; and even a young man who had a heart transplant as a teenager . You will need good follow-up test results , and good overall health . If not , then you may still qualify for coverage , but at a higher price .


Input: Can I Get Life Insurance If I Had A Heart Attack?

Output: Great question ! The answer is yes , you certainly can . The trick is finding the best company to write that policy for you . The companies will all have a `` look back '' period , and things that happen within that period , like a heart attack , can influence whether they will insure you , and at what cost . I 'd recommend that you find an independent agent who can look at several companies to find one that is the most favorable for you ! If you 'd like help , please contact me , I 'll make time to help you . thanks for asking !


Input: Can I Get Life Insurance If I Had A Heart Attack?

Output: There are two very important people in the life insurance business . The actuary uses a massive amount of data and develops projected life expectancies for standard risks . The underwriter evaluates specific risks to determine how close that person is to standard . All of us who are involved in selling life insurance have been surprised by who the underwriter will issue a standard policy , and disappointed when an apparently healthy applicant is offered a rated policy . These decisions are based on years of experience and mountains of statistics . Some companies specialize in risks that are not standard .


Input: How Does A Sep Retirement Plan Work?

Output: A simplified employee pension program is based on an IRA . However , since it is sponsored by the employer the limit for contributions is much higher -LRB- 25 % of compensation up to $ 52,000 . -RRB- Each participant has a separate account . There is a minimum contribution for each SEP participant of $ 550 . For additional information contact a life insurance agent that specializes in retirement programs .


Input: How Does A Sep Retirement Plan Work?

Output: SEP IRAs provide retirement benefits for the business owners and their employees . There costs are relatively low . The contributions are based of 25 % of your net income not to exceed the maximum limit of $ 51,000 . Theres no catch up provision for SEP IRA contributors over age 50 . SEP IRA are based on net income , so do the math first because you may discover that a 401k plan with catch up provisions may be a better deal for lower income filers .


Input: What's The Best Long Term Care Insurance?

Output: Long term care insurance is a relatively small market for insurance companies , so the selection is limited . Add to the mix that thousands of baby boomers are retiring every month , so the competition for product is significant . But bottom line and most of the time Genworth emerges as a leader in long term care .


Input: What Is An Irrevocable Life Insurance Trust?

Output: An Irrevocable Life Insurance Trust -LRB- ILIT -RRB- is created to own life insurance as an entity that will not be included in the estate of the grantor . The ILIT is created and applies for life insurance as the owner of the policy . The grantor gifts the premium into the trust with assigned beneficiaries who will be the recipients of the life insurance death benefit proceeds . Consult an attorney to see if an ILIT is suitable for your situation .


Input: What Is An Irrevocable Life Insurance Trust?

Output: Irrevocable Life Insurance Trusts are set up to own and be the beneficiary of life insurance policies for tax purposes . By removing ownership of the policy from the estate , it is possible to avoid paying estate taxes on life insurance proceeds .


Input: What Is The Largest Life Insurance Policy Ever?

Output: The largest life insurance policy for a person ever was a face amount of $ 201 million on an unnamed billionaire - completed in March 2014 . Because there are limits to what a single company will / can take on , the sum total was underwritten through 19 different policies - each carrier taking an amount under $ 20 million of coverage each .


Input: Is Aflac Cancer Insurance Worth It?

Output: It does not matter if it is AFLAC or any other company , in my opinion Cancer insurance is a good buy . Even if a person has health insurance , the cost of Cancer can devastate a persons financial well being . With deductibles , copay 's , travel , loss of income , and cost of alternative treatments , Cancer Insurance can make a difference between getting better care or going bankrupt .


Input: Who Can Sell Variable Annuities?

Output: Selling Variable Annuities requires at least a Series 6 License . These individuals are referred to as Registered Representatives . They have gone through several hours of classroom and online studying with an in-depth test . When you are working with a Registered Representative , you can ask him for his license number or you may , depending on your state , look him up through the Department of Insurance .


Input: Who Can Sell Variable Annuities?

Output: A variable annuity is an insurance and a security product , governed the department of insurance in each state and FINRA . To sell variable annuities , you must be series 6 and 63 licensed in the state your client lives in . some variable group annuities are not classified as a security in some states , only a life license is necessary .


Input: How To Change From Medicare Advantage To Original Medicare?

Output: You can change from Medicare Advantage to original Medicare at any time . There is no open or annual enrollment . The catch is qualifying for a Medicare supplement plan . In most states once you get past your initial enrollment period -LRB- after turning 65 and enrolling in Part A and Part B -RRB- you will need to provide evidence of insurability if you want a Medigap plan . It is n't that difficult if you are in reasonably good shape . I can qualify my prospects in about 3 minutes and let them know if they will pass underwriting or not .


Input: How To Get Life Insurance On Ex Husband?

Output: Depending on your divorce and how it has panned out . The ex spouse may see the need to have life insurance to provide protection when kids are involved . They may not , see a need at all and that would be where you petition the court and let the court decide the need for him .


Input: How To Get Life Insurance On Ex Husband?

Output: The only way to get life insurance on an ex-husband is to get your ex to agree to sign the life insurance application as the Insured . If he will not pay for it , you can pay for the policy as long as there is an insurable interest for you to have life insurance on him -LRB- e.g. you have minor children together -RRB- . Or you might try to get it as part of an alimony agreement .


Input: How To Get Life Insurance On Ex Husband?

Output: To obtain apolicyon an Ex Spouse you will have to establish a financial hardship would occur should the Ex suddenly become deceased . So if the Ex is still providing finances to you or children this would constitute a reason for the life insurance . The Ex may be willing or in some cases be ordered by the court as part of the divorce agreement .


Input: Can You Change Medigap Plans?

Output: You can apply for a new Medigap plan at any point during the year . People often change their Medigap plans for a number of reasons , the most common being : You want to reduce your expenses by securing a lower premium from a policy with the same benefits -LRB- purchasing a Plan F with company B and dropping the existing Plan F with company A -RRB- . - this is the most common reason why people change their Medigap plans . Medigap plans are standardized so the coverage under a plan F is the same regardless of the company it 's through . So often people want to look at lowering their premiums when their policy gets hit with a rate increase . You may not need/want all of the benefits you 're paying for or you need/want more benefits than you have under your existing plan . Please note , if you do not have a guaranteed-issue right to purchase a Medigap plan without any medical underwriting , you would have to answer the health questions on the application . Medigap plans are guaranteed renewable . So in the event you could not medically qualify for coverage under a new Medigap plan , you always have the option of keeping what you have . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much .


Input: Does Life Insurance Cover Heart Attack?

Output: Life insurance will pay the face amount in case of death due to heart attack . If the heart attack was a pre-existing condition at the time of application , the applicant will need to visit with a good impaired risk agent to find a policy for which he qualifies . If heart attack was severe or within a year , he may need to take a simplified issue policy with a limited face amount , but there is usually some type of life insurance that will cover heart attack .


Input: Does Life Insurance Cover Heart Attack?

Output: Typically traditional life insurance , be it term life insurance or permanent life insurance , the cause of death will not be excluded . If you have pre-existing heart issues , in most cases , you will be declined or rated up on your premiums to off set the risk . If you were rated for heart disease and the cause of death was heart related , the policy will pay . Life insurance companies do not pick and choose your cause of death to pay claims . There is however a two year contestability period to be sure nothing on the application was misrepresented or excluded . This also would exclude a suicide for the first two years the policy is in force . If the death occurs after the policy has been in force for two years , then all causes of death would be covered .


Input: Is Life Insurance Needed For A Mortgage?

Output: Life insurance is usually not required as a stipulation of getting a mortgage unless the down payment is very low . Then the borrower is required to buy a type of insurance called `` PMI '' , or Private Mortgage Insurance . This coverage would pay the lender what is owed to them in the case of the borrower 's death . However , many people do use regular life insurance to cover their mortgages . Term life insurance can be purchased in the same number of years as the mortgage ; is a reasonable cost for that what can be a large amount of coverage ; the benefit does not decrease as the mortgage goes down ; and it goes to the beneficiary of your choice . Especially with today 's low mortgage rates , it may not be in the best interest of the beneficiary to pay off the mortgage . Having a life insurance benefit to invest or pay other bills could allow the survivor to keep paying the mortgage and keep the home . Or they could pay it off and keep the remainder of the life insurance proceeds .


Input: What Does Home Insurance Cover In A Fire?

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


Input: Does My Renters Insurance Cover My Cell Phone?

Output: A cell phone is covered as personal property under a renters policy . If your cell phone is damaged the company will pay the damages -LRB- based either on the age of the phone or the cost of a replacement phone -RRB- to you minus the policy deductible . Whether the company uses the current value of the phone or the replacement value is determined by the policy .


Input: Can You Get Car Insurance For Less Than A Year?

Output: Yes , auto insurance is typically sold in six month and one year terms . Some carriers will offer coverage terms in weeks or months . Typically the lesser the amount of time for your term of coverage the more costly your coverage will be . Contact a local agent to find out about the payment terms available with the carriers that they work with .


Input: Can You Get Car Insurance For Less Than A Year?

Output: Yes you can . In the old days you could actually get a 3 year policy . Companies prefer shorter contract periods so that can raise your rates quicker to improve their profitability and it gives them more opportunities to `` clean their book of business '' -LRB- either getting rid of you or getting rid of your insurance agency -RRB- . You can actually get monthly contract plans that expire in 30 days or you can get monthly payments on your six or 12 month contracts . However , if you cancel early then they have the right to keep 10 % of the unearned policy charges . Example , your 6 month policy cost $ 600 . You cancelled after two months so you would get $ 400 less $ 40 -LRB- 10 % -RRB- plus if you have paid a policy or agency set up fee all of that is gone . Check your state laws on what policy fees you can be charged and refunded


Input: How To Choose A Variable Annuity?

Output: While I appreciate your confidence , I suspect that you will be better served to meet with an agent or advisor who handles variable annuities . The performance of the variable annuity is going to be linked to your choices of underlying securities . The advisors help in identifying your comfort level , or risk tolerance is critical to having a good experience with a variable annuity .


Input: What Is The Best Health Insurance In Minnesota?

Output: Health insurers vary in terms of coverage and what risks they are interested in covering . For this reason it is difficult to declare one carrier best in any specific state . You 'd be best suited to seek out the advice of an agent licensed to do business in your state who can show you several health insurance products so you can compare and determine which product is best for you .


Input: Is Aricept Covered By Medicare?

Output: Aricept is often prescribed to treat symptoms of senile dementia or Alzheimers . When covered , the drug would be part of your Medicare Part D plan . There are generic equivalents , such as Donezepil which is $ 10 for a 30 day supple vs over $ 400 for Aricept . Some drug plans will not cover brand name drugs when a generic equivalent exists .


Input: How Accurate Are Car Insurance Quotes?

Output: The quoting system that we use is so accurate that most of our applications receive only scant scrutiny . In the process we check the vehicle identification number which describes precisely what vehicle is being insured . We check the loss history of the named drivers in the household and the motor vehicle records of each driver . Very little additional information is collected .


Input: How Accurate Are Car Insurance Quotes?

Output: That is a very good question . Different companies use rating tools and formulas so it honestly depends on the source . Whether you obtain your quote on line or from a licensed Insurance Professional it is important to be completely honest when answering the questions asked of you . Being completely up front minimizes the chance that there will be a change between the quote and your final premium . Taking the time to talk with an insurance professional during the quote process also gives you the chance to ask questions and make coverage adjustments that make sense to your needs . Evryone 's situation is different so look for custom coverage and service .


Input: Why Do Employers Offer Free Life Insurance?

Output: Employers often offer group life insurance at no cost to employees . Group coverage remains in effect as long as the employee continues working for the employer owning the master contract . Employers offer life insurance and other employee benefit programs as a retention tool . Recruiting , hiring , training and developing productive employees is very expensive . Employee turnover is very costly to employers , so any employee benefit that improves retention may lower overall costs .


Input: Why Do Employers Offer Free Life Insurance?

Output: Employers do this to help attract better employees . They also do it to hold on to those employees . This is because if someone leaves their employment , they generally will automatically lose all of their life insurance . Then the former employee has to start all over again , at an older age , and perhaps poorer health , looking for life insurance . You are far better off getting your own life insurance as early as you can , regardless of any employer plan . Consult with your agent . GARY LANE . garylane@cox.net . 714 422 9616 . Thank you .


Input: Why Do Employers Offer Free Life Insurance?

Output: It is offered as part of a benefit package designed to attract and retain good employees . Retention of good employees is critical to employers as employee turnover is very costly -LRB- costs associated with recruiting , hiring , training , developing productive employees -RRB- . This group life insurance remains in effect as long as the employee remains employed by the employer offering this coverage .


Input: How Do I Lower My Homeowners Insurance In Connecticut?

Output: There are several things to consider when looking for ways to lower your Home Insurance premiums . The first area I would call loss control . take a look at your home and property . Are there tree branches or shrubbery that should be trimmed to allow mor air flow around your home ? This cuts down on moisture build up that can cause damage . Are the steps and planking on your deck clean , secure and free from any damage ? Have you had your fireplace chimney cleaned regularly ? Things like these and more when managed , can reduce the chances of a claim which can increase your rates . The next area would be bundling . Many companies offer very nice discounts for those who insure their cars and have life insurance with the same company as your home . Next , talk to your insurance professional about increasing yuour deductible and while you are at it , what benefits you might earn from installing a monitored alarm system , putting on a new roof or upgrading your plumbing , electrical or HVAC sytems . There are discounts available , for sure .


Input: Can A Diabetic Get Long Term Care Insurance?

Output: I contacted a Long Term Care broker to get her opinion for this question . She said that while some Long Term Care products say they will cover persons with diabetes , in reality , it is difficult to meet their criteria . If there has been a history of excellent control and no side effects , it is possible .


Input: Can A Diabetic Get Long Term Care Insurance?

Output: While diabetes can be challenging , managed diabetes whether diet or insulin , is not an automatic decline . Height weight is major considerations as well as ancillary diseases that are companion complications . Blood sugar management is a must . A1C levels below 8 . Is it diabetes I or II ? Is it adult onset and if so when did it occur ?


Input: What Does Medigap Plan G Cover?

Output: Plan G is a standardized Medigap Plan . It will cover all your Medicare approved charges after you have satisfied the annual $ 147 Part B deductible . Medigap Plan G is gaining popularity as it closely resembles Medigap Plan F . The only difference being that with Plan G you pay the Part B deductible instead of the insurance company . After that , your Plan G acts just like Plan F -- covering insurance , co-pays , and deductibles . Generally , you will receive lower premiums with Plan G compared to Plan F for virtually the same benefits .


Input: Can An Equity Indexed Annuity Be Immediate?

Output: I believe that you can purchase a variable immediate annuity . The monthly benefit will not be guaranteed but will vary along with the performance of the underlying investment options . This would be ideal for an optimist who considers the stock market to be the way to the future .


Input: Does Term Life Insurance Have A Cash Value?

Output: Term does not have cash value . It is meant as temporary insurance , until someone can get whole life insurance , which does have a cash value it builds up daily . New York Life has several Term policies which can easily be converted to whole life without a medical exam . It is a financial tool . If you are very limited now in cash , New York Life reduced some of it 's Term policies by 30 % this month . Please call me and we can together discuss what makes the most sense for you personally .


Input: Does Term Life Insurance Have A Cash Value?

Output: Term insurance does not have a cash value . Term insurance is designed to protect you for a period of time such as 10 , 20 , or 30 years . During this period your entire premium is paying the cost of insurance . Whole life insurance has a cash value , and provides protection for your whole life . There are usually several options 20 pay -LRB- pay your premiums for 20 years -RRB- , paid up at 65 option , and traditional whole life . There are a lot of options when it comes to life insurance , and it is always a good idea to consult with your agent for the type that fits your need and your budget .


Input: Does Term Life Insurance Have A Cash Value?

Output: Term Life is a non-cash value life insurance plan that can be used very effectively for financial planning matching the policy to 10 year objectives , 20 year objectives , or 30 year objectives . When term life was first introduced it was justified by `` buy term and invest the difference '' . In other words save money by buying term and then select an aggressive growth mutual fund or if you prefer a savings account and when the term has expired for the purpose of the `` term life policy '' you do not want to have to buy term again because now you will be 10 , 20 , or 30 years older and since buying life insurance is a factor of what is the liklihood of your deatn I am sure you understand the older we get the higher the risk of our death


Input: Does Term Life Insurance Have A Cash Value?

Output: No , Term Life Insurance is designed to provide `` pure protection '' . It is a low cost answer to the need for life insurance without many of the additional benefits that Permanent Life Insurance plans can provide , One of those benefits that is provided in some form by Permanent nsurance is some form of `` cash value '' which term does not offer .


Input: Does Term Life Insurance Have A Cash Value?

Output: In the public understanding of the word `` Term '' there is much confusion . In the insurance world term defines the period of coverage with just enough premium to pay for the risk of death and handling costs . Since there is no extra premium beyond this minimal cost factor there is no cash value and at the end of the period the insurance expires the same as insurance on your car , home or liability . The misconception comes when persons get this `` term '' mixed up with paid up policies that are paid up at the end of a certain period . These paid up policies require much more premium and in a nation that has known a lot of inflation are usually not a good buy from a financial standpoint . One of the better types of Life Insurance in today 's market is the Universal Life which can be made into term , paid up insurance , retirement life and many other options . The Universal Life policy puts the policy owner in control but it also means that the policy owner must completely understand the provisions in the policy or it can actually work against the owner . It also means that the financial planner must stay in close contact with the policy owner through out their lifetime . This would be even more true when the financial planner uses term in a total financial program for individuals .


Input: Does Term Life Insurance Have A Cash Value?

Output: No . Term Insurance carries no cash value and does not accumulate cash value . This type of insurance is intended to offer pure coverage and tends to offer more coverage in terms of death benefit . The majority of the people who purchase this type of cover only want protection and not cash value . There are many other vehicles that can offer cash accumulation


Input: Does Term Life Insurance Have A Cash Value?

Output: No , Term Life Insurance does not have a cash value . It 's relatively inexpensive price is due to it 's being pure life insurance protection , without any of the premium going to the accumulation of cash value . Return of Premium -LRB- ROP -RRB- Term Life Insurance does pay back the premiums paid in , if the policy is retained to the end of the term , and if the insured person is still alive at that time .


Input: Where To Buy Annuities?

Output: You will want to buy an Annuity from someone who can and is willing to explain the differences between them . I have helped thousands of people over the last 30 yrs buy annuities so just pick up the phone and call me and I will help you out . InsurancePricedRight.com


Input: Where To Buy Annuities?

Output: Buy an annuity from someone you trust . The annuity is likely a part of an overall retirement plan . Those plans require regular reviews . If you dont know anyone you trust , ask your friends , colleagues and neighbors for a recommendation . They should be able to tell you who helps them with their retirement planning .


Input: Where To Buy Annuities?

Output: You can purchase an Annuity from a few different sources . However the best way is to use an independent insurance agent who specializes in annuities . An independent agent can shop the market and all the different companies/products to give you the best annuity for your situation . You can also get annuities from captive insurance agents who work only for one company . They are limited -LRB- or highly encouraged -RRB- to just sell annuities from that one company . And since annuity rates are constantly changing and no one company has the best rates for all types of products , some consumers see this as a disadvantage . Some banks provide annuities , however their selection is often limited . Financial Advisors sometimes sell annuities as well as some stock brokers ; however , they usual stick to mainly variable annuities that are directly invested in the stock market . You can find an independent annuity expert online via a web search for them in your area . Or at various websites such as WEBSITELINK


Input: Does Medicare Part D Pay For Shingles Vaccine?

Output: Yes , Medicare Part D does pay for shingles vaccine . The amount of copay / coinsurance you have to pay for the vaccine depends on your particular Part D Prescription Drug Plan . Medicare Part and and B do not pay for the vaccine to prevent shingles -LRB- herpes zoster or zoster -RRB- .


Input: Can I Get Sr22 Insurance Without Owning A Car?

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


Input: Can I Have Auto Insurance Without A License?

Output: There are several carriers that will insure you if you have no license If you are needing to get your license and to get that you need a what is called a SR22 which means you will maintain insurance . Then you can get an insurance policy at first with no license then once you get the SR22 you get your license and then change your insurance to having a license and the rates will lower . You need to explain to your agent that you are trying to get your license and that you ca n't get it with our insurance . the average cost for a SR22 is $ 25.00 ever 6 months plus the price of insurance . Each state is different but there are carriers that will insure you .


Input: Where Do You Get Disability Insurance?

Output: If disability benefits are not offered through your employer , contact a local independent agent experienced in disability insurance coverage . Like all insurance , you need to apply and qualify for coverage . A good agent can help you select the best company for your situation and the amount of coverage you need .


Input: When To Use Whole Life Insurance?

Output: Whole life insurance is an extremely flexible contract . You can utilize its features whenever you want . You dont need to explain your reasons to anyone . There is a provision to take a low-interest loan from the policy . The policy can be surrendered for several options such as a lesser amount of insurance but without any premiums in the future , or a term policy that will extend the face amount into the future for a number of years , again , without any additional premiums .


Input: What Vision Services Does Medicare Cover?

Output: Medicare covers testing for eye conditions if suspected -LRB- not as part of a routine exam -RRB- , treatment for eye conditions that are a result of illness or injury , intraocular lenses following cataract surgery , one pair of glasses after cataract surgery , glaucoma screening for those with risk factors , and eye prosthesis for absent or shrinking eye . For Medicare covered eye surgery stipulations , see WEBSITELINK . Medicare does not normally cover routine eye exams , testing or eyeglasses .


Input: What Does Car Insurance Pay For?

Output: This is really going to depend on the coverages that you have on your policy . Typically auto insurance policies provide liability coverage if you are involved in an accident that you are deemed responsible for and other accident coverages based on the policy coverages that you have selected with your carrier . Contact a local agent to meet with them and they can help describe the coverages that they have available and help understand how those coverages work .


Input: Does Auto Insurance Cover Any Vehicle I Drive?

Output: Typically , car insurance covers vehicles . Thus , when you give permission to someone to drive your car , they are covered under your policy . The damages they cause are paid by your insurer . If you drive another car and it is insured -LRB- in most states -RRB- , the owner 's insurance will pay for the damages you cause to the vehicle and otherdamagesas well .


Input: What Happens If I Cancel Whole Life Insurance?

Output: You most definitely can cancel your whole life insurance . Cancelling it would result in you longer having life insurance coverage under that policy , but will not affect coverage under any other separate policy . With whole life , you could have accumulated equity in your policy . With cancellation , you will receive the cash surrender value of that policy . Those funds would be taxable . You could instead have borrowed against the policy , kept the policy in force , with a death benefit -LRB- reduced by the amount of the loan -RRB- and kept the borrowed funds tax free , never having to pay them back if you did not want to . Should you later pay back the loan , the death benefit would return to where it had earlier been and no longer be reduced by the loan amount . Thank you . GARY LANE


Input: What Happens If I Cancel Whole Life Insurance?

Output: A life insurance policy has non-forfeiture provisions . They are included in your policy . Consult those provisions and determine the best way to stop paying premiums . Determine which alternative will best suit your requirements . Consult with your life agent and rely on his or her expert advice .


Input: What Happens If I Cancel Whole Life Insurance?

Output: You would n't have any coverage anymore . Before you cancel any life insurance policy , you should talk to your agent to make sure it 's the right move for you . One of the things that most people do n't think about is their insurability , especially when they have an existing plan . They may have preferred rates at the time they got it , but now have a medical history and may be looking at standard or substandard rates on a new plan if they decided to get coverage again later on . If you 're looking at securing new coverage / replacing the old policy , you should compare the two structures and make sure it 's the most favorable course of action for you . Third , if you 're cancelling it because of premium affordability , you may have an option to simply reduce the face amount or term period of the coverage to reduce the premiums . After all proper considerations are done and you still want to cancel the policy , you can do one of two things : 1 -RRB- simply stop paying the premiums and the policy will just lapse on its own 2 -RRB- call the carrier and tell them to terminate the coverage -LRB- if you have a permanent policy with cash value , you can request to receive the cash value proceeds -LRB- less any surrender charges or loan fees -RRB- , if applicable/available . Please note , depending on the status of the cash value , you may be subject to a tax on the gains under certain conditions . Please let me know if I can be of further assistance . Thanks very much .


Input: What Happens If I Cancel Whole Life Insurance?

Output: That 's a great question ! First thing is there is no coverage for you , should something unfortunate happen to you . That would be the worst thing . If you 've had the policy for a while , there may be some cash value that could be lost , or have tax consequences , depending upon how you cancelled the policy . If it is just a matter of price , ask to reduce the coverage to an amount that is more affordable , or ask to convert to paid up insurance , and keep some coverage at no cost . If you really need money , and there is a cash value in the policy , consider taking a loan out of it before surrendering -LRB- That 's the word you want to use with your agent when you call -RRB- the policy . I would be happy to help you , if you 'd like more help . feel free to contact me , okay ? Thanks for asking !


Input: What Happens If I Cancel Whole Life Insurance?

Output: What happens when you cancel whole life insurance ? In addition to loosing your coverage there may be tax consequences on the cash surrender value . Check before you do surrender to avoid any surprises . Before you cancel the policy you should explore other options with your agent . There could be other ways to accomplish your financial planning objective . Perhaps a policy loan , a policy change , or a reduction to name a few . 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 .


Input: What Is Loss Of Use On Renters Insurance?

Output: In reviewing a California policy , the term , loss of use doesnt appear in a tenants policy . Instead the comparable coverage is called , Additional living costs and loss of rent coverage . The coverage provides reimbursement for the additional cost of finding temporary lodging if your rented unit is not fit for use . There is a caveat about the period of time being reasonable .


Input: What Is Loss Of Use On Renters Insurance?

Output: Loss of Use coverage gives you protection in the event that your rented premises become unlivable from a covered incident . For instance if the apartment building catches fire and you 're no longer able to live in your apartment , loss of use coverage covers your additional expenses above your normal expenses when you have to temporarily relocate .


Input: What Does A Medigap Policy Cover?

Output: Medigap plans -LRB- commonly referred to as Medicare supplement plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay . Health insurance is constantly changing , which can make finding the right plan for you very strenuous . Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N -LRB- a high-deductible plan F is also available that features a $ 2,140 deductible in 2014 - the trade-off being a substantially reduced premium -RRB- . Each plan offers certain benefits some more comprehensive than others . Each plan must cover a core set of benefits -LRB- also known as the basic benefits -RRB- . The basic benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up . 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment There 's a total of 9 benefits that can be secured . The other 5 benefits available under a Medigap plan are : 1 -RRB- Skilled Nursing Facility Care coinsurance 2 -RRB- Medicare Part A deductible 3 -RRB- Medicare Part B deductible 4 -RRB- Medicare Part B excess charges 5 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Each plan features a different structure , Each plan covers a different combination of these 9 benefits -LRB- some of the plans feature coinsurance or copayments for certain benefits -RRB- . If cost is not a major factor for you , Plan F will be the recommended choice because it covers all 9 benefits at 100 % - it 's the most popular plan by far . If you 're looking to keep your costs down , but still have very comprehensive coverage , you may want to look at plans C , G , and N as well . Consult with an experienced broker to review the plans in detail to see which one will best serve your needs . We have an in-depth knowledge of Medigap plans , provide quotes from multiple carriers , and help you determine the one that 's going to be most suitable to your needs and budget . Please let me know if I can be of further assistance . Thanks very much .


Input: What Does A Medigap Policy Cover?

Output: Also known as ` Medicare Supplement ' insurance , this type of health policy helps to fill some or all of the financial `` gaps '' between what a person 's medicare insurance pays and what is left unpaid . For example , it can pay health care expenses incurred and unpaid by Medicare such as a deductible , co-payments & co-insurance . Medicare Supplement insurance does not cover dental , vision , long-term care and some other items . Check to see if you need a separate Medicare Prescription Drug Plan - Part D . You probably will . You need to be under Medicare parts A & B to qualify for a ` medi-gap ' policy . A lot of good carriers are able to sell this type of insurance in each State . Shop around .


Input: What Does A Medigap Policy Cover?

Output: Great question ! Medigap plans are designed to help people with the deductibles , co-pays , or coinsurance costs that Medicare does n't cover . There may also be some services provided that your Medicare policy does n't cover . You must have both A&B , and can not have a Medicare Advantage plan . These plans are sold by private insurers , and can vary in price and coverage , so find an agent who will help you find the plan that is best for you . Thank you for asking !


Input: What Does A Medigap Policy Cover?

Output: Your Medigap policy covers approved Medicare Part A and Part B expenses . Medicare supplement plans , also called Medigap , are designed to dovetail into your original Medicare coverage . Anything approved by Medicare is also approved by your Medigap plan . In other words , if Medicare approves a claim your Medigap carrier can not refuse to pay their contractual obligation .


Input: Will Health Insurance Pay For Old Bills?

Output: Will health insurance pay for old bills ? It 's going to depend on how old ? Normally a insurance company allows anywhere from 6-12 months for a bill to be submitted and they will pay . Beyond that , they are no longer obligated to make a payment . If your medical provider has a problem with outgoing billing that they ca n't bill within a reasonable amount of time after your visit , it may be time to switch providers .


Input: Can I Keep My Ex Wife On My Health Insurance?

Output: No , an ex-spouse is not longer viewed as a legal dependent once the divorce is finalized . If you are covered under a group health insurance plan to which Federal COBRA guidelines apply -LRB- 20 + employee companies -RRB- then an ex-spouse can exercise their right to continue the group 's coverage for up to 36-months . Of course , the ex-spouse of the employee on the group health planis the one responsible for making the monthly premium paymentto the employer or COBRA plan administrator so payroll deduction of premium for a COBRA continuee is not done -LRB- absent a court order to that effect I would presume -RRB- . Generally the ex-spouse losing access the their former spouse 's employment based plan has to get there own health insurance . Making provisions for this is often addressed in the terms of the divorce agreement , though not as often as I would expect . Under the Affordable Care Act , divorce is a change of life status event allowing a person to purchase individual health insurance outside of the normal open enrollment period . You have 60-days after the divorce is finalized in which to purchase new coverage either on the government marketplace or in the private marketplace .


Input: Who Are The Legal Parties To A Life Insurance Contract?

Output: The insurance company admitted in your state to do business there as a life insurer is a party to the contract and issues the contract . In addition , there is the policy owner who holds all policy ownership rights and accepts the contract . The contract is between these two parties . The life insured , who may also be the owner , is a participant who must consent to the policy . The beneficiary -LRB- or beneficiaries -RRB- is the party that receives the proceeds the death of the insured .


Input: I Was Denied Health Insurance Now What?

Output: If you were denied , health insurance the question we must ask is why were you denied coverage ? Depending on the reason and/or reasons why you were denied coverage , the next steps that you would take would be to look to obtain coverage through a different carrier or seek out a guaranteed issuance plan .


Input: I Was Denied Health Insurance Now What?

Output: If the provisions of ObamaCare goes into effect effective 01/01/2014 you can not be denied . Every individual should be able to get coverage and this is one of the provisions of ObamaCare that will certainly survive the meltdown that is sure to come . The insurance companies only cut their own throat when they fail to provide coverage to individuals at a price that reflects their health insurance situation . I think the insurance companies owes it to also consioder if the `` health issues '' are self inflicted or if they were genetic . The hard head that says `` I have a right to smoke '' should also have the right to pay for it .


Input: Does New York Life Insurance Drug Test?

Output: If you are buying a New York Life Insurance policy that requires an exam , it will drug test . If you are buying a New York Life Insurance policy that does not require an exam , there will be no drug test performed . However , the application may ask if you took illegal drugs , depending on which policy you are applying for .


Input: What Is The Exclusion Ratio Of Immediate Annuities?

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


Input: Is Pool Damage Covered By Homeowners Insurance?

Output: While it is difficult to imagine , the pool would be covered for damage caused by the perils named in the policy . The most common form of pool damage would be caused by earth movement which is not a covered peril . Although insurance policies attempt to define every event possible there are always freak events that could end up with the insurance coverage applying .


Input: Is Pool Damage Covered By Homeowners Insurance?

Output: The perils covered under a homeowners policy are stated in the policy . The most likely damage to a pool would be earth movement . Earth movement is excluded in most homeowners policies . It is conceivable that the pool could be damaged by a covered peril . Contact your agent if you have a specific question about pool coverage .


Input: How Good Is Globe Life Insurance?

Output: When you ask how good is X company I think that what you are really asking is if I have their policy and something happens will they pay ? Globe Life insurance is a good company that primarily markets through direct mail operation . They have great name recognition but there are other companies with equal credentials whose price point is lower . Before buying any coverage always check with an experienced broker that represents multiple carriers to way out all of your options


Input: How Good Is Globe Life Insurance?

Output: An insurance carrier is only as good as their rating . Globe Life in my opinion is a quality carrier for three reasons : 1 -RRB- over 50 years old 2 -RRB- A + credit rating 3 -RRB- Over $ 60 bil of life insurance in force The bottom-line is people buy it and have been buying it for a long time . They have to be doing something right to keep satisfied clients paying their premiums . For free real-time life insurance quotes through Globe and other carriers please visit : www.clminsure.com or call me directly at 561-320-2978


Input: What Does The Term Mean In Term Life Insurance?

Output: The term is the duration of time that the coverage lasts . If you have a 10 year term , that means that the coverage and premium are guaranteed for 10 years . Term insurance comes in 10 , 15 , 20 , 25 and 30 year terms . At the end of the term , you may be able to convert your policy to permanent insurance or continue the insurance , but at a much higher premium .


Input: What Does The Term Mean In Term Life Insurance?

Output: The term in term life insurance is the term or time period a life insurance policy is in force at a given price . Once the term is up the coverage will either expire or have a significant rate increase in order to keep the policy in force . Term is also known as temporary life insurance and is well known for it 's very affordable premiums .


Input: Does Homeowners Insurance Cover Roof Replacement?

Output: Damage to your roof is typically only covered if the damage is caused by a covered loss -LRB- typically fire , smoke , or very strong winds -RRB- and even then is subject to policy limits and possibly a deductible . Please read your policy completely to know what coverage is provided and what exclusions it may contain .


Input: Does Renters Insurance Cover Everyone?

Output: The simple answer is no . The policy will be written with a `` named insured '' . The named insured is the contract with the insurance company and will generally only cover that individual -LRB- and sometimes immediate family members -RRB- . I would check with your agent because every policy could differ-although i have not seen an insurance policy that could cover `` everyone '' . Hope this answer helps .


Input: Does Renters Insurance Cover Everyone?

Output: Each policy has a named insured . That is usually the person named on the lease . More than one person can be named on the policy as insureds . Additionally your relatives are covered ifthey are members of your household . Domestic employees and guests have limited coverage . Other people are covered for specific purposes such as your legal representative if you die .


Input: Can You Cancel Renters Insurance?

Output: Renters insurance similar to auto and homeowners insurance can be cancelled at any time you wish . Remember you will still be bound by any contracturial agreements that you may have in place with the landlord or property owner . Contact your local agent to find out the potential consequences of cancelling a policy that you currently have in effect .


Input: Who Is Liberty National Life Insurance?

Output: Liberty National Life Insurance Company offers life and supplemental health products to consumers . They have been in existence for more than 100 years and they specialize in providing face-to-face meetings between their sales force and consumers . They are not one of the largest insurers in the US and they rarely advertise .


Input: Who Offers Health Insurance To People With Cystic Fibrosis?

Output: After January 1 , 2014 under the requirements of the Affordable Care Act , every major medical insurance carrier will have cover a person with Cystic Fibrosis . Pre-existing conditions can no longer be excluded from coverage , be subject to a waiting period for being covered or be grounds for a person to be declined for coverage . As I always caution any person suffering from a chronic medical condition , just because you now can not be denied coverage does not mean that all insurance plans out there are equal . You should seek the guidance of an experienced health insurance broker who can help you determine which plans have the doctors , hospitals and/or treatment centers that best fit your needs . And crucially for a person with Cystic Fibrosis , determine what medications are covered in a insurance carriers prescription formulary , at what tier level they are covered under and whether you will be required to go through a step therapy process to get access to the medication you may already be using . It is not safe to assume that your existing treatment pattern will continue unchanged with a new insurance carrier , especially in some of the health plans offered through the government health insurance marketplaces . Doing your homework up front can possibly save you a lot of stress , aggravation and expense on the back end if you make a poor choice .


Input: Can You Borrow Against Your Retirement Plan In Pennsylvania?

Output: This is a pretty difficult question to answer in a forum like this . I highly recommend that you speak to a professionalone-on-one to completely evaluate your needs and to see if you can borrow - and if so , if it would be financially smart to borrow from a retirement fund . Feel free to contact me if you have no one else . To give you a little idea if you could however , here are some guidelines : Most retirement funds are NOT AVAILABLE to borrow from . If you have a Defined Benefit or a Cash Balance Benefit , you can not borrow from it . You can move your funds to a different account , with professional guidance to avoid penalties . But with these types of accounts , you usually can not touch until you retire . If you have a Profit Sharing account or a 401K - you MAY be able to borrow depending upon the rules of the company that it is through and/or the rules of the company you work for . Again , however , most will not allow you to borrow . If they do , typically you can only borrow 50 % of YOUR contributions -LRB- not what your company contributes -RRB- or $ 10k , whichever is less . Again , this is a very difficult and technical topic to get a solid answer here . Look me up if I can be of any further help .


Input: Does Auto Insurance Cover Uhaul Rental?

Output: If it is a type of Uhaul that you drive then no . But if it is a type of uhaul that you are pulling the liability portion would come from your auto policy but it would not repair the trailer . There are some carriers that will cover the driving type Uhaul under a personal policy depending on how big it is . Many cases they will not . But Uhaul usually has insurance that you can purchase from them which would better for you in the long run in the event of an accident . Talk to an agent who is in your area they should be able to help you with this matter or talk to the uhaul business as I am sure they would have some good recommendations .


Input: Does Auto Insurance Cover Uhaul Rental?

Output: In almost all cases your personal auto insurance will not cover you if you rent a U haul truck . The U Haul truck will fall out of the bounds of personal auto used for pleasure and also the weight category put the vehicle is the commercial range which is 10,000 lbs or higher . I highly recommend you discuss this with your current insurance company for clarity on your particular policy .


Input: Does Homeowners Insurance Cover Car In Garage?

Output: Homeowners Insurance does not cover your auto while in the garage . Homeowners insurance covers the home and not autos . Only your auto insurance policy can protect your auto while in the garage . If you have an auto you do not drive and just store in your garage I would recommend purchasing comprehensive coverage only on your auto .


Input: Does Homeowners Insurance Cover Car In Garage?

Output: Auto insurance covers your car . The homeowners policy does not cover your car . Comprehensive coverage is what you need to pay damages to a car involved in a fire . If you have an older car , you might continue to carry comprehensive for just such an occurrence .


Input: What Is Not Covered Under Term Life Insurance?

Output: The same things that are not covered under whole life are not covered under term life . Typically this means death by suicide within the first two years of coverage . Also material dishonesty in the application form discovered within the first two years of coverage . If you do hang gliding and did not disclose that , do not expect that to be covered during the first two years . However if you never did that and suddenly decide this is a good time to start , then , yes , that should be covered . Thank you . GARY LANE .


Input: What Is Not Covered Under Term Life Insurance?

Output: What is not covered under term life insurance ? Well , the same things that are covered under Universal Life and Whole life are covered by term . . It is just term is a single purpose policy . That is a term policy pays a death benefit , while both Universal and Whole life can have other purposes .


Input: Will My Health Insurance Cover Me Overseas?

Output: You have asked an excellent question . While you will need to check with your specific insurance carrier and the details of your specific policy , it is generally best to operate from the assumption that you health insurance does not cover you outside of the United States . This has been an unfortunate surprise for many people who have gone on a vacation overseas and then became ill or suffered an injury . There are separate insurance policies that an international traveler can purchase to protect them overseas in the event of illness or injury and to provide coverage for possible medical transport back to the United States . If you , a family member or friend are in need of such overseas coverage please feel free to contact me and I will be happy to assist you .


Input: How Much Do Annuities Earn?

Output: It depends on a lot of factors . If it a simple annuity then the guaranteed interest rate will be spelled out in the policy . An indexed annuity will depend on the stock index environment . If the market is up , you benefit from higher interest rates based on the formula in your policy .


Input: How Long Should I Keep Car Insurance Records?

Output: If you want to err on the side of caution keep your last seven years of insurance records at least . I would suggest scanning all of these documents into your computer as jpeg documents and then save them to cd or dvd storage so that you can keep a copy off site and they are easily opened on another computer .


Input: Can my mother get blood pressure monitor for free via Medicare? She has part B medicare and has pulmonaryfibrosis.

Output: Blood pressure monitors for home use are not generally covered by Medicare as it 's not a listed durable medical equipment item . A couple of exceptions are sometimes considered to for it to be covered , such as : 1 -RRB- If you 're receiving blood dialysis in your home and a blood pressure monitor is needed . 2 -RRB- An ambulatory blood pressure monitor that records blood pressure readings for a 24-hour cycle for persons with `` white coat hypertension '' If an exception is granted and the device is covered , Medicare Part B pays for the rental of the monitor if rented from a Medicare-certified supplier of medical equipment . Medicare Part B 's portion would be approximately 80 % of the expense - you would be responsible for the remaining 20 % . If you have a Medicare Supplement -LRB- Medigap -RRB- plan , then the plan would cover the other 20 % . If you would like to look into purchasing a Medicare Supplement plan or see if you can lower the rate of an existing one , please do n't hesitate to contact me for help with your coverage . I hope the information is helpful - thanks very much .


Input: How Much Will Car Insurance Increase After An Accident?

Output: How much a surcharge you will receive for an accident really depends on the insurance carrier and the laws of the particular state you live in . Here in California all at-fault accidents are surcharge-able . If bodily injury is involved then California good driver discount will be removed along with the surcharge that is added . You can go from 25 % -100 % increase depending on the situation .


Input: How Much Will Car Insurance Increase After An Accident?

Output: There is not a fixed amount for an increase after an accident . Insurance companies will review the type of accident , total amount paid , the length of time you 've been insured with the company and your prior record . Several insurance companies offer accident forgiveness , vanishing deductibles and safe driving rewards so check with your agent to see if any of these features apply to your policy .


Input: How Much Will Car Insurance Increase After An Accident?

Output: That really can vary depending on the insurance company as each have their own rates and standards filed with your state 's Insurance Department . Many companies , however , offer such benefits as accident forgiveness , either by paid endorsement or by the number of terms insured -LRB- loyalty benefits in other words -RRB- and if you have such a benefit , you will not see your rates increase because of the accident . Check with your Insurance Professional and ask about the terms and conditions of your policy to see how you may be affected .


Input: Does Home Insurance Cover Pets?

Output: If you have an Ho-3 policy without an exclusion for viscous animals and your animal -LRB- likely a dog -RRB- does not have a prior bite history the policy will likely respond should your pet bite someone and cause bodily injury . Some policies have specific exclusions for specific breeds . Make sure you read the endorsement carefully and check with your local independent insurance agent before filing a claim . I have not heard of insurance policy covering a `` pet '' for replacement ... meaning if your pet dies or gets injured they will not repair or replace the pet-like they would a couch or other personal property . Hope this answer helps .


Input: Does Home Insurance Cover Pets?

Output: It may . Many homeowners policies provide some limited coverage when it comes to pets and may be subject to the policy deductible . 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 .


Input: Can Renters Insurance Be Transferred?

Output: I would have to say no . A renters policy is typically written for an married couple or an individual . If you moved you would have to secure a new policy based on the information about the new residence . The same would hold true for the person moving into the premise that you are currently renting . When they move in , they will have to secure a new renters policy based on the property information and their personal information . Insurance is not one size fits all . It is tailored to the individual . Remember every policy is different please read your policy completely to know what coverage is offered and what exclusions there may be or contact your local agent to have them go over the policy with you .


Input: Why Buy Renters Insurance?

Output: To financial protect yourself and your family against the many mishaps that occur in life . Renters insurance provides liability coverage , personal property coverage , and loss of use coverage in the event of a covered loss just to name a few of the considerations . Contact a local agent to have them provide you with the coverages and exclusions offered within the renters policies that he/she has to offer .


Input: Does HPVAffect Health Insurance?

Output: Let 's start with the basics . HPV is a disease . There are some 40 different types of HPV that can affect the genital area . There about 6 million new cases each year . It is estimated some 74 % of the cases occur in the 15 years of age to 24 . HPV can cause significant consequences : cervical , vaginal , and vulvar cancersm in females . Other types can genital warts in both males and females . Yes , HPV is a serious matter and the person with the disease best get treatment ASAP


Input: How Much Life Insurance Do I Need With Kids?

Output: To figure out how much life insurance you need with kids , you can make a little worksheet . Put down how much your family spends on average each year , and subtract your spouse 's salary from that . The difference is what you need to cover . Multiple it by how many years until your children are adults . Throw in extra for college . That is how much life insurance you may want to purchase .


Input: How Much Life Insurance Do I Need With Kids?

Output: Life insurance on kids is a much debated issue . Typically life insurance is used to replace lost income or pay debts of the estate . Most children have neither . But a child that dies due to illness or injury will often have unpaid medical bills . There are also bills associated with the burial process . In addition to this need , insurance can provide a financial cushion for the family and allow them time to grieve with dignity rather than returning to work the next day .


Input: How Much Life Insurance Do I Need With Kids?

Output: At first I understood the question as Peggy did , then I saw Bob 's answer ... So I 'll address both concepts . Life insurance FOR children is a great idea and a great GIFT ! That is WHole Life - not Term . You can start a policy on a baby for $ 50,000 very inexpensively and by the time they are adult , the policy could well have doubled in face value and grown several thousands of dollars in cash value . That cash could be used for college , to buy a car , etc. . Then the policy could be turned over to the now adult child to continue as protection for their future family , etc. . The amount of Life insurance needed for yourself when you have children has many variables to consider when determining how much is enough . I always recommend to buy as much as you can afford . Again , Whole Life . There are tax advantages , cash value and other benefits that only come with Whole Life . If you also have a spouse in addition to the children you 'll want to consider how much it would take to replace your income . Is there a mortgage ? Do you want to pay for college for your kids ? These things and more should be considered when determining how much is needed . You 're best bet is to consult with an experienced Insurance Adviser to figure out what your needs are , and then to help you find the best company and policy to meet those needs .


Input: Who Offers The Best Annuities?

Output: Many reputable insurers offer top-rated annuity contracts . Allianz , New York Life and AVIVA are three of the leading writers of annuities . Both fixed and variable contracts are available and you should always work with an experienced full-time financial planner or broker . Do not take advice from someone that is unlicensed , part-time , a radio/TV media person or simply someone that you feel does not have the experience to explain your best options .


Input: How Do You Get Out Of Variable Life Insurance?

Output: You can either cash out the policy and stop paying the premium . Or you can 1035 exchange the policy for a better one that suits your needs . 1035 is a tax code that allows you to exchange one life insurance product for another without a tax penalty . Variable policies suck . Too many moving parts and hidden fees that are never explained by the agent selling the piece of crap .


Input: How Do You Get Out Of Variable Life Insurance?

Output: That is a great question . Those are really difficult policies , and as a rule , I do n't recommend them , so I can understand why you would want out of it . There can be a whole lot of fees and opportunities to lose money on these policies . Here 's what I 'd advise you to do . Get with your agent , -LRB- or a different one in the company , or another trusted adviser -RRB- and determine whether there is any salvageable cash value . If there is , find out if it is better for you to reallocate your funds into safer sub-accounts and run the policy dry , keeping coverage as long as possible ; to withdraw the cash and let the policy lapse ; or roll it into something safer in a 1035 move . If there 's no real cash value , then dropping it will be easier . Good luck , and thanks for asking !


Input: How Do You Get Out Of Variable Life Insurance?

Output: If you are determined to get out of your variable life insurance policy , you should first figure out if there is any cash value there for you . If there appears to be decent cash value in the policy , you can have an as-is illustration run to see how long the policy will last in its ' current configuration with no further premiums . You can get this illustration by calling the customer service phone number for your insurance company . You can use the cash value in a `` 1035 exchange '' for another policy . I 've often found that the cash value from an older policy can fund a new policy at the same or similar death benefit without any further premiums . It costs nothing to find out and you could maintain life insurance coverage without any further expense to you for the rest of your life . You can stop all premium payments and the policy will eventually lapse . The other option is to simply pull the cash value out and keep it . Consulting an independent life insurance agent who can assist in this process is probably a good idea .


Input: How Do You Get Out Of Variable Life Insurance?

Output: How do you get out of a variable life ? Well first you should be very certain it 's the best thing for you , not something you 're being told by someone who wants to sell you a different product . Variable life policies simply require more attention than other policies because of the investment aspect . You 're in the stock market with a variable life and you can manage it , if you pay attention . If you just want out of the plan , you simply cancel in writing to the insurance company . They will send you any values -LRB- minus surrender charges , if any -RRB- left in the policy . While not a big fan of variable life , a person should really see if some changes to the policy fix the problem first .


Input: Which Annuity Is Right For You?

Output: It depends upon your age , time to retirement , tolerance for risk and your ordinary income tax bracket . Some conservative savers life a locked interest rate of a fixed interest rate and like the fact that you pay taxes only when you use it , unlike CD interest that is taxed whether you use it or not . Some seniors like the guaranteed income they cant outlive with lifetime immediate annuities . Some midlife savers like indexed annuities while midlife investors like variable annuities . It depends on many factors to arrive at a right annuity purchase .


Input: What Is A High Deductible For Health Insurance?

Output: A tough question to answer because it is so subjective , what 's high to one person may quite acceptable to another . As 30 year insurance industry professional I would say that by the standards of 2014 , you are entering `` high deductible '' territory when your plan 's annual deductible exceeds $ 2000 for an individual . When many consumers hear the term high deductible it is often being used as another way of saying this is a health insurance plan designed to work with a Health Savings Account -LRB- HSA -RRB- . The model for this product being that the lower premiums for a high deductible health insurance plan with no copayment features will free up money to fund an HSA and hopefullyaccumulate a health care nest egg for a person 's retirement years . In 2014 the minimum deductible for an HSA based plan is $ 1250 and the maximum deductible is $ 6350 . With the advent of the Affordable Care Act 's -LRB- ObamaCare -RRB- health insurance marketplaces in 2014 the consumer is now presented with a whole new array of health insurance plan designs that will certainly meet anyone 's definition of a high deductible plan but that may not be designed to be compatible with an HSA . Extra care and caution needs to be exercised by the consumer in the new world of health insurance and I would recommend seeking out the services of an experienced health insurance brokers in your marketplace to help you find the plan best suited to your needs and budget .


Input: What Is A High Deductible For Health Insurance?

Output: As an experienced health insurance broker -LRB- 33 years of experience -RRB- , I 'll answer your question quickly and accurately . In 2015 , the maximum deductible is $ 6,450 , which is increasing from 2014 . Of course , there are lower deductibles available and various coinsurance options . An HDHP -LRB- High Deductible Health Plan -RRB- works with an HSA so that you can maximize tax deductions , lower premiums and take control of your healthcare . LIVE answer provided by : Ed Harris - Premier health insurance broker and owner of several national top-rated websites .


Input: What Is A High Deductible For Health Insurance?

Output: A health insurance deductible is the amount you must pay before your benefits `` kick in '' and begin paying -LRB- for most services - some benefits , such as preventive care , provide coverageimmediately -RRB- . The deductible amount varies by plan . For example , under the new Affordable CareAct , a catastrophic plan may feature a $ 6,350 deductible , a bronze plan may feature a $ 6,000 deductible , a silver plan may feature a $ 3,000 deductible , a gold plan may feature a $ 2,000 deductible , and a platinum plan may feature a $ 0 deductible . These figures are not the same for all plans on each metal level . It 's always helpful to consult with an experienced health insurance broker when you 're looking for coverage . Brokers have the knowledge and experience to help you determine which carriers ' plan will be most suitable for your needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Life Insurance Is Right For Me?

Output: That is a GREAT question ! The `` twin '' question to `` how much is right '' , is : `` Which KIND is right '' . There are more than 10 types of Life Insurance : at least 3 kinds of `` Term '' insurance , and at least 10 kinds of `` Permanent '' insurance . Which kind is right for you depends on your goals and needs . That would include your family situation , your financial situation , and what and who you want to benefit . Then when all that is determined the amount of benefit can be determined . A kind of `` rule of thumb '' - taken completely out of context with all the other variables is about 8 to 10 years worth of your annual income . But in reality each situation is unique to the individual client . That 's why personally I take an Education and Fact Finding approach to advising my clients on which kind and how much insurance to implement .


Input: How Much Life Insurance Is Right For Me?

Output: The amount of life insurance that is right for you will vary from person to person . I had a middle aged woman explain to me today that $ 25,000 was perfect for her , and based on her reasons , I agreed . The next woman her age might need $ 2,500,000 to replace her income and take care of obligations left behind . To determine the right amount for you , call or visit with an experienced life insurance agent . No one likes to do it , but talking to a wise agent can save you a lot of money and help you avoid the pitfalls that many people run into when buying life insurance .