Input: Can Morbidly Obese People Get Life Insurance?

Output: Yes , you can get life insurance if you 're overweight . The height/weight profile is one of the biggest factors in the underwriting process - it 's one of the first risk measurements used by insurance companies to determine what risk class the carrier will assign and what rates to charge . The acceptable height/weight range for each risk class can vary substantially from company to company . If you are considered overweight , life insurance companies will want to know the following information to make an accurate risk assessment : 1 -RRB- What is your current height/weight ? 2 -RRB- Have you gained or lost more than 20 pounds in the past year ? Is your weight stable ? 3 -RRB- Are you a smoker or use tobacco products ? 4 -RRB- Are you being treated for high blood pressure or cholesterol ? 5 -RRB- Have you had any abnormal lab results ? 6 -RRB- Any history of cancer or heart disease in the immediate family before age 60 ? 7 -RRB- Do you have any co-morbid conditions , such as diabetes , heart disease , sleep apnea , tobacco use , etc ? Obesity is a condition which can receive favorable underwriting a few companies may also be able to offer a standard rate even when a table rating would normally apply if you purchase permanent insurance instead of term insurance through a table reduction program . Table ratings require an extra premium compared to a standard rate . An example would be a Table D / Table 4 rate would be approximately two times the standard rate . If you are overweight , you should NOT apply with multiple companies at the same time . The more companies that give you a table rating or decline coverage on a formal application , the less likely you are to get a better offer ! You need the help of an independent life insurance agent that can shop your medical profile informally -LRB- no personal information is revealed to the insurance companies , just a general medical profile -RRB- . Feel free to send me a message using the `` contact me '' button if you have any other questions .


Input: Much Does Health Insurance Cost Per Month Florida?

Output: Health insurance rates in Florida have become very affordable for many residents . Thanks to the passage of the Affordable Care Act , prices in many areas -LRB- with the help of a subsidy -RRB- are much lower than in previous years . Your specific rate depends on your age , where you live and the type of coverage you want . As an experienced broker , part of our job is to find the most affordable plans that offer the best benefits for the price .


Input: Much Does Health Insurance Cost Per Month Florida?

Output: Shopping for health insurance rates in any state is pretty much the same . You can look for a health insurance agent in the yellow pages or look them up on the Internet . Your premiums are going to be based on your age , health history , smoking status , gender , other family members to be covered and also how much you will accept for deductibles and co-pays .


Input: Who Has The Best Medigap Coverage?

Output: Since all Medigap plans are standardized , the benefits are exactly the same with every insurance company . This means that Medigap Plan F with ABC insurance company is the exact same Medigap Plan F with XYZ insurance company . The only difference is price . Medicare does not regulate the price of Medigap Plans ... just the benefits . That 's why there is such a competitive market . Many Medicare Beneficiaries like the idea of purchasing Medigap through a well known insurance company , but that does n't mean you are going to get the best price . Medigap is not like health insurance for under age 65 where a Medical director approves or denies your bills . Medigap payments are made by the insurance carrier if it 's a Medicare approved item because they have to -- it 's the law . I suppose that was the long way of saying there is n't one insurance company that has the best Medigap coverage . They all offer the same standardized plans and pay the bills based upon CMS regulations .


Input: Can People With Ms Get Life Insurance?

Output: Most people with MS can get life insurance . If you have relapsing remitting multiple sclerosis that has not caused you to go on disability , there is a good chance of getting a medically underwritten policy for any amount you want and in any type of policy that you want . If you have progressive MS , you will probably need to get a simplified issue policy , but you can still get a policy . If you need assistance with ADL 's or are in a wheelchair , you can get Guaranteed Issue Life Insurance if you fit the age guidelines . Be sure to talk to an agent who understand MS Life Insurance so that you can save yourself frustration . It does not have to be an ordeal to get life insurance while having MS.


Input: Who Regulates Life Insurance In Nevada?

Output: The State of Nevada 's Department of Business and Industry regulates life insurance in Nevada through the Nevada Division of Insurance . The Nevada Division of Insurance regulates both life insurance insurance agents and life insurance companies that do business in their state . They are based in the state 's capitol , Carson City , NV .


Input: Who Regulates Life Insurance In Nevada?

Output: NAIC - National Association of Insurance Commissioners is an organization that provides regulatory support for all 50 states . Each state regulators monitor and regulate insurance activities in their home state . The Nevada Division of Insurance regulates life insurance in Nevada . These regulators help ensure insurance carriers are compliant , and offer consumer services for individuals .


Input: Who Regulates Life Insurance In Nevada?

Output: The Nevada department of insurance -LRB- also known as the Nevada Insurance Commissioner 's Office -RRB- regulates insurance in the state of Nevada . In every state the department of insurance or insurance commissioners office regulates insurance in that state .


Input: Who Is Likely To Have The Least Need For Life Insurance?

Output: Sometimes a person is so `` set '' financially that the NEED for life insurance is minimal . However , many wealthy people purchase life insurance because they WANT it . No one knows the future , and life insurance is a way of ensuring that families that are used to a certain standard of living , will not be destitute if the breadwinner passes away after a costly illness or disability . Life insurance is a tax friendly , personal , and comparatively hassle free way of passing an estate to heirs , paying estate taxes , or providing for final expense needs . Indexed Universal Life is a method of distributing wealth into tax free or tax deferred retirement income , while still providing a death benefit . So , while some people `` need '' life insurance less than others , statistics show that those persons actually buy it more often than others due to the other financial benefits of having life insurance .


Input: Who Is Likely To Have The Least Need For Life Insurance?

Output: The individual that has no children at home , no or minimal debt , mortgage paid or nearly paid , and money saved for retirement has little or no need for life insurance . Life insurance is needed to protect the income and assets as they are being accumulated in the early years .


Input: Does Car Insurance Go Up After A Claim?

Output: Claim activity can sometimes result in increased premiums . However , some companies offer accident and/or violation forgiveness benefits either as an inclusion for long term policy holders or as an optional endorsement for new policy holders . Since it is an endorsement , there will be a premium charge however the savings over having your policy surcharged 25 % or more for three years after an accident is pretty self evident .


Input: Does Car Insurance Go Up After A Claim?

Output: A claim can affect the renewal pricing of an auto policy . However , the claim does not always trigger a change in premium . The decision to increase the premium is based upon the cost to the company for the claim . This is not an attempt to recoup what was paid out . Rather it is recognition that this car may be more susceptible to claims than a standard car , so there are points assigned to the car that translate into higher premiums for a few years .


Input: Does Car Insurance Go Up After A Claim?

Output: That is a great question ! In some cases , it is likely that a claim can increase your premiums , but it is not always the case . Many companies offer a `` forgiveness '' benefit , which allows for an infrequent , or first accident claim to go through without damaging your record with them . It may also depend upon the circumstances of the claim as to whether or not the price will go up . It is pretty much a certainty that if there was a hefty property damage claim , or any kind of criminal act involved , that you will see an increase . I hope that helps - thanks for asking !


Input: Who Has The Cheapest Life Insurance?

Output: The Cheapest Life Insurance is based on gender , age , smoking status , health condition and what type of life insurance is being considered : term or permanent life insurance and the length of coverage ? As an example : a ten year term life insurance policy for $ 100,000 of death benefit coverage for a 25 year old female , nonsmoker in excellent health pays an annual premium of less than $ 100 .


Input: Who Has The Cheapest Life Insurance?

Output: The cheapest life insurance ? There is no best answer since different carriers will be the lowest priced , depending on many variables including age , face amount and health . Banner , Transamerica and Prudential are just three major companies that offer competitive rates . You can easily purchase large amounts of insurance for under $ 10 per month . A full-time experienced broker can shop the top companies and secure you the lowest rate . Just ask ! The most accurate and current advice is also obtained from a broker or full-time financial planner .


Input: Does Home Insurance Cover Food Spoilage?

Output: Talk to your Insurance Professional about the specific terms and conditions of your policy , but many Home Insurance Companies include some limited food spoilage coverage in their contracts . The loss must be as a result of a long term power outage caused by a covered peril -LRB- severe storm for example -RRB- . The coverage is usually limited to a specific dollar amount and is , of course , subject to your property deductible .


Input: Does Home Insurance Cover Food Spoilage?

Output: In many cases , food spoilage that is a result of a long term power outage is covered by your Homeowners ' insurance . It is possible that the coverage may be limited to about $ 500.00 . The loss is subject to your deductible . When there is a storm approaching , in order to help to get your possible claim handled as quickly as possible , conducting an inventory of your refrigerator and freezer , as well as paking pictures can certainly be a benefit .


Input: How Is Car Insurance Paid?

Output: This is up to your insurance carrier . Many insurance carriers allow you to pay for your auto insurance coverage weekly , monthly , quarterly , semi-annually , or annually . Your auto insurance policy will typically be established for a six month or twelve month period of time . There are a few carriers that have shorter periods of time available but are typically more costly . To pay for your coverage many carriers accept cash , check , money order , eft , debit card , or credit card .


Input: Do I Need To Enroll In Medicare Part A?

Output: You will typically the enrolled in Part A when you turn 65 . You are eligible for Part A based on 40 quarters of taxes paid into Medicare . You could also enroll before turning 65 . Those under 65 and have a disability or end stage renal disease . Part A is free due to the time mentioned above .


Input: Do I Need To Enroll In Medicare Part A?

Output: I would enroll in Medicare Part A even if you are still working and covered by your employer 's group health plan . Part A is used primarily for an inpatient hospital stay and it is free . It probably wo n't pay much towards a hospital stay because the insurance through your employer is primary . I think most employers would want you to enroll in Part A when you become eligible .


Input: Does Blue Cross Blue Shield Offer Life Insurance?

Output: Usually life insurance is sold by a blue cross blue shield organization affliiated company only in a group plan format . . By affiliated company , I mean a private company associated with Blue Cross Blue Shield as there may be some restrictions on the Blue Cross Blue Shield organization that prevents direct sales .


Input: Does Blue Cross Blue Shield Offer Life Insurance?

Output: Blue Cross Blue Shield offers life insurance to be added onto a health insurance policy that was purchased from Blue Cross Blue Shield , in some states . The Life face amount offered to add onto the Health policy is fairly small and the type of coverage offered is Term Life insurance .


Input: Does Blue Cross Blue Shield Offer Life Insurance?

Output: Blue Cross is an organization that is focused on health insurance . In some states Blue Cross Blue Shield offers Life Insurance through affiliate companies . It is usually an add on to their health insurance offerings . You should check with your local Blue Cross Blue Shield agent to see if the offer life insurance in your state .


Input: When Can I Apply For Medigap?

Output: You can apply for a Medigap plan at any point during the year - Medigap plans are not subjected to the same restrictions as Parts C & D of Medicare . You can complete an application up to 3 months in advance of the proposed effective date for the coverage - please note , you have to have both Medicare Part A & Part B to buy a Medigap plan . For example , if your effective date is April 1st , you could apply as early as January 1st . And vice versa - you can set the effective date up to 3 months later from the application date -LRB- most will set it up for the 1st of the following month though -RRB- . The effective date for your Medicare Part B coverage is also the starting point for your initial open enrollment period - a 6-month window where you can buy any Medigap plan from any carrier with NO medical underwriting -LRB- this is the best time to buy a Medigap plan -RRB- . Beyond this window , you will be required to answer health questions on the applications and go through medical underwriting -LRB- there are no exams though -RRB- , unless you have a qualifying event for a guaranteed-issue right . You should work through a broker who can shop the case for you and find you the desired Medigap plan at the lowest possible cost . It 's important to review your Medigap plan every year to see if a lower rate is available after the initial rate lock guarantee expires and/or when you have a rate increase . The benefits of a Medigap plan do not change from company to company - they are exactly the same . A plan F from one company features the exact same benefits as a plan F from another company . 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: Is Mortgage Disability Insurance Worth It?

Output: This depends on the stipulations of the mortgage disability insurance . The cost for this benefits is often quite high for the benefit afforded when purchased through a lender . However if are uninsurable than this may be the only way that you can get coverage to ensure that your mortgage is paid if you are too sick or hurt to work and earn money to pay your mortgage .


Input: Why Does Home Insurance Increase Every Year?

Output: Most homeowners policies include a provision that increases the coverage annually to compensate for the increased cost of construction . This annual increase usually results in a 1-3 % increase in premium . The company may have gone to the insurance commissioner and been granted a rate increase which will affect various parts of the policy differently but can result in an increase as well . Otherwise increases are due to changes of conditions or losses incurred on the property itself .


Input: Is Commercial Car Insurance More Expensive?

Output: It can be , yes . For the most part , the pricing reflects the increased exposure that commercial vehicles can have as a result of the amount of time spent on the road , the type of vehicle , size and weight.In addition , the vehicle 's use is also taken into consideration when rating these .


Input: Is Commercial Car Insurance More Expensive?

Output: Commercial policies are generally more expensive than personal auto policies and that is directly related to the business risk involved . How much more more depends on the type of use for the vehicle and how many drivers will be driving that vehicle ? If it is a fleet situation , having a driver 's list with experienced drivers with good driving records will significantly control the costs . If your business does n't have business vehicles , but your employees do your business in their cars , you have a substantial risk of being sued if there is an accident while the employee is driving doing business for you . That is called , hired and non-owned auto . Your business liability insurance can include this exposure for an additional premium .


Input: What Is The Best Medicare Supplement Insurance Policy?

Output: The best Medicare supplement policy is the one that fits your needs and budget . Medigap plans are all standardized which means all plans with the same letter -LRB- such as F -RRB- are identical in every way except price . When you pay more you do n't get more , you simply paid way too much .


Input: When Should A Person Get Life Insurance?

Output: The best advice for getting life insurance is at a younger age in order to be more qualified for lower rates and premiums resulting in higher death benefits . Age 0 to 25 is some of the best years to qualify as dependent to get guaranteed insurability when reaching the age for independence . Even after that age is better to qualify for preferred rating for lower premiums pertaining to health . There are always to benefit with Life Insurance rating . Someone over 40 or 50 will benefit with term policy for the rates are low and the death benefit is high .


Input: When Should A Person Get Life Insurance?

Output: This answer will vary greatly but a person should get life insurance as soon as possible . The younger you are the lower the premium for the rest of the term on the policy . For example if you are 18 years old you can get a whole life policy for $ 250,000 and will have a premium around $ 50.00 per month for the rest of your life and it will build cash value and allow you to borrow against the policy . Now a term life insurance product is much less but if you get a 30 year term for around $ 18.00 per month but then in 30 years if you are still living , hopefully , your insurance will run out and you will have to purchase a new plan and it will now cost you $ 153 for $ 250,000 whole life policy and for another 30 year term it will cost around $ 65.00 per month . So as you can see the longer you wait the more you will pay for your insurance and even worse is if something were to happen to you and you were without insurance then what would your family do without it . For more information please visit WEBSITELINK


Input: Where Can I Find Cheap Auto Insurance In Arkansas?

Output: Cheap auto insurance in Arkansas is available from many sources . The best way to save money on your car insurance rates is to shop with the help of a broker and their website . Since there are dozens of reputable carriers , unless you have experienced and unbiased help , it may be more difficult to find the best prices . As an experienced broker , we tend to spend a lot of time researching and comparing top-rated companies for consumers . Prices and discounts often change so we always have to monitor many insurers . However , the benefit to consumers is they know they are always viewing the lowest prices .


Input: What Does Short Term Disability Insurance Cover?

Output: Private Short Term Disability Insurance covers disability that is expected to last under two years . Also called `` sick leave '' , short term disability insurance can cover lost wages due to broken bones , sprains , chemotherapy , pneumonia , and other illnesses or injuries that are not long term or permanent . The average short term disability claim is 40 to 60 days .


Input: Can You Claim Rhinoplasty On Medicare?

Output: If the purpose of the rhinoplasty is cosmetic , Medicare will not pay for this surgery . Medicare may pay for rhinoplasty for one or more of the following conditions : to improve breathing , to repair defects in the nose caused by trauma , to treat congenital anatomical abnormalities when function of the nose is affected , to repair nasal tissue after removal of a tumor when function is affected , to treat sleep apnea or other conditions that interfere with breathing when other treatments do not work , or to reconstruct the nose in case of severe deformity .


Input: How Much Is Wisconsin Car Insurance?

Output: To find out the answer to this question , please call a local agent to discuss your coverage needs and concerns . Auto insurance is not a product that is one size fits all . To be properly covered you need to speak with a local agent to get the coverage that will best meet yours and your family 's needs .


Input: Does Renters Insurance Cover Food?

Output: Great question ! The answer will depend on why the food spoiled . If you were the reason that it spoiled , then no , it wo n't be covered . If you can prove that the food was spoiled as a result of a fire , or some trauma done to the home , then it may be covered . If it is a result of the power being out , then you may or may not be able to get it covered , it will depend upon the specifics of your policy . Thank you for asking !


Input: Does Renters Insurance Cover Food?

Output: If food is spoiled because power to a residence is lost , the renters policy does not provide coverage . If it is spoiled because of damage to the interior of the residence caused by a covered peril , then the policy will probably provide coverage . If the food is spoiled because it was mishandled or out of date , then of course , there isnt any coverage .


Input: Who Benefits From Long Term Care Insurance?

Output: If the value proposition has sound financial virtue , then the long term care policy owner benefits for the purchase . But it also benefits assisted home living and nursing home care , an industry that specializes in gerontology care . It also benefits the immediate family cant take the time to care for elderly parents .


Input: Who Benefits From Long Term Care Insurance?

Output: In addition to the above comments , the family benefits . Average cost for a nursing home in the US , paid for long term care , usually in the range of $ 6,000.00 per month . An estate can be quickly depleted by the cost of long term care . Many people believe that Medicare pays for long term care , quite the opposite . Medicare pays only for the first 20 days . Medicaid pays for long term care , however you have to spend down any assets to qualify for Medicaid benefits . Long term care policies also come with a `` ROP '' or Return of Premium rider , a great option to consider when thinking about a long term care policy . Underwriting can be more challenging to overcome than the price of the policy .


Input: What's The Point Of Life Insurance?

Output: Life insurance is pointless if you have no family members , business associates or charitable organizations that depend on you for anything . The point of life insurance is to protect your family members , business associates or charitable organizations from economic loss if you were to be gone from the picture . If you have financial liabilities , future obligations or charitable intent and you care about family , business associates or your charity , then life insurance is the product to point to .


Input: How Old Can Children Be On Parents Health Insurance?

Output: Obamacare requires carriers to allow adult children to continue on their parent 's plan until age 26 . Most of these adult children would be better off with a plan of their own if they are between the age of 19 and 26 . One reason to put adult children on a parent 's plan is to access maternity benefits if the parents coverage is through an employer group health insurance plan .


Input: Does Medicare Cover Vision Exams?

Output: Routine vision eye exams are not covered by Medicare . This would be covered under a separate vision insurance plan or you would pay out of pocket . If a vision exam is deemed medically necessary by your doctor , Medicare may cover it . An example of when this might happen is if someone is diabetic and the doctor is concerned about the possibility of retinopathy , he/she may order a vision exam . In that type of instance , Medicare would cover the exam . 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: Does AARP Offer Life Insurance?

Output: Keep in mind AARP is not an insurance company . New Your Life pays for the endorsement and the right to market under the AARP banner . Just because a policy is offered under the AARP name does not `` necessarily '' guarantee a better rate than you can get elsewhere . AARP is a good organization and New York Life is a good company , all I am saying is shop and know what you are buying . Whenever you buy something over the TV or in the mail you risk getting hurt because it is very easy to be confused by some of the advertising that is done . Having a good local agent is almost always the best choice .


Input: Does AARP Offer Life Insurance?

Output: AARP , the American Association for Retired Persons , is a lobbying group tied to a marketing organization . AARP does not write insurance , but does `` endorse '' certain insurance products in exchange for a kick back or other form of compensation . It is unwise to assume any insurance product endorsed by an association is always a good deal . When I have compared plans recommended by AARP vs. what the consumer can purchase on the open market through an independent agent , I rarely find the AARP endorsed plans to be of good value .


Input: Does AARP Offer Life Insurance?

Output: Yes , AARP does offer life insurance through New York Life . They offer Term and Whole Life . The death benefit will either pay 100 % from day one or be graded . Some of their policies can go up in price periodically , so take that into account when comparing prices .


Input: Does AARP Offer Life Insurance?

Output: Yes . AARP offers at least two different types of life insurance . One type they have is a term life insurance policy that they sell to people age 50 or older . The rates increase every 5-years on that one . When you have a birthday that ends with a 0 or a 5 you will have a rate increase . -LRB- age 55 , 60 , 65 , etc. -RRB- if you live to your 80th birthday your AARP term policy terminates . You can then buy their other policy but the rates are much higher and are still not guaranteed against future increases . Another type policy AARP has sold for many years . It is a universal life policy where the rates are not scheduled to increase but it still has no guarantee against rate increases . They have sold this for many years . More recently they have introduced a whole life policy that does offer a guarantee against rate increases . It may not be available in all states yet . AARP is not actually an insurance company . They just market the policies for New York Life .


Input: Why Did I Get A Bill For An Endoscopy When I Have Medicare And A Supplment?

Output: Great question . As usual , not enough details to zero in on the exact reason WHY you received the bill . All the answers above are right . My questions/thoughts are : 1 . What Medigap plan do you have ? F -LRB- which we almost never enroll clients in - MATH dictates that -RRB- , G , K , N , or one of the other parts of the Alphabet soup . 2 . Was is just not billed or coded correctly ? 3 . Depending on the supplement Letter you have , it could be that Excess Charges were not covered ??? 4 . OR ... only an thought ... I get calls all the time from people who want to `` look for a different supplement '' when in fact they have a Medicare Advantage plan . The average person does n't distinguish between the two : Medigap & Advantage . So if you have an advantage plan , you are getting billed for the co-pay -LRB- s -RRB- . Reach out directly if you want further clarity . THANK YOU !! - gravy .


Input: Why Did I Get A Bill For An Endoscopy When I Have Medicare And A Supplment?

Output: Assuming you have both Medicare Part A and Part B -LRB- together this is known as `` original Medicare '' -RRB- , these two parts pay for approximately 80 % of diagnostic procedures . If you do not have a Medicare Supplement plan , then you may be responsible for the other 20 % of the expense -LRB- if the doctor does not take `` assignment '' -LRB- meaning the doctor accepting the Medicare-approved amount as payment in full -RRB- . If you had a Medicare Supplement plan , the 20 % of expenses you would normally be responsible for may be fully covered , depending on which Medicare Supplement plan you have . There area 11 different Medicare Supplement plans available in the marketplace - plans F and G being the most comprehensive . Please note , if you do have a Medicare Supplement plan , when you visited the endoscopy center , both the Medicare ID card and Medicare Supplement ID card should have been presented to the receptionist -LRB- or whomever handles billing at the facility -RRB- so the facility could bill Medicare and then the insurance company for the difference -LRB- if you had a Medicare Supplement plan that was not a plan F , you may be responsible for an extra amount -LRB- to an extent - again , depending upon the plan letter you have -RRB- -RRB- . I hope the information is helpful - please feel free to contact me if you have any other questions or would like to consider securing a Medicare Supplement plan . Even if you have a Medicare Supplement plan , a lower rate may be available to you without affecting the existing benefits or you may be able to improve upon what you have - Medicare Supplement plans are standardized so the coverage is the same for a given plan letter , regardless of the insurance company the coverage is through .


Input: Why Did I Get A Bill For An Endoscopy When I Have Medicare And A Supplment?

Output: For an endoscopy Medicare would only pay 80 % not 100 % . An endoscopy is a diagnostic test and is paid under Medicare Part B . If you had already met your yearly Part B deductible -LRB- $ 147 for 2015 or $ 166 for 2016 -RRB- you should owe nothing for the test . Make sure the doctor who performed the endoscopy submitted a claim to your Medicare Supplement Plan .


Input: Why Did I Get A Bill For An Endoscopy When I Have Medicare And A Supplment?

Output: It depends on which Medicare supplement plan you have . Many Medicare supplement have costs shares associates with them . A plan F covers 100 % but other plans such as L or K only cover a percentage of what Medicare does n't cover . You could also have a high deducible F plan which would not cover until the annual deductible has been met for the plan . Identifying which supplement you have will make it much easier to determine your coverage level


Input: Is Nationwide Insurance A Mutual Company?

Output: Yes , Nationwide Insurance is a mutual company . In 2009 , Nationwide Corporation -LRB- a wholly owned subsidiary of Nationwide Mutual Insurance Company -RRB- bought out all the outstanding shares of common stock of Nationwide Financial Services , thus making NFS into a private , mutual company , as well . Nationwide is headquartered in Columbus , Ohio .


Input: Can You Leave Your Car On The Road Without Insurance?

Output: This is a complicated question and really depends upon the insurance laws of your state . No-Fault States : if you live in a no-fault state then you could potentially leave your car in the street without insurance ONLY IF your car is parked in a legal zone and in a safe manner . What I mean by this is you do not want your parked car to be at risk for any liability in the case of an accident . For example , if you are parked on the street outside your house and it is within a couple of inches of the curb and no where near a fire hydrant , then if someone hits your car they will collect against their own insurance and you will not be liable if they sustain any severe physical injuries . However , if your car is in an illegal parking zone or you parked far from the curb , then the person who struck your auto might have cause for a liability suit against you . As a word of caution , just remember that you can get sued regardless of fault and you will have to defend the case until it is dismissed for lack of liability . This means you will still have to pay for an attorney , so it is better to have insurance . Tort-State : you need insurance because they person who hits your parked car will sue you to reclaim collision damages . Please note this is a very brief answer and there are other possible scenarios in both no-fault states and tort-states that can lead to you being sued for having your parked car in the street . I hope this helps .


Input: How To Select Home Insurance?

Output: Home insurance is not something to take for granted . Unfortunately , most people do because it 's the last thing they need to close on a house . There are several variables that come into play with Home insurance and selecting the cheapest policy can cost you thousands down the road . The best way to select home insurance is to work with an independent agent . Independent agents are not held to any one company . They can review several different plans and compare rates to make sure you are getting the best policy based on your needs , not the insurance company .


Input: How Much Coverage Should I Have For Renters Insurance?

Output: Renters insurance covers you and your property along with liability , coverage for living expensesyou may needif because of a covered loss you can not live there any longer and a few other coverage . You should consult with your agent on the amount of coverage but I would start with taking a guess of how much you think it would take to replace all of your stuff if the worst happened . Remember the landlord or owner of the property does not have any financial interest in your property so make sure you get a renters policy . One last thing there are policies that will pay you replacement cost and others that do not make sure you ask if the policy you are thinking about purchasing has replacement cost for you personal property .


Input: How Much Coverage Should I Have For Renters Insurance?

Output: Renters insurance covers your personal property . You should carry enough renters insurance to cover your possessions in the event of a total loss . Inventory your property and take pictures to get a good estimate of the amount of coverage you need . I would make sure I had at least $ 100,000 in liability protection as well .


Input: What Is Joint Universal Life Insurance?

Output: Joint Universal Life Insurance is a universal life insurance policy that covers two people . It can be a `` first to die '' or `` second to die '' policy . If a first to die UL , the policy will pay the death benefit to the survivor when the first of the two persons passes away . If a second to die UL , the policy will pay the death benefit to a third party when both of the insured persons have passed . This latter type of joint coverage is also called survivorship life insurance . Some reasons people may purchase joint universal insurance are : 1 -RRB- They want to consolidate the number of policies they have . 2 -RRB- One of the insured persons may be uninsurable under a regular policy , but can be covered by a second to die policy . 3 -RRB- Only the survivor needs the coverage ... after the second person passes away there is no need for life insurance ... thus a first to die policy works well for them .


Input: Can Car Insurance Affect Your Credit?

Output: Normally only if you do not pay your premiums on time . If you are in arrears for any portion of your auto insurance premium it is possible that the carrier may turn your account over to a collections agency which may in turn adversely affect your credit rating . Auto insurance carriers to the best of my knowledge currently do not report any information to the credit agencies .


Input: What Do Life Insurance Exams Test For?

Output: Life insurance is a mortality product . Blood and urine testing generally has 24 item categories that determine a projected outlook on the prospects mortality or life expectancy . In generally terms the tests are used as a discovery method for disease , drug use and smoking status .


Input: What Do Life Insurance Exams Test For?

Output: Life insurance exams test for the presence of cotinine -LRB- a byproducts of nicotine -RRB- , some illegal drugs , and indicators of disease . Lab test include tests for cholesterol and blood sugar . They are looking for disorders of the kidney , heart , blood , liver , and pancreas . They also test for HIV .


Input: Which Is The Best Classic Car Insurance?

Output: I use several carriers and also have my own collector car and I have found that American collectors have better coverage and rates in Montana and less strict as far as guidelines and restrictions . Also they have stated value . The claims I have found have been excellent also . Each carrier has their own niche and specialty


Input: Which Is The Best Classic Car Insurance?

Output: This answer is personal to me . I offer classic car insurance from many different insurance carriers but the company who really offers a high level of coverage 's and service would be Hagerty in my opinion . Hagerty may not be the best priced in every situation but this is a company that really knows what they are doing when it comes to classic car protection .


Input: What Rate Are Annuities Paying?

Output: Today the current 5 year , fixed interest rate is around 3 % . The potential indexed rate is around 5 % . Single premium immediate annuities around 1 % , but keep in mind that the older the annuitant is , the greater the mortality credit is applied to the rate for life time payouts .


Input: What Rate Are Annuities Paying?

Output: The short answer as to what annuities are paying is `` several times that of most bank CDs '' . There are many different types of annuities with different commitment time frames and dozens of insurance companies offering these annuity products . To give a specific number is simply not possible without knowing your individual financial needs , the length of time you 're willing to commit to and whether you want an annuity for growth or to provide guaranteed lifetime income . A fairly brief conversation with an experienced retirement income planner or financial services representative who focuses on annuity products will answer this question with meaningful focus on your specific needs and situation .


Input: How Much Does It Cost To Set Up A Life Insurance Trust?

Output: First make sure that you need one . The federal estate unified credit is over 10 million dollars for a married couple . If your present assets and growth of your state will never exceed 10 million , maybe you should reconsider . Consumer online irrevocable life insurance trusts -LRB- ILIT -RRB- can go from $ 300 - $ 500 depending on their detail . Depending on where you live , you may pay $ 1,200 to $ 2,500 for an ILIT .


Input: How Much Does It Cost To Set Up A Life Insurance Trust?

Output: A life insurance trust is a legal instrument that is normally used as an estate planning tool . A funded trust owns the life insurance policy and the assets to pay -LRB- fund -RRB- the premiums . The trust is both the owner and beneficiary in most cases . When establishing any trust , including a life insurance trust , you should consult with a qualified estate attorney . Creating the trust can be anywhere from a few hundred dollars to several thousand , depending on the complexity of the estate .


Input: Who Regulates Health Insurance?

Output: The answer to this question was much simpler prior to passage of the Affordable Care Act . Insurance was primarily regulated at the state level , but now a variety of federal government departments are involved . The Centers for Medicaid and Medicare -LRB- CMS -RRB- regulate the administration of those two programs in combination with the states . The Department of Health and Human Services issues many interpretations of the law , and was responsible for rolling out the exchange marketplaces . The Internal Revenue Service -LRB- IRS -RRB- will be involved in collecting the penalty from those not purchasing coverage , and determining and validating the income-based subsidies . Other departments are involved as well .


Input: Who Regulates Health Insurance?

Output: Health insurance is regulated by multiple governing bodies including , but not limited to : Department of Insurance -LRB- DOI -RRB- in each state Securities and Exchange Commission -LRB- SEC -RRB- , assuming the carrier is a public entity The Federal Government -LRB- ACA -RRB- Other organizations such as NAHU , AHIP and others do n't regulate , but strongly influence decisions . The majority of the regulation happens at the state level causing a different set of rules and regulations depending on where the plans are created & offered .


Input: What Is The Term Of Life Insurance?

Output: If you actually buy Term Life Insurance , you get to pick the term , be it one year , five years , ten years , or even twenty years . But you need to pay the premium every year , or it will end . 97 % of folks do not continue to pay and it ends for them . They then have to get another policy , only to find it costs more because they are older , or is not even available because of their health . A man in his 30 's put off buying until last week , only to find he had developed MS and had to pay a much higher premium . He was lucky to be able to get insurance at all . Do not put off buying insurance . Something is always better than nothing . Getting Permanent Whole Life Insurance is the safest . The rates never go up and you can keep it your entire life , so long as the premiums are paid . A quality agent can help you determine what you can afford , and how to arrange a variety of possible alternative options . Gary Lane , Agent for New York Life , 949 797 2424 . Thank you .


Input: What Is The Term Of Life Insurance?

Output: The term of life insurance is usually the number of years that a Term Life Insurance policy will stay the same price . I say `` usually '' because some policies will increase the price every few years , or at a certain point in the policy . Others will say the policy `` usually '' will stay the same price for the entire term , but it is not guaranteed to do so . To make sure you have a Term policy that will stay the same price for the entire term , check the conditions to make sure your premium is `` guaranteed level '' .


Input: How Many People In Kansas Have Health Insurance?

Output: According to the most recent set of complete data in 2011 , 87 % of all Kansans have some form of health insurance . Fifty-two percent have an employer-sponsored health plan , 5 % buy their own individual coverage , 13 % through Medicaid , 14 % through Medicare , and 3 % on some other form of public insurance -LRB- veterans benefits , high-risk pools , etc -RRB- . And the remaining 13 % had no health insurance at all . According to analysis of trends in KS and Nationwide , KS is one of the few states that saw a decrease in health insurance coverage -LRB- more uninsured -RRB- from 2007-2011 . Because , according to the data , the new dependent coverage meant to allow young adults to remain on their parents insurance up to age 27 , did n't impact Kansas Residents as much as the rest of the nation during the recession .


Input: Should I Exaggerate My Income In Order To Qualify For Health Insurance Subsidy?

Output: You ca n't exaggerate your income . Your tax returns will be checked and you will be audited . I recommend you fill out the forms completely honestly and go from there . It 's what we all have to do . All you will end up doing is creating a big problem for yourself and if there is a mistake that is caught later you receive a bill to pay the difference and possibility a penalty to go with it .


Input: Should I Exaggerate My Income In Order To Qualify For Health Insurance Subsidy?

Output: You really ca n't . Your financial records , primarily your tax returns will be reviewed as part of the underwriting and screening process . That having been said , let 's face it , it is never a good idea to lie or fabricate on an insurance application of any kind . That sort of misrepresentation is called fraud and at the very least when discovered will pretty much guarantee that your premium for the insurance contract will be increased or the contract considered null and void .


Input: How Do You Set Up Annuities?

Output: You will need to contact a good insurance agent who is familiar with annuities and can offer a multitude of companies . The agent can examine your needs , goals and personal circumstances and help determine if an annuity is suitable for you , and if so help direct you to an annuity that fits your circumstances . The agent will then help you apply .


Input: Does Life Insurance Automatically Go To A Spouse?

Output: Life insurance does not automatically go to a spouse ; it goes to whoever the policy owner names as beneficiary . Some married persons leave their life insurance proceeds to charity , or grandchildren , or someone who loaned them money , or their business partners . One of the pluses of life insurance is that is very personal , and will go to whoever you want .


Input: Does Life Insurance Automatically Go To A Spouse?

Output: The beneficiary of a life insurance policy will receive the death benefit at the death of the life insured . It is common for the spouse to be named as the beneficiary in a life insurance contract as it allows the death benefit to pass directly to the spouse without the need for probate . Its effect generally supersedes anything that a will or trust might say . At the death of the insured , the beneficiary simply produces the death certificate , and the beneficiarys interest in the benefit vests immediately and absolutely . That direct , absolute , and nearly immediate access is a powerful planning advantage . And , in most cases , the amounts paid directly to a beneficiary are not subject to the claims of creditors of the decedent .


Input: How Much Does Medicare Cost A Year?

Output: Medicare Part A premiums are $ 0 for most people . If you have at least 10 years of covered Social Security wages , have lived in the US for at least 5 years and are age 65 or older Part A is available at no charge to you . Most will pay $ 105 per month for Medicare Part B.


Input: Can I Overlap My Car Insurance?

Output: It used to be a fairly common practice to `` overlap '' policies when coverage was replaced so as to avoid any gap in coverage . These days , however , that practice has become unnecessary with the advances in technology used by most insureres and thier agents . In most cases , agents have direct binding authority granted to them by the companies they represent which means that once the application is signed , the initial premium paid and the new business is released , your new coverage has been bound . If it is replacing coverage provided by a former carrier , your new insurance professional can also prepare a formal cancellation request form for your signature and forward that to your previous company for their handling .


Input: Can I Overlap My Car Insurance?

Output: Although , insurance carriers do n't have access to information about other car insurance you may have and resulting overlaps , in case of a claim during the overlapping period it is not clear which insurance company liability that would be . That 's why it is highly advisable not to overlap any insurance , including car insurance . Life hack : most policies start/end at 12:01 AM on the day of inception/cancellation . If your existing policy is to expire on 12/31/2013 make sure your new policy starts on 12/13/2013 as well , otherwise , there will be a lapse in coverage .


Input: How Much Life Insurance Does Clark Howard Recommend?

Output: I had to do a little research on this guy . Looks like he has a radio show talking about Financial Services and everything in between . With some digging , I found this statement on his website : Life insurance is meant to replace your income . My rule of thumb is to buy an amount equal to 10 times your annual salary . His website is : WEBSITELINK where I found the answer . On that note , realize he is saying `` a rule of thumb '' which I tend to agree with by the way if I am just casually talking to someone about Life Insurance and how much you need . I do prefer to get into specifics with your situation , which any agent/broker should do for you , to determine what you need to cover like your biggest deb , your mortgage to replacing income and for how long . A thought is to replace income to retirement age -LRB- age 65 , 70 , etc. -RRB- as at this time , you do not earn income any more . Hope this helps . Please consider talking to a local agent or feel free to reach out to me .


Input: How Much Life Insurance Does Clark Howard Recommend?

Output: 10 times your income is one of the more generic ways to calculate the amount you need . It 's a good one ... The RIGHT benefit amount is so different for each individual . Income , debt load , size & age of family , etc. all go into the calculation . Often , we write two policies to meet a need . Especially those with young families . A LARGER benefit for a shorter term and a lower benefit to fill the long term needs . - gravy .


Input: Does My Health Insurance Cover Motorcycle Accidents?

Output: Great Question . Usally health insurance cover you if you get hurt in a motorcycle accident . If you fall off your motorcycle and need medical attention you can go to your local hospital or urgent care and get service done . You also need to check with your health insurance company to see what is the limits and exclusion on the policy .


Input: Can I Keep A Car Off Road Without Insurance?

Output: In most states , if not all , insurance is requireed to register a vehicle for road use . There are situations , for example if one owns a farm , that farm owner may have vehicles -LRB- trucks , trailers and other equpment -RRB- that are used strictly and exclusively on the farm and never enter the public roadways.You should check with your local authorities , but usually in situations like that , incurance is not a requirement . If you do have a private passenger car and it is registered , then insurance must be maintained . However , if it is a seasonal car , then talk to your insurance professional to see if your insuring company allows for the temporary suspension of liability coverage while that car is garaged in the off season .


Input: Can I Keep A Car Off Road Without Insurance?

Output: You could if you wanted to keep any vehicle without insurance . In most cases you would not be within the letter of the law . The bigger concern would be that in almost all casesyou are not covered for any liability issues if you do not have coverage on the vehicle and someone is hurt when either using it or as a passenger . Contact your local agent to get coverage . Do you really want to leave yourself and your family financially exposed in the event of an accident ?


Input: Can I Keep A Car Off Road Without Insurance?

Output: The answer to this question depends on the laws of the state you are from . If you plan non operating -LRB- PNO -RRB- and renew car registration with PNO fee you do n't have to have insurance on it . The only requirement that insurance company may have is that your car is properly registered with DMV . For instance , if the car is salvaged and there is no title , you ca n't insure it . But if the title was issued - you can get coverage . Here is a tricky question : if you own an off road mobile equipment , for instance , the one used in construction , and this vehicle is not designed / nor used on public roads - you are not required to register -LRB- i.e. forklift -RRB- . But if you cross a highway on a public road , than this creates a legal issue . This is a known fact . In the end , to answer your question more info is required . Do n't relay on anything you read here .


Input: Who Has Best Retirement Plan?

Output: A retirement plan can be qualified defined benefit or contribution plan or a non-qualified plan . If your tax bracket is high you may select a qualified plan with pretax contributions as an example . Funding your retirement plan with saving and investment products will depend on your personal financial profile that should include a risk assessment analysis and timeline that benchmark your retirement date and life expectancy .


Input: Does Home Insurance Cover Your Water Heater?

Output: Great question . Your water heather is not something your home insurance will cover in a claim situation . You will have to pay to replace it yourself . Unless you have a home warranty policy that can cover your water heater . Good luck and you should always contact your local insuance broker for additional questions .


Input: What Happens If Car Insurance Lapses?

Output: If your car insurance lapses ... pay that bill ! Often , you have time where the insurer will accept your premium payment -LRB- but possibly with a lapse incoverage -RRB- . If your policy has lapsed for a longer period of time , obtaining a new policy quickly is important . You should contact an experienced broker or a very reputable website with the idea of getting coverage that day . After reviewing multiple quotes , you can apply and purchase a policy -LRB- online , if you wish -RRB- .


Input: How To Lower My Homeowners Insurance?

Output: Many insurance companies offer discounts when you bundle multiple lines of business together . Ask your broker if you get a discount for insuring your auto , life , motorcycle , etc. with the same company . The age of your roof -LRB- and roof type -RRB- and how recently you 've made significant improvements to heating , plumbing , air conditioning , and alarm systems factor in to your rate as well .


Input: How To Lower My Homeowners Insurance?

Output: Storms throughout the country are causing home insurance rates to increase rapidly . However , there are ways to reduce your cost . First , make sure you home is insured for the right amount . Second , increase your deductible . Third , review optional coverages on your policy and decide if the coverage is worth the cost .


Input: What Is The Average Yearly Cost Of Health Insurance?

Output: It 's really impossibly to determine an `` average '' cost since there are so many factors - how many people on your plan , ages , pre-x conditions , zip code , etc. . And then you ` llhave to get a new , Obamacare plan by January 2014 . Those prices have n't been published yet , but they 're generally expected to be 30 % higher than costs today . Best be is call a licensed agent and get an actual quote .


Input: Does Life Insurance Cover Accidental Overdose?

Output: Life insurance will pay for accidental overdose . If death occurs during the contestable part of the policy -LRB- the first two years -RRB- , the life insurance company will review the application , underwriting , and medical records to make sure that a drug problem was not hidden at the time the deceased person applied for life insurance . If it is found that the Insured person did not admit substance abuse or diagnosed mental instability when applying for insurance , the policy claim could be denied . However , if lying or omission did not occur , the benefit should be paid .


Input: Does Life Insurance Cover Accidental Overdose?

Output: Yes . If your Life insurance policy has been in force for 2 years or more the policy will pay out for any cause of death . If the policy is less than 2 years old as long as the application was answered truthfully and there was no fraud the policy will still pay out for an accidental overdose .


Input: Does Life Insurance Cover Accidental Overdose?

Output: Yes , life insurance does cover accidental overdose . If the policy was purchased less than two years prior to the overdose , the insurance company will investigate to see if it was truly accidental . And if the overdose was due to items not disclosed on the life insurance application such as illegal drug use , dementia , depression , or medication , the life insurance company may contest the policy . For policies over two years old and policies that offered full disclosure , accidental overdose is a covered event .


Input: Is Medigap Insurance Worth It?

Output: Medigap Insurance is definitely worth it . When you were working you took out health insurance through your employer hoping you would not have to use it . You have health insurance not to take care of the occasional doctor visit but to protect yourself financially if you should be diagnosed with a serious health condition or involved in a serious accident . Medicare Supplements protect you from the high out-of-pocket cost associated with treating serious and chronic health conditions . As you get older the chances of developing serious and chronic health conditions become much greater . Medicare only covers 80 % of your Part B medical expenses and the 20 % you have to pay if you do n't have a Medicare Supplement can leave you owing thousands of dollars in medical bills .


Input: Is Medigap Insurance Worth It?

Output: If you would like to have peace of mind knowing that the remaining 20 % of Medicare approved charges will be covered by insurance -LRB- instead of your bank account -RRB- , then Medigap insurance is absolutely worth it . Medicare Beneficiaries with Original Medicare Part A and Part B leave themselves vulnerable to the ` gaps ' that Medicare does not cover -LRB- co-insurance , co-pays and deductibles -RRB- . This can add up quickly . For example , a $ 5,000 procedure would leave you with a bill for $ 1,000 -LRB- 20 % co-insurance -RRB- . A $ 20,000 procedure would bill you for $ 4,000 -LRB- 20 % co-insurance -RRB- . You see where this is going ... $ 50,000 operation means you 're stuck with a $ 10,000 hospital bill . Not to mention -- if you have a chronic illness , twenty-percent co-insurance can put a huge burden on your budget . I have spoken to Medicare Beneficiaries who are paying the 20 % co-insurance . Some do n't mind because they have n't had any health issues , but others do have health issues and did n't realize they could n't get a Medigap Plan once they were sick . Meaning , you are not always guaranteed a Medigap Plan whenever you want to buy one . If you are not in your initial Open Enrollment Period or another Guaranteed Issue Situation , you 'll have to qualify medically . If I can assist you with your personal situation , please feel free to contact me .


Input: How Long Does An Auto Insurance Settlement Take?

Output: An auto insurance settlement can be handled and completed in 24 hours ... or 24 months . Yes , that 's a big range ! Physical damage to a car can often settle the same day , if an adjuster can see the vehicle -LRB- if requested -RRB- or if needed information is provided . A liability claim withbodilyinjury could be very lengthy if there is litigation involved . Between trials , appeals and delays ... yes , it could take quite a while .


Input: When Does Medicare Cover Oxygen?

Output: All these conditions must be met for Medicare to cover the cost of oxygen and supplies needed for delivery of oxygen : You are diagnosed with a severe lung disease or have been told by your doctor that you are not getting enough oxygen ; Your health might not improve without oxygen therapy ; Your arterial blood gas level falls within a certain range ; and Alternative methods of treating you have not worked .


Input: Does TD Ameritrade Sell Annuities?

Output: Yes TD Ameritrade sells annuities . You can get more information about what annuities they offer by contacting one of their advisors and discussing what they offer . The annuities are not issued by TD Ameritrade itself , but are sold as a broker for other insurance companies . So TD Ameritrade is performing the same task any agent would perform for you .


Input: How Long Can I Wait To File An Auto Insurance Claim?

Output: The best answer that I can provide : `` As soon as practicable . '' This is the best answer I can provide because each insurance contract details under the common policy conditions when a claim must be reported . Typically , most contracts require that you report it as soon as you possibly can -LRB- i.e. as soon as practicable -RRB- . Moreover , in addition to when you must report the claim you have too look at what other conditions must be met , like preservation of property , filing a police report and cooperating with the insurance company . I hope this helps .


Input: How To Become A Car Insurance Agent?

Output: In California you can become a car insurance agent by passing one of a couple of appropriate examinations conducted by the California Insurance Commissioner . Before taking the examination you must complete a specified course of instruction and a course on ethical behavior . Your state insurance commissioner probably has a website that details these requirements in your state . Finally , you must be appointed by an admitted insurance company in your state .


Input: Does Health Insurance Affect Tax Return?

Output: Your health insurance can impact how you file your tax return . For example , if you have an HSA -LRB- Health Savings Account -RRB- and you made contributions during the tax year you are filing , you may be entitled to deductions that will reduce your taxable income . If you itemize your deductions , Then there may be an impact on your adjusted gross income , depending on how many medical expenses you had and the type of health insurance you carry . Self-employed persons may have additional opportunities for reductions if they pay health insurance premiums . Of course , your tax adviser would be a great resource and perhaps an experienced broker to review the health insurance issues .


Input: How Long Does It Take To Get A Home Insurance?

Output: There are several factors that would determine how long it would take to get a home insurance . The first consideration would be the type of construction -LRB- brick , log , vinyl siding , etc -RRB- & how far is the closest fire hydrant and how far away is the fire department . The condition of the home would also be considered ... is it in need of repair or well maintained ? Is your credit good and have you filed claims in the past on other properties . Typically , most insurance companies have access to a large data base that keep info . There are some other factors as wellthat would be considered . Finally , some agents will have binding authority if the home is not high in value . In which case , you could get coverage on the home the same day it was quoted .


Input: How Long Does It Take To Get A Home Insurance?

Output: Good question . . A homeowners insurance policy should be very easy to obtain assuming that you have good credit , the home is not damaged and you will be occupying the home as a primary residence . I would give your local agent at least 2-3 days to work on getting the best rate for you . If the home has prior claims , is located near tidal water or has some other unusual factor it can take longer . Generally speaking , a homeowners insurance policy can be obtained within 24 hours . If a rush is needed for closing it can be done sooner but it limits the time the agent has to secure the best price . Hope this answer helps .


Input: Is Insurance Higher On A Red Car?

Output: Many years ago , underwriting and risk analysis that was employed by insurance companies was much less sophisticated than it is today , so there was a time that the color of a car or the number of it 's doors or if it was a convertable may have had an impact . Not today , however . Statistical analysis and risk evaluations have become much more in depth and as such , more accurately reflect the pricing for a given rist that an insurance company is willing to take on . Today , though the color of a car may not matter , one 's credit score very well may . In addition , companies now have millions of data elements for any particular type , year , make and model of a car that they did not have back in the day .


Input: Is Insurance Higher On A Red Car?

Output: The color of a car is not a factor in California . The year make and model of the car , the annual mileage , the driving records of all the household members and the location of the car are the primary rating factors on auto insurance . Other states vary . I have driven a red car for quite a while and have never paid extra .


Input: Is Insurance Higher On A Red Car?

Output: That is a great question ! I think that you are hearing an urban legend at work . Typically the rate will depend a whole lot more upon the car - its make , model and year - much more than its color . A sports car or an importwill generally cost more than a sedan will , regardless of the color . I hope that helps , thanks for asking !


Input: How Are Variable Annuities Regulated?

Output: A variable annuity has two regulatory bodies of oversight that have standalone jurisdiction for each regulator . A variable annuity is a security governed by the SEC and sold through FINRA registered representatives hold at least a series 6 and 63 license . It also has an insurance component to it as well . And to the extent that it is an insurance product is subject to the department of insurance jurisdiction .


Input: What Is The Primary Purpose Of An Irrevocable Life Insurance Trust?

Output: Life Insurance Trusts allow Insurance proceeds to go into a trust and allocated where the person who controls the trust sees fit . It is a great way to ensure your wishes are carried out with the proceeds deposited . In an Irrevocable Life Insurance trusts the person who sets it up basically loses the ability to change the trust . It may be used to prevent anyone else from changing the original intention behind why the trust was first set up . It is a great tool to ensure future financial investments/distributions are adhered to . A Life Insurance professional can explain the basics of how insurance fits in and then direct you to a legal professional who can set it up .


Input: What Is The Primary Purpose Of An Irrevocable Life Insurance Trust?

Output: The Primary Purpose of an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- is to own a life insurance policy and distribute the policies proceeds to the ILIT beneficiaries and thus outside estate . The ILIT is set up and dated first . Then the policy is dated after the trust date . The grantor generally gifts the premiums or uses the unified credit to fund the ILIT without taxes on the premiums . Consult with an estate tax attorney before moving forward with any estate planning thats considering an ILIT .


Input: What Is The Primary Purpose Of An Irrevocable Life Insurance Trust?

Output: An Irrevocable Life Insurance Trusts is designed to ensure payments from an Insurance policy go towards a trust that has been pre-designed to determine how proceeds will be allocated upon one 's passing . This tool is used to ensure your wishes are carried out , as stated at the time the trust was established . One an Irrevocable Life Insurance trust is set up , the person who established the trust loses the ability to change how proceeds are later paid preventing anyone from changing the original intention of the trust .


Input: What Type Of Life Insurance Is Best?

Output: The best life insurance policy is the policy that is in force on the date of your death . It is the only policy that will pay a death claim . Regardless of the price this policy will always cost less than the death benefit . Another way to determine what policy is best is to consider your needs and buy a policy that protects you during the time that you need protection .


Input: What Type Of Life Insurance Is Best?

Output: There are a number of different types of life insurance policies because there are different types of coverage needed to best suit different types of needs . Permanent life insurance with a cash value is best if you want to borrow from your own money to pay for needs like college or weddings . Term life insurance if best for temporary needs like paying off a mortgage . Universal or Whole Life is best for paying permanent needs life funeral costs . You really ca n't call one type of life insurance best . They are all best if purchased for the right need .


Input: Does Car Insurance Cover Mechanical Problems?

Output: Possibly if your policy carries and endorsement for breakdowns or the mechanical problem is the direct result of a covered loss . Many auto insurance carriers offer road side assistance endorsements to their policies that provide some limited coverage for mechanical breakdowns . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions there may be .


Input: Can I Claim For A New Boiler On My Home Insurance?

Output: It is best to talk to your Insurance Professional about the specific terms and conditions of your Homeowners ' policy . That having been said , Insurance is not a maintenance policy . If your boiler just gave out , then generally speaking no I would not expect your Homeowners ' coverage to replace the unit . However , if the tank ruptured and the result was water damage to your walls or stored personal belongings , then it may be that coverage would apply to the damage caused by the water , but not for the replacement of your boiler . Remember that if any coverage would apply , the settlement would be subject to your policy deductible .


Input: Who Should Be The Owner Of A Life Insurance Policy?

Output: The owner of the life insurance policy makes decisions about the policy , such as who should be the beneficiary , how payments are made , and whether or not the policy is to be continued . So if you want ultimate control over your own policy , you should own the policy yourself . If you have a very large estate and your life insurance proceeds would put it over the exemption for federal estate taxes , you can not have any incidences of ownership in your policy for at least three years before death .


Input: Who Should Be The Owner Of A Life Insurance Policy?

Output: Who should be the owner of a life insurance policy ? It 's going to depend on the situation and the need . Most people could and should be the owners of their own policies . There are sitautions where the spouse should own the policy . One thing to remember is the `` owner '' makes all the policy decisions on the policy . The insured is just the insured . The other situation where ownership is important is when estate taxes are the issue , then an insurance trust may be the best solution .


Input: If you have a child rider on your life insurance policy and the baby is born deceased at 27 weeks is there any coverage?

Output: I am sorry for your loss . Words can not say enough to provide comfort . Unfortunately , child riders will only cover children which are born alive . Life Insurance companies do not recognize `` life '' until it is born . Which means there was no coverage on the baby which was stillborn . I hope you have a great support system to help you through these difficult times .


Input: What Is Viatical Life Insurance?

Output: The viatical concept is the buying of life insurance policies from the terminally ill . The market grew out of the AIDS epidemic in the 1980s . The policy-owner transfers ownership of the policy to an entity which pays cash for the policy . The cash is often useful to help with medical bills which can be large for end of life care . The value of the policy is likely greater than its cash surrender value but less than its death benefit . The entity makes a profit on the difference between the sale price and the death benefit they collect when the insured dies . The viatical market evolved into what is now called life settlements where the policies being sold are no longer just involving the terminally ill but also include seniors who have unwanted life insurance policies and desire to get something more than the cash surrender value for them . The financial crisis and miscalculation of life expectancy within the life settlement business caused the investor frenzy of the time to cool sharply several years ago making the transactions less popular today though still viable under idea conditions .


Input: What Is Viatical Life Insurance?

Output: There is actually not a type of life insurance call Viatical Life Insurance , but life insurance is purchased from the policy owner as part of a `` viatical settlement '' , or `` life settlement '' . In order to sell one 's policy as part of a viatical settlement , the policy must have cash value and the insured person must have a decreased life expectancy . The purpose is to provide the insured with cash while still alive , while the entities who are buying the policy are banking on making more from the death benefit than what they paid for the policy . Most new cash value policies now ask whether the policy is being taken out for the purpose of being sold , because this defeats and misrepresents the purpose of life insurance . For those with existing policies who find themselves with a severe or terminal illness , and insurance rich and cash poor , a viatical might be a benefit . But you must be very careful and look at every angle before going down that road .


Input: Why Should I Have A Life Insurance Policy?

Output: You should have a life insurance policy if there is someone in your life who would be hurt financially by your death , or if you want to make things easier for those who are left behind . You can also use life insurance to give to charity , pass an estate on to your descendants , or create a way for a business partner or family member to carry on your business . There are so many reasons to have life insurance . Some are personal , some are practical . It might help to envision you as being the recipient of someone else 's life insurance benefit , in order to visualize how having a policy on yourself might be of benefit to others .


Input: Can Medicare Be Used Overseas?

Output: Medicare can be used anywhere in the United States as well as the USVI -LRB- Virgin Islands -RRB- . Guam and Puerto Rico . When you travel outside the US some Medicare supplement policies will provide coverage up to $ 50,000 for medical emergencies . It is advisable to have an international medical insurance policy when you leave the US .


Input: Does Renters Insurance Cover Items In A Storage Unit?

Output: This can be a little confusing as property stored offpremisesover 30 days is reduced to 10 % of it 's limit . However thisrefersto storing at such places like a parents or neighbors house for example . A storage unit is a different matter . Since you signing into a contract to rent a unit the unit is considered anextensionof your home and your items are fully covered . I strongly suggest you consult with your agent on the specifics of your particular policy as all polices are notnecessarilycreated equal .


Input: Who Oversees Life Insurance Companies?

Output: There are a few entities that regulate life insurance companies . The first is the federal agency Financial Services Authority or FSA which oversees all financial institutions including insurance companies . Next would be each individual states Department of Insurance who decides if a particular life insurance company is allowed to do business in their state and how they do business in their state . The last entity would be the federal Securities and Exchange Commission or SEC for publically traded companies .


Input: Who Oversees Life Insurance Companies?

Output: States oversee life insurance companies and products through insurance commissioners in their own states . These commissioners generally follow standards set by the NAIC -LRB- National Association of Insurance Commissioners -RRB- . There is little federal regulation of life insurance companies in the United States , although that is an ongoing tug of war .


Input: Why Do We Need Long Term Care Insurance?

Output: Most Americans will spend $ 250,000 in medical bills during retirement ; some of that cost is assisted living and nursing home care . The government does have facilities for those who can not afford to pay for private nursing home care . You should visit a couple facilities and determine if your lifestyle fits the governments idea of care . That may inspire you to pay for long term care insurance .


Input: What Medicare Supplement Is Best?

Output: The best Medicare supplement plan is something you will have to decide on your own . Medicare supplement plans are standardized . Medicare supplement plans are assigned a letter from A to N and each plan has specific benefits as set by Medicare . Plan F is the most popular plan . All plan F 's are identical in every way except for price . Over 90 % of my clients want value and pick a plan OTHER THAN plan F . You should pick a plan that fits your needs and budget .


Input: What Medicare Supplement Is Best?

Output: There are so many new companies trying to break into the medicare supplement business and they usually chase the market with lower premiums . How long will they keep the premiums low is anybody 's guess . Just within the last two years I have seen companies throw in the towel and have exited the market . Do you want a company that has been in the market for a number of years or are you willing to assume that a new company will stay the course ?


Input: What Medicare Supplement Is Best?

Output: Medicare supplement plans are standardized by the federal government . The only difference between Plan F with one company and Plan F with another is the monthly premiums you pay . So , when shopping make sure you are not over paying for the exact same benefits . Most people like Plan F because it covers the 20 % Medicare approved treatment does n't , with NO co-pays or deductibles . If you are looking to save money and still have great coverage then Plan G is great , because the savings more than offsets the small annual deductible it does n't cover , usually . The best plan is based on your situation , but with a little information , and knowledge the choices become pretty easy . Especially , if you work with an agent who works with all the companies for your area .


Input: What Medicare Supplement Is Best?

Output: You are the only one that can answer that question . Choose your Medicare supplement coverage based on your needs and budget . If you want $ 0 out of pocket for approved Medicare Part A and Part B expenses , buy Medigap plan F . If you are looking for value and willing to assume some risk , consider other plans .


Input: Can A Spouse Cancel Health Insurance Before A Divorce?

Output: Can a spouse cancel health insurance prior to a divorce ? Well they can try . A smart HR person takes all requests in writing and in a case where a spouse is being dropped , a second signature is often required as the employer seeks to be held harmless when something like this occurs . So it is possible , but it can also be reversed by the court if the court feels it is necessary .


Input: Does Getting Auto Insurance Quotes Affect Your Credit Score?

Output: It is typically called a soft hit on your credit score and it should not effect your score . For example if you are buying a house and your mortgage broker runs your credit score he would n't be able to tell if you were getting quotes for your new home or not by looking at your credit report .


Input: Does Getting Auto Insurance Quotes Affect Your Credit Score?

Output: Great Qutestion . It depends on the insurance compay some companies check whats called an insurance score and they do a soft hit on your creidt and place value on that score . The better your insurance score the better your rate will be on your insurance policy . always check with your current company for more detail .


Input: Does Getting Auto Insurance Quotes Affect Your Credit Score?

Output: No ... or at least it should n't . If you were to pull your credit report after shopping for auto insurance , you would see a handful of `` Credit Inquries '' . Carriers and quoting agents to not actually pull a credit report on those seking a quote , merely make an inquiry -LRB- at least that iswhat the carriers to us agents -RRB- . From what we are told , these types of inquries should not effect your credit score like the reports pulled when applying for a loan or credit card .


Input: How To Set Up Life Insurance?

Output: It all starts with a conversation with a life insurance professional who can explain the process , educate you on what 's possible , engage in fact finding to perform a needs analysis to customize a plan for you and your family . Normally , a formal application for life insurance , which answers questions the insurer needs from you is a key step and consent is given with signatures by the owner and proposed insured . In it you indicate policy owner , insured -LRB- who may also be the owner -RRB- , beneficiary and other instructions . A paramedical exam will be scheduled where vitals , blood and urine and medical history will be collected from you . The life insurer uses all the information collected to underwrite the policy . An offer will be made through the life insurance professional which you may accept . A policy is delivered to you after payment is made -LRB- sometimes not on delivery but at time of application -RRB- . The policy will be in effect at that point .


Input: Is Universal Life Insurance Bad?

Output: There are many past universal life policy holders who consider it to be bad because they have been burned by universal life . Most often , this occurred because the projected interest rate for the policy was unrealistically high . This caused their policies to lapse much sooner than expected . Since then , some universal life policies now offer a guaranteed minimum interest rate and maximum COI -LRB- cost of insurance -RRB- . However long your policy is shown to last with those variables is how long your policy is guaranteed to not lapse . In my opinion , universal life insurance is not bad as long as consumers understand the guarantees , or lack thereof .


Input: Is Universal Life Insurance Bad?

Output: Universal life insurance is n't ` bad ' but it is sometimes not used properly . Unlike traditional whole life and simple term policies which have a set payment and benefit amount , universal life offers much more flexibility . With this flexibility comes responsibility . Certain policies and premiums are only guaranteed to a certain age and sometimes people will not make the full payments . This can lead to shortages and problems down the road . This is one of the many reasons you should be 100 % upfront with your agent about what your goals are . There are several situations where a universal policy is the BEST choice for a particular client , but there are many when it is not . `` My friend/coworker/brother just got a universal life policy and I want one , too '' . No . Let 's not start building the roof and add the walls later ... Let 's start from the beginning and figure out what you 're REALLY looking for this policy to do . After that , we can go from there .


Input: Do I Need Optional Insurance When Renting A Car?

Output: If you want to properly protect yourself then yes . Your regular auto insurance will typically extend your liability coverage to any vehicle that you driving . It will not however provide any physical damage coverage for the rented vehicle . The optional insurance will typically provide some physical damage coverage and also coverage for the rental company 's lost revenues and other expenses that you would be responsible for if the vehicle was damaged and you did not have the coverage .


Input: Is Long Term Care Insurance The Same As Long Term Disability?

Output: Nope . Long-term care insurance provides financial protection against the cost of having assistance with your daily life . For example , someone living in an assisted living facility or a nursing home has long-term care that is needed because without the assistance of others , they would not be able to live comfortably and would face difficulty getting around and taking care of themselves . Long-term care is typically most utilized by elder and retired persons . Long-term disability insurance refers to providing an income to you in the event you develop a disability that inhibits your ability to work in your field -LRB- make sure to check the definition of disability in your policy to see what qualifies as a disability - this can vary by company -RRB- . For example , if you 're a surgeon and develop a condition that affects your ability to perform surgery , that condition would affect your ability to earn an income in your field . To protect against the loss of income , a long-term disability policy would provide an income to you while you recover or transition to another occupation - again , this is where the `` definition of disability '' is critical . If you need assistance with your coverage , please feel free to send me an e-mail via the contact me button or give me a call . I 'm happy to help and there are no fees for my assistance . I hope the information is helpful - thanks very much .


Input: Is Long Term Care Insurance The Same As Long Term Disability?

Output: Is long term disability insurance like long term care ? Well , yes and no . If you were to become disabled during your working years you could use your long term disability coverage to pay for your care needs as long as the policy lasted . But long term disability is meant to cover your working years and most wo n't beyond 65 or in some cases 70 . Long term care insurance is meant specifically for care situations and is not based on your working years or income loss to do illness or disability .


Input: Is Long Term Care Insurance The Same As Long Term Disability?

Output: No , they are two different solutions to two different problems . Long Term Care Insurance protects you when you get sick and can no longer care for yourself . It helps pay the cost of Nursing Home , Assisted Living , or Home Healthcare . These costs can be devastating to a person and the legacy he or she wants to leave behind . Long Term Disability protects a persons income should that person become disabled for a long period of time . These policies are generally used by working individuals and business owners , whereas Long Term Care is typically utilized by older adults .


Input: Is Long Term Care Insurance The Same As Long Term Disability?

Output: Long term care insurance and long term disability insurance are separate and different products to solve two different types of problems . Long term disability insurance should be purchased when starting your career . These policies protect your income by paying you the policyholder up to 70 % of your monthly income if you are ever injured or ill to a point where you are no longer able to work at your current occupation which you have been educated and trained to do . Long term care insurance should be purchased later in life usually 50s or 60s . These policies are designed to pay for help in your golden years . They usually start when a person can no longer take care of themselves at home . These policies progress with the patient from home care to assisted living to finally a nursing home . This allows a person to be cared for without liquidating their entire estate and be able to leave their estate to their loved ones .


Input: Why Renters Need Insurance?

Output: This question , in varying forms , I find to be pretty popular . The short answer is that unless your landlord or building owner requires you to have it as a condition of the lease agreement , then you do n't . Now , that having been said , why would you not want to have it to protect yourself and your personal property that you have worked and struggled so hard to obtain ? Ask yourself these questions : Do I have $ 50,000 in the bank that would help me to buy all new stuff if I came home and found that everything I owned burned while I was at work ? If not , would it make more sense to buy that protection for say only $ 250.00 ? Up to you .


Input: Why Renters Need Insurance?

Output: That is a great question ! Why would you need renters insurance ? The answer is simple , to protect the investment that you have in your belongings , and to provide protection against lawsuits from someone who may be injured while in your home . The landlords insurance will not cover you ; if something were to happen you are liable for the expense of replacing everything that is lost . That is a great reason for having insurance , especially since it is relatively inexpensive . Thanks for asking !


Input: Is my driveway covered if the city cut through it to fix fix their water leak?

Output: This one can get a little tricky . Usually pipes from house to street are the responsibility of the homeowner so if the city was kind enough to fix a leak on your actual property then you saved yourself a ton of money by not having to fix it yourself which is usually the responsibility of the homeowner . Since there is no damage to the dwelling there would be no coverage from your homeowners policy unless you had service line coverage on your policy . Most insurance providers do not offer this coverage . If the city was being nice they may patch the hole they dug . If the problem is off your property line then the city will have to fix or patch what the city dug out .


Input: What Do Employers Pay For Health Insurance?

Output: That is a great question ! The rates paid by an employer will depend on a couple of things . The size of the workforce to be covered , the type of benefit plans to be offered , and the healthiness of the workers for example . A workplace where many claims are filed will pay more than one where few claims are filed , and a company that offers only a bare bones plan will pay less than one that offers several tiers or options in their plans . Regardless , they will pay a lot , Group plans can be expensive . If you have more questions , contact me , I 'm happy to help . Thanks for asking !


Input: What Do Employers Pay For Health Insurance?

Output: Employers often subsidize group health insurance premiums -LRB- Not always -RRB- so employees have access to quality benefits at affordable rate . The actual amount they pay will depend on the size of the group , amount of employees participating in the plan , type of benefits offered and some other factors . The end result is that employers who offer group benefits pay a lot for it . Group health insurance is expensive and costs continue to tick upward .


Input: Do Annuities Go Through Probate?

Output: Always consult a probate attorney before assuming what assets bypass or go through probate . For the most part non-qualified annuities should by pass probate . The state of residence may have differing rules of engagement on their proprietary probate procedures . Keep in mind that the annuity may be owner driven or annuitant driven , which can dictate the how the annuity is processed through probate .


Input: What Is The Best And Cheap Health Insurance?

Output: As with most everything in life , the best and the cheapest are rarely the same thing and you do tend to get what you pay for . The cheapest health insurance that meets the requirements under ObamaCare will have a very high deductible and have you paying for all health care services -LRB- except preventive care -RRB- out of your pocket until you have met that deductible that may be $ 6000 or more . If you never use any health care during the year then this would meet your criteria for being the cheapest and perhaps the best . The best heath insurance plans that meet the requirements under ObamaCare will provide you with reasonable copayments , a low deductible and relatively low out-of-pocket maximum financial exposure -LRB- maybe as low as several hundred or a thousand dollars -RRB- . However , these plans will have a significantly higher monthly premium . The true answer to your question is unique to each individual . You would be well served to seek out the services of an experienced health insurance agent who can help you define your needs and budget and then find the best health insurance plan -LRB- either in the government marketplaces or outside them -RRB- that fits your needs .


Input: Does Progressive Insurance Offer Renters Insurance?

Output: Yes they do but most agents ca n't issue it in many states . However you can get it online and still keep your auto with an agent and still get the multipolicy discount . I just suggested to one of our clients to do this and it had her auto policy lowered160 .00 for 6 months just by getting the renters policy . Renters insurance is fairly inexpensive and well worth it many cases your auto lowers so much that it is almost like getting your renters policy for free Talk to your local agent they can help you .


Input: Does Life Insurance Cover Dying Of Old Age?

Output: Once a fully underwritten life insurance policy is past the contestability period with no policy exemptions , it will pay proceeds on the death of the insured , cause of death notwithstanding . Old age is somewhat esoteric in these days of living to age 100 , but `` dying of old age '' may be defined as any age at death past actuarial life expectancy .


Input: Does Life Insurance Cover Dying Of Old Age?

Output: With traditional life insurance -LRB- NOT accidental death and dismemberment insurance -RRB- , the policy will cover dying of old age . Of course , the life insurance policy must be in effect at the time of death , which necessitates that it does not lapse or become cost prohibitive before reaching one 's advanced years . Here are some tips on obtaining coverage that will pay in old age . WEBSITELINK


Input: How Much Will Obamacare Cut From Medicare?

Output: Obamacare reduces funding for Medicare by more than $ 700 billion between now and 2020 . This reduced funding will result in lower reimbursement for providers who may limit the number of Medicare patients they are willing to treat . Reduced funding means fewer Medicare Advantage choices . Medicare beneficiaries will also see higher premiums , higher deductibles and copay 's and higher out of pocket .


Input: How To Obtain Homeowners Insurance?

Output: Start by contacting a trusted insurance agent . If you havent an agent , get a recommendation from friends , colleagues or neighbors . The agent should listen to you , provide sound financial advice and communicate clearly with you and the company . The most important task for you and the agent is the selection of appropriate limits . At the time of claim , the premiums paid will become inconsequential . Get the right coverage , get the highest liability limits . Make sure you know about optional coverages as they may coverage an area of vulnerability .


Input: How To Obtain Homeowners Insurance?

Output: Talk to your Insurance Professional , that is always the best place to start . You will need to let them know the location of the property as well as any specifics about that property that you have . They will need detailed information and may also arrange to to a site inspection in order to complete a Reconstruction Analysis in order to recommend the proper amount of coverage . Once they present you with a recommendation , you can and should discuss any additions or changes that would best suit your needs , decide on a deductible , and agree upon a price . Your agent will then need to know about your mortgage company , and their specific `` mortgagee clause '' for inclusion in your policy . You then sign the application , pay the initial premium and you are done . In most cases you will be able to walk out with a completed Homeowners Declaration Sheet or at least a coverage binder and receipt of payment .


Input: How Often Will Medicare Pay For A Glucose Monitor?

Output: Glucose meters -LRB- blood sugar monitors -RRB- are covered by Medicare Part B as a type of durable medical equipment -LRB- DME -RRB- when your doctor prescribes for use in the home . The company that makes the device is not going to change whether or not it 's covered under Part B. Medicare Part B covers approximately 80 % of the cost and you 're responsible for the other 20 % . A Medicare supplement -LRB- Medigap -RRB- plan can help pay your portion of the cost of the blood sugar monitor .


Input: How Much Insurance Do You Need On A Home?

Output: For many this amount is determined in part by the mortgage company . You need sufficient coverage to satisfy your lender . In California the lender can not ask for more than the amount necessary to replace the residence . That calculation can be done in the office of an insurance agent . You might find that the amount to rebuild differs from the purchase price but that is because the purchase price is influenced by market pressure where costs of repair remain rather stable .


Input: Can I Put My Brother On My Health Insurance?

Output: Health insurance can only cover yourself and immediate family members such as spouse and children . Unless your brother is a legal dependent residing in your household , he would have to have his own plan . This would be very unusual and the company would require documentation . You can choose to help him pay his premium if affordability is an issue .