Input: What Is The Cost Of Nursing Home Insurance?

Output: The cost of nursing home insurance can range from $ 30/month to over $ 400/month . The age at which you apply , your health and tobacco status , the elimination period and length of coverage chosen , the dollar benefit , and the features and riders all enter into the cost of the policy . Contact a long term care insurance broker to find what nursing home insurance would cost for you .


Input: What Is The Cost Of Nursing Home Insurance?

Output: Long term care insurance -LRB- nursing home -RRB- costs have several factors . Among them are the state you live or more accurately the state you ' ll retire in . The cost of nursing home care from state to state and facility to facility can be significant . Your own personal information can affect the premium life gender , age , smoking status , health history and your current medical consideration . You can save money via a multiple life discount between spouses . And keep in mind that there are extra riders like inflation to consider . All and all too many variables to estimate the cost of nursing home care .


Input: Does New York Life Offer Health Insurance Policies?

Output: No , they do not . New York Life Insurance is not in the health insurance business . New York Life Insurance focuses on life and disability insurance , long-term care insurance , annuities and retirement planning as well financial services . They have a long and distinguished history but are not a health insurance resource .


Input: What Is A 403 B Retirement Plan?

Output: 403 -LRB- b -RRB- Plan EmployerInformation - What is a 403 -LRB- b -RRB- plan ? Its a great benefit to both your employees and you!A 403 -LRB- b -RRB- plan is a tax-deferred plan that can be set up forany public school , university , college or non-profit 501 -LRB- c -RRB- -LRB- 3 -RRB- organization . Generally , any employee may participate as away to invest for retirement . A 403 -LRB- b -RRB- plan benefits more than just your employeesIt benefits your organization . Help reward and retain loyal employees while attractingnew , well-qualified ones . Maintain a positive work environment and enhance yourreputation as a progressive , caring organization , with littlecost to you . It benefits you in your goal to prepare for yourown retirement . You will have a high-quality plan to build a supplementaryretirement income while saving on taxes today . You have the ability to choose from a wide variety ofinvestment options to fit your goals . How does a 403 -LRB- b -RRB- plan work ? Contributions - You and your employees can contribute money on a pre-taxbasis . This means you can afford to contribute more than ifyou put money aside after taxes were deducted . And , unlike ataxable investment , earnings on the account compound taxfree until the money is withdrawn . Then both contributionsand earnings will be treated as taxable income . A pre-taxcontribution of up to $ 17,500 may be made in 2013 . Forthose 50 and older , a catch-up contribution of $ 5,500 maybe made . Additional catch-up contributions may be madeby those with at least 15 years of service with a qualifiedemployer . These limits may increase in future years.You may be able to contribute to a 457 -LRB- b -RRB- Governmentalplan as well , and double your contributions . For example , in2013 , the maximum contribution to a 457 -LRB- b -RRB- Governmentalplan is normally $ 17,500 . That can be combined with the403 -LRB- b -RRB- plan normal contribution limit of $ 17,500 for a totalof $ 35,000 invested tax deferred . Catch-up contributions canincrease this combined limit even more . Employer match You may choose to have a plan available for just youremployees to easily contribute money for their retirement.Or , you can go a step further and offer additionalcontributions where you match all or a part of employeecontributions . The plan does not require an employer match , but its a great way to encourage participation and is apowerful tool in attracting and retaining employees . If youchoose to make matching contributions , they do not counttoward the 403 -LRB- b -RRB- plan limits on employee contributions . Roth option - You may choose to offer a Roth 403 -LRB- b -RRB- option . Under aRoth option , employee contributions are made on an aftertax basis . However , a distribution from a Roth 403 -LRB- b -RRB- TSAaccount is completely free of federal income tax if it meetsboth of the following requirements : It is made after the end of the five year period that beginswith the year that the employee made his or her first Roth403 -LRB- b -RRB- TSA contribution to your plan . It is made after the employee reaches age 59 , becomesdisabled or dies . Access to account balances-You can select a time period for employees to become fullyvested in the employer-matching portion of the 403 -LRB- b -RRB- plan.Note that employee contributions are always 100 % vested.Distributions can be made only when participants severemployment , reach age 59 , become permanently disabledor experience financial hardship , or are a reservist called toactive duty for 180 days or more or for an indefinite period.The employer plan may impose additional restrictions . Unless the distributions are rolled over to an eligibleretirement plan , they will be taxed as ordinary income.Distributions before age 59 may also be subject to an IRS10 % penalty tax . Distributions attributable to employercontributions are only allowed on severance of employmentor occurrence of another event as provided by the plan .


Input: What Is A 403 B Retirement Plan?

Output: 403 -LRB- b -RRB- plans were once referred to as tax-sheltered annuities , but 403 -LRB- b -RRB- s expanded beyond annuity products into other investments decades ago . A 403 -LRB- b -RRB- plan is a retirement savings plan for public schools and certain 501 -LRB- c -RRB- -LRB- 3 -RRB- nonprofit organizations. , hospital coops and self-employed ministers .


Input: Can I Add My Nanny To My Health Insurance?

Output: Assuming you have an individual health insurance plan , you can not add your nanny . You can only include your spouse and children . However , you could purchase a separate policy for your nanny . That having been said , we are now outside of open enrollment , so your nanny may have to wait until Nov 15th , when open enrollment begins again .


Input: What Does Disability Insurance Pay?

Output: Individual Disability Insurance pays a stated benefit for a stated period according to the policy . If you have a long term disability policy with maximum benefits , it will more than likely pay the benefit to age either one of two ways : 60 % of your compensation tax free -LRB- because you did n't deduct the premiums -RRB- and 80 % of your compensation taxable because you deducted the premium .


Input: What Happens To Annuities When You Die?

Output: An annuity is a contract . If the company is holding money for a deferred time , that money is subject to the beneficiary provisions in the annuity . As long as there is a living beneficiary or trust , the money will be paid to them . If there isnt a living beneficiary or trust to receive the money the proceeds will be included in the estate and distributed by will or law . If the annuity is paying benefits , the selected benefit will direct who would receive remaining or continued payments .


Input: What Happens To Annuities When You Die?

Output: This depends on the type of Annuity . Most all Annuities have a Beneficiary Designation which names an individual that you wish the proceeds to pass to . They will pass to the Beneficiary free of probate . A Deferred Annuity will always have a named beneficiary . An Immediate Annuity sometimes might not . But most immediate Annuities have Death Benefit Options that allow for the funds -LRB- or part of them -RRB- to pass to an individual .


Input: Does Health Insurance Increase With Age?

Output: Yes , what people pay for their health insurance increases as they get older . The reason for this is that as you get older , the average person typically needs/uses more health care resources . For example , when you 're young and healthy , most people only go see the doctor when they have an injury . When you 're in your 50 's and 60 's , the body changes and needs more maintenance and observation . Older persons generally go to the doctor on a routine basis every year .


Input: What Does Cash Value Of Life Insurance Mean?

Output: Cash Value Life Insurance simply means a policy which is designed to grow any monies your put in , after covering the costs of insurance and internal expenses , providing a cash value when interest rates are strong . Keep in mind for these policies give you the most opportunity for growth , you have to fund them properly . In other words , do not minimally fund these type of policies and expect to earn or see any cash value available .


Input: What Does Cash Value Of Life Insurance Mean?

Output: The cash value is the portion of whole life insurance that has built up so far in your cash account . Think of it like money in the bank . The way whole-life is designed , it has a level premium for the length of the policy or until it is paid off . What 's really happening is as the cash account grows , the actual insured amount reduces by the same amount . You become more and more self-insured each year . If you buy $ 100,000 whole-life policy , in the begining your insured amount is $ 100,000 and your cash value is zero . Many years later your cash value is $ 40,000 and the insured amount is $ 60,000 for a total death benefit of $ 100,000 . Several more years later your cash value is $ 90,000 and the Insured amount is $ 10,000 for a death benefit of $ 100,000 If you live to age that the policy endows -LRB- usually age 95 or 100 on older policies and age 121 on newer ones -RRB- the cash value is $ 100,000 and the insured amount is zero . You are now self insured . You can use the cash value while you are living by taking policy loans which are actually loans against the cash build up in your policy not actually withdrawals from the policy or you can cash surrender the policy and walk away with the cash . If you have a participating policy that pays dividends , you can have additional cash value and death benefit build up from that .


Input: How Does Life Insurance Differ From Other Insurance?

Output: In some ways life insurance is similar to every other type of insurance in that life insurance is a pooling of risk among a large number of people who want to transfer a large risk -LRB- economic loss of dying -RRB- in trade for a small premium . One thing unique to life insurance is that the risk it insures only happens once - death . Most other types of insurance insure events that could happen multiple times , such as accidents , fires , disabilities , etc. .


Input: How Does Life Insurance Differ From Other Insurance?

Output: Since your question was `` How does life insurance DIFFER from other types of insurance '' I 'll focus on that rather than how it 's similar to other types of insurance . Of course there 's different types of life insurance , so the differences will not always be the same . Health , car and sometimes liability insurances usually have a deductible or a co-pay - life insurance does not . in the case of permanent life insurances it will grow a cash value that may be accessed by the owner , and this cash value growth is tax-free . No other insurance has this feature . With whole life insurance you may stop paying premiums at some point and still continue to have the insurance ! No other insurance offers that either as far as I know . I 'm sure there are other differences but would need to compare to specific insurance products to see what they are . Interesting question ! Hope this helps !


Input: How Does Life Insurance Differ From Other Insurance?

Output: Life insurance pays a death claim when you die . Car insurance pays a claim when your car is wrecked or stolen . Home owners insurance pays a claim if your home is damaged or for certain personal liabilities . Health insurance pays doctors and or hospitals when you incurr health care expenses . They are all similar but designed to do different things .


Input: How Does Life Insurance Differ From Other Insurance?

Output: Life insurance pays the death benefit to the beneficiary upon the death of the insured person . In contrast , most other insurances -LRB- health , disability , long term care , property -RRB- pay while the person is still alive . When life insurance is permanent , it can also pay while the insured person is still alive , after a set period of time . Then , unlike the the other insurances , it pays regardless of whether there is an event to trigger payment or not .


Input: How Does Life Insurance Differ From Other Insurance?

Output: Life insurance is the same as other insurance in that they are based on the idea of pooling a risk . However , other insurance policies are contracts of indemnity . They are insuring against something that might happen . Human mortality is stuck at 100 % . As a result to finance the expense of the death benefit when the insureds risk increases every year causes the companies to provide insurance with cash value . That cash value offsets the increasing costs . Other forms of insurance merely expire .


Input: What Is A 20 Year Term Life Insurance Policy?

Output: A twenty year term life insurance policy is a life insurance policy will remain in effect for twenty years from the issue date if the insured does not pass away before the end of the twenty year term . Term life insurance policies are typically lower cost than other types of life insurance policies but are only active for a set period of time .


Input: What Is A 20 Year Term Life Insurance Policy?

Output: A 20 year term life insurance policy usually : 1 -RRB- has a set premium for 20 years , 2 -RRB- has a set death benefit for 20 years , 3 -RRB- has no cash value , and 4 -RRB- will only pay the death benefit if the insured person passes away during that 20 year term .


Input: How Liquid Is A Mutual Fund?

Output: A mutual fund is very liquid , you can usually cash out with a phone call . Now if you mean by liquidity what is the cost to do so , that is different . A front loaded mutual fund has no redemption costs normally as you have already paid the costs up front . Those costs are not returnable . A rear loaded mutual fund puts 100 % of you funds into the investment , but if you redeem early -LRB- as in 5-10 years depending on the fund -RRB- you will pay some sort of cost to redeem . The exception to this would be the money market mutual fund as many of that type of mutual fund actually offer the ability to write checks from the account . Basically if you are worried about how liquid a mutual fund is , you should probably not be there . As with most investments , the plan should be long term . There are other places to place short term money .


Input: How Liquid Is A Mutual Fund?

Output: Mutual funds can be used for a margin loan - up to 50 % loaned to you in exchange for the entire value of the mutual fund or portfolio . If the mutual fund value drops below 50 % when you max out your margin loan , the loan can be `` called '' by the financial institution . You have about 10 days to make up the difference , pay the margin loan back or give up whatever value of the mutual fund you need to make the loan balance whole . If liquidity is what you need , you might want to get versed in the ways of leveraged cash value whole life insurance . It is much easier to create liquidity in these types of contracts and you do n't have to pay anything back in a structured loan agreement .


Input: Who Is Qualified For Medicare Part D?

Output: All Medicare beneficiaries are qualified to Medicare Part D . You must have Medicare Part A and SHOULD have Part B but Part B is not required . Medicare Part D plans are available from private insurance carriers . Plans vary considerably by zip code . Check your medications against the plan drug formulary .


Input: Does Medicare Cover Breast Ultrasounds?

Output: Ultrasounds are covered under Medicare . If they 're completed as an inpatient in a hospital , it would be covered by Part A . If they 're completed on an outpatient basis , it would be covered under Part B. Medicare typically pays for about 80 % of the expenses - you would be responsible for paying the other 20 % . A Medicare supplement policy can help pay the remaining 20 % .


Input: What Is Employee Life Insurance Benefit?

Output: Employers purchase group life insurance as an employee benefit for usually no cost to the employee . The face amount is usually under $ 50,000 and varies by employee level , i.e. labor versus management . The employee can then add to the face amount by paying additional premiums usually deducted from their pay . This is a nice benefit , however I caution not to rely on it solely . This life insurance is lost at the lose of the job whether voluntary or involuntary . Always purchase your own life insurance to protect your insurability and use employee group coverage as supplemental .


Input: What Causes Homeowners Insurance To Increase?

Output: There are several factors that could cause the premium for your homeowners insurance to go up . Some of those factors are : inflation , claims on your property , claims history within your area , changes in your credit score , any improvement or changes made to the property , and many other factors . Contact your local agent to discuss any changes in the pricing of your homeowners policy .


Input: Does Humana Offer Life Insurance?

Output: Yes they do . I can not think a good reason I would sell them to a client . There are so many more products sold by insurance companies that specialize in Life insurance . More competitive rates and more benefit options . This is in no way a knock on Humana . Like most companies they have their place . Life Insurance is just not one of them .


Input: Does Humana Offer Life Insurance?

Output: Yes , they have life insurance . They are mainly focused on health insurance and Medicare Advantage . But they do have a few different life insurance plans available . The best way to buy life insurance is to select by rates , features and underwriting rather than just randomly picking a brand of insurance .


Input: Does Humana Offer Life Insurance?

Output: Humana is a health insurance company that offers individual and group health insurance . Humana also offers supplemental life insurance for individuals and groups . For individuals , Humana offers a Junior Estate Builder for your children or grandchildren , and a Memorial Fund for people 45 - 80 to take care of final expenses . On the group insurance side , Humana offers supplemental term life insurance for employees or spouses and dependents .


Input: What Types Of Items Does Health Insurance Not Cover?

Output: To be specific about what health insurance does not cover , you would have to check your plan 's policy 's exclusions & limitations . However , if you 're asking a general question , I think the key term here is `` medically necessary '' . If your provider bills a service as medically necessary , then it would generally be covered . From a common sense standpoint , why would an insurance company cover something that 's not medically necessary . A good example of something that 's not medically necessary is cosmetic surgery .


Input: Does Homeowners Insurance Cover Power Surges?

Output: When the cause of the power surge is outside the residence , damage caused by that power surge is excluded from coverage in most homeowners policies . Most policies specifically exclude damage to tubes , transistors or similar electronic component . If the type of damage you have experienced is different , please contact your agent .


Input: Why Is Medicare An Entitlement Program?

Output: Technically , Medicare is not an entitlement program . Wage earners PRE-PAY for Medicare during their working lifetime . Thus for most , it is an earned program . Same for Social Security . Both plans are supposed to be pre-funded with reserves . Unfortunately , poor money management has left both programs under-funded and in danger


Input: Does Auto Insurance Pay Lost Wages?

Output: If you are injured as a result of an accident that was the fault of the other driver then you could be entitled to lost wages as part of the settlement . Your attorney would take this in consideration when making the settlement , depending on the nature of the injury and the circumstances involved .


Input: How To Choose A Retirement Plan?

Output: The cost of a Retirement Plan is the first consideration . Whatever investments you select , there will be an associated cost and the retirement plan will only add to it . So important to select the lowest cost plans with the highest contribution limits . If youre in a high tax bracket and/or your employer matches your contribution , youll want to consider an ERISA qualified plan . If ERISA qualified plans are too restrictive , you may want to consider non qualified plan that uses life insurance and/or annuities .


Input: Who Can Convert To A Roth IRA?

Output: If you have a traditional IRA , anyone can convert to a Roth IRA . He is the rub however , because the traditional IRA is tax-deferred and the ROTH IRA is pre-taxed , you will have to pay taxes on the amount you with to convert to the Roth . There may be strategies available which can help you to pay for that tax , through bonus which may be received on certain Fixed Indexed Annuities . If you are considering Converting a traditional IRA into a Roth , I recommend you call your adviser or reach out to me .


Input: Can You Contribute To More Than One Retirement Plan?

Output: Yes , you can contribute to more than one retirement plan , but you have to be mindful of the contribution limits . If , for example , you have two jobs and each of your employers offers a 401 -LRB- k -RRB- plan , you must be careful not to exceed the annual contribution limits . This year -LRB- 2013 -RRB- you can contribute a maximum of $ 17,500 to your 401 -LRB- k -RRB- . That 's the total amount you can contribute to all plans . You can split this contribution between your plans as you see fit -LRB- Hint : take advantage of your employer 's matching contribution -RRB- , but the total amount contributed to all plans must not exceed the contribution limit .


Input: Will My Health Insurance Be Taxed As Income?

Output: I think you 're asking if the Subsidy will be taxed as income and the answer is no , it will not . If you 're looking for help I would love to assist - the subsidy 's are fantastic if you qualify . I 've helped people who end up paying $ 0 for their insurance ! Sandy Callin , A&B Insurance/Florida Blue 727-512-9508


Input: Will My Health Insurance Be Taxed As Income?

Output: Will my health insurance be taxed as income ? At this point in time the answer is no , but that could change in the future . Health insurance is one of the few insurance items -LRB- and honestly I ca n't think of another -RRB- where the premium can be tax deductible and the benefit also tax free . This is another situation that government talks about every year , but so far no one has the political guts to support a change towards taxable premiums or taxable benefits .


Input: How Much Life Insurance Should One Have?

Output: This is one of the most commonly asked questions about life insurance . I agree with Larry that there is no specific answer . Most studies suggest many have no life insurance at all and of those who do , many are underinsured . We often meet with clients who have less than one times their current annual income . Insurance companies generally approve coverage amounts up to 25X income -LRB- under age 45 -RRB- . There are many calculators online which can help such as this one : WEBSITELINK But there is no substitute for an experienced life insurance professional who can help you plan to have the right amount based on need and budget and can adjust the plan over time to meet changing needs .


Input: How Much Life Insurance Should One Have?

Output: There really is n't a fixed answer to this question . I see life insurance as a want decision rather than a need decision . One should have an amount of insurance that replaces the amount of lost income they want to guarantee to their beneficiaries . Another approach would be to insure one 's human life value , which would be about as much as an insurance company would allow one to buy


Input: Can I Get Disability Insurance While Pregnant?

Output: Generally if your already pregnant the insurance company will make you wait until after the baby is born . No insurance company will insure someone knowing that there is a potential claim pending . Disability insurance does not fall under the Affordable Care Act guidelines for pre-existing conditions therefore there would be know coverage for your pregnancy .


Input: Can I Get Disability Insurance While Pregnant?

Output: Can you get disability insurance while pregnant ? Yes , you can . Will they cover the pregnancy and any complications with ? NOPE . Disability policies carry a pre-existing condition clause that allows them to turn down a claim for a condition that occurs prior to the application . So you could get a disability policy while pregnant , but everything connected to the pregnancy would not be covered .


Input: Does Renters Insurance Cover Food Spoilage?

Output: It really depends on the type of coverage you have ... most insurance carriers add food spoilage due to a covered loss by endorsement only . Under some comprehensive renter 's coverage , it could be added automatically . Contact your agent to see if the coverage exists . If you ca n't find an answer , send me a copy of your renters policy , and I will investigate ... my email is fwinterle@creativeins.net .


Input: Can I Take A Loan From My Life Insurance?

Output: Yes , you can take a loan from your life insurance if it has accumulated sufficient cash values to do so . Only Whole Life and Universal Life -LRB- or variations of those -RRB- accumulate cash value . To keep the policy intact , you must repay the loan with interest . Considering that you are borrowing the money from yourself and repaying yourself , taking a loan from your life insurance policy can be a great way to access cash when needed . Just be sure you understand all the in 's and out 's of taking out your loan .


Input: Can I Take A Loan From My Life Insurance?

Output: Permanent cash value life insurance policies accumulate tax deferred and have differing account crediting methods : dividends , interest rate , indice and separate sub accounts . Two policy provisions that effect borrowing are surrender charges and policy loans . Policy loans provisions have two sets of rates : current company practice and contractual as well differing methods of charging interest : zero net cost loans , wash loans , spread loans , direct recognition loans and participating loans .


Input: What Is The Most Ethical Health Insurance Company?

Output: That 's a tough one to gauge , because not all health insurers are in every state or every county of the states they are in . And most of the data that is compiled is based off of a limited range of surveying . But , to me , you grade a health insurer 's ethics on several factors : the number of people they serve , the number of complaints ruled against them -LRB- not # of filed , because most complaints that are filed are dropped due to consumer 's misrepresentation -RRB- , their financial stability rating to pay claims , and the strictness of underwriting guidelines and # of denied applications -LRB- though you wo n't have to worry about that for the most part starting Jan 1 , 2014 -RRB- . Those are most important , but you secondly should look at their quality of customer service , their rates , number and quality of providers in their network , and type of plan it is -LRB- HMO , PPO , POS , FFS , ACO , etc. -RRB- . It all depends on how each individual defines ethical . Because you might find a company most ethical because they have the best doctors and hospitals in your area , pay their claims fast , have the best customer claims and billing service , and have the lowest complaints . But to another they 're unethical because their rates are 23 % higher , they do n't cover them across state lines , and they would n't insure their wife because she has diabetes . So , it 's really what you value as ethical . But , the best way to find the best company for you , is to find a good local health insurance broker that represents all insurers in your area and ask them those questions . Because , they will know better than anyone which company is best for you and the most ethical because they have dealt with all aspects with most of them on a regular basis . Plus , having a broker or agent on your side , fighting for you on any wrongdoing by the insurance company , will help your case and make your life a whole lot easier and save you time ... You wo n't just be a policy # in a computer , we help you put a face and story to their considerations ! And , even if after a chat with the broker and them recommending some plans , do your own research on those plans . Here are some good resources to look up plans and companies in your area , and how they stack up . Your State Insurance Department is a good start : WEBSITELINK WEBSITELINK WEBSITELINK WEBSITELINK WEBSITELINK WEBSITELINK WEBSITELINK


Input: What Is The Most Ethical Health Insurance Company?

Output: In my personal experience , all the companies I have worked with want to provide a service for their clients and do it honestly . They try hard to be fair and sometimes I have seen them bend in favor of the client . I think what people hear are the few times someone has been `` wronged '' by the company . From my own personal experience in such a case , I can say that companies can not air their side of the story . With one company I used to work with , the company offered a fair offer to settle in a small kitchen fire . The client refused and wanted the entire house rebuilt . The client went public about how the company would was not making a good offer . Over a year later , the community realized how unreasonable the client was being and his support dwindled quickly . The company had no recourse . The agents had no recourse . They could not talk about the details due to privacy issues . Meanwhile , the client is making every effort he can to publically trash the company . There are some situations where the company has to go by what the contract states and there may be some situation where it may not feel `` right '' to the client , but the company has to honor the contract . With all that said , I would recommend working with a broker to help you find an insurance company and also help fight for you in those situations where you feel like you have been wronged . Having a broker who is familiar with the people in the company will help your case more than you can imagine .


Input: How Long For Renters Insurance To Take Effect?

Output: Renters Insurance will take effect immediately however if there is damage or you need to file a claim from an event which occurred BEFORE the policy went into effect , you will not be covered . Be sure to ask those specific questions from your agent so you know `` all the small print '' and rules on what constitutes a claim .


Input: How Long For Renters Insurance To Take Effect?

Output: So long as your Insurance Professional or direct provider has binding authority granted to them by the Insurance Carrier , coverage can begin immediately upon signing the application and paying the necessary premium deposit . If in addition to the blanket coverage you discussed you may need extended coverage for valuable items , this coverage may also by bound upon receipt of an appraisal .


Input: How To Determine How Much Renters Insurance To Get?

Output: The best place to start would be by adding up all of your belongings and add $ 5000 -LRB- as this will help account for future valuation of your personal items -RRB- . Liability coverage levels are strictly up to the individual most company 's start at $ 100000 . Another consideration is if you have a renters and auto policy with the same company look into an umbrella policy which could provide up to 1000000 additional liability coverage . Contact your local agent to find out what is available in your area and the cost associated with it .


Input: Can You Change Health Insurance Companies Mid Policy?

Output: I will presume that your question refers to individual health insurance coverage . Now that we are into 2014 and the Affordable Care Act -LRB- ObamaCare -RRB- provisions for individual and small group health insurance are fully in effect your freedom of movement as a health insurance buyer is rather severely restricted . Outside of the new annual open enrollment period changing your health insurance carrier in mid-policy year is only allowed under limited circumstances . Change of life status events -LRB- which I have addressed in previous questions on that topic - please see my past answer history -RRB- , financial failure of the health insurance carrier you selected , or defrauding the consumer are virtually the only ways a person can change insurance carriers mid-stream . So , if you got on HealthCare.Gov during the last open enrollment period , purchased a health insurance plan because you liked the monthly premium but did n't bother to do your research and learn that your doctor 's , hospital or pharmacies are n't in-network providers then this is a classic example of `` Let The Buyer Beware '' and you will have to live with your choice until next year 's open enrollment when you can switch carriers . This is why the individual health insurance consumer should seek out the services of a qualified health insurance agent who can explain all the subtle details in today 's health insurance plans that the average consumer could quite possibly miss .


Input: How To Get Life Insurance On My Husband?

Output: Securing coverage on your husband is like securing coverage on anyone else - you must have an insurable interest to buy a policy on another life as well as their consent to take out a life insurance policy on them . From there , there 's different types of programs to consider -LRB- term vs. universal vs. whole life and whether you 're ok with taking an exam or are strictly against it - you 're generally paying much higher rates with non-medical policies and the face amounts under a single policy are going to be limited -RRB- The risk class your husbandqualifiesfor determines the final premiums that you 'll pay -LRB- in addition to his age and if he uses any tobacco products -RRB- - please note , the risk class from company ABC may not be the same risk class he gets from company XYZ . Every company has their own underwriting guidelines and views risk on medical histories differently . I recommend consulting with a knowledgeable independent agent who can shop the case for you and review multiple carriers ' programs as well as complete a life insurance needs analysis -LRB- if you would like to determine how much coverage you need and how long you need it for - you can also look at a combination of benefits -LRB- e.g. some term and some permanent -RRB- -RRB- .


Input: How To Get Life Insurance On My Husband?

Output: Certainly , you may buy life insurance for your husband . If you are depend upon his income and would suffer financially at his death , you should sit down with him to purchase life insurance to protect you . In most cases it is a simple process . An agent would fill out an application to determine how much of a face amount you would need and how much he would qualify for based on his earnings . Next would be the underwriting considerations to determine premiums . Premiums vary by age , build , occupation , life style and health conditions to name a few . It is likely he will need to have a paramed exam to recover some blood and urine samples and depending on age , height , weight , blood pressure , EKG , etc. . This is a no cost service to you the consumer . Once the underwriter evaluates the risk class by these tests , MIB reports , medical records the policy is issued and at that time you make the determination based on coverage and premium to accept or reject the policy . If using a good life insurance broker , you should n't have any surprises during the process .


Input: How To Get Life Insurance On My Husband?

Output: If you want life insurance on your husband arrange an interview with a trusted insurance agent . If you dont already have such an agent , get recommendations from friends , colleagues and neighbors . Prepare your husband by sharing your concerns with him . Make sure that the agent you meet listens , offers sound advice and communicates well with you and the company . If your husband objects to the purchase of life insurance he made need counselling . It is not normally to tell someone that you love that you want to see them suffer , which is what you will do if he predeceases you .


Input: How To Get Life Insurance On My Husband?

Output: When buying life insurance for your husband , first gather his health information : the medications he takes , his height and weight , any weight loss of over 10 pounds in the past year , and a history of health conditions he has had -LRB- including the year he was diagnosed -RRB- . If he has had a bankruptcy , felony , DUI , or other risk factors , try to recall the date it occurred and/or was discharged . Ask your husband whether he objects to taking an exam . Then , using all this information , shop for his best rate . He will need to complete and sign the application as the insured . Either of you can own the policy . The policy owner and person making the payments will also sign the application . If the policy does not need an exam , your husband may need to do a phone interview with a representative for the life insurance company . If it is a medically underwritten policy , it will require an exam to be done in your home or place of your husband 's choice . Once approved , your husband will need to sign some delivery requirements to put the policy into effect . If you are the policy owner , you will need to sign them , as well .


Input: How To Get Life Insurance On My Husband?

Output: We do this all the time . If you are married you have an insurable interest in your husband 's life . You need an insurable interest in order to insure that person . You also need their consent . With those two things , the process is simple . Your Life Insurance agent will take a written application from you , and a blood sample from your husband . The cost will be dependent upon your husband 's rating -LRB- their health -RRB- and age . Assuming they have a reasonable occupation , and the rating is fair , your cost will then depend upon the amount and type of coverage you wish . Either permanent -LRB- Whole -RRB- or temporary -LRB- Terrm -RRB- coverage . Gary Lane and Thank You .


Input: What Does Rider Mean In Life Insurance?

Output: A life insurance rider works just like any contract rider . It is an extension to the contract that stipulates an additional obligation by one or both of the parties to the contract . Specifically to life insurance , this would be any benefit made available by the life insurer that is optional to the policy owner to select that is not part of the base policy features .


Input: What Does Rider Mean In Life Insurance?

Output: A life insurance rider can come in different forms . Sometimes the rider is attached to a plan to outline the additional premium surcharge for risky avocational interests , such as sky diving or racing . Riders also can provide additional benefits such as premium waiver , guaranteed purchase options , spouse or children term insurance benefits .


Input: What Does Rider Mean In Life Insurance?

Output: A rider is an extra policy feature that is not included with the base policy but is available at extra cost . Many people just want the base coverage and do n't want to pay extra premiums for more bells and whistles . But others are looking for specific features . Since riders are optional , it works better for everyone .


Input: What Does Rider Mean In Life Insurance?

Output: Life insurance riders add extra features to life insurance policies , usually for an extra charge . Some riders , such as a terminal illness rider , are often provided for no charge . Others , such as disability income rider , can make a significant impact on life insurance premiums . But adding a rider to a life insurance policy can sometimes save you a lot of money over buying a separate policy to accomplish what the rider can do .


Input: Does Life Insurance Test For HIV?

Output: Yes , along with many other diseases . The premium that is charged for your life insurance is based on many factors , diseases are a major portion of that equation . Life insurance is something that everyone should have and the younger you are when you purchase it the less it will cost you . Contact your local agent to discuss your specific needs to ensure that you get the plan that is right for you .


Input: Does Life Insurance Test For HIV?

Output: Yes , as part of the underwriting process one of the lab tests is for HIV . Depending on the state you are applying in , the acknowledgement of HIV testing may be in the wording just prior to the signature space . In other states , like mine , there also is a separate signed page that points out specifically that one of the lab tests will be for HIV . It also notes that you can place your MD there for receiving test results to go over with you and dozens of specialized clinics to help you .


Input: Does Life Insurance Test For HIV?

Output: If you take a policy that requires an exam , the blood test will include testing for HIV . If you apply for a simplified issue policy with health questions , the health questions will usually ask if you are HIV positive or have AIDS . The only type of policy that does not test for HIV , or ask about it , is guaranteed issue life insurance .


Input: What Is Roth IRA 401K?

Output: Roth IRA and a defined contribution plan formed by your employer under section 401 -LRB- k -RRB- are both retirement plans but are quite different . The Roth IRA is your individual plan funded with after-tax dollars while the employer sponsored 401 -LRB- k -RRB- is your employers planyou have access to your contributions and eventually to your employers contributions after a period of time . Your contributions are made with before tax dollars . The 401 -LRB- k -RRB- benefits in retirement after age 59.5 are fully taxed as ordinary income while the income from the Roth IRA is not taxed at all .


Input: How Necessary Is Renters Insurance?

Output: Insurance may be required by your landlord . Otherwise insurance is never necessary . If you are able to sustain a large lawsuit with ease , then you dont need a renters policy . If your rental unit burns to the ground and you lose everything that you have in it , and it wouldnt even merit an entry in your check book , then you dont need a renters policy . If you dont need a friend to stand with you with money in their hand when things really go wrong , then you dont need a renters policy .


Input: How Many People Don't Have Health Insurance?

Output: About 44 million people did not have health insurance prior to the Affordable Care Act . Since the new program began , over 7 million people have signed up for health insurance through the exchanges . Health plans are now `` guaranteed-issue '' as insurance companies can no longer decline you for a pre-existing condition or other health-related illness . Some people will still not have health insurance because many may choose to pay the penalty instead of securing coverage since the premiums for new plans are higher than the older plans , given the increase in benefits provided in each plan -LRB- the 10 essential health benefits required under each plan plus anything above and beyond it , varying by carrier -RRB- . If you have any questions about health insurance or would like help with your own coverage , send me a message by clicking on the `` contact me '' button - my direct contact information is available on my profile page .


Input: How Many People Don't Have Health Insurance?

Output: A LOT ! ~ 40 million American are still without quality healthcare coverage . That number is just an estimate , but pre-Obamacare the number hovered between 47-50 million . Assuming 7 million got marketplace insurance or Medicaid over the past enrollment period then there are still about 40 million without . Obamacare is designed to chip away at that number over many years .


Input: Does Homeowners Insurance Cover Electrical Surges?

Output: For the most part a very common cause of power surge is a lightening strike and this is a covered peril in most standard issue Homeowners ' contracts . Sometimes , if power is lost as a result of a storm , when the service is restored there might be a surge and this too would be covered as it is a result of the storm damage .


Input: Does Life Insurance Require Physical?

Output: It depends on age , face amount and the company . Usually if you are applying for a $ 100000 policy or grater the company will at least require a paramedic exam . Smaller face amounts do not usually require a physical unless you are older . Each company is different on their requirements so it is best to consult a good agent who can help you with your specific needs .


Input: Does Life Insurance Require Physical?

Output: There are a number of life insurance companies that do not require a physical for some or all of their products . If you are in relatively good health , an adult but not yet a senior citizen , you can get over $ 250,000 without a paramed exam with a few companies .


Input: Does Life Insurance Require Physical?

Output: It depends on the face amount of life insurance and type of policy but no life insurance company requires a full physical . The underwriters that need physical information use what is called a paramed exam . This is a nurse that comes to you at no expense to you . She will ask medical questions , usually take blood and urine samples , blood pressure , height/weight and possibly an EKG . Most exams last less than 30 minutes .


Input: Which Health Insurance Is Best HMO Or PPO?

Output: This is really a matter of personal preference . While the lower cost associated with HMO plans can certainly be appealing , anyone with an HMO only has coverage when they are using a medical provider in their network . If having your choice of doctor is important to you , and your chosen physician does not work with an HMO , or if you travel extensively and may need coverage away from your home area , then you will more than likely find the additional cost of a PPO to be very worthwhile .


Input: Which Health Insurance Is Best HMO Or PPO?

Output: Which is best an HMO or PPO ? Actually as far as health care goes , both are very similar . Both offer the benefits laid out by law of your state , or currently what the Federal Government requires . The difference comes down to how they are used for services . A Health Maintenance Organization -LRB- HMO -RRB- uses what is commonly called a gatekeeper system . A gatekeeper is a primary care doctor who the insured works with first and referrals are generated by this primary care doctor . If you use an HMO system you will direct your care through this gatekeeper . A Preferred Provider Organization -LRB- PPO -RRB- is a network of doctors and specialists who have contracted with a medical plan to provide services to members of that plan . A PPO offers SELF DIRECTED choices for the insured . The insured decides whom they wish to see . If they want to see a specialist , they call the specialist and set up the appointment themselves . Which is better ? Depends entirely on who is using their plans and what they want from a plan .


Input: Which Health Insurance Is Best HMO Or PPO?

Output: This is really a question of what you prefer . An HMO describes a plan that pays it 's doctors and other providers a flat fee per patient . You must choose a primary care physician and they are responsible for your care . They usually do n't get to bill for their services , they have to make do with what they get . They will be your first call or visit and will manage your referrals and other care . They are usually part of a hospitals system and your inpatient care will be within that hospital system . You have less control over the providers you utilize than with a PPO . A PPO is n't really a health insurance plan , it 's a network of physicians , hospitals and other providers . Many health insurance companies may utilize a PPO to control their costs . This is a fee for service arrangement where the provider bills the company for your care and you must use the hospitals in the network to get your highest benefit level . You can usually chose your doctors and hospitals and you have more control than with an HMO . The health insurance companies save money by using a PPO because the providers have to agree to get paid on the PPO 's fee schedule to gain access to the patients . Historically , and HMO is less expensive than a plan using a PPO . This is because the HMO has more control over your care and they also have more control over a providers compensation . This is really a question of preference . If you 're OK with the HMO dictating where you go and who you see for your care , this would be a great option for you and you 'll probably save some money . However , If you 'd like to be the one to choose who you see for your care , you 'd probably be more comfortable with a PPO arrangement . Just realize that you 'll probably have to pay a little more for that freedom .


Input: Which Health Insurance Is Best HMO Or PPO?

Output: This varies from person to person and many factors can go into it such as personal preference , where you live , do you travel , and premium tolerance , just to name a few . PPO networks are much larger than HMO networks - HMO networks feature a more restricted network and you can pay higher costs for going to out-of-network doctors . The premiums for PPO plans will generally be higher because of this . If you can afford a higher premium , you may want to go the PPO route . If you have a very tight budget and you need to keep your premiums to a much lower figure , an HMO may be more suitable . Also , you may not have many options for health insurance in some areas . You 're generally going to have more options living in an urban area than a very rural one - not every carrier will offer every network type either under the new affordable care act .


Input: Which Health Insurance Is Best HMO Or PPO?

Output: An HMO tends to be more restrictive than a PPO . Please understand what happens if get treatment `` out of network '' . Do you have a `` PFFS '' - private fee for service '' plan in your area . If so , if you are asking this question in relation to medicare the PFFS only requires you to call the doctor yuo wish to go to and ask them if they accept the PFFS plan .


Input: When Does Health Insurance Coverage End For Dependent Children?

Output: In most cases , dependent children will `` age off '' their parents plan once they reach their 26th birthday . If your child is severely disabled they may qualify for continuing coverage as a dependent . If your child is healthy , they may be better off with their own health insurance policy regardless of their age . Keep in mind that child only policies for children under the age of 19 do not exist in most states .


Input: Where Can I Get Car Insurance For 6 Months?

Output: Short answer : certainly . However this answer will vary from state to state and even company to company . But most of the time , 6 months is the standard length of time for an auto policy . 12 month policies are also very common , and the standard in some states . Many companies will even give you the choice between having a 6 month policy or 12 months .


Input: Where Can I Get Car Insurance For 6 Months?

Output: Just about every company offers a policy for 6 months . Many will also offer a 12 month policy which I recommend if you can get it . I recommend you contact a local independent agent who can run rates for you from many different insurance providers to help you obtain the right coverage 's at an affordable premium .


Input: Where Can I Get Car Insurance For 6 Months?

Output: To add to the previous poster , the added benefit to a 12 month policy is that your rates can not go up until the end of the policy year -LRB- unless you buy a new car -RRB- and you often can still pay in monthly or bi-monthly payments . Of course if rates go down you will miss out until the end of your policy year , but rate decreases are much less common that rate increases as everything goes up in cost !


Input: How Much Is The Premium For Medicare Part A?

Output: For most individuals , there is no charge for Medicare Part A . If you had at least 10 years of Social Security wages -LRB- 40 quarters -RRB- , are a US citizen or legal resident and have lived in the US for 5 years , there is no charge for Part A . If you do not qualify for `` free '' Part A you will pay a premium of $ 441 monthly -LRB- 2013 -RRB- .


Input: Will Renters Insurance Pay For Hotel?

Output: That is a great question ! Depending upon the reason for needing a hotel , and the terms of your policy , it should , at least for a specified amount of time , or up to a certain dollar amount . You will want to contact your agent , and find out for certain the terms of your policy . Most policies will include a section called `` additional living expenses '' , or `` loss of use coverage '' . It is under this part that you will find out what your policy covers . If there is a reason that your apartment is uninhabitable , this section applies . Good luck , and thanks for asking !


Input: Can You Cash In On A Life Insurance Policy?

Output: It will depend on the type of policy it was and whether or not you are named on the policy as a beneficiary or an owner . The only policies you can cash in are those that have a cash value associated with them . Not all policies have a cash value so if you are the owner you can not access any cash -LRB- if you own a term policy on yourself -RRB- . But if you are the beneficiary and the insured dies , any cash value associated with the policy becomes yours .


Input: How Life Insurance Works?

Output: The basic way that life insurance works is like this : the money you pay for your life insurance policy -LRB- premiums -RRB- pays for operating expenses for the insurance company , and goes into funds where it can be accessed to pay your beneficiaries when you die . Some policies also have cash value that can be used while you are alive .


Input: Much Life Insurance Does The Army Give You?

Output: The Army does not provide life insurance for free , but individuals in the US Armed Forces are automatically enrolled in a low cost group plan with a face amount of $ 400,000 per member . You can choose to opt out of this plan altogether , or to reduce it by increments of $ 50,000 .


Input: Does Business Car Insurance Cost More?

Output: Commercial auto insurance is what generally covers a business vehicle . These policies usually cover a fleet of vehicles and the rating is done against a list of drivers . The use of the vehicle and the mileage of the vehicle are two other critical rating components . As the fleet of vehicles gets larger the amount paid by the operator starts to closely reflect the losses suffered by the insurance company until the company gets large enough that it skips the insurance company and assumes all the risk , or most of the risk themselves . This is known as self-insurance . Personal auto policies are rated on other criteria . In some situations the policy may be less expensive than if it was on a commercial policy . Most of the time , however , because of their increased usage , the business auto policy will be more expensive .


Input: Does Business Car Insurance Cost More?

Output: It may because for the most part business vehicles tend to be driven more thus increae the risk to an insurance company . It is best to talk with your insurance professional about options available to you that meet your specific needs and concerns . Also talk to your tax professional about the advantages or disadvantages with regard to your filings .


Input: Are Life Insurance Benefits Taxable In California?

Output: There is usually no income tax paid on life insurance benefits in any state , including California . If the beneficiary is a person , life insurance bypasses probate . If the beneficiary takes the death benefit in installments , the interest only is taxable . Estate taxes are paid on life insurance , if applicable .


Input: Are Life Insurance Benefits Taxable In California?

Output: There are 2 life insurance benefits that this question may be asking about : The death benefit or cash that has accumulated inside the policy . The death benefit is always income tax free in every state when received as a lump sum . Many insurance companies offer a larger death benefit if the benefit is received over time . If this is the case , then the additional benefit above the base death benefit would be taxable . There are also living benefits in some life insurance policies when the policy is used to accumulate cash such as in an indexed universal life policy . In this type of policy , cash accumulates on a tax-deferred basis and can be removed from the policy tax-free as a policy loan . Estate taxes may be due on life insurance benefits in some cases .


Input: How Do I Sign Up For Medicare D?

Output: If you already have Medicare Part A and B and just want to add Part D , you can sign up for Medicare Part D by calling Medicare at 1-800-MEDICARE -LRB- 633-4227 -RRB- . Or you may put in your zip code on this website to find a drug plan and enroll in it : WEBSITELINK .


Input: What Do Life Insurance Companies Test For?

Output: Life insurance companies test to see if you have recently used illegal drugs or tobacco . They also perform tests that can indicate that you have , or are at high risk for , heart disease , kidney disease , liver disease , blood disease , and diabetes . These labs are obtained done through blood , urine , and/or saliva tests .


Input: What Do Life Insurance Companies Test For?

Output: Video Transcript : What do life insurance companies test for ? As you well may know , people have to go through , generally , paramedical exams that look at 3 things , generally : Your blood , your urine , and sometimes EKG . All these can be performed at your home , your office , or other places of convenience . They 're really looking for different areas . It has 24 different areas they 're looking at . They 're looking at the outside normal range which can dictate diabetic conditions or cancer conditions . They 're looking for different diseases that the blood and urine workup will actually display on the panels and really tip them off to other areas such as drug use , tobacco use , alcohol use . They 're looking for all these areas because those are mortality-driven areas , and they actually have a really big impact on the price tag that you 'll pay .


Input: Does My Health Insurance Cover Me In Other States?

Output: When you travel to other states , often your health insurance will cover you , depending on your carrier , their network and type of claim . For example , a life-threatening procedure is generally covered . However , a simple office visit may be treated differently . It 's best to check with your carrier or broker to determine in advance what the outcome would be .


Input: Does My Health Insurance Cover Me In Other States?

Output: In almost all cases the answer would be `` yes '' . It will depend on what the policy sates inside it in regard to services in other areas . In most cases `` emergency '' situations are handled the same no matter what state you 're in.Regular services -LRB- routine visits , etc. . -RRB- may not be covered or covered depending on what policy you have . It is always a good idea to review your coverage and concentrate on the exclusion pages and out of area service levels before you travel to be certain .


Input: Does My Health Insurance Cover Me In Other States?

Output: Almost every major medical policy I have seen has nationwide coverage . That being said , as + Larry Gilmore pointed out , you may be out of network . This is more typical for an HMO plan than PPO , but you need to be aware of the providers you use . When you receive services from a non-par provider be aware they can balance bill you for the difference in the amount your plan pays vs their `` regular '' charge . The differential can be significant .


Input: Does My Health Insurance Cover Me In Other States?

Output: If you have a PPO health insurance plan you have in-network benefits as well as out-of-network benefits . This means that if you are traveling out of your home state you will have benefits which are most likely out-of-network benefits . Out-of-networks benefits are less than in-network benefits . For example your deductible may be $ 500 in-network and $ 1,000 out-of-network . In addition your co-insurance might be 20 % in-network but 50 % out of network . The annual out-of-pocket maximum would be higher also .


Input: Does My Health Insurance Cover Me In Other States?

Output: Your health insurance will more than likely provide coverage for you outside of your home territory or state , yes . Be sure to discuss the specific terms and conditions of your policy with your insurance professional because the amount of benefit provided may be different -LRB- less -RRB- if you use an out of area or out of network provider or service .


Input: What Is Part B In Auto Insurance?

Output: Coverage B is Property Damage Liability . The company pays when you are legally liable for damage or destruction of property caused by your auto . Normally this coverage is to repair the automobile , fence , or building that your auto struck . The limit on your declaration shows how much the company will pay to defend you and to pay any losses for which you are legally liable . Any loss beyond the limit of the policy is your responsibility .


Input: What Is The Definition Of Homeowners Insurance?

Output: The basic definition of Homeowners Insurance is a hazard insurance or fire insurance policy provided for the primary residence of the titled owner of a property . Banks and mortgage companies simply name all policies ` Hazard Insurance ' as the building -LRB- dwelling -RRB- is the hazard ; many others simply refer to all policies as ` Fire Insurance ' as one of the basic perils covered is ` Fire ' . The correct terminology of the house insurance for the home you own and primarily reside in is called Homeowners Insurance . The Department of Insurance in all States refer to the Policy Form as a Homeowners Form , the basic policy form details are provided by the Insurance Services Office -LRB- ISO -RRB- . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: What Is The Difference Between Life Insurance And Long Term Care Insurance?

Output: The difference between Life Insurance and Long Term Care Insurance is that Life Insurance pays the benefit to living beneficiaries upon the death of the insured persons , while Long Term Care Insurance pays the benefit to the insured persons -LRB- or to the facilities providing their care -RRB- if they can no longer take care of themselves .


Input: Is 401K Loan Considered Debt?

Output: When you borrow from your 401 -LRB- k -RRB- the amount of the loan will be deducted from any distribution from the plan along with any interest that was charged . You might be forced to take a distribution from you 401 -LRB- k -RRB- at a time that you didnt anticipate , such as the loss of employment , illness of spouse or relative or your own poor health . There are tax issues that should be discussed with a tax professional .


Input: Is 401K Loan Considered Debt?

Output: Borrowing against a 401k is both a yes and no answer as to debt . No it is not traditional debt as showing against your credit score or debt to earnings ratio , because you are borrowing your own money . It is debt as Jim mentioned , because it must be repaid within 9 months . The tax and penalty consequences are much worse than borrowing the money from a lender . It is never advised to borrow from your 401k because you are borrowing from your own future . A simple rule is if you need money today while you are able to earn an income , you will need money when you are old and sick and ca n't earn an income .


Input: Is 401K Loan Considered Debt?

Output: That is a great question ! The answer is simple . Anything that you borrow , and must repay , is considered to be debt . In the cases where you borrow from yourself , -LRB- 401K loans , life insurance loans , etc. -RRB- it 's easy to think that it is n't really debt , but consider what happens if you do n't pay it back . If you were to lose your job , your 401k debt becomes immediately due in full . Your life insurance loan , if not repaid , can eventually cause the policy to lapse , and eventually cancel . A good financial rule is if you borrow it , it 's a debt , and needs to be repaid . I hope that helps , thanks for asking !


Input: How Does Skydiving Affect Life Insurance?

Output: Sky diving affects life insurance and is underwritten as a recreational hazard or dangerous activity . Nevertheless , there are life insurance companies that price the risk of sky diving in terms of a flat extra per thousand of death benefit , generally based on jump frequency . If your jump frequency is high , the life insurance company may offer you coverage with a sky diving exemption , i.e. they wont pay if you die from a sky diving incident . You need to shop several life insurance companies for the best price .


Input: How Does Skydiving Affect Life Insurance?

Output: If you are getting a simplified issue issue life insurance policy , the policy may be all or nothing . Either they do n't ask , and therefore , you can get the policy . Or they do ask , and therefore you can not get the policy . When purchasing medically underwritten life insurance , there are usually more options . You might be able to get a policy that adds on a flat extra , meaning that is charges an extra dollar amount per thousand dollars of coverage . Or you may be able to get a policy that excludes skydiving . Or you may want to get one of both .


Input: Is Woodpecker Damage Covered By Homeowners Insurance?

Output: A homeowners policy pays for damages caused by specified perils . The list of perils is lengthy ; however , damage caused by birds and insects isnt covered under the standard forms . I am assuming that woodpeckers pose a threat to your house . You might check with your agent on how you can deal with this problem .


Input: Is An 82% Increase In Auto Insurance Premium Unfair?

Output: I have to be honest with you , I believe that your premium increased as a result of the accident . However , there can be a few `` layers '' to the increase that you as a policyholder do n't actually see . Your initial rate was probably in part because you had a safe driving record and were therefore provided a discount . The accident removed that discount . In addition , it is possible that in accordance with MD state law , your insurance company was also allowed to surcharge your policy a percentage based upon the total amount of claim paid . The two together can add up . You can always satisfy your curiosity by shopping of course . Now that you have had some experience with accident related increases , look for a company that offers accident forgivemess as an option . While you are at it , look for a opportunity to bundle your insurance for premium savings . Companies do offer this for such things as also insuring your home and buying Life Insurance .


Input: Is An 82% Increase In Auto Insurance Premium Unfair?

Output: Safe driver discounts can add up to very significant savings over time , but an accident will instantly remove all those discounts . An appeal to the insurance commissioner is unlikely to lower your premium . The best possibility for you to get a lower premium is to compare quotes from several insurers . It is good to do this periodically to make sure you are receiving the best rates but a rate increase can make this particularly important .


Input: What Is Fers Retirement Plan?

Output: The is the federal employees retirement system for federal government employees . Most of these plans are defined benefit retirement plans , but some offer defined contribution plans , which are becoming more popular .


Input: What Is A Cash Accumulation Fund Life Insurance?

Output: This could be a few different things , but generally speaking it 's a life insurance policy with a non-forfeiture benefit -LRB- aka an ability to accumulate a cash value that can be redeemed upon policy surrender or used to provide for a degree of policy benefits if the policy holder decides he or she no longer wishes to pay the premium due on the original policy -RRB- .


Input: What Is A Cash Accumulation Fund Life Insurance?

Output: When you purchase universal life insurance through a group policy , your employer may offer you a chance to put away extra cash in a cash value accumulation fund that is a part of your universal life policy . It affords you the opportunity to pay beyond your premium , to have the excess grow in a tax deferred account at a competitive interest rate . You would need to look at the illustration of projected cash accumulation , and compare it to other savings/investment plans to determine if it is a good option for you .


Input: Does Car Insurance Go Up?

Output: That is a great question ! Yes , it certainly does . Especially if you 've had some issues with your driving , and had accidents , or received some tickets . Want to see it really shoot up -LRB- or stop completely -RRB- ? Let there be alcohol involved , or excessive speed . It may also go up if you 've had some issues with your credit , the auto theft rates in your area rise , or your company has paid out large claims , and has some profit to recapture . I hope that helps , thanks for asking !


Input: Is It Illegal To Not Have Health Insurance In Connecticut?

Output: Under the Affordable Care Act , everyone needs to have a qualifying health insurance plan in place or pay a penalty . The penalties in 2014 will be calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- as : 1 -RRB- 1 % of your yearly household income - the maximum being the national average yearly premium for a bronze level plan 2 -RRB- $ 95 per person for the year -LRB- $ 47.50 if under age 18 -RRB- - the max penalty per family is $ 285 under this method .


Input: What Is The Difference Between Renters Insurance And Condo Insurance?

Output: Primary difference between Renters Insurance and Condo Insurance is in the ownership of the property . Both policies cover Personal Property , Loss of Use , Medical Payments to Others , and Personal Liability . And both policies allow for additional riders to be attached for specific items such as high value jewelry , gun collections , artwork , and etc. . Where the Condo Insurance is different is in the amount of insurance that can be added to cover Building Property . When you own a Condo , you own everything from the sheetrock in , and the condominium association manages everything from the sheetrock out . So items such as installed dishwashers , ovens , furnaces , and even toilets and showers fall under property owned by the condo owner . Typically renters do not own any of these items , and there is no need or reason to carry insurance for them . Condo policies may also have broader coverage for Additional Coverage areas , such as for Emergency Repair ; Trees , Shrubs , Plants and Lawns , and Separate Structures coverage.When you own a condo , it is important to know and understand what the General Insurance policy the Association holds covers , and how the common areas are classified . For example , what would happen if the association was forced to submit a large assessment on all of the condo owners ? Does the General Policy for the Association cover these instances ? If not , you 'll want a Condo policy that does have this coverage . As always , it is best to speak with a licensed , professional insurance agent who can help you interpret the policy coverage , identify gaps in coverage , and make sure you have protection for everything you might require .


Input: What Is The Difference Between Renters Insurance And Condo Insurance?

Output: The difference between Renter 's Insurance , Condo Owner 's Insurance & even Homeowner 's lies in the insurable interest . A renter 's policy is going to cover personal property -LRB- contents -RRB- , but not any building coverage ... since the renter does not own the building , they do not typically have an insurable interest . However , in some cases , there have been leases that require the tenant to pay for the insurance and taxes - these are called triple net leases . The renter in these cases may have to purchase coverage for the building rented -LRB- usually a home -RRB- . Condos almost always have a condo association . The condo association covenants determine how the condo should be covered . Some associations only cover the exterior walls , leaving the condo owner to cover everything attached to the building including what 's between the drywall/sheetrock & exterior . Some associations cover everything up to the drywall/sheetrock , while others even include anything attached to the drywall/sheetrock including cabinets , etc. . On occasion , the condo association can assess a property deductible to each individual condo for $ 10,000 ; in which case you would want to make sure that amount is added to the your policy . In each case , whether renter 's insurance or condo insurance , make sure you obtain the lease or covenants and make sure you do n't have any `` holes '' in your coverage !


Input: Does New York Life Sell Disability Insurance?

Output: New York Life has relationships with a number of other quality insurance companies to offer many products , including disability insurance . Through these arrangements , customers can work with a New York Life agent to obtain a wide variety of products not underwritten by New York Life itself . Disability insurance can provide peace of mind and removes the uncertainty in case of an accident or sickness that makes someone incapable of working . When considering such coverage , one should review both short term and long term options . Business should also consider Disability insurance for key business persons in the business .


Input: How Long Does Long Term Disability Insurance Last?

Output: The general rule of thumb for long term disability is to age 65 . However there are disability insurance companies that offer longer or extended coverage . Then theres Lloyds of London , a company the prices risk outside the convention insurance market , in this case disability for high risk insureds or older insureds .


Input: How Long Does Long Term Disability Insurance Last?

Output: There is a date on a long term disability insurance plan benefits paid out . Some last as little as 2 years , 5 years , 10 years and some will pay benefits until age 65 or newer plans age 67 . The reason behind the age 65 or 67 years old , the insured will be eligible for social security and thought to be retired . Certainly that is not always the case .


Input: What Does Comprehensive Auto Insurance Mean?

Output: Comprehensive auto insurance typically refers to a vehicle that is insured with liability . collision and comprehensive benefits . You can select different deductibles for your collision and comprehensive coverage . The `` comprehensive '' portion of your policy refers to claims `` other than collision '' such as fire and theft , vandalism , glass breakage etc. . . Often , no or a small deductible applies .


Input: Who Offers Indexed Annuities?

Output: There are hundreds of indexed annuities on the market and a few note worthy contracts to review . Annuity companies are always tweaking their product offerings to attract buyers . One note worthy company is Genworth with it 's relatively new roll-up provision that has real potential returns . It could be a suitable product for those seeking tax deferral and market returns .


Input: How To Have A Good Retirement Plan?

Output: The definition of a good retirement plan is paying into it every paycheck . It 's called paying yourself first . If you 're in a high tax bracket , you should consider a qualified defined contrition plan , especially if your employer matches any portion of your contribution . You should also establish your risk tolerance and time table to retirement . This will help you determine your product suitability .


Input: What Is Bharti Axa Life Insurance?

Output: Until the mid-1990s life insurance was restricted to two nationalized insurance companies in India . After that time , other companies were allowed to come into India in partnerships . AXA is a French based insurer . Bharat always means India . So this is the French-India consortium that is offering insurance products in India .


Input: What Happens When A Life Insurance Company Fails?

Output: When life insurance companies fail , they are almost always bought by other life insurance companies . The new life insurance companies usually treat those policies as they do their own business , honoring all the guarantees and dictates that were in place when the policies were taken out . If the failed company could not be purchased by or merged with another solvent company , there are state pools that will pay out a certain amount of the death benefit in lieu of insurance companies being unable to do so .


Input: What Happens If I Don'T Get Health Insurance?

Output: If you do n't get health insurance , then do n't get sick ! You may have to pay a special tax for breaking the law but it will only be $ 95 in 2014 -LRB- increasing in later years -RRB- . But you do n't want to do that ! Utilize an experienced broker who can help you find , compare and apply for affordable healthcare coverage in your area . You 'll be covered for most medical expenses and can utilize free preventive benefits .


Input: Does Vanguard Sell Life Insurance?

Output: The Vanguard Group , Inc sold Term life insurance for several years but ended that endeavor in late 2004 . Some of their products are issued and guaranteed through life insurance companies that contract with Vanguard . To read more about what Vanguard offers , visit their website WEBSITELINK and go to the What We Offer tab .


Input: Does A 25 Year Old Need Life Insurance?

Output: As Larry mentioned , not every 25 year old is the same . At 25 , I was married and was a father of my first -LRB- of two -RRB- children . I owned a home , had responsibilities I felt needed protection from my early death . Life insurance for me , at 25 was a wise choice to make . That said , at 19 I also had life insurance . Not as much as at 25 , but enough to make sure if something happened , my parents would n't have to have a financial loss to go along with the loss of their son . It is said that single people do n't need life insurance , but I think very few people are truly single . Someone has to take care of things when you pass . How difficult you want to make an already difficult situation is up to you .


Input: Does A 25 Year Old Need Life Insurance?

Output: All 25 year olds are not equal . Life insurance death benefits replace income that dies when the insured dies . If a 25 year old -LRB- or any age -RRB- has other people that would be hurt financially at his or her death , then life insurance might be a smart solution . Granted , a 25 year old single person may not have as much `` need '' for life insurance as a 40 year old with 3 school age kids , but may still want life insurance to replace a financial loss .


Input: Can You Withdraw Cash Value Of Life Insurance?

Output: You can have access to some of the cash value in the form of a withdrawal if you have a Universal Life policy . The typical Whole Life policy will allow you access to a loan on the policy based on the loan value . Term contracts have no cash value . Generally it is not advisable to access funds from your life policy unless it is an emergency . Some policies pay dividends . Dividends may be withdrawn without affecting the face amount of the policy .


Input: Can I Change My Medigap Policy?

Output: You can change your Medigap policy , any time you wish . Unlike Medicare Advantage , Medicare supplement plans do not have annual enrollment . This increased flexibility means you are eligible to buy a new or replacement Medigap plan at any time during the year . Understand your guaranteed rights to purchase a Medigap plan .


Input: Is There Insurance That Allows You To Drive Any Car?

Output: There is what is called `` non-owned auto '' coverage . This coverage typicallyprovides liability , uninsured and under-insured motorist coverage to licensed drivers that do not own avehicle . This coverage can be more costly than coverage for a person that owns a vehicle . Non-owned auto coverage typicallydoes not provide collision or other than collision coverage .


Input: What Is A Dependent On Life Insurance?

Output: A dependent is generally a minor child using a policy rider or unit purchase attached to a parent 's life insurance policy . Keep in mind that a dependent can also be a policy beneficiary as well . A dependent can also have their own policy with the legal guardian as policy owner .


Input: What Is A Dependent On Life Insurance?

Output: A dependent on a life insurance policy is usually a spouse or a child that has been added to the coverage of a primary insured . The upside of doing this is to save premium dollars on the insurance . The downside to purchasing life insurance this way is if the primary insured dies to the rest of the family is left uninsured . Be sure the company allows you to convert to a permanent plan if you do purchase one this way .


Input: What Is A Dependent On Life Insurance?

Output: Life insurance underwriting gives a lot of latitude to the definition of dependent . Its actually pretty interesting . I think this is because the whole principle of insurable interest implies a certain dependency . It is this principle that is the bottom line as to whether or not the company accepts the beneficiary designation on a submitted application . So who really can be dependent on the insured financially , and thereby qualify as a beneficiary on his or her policy ? Certainly a spouse . Does the spouse have to be working ? No . Can the spouse be rich and independently wealthy ? Yes . They still can be considered financially interdependent . Kids ? For sure . Minors ? Of course . How about children that are of legal age ? Well , they certainly could still be financially dependent on their parents . To some extent . -LRB- Until their parents boot them out of the nest :-RRB- Parents ? Yes . That is very common these days . Elder parents become dependent on their grown children financially . Sad to see , but it happens all the time . Other family members ? Could be . How many times do you see a family taking in a niece , nephew , cousin , aunt , or uncle ? Then you have the whole realm of domestic partners . Same sex . Opposite sex . Older man , younger woman . Older woman , younger man . As long as they have some kind of financial independence shared accounts , etc. they could be named as beneficiaries . And we havent even talked about how businesses can be dependent on people , as well as charities . Interesting , dont you think ?


Input: Will I Be Forced To Have Health Insurance?

Output: Under the Affordable Care Act , for the first time in U.S. history , the federal government now requires to purchase health insurance . The requirement that everyone buy insurance , also known as a mandate , is a key component for the law to expand coverage to be able to work . To get coverage for sick people , insurers need as many healthy people in the pool of customers as possible , so the cost of the sick are spread amongst many policy holders . Starting this year , the insurance industry will have to cover millions of new customers who may have health problems and turn no one away , resulting in the government 's guarantee the insurers millions of new , healthy customers . However , under certain circumstances , you may not have to make the individual responsibility payment . This is called an exemption , which you may qualify for an exemption if : Youre uninsured for less than 3 months of the year The lowest-priced coverage available to you would cost more than 8 % of your household income You dont have to file a tax return because your income is too low Youre a member of a tribe or eligible for services through an Indian Health Services provider Youre a member of a recognized health care sharing ministry Youre a member of a recognized religious sect with religious objections to insurance , including Social Security and Medicare Youre incarcerated , and not awaiting the disposition of charges against you Youre not lawfully present in the U.S. Hardship exemptions If you have any of the circumstances below that affect your ability to purchase health insurance coverage , you may qualify for a hardship exemption : You were homeless . You were evicted in the past 6 months or were facing eviction or foreclosure . You received a shut-off notice from a utility company . You recently experienced domestic violence . You recently experienced the death of a close family member . You experienced a fire , flood , or other natural or human-caused disaster that caused substantial damage to your property . You filed for bankruptcy in the last 6 months . You had medical expenses you couldnt pay in the last 24 months . You experienced unexpected increases in necessary expenses due to caring for an ill , disabled , or aging family member . You expect to claim a child as a tax dependent whos been denied coverage in Medicaid and CHIP , and another person is required by court order to give medical support to the child . In this case , you do not have the pay the penalty for the child . As a result of an eligibility appeals decision , youre eligible for enrollment in a qualified health plan -LRB- QHP -RRB- through the Marketplace , lower costs on your monthly premiums , or cost-sharing reductions for a time period when you werent enrolled in a QHP through the Marketplace . You were determined ineligible for Medicaid because your state didnt expand eligibility for Medicaid under the Affordable Care Act . Your individual insurance plan was cancelled and you believe other Marketplace plans are unaffordable . You experienced another hardship in obtaining health insurance .


Input: Why Should I Put My Life Insurance In Trust?

Output: There are a number of reasons , depending on the type of Trust . Some Trusts help protect the funds from Medicaid fro example . There are also tax and estate considerations . Whether to put the insurance in a Trust depends on your individual circumstances and requires the advice of a good agent or planner to help determine the advantages to you and the type of Trust you should use .


Input: What Is Universal Life Insurance And How Does It Work?

Output: Universal life insurance is a form of permanent/cash value life insurance known for it 's flexible premium and adjustable -LRB- downward in most cases -RRB- death benefit . Like all permanent products , the policy is driven by cash values -LRB- a reserve -RRB- in the policy that covers policy expenses . The policy holder also has access to this cash value either as a withdrawal or as a policy loan . Universal life insurance is also very well known for it 's transparency , as all expenses are readily available to the insured if he or she wishes to see them .


Input: How Much Does Life Insurance Payout?

Output: Great question ! Let 's say you bought a $ 10,000 life insurance policy . The amount of the insurance policy that you purchased has a `` face value '' or `` death benefit '' of $ 10,000 . Assuming that you had made up to date payments , and never borrowed from the policy , your beneficiary should receive a check for $ 10,000 after all the paperwork has been filed . If you had borrowed $ 500 , let 's say , and the interest on it was $ 100 , then your check would be for $ 9,400 . If you have more questions , please feel free to contact me , I 'm happy to help ! Thanks for asking !


Input: How Much Does Life Insurance Payout?

Output: If an insured dies , thena `` permanent `` life insurance policy will pay the named beneficiary the face amount of the policy , minus any outstanding loan balance that there may be . In the case wherea `` term life policy '' is in force , then there would not be any outstanding loan balance since there is no cash value in a term policy . In that case , the face amount would be paid to the beneficiary .


Input: How Much Does Life Insurance Payout?

Output: You determine how much your life insurance will pay out , when you buy the policy . At that time , you will choose the `` death benefit '' , also called `` face amount '' . This is the amount your beneficiary would receive if you were to die within the time frame of the policy . If you bought 10 year term , the policy would only pay out the face amount if you died within the first 10 years . If you buy permanent insurance , it should pay out upon death at any age , but be sure you understand the guarantees so you know that before you buy .


Input: How Much Does Life Insurance Payout?

Output: The amount of money paid out to the policy 's beneficiary is equal to the face amount cited in the policy -LRB- for permanent programs , less any outstanding loans or interest charges -RRB- . The carrier will pay the proceeds when a claim is made - a copy of the death certificate of the insured and a completed claim form will need to be submitted to the carrier . Once the paperwork is processed , the funds will be paid to the beneficiary .


Input: How Much Does Life Insurance Payout?

Output: The life insurance company , after being presented with proof of death and approving the claim form pays the death benefit . The death benefit includes the face amount of the policy , plus any dividends , plus any term riders less any loans . In addition if the death the was accidental and the policy included an accidental death benefits and addition sum would be paid . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Much Does Life Insurance Payout?

Output: Life insurance proceeds are generally paid out immediately upon death of the insured . In some cases depending on the needs of the beneficiary , the funds may be paid out as an income for life or in some other method . If the proceeds are governed by a trust or some other legal entity , then the proceeds would be paid into the trust and distributed as instructed .


Input: How To Get Approved For Long Term Care Insurance?

Output: Long term care insurance is a morbidity product that is underwritten on the basis on medical and behavioral information . Medical information is based on your gender , age , smoking status , health history and current medical condition . Behavioral information is based on motor vehicle records , vocational and recreational hazards . Most advisers begin addressing long term care insurance with the clients around age 50 . But the buying public tends to purchase long term care insurance around age 60 . A couple of considerations here : You want to buy long term care when your healthy an relatively young to afford the premiums . But even if youre healthy , whats the predisposition of your family regarding assisted living and nursing home confinement ? If theres negative health history , then buying long term care earlier may be more prudent .


Input: What Is A Deductible For Renters Insurance?

Output: There are two main parts to a homeowners policy . Personal property is covered , however if there is a loss the recovery is reduced by a deductible . Most companies will write a renters policy with a deductible of $ 250 - $ 500 . The other major part to the policy is liability . That part of the policy covers you for claims involving personal injury or property damage to the limits of the policy without any deductible .


Input: What Is A Deductible For Renters Insurance?

Output: A deductible is the amount of risk that you are willing to assume in the event of a claim . For a renters policy the amount that I recommend to my prospects and clients is five hundred dollars . Your deductible depending on the carrier could be anywhere from zero on up . The higher the deductible typically the lessor the premium for the policy .


Input: What Coverages Should I Have For Auto Insurance?

Output: In my personal opinion . I tell my prospective clients to get nothing less than 100/300/100 coverage . What the numbers mean is 100000 of liability coverage per individual and 300000 of liability coverage per accident along with 100000 of liability coverage for property damage that you are deemed responsibly for . I would also recommend 100/300 coverage for uninsured and under-insured motorist at minimum . Collision and other than collision coverage is up to the individual unless you have a loan on the vehicle , then the lender will more than likely require it . Deductibles for collision and other than collision are up to what you are able to bear financially or what your lender is willing to accept .


Input: Is Medicare Deducted From Military Retirement Pay?

Output: You must have Medicare parts A and B to receive retirement benefits from DFAS . The premium for part B is deducted from your Social Security retirement benefit . Medicare A & B starts the month of your 65th birthday , whether you are receiving retirement benefits from Social Security or not . If you are not receiving social security retirement benefits you will be billed separately for the Part B . It is possible , although inadvisable , to refuse Part B . You shouldnt do that unless you are covered under an employer provided health plan .


Input: What Is A Graded Benefit Whole Life Insurance?

Output: A graded benefit Whole Life insurance policy is one that pays a limited benefit during the first years . Most policies are graded from 1-3 years and most limit the graded part to natural death -LRB- death due to illness or old age -RRB- . These policies usually pay 100 % from day one for accidental death .


Input: What Is A Graded Benefit Whole Life Insurance?

Output: Graded benefit whole life insurance pays out a reduced death benefit during the first 1-3 years that you have the life insurance policy , for death due to illness or old age . Sometimes the death benefit starts out very low in year one , then goes up a bit in year two , and so on until the policy pays 100 % . Thus , the title , `` graded '' . Most graded life insurance policies will pay out 100 % from day one for accidental death . Graded life insurance pays back more than you paid in during the first graded years of the policy , and more than you would be able to get from a savings account . So certainly has its place for those who are unable to get a policy that pays 100 % from day one for death by any reason .


Input: What Is A Graded Benefit Whole Life Insurance?

Output: Grade benefit whole life insurance is generally the final coverage alternative for those who have been declined or are too sick to obtain traditional life insurance . The death benefit is a step increase , usually after the second year to protect the companies from risk aversion the first 24 months of the policy . By the fifth year the death benefit is generally level going forward .


Input: What Is A Graded Benefit Whole Life Insurance?

Output: Graded whole life policies are designed to allow a person who would otherwise be turned for traditional whole life insurance due to existising health conditions to purchase a whole life policy . They are usually offered and purchased as a small final expense policy . Because the policy is graded you wo n't receive full benefits for the first couple years . Benefits are limited to the premiums paid in plus and interest factor that is determined by the insurance company and this can vary depending on the insurance provider . Once a policy holder is past the first two to three years full benefits would be paid to the beneficiary .


Input: How To Find A Life Insurance Policy After Death?

Output: If you are looking for the life insurance policy of a relative or friend after they have died , the first place to look will be where they keep their legal documents . Ask their bank if they have a lock box , if you ca n't find that type of paperwork in their home . If the policy is not there , you can ask a local insurance agency or inquire of others to determine if the deceased person mentioned a policy to them . If all else fails , the policy may show up as unclaimed property in a couple of years .


Input: How To Find A Life Insurance Policy After Death?

Output: Any person in order to obtain life insurance must be for one actually alive . Also the individual must be in their right mind so the individual can answer a series of questions and sign a policy . Also in most cases an individual will undergo a health examination depending on the carrier and amount of coverage 's desired .


Input: Does Life Insurance Pay For Accidental Overdose?

Output: Yes , if however the overdose is an illegal drug and you die within the first two years , there may be a problem . Every Life app has a question regarding illegal drug use . If you answer no to that question and die of an illegal drug overdose within two years , there is a contestable clause . The insurance company will likely investigate to see if you failed to answer that question accurately . If they determine that you lied on the application they do not have to pay the claim , they will simply refund any premiums paid .