Input: How Long Does It Take To Pay Out On A Contested Life Insurance Policy?

Output: The life insurance company can take enough time to make sure that the answers given were not materially misstated . In other words they have the right to not pay out if the answers given on the application had they been correct would have kept them from issuing the policy in the first place . If the insured had indicated an incorrect eye color , this would not have been material , but if they had failed to list a heart condition this would have been a misstatement that would cause them to deny the claim . The time it will take will depend on the company .


Input: How Long Does It Take To Pay Out On A Contested Life Insurance Policy?

Output: There is no set deadline for an insurance company to pay out a claim that is being contested . Every state has laws that require the company to act in a reasonable period of time . This time frame varies from state to state , but can be found out by contacting your state insurance commissioner . If it is taking longer than you think it should to receive the pay out on a life insurance claim you should start by first contacting the company , and then the state insurance department .


Input: Can You Be Denied Health Insurance In Idaho?

Output: As a result of the Affordable Care Act , also known as Obamacare , no one can be denied health insurance , in Idaho or any other state . That said , you can only enroll during the annual open enrollment period , or if you have a life changing event that results in a special election period . It 's also important to note that not all forms of insurance to cover your health are subject to the ACA -LRB- such as temporary or short term plans -RRB- , and those policies may still be allowed to deny coverage .


Input: Does Homeowners Insurance Cover Heating?

Output: It depends on what happened to your heating system . Homeowners insurance is designed to cover sudden and accidental losses . Homeowners insurance is not a maintenance policy and it does not cover items damaged due to wear and tear or age . Ifthe heating system caught fire or was damage from lightning you would be covered . If the system is just not working properly because it 's old than unfortunately there is no coverage .


Input: Do I Need Medigap If I Have Medicaid?

Output: No . If you have full Medicaid assistance you no longer need a Medigap Supplement policy . Everything that is not covered by Medicare will be covered by Medicaid . However you should make sure you are on full Medicaid . There are some people who get Medicaid assistance that pays their Medicare Part B Premium and RX assistance but does not pay their Medicare co-pays or deductibles .


Input: How Popular Is Life Insurance?

Output: Term life insurance is very popular to cover indemnification planning scenarios . Its cheap and does the job . Permanent life insurance for those in high tax brackets is very popular as supplemental retirement income and executive compensation plans . Permanent life insurance also works well for estate planning , charitable giving and making a difference in succeeding family generations .


Input: Is Medicare Insurance Primary Or Secondary?

Output: If you only have Medicare A & B or Parts A & B plus a Medigap plan , Medicare is going to pay first . When you have more than one plan paying a claim , the process has to follow the coordination of benefits rules to determine who pays first and who pays second . The majority of the time , people who are on Medicare will have two types of coverage when they or their spouse works for an employer . Self-employed individuals will generally only be on Medicare and drop their under 65 policy -LRB- unless their spouse has group coverage they can be on -RRB- . How big the company is and whether or not the insured employee is working will generally determine who pays first . If the employer has 20 or more employees , the employer plan will pay first and Medicare second . If the employer has less than 20 employees , Medicare will pay first and the employer will pay second . If you 're on Medicare for a disability , the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees , Medicare pays first and the employer plan pays second .


Input: Which Company Is Best For Car Insurance?

Output: Interesting question . I 'm guessing your question is `` which company is the best for MY car insurance ? '' Next , it 's important to define `` best . '' I know this is n't the cut-and-dry answer you may have wanted but there are so many variables to consider . Are you looking for a company with the best service ? Are you looking for a company with the best claims satisfaction ? Are you looking for the lowest price ? Also , much of your experience with a company is determined by the relationship you have with your trusted advisoryour agent . My suggestion is to contact an agent with the ability to shop multiple insurance companies for you . With data in hand , you can then answer your question based on your specific situation .


Input: What Does HMO Stand For In Health Insurance?

Output: HMO is short for Health Maintenance Organization . Essentially , an HMO is a network of providers -LRB- doctors , specialist , hospitals , faculties -RRB- who have contracted with an insurance company to submit claims for visits and procedures given to the insurers membership . Typically an HMO will only pay for visits to doctors in their network and does not allow for services provided by doctors not contracted with them . As a member of an HMO , your care is driven by a Primary Care Physician who usually acts as the first source of diagnosis . The are often called the `` gatekeeper '' because access to specialists services or high end procedures need to go through the PCP . The PCP will determine the medical necessity of the specialist or procedure and make a referral .


Input: What Does HMO Stand For In Health Insurance?

Output: HMO is a health maintenance organization . HMO 's come in different flavors but most share similar structures . With most HMO 's you have a PCP -LRB- primary care provider -RRB- that directs all your care , including referrals to other HMO network providers . In rare situations they will make a referral to a non-network provider . Some folks do n't like the `` tight rein '' HMO 's use to direct your care . In many cases HMO 's have a higher standard of care -LRB- vs PPO or POS -RRB- and better outcomes .


Input: Is Buying Cancer Insurance A Good Idea?

Output: Cancer insurance is very important , Cancer is anepidemic . half of al men and a three of all women will get some form of cancer in their life time . The good news is that thanks to advances inmodernmedicine , many people aresurviving then every before . The bad news , Cancer oftens bankrupts survivors . Remembermajor medical plans or Medicare covers most but not all of your cancer treatment . But you will have significant out of pocket expenses from deductibles and coinsurance which can be paid by a good cancer plan . . More importantly to consider is the lost of income due to the sickness , Cancer treatments likechemotherapy , cancermedication and thediseaseit 's self takes a great toll on the body , leaving suffers unable to work or forcing them to reduce their workschedulesto take care of themselves and recover.You medical insurance will not provide you with money to pay your personal expenseslikemortgage , food orutilities supplemental cancer plans that pay cash to their policy holders like Afalc , give you money to cover these expenses .


Input: Is Buying Cancer Insurance A Good Idea?

Output: For some people , cancer insurance can be a wise decision . If you have a good major medical plan or Medicare , most of your cancer treatment is covered by your primary insurance . But you will have out of pocket expenses from deductibles and coinsurance which can be paid by a good cancer plan .


Input: When Should I File For Medicare?

Output: You should file for Medicare three months before your 65th birthday . You have three months before to three months after the month of your birthday to enroll . If you are planning to work past age 65 , you should still file then , and you can choose to wait to receive Medicare later .


Input: Is Long Term Care Insurance A Smart Buy?

Output: That is an excellent question ! I read a study recently that cited the statistic that 70 % of senior Citizens will require some form of long term care after retirement . I recommend that you look at your retirement fund . Do you have enough to cover if one or both of you need to be placed in an assisted care facility ? Budget between $ 6-8 ,000 per month for each of you . If you can cover comfortable living for yourselves , and cover those costs if need be , then you probably do n't . If it may be an issue , then perhaps it is a wise decision to look into a policy . It is a tragedy when I speak with folks whose retirement nest egg was gobbled up by an illness like Alzheimer 's , or the care needed after a stroke . Please contact me if you would like to discuss this further , okay ? Thanks for asking !


Input: Is Long Term Care Insurance A Smart Buy?

Output: Long Term Care Insurance is a smart buy if you have substantial assets you would like to protect , and if you would like to have the freedom to choose where you want to receive you long term care , if it is needed . Having insurance that would pay for you to get back on your feet after a health setback , or that would allow you to live out your days in relative comfort even though incapacitated , provides great peace of mind to both insured persons and their families .


Input: Is Long Term Care Insurance A Smart Buy?

Output: Long term care insurance is a good buy according to statistics . Like most insurance , if you need to use it , it is a bargain , and if not , it was an unnecessary expense . In retirement planning if a person is operating without any extra funds , LTC can provide peace of mind for what is a major planning problem . If you have plenty of assets there are other ways to deal with an extended illness or even custodial care .


Input: How Much Is A Whole Life Insurance Policy?

Output: Unfortunately there 's too many factors that go into premium pricing to say what an average plan costs.The risk class is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Permanent life insurance is designed to provide coverage for the rest of the insured 's life and build cash value . Under a guaranteed universal life -LRB- GUL -RRB- program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . Whole life features level premiums and death benefits and builds cash value at a faster rate -LRB- participating WL policies may pay dividends that can be used to increase the death benefit or decrease the premiums over time - non-participating WL policies do not feature this ability -RRB- - the trade off between this and guaranteed universal life is that to increase the cash value faster , the premiums will generally be substantially higher . For both GUL and WL , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , GUL policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs . You can send me a private message by clicking on the `` contact me '' button if you would like quotes and assistance with your and your family 's life insurance needs .


Input: What License Is Needed To Sell Variable Annuities?

Output: In Canada , variable annuities are typically called segregated funds -LRB- separated from other assets of the insurance company -RRB- . They can only be sold by advisors licensed for life insurance . Segregated funds are similar to mutual funds but have special features including : Guarantees to protect your investment Potential creditor protection The right to name a beneficiary An information folder must be provided to the client before they buy . 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 Good Is American Income Life Insurance Company?

Output: Good is a very subjective and relative term and this will depend on what sort of product or plan you are seeking through American Income Life . American Income Life is focused on final expense life insurance and supplemental health insurance . Pricing and competitiveness is dependent on your specific situation and how well you meet the risk profile they seek .


Input: How To Bill Oxygen To Medicare?

Output: Oxygen tanks , supplies and concentrators are a covered expense under Medicare Part B. To qualify for coverage you must be diagnosed with COPD , congestive heart failure or other illness that requires you to have oxygen assistance . Your doctor must write a prescription and complete a CMN . Always use a Medicare approved DME supplier that accepts assignment .


Input: Why Get Universal Life Insurance?

Output: Universal Life policies offer both permanent coverage and an investment component . Not only can you elect to receive a death benefit that does not change but you can see the investment component grow the cash value of your policy . There is a definite need for policies that offer these features in today 's economy .


Input: Why Get Universal Life Insurance?

Output: Universal life is a cash value permanent life product to protect your family members , business associates and charities that depend on you . Most Americans have ongoing financial liabilities and future obligations . Universal life can protect your beneficiaries against your demise by paying a death benefit to mitigate the financial exposure .


Input: Why Get Universal Life Insurance?

Output: The reason many people get Universal Life insurance is because of its flexibility . It is a permanent product that can be adjusted to last a lifetime or just a set number of years , although the minimum guaranteed period is usually at least 10 years . If you decide years into the policy that you want to increase the duration , you can increase the premium , or decrease the face amount and keep paying the same premium . In essence , one Universal Life policy can take you through the stages of life in one policy .


Input: Is Primerica Life Insurance Legit?

Output: Yes , Primerica Life Insurance is a legal company selling life insurance . I recommend shopping around for your insurance needs as it is always a great idea to get at least 3 quotes to review . There are thousands of insurance companies out there however I would recommend contacting an agent or broker asking them to shop around for the insurance you are requesting . Ask them to do a needs analysis as well so you know how much you really need versus what you are asking for . If you have already taken this step , good job .


Input: Does Health Insurance Cover Dental Implants?

Output: Great question . Health insurance can cover dentail if your plan offers dental insurance as well . Some plans offer dental with the health insurance . Most plans do not offer dental insuarnce . Dental insurance have to be purchase separte for the health insurance . You should check with your health insurance agent for more detail .


Input: What Will Long Term Care Insurance Cover?

Output: Pricing long term care can be easy with such a limited playing field of insurance companies I the long term care market . What isnt easy , but rather daunting is the services definitions and varying costs for services covered . Most cover adult day care , assisted living and nursing home confinement .


Input: What Will Long Term Care Insurance Cover?

Output: Depending on your policy , a good Long Term Care policy will cover Home Health Care and Nursing Home and Assisted Living provided at least three Activities of Daily Living are impaired . These would include such things as inability to toilet , the need to have help feeding yourself , assistance walking or getting out of bed or chairs etc. . Your policy will outline these ADL 's . The policy will cover up to the limits set in the policy . Some pay a set daily rate for a definite period of time . Others pay up to a certain amount until those funds run out .


Input: Will Medicare Pay For Knee Replacement Surgery?

Output: Yes , Medicare will pay for knee replacement surgeries . Medicare also pays for hip replacements . This type of surgery is one of the larger expenditures by Medicare and provided pain relief and increased mobility to hundreds of thousands of seniors -LRB- and younger persons -RRB- over the years since knee replacement were invented .


Input: Does Homeowners Insurance Cover Fallen Trees?

Output: Typical policies cover fallen trees if they cause property damage , and if they fall due to a covered peril such as wind , lighting , etc. . If a tree just falls in the yard and does not damage anything then usually the policy will not cover the removal of the tree or a replacement tree . It must cause damage and be caused by a covered peril . Hope this helps .


Input: What Happens If I Can't Get Homeowners Insurance?

Output: Keep in mind that if one insurance company will not insure your home that does not necessarily mean that your home is uninsurable . And to take it a step farther ... . just because your home does not qualify for insurance with the standard markets , this does n't mean that it will not qualify for a home with an excess / surplus lines carrier like Lloyd 's . Contacting the insurance department is a good idea as I know that PA has the `` Fair Plan '' and you can go to : WEBSITELINK for some additional info because your state might have a similar site to access . -- @MooneyInsurance


Input: What Happens If I Can't Get Homeowners Insurance?

Output: Depending on your State laws , you may have the option to obtain coverage through a State Fund or similar product . I would reach out to the Department of Insurance where you live and inquire about options . Typically insurance carriers will deny coverage for a property based on the risk involved in insuring the location . For example , a home in a heavily wooded area , in an area where forest fires are of concern , would carry a much higher risk than a property in a downtown neighborhood might . In these cases , the State Insurance Fund normally covers the property . However , depending on your state , this insurance is not very cost effective , and can be very limited in coverage . In some cases , once you have the State Fund policy in place , you can find an insurance company who can provide a rider policy to cover items the State Fund does not cover .


Input: Is Life Insurance Sales A Good Career?

Output: Perhaps this question is best answered by the statistical averages gathered over the years by LIMRA -LRB- Life Insurance and Market Research Association -RRB- : - Only about 7 % of agents that sign on with a single insurance company remain with that company past the first five years . - The percentage that remains in the business after departing from their first insurance carrier is around 20 % and each year that percentage declines . - About 3 % of all individual sales representatives that enter the insurance business remain in the business for 20 years or more . - The average age of a life insurance agent today is about 57 years old.It has been said that if you can sell life insurance , you can sell anything . As a career , being a life insurance agent can be very rewarding , but it is highly unlikely that life insurance will be the only line of insurance you sell unless you become highly specialized and work with other advising financial professionals as a team in the high-net worth market . Otherwise , you will find it necessary to sell other lines of insurance , notably health , DI , Annuities , LTCi , or property-casualty insurance -LRB- auto , home , liability , etc. -RRB- to pay the bills.Sometimes , insurance agents become securities-licensed and obtain various professional designations that allow them to practice financial advisory services and sales of stocks , bonds , and mutual funds . This is a fairly recent trend and usually results in the sale of life insurance being a rare occurrence due to all of the other responsibilities of being a financial advisor.Perhaps the most rewarding thing about being a life insurance agent -LRB- or being licensed to sell life insruance , among other things -RRB- is being the person that `` delivers the check '' to the survivors of someone that died prematurely and on whom there was a high level of financial dependence .


Input: Is Life Insurance Sales A Good Career?

Output: For most of us who have been around for 25 years or more , the answer is yes . The life insurance industry is a great vocation . You never really understand your career until you deliver your first death claim to beneficiaries . The power of handing over a check to a widow when every other creditor is hovering over her is one of the greatest experiences youll ever have as an agent .


Input: Is Life Insurance Sales A Good Career?

Output: For the right person selling life insurance can make for a great career . The key is figuring out if you 're the right person . Short of second or third generation insurance families , you wo n't find anyone who dreamed of being a life insurance agent as a child . As William wrote above , the statistics for success in life insurance sales are terrifyingly bad . However the ever increasing age of the average life insurance agent along with so few new agents entering the industry will present some great opportunities for young people who want to build a business . The demographics of the average life insurance agent are male , pale and stale . In other words , old white men . If the industry is to survive , and there is little doubt the industry will survive , those demographics have to change . There are two primary facets of a life insurance career . You need to be good at sales , and you need to know insurance . My experience is that the few people who do succeed in this business had a solid foundation in one of those camps starting out . A good salesperson has the ability to switch industries . If you have had some success selling cars or real estate or electronics , you will be able to sell life insurance . You will be able to learn the products and the industry as you go along and build a good career . If you have solid insurance industry experience but have never sold anything , you also have a better chance at success . Even if your experience is as a CSR in a P & C agency , you will pick up the life insurance side of the business quickly . You already speak insurance , now you just need to learn how to sell . But people who `` try out '' selling life insurance who have no sales experience and no insurance experience rarely succeed . It is just too difficult to learn the skill of selling at the same time you are trying to learn about insurance itself . So yes , life insurance sales is potentially a good career if you have sales experience . It is also potentially a good career if you have experience in some other facet of the insurance industry . If you do n't have either of those things , you will probably not find success in life insurance sales . Best of luck in your career !


Input: Who Can Be A Beneficiary On A Life Insurance Policy?

Output: The beneficiary of a life insurance policy can be a relative , business colleague , person or entity to whom money is owed , funeral home , charity , fiance , domestic partner , live in friend , or anyone else with a financial tie . If they would suffer financially if you died , they can be your beneficiary . Or if you are now receiving money from them , life insurance can be a way of paying them back .


Input: Who Can Be A Beneficiary On A Life Insurance Policy?

Output: To be a beneficiary on a life insurance policy , you need to have an insurable interest in relationship to the insured , i.e. would you suffer economic loss at the demise of the policy insured ? Conventional beneficiaries are family members , business partners or charities that depend on the insured .


Input: Who Can Be A Beneficiary On A Life Insurance Policy?

Output: Sometimes partners in a business will draft a buy-sell agreement . This agreement will define what happens to the business if one of the partners dies by mandating that the surviving partner buy the deceased partners share of the business at an agreed upon price . In this way each partner knows that should he die his heirs will receive a fair price for the value of the business . It also protects the surviving business owner from becoming partners with the deceased owners family . A buy-sell agreement is usually funded with life insurance policies . The partners will be the owners and beneficiaries of each other 's policies . Businesses will also sometimes take out insurance policies on key employees , known as key man insurance . In these situations the business owns the policy and is the beneficiary of the policy .


Input: Who Can Be A Beneficiary On A Life Insurance Policy?

Output: Once a policy is in force the beneficiary can be changed to almost anyone . The person with the authority to change the beneficiary is the owner . The insured doesnt have any control over the policy once it is issued . This can lead to bizarre beneficiary designations . The requirement that there be an insurable interest does not apply once the policy has been issued .


Input: Who Can Be A Beneficiary On A Life Insurance Policy?

Output: Maybe there are different rules in other states , but according to the insurance manual I studied for my insurance producer license the Owner of the policy may assign ANYone they choose to be their Beneficiary . It can be a family member or a friend . It can be a charity or the homeless guy at the park , -LRB- as long as you know his name and he can identify himself positively -RRB- . In order to buy insurance on someone you must have an insurable interest , but the owner of an insurance policy may name anyone they want as the beneficiary .


Input: Who Receives The Benefits Of Disability Insurance?

Output: Individual disability insurance benefits are paid to insured worker listed on the policy . If a business takes out a key man disability insurance policy on an individual , those benefits would be paid to the company , not the employee who is injured . Also , with business overhead expense disability insurance , depending on the policy , the benefits could go toward a bank -LRB- if a loan was involved -RRB- or to the business owner -LRB- possibly a partner , if not the insured -RRB- .


Input: Who Receives The Benefits Of Disability Insurance?

Output: The benefits of Disability Insurance are paid to the worker who is disabled and unable to perform the duties of his or her regular job . Disability Insurance replaces some of the lost income by paying the cash benefit directly to the employee who has lost wages due to his or her disability .


Input: How Long Can You Be Under Your Parents Health Insurance?

Output: One of the changes to the Patient Protection and Affordable Care Act -LRB- Obama Care -RRB- was to allow a child to stay on a parents plan until the age of 26 . There have been many negative implementations with this bill , but this is one of the good ones . Many College students are having trouble finding work in a less than stellar economy . This change will help make sure theyaccess tohealthinsurance .


Input: Is Car Insurance State Specific?

Output: Automobile insurance is issued according to the laws and regulations of the particular states . Procedures vary from state to state and are administered by an insurance commissioner in each state . These commissioners do cooperate and many regulations are similar however , for a variety of reasons they are unique to their state .


Input: What Is A Retirement Plan Specialist?

Output: There are financial advisers and insurance professionals who hold themselves out as retirement specialists . Retirement planning is a very broad area . Those who are specialists must be well acquainted with qualified and non-qualified retirement plans , Social Security , Medicare , Medicaid and long term care assisted living options . They also need a good understanding of taxes and life expectancy tables to formulate a retirement model .


Input: When To Start A Retirement Plan?

Output: You should start a retirement plan as soon as you have a job . Even a small disciplined amount at the beginning can condition you to pay yourself first before any other expense . You can increase the amount as your monthly budget generates more cash flow . Your retirement years may be longer than you think with life expectancy ever increasing . What you do today will determine how you 'll live tomorrow .


Input: Is Life Insurance Mandatory For A Mortgage?

Output: No , life insurance is not usually mandatory for a mortgage . When PMI -LRB- private mortgage insurance -RRB- is required due to a low down payment , that is not the same as Life Insurance . PMI exists to protect the lender , and only pays the lender the amount that is owed them . It has a high cost compared to regular Life Insurance . While having regular Life Insurance is a great way to cover a mortgage -LRB- it goes to your beneficiary so they can pay off the house , put it away and live off the interest , or whatever works best -RRB- , lenders do not usually require it . If you have put enough down , they are in OK shape just taking your house if you die . All the more reason to get life insurance .


Input: Is Life Insurance Mandatory For A Mortgage?

Output: A mortgage is generally the largest debt you 'll ever have on the one of the largest real estate asset you 'll ever own . Most banking institutions require life insurance for those depositing a small down payment . The rule of thumb on down payments that requires life insurance is under 20 % of the value of the home .


Input: How Much For Life Insurance Per Month?

Output: As an example , a male age 35 in above average health can expect to pay around a $ 1 per day for $ 500,000 of 10 year term insurance . The cost for pure term life insurance varies based on age , amount , coverage period , issuing company , your health and your lifestyle . Permanent coverage will cost more but can be designed so that it can not be outlived -LRB- the main problem with term -RRB- and will build cash values that grow tax-deferred .


Input: When Are Annuity Units Determined?

Output: Annuity units are determined after the accumulation phase of the annuity and before the annuitization phase . When the contract becomes annuitized , the accumulation units become annuity units . An actuarial formula is used that takes into account age , sex , payout rate , and assumed interest rate . The number of annuity units and value of each unit is determined at this time , right before starting the annuity payouts .


Input: Can You Get Disability Insurance If You Are Already Pregnant?

Output: Unfortunately , you can not get disability insurance while you are already pregnant . The pregnancy would be considered a pre-existing condition , as it would be a certain reason for the disability policy to pay out . As soon as your baby is born , you can apply for either long or short term disability insurance .


Input: Does Nationwide Offer Long Term Care Insurance?

Output: Actually , Nationwide has a very good hybrid policy that combines permanent life insurance and a comprehensive long term care rider . I use this product alot in my practice for people that have a need for both life insurance and LTC . Advantages of this product is that the benefit will always be used no matter what happens to the individual ; either they will have a long term care claim , or they will pass away and the death benefit will pass to their beneficiaries . Disadvantages of this approach to LTC planning is that there is no potential for any premium write-off and no Partnership protection .


Input: What Is Annuity Commencement Date?

Output: The Annuity Commencement Date is generally the distribution date selected by the annuity policy owner . That date could start immediately or deferred to a later date . And just to cover the other possible option to the question : The Annuity Commencement Date could refer to the date the policy begins crediting whatever method the annuity is using .


Input: What Is Annuity Commencement Date?

Output: The annuity commencement date , or annuity start date , is the date that the annuity starts making payments to the annuitant . If an immediate annuity , this date is shortly after the annuity is purchased . If a deferred annuity , this will be some years in the future , after the annuity 's accumulation phase .


Input: Can I Get Life Insurance Coverage If I Have Diabetes?

Output: Most people with diabetes can get life insurance . Children with type 1 diabetes are the notable exception ; it is very difficult to find a policy for them until they are at least age 18 . All the more reason to add your children to a child rider or get them a policy of their own while they are very young , especially if diabetes runs in the family . The types of policies that you can get while having diabetes , are as varied as the persons with type 1 , 1.5 , 2 , or gestational diabetes . Underwriters will look at your history of control , with A1C being the dominant indicator , but also at whether you have current complications such as neuropathy , heart disease , or kidney disease . They will look at your age of diagnosis , the length of time you have had diabetes , and the types of treatments you have had . Based on all this data , the insurance company will determine how to rate you . People with diabetes can be rated Preferred all the way to a high table rating . If your blood glucose is too high or you have too many complications to get a medically underwritten policy , there are simplified issue or guaranteed issue policies available for most people . Contact an impaired risk life insurance specialist with experience in life insurance for people with diabetes , to be sure that you get placed with a company that will approve you at the best possible rate .


Input: Can I Get Life Insurance Coverage If I Have Diabetes?

Output: Video Transcript : Can I get life insurance if I have diabetes ? Well , I want to ask some questions first . Has there been any weight change , ten pounds or more , all within the last year ? What is the reason for that change ? When were you diagnosed with diabetes ? Are you controlling your diabetes through diet and exercise ? Are you using all medications ? Are you using insulin ? Has the insured or the person that 's looking for this , had any chest pains or coronary artery disease ? Remember sometimes diabetes with weight and these other ancillary diseases , can complicate it . We call that '' `` multiple impairments . '' '' So , if I can start to answer some of these basic questions , is it diabetes 1 ? Is it diabetes 2 ? Is it controlled by diet and exercise ? Is it controlled by insulin ? Was it adult onset ? I can get a good idea just with this questionnaire , to what kind of offer we can give from life insurance companies that are benevolent towards diabetics .


Input: Will My Homeowners Insurance Pay For Mold Damage?

Output: Every policy is different , and every state as well . In CT , you will more than likely find that you are covered for mold damage/remediation up to $ 10,000 for the damage to your home or property and up to a medical limit of $ 1,000 per person and poicy limit of $ 50,000 for any illness that may be caused by mold . The property damage coverage will be subject to your Homeowners ' policy deductible . It is always best to ask this question of your insurance professional to find out what particular coverage your policy provides .


Input: Will My Homeowners Insurance Pay For Mold Damage?

Output: That is really going to depend on your policy . Some homeowners insurance policies include limited mold coverage within the policy usually less a deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Can You Buy Life Insurance On Your Parents?

Output: Yes you can buy life insurance on your parents . you 'll need to justify the amount and of course receive there signature on the application acknowledging them as the policy insured . You may want to consider securing premium quotes on both individual and survivorship life insurance . Life insurance on parents in an under utilized financial tactic fro the next generation 's economic benefit .


Input: Can You Buy Life Insurance On Your Parents?

Output: The short answer is it depends . If you are dependent upon your parents income or assets for your livelihood , the answer is yes . If you are responsible for their debt upon their death , then yes . If you are responsible for the final expenses then yes . If none of these are true and you are just wanting to profit from their death , then the answer would be no .


Input: Who Is Geico Homeowners Insurance Insured By?

Output: In answer to your question here , unless someone has knowledge to the contrary , Geico backs Geico homeowner policies . Even though Geico is a wholly owned subsidiary of Berkshire Hathaway , the Company of which Mr. Warren Buffett is Chairman , the Geico Corporation is licensed to do business in all States and would pay claims under the Geico name .


Input: What Is The Best Life Insurance For Doctors?

Output: There is no one life insurance COMPANY that is the best for doctors , although some companies are much more lenient than others regarding medical records . In my experience in writing physicians ' life insurance , many physicians treat themselves , and thus do not have the medical records that many companies require for policies with large face amounts . I have much better results with some companies than others , for that reason . Regarding what TYPE of life insurance to get , you will want to fit your policy to your need . If you have a temporary need , just as wanting your mortgage to be paid off if you died , you will save money by taking your policy in 20 or 30 year Term . If you want a vehicle for tax favored income in retirement , Indexed Universal Life works well . A knowledgeable agent can guide you through your choices so that you get the most bang for your buck . Finally , the AGENT you choose is important for doctors . Some agents will not understand the medical terms you use . Some do not know the underwriting process well enough to work with insurance companies for cases `` outside the box '' . Some will try to take advantage of what they perceive to be your `` wealth '' . Choose an agent who will treat you like a human being , who knows how to write all types of policies , and who understands underwriting enough that they can get you a fair price .


Input: What Is The Best Life Insurance For Doctors?

Output: Video Transcript : What is the best life insurance for doctors ? There 's no such as thing one carrier that 's really the best for physicians . They may have an underwriting program that 's a little bit more benevolent for wealthy clients , and generally , doctors are wealthy clients . They may be a little bit more benevolent in medical underwriting ; they may be a little bit more benevolent in giving more death benefit amounts for insurance justification purposes . For one carrier to say that they are better at physician underwriting than another , I 'm not really sure that that 's true . What I 'm looking at always is , ` Who has the best deal and price tag based on my medical condition ? ' then I can fit that into what I 'm presenting to a physician and using brokerage companies that will give me several carriers on a spreadsheet . I 'll be able to determine which is the best contract for that physician .


Input: What Is The Best Life Insurance For Doctors?

Output: I assume as a doctor you are `` self employed '' . As a doctor your cash flow is going to be significant and the best life insurance policy is the one that you can use in your `` defined benefit plan '' . Why ? - because you can put large sums into the retirement plan and build assets very quickly using the tax advantages of life insurance . If you will find a Chartered Financial Planner or a Chartered Retirement Planning Specialist in your town they can show you the difference


Input: What Is The Best Life Insurance For Doctors?

Output: Doctors and ditch diggers need a life insurance program that is in force when they die . If they have a temporary need the purchase of term insurance to cover that time frame and obligation makes good sense . There are many ways to buy life insurance and many plans to consider . A trusted insurance agent is the most important decision that you can make . Settle on appropriate limits and listen to the agents advice . When you die , there wont be any criticism of the plan or company you selected as long as there is a death benefit .


Input: What Is The Best Life Insurance For Doctors?

Output: As a physician you are most likely earning a fair income and want to be sure to minimize your taxes . The government would like to take most of your money and that of your heirs , but there are some very specific ways to avoid much of that government taking . New York Life allows me to provide you with their Whole Life Insurance , at elevated face amounts , due to your elevated income . With this Whole Life Insurance , you can be certain that your family and other heirs will receive their benefits completely tax free . New York Life will allow you to take out substantial amounts of life insurance , paying a premium which will build up over the years , while accruing interest that is tax deferred to you and tax free to your beneficiary when you die . You can borrow against this growing fund when you wish , and not pay taxes on that money if you decide not to pay it back , but instead allow it to lower the death benefit for the loan . You can also repay it and increase the death benefit as though no loan had been taken . While constantly growing , your beneficiary will be taking your large estate in life insurance , paid by your premium payments , take free to the beneficiary , while passing your estate tax free at up to $ 14,500 per year in tax free premium payments . If your estate is even higher , we can equip you with tax sheltered annuities which can pay you for the rest of your life . Also of note are our Long Term Care Benefits , which you can protect your entire estate with by ensuring you never have to pay for such long term care or be a burden on your family . In short , as your New York Life Agent , I can provide you with a variety of very suitable choices from which to protect your assets and your family , while keeping the tax agents far from your door .


Input: Which Is The Best Home Insurance Policy?

Output: The best home insurance policy is the one that is in force when you experience damage or are sued . Regardless of the premium the claim is likely to be a great deal more than what you paid for coverage . The policy in force could be from any admitted company and your state insurance commissioner is going to be very interested if the company fails to keep its promises .


Input: What Does Home Owners Association Insurance Cover?

Output: This can vary from one Association to another . As it pertains to actual property I have seen as little as the grounds only to the complete building you own . Most common coverage is what we call studs out . The HOA would cover your home from studs out in a loss and the owner would be responsible for walls in on a separate policy . Also the owner is responsible for their own personal property , liability protection , medical coverage and loss of use . Also it is very important to carry loss assessments since in an HOA situation a homeowner can be assessed for a loss even if the owners property suffered no damage . In an association you are one big happy family . Always get a copy of your CC&R 's and consult your agent for the proper coverages and protection .


Input: About How Much Is Life Insurance?

Output: The cost of life insurance varies widely , so much so that there is no way of giving an estimate of price . It can range from $ 20 per month , to over a million dollars per month . The price depends on age of the insured person -LRB- the younger you are , the lower the price usually is -RRB- , the length of time that the premium is guaranteed to stay level -LRB- e.g. 10 year usually costs less than 30 year term -RRB- , health of the insured person , tobacco use , and other factors . To get an estimate of what life insurance might cost for you , you can visit a website that offers free online quotes . Contact the website directly to visit with an agent who will ask specific questions to make your quote more accurate .


Input: About How Much Is Life Insurance?

Output: Life Insurance is based on a number of factors ie . your age , if you smoke or not , what is your health like ? , do you take any medications and why , how much coverage are you looking for . The Life Insurance companies look at your mortality , in other words , how long do they expect you to live . If you are young , healthy , your cost of insurance will be low . If you have a medical condition , your rates will start going up . The best way to find out the cost is to get quotes . Not from just one company , but from several as they all have different rates .


Input: What Is A Deductible For Health Insurance?

Output: A deductible is the amount of money you must pay before your health insurance benefits begin paying for services that are subject to the deductible . For example , if your deductible is $ 2,000 , you 're required to pay the $ 2,000 deductible for services before the plan benefits `` kick in . '' The deductible may not apply to all services though - some services , for example , may only require a copay or coinsurance amount , varying from plan-to-plan .


Input: What Is A Deductible For Health Insurance?

Output: A deductible is the dollar amount you may be responsible for before specific benefits are paid . Typically , a deductible does NOT apply to preventive benefits on most plans . This is a result of the Affordable Care Act legislation that was recently passed . On many policies , a deductible may only apply to major medical expenses instead of office visits and prescriptions , when a smaller copay may apply -LRB- in lieu of a deductible -RRB- . There are many deductible options , as they usually range from $ 0 to about $ 6,350 per person . What deductible is best for your situation ? An experienced broker will compare available plans and guide you through the process of picking the ideal amount .


Input: Does Life Insurance Money Count As Income?

Output: Life insurance income that can be taxable if the contract is a modified endowment contract or the life insurance cash values are annuitized . Universal life insurance policies issued after June 21 , 1988 with gain in the contract that is governed under TAMRA could cause withdrawals to be taxed during the first 15 years of the policy . If the policy lapse before the death of the insured , all policy loans exceeding basis and internal policy loans are characterized an phantom income taxable at ordinary income rates .


Input: Does Life Insurance Money Count As Income?

Output: One of the benefits of life insurance is that the death benefit received by the beneficiary is not included in taxable income . Should the insurance company issue the death benefit in `` checkbook '' form , where the beneficiary receives a checking account in lieu of a lump sum , the insurance company would pay a small interest rate on the funds held on deposit . This interest would be taxable , but not the death benefit .


Input: What Is An Average Home Insurance Rate?

Output: There isnt an average homeowners rate . Every home is unique . I can tell you that my clients pay about $ 900 per year on homeowners insurance but I really havent helped you out . Contact an insurance agent . The agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Setting proper limits is where the agent will help you the most . At the time of claim it is not good to find out that your coverage is inadequate .


Input: Can Medicare Be Secondary To VA?

Output: Yes , Medicare can be secondary to VA. . The two do not work together ; the VA only covers services provided at VA facilities and Medicare does not cover care provided at VA facilities . But if the VA approves care outside their providers , Medicare might cover it . As far as drug coverage goes , VA drug coverage does not have a premium and covers most or more than the drugs covered for Medicare Part D so there may not be a need for both plans if the VA is your primary provider .


Input: What Is A Flexible Premium Deferred Fixed Index Annuity?

Output: A Flexible Premium Deferred Fixed Index Annuity means you can add funds to it throughout the contract . Deferred refers to the tax deferral annuities have . Fixed Indexed refers to the crediting strategy meaning it credits growth from one of the indexes in the stock market . The S&P 500 is the most common . Thank you for your question . Let me know if you have any further questions as there are many designs to these type of annuities .


Input: What's Medicare Part B?

Output: Part B is your physician insurance - it covers doctor visits , tests , surgeries , preventive services , and supplies including DMEs -LRB- durable medical equipment -RRB- . The Part B deductible is $ 147 in 2014 . You 're responsible for about 20 % of healthcare expenses covered by Part B - Medicare only covers approximately 80 % of the costs . Most people who have Part B will also have Part A -LRB- your hospital insurance -RRB- - Part A is premium-free for most people . You may want to consider buying a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- to cover the other 20 % . Please feel free to contact me if I can be of further assistance . Thanks very much .


Input: What's Medicare Part B?

Output: Part A covers inpatient hospital stays , skilled nursing facility stays , home health visits -LRB- also covered under Part B -RRB- , and hospice care , and accounted for 32 % of benefit spending in 2012 . Part A benefits are subject to a deductible -LRB- $ 1,184 per benefit period in 2013 -RRB- and coinsurance . Part B covers physician visits , outpatient services , preventive services , and home health visits , and accounted for 19 % of benefit spending in 2012 . Part B benefits are subject to a deductible -LRB- $ 147 in 2013 -RRB- , and cost sharing generally applies for most Part B benefits . Part C refers to the Medicare Advantage program , through which beneficiaries can enroll in a private health plan , such as a health maintenance organization -LRB- HMO -RRB- , and receive all Medicare-covered benefits . Payments to Medicare Advantage plans to cover Part A and Part B benefits accounted for 23 % of benefit spending in 2012 . More than 13 million beneficiaries were enrolled in a Medicare Advantage plan in 2012 -LRB- 27 % of all beneficiaries -RRB- . Part D is the voluntary , subsidized outpatient prescription drug benefit , with additional subsidies for beneficiaries with low incomes and modest assets . The Part D benefit is offered through private plans that contract with Medicare , both stand-alone prescription drug plans -LRB- PDPs -RRB- and Medicare Advantage prescription drug plans -LRB- MA-PDs -RRB- . In 2012 , Part D accounted for 10 % of benefit spending . About 32 million beneficiaries were enrolled in a Medicare Part D plan in 2012 .


Input: What's Medicare Part B?

Output: Part B of Medicare covers doctor and outpatient visits for the diagnosis and treatment of your health conditions . These are Outpatient Services received at a doctors office , hospital , clinic , or other health facility . There is an annual deductible of $ 166 for Part B services and after the deductible has been met Medicare covers 80 % of your Part B medical expenses and you are responsible for the other 20 % unless you have a Medicare Supplement Plan . Most people who sign up for Medicare this year will pay monthly premium of $ 121.80 to the Federal Government for their Part B coverage .


Input: How Does An Insurance Deductible Work For Home?

Output: When a claim occurs the adjuster arrives at a proposed settlement . If you agree with the amount then the claim is settled . The company will pay you the settlement minus the deductible unless the claim involved liability . Liability claims are generally handled without any deductible . The deductible can generally be used to reduce your income tax liability .


Input: How Does An Insurance Deductible Work For Home?

Output: There are various deductibles in homeowner policies . The higher the chosen amount of the deductible , often between $ 100 and $ 1,000 or more in a typical homeowner policy , the lower the premium you should be paying . The amount you choose as your deductible is what you as a homeowner will absorb in the event of a covered loss . Once the amount of a covered loss is determined , the insurance carrier responds by paying the claim less the homeowner deductible . Generally you choose the amount of your deductible by determining the highest amount you are willing to pay on your own in the event of a covered loss . How much risk can you afford to hold ? Toward determining this , it is important to remember that you do not want to be submitting claims for small losses . A poor loss history will work against you in the long run . So , use that as another determining factor in the amount of your chosen deductible . Always ask your independent agent to help you with this process .


Input: What Is The Number 1 Life Insurance Company?

Output: If you are asking about ratings of the life insurance company , you can go to the `` About Us '' tab on the carrier websites to see what they are rated by AM Best , Fitch , Moody 's , and S&P . Some that are rated A + + by AM Best are Northwestern Mutual , New York Life and USAA .


Input: What Is The Number 1 Life Insurance Company?

Output: The number one life insurance company in the U.S. in what category ? Assets and in-force business is Metlife . Te number 1 five year net investment yield is John Hancock . The best term life insurance for healthy people may be SBLI . The best indexed universal life for tax advantaged income : Allianz , NACOLA and LSW .


Input: Can You Be Denied Long Term Care Insurance?

Output: Long Term Care Insurance is a morbidity insurance product . Medical underwriting investigates health history and current medical condition . Unlike life insurance which is a mortality insurance product , long term care underwrites prior events both injury and disease . As we age , morbidity events are more likely to occur . If the morbidity underwriting debits are too negative to overcome health credits from an underwriting balance sheet point of view , the application will be denied . Its important to secure long term care insurance when youre young and healthy , when the underwriting classifications are more favorable and the premium is less expensive .


Input: What Kind Of Insurance Do I Need If I Rent Out My Home?

Output: For a rental house you need landlord policy . Which covers your rental house for liability , loss of rent and damage to the house from fire , and other things . The biggest things people forget to do if you rent there house and move out is change there insurance policy from homeowners to landlord policy .


Input: Does Private Health Insurance Cover Doctor Visits?

Output: If you are referring to true major medical insurance policies that are in compliance with the requirements of the health care reform law then the answer to your question is `` Yes '' . Now , how the particular health insurance policy you select actually covers doctor 's office visits will vary between both insurance plans offered by an insurance carrier and from one insurance carrier to another . You could have a plan with office visit copayments that apply immediately , office visits could be covered at the plan 's co-insurance level with no deductible applying , or all health care services , including doctor 's office visits , could be subject to the plan 's deductible and co-insurance provisions . So , the consumer 's experience could range from a copay of perhaps $ 20 for the office visit to paying 100 % of the costs if it is subject to the plan 's deductible . The bottom line is to do your homework and study the coverage details of the health insurance plan you are enrolling in . There is much more to consider about a health insurance policy than just its monthly premium cost .


Input: Does Allstate Have Disability Insurance?

Output: This Allstate website gives an overview of the products that they sell : WEBSITELINK . In order to find Disability Insurance , contact an agency that sells a large number of products so that you can be sure to get a competitive quote . Using a company that is well known for their Disability products will help you get a good policy that is likely to pay if needed .


Input: What Does Health Insurance Cost For Self-Employed?

Output: Under the new Affordable Care Act , you have a range of options from each carrier . The four main types of plans are named after metals : bronze , silver , gold , and platinum -LRB- bronze provides the least coverage , but the lowest premiums , and platinum provides the most coverage , but the highest premiums -RRB- . How much your health insurance costs is going to depend on several factors : your age , where you live , what level plan you want , and which carrier your policy will be with . An independent insurance agent/broker can help you find the plan that 's most suitable for you .


Input: Does Health Insurance Cover Veneers?

Output: I am assuming you are talking about dental veneers , in which case the answer would be no unless they are medically necessary due to a covered illness or accident . You dental insurance may offer some coverage for tooth veneers . Health insurance is designed to help pay for illness or accident and will not generally cover any cosmetic non medically necessary procedure


Input: Does Health Insurance Cover Veneers?

Output: Dental procedures are generally not covered by your health insurance plan . This includes veneer 's , crowns , caps , implants , fixed appliances , etc. . If your tooth has been damaged as a result of an accident you may have some dental benefits under your health insurance plan . Same is true if you had oral surgery to treat a condition such as cancer . In that case restorative procedures would usually be covered by your health insurance plan .


Input: Does Home Insurance Cover Garage Doors?

Output: If you mean does yourhomeownersinsurance cover garage doors for a named peril then yes . Named perils would be fire , or collision -LRB- car running into it -RRB- to name the top two . If you refer to the Garage door malfunctioning in some capacity then the answer would be no . Mechanical breakdown is not a peril of a homeowners insurancepolicy Some insurance carriers are just now starting to offermechanicalbreakdowncoverage ` sfor an extra premium on your home insurance policy . Discuss with your local agent to see if this is an option available to you .


Input: Does Fidelity Offer Life Insurance?

Output: Fidelity Life Association offers individual life insurance products including LifeStory Term , Hybrid Life , Rapid Decision Express , Rapid Decision Universal Life , Rapid Decision Mortgage Term , Rapid Decision Senior Term and Whole Life , and Accidental Death Benefit . Most of these do not require an exam . Contact a website that offers Fidelity Life quotes in the list of quotes to talk to an agent that sells Fidelity Life Association insurance prodcuts .


Input: Who Has The Best Disability Insurance?

Output: As Peggy said , your occupation will most likely determine which company is best for you . Well , that and your health history . If you have a high risk job or any serious health conditions , you would want to look for an impaired risk carrier like Petersen International , Fidelity or Assurity . But if you have a white collar job and are in good health , you 'll get great quotes from The Standard , Principal , MetLife , MOO , etc. .


Input: Who Has The Best Disability Insurance?

Output: There are many companies that offer good Disability Insurance , and some companies are better for certain occupations than others . Contact a broker that sells Disability Insurance -LRB- a Life Insurance broker may also sell Disability Insurance -RRB- to obtain several quotes from a few good companies . Then you can pick the best one for your particular situation .


Input: How Much Is Homeowners Hazard Insurance?

Output: Home Insurance , Homeowners Insurance andLandlords Insurance is commonly referred to as Hazard Insuranceby Mortgage Companies . The premium charged for Homeowners Insurance is based onbut not limited to the following : Geographic Location , Age of Home , Retail Reconstruction Cost of Dwelling , Type of Roof , Prior Claims and a few other characteristics which would affect the risk the consumer transfers to the insurancecompany . There is an approved Online Source providing a Self Service Quote & Buy Platform for Home Insurance Online ; the link is available to you and applicable in many States . WEBSITELINK The link provides a free quote , allows you to select options , asks you the appropriate Underwriting Questions -LRB- qualification questions -RRB- and issues the policy directly online . If you have coverage related questions , it is advisable to contact a licensed professional to assist with the process .


Input: When Does Auto Insurance Go Down For Age?

Output: Rates are typically know to adjust at ages 18 , 21 , and 25 . Rates are also known to adjust based on credit history and marital status . Please remember every carrier and every policy is different . Every carrier has its own level of risk willing to accept . This will set the premium levels based on the risk they are willing to take on .


Input: Who Needs Permanent Life Insurance?

Output: Who needs permanent life insurance ? People with permanent needs . I.e. needs that will not end after a certain number of years . No one knows for certain when death will occur , so funeral expenses will need to be covered by permanent life insurance if the goal is to pay off the funeral with life insurance . Leaving an inheritance to children or grandchildren will require permanent life insurance . If you have Term insurance , pass away after it expires , and can not qualify for or afford a new policy , the money you planned to leave your family will be gone . Most people do n't need all their life insurance in permanent policies , because some of their life insurance needs will be temporary . But when the need will not go away until death , permanent life insurance is the only sure solution .


Input: Does Homeowners Insurance Cover Firearms?

Output: Most insurance companies will have internal limits of $ 1000 for property coverage of firearms . If you are speaking about `` accidental discharge '' of a firearm that causes damage to something or someone I would need you to refer to your specific policy . In NY some companies will specifically exclude bodily injury from a firearm . Hope this answer helps .


Input: Does Homeowners Insurance Cover Firearms?

Output: Great Question . Homeowners insruacne does cover firearms with a specific limits on the firearsm . Make srue you read you policy on that specific limit . Most policy cover firearms up to $ 1000 if you think you have more in firearm value contact you agent and increase the limits on the policy .


Input: How Much Does It Cost To Buy Life Insurance?

Output: That question never has a simple answer . There are just too many factors to consider in order to correctly price a life insurance policy . The main factors are type of life insurance , term length , face amount , age , build , lifestyle , health status , income , residence , occupation and net worth just to name a few . I recommend using an independent life insurance broker to help you find the best policy and price for your unique situation .


Input: How Much Does It Cost To Buy Life Insurance?

Output: There are several different types of life insurance available . Term Insurance , Universal Life , Indexed Universal Life and Whole Life are the main types . Term life insurance will be the least expensive but it also offers the least flexibility in many ways . Term is just that - a definitive length of time . If you buy 10 year term and you die 10 years and one week later , it pays your beneficiaries nothing . Universal Life can last your entire lifetime with little or no cash build-up inside the policy . Indexed Universal Life and Whole Life can have significant cash build-up inside the policy which can be accessed through policy loans . This can be part of your strategy on paying for college , buying something major in your life or supplementing your retirement income . The cost of life insurance is determined by the amount of coverage desired , age , gender , medical history and the results of a paramedical exam . There is no cost to you for applying or for the paramedical exam - the insurance company covers those costs for you . By way of example , a non-smoking 25 year old female in excellent health , rated Preferred Best can get $ 250,000 of 20 year term for about $ 135 per year . I recommend you contact a knowledgeable , independent life insurance agent who can explain the different types of life insurance in more detail and help determine which is most appropriate for your needs . An independent agent will be able to let you pick from dozens of insurance companies available .


Input: Does My Home Insurance Cover Water Damage?

Output: As long as were not talking about a flood your homeowners insurance policy will cover most water damage . Damage would include for example but not limited to a water or steam pipe suddenly bursting and damaging your dwelling . Wind driven rain would be another example or even overflow of tub , toilet , sink , or washer . The damage must be sudden and accidental .


Input: What Is Pension And Annuities?

Output: The difference between a pension and an annuity : a pension is generally a defined benefit retirement plan and an annuity is an insurance product . It is conceivable that an annuity product could be the funding vehicle for a pension plan . Distinguishing between a plan and a product can help you categorize your understanding of financial terms .


Input: Can You Contribute To A 401K And A Roth IRA?

Output: That is a great question ! If you can afford to contribute to both your Roth IRA and your 401k , then by all means do so ! What a great way to provide for your retirement . You can contribute $ 5500 per year -LRB- $ 6500 if you are 50 + -RRB- to your Roth , and $ 17,500 in your 401k . Ideally , you contribute the max to your 401k , especially if your employer matches , and then fund your Roth , to ensure that you have some tax free income to balance the taxed income from the 401k . What a great question ! Thanks for asking !


Input: What Is Joint Term Life Insurance?

Output: Joint Term Life Insurance is life insurance that covers two people and will pay out upon the death of either person . When one of the insured parties passes , the death benefit is paid , and the policy ends . This is in contrast to Survivor or Second to Die Life Insurance , in which the death benefit does not pay out unless both parties pass .


Input: How Much Does It Cost To Get My Own Health Insurance?

Output: Health Insurance rates change from insurance company to insurance company and State to State . Each insurance company must submit rates to their respective state insurance commissioner for approval . Some companies charge higher rates for smokers . Since the ACA came into effect an insurance company can no longer deny someone due to their health . ACA also permits a person to change plans off Open Enrollment if their income increases or decreases . Some States offer State run insurance options inside a State based exchange such as Washington and some are using the new ACA Federal Site . Rates are based on age so the younger you are the less you will pay ... and some insurance companies even base rates on smoking or non-smoking , as stated above . If you are in a State that offers a State based exchange you may apply through the exchange to see if you qualify for a Tax Credit -LRB- premium reduction -RRB- and/or a Cost Sharing reduction -LRB- lower Deductible , Co-Insurance , Max OOP , or Co-pays . Or you can choose to purchase direct through an insurance company if you do not wish to receive a Tax Credit or Cost Sharing reduction . You can only apply during Open Enrollment which for most states is Nov 15 , 2014 - Feb 15 , 2015 for the 2015 tax year , UNLESS you have a Qualifying Event . 2016 tax year Open Enrollment will be Nov 7 - Dec 15th , 2015 . A Qualifying Event is something that changes your status such as a Divorce , Marriage , Adoption , Birth , Loss of Job , COBRA Ends , etc. . So , all this to say that you will need to check with your State to find rates or use my site to compare rates for your State if your State is using the Federal Exchange for 2015 . I will list my site link on here in my next post . Stay tuned ! Or contact me at 971-327-5792 requesting rate information .


Input: How Much Does It Cost To Get My Own Health Insurance?

Output: Getting your own health insurance is relatively easy and determining your cost does not take long . Your rate is based on your age , zip code , existing health conditions -LRB- if any -RRB- and what type of coverage you want . A young person may pay as little as $ 25 - $ 100 per month while a family of four may pay $ 150 - $ 800 per month -LRB- or more -RRB- . The best and quickest way to get a quick quote is to work with an experienced broker or visit their website . Often you will get an instant online quote that allows you to apply online directly to the carrier . No fees and no hassle ! Starting with October Open Enrollments , no medical information will be needed .


Input: How Much Is Medicare Insurance For 2013?

Output: It can vary depending on your state and county you live in . Your age is also a factor as well as your gender and smoking status . There are different plans you can choose to go with and different insurance companies charge different rates even for the exact same plan . You have to be much more specific with your question .


Input: Who Is Primary Medicare Or Tricare?

Output: Medicare standard is primary to Tricare in all cases . Medicare Part D , if you elect it is also primary to Tricare . If you have a Medicare Advantage plan , let both Tricare and your MA know about the other , and they will organize the coordination of benefits . One important thing to remember is that , if you have Medicare Part A and Tricare , in most cases you will also have to be enrolled in Medicare Part B to keep the Tricare coverage .


Input: Does Wells Fargo Offer Auto Insurance?

Output: Wells Fargo offers auto insurance and their rates are sometimes competitive , depending upon where you live . You can compare policies with them over the phone and they can tell you what they can save in premiums , or , in many areas , how much higher they are . They also insure motorcycles and boats . Your broker may represent them .


Input: Can You Cancel Life Insurance?

Output: Yes you can cancel your life insurance . However , if it is term insurance -LRB- also called temporary -RRB- it will be money lost and no policy will remain . With whole life or permanent , you may stop paying but continue the policy from the equity you may have accumulated . Or borrow against that equity , never having to repay it , keeping it tax free , while the policy remains in effect . But yes , even here , if it is what you want , you could cancel the whole life policy , getting the cash surrender value to keep , but it would be taxable and your policy would be ended . Thank you . GARY LANE


Input: Can You Cancel Life Insurance?

Output: Yes , you can cancel life insurance . There is no contractual obligation to keep it , although , as the other agents described so well , there can be negative consequences to cancelling it . The only person who can cancel the policy is the policy owner -LRB- not even the insured person , unless he/she is also the owner -RRB- .


Input: Can You Cancel Life Insurance?

Output: Great question ! You can , but I would advise you to think about why you want to first . There can be some consequences to cancelling your policy without another one in place , especially if you were to pass away . There would be no coverage for your final expenses . If it is a matter of cost , you can ask for reduced , or paid up coverage , and thus lower or eliminate your payments , and still have coverage . It may be difficult to get coverage at a lower or equal price , especially if you have aged significantly , or had issues with your health since the policy was purchased . If you would like to discuss this further , please contact me , I 'd be happy to make time to walk you through your decision . Thanks for asking !


Input: Can You Cancel Life Insurance?

Output: If you have a term life policy you can notify the company that you want to cancel it . If you have a whole life or universal life insurance policy with a cash value if you cancel it you could be entitled to the amount in the cash value less any surrender charge . I suggest you call the life insurance company 's customer service line and ask them for your options .


Input: Can You Cancel Life Insurance?

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


Input: Where Is The Life Insurance Surrender Cost Index Found?

Output: The Life Insurance Surrender Cost Index can be found on the policy illustration next to the Net Payment Index , or Interest Adjusted Index , IF it is included on the policy illustration . If you do not see it , contact your agent or the insurance company to request an illustration that has that information .


Input: Does Medicare Cover Ambulance?

Output: Medicare covers ground ambulance transportation when you need to be transported to a hospital , critical access hospital , or skilled nursing facility for MEDICALLY NECCESARY services , and transportation in any other vehicle could endanger your health . Medicare MAY pay for emergency ambulance transportation in an airplane or helicopter to a hospital if you need immediate and rapid ambulance transportation that ground ambulance ca n't provide . You pay 20 % of the Medicare-approved amount , and the Part B deductible applies . - Medicare & You 2013 -


Input: What Is The Most Affordable Health Insurance In North Carolina?

Output: There are many affordable health insurance plans in North Carolina . Humana and Aetna are two major carriers that typically offer quality medical coverage at very attractive rates . To get the best rate for the most coverage , it 's important to properly shop all of the large carriers and determine the best options . An experienced broker -LRB- and their website -RRB- can save you hundreds -LRB- or thousands -RRB- of dollars each year . As an experienced broker -LRB- 32 years of experience -RRB- , we try to view all of the available plans and match up the best prices with your needs . Since the State Exchange features an Open Enrollment , medical questions will not need to be answered . Also , a tax subsidy could reduce your prices quite a bit .


Input: Will Homeowners Insurance Cover Water Damage From A Leaky Roof?

Output: Yes . Generally homeowners insurance will cover the water damage from a leaky roof . If your carpet or personal property is damaged it should be covered under your policy as long as the roof leak came about unexpectedly . However , homeowners insurance will not cover the cost to repair the roof .


Input: What Is Table B Life Insurance?

Output: Life insurance underwriting has many classes from so-called `` preferred plus '' all the way to `` decline '' . Table ratings generally go from table 1 -LRB- also called table A -RRB- up to table 8 with some carriers even higher . Table rates add a multiple of the `` standard '' rate in most cases . Table ratings generally are used only on even numbered multiples . That is , table 2 , 4 , etc. . For a complete explanation including your particular health issues , speak with a good independent agent knowledgeable in heath issues and will access to a good independent underwriter .


Input: What Is Table B Life Insurance?

Output: Insurance companies tend to assign policyholders into a risk group - high risk , low risk , average risk , etc. . Life insurance companies really have only two risk classes : standard and preferred . Within these classes you can have subclasses : standard smoker . Standard non-smoker . Preferred smoker . Preferred non-smoker . And you can have preferred best and standard best subclasses as well . Table ratings are typically assessed on top of the standard underwriting class . The rating means that you basically are considered a standard risk , but due to one or more other factors , your risk is higher than the average standard risk . Insurance companies vary in how they weigh each table , but typically , each table represents a 25 % increase in price over standard . So , if your standard premium is $ 1000 per year , a table A rating would make that premium $ 1250 . A table B rating would make that premium $ 1500 . And so on . I have seen carriers assist table ratings for all types of reasons . These include a high PSA ; history of heart attack ; build ; alcohol history ; driving record ; mountain climbing ; prior drug use ; cancer history ; scuba diving ; aviation ; foreign travel . Basically , you could take a look at every one of the questions on your insurance application , and depending on your answer , an insurance carrier may want to assess extra premium . On the overall , I think that system works in favor of the consumer . You are still able to get coverage . The system is much better than a black or white , take-you-or - leave - you set up . In addition , I think that by and large these extra premiums are assessed fairly . Obviously , the broker needs to hook you up with the carrier that will most aggressively apply its underwriting guidelines in your case . One carrier may only assess a table B , but another one might be a table G ! Still another one might decline you altogether . Your broker needs to be your guide in fending your way through the life insurance carrier jungle out there :-RRB- One other important note here : carriers sometimes have sales on policies through what are called table shaving discounts . This means that for certain types of cases , for a set period of time only , they will make an offer of standard to somebody who normally would be assessed a table rating . They usually cap it at table D or so . And they usually limit it to only permanent insurance such as universal life . Sales like this can give consumers really good bargains . Basically , you could buy a permanent product for a lower cost than a term product simply because the underwriting concessions wouldnt be available on the term product . I would also like to add that carriers typically go up to table L or so . When I have a client who represents a very high risk due to a serious medical condition or dangerous hobby , I like to see how high I can get a carrier to go with a table rating . I mean , if somebody really needs the coverage and has the money to pay for it , why not put hit with the premium to make it worth your while ? Its fun to see how hungry carriers can be for somebodys business :-RRB- .


Input: What Is Table B Life Insurance?

Output: A Table B or Table 2 life insurance rating is generally equal to the standard rating plus an additional 50 % premium . As a rule of thumb , each table a carrier adds to a standard rating is a 25 % increase in premium over the premium for a standard risk class . Some life insurance companies use different rating systems than others , but this is generally the industry standard . Every life insurance company has different underwriting , so while you may have been offered a Table B rating by one company , you might be able to get a better rate , including standard or even preferred , with another company . If you have been assigned/offered a Table B risk classification on your life insurance application , it is likely due to the one of the following : 1 -RRB- Elevated weight to height profile 2 -RRB- Abnormal blood pressure readings 3 -RRB- Abnormal cholesterol readings 4 -RRB- Abnormal lab results , including A1C hemoglobin levels or elevated liver functions 5 -RRB- Abnormal EKG reading 6 -RRB- Diabetes 7 -RRB- History of cancer 8 -RRB- History of heart issues or heart disease 9 -RRB- Sleep apnea , including use of a CPAP or Bi-PAP machine 10 -RRB- Other disease or disorder 11 -RRB- A combination of the above conditions You may be thinking at this point that it would be a good idea to just apply for another policy with a different company and the results are better next time . DO NOT DO THIS !!! Every time you apply for coverage , the result of the underwriting gets entered in to the Medical Information Bureau database . When a carrier sees you have applied for coverage with multiple carriers and they each offer you a table rating , the less likely your odds are to get a better offer because it 's sort of like a red flag to other carriers . Before applying with any other insurance companies , you need to consult with a life insurance broker who has a strong background in high risk life insurance . A broker can shop your case informally to determine which carrier will work best for your specific medical history . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Is Table B Life Insurance?

Output: Life insurance is all about mathematics . There is a mountain of historical data that enables a company to develop standard rates . The company also employs an underwriter who reviews your application to determine if you meet the definition of standard . If you have been offered a table rating that means that the underwriter feels that your longevity is impaired . In other words , the underwriter thinks that you will die earlier than others in your age group . Most people offered table rates are aware of the conditions that would cause the company to take this action . Table ratings are often reviewable and can be removed .


Input: What Is Table B Life Insurance?

Output: Table B on your life insurance means that you had some type of risk factor that caused you to be charged a little more than Standard rates . You could have been rated table B due to weight , or a health condition , or some other type of risk factor . With most companies , one table rating adds 25 % of the Standard rate onto the Standard price . So a table B would cause your rate to be about 50 % higher than Standard -LRB- table B is the same as table 2 -RRB- . The table rating for some companies adds more than 25 % , for some companies it adds less than 25 % , and some add it onto a rate other than Standard . While no one likes to pay a higher rate , table ratings are really a very good thing because they allow you to get a policy even though you can not qualify for the Standard rating .


Input: Why Should Car Insurance Be Mandatory?

Output: States that require proof of auto insurance in order to register and operate vehicles on public access roads and highways mandate only that liability , uninsured/under insured motorist and in some cases , primary medical payments coverage be in force . States also set a minimum amount of these coverage . A lender or leasing company will require further that physical damage Comprehensive and Collision coverage be included in order to protect their interest in the car . The choice of deductible is yours usually up to a $ 500 maximum . Anything over and above these two elements is strictly up to you .


Input: Why Should Car Insurance Be Mandatory?

Output: Why should car insurance be mandatory ? The only actual mandatory part of auto insurance is the parts that cover other drivers or passengers who are injured by your driving . Any personal or additional coverage on your auto is because you want it or your lender requires it .


Input: Where To Get Good Life Insurance?

Output: There are many companies that have life insurance they are all good companies due to a life policy being a legal binding contract . So the questions a client should ask to themselves is what are my goals ? And what will they use it for ? There 's so many ways that a client can invest their money to change the families life style forever , And the husband or spouse does n't have to pass to use the money . The new living benefits investment can be just for that and a yearly income if you should live . Families are living longer with modern technology but also at higher risk for financial ruin due to high cost medical or nursing home care it essential in the 21st century to use a financial consultant . John Cole Virtual Financial Group Recruiter / Manager


Input: Where To Get Good Life Insurance?

Output: Good life insurance pays the death claim when the insured dies . Aside from that , the relationship that you have with an agent is important . Check with colleagues and neighbors and find out who they trust . The process is fairly personal and information is confidential . There are sophisticated ways to compare companies but keeping promises is what why a life insurance company is formed .


Input: Where To Get Good Life Insurance?

Output: Keep in mind that not all Life Insurance Companies are the same . Although they may all have the same product ie . term , universal life , whole life , etc. they are usually priced the same . Most companies have a niche which there product is very competitive . But sure to understand what you are needing first , such as guaranteed term for 20 years or permanent life insurance guaranteed to grow cash value and of course the death benefit you need . Then you can `` shop '' around for the carrier/broker which can meet your need .


Input: Where To Get Good Life Insurance?

Output: There 's many different quality carriers out there that offer life insurance coverage . The biggest factor to determine first is what risk class you qualify for . Each carrier has their own underwriting guidelines . For example , you may qualify for a preferred risk class from company A , but may only qualify for standard for company B. From there , what type of coverage you need and how much - you want to make sure that you 're comfortable with the premiums for the coverage you 're applying for . You also do n't want to apply to a bunch of different companies at once as this can work against you in many cases . I highly recommend talking to an independent agent who can assist you step-by-step in figuring out which is the best for your specific needs .


Input: Will Small Businesses Be Required To Provide Health Insurance?

Output: No one is required to offer health insurance , but employers are strongly encouraged to offer it as a way of attracting people to come work for them . Depending on how many employees there are for a given company , the employer may be subject to employer shared responsibility payments if they do n't offer group coverage and meet enrollment requirements . Employers also often offer group health insurance because they can get certain tax deductions and tax credits for doing so and enrolling employees . If you want to look into setting up a group health plan to offer your employees -LRB- or want to review your existing coverage to see if something better is available -RRB- , you want to work with an experienced health insurance broker . There 's many moving parts to group coverage . We have in-depth knowledge of the products available and can help design a policy that is suitable to your needs , your budget , and will offer great coverage to your staff . Please let me know if I can be of assistance . Thanks very much .


Input: At What Age Should You Get Life Insurance?

Output: Most people I talk to wish that they had bought their life insurance a few years ago . One man recently was kicking himself around the block for not doing so . Obviously , the older you are the closer the company is to the day that they will have to pay a death benefit . In other words , as you age you become a greater risk to the company and the company must charge more to compensate .


Input: At What Age Should You Get Life Insurance?

Output: A good age to get life insurance is when you are younger , as the premiums will be lower then . You will really notice the difference in rates for longer term or permanent policies . $ 250,000 of 30 year level Term will cost under $ 300 per year for a 25 year old male in Preferred health . At age 55 , that same policy would cost nearly $ 2,000 per year for a man in Preferred health . However , at age 55 there is a greater chance of having developed some type of health condition , which can increase premiums or even prevent you from getting that much life insurance . Therefore , it is best to get life insurance in your younger years , but any time you need it is a good time to get it .


Input: Why Am I Being Rated For Life Insurance?

Output: Life insurance is pure mathematics . The standard rate represents a band of acceptable risks . This band is determined by statistics and the rate assigned is a statistical projection of the cost of paying the death benefits to this group of people . When a persons health , occupation , or avocation cause their risk to be different from standard they are offered an altered rate . It could be a preferred rate , or it could be one of several bands of sub-standard rates . They could also be excluded from certain activities or declined .


Input: Why Am I Being Rated For Life Insurance?

Output: Being rated for life insurance means that you had a table rating tacked onto your premium . Table ratings come in letters or numbers , with A to H , or 1 to 8 , being as high as they usually go , although it is possible to be rated up to table L or 12 with some medically underwritten companies and policies . Most commonly , each table rating will add 25 % to the Standard premium . Again , some companies use a different guideline for table ratings , and those differences can make a big difference in the price , with the savings -LRB- or extra cost -RRB- compounding as the table ratings get higher . Table ratings are just an assessment of risk and mortality , as are all health ratings given by life insurance underwriters . If approvals ended at Standard , many people would not be able to qualify for life insurance . Being able to get a rated policy enables many persons with MS , type 1 diabetes , Hepatitis C , and other health conditions to get a traditional life insurance policy of any type or amount . PS I just saw that there is additional information to this question . If your blood pressure or A1C run high , or if you have had complications from your diabetes or hypertension , it will not matter if you are only taking two pills per day . If , however , you have a history of good control with both , you may need to look at a different company to see if you can get a better rating .


Input: Can You Keep Life Insurance On An Ex Spouse?

Output: If you are the owner of a life insurance policy , you are the person who has all the rights to that policy , including your beneficiary . If you had life insurance on your spouse and then got divorced , you can keep that policy unless the judge rules otherwise .


Input: Can You Keep Life Insurance On An Ex Spouse?

Output: Great question ! The simple answer is as long as there is still an insurable risk of loss , than yes - the two of you have kids together , business interests , etc. . If there are no ties , and you made a clean break , it might be a little tougher . Not knowing your situation , makes it tough to give you a specific answer . If you would like , contact me and I will try to give you a better answer . Thanks for asking !


Input: Can You Keep Life Insurance On An Ex Spouse?

Output: Yes , you can keep the policy on an ex-spouse however when you are divorced , you may have to take some extra steps to keep this policy from being disputed . Each state is different however here in Colorado , unless the separated parties acknowledge that the policy is in force and wanted -LRB- outside of a court order -RRB- , it could be disputed . I would recommend talking to a divorce/family attorney to make sure you follow the steps to keep the policy in-force and avoid surprises later .


Input: Can You Keep Life Insurance On An Ex Spouse?

Output: Having Life Insurance on an Ex Spouse is actually pretty common and in certain situation is required by the state if there are minor children from the marriage . I have meet with many people that have gone through a divorce and we have called their ex to talk about life insurance policies from everything like college funding to burial . Most ex spouses do n't have a problem with the conversation as long as it 's open and honest .


Input: What Does Medicare Part F Cover?

Output: Medicare supplement plan F covers quite a few items . Medicare supplement plans dovetail into Medicare Part A and Part B. Plan F pays 100 % of approved Medicare Part A and Part B claims that are not paid by Medicare due to deductibles and coinsurance . Medicare supplement plan F is the top of the line .


Input: Does Travelers Insurance Have Renters Insurance?

Output: One of the insurance carriers I represent is Travelers and yes , you can purchase Renters insurance through Travelers . I would look for a local agent who can assist you in placing a renters policy if you are interested . I am sure the local agent would be happy to quote Travelers if they have access and other carries as well .


Input: Is Term Or Whole Life Insurance Better?

Output: The true answer to this question is always to purchase that type of coverage which accomplishes you objective . Sometimes that is difficult to do depending upon your financial situation . However , there are many different types of coverage including universal life instead of whole life and others . Your best bet is to talk with an independent agent for help and advice .


Input: Is Term Or Whole Life Insurance Better?

Output: Life insurance is mathematics . Based on records of millions of lives , insurance companies know that a given fraction of a population in a particular age group will die this year . Based with that information on every age they can design a plan that covers the possibility of death in one - to 100 years . At the end of the day that is exactly what you are looking at . How long will you live . If you tell me when you will die , I can prescribe the lowest cost policy for you . If you think you will live for a long time , buy whole life , everything else is just an expense !


Input: Is Term Or Whole Life Insurance Better?

Output: That is a great question ! Both products have their pro 's and con 's that make each of them good and bad fits . My advice is always this : If you are looking to cover a short term debt , like a mortgage or college loans , get term , to cover that length of expected debt . If you want to cover your final expenses , get whole life . If money is an issue , and you need higher coverage than you can afford with whole life , do a mix of both . I hope that helps , thanks for asking !


Input: Is Term Or Whole Life Insurance Better?

Output: There really is no way to say which type of life insurance is the best . Both are very different and are used to accomplish different goals . If you need an affordable way to create an immediate estate for your loved ones , then term may be your best option . If you want coverage for your whole life at one rate with options for living benefits , college funds or retirement savings then whole life or universal life would be your best option .