Input: Why Have Term Life Insurance?

Output: First you have to understand what Term Life Insurance is . Term Life Insurance is Life Insurance covering you for a specific period of time . The common `` terms '' are 10-15-20-25-30 years . Term Insurance is also the least expensive of all Life Insurance , at least initially . Understanding this , people get Term Life Insurance for several reasons including ; mortgage coverage , other loans , family protection while the kids are home , providing replacement of income if death occurs during working years . The idea is providing protection for a period of time which will replace income or debt if death occurs prematurely . Example , for your mortgage , if you have a 30 year mortgage , with a 30 year term , death occurs before the mortgage is paid off , then the death benefit can be used to pay the outstanding balance . If kids are at home , growing up , you want to make sure they can have all the opportunities available to them even if the `` bread winner '' passes prematurely . All Life Insurance provides financial security when death occurs . If you have any other questions or need a quote , do not hesitate to contact me . Thank you .


Input: Why Have Term Life Insurance?

Output: Term life insurance is used to cover terminal obligations that would be unmet if you died prior to the termination of those obligations . This could include certain debts , major life planned events like sending a child to college , or funding retirement for your spouse . Term insurance is also often used to prove for loss income that would result if you died prior to retiring .


Input: Why Have Term Life Insurance?

Output: Some reasons to have Term Life Insurance are as follows . Keep in mind that these reasons are all for if you should die . Unless you buy a term life policy with living benefits , term life will not pay anything unless you die while the policy is in effect . 1 -RRB- To replace your income ; 2 -RRB- to pay off your home ; 3 -RRB- to pay for a nanny for your children ; 4 -RRB- to pay for your children 's college education ; 5 -RRB- to provide your business partner with a way to buy your business ; 6 -RRB- to to pass money to your heirs ; 7 -RRB- to pay back a loan ; 8 -RRB- to to pay for your funeral , 9 -RRB- to ease the pain for your loved ones ; and/or 10 -RRB- to have peace of mind .


Input: How Much Should You Pay For Life Insurance?

Output: When I talk to a potential client about life insurance I generally will have a 2 part discussion . The first is identifying how much insurance you need . Taking into account replacing income , the mortgage , credit cards and other debt such as student loans , etc. . Then we figure out the cost between a term or period of time you need the insurance for example , if you have kids in school at home which you probably should have more insurance than after they have moved out along with your long-term needs . At this point , we will know what the cost is . Can you afford this ? Does it make sense and fall in line with your budget ? The second part is taking your budget and determining how much you care afford of that total amount . The reason I use this approach is I believe it is important for you to know how much you need versus how much you can afford . That way you at least know the short-fall you have and can work to filling that gap if possible or make other adjustments which may allow you to afford more .


Input: How Much Should You Pay For Life Insurance?

Output: The amount you should pay for life insurance depends on many factors . E.g. Your age -LRB- the older you are , the more life insurance costs -RRB- , the type of coverage -LRB- the longer the premium is locked in for , the higher the price -RRB- , and the risk -LRB- if you have health conditions or other risk factors , the price is higher -RRB- . It is important to only pay for the coverage that you can afford , yet that will meet the needs of your family or business . It is important to obtain guidance from an ethical agency that can help you determine the type of coverage you need for the lowest premium .


Input: How Much Should You Pay For Life Insurance?

Output: Life insurance is mathematics . The older you are , the closer you are to the day that you will die . If you have medical conditions that affect longevity that will enter into the equation . If you want the coverage for a short period of time or if you want the policy to be in force regardless of when you die , that also is a factor . This is to say that the cost of the policy will vary and a good life insurance agent can marry your needs to your ability to pay . Contact one today .


Input: How Much Should You Pay For Life Insurance?

Output: Not more than you can afford . Any insurance you can afford and keep in force is better than the largest insurance policy you can not afford and will let lapse . Depending on your age and health , and whether you choose term or whole life , the price will vary tremendously . Try to find the best company , with the highest ratings , longest existence , best caring agents , knowledgeable listing people , and work with them on a plan for now and over the years , for you and your family . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: What Is Better HMO Or PPO Health Insurance?

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


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

Output: Long term care and disability insurance are both morbidity products . Long term care insurance generally pays benefits -LRB- indemnification or reimbursement -RRB- for assisted living home care and nursing home confinement care . Disability insurance pays monthly income for prolonged sickness and/or recovery time from an injury after the elimination period is satisfied .


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

Output: Long Term Care Insurance is for those who will need care from someone else for an extended period of time . Disability Insurance is for those who will be unable to work for an extended period of time . The benefits from both now usually go to the insured person to use as they see fit . Long Term Care Insurance benefits are chosen based on the cost of skilled nursing care in that region . Disability Insurance benefits are chosen based on one 's income .


Input: Is Disability Insurance Expensive Or Cheap?

Output: Like any other product or service `` expensive or cheap '' is subject . Is disability insurance worth it ? Absolutely , if you were injured or ill and unable to earn an income , it will be the best investment of your life . As far as cost , it depends on some many different factors it is impossible to quote without knowing more about a person 's situation . The average person can expect to pay 1 % to 3 % of their annual income in disability premiums in order to protect their earnings from an unthinkable disability situation .


Input: Is Disability Insurance Expensive Or Cheap?

Output: Is disability insurance expensive or cheap ? Well yes and yes . You can build a disability policy to meet your needs or to fit your price . It can be as expensive as you are willing to pay and as cheap as you are willing to pay . What can be really expensive either way is not reading and understanding your policy 's definition of disability .


Input: Is Disability Insurance Expensive Or Cheap?

Output: Disability Insurance is not as cheap as accidental death insurance , but can be no more expensive than some types of life insurance . The huge plus to disability insurance is that death does not have to occur before it pays out . Something as non life threatening as legal blindness could enable you to get a paycheck until you are age 65 . That is a terrific bargain relative to the cost .


Input: When Is Universal Life Insurance A Good Investment?

Output: When someone is looking for a low risk asset , universal life insurance can be an adequate savings plan for their goals . There is a specific design that should be followed to ensure optimal cash value performance , and this mostly involves minimizing the death benefit on the policy relative to the incoming premium .


Input: When Is Universal Life Insurance A Good Investment?

Output: A universal life insurance policy can be a good investment if the purchaser needs both savings and life insurance . Combining the two can be beneficial if the policy has good returns . Indexed Universal Life allow the insured person to invest a little more aggressively but still not go under zero or lose the policy if the investments under-perform .


Input: When Is The Enrollment Period For Medicare Part B?

Output: The enrollment period for Medicare Part B is a seven month period starting three months before your 65th birthday , including the month of your 65th birthday , and three months after your 65th birthday . If you miss that enrollment period , you can enroll from January 1 to March 31 of each year . There are also some special enrollment periods .


Input: Does Medicare Pay For An EKG?

Output: Yes ! Medicare will cover an EKG in one of two scenarios : 1 -RRB- When you 're new to Medicare , Medicare will cover an EKG screening with a referral from your doctor as a result of your one-time `` welcome to Medicare '' preventive visit . 2 -RRB- The other scenario is when your doctor orders it for diagnostic purposes . An EKG is covered under Medicare Part B. Medicare will pay for about 80 % of the costs after the Part B deductible is met -LRB- $ 147 in 2014 -RRB- - you would be responsible for the other 20 % and the Part B deductible . When you first enroll in Medicare Part B , you open your 6-month initial open enrollment period to buy a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- with NO MEDICAL UNDERWRITING ! . A Medigap plan can cover the deductibles and a portion or all of the other 20 % of expenses covered by Part B and features a number of other big advantages as well . An experienced broker can help find the plan that 's most suitable for you and your budget . Please let me know if I can be of help . Thanks very much .


Input: Does Home Owners Insurance Cover Theft?

Output: Most policies will cover up to a certain limit , but there are many different types of dwelling policies from basic to broad , etc. . The best thing to do is to talk to your agent so to help you understand the coverages and what the limits to the policy are because they will vary .


Input: Does Medicare Count As Health Insurance?

Output: Medicare is health insurance . Rather than coverage through a private health insurance carrier your plan is funded by the taxpayer and the insurance is administered -LRB- other than claims -RRB- by CMS -LRB- Medicare -RRB- . Medicare is considered creditable coverage , so if you are transitioning from Medicare to a traditional health insurance plan you should not have to worry about a break in coverage penalty .


Input: Does Medicare Count As Health Insurance?

Output: Medicare is Health Insurance but it does not cover all the bills . In addition to Medicare you will need a Part D - prescription plan . If you are bout to go on Medicare now is the time to look at Medicare Supplements and Medicare Advantage Plans . Take your time , investigate , find someone local and visit their office so that you can find them when you have an issue or question .


Input: Can I Get Money From My Retirement Plan?

Output: If its your money , you can do whatever you want . But there may be loan charges , tax consequences and penalties with your plan if its qualified money . If you want to avoid taxes and penalties , you may want to explore borrowing provided that youre not going to leave your employment or transfer your plan to another because there may be punitive ramifications .


Input: Does Home Insurance Cover Water Damage From A Leaking Pipe?

Output: Homeowners insurance is designed to cover sudden and accidental losses and water damage resulting from a pipe burst is covered . As soon as you noticed the damage contact your agent and let him know the situation . Water damage is a very serious issue and mold can set in within 48 hours so it 's very important to address the situation as quickly as possible .


Input: What Is The Price Of Homeowners Insurance?

Output: Many factors go into the price you will pay for your homeowners insurance . Here are the most important : the amount of dwelling coverage , your deductible , age of the home , cost to rebuild , condition of the home , alarm systems , your credit score , prior claims history for you and the property you are buying as well as the number of bedrooms , bathrooms and the quality of construction of the home . Most companies will use ~ $ 200/square foot to rebuild your home on Long Island , NY -LRB- although I 've seen as high as $ 2,000 / sq. ft. on high value homes -RRB- . A good rough rough estimate is approximately $ 5 / $ 1,000 of coverage . So if you were looking for $ 400,000 of coverage you could expect a rate of $ 2000/yr . Hope this helps !


Input: What Is The Price Of Homeowners Insurance?

Output: The price you pay for Homeowners ' Insurance will reflect the risk that your company is accepting ion providing coverage . Many elements go into developing that price including of course , the amount of coverage needed to properly insure your home . If you have a home with a reconstruction amount of $ 250,000 , odds are you will pay less than if your home 's reconstruction values is $ 450,000 . You can manage your Homeowners premium by choosing a higher deductible , installing a monitored alarm system or better yet , by bundling your car and Life insurance all with the same company .


Input: What Is Long Term Care Insurance For?

Output: Long Term Care Insurance is insurance that pays for extended care needs of persons who are no longer able to care for themselves due to illness or injury . To begin receiving the benefits of a long term care insurance policy , the insured person must show that they can not do at least two activities of daily living on their own -LRB- such as dressing , bathing , etc -RRB- . Cognitive impairment is also a trigger for LTC insurance to pay out . People purchase long term care insurance to empower themselves in their later years by not having to liquidate their estate to pay for this huge expense , and also to use the policy to purchase the type of long term care that they desire .


Input: Does Cash Value Life Insurance Get Protected From Creditors?

Output: Yes , creditors can not touch the cash value of life insurance nor can they touch the death benefit as long as there is a named beneficiary and the money is not left to the estate . It is also protected from a divorce settlement and lawsuit . This is what makes whole life an attractive base to a good financial portfolio .


Input: Does Cash Value Life Insurance Get Protected From Creditors?

Output: In many states life insurance is creditor protected by law , in some cases , including bankruptcy . Most states have specific guidelines and definitions as to how the policies are structured in terms of owners and beneficiaries , and the level of protection varies widely from state to state . By using these statutes , you and your attorney can characterize exposed cash assets subject to creditor risk to protected assets with a death benefit .


Input: Can Auto Insurance Be Deducted?

Output: Whether or not your auto insurance premium is deductible is really a conversation that you should have with your tax accountant . It may be possible by not knowing the tax laws does not allow me as an insurance agent to answer the question properly for you . Contact a local accounting firm to get assistance with this question .


Input: What Does The E Mean On Car Insurance?

Output: I have to assume you are talking about `` e `` lectronic insurance . Simply this means you apply online for the insurance you want . I 'd like to caution you if this is a choice you are considering , you may not be getting the coverage you need that is in your best interest . The least expensive options are not always the best when you have an accident .


Input: Is Indexed Universal Life Insurance A Good Investment?

Output: The methodology to determine if indexed universal life -LRB- IUL -RRB- is a good investment is the suitability of the investor . IUL is a long term commitment with surrender charges in the first 9-15 years that can be punitive , so the need for liquidity cant be a priority . Consumers who need liquidity are not suitable for IUL . Like all investments , IUL has policy expenses ; chief among them is the cost of insurance . If the insured is a smoker or the nonsmoking health classification is standard or substandard , the cost of insurance may be prohibited , so health becomes a suitability item . Additional policy expenses beyond the cost of insurance could also be a suitability consideration . The policy expenses are deducted from the premium . In a year that the index is negative , nothing is added to the index accumulating amount , but policy expenses are nevertheless deducted from the policy . Keep in mind that the S&P 500 was negative from 2001 - 2003 , and the average policy expense were greater than 4 % , so they generated a 4 % compounded loss over three years . And remember , thatdoes n'tinclude any surrender charges . The # 1 unaddressed policy expenses IUL as an investment is policy expense loans , which are generally illustrated with fixed or variable loan charges at current company practice . There are loan rate caps , regardless in a negative crediting year ; with the policy generating income the loan cost could be economicallynonviable . IUL must be designed with the least expense loads at the policy issue date . The investor must hold the contract for the life of the insured to maintain the minimal coverage purchased and tax advantages of life insurance income . A life insurance professional , whose expertise in the design and architecture of IUL as an investment is imperative . The vast majority of life insurance agents selling IUL woefully lack the training and knowledge to construct IUL as an investment .


Input: Is Indexed Universal Life Insurance A Good Investment?

Output: Video Transcript : Hello , everyone . I 'm Steve Savant , Syndicated Financial Columnist and host of the weekly online talk show , Steve Savant 's Money : The Name of the Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is Indexed Universal Life a good investment ? Well , one good thing about this is , Indexed Universal Life will let you participate in indexes . It could be foreign , it could be domestic . And the good thing about that is you get some of the market potential without any of the downside risk . Keep in mind though , even though there 's no downside risk in this product , you still have policy expenses to pay based on the current price tag that the carrier is charging in the policy ; as well as , it has contractual guarantees . You have to look at both of those to see if that 's a good deal or not . But I like indexing because you get market participation without the downside risk . You just have to remember that I 'm paying for expense loads . And that money could come out tax free , depending upon how you set it up . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com .


Input: Is Indexed Universal Life Insurance A Good Investment?

Output: First and foremost , the objective is of life insurance is to provide valuable death benefit protection . If you 're looking at taxable investments to help secure your retirement years , your life insurance professional can show you ways to use the tax-advantages and growth potential of cash value life insurance . A properly designed life insurance policy can provide : Death benefit protection No income limits - unlike with 401 -LRB- k -RRB- s , traditional IRAs , or Roth IRAs Tax-advantaged cash value growth potential Supplemental retirement cash flow through tax-advantaged loans and/or withdrawals of policy values Cash flow that will not increase your overall tax expense or cost of government programs like Social Security and Medicare The key to the cash value and income features is how cash values grow . The index feature provides the opportunity to have the policy value allocated between Indexed Accounts and a Fixed Account . The Indexed Accounts are eligible for Indexed Interest which is non-guaranteed interest based on fluctuation in a stock price index such as the S&P 500 that may be credited to the Indexed Accounts at the end of each segment year . The interest rate for all accounts will have a guarantee to never go below some minimum rate such as 1 % annually . This approach is a good idea and may be something to consider . A life insurance professional can help determine if it fits with your objectives .


Input: Is Indexed Universal Life Insurance A Good Investment?

Output: I view indexed universal life insurance as more of a savings vehicle than an investment . Investments are subject to market risk and can lose money if the market -LRB- stock , real estate , bonds , etc. -RRB- declines . Indexed universal life offers protection from downside risk and upside potential for growth . This means that if your policy is indexed to the S & P , your money is not invested in the S & P , but the S & P is only used as a gauge of how much interest to credit to your policy . If the S & P increases 10 % for the year , then 10 % interest is credited to your policy . If the S & P goes down 20 % for the year , then you get a 0 % - 2 % return for the year -LRB- depending on your policy specifics -RRB- . Insurance charges are subtracted from your policy 's cash value , so even if you get a 0 % interest credit for the year , your cash value may decline slightly . However , depending on your age and health , the fees may be less in your life insurance policy than many other financial vehicles . The benefits of life insurance as a cash accumulation vehicles far outweigh other financial vehicles . In summary , if you are looking for a `` safe '' place to grow your money with no market risk , protection from taxes , and accessibility to your money , Indexed Universal Life Insurance is a great option to learn about .


Input: What Is A Lirp Life Insurance Retirement Plan?

Output: Life Insurance Retirement Plan or LIRP is a concept name many insurers use to describe life insurance as a supplemental retirement strategy . Life insurance , when properly structured , can provide you with income tax-free retirement distributions . You can access money from your policy in the form of loans and withdrawals . Withdrawals have the capability of being treated as a return of premium first , with policy gains being withdrawn in the form of tax-free loans . In addition , the death benefit is paid income-tax free to your designated beneficiary .


Input: What Is A Lirp Life Insurance Retirement Plan?

Output: A LIRP is a marketing acronym for life insurance retirement plan . A LIRP is a non-qualified retirement option that can add real value to your retirement planning strategy . But the insured must be healthy and young enough to contain the cost of life insurance designed at issue and maintained throughout the life of the insured . The strategic withdrawals to basis and policy loans of gain have the potential to generate tax free income as long as the policy is kept in force for the life of the insured .


Input: Does Vanguard Administer 401K Plans?

Output: Vanguard does administer 401k plans . Vanguard can handle everything from helping a small start-up company get a plan up and running to working with a mega plan . For small to mid-size companies , Vanguard uses the record expertise of Ascensus , a leading record keeper and administrator of retirement plans . If you already have a Third Party Administrator , Vanguard can work with them as well .


Input: Why Is Renters Insurance Necessary?

Output: To help protect yourself and your family against financial hardshipth that could be caused by unforseen circumstances in your life . If a fire occurs in the apartment complex that you rent in . How will afford to replace all of your items that you have lost ? How will you pay the rent for another place to live right away after the fire ? How would you pay for damages for someone that you injured while in your apartment ? These are just a few of the things that renters insurance can cover . Remember every carrier and policy is different . Please read your policy completely to know the coverage provided and any exclusions there may be .


Input: Who Can Get Renters Insurance?

Output: Almot anyone occupying leased premises can get a renters policy . Everyone on the lease should be named as an insured in the policy and the landlord may require to be listed as an additional insured or as an additional interest . The policy is never guaranteed to be issued and does have underwriting requirement which might preclude someone from obtaining a policy . For example , ownership of a dangerous animal might cause a company to deny coverage .


Input: Is Homeowners Insurance Cheaper For Rental Property?

Output: Homeowners Insurance is not available for a Rental Property . Homeowners Insurance is defined as the policy to protect the primary residence of the titled owner of the subject property . Rental Property should be covered by a Landlords - Dwelling Fire Policy which is designed to provide coverage for tenant occupied 1 - 4 unit residences . Although mortgage companies use the term ` hazard insurance ' as a requirement to provide fire insurance on the collateral upon which a loan is extended , it is important for a home owner to purchase the correct form of insurance.Forexample , during the real estate boom , many investors purchased homes as primary home for the purpose of obtaining an owner-occupied mortgage loan thereby obtaining a lower interest rate although they clearly intended to maintain the home as a rental property , in an effort to keep thematching story , they purchased homeowners insurance simply stating that the home was the primary residence.Following an unfortunate occurrence and the filing of an insurance claim , it was found that the risk had been misrepresented and the claim was denied followed by the cancellation of the policy and the return of premium . It is essential that the correct form of insurance ispurchased ifthere is an interest inobtaining protection for the home . Homeowners Insurance is a lower risk than Landlords - Dwelling Fire Insurance simply due to the fact that an owner occupied property proves tocreate less insurance claims than a tenant occupied property . However , homeowners insurance has more elements of coverage that are not included in a Landlords - Dwelling Fire Insurance policy . Depending on claims statistics in different regions of the nation , all carriers will havedifferent rates for bothHomeowners Insurance and Landlords Insurance . In some areas , one may find lower rates for one type of coverage where in another area , one may find the reverse . When asked if home insurance is cheaper than rental property insurance , it is an immediate opportunity toinquire regarding the actual occupancy of the home . There is a linkproviding an online format to obtain a quote and buy both home insurance and dwelling fire insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: How To Use Life Insurance For Estate Planning?

Output: Life insurance is a superb tool for making your mark on the world even after you pass away . Lets suppose youre a family-first type of person . Your spouse , your kids , your grandkids mean everything to you . You want all your assets to go to them - the house , the business interest ... all the stuff you have built and accumulated and enjoyed throughout your life . If you dont take proper precautions , Uncle Sam could grab a good chunk of that when you die . But if you plan properly , it can all go to your family . And life insurance can take care of Uncle Sam . Putting life insurance in place could enable you to keep all your assets intact for posterity . And it could help you satisfy your estate tax obligations for pennies on the dollar . It is a good deal . And you know what else you could do with life insurance in your estate planning ? You could make significant donations to charity . Because the premiums are so low compared to the benefits , you could spend not a lot of money but have a huge impact on the good work of your favorite nonprofits . Think about the difference you could make in the world by helping your favorite religious/political/social / medical research group . Perhaps you could fund the research needed to in eliminate cancer . For good . All with a life insurance policy included in your estate !


Input: How To Use Life Insurance For Estate Planning?

Output: The principal objective of estate planning is to ensure that your property is managed most efficiently during your lifetime and that your wishes are carried out most effectively after you die . Since life insurance creates tax free cash at death it has many applications in Estate Planning . Life insurance can be used to create an estate , to provide cash to take care of your family after you are gone . Life insurance can also be used in estate conservation and estate equalization . Once you have determined your objectives and calculated the need for cash to pay taxes , fees and other costs , nothing delivers cash at death as effectively as life insurance . Another use is estate equalization , in a situation where you want to give a fixed asset to one heir and balance it out with life insurance cash to another . In business situations , life insurance can be used to provide the cash not only to pay taxes and fees , but also to fund a buy sell agreement between partners . 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 To Use Life Insurance For Estate Planning?

Output: Estate planning is preparing how your estate will be distributed and minimizing/paying off applicable estate taxes upon your death . Life insurance can be used to pay the estate taxes . A common course of action people take to minimize the estate taxes they will be subject to is creating an irrevocable life insurance trust -LRB- ILIT -RRB- . An ILIT is alegal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . These trustsreceive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed . An ILIT can offer many substantial advantages to protect life insurance proceeds and help you distribute your property to your children at the least possible cost . The IRS code permits a unified tax credit to pass a certain value of property without having to pay a tax . When you exceed that value -LRB- a taxable estate -RRB- , a massive tax is applied that must be paid within 9 months of death . If the decedent is single , the tax is due accordingly . If the decedent is married , the tax is due after the second death -LRB- death of the spouse -RRB- . So the question becomes , would you rather pay the estate tax with 100 % of your own money -LRB- with after-tax dollars -RRB- or would you rather pay only a fraction of the tax and use someone else 's money to pay the rest -LRB- the insurance company -RRB- . If you want the latter , you can purchase a life insurance policy.The type of policy you should set up will depend on the specific circumstances , but for many situations it will usually be a survivorship universal life policy if the proceeds are to be used for estate tax purposes . Any life insurance policy you buy will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate - a substantial tax savings and key advantage in the estate planning process . If you keep the policy outside of the trust -LRB- e.g. , as owned by a natural person or a revocable trust -RRB- , the proceeds will be included in calculating the size of the estate you may inadvertently increase the size of the estate , and be subject to paying much higher estate taxes before any of the property can be distributed to your children or other beneficiaries . Consult with an experienced life insurance broker to discuss the available courses of action to set up a sound plan . I hope the information is helpful - please feel free to contact me for help or if you have any questions . Thanks very much .


Input: How Will The New Healthcare Law Affect Medicare?

Output: Obamacare reduces funding for Medicare by more than $ 700 billion between now and 2020 . The reductions will be used to fund health insurance premiums for those under age 65 that are not currently insured as well as those with coverage that the government does not consider `` affordable '' . These reductions will result in Medicare beneficiaries paying more in out of pocket costs for their health care .


Input: Should I Buy Supplemental Disability Insurance?

Output: It would depend upon your present and projected income levels and the current amount of disability insurance you have . If you figure you 're going to top out at around $ 50,000 per year over the course of your life and you have a disability policy that would pay you around $ 33,000 + per year if you were disabled then you have effectively replaced your after tax net income . That 's not to say it would n't be wise to have more and to try to account for future inflation but your need for a supplement to maintain your current and projected lifestyle is not as great . On the other hand , let 's say you are a business owner , physician , executiveor really good salesperson who is earning $ 100,000 or more a year and you can reasonably expect that income level to be increasing in future years and your employer provides a disability insurance policy that tops out at replacing $ 50,000 of income . This amount would clearly be well short of replacing your current income level much less your anticipated future increases in income . Purchasing a supplemental disability policy , and try to get one that is not offset by your current disability policy , would be a wise decision in this situation .


Input: How Much Is Genworth Long Term Care Insurance?

Output: Genworth is one of the leading long term care providers in the U.S. . Their pricing model is quite competitive for the benefits espoused in their policies . But the premium or price tag is dependent on many factors like your gender , age , smoking status , health history and current medical condition .


Input: How Much Is Genworth Long Term Care Insurance?

Output: To get a quote for Genworth Long Term Care Insurance you can visit a website that brokers long term care insurance for several companies . You will need to call , as the cost of any long term care insurance policy will depend on your age , health , and the features of the policy you choose . Talking to a knowledgeable agent can help you save money and get the features you really need .


Input: How Much Does It Cost To Be On Medicare?

Output: For most people , Medicare Part A is `` free '' . If you or your spouse worked in the Social Security system for at least 10 years and have lived in the United States during the last 5 years your Medicare Part A is offered with no premium charged to you . Medicare Part B for most people is $ 105 monthly in 2013


Input: Is Interest Earned On A Life Insurance Policy Taxable?

Output: When discussing the topic of taxes always consultant your account . However , the basic rule of thumb with life insurance goes like this . A death benefit set up properly by your agent should not be taxed . On term life insurance there is no cash value so the only benefit is the death benefit . On permanent life insurance plans such as whole life and universal life insurance , these plans do build a cash value that does earn interest . However , this is tax deferred interest , meaning as long as the plan is in force there is no tax on gains . When you withdraw funds from the cash value , you will have two options with two different tax consequences . The first is if you cancel or lapse the policy and take the cash value , then yes , these proceeds or interest are taxed as income . However , if you borrow from your own cash value , then the IRS sees this as a loan and the funds are now tax free . I recommend speaking to your agent or advisor to avoid a costly mistake . The second loan aspect would almost always be preferred over cancellation to avoid taxes .


Input: Is Interest Earned On A Life Insurance Policy Taxable?

Output: Interest earnings within a life insurance policy are not taxable as are loans against the policy . However , the entire interest earnings WILL be taxable if the policy lapses for any reason , therefore you will want to contact the customer service dept. of the life insurance company prior to a lapse to find out the amount of interest earnings BEFORE you make such a decision .


Input: How Is Annuity Income Reported?

Output: The good news is that annuity income is usually reported by the insurance company issuing the annuity . When they make a disbursement they also issue appropriate documentation to assist in filing your taxes . They send identical information to the Internal Revenue Service . Generally speaking when money is withdrawn from an annuity it is treated as interest and then taxed as ordinary income until the interest is exhausted and only the basis -LRB- the sum of premiums paid -RRB- remains . That money can be recovered free of income tax . If the annuity is annuitized , that is paid out in monthly installments either over an extended period of time or the lifetime of the annuitant , then an exclusion factor is determined and applied to each payment . A part of each payment will be taxed as ordinary income . The bad news is that these principles apply to non-qualified annuities held by individuals and these barely touch all the situations that can arise and the taxation of those unique situations . While this response is not meant to take the place of legal and accounting professional advice it should alert you to some of the complexities of taxing annuities . The most obvious situation is when an annuity is held as an asset of qualified pension plan . This includes defined benefit plans ; defined contribution plans -LRB- 401 -LRB- k -RRB- , IRAs and many others . The income taken by these plans is taxed as ordinary income unless it is taken prior to age fifty-nine and a half . If taken earlier it could be subject to a penalty tax of an additional ten per cent . Where annuities taxation becomes complex is when deferred annuities are transferred . That is when a person gives another person an annuity on their life , or the life of a third party . The basic rule is that the transfer is treated as surrender and taxed accordingly . The annuity that is transferred is treated as having been fully paid . It then has a basis of the value that was taxed . For estate planning reasons the ownership of an annuity is sometimes held by a trust and this leads to another set of taxation considerations involving the non-natural person rule . Who is going to be taxed is the basic issue and this can be quite tangled . Of course there are exceptions to all of these rules . Taxation is fairly straightforward if the annuity is annuitized . State laws concerning probate can create some unexpected outcomes and taxation . When an individual owns an annuity and the annuitant is another person , perhaps a spouse , the death of the owner triggers the beneficiary provision and another third person could suddenly own the contract upsetting the intentions of the couple , even if it is a child . Many of the taxation rules are specific to individual insurance companies and it is wise to carefully make sure that the company you select from whom to purchase the annuity follows the procedures that will maintain your plan and keep taxation as uncomplicated as possible . Absent all other plans , the IRS frequently calls for a liquidation of a transferred annuity within five years . The key is the desire to get the tax question settled .


Input: How Is Annuity Income Reported?

Output: In Canada , immediate and deferred annuities are , with one exception , taxed on an accrual basis . The growth or income is taxed as earned , not as received . How the income is taxed , depends , if it is interest income or , in the case of Guaranteed Investment Fund -LRB- GIFs -RRB- , interest , dividends or capital gains . Prescribed Annuities enjoy special taxation -LRB- Section 304 of Income Tax Act -RRB- . They are taxed on a straight line basis rather than on an accrual basis . If you qualify for a prescribed annuity then total amount of `` expected '' interest is averaged based on the number of payments . For example invest in a prescribed life income annuity and your `` life expectancy '' is 22 years . The amount of investment DIVIDED BY `` life expectancy '' EQUALS return of your principle and it is not taxed . The annuity payment SUBTRACT the return of your principle is taxable . The tax savings can be substantial , which is why prescribed annuities are often used to increase after tax income . Especially for those who prefer guaranteed interest income . A life insurance policy can replace the capital for your estate . Depending on the the individual circumstances , increases of after tax income can be 50 % or more . Implementing a strategy involving payout annuities is sometimes complicated , it is however , always permanent . Search for Retirement / Financial planner in your area . Then look for an experienced life insurance broker with a professional designation such as a CLU or CFP . If you have further questions , or feel that I could be of assistance please contact me .


Input: Does Renters Insurance Cover A Refrigerator?

Output: One of the main coverages in a renters policy is personal property . If you own the refrigerator and it is damaged due to a covered peril the policy will pay the value minus your policy deductible . There were several terms that need your attention ; covered peril excludes normal wear and tear . Another term is value as the way that is determined is governed by the policy and should be checked .


Input: How Do Fixed Rate Annuities Work?

Output: Fixed rate annuities pay a stated return -LRB- interest credit -RRB- on the net deposits held by the carrier . Some plans will guarantee an interest rate for a period of 1 - 5 years . They may also illustrate a projected rate with a disclaimer that your actual rate may vary . Most plans have a minimum guaranteed rate .


Input: Roughly How Much Is Life Insurance?

Output: Life insurance pricing appears to be wildly different and yet it is working with exactly the same mortality experience and with interest and expenses that are remarkably similar . What you really end up comparing is length of coverage . You can buy a policy that will cover you for 1 year and you can buy one that covers you to death , regardless of when that might occur . An insurance agent is the best source of information about life insurance policies . After listening to you , offering financial advice they should be able to put together exactly the policy that you need at the price you can afford .


Input: Roughly How Much Is Life Insurance?

Output: Medical information is critical to securing the best possible underwriting offer . Your premium price tag depends on your gender , age , smoking status , health history , current medical condition and paramed exam results . Your premium price tag is also dependent on your behaviors like : motor vehicle violations , dangerous recreational activities and vocational hazards . Your premium price tag will be determined by totaling your financial liabilities , future obligations and charitable intent , so you can justify the amount of coverage youre applying for , whether that coverage is temporary or permanent . A non-smoking 25 year old male or female purchasing $ 100,000 of 10 years term life insurance will pay around $ 100 annual premium .


Input: Roughly How Much Is Life Insurance?

Output: That is a really hard question to answer without more information . Life insurance is one of the most affordable insurance products on the market for the young and healthy . There are a number of factors needed in order to quote a life insurance policy . For just a quote the agent will need . 1 -RRB- face amount of death benefit 2 -RRB- type of life insurance applying for . i.e. whole life , universal life , variable universal life , indexed universal life or term life . If term how long of a term ? 5-10-20-30-35 years level premiums . Then any additional riders applied for i.e. WOP , ROP , AD&D , Child rider , Etc. 3 -RRB- state of residence , date of birth , health status With this information an agent can get fairly close to a quote you could feel comfortable with .


Input: How Does A 457 Retirement Plan Work?

Output: Under 457 -LRB- b -RRB- Plans allow employees of businesses and sponsoring organizations to defer income taxation on retirement savings into future years . Deferring income over the years prior to retirement can have a significant tax advantaged effect on the savings versus investing in after tax dollars . Many businesses allow for these plans when traditional deductible plans have maxed out .


Input: What Is Disability Insurance?

Output: Disability insurance is an insurance policy that replaces up to 70 % of your income should you become injured or ill and can no longer preform your normal duties of your current occupation . There are two basic types of disability insurance . The first is called short term disability which pays after a short elimination period to cover immediate living expenses . Most short term policies expire within two years . The second type of disability insurance is long term . These policies cover income for a longer period of time from two years to age 67 years old .


Input: What Is Disability Insurance?

Output: A disability policy promises to replace part of your income if you become disabled . The company carefully crafts the definition of disability which is very important . The benefit starts after an elimination period that you select and continue until the termination date , or a set period of payments . This coverage is often overlooked and is really important .


Input: What Is Disability Insurance?

Output: Disability insurance is paycheck protection . Most American workers have around 90 days of cash reserves for emergencies . Becoming disabled via prolonged sickness or injury could be financially catastrophic . Disability insurance provides income , generally tax free , income during times when you ca n't work . Benefits start after the waiting period is over , e.g. 90 days .


Input: What Is Disability Insurance?

Output: Disability insurance is considered a health insurance product , but it does not act like health insurance . Whereas health insurance pays the provider for the purpose of preventing and treating health conditions of the insured , disability insurance pays the insured person cash if they are unable to work due to illness or injury .


Input: What Is Disability Insurance?

Output: Disability Insurance , also known as Paycheck Protection , does just that -- it protects your paycheck ! Should you become too sick or injured to work , your DI policy would pay a percentage of your income -LRB- typically 60-65 % -RRB- . Depending on your age , occupation and health history , your benefits could pay until age 65 . You might even be able to receive a monthly benefit even if you return to work in a different occupation . The average long term disability claim lasts 31.2 months , but the average American only has 3-6 months worth of savings . Do n't let a disability put you into personal bankruptcy ! Protect your paycheck !


Input: What Is Disability Insurance?

Output: That is a great question ! Think of disability insurance as a type of `` paycheck protection '' . If you were to get sick or injured , and were out of work for a couple of months , your company probably is n't going to pay you while you 're out . Workman 's comp might chip in , but either way you are going to be in financial trouble . Disability insurance helps there by paying you a certain agreed upon amount of money for an agreed upon amount of time . It helps replace the missing paychecks . I hope that helps , thanks for asking !


Input: What Is Disability Insurance?

Output: Per wikipedia : Disability Insurance , often called DI or disability income insurance , is a form of insurance that insures the beneficiary 's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work . For example the inability to focus or maintain composure as with psychological disorders or an injury , illness or condition that causes physical impairment or incapacity to work . It encompasses paid sick leave , short-term disability benefits , and long-term disability benefits . Statistics show that in the US a disabling accident occurs on average once every second . In fact , Nearly 18.5 % of Americans are currently living with a Disability , and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement .


Input: Who Is Banner Life Insurance?

Output: Banner Life is an A + rated -LRB- A.M. Best -RRB- , AA - -LRB- S & P -RRB- carrier that specializes in term , permanent , universal and an array of life insurance products . Originally The Government Employees Life Insurance Company -LRB- GELICO -RRB- in 1949 the company eventually became Banner Life . As of 2012 , Banner has over $ 517 billion of life insurance in force and over $ 5.7 billion in assets . Out of the Maryland , this company utilizes the internet and internet technologies to deliver easy to use products to its clients . Excellent carrier and competitive prices across the board . For more information on Banner Life 's products visit www.clminsure.com or call 561-320-2978


Input: Who Is Banner Life Insurance?

Output: Banner Life Insurance Company is a subsidiary of Legal & General Group Pic -LRB- L&G -RRB- . Banner offers life insurance in every state except New York , but in New York it is called William Penn. . As of today -LRB- 6-5-2015 -RRB- Banner Life Insurance Company is rated A + by AM Best and AA - by S&P .


Input: Is It Better To Invest In 401K Or Roth IRA?

Output: A 401 -LRB- k -RRB- and a Roth IRA are two very different retirement plans . The 401 -LRB- k -RRB- is a plan that is established and administered by your employer . The rules for the plan are detailed in a plan document available from your employer . These plans are individualized and may include participation by your employer . Money contributed to your plan by your employer is free money . Free money is the very best kind of money . As a rule of thumb you should consider participating in a 401 -LRB- k -RRB- plan up to the limit that the employer will match . Your contribution and your employers contribution flow into the plan before taxes . That means that the amount you contribute comes out of your paycheck before you get it . As a result there arent any taxes on that portion that goes into the plan . In order to put $ 100 into a plan it might take only $ 75 in reduced income because of the taxes . That is an example , not even a projection . The Roth IRA is an individual plan . You establish a Roth IRA on your own . The money you contribute to the Roth IRA is not deducted from your paycheck and is not deductible from your income tax . The rules for the Roth IRA are in the Internal Revenue Code -LRB- IRC . -RRB- The money in both the 401 -LRB- k -RRB- and the Roth IRA will accumulate and earn free of current income tax . This is a tremendous advantage and should be strongly considered . There is a tax penalty for withdrawing the money prior to age 50.5 years . The Roth IRA might escape the penalty , but the 401 -LRB- k -RRB- will not . When money is withdrawn from the 401 -LRB- k -RRB- the distribution will be taxed as ordinary income . This money has not been taxed previously . It will all be taxed upon distribution . In addition when you reach age 70.5 the government will require minimum distributions each year that force the money in the 401 -LRB- k -RRB- to be taken as ordinary income . Money can be withdrawn from a Roth IRA free of income tax so long as a couple of conditions are met . The Roth IRA is not subject to the minimum required distributions and may be passed to heirs free of income tax . There are rules involved but careful planning can generally avoid income tax altogether on distributed funds . As you can see these plans are different and yet you might want to have both . The 401 -LRB- k -RRB- contributions can be much greater than the Roth IRA . There are also limits on participating in a Roth IRA . Having both tax deferred and tax-free income can give you great flexibility in retirement .


Input: Is It Better To Invest In 401K Or Roth IRA?

Output: It depends on your personal financial goals and tolerance of risk . It is best to consult a financial adviser who will take the time to discuss the advantages of both and how they relate to your personal situation . No two peoples situations are alike . Depending on how the 401k is set up you may possibly stand to receive greater gains than a basic Roth IRA but there may also be a greater chance of loss . There are also a variety of ways these can be set up , so it would depend on the details of the products being used .


Input: Does Car Insurance Cover GPS Theft?

Output: Assuming the GPS was stolen from inside an insured auto , the answer is maybe . If the GPS was installed in the car -LRB- e.g. , permanently attached in the dashboard -RRB- and the car had comprehensive coverage , then the GPS theft would be covered subject to the comprehensive deductible . However , if the GPS was of the type like mine that you affix to the windshield with a suction device , that would not be considered `` installed equipment '' and would not be eligible for the car 's comprehensive coverage . In that case , your only other possibility for coverage on the auto insurance would be if your policy provided additional coverage for personal items inside the car . Most standard auto coverage forms do not include additional coverage for personal items , but some do - usually capped at $ 1,000 - $ 2,000 . Also , your auto policy may have an added endorsement that provides coverage for personal items . The last resort - you may be able to claim the GPS theft on your homeowners -LRB- or renters policy -RRB- if the auto policy does not cover it .


Input: Why Is Import Car Insurance More Expensive?

Output: That is a great question ! The answer is simple , the cost of your auto insurance for your imported car is higher because the cost to repair it , should you damage it , is more expensive than a domestically made car would cost . The expense for parts and the specialized mechanics would cost the insurance company more , so they pass that expense on to you . Thanks for asking !


Input: How Much Is Homeowners Insurance On A Duplex?

Output: There is not enough information provided here to be able to provide even a rough estimate of this cost . Many questions would have to be answered to ensure that the property owner receives the coverages that they need to be properly protected . Contact a local agent to discuss your coverage needs for the property so that they can provide you with the coverages that they have to offer and the pricing associated with it .


Input: Does Home Owners Insurance Cover Above Ground Pools?

Output: Yes in most cases unless specifically included in the policy . They would be covered for liability if a neighbor is hurt in or around your pool , and also for various named perils , a tree limb falls on it for example . It will not cover maintenance and normal wear and tear .


Input: How Does Car Insurance Excess Work?

Output: I am not sure exactly what you mean by this question . My thoughts are that you are referring to a policy that will pay the excess amount if your car is totaled and you still owe more than the car is worth . For example , you owe $ 25000 on your car and it is totaled . The insurance company pays the book , which is $ 20,000 . Under some polices you are still on the hook for the balance , even though you no longer have the car . A policy that includes excess would pay off the car completely .


Input: Can Life Insurance Be Taken By Creditors?

Output: A creditor may demand to be named as a loss payee on a life insurance policy . If you agree to that arrangement the company will , upon your death , contact the creditor to determine the amount needed to satisfy the obligation . That is then sent to the creditor with the balance being distributed to your beneficiary -LRB- ies . -RRB-


Input: Can Life Insurance Be Taken By Creditors?

Output: If you have outstanding debt there is a possibility I have seen in cases where creditors could take the life insurance proceeds upon the individuals death . The question is vague so I am not sure where you are going with this but you may want to speak with an attorney on your particular situation .


Input: How Much Do Life Insurance Agents Make In Illinois?

Output: Life insurance agents ' wages vary widely in Illinois , as they do across the nation . If the agent has a lot of high wealth clients and can sell a large range of products , they can make hundreds of thousands of dollars . On the other hand , many agents in Illinois and other states are unable to make a living in that career . How much you make depends on hard you work , who you know , and getting some breaks .


Input: How Much Do Life Insurance Agents Make In Illinois?

Output: The national average annual income for an insurance agent in the United States is around $ 40,000 . This data comes from the Bureau of Labor Statistics . There is no data regarding Illinois agents making more or less than this national average . Keep in mind that income can vary widely . Some agents earn less than $ 20,000 per year while others earn more than $ 100,000 per year .


Input: Can Auto Insurance Be Cancelled At Anytime?

Output: Auto and homeowners insurance are typically carried at will . This means that you can normally change carriers at time you wish . Every carrier and policy is different so please read your policy completely to know all of your coverages and exclusions . Some carriers do have initial fees when starting a policy and some have a fee if a policy is n't inforce over a certain time frame . If you work with a local agent they can normally help with the change from one company to another .


Input: Can Auto Insurance Be Cancelled At Anytime?

Output: Yes it can , but be careful . In most if not all states , having car insurance is a requirement for registration of a car for use on public roads and highways . If you cancel your policy , the insurance company may be required to notify your Department of Motor Vehicles and if there is not a replacement policy in force , you could be fined and your registration suspended .


Input: Can Auto Insurance Be Cancelled At Anytime?

Output: An auto insurance policy is able to be cancelled at any time . If you decide that you wish to switch auto insurance carriers you may do so at any time . Your current carrier would then have to refund you the unused portion of the premium paid . Always work with a local agent they are best equipped to help you get answers to your policy questions and can sometimes help you get a lower rate for your coverage by getting more of your insurance under one roof .


Input: Is My Pension Plan Qualified?

Output: If your pension is a employer sponsored qualified retirement plan , you see your contributions deducted from your pay pretax.If that 's true , you more than likely have a qualified plan like a 401 -LRB- k -RRB- . If you deduct contributions as an individual , you more than likely have a qualified plan like an IRA .


Input: Can You Have 2 Health Insurance Plans?

Output: You can certainly have two or more health insurance plans . It depends on several things that actually determine which two insurance plans you can have . Some insurance companies allow for what Coordination of Benefits -LRB- COB -RRB- with one another . The way to figure it out which is allowed is to let us know what exactly you have and which two insurance companies you have . Some states will not allow Medicaid to be primary , but they will allow COB coverage . It comes down to what the companies will allow and the employers/state allows the company . Hope this helps ,


Input: Is Car Insurance Federally Mandated?

Output: No , personal auto insurance is not federally mandated . Most States , however do have laws on the books that require proof of insurance in order to register and maintain registration on a car . In these states , the law usually includes a stipulated `` minimum '' amount of coverage . Though the state minimums may be different , the required coveagewould include Bodily Injury and Property Damage as well as Uninsured/Underinsured coverage . Some states also have a `` No Fault '' provision which requiers a policy to include coverage for primary medical benefits . States do n't usually include Comprehensive or Collision Coverage under the requirements . . but your lienholder will .


Input: How Does Social Security Fit In My Retirement Plan?

Output: Social Security can be a very important component of your retirement plan . Determining when to begin taking your Social Security , the amount you receive and your personal savings and investments will determine the income you will have available when you retire . A good retirement planner can save you thousands of dollars .


Input: How Does Social Security Fit In My Retirement Plan?

Output: Hopefully , it will not fit in too much . Each year we hear about Social Security drying up as people are living longer and drawing benefits longer . Keep in mind that Social Security will not affect what you get from your pension , profit sharing , savings and other assets you have to draw from upon your retirement . Its just that the benefits are drawing up for people like you and me who will be retiring in the future . You should contact the Social Security office and get a printout of what you anticipated benefits will be so that you can budget . This will help you better plan your retirement .


Input: Does Homeowners Insurance Cost More If You Have A Dog?

Output: It may . It is very difficult to say with absolute certainty as each carrier sets it 's own equations that determine their rate for any policy . Having a dog does raise the possiblity of having a liability claim due to a dog bite . Almost all carriers will ask if a prospect owns a dog and the breed of the dog . Contact a local agent to discuss coverage availablity and pricing within your area .


Input: Does Renters Insurance Cover Theft From Your Car?

Output: A specified percentage of your property is covered when it is not on premises . Items of personal property would be covered if taken from a car . Damage to the car would not be included in the settlement and a deductible will be applied to the adjusted claim . Be careful on what you claim , though . Recently a customer claimed the loss of more property than could possibly have been in a large van and the car in question was a very small sedan . Adjusters are stupid .


Input: Does Renters Insurance Cover Theft From Your Car?

Output: Absolutely . Renters Insurance is often extended to things like storage units , automobiles , property in your luggage while you are on a trip . Many people are unaware of this and therefore usually end up with a loss not knowing that they could file a claim . Please contact me for more information


Input: Does Renters Insurance Cover Theft From Your Car?

Output: The only way to know for sure is to file a claim but your chances are looking pretty good . While your renter 's insurance wo n't cover the damage to your car , it will probably cover the items stolen from the car to some extent . Good job on having renter 's insurance which is one of the coverages most people neglect to get !


Input: Is Medigap Insurance Worth The Cost?

Output: To determine if a Medi-Gap policy is worth the cost to you , you might want to look back at the last couple years and add up you total co-pays and deductibles that you paid . Medi-gap policies are designed to cover those costs for you , so if you paid more in deductibles and co pays last year than the premiums will be for the Medi-gap , it 's probably worth it !


Input: Is Medigap Insurance Worth The Cost?

Output: That is a great question ! Unfortunately , though we have made progress on health care in America , there are still issues . One of them is the gap in coverage left from Medicare in coverage needed by most Elder Citizens . Dental coverage , for example is not Medicare covered , as well as many other services and medications . That is where the Medigap plans come in . They help cover for the expenses of , or the provision of many of those services . Look for one that provides the coverage that you need . Thanks for asking !


Input: How To Get Disability Insurance?

Output: To get disability insurance you simply find an insurance agent , choose a company , and apply . It is important to note that some agents will work for one company and recommend that one company 's product , while other agents -LRB- sometimes referred to as brokers depending on what state you live in -RRB- will represent several companies and can talk about benefits and draw backs of several insurance companies . Once you apply you will need to provide financial documents supporting the claim that you actually earn the income you seek to protect and you 'll need to undergo medical underwriting . Medical underwriting typically includes a paramedical exam . These exams include a nurse that takes your physical measurements and asks you a list of 20 or so health related questions . In addition , medical underwriting will require a blood and urine sample to be collected and evaluated by a testing facility . There is no cost to the applicant for any of these medical requirements as they are paid for by the insurer .


Input: How To Get Disability Insurance?

Output: Obtaining competitive disabilitycoverage means you need to goshoppingonline.Long term disability insurance may be one of the most important insurance products you can purchase . Making sure you obtain a competitive quote means you 're going to need to do a bit of Internet trolling . There areseveralbrokerageoutlets that represent some of the top disability companies in the country . Some of these outlets have comparison spreadsheets that can assist indeterminingthe right policy for you .


Input: How To Find Medicare Fee Schedule?

Output: I believe you can view a copy of the physician fee schedules on the Centers for Medicare and Medicaid Services website , cms.gov . If you ca n't find it on there , I would recommend calling them if you have a specific item you are trying to get additional information about .


Input: Will My Homeowners Insurance Cover My Pool?

Output: Your homeowner 's insurance will cover your pool , if properly explained to a broker and correctly listed on a policy . Typically , there will be specific requirements regarding the pool . For example , I am not aware of any carrier that does not require that the pool be fenced in and securely locked and maintained . The pool should be kept in good condition and free of hazards . And of course , you should enjoy your pool and all of the neighbors that willwantto visit you ... especially in June and July !


Input: How Is The Air Force Retirement Plan?

Output: The US Air Force is a part of the Department of Defense . Their pension is actually a form of deferred compensation . Participants do not become vested after a few years like civilian plans . Rather , they become eligible for benefits after completing twenty years of service . At that time , not at age 65 , they can receive half of their base pay for the balance of their lives . They also retain many benefits they enjoyed on active duty . Between an airmans twentieth to thirtieth year of service the benefit increases until at thirty years of service it is seventy-five per cent of their base pay .


Input: How Much Is A Health Insurance For An Individual?

Output: Health insurance for an individual costs much less than you may realize . As an experienced health insurance broker -LRB- more than 33 years -RRB- , I am asked and answer this question daily . As a broker , our job is to find the lowest available rates and the best coverage for that price . Specifically , rates vary , depending greatly upon where you live , how old you are and the type of coverage you need . Also , the Obamacare federal subsidy can dramatically reduce your premium . If you qualify , your rate could reduce by $ 1,000 per month -LRB- family -RRB- or more . And yes , it is possible that the subsidy will be more than your premium ! You can choose among four Metal plans -LRB- and a low-cost catastrophic plan if you qualify -RRB- .


Input: How Much Is A Health Insurance For An Individual?

Output: The average cost per person in the country for a health insurance plan is estimated to be about $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to an individual as compared to the overall group . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . This is where an independent insurance agent can really help you . They can work with you to look at a wide range of options from many of the top carriers in the industry and find the plan that 's going to be best suitable for your needs .


Input: Which Medicare Plan D Is Best?

Output: Medicare Part D plans change , what 's best for you this year may brake your piggy bank the next . Every year from October 15 to December 7 is the time when you need to re-evaluate your prescription coverage and the best way to do that is by going to the Medicare Web site WEBSITELINK and click on the green button `` Find health & drug plans '' . Every insurance company that is going to offer a Part D plan for the following year has to submit their formulary , what drugs they are going to cover and the cost to Medicare . The Medicare site allows consumers to enter all of their drugs , it will search and compare all of the insurance companies and it will show you which plan give you the best value . This is something that you should do every year to make sure that you always will have the best coverage . If you do n't feel comfortable doing this or if you do n't have computer access then check with a good broker that represent multiple companies and they will do that for you for free . This process generally takes me about 10 to 15 minutes for my clients . If you need more help please feel free to contact me .


Input: Which Medicare Plan D Is Best?

Output: The different Part D plans provide selection from a `` basic '' plan that has a $ 310 deductible or an `` enhanced plan '' that is going to have no deductible and lower copays . Medicare is quickly becoming a `` pay me now or pay me later '' equation and it is not designed or meant to pay all costs . That is why that `` insurance agent '' gets paid and is charged with the responsiblity of full disclosure and assuring that you have the opportunity to make the choice that best meets your personal objectives


Input: Which Medicare Plan D Is Best?

Output: The reason there are so many plans is because each person has different needs . A person that is very healthy and takes few prescriptions may do well paying a low monthly cost but pay more for their prescriptions . A person that takes several expensive medications would do better with a high monthly premium , but lower co-pays and co-insurance . It is best to contact an independent agent for guidance as different policies cover different medications . They can compare coverage between several companies to provide you with the best policy .


Input: Does Homeowners Insurance Cover Loss Of Use?

Output: Most homeowners policies provide some form of coverage for the `` additional '' costs a family incurs should their home be damaged by a covered loss and not fit for occupancy . I would n't call it `` Loss of Use '' but it 's fairly close . The coverage limit is usually a separate amount of insurance and is based on a percentage of the amount of insurance you carry on your home , 20 % or more is common .


Input: Does Cigna cover liposuction?

Output: Liposuction is normally a cosmetic procedure . Major medical plans , including those offered through Cigna , typically only provide coverage for procedures that are considered to be medically necessary . If your doctor can convince the carrier that liposuction is necessary for your overall well being , there is a chance the procedure could be covered ... but I would not count on it ...


Input: Who Can I Talk To About Life Insurance?

Output: Each state has n insurance department that issues several licenses to sell different insurance products , including life insurance . A candidate for life insurance is required to take and pass test to receive licensed authority to sell life insurance . Most carriers also require error and omissions . My recommendation is that you speak to a licensed local agent or go online to a brokerage shop that offers multiple carriers .


Input: Who Can I Talk To About Life Insurance?

Output: Many life insurance agents will talk to you about life insurance and help you figure out what is best for you . Since life insurance agents literally deal with life and death , most have a desire to help others . If you try one agency and they just push you to buy without explaining what you need to know , just go to another one . The internet and cities are full of choices .


Input: What Does It Mean When A Retirement Plan Is Said To Be Tax Qualified?

Output: Qualified retirement plans can be defined benefit or contribution plan . In a defined contribution plan , the contributions are pretax -LRB- or qualified -RRB- . The accounts accumulate tax deferred and distributions are taxable as ordinary income tax rates . Qualified defined contribution plans , like 401 -LRB- k -RRB- s , are under ERISA -LRB- Employee Retirement Income Security Act of 1974 . -RRB-


Input: Medicare Part B Excess Charges?

Output: `` Excess Charges '' only occur with Part B coverage . Whether or not a Medicare Beneficiary may be subjected to Part B Excess Charges by a provider depends entirely on how the provider is contracted with Medicare . When the provider choose their method of contracting with Medicare they must choose whether they will be `` Participating '' or `` Non-Participating '' . This terminology may be confusing but it really is not . `` Participating '' simply means the provider will accept the Medicare assignment of the Medicare approved amount as payment as total payment -LRB- Medicare 's part -RRB- for services rendered . `` Non-Participating '' means the provider has chosen to not necessarily accept the Medicare approved amount as total payment -LRB- Medicare 's part -RRB- for services rendered and may choose to charge the beneficiary up to 15 % of the Medicare approved amount -LRB- in addition to the beneficiary 's cost sharing amount -RRB- . The provider may choose on a case-by-case basis whether to seek excess charges from the beneficiary . This rule applies ONLY to physician fee schedules thus applies only to Medicare Part B charges . So it depends entirely upon whether the provider has chosen to contract as a `` Participating '' or `` Non-Participating '' provider with Medicare . If you are in doubt it may be beneficial to contact the office manager at your provider 's office and ask whether the provider is `` Participating '' or `` Non-Participating '' as it applies to Medicare approved payments . All the best . Mark


Input: Medicare Part B Excess Charges?

Output: In short , Part A is your hospital insurance and Part B is your physician insurance . Excess charges falls under what a doctor can bill you for . If you read an outline of coverage of a plan F or a plan G -LRB- whichever carrier 's outline you want to look at does n't matter - the plans are standardized so the input is the same regardless of company -RRB- , you will see that Medicare Part A pays all but specified amounts during a hospital stay -LRB- as an inpatient -RRB- as follows : 1 -RRB- First 60 days - Medicare Part A pays for all but $ 1,260 . Medigap plan F and G pay the deductible for you . 2 -RRB- Days 61-90 - Medicare Part A pays for all but $ 315 a day . Medigap plan F and G pay the $ 315 a day for you -LRB- 30 days totals up to $ 9,450 -RRB- . 3 -RRB- Days 91 + -LRB- while using 60 lifetime reserve days -RRB- - Medicare Part A pays for all but $ 630 a day . Medigap plan F and G pay the $ 630 a day -LRB- 60 reserve days totals up to $ 37,800 -RRB- . 4 -RRB- Once lifetime reserve days are used , additional 365 days - Medicare Part A pays $ 0 . Medigap plan F and G pay 100 % of Medicare-eligible expenses up to an additional 365 days . 5 -RRB- Beyond the additional 365 days - Medicare Part A pays $ 0 . * Note - that 's per benefit period ! A benefit period begins on the first day you receive services as an INPATIENT and ends after you 've been out of the hospital for at least 60 days in a row . It 's possible to have more than one benefit period in the span of a year . Inpatient stay coverage per benefit period includes semi-private room and board , general nursing , and miscellaneous services and supplies . Please also note , you can be in a hospital for a day or two and still be listed as an outpatient . If you 're unsure , you should ask your doctor if you 're listed as an inpatient or outpatient in their system . Unless you 're admitted as an inpatient , you 're being treated as an outpatient which is where your Medicare Part B coverage comes into play . Part B pays about 80 % of medical expenses leaving you responsible for the other 20 % -LRB- covered by plans F and G -RRB- . If a doctor accepts Medicare assignment , they accept the Medicare-approved amount as payment in full . If they do not accept Medicare assignment , they can bill you an excess charge - which are covered by plans F and G . If you live in Connecticut , Massachusetts , Minnesota , New York , Ohio , Pennsylvania , Rhode Island , or Vermont , you can not be charged excess charges by a doctor due to the Medicare Overcharge Measure laws . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: Medicare Part B Excess Charges?

Output: Physicians do have a third option besides `` Participating '' or `` Non-Participating '' . The can become a private contracting physician -LRB- opting out of Medicare -RRB- , agreeing to bill patients directly and forego any payments from Medicare to their patients or themselves . This is rare however , fewer than 1 % of all physicians are private contractors . Due to limiting charges , Medicare reimbursement penalties , and administrative collection costs , Part B excess charges are an extreme rarity and not something to be concerned with . It 's a non-issue in the states mentioned in a previous reply , and any Medicare beneficiary can make it a non-issue by checking that your services provider is a Participating provider in Medicare .


Input: Can I Borrow Against My Retirement Plan?

Output: Some retirement plans have the ability to make hardship loans , some do n't . Be aware that when you borrow from your plan you are limiting the amount of money you will have when you retire . Even if you pay the money back -LRB- which you are required to do -RRB- the lost earnings on the borrowed funds have a compounding effect on your benefit .


Input: Can I Borrow Against My Retirement Plan?

Output: Can I borrow against my retirement plan ? With some plans , yes you can . But with this option the question becomes `` should you '' ? Loan provisions would be most common with a 401 -LRB- K -RRB- plan . While usually hardship related , the reasons have been reduced from hardship only status for some time . Trucks , cars , vacations were the norm for a while with retirement plans loans . The problem with pension loans is they take funds out of the investment pool . Sure you 're paying yourslef back , but at 5 % . What happens when those funds , left alone would have made 10 % ? Also if you leave employment for any reason , the loan balance is due immediately or it becomes a pre-mature distribution . So taxable income and a 10 % penalty . Borrowing from your pension is a last resort only choice . Never a first choice .


Input: Why Are Women Charged More For Health Insurance?

Output: Under the new Affordable Care Act , individuals are not charged gender-specific rates . Your age and location -LRB- e.g. zip code -RRB- can still affect what health plans and premiums are available for your program . The health insurance system that was in place prior to the Affordable Care Act generally charged more for women than men because women would typically use healthcare services much more often than men .


Input: Why Are Women Charged More For Health Insurance?

Output: Insurance is sharing risk . If you drive a Corvette and I drive a Honda Fit , would you think that it was fair for both to be charged the same premium ? The same is true for any segmentation that takes place . You dont think that it is fair for women to be charged more than men for health insurance . Insurance company records show that it costs more to treat women than men , so like the Corvette , their premium should be higher . In todays environment health coverage is becoming an entitlement . The dialog shifts from demonstrating meaningful segments to politically defined segments . Insurance companies are told what factors they can use to base their rates . Perhaps in the near future women and men will pay the same premiums .


Input: Does Metlife Require Medical Exam Life Insurance?

Output: MetLife offers two types of Life Insurance policies in relation to exams . One type does require an exam , and one type does not . Also , if you are very young , apply for a very small Whole Life policy , or some other circumstances , even those policies that normally require an exam may not require one for you .


Input: Who Created Auto Insurance?

Output: After the First World War automobiles became more widespread , faster and were involved in more accidents . Although there was not a legal reason associations formed to share the risk of operating a car . The risks were basically , to pay for injuries sustained in collisions and to repair vehicles after a collision . When these associations became big enough they formed into legal companies that could raise money and provide proper administration of the various plans .


Input: Does Health Insurance Run Out?

Output: The answer is simple . Yes . If you do not pay your premium , either an individual or group policy , it will terminate . There may be a grace period or reinstatement clause , but typically , the policy will be in a lapse stage . If your question was referring to actual `` benefits '' of a policy , The Affordable Care Act eliminated lifetime caps on covered benefits that are paid -LRB- although some policies , such as short-term plans -RRB- are exempt .


Input: What Are Average Term Life Insurance Rates?

Output: I wish there was an easy answer to this question , I get ask this a lot . Unfortunately , there is not an easy answer . Life insurance rates are determined from many factors such as age , build , health status , lifestyle , residence , income and net worth to name a few . I recommend using an experienced independent life insurance broker to professionally shop for the best coverage at the best price for your unique situation ,


Input: What Are Average Term Life Insurance Rates?

Output: Adding on to Peggy 's response , each company has different rates . As long as the term is guaranteed for the entire period , up to 30 + years , and the company is reputable -LRB- financial ratings which indicate a great ability to pay claims -RRB- , and have a reputation of not taking months to send the claim , then I would look at the lowest cost of Term Life Insurance . There are other options which add value you might consider . Even though they can & do increase the cost you pay , the value may be worth it . Consider options such as Critical Illness & Chronic Illness coverage , perhaps a Return of your Premium at the end of your term , etc. .


Input: What Are Average Term Life Insurance Rates?

Output: To see what average Term Life Insurance rates are for someone your age , go to a quote engine on a website that offers instant quotes -LRB- as mine does -RRB- . Look at the Standard rates . Those are what someone with an average life expectancy would pay for life insurance . Of course , the average rate for any one person depends not just on age , but also their health , whether they smoke , gender , and other things . Those factors can cause one 's premium to be much higher or lower than Standard .


Input: What Are Average Term Life Insurance Rates?

Output: Term life insurance rates are so variable that there is really no way to state an average Term life insurance rate . They depend on the length of the term -LRB- the shorter the term , the lower the rates usually are -RRB- , the health risk of the Insured person , whether tobacco is used , and the face amount of the policy . To compare Term life insurance rates , visit the quoters on websites such as ours , that will allow you to put in different ages , health conditions , term lengths and face amounts . By seeing what the best rates are for the top 5 or ten carriers , you will not necessarily be seeing the average rates but you will see the lowest rates available for you .


Input: How To Compare Variable Annuities?

Output: The history of sub account performance can never be an indication of future returns , but they can sometimes give you appreciation of the performance consistency of the fund manager . Comparing policy expenses is an excellent tool to decipher the cost of using one contract over another . And the last item is the annuitization rate and mortality credits for lifetime income scenarios .


Input: What Is Appreciable Life Insurance?

Output: Appreciable life insurance is also called Variable Appreciable Life Insurance . It is a type of life insurance that has an investment variable in addition to insurance protection . If the Variable Appreciable Life Insurance policy is Whole Life , the investment is is put into mutual fund funds which may cause the cash value to increase , decrease , or stay the same .


Input: How Much Is Term Life Insurance For 62 Year Old?

Output: If you are 62 and in good health , with no chronic diseases and no significant medications , or restrictions , you should be able to get term life insurance . The rate will depend on the amount of coverage you want in dollars and the length of time it want that coverage to remain at a level premium . The longer the period , or the coverage , the higher the premium will be . If you want the longest , you should be able to get coverage to age 80 , or perhaps 82 with some companies . You should also be able to get coverage for $ 250k , or 500K with 1M being not likely . You probably will find a policy you are happy with for around $ 250 a month if your health is good . Thank you . GARY LANE .


Input: How Much Is Term Life Insurance For 62 Year Old?

Output: Regardless of age , here are the things to consider when buying life insurance . If you died today how would your loved ones be affected ? Do they depend on your income ? How much debt would be left i.e. mortgage , car loans , credit cards , etc. ? Last do they have the money liquid to cover final expenses , i.e. taxes , funeral , etc. ? Once you answer those questions , how many years will it be before they do not need your income ? When is debt paid in full and money set aside for final expense ? For example , you need ten times your income in order for them to invest the money to replace your income . Add to that the total debt number and how the years until payoff . If you need $ 500,000 to complete that and it will take you 15 years or age 77 when all is paid off , then purchase $ 500,000 15 year term policy to cover this scenario .


Input: How Much Is Term Life Insurance For 62 Year Old?

Output: $ 250,000 of 20 year Term life insurance for a very healthy 62 year old male will run between $ 150 to $ 250 per month . At age 62 , selecting a shorter term will cut the rate down drastically . However , to get a term length beyond 30 year Term is very rare at age 62 . To get longer coverage , you most likely have to take Universal Life with a guarantee to not lapse before a certain age . Unless you absolutely know that you will only need your policy for a limited number of years , taking the Universal Life option is a much safer way to go . If you were to buy a 20 year Term policy , get cancer at age 81 , and then live to age 85 , you most likely will be unable to afford the annually renewable premiums AND be unable to qualify for the amount of life insurance you want . If you can qualify for Preferred rates at age 62 , chances are you are going to live a long time . It is easier to lock your rate in for a long time now , than it will be to get a new , affordable policy when the term runs out . So do n't cheat yourself ; get a policy that will still be in effect when you die .


Input: How Much Is Term Life Insurance For 62 Year Old?

Output: If you are in California and are in great health your $ 250,000 policy would cost about $ 80 a month for 10 year term . 20 yr . term would be almost twice as high . A look at the mortality tables will show you that the number of people that die is increasing rapidly as you age . If you need permanent insurance , you might qualify for a policy for around $ 500 per month .


Input: How Much Is Term Life Insurance For 62 Year Old?

Output: There 's many factors that go into the costs for term life insurance to say what an average plan costs - it will be different for every person due to a number of factors including their age , amount of coverage they want , how long they want the coverage for -LRB- , their risk classifcation , and whether they 're applying with full underwriting or non-medical term coverage . At age 62 , you 'll have term life insurance options for 10 , 15 , 20 , or 25 years - 30 years term insurance would not be available due to age - you would need to look at permanent programs to secure coverage longer than 25 years . If you want to consider coverage beyond 25 years , I would suggest looking at a Guaranteed Universal Life insurance policy -LRB- GUL -RRB- If you 're looking for something in the $ 100,000 , 10yr term insurance range , you could be looking at premiums of about $ 35 per month to over $ 100 + per month . $ 250,000 , 15 yr term can be as low as $ 103 per month . So on and so forth . However , any numbers I quote without more details regarding your medical history will be useless . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please 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- . Consulting with an experienced life insurance broker would be the best course of action . Brokers can shop the case for you among a number of carrier to see which one will work best for your program and help you structure a policy that will best serve your needs and your budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Is Term Life Insurance For 62 Year Old?

Output: That is a great question ! I 'd be very hesitant to quote you a price , because I know nothing about your health situation , your gender , your desired amount of coverage , or whether you smoke . The price can vary from relatively inexpensive to very expensive based upon your answers . I am very careful about suggesting term policies for folks your age , as it is likely that you will throw that money away , when it might have been better spent . If you are in good health , you will outlive it , and then have no coverage , and possibly be unable to get another policy , either because of new health issues , or your age . If you are in terrible health , you wo n't qualify , or it will be very expensive either way . I 'd sure like to have a better idea of what you are thinking , if you would like to contact me , I 'll clear up time to speak with you about it . Thanks for asking !


Input: Which Company Has The Best Life Insurance?

Output: Which company has the best depends on what your life insurance needs are . I do advise doing research on the strength and financial out look of a life insurance company . AM Best is a great place to start . WEBSITELINK As for rates find an independent agent who can look at multiple life insurance providers that can offer you the best options at an affordable cost to meet your needs . I always recommend face to face consultation when it comes to life insurance .


Input: Which Company Has The Best Life Insurance?

Output: There are many different types of life insurance policies , and each life insurance company offers the type of coverage that best fits their goals , operations , finances , and customers . E.g. North American Company for Life and Health offers many competitive annuities and IUL products , whereas Fidelity Life specializes in No Exam policies . Some have a medical staff that makes them more suited for persons with serious health conditions , whereas others reject most health conditions and optimize their coverage for those with preferred health . That is why it is helpful to use an agency where you can shop from many different companies , or better yet , let that agency do it for you . After all the years it has taken me to learn what is best for different situations , I do n't see how anyone can do it on their own . However , websites and online quote engines can give you a start so that you can go into the shopping experience with some ideas of what you might need and want .


Input: Which Company Has The Best Life Insurance?

Output: There 's no one company that offers the `` best '' term life insurance . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . This is because people may qualify for different risk classes , they may be looking to secure a different amount of coverage , keep the coverage for a different length of time -LRB- term vs. permanent -RRB- , or may live in a different state -LRB- not every product from every carrier is available in every state -RRB- . All of these factors go into the calculation of rates . You should consult with an experienced life insurance broker who can shop the case for you and compare multiple companies to see who will offer you the lowest rates for what program you 're looking to set up . Please feel free to contact me for help . Thanks very much .