Input: How Long Is A Whole Life Insurance Policy Good For?

Output: A whole life policy is designed to last until your natural mortality -LRB- death -RRB- assuming all planned premiums are paid and there are no outstanding loans on the policy . Most whole life policies also have an options called `` reduced paid up '' which means the insurance company will offer a smaller death benefit with no further premiums that will last until death .


Input: How Long Is A Whole Life Insurance Policy Good For?

Output: A whole life insurance policy is good for your whole life . You can pay for it in a lump sum , or pay premiums for the rest of your life , or somewhere in between -LRB- e.g. pay premiums to age 65 -RRB- . As long as sufficient premiums are paid and you have not borrowed money without paying it back with interest , your policy will stay in effect for your whole life .


Input: How To Calculate Imputed Income For Life Insurance?

Output: Imputed income is the taxable value of group life insurance over $ 50,000 that is provided to employees . There are a number of calculators on the internet that will calculate imputed income for you by you inputting several variables . Here is one of them : WEBSITELINK .


Input: How To Calculate Imputed Income For Life Insurance?

Output: The IRS taxes the value on the employer sponsored group benefit term life insurance exceeding $ 50,000 . The taxable portion is the imputed income . The monthly premium for employer sponsored group benefit term life insurance is payroll deducted , i.e. pretax . The amount over $ 50,000 is added to your taxable salary or imputed income . Here 's ING 's calculator : WEBSITELINK


Input: How Do You Compare Term Life Insurance Policies?

Output: Generally term life insurance is very inexpensive . Make sure the policies are comparable in benefits and then compare by cost . One benefit to look for is , can the policy be renewed after the initial term ? Another benefit to consider is the ability to convert the policy to permanent insurance without medical information .


Input: How Do You Compare Term Life Insurance Policies?

Output: That is a great question ! Really the only thing that will differentiate on 5 year term policy from another is the price , the company issuing it , and whatever perks come with the policy . Since there really are n't many perks , it really comes down to the price , both now , and if you needed to renew , and the financial stability and trustworthiness of the company you purchase it from . I hope that helps , thanks for asking !


Input: How Do You Compare Term Life Insurance Policies?

Output: Some things to look at when comparing Term Life Insurance policies are : 1 -RRB- Length of the term . Longer terms usually cost more , so if you are not comparing policies with the same term , you are not getting a valid comparison . 2 -RRB- Guarantees . If the premium is not guaranteed to stay the same for the entire term , you can not compare it to a policy that is guaranteed to stay the same for the entire term . 3 -RRB- Riders . You need to make sure each policy has the exact same riders -LRB- if any -RRB- to make an accurate comparison . 4 -RRB- Convertibility and/or Living Benefits . These add value to a policy , so keep that in mind if comparing a Term policy with these features to one that does not include them . 5 -RRB- Health Rating . One company may rate you Standard , while the other may rate you Preferred . You pretty much need to talk to an experienced agent to find your best health rating . But another factor is : 6 -RRB- Price . One company may charge you $ 100/mo for Standard , while another company may charge you $ 100/mo for Preferred . So it is important to look at price in addition to health rating . 7 -RRB- Agent . It never hurts to run your Term choices by an agent you can trust , and get their take on the comparisons . Life insurance can be complicated and agents should have the ethics to help you save money while getting the best features .


Input: Does Medicare Pay For Pneumonia Vaccine?

Output: Yes , Medicare Part B pays for pneumonia vaccine and also the shot itself . If your doctor does not accept assignment , you may need to pay for your doctor 's service , but not for the pneumonia vaccine or shot . Pneumonia immunizations are also covered by Medicare when administered at participating group clinics , unless you are in an HMO that requires you to go to a certain location to receive your shot in order for Medicare to pay for it .


Input: How To Determine How Much Life Insurance To Buy?

Output: A lot depends on your circumstances . While some agents use a rule of thumb approach each case is different . It depends on what you need to protect . Are you married ? Is there children ? Do you have a mortgage or debt ? What is your income level ? Does your spouse work and will he or she be able to continue to work if you die ? A good agent will do a complete fact find analysis of your situation , taking in consideration all of your needs and your financial situation and help you determine the amount of insurance you need , the type of insurance and take in consideration the affordability of what he recommends .


Input: Can Nursing Home Take Life Insurance?

Output: If you are going through a Medicaid spend down , the nursing home can take the cash value in your life insurance policy down to an amount that will leave you with the allowable amount of assets . You have the right to purchase a final expense policy or a burial policy , so it may be possible that your life insurance policy can be designated as this permitted final expense policy .


Input: Can Nursing Home Take Life Insurance?

Output: If by take life insurance , you mean the death benefit proceeds assigned by the beneficiary or proceeds from the beneficiary , yes you can that . And keep in mind that the life insurance death benefit proceeds generally pay tax free lump sum amount . Life insurance proceeds can pay for numerous senior items during retirement .


Input: What Is Better Life Insurance Whole Or Term?

Output: Term insurance is the best for most people because it provides the opportunity to purchase the most coverage for the least premium dollar and frees up more savings dollars or money to pay down debt . In the early years a family needs more protection while their debts are the highest , they have a mortgage , the kids are at home , and loss of income would be devastating . This is where the most life insurance coverage is needed for protection as the cash estate is growing . However , in the later years , when debts are lower or eliminated , the home mortgage is nearly gone , and the children are out of the home , less life insurance is needed and more retirement income is needed . Term insurance is the only type of insurance that will protect with the right amount of coverage without reducing the amount of money to invest . There is no mathematical reason to have cash value life insurance of any type .


Input: What Is Better Life Insurance Whole Or Term?

Output: Neither is better , just different products for different needs . Term is for temporary needs and permanent is for lifelong needs . The premium you pay for permanent life insurance -LRB- whole life , universal life , etc. -RRB- builds cash values which can ensure coverage can not be outlived like term insurance which almost always expires before you do .


Input: What Is Better Life Insurance Whole Or Term?

Output: Which is better whole life or term ? Depends on what you want your coverage to provide you . Both are functional practical products that serve people very well . The trick is to figure out which is best for your situation and diminish outside noise about what you `` should '' have done . The choice is personal and opinions will always vary . I chose whole life and have been very happy with it and it 's performance , as I understand RISK and what my tolerances for it are .


Input: What Happens When You Cancel Universal Life Insurance?

Output: The procedure for surrendering a universal life policy is similar to surrendering a whole life policy in that both policies have cash value . There is a table of non-forfeiture provisions that should be inside your policy . These will tell you how much guaranteed paid-up insurance you could have , or how long a term policy would remain in force . Additionally it will give you the amount of money available if you decide to surrender the policy .


Input: What Happens When You Cancel Universal Life Insurance?

Output: One last addition to the answers above . If you have borrowed against your universal life insurance policy and did not repay the loan out of your own pocket , you may have tax implications on the remaining loan amount and interest charges . Contact your agent pr the carrier to help you keep up with your policy 's performance , if your agent is negligent in keeping up with you .


Input: What Happens When You Cancel Universal Life Insurance?

Output: That is a great question ! There are a couple of ways this could go . By surrendering it , you will have no more insurance coverage , so you first want to consider having another policy in force before doing away with this one . Secondly , if it has any kind of cash value over what you 've paid into it , that growth amount is taxable . If you are considering the surrender to take the cash out of it , then you want to consider the tax implications.If it 's sizable , you may end up in a higher tax bracket for the year , as well as giving away a sizable portion back to Uncle Sam . Perhaps a loan from it , and keeping the coverage would make more sense . If you 're surrendering because it is tanking , and will soon cost you more than you 're willing to spend on it , then your main issue will then be the loss of coverage . Check with your adviser to see how the surrender of the policy will affect you , before acting , okay ? Thanks for asking !


Input: What Happens When You Cancel Universal Life Insurance?

Output: You have a few options when cancelling a universal life insurance policy . First , you can use the cash value to purchase a paid up death benefit so you will have a life benefit to your beneficiary at your death . Second , you can cancel the death benefit and take the cash value which the growth is subject to tax on the gains . Last you can borrow some of the cash value tax free and keep the death benefit intact . I suggest speaking to your trusted advisor or insurance company to get the specifics of your options before making this decision .


Input: Can I Get Car Insurance Without A Driver'S License?

Output: It depends on the state and the underwriting rules of the company . Generally speaking , no . Most insurer 's will not insure you if you do not have a drivers license . You would need to title the vehicle as a joint title -LRB- you and someone else -RRB- and have the other person put insurance on it with you as an excluded driver . In most cases .


Input: Can Whole Life Insurance Be Converted To Term?

Output: No . If you have Whole Life and would rather have Term insurance , you could go a couple directions . 1 -RRB- Keep your whole life and purchase an inexpensive term policy to go with it.If you have been paying on your whole life for a long time , you may be able to quit paying premiums and still have a nice policy to keep for the rest of your life . You will probably never be able to purchase a new whole life policy as cheaply as the one you have now . 2 -RRB- Surrender your whole life and buy a new term policy . You may have some cash from your whole life that you can put toward your term policy . However , you can not buy term with a single premium - it must be on a pay period -LRB- monthly , quarterly , semi-annually , or annually -RRB- . So if you want to trade one for the other , put the money of the whole life somewhere where you wo n't be tempted to spend it on other things .


Input: Can Whole Life Insurance Be Converted To Term?

Output: No . Unfortunately , conversion is a one-way street . You can convert term insurance to permanent insurance but can not convert permanent insurance to term insurance . If you 're looking to get out of a whole life policy but still secure coverage at a lower price , you can look at completing a 1035 rollover into a Guaranteed Universal Life policy . It 's another permanent insurance program that minimizes the buildup of cash value to keep the premium at the lowest possible level with premiums and death benefits fixed and guaranteed for life . The 1035 rollover portion takes the cash value inside the whole life policy and applies it to the first year premium for the Guaranteed Universal Life policy to lower the premium even further . This can be a very valuable alternative course of action that is definitely worth considering . If you have a participating whole life policy , then the dividends paid by the program can be used to purchase paid-up additions to the policy -LRB- little amounts of paid-up coverage that accumulate over time that do not require additional premiums for the policy -RRB- . I hope the information is helpful . Please feel free to contact me for help with your coverage and if you have any other questions -LRB- you can reach me via the `` contact me '' button next to my name -RRB- . There are no fees for my services - all quotes are provided at no cost to you . Thanks very much .


Input: Can Whole Life Insurance Be Converted To Term?

Output: You can stop paying the premium on your existing whole life policy . The policy contains a table of non-forfeiture options . One of the options is extended term insurance on most policies . That table will tell you how long your current policy can provide a guaranteed death benefit without additional premiums . That option is risk-free and expense free .


Input: Can Whole Life Insurance Be Converted To Term?

Output: Traditionally , you can not convert a whole life policy to term . However , one of three options is available to you if you decide you no longer want whole life coverage . One involves converting a whole life policy to an extended term policy . This uses present cash value of the policy to cover the cost of an extended term policy of the same face value . This new coverage only lasts as long as there is sufficient cash value to sustain it . It is usually specified in the policy in terms of the amount of cash value relating to a specific term of coverage . For example , if you have a policy with a $ 25,000 face value and $ 2,000 cash value , this illustration will show how long $ 2,000 will cover the cost of an extended term policy of $ 25,000 face value . Whether the term is 3 years , 5 , or 10 years , coverage ends when the $ 2,000 runs out . Just FYI , the other two options are paid up insurance of a lesser face value -LRB- whatever amount $ 2,000 will purchase -RRB- , or a lump sum payment of the $ 2,000 to the policy owner .


Input: Can Whole Life Insurance Be Converted To Term?

Output: Yes , it can . As mentioned above , its called reduced paid up term . You get a lower death benefit for as long as the cash inside the policy lasts . However , I am not sure this will solve your problem . People often ask this question because they have whole life buyers remorese . They bought the policy because of the allure of the cash value , but then realized it wasnt worth it . They were paying too much money for not enough coverage , and the cash they would be accumulating wouldnt make that much difference in their overall wealth picture . If this is the case , then reducing the whole life to paid-up term may not give you the coverage you need for as long as you need it . You might want to consider purchasing a stand-alone term policy with the face amount and guarantee period that will get the job done . If you are concerned about qualifying for a good rate due to a medical or lifestyle issue , then make sure you are dealing with a broker who can place that type of case . You still may be able to get a very reasonable price .


Input: Can Whole Life Insurance Be Converted To Term?

Output: Typically , it only goes the other way when you can convert term to permanent or whole life . There are options mentioned above . The easiest way is to convert the cash value to paid up life insurance which will act like a paid up term life at a smaller face amount . However , reading between the lines it sounds as if you need to increase your face amount . If you have lost your insurability and needing more coverage , check with your agent that sold you the whole life plan . Some plans do have previsions to purchase more insurance during a certain period of time without proof of insurability . If you still have your health you may be better off to purchase a separate term life plan and leave your whole life policy the way it is for now .


Input: Can Whole Life Insurance Be Converted To Term?

Output: Jason has a good option for you . I have another consideration : reduced paid-up insurance . You can ask your carrier how much coverage they will guarantee if you stop paying premiums now . It will be less than you now have , but if that is okay , then you wo n't have to go through underwriting again for a new policy . It all depends on how much coverage you need , and for how long . And - importantly - what rate you could command if you bought a new policy . To determine that , you should get prequalified . Make sure you know the company , product , and price before you formally apply .


Input: Why Should I Buy Universal Life Insurance?

Output: Every situation is different . Universal Life may or may not be the correct choice for you . The advantages of Universal Life is in its flexibility and greater potential for cash accumulation . Properly funded a Universal Life can be a great choice for the person who needs life insurance and like the idea of being able to have a competitive saving built in . The disadvantage comes when a person does not put enough into the policy . Unless there is enough in the cash portion of the policy to pay the cost of insurance , you can lose the savings portion and the insurance . Know what you are buying and do not buy solely on perceived cost . Ask fo a complete illustration before purchasing Universal Life and look at the guaranteed portion , not just the projected .


Input: Can My Ex Have Life Insurance On Me?

Output: Not only can your ex-spouse buy a life policy on you , but should , particularly if you are paying alimony or child support . Your ex-spouse should apply for and own the policy . Then there is never any question about premium payment and beneficiary changes . Your ex-spouse has a distinct insurable interest . Of course this procedure needs your cooperation . If there are bad feelings you might consider the consequences if the court were to order you to cooperate or buy the insurance for your ex-spouse .


Input: Can My Ex Have Life Insurance On Me?

Output: I agree . There are so many reasons to own life insurance on an ex-spouse that it should be more common than it currently is . If you receive income from your ex , you should have insurance on that person . If they help care for your kids , or pay for their care -LRB- or would pay for college -RRB- , then you should have insurance in place to protect that income stream .


Input: Can My Ex Have Life Insurance On Me?

Output: Yes , that certainly can be the case . Though you are divorced , there can be any number of reasons that your ex spouse may have an insurable interest in you . Things like child support , alimony come to mind , but if you still have joint ownership of any property or a business interest , these are still considerations .


Input: Is TMJ Covered By Health Insurance?

Output: Currently TMJ is not covered by some policies . You need to check the exclusions in your policy . With implementation of the Affordable Care Act in January this may change . There will be fewer exclusions allowed . If you are currently paying for your own insurance , look for premiums to increase as a result .


Input: Is TMJ Covered By Health Insurance?

Output: Starting in 2014 , all pre-existing conditions , including TMJ , must be covered by health insurance companies . There can be no exclusions , waiting periods or extra fees charged for any type of condition -LRB- other than smoking -RRB- . State Exchanges will become operational by October when the Open Enrollment begins . Each state will have their own Exchange Marketplace and you may be eligible for a federal tax subsidy .


Input: Does Renters Insurance Cover Vehicle Vandalism?

Output: Renters insurance covers your personal contents of your rented property . If you vehicle was vandalized that is a comprehensive claim under your auto insurance , assuming that you carry comprehensive coverage . If you do not carry comprehensive they only thing to do is sue the person who vandalized your car , and most likly you do not know who they are . Sorry about your misfortune and best of luck to you .


Input: Does Renters Insurance Cover Vehicle Vandalism?

Output: No , there is no coverage in your Renters ' Insurance Policy for damage to your car for vandalism or any other reason . This coverage is available under the Comprehensive portion of your Car Insurance policy -LRB- for vandalism -RRB- . That having been said , if someone breaks into your car and takes personal items those personal items would be covered under a typical Renters ' Insurance policy subject to policy coverage limitations and the deductible .


Input: Does Renters Insurance Cover Vehicle Vandalism?

Output: Your car is covered by your auto insurance , not a renters policy . There is an obscure situation where there could be coverage but it would not be for a car used on the road . If your car was used to maintain the premises and was not used on the road it might be covered for vandalism .


Input: Does Bank Owned Life Insurance Work?

Output: The bank owned policy benefits the bank when a family crisis occurs such as the death of a income provider for a family . A personal policy that protects the family in the event of a death is a better place for income protection in the need to protect the mortgage . I agree that many times a Term Life Policy is the best choice for the family mortgage . Your need is best determined by looking at your current situation and determine how much debt , mortgage , and expenses could be covered through your policy . Term Life Insurance is very affordable and offers more coverage for the monthly cost . Many personal policies include benefits for when you are disabled , stuck by cancer or other critical illnesses , or even confined to your home with a chronic illness . Some families like to use a life insurance policy that provides the coverage and then refunds all of the premium back to them if do not have a death in the family . These options are not typically available through you bank or mortgage company . Yes , Bank Owned Life insurance works but it would be better to check with an Independent Insurance Adviser to see if your family or business would be better served with a personal policy with a Life Insurance company .


Input: Does Bank Owned Life Insurance Work?

Output: Generally Bank owned life insurance is designed to protect the bank if you take out a loan . I usually recommend buying your own policy . It gives your beneficiary more options . For example , mortgage insurance is usually offered by a bank . It can also be purchased on your own . Both would pay off the mortgage if you die . With the bank owned policy , that is the only choice . What if your spouse does n't want or need to pay off the mortgage however . This is not always the best option . If you own the policy , your wife or beneficiary may choose to invest the life insurance funds and use the interest to help make mortgage payments . Or the money would be more advantageous elsewhere . Mortgage life insurance with the bank is tied to that mortgage . What if you move ? Owning your own policy is portable , you can take it with you to your new home . I usually recommend level term to cover a mortgage . That way you have extra protection as your mortgage decreases because the death benefit will stay level . With a banks mortgage life insurance it just pays off the mortgage to the bank on that loan . Yes it works , but you are better off with your own policy .


Input: Does Bank Owned Life Insurance Work?

Output: `` Bank Owned Life Insurance '' is cash value life insurance purchased by a bank on a key employee and included in the bank 's balance sheet . It `` works '' as a financial tool held by the bank to accumulate additional value on its balance sheet , and to use for a number of different business objectives .


Input: Can I Add My Fiance To My Auto Insurance?

Output: Yes if they live in the residence as you . In many states you may even be required to add them onto your policy if they are residing in your household . Please contact a local agent to find out how this change may affect your rates . In many cases having multiple drivers and multiple vehicles will provide a better price than having the policy separate for each person .


Input: Can I Add My Fiance To My Auto Insurance?

Output: Anyone who drives an insured vehicle regularly or drives in the household should be listed on the policy as a driver . As far as adding your fianc to the policy , as a driver this should not present an issue . If your fianc has their own vehicle and you want to combine policies this may present more issues . Some companies will look at a domestic partnership the same as they do a marriage . In this case you would be able to insure both vehicles on one policy and receive the applicable discounts . Other companies will say that you have no insurable interest in your fiancs vehicle and therefore he or she must maintain a policy separately . Talk to your broker about how your company views this relationship .


Input: What Are Qualified And Nonqualified Annuities?

Output: A qualified annuity will have the tax characteristics of the particular type of plan it is -LRB- IRA , Roth IRA etc. -RRB- . A non qualified annuity has it 's own tax characteristics . Many of those characteristics are similar to qualified plans , but there are some that are unique to non qualified annuities . - There is no maximum annual contribution . You can invest as much as you would like into a non qualified annuity - Unlike in a qualified plan , the IRS does not force you to start taking withdrawals at age 59 1/2 or at any age - If you annuitize , your tax burden will be spread out over the withdrawal period . Instead of being taxed as earnings first , each payment will be taxed as being made up of both some earnings and some return of basis . This tax exclusion ratio is calculated at the time you annuitize .


Input: What Are Qualified And Nonqualified Annuities?

Output: A qualified annuity is one that is a part of a qualified retirement plan . For most people that means an IRA , Roth IRA , 401 -LRB- k -RRB- , 403 -LRB- b -RRB- or similar plan . The rules governing the treatment of the tax annuity are contained in the appropriate sections of the Internal Revenue Code . A non-qualified annuity is not a part of a qualified retirement plan .


Input: Will Medicare Pay For An Electric Wheelchair?

Output: Medicare Part B will pay for an electric wheelchair if all the following exist : 1 -RRB- Your wheelchair must be medically necessary and your doctor must order it after a face to face evaluation with you to determine/explain that need . 2 -RRB- You must be able to safely operate an electric wheelchair and get on and off of it safely -LRB- either by yourself or have someone there to assist you -RRB- 3 -RRB- You must be unable to do one or more Activities of Daily Living without it and a less costly assistive device will not enable you to dot that ADL -LRB- s -RRB- . 4 -RRB- You must have the type of home that accommodates use of an electric wheelchair .


Input: Does Renters Insurance Cover Hotel Theft?

Output: Talk to your insurance professional about the specific terms and conditions of your policy . In many cases , a renters policy will provide coverage for a certain amount of your personal property while outside of your home . If you are the victim of such a crime , certainly be sure to notify both the hotel management as well as the local police as having such reports available to your claims professional may help to speed the settlement process .


Input: Can I Be Denied Health Insurance?

Output: At this time yes you can . However that is soon to change . Beginning in January of 2014 the affordable care act mandates that no one can be denied coverage based on pre-existing conditions . You will be able to take out a policy in or out of the exchange . You also can not be charged more premium because of your health .


Input: Can I Be Denied Health Insurance?

Output: Currently in most states you can be denied individual health insurance if your pre-existing conditions are severe or costly . As a result of Obamacare , most states do not have child only health insurance plans . In most cases you can not be denied employer group health insurance plan coverage . All this will change in 2014 when carriers can not deny you but expect premiums to be 2x current levels .


Input: When Is Disability Insurance Awareness Month?

Output: The month of May is recognized as Disability Insurance Awareness Month . -LRB- DIAM -RRB- as it is often referred to is an excellent time for employers/employees to ask themselves : What would happen If I were to become disabled for either short or long term ? Many times the answer can be quite revealing ...


Input: When Is Disability Insurance Awareness Month?

Output: Disability Insurance Awareness Month -LRB- DIAM -RRB- is every May . At that time , workers are asked to look at their financial situation , and think about what they would do if they were to become disabled . Here is the link to a website that tells about the formation of Disability Insurance Month : WEBSITELINK .


Input: Can You Work And Get Medicare?

Output: You can qualify for Medicare if you are a US citizen or legal resident and have at least 40 Social Security wage quarters . You must also have lived in the country at least 5 years . If you -LRB- or your qualified spouse -RRB- do not meet the SS work requirements you can buy in to the system


Input: What Affects Homeowners Insurance Rates?

Output: Many factors affect the premium for your homeowners insurance coverage . Some these factors are : geographic location , reconstruction valuation of the home , number and dollar amount of homeowners claims that you have experience over the last five years , distance to the nearest fire department , distance to nearest fire hydrant , and many more .


Input: Can You Change Car Insurance During A Claim?

Output: Auto insurance is an at will product . Which means that you are capable of changing carriers or dropping your coverage at any point you wish . If you are in the middle of a claim I personally would not suggest changing carriers . Not that changing carriers will affect the claim process but why complicate your life while the claim is being processed .


Input: Does Long Term Disability Insurance Cover Maternity Leave?

Output: It might depending on the policy and how it is set up . Most Long Term disability plans have a lengthy elimination period f 6 months to a year before the plan kicks in . Generally , you are better off in this case to have a short term disability plan unless you become disabled for a long period due to complications . Also , check your exclusions in the plan .


Input: Does State Farm Have Term Life Insurance?

Output: Yes , State Farm offers term life insurance . You can contact a State Farm agent to get a quote . If you would like to compare their term quotes to quotes from other companies , be sure to compare the same terms , and check to see that all the guarantees are the same .


Input: How Soon Can You Use Health Insurance?

Output: How soon depends on the kind of health policy you apply for . There is short term which will take at least 5-15 days for approval . Then there isthe major medical plan that has to be reviewed including your medical records to qualify you for which coverages then some may even have waiting periods until you may use the policy . Then there is indemnity which is cash payment to the policyholderwhich starts as soon as the policy is approved within a day or two . It is mainly accident and sickness and critical illness with no waiting period .


Input: What Do Annuities Invest In?

Output: What do annuities invest in ? Well the easiest way to find out is to review the insurance company 's financial statements . This will give you a good idea of where they look to gain returns from . Usually insurance companies are risk adverse with their investment choices and tend to look for long term investments . This is also a reason they have attached such a long surrender window on annuities . The idea is to invest long term for annuities , rather than short term .


Input: What Do Annuities Invest In?

Output: An annuity is a contract with an insurance company . The company invests the funds it receives in a variety of ways . The annuitant , you , can choose how that money is to be invested or you can rely upon the company to invest the funds . If you chose to have the company invest the funds , the company will provide you with guarantees in the contract . If you select the investments , the results are not guaranteed .


Input: What Do Annuities Invest In?

Output: Money used to purchase fixed and indexed annuities are primarily invested in bond . There is a small amount of investments placed in other assets like commercial real estate , mortgages , and stocks . Indexed annuities also invest in a small amount of index derivatives put and call options . This makes up less than 10 % of the total holdings .


Input: What Is The Best Type Of Life Insurance To Buy?

Output: There is no such thing as best life insurance to buy . It all depends on your need and your stage in life . If you are in your 20s and 30s then a whole life policy may be appropriate since it tends to be more affordable in this state of your life . In your 40s and 50s a 30 year term may make much sense when a retirement investment is also created to parallel to term life so that if the policy expires in your 70s or 80s , your retirement savings will take care of burial cost in the invent of death . Remember always contact your financial advisor before you act . One thing to remember about whole life is that your premium goes to two places : Insurance and investment . Lets say you are paying $ 160 per month for whole life policy . $ 100 may go towards your insurance and $ 60 may into an investment account that yields some interest . Let say you purchased a face amount $ 500,000 and you were aged 30 when you bought it . Forty years latter at age 70 your saving has generated about $ 400,000 . If you die , your beneficiary will receive the insurance face amount of $ 500,000 but not the $ 400,000 in saving/investment account , That amount remains with the insurance company . You can withdraw your $ 400,000 as a loan while you are alive and has to paid back to the insurance company . If it is not paid then your insurance face amount will be reduced by loan balance upon your death . In short your beneficiary will receive $ 100,000 upon your death . Term life insures you only for a fix number of years usually 10,20 or 30 and policy expires or renews at a much higher rate You may also become un insurable at policy expiration . Remember to talk to your financial adviser


Input: What Is The Best Type Of Life Insurance To Buy?

Output: There is a diversity of life insurance products to fit multiple planning applications like indemnification , income and inheritance scenarios . Term and guaranteed universal insurance are generally indemnification and inheritance products to protect the policy beneficiaries from financial liabilities or benevolent giving of the policy insured . Participating whole life and current assumption universal life are conservative interest rate crediting policies for income scenarios . Other polices for income scenarios are Indexed universal life crediting earnings from indices , both domestic and foreign as well as variable universal life insurance which can credit from the guaranteed interest account or the separate sub accounts utilizing market equities and bond instruments . Product suitability , from a policy holder point of view , is determined by creating a financial profile that includes establishing product risk tolerance , economic goals and a reasonable timeline of life events based on life expectancy .


Input: What Is The Best Type Of Life Insurance To Buy?

Output: The best type of life insurance to buy depends on your needs and income . You can start by using a life insurance calculator found on some websites , to determine what role life insurance could play in your family 's financial portfolio . Most people use Term insurance to cover events over a limited period of time , such as getting your children through college or paying off a mortgage if the breadwinner was to die an untimely death . For events that have no time limit , such as using life insurance to pay for funereal expenses or to pass an inheritance to your descendants , permanent Life Insurance may be best . A good agent can help you translate your needs and budget into affordable life insurance coverage that will be best for you and those you are trying to protect .


Input: What Happens When Your Homeowners Insurance Gets Cancelled?

Output: You will be financially exposed for any liability claims and any damage to your home that is not covered by someone else 's liability coverage . If you have a mortgage your lender may require you to pay the premium for coverage that they are able to secure for the property if you do not obtain coverage on your own -LRB- typically within 30 days -RRB- .


Input: How To Get Long Term Disability Insurance?

Output: 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 are several brokerage companies online that offer several disability companies . It 's important to have a well represented inventory of disability companies to compare benefits and premium payments for a competitive analysis . Shopping online can help you secure a competitive bid as long as you 're fore right about your health history , current medical condition and you can substantiate your income .


Input: How Do You Go About Getting Medicare?

Output: If you are age 65 and have begun receiving Social Security benefits , you will automatically be signed up for Medicare Part A and B . You can sign up for an Advantage Plan or get Medicare Part D -LRB- or other letters -RRB- at that time , as well . You sign up for Medicare by visiting your local Social Security office , going to Medicare.gov -LRB- where you will be directed to a website where you can sign up -RRB- , or calling 1-800-MEDICARE .


Input: How Much Car Insurance Should I Buy?

Output: You should carry enough liability coverage to mirror your assets and future earning potential . In an injury settlement , most of your assets other than retirement account -LRB- unless you 're drawing from them already -RRB- can be used to satisfy a judgment . The U.S. Dept. of Transportation estimates the average cost of a fatality at over $ 2mil .


Input: Is Group Term Life Insurance Portable?

Output: Group life insurance portability is a `` it depends '' answer . Some plans are set up to expire upon your termination of employment regardless of reason . Some plans will offer you coverage subject to some underwriting . Some plans will remain the same but at a much higher premium than your employer was paying . Contact your owner or larger company human resource benefit manager to find out which plan you may have .


Input: Is Group Term Life Insurance Portable?

Output: While some group term life policies are portable you may want to explore other options before converting the policy . If you are healthy you may find far better rates in the individual market . If your new employer offers a program that may work better as well . Many ported group policies require no evidence of good health . The people most interested in converting group policies are sick . This behavior -LRB- adverse selection -RRB- drives up rates very high .


Input: Is Group Term Life Insurance Portable?

Output: In most cases as mentioned above group term life insurance is not portable , but the benefit ends with your employment with that particular employer just as all the other employer provided benefits do . However if you have purchased additional insurance to that which your employer has provided that portion at least should continue with you . You may also have the option to convert your term policy to a whole life policy and that you would be able to keep wherever you go . It might be advantageous to do a little `` shopping '' before you do that though . Check with an experienced Insurance Adviser/broker to see what the best option is for your situation .


Input: Is Group Term Life Insurance Portable?

Output: Some group term life insurance is portable and some is not . You would need to contact your HR department at your place of business to get this information about your policy . While you are there , also ask them if your group term life insurance policy is convertible to permanent insurance .


Input: Is Group Term Life Insurance Portable?

Output: That is a great question ! In most cases , the group policy -LRB- and the rest of your benefits -RRB- end when your employment does . There are some cases where the company insurer allows the portability of your policy , so it never hurts to check with your HR person , or plan administrator . Be aware that the premiums on your policy may increaseonce you are no longer under the company umbrella . Thanks for asking !


Input: How Much Should You Plan For Retirement?

Output: You should plan A LOT for retirement ! Why ? Because your retirement date may be a moving target , despite what you believe . There are many variables such as social security , safety of a defined pension , the performance of your investment portfolio etc. . . Current events can often change what appeared to be set in stone . You should meet regularly with your financial adviser , make appropriate changes when and if needed , and adapt and adjust to changing market conditions . You 'll be wiser and you 'll sleep better . Do n't chase impossible rates of return . Diversify and allow full-time professionals to help you .


Input: How Much Should You Plan For Retirement?

Output: Planning for retirement is one of the most financial items for most Americans to invest their time learning the ropes of retirement planning . There are items to consider : Your risk tolerance as it relates to product suitability and the length of time until you retire . Keep in mind that most Americans living today will exceed age 90 in current trend continue . How you live today will determine if your lifestyle tomorrow .


Input: How Much Should You Plan For Retirement?

Output: Retirement is a swamp for many . Most people spend more time preparing for an evening out with their spouse than they do for their own retirement . The evening lasts four hours and their retirement could last 30 to 50 years . If you havent started saving for retirement you need to start . Send me a note and I will give you some ideas about a saving rate .


Input: How Much Auto Insurance Should I Have?

Output: I always recommend the highest limits of liability that you can afford . If you have a good insurance score , and a clean driving record , the premium difference between 50/100 -LRB- 50k per person/100k per accident -RRB- and 100/300 will not be much relatively speaking . Also , it is a good idea to have a high limit of liability for property damage , such as $ 100,000 . The national average vehicle liability award in 2008 was $ 326,628 . That said , I always recommend at least 250/500 limits of liability . Additionally , I always recommend having an `` umbrella policy '' to increase your limits of liability . Ask your insurance agent for a quote on a $ 1,000,000 umbrella policy . Be sure to tell your agent of all properties or vehicles titled to you .


Input: What Does Health Insurance Open Enrollment Mean?

Output: Health insurance Open Enrollment is coming in October ! During this Open Enrollment , individuals and families do not have to answer medical questions . The vast majority of applications are guaranteed to be approved and a federal subsidy could reduce your rate . The Affordable Care Act continues to provide low cost healthcare for many persons . Are you one of them ? We 'll help you find out ! Experienced full-time brokers with reputable websites are your best resource .


Input: Who Has The Best Health Insurance?

Output: That 's a very subjective question ... . like asking `` what 's the best car '' ? It depends on your specific needs and budget . That 's why it 's best to work with a licensed agent , who can help you navigate to the best plan FOR YOU . Since the Affordable Care Act began , the plans have become standardized , so you only have to deal with dozens of plans instead of hundreds . But there are still variables like doctor networks and cost to consider . So bottom line , there is no single answer . But a licensed insurance professional will definitely make things a lot simpler for you and help you get the right plan


Input: How Much Can I Expect To Pay For Car Insurance?

Output: In California car insurance rates are approved by the state Insurance Commissioner . They take into consideration , the driving record of all the members of the household , the type of vehicle to be insured , the use of the vehicle , the annual mileage of the vehicle and where the vehicle is located . An inexperienced driver , with a lousy driving record , driving20 ,000 miles a yearin a new sportscar who lives in a densely populated area can expect to pay a great deal . Total Words : 82 ay a lot for auto insurance .


Input: Can I Contribute To An IRA If I Participate In A Retirement Plan At Work?

Output: Pretax contributions to an employers sponsored defined contribution plan like a 401 -LRB- k -RRB- is an excellent retirement funding option , especially if your employer matches any portion of your contribution , which may include the additional contribution for those over age 50 . But if you have more discretionary income you could contribute to a Roth IRA . If your spouse does n't have a retirement plan at work , an IRA or Roth IRA may also be available for contributions . The issue is the phase out rules on contribution deductions .


Input: Does Medicaid Count Annuities?

Output: This is a timely question , as a federal court just upheld on 9/10/13 the exemption of a `` Medicaid Annuity '' in North Dakota that was purchased to protect $ 400,000 of assets and speed up eligibility for Medicaid benefits . The state counted the annuity as an asset to be spent down , while federal law exempted it . The State of North Dakota is reviewing the decision and their response to it . Suffice it to say , a Medicaid Annuity must be set up precisely and correctly to survive the battle to get at those funds . You will want to involve an experienced life insurance agent and an experienced lawyer in this type of transaction .


Input: When Can I Enroll In Medicare Part A?

Output: You will automatically be enrolled in Medicare when you reach age 65 provided you have worked long enough and paid into the system . You will have the choice to opt out of part B of Medicare , but I do not recommend it unless you are still working and in a group . You will also get Medicare if you are on Social Security Disability . There is about a two year wait when you get disability before you are eligible .


Input: How To Qualify For Part D Medicare?

Output: You qualify for Medicare Part D Medicare the same way that you qualify for Medicare Part A or B . The most common way people qualify is by turning age 65 . Many people qualify by having received Social Security Disability for 24 months , and a small number of people qualify by having ESRD or ALS .


Input: What Do I Do With A Life Insurance Payout?

Output: I guess if you 're asking that question , the first thing you should do is put any payout in a savings account and let it sit until you 've investigated your options completely . You will earn some minor interest on the amount , but the amount will be safe while you sort out your options . Do n't rush and do n't spend money on things until you 've thought them through completely . I 've seen people blow through ten years of income in a year and really have nothing to show for it by the start of year two . If you 're in that situation , take your time , think and go slow .


Input: How To Cancel Direct Line Home Insurance?

Output: In order to cancel your homeowners insurance policy you simply need to contact your agent or insurance provider and notify them of your wish to terminate your policy . Most companies or agents will request that you provide your request to terminate the policy in writing . If you are trying to backdate a cancellation then the insurance provider or agent may also request a copy of the decleration page of the policy that replaced the policy you are cancelling .


Input: Does 21st Century Offer Homeowners Insurance?

Output: 21st Century Insurance Company -LRB- direct -RRB- is now a wholly owned subsidiary of Farmers Insurance ; a full service insurance company utilizing the Agency system . The system has proven to be expensive in the opinion of customers ; the agency system is set up for clients todeal with their carrier through the agents for all inquiries creating a sales opportunity every time a client needs assistance . 21st Century specializes in discount preferred Auto Insurance and they do a great job at it ! The company itself does not offer Homeowners Insurance ; their telephone representatives are trained to cross sell property insurance through their referral system . Since their Auto Insurance is very inexpensive and they have a great track record , most of their customer base have their property insurance placed independently .


Input: Does 21st Century Offer Homeowners Insurance?

Output: Our colleagues at HDA give you a great answer about 21st Century . However a couple weeks ago I wrote coverage for a customer -LRB- from 21st Century -RRB- with one of our agency 's top performing companies . . We were able to write the coverage for both auto and home with an ability to create over $ 700 in discounts on the homeowners for having the companion auto policy insured by the same carrier . Even on a jumbo home for our area $ 700 dollars is a lot of premium . Consider if you will that being a homeowner makes you a better credit risk and insurance risk , but offering only the auto or only the home is not as appealing to many carriers as the whole account . Some carriers in fact offer common deductibles for the same event -LRB- such that a hail storm would require one deductible not one on each car and one on house -RRB- So , seriously consider the coverage upsides and downsides along with price in your comparison shopping .


Input: What Is The Average Cost Of Medigap Insurance?

Output: The cost of a Medigap plan is different for many people so it 's very difficult to say what the average cost of a Medigap plan would be . The cost of a Medigap plan will be determined by several factors - your age , your gender , your zip code , any tobacco usage , and if you and a spouse are applying together -LRB- some carriers offer a household discount on their rates when spouses apply for coverage at the same time -RRB- . Please note , Medigap plan benefits are standardized , meaning a plan F from company A is the exact same plan F from company B - there are no differences in the policy benefits . The major factor you 're looking at when comparing plans is price . For example , if company A charges $ 120 per month for plan F and company B charges $ 130 per month , you would want to buy the plan from company A because it 's cheaper and features the exact same coverage as the plan F from company B. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much .


Input: What Is The Average Cost Of Medigap Insurance?

Output: The average cost of Medigap Insurance will depend on your age , what state you live in , your smoking status and which Medigap Insurance Plan you have . Medigap Plans can range between $ 75 per month to $ 500 per month depending on those factors . The average cost of Medigap Insurance will be different in different states . For example , Texas , South Carolina , North Carolina and Colorado are usually less expensive than South Florida . However , North Florida will generally be less expensive than South Florida . Work with an independent agent to shop the market for you and find you the best plan for the least amount of premium that matches your specific needs . For more information you can visit our website or give me a call . I would be happy to answer any questions for you .


Input: How Much Is A Life Insurance Payout?

Output: A life insurance payout is the amount of money paid out to the beneficiary upon the death of the insured person . The face amount of the policy -LRB- along with any increases , as may occur with Whole or Universal Life -RRB- determines the amount of the life insurance payout to the beneficiary .


Input: Does Anyone Know A Cheap Car Insurance?

Output: The cheapest insurance company for you depends on where you live , the type of car you drive and your driving record . You should call a local broker or visit a few insurance websites and get some quotes . An insurance company that is cheap in one part of the country can be really expensive in another part . For example , I 've heard that Progressive car insurance is inexpensive in many states , but I know in California it 's a lot . When you start shopping around , make sure you ask for all the discounts you might be entitles to . -LRB- low mileage , home/auto policy , occupational , good student , defensive driving course , etc. -RRB-


Input: Does Anyone Know A Cheap Car Insurance?

Output: When you say cheap do you mean low cost or a low ranking company ? Since the variables are to many to give you a blanket answer and no one size fits all as is the common belief I recommend you contact a local independent agent who and quote multiple companies to help you obtain the best rates and coverage 's .


Input: How To Buy The Best Life Insurance?

Output: How to buy the best anything ? Shop around ! Whether youre looking for term or permanent life insurance coverage for single or survivorship life , even cash value policies for tax advantaged incomeyou need to shop to secure the best policy that addresses your specific needs . And to that point : Your age , gender , smoking status and health condition dictates the price youll pay for life insurance coverage . Each company accesses the potential insured differently . Sometimes benevolent underwriting companies treat health conditions more favorably than others . Another consideration is the financial reason for purchasing life insurance : indemnification , income or inheritance planning strategies . There is just no one life insurance company that is the best in all three planning categories or health conditions . We carry the full inventory of the spreadsheet brokerage market that occupies the top rankings in each category . And we can show you that .


Input: How To Buy The Best Life Insurance?

Output: The best way to buy anything -LRB- including Insurance -RRB- is to know what you want before you start looking . You should sit down and discuss your insurance needs with a professional so that you can identify exactly what you need . A young man who is single in his 20 's has a different insurance need than a young man of 35 with a stay at home wife and 2 small children . What you dont want is to be sold a policy that doesnt address what your needs and wants are -LRB- do you want a lot of coverae for the least amount of money or do you want to build cash value in your policy -RRB- . Take the time upfront to identify your needs and then you can choose the best plan for your family based on amount , price and coverages .


Input: How To Buy The Best Life Insurance?

Output: To buy the best life insurance , it is important to use a reputable agent or agency who will guide you to the best company with the best product for your situation . Anyone who is not familiar with life insurance will find that it is nearly impossible to sort through the thousands of choices of products , prices , face amounts , and features of each policy without some outside advice . Besides that , most policies require using an agent to purchase the policy , anyway . So it helps to research and get quotes online . But for the best price and best policy for you as a unique person , talking to the agent who provides your quotes will really help .


Input: When To Use Your Home Insurance?

Output: You can make a claim against your homeowners policy any time that you experience a loss as a result of one of the covered perils . Your policy specifies the circumstances that are covered . Common perils are , fire , and lightning . You should remember that your policy has a deductible . Your policy might have some adjustments based upon being claims free . It is possible to file a small claim and realize very little after the deductible , only to discover that you lost your claims free discount which was much more .


Input: Is Selling Health Insurance Lucrative?

Output: Selling health insurance is lucrative but there is a price to pay . Personally , I have been a broker for more than 32 years . Helping thousands ofcustomersover the years has been very rewarding along with providing expert and unbiased advice . However , the hours are long -LRB- that 's my choice -RRB- and the work never gets done . Laws and plan benefits change so you must adapt .


Input: What Is Covered Under Long Term Disability Insurance?

Output: Long term disability insurance is an income replacement in case of a debilitating illness or injury causing you to no longer be able to carry out your duties in your current occupation . A long term disability plan will pay up to 70 % of your current income during the disability period . You may use the money as you see fit . The `` long term '' phrase has to deal with the length of time you will receive benefits . Usually a time period greater than 2 years or until the age of 67 years old depending on the plan you choose .


Input: Can You Pay Off Car Insurance Early?

Output: Almost all carriers allow you to pay your auto insurance premiums on a monthly , quarterly , semi-annual , or annual basis . If you pay a full semi-annual term or an annual term in full many carriers will provide you with an extra discount for paying in full . Please contact your local agent to find out what payment options that your carrier has available .


Input: How To Maximize Retirement Savings?

Output: The answer is obvious , increase contributions . Much is made about return but the stark truth is that if you dont transfer capital into your retirement plan you will be grasping at the thin reed of return and that will rarely be sufficient . Today , adopt what you suspect will be your retirement life style and save everything else in a retirement plan of some sort , somewhere . There are people who will help you with the how but it starts with the resolve to just do it .


Input: How To Maximize Retirement Savings?

Output: One way to maximize retirement savings is to take advantage of all tax deferred savings plans you are eligible for . Be sure and take advantage of any employer sponsored plans where the company is putting in on your behalf . Putting aside a fixed percentage of your earning on a regular basis allows the power of compound interest to work for you . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Is Geico Home Insurance Any Good?

Output: I could be wrong but I believe Gecio sells home insurance of other companies through their in house agency . I am sure they sell reputable companies , however insurance is about so much more than the price you pay , what are you getting in return ? An independent insurance agent can some multiple companies for you and advise you on coverage that you need , specfically for you . I would recommend contacting in independent agent near you and ask for their advice .


Input: Where Can I Get Homeowners Insurance?

Output: Your best resource is your friends and family they can recommend a local agent also you can contact your states insurance commissioners office and they can tell you what carrier is allowed to sell insurance in your state and also give you the average rate for the coverage you need . Also go and review the carrier and agency online and see what people are saying about the service and claims


Input: Where Can I Get Homeowners Insurance?

Output: Call a local agent . If you do n't know a local agent talk to your friends and family ; ask for there recommendations . A local agent is your liaison with the insurance carrier . I would fair a guess that 90 % plus of the local agents in your area handle homeowners insurance or if not will be able to provide you with information on someone that does .


Input: Where Can I Get Homeowners Insurance?

Output: Your state insurance commissioner has admitted a number of companies to offer homeowners insurance to customers in your state . He has deemed them able to meet their promises . The companies are represented by agents in your area . These agents can help you select appropriate coverage and prepare a policy that will satisfy you and your mortgage company .


Input: How Much Does Health Insurance For A Family Of 4 Cost?

Output: Health Insurance premiums are based on : age , Gender , smoking or not , where you live and the type of plan you choose ... so projecting the cost for a family of four has too many variables without details . Going on - line to any healthcare provider and requesting some quotes will start to give you an idea


Input: If i have an accident and receive money from Insurance company and then get money from company that originally caused damage do i just repay the insurance company?

Output: This is called subrogation . If your insurance company paid your loss that was caused by the other party , -LRB- you were not at fault -RRB- and then your insurance company get the money back from the other parties insurance company you do not pay the money back . Your insurance company is simply being reimbursed for the claim they had to pay out when the other party was at fault . What should happen is if you had to pay your deductible then your insurance company should of also collected your deductible as well and should be reimbursing you for the deductible .


Input: What Does Obamacare Mean For Small Businesses?

Output: Obamacare and small businesses . Probably not a good combination ! With the cost of healthcare rising , and substantially for many consumers , Obamacare -LRB- The Affordable Care Act -RRB- was supposed to deliver lower prices . It has n't . In fact , health insurance rates in many states are expected to increase 25 % -60 % . And perhaps more in states like Ohio . Small businesses can use all of the help they can get . It 's unclear whether Obamacare can deliver .


Input: Will Insurance Cover If My Car Is Broken Into?

Output: If your insurance policy has comprehensive coverage , the damage to your vehicle due to a break in of the vehicle is covered in excess of the carrier deductible . If items are stolen from your vehicle that are not a part of the vehicle , there is no coverage , however , there are some carriers that have an endorsement that can be added to cover `` personal effects '' .


Input: Will Insurance Cover If My Car Is Broken Into?

Output: Great question ! The damage should be covered , but if it costs less to fix it than your deductible is , you may be better off not filing a claim . For example , let 's say the damage to repair your window is $ 200 . Your deductible is $ 500 . Your insurance is only going to pay anything over the $ 500 mark , so you will end up paying for the window regardless . It may not make sense to file a claim , pay for the window yourself , and then watch your rate go up . If you have renters insurance , and the car was in your apartment parking lot , there may be coverage there , depending upon the terms of your renters insurance . If you did not file a police report , I 'd recommend that you do , it will help you if you ever need documentation of damage and help collect on your claim . If you need help , feel free to contact me . Thanks for asking !


Input: Will Insurance Cover If My Car Is Broken Into?

Output: Yes , there is coverage under the comprehensive portion of your auto policy . In order to receive payment the amount lost must exceed the deductible and it must be the result of damage to the car . After market items such as radar detectors are not always covered depending on how they are installed . Personal property located in the car is covered by your homeowners policy , again subject to the deductible . Professional equipment or business property is normally not covered . If you are a part time photographer and advertise on the internet dont turn in a claim for a room full of camera equipment stolen from your Honda Fit .


Input: Does Life Insurance Cover Death From Cancer?

Output: Once the policy insured has undergone the underwriting process without any misrepresentation of material facts , including medical information and the underwriting offer is accepted and put in force with the associated premium payment , the policy will pay the death claims proceeds on any death , including cancer . This assumes the policy is full coverage and not AD&D and no cancer exclusions are embedded in the policy .


Input: Does Life Insurance Cover Death From Cancer?

Output: Life insurance covers death from any reason , including cancer . There is an exclusion for death due to suicide during the first two years of the policy . Unless the policy spells out other exclusions specifically -LRB- and that is rarely done except for possibly flying as a pilot -RRB- , it will pay upon the death of the Insurance person if death occurs by any type of illness or accident .


Input: Does Life Insurance Cover Death From Cancer?

Output: Life insurance covers death from cancer . The death proceeds are paid to the beneficiary following a submitted claim to the agent or insurer . Typically , it takes about 14 days for the proceeds to be paid directly to the beneficiary . It can be paid lumps um or a deposit into a pre-approved account . It is -LRB- of course -RRB- assumed there are no exclusions or fraud involved . A full-time life insurance broker is the best resource for providing information for these types of questions . We can be utilized at any time .


Input: What Is Form 712 Life Insurance?

Output: Life insurance form 712 is required by the IRS when the estate tax return or gift is filed . The form provides the life insurance values as of the date of the policy owner and/or insured . It generally is accompanied by Form 706 from the executor of the estate .


Input: How Much Does Health Insurance Coverage Usually Cost?

Output: There is no way to answer this question . It depends on the area you live in , your age , your health , the company you select , and other factors . Check with a good independent agent who has multiple companies . A good agent can help you find the right coverage for your circumstances .


Input: What Is The Cheapest Auto Insurance For Young Drivers?

Output: The cheapest car insurance for young drivers can save teenagers hundreds -LRB- or thousands -RRB- of dollars in premiums . As an experienced broker for more than 33 years , working with young drivers is one of our specialties . The least expensive companies will vary , depending on where you live , your driving record , and the type of vehicle you own . However , online quotes are free and will give you the best rates within moments .


Input: When To Buy Long Term Disability Insurance?

Output: Most advisers recommend the day you start working full time . Most American workers have 90 days in cash reserves to pay household expenditures . The average long term disability is around 30 months and the odds of a disability event during your working years is significant . And while Social security disability is available , its benefits may not be enough , so purchasing individual disability insurance is necessary and part of your defensive financial plan .


Input: When To Buy Long Term Disability Insurance?

Output: When to buy long term disability insurance ? When you look at your ability to maintain the lifestyle you want if you no longer can draw a paycheck and are disabled . If you could n't work right now , how long before everything goes ? The answer you provide really gives you the when part of buying insurance .


Input: When To Buy Long Term Disability Insurance?

Output: The best time to buy long term disability is when you are young and healthy . Rates are based partially upon age at time of application , so buying young helps save money over time . Every policy application will require a detailed medical history . Many people wait for their health to deteriorate before getting motivated , and the carrier declines the policy application . Buy when you are still healthy enough to qualify for coverage .


Input: Is Insurance Included When You Lease A Car?

Output: An auto lease will require you to provide continuous coverage . The lease will require that you name them as an additional insured . They will require evidence of the insurance . The leasing company will be particularly interested in the physical damage coverage that you carry . They want to make sure that their interests are properly covered .


Input: Is Insurance Included When You Lease A Car?

Output: Insurance is not included when you lease a vehicle . However , you will be required to cover the physical damage of the vehicle along with your liability coverage -LRB- typically , at least $ 100,000 per person -RRB- . Getting the best car insurance rates for leased cars is easier when you use an experienced broker . That 's our job and typically the customer will save money , time and frustration . Of course you want the best available coverage , but it 's also important to shop the right way and get the best deals .


Input: Can I Borrow From My Life Insurance?

Output: Assuming you have a permanent cash value policy , you may borrow money if its available . There may be policy surrender charges that reduce the amount you can borrow . Cash value accumulation is also based on the performance of the crediting method of the policy : dividends , interest rates , indices or separate subaccounts -LRB- which can include debiting , i.e. account losses . -RRB- Keep in mind that borrowing from your policy may have loan charges : zero net cost loans , wash loans , spread loans , direct recognition loans and participating loans .


Input: Can I Borrow From My Life Insurance?

Output: Talk to your Insurance Professional about your particular policy , but if you have a form of permanent Life Insurance that is developing cash accumulation , then more than likely you would be able to borrow some of the available cash . In most cases , a nominal interest rate will be applied to the outstanding loan balance until it is paid back . However , there is no particular requirement to pay back the loan . Understand however that if the loan and accumulating interest is still outstanding at the time of your death , that amount will be deducted from the payable death benefit and your beneficiary will receive a reduced amount accordingly .


Input: What Is The Average Cost Of Home Insurance In Idaho?

Output: There are many factors when it comes to rating a homea home . From the type of home -LRB- Stick Frame to Log home -RRB- Also how far away you are from a fire department . Your credit plays a factor also . The age of the home and if you have had any prior losses . Also each carrier uses a different rating factor so the rates can be VERY different . Also you need to know if the policy is a replacement cost policy or actual cash value policy this also makes a difference . In Montana I have insured Log home worth $ 500,000 for as little as $ 1000 a year with full replacement cost and low deductibles But I also have insured a Stick frame home which was worth $ 200,000 for the same price with a different carrier . I have also seen homes work much more for even less for insurance . the best thing you can do is shop around it can be time consuming but you need to make sure that you are properly covered it is not always about the rate . almost 57 % of the home in the United States are under Insured in the event of a total loss you could be left with a hole in the ground and the bank paid off but no money to rebuild . It is very important to make sure that you understand your coverage and that you TRUST your agent .


Input: How Does Flexible Premium Life Insurance Work?

Output: This is what 's known as Universal Life insurance . These are permanent coverage programs that build cash value , much like Whole Life insurance does . The advantage of these programs is that you can pay more or pay less each month to keep the coverage going . However , when you do this , you can affect the guarantees -LRB- and even the non-guaranteed aspects -RRB- under the programs . There are two important factors to keep in mind when structuring a universal life policy , the guaranteed and non-guaranteed side . In short , the guaranteed side tells you how long your coverage is guaranteed for while the non-guaranteed side tells you how long it can continue on for , based on current assumptions -LRB- these figures can change and , therefore , the non-guaranteed length of coverage can change -RRB- . There 's also what 's called a Guaranteed Universal Life insurance policy -LRB- GUL -RRB- . These programs can create a level premium and death benefit guaranteed to a specific age -LRB- all the way up to age 121 with most carriers to guarantee the death benefit for life -RRB- . What this does is allows you to keep the premiums to its lowest levels and maximize the death benefit rather than placing the focus on the build-up of cash value , which is a common reason why many people buy whole life insurance . There are other moving parts in a universal life insurance policy , but this provides a brief overview .


Input: Will Medicare Pay For A Blood Pressure Machine?

Output: Medicare does not normally pay for a blood pressure machine . Two exceptions are if you are suspected to have `` white coat syndrome '' where your blood pressure goes up when taken by a health care professional . Then Medicare may pay for an ambulatory blood pressure monitoring device that takes your blood pressure periodically over a 24 hour period . Or if you are on dialysis in your home , Medicare will pay for your blood pressure monitor and stethoscope .


Input: What Do You Need To Plan For Retirement?

Output: Planning for retirement includes income to sustain your lifestyle , medicare health management and long term care assisted living or nursing home confinement . With people living longer , more income will be necessary , especially if government programs are scaled back due to future sustainability . Modifying your present lifestyle for an enjoyable retirement is now a necessity .


Input: What Is A Life Insurance Policy Dividend?

Output: A participating whole life insurance policy has the potential to generate an annual dividend . It can also have the potential to generate a terminal dividend at the surrender of the policy . Dividends are not guaranteed . A dividend is the return of unused premium to the policy owner . Because dividends are considered return of unused premiums , they are not taxed up to basis . Dividends can be taken in cash and used in a verity of internal policy rider applications : term insurance paid up additional insurance , to reduce premiums , to pay premiums , etc. .


Input: What Occupations Affect Car Insurance?

Output: Typically , there are very few occupations that impact car insurance rates . However , if you use your vehicle in business , it could make a difference . For instance , if you were a delivery person in a war-ravaged area , of course , an insurer would be reluctant to offer coverage . Hopefully , we will never have those types of areas here in the US .


Input: How Long Can I Stay In The Hospital On Medicare?

Output: For the first 60 days of inpatient hospital care , you pay $ 1,184 and Medicare pays the rest . You pay $ 296 per day for days 61 through 90 . After that , you pay $ 592 per day until your total of 60 lifetime benefit days are used up . Then your benefits for hospital stays run out .


Input: Who Writes Progressive Home Insurance?

Output: Progressive Insurance Company is a company that has used `` advertsing '' very effectively to build their client base . They first offered just auto and then motorcycle and then homeowners and they just keep using that effective little lady with her funny little `` need that insurance ads '' and if yo call a Progressive Insurance agent in your neighborhoodsome good things may happen


Input: Is Taking A Risk Tolerance Test A Good Idea?

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 the income from a life insurance policy includable for the Social Security provisional income test ? Well as you know , there are many forms of income , and all those incomes have to be generated or actually transferred over to the provisional income test to see whether or not Social Security benefits are going to be taxed by it . And of course , there are many forms of income , and most all of those forms of income somehow , some way make it to the provisional income test to test whether your Social Security is going to get taxed . But withdrawals to basis and policy loans of gain on a TAMRA-compliant , non-modified endowment contract kept in force for the life of the policy insured , that never actually is put on your 1040 . So the income is n't placed on your 1040 ; it 's not a taxable event . And the best part about that is it does n't enter into your provisional income test , so that your Social Security benefits stay tax-free . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com .


Input: Can Anyone Take A Life Insurance Policy Out On You?

Output: Life insurance relationships between the policy insured and its beneficiaries must establish insurable interest between parties . It must also justify the amount of coverage . And to the question at hand , no one can take a life insurance out on you without your signature as the policy insured on the life insurance application .


Input: Can Anyone Take A Life Insurance Policy Out On You?

Output: The key is that the applicant must have an insurable interest in the insured . If there is a business relationship , or if you are a donor to an organization that depends upon your generosity , or if you owe money to a lender are just a few of the insurable interests that lie outside the normal family relationships . You can not buy life insurance on a person just to gamble on a premature death . You must have an insurable interest .


Input: Is Life Insurance Worth Having?

Output: Life insurance is the foundation of any sound financial plan . It is the one vehicle that guarantees that what you want to happen - will happen - even if you are not here . It can be used in countless situations including family protection , college funding , tax-free retirement planning , business needs , etc. . The ROI is incredible in most situations depending on your health and age . I had a client yesterday purchase a $ 500,000 policy for only $ 15 per month . Is it worth it ? Yes !


Input: Is Life Insurance Worth Having?

Output: Anytime you are planning for your financial future insruance fits into the picture . Not only is it the cornerstone for protecting family , loved ones and business partners from losses in the event of your death but it is one of the few vehicles available today that provides cash at the time of death . This money can be used for a variety of items and helps to defer selling assets to cover expenses . Some insurance on your life beats having no insurance . A good agent is able to help you determine how much you should have on yourself by performing a financial needs analysis .


Input: Is Life Insurance Worth Having?

Output: Life insurance is worth having if you have family beneficiaries or business partners who need to be indemnified in the event of your demise , i.e. they would suffer economic loss . So its definitely worth having for their sakes . Additionally , a fully suppressed TAMRA compliant death benefit designed for a non-modified endowment life insurance policy can deliver tax advantaged income as a supplemental retirement plan . That may be worth having for yourself .


Input: When Is It Too Late To Get Life Insurance?

Output: As a practical matter , it is too late to obtain individual life insurance when you are uninsurable or age 85 , whichever comes first . There are a couple of insurers with rates between ages 86 and 90 but the premiums are not economical . There are ways to find life insurance protection for final expense purposes without proving one is insurable but the death benefit is reduced in the first two years and the premiums are quite high . So , we have solutions such that it is never really too late but it will come down to a combination of insurability , outlay , benefit terms and age .


Input: When Is It Too Late To Get Life Insurance?

Output: When you are dead . At that time , it would be impossible to answer medical questions or take any type of physical . Also , filling out an application would be impossible . Seriously , the prior two answers were 100 % accurate . Also , each carrier has a different portfolio of plans . An experienced broker will be familiar with your situation and find a company that will have the best plans at the most reasonable rate .


Input: When Is It Too Late To Get Life Insurance?

Output: There are some medically underwritten policies that offer life insurance up to age 90 but the insured person must have good health to qualify for such a policy , and rates are very high . The older the applicant , the more underwriting requirements are added -LRB- e.g. possible EKG or physician exam -RRB- for a medically underwritten policy of a large face amount . Many seniors decide to purchase smaller final expense type policies that do not require an exam .


Input: What Is Mortgage Insurance Vs Homeowners Insurance?

Output: Mortgage insurance , also known as private mortgage insurance , or PMI , is insurance that the bank requires and you pay for . This coverage pays off the bank 's loss if they 're required to foreclose . Homeowners insurance protects the home itself , as well as offers you liability coverage . There is no overlapping coverage between the two . The less you put down , the more likely you are to need PMI , but EVERYONE needs homeowners insurance .


Input: Does Geico Have Good Homeowners Insurance?

Output: Geico has very good homeowner 's insurance . There rates are usually very competitive in most areas of the US . When you purchase their auto insurance , you will receive a multi-policy discount , that will lower the premium on both auto and home policies . Their policies cover the dwelling , personal property , liability and all of the mandated coverages every other carrier offers . You can also purchase other lines of policies as well . Geico handles claims very efficiently , and their quotes can be provided by experienced brokers or their websites .


Input: How Much Is A Normal Life Insurance Policy?

Output: There are five non rated health classifications , 16 rated categories and two major types of life insurance . There is standardization if the life insurance industry . You gender , age , smoking status , health history , current medical condition all contribute to the price of life insurance including motor vehicle violations , dangerous recreational activities and hazardous vocations . And are you buying term or permanent life insurance policy ? The only thing normal about life insurance is that its not very normal .


Input: Does Homeowners Insurance Cover Broken Glass?

Output: The answer depends on what happened to the glass . Was it broken by wind/fire/hail ? If so , it would be covered under a standard HO policy assuming the home was occupied . If it was intentionally broken by the homeowner it would not be covered because insurance policies exclude intentional acts . Keep in mind that you would be subject to your policy deductible . It may not make sense to put a claim in for something small like a broken window or screen door because you could experience increased insurance costs for making a claim . I would speak with your independent insurance agent and discuss the best way to proceed given your situation . Typically , I like to reserve using your home insurance for a catastrophic event like a hurricane , major fire or damaging storm . Hope this answer helps .


Input: Does Homeowners Insurance Cover Broken Glass?

Output: Unless the home is vacant , the homeowners policy covers glass damaged by the named perils . On most policies that means the company will cover almost any damage . The claim will be adjusted with the company paying an amount above the deductible for the policy . If the damage is incidental contact your insurance agent before you file a claim .


Input: Which Is Best Medigap Or Medicare Advantage?

Output: The answer to that question depends a lot on the needs of the individual . I will explain some of the pros and cons of both . Medigap Plans -LRB- also known as Medicare Supplement -RRB- - - Monthly premium -LRB- amount will vary based on the type of plan -RRB- - Little to no out of pocket costs . - No network - You can go to any doctor or hospital you want . If they take Medicare they will take the supplement - Benefits ca n't change from year to year - Guaranteed renewable - as long as you make the premium payment you can keep the plan the rest of your life Medicare Advantage - - $ 0 or very low monthly premium - However , the max out of pocket expenses can be $ 6,700 per year - There is a network - The benefits and network can change from year to year


Input: Can A Landlord Require Renters Insurance In Ohio?

Output: Yes , a landlord can require a tenant to purchase renters insurance . Landlords are responsible for insurance that covers the dwelling , but renters are responsible for their belongings.Renters can also be held liable for any injuries that happen in the dwelling , which would be covered by the renters insurance . Since renters insurance is so inexpensive , it 's always a good idea to have renters insurance , rather than risk losing everything .


Input: Can I Get Health Insurance With Crohn Disease?

Output: Yes , but it is a matter of timing . You are asking this question at the end of July , 2014 . If you are looking for individual health insurance and you somehow missed the first ObamaCare open enrollment period that ended on March 31st , 2014 then you are probably out of luck until the next open enrollment period beginning on November 15th for an effective date of coverage of January 1 , 2015 at the earliest . As an individual you no longer have the freedom of being able to purchase individual health insurance whenever you feel like it . That is one of the tradeoffs involved with ObamaCare doing away with medical underwriting , adjusting rates for risk , applying pre-existing condition limitations or exclusions , or denying coverage . There are some exceptions to my statement above . These are called `` Change of Life Status Events '' with marriage , divorce , having a child , and losing your group health insurance coverage being common examples . If you are getting a new job and will be becoming eligible for coverage under your new employer 's group health insurance plan then you will become eligible for health insurance coverage at the end of your employer 's probationary/waiting period . That time period can vary from employer to employer and you should be or have been advised by the HR department or business owner as to what that time period is . Under the terms of the health care reform law your waiting period should be no longer than 90 calendar days from your date of hire .


Input: Can I Get Health Insurance With Crohn Disease?

Output: Yes you can . Under the affordable care act , you can no longer be declined for health insurance for any pre-existing conditions or other medical-related issue . Please note , you can only enroll in a plan during the annual enrollment period and/or you have a qualifying event for a special enrollment period . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: Does My Renters Insurance Cover Flood Damage?

Output: The short answer is no . Flood is a common exclusion in property coverage of all kinds , whether renters , condo unit owners of Homeowners . It is also excluded from commercial property forms . The only way to have coverage from flooding is to purchase a Flood Insurance Policy . This is a federal program managed by FEMA . The amoount you may pay for such coverage is based upon the location of your property as to what particular flood zone it may be situated .


Input: Does My Renters Insurance Cover Flood Damage?

Output: Flood damage is excluded on just about every home , condo and renters policy . In order to have coverage for flood damage you need flood insurance which is a separate policy . The cost for flood insurance depends on your area and flood zone . FEMA regulates flood insurance so rates are the same with all companies who service flood insurance .


Input: Is My Engagement Ring Covered By Home Insurance?

Output: Your policy may provide some limited coverage for your ring under it 's standard terms and conditions . However , keep in mind that the loss would be subject to your property deductible AND the coverage may be limited to specific causes of loss . Talk to your insurance professional about either a jewelry rider or stand-alone policy for your valuables . The coverage is usually much broader in that it includes loss due to , well , loss . A Homeowners policy does not provide coverage for items that are just lost . However this `` mysterious disappearance '' is usually covered under a rider or separate valuable items policy . In addition , there is usually no deductible applied .


Input: Is My Engagement Ring Covered By Home Insurance?

Output: It depends on what happens to your engagement ring . Homeowners insurance provides a limited amount of coverage for jewelry and the coverage is for `` named perils '' only . Examples of `` named perils '' are Fire , Theft , Lightning , Water damage ect . A better way to protect jewelry items is to schedule the items on a jewelry policy or also known as an Inland Marine policy . With a jewelry policy your items are covered for a special value and the coverage is `` all risk '' meaning anything that happens to the item is covered . Even if you lose the item or the prong come loose and the diamond falls out .


Input: Is Michigan A No Fault State For Auto Insurance?

Output: Yes , Michigan is a no fault state . As with every no fault state , medical coverage is required . However Michigan goes beyond that , as they are the only state that requires guaranteed unlimited lifetime medical benefits coverage . The auto insurance companies are require to insure the first 500 thousand of an injury claim , a state mandate catastrophe fund -LRB- known as MCCA -RRB- pays beyond that . MCCA fees cost $ 186 per year per vehicle -LRB- and that number seems to go up every year -RRB- . As a result of these factors , Michigan has the highest auto insurance rates in the nation .


Input: What Is EE Life Insurance?

Output: EE life insurance probably stands for `` Eligible Employee '' life insurance . It would be the group life insurance offered to those working at a business who are qualified to receive it , based on the number of hours they work or some other factor set up by their employer for eligibility .


Input: Why Does Auto Insurance Keep Going Up?

Output: Indeed it does , althoughoccasionally , you may see a decrease in your rates . The price you pay for your coverage is based on may factors , including the average value of other vehicles on the road , the number of uninsured and underinsured drivers , the cost of healthcare and theamountand number ofjudgementthat are awarded to other drivers . One way to help keep your rates down and maintain them at somewhat affordable levels is simply to shop for new quotes every 2-4 years . Keep in mind that online quotes are free and you will easily be able to compare prices of many carriers in a short period of time . You do not have to change insurers , but sometimes , you see a substantial savings that is enough to warrant making a change .


Input: Why Does Auto Insurance Keep Going Up?

Output: While you will see the occasional auto insurance rate decrease , rates generally go up for the same reasons so many things do . When parts and labor costs go up , auto insurance companies pass those increases along to the consumer . In addition , insurance companies costs go up due to increased frequency of claims either in terms of accidents or a run of bad weather , increased medical costs and increased judgments brought against negligent drivers . From 2003 to 2009 the national average vehicle liability award has increased from $ 223,000 to $ 388,000 . In the Midwest , 7 % of those awards exceeded $ 1,000,000 . A word of caution : shopping is an excellent idea . But if you are a do-it-yourself sort of person and do not turn to a professional for advice , be sure to not short-change yourself on coverage to save money . Better to have the insurance company pay those awards previously mentioned than to have to give up a portion of your income toward wage garnishment to pay them .


Input: Does Medicare Cover Qsymia?

Output: No , Qsymia is not covered by Medicare , Medicaid or Medicare Prescription Drug Plan Part D . You may be eligible for Qysmia 's Get Started ! or Save Now ! programs they offer in conjunction with several pharmacies . For more information about these weight loss medication payment programs , visit Qsymia 's website at WEBSITELINK .


Input: Does Taking Antidepressants Affect Life Insurance Premiums?

Output: It depends on many factors . Has there been a diagnosis of depression ? If not , and the reason for the prescription is relatively minor , the affect on life insurance premiums may be minimal . Depression can involve a short-term episode related to a stressful event , such as the loss of a loved one , business setback , or loss of a job , to a prolonged illness requiring years of therapy and medication . It would be important to know when first diagnosed as being depressed , if hospitalization was involved and how long treatment continued . Some situations may be insurable and others may result in a decline .


Input: Does Taking Antidepressants Affect Life Insurance Premiums?

Output: Taking one antidepressant for mild depression , with no hospitalizations or disability for depression , and no suicidal thoughts noted in one 's medical records , rarely has an effect on life insurance ratings any more . If all other health factors are Preferred , taking one antidepressant will not normally change that . If more than 2 medications are needed to control depression or there has been a recent hospitalization for depression , suicide attempt , or need to go on Disability due to depression , it is possible that you might get a high rating or even decline on a medically underwritten policy . In this situation , there is usually a No Exam policy that can cover you .


Input: Does Taking Antidepressants Affect Life Insurance Premiums?

Output: It does not have to . It all depends on how the broker sets the context for the use of the medication . Let me give you an example . A number of years ago , a woman called me asking the exact same question . Would she be eligible for life insurance coverage now since she does take antidepressants ? This is where the broker has to delve into the personal history of the potential applicant . You have to be thorough , but you also have to tread delicately because you will be addressing sensitive personal issues . We talked a bit about her current medication program : what were the drugs , what were the dosages , when was the diagnosis , etc. . I learned about her prior history of basically self-medicating with drugs and alcohol . Very important to know , and very important to put in the proper context . In talking further , I found out about some particularly troublesome childhood experiences . She actually was a survivor of childhood abuse . This info was integral to the overall picture that was developing . Through connecting the dots , a clear and also positive life story emerged . Here was a person who had suffered severe trauma . Quite naturally , she became depressed in surviving it . Before she was able to seek professional help , she tried to treat the symptoms herself with drugs and alcohol . Not the right way to do it , but at least she was cognitive of trouble brewing internally . Eventually she fought her way through her addictions and got herself into the hands of psychiatric professionals . They gave her the therapy and medication she needed to keep her demons at bay . She became stable , compliant with treatment , and drug and alcohol free . And eligible for life insurance at a very reasonable rate . All because the current use of antidepressants was put in the context of her life history .