Input: Why Do Wealthy People Buy Life Insurance?

Output: Anyone can buy Life Insurance . The wealthy are shrewd with financial dealings . As an advisor many offers are dealing with estate preservation . They are good with investment products due to their high financial assets . They buy at a higher premium amount to accumulate more wealth as what the advantage of Life Insurance permits . At a higher payment for the policy . They can use the lump sum to keep taxes from cutting into the estate . They can cash in higher on cash values of the policy for the accumulation is higher due to the high investments . Finally , along with the lump sum millions they receive . People also can use this advantage at lower incomes if you like and would spend hundreds of dollars a month for a multi million dollar policy . It is always best to get the preferred rate at a younger age for lower premiums . My specialty .


Input: Why Do Wealthy People Buy Life Insurance?

Output: Good question ! And there are lots of god reasons why wealthy people buy life insurance . And not just any life insurance , but typically WHole Life insurance . As mentioned above here wealthy people are usually concerned with estate preservation and estates worth over $ 5.6 million incur huge taxation at the death of the owner of the estate . So one reason is to pay the death tax on the estate . Also as mentioned above whole life insurance grows cash value tax-free or at least tax-deferred . And the growth is guaranteed , and with Mutual insurance companies dividends are also paid . And buying whole life insurance is like buying money at a discount with the possibility of considerable wealth growth . And of course the death benefit is paid to the beneficiary tax-free !


Input: Why Do Wealthy People Buy Life Insurance?

Output: Most wealthy people are wealthy because they are smart when it comes to understanding how money works . Part of this understanding is how taxes work . In the vast majority of the wealthy portfolios you will like find life insurance . This has more to do with sheltering their money from taxation . Just last year in CA a billionaire wrote a policy so large it took 21 life insurance companies to underwrite it . The policy now stands in the Guinness Book of World records at a face amount of $ 201 billion . I assure you this person did not spend this much money on premiums , can you imagine the price , just to be in the book of world records . It was totally about the tax advantages .


Input: Does Bryn Mawr Hospital Accept Medicare?

Output: All hospitals that accept federal funding are required by law to accept and treat Medicare patients . Doctors who have admitting privileges to hospitals that accept federal funds are also required to accept Medicare . If Bryn Mawr hospital receives federal funds for any reason , they are obligated to treat Medicare patients .


Input: Why Would I Need Disability Insurance?

Output: The only reason anyone would need disability insurance is the need to protect your most valuable asset , your ability to earn a living . If you are debt free and independently wealthy , there is no need for disability insurance . However , if you work for a living and need that stream of income you absolutely need disability insurance to protect yourself in the event of an injury or illness that disables you . You are 8 times more likely to become disabled than to die . Disability pays up to 70 % of your income in order to keep paying monthly bills for your self and your loved ones .


Input: Why Would I Need Disability Insurance?

Output: You would need Disability Insurance if the loss of your income had a devastating effect on you , your family , or your business . Disability is far more likely to occur than death , and along with someone becoming disabled , there are unexpected bills , turmoil and stress . Disability Insurance will not completely alleviate these problems , but it can certainly help you and others who depend on your income to get through this difficult situation without more scars than needed .


Input: Why Would I Need Disability Insurance?

Output: Disability insurance is a way to protect your income if you were to become sick or disabled . If you were unable to work and earn an income because of a sickness or injury , a disability insurance policy would pay you a portion of your income so you could continue to live the lifestyle you are accustomed to . Think of how much your ability to earn an income is actually worth . If you make $ 40,000 per year and are planning to work for another 25 years , If you multiply your income by the number of years you will work then your ability to earn an income is worth $ 1,000,000 -LRB- $ 40,000 X 25 years -RRB- . The actual figure will be much higher because you will most likely get raises .


Input: What Percent Of Income Should Go To Life Insurance?

Output: There is not a set percentage that advisors agree should be spent on life insurance . If life insurance is a permanent policy , it will cost more , but will be a form of savings in addition to life insurance protection . Rather , most people look at what their needs are , and purchase the amount of life insurance that will be sufficient to at least partially meet those needs in the lives of their survivors .


Input: What Does Guaranteed Issue Mean In Life Insurance?

Output: Guaranteed Issue Life Insurance means that you can not be denied for health reasons . Most guaranteed issue life insurance policies require that applicants be at least age 40-50 years old , and the face amount that you can get is usually $ 25,000 or less . Since even terminally ill people can get guaranteed issue life insurance , the policy is graded -LRB- pays less than the face amount -RRB- during the first years for natural death .


Input: What Does Guaranteed Issue Mean In Life Insurance?

Output: To add to the above responses , guaranteed issue policies are , in essence , a `` last resort '' type of measure for buying life insurance as they generally feature some of the highest rates in the market . The medical histories for individuals who purchase these have conditions that make them uninsurable for traditionally underwritten programs , such as cancer -LRB- when current in the body and treatment not yet completed -RRB- . Also , these programs are limited to small amounts of life insurance - generally a maximum death benefit of $ 25,000 under a single policy with most companies . The structure of a `` graded '' death benefit mentioned above is generally a return of premiums paid into the program if death occurs in the first 2 years , unless death is accidental -LRB- in which the full benefit would be payable -RRB- - the full benefit is payable beginning in year 3 of the policy .


Input: What Does Guaranteed Issue Mean In Life Insurance?

Output: Guaranteed issue in life insurance means that you will not be turned down for any reason , regardless of your health condition . Most life insurance policies go through underwriting , which is where the insurance company decides the degree of risk involved with insuring you ... i.e. , are you healthy and expected to live a long life or do you have health concerns that could potentially shorten your life expectancy . With a guaranteed issue policy , typically there is what they call a `` grade in '' period in that the policy will not pay the full face amount for a period of time , typically 2 years but sometimes 3 years .


Input: What Does Guaranteed Issue Mean In Life Insurance?

Output: There is one other variety of guaranteed issue life insurance not already mentioned already . Many employer based group policies provide guaranteed issue coverage . In cases where the employer is paying the premium for all employees , the insurance carrier can pool risks with a large number of lives . All employees are accepted regardless of existing health condition . In other cases the employees pay the premium . The carrier may provide guaranteed issue to all employees choosing the option provided a minimum participation level is met . New employees can purchase guaranteed issue coverage only during the initial open enrollment .


Input: Can You Cash In Term Life Insurance?

Output: You can not cash in Term life insurance because there is no cash value to cash in . Generally , the only type of Term life insurance that has cash value is Return of Premium -LRB- ROP -RRB- Term . If you purchased that type of policy , you may have some cash value coming if you kept the policy at least as long as half of the term length .


Input: Can You Cash In Term Life Insurance?

Output: Generally there is no cash value in term life insurance . If you cash in your term life insurance policy , your coverage ends . There may be return of premiums at the end of the contract if that rider was selected . If the term life insurance policy can be converted to a permanent cash value policy , it may have value on the life settlement market .


Input: Can You Cash In Term Life Insurance?

Output: Can you cash in term life insurance ? Outside of a refund of unapplied premium , there is no cash values to be found in a true term policy . There are return of premium term policies -LRB- not so much anymore -RRB- that if you hold to maturity will return all the premiums paid into the policy . Some of the very old term policies also had cash values , but in the last 50 years no .


Input: How Much Is Commercial Renters Insurance?

Output: A commercial renters policy is designed for a business . The type of business makes a great difference in the premium . Some businesses operate on a slightly different type of policy that provides coverages unique to their business , for example , jewelry stores . The traditional policy is called a business owners package and it provides coverage for contents , liability protection and other miscellaneous coverages . Because businesses vary so much there isnt an average policy . I do know that an insurance agency costs around $ 600 per year for a small office and range much higher as the business operation is larger .


Input: How Much Does AARP Medigap Insurance Cost?

Output: AARP is a marketing organization and political activist group that endorses various insurance products in exchange for a kickback . They do not underwrite or directly sell insurance plans . The endorsed Medigap plans are underwritten , issued and administered by United Healthcare . All plans with the same letter -LRB- plan F for example -RRB- are identical from carrier to carrier . If you were to compare Medicare supplement plan F from United it would be identical in every way to plan F from Blue Cross , Humana , Mutual of Omaha or Philadelphia American . The ONLY difference is the premium charged . The United plans from AARP are banded in 3 year brackets in most states . Your rate can increase as you age due to inflationary adjustments as well as moving to a new age bracket . This can result in a double rate increase in the same calendar year . #MedigapPlanFRates #MedicareSupplementPlanFRates #GeorgiaMedigapPlanFRates #GeorgiaMedicareSupplementPlanFRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: How Much Does AARP Medigap Insurance Cost?

Output: Bob has good information but I will add that in many states the United Healthcare Plan -LRB- AARP -RRB- has a built in rate increase the first 10-years . This is in addition to the attained age rate increase that is already built in . The way they do that is they call it a `` discount . '' The discount is for age 65 applicants but even with the full discount the premium is not cheaper than other companies . But then they take a pro-rated amount of the discount away each year for 10-years . So in reality , it was n't really a discount but a built-in additional price increase that they never have to claim as a price increase . Regardless of what you think of the AARP organization , when it comes to their name on ANY insurance product , use the same caution that you would with any other company . The insurance companies just buy the use of the AARP name and logo . It does n't mean the product is a good value or a bad one . But it does catch some seniors off guard .


Input: How Much Does AARP Medigap Insurance Cost?

Output: The cost of AARP Medigap insurance will depend on where you live , your age and your smoking status . AARP Medigap is actually insurance through United Healthcare . The premiums will vary by state and in some states they can be very reasonably priced . The trick is to work with an independent agent that can show all the plans for all the top rated carriers in your area so you can compare which would be the best for you . For example , Plan F for AARP Medigap can be $ 179 per month in some areas of Florida and higher in other areas -LRB- based on a 65 year old -RRB- .


Input: What Is Universal Variable Life Insurance?

Output: Universal Variable Life Insurance -LRB- or VUL - Variable Universal Life insurance -RRB- is a form of life insurance that has a death benefit and investment component . Agents who sell Variable Universal Life must have a securities license in addition to a life insurance license . The variable part of the title refers to the investment aspect ; the universal part of the title refers to the insurance aspect of this product .


Input: What Is Universal Variable Life Insurance?

Output: Universal Variable Life Insurance is a policy with is a type of permanent coverage in which the cash portion of the policy is invested in securities . These policies are heavily marketed because of the high commissions , however I would look at an indexed universal policy if you are looking for growth . Most independent sources recommend variable products only if you are young enough to overcome some heavy charges .


Input: Where Do I Go To Get Life Insurance?

Output: As you are reading the answers to this question , you are being introduced to several different agents who could handle your application in a responsible manner . You can go to our profiles to read about our agencies and our expertise , or you can read our answers to other questions to get a feel for how we approach our clients . There is not much we can hide as we are in the public eye here . You can go to any agent you trust , but if you do n't know any , this website is a good place to start .


Input: Where Do I Go To Get Life Insurance?

Output: Great question ! These days , you do n't have to go any farther than your mailbox or your TV to get offers for life insurance . Google it , and you will get pages of responses . I think the best place to find the right life insurance policy for you is through a live , independent agent , and here 's why . Some things are great to buy through the internet , because you know exactly what you are buying . You book a hotel room , it 's a hotel room . Insurance is n't that easy . First of all , it is the financial security of your family , andyou want that to be handled by someoneyou can see , and talk to . Secondly , there are an awful lot of choices when it comes down to your coverage , andyou want someone who could explain them to you , and help you find the right one foryour needs . Lastly , an independent agent is n't tied to one particular company , and can shop around for you from several companies . Find one that feels right , and have them walk you through the process . If you would like help , please do n't hesitate to contact me , I 'd be happy to help . Thanks for asking !


Input: Where Do I Go To Get Life Insurance?

Output: Life insurance advertising is predominant on all media TV , radio , snail mail , email and billboards . Most simple go to the internet search engines such as Google , Yahoo or Bing . I would personally ask your family , friends and coworkers if they know a trusted independent life insurance broker . A broker can shop the market for your best product at the best price to meet your unique situation . By dealing with a referred broker the trust is established up front and you will feel more comfortable going through the process .


Input: Where Do I Go To Get Life Insurance?

Output: Life insurance is a very personal purchase . You are selecting someone to care for those you love if you are not there to do so yourself . The internet is a rather impersonal option . I recommend selecting a trusted life insurance agent . If you dont know one , get referrals from colleagues , friends and neighbors . This agent should patiently listen to you and offer sound financial advice . The solution proposed should be adequate to take care of your needs at a cost you can afford . When life insurance pays a death claim it is almost always a real bargain . Setting the limit of coverage is the most important thing .


Input: Where Do I Go To Get Life Insurance?

Output: You should talk with an independent life insurance agent so they can review options from multiple carriers with you , help identify the risk class you 're looking at with various carriers -LRB- a critical part when looking for coverage -RRB- , and identify the policy structure that will best serve your needs and your budget . It 's also highly , highly recommended that you do NOT apply to a bunch of carriers at the same time just to see what sticks - this can be a red flag to many carriers and they 'll want to know what your plans are with each policy , total amount of coverage you plan on keeping , as well as the underwriting results from them . There is no one policy that is the best for everyone as we each have our own needs and purposes for buying life insurance . Some may buy life insurance because they just got married , some because they have a new child , some for estate planning , and some for income replacement , just to name a few reasons why people buy it . In evaluating which is best for you , there 's a number of factors to consider such as what type of coverage do you want/need , the reason you want to buy it , how much coverage and for how long -LRB- e.g. term vs. permanent -RRB- , premium affordability , health status , where you live , and others . One of the first things you need to do is identify the risk classification you qualify for . The risk classification is critical because this determines what the premiums will be for the policy you 're applying for . This is where insurance brokers are essential in your pursuit of coverage . They have the knowledge to guide you through the process and help you find the policy that 's going to be most suitable for you .


Input: How Long Does Car Insurance Last?

Output: The automobile insurance policy has a start date and expiry date . Claims arising from the operation of the vehicle between those two dates and times are covered . Occasionally a company will reinstate a policy that has passed beyond the expiry date . To do so they will almost always require a statement that there werent any potential claims during the period from the expiry date and the date of reinstatement . In those cases the policy will often be back dated to provide continuous protection . This is important when there is a loss payee , such as a bank , that has the authority to order coverage for the vehicle .


Input: How Long Does Car Insurance Last?

Output: Typically car insurance policies are issued on either an annual or a semi annual basis . They are referred to as `` continuous renewal '' policies in that so long as you continue to meet the underwriting standards and guidelines as filed by your insurance company with your state 's Insurance Department , you will continue to receive renewal offers .


Input: Do I Need To Purchase Insurance When I Rent A Car?

Output: Check with your insurance professional before you rent , but in many cases , no you do not . In many cases , the coverage provided by your personal auto policy extends over to any passenger vehicle you drive while it temporarily replaces your own . In addition , check with your credit dard company because in many cases , your card offers coverage up to $ 500.00 if used to rent a car . This in many cases is enough to cover your policy 's Comp or Collision deductible .


Input: Do I Need To Purchase Insurance When I Rent A Car?

Output: Most companies extend the same coverage to a rental car as they do to a private vehicle that you own . The insurance offered at the counter , while expensive , does have the advantage of allowing you to return the car , end the contract and walk away , regardless of the condition of the car . Personally , I never buy auto insurance from a car rental company .


Input: Do I Need To Purchase Insurance When I Rent A Car?

Output: Here is a life hack : 1 . Check with your credit card provider . Many of them offer liability coverage automatically included as long as you pay for the rental with this card . 2 . If you have business insurance , but no business auto , add Hired/Non-Owned coverage . For pennies a day -LRB- $ 100 - $ 200 a year -RRB- it will provide you with auto liability insurance for cars you rent or borrow for your business needs . It also covers your employees ' and your personal auto that was used in a course of business . For example , you are asking your employee to drop off office keys . The employee gets into the accident . You have liability coverage provided . 3 . Some insurance carrier also offer hired car property damage . This is the coverage for the car you rented/hired/borrowed .


Input: How Long Does It Take To Get Life Insurance Money?

Output: The longest part of getting the death benefit from a life insurance policy is often the time it takes to receive the certified death certificate . One you have the claim form filled out and are able to submititwith the death certificate , it does n't take long , provided the address is correct , etc


Input: How Long Does It Take To Get Life Insurance Money?

Output: Assuming you are referring to the proceeds from a death benefit on a life insurance policy , the process does not take long . Once the claim is submitted , it will be processed and a check can often be sent or deposited into a money-market-like find within 10-14 days . Working with a full-time agent will help you secure the proceeds quicker .


Input: How Long Does It Take To Get Life Insurance Money?

Output: It varies depending on the company and type of coverage . With most policies you ca n't file the claim until you have a certified death certificate . That can take from 2-days to 45-days to get . Then most life insurance companies will pay the claim within 30-days of receiving the death certificate and claim form . Some companies that specialize in funeral insurance coverage pay the claim within 2-days -LRB- usually within 1-day -RRB- with no death certificate needed . If you die within 2-years of taking out the policy , it will be contestible and that will slow down the claim process .


Input: How Long Does It Take To Get Life Insurance Money?

Output: Usually it does n't take long to receive a death benefit check . First a claim form must be completed and returned to the insurance company , along with a certified copy of the death certificate . Certified copies of a death certificate can take a few days . Once a company receives the outstanding requirements , they will process and issue a benefit check . The check will include interest earned from the date of death to the date of issue of the check . Payment of proceeds are usually done as quickly as possible as most states have requirements insurance companies must follow in these situations .


Input: How Much Does Health Insurance Cost For A 18 Year Old?

Output: Typically ... not much ! A short-term plan -LRB- assuming no health issues -RRB- can cost between $ 22 and $ 40dependingon the state where you live . More comprehensive plans are available at higher premiums . Both HMO and PPO options may be offered to you , depending where you reside . Of course , your zip code and health conditions will impact the rate . In 2014 , medical conditions will not befactoredin the rate . State Exchanges will begin Open Enrollment in October for `` Medal '' plans . An experienced broker or a reputable health insurance website can provide you with the best plans , lowest prices , and a quickmethodto apply for coverage . Premiums can be paid monthly .


Input: What Is Consumer Driven Health Insurance?

Output: Although there is no official definition of consumer-driven health care , the basic format usually involves a high deductible health insurance plan , an individually controlled health account , preventitive care at no cost to the policy holder , and sources of health information . Consumer-driven health care operates on he premise hat when the individual is more directly aware of the full cost of health care , he or she will weigh more carefully whether the care is needed and shop more carefully for that care .


Input: Does Medicare Cover Pulmonary Rehabilitation?

Output: Your Medicare Part B will cover a comprehensive pulmonary rehabilitation program if you have moderate to very severe COPD and have a referral from the doctor treating you for the disease . You will have to pay 20 % of the Medicare-approved amount and/or copayments depending upon where the service is performed .


Input: What Is The Difference Between An HMO And A PPO Health Insurance?

Output: The main difference is an HMO -LRB- Health Maintenance Organization -RRB- has a more restricted network and you may need to have a designated primary care physician for your plan . Also , if you need to go see a specialist , you will likely need a referral from your primary care physician in most circumstances . A PPO -LRB- Preferred Provider Organization -RRB- will generally have a broader network and would not require a referral to see a specialist . The premiums for PPO plans will generally be higher than an HMO . If you can afford a higher premium , you may want to go the PPO route . If you have a very tight budget and you need to keep your premiums to a much lower figure , an HMO may be more suitable . Also , you may not have many options for health insurance in some areas . You 're generally going to have more options living in an urban area than a very rural one - not every carrier will offer every network type either under the new affordable care act . 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: What Is A Rider On Homeowners Insurance?

Output: A rider , in this case attached to a Homeowners ' policy , will somehow alter the standard terms and conditions of that policy . One example is a jewelry rider which is used to specifically insure a piece of jewelry to it 's appraised value . Ordinarily unscheduled jewelry can be covered in a standard contract , but the loss causes that are covered can be more limited than those provided in the rider . Another example is a rider to include Earth Movement as a covered peril . This is typically excluded from a Homeowners ' policy but the coverage can be included by use of this rider .


Input: What Is A Rider On Homeowners Insurance?

Output: That is a great question ! Any time that you see the word ` rider ' in insurance speak , it will mean ` something added to , or riding on ' , the policy . So you will have the original body of the policy , and then a clause , provision , or additional coverage that is added to it called a rider . You may have a rider added to your policy that adds some extra coverage not offered in your homeowners policy . Some riders are free , most are not . Thanks for asking !


Input: Does Renters Insurance Cover Dropped Laptop?

Output: A laptop is covered as personal property under a renters -LRB- tenants -RRB- policy . Most insurers have a limitation for damaged electronic data equipment . There may be further restrictions if the laptop is a part of your business or belongs to your employer . The coverage also extends to your laptop when it is away from your residence ; however , there are limitations on coverage .


Input: Is Gynecomastia Covered By Medicare?

Output: Gynecomastia is the enlargement of gland tissue of the male breast . Mastectomy for gynecomastia may be covered if determined medically necessary and meeting Medicare approval . The tissue being removed must be mostly breast tissue and not adipose -LRB- fatty tissue -RRB- , the surgery can not be done for purely psychological reasons , and alleviation of pain is usually a factor . Contact your 1-800-MEDICARE to determine if you qualify .


Input: How To Sell My Life Insurance Policy?

Output: To sell your insurance policy , you would contact a company that specializes in `` life settlements '' . They will first evaluate your policy to see if there is any value in it to a potential purchaser . This evaluation also includes an evaluation of you , because they are counting on you passing away within a few years in order to make a profit . If yours is a policy in which they are interested , you will fill out an application and they will see if there is a settlement that everyone can agree on .


Input: How To Sell My Life Insurance Policy?

Output: In some cases investors will buy your life insurance policy through a process called viaticizing . Normally this is only done in cases where the individual is terminal and has a life expectancy of 2 years or less . Policies considered normally are 2 years old or older . You can sell term or permanent but most investors prefer permanent plans .


Input: Why Is My Roth IRA Not Growing?

Output: That is a great question ! However , without knowing any of the particulars about your Roth , I can not give you a specific answer , only some possible reasons . The first is are you still contributing to it ? If you are only making small , sporadic contributions , your growth will be very slow . The other would be how you have it allocated , and how those choices are performing . If your investments were in funds heavy inTech stocks , you 've taken a beating , if they were in bonds , that market has been sluggish also . If you 'd like to contact me , I might be able to give you a better answer , but otherwise , this is the best I can do . I hope it helps , thanks for asking !


Input: How Do Annuities Operate?

Output: Annuities are fundamentally designed and manufactured in two types : immediate and deferred annuities . Immediate annuities can generate distributions , typically 5 , 10 , 20 years and for lifetime income . Deferred annuities have three basic crediting methods : interest rate , indices and separate sub accounts tied to market instruments . But earnings are not the only component , many deferred annuities are annuitized for the life of the annuitant and the insurance company adds mortality credits to the pay out . The older the annuitant is the larger the payout .


Input: Can A Pension Plan Be Invested In Real Estate?

Output: Can a pension plan be invested in real estate ? Short answer depending on the plan is yes . If you are in a managed plan , it is quite possible that some of the funds are used to purchase real estate , either through direct purchase or participating in a REIT -LRB- Real Estate Investment Trust -RRB- . If you are asking about your ability to purchase real estate as part of your plan , it will depend on the plan design you choose . For most who want the real estate investment thing , the REIT might be a good choice . It is sort of a mutual fund that is all about commercial properties . But remember to check your plan to see what is authorized for purchase .


Input: Can A Pension Plan Be Invested In Real Estate?

Output: The assets in a pension plan can be placed into an array of varying investment options . The pension fund manager makes decisions in these investments with advice from his investment team . So yes it is possible for some pension plan assets to be exposed to real estate .


Input: What Happens To Life Insurance When You Divorce?

Output: Life insurance will remain in force as long as premiums are paid . In divorce situations you may need to change ownership of the policy if it is owned by the spouse and you may also need to change the beneficiary . Sit down with your agent or contact a good local agent and discuss your individual needs and options .


Input: What Happens To Life Insurance When You Divorce?

Output: If there are no changes to policies in force nothing changes . But life insurance is personal property . Personal property is generally listed and is divisible property in divorce proceedings ; especially of permanent cash value policy is in force . If there are changes in policy ownership either by agreement or court order , it is possible that cash value gain in the contract will be subject to ordinary income tax .


Input: What Happens To Life Insurance When You Divorce?

Output: Divorce creates difficult life insurance situations , particularly when spousal or child support is involved . It is very important to insure the life of the person providing the support , however , it is best to own and pay for the insurance . Another area of great concern is employee benefits . The beneficiary designations are often overlooked and when the employee dies the current spouse is surprised to learn that all the payments go to the former spouse .


Input: What Happens To Life Insurance When You Divorce?

Output: In some divorce proceedings you may be required to maintain Life Insurance Coverage for a specific period of time especially if children are involve.Consult your Agent to prepare a plan that suit your individual needs . If health issues will prevent a policy or new coverage changing Beneficiary may be your answer .


Input: What Happens To Life Insurance When You Divorce?

Output: Sometimes when getting divorced one party will `` take over '' the life insurance of the other party . Their assumption is that if they make the premium payments then they will have control over the policy . This is not the case , the other party needs to sign a change of owner form . If this is not done you will be paying the premium on a policy that you have no control over . Your ex-spouse will have the legal right to change the beneficiary if he is the owner , regardless of who is paying the premiums . Also , if your life insurance policies predate your divorce and you are supposed to be the beneficiary of your ex-spouses policy -LRB- or vice versa -RRB- , you should find out if you live in a Divorce Revocation state . If so , it is very important that you update the beneficiary designations using the correct terminology . Failure to do so could be catastrophic . In a Divorce Revocation state you could be listed as the beneficiary of your ex-spouses policy but still not receive the death benefit . One simple change can avert this problem


Input: How Much Does Life Insurance Generally Cost?

Output: Life insurance pricing is a matter of mathematics . The shorter the period of coverage , the lower the premium . The older the insured , the higher the premium . There are savings in policies with higher death benefits -LRB- reduced administration and underwriting costs . -RRB- There are preferred prices for people who have a lower Body Mass Index . There are higher prices for people who use tobacco products . The thing to remember is that the basis for all of this is mathematics , so it is really unusual to discover a deal .


Input: How Much Does Life Insurance Generally Cost?

Output: While life insurance costs vary widely , many people have a number in their heads of what they feel they can afford to pay . Then agents help them find them the amount and type of life insurance that best fits their needs and their budget . I find that many people want to pay $ 100/mo or less . And getting a policy for that cost is generally attainable .


Input: How Much Does Life Insurance Generally Cost?

Output: It is impossible to say what life insurance generally costs because the rates are so different for each policy . The ads that give a rate usually are basing it on a 10 year Term policy for an extremely healthy person , and that can be as low as $ 10/month for a 25 year old male purchasing $ 250,000 of 10 year Term life insurance . Bump the applicant 's age to 55 and the price quadruples to $ 40/month . Drop his health from the best class to Standard and the rate nearly double again . Let 's say the 55 year old man gets nervous about buying 10 year Term at that age and opts for permanent coverage . The lowest price for $ 250,000 of no lapse Universal Life at for a 55 year old man rated Standard is approx $ 320/mo . As you can see , so many things affect the price . But it is very easy to compare quotes for yourself by going to a website quote engine that offers free and instant quotes . Some , like ours , will even ballpark quotes with certain health conditions , but it is always best to call to talk to someone when you have a health condition , so that you can get an accurate rate .


Input: Can You Transfer Life Insurance Policies?

Output: Yes , you can transfer ownership of life insurance policies . There are , however , some things of which you should be aware . If the policy is currently assigned for collateral , or there is an irrevocable beneficiary , their consent would be required before a transfer . In Canada , with one exception , transfers of ownership are considered a deemed disposition . In other words , it is the same as if you cashed the policy in and it may trigger a taxable event . The one exception is a transfer to your child when the child is the only life insured under the policy . This creates an opportunity for an intergenerational wealth transfer . -LRB- If interested ask me for details -RRB- . Child includes any natural or adopted child , grandchild , stepchild , son or daughter - in-law . Check to be sure of the consequences , before you make a transfer . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Does My Renters Insurance Cover Moving?

Output: Most renters policies cover your personal property at the residence indicated in the policy . If you are moving , most companies provide an extension of coverage on your property at the new location for a relatively short period of time . The property has limited coverage while in transit . While in transit it is considered personal property off premises and recovery is limited to 10 % of the coverage amount .


Input: Does My Renters Insurance Cover Moving?

Output: That is a great question ! You will want to look at your specific policy . Some companies will cover your stuff in transit , -LRB- up to a limit , and it 's usually fairly low -RRB- and long enough for you to re-up at the new address . Some will not cover beyond your specified address . Take a look at your policy , and give your agent a heads up so they can take care of you . Happy moving , and thanks for asking !


Input: Does My Renters Insurance Cover Moving?

Output: A renters policy covers your personal property in your current location and for about 30 days in a new location . However , while the property is in transit between the two locations the coverage is only 10 % of the amount listed in your declarations . So if you have $ 35,000 of personal property coverage , the maximum you could receive in a loss in transit would be $ 3,500 .


Input: What Is CDHP Health Insurance?

Output: We insurance people like to use all sorts of acronyms , it keeps us mysterious and sexy . CDHP is the abbreviation for Consumer Directed Health Plan . This is a bit of a fuzzy designation but it is generally used in reference to a high deductible health insurance policy meant to be tied to a Health Savings Account -LRB- HSA - see more mysterious letters -RRB- . An example would be a health insurance policy with a deductible of $ 6350 for an individual followed by 100 % co-insurance coverage after that -LRB- this is the maximum allowable in 2014 -RRB- . This plan would have no office visit , emergency room or prescription copayments with all covered services subject to the $ 6350 deductible . The premium for such a plan design should be meaningfully less than that of a lower deductible plan with copayments . The high deductible health plan policyholder is supposed to take their premium savings and set them aside in a Health Savings Account from which they pay for their routine expenses such as office visits and prescriptions . The amounts a person sets aside in an HSA reduce their net taxable income which reduces their taxes thus saving them not only premium dollars but tax dollars . Unused funds in the HSA can rollover from year-to-year and accumulate on a tax deferred basis over time to build up a financial nest egg that can be tapped into in a person 's Medicare eligibility years to pay for future medical expenses .


Input: How Do I Get Car Insurance Before I Buy A Car?

Output: It depends on whether you mean you 're about to buy a car in a matter of days ... . in that case you would simply need the vin # of the vehicle in order to bind an auto insurance policy . ... or if you mean you will be going without a car for some time but need auto insurance coverage anyways in the meantime . In that case you will either need a named operators policy or a broad form named drivers policy .


Input: Does Home Insurance Cover Sump Pump Failure?

Output: It can , yes . Some companies offer coverage for `` failure of sewer or drain '' . In the event your company does , then should your sump pump fail to do it 's job and any acccumulating water in your basement damages either your presonal property or structure , then yes , you would have coverage .


Input: How To Fight A Homeowners Insurance Claim Denial?

Output: If you have had a claim denied and you disagree with the determination in the letter that was sent to you the letter will also have an explanation of how you should respond . Generally the letter would state you have 30 days to put in writing why you feel your claim should not be denied . State all the facts clearly then mail the letter in to the address on the letter sent to you and your rebuttal will be reviewed . If you are still denied but feel you are right and the insurance provider is incorrect in their assessment you can write to your states department of insurance and they can look into the matter . I also highly recommend you discuss the matter with your agent .


Input: What Is The Best Home Insurance Policy?

Output: The most comprehensive home insurance policies are offered by the High Value/High Net Worth insurance companies . These companies include PURE Insurance , AIG 's Private Client Group , ACE Insurance & Chubb Insurance . They will usually provide coverage on an all risk form as opposed to a named peril form . For example - a named peril form will list the things you are covered for ; fire , wind , hail , theft , vandalism , etc. . The High Value companies will say you are covered for Everything except - intentional acts , flood , wear & tear , nuclear , etc. . The insurance companies listed above will usually require you insure your home for more than $ 1,000,000 and have excellent credit . Some will even require an umbrella or jewelry policy to consider .


Input: What Is The Best Home Insurance Policy?

Output: Most insurance companies that offer homeowners policies use or adapt a standard policy that was developed by the Insurance Services Organization -LRB- ISO -RRB- . Definitions are fairly consistent across different company policies . Companies have frequently adopted easy read policies and some of these appear to be slightly different ; however , they are still based upon the same framework in most cases . The mix of coverages offered by the various insurance companies is also comparable . The ISO format allows for a number of different forms and that can sometimes create confusion but most companies offer the standard HO-3 form . The most important thing is to determine the perils that the policy is pledged to insure against . Again , these are fairly standard but with the different forms there is also a slightly different list of perils . The basic peril is fire and the list of perils includes everything except . As a consumer you should note carefully the perils that the policy is going to cover . Customers occasionally fail to make premium payments when they are required and the coverage lapses . Expired home insurance is the very worst kind . It will not provide any coverage in the event of loss which could be quite expensive . The majority of home policies are actually paid by an impound account established by the mortgage company but some are not and occasionally even a mortgage company fails to pay the premium at the correct time . Incidentally , since the mortgage company requires that you carry home insurance and name them as mortgagee they also have the right to issue an insurance policy on the property with a company that you do not select and at a price you do not negotiate . This can be a rude and expensive revelation . So , the best home insurance policy is the one that is in effect . The next criteria are that the best home insurance has adequate limits to handle a claim . Usually this is established at the time the policy is written with a third-party estimate of reconstruction costs . Most home policies have a provision that increases coverage with every renewal to keep pace with the rising cost of construction in your area . This should be checked every few years to make sure that everything is accurate . The cost of a property loss could greater than anticipated . If there is a massive loss in an area , for example a fire takes out homes in a three block area , the limits of the policy might be exhausted before the home can be restored because there would be an unusual strain on the capacity of the building trades in the area to repair all the homes involved . There is intense competition for building materials and specialty contractors . If you think you might be in an area that could be affected in that way make sure you discuss this at length with your insurance agent . The liability limit on your home policy requires close attention . A lawsuit for bodily injury or physical damage can end up costing a great deal more than the value of your home . You should select the maximum amount of liability coverage that the insurance company offers and then price umbrella coverage to increase that limit . It only takes one lawsuit to ruin your weekend . Two huge risks are not covered by the standard home insurance policy . These risks are flood and earthquake . Both can be devastating . Consider the purchase of flood insurance through your agent and the National Flood program and Earthquake which is available as a separate policy or as optional coverage depending upon your insurance company . There are four optional coverages that also require close attention . There are additional coverages available but your agent will probably be able to identify your need based upon your location . If your sewer backs up and destroys your hardwood floors , carpets , tile , walls and woodwork , you will be surprised that that damage is excluded by most home insurance policies . Coverage for this risk is available through your home insurance company . Since most losses to the residence itself are partial losses repair and replacement can be hampered by a change in laws and ordinances concerning construction in your area . There is additional coverage available to pay for those increased expenses . Home insurance policies do not cover all personal property in the same way . There are specific limits to coverage for jewelry , guns , collections and others . Review this coverage and obtain additional coverage if you have an exposure in these areas . The coverage for the contents in a home is rarely set up as replacement coverage . That means that a loss is going to be adjusted by the price of used furniture , clothing and appliances . This is not satisfactory in most cases . There is optional coverage that will replace personal property based upon the actual price of replacement items . Many people think that home insurance is just a simple matter , however , it can be quite complex , particularly when you have a loss .


Input: How Much Are Annuities Worth?

Output: An annuity by itself is only worth the paper it is printed on . It is your money that funds it and makes it valuable . With an annuity , you place your money with the insurance company , they invest it and pay you interest on the money . An annuity is only `` worth '' what you put into it plus interest .


Input: How Much Are Annuities Worth?

Output: Annuities are insurance products -LRB- with variable annuities are insurance products and a security . -RRB- Non-qualified annuities feature tax deferral . The deposits in annuities can be credited with an interest rate , an indices -LRB- domestic and/or foreign -RRB- or equities/bonds in separate sub accounts in variable annuities . Your deposits and the credited performance are tied to the value of you annuity account .


Input: How Much Are Annuities Worth?

Output: This is a very important issue because many people buy annuities to increase their return on deposits . An annuity has a current value . The annuity can be surrendered for that value minus any surrender charges that might be applicable -LRB- these are detailed in the contract . -RRB- Once the annuity has commenced paying monthly payments to the annuitant it can not be surrendered under most circumstances .


Input: How To Get Health Insurance If Denied?

Output: There are several ways to obtain health insurance even after you are denied . Underwriting varies by carrier and while one company may deny you another may be willing to extend an offer . I have this happen quite often with clients who do not have severe medical conditions . You can also get coverage through an employer and if your state has a high risk pool that is another option .


Input: How To Get Health Insurance If Denied?

Output: How to get health insurance if denied ? While this question was asked a few years ago the answer has changed . Now every 4th quarter of the year a person can apply and get covered effective 1/1 of the next year . You can not be turned down during the open enrollment period as the ACA changed things .


Input: What's The Fine For Not Having Health Insurance?

Output: if you do n't have health insurance before the end of the tax season for 2014 , you could pay a penalty if : you do n't have a policy either through the marketplace or through employer based plan . the penalty for 2014 is 1 % or $ 95.00 whichever is higher . As answered in the previous comment , if you are an employer with more than 50 employees , and you are not offering them a qualified plan , not only will you pay a fine , but your employees will as well .


Input: What's The Fine For Not Having Health Insurance?

Output: You need to be more specific . Are you an individual and/or family or are you an employer with more than 50 FTE 's -LRB- Full time equivalents . -RRB- Under the ACA -LRB- Affordable Care Act -RRB- you may have a fine if you do not have a qualified health plan that meets the minimum requirements .


Input: How Long Does It Take To Set Up Life Insurance?

Output: With some No Exam policies , you can have life insurance set up and in effect within 24 hours . With policies that require an exam , it largely depends on : 1 -RRB- how quickly you do your exam , 2 -RRB- whether medical records are ordered , and 3 -RRB- if medical records are ordered , how quickly they are received by the life insurance companies . If you have a health condition that requires getting records from several doctors , do not be alarmed if the process takes 3-5 months . Keep in mind that the more thoroughly your health history is reviewed , the chances are nearly zero that your payment would be declined if death occurred during the policy 's first two years -LRB- the contestibility period -RRB- . However , even with a health condition , medically underwritten policies do not normally take that long . Working with a reputable agency who keeps you up to date during underwriting can cut down the time a lot .


Input: How Long Does It Take To Set Up Life Insurance?

Output: The application for life insurance takes about 30 minutes . The required paramedical exam takes about 45 minutes . If your doctors responsive the attending physicians statements can be collect in a week . The life insurance company will perform a search for prescriptions , the Medical Information Bureau , credit check and motor vehicle department , which takes about an hour . Then the information is compiled for the underwriter who can spend couple of hours review your case . It doesnt sound like much time , but an average case takes 4 to six weeks to generate an offer that you can either accept or decline .


Input: How Much Does Medicare Pay For Hospice?

Output: If the patient qualifies for hospice care , Medicare pays for nearly all of it 100 % . This includes nursing care , therapy , social services , home health aid , homemaker services , medical supplies , physicians ' services , short term inpatient care for pain relief or for symptoms -LRB- not to cure the condition -RRB- , and counseling for patient or family . There is s small fee for an inpatient hospital stay for the purpose of giving the caregiver a respite .


Input: How Much Does A Chest X-Ray Cost Without Health Insurance?

Output: Physician services can be quite affordable even without health insurance . It is possible for patients to negotiate a cash price at a steep discount from the gross billed price . If the chest X-ray is done in your doctor 's office , it is possible to negotiate a price in the $ 50 area .


Input: When Can I Disenroll From A Medicare Advantage Plan?

Output: You can disenroll from a Medicare Advantage Plan during the MADP -LRB- Medicare Advantage Disenrollment Period -RRB- of Jan 1 to Feb 14 of each year . If you disenroll , you can only go to original Medicare ; you can not switch Medicare Advantage Plans . However , you can enroll in a Medicare Part D plan .


Input: How To Apply For Home Insurance?

Output: Applying for homeowners insurance is easy . You simply need to contact a local agent and request a quote . The agent will ask you a series of questions to help the agent determine the replacement cost of the home and evaluate how much insurance you will need . Also the agent will give you options so you can make an informed decision on your coverage 's . I recommend you contact an independent agent as an independent agent generally have more insurance providers to chose from .


Input: Can I Get Auto Insurance Without A Car?

Output: Insurance without a vehicle is available . This is called non-owned auto coverage . Primarily used for people who are trying to get their license reinstated and a condition of reinstatement is you must carry auto insurance . Generally this is minimal coverage and has allot of restrictions so you want to discuss in detail with your agent when you purchase this coverage .


Input: Can I Get Auto Insurance Without A Car?

Output: Let me add one other use for Non Owned liability coverage . You work in an occupation where the owner of the business is also the owner of the vehicle you use on a regular basis . Non owned vehicle coverage can play an important role in protecting you . Keep in mind that your employer buys coverage to protect his/her interest not yours . If you own an auto , and are faced with an employer providing basic coverage then it is called Extended Non Owned Liability coverage . If you do not own any car then it is referred to as Non Owned Liability Coverage -LRB- not Extended at that point -RRB- Non owned coverage can be a very valuable way of protecting you , your family or guest passengers in your car . Most large employers are not concerned with Uninsured Motorist or Underinsured Motorist Coverage . But you should be . In about 14 % of all wrecks the adverse driver who causes the wreck will have no insurance . so now you need the protection of uninsured and under insured motorist coverage which is not something your employer worries about -LRB- its your life not his or hers -RRB- so , be sure you buy a non owned liability policy in these circumstances and match the UM and UIM limits with your liability limit of coverage


Input: What Is Group Variable Universal Life Insurance?

Output: That is an excellent question ! I 'm assuming that you are seeing this in a benefits package , in some form of retirement plan ? A variable UL policy is a securities regulated product , that grows -LRB- or loses -RRB- cash value based upon the investments made within the policy . You are offered a selection of investments , -LRB- or your company chooses them for you , and you choose whether to participate or not -RRB- and your policy prospers , or suffers according to the performance of those investments . The `` group '' means that many people are participating in the plan , not just yourself . -LRB- Your health insurance offered through work , and your life insurance are group plans also . -RRB- Many companies use this type of policy to try and build large amounts of cash value , which they then take out in the form of loans to pay the benefits promised to the plan participants . I hope that helps , thank you for asking !


Input: When Should You Consider Long Term Care Insurance?

Output: If you have geriatric family history of nursing home confinement , you may want to secure coverage while young and LTCi is affordable . But you need to begin your search on long term care insurance no later than age 50 . You should be purchasing long term care insurance no later than age 60 . These are just rules of thumb . But the sooner the later based on health deterioration as you become older and the premium larger .


Input: How Long To Keep Home Insurance Records?

Output: A homeowners policy is a compilation of forms . The declaration pages of the policy state which forms are applicable . The company maintains copies of the declarations and the forms for many years . It is highly unlikely that you would have any difficulty reconstituting a homeowners policy that you had several years ago . Maintaining copies of expired policies is probably not a good use of a storage cabinet .


Input: How Much Extra Is Renters Insurance?

Output: Renters insurance is not an `` extra '' applied to another existing insurance policy . It is a stand-alone insurance contract and can very widely on cost depending on your needs and wants . If your desire is to meet the possible requirements of a lease without regard for the coverage you can probably figure on an average minimum premium of around $ 100 . If however you have a lot of personal belongings , own a dog , have a lot of present and future assets to protect and you would prefer to have an insurance company pay for your loss following a claim rather than paying out of pocket , then you can plan to pay a considerably higher premium . Renters insurance premium is largely based on exactly what you want , and an insurance professional can help you out .


Input: Does Homeowners Insurance Cover Sinking Foundation?

Output: Earth movement is a specific exclusion in most homeowners policies . This is such an issue that some insurance companies have withdrawn from states in which this occurs . Insurance policies are carefully crafted to identify specific risks ; however , this is a risk that hasnt been appropriately addressed . It will probably take a court to determine where coverage , if any , might exist .


Input: How Are Annuities Secured?

Output: Annuities are secured by the financial strength of the Insurance Company that issued them . So when considering an annuity it is very important to look at the financial ratings of the company your considering . But , Insurance Companies are required to invest enough of their money into safe stable investments -LRB- mostly US Treasuries & AAA Bonds -RRB- , so that they are able to cover any guarantees they have promised in an Insurance Contract . This gives an Annuity an incredible amount of security .


Input: How Are Annuities Secured?

Output: Tax deferred annuity products have contractual imperatives backed by the financial strength and claims paying ability of the issuing company . Most carriers maintain a dominant portfolio of investment grade government bonds . Many consumers turn to watchdog rating services , like S&P , that monitor insurance companies for changes , both positive and negative .


Input: Is It Mandatory To Apply For Medicare At 65?

Output: If you are receiving Social Security benefits at age 65 , you will be signed up for Medicare Part A and Part B automatically . When you get the packet in the mail , you will have a form that you can use to turn down Part B . At this time you can also opt out of Part A , but it is free and covers very expensive hospitalization costs , so you would be advised to keep it , or have very other good health insurance if you turned it down . If you are not yet receiving Social Security benefits at age 65 , it is not mandatory to apply for Medicare Part A or B at that time . However , it is again , advisable to at least get Part A .


Input: Can An Insurance Company Backdate Our Auto Insurance Policy?

Output: Depending on your state guideline . Most policies when you sign your application you are stating that all drivers in the household are listed on the policy . In many cases the drivers are pulled up on what is called the CLUE report and it will show who is living in the home . Now if your son was not living there and you have proof that he was not and or had no license then he probably should not of been listed till you added him . Or you can request that he be excluded from the policy but if he drives any of the cars that are on the policy then he would not be covered . I would talk directly to your agent or the carrier and ask them why they added him before you requested it . If you are not happy with you carrier or agent and feel that you have not been taken care of your State insurance commissioners office is there for you and they can contact the carrier and face a hefty fine if they were wrong .


Input: How Much Does Health Insurance For A Family Of 3 Cost?

Output: The cost of healthcare depends on a number of factors . For example , it will depend on your age , location , and whether you use tobacco products . Thanks to the new Affordable Care Act there are no medical questions and all pre-existing conditions are covered . You should contact a broker like myself and they will need everyone 's dates of birth , tobacco use , and zip code . Be sure and have them check to see if you are eligible for a subsidy from the government to help pay for the health insurance . Contact me if you need help . I am licensed in 31 states


Input: How Much Is Full Coverage Auto Insurance?

Output: Full coverage auto insurance rates will depend on may factors . For instance , your age and zip code are two of the biggest determinants of the price you pay . Your driving record will be a huge factor along with the type of vehicle you are insuring . And your deductible choices will impact the rate . An experienced broker along with a reputable and trusted website are great resources for finding and comparing the best rates . Typically , it takes just a few minutes to obtain a free quote . Once the quote is provided , as a broker , we shop different carriers so your rate is always the most competitive .


Input: What Is Wrong With Annuities?

Output: Tax deferred annuities have inherent financial value to those who are suitable to purchase the product . Any savings or investment vehicle can be misrepresented or misplaced in a financial plan . But that 's a problem with the adviser , not the product . For those in high tax brackets or just someone who wants more than the banks are offering , annuities can make a real contribution to a retirement plan .


Input: Does Renters Insurance Cover Borrowed Items?

Output: It would depend on the nature of the loss . Since the item was in your care , custody and control the item would be covered the same as if you owned it . Remember to check your deductible however . If your deductible is $ 500 and the item is valued at $ 600 it really would n't make sense to turn in a claim . All you would get is $ 100 anyway .


Input: What Is Comprehensive Renters Insurance?

Output: I believe that the term comprehensive Renters insurance is a name given by a specific insurance company to a renters insurance policy . I could not detect any coverages in their plan there were not contained in most other renters plans . The fact is that a renters policy is a comprehensive policy that provides property coverage , liability coverage , medical payments and loss of use coverage .


Input: Is Medigap And Supplemental Insurance The Same?

Output: Medigap insurance is the same thing a a Medicare supplement . This form of insurance is designed to `` supplement the gaps '' in coverage of original Medicare -LRB- Parts A and B -RRB- . `` Supplemental '' insurance is a term used however for any insurance that supplements , i.e. completes or enhances , some other insurance coverage . For example , a hospital indemnity or short term care insurance policy is also `` supplemental '' to Medicare insurance , however not the same as Medigap . It 's a good idea to find a licensed insurance agent experienced in Medicare and supplemental health plans to assess your needs and objectives and provide optimal solutions for you in this area .


Input: Can Annuities Be Put In Trust?

Output: Annuities can be put into a trust but why ? The purpose of a trust is to avoid probate . Annuities already avoid probate . There are only two reasons I would ever put an annuity into a trust is 1 . if the trust is Irrevocable and the owner has an estate tax problem . Secondly , if the owner is worried that their is going to be a dispute among the beneficiaries .


Input: Can Annuities Be Put In Trust?

Output: Can annuities be placed in a trust ? Yes , they can . Annuities offer a stable safe growth product that could be placed in trust if desired . Does an annuity have to be put in a trust ? No , not really . An annuity offers certain tax and death benefits on it 's own that would work effectively without being in trust anyway . But yes , they can go into a trust .


Input: What Is A Roth IRA?

Output: The Roth IRA is designed to supplement retirement income . Since retirement can extend 20 to 30 years past retirement additional income is often needed . Many experts say youll need 70 to 100 per cent of your pre-retirement income in retirement . Inflation will erode the buying power of your retirement income and must be considered . Pension plans may not replace the amount of pre-retirement income necessary . The taxation on pension benefits and traditional IRA accounts can also erode the buying power of these qualified pension plans . A Roth IRA is made with after-tax money . There arent any age limits on participation and they can be paid in addition to contributions made to your employer-sponsored plan . Contributions can be made on behalf of a non-working spouse . Regular adjusted gross income limits apply . The Roth IRA premium is coordinated with traditional IRA premiums and is reduced at higher adjusted gross income levels . Currently the maximum contribution possible to a Roth IRA is $ 5.500 when you are under age 50 and $ 6,500 per year when you are 50 years old and older . When a Roth IRA is more than five years old it can be used for retirement , tax-free . After five years the Roth IRA can be passed to heirs tax-free . You can use the money in a Roth IRA at any time for qualified education expenses without the normal 10 % early distribution penalty tax . You can withdraw up to the total of your payments without income tax or the additional 10 percent penalty tax . With a Roth IRA you have access to your earnings . You can withdraw earnings income tax free and without the additional 10 penalty tax if you have had the Roth IRA for at least five years and are over 59.5 years , disabled or are using the money for a first-time home purchase . It pays to start your Roth IRA as early as possible and fund it as fully as possible . Because all gain in the Roth IRA is not currently taxed there is a significant compounded rate of return . This will help develop your financial well-being . One of the key considerations is taxation . With a Roth IRA contributions are made with after-tax dollars . The money received in retirement is paid in tax free dollars . If you are currently in a very high tax bracket , the Roth IRA might not be the best choice , however , if you are in a fairly low tax bracket you will find that receiving the money tax free in retirement makes good sense . Most retirement programs are subject to mandatory distributions that start at age seventy and a half . These force you take money out of a plan and pay current income tax . A Roth IRA is not subject to a mandatory distribution and that inconvenience and expense is not required . In the final analysis , tax-free money is great . By carefully planning expenditures you can use the tax-free money to keep you in a lower tax bracket in retirement and potentially save a great deal of money . The money in your other pension plans is actually jointly held by you and the government . With the Roth IRA , it is all yours .


Input: Where To Get Cheap Renters Insurance?

Output: You can find stripped down Renters Insurance policies for as little as $ 50.00 per year from any local agent if you have good credit . Most people spend about $ 150.00 per year on Renters Insurance as they find value in some of the optional endorsements , such as personal property replacement cost -LRB- which allows you to buy new items without a deduction for depreciation if you have a claim -RRB- . Most of my customers add identity theft insurance to their policies so they can file a claim if they are the victim of identity theft . It will help restore incorrect info and pay attorney fees and some time off of work . In short , a basic policy wo n't cost much , but for a few extra dollars per month you can get much better coverage . What state are you in ? I may be able to help you . Send me an email !


Input: What Is A Cafeteria Plan For Health Insurance?

Output: A `` cafeteria plan '' refers to the section 125 of the tax code . A cafeteria plan allows you to have dollars deducted from your payroll at your employment to pay for some health insurance costs with `` pretax dollars '' like child care or prescriptions and doctor visits expenses , and to save for retirement . While the plans may vary from employer to employer in exact details you would be smart to utilize that `` cafeteria plan '' . One word of caution - make sure any dollars saved if not used this year rolls over to the next year and that you DO NOT LOSE THE DOLLARS


Input: Can You Claim Home Insurance On Your Taxes?

Output: Typically , you can not claim your home owner 's insurance on your primary residence as a deduction on your taxes . If you own , rental homes , then you could deduct the premiums as a tax deduction . A good rule of thumb for insurance used for personal benefit -LRB- not a business use -RRB- ... if you can deduct the premiums on your taxes , the benefits are likely to be taxed . Disability is probably the best illustration ... if the premiums are taken out pre-tax , then the benefit is taxed . Life insurance inside a pension plan is another example ... the death benefit is taxed as income !


Input: Can I Rollover My 401(k) To A Roth IRA?

Output: Can you rollover your 401k to a roth ira ? Not really no , there is no provision that allows you to roll the values in your 401k into a Roth without tax penalties . If you did something like this you would need to cash out your 401k which would be taxed at an income tax level combined with your current income , along with a 10 % penalty . So you would be losing roughly 40 % or more of you 401k values . Not something easily made up no matter how good an investment picker you might be .


Input: Can I Rollover My 401(k) To A Roth IRA?

Output: There is one circumstance that I am aware of that will allow you to roll a 401 -LRB- k -RRB- balance to a Roth IRA without the associated taxes and penalties . If your 401 -LRB- k -RRB- plan has a Roth option , which is becoming more common , then you can roll the Roth portion of the 401 -LRB- k -RRB- to a Roth IRA . I actually just did this for a client who had a 401 -LRB- k -RRB- balance that had two balances , one Roth and one traditional . We created two Rollover IRA accounts , one Roth and one traditional and completed the rollover .


Input: Can I Rollover My 401(k) To A Roth IRA?

Output: Hi , that is a good question which many people get confused about . NO , you can not roll your 401 -LRB- k -RRB- directly to a Roth IRA . You first have to roll it into a traditional IRA . Then you may convert some or all of the balance into a Roth IRA . Remember you will have to pay taxes on the converted amount . There are strategies which can help pay for those taxes if you choose and if the strategy makes sense . Feel free to reach out to me if you have further questions . Merry Christmas . Matt


Input: Who Pays Taxes On Life Insurance Proceeds?

Output: Most life insurance proceeds pass directly to the beneficiaries of the policy . If the ownership arrangements are done correctly via third party or entity , you should be able to pass the death benefits proceeds to the targeted beneficiaries tax free . Consult an estate attorney for ownership arrangements to avoid taxation on life insurance proceeds .


Input: What Affects Your Auto Insurance Score?

Output: Great Question . what effects your auto insurance score is many factors . 1 . how long you been with your prior company . 2 . what is your current auto liability limits . 3 . your credit score . 4 . your driving record . while not all those factors are the same with every company some companies use them for score and other use other factors always check with the company that is going to insure you auto .


Input: Can You Get Health Insurance With Bad Credit?

Output: You can get health insurance with bad credit , good credit or no credit . When a medical plan is underwritten , there are no questions about credit , and it does not impact your rate . You may also be eligible for a federal tax subsidy on Exchange plans that could substantially reduce your premiums .


Input: Is 401K Plan A Retirement Plan?

Output: A 401K Plan a Retirement Plan is an ERISA sanctioned qualified plan that allows pretax contributions into this employer sponsored retirement plan . For 2013 contributions you can contribute up to $ 17,500 and if youre over age 50 you can contribute up to $ 23,000 . Keep in mind that some employers match your contribution to some degree , so it may be something to consider .


Input: Is 401K Plan A Retirement Plan?

Output: Is a 401 -LRB- k -RRB- a retirement plan ? Yes , a 401 -LRB- k -RRB- is a retirement plan that has grown in use since the early 1980 's when they were created . Originally , 401 -LRB- k -RRB- plans were meant to supplement traditional pension plans that had been offered by employers . Over the years , that idea has changed 401 -LRB- k -RRB- s from supplemental to primary retirement plans for many employers . A 401 -LRB- k -RRB- is a defined contribution style plan . That means your employer provides the plan and possible contributions to it , but the employee is responsible for the outcome of their plan .


Input: How Much Life Insurance Should We Buy?

Output: This varies for each person . A lot of variables go into the calculation of determining how much life insurance you need , how long you need it , and what is an appropriate amount to actually secure . A life insurance calculator can help with this . A few things to get you started when calculating out what you need and how long you need it for are : 1 -RRB- Do you have a mortgage ? If so , how much is left on it and how many more years do you have to go until it 's paid off ? 2 -RRB- Any final expenses you want paid off -LRB- e.g. burial expenses , credit card debt , medical bills -RRB- ? 3 -RRB- Education expenses for you or a family member you want to pay off -LRB- such as college tuition -RRB- 4 -RRB- Income replacement - this is a big one ! A question to think about here is how much income would be needed if you died today and how long would your family need it to maintain their current lifestyle . An experienced life insurance broker can help you with this and make it a much smoother , easier process . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Life Insurance Should We Buy?

Output: That is a great question ! But to answer it best for you , I 'd really need to know more about you , and what you want the policy to do for you . As a general rule of thumb , if it is to cover a certain debt , like a mortgage or college loan debt , then that is your amount ; if it is to replace your income , then the current wisdom suggests a minimum of 5 times your current salary ; if it is to cover your final expenses , -LRB- funeral costs -RRB- then you will need between $ 10-15 ,000 , depending upon whether you are looking at cremation or a modest funeral . I 'd be happy to help you with your specifics , if you 'd like to inbox me . Please hit the `` contact me '' link , and drop me a line . Thanks for asking !


Input: How Much Life Insurance Should We Buy?

Output: How much life insurance you should buy depends on what you want the life insurance to accomplish . If you want to protect you family and be sure financially they would be secure the you can cover that need . The amount needed varies depending on circumstances , but would be amount large enough to pay off debts , establish an emergency fund , an education fund and capital to provide income . An independent life insurance broker can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Much Life Insurance Should We Buy?

Output: Are you married ? Have kids ? Mortgage ? What would it take to support the wife for her life , get the kids through college , and pay off the mortgage ? That 's a starting point . Figure on average from 3 to 10 times your annual income . More if you have a growing income . Thank you . GARY LANE .


Input: How Long Does It Take For A Life Insurance Check To Clear?

Output: If you have sent in a check to a life insurance company to pay your premium , the amount of time it takes to clear will depend on the company you sent it to . You can call the customer service number of the life insurance company to inquire if your check has been received . There is a grace period of one month past the time the premium is due . If the check is processed during that time , your policy will remain in effect .


Input: Can An Apartment Require You To Have Renters Insurance?

Output: Yes , and they should . Renters insurance is very inexpensive and it protects your belongings and provides liability coverage in the event you cause damage due to negligence . The apartment complex is concerned with liability coverage because they want to get reimbursed for damages and most people do not have enough money to rebuild the building .


Input: Can An Apartment Require You To Have Renters Insurance?

Output: Yes they can require you to have it or they can choose not to let you rent . There are many reasons why they require it . If there was a fire that you accidently caused they would like the damages to be repaired . The cost for renters insurance covers your things in a apartment if there was a fire and not your fault the building owners policy would not cover your items . Renters policies are usually around 100 a year well worth the coverage


Input: Can I Get Life Insurance If I Have A DUI?

Output: If the DUI is many years ago and you have not had any repeat offenses , you can get Life Insurance at a similar rate than if you never had a DUI at all . If the DUI was very recent , and especially if your license is suspended because of the DUI , you may need to purchase a guaranteed issue policy until some time has passed . Once you get a year or two out from the DUI you will be able to buy at least simplified issue life insurance , and again , when more years have passed , the effect of the DUI on your rates will lessen until it has little to no effect at all . Repeat DUI 's , being ordered to attend treatment multiple times , or multiple types of driving offenses can complicate things . Contact a good impaired risk life insurance agent to sort through many companies for you so you can get the lowest possible rate that you qualify for at this time , and keep in mind that you may be able to get a better price in the future .


Input: Can I Get Life Insurance If I Have A DUI?

Output: It depends ! Like most everything in the world of life insurance , rates and qualifications for different life insurance policies vary widely from company to company . Typically , though , if your DUI was more than 5 years ago it wo n't affect your ability to get a policy . Inside of 5 years , it will , and it will also affect your rates , as most insurance companies wo n't give you their best rates if you have a DUI . This means that your DUI will cost you some extra dollars when it comes time to pay your premiums .


Input: What Does Health Insurance Actually Do?

Output: Health insurance provides many benefits including 100 % preventive coverage . So whether you are incredibly healthy or not , an annual physical is covered along with many other medical expenses . Of course , for most persons , it is now a federal law to purchase coverage . Buying the best policy for your specific situation will help lower costs .


Input: What Does Health Insurance Actually Do?

Output: Health insurance pays for covered medical costs you incur , as spelled out in the contract . Your contract can also reimburse you for out of pocket expenses you pay out . The better health plans also provide benefits for wellness and preventive programs . Additionally , having health insurance will help insure that you will be able to receive medical care without it costing you all your accumulated assets .


Input: What Factors Affect Auto Insurance Premiums?

Output: There are many factors that can affect your auto insurance premium . Some of those factors are : ages of the driver -LRB- s -RRB- to be covered , year , make , model of vehicle -LRB- s -RRB- to be covered , the amount and type of coverage desired , garaging zip code of the vehicles to be covered , and motor vehicle reports of drivers to be covered just to name some of the main ones .


Input: What Is The Cash Surrender Value Of My Life Insurance?

Output: That is a great question ! The surrender value is the money that the insurance company returns to you if you were to cancel or `` surrender '' the policy before it reaches it 's expected end . Term life policies will have no surrender value , as they have no value unless they pay out . Whole life policies build a cash value , and it is from this that your returns come . The surrender value is nearly always less than the cash value , as the company will collect fees and charges from that value before releasing it to you . Your policy paperwork will usually list the surrender value . I hope that helps , thanks for asking !


Input: What Is The Cash Surrender Value Of My Life Insurance?

Output: Almost all permanent cash value life insurance policies accumulate cash values based on the performance of their crediting methods . But they also have surrender charges , usually from the first 9 years to 15 years of a policy . The cash surrender value accessible cash values after the charges have been levied against the account value . It can be punitive to surrender cash values and may have ordinary income tax ramifications .


Input: What Is The Cash Surrender Value Of My Life Insurance?

Output: To find the cash surrender value of your life insurance policy , you can order a current illustration from your agent or the company from which the policy was purchased . There will be a column on the illustration that shows the amount you would receive in cash if you surrendered your policy .


Input: My Mother Doesn't Have Enough Insurance To Bury Her. Can I Take Out Life Insurance On Her To Help Pay For Expenses?

Output: There are many final expense policies that do not require any exam , that you could take out on your mother to assist with her funeral and burial expenses . Your mother will need to sign the application , and she may need to do a phone interview in order to be approved for the policy . The type of policy that requires a phone interview may have a slightly lower cost , and more importantly , pay 100 % of the death benefit from day one for death by any reason -LRB- except suicide in the first two years -RRB- . If she is unwilling or unable to do the phone interview , there are guaranteed issue policies available in most states that can be obtained without a phone interview . They will have a 2-3 year `` graded '' period where premium is returned if death occurs during the first years due to natural causes , or pay a percentage of the death benefit for death due to natural causes during the first 2-3 years . These policies are available in face amounts from $ 1,000 to $ 25,000 + . The perfect amount to supplement your mother 's policy so that her burial expenses can be covered in full .


Input: My Mother Doesn't Have Enough Insurance To Bury Her. Can I Take Out Life Insurance On Her To Help Pay For Expenses?

Output: Yes you may open up a policy on your mother . How old is she and is she needing just final expense , a term policy , or whole life . Depending on value . You may buy the policy and be the payor of the poli y while she is the.owner of policy . Just as if she bought the policy herself or she may sign for ownership while you pay .


Input: My Mother Doesn't Have Enough Insurance To Bury Her. Can I Take Out Life Insurance On Her To Help Pay For Expenses?

Output: That is a great question ! There are a couple of things that would determine the answer . If your mom is over the age of 85 , it might be really difficult to find a policy . Same for if her health is really bad . You might be able to find a policy , but it may be more expensive than you 'd like , and most of those policies are going to have a period of time where they wo n't pay anything but what you 've paid in , plus some interest . If she 's fairly young , and in relatively good health , you wo n't have a problem . Either way , if you would like to discuss the details , I 'm sure that I could help you find an answer . please drop me a line , I 'd be happy to help . Thank you for asking !


Input: Does Medigap Cover Part D?

Output: The current standardized Medigap Plans offered are -LRB- A , B , C , D , F , G , K , L , M , N -RRB- . None of them offer Part D coverage . Most people who have a Medigap Plan purchase a separate Prescription Drug Plan . The only plans that combine Prescription Drug Coverage with health care coverage is a Medicare Advantage Plan . Medicare Advantage Plans act like an HMO or PPO and are NOT Medigap Plans .


Input: Will Life Insurance Pay For A Funeral?

Output: Life insurance is a very good tool for paying a funeral . It is best to use Whole Life or guaranteed no lapse Universal Life , so that the policy is sure to be in effect when you pass . If you are on Medicaid , they may not want you to have a permanent policy like that because of its cash value . If that is the case , you can assign your policy to a funeral home -LRB- as long it is of a reasonable face amount for the cost of a funeral and burial in your area -RRB- . Many people simply leave the proceeds to a beneficiary they trust , with the instructions to pay their funeral first , then use the rest for other purposes .


Input: Will Life Insurance Pay For A Funeral?

Output: Certainly life insurance proceeds can be used for funeral expenses . The beneficiary can decide what expenses can be paid for with the proceeds . The exception would be if the life insurance proceeds were to be dictated by a trust . I would recommend a good attorney in those cases . One can also buy a final expense plan in which the funeral home can be the beneficiary and the money would pay off the funeral . In most cases if prepaying a funeral that money is placed in an annuity and any proceeds after the funeral is paid go to the remaining family .


Input: Will Medicare Pay For An IUD?

Output: No , Medicare will not pay for an IUD -LRB- intrauterine device -RRB- or any other birth control devices . If there was a medically necessary reason for IUD placement to treat serious disease , it may be possible that an exception could be made . But generally speaking , IUD 's are not covered under Medicare .


Input: Is There A Statute Of Limitations On Life Insurance Claims?

Output: No , there is not a statute of limitations on life insurance claims in any of the 50 states in the United States . If you have run across an old policy , go ahead and file a claim on it . If you think you had a relative who had life insurance which no one claimed , check the unclaimed property lists in your state .


Input: Where Should I Buy Long Term Care Insurance In Connecticut?

Output: To buy Long Term Care insurance in Connecticut , you can go to any website that sells Health Insurance or Life Insurance to inquire if they sell LTCI . Or you can look through the Yellow Pages or on an internet search engine for suggestions . Ask if they carry more than one product , as some websites -LRB- like ours -RRB- use brokers who will shop multiple carriers to find your best choice . If not , get quotes from several place to be sure you are getting a good deal .


Input: Where Should I Buy Long Term Care Insurance In Connecticut?

Output: As everyone else said you should look for a broker who can shop different companies for you . If you would like to know more about long term care and your options please feel free to contact me or visit my website www.rpp4u.com where you can find many articles to help you in determining your long term care insurance needs .


Input: Where Should I Buy Long Term Care Insurance In Connecticut?

Output: As Peggy mentioned , it 's truly best to find an agent who can provide you with quotes from numerous companies . If you go directly to an insurance company 's website -LRB- which is typically what you 'll find if you 're just Googling `` long term care insurance '' -RRB- , then you 'll only see what they have to offer . But , if you find an independent brokerage in your area , or go to a company like Peggy 's , you 'll be able to get several quotes .


Input: Can An 88 Year Old Get Life Insurance?

Output: I actually had a case for an 88-year-old a couple of years ago . It was rather interesting . What we had going for us was the following : A number of companies will issue a policy up to age 90 . Out of these , some will specialize in ages over 65 . The insured had a number of medical issues , but they were well-controlled . The challenge was getting the money to pay for the coverage . Since the family would benefit , efforts were made to have the family help pay the premium . This is where things got a little tough . Assuming the money is there , this can be done .


Input: Can An 88 Year Old Get Life Insurance?

Output: Most nonmed , final expense policies have a cutoff age of 80-85 for policy eligibility . Therefore , 88 year old 's must apply for medically underwritten Life Insurance to get coverage . This has several implications : 1 -RRB- The minimum face amount is generally higher than what you can get in a nonmed final expense policy . At that age , the minimum is usually $ 50,000 + . This makes for a higher premium . 2 -RRB- The applicant must qualify medically , which can be much more stringent than applying for a no exam policy . There are no guaranteed issue policies available at age 88 . 3 -RRB- That being said , it is possible to get life insurance at age 88 if the applicant is in fairly good health and can afford the premiums . The maximum cutoff for medically underwritten policies that I have seen is age 90 .


Input: Can An 88 Year Old Get Life Insurance?

Output: Most companies will only go to age 85 . I have seen one or two go to 90 and it is not cheap . You may want to consider setting aside money into a funeral trust or a pre-paid funeral plan . At 90 your options are extremely limited . A good Independent agent who specializes in Final Expense planning may be able to help .


Input: Can An 88 Year Old Get Life Insurance?

Output: Yes and 88-year-old can buy life insurance . But he will have to be an unusually healthy 88-year-old . He will also have to be willing to pay a very high premium if he 's setting up a monthly payment . He is not expected to live for too many years and wo n't have too long to pay premiums so that results in a much higher premium . If the 88-year-old is in bad health he can always set up a prepaid funeral insurance policy through a funeral home .


Input: Can An 88 Year Old Get Life Insurance?

Output: Before considering buying a life insurance policy at age 88 , find a copy of the Commissioners Standard Ordinary tables -LRB- CSO -RRB- on the internet . You will see that the average life expectance for an 88 year old male is somewhat less than 4 years . Anyone offering insurance would have to collect enough to pay the death benefit in that period of time . It is an expensive proposition .


Input: Can An 88 Year Old Get Life Insurance?

Output: That is a really good question ! There are a very few companies that will write a policy for you , but there will be some big hurdles to get through to get it . You will need to expect some whopper premiums , and be in really good health . It might really be wiser to go to your local funeral home , and start a pre-pay plan with them . Chances are it will be much easier to do , and considerably less expensive . It wo n't leave behind any money , but it wo n't drain you financially either . I hope that helps , thanks for asking !


Input: What Is Group Disability Insurance?

Output: Group Disability Insurance is disability insurance coverage offered to a group of employees through their employer or entity for which they work . It is one of the benefits offered to some employees . If the employer pays the Disability Group Insurance premiums for the employee , disability income benefits would be taxable to the employee when used .


Input: What Is Group Disability Insurance?

Output: What is group disability insurance ? Generally group disability is a employer sponsored benefit plan provided as a benefit for employees of the company that provides coverage `` off '' the clock and for illness . Group disability can be employer paid or employee paid -LRB- voluntary participation -RRB- . Is it a good thing to have ? Yea , it provides coverage away from work or if you get sick . It is paycheck protection . That ca n't be that bad .


Input: What Is Group Disability Insurance?

Output: Group disability insurance is a policy that covers you in the event you become disabled and sometimes partially disabled . If it is a `` group '' policy , you are perhaps purchasing coverage through your employer . Once an elimination period is met , you will receive monthly payments from the insurer based on the coverage you purchased . There are many reputable and reliable insurers that offer affordable disability coverage .


Input: What Is Group Disability Insurance?

Output: Employers can offer many group benefits to their employees . Group disability is generally short term disability with a modest monthly benefit during times of critical illness or recovery from injuries on or off work , in contrast to workmans comp . Group benefits count in the total coverage for individual disability coverage .


Input: How Can I Compare Home Insurance Quotes In Texas?

Output: The easiest way to compare home insurance quotes in Texas is to contact an independent insurance broker here in Texas and have them shop the market for you . An independent insurance broker works with several different companies ; this allows you to make only 1 call to the broker and they shop the market for you.This process helps to ensure that you get the best coverage at the best rate . We are an independent insurance broker and will be happy to prepare free , no obligation home insurance proposals for your review . Contact us at 469-206-8048 or you can e-mail me at WEBSITELINK .


Input: Why Buy Whole Life Insurance For Children?

Output: Why buy whole life insurance for children ? Outside of the potential need for some life insurance if death occurs at such early age purchasing a whole life policy gives a child a head start . The price is cheap for a chunk of coverage that can be there for the rest of their life . Once it is purchased they ca n't come back and take it away . The cash values never go backwards . I purchased whole life for my kids and their policies have performed well and there is a solid cash value and policy growth for them .


Input: Can I Get Insurance On A Cat C Car?

Output: In California there doesnt seem to be any restriction on Cat C cars . A Cat C car must pass testing by the Department of Motor Vehicles . If it is a reliable vehicle , there shouldnt be any concerns about insuring the car . Insurance companies are reluctant to write physical damage coverages , but as far as I can tell they can not refuse to do so in California .


Input: How Long Do You Pay For Long Term Care Insurance?

Output: If you want continued coverage for long term care , especially into your old age then you need to pay until youre dead . Some hybrid life and annuity products have long term care riders attached or embedded into the policy that may be able to mitigate some of the cost . And if you dont use the rider , there are still some cash value benefits .