Input: How Does Ordinary Life Insurance Work?

Output: Usually Ordinary Life is an antiquated adjective description of participating whole life insurance . Participating whole life insurance does n't not disclosure the moving mortality components of the policy as does universal life insurance . But being said , the life insurance company declares an annual dividend , which by definition is a return of unused premium . The dividend can purchase a variety of policy options and riders like term insurance , paid up insurance , premium payments , limited payments , reduced paid up , etc. .


Input: Which Life Insurance Has Cash Value?

Output: Guaranteed cash values is a feature of a permanent life insurance policy . Other forms of life insurance might accumulate money but those amounts are not guaranteed . Cash values accumulate income tax free . The company will exchange the policy of insurance for the cash value anytime that the owner of the policy desires .


Input: Which Life Insurance Has Cash Value?

Output: All the answers above are valid . Term insurance Never has `` cash value '' , but you may be able to buy a `` Return of Premium '' rider with a Term policy that will return most of the premium paid at the termination of the policy . And that without interest . Universal policies may accumulate some cash value after the first several years , but unless the amount of premium is increased to keep pace with the increasing `` cost of insurance '' that cash value will be consumed and the policy lapse with no value at all . Whole Life policies have a guaranteed minimum interest paid into a cash value of the policy and this interest is compounded and grows tax-free . You have access to the cash value also tax-free . You may also use the cash value as a future income source for retirement . The best Cash Value policies are the Participating Whole Life policies with Mutual companies . These are eligible for Dividends on top of the guaranteed interest and will grow the cash value much faster .


Input: Which Life Insurance Has Cash Value?

Output: Cash value comes with only with life insurance that accumulates value , not with term life insurance . This means you want a permanent policy , such as whole life , or universal life , or indexed universal life . All of these permanent policies accumulate cash value , in different amounts and based upon different reference points . The absolute safest is whole life . Index UL is in the middle and Universal has the most chance of change in accumulation , based upon what it relies upon . You should meet with an experienced life insurance agent to give yoU the fullpicture . Thank you . GARY LANE


Input: Which Life Insurance Has Cash Value?

Output: Which life insurance has cash value ? Typically whole life and universal life polices have cash value , although some term policies also have a guaranteed cash value . The cash value is essentially a byproduct of keeping the premium level . You pay more up front , so the build up of cash and its growth reduces the company 's amount at risk . How the cash value is calculated , how much is guaranteed and how much -LRB- if any -RRB- is variable , depends on the design of the policy . This is spelled out in the policy wording . 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: Which Life Insurance Has Cash Value?

Output: That is a great question ! There are basically two types of life insurance policies , term and whole life . term policies last for a certain amount of time , and then end . They have no benefits after that point . The other type , whole life , lasts as long as you do . These policies have a feature that allows the policy to accumulate a cash value . That cash value is available for borrowing , or helping defray the cost of the insurance policy . I hope that helps , if you would like more information , pleas feel free to contact me , okay ? Thank you !


Input: Will Medicare Pay For Crystalens?

Output: Medicare and most Advantage plans will cover cataract surgery . Medicare not only covers the cost of surgery but also will pay for the cost of a lens implant . The Crystalens is a `` premium '' lens and you may be required to pay an additional fee over and above the Medicare allowance . Your doctor can advise you on your responsibility .


Input: Will Medicare Pay For Crystalens?

Output: Medicare pays for procedure 's medially necessary . You will be responsible for your deductible and copay . You doctor may recommend a specialist . Copays for specialist typically are a bit more then your general practitioner . Additionally medications prescribed may or may not be in your plans formulary . Check with your medical professionals to ensure what they prescribe will be covered .


Input: Can A Landlord Force You To Have Renters Insurance?

Output: I agree fully with Ted 's answer above . In my lease it actually has a penalty -LRB- $ 30 -RRB- for every month you do not show proof of insurance ! As an agent that deals with many Renters , I urge them to get coverage because I have seen what happens without it . I had a friend lose the stone in their engagement ring 3 weeks after they got it and they had no coverage !


Input: Can A Landlord Force You To Have Renters Insurance?

Output: A landlord has the right to require you to carry Renters Insurance . This is a protection for the landlord in the event of a liability lawsuit . There is no law prohibiting a landlord from including this in their lease and it would be a breach of that lease agreement should you fail to comply .


Input: Does A Will Override Life Insurance?

Output: In my work with funeral homes I have seen MANY cases where someone thought that their will would redirect the proceeds of their life insurance . Just a couple of months ago I was involved with a death where a man died and had been married to his 2nd wife for over 20-years . He and his 1st wife were bitter enemies . But he never changed the beneficiary on his life insurance policy . The entire $ 50,000 that the 2nd wife was expecting all went to his 1st wife . She was nice enough to pay the funeral expenses for him -LRB- she did n't have to . -RRB- But the remaining money all went to her . This is a very common error and is another example of why everyone needs a good local life insurance agent that they review things with every few years . Life insurance should not be bought and then thrown in a drawer and forgot about . If there is a living named beneficiary , the life insurance will not be affected by the will or the estate settlement .


Input: Does A Will Override Life Insurance?

Output: Usually a life insurance policy has a stated beneficiary and that beneficiary gets the proceeds outside of a will or probate . Unless the beneficiary page of a life policy refers to a will , it would be processed upon the presentation of a certified copy of the death certificate . So unless the life insurance references the will , it will work as stated in the beneficiary page .


Input: Can You Buy Life Insurance For A Parent?

Output: YES of course . In fact many `` children '' are purchasing Life Insurance to prevent a financial strain on the family . Also consider , with the Critical Illness & Chronic Illness features on policies these days , it is not a bad idea to get a policy which will help fund in the event of a heart attach , stroke , cancer & Chronic Illness which you can think of in simple terms as Long-Term care needs -LRB- note : these generally speaking are not Long-Term Care Insurance but is available -RRB- . Remember there does have to be an insurable interest in place . Depending on the company , you may have to have insurance on yourself . Your parents have to be involved in the process as well . You CAN NOT just take a policy out without them knowing .


Input: Can You Buy Life Insurance For A Parent?

Output: Can you buy life insurance on a parent ? Yes , you can . You can be both the owner and beneficiary of a policy on a parent . The parent has to agree to coverage . The amount has to be within theinsurancecompany 's underwriting guidelines . This type of arrangement can be used for things like final expenses up to estate planning .


Input: Can You Buy Life Insurance For A Parent?

Output: If you mean can you pay for life insurance out of your pocket , yes you can do that . If you mean pay for life insurance where you are the beneficiary and / or owner , then youll have to justify the economic loss or third party ownership . With reasonable amount of death benefit , thisshould n'tpresent a problem . Keep in mind that some life insurance companies will require you to have life insurance on yourself before your parents .


Input: Can You Buy Life Insurance For A Parent?

Output: It is n't clear if you mean paying premiums for a new policy for your parent where the parent will own and be the insured of the policy or if you mean to take out life insurance on your parent 's life but be the premium payor , owner and beneficiary . In the former , if he/she is insurable , he/she can have a policy on his/her life and you can pay premiums which would be gifts to him/her . This can be done . In the latter , it is permitted under the rules of insurable interest as long as the parent is insurable and consents to the insurance .


Input: Where Do I Buy Annuities?

Output: You can buy annuities from a life insurance agency that sells them . Annuities are contract between the annuity holder and the life insurance company that carries that annuity . Therefore , you buy them from agents who represent the companies that carry the annuities you wish to buy .


Input: Is Renters Insurance Worthwhile?

Output: Ask yourself these question : If I came home and found that the apartment I was renting as my home had been completely destroyed by a fire , would I have the finacial wherewithall to fully replace all of my lost posessions with items of the same value and quality ? Or if someonetripped over my bike which I left leaning against the house while I went into my apartment to get some water after a long ride , and they broke their arm and I was sued as a result , do I have the finanacial strength to pay their damages ? If you answered yes to those , you probably do n't need renters ' insurance . On the other hand , you could have that protection for pennies on the dollar by paying an insurance company to protect your interests . Your choice .


Input: How Long Do Accidents Affect Car Insurance In New Jersey?

Output: I depends on the carrier . Some carriers review accidents and tickets that occurred during the last five years for eligibility and tiering on new business , while others only go back three years . Once a policy is inforce , the usual time is three -LRB- policy -RRB- years ... meaning that an accident does not come off in the middle of the policy period , it is removed at renewal .


Input: Can Life Insurance Money Be Garnished?

Output: If you are the beneficiary of a life insurance policy and you have a wage garnishment out against you , what can be garnished depends on the rules of the state . Federal law sets limits on what can be garnished , but states can add to those limitations . Consult an attorney if your wages are being garnished and you are set to become the beneficiary of a life insurance policy , or have recently received proceeds of a life insurance policy . If it is the deceased person who was insured by the life insurance policy whose wage were being garnished , or who owed substantial debt , the money received by the beneficiary is usually safe from creditors to whom the deceased owed money . If the insured person left his money to his estate , or there were no living beneficiaries on his policy to receive the death benefit , then creditors have access to money left to the estate . But money left to a person as beneficiary belongs to the beneficiary and is not accessible to creditors for the deceased .


Input: How Does An Health Insurance Deductible Work?

Output: A health insurance deductible is the amount you pay before a specific claim is paid . It does not apply to all benefits , and different deductibles are available . Typically , the deductible is between $ 500 and $ 2,500 although there are both higher and lower options . An HMO often does not have a deductible to meet . Once you have satisfied the deductible requirements , only a coinsurance may apply . Keep in mind that preventive benefits are usually not subject to the deductible and often office visits and prescriptions are subject to copays only . As experienced brokers , part of our job is to find the best plans at the lowest available rates that meet your budget and include a deductible that is acceptable to you .


Input: Can I Have Medigap And Medicare Advantage?

Output: No and you would not want to . You have a choice to have a Medigap Plan -LRB- Medicare Supplement Plan -RRB- or a Medicare Advantage Plan . Here is a quick list of some of the differences . Medicare Advantage - - Low to zero monthly premium - Has a network which can change from year to year - Benefits can change from year to year - Max out of pocket is $ 6,700 per year on most plans Medigap -LRB- Medicare Supplement Plan -RRB- - Has a monthly premium - No Network . You can go to any doctor or hospital you want that takes Medicare . - Benefits can not change - Max out of pocket can be zero or very low You should review all of your options with an independent agent who specializes in Medicare Supplement insurance . It will save you a lot of time and money . I would be happy to answer any other questions you have .


Input: What Is Flexible Premium Universal Life Insurance?

Output: All Universal Life Insurance is flexible premium universal life insurance . That is one of the features of universal life , that you can adjust the premium up or down at will . You must be careful when you adjust the premium , though , because that will affect the policy in other ways . E.g. . If you increase the premium , your policy may last longer or have more cash value . If you decrease the premium , the opposite can occur . By having the flexibility to change the premium , you can possibly have a policy that you can adjust and use for your entire life .


Input: How To Cancel Bajaj Allianz Life Insurance Policy?

Output: I am not personally familiar with Bajaj Allianz Life Insurance however cancelling a policy is usually the same for all companies . You can either just stop paying premiums -LRB- for term policies -RRB- which will cause the policy to lapse . If you have a permanent policy , if there is cash value , you will want to officially notify them you want to cancel the policy and receive any available cash value . There will be a form for such a request . I hope this helps .


Input: How To Cancel Bajaj Allianz Life Insurance Policy?

Output: That is an excellent question ! You should start by contacting your agent , and asking what the surrender value of the policy is . Ask if there are any charges or fees that would be applied , and what the balance payable to you would be . If that amount is what you hoped it would be , ask for a surrender form , and send it in after filling it out . However , if it is just a matter of paying too much , ask to reduce your coverage amount , or how much paid up insurance your policy would convert to . If it is just a matter of needing some quick cash , you might consider taking out a loan as opposed to ending the policy . Again , ask your agent for some help before you do anything , okay ? Thanks for asking !


Input: Who Can Buy A Medigap Policy?

Output: Anyone over the age of 65 and has both Medicare Part A & Part B can buy a Medigap plan . If you 're under 65 , you can still purchase a Medigap plan if you 're on Medicare for disability or ESRD , but the cost will be very high . Medigap plans are designed to be purchased by individuals age 65 and up . The BEST time to buy a Medigap plan is when you 're new to Medicare because you have a 6-month window -LRB- your initial open enrollment period - starts from your Medicare Part B effective date -RRB- to apply for ANY Medigap plan from ANY carrier with NO medical underwriting . This means that a carrier CAN NOT decline you for coverage for any pre-existing conditions or other medical-related illness . Outside your initial open enrollment period , you 'll be subject to answering health questions to qualify for a new plan -LRB- every carriers ' questions are different -RRB- if you do n't have a `` guaranteed-issue right '' for a special enrollment period available to you - carriers may request a phone interview as well and do a prescription check as well . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: How To Buy A Medigap Policy?

Output: You can buy a Medigap policy through a Medigap insurance agent - I highly recommend doing it through an independent agent who can shop your case among many carriers instead of just 1 or 2 through a captive agent -LRB- agents who are basically employees of a specific company -RRB- . You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting - this is THE BEST time to buy a Medigap plan . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: How To Buy A Medigap Policy?

Output: Buying a Medigap policy does n't have to be as complicated as it may look . The best way to save yourself a lot of time is to contact an independent agent that specializes in Medigap Plans . You will be able to review the plans that are available , get all your questions answered and get help in determining which plan will meet your needs . Medigap Plans all have a letter such as Plan F , Plan G , Plan J , etc. . If it does n't have a letter it is not a Medigap policy .


Input: How To Buy A Medigap Policy?

Output: Medigap policies are relatively easy to purchase as long as you are in a guaranteed issue period . Otherwise you will need to provide evidence of insurability . Prices vary considerably , even for the same plan . Most lazy agents will push Medigap plan F and never bother to tell you about other plans .


Input: What Will Insurance Pay If My Car Is Stolen?

Output: Car insurance will pay for a stolen car as long as you have comprehensive coverage . Comprehensive coverage covers the vehicle for damages not resulting from a collision accident . For example , fire , theft , glass breakage , a tree falls on the car , ect . If you car is stolen the insurance company will determined the blue book value and pay out the blue book value less your deductible . Kelly Blue Book is a good site to use to determine the value of your car . If your car is still financed and there is a gap in coverage you may end up stilling owing the finance company . Gap insurance is available to cover this need .


Input: What Is Medicare A?

Output: Medicare Part A covers Hospital related charges such as room and board . It will also cover your lab work and any tests done while you are admitted to the hospital . Part B covers doctors charges and outpatient lab and other testing such as X Rays and MRI 's done on an outpatient basis .


Input: Can Life Insurance Cover Disability?

Output: Pure life insurance plans cover death by any means including accidental and even suicide -LRB- although if it occurs during the first 2 yrs the policy is in effect payment consists of return of premium -RRB- . Some policies have disability riders -LRB- including AD&D -RRB- which may have some nominal value . If you need disability coverage you should purchase it separate from your life insurance .


Input: Can Life Insurance Cover Disability?

Output: Life insurance is a mortality product that indemnifies the death of the policy insured . Life insurance may have an embedded disability provision or an additional rider for the cost of insurance or the entire annual premium . Some life insurance polices have additional morbidity riders such as disability insurance , generally on a limited basis .


Input: Can Life Insurance Cover Disability?

Output: does life insurance cover disability ? In the form of a payout ? normally no . There are disability riders on life insurance policies , but they are usually only covering the premium on the policy . Some newer policies offer a rider that provides a long term care benefit , but if there is any disability coverage in a life policy it would come in the form of a rider . That said , if you have a cash value policy and become disabled , there is no restrictions on using your cash values for any purpose .


Input: Can You Get Life Insurance After A Heart Attack?

Output: You should be able to get life insurance after a heart attack , but it can take a while until you are able to be approved for life insurance . Most nonmed policies require a waiting period of at least one year after a heart attack . Medically underwritten policies can be more lenient , or much stricter . That is because they look at the total picture : smoking status , weight , complicating health conditions such as diabetes , etc. . If the heart attack was an isolated incident and steps have been taken to prevent another one , one may be able to get life insurance shortly after suffering a heart attack . If the whole health picture is unfavorable , the person who had the heart attack may need to take guaranteed issued life insurance . Normally , the case is middle ground , so finding a life insurance agent that specializes in heart disease can be very helpful .


Input: Can You Get Life Insurance After A Heart Attack?

Output: That is a great question ! Absolutely you can . But please have a good independent agent help you . There are some things that can really make a big difference in your rate and benefits , like the meds you 're on , how long ago you had it , and any post heart attack issues that you may have had . But I promise you there is life insurance out there for you . If you need help , please inbox me , ok ? thank you for asking !


Input: Can You Get Life Insurance After A Heart Attack?

Output: You can get life insurance after a heart attack . However , that is just a blanket statement . There are a lot of factors to consider before purchasing a life insurance policy . An underwriter will want to know the details of your heart attack including the date , damage to the heart muscle , limitations in daily routines , change of diet , exercise , any medications , etc. . The underwriter will also want to know the cause of the heart attack , blockage , stress , HBP , etc. . Once all of these factors are determined then you will shop for your best offers . I highly recommend using an experienced independent life insurance broker who can shop multiple companies and speak to underwriters in advance for your best options . Applying for multiple companies can cause a lot of unnecessary hits to your MIB -LRB- Medical Information Bureau -RRB- report , which can and will cause you issues in the future when applying for other types of insurance . Good luck !


Input: Can You Get Life Insurance After A Heart Attack?

Output: Depending upon your age and the severity of the cardio event , you may be able to secure life insurance coverage . It could be a postponement or rated , but after time has elapsed and the condition improves you should be able to secure coverage . There are impaired risk carriers that are benevolent with cardio events , so it pays to shop the market .


Input: What Does Medicare Supplement F Cover?

Output: Medicare Supplemental Plan F covers 100 % of what Medicare does n't cover . Keep in mind , when you have Supplemental -LRB- AKA Medigap -RRB- Plans , Medicare is your primary insurance provider . For medically necessary procedures , Medicare Parts A -LRB- Hospital -RRB- and B -LRB- Doctors -RRB- provides good coverage , but still leaves folks on Medicare with a lot of out of pocket exposure . The Plan F pays for everything that Medicare does n't pay . However , if Medicare determines that the medical procedure you received was n't medically necessary , they wo n't pay anything nor will the Supplement Plan -LRB- regardless of who you get your supplemental plan with -RRB- .


Input: What Does Medicare Supplement F Cover?

Output: Plan F covers the 20 % of Medicare approved medical expenses that Medicare does n't cover . There are No co-pays or deductibles . The plan covers : Part A hospital coinsurance , 365 additional hospital reserve days Benefit for blood Part B Co-Insurance Skilled nursing facility co-insurance Part A deductible Part B deductible Part B excess Foreign travel expense Preventative care co-insurance with NO out-of-pocket expense Plan G might also be a great option , depending on your situation . Make sure you are working with an agent that shops all the companies available to you in your area .


Input: What Does Medicare Supplement F Cover?

Output: Medicare supplement plan F is the most comprehensive of the modernized Medigap plans . Every carrier that writes Medicare supplement plans includes plan F in their portfolio . Plan F tracks Medicare Part A -LRB- hospital -RRB- and Part B -LRB- doctor and outpatient -RRB- . All Medicare approved A and B claims are paid at 100 % by plan F. Over 90 % of my clients that have a Medicare supplement plan have something OTHER THAN plan F . These are value shoppers that recognize there are better ways to spend their money .


Input: What Does Medicare Supplement F Cover?

Output: Medicare Supplement F -LRB- Medigap -RRB- covers -LRB- among other things -RRB- Part A Coinsurance and Hospital costs up to 365 days after Medicare benefits run out . Part B coinsurance and copay are covered along with the first three pints of blood used . The Part A Hospice Care Copay or Coinsurance is covered along with Skilled Nursing Facility Coinsurance . There are many additional benefits that can be reviewed with an experienced broker .


Input: Will Homeowners Insurance Cover Roof Damage?

Output: If the roof damage is caused by a covered loss , then the roof damage typically would be covered minus your deductible . Most insurance carriers are writing homeowners policies with a percentage deductible for roof damage now . This percentage is a percent of the total dwelling amount covered under the policy . Please read your policy completely to understand the coverage offered and any exclusions it may have or contact your local agent to have them go over the policy with you .


Input: Will Homeowners Insurance Cover Roof Damage?

Output: It depends on your policy , your perils -LRB- cause of the loss -RRB- and if your policy is in effect at the time of the loss . I know that sounds like a bland insurance answer but you first need to know if the policy is active , if it is then what actually causes the damage . Then you have to know or have an agent that can explain to you it it is a covered loss and if not explain why in thier opinion . Agents do not make decisions on claims that is up to the adjusters and the company but they should know what policy they wrote for you . Most agents will refer you to claims so they can have an adjuster come and take a look but depending on the type of claim it could have rate ramifications for you down the road . The issue is maintenance the home owner could or should have done or is it a loss your policy covers . For example if I have rotten decking under the shingles in most cases that is a maintenance issue and would not be covered even on the best policies , but a hailstorm damaging my homewould be . I recommend calling your agent to speak with them about your concerns and if they try to jump you to claims quickly stand firm and have them answer your question . If you do not have an agent or agency you trust find one and get a review of your policies to pake sure they meet your needs .


Input: How Does Medicare Fee For Services Work?

Output: Original Medicare is `` old school '' dating back to the way health care worked in the 60 's . At that time there were no managed care organizations , no PPO 's , no POS and except in a very few areas , no HMO 's . Patients were free to use any doctor , any lab , any hospital anywhere . When you receive medical care under Medicare , if it is considered medically necessary , your provider is paid a fee . Medicare Advantage is NOT fee for service . In most cases you are required to use only participating doctors .


Input: When Does Whole Life Insurance Make Sense?

Output: it will all depend on your objectives and what you are looking for insurance to do for you . Many people purchase whole life insurance for a variety of reasons including -LRB- 1 -RRB- level premiums with no change -LRB- 2 -RRB- can last your whole life -LRB- 3 -RRB- builds cash value over time . When these are factors in your decision to purchase life insurance it would be wise to consider whole life . There are those who believe whole live never makes sense and those who believe it is all that makes sense . Those opinions tend to focus more on commissions to agents and product offerings of the carriers they represent . You need to examine your own situation , hear the pros and cons of the various types of insurance and make an intelligent decision for yourself . Your future financial health will depend on it .


Input: When Does Whole Life Insurance Make Sense?

Output: When does whole life make sense ? While I would like to say `` anytime '' , I ca n't . Whole life makes sense when it has time to work . 20 + years and a whole life is an excellent product , probably the best you can do long term . However , when you have limited your time by waiting till later in life to purchase life insurance , the cost of whole life can be prohibitive . Then a GUL -LRB- guaranteed universal life -RRB- starts to make more sense as it can provide lifetime protection at a set stable cost that would be less than Whole life . Whole life still could be a possibility , but usually the cost is up there .


Input: When Does Whole Life Insurance Make Sense?

Output: For conservative long term savers , participating whole life can be an excellent retirement income alternative or supplement , especially if you design the policy with the lowest base amount in tandem with a term and a paid up addition rider . But for death benefit planning scenarios for indemnification and inheritance , guaranteed universal life is the cheaper option .


Input: Questions About Insurance Coverage And Liability On A Company Vehicle

Output: The only way to determine what the policy covering the companyvehicle provides is to examine the policy to find answers for your questions . As far as your personal auto policy -LRB- PAP -RRB- responding to occurrences while you are operating , maintaining , or using the company vehicle , make sure your personal auto policy provides ` extended non-owned auto ' coverage . Many PAP policies exclude coverage for ` non-owned vehicles available for your regular use ' . This exclusion needs to be deleted or ` bought back ' on every personal auto policy sold in the USA as far as I am concerned .


Input: Can I Cancel My Car Insurance Early?

Output: To be honest , I would suggest talking to your Insurance Professional about the terms and conditions of your particular policy . Specifically ask about the ramifications of a short term cancellation and discuss in detail the reasons you are considering this . Can it be done ? Sure . Should it be done ? Well , that needs a very well thought out answer . Most if not all states require that you maintain insurance as a condition of your car 's registration . So cancelling a policy may result in a pretty tough fine . Your Insurance Professional will also more than likely tell you that insurance companies like drivers who maintain insurance consinuously . In other words , if you cancel then return with another car a month or so down the line , you will be able to buy new coverage , but it may be at a greatly increased premium .


Input: Can I Cancel My Car Insurance Early?

Output: You can cancel your car insurance at any time . Almost all companies will issue you a refund for any unused portion of your premium . For example , if your monthly cost was $ 100 and you canceled your policy 1 week after your last due date , you would get approximately 75 % of your money back . Please keep in mind , there may be state-specific penalties for canceling your auto insurance when you want to get another policy . Some companies in certain states may put you in the most risky driving tier because you have a gap in insurance coverage . Make sure to ask a trusted agent how this will affect your specific situation .


Input: Can I Cancel My Car Insurance Early?

Output: A little bit of additional advice . Call the insurance department in your state and ask them if all personal insurance in your state must be cancelled on a pro rated basis . This is the norm but not universal in a system that has 50 different ways of dealing with insurance in the 50 various states . So , the word from the Department of Insurance will cost you nothing other than the phone call and then you will be well equipped to move forward with your early cancellation .


Input: What Does Comprehensive Mean On Auto Insurance?

Output: Comprehensive coverage on car insurance covers sudden and accidental losses not related to a collision accident . For example , a tree falls on the car , fire , theft , vandalism or a rock kicks up and cracks your windshield . These are all losses covered by comprehensive . A lot of people will carry a lower deductible for comprehensive claims because these types of losses incur more often than collision accidents .


Input: What Does Comprehensive Mean On Auto Insurance?

Output: Comprehensive is one of the two coverage groups that make up the physical damage element of your policy , Collision being the other . Comprehensiove coverage is the more broadly defined of the two . Typically it provides coverage for theft , vandalism , damage caused by hitting an animal , damage caused by falling objects , fire , water , etc. .


Input: What Does Comprehensive Mean On Auto Insurance?

Output: Another name for comprehensive coverage is other then collision . If you hit someone or some object or someone hits you this is collision . If not in this category then the coverage is comprehensive . The exception is striking an animal . Since there is no way to control an animal jumping out in front of a moving vehicle this is classified as comprehensive . Most common comprehensive claims are glass breakage from a rock , vandalism , theft , falling objects such as a tree , flood , earthquake , fire . Consult your local agent for more specifics on comprehensive coverage .


Input: Does Renters Insurance Cover Two People?

Output: Renters insurance can cover two people . Renters insurance will cover the personal property of the named individual , at the described premise up to the covered amount . You can cover more than one person by naming them on the policy and increasing the limits of coverage up to the required amount . The liability section and medical payments only deal with the described premise . I hope this helps .


Input: What Is Medicare DRG?

Output: Section 1886 of the Social security system classifies `` Diagnosis Related Group '' and each group has a classification for reimbursement which is related to Acute Patient treatment . The base payment rate is divided into a labor related and non-labor share . If the hs = ospital treats a high percentage of low income families it receives a perecentage add on payment applied to the DRG adjusted base rate . If the hospital is an approved teaching hospital it receives a perecentage add on payment for each case paid .


Input: Does Medicare Cover Prolia Injections?

Output: Prolia is an injectable medication used for treatment of post-menopausal women who have osteoporosis . If you are at high risk for fracture , and other osteoporosis medications are ineffective , or if you have an allergic reaction to those medications , it is possible that Medicare will cover the medication subject to a recommendation by your doctor .


Input: Does Medicare Cover Prolia Injections?

Output: Prolia is covered under Medicare Part B -LRB- Medical insurance -RRB- as a drug injected in the doctor 's office -LRB- once every 6 months -RRB- . It 's a drug that needs to be stored at a proper temperature , protected from light , and has a 14 day expiration . So , even though , it is also covered under many PDP -LRB- Medicare Part D -RRB- plans , your doctor is more likely to obtain and administer it . If you have Medigap -LRB- Medicare Supplement insurance -RRB- , your plan may cover the remaining 20 % of the cost that Medicare Part B does not pay . You can check with your insurance company or talk to someone who specializes in Medicare Supplements to review your benefits .


Input: When Can Medicare Supplement Plans Be Changed?

Output: Medicare supplements are not under the same rules as Medicare Advantage . You may change Supplements at any time providing you can meet the companies underwriting . Your prescription plan can only be changed during the annual election period starting in October . As long as your health is good you should have no problems changing your Medicare Supplement plan .


Input: When Can Medicare Supplement Plans Be Changed?

Output: You can change Medicare Supplement Plans any time that you choose . Usually the effective date on a plan change is the 1st of a month so I guess 12-times a year is the maximum . But you should reshop your plan EVERY time you have a rate increase . If you purchased your plan through an independent insurance broker , all it takes is one phone call . You can shop and change plans and companies but keep the same agent .


Input: When Can Medicare Supplement Plans Be Changed?

Output: Your Medicare supplement plan can be switched at any time subject to rules for your particular state . Some states such as CA have the birthday rule that allow you to change plans every year on your birthday without medical underwriting . Other states such as MO have a similar rule for you policy anniversary . So there is no single answer that applies equally to everyone .


Input: How Does Company Owned Life Insurance Work?

Output: Company owned life insurance -LRB- COLI -RRB- is taken out on key employees in the company . The company is the owner , payer , and beneficiary of these policies . If the key employee should pass away , the company has funds to recruit a new employee to replace them and to carry on operations during that transition time . If the Corporate Owned Life Insurance is a cash value policy . it can be used as an informal funding vehicle for a nonqualified deferred compensation -LRB- NQDC -RRB- plan .


Input: What Is Current Assumption Universal Life Insurance?

Output: Current Assumption Universal Life Insurance is an interest crediting rate life insurance policy with two sets of rates for the cost of insurance , admin charges , policy fees and front end premium loads and the interest rate credited to the policy . One set of rates in called current company practice and the other contractual guarantees .


Input: Can Creditors Reach Life Insurance Proceeds?

Output: Creditors can not reach life insurance proceeds to pay off the debts of the deceased insured person unless the beneficiary of the policy was not a person . I.e. . If the insured named his/her `` estate '' as the beneficiary , then the policy proceeds go through probate , giving creditors for the deceased , access to those funds . If the beneficiary is a person , the life insurance proceeds do not usually go through probate , but directly to that person . Creditors can not reach the money that went to the beneficiary unless the beneficiary shared the debt with the deceased .


Input: What Can Be Claimed On Homeowners Insurance?

Output: You can claim damage to your residence if the damage is the result of one of the named perils . This list is comprehensive but does have exclusions . Earth movement and flooding are the two most significant exclusions . You can claim the loss of personal property if the loss was the result of one of the named perils . This can result in replacement with new items or depreciated items , based upon the coverage of your policy . You can claim protection against lawsuits for personal injury and property damage . There are ancillary coverages and limits that are in your policy but this list covers most claims .


Input: Approximately How Much Does Car Insurance Cost?

Output: The cost of your auto insurance can vary greatly from carrier to carrier and location to location . Based on my experience within the industry so far , I would guess that the average premium for liability only auto insurance ranges from about thirty dollars to seventy dollars per month and for full coverage the average premium would be fifty dollars to one hundred dollars per month . Please remember insurance coverage and rates can be as unique as the person seeking them .


Input: When Are Non Qualified Annuities Annuitized?

Output: Non qualified tax deferred annuities generally can be annuitized by the policy owner at anytime . Annuitization can cover a single life or joint life as well vary in payout scenarios , i.e. 10 or 20 years certain . But true annuitization generally -LRB- now more then ever -RRB- is understood using the life only option or lifetime income you ca n't outlive . most annuity owners trigger annuitzation at or near retirement .


Input: How Do Medigap Plans Work?

Output: Medigap policies serve as a supplement to Original Medicare . Original medicare is an 80/20 plan , where Medicare pays 80 % of the approved charges . The beneficiary is typically responsible for the 20 % co-insurance as well as co-pays and deductibles that come with Medicare Parts A & B . The Medigap policy is designed to pick up the 20 % Medicare does n't cover in exchange for a monthly premium payable to the carrier selected . The most comprehensive Medigap policy is Plan F , which covers all of the Part A & B deductible , co-insurance and co-pays , so when the beneficiary goes to receive care their is zero out-of-pocket costs . Some plans may also provide benefits like foreign travel as well as a gym membership as part of your regular plan . Please note : when purchasing a Medigap Policy , you need to add a Stand-Alone Prescription Drug Plan to satisfy your requirement as a Medicare Beneficiary to have Part D - Prescription Drug Coverage met .


Input: Do Medigap Policies Cover Long Term Care?

Output: There are very limited benefits for long-term care under a Medigap plan -LRB- up to 100 days of skilled nursing care -RRB- . Before a medigap plan will pay any LTC benefits , Medicare must first approve the charge before a Medigap plan can pay anything . There are also multiple conditions that have to be met for Medicare to approve the skilled nursing care benefit - you can check the medicare.gov website for a detailed list . If you want long term care coverage , you will need to secure a separate long-term care insurance policy -LRB- I ca n't stress this enough ! -RRB- or a long-term care rider on a life insurance policy if you 're looking to purchase one as well . They are very customizable and coverage can be provided for years upon a claim . I hope the information is helpful - please feel free to contact me if you need help with your coverage and if you have any other questions . Thanks very much .


Input: What Is A 414 H Retirement Plan?

Output: 414 -LRB- h -RRB- is a qualified retirement plan for state public employees . The contributions are tax deductible and the plan accumulates tax defrred until distributions . Distributions from the plan are taxed as ordianry income at the plan particiapnt 's effective tax bracket rate . Many employers make particpation mandatory as part of employment .


Input: Does Home Insurance Cover Mobile Phone Damage?

Output: It may . Almost all homeowners insurance policies provide coverage for personal property up to the policy limits less the policy deductible . Please read your policy completely to understand the coverage provided and any exclusions that may be contained within or contact your local agent to have them go over the policy with you .


Input: How Do You Find A Life Insurance Policy?

Output: Finding a life insurance policy begins with finding a life insurance agent . Most life insurance companies require the middle person of an agent in order to purchase their coverage , and even No Exam policies that are offered online or through organizations usually need you to talk to an agent to get them . Finding an agent is as easy as googling `` life insurance quote '' and filling out a form . Or you can call someone local , or call someone on the internet that looks like you can trust them . Once you get that part done , the agent will help you figure out what type of policy to get . Keep your mind open , as what fits your health or budget may not be what you expected , and there are many options that a good agent will know about , to help you get the best possible coverage at the cheapest price . On the other hand , beware of agents who seem to be pushing you to one product for no good reason . Their goal should be to help you get what you need , not sell what they need to make a quota . In the end , life insurance is such a vast industry and there are so many variables that it is very difficult to get the best price entirely on your own . A good website quoter and a good agent can provide invaluable assistance in getting the affordable life insurance that you need .


Input: How Do You Find A Life Insurance Policy?

Output: To find the right life insurance policy for you , your family or business , you need to define the financial goal youre trying to achieve . Are you seeking death benefit coverage , tax advantaged income or transferring assets to the next generation or two by creating an estate or mitigating taxes ? Each financial goal may result in using different life insurance companies , since no one company dominates all three categories . Life insurance companies have differing opinions on underwriting standard or better health categories and more so with substandard impairments . The top ten percent of life insurance companies have niche markets whether standard or better and substandard . Its important to shop independent life brokerage sources who spreadsheet these areas of concern , so youre confident youre purchasing the right policy best suited for you . We can help with that .


Input: How Do You Find A Life Insurance Policy?

Output: `` Begin your search with the end in mind '' . Identify what you are looking for a life insurance policy to do . Then you can narrow your search and focus on those companies that offer what you want . The internet is great at assisting us all in our searches . A knowledgable Insurance Agent is your best bet for discovering which policy best fits your needs . Look for an agent who is not more interested in selling you a product than they are in making sure you end up with exactly what you were looking for .


Input: How Much Should You Spend On Life Insurance?

Output: Some financial counselors recommend spending a certain percent of your income on life insurance . However , there are so many different uses for life insurance , and the price varies so much based on age and health and the type of policy purchased , that it does n't always work to use a rule of thumb . If you are a retired person with a high income and net worth , you may want to purchase life insurance to avoid and/or pay estate taxes , and to transfer your wealth to your heirs . The cost of this type of policy could be pricey , but it would save you a lot of money . In contrast , you may be a young newlywed who can only afford to spend only $ 20 per month on life insurance . This could possibly buy $ 250,000 of term insurance for you and your spouse . At that time in your life , that expenditure would be appropriate .


Input: Can A Tummy Tuck Be Covered By Medicare?

Output: You raise an interesting question in that in order for medicare to cover the procedure a doctor will have to certify that the procedure is `` medically necessary '' and not just a `` cosmetic procedure . On the back of your membership card there should be a `` customer service # > You can call that number and tell them the procedure yuo are going to have done and they will tell you if the procedure is covered . If this is a `` cosmetic procedure and not `` medically necessary '' I think you will find the procedure is not covered


Input: Do You Need Insurance To Drive A Car In Ohio?

Output: Yes , you can not drive a car in Ohio without insurance . Ohio state minimumsfor liability are $ 25,000 / $ 50,000 . However , minimum coverage is just that : Minimum . You should work with an agent that can explain these coverages to you and provide you with a guideline for coverage based on your specific financial situation .


Input: Is Insulin Covered By Medicare?

Output: Insulin is covered by Medicare Part B if the insulin is administered by insulin pump , but not if it is injected by a syringe or pen . However , Medicare Part D drug plans cover insulin regardless of how the insulin is injected into the body . For a person to be able to be covered for insulin pump , they must have type 1 diabetes , or have hard to control type 2 or gestational diabetes .


Input: What Is The Difference Between Homeowners Insurance And Landlord Insurance?

Output: I think what you are calling landlord insurance is normally called , fire insurance . The basic difference between a fire policy and a homeowners policy is coverage C , personal property . Although a landlord might have some personal property in a rented home and that can be covered , most do not and so the landlord is only concerned about the residence itself .


Input: What Is The Difference Between Homeowners Insurance And Landlord Insurance?

Output: The primary difference is that a Homeowners policy provides coverage for you and your home while your home is your primary residence . In other words , you not only own it , but you live in it . A Homeownewrs policy has clear limitations and exclusions in cases when a home is not owner occupied that may in fact cause the insurance company to cancel the policy mid term . A dwelling fire or commercial residential property policy is similar , but it provides coverage for the property owner -LRB- landlord -RRB- and provides no coverage for you if you are residing in that home as a tenant . You would need to talk to your Insurance Professional about purchasing a Renters ' Polisy in order to be sure you and your belongings are properly protected .


Input: Does Prudential Sell Auto Insurance?

Output: I believe ... Prudential used to sell auto insurance and then got out of that niche . It was probably not as profitable for them as they anticipated . Prudential is one of the largest US insurers and offers many competitive plans to individuals , families and businesses . Many brokers use `` Pru '' products in their portfolio .


Input: What Does HDHP Stand For In Health Insurance?

Output: HDHP means high deductible health plan . The typical plan design does not have copay 's for doctor visits or prescription drugs . Policyholders that use par -LRB- network -RRB- providers pay the pre-negotiated rate for all covered services . The amounts paid for covered medical services accrue towards the deductible . HDHP policies are a simple , easy to understand concept . Unlike copay plans , there are no `` moving parts '' to the HDHP . Once the deductible is satisfied , all covered charges for the balance of the year are paid by the carrier -LRB- subject to coinsurance provisions -RRB- . Most plans offer 100 % coinsurance above the deductible but it is not unusual to see plans with 80 % , 70 % or 50 % coinsurance . The HDHP design is a requirement for those who want an HSA -LRB- health savings account -RRB- but not all HDHP 's are HSA compliant . Policyholders looking for good value and minimal risk exposure for catastrophic claims will choose the HDHP .


Input: What Does HDHP Stand For In Health Insurance?

Output: HDHP stands for High Deductible Health Plan . Generally , this term has been used in association with a type of health insurance policy purchased that was specifically designed to be used with a Health Savings Account -LRB- H.S.A -RRB- . In this context the health insurance plan design has an upfront deductible that must be paid by the policyholder before any co-insurance cost sharing and/or copayments can be applied to the policy 's coverage . The IRS determines the minimum deductible and out-of-pocket maximums for H.S.A eligible high deductible health plans each year . For this reason the deductible associated with HDHPs changes over time . In 2014 the minimum individual deductible for a HDHP is $ 1250 , in 2015 it will increase to $ 1300 . Re-designs of health insurance plan benefits prompted by the Affordable Care Act have introduced new health insurance plans that have substantially higher deductibles that previously were most often associated with an H.S.A based plans . As such , the consumer must closely examine the detailed benefits summary of the health insurance plans they are considering . This is because there are plan designs now that certainly have a high deductible but they also have other benefit features like office visit or prescription copayments that disqualify them from being used with an H.S.A. . In short , you will be best served to seek out the services of a health insurance broker who is knowledgeable in these matters .


Input: Does Universal Life Insurance Policy Expire?

Output: Universal Life Insurance can expire if not set up with a lifetime `` no lapse '' guarantee . Not all UL policies offer this guarantee . The ones that do will allow you to pay a set premium that is guaranteed to keep your policy in effect until you die , even if you live to be over 100 years old .


Input: Does Health Insurance Cover PGD?

Output: By PGD I assume you are referring to Preimplantation Genetic Diagnosis . PGD is genetic testing to determine if an embryo that is to be implanted during IVF -LRB- in vitro fertilization -RRB- has any genetic defects . Most plans do not cover IVF and as such , usually wo n't cover related expenses including PGD .


Input: What Does Life Insurance Protect Against?

Output: Life insurance protects against the economic loss that occurs at the insured 's death . Usually a person 's earned income dies with them . If an insured has people in their life they care about who would be hurt financially , life insurance can mitigate the financial loss . This is also true in the business arena . The death of a key employee may hurt the company he worked for , so key man life insurance protects the company . Business partners may insure each other so that they will have the necessary funds to purchase the deceased partner 's share of the business from the heirs . This protects both the surviving partner as well as the deceased partner 's family .


Input: What Is Group Universal Life Insurance?

Output: Group Universal Life insurance is a flexible , permanent type of life insurance policy offered by employers to employees at group rates . Universal Life should be a portable plan , because the purpose of Universal Life is to last beyond a few years , and keep for the rest of your life , if possible . It can offer employees death benefit protection along with the opportunity to grow cash values tax deferred .


Input: How Will Healthcare Reform Affect Medicare?

Output: I do not see a major impact short term . There have been talks of cutting some reimbursements to providers or extending the age to qualify to age 66 . Without a crystal ball it is difficult to say exactly what any kind of Medicare reform will look like , but most of that is due to the financial state of Medicare , not specifically to the Affordable Care Act .


Input: Do I Need To File A Claim If Damage Is Only To Another Persons Car?

Output: A report should always be filed with the police and your insurance company anytime there is an accident . This will help protect you against fraudulant claims in the future . If the accident is documented properly , after the investigation of the accident is completed there should not be any suprises that show up later .


Input: Does Homeowners Insurance Cover Chinese Drywall?

Output: If you are referring to an inferior product that was installed in your home then from what I have seen this is not covered as poor quality materials is not a covered peril of the policy . I suggest your contact your current insurance provider for more details as to what your concern is with the drywall .


Input: Does The Air Force Provide Life Insurance?

Output: If plan to enlist in the Air Force , you will receive $ 400,000 of Term Life Insurance under SGLI -LRB- Servicemembers Group Life Insurance -RRB- provided by the VA. . There will be a small charge . If you do n't want to keep that much coverage , you can reduce it by increments of $ 50,000 or cancel it altogether .


Input: What Is Average Yearly Homeowners Insurance?

Output: Like all other types of insurance , there is no one company that is `` best '' or `` average '' home owners coverage for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . With property and casualty coverage such as home owners or auto insurance , you can normally get a better deal when purchasing coverage for more than one item . For example , I have my car and my home both covered on policies with Auto-Owners Insurance company . With the multi-policy discounts I receive , I actually pay less to insure my home and car than I would pay to insure my home , if that was the only policy I carried with that company . While that may sound illogical , if not unbelievable , it is true , and is a very smart approach to take to make sure you keep as much as your hard earned money in your pocket as possible .


Input: Can You Get Auto Insurance With Bad Credit?

Output: There are several non-standard insurance carriers that will not factor in your credit even for rating purposes . As many have mentioned , many companies will use it to factor your rates due to the likelyhood that a person with good credit usually will always pay on time and will remain a long term customer , of course there is always the exception and the customers who shop around each renewal either way .


Input: Can You Get Auto Insurance With Bad Credit?

Output: Yes you can . Having a tough credit history may mean that you pay more for the coverage than say your neighbor who has very good credit . Credit really only effects the base pricing when a car insurance policy is being rated . This is very much unlike a bad driving record or accident history that can directly effect not only pricing but availability of standard issue car policies . As has been said before , keep in mind that credit is only one of many factors that can have an effect on what you pay for your car insurance protection . Talk to your Insurance Professional about any available discounts .


Input: Can You Get Auto Insurance With Bad Credit?

Output: You can get auto insurance if you have bad credit . Although most carriers will offer a discount if you have excellent credit , conversely , there are also many companies that have affordable premiums when you have a few `` blips '' on your record . The key is finding those insurers ! As an experienced broker , our job is to help consumers in that situation shop and compare the best companies in their area . The combination of our experience and website presence will allow you to save money . There are many other variables that impact what your premium will be . For example , your zip code , the types of vehicles you drive and your driving record must all be considered . Sometimes , if your credit is not good , the other factors will help you get a low rate .


Input: Can You Get Auto Insurance With Bad Credit?

Output: Yes . Most auto insures use credit as a rating factor but credit does not determine eligibility . Credit is a big rating factor so the better your credit score the better your insurance rate . Other factors used to determine your rate are driving record , claim record , type of vehicle , prior insurance and the length of time you 've been with your insurance company . Some insurance companies are starting to charge more for customers who switch companies every year .


Input: Where To Purchase Renters Insurance?

Output: Great question ! There are many insurers that offer renters insurance . The apartment complex itself often will have a company or companies they work with , so ask them . You can also find policies through most major brand name companies . I 'd recommend that you look for an independent agent -LRB- one not tied to a single brand name -RRB- who will help you find an affordable policy with the best coverage . Another bit of advice ? ask for `` replacement value '' instead of `` actual cost '' . Feel free to contact me , and I 'll explain why , if you 'd like to know , or if you 'd like help . . Thanks for asking !


Input: Is Raccoon Damage Covered Under Homeowners Insurance?

Output: Yes , actually it is . Homeowners generally does not cover for damage by rodents . However , raccoons are actually part of the bear family And so there is coverage . It is always a good idea to look over your policy and if you are unclear about something , give your insurance professional A call


Input: How Is Life Insurance Used?

Output: Years ago I read a quote that said `` Life insurance creates cash at death , everything else , confuses and complicates '' . Life insurance can be used at your death to create wealth to provide money for your family to live on , pay your debts , help you business , etc. . Life insurance can also be used to conserve wealth by paying taxes and fees , funding buyout , etc. . To complicate matters , life insurance has additional planning opportunities and living benefits to supplement retirement for example . I suggest you contact a local independent insurance agent / broker , to 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 Is Life Insurance Used?

Output: For most people Life Insurance is used to provide a DEATH BENEFIT to families once the insured passes away . The money can be used for funeral expenses , providing income to families once the insured has passed , paying for children 's college education ... One of the BIGGEST SECRETS that Washington and Wall Street do not want you to know is the LIVING BENEFITS that are provided by life insurance . Did you know that a life insurance policy can provide you with TAX FREE INCOME for the rest of your life ? To learn more about life insurance or ask questions related to your specific needs simply visit me at WEBSITELINK


Input: How Is Life Insurance Used?

Output: That is a great question ! The best answer ? However your beneficiaries want to use it . The death benefit is paid tax free to your beneficiary , and unless you have communicated an express desire as to what you want it used for , they can do as they wish with the funds . I hope that helps , thanks for asking !


Input: How Is Life Insurance Used?

Output: Term life insurance is used to provide a death benefit during a specified period of time . Permanent insurance is used to provide a death benefit at any time the policy is in force . In order to accomplish this and have level premiums , policies accumulate extra funds . These funds are designed to allow the policy to meet its lifelong obligations . However , these funds accumulate tax free and give the policy the potential of solving many problems from funding education , to providing long term care .


Input: How Is Life Insurance Used?

Output: Life insurance is used to pay for funeral and other final expenses ; to borrow from for college , wedding , new home , etc ; to provide cash to a business partner when the other partner dies so the surviving partner can buy the other share of the business ; to pay off a mortgage ; as collateral to get an SBA loan ; to pay off student loans ; to pass an inheritance to children or grandchildren ; to donate money to charity ; to provide for loved ones so they do n't have to move and take another job when the breadwinner dies , and many other uses .


Input: How To Get Vacant Home Insurance?

Output: We write vacant dwellings on a 6 month basis . The premium is higher than a normal homeowners policy because the property is in fact vacant . Claims are typically higher in vacant homes vs. occupied homes.If you are in Oklahoma or Texas , give me a call and I would be glad to help you out . Thanks . Best , Josh DeBoer 918-582-8206 WEBSITELINK


Input: How To Get Vacant Home Insurance?

Output: There are a variety of markets that offer coverage for vacant residential and commercial structures . Most ore found in the Excess and Surplus lines market . The good thing about vacant coverage is that it can be written on a variety of policy terms ... 3months , 6months , annual . Contact me at fwinterle@creativeins.net if you are interested in getting a quote .


Input: How To Get Vacant Home Insurance?

Output: Obtaining vacant home insurance is a simple as contacting an independent agent . I myself represent at least companies that I can write you a vacant home policy with and many are admitted . The cost is a little more due to the increased risk and this has shyed people away from purchasing a vacant policy . However if you try to maintain a traditional homeowners policy and suffer a loss your most likely will either have limited coverage or no coverage at all .


Input: How Much Is Medicare On SSDI?

Output: Assuming you want to know about Medicare primary coverage -LRB- Part A , and Part B -RRB- , for most individuals there is no charge for Medicare Part A . If you or your spouse have enough hours in the Social Security system there is no charge for Part A . The Part B premium for 2013 is $ 105 per month for most individuals .


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

Output: When the insured dies , the policy beneficiaries file the certificate of death and news paper obituary with the death claim form from the insurance company . Once these documents are received and in good order , the life insurance company may take between 30 and 60 days to process the check and deliver it . It may take longer if the death claim occurs within the two year contestibility period .


Input: Can Police See If You Have Car Insurance?

Output: That is a great question ! If you mean like by looking at your license plate , the answer is no . If you do n't have proof of insurance when they pull you over though , you 'd better hope mightily that you do n't live in one of the states that allows officers to check the national insurance database . Either way , if you do n't have insurance when you are caught , you will pay dearly for it , and if you did , but could n't prove it , you are most likely still going to have to pay a fine . Good luck , and thanks for asking !


Input: How To Suspend Auto Insurance?

Output: In states and with Insurance Companies that allow a temporary suspension of liability coverage on a car , this can be a good way to manage insurance costs on seasonal vehicles . Where this is available , you just need to talk to your Insurance Professional who will provide you with a suspension request form identifying the car . Once you sign this request , the coverage may be temporarily suspended without if affecting your registration


Input: What Happens When You Have No Health Insurance?

Output: What happens when you have no health insurance ? Well for now , nothing . 2014 a possible fine depending on your situation . But also , you 're deciding to self insure your risk with the hope you 'll never have a problem . If you use medical care as a self insured person , you will be asked to pay for your health care .


Input: What Happens When You Have No Health Insurance?

Output: In 2014 due to the Healthcare Reform Bill , you may be penalized . However right now nothing will happen . Here 's a scenario for you since you do not have health insurance and are considered a self pay/self insured . Let 's say that you decide to go to the Doctor because you are sick or injured , your doctor 's office will more than likely work with you by giving you a discount or negotiated rate.On the other hand , ifyou went to the emergency room/hospital due to sickness or injury , depending upon if the hospital is private or not , will be determined whether or not you are taken care of or sent away to a county hospital . All hospitalsarerequired to assess your health to determine your sickness/injury severity.If the hospital you went to decided to work with you , you will be charged a lot more money than a person that already has insurance . In addition , the individuals that have health insurance are taken care of first before those that do not have any insurance . The exception to the rule is if you are in need of a life saving event i.e. heart attack , stroke , accident etc. . This is the main reason why having health insurance is very important . Hopefully this answers your question more thoroughly .


Input: Does Life Insurance Go Into Probate?

Output: Not usually . As long as the policy has a named beneficiary who is alive when the insured dies the proceeds will normally skip the probate process . If there are no living beneficiaries when the insured dies , then the proceeds are paid to the insured 's estate at which time the funds would need to go through the probate process in order to be distributed to heirs . Keep in mind that proceeds paid to a deceased beneficiary could end up in that beneficiary 's estate and would need to go through the probate process in order for that beneficiary 's heirs to receive the proceeds .


Input: Does Life Insurance Go Into Probate?

Output: life insurance proceeds are payable to an insureds estate , is their value includable in the insureds estate - The entire value of the proceeds must be included in the insureds gross estate even if the insured possessed no incident of ownership in the policy , and paid none of the premiums . -LSB- 1 -RSB- But proceeds payable to an executor in his or her individual capacity rather than as executor for the insureds estate were not treated as payable to the insureds estate by the Tax Court . -LSB- 2 -RSB- -LSB- 1 -RSB- . IRC Sec . 2042 -LRB- 1 -RRB- ; Est. of Bromley v. Comm. , 16 BTA 1322 -LRB- 1929 -RRB- . -LSB- 2 -RSB- . Est. of Friedberg v. Comm. , TC Memo 1992-310 . When are life insurance proceeds that are payable to a beneficiary other than the insureds estate includable in the insureds estate ? Proceeds are includable in an insureds gross estate if the insured legally possessed and could legally exercise any incidents of ownership at the time of the insureds death . It does not matter that the insured did not have possession of the policy and therefore was unable to exercise his or her ownership rights at the time of his or her death , -LSB- 1 -RSB- or that the insured was unable as a practical matter to effect any change in the policy because the policy was collaterally assigned . -LSB- 2 -RSB- The proceeds are includable even if the insured can not exercise his or her ownership rights alone , but only in conjunction with another person . -LSB- 3 -RSB- It has been held that an insured did not possess incidents of ownership where the insured had paid no premiums , did not regard the policy as the insureds own , and had made an irrevocable designation of beneficiary and mode of payment of proceeds . -LSB- 4 -RSB- But even if the proceeds are payable to a beneficiary other than the insureds estate , and the insured possesses no incidents of ownership in the policy , the proceeds are nevertheless includable in the insureds gross estate if they are receivable for the benefit of the insureds estate . Even though the insured retains no incidents of ownership in the policy , the proceeds may be includable in the insureds estate if the insured has transferred the policy within three years before the insureds death . -LSB- 1 -RSB- . Comm . v. Est. of Noel , 380 U.S. 678 -LRB- 1965 -RRB- . -LSB- 2 -RSB- . Est. of Goodwyn v. Comm. , TC Memo 1973-153 . -LSB- 3 -RSB- . IRC Sec . 2042 -LRB- 2 -RRB- ; Goldsteins Est. v. U.S. , 122 F. Supp . 677 -LRB- Ct. . Cl . 1954 -RRB- . -LSB- 4 -RSB- . Morton v. U.S. , 29 AFTR 2d 72-1531 -LRB- 4th Cir . 1972 -RRB- . Can an insured remove existing life insurance from his or her gross estate by an absolute assignment of the policy ? Yes , assuming the insured lives for at least three years after the assignment , the insured assigns all incidents of ownership , and the assignee is not legally obligated to use the proceeds for the benefit of the insureds estate . -LSB- 1 -RSB- If the form of the assignment reserves any incidents of ownership to the insured , the proceeds may be included in the insureds gross estate despite the insureds clear intention to transfer all ownership rights . -LSB- 2 -RSB- It has been held that where the insured had paid no premiums and had never treated the policy as his or her own , the insureds irrevocable designation of beneficiaries and mode of payment of proceeds was an effective assignment of all of the insureds incidents of ownership in the policy . -LSB- 3 -RSB- The amount of any premiums paid on the assigned policy by the insured may be included to the extent they are paid within three years of death . A reversionary interest in a policy is an incident of ownership if , immediately before the insureds death , the value of the reversionary interest is worth more than five percent of the value of the policy . -LSB- 4 -RSB- The insured will have no such reversionary interest , however , if the policy is purchased and owned by another person , or if the policy is absolutely assigned to another person by the insured . Regulations state that the term reversionary interest does not include the possibility that a person might receive a policy or its proceeds by inheritance from another persons estate , by exercising a surviving spouses statutory right of election , or under some similar right . They also state that , in valuing a reversionary interest , interests held by others that would affect the value must be taken into consideration . For example , a decedent would not have a reversionary interest in a policy worth more than five percent of the policys value , if , immediately before the decedents death , some other person had the unrestricted power to obtain the cash surrender value of the policy ; the value of the reversionary interest would be zero . -LSB- 5 -RSB- An insured was treated as holding a reversionary interest in a policy held in a trusteed buy-sell arrangement where the insured was considered to have transferred the policy to the trust and retained the right to purchase the policy for its cash surrender value upon termination of the buy-sell agreement . -LSB- 6 -RSB- However , a policy held in a trusteed buy-sell arrangement would not be includable in an insureds estate under IRC Section 2042 where -LRB- 1 -RRB- proceeds would be received by a partners estate only in exchange for purchase of the partners stock , and -LRB- 2 -RRB- all incidents of ownership would be held by the trustee of the irrevocable life insurance trust . -LSB- 7 -RSB- -LSB- 1 -RSB- . Treas. Regs . 20.2042-1 -LRB- b -RRB- -LRB- 1 -RRB- , 20.2042-1 -LRB- c -RRB- -LRB- 1 -RRB- ; Lamade v. Brownell , 245 F. Supp . 691 -LRB- M.D. Pa. 1965 -RRB- . -LSB- 2 -RSB- . Est. of Piggott v. Comm. , 340 F. 2d 829 -LRB- 6th Cir . 1965 -RRB- . -LSB- 3 -RSB- . Morton v. U.S. , 29 AFTR 2d 72-1531 -LRB- 4th Cir . 1972 -RRB- . -LSB- 4 -RSB- . IRC Sec . 2042 -LRB- 2 -RRB- . -LSB- 5 -RSB- . Treas. Reg . 20.2042-1 -LRB- c -RRB- -LRB- 3 -RRB- . -LSB- 6 -RSB- . TAM 9349002 . -LSB- 7 -RSB- . Let . Rul . 9511009 .


Input: Does Life Insurance Go Into Probate?

Output: Life insurance does not go into probate if the beneficiary is a person , trust or entity other than the estate . If the beneficiary is the estate , if all beneficiaries are deceased , or if there is no beneficiary named on the policy , the insurance proceeds will be paid to probate court , where fees will be deducted . Life insurance with a designated beneficiary avoids all that .


Input: Does Life Insurance Go Into Probate?

Output: Life insurance proceeds can avoid probate . Having a named beneficiary rather than the estate of the insured allows the property to pass by contract directly to heirs without the need for probate . Its effect generally supersedes anything that a will or trust might say . If there is no beneficiary , the proceeds default to the estate which results in probate . It is also a good idea to consider naming at least one contingent -LRB- backup -RRB- beneficiary and have the insurer confirm the identity of all beneficiaries at least every three years . Clients are often surprised to find they have existing policies with beneficiaries who are deceased which means the estate would get the proceeds and be subjected to probate .


Input: Does Life Insurance Go Into Probate?

Output: One of the benefits of Life Insurance is that it can help a family plan to bypass probate . A properly structured policy with a correct beneficiary designation to a person or entity that is not the deceased 's estate will bypass probate . Many families are happy to hear this and use Life Insurance to control how and where their legacy is transferred without the work probate entails . Jerry made a great point above about reviewing beneficiary designations on a regular basis . -LRB- Especially on older policies - or other accounts that have beneficiary designations , like IRA 's and 401 -LRB- k -RRB- s -RRB- . Beneficiaries can be updated and changed to help maintain the benefit of bypassing probate .


Input: Where Is The Best Place To Rollover A 401K?

Output: If I had a 401 -LRB- k -RRB- that I wanted to roll-over , I would seek the assistance of a licensed insurance agent that specialized in retirement income planning . This agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . There are some pitfalls in the process so an experienced agent should be able to guide you safely through .


Input: How Can I Get My Car Insurance Down?

Output: If you 're auto insurance is just too expensive for you to afford , there are some things you can do to help ease that burden . You may not like some of my advice , but it 's the right advice . A very large part of your insurance premium is the physical damage to the car itself . Raising deductibles will lower your premiums somewhat . Ask yourself if you really need to cover the physical damage at all . If it 's an older car and you own it outright , this could be an option . Before you do this , however , understand that , if your car is damaged , the insurance company will not pay to fix it . One thing not to do is to lower your bodily injury liability limits . You wo n't save very much and you 'll be putting everything you own at risk , including your income . Here 's the advice you may not like : Perhaps you have too nice a car for your budget . If that 's the case , get a less expensive car . Then , when your finances -LRB- or your driving record -RRB- allow , you can always get a nicer car . Talk to an agent you can trust . They can give you advice on these questions as well as others . It also helps if you check rates on a car before you buy it . Everyone loves getting a new car . You just do n't want an unpleasant surprise when your insurance bill comes .


Input: How Can I Get My Car Insurance Down?

Output: Managingauto insurance premiums can be done by working with your insurance professional . There are two primary elements of a car policy - the Physical Damage part -LRB- Comprehensive and Collision -RRB- and the Liability part . Check the value of your car . NADA or Kelley Blue Book are great sources . If the deductible , and the annual premium that you are paying , when combined , are disproportionally high to the value of your car , perhaps it is time to consider removing at least Collision . Of course , you also have to ask yourself if you have the financial where with all to replace that car if `` totaled '' . Liability protection is there to cover your financial exposure - income , home value , net worth etc. . You can always adjust the coverage to meet your needs , but remember that the situation may call for an increase in coverage rather than a decrease . Regularly review your particular situation with your insurance professional .


Input: How Can I Get My Car Insurance Down?

Output: If you really are interested in driving down the cost of insurance I recommend that you raise your liability limits , reduce the deductibles to the minimum amount and maintain an impeccable alcohol free driving record . When you have an accident you will realize how much you have saved because your policy will take care of you and not leave you looking at bills , lawsuits and unrepaired vehicle damage .


Input: How Can I Get My Car Insurance Down?

Output: Auto insurance should be there to cover your financial needs for an accident . The most expensive insurance you can buy is buying down you deductible . I usually recommend higher collision deductibles in order to adequately insure your liability risks . I would be happy to discuss with you over the telephone or in person . Keith Prim Dallas -214 -435 -0791


Input: Does Health Insurance Cover HGH Therapy?

Output: Yes , but only in cases of medical necessity and you should check the policy terms and prescription formulary for any medical plan you are considering enrolling in if you or a covered dependent will have a need for this type of treatment . Generally dificiencies of the pituitary gland that can lead to conditions such as dwarfism are the among the most common reasons for approval of Human Growth Hormone . It 's use for purpose 's deemed cosmetic are not approved . For example , a child is unlikely to be physically harmed if they only grow to be 5 feet tall . So , wanting him to have a chance at being the starting forward on his basketball team is not going to meet the criteria for medial necessity . Human Growth Hormone is increasingly being marketed by private medical clinics as a means of addressing the effects of aging . Without addressing the scientific evidence for such claims , I will just say that insurance carriers generally view such treatments as cosmetic as well and do not cover them . There are legitimate medical conditions where older persons may require administration of HGH but keeping your `` youthful '' glow and that spring in your step are n't part of them .


Input: How Much Is Home Insurance In Georgia?

Output: Hi there , Thanks for your question . It all depends on several things . Such as the value of the home , if any claims have been placed , the location for the protection class and the clients insurance score . We are an independent agency so we are able to shop your home insurance with several companies . Visit our website to request a free quote , or call us ! www.perezinsuranceprofessionals.com or 678-228-1668 . Thank you .


Input: How Much Is Home Insurance In Georgia?

Output: Give me a call if we can assist you . Price is not usually the issue with several of our customers . They are competitively priced , but because of several years of storms we have an availability squeeze right now . If you have roof leas then 10 years of age , you can readily get insurance . If not , then higher deductibles are the norm , or using an Actual cash value endorsement on your roof . I have just quoted an individual for a 700,000 house & the premiums ran about $ 3,000 . So pricing is matching exposure fairly well . Another recent home was placed at 565,000 at about $ 1,300 . It depends some on the value and what ancillary coverages you choose like Dwelling Extension coverage , water sewer back up , home warranty , etc.We are available 8 AM to 8 PM EST in GA. call 1866-633-4372 and on Saturdays the phone is forwarded to my cell or if you prefer visit our website at www.insurancebrowser.com and fill in a form your self with option 2 . We 'll be gad to assist you throughout the sate of GA. .


Input: Who Rates Annuities?

Output: Annuities are rated by independent financial rating companies . These companies specialize in evaluating and assigning a rating to different types of Financial Companies & Issuers . The main companies that do this are Standard & Poors -LRB- S&P -RRB- , Moodys , Fitch , A.M. Best , Weiss , & Comdex . It is important to know that each company has it 's own rating scale . And rating scales can also differ depending on which type of financial company is being evaluated . S&P has the easiest to understand rating scale ; AAA , AA + , AA , AA - , A + , A , A - , BBB , BB + , BB , BB - , B + , B , B - then the same for C then D and then F is default .


Input: What Is Medicare PPS?

Output: A Prospective Payment System -LRB- PPS -RRB- is a method of reimbursement to Medicare providers that is intended to motivate them to provide patient care efficiently and effectively without spending on unnecessary services . Providers are paid a predetermined , fixed amount for a certain length of hospital stay based on a unique assessment classification of each patient . It applied only to Part A inpatients -LRB- except for HMOs and home health agencies -RRB- .


Input: Which Life Insurance Should I Buy?

Output: Product suitability is always a consideration when considering product lines that have such diverse application . Life insurance is generally purchased for indemnification or inheritance planning , but can be used as supplemental retirement income . Term life insurance is an excellent for temporary coverage for temporary financial exposure to your beneficiaries . For permanent liabilities , many planners use guaranteed universal life insurance . For supplemental retirement income there are several crediting methods : for interest rate crediting you can use participating whole life or current assumption universal life . If you desire access to domestic and/or foreign indices , you should review indexed universal life insurance . If your risk tolerance permits , you could consider variable universal life with access to separate sub accounts that use marker equities and bond instruments .


Input: Which Life Insurance Should I Buy?

Output: There are three basic types of life insurance . Whole Life , Term , and Universal Life . Whole Life is for permanent needs such as final expenses or to provide a legacy to your family or charity . Term insurance is for temporary needs such as to cover a mortgage or debt . Universal life is a hybrid of term insurance with a buit in cash fund . They type of life insurance you need depends onyour individual situation . Sit down with a good local independent agent who will help you put together an affordable plan based on yor needs and goals .


Input: Is Cancer Insurance A Good Deal?

Output: Cancer insurance is a very good deal when you need it . Like most other forms of insurance people will complain because they feel they are `` paying for nothing '' and say they never use the plan . This is actually a good thing . If you are receiving a direct benefit from a cancer plan this means your health is n't so good .


Input: Does My Auto Insurance Cover Driving A Borrowed Car?

Output: Car insurance always follows the vehicle so the owner 's policy would be primary however you 're car insurance may come into play if the limits on owner 's policy are reached . For example , the owner 's policy provides coverage up to $ 100,000 per person and the person you hit has medical bills of $ 250,000 . The owner 's policy would pay $ 100,000 and then your car insurance would kick in and pay the difference up to your limit . If you do n't have enough coverage to pay the full medical bill the rest of the money comes directly from you . This is why it is very important to talk to an independent agent and make sure you have the proper coverage .


Input: Can I Decline Medicare Part B?

Output: Yes , you can decline Medicare Part B . You will automatically be enrolled in Medicare Part B when you turn 65 if you are receiving Social Security benefits at that age . The packet will include a form that you can return to say that you are declining taking Part B Medicare .


Input: Is It Worth It To Have Renters Insurance?

Output: For as little as $ 10 a month , you can insure up to $ 25,000 worth of personal property . In addition , you will have liability coverage to pay for any damage that is caused to other individuals because of your negligence . The real question is `` Is it worth it NOT to have Renters Insurance ? ''


Input: What Does Homeowners Insurance Cover In A Fire?

Output: It depends on your policy but it should cover almost anything that was damaged . If your entire house burned down they should give you the replacement cost of the house listed on the policy , your personal property amount that is listed on the policy to replace your stuff , and pay out your loss of use which pays for you to live somewhere else while your house is being fixed . Hope this helps !


Input: I'm Forced To Take RMD's At My Age, But I Would Like To Just Leave This Money To My Kids. Any Suggestions?

Output: If you 're healthy -LRB- and even better if you 're married and your spouse is also healthy -RRB- you can leverage your RMDs -LRB- required minimum distributions -RRB- to purchase life insurance , that if set up correctly , can distribute a tax free lump sum that can be split among your beneficiaries . You could consider taking more distributions than your RMDs and do the same for your grandchildren .


Input: What Insurance Do I Need To Lease A Car?

Output: Auto Lease agreements include a requirement that you provide proof of auto insurance for that vehicle and yourself . The policy will need to include Physical Damage coverage for the car covering for losses that are due to accidents -LRB- collision -RRB- as well as any other loss -LRB- comprehensive -RRB- . It may be possible that the maximum deductible allowed is $ 500.00 . You will also need to have Liability insurance and usually at a limit of $ 100,000 per person , $ 300,000 per occurence for Bodily Injury and $ 50,000 for Property Damage . Finally , the policy must name the leasing company as lessor and loss payee .


Input: What Insurance Do I Need To Lease A Car?

Output: Your relationship to the leasing company is the same as if you were financing the car . Both the finance company and the leasing company will require that you carry liability insurance and physical damage insurance . The combination is frequently called , full-coverage . The leasing company is most concerned about the physical damage coverage . The car is actually theirs . They want you to return it in good condition . They dont want you to stop paying the lease because the car was damaged in an accident .


Input: How Much Is Homeowners Insurance Each Month?

Output: Homeowners Insurance is written on a 12 month term -LRB- annual -RRB- ; most insurance carriers offer monthly payments which may or may not be loaded with a billing service charge for the monthly payment option . You must first obtain an insurance quote from an agent or broker serving your area . Rates vary based on the risk ; size of home , reconstruction value , limits of liability , deductible , prior claims experience , etc. . . For a premium quote in CA , AZ or NV , you may follow this link : WEBSITELINK Alternatively or for other States , you may search for a local agent , answer some questions and obtain a quote .


Input: How Does Sleep Apnea Affect Life Insurance?

Output: Sleep apnea can affect life insurance ratings on premiums . The severity of the sleep apnea can effect coverage from a standard issue to a decline for coverage . The underwriters are more concerned with the symptoms associated with the sleep apnea . If it is causing high blood pressure , insomnia , depression , etc. and not controlled most carriers would decline . If it is controlled surgically or with a Cpap machine the rating would be minimal .


Input: How Does Sleep Apnea Affect Life Insurance?

Output: If sleep apnea is mild and controlled , it has little effect on life insurance rates with some companies . If it is severe and there are still symptoms of sleep apnea -LRB- daytime sleepiness , high blood pressure , etc -RRB- , then life insurance with a medical underwritten policy may not be attainable . In that case there are simplified issue policies that would work . Most sleep apnea cases fall somewhere in between . If a follow up sleep study has been done , use of Cpap or other treatment is consistent , and symptoms of sleep apnea are resolved , the person with sleep apnea can get traditional life insurance at moderate rates .


Input: What To Ask When Getting Renters Insurance?

Output: First , ask yourself about the value of your personal belongings . That includes your clothing , furnishings , kitchen tools , electronics etc. . Some things are obviously more valuable than others , but develop an inventory and assign a value that is fair . Next , determine what your financial exposure may be . What is your salary or compensation package at work worth ? Do you have money in the bank , or in mutual funds ? Do you have a retirement plan of some sort ? This will give you a road map to the amount of Liability protection you need . Finally , discuss this with your Insurance Proessional and be sure to ask about coverage options and policy limitations and do n't forget to ask aboutavailable discounts for `` bundling '' your coverage .


Input: How Much Will Car Insurance Cost After A Dwi?

Output: Your car insurance will increase after a DWI . How much ? The increase in rates will vary , depending on the company you are insured with , other drivers on the policy , the vehicles on the policy and existing discounts you are receiving . A rough estimate could be an increase of approximately 20 % -50 % , but with many insureds , the increases could be larger or smaller .


Input: Does The Beneficiary Of A Life Insurance Policy Have To Pay Taxes?

Output: The beneficiary of a life insurance policy normally does not have to pay income taxes on the life insurance proceeds he/she received . If the amount of the estate with life insurance is over the limit -LRB- $ 5,250,000 in 2013 -RRB- , estate taxes need to be paid on the excess over that amount .


Input: Does The Beneficiary Of A Life Insurance Policy Have To Pay Taxes?

Output: There are two types of taxes to consider . The beneficiary can receive the death benefit free of income tax . The amount of the benefit might be included in the computation for estate tax . The benefit can be taken in installments , or a lifetime income in which cases the interest earned after the death are subject to ordinary income tax .


Input: Does The Beneficiary Of A Life Insurance Policy Have To Pay Taxes?

Output: There are a few exceptions , but the beneficiaries of a life insurance policy receive the death benefit proceeds tax free 30 to 60 days after the required documentation is received and processed . To circumvent taxation for large estates an Irrevocable Life Insurance Trusts can own the policy and distribute the death benefit proceeds to the trust beneficiaries tax free .


Input: Does The Beneficiary Of A Life Insurance Policy Have To Pay Taxes?

Output: For personally-owned policies , life insurance death benefits paid in a lump sum to the beneficiary are received income tax free - a unique and important benefit . If the beneficiary is a business and that business owned the policy , the business is generally not subject to the regular corporate federal income tax on the death proceeds provided special requirements are satisfied for policies issued or materially modified since August 17 , 2006 -RRB- .


Input: Where To Find Low Cost Health Insurance?

Output: The first way to find low cost health insurance is by logging into your state health insurance exchange . You can choose between five plan designs . The catastrophic and bronze levels plans often have the lowest premium costs , but also have higher out-of-pocket costs if you utilize the plans . Always start with your state exchange to take advantage of income based subsidies . You may qualify for assistance to pay your premiums , and cover more of your out-of-pocket expenses . If you do not qualify for income based assistance you may find other options off the exchange . Speak with a licensed agent .