Input: Does Renters Insurance Cover Tornado?

Output: Renter 's insurance does cover damages caused by a tornado or high winds . Your personal property will be covered up to the specified limits on your policy . You may also have replacement cost coverage which will replace your items lost brand new -LRB- subject to limitations -RRB- . Typically , renter 's insurance rates are low .


Input: Does Renters Insurance Cover Tornado?

Output: Yes , your personal property would be covered if it incurred tornado or wind damage . If you live in a tornado prone area I recommend keeping receipts , pictures and an inventory of your personal property somewhere off location , perhaps a friend or relatives house . That way if you incur a total loss you will be able to prove what belongings you had and it refreshes your memory when filing your claim .


Input: How Much Is Life Insurance For A Month?

Output: The cost of life insurance is depend on whether you purchase term or permanent life insurance and a battery of variables like gender , age , smoking status , health history , current medical condition . It also incorporates your motor vehicle violations , your vocation or recreational to determine if theyre hazardous . A nonsmoking super preferred male with $ 100,000 of coverage on a ten year term life insurance policy may pay $ 10 - $ 12 if the company allows monthly payments at that level .


Input: Can I Pay Long-Term Care Insurance With Hsa?

Output: Health Savings Accounts -LRB- HSAs -RRB- are used with those enrolled in high deductible health plans to pay medical expenses . Referring to eligible medical expenses in IRS Publication 502 , `` You can include in medical expenses amounts paid for qualified long-term care services and premiums paid for qualified long-term care insurance contracts . ''


Input: Can I Get Life Insurance If I Have Kidney Disease?

Output: To add to both I would suggest by passing the underwriting all together and go for a Group Policy that I offer to individuals through a membership . You must be working 30 hours or more per week , and live in the USA and it is available in all but 4 states . You can have up to $ 100,000 and it is only graded for one year and to give you an idea of the cost for a 49 year old it would be $ 88.55 per month for $ 100,000 in coverage . Contact me for more information .


Input: Can I Get Life Insurance If I Have Kidney Disease?

Output: Can you get life insurance with Kidney Disease ? Well what kind of kidney disease is it ? How long have you had it ? How is it treated ? and so on ... You need to find an agent who can take your information -LRB- much more information is needed before a real quote can be generated -RRB- and submit it for pre underwriting review . This usually takes 2 or 3 weeks , but gives you a great idea of cost and availability of plans for you . You should not be obligated to buy , but you should be willing to provide the information for an honest review . You might not get back what you want to hear , but it will be an honest answer to your situation .


Input: Can I Get Life Insurance If I Have Kidney Disease?

Output: Yes , you can get life insurance if you have kidney disease , but the type of policy you get will depend on what stage of kidney disease you have . If it is over stage 1 , you most likely will need to get a simplified issue or guaranteed issue policy , which will have a limit on the face amount .


Input: Can I Get Life Insurance If I Have Kidney Disease?

Output: Adding to Peggy , s answer , you should be given a questionnaire specifically asking about the kidney disease . The more information you provide , the more accurate a quote can be given . The questionnaire will be passed onto the underwriter of the company you wish to apply . Request this to be passed onto several companies as some companies work better with individuals who have a medical background .


Input: What Is A Qualified Life Insurance Plan?

Output: Qualified plans are a sanctioned government retirement plan with tax deductible contributions , tax deferred accumulation and taxable distribution including basis . An example of this would be the ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- Some plans allow employers to match employee contributions . There are several qualified plans available for individuals as well as employer sponsored like 401 -LRB- k -RRB- s , 403 -LRB- b -RRB- s , 412 -LRB- e -RRB- , SEP IRAs , IRAs , etc. .


Input: Why Is Home Insurance Mandatory?

Output: Homeowners insurance is mandatory because the house is thecollateral on the debt that you owe the lender . If you did n't pay your mortgage then the bank has the right to foreclose on your property and sell it to recoup the money that they lent you . The lender protects their collateral by being listed on your homeowner policy as `` Loss Payee '' . -LRB- The one paid when a loss happens -RRB- . If their collateral -LRB- your home -RRB- burns up in a fire , and then someone stops paying their mortgage , they would have no asset and no mortgage payments coming in . Item of note : If you decide that you do n't want to have homeowners coverage on the home , the lender can add insurance -LRB- that only protects their interest in the home -RRB- and make you , the homeowner/mortgagee , pay for it on top of their mortgage payment . It is one of the many clauses that you initialed when you signed your mortgage agreement .


Input: Can You Get Disability Insurance After Age 65?

Output: Most tradition disability contracts end at age 65 . However , the are specialty insurance companies that offer niche products to those over age 65 . The most notable is Lloyd 's of London . Lloyd 's has been indemnifying all types risk for over 300 years in the early days of English merchant ships .


Input: Can I Get Car Insurance With An Out Of State License?

Output: Yes , you probably can , but it would be a good idea to talk to your Insurance Professional about the laws in your new home state . Many states and insurance companies will allow you to obtain car insurance with an out of state license . It will more than likely be required by your new state 's DMV in order to register your cars . However , there will more than likly be a time limit during which time you should obtain a new license in the state you are nor residing .


Input: Can I Get Car Insurance With An Out Of State License?

Output: Yes you can obtain auto insurance with an out of state license . Ultimately you will have to change the license if you are going to reside in a different state then you are licensed in but this does not stop you from obtaining insurance . Call a local independent agent for assistance .


Input: How To Claim Critical Illness Insurance?

Output: Filing a claim for Critical Illness Insurance should be a relatively simple process although every company that offers Critical Illness Ins . will have a specific form that will need to be filed . That form will include the reason for the claim , when it occurred , the place and additional detail . A qualified doctor will need to certify the diagnosis as well . For example : a first diagnosis heart attach . Was the muscle damaged -LRB- the definition of a heart attack -RRB- , what percentage of damage , what part of the heart . Once verified , the benefit in the form of a check will be cut . Depending on the policy , the coverage/policy may drop at that point . There is one company which will continue coverage for the other conditions so do your homework before purchasing such a policy .


Input: Is Medicare Public Or Private?

Output: That is a great question ! I guess the best way to answer it is you say pota-toe , they say pota-tah . Technically , Medicare is public , because it is administered by the Federal Government . But ... they use private insurers to run it . The best way to describe it is that it 's like the way your employer runs their insurance program - it 's public , because it 's offered to all employees and they pay for some of it , but the plans are offered through a private insurance company . The confusion for the public vs. private debate was an attempt by debating politicians to generate confusion , and make things difficult . Since that seems to be what we pay them to do , they were just really doing a good job ! I hope that this helps a little at simplifying the answer for you . If you would like to try to clear this up a little more , please feel free to contact me , I love a challenge ! -LRB- And who better to challenge us than a bunch of politicians ? -RRB- Thanks for asking !


Input: Does HPV Affect Life Insurance Rates?

Output: HPV does not affect life insurance rates as long as the proper testing has been done bycolcoscopy and the last PAP smear was normal . HPV normally goes away within 24 months , so you may just need to wait a while to get the very best rates . In the meantime , you can certainly get life insurance , even if paying a bit more .


Input: How Much Does Medicare Cover For Mri?

Output: Generally speaking , Medicare covers 80 percent of any service that is deemed `` medically necessary '' by your doctor or hospital . If you just have Medicare Part A and Medicare Part B you will be responsible for the $ 147.00 Part B deductible and the 20 % co-insurance , if your MRI is done outpatient . If you have a Medicare Advantage plan the amount you are responsible for could be much less . The same is true if you have a Medicare Supplement/Medigap plan . You can contact us to get more detailed information .


Input: Why Are Fixed Index Annuities Bad?

Output: The history of fixed annuity rates generally outperform bank certificates of deposit and unlike certificates of deposits , accumulate tax deferred . Tax deferred annuities are for conservative investors looking for better crediting interest rates and/or have high tax brackets . Others like the option at distributions to take lifetime income you ca n't outlive .


Input: Why Are Fixed Index Annuities Bad?

Output: They arent . A fixed annuity is merely a plan that has been developed . It might be perfect for your situation or might not fit at all . There isnt any investment risk in a fixed annuity . That suits many . There is an inflation risk which could concern some ; however , that hasnt been a big issue recently . The benefit is that the earnings of the annuity are tax deferred which allows them to grow faster than if you were paying taxes on the earnings . Ultimately , they can provide you with a guaranteed income that you can not outlive .


Input: Does Health Insurance Cover Shingles Vaccine?

Output: In Virginia Shingles vaccinations are covered by Medicare Part D Rx coverage , with or without a copay depending on the plan . For those on an employer group plan or individual plans , some carriers will cover the immunization under Preventive Care with a minimum age limit -- starting at 50 in some cases , 60-65 in others . You should check with your insurance company or benefits manager . Benefits under Preventive Care are provided with no copay or coinsurance .


Input: Does Health Insurance Cover Shingles Vaccine?

Output: Yes . In fact , under the preventive care requirements of the Affordable Care Act -LRB- ObamaCare -RRB- vaccination against Herpes Zoster -LRB- the fancy name for shingles -RRB- is required to be covered at 100 % . So , unless you are covered under some old , grandfathered health plan -LRB- of which there are n't a whole lot left -RRB- that excluded coverage for this vaccination you should be good to go . But any newer health insurance plan that is compliant with the Affordable Care Act since its passage in 2010 should cover this vaccination . While my focus is on the under age-65 health insurance marketplace , my understanding is that Medicare coverage for this vaccination may be a different proposition . So , if the questioner is in the Medicare arena you will want to inquire further about this issue .


Input: Is IVIG Covered Under Medicare?

Output: Medicare does cover IVIG -LRB- Intravenous Immune Globulin -RRB- under Medicare Part B. However , while Part B will pay for the IVIG itself , it does not pay for other items and services related to the persons getting the IVIG in their homes , thus making the cost prohibitive for many patients . However , the IVIG Access Act signed into law in Jan of 2013 allows for all the costs of IVIG to be covered by Medicare within one year of signing .


Input: Can Health Insurance Premiums Be Paid With An HSA Account?

Output: Health Insurance Premiums generally can not be paid for with funds from a HSA . The situations where Health Insurance premiums can be paid by a qualified distributions from a HSA is when an individual is over age 65 and paying for Medicare , when an individual is being covered by COBRA health care continuation coverage , and health care coverage while an individual is recieving unemployment compensation . That being said , one should try to avoid using their HSA for such purposes unless absolutely necessary . Your HSA is earning compound interest on the funds in your account , and at age 65 you will be able to start recieving distributions from the account in almost the exact manner as if it were an IRA . Given the benefits of having a duel health care expense/retirement fund that has a `` healthy '' ballance , one should try to minimize unnecessary distributions .


Input: Is It Bad To File A Homeowners Insurance Claim?

Output: You buy home owners insurance for a reason to protect you from a catastrophe . That being said , after filing a claim on your home owners insurance policy , they may raise your rates or even decide that they -LRB- the carrier -RRB- no longer want the risk . Personally I would cover out of pocket stuff like some shingles blowing off , or minor stuff , that way there is n't any frivolous claims that you may end up paying for in the future .


Input: How Can We Find Out What Insurance Company Insurances My Neighbor's House?

Output: To the best of my knowledge there is not any public availablility of insurance coverages or carriers that a person or company may use for their coverage . About the only way to get that information would be to contact your neighbors and ask them for it . Laws vary from state to state , but many of the laws currently in place prevent insurance agents and carriers from providing any coverage or personal information to anyone but authorized parties .


Input: Can I combine auto policies with my fiance as "domestic partners" in Florida?

Output: Obviously not sure how every carrier handles this in our State but one of the largest National Carriers in Florida does have a feature that addresses this situation . When a couple lives together in a marital type relationship , they can get the advantage of a married rate . It is not really a discount by definition but can result in paying less premium through the rating process . Also , with regard to the National Carrier Florida auto policy referenced here , the couple does not have to change the vehicle titles names . You need to consult with a local independent insurance agency . They will be able to tell you how this is handled by each carrier they represent .


Input: Is Critical Illness Insurance Worth The Money?

Output: Critical Illness insurance is worth the money , if you consider the peace of mind you receive by having coverage . Premiums are typically very affordable and these types of plans are very popular . A full-time experienced broker can review the best plans with you and determine if purchasing a policy is suitable .


Input: What Is Group Disability Income Insurance?

Output: Group Disability Income Insurance is a policy that would pay you cash -LRB- normally about half of your regular salary -RRB- if you were to become disabled as the result of injury or illness . If you are offered Group Disability Income Insurance as a part of your benefit package , it is a valuable benefit that you should take advantage of if you can .


Input: What Does Aflac Cancer Insurance Pay?

Output: What does AFLAC ' c Cancer policy pay ? I can only give you a general idea as each policy pays out different amounts , depending on the level of coverage you purchase . With that said , AFLACs Cancer policies usually pay for : Cancer tests such as Mammographies cervical screening colonoscopies , daily hospital benefit for room and board , some cancer drugs , cancer surgical benefits , anesthesiologist , daily doctor visits while you are in the hospital , blood , plasma , radiation therapy , chemotherapy , reconstruction after surgery , daily visits to the hospital by the patients doctor , benefits for travel to a cancer center including hotel , airfare , gas for your car to get there , ambulance benefits . These are some of the main coverages , but remember that there either annual or lifetime limits as to how much AFLAC will pay , it all depends on your policy .


Input: Who Sells The Cheapest Auto Insurance?

Output: There are many carriers out there all can be quite `` Cheap '' But be careful when shopping for rates cheap does n't always mean you have the proper coverage . Also depends on what type of coverage you are looking for . When shopping online there are times that the rate is fantastic then you find out that they are not even allowed to sell insurance in your state . you also have to think about in the event of a claim can they be reached and you talk to someone local ? Buyer beware make you are covered properly like the old saying goes if it is to good to be true then most likely that is the case . However I do have some carries that I have a client in that has full coverage on a car and only $ 143 for 6 months of coverage with low deductible now that is cheap but her coverage is not . So the key is making sure you know what you are purchasing before you put the money out . A Local agent or the States insurance commissioners office can assist you in finding what you are looking for


Input: How To Avoid Paying Medicare Levy?

Output: There are 2 types of Medicare levy 's on the beneficiary that can apply . One is the LEP -LRB- late enrollment penalty -RRB- that applies if you fail to enroll in Medicare on a timely basis . The LEP is 10 % per year . The other is a penalty surcharge tax on high income earners earning over $ 85,000 or couples earning over $ 170,00


Input: Will Annuity Rates Continue To Fall?

Output: Annuity companies are required to invest the majority of their portfolios in bonds . They do have flexibility to invest in bonds that are rated high or low . If a high-grade bond is AAA rated , it will provide a lower return to the annuity company . If the annuity company is willing to invest in lower rated bonds , the return will be high because of the increased risk . Annuity companies also have the flexibility to invest in bonds with different maturity schedules . This can have an impact on your annuity renewal rate based on when you purchased your annuity and the timing as the bond market moves up and down over time . Annuity rates have recently dropped and while nobody has a crystal ball to know exactly where rates are going , here 's an approach you can think about and see if it addresses your concern . You can use what is called a `` ladder '' approach . Take the total amount of what you intend to put into an annuity and split it into 3 or 4 pieces . Purchase one annuity now with 1/3 or 1/4 of your total amount . Wait one or two years and do the same with the next 1/3 or 1/4 . Using this strategy can be effective during a time when annuity rates will be climbing . Of course , if annuity rates drop , it can work the other way . Remember , you always have the option not to purchase a 2nd or 3rd annuity if the interest rates are not to your liking . Using the laddered approach does leave the question as to what you do with the remaining funds during your `` wait and see '' time . That lost time can be a drawback if you 're just going to let your money sit in a bank CD which typically earns only a fraction of what an annuity can provide . Speak with a qualified retirement income professional that can look at your particular situation and help determine the best course of action for you .


Input: Will Annuity Rates Continue To Fall?

Output: The value of annuities is tied to the federal management of the money supply . When the objective of the government is low or no interest , the life insurance companies that write annuities have very little choice because there arent suitable investments available . Incidentally , it is precisely this policy that is creating a dilemma in some pension plans .


Input: Can I Get Life Insurance At 90?

Output: Life insurance is available at age 90 , but it is very expensive and requires moderately good health . There actually are more choices at age 85 -LRB- including some No Exam choices that are available in small face amounts and can be obtained by seniors with controlled health conditions -RRB- . And even more available at age 80 for those who have serious or uncontrolled health problems .


Input: Is Employer Health Insurance Pre-Tax?

Output: Yes ! In fact , deductions for employer sponsored health insurance is the top tax `` expenditure '' in the tax code , representing more lost tax revenue than deductions for IRA / Pension contributions -LRB- 2nd largest -RRB- and deductions for mortgage interest -LRB- 3rd largest -RRB- ; it costs five times more lost revenue than for deductions for charitable donations . Whether the employer pays 100 % of the health insurance premium or just some of the premium , the employer deducts whatever premiums it pays and the employee does not have to recognize the premiums paid on his or her behalf as taxable income .


Input: Where Is Medicare Advantage Available?

Output: Medicare Advantage plans are available by zip code in every state . More Advantage plans are available in metro area 's vs rural . Medicare rules require Advantage plans to have a large sampling of participating doctors and hospitals in an area before they are allowed to offer plans . If there are few Advantage plans in your area , you should consider Medigap plan N as a cost effective alternative . Plan N also has less out of pocket exposure and the ability to use any doctor anywhere in the country .


Input: Does Medicare Cover Upper Endoscopy?

Output: Original Medicare would cover an upper Endoscopy at 80 % of the Medicare allowable amount -LRB- meaning you can only be billed based on the amount Medicare allows for the procedure -RRB- once the Part B deductible of $ 166 has been satisfied for the year . If you have a Medicare supplement , it will cover some or all of the deductible and 20 % based on which sup you have purchased . A Medicare Advantage plan -LRB- Managed Medicare plan -RRB- will have a copay associated with the procedure which varies depending on the company and plan you have . It is usually an Outpatient surgery copay .


Input: Does Medicare Cover Upper Endoscopy?

Output: If original Medicare is your primary insurance while on Medicare , any procedure that is deemed to be medical necessary is covered . And any Supplemental/Medigap plan coverage wouldpay according to the plans coverage once , Medicare pays there portion . If you have an Advantage Plan for your Medicare coverage , I would recommend that you check with your specific insurance provider to determine what your out of pocket expense would be for any procedure .


Input: Will A Claim Affect My Car Insurance?

Output: There are not any guarentees that a claim will or will not affect you auto insurance rates . The carrier is the one that sets their procedures that determine how a claim will affect your rates . Please contact your local agent or your carrier to discuss the effect that a claim may have on your rates .


Input: Can Life Insurance Be Owned By A Trust?

Output: Yes . There are two main life insurance trusts that people use - revocable and irrevocable life insurance trusts . People use life insurance trusts because there are tax advantages that it offers , helps protect the proceeds , and helps you distribute the assets to your children at the least possible cost . An irrevocable life insurance trust -LRB- ILIT -RRB- is a legal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . ILITs receive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed -LRB- think of it like putting the contents in a vault and throwing away the key - it ca n't be opened til the insured dies -RRB- . An ILIT can offer many substantial advantages to protect life insurance proceeds . It can also help you distribute your property to your children at the least possible cost . If you have a taxable estate , you have a choice - pay the tax with your own money or pay only a fraction of the tax and use someone else 's money to pay the rest . If you want to use someone elses money to pay the tax , you can buy a life insurance policy . The type of life insurance policy will depend on the specific circumstances , but is usually a survivorship universal life policy if used for estate tax purposes . The life insurance policy may be secured for pennies on each dollar of tax that you owe . By putting the life insurance policy in an irrevocable trust , the proceeds become available to pay taxes due upon death . A life insurance policy that you purchase will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate . This is a huge tax savings , especially if the proceeds are several million dollars . If you keep the policy outside of the trust , the proceeds will be included in calculating the size of the estate potentially increasing the size of the estate by a big margin , and you may therefore have to pay much higher estate taxes before any of the property can be distributed to your children or other beneficiaries . Please let me know if I can be of further assistance . Thanks very much .


Input: Can Life Insurance Be Owned By A Trust?

Output: Sure can . Youve got some good information from the other folks posting on your question . In addition , get a hold of a good estate planning attorney , and he/she will tell you everything else you need to know . Now let me tell you why I wish no one would ever have to use a trust ! I personally have a huge problem with the estate tax . I really think the government has no right to seize a significant part of a familys wealth . It is not their job to cut rich people down to size and redistribute their wealth . Such a practice is not only unfair to the people who have achieved fame and fortune . It also deprives others of the ambition and incentive to do the same . The idea that there is a fixed amount of money to be made , and opportunities to be pursued , is blatantly wrong . The world could and should sustain millions and millions of people making it big . It is up to human ingenuity and creativity to find ways to do it . Government regulation of wealth restrains his growth . It holds us back . So yes : people with an estate tax exposure should definitely get a trust and preserve as much of their estate as possible for the next generation . Hopefully the day will come soon when nobody has this unnecessary liability . And by the way : I am taking this position as a person who sells a lot of life insurance for estate preservation . I would gladly forgo those sales in favor of a justifiable tax policy . I could still make a lot of money selling life insurance to protect the widows and orphans ; to help business owners get bank loans and fund buy-sell agreements ; and to set up policies on their kids .


Input: Can Life Insurance Be Owned By A Trust?

Output: Yes , a life insurance policy can be owned by a trust . Irrevocable Life Insurance Trusts -LRB- ILIT 's -RRB- are designed to keep life insurance proceeds from being calculated in the value of a large estate , and thus avoid paying estate taxes . The ILIT must be set up at least 3 years before death for tax protection purposes . When an Irrevocable Life Insurance Trust is set up , the person whose estate is being protected can not have any incidences of ownership in the policy .


Input: Why Do I Need Medigap?

Output: Only you can decide if you need a Medigap plan . Original Medicare will only cover about 80 % of your approved Medicare Part A and Part B claims . Deductibles , copay 's and coinsurance can leave you owing several thousand dollars in out of pocket expenses . Medigap plans can protect you from having to pay thousands of dollars in out of pocket expenses should you become seriously ill or have a major accident . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: What Are Tax Annuities?

Output: Non-qualified tax deferred annuities accumulate tax deferred and when distributions are generated the gain in the contract is taxable as ordinary income tax at the effective tax bracket rate of the annuity owner . If the annuity is owned by an artificial entity and not a person the deferral aspect is forfeit and the gain is taxed annually .


Input: Who Must Purchase Health Insurance?

Output: Under the Affordable Care Act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of 2 ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . Its important to note that the penalty will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . To avoid the penalty , you need to have health insurance that qualifies as minimum essential coverage . Please feel free to contact me for help . Thanks very much .


Input: How Much Does State Farm Auto Insurance Cost?

Output: Great Question . While We I can not answer it to the exact cost . It would depends on several facters : type of your car your age your location the type of coverage you like your driving experiance and several other facters The best thing is to call your local insurance broker and him or her shop around for the best price auto policy .


Input: Does Renters Insurance Cover Public Storage?

Output: A renters policy normally provides limited coverage for personal property away from the residence . Most policies set the amount of coverage at ten per cent of the covered amount . If you have a renters policy with $ 50,000 of personal property coverage , $ 5,000 of that property could be located away from the residence and still be covered .


Input: Does Medicare Pay For Cataract Surgery In Wisconsin?

Output: Yes , Medicare does pay for cataract surgery in Wisconsin , and it also pays for one pair of glasses following the surgery . This is covered by Medicare Part B , unless the surgery must be done on an inpatient basis for medical reasons . Then it would be covered by Medicare Part A .


Input: Which Is Better Term Or Permanent Life Insurance?

Output: Term or permanent is not a question of which is better . It 's a question of how long is your financial liability and future obligations . If your age 50 or younger and your mortgage will be paid off within 30 years , term life insurance may be better . If your liabilities are ongoing with future needs well into retirement , then permanent life insurance may be better .


Input: Which Is Better Term Or Permanent Life Insurance?

Output: Term life insurance is better in situations where you need a lot of coverage for a limited period of time , and want to pay the lowest possible premium . Permanent life insurance is better in situations where you need the policy to last a lifetime , where you want to pay off the policy early , or where you want cash value to borrow from .


Input: Can You Work While On Disability Insurance?

Output: Private Disability Insurance plans vary in their restrictions on working while collecting benefits from the policy . Some will stop insurance payments if you work at all . Others will reduce your benefit proportionate to the amount of time you are working . If your policy covers you for your `` own occupation '' you should be able to work at another occupation and not be penalized , as long as you are unable to work at the job you had when you obtained the policy . However , Disability insurance companies are changing the wording on this so that you can be penalized for working at another occupation ; you must read the fine print closely to know for sure .


Input: Is Whole Life Insurance Expensive?

Output: That is a great question ! I guess you need to define expensive . Depending upon your health , amount of coverage wanted , and your age , it certainly can be , or it can be very affordable . It will generally be more affordable than a term policy will be , but much less expensive should you want that term policy extended . I 'd ask you to talk it over with an agent , and get a good idea of what your budget will allow . Thanks for asking !


Input: Is Whole Life Insurance Expensive?

Output: Whole Life insurance usually -LRB- not always -RRB- costs quite a bit more than Term Life . That is because Whole Life lasts your `` whole life '' , whereas Term insurance will end after a number of years . Whole Life also offers features that are not available with Term Life , such as cash value , the ability to have the policy pay the premiums at some point , etc. . So whether someone feels that Whole Life is expensive depends on whether they feel the permanent nature of the policy , and the extra features , are worth it to them .


Input: Is Life Insurance Taxable To The Beneficiary In Illinois?

Output: Life insurance proceeds are not taxed . The proceeds are directed to the named beneficiary . This is also a great option for estate planning . Tangible assets depending on how it 's structured , may be taxed . It 's best to meet with a licensed professional to design a program that can eliminate taxes to be paid . Life insurance can offset any taxes to be paid .


Input: Is Life Insurance Taxable To The Beneficiary In Illinois?

Output: In Illinois , as in every other state , life insurance is not taxable to the beneficiary for income tax . The only portion of life insurance that may be charged income tax is excessive cash value . Estate taxes may need to be paid from the proceeds if there is a very large estate . Otherwise , life insurance proceeds are not usually taxable to the beneficiary in Illinois .


Input: Can I Rollover A Roth 401K To A Roth IRA?

Output: I am not a CPA . The character of the program hasnt changed . I am pretty sure that the money can be rolled into a Roth IRA without difficulty . You should understand that rollovers are coming under increasing scrutiny . Make sure that you fully understand the implications of the roll-over .


Input: Can I Rollover A Roth 401K To A Roth IRA?

Output: That is an excellent question ! The answer is that you can , but you will need to be very careful . If not done correctly , you become liable for taxes on the entire amount that you transfer . If this is a sizable IRA that you are rolling over , you may see your bracket jump for a year , and pay out a lot of unwanted tax . Please consult with an advisor or tax attorney before making the change , okay ? Thanks for asking !


Input: Why Is Term Life Insurance The Best?

Output: There are hundreds of term life insurance companies offering term and permanent life insurance . To determine whether term or permanent is best for you , you need to establish a personal financial profile that includes a risk tolerance assessment and your life expectancy . Then you need to determine how long your financial liabilities , future obligations and charitable intention will last . If your under 50 years of age and healthy you can secure up to 30 years of term life insurance coverage . But you may need permanent life insurance if any of those items cited above are ongoing over your life .


Input: Why Is Term Life Insurance The Best?

Output: Term Life Insurance can be the best choice in many situations because it is low cost for the amount of coverage you get . If your need for a large amount of protection is for a limited time , Term insurance is temporary , so fills that need well . Term Life Insurance is not always best , though . Sometimes the cost of Permanent rivals that of Term , especially at older ages or when health conditions are present . If you can lock in a Permanent rate a the same or lower price than Term , that is a far better deal for you . Sometimes Permanent Life Insurance is needed for the purpose for which you are purchasing the policy . E.g. . If you are age 60 and buy a 20 year Term policy for your funeral expenses , you could be in trouble if you live past age 80 .


Input: Can A Whole Life Insurance Policy Premium Be Increased By The Insurer?

Output: Could it be possible that they did not pay back interest on the money they borrowed ? That might be why that amount is owed . You can get an explanation for the premium by calling the life insurance company that your father-in-law 's policy is with . They are usually very helpful about explaining things like that . Or it could be that a mistake was made and then you can report it .


Input: Which Health Insurance Is Best In South Carolina?

Output: That will depend a lot on the individual 's specific needs and situation . Work with an independent agent that can show you plans from several of the top rated health insurance carriers . If you do that then you will be able to answer that question for yourself and get unbiased advice from the independent agent . It will save you a lot of time and it will help you find the best plan for your needs .


Input: Does Health Insurance Cover Glasses?

Output: Maybe . It will depend on the plan design of the medical coverage . Vision care is usually a supplemental -LRB- extra -RRB- coverage that employers can add to their benefits package . Usually vision plans offer coverage for check ups , lenses and frames . An employer can choose how the benefit will work . For example a 12/24/24 vision plan would provide coverage for check ups every 12 months , lenses and frames every 24 . These options can vary and include deductibles or a copay or none at all . It just depends on how the employer wants the coverage to work .


Input: Does Health Insurance Cover Glasses?

Output: Your regular health insurance plan may cover corrective lenses -LRB- glasses , contacts -RRB- in some situations . Cataracts are typically covered by health insurance . Surgical intervention to correct cataracts is normally covered as are the `` special '' eyeglasses that some former cataract patients wear . Other medical conditions of the eye , such as Sjogren 's -LRB- an autoimmune disease that can affect the eye -RRB- may require the individual to wear special eyewear such as goggles to prevent air from hitting the eye and drying it out even further .


Input: How Much Does It Cost To Have A Baby With No Health Insurance?

Output: The cost of prenatal and delivery will vary greatly by area , level of care needed , etc. . I have several clients in Georgia that have successfully negotiated with the doctor and hospital and set up a prepayment arrangement . A normal vaginal delivery without complications , including prenatal care , can run around $ 8000 to $ 9000 dollars . Add another $ 2000 for scheduled c-section .


Input: How Much Does It Cost To Have A Baby With No Health Insurance?

Output: The cost of having a baby without health insurance could be as low as five thousand dollars if a mid wife and birthing center are used , and millions of dollars if your baby needs specialized care in a Neonatal Intensive Care Unit . The Affordable Care Act provides benefits for maternity and newborn care , plus hospitalization . Women can purchase a policy while pregnant that covers her preexisting pregnancy with no waiting period , provided she enrolls during the open enrollment period . The open enrollment period for 2014 ends on March 31 . The premiums paid for a policy would be much smaller than funding the costs of having a baby yourself .


Input: How Much Does It Cost To Have A Baby With No Health Insurance?

Output: That is a great question ! In almost every case , the cost of having health insurance will be greatly cheaper than the cost of carrying and delivering a full term baby , especially if the baby has special care needs . It is a much wiser decision to have insurance coverage , and with the Affordable care Act -LRB- Obamacare -RRB- giving help in paying for the insurance if you qualify , -LRB- Go to www.healthcare.gov to see if you qualify -RRB- it is in many cases more affordable than ever . Having insurance coverage may allow you to provide much better care for you , and your baby , than you could afford otherwise . Thank you for asking !


Input: What Is HDHP Health Insurance?

Output: HDHP stands for High Deductible Health Plan . Many companies and individuals have selected these types of plans to help reduce the cost of insurance . The deductible for these types of plans range from $ 2500 up to $ 15,000 . Typically once you reach the set deductible the insurance company picks up the rest of the medical bill . HDHP 's are also qualified plans , which means you could open a Health Savings Account -LRB- HSA -RRB- to help pay for doctors visits and prescription drugs . The savings account grows much like your own personal 401k and has similar tax treatment . These plans are ideal for people who never go to the doctor or who go regularly . Remember , that you will pay everything out of pocket before you reach the deductible . Contact an agent in your state that only handle 's Health Insurance or Employee Benefits for a plan design that works for you .


Input: Why Variable Annuities Are Good?

Output: A non-qualified variable annuity accumulates tax deferred with access to the market . High tax bracket individuals could benefit from the tax deferral aspects of variable annuities . A variable annuity is a security and insurance product that needs to be deemed suitable for the buyer before moving forward with the purchase . Once you 've determined your risk tolerance and product suitability you can rank variable annuities by expense loads and policy provisions that best fit your financial goals . You could lose money in variable annuities . Variable annuities have differing embedded policy provisions and additional riders , usually , for an addition price . Expense loads may dictate the value of the variable annuity as does the portfolio of separate sub accounts . Variable annuities have performance records and risk assessments published through Morning Star .


Input: When Can I Use My Medicare?

Output: This is a good question . You can use your Medicare card when it is effective , If you look at your red , white and blue card it will show Part A and Part B effective dates on the card . You can use your card at the doctors office , hospital , etc. if you are on original Medicare , that is , you only have Medicare part A and part B . If you have a Part C plan -LRB- Medicare Advantage -RRB- you will use that card instead .


Input: Does Medicare Cost Money?

Output: Medicare Part A is normally available at no charge to qualifying individuals who are 65 or older . You are required to pay your Part B premium , currently $ 105 in 2013 for most individuals . Higher income beneficiaries will pay a higher premium . Medicare Part D is a drug plan available through private insurers and you will pay a premium for Part D.


Input: Who Does Disability Insurance Cover?

Output: Disability Insurance covers those who earn an income , or paycheck . Disability Insurance pays the insured person a monthly benefit if the insured person is unable to work due to an illness or injury . Some policies even pay the Insured a partial benefit if unable to return to work full time , or unable to produce as much as before becoming ill or injured .


Input: Who Does Disability Insurance Cover?

Output: Disability insurance , commonly referred to as `` Paycheck Protection , '' covers exactly that -- your paycheck ! Should the insured person become sick or disabled from an illness or injury , it will pay the insured a percentage of their income . Depending on the type of policy you purchase , it could pay up until age 65 -LRB- assuming you do n't go back to work -RRB- . And some types of occupational definitions will allow you to go back to a different type of work , and the policy will still pay benefits to age 65 .


Input: When Is Roth 401K Taxed?

Output: There are two types of money in a Roth 401 -LRB- k -RRB- . The first is the money that you contribute . Since that was taxed before it was paid into the Roth 401 -LRB- k -RRB- it is returned without taxation . The other portion is the earnings or interest that the account accumulates . Once the Roth 401 -LRB- k -RRB- is more than five years old and you have reached fifty and a half years old , that pool of money is also distributed to you free of any income tax .


Input: When Is Roth 401K Taxed?

Output: When is a Roth 401k taxed ? Well , the money that is subject to tax in the case of a Roth is the money contributed to the account . You pay your taxes going in , to later receive those funds and their gains without paying additional taxes on those distributions . So tax first , no tax later .


Input: How Much Is Medicare Part B Premium For 2013?

Output: Most people will pay $ 104.90 per month for their Part B premium in 2013 . This may be higher for people with high incomes . However , if you do n't sign up for Part B when you 're first eligible , you may have to pay a late enrollment penalty for as long as you have Medicare . Your monthly premium for Part B may go up 10 % for each full 12-month period that you could have had Part B , but did n't sign up for it .


Input: How Much Is Medicare Part B Premium For 2013?

Output: Higher income individuals may pay a penalty . In determining your penalty premium , Medicare considers your income from prior tax returns -LRB- from 2 years ago -RRB- . The penalty plus base premium is graduated based on income and can be as much as $ 335 in 2013 . Currently about 5 % of the population pays a Medicare Part B penalty . This figure is expected to rise over the next few years to roughly 14 % of the population .


Input: What Is The Fine For Not Having Car Insurance In Wisconsin?

Output: According to the Wisconsin Department of Motor Vehicles Website fines regarding insurance are as follows : Operating a motor vehicle without insurance may result in a fine of up to $ 500 . Drivers and owners who fail to show proof of insurance at the time of the stop/accident may be fined up to $ 10 . Offering proof of insurance that is found to be fraudulent may result in a fine of up to $ 5,000 .


Input: How Does A Universal Life Insurance Work?

Output: Universal life is a flexible life insurance policy that can coverage your indemnification planning scenarios or can generate tax advantaged supplemental income for retirement . You pay your premium via the payment mode you select . The policy expenses are deducted from premiums paid -LRB- or cash values later on in the policy -RRB- , then the earnings from the crediting method are applied . Keep in mind that there are surrender charges , policy loan costs and two sets of rates : current company practice and contractual guarantees . The two sets of rates cover the cost of insurance , policy fee , admin charges and front end premium loads .


Input: What Happens When Insurance Totals A Car?

Output: Every insurance company and policy is different but in general if you have a vehicle that sustains a total loss , the insurance company will issue you a check for the actual cash value -LRB- ACV -RRB- of the vehicle minus your deductible . What is ACV and how does the insurance company calculate this amount ? They will take the amount to replace your vehicle and depreciate that amount based on age and condition . Basically , it 's the amount that you could get if you sold the vehicle on your own . Here are some common sites that insurance companies will use to calculate the value : WEBSITELINK WEBSITELINK You might also want to check out Ebay because you can look at what similar vehicles sold for in your area . And this should give you a real good estimate for the amount you should expect to receive from the insurance company . And in the end , the more homework you do , the more money you can save .


Input: How Much Will I Get Fined For Not Having Health Insurance?

Output: Mr. Benore has a more complete and correct answer . I must add , if you employ more than 50 full time equivalent employees you must provide a qualified health plan -LRB- QHP -RRB- for 95 % of those employees and the maximum each employee contributes to that cost is 9.5 % of gross income graded according to an income scale .


Input: How Much Will I Get Fined For Not Having Health Insurance?

Output: Your fine is $ 95 -LRB- for an adult -RRB- if you do n't purchased the required health insurance in 2014 . Actually , it 's a tax -LRB- just a matter of semantics -RRB- . This amount will increase with additional family members and in subsequent years , the tax will go up . To minimize your cost , use an experienced broker that can help you shop , compare and apply for coverage . You may also be eligible for a federal tax subsidy that could substantially reduce your premium . You 'll find this answer to be 100 % accurate and quite correct !


Input: How Much Will I Get Fined For Not Having Health Insurance?

Output: Individual Penalties 2014 - Greater of $ 95.00 per Adult , $ 47.50 per child -LRB- $ 285.00 Maximum for family -RRB- or 1 % of taxable household income 2015 - Greater of $ 325.00 per Adult , $ 162.50 per child -LRB- $ 975.00 Maximum for family -RRB- or 2 % of taxable household income 2016 - Greater of $ 695.00 per Adult , $ 347.50 per child -LRB- $ 2085.00 Maximum for family -RRB- or 2.5 % of taxable household income


Input: How Do I Get A Life Insurance License In Arizona?

Output: To get a resident life insurance license in Arizona , you need to take the licensing test and then pass the stringent test . Some prospective agents attend classes , seminars or webinars to assist them in learning the material . Once the test is passed , you submit evidence of that to the Arizona Department of Insurance and pay the fees needed to be licensed as a life insurance agent in the state of Arizona .


Input: Does Usaa Homeowners Insurance Cover Hurricane Damage?

Output: USAA homeowner 's insurance covers hurricanes . Typically , hurricanes are considered wind damage and it is always a peril that is listed in your basic and comprehensive policies . However , resulting flood damage must be covered with a separate flood insurance policy which can be purchased through most brokers and agents . They can review the rates quite easily .


Input: Does Homeowners Insurance Cover Landslides?

Output: There are a couple of specific exclusions that can be found pretty universally throughout Homeowners Insurance policies and they are damage caused by earth movement and that caused by flood . Coverage for earth movement can usually be endorsed onto the policy , but Flood insurance must in all cases be purchased as a separate policy .


Input: Does Home Insurance Cover Structural Problems?

Output: A homeowners policy covers damage that is the result of one of the specified perils . Structural damage that is the result of fire , windstorm , hail , etc. is covered under most policies . Structural damage caused by flooding of earth movement is generally excluded . It would be a good idea to discuss this with your insurance agent prior to submitting a claim .


Input: Does Health Insurance Cover DNA Testing?

Output: In some cases health insurance will cover genetic DNA testing . Expectant parents that are at risk may qualify for testing of potential genetic illness . Genetic conditions such as Downs syndrome , Tay-Sachs and Sickle Cell are ilnesses that can be passed on to your children . If you or your doctor suspect genetic conditions could be in play that will affect your baby , ask your health insurance carrier if they will cover genetic DNA testing .


Input: What Does PPO Stand For With Health Insurance?

Output: PPO is a `` Preferred Provider Organization , '' which is a network of doctors , hospitals and other facilities that will offer their services at contractually lower prices to members affiliated with them . Often the discounts are substantial which saves individuals and families hundreds or thousands of dollars . It is a medical care arrangement where the insurers may pay a fee to become part of the actual Network . However , since their charges for procedures and other treatment is reduced , they may gain market share by writing more policies . Most major health insurers offer many PPO plans that help keep premiums low , while providing top-notch treatment and service .


Input: Does My Car Insurance Cover A Break In?

Output: It may if you have full coverage on your automobile insurance -LRB- this would include the term `` comprehensive '' or `` other than collision '' -RRB- and may be subject to the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Happens If I Cancel My Life Insurance?

Output: My answer would be `` do n't do it unless absolutely necessary '' ! The reasons mentioned above are great , but also think about your health which will affect what you premium payments would be . Several health issues will affect your premiums : Smoking , if you quit for a year some companies will give you a better rate . High Blood Pressure Diabetes Many many others . It is becoming increasingly harder today to get an insurance companies best preferred rate . This is due to better testing and reporting by your doctors . So if you have a good rate on your policy when you bought it the odds are you wo n't qualify for that same rating several years later .


Input: What Happens If I Cancel My Life Insurance?

Output: Also keep in mind that if you should cancel a whole life insurance policy yet decide to purchase another later on , the cost will have increased . They unfortunately increase with age , so this is something to seriously think about . Also as Steve mentioned , you put your beneficiaries at risk .


Input: What Happens If I Cancel My Life Insurance?

Output: Canceling your life insurance terminates your coverage . If your financial liabilities and future obligations still exist , canceling your life insurance will put your beneficiaries at risk . If you have cash value life insurance and there is gain in contract , you may trigger an ordinary income taxable event .


Input: Why Are Health Insurance Costs Rising?

Output: That is a great question . While premiums rose nearly 80 % from 2003 to 2012 , they only rose a modest 4 % last year . While the Affordable Care Act -LRB- Obamacare -RRB- did a nice job of reining in costs , and penalizing insurers who were wasteful , there were some inevitable shifting of services , and costs , and without knowing what exactly you are referring to , it 's hard to say . It seems like everything goes up in price from year to year , I suppose medical costs should be expected to also . Wish I had a better answer for you , but thanks for asking !


Input: How Does Health Insurance Portability Work?

Output: HIPAA is the health insurance portability and accountability act . When you lose your employer group health insurance coverage due to loss of your job , you have a guaranteed right to continue your coverage . Portability rights extend to all covered family members individually and collectively . Your `` portable '' coverage is the same plan as offered through your employer . Your COBRA coverage will expire in most cases after 18 months .


Input: How Does Health Insurance Portability Work?

Output: The idea behind portability is as follows : If a person has carried coverage -LRB- been insured -RRB- prior to starting with another health plan elsewhere , they should not be punished by having a pre-existing condition schedule applied to them as they have no gap in coverage . The idea behind Portability is wing walking , moving from one wing to the other without falling off of either plane . When you apply for coverage , the new provider will ask for a certificate of prior coverage . They will use that as proof and waive any pre-existing condition clauses on the new policy .


Input: How Does Health Insurance Portability Work?

Output: That is a great question ! In Insurance speak , `` portability '' means the coverage travels with you . The typical health insurance policy that is employer issued -LRB- a part of your benefit package at work -RRB- will not be portable , because it ends -LRB- COBRA notwithstanding -RRB- when your employment does . A policy purchased through the Affordable Care Act -LRB- Obamacare -RRB- marketplace -LRB- WEBSITELINK -RRB- on the other hand is portable , since it is tied to you , and not your employer . As a result , you can switch jobs without having to re-insure each time . I hope that helps - thanks for asking !


Input: What Is Philippine Prudential Life Insurance?

Output: Philippine Prudential Life Insurance Company -LRB- Philippine Prudential -RRB- is a 100 % Filipino owned financial services company . They offer endowment plans , whole life plans , group and permanent plans , healthcare coverage , education and pensions policies , and credit insurance . Philippine Prudential Life Insurance Company was established in 1963 and is headquartered in Pasig City , Philippines .


Input: What Is Philippine Prudential Life Insurance?

Output: Prudential Life Insurance Company is a company domiciled in the states however the Philippine Prudential , best guess as I see from other companies , set this company up to be able to provide insurance and investments in the Philippine 's . Many large Insurance company 's will create other companies so they can work in other parts of the world , following the regulations which otherwise would not work in the states or other countries .


Input: Is There Insurance For Web Developers Using Services Hosted By 3rd Parties?

Output: It is common practice for it companies to use 3rd parties services in day to day operations , including 3rd party hosting . Your professional liability insurance may be covering your liability arising out of use of 3rd party hosting as long as there is always a written contract between you and your clients , with insurance stipulations , disclosures of your responsibility for use of 3rd party products and services , warranties and hold harmless agreements . The best way to find out is to call your insurance carrier claims department and ask them a `` what if '' question . For example , what if a 3rd party hosting vendor fails and this results in financial loss for me and my client . Am I covered ?


Input: Can Health Insurance Companies Drug Test You?

Output: When applying for health insurance underwriters can request labs or blood testing based on a persons medical background and history in order to calculate the risk in insuring that person . The insurance company reserves the right to accept or declinea person if illegal drugs show up in the labs . That said ; there will be no underwriting under the `` Obamacare '' state sponsored insurance exchanges beginning October 1 , 2013 and be prepared to pay higher premiums . Anytime you are in the hospital or your doctor requests labs all of your medical information is reported to the medical information bureau . Insurance companies can get access to that information when you apply for health insurance .


Input: What Is Disability Insurance For Individuals?

Output: Disability Insurance for individuals is a type of insurance policy that pays workers a large percentage of their income if they were to become disabled for a long or short period of time . It goes to the persons who are disabled , to use as they wish . Disability Insurance can not replace 100 % of the income lost , but it can help the injured or ill person get through that time until they can hopefully get back on their feet and back to work .


Input: Will Medicare Pay For Gastric Banding?

Output: Medicare will pay for laparoscopic adjustable gastric band if the following three conditions are met : 1 -RRB- You must have a BMI of 35 or over at the time of surgery ; 2 -RRB- You must have a qualifying health condition associated with your being overweight that losing weight through gastric banding would help ; and 3 -RRB- You must complete a 6 month Physician Supervised Weight Loss Program proximate to the time of the surgery .


Input: What Renters Insurance Covers Bed Bugs?

Output: The nature of a renters policy is to compensate you for damages that you suffer . An infestation of bed bugs might not meet the criteria of damages . The policy pays these damages for specified perils and insect infestation is either excluded or not included in the list of most policies . The renters policy is not designed to address routine maintenance issues .


Input: What Renters Insurance Covers Bed Bugs?

Output: Things like bed bugs and other insects -LRB- under the designation of vermin -RRB- are typically excluded from coverage under renters and homeowners policies . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does An Annuity Have A Beneficiary?

Output: Yes , an annuity usually has a beneficiary . Generally , if the policy has not yet been annuitized and the annuity owner -LRB- s -RRB- is deceased , the beneficiary will receive the annuity and can choose to keep it , cash it in , or annuitize it . There may also be a death benefit that is paid to the beneficiary at this time . If annuity payments have already been started being paid , then the beneficiary can continue receiving those . If the annuity was a life income annuity there might not be any payments made to the beneficiary unless some guarantees were built into the contract .


Input: When Are Medicare Advantage Plans Going Away?

Output: Medicare Advantage plans are probably never going away , but you can expect continued changes in the availability of such plans over the next few years . Congress has been steadily reducing funding for these private insurance plans . Reduced funding has been accelerated because of Obamacare . Expect fewer choices , smaller networks , higher premiums , higher copay 's and higher out of pocket going forward .


Input: What Is A Life Insurance Quote?

Output: Great question . Insurance lingo can be very confusing , especially when shopping and trying to compare prices . Here are a few words that can cause some confusion , and how us agents usually mean them . 1 . QUOTE = the price we think you will get based on what you told us . If you are looking for a medically underwritten policy and were not asked many health details , chances are that quote is not very accurate . You can also tell if someone is following a script . There are so many nuances in each person 's situation , that if you find an agent who quotes you more by experience and knowledge than `` if a , then b '' , my opinion is that you will get a more accurate quote and end up with a better rate . 2 . RATE = the price you actually end up paying . Another word is PREMIUM . This is your cost after all the underwriting has been done and your final rate has been determined by the insurance company . 3 . RATING = this refers to the health rating . Examples are Preferred , Standard , Table C . It is what you are rated after the underwriter reviews all your health information . I hope that helps . Feel free to contact me or post any more questions you might have .


Input: What Is A Life Insurance Quote?

Output: A quote , in short , is an estimation of premium you can expect to pay for your life insurance policy - the premiums can be paid annually , semi-annually , quarterly , or monthly . Please note , a quote is only as good as the information it 's based on . There are 4 main factors that determine the premium for the coverage - your age , the amount of coverage you 're trying to secure , how long you want it guaranteed for , and your risk classification . The risk classification is the MOST important factor in determining how much you can expect to/will pay for your coverage . If the medical history is not factored into the quote -LRB- e.g. you 're only running numbers based on someone 's date of birth and/or height/weight -RRB- , any quotes provided are pretty much meaningless because they do not provide an accurate representation of what you can expect to be approved at . To provide a little background on risk classes : every life insurance company has different underwriting guidelines that determine what risk class an individual qualifies for . Since every company has different guidelines for qualification , one might offer a better risk class than another based on the aforementioned information , resulting in a lower premium for the same coverage . The different risk classes someone can be assigned by a carrier are : Preferred Plus -LRB- sometimes seen as Preferred Elite -RRB- this means the proposed insured is typically in superior health , normal height/weight profile , no chronic illnesses , lab results within normal range , no immediate family members died from heart disease or cancer before age 60 . Preferred this means the proposed insured is in excellent health . Height/weight may be a little over the most preferred range , treatment for high blood pressure or high cholesterol usually acceptable , lab results normal or slightly abnormal . Standard Plus - this means the proposed insured 's health is better than the average . Height/weight may be higher than normal . Standard - this means the proposed insured is in average health and has a normal life expectancy . Height/weight may be on the high side , possible treatment for several minor conditions , one or more parents died from heart disease/cancer before age 60 , slightly elevated lab results -LRB- such as higher than normal blood pressure or cholesterol -RRB- . Substandard - this means the proposed insured has a below average life expectancy -LRB- commonly seen as high risk life insurance -RRB- . Height/weight may be considered obese , treatment for chronic illnesses or major health conditions -LRB- such as prior heart attack , cancer , diabetes -RRB- , abnormal lab results . Substandard ratings are expressed as a table rating , usually designated as Tables A-J or 1-10 . Each additional table increase is usually a 25 % increase over the standard risk class rates . Tobacco user risk classes are preferred smoker , standard smoker , and substandard smoker . There is no preferred plus or standard plus risk classification for tobacco users . It 's best to consult with an experienced life insurance broker who can shop your case among multiple carriers to see who will offer you the most favorable risk classification for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: What Is A Life Insurance Quote?

Output: Most consumers look for a `` quote '' as a price for coverage on a given amount . Some quotes can be ran for as little information as policy type , date of birth , state of residence , face amount , length of term if term life and health status . This informationcan calculate a quote which is just an estimate of premiums . The more information you provide the more accurate your price quote . Understand that underwriting has the final word in the actual premium


Input: What Is A Life Insurance Quote?

Output: A life insurance quote can take many forms , however , essentially it is the price of a policy at a given age . In addition to determining the amount of insurance , there are a number of factors to consider when deciding what type of policy and which company to buy it from . Initial premium , renewal premium if applicable , guaranteed cash value , investment options or dividends and more . A life insurance quote for an individual policy would normally include the factors above . Comparing quotations from different companies can be complicated . An independent insurance broker could 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: What Is A Life Insurance Quote?

Output: Imagine that there are 100 people your age wanting $ 100,000 of life insurance . The company actuary determines that in the coming 12 months on average 1 of you will die . So the base premium for a policy would be $ 100,000 / 100 = $ 1000 . The underwriter then looks at the medical information on all 100 applicants and determines who is close enough to the average to be considered `` standard . Some of the applicants will not be acceptable at all , while others will be is such great shape as to be considered preferred plus . When you get a quote you will probably get either a standard or preferred quote . If you fall into that category you can expect the premium to be the same when the policy is issued , if you dont you can expect the premium to be either higher or lower . As I mentioned before someone might not be insured at all .


Input: What Is A Life Insurance Quote?

Output: A quote , in short , is an estimation of premium you can expect to pay for your life insurance policy - the premiums can be paid annually , semi-annually , quarterly , or monthly . Please note , a quote is only as good as the information it 's based on . There are 4 main factors that determine the premium for the coverage - your age , the amount of coverage you 're trying to secure , how long you want it guaranteed for , and your risk classification . The risk classification is the MOST important factor in determining how much you can expect to/will pay for your coverage . If the medical history is not factored into the quote -LRB- e.g. you 're only running numbers based on someone 's date of birth and/or height/weight -RRB- , any quotes provided are pretty much meaningless because they do not provide an accurate representation of what you can expect to be approved at . To provide a little background on risk classes : every life insurance company has different underwriting guidelines that determine what risk class an individual qualifies for . The company will look at your personal medical history , smoker status , height/weight profile , results of the medical exam -LRB- if applying for a policy requiring it - no exam policies typically cost more -RRB- , your family medical history -LRB- e.g. cancer or heart disease before age 60 in the immediate family -RRB- , motor vehicle record , and any hazardous activities you may participate in -LRB- such as aviation , scuba diving , drag racing , etc -RRB- . Since every company has different guidelines for qualification , one might offer a better risk class than another based on the aforementioned information , resulting in a lower premium for the same coverage . The different risk classes someone can be assigned by a carrier are : Preferred Plus -LRB- sometimes seen as Preferred Elite -RRB- this means the proposed insured is typically in superior health , normal height/weight profile , no chronic illnesses , lab results within normal range , no immediate family members died from heart disease or cancer before age 60 . Preferred this means the proposed insured is in excellent health . Height/weight may be a little over the most preferred range , treatment for high blood pressure or high cholesterol usually acceptable , lab results normal or slightly abnormal . Standard Plus - this means the proposed insured 's health is better than the average . Height/weight may be higher than normal . Standard - this means the proposed insured is in average health and has a normal life expectancy . Height/weight may be on the high side , possible treatment for several minor conditions , one or more parents died from heart disease/cancer before age 60 , slightly elevated lab results -LRB- such as higher than normal blood pressure or cholesterol -RRB- . Substandard - this means the proposed insured has a below average life expectancy -LRB- commonly seen as high risk life insurance -RRB- . Height/weight may be considered obese , treatment for chronic illnesses or major health conditions -LRB- such as prior heart attack , cancer , diabetes -RRB- , abnormal lab results . Substandard ratings are expressed as a table rating , usually designated as Tables A-J or 1-10 . Each additional table increase is usually a 25 % increase over the standard risk class rates . Tobacco user risk classes are preferred smoker , standard smoker , and substandard smoker . There is no preferred plus or standard plus risk classification for tobacco users . It 's best to consult with an experienced life insurance broker who can shop your case among multiple carriers to see who will offer you the most favorable risk classification for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: What Is A Life Insurance Quote?

Output: A Quote is just that , a best guess to what the Life Insurance will cost you based on very limited information . When you fill out an application , you will be asked more specific medical questions . If you have high blood pressure for example , the quote you got most likely will not be accurate . However if the blood pressure is controlled , and there is a history of control , then you would most likely get a better rate . Once underwritting makes a decision , a rate is set and you have to determine if you want to except that rate . So remember , a Quote is an estimate , the rate is what is being offered from the company .


Input: Can HIV Positive People Get Life Insurance?

Output: There are some guaranteed Issue plans available with no health question . Obviously you would pay more but yes you can get insurance . Benefits would be limited for the first two or three years of the policy . A good independent agent specializing in final expense needs can help you find a plan affordable for you .


Input: Can HIV Positive People Get Life Insurance?

Output: Unfortunately , HIV positive people can not get life insurance unless it is a graded , guaranteed issue plan that asks no health questions . These plans usually have a minimum age requirement of at least age 40 and have a maximum face amount often under $ 25,000 . With the new treatments for AIDS , hopefully the life insurance industry will make it easier for HIV positive persons to get life insurance in the future .


Input: Who Provides Disability Insurance?

Output: Disability Insurance is provided by Life Insurance agents . The same companies that sell Life Insurance may sell Disability Insurance , and vice versa . Some Life Insurance agents specialize in both . That is the type of agent you want to seek out , as there are a lot of unique features to Disability Insurance that need a knowledgeable agent to explain them in understandable language , and to know how to guide you to pick out an affordable Disability Insurance policy with the features you need .


Input: Can You Cancel Life Insurance At Anytime?

Output: You can , but should you ? Life insurance is personal property and an asset . The policy owner can cash in the policy . The first consideration is surrender charges . If you cash in your policy , i.e. terminate it , you may pay surrender charges and lose coverage . You also may haven ordinary income tax bill for any gain in the contract . Before you move forward with cashing in your policy , check with the company for all the consequences of surrendering your contract .


Input: Can You Cancel Life Insurance At Anytime?

Output: Yes , you can cancel life insurance at any time . With Term insurance there is no penalty for cancelling at any time , except for losing the coverage . With Whole or Universal Life , there is a surrender charge in the first years of the policy that will be deducted from any cash value you might have gotten back . If there is no cash value , you simply lose the policy . Keep in mind that , unless you paid extra at the start , the first years of the policy do not generally accumulate cash value as quickly as later . Talk over cancellation of your Whole or Universal Life with an agent who can explain the consequences and options for keeping it in some form . You may find that cancelling is not want to do , after all . Or you may have affirmation that you are doing the right thing .


Input: Does Child Support Include Car Insurance?

Output: This question is very non-desript . If you are asking if child support paid would have an inclusion of an amount specifically for auto insurance , then that would be a question for your attorney or the judge that ruled on the support amount . I have not personally ever heard of this every being done .


Input: Can I Buy Auto Insurance For One Month?

Output: In theory , you can buy auto insurance for one month . When you apply for coverage , you may be required to pay approximately one month -LRB- or more -RRB- of premiums as the policy starts . You can cancel a policy at any time and a refund will be paid on the unused portion of coverage . A broker can explain the amount of refund issued .


Input: Can I Buy Auto Insurance For One Month?

Output: Yes , but with a caveat . You can buy a six month policy and cancel the policy after a month or at any point you no longer require coverage . The carrier will refund a pro rata amount based on the time used . You should let the agent know your intentions so he/she can pick the best carrier for your situation as some carriers treat a customer cancelation in different ways . Be sure to check with your local agent to confirm your state 's rules .


Input: When Should I Apply For Long Term Care Insurance?

Output: You should apply for Long Term Care insurance at an age that gives you the best prices , yet not so young that you are sitting on it for decades without needing it . Applying for coverage between age 50-60 is young enough to get reasonable rates and most people are healthy enough to still qualify for it .


Input: When Should I Apply For Long Term Care Insurance?

Output: Most of my LTC -LRB- Long Term Care -RRB- policy holders applied between the ages of 50-60 . Generally better health and reasonable premiums in that age bracket seemed to be a major determining factor . I would recommend locating an independent agent that specializes in LTC/Medicare to determine which plan/options best suit your specific needs ...


Input: What Services Does Medicare Part D Cover?

Output: Medicare Part D covers a portion of your outpatient Rx benefits . Part D is available from private insurance carriers and has a monthly premium of anywhere from $ 15 monthly on up to over $ 100 . Each plan is different . Some have deductibles , some do n't . All have copay 's . Check your formulary before signing up .


Input: Will Medicare Pay For Gastric Sleeve?

Output: Medicare will pay for gastric sleeve , gastric bypass , lap band , or duodenal switch for weight loss , under certain conditions . There must be a health problem associated with being obese , such as sleep apnea or type 2 diabetes . The condition of being overweight must have existed for at least 5 years . You must pass a psychological evaluation , have tried at least one other weight loss program that has failed , and other illnesses as the cause of your obesity must be ruled out . You also need a BMI of over 35 to be approved for Medicare gastric sleeve surgery .


Input: Does Guardian Life Insurance Drug Test?

Output: Guardian life will test for Nicotine and Cocaine . These are the two most common substance tests that almost all insurers test for when they perform medical underwriting . Besides these two substances , most carriers -LRB- Guardian included -RRB- , do not test for other substances , i.e. drugs . If there are other drugs that you currently use and you do not disclose , you do run the risk of creating a contested life insurance policy if you should die within the contestability period .


Input: Does Guardian Life Insurance Drug Test?

Output: If you are applying for a medically underwritten individual life insurance policy , you should expect to have a blood profile and urinalysis ordered as well as vital signs taken by a paramedical examiner . The lab tests look at body chemistry and will include screening for drugs . A life insurance underwriter is looking for abnormal results which , on their own may not mean much but when compared with additional information collected such as medical history , readings for blood pressure , etc. , it helps them assess mortality risk .


Input: Does Guardian Life Insurance Drug Test?

Output: Yes , all companies when using paramedical exams do some drug testing as part of the chemical analysis in the underwriting process . Some drugs will effect certain levels of function within say kidney function that will show up by pushing the level higher . Alcohol for example , a legal form of a `` drug '' if consumed too close to an exam will raise blood sugars , alter the kidney function numbers and a few other numbers like those involving the liver . That is why it is never a good idea to consume significant amounts of alcohol the night before a blood/urine test . It will skew the results . Then it is up to the individual to get a second test , at their expense to show the first test was off .


Input: How Do I Sign Up For Cobra Health Insurance?

Output: Your employer will notify you of your COBRA rights within 30 days after your group health insurance plan terminates . You have 60 days in which to exercise your COBRA rights plus an additional 45 days before your premium must be paid . Premiums for your election are retroactive to the first day your of COBRA benefits .


Input: What Is The Best Health Insurance In Utah?

Output: The Utah Health Exchange offers many affordable options for individuals and families . Six carriers will be offering coverage with federal subsidies available for those persons that qualify . Arches , Humana , Altius , SelectHealth , Molina and Bridgespan will be the insurers that are participating . Because of Open Enrollment , pre-existing conditions will be covered . As experienced brokers , our job is to utilize our experience and our top-rated websites to help consumers compare the best options and easily apply for coverage .


Input: Should I Buy Medigap Insurance?

Output: If you want to have a comprehensive health care coverage , then you should consider buying Medigap insurance . Original Medicare Part A and Part B only cover about 80 % of your Medicare approved health care costs . This leaves you with the responsibility of paying the remaining twenty percent . This can add up if you have an expensive procedure or a long term illness . Many people think if they are healthy that a Medigap Plan is not something they need right now . However , if you wait until a health issue arises , you may not qualify for a Medigap Plan . It 's really best to buy a Medigap Plan as soon as your in the initial Open Enrollment Period -LRB- when no health questions are asked -RRB- . If you are no longer in Open Enrollment or another Guaranteed Issue Situation , it 's best to speak to an insurance agent specializing in Medicare Supplement insurance . We can review your health history and make recommendations on which insurance companies you may qualify with . If I can assist you with your specific situation , please feel free to contact me .


Input: Should I Buy Medigap Insurance?

Output: Should you buy Medigap Insurance ? Well , depends on how you want to use your insurance in retirement . Medigap insurance couples with Medicare part A & B and fills in the gaps those two do n't cover . Note : you will need plan D coverage for RX . A Medigap plan allows you the freedom to go where you wish for the most part for care . My mom has Plan F and it works well for her as she fires her doctors about every 6 months . A Medigap plan allows you to do that . A Medicare Advantage Plan does n't .


Input: Does Medicare Cover CPAP?

Output: Medicare will cover Cpap therapy when medically necessary . If diagnosed with obstructive sleep apnea , Medicare will pay for a three months trial of Cpap to see if it is effecting in treating the sleep apnea . If it is , Medicare will extend the coverage to 13 months , after which you will own the Cpap machine .


Input: What Is The Best Medicare Part D Insurance?

Output: Many Insurance companies have excellent plans . A plan that is right for you will depend on your specific Medications . Normally my clients ask me to take their medications and make a recommendation . So you want to go with a plan that saves you the most money .


Input: When Should I Apply For Medicare Part B?

Output: This is a Good Question . Typically if your card is not automatically sent to you 3 months before your 65th birthday , you can apply online at the social security or Medicare site , you can also go to your local social security office . If you are working still , you may be able to defer part B . If you are in the Illinois , Kentucky , Arizona , Florida , Hawaii , Michigan , Montana , New Mexico or Wyoming , you can contact me ; otherwise contact a broker in your area to help you with all your options .


Input: How Much Should You Pay For Long Term Care Insurance?

Output: It will depend on your gender , age , smoking status , health condition , two lives or one life , etc. . You Should Buy Long Term Care Insurance when youre young and in good health . But most Americans under the age of 50 consider it too early in their life for consideration because of other more pressing midlife financial events or commitments to come . The general rule of thumb is age 50 , but most purchase at age 60 . Long term care insurance -LRB- LTCi -RRB- is part of retirement planning . The total medical cost during retirement is $ 250,000 . Some of that expense could be LTCi assisted living or nursing home care . If you have discretionary dollars , it is recommended to purchase an LTCi policy to the maximum allowable benefits before age 65 . A nonsmoking male and female in good health purchasing a combined LTC policy will pay around $ 300 a month .


Input: How To Calculate Medicare EHR Incentive?

Output: The Medicare and Medicaid EHR incentive program stands for the electronic health records program . I believe the idea behind this was to incentivize facilities to use new electronic health records technology . I would recommend contacting CMS to learn more about how these figures are calculated and if you or your business would be eligible .


Input: What Does Basic Life Insurance Cover?

Output: Basic life insurance covers death by any reason . The cause of death can be due to a precondition , but the policy will still pay -LRB- as long as that condition was noted on the application , if it existed at the time of application -RRB- . It also covers death by accident . The only exception is suicide in the first two years .


Input: What Does Basic Life Insurance Cover?

Output: That is a great question ! Your basic life insurance policy will cover any reason for what may cause your demise . Something like an accidental death policy is n't so good , as you have to pass from or as a result of , an accident . So you have a heart attack - your life policy would pay , your accidental death policy would not . You get bitten by a spider , have an allergic reaction , and meet your maker , life pays , accident does n't . You get into a car wreck , both would pay . I hope that helps , thanks for asking !


Input: What Does Basic Life Insurance Cover?

Output: Basic life insurance protects those that you love . Premature death is terrible . Life insurance can step in and pay-off the mortgage , supplement your spouses income , buy the kids braces for their teeth and send them through college . For you , life insurance covers your need for peace of mind .


Input: Who Offers The Best Critical Illness Insurance In Arizona?

Output: The carrier with the best benefits at the lowest rate offers the best critical illness coverage in AZ. . This is precisely why it 's important to work with a seasoned broker or agency that has the expertise and knowledge to sort through multiple carriers to figure who really offers the best . Do n't be fooled by a strong marketing campaign or a funny duck commercial and believe that is the best for you . You 've already gotten past the toughest part ... realizing the value in a supplemental critical illness policy . Next , I would ask for a referral to an experienced broker . James | 561-320-2978 or email me at : jelbaum@clminsure.com


Input: Who Offers The Best Critical Illness Insurance In Arizona?

Output: This is a relatively subjective question . There are many companies that sell some form of Critical Illness . A question I would ask if you were working with me is are you looking for a stand-alone policy or a policy that has more value as in attached to your Life Insurance ? I recommend three different companies , Assurity Life , Mutual of Omaha and Transamerica which depending on what you are looking for , which is a bigger question . I would contact an agent or you can reach out to me and I can put together a quote for you . Matt - -LRB-720-RRB-708-5498 or email me at : matt@pegasusii.com


Input: Who Should Buy Disability Insurance And Why?

Output: Any person is dependent on an income should look into disability insurance . While you might have substantial savings , the average long term disability claim is 31.2 months -- you do n't want to drain your savings just because you 're sick or injured . Often times , businesses need to purchase DI on a specific employee so that their business can still function if that pivotal team member is unable to work . DI is peace of mind !


Input: Who Should Buy Disability Insurance And Why?

Output: Anyone who has someone relying on them for financial support should have Disability Insurance . Becoming disabled for a period of time is not uncommon , and it can happen at any age . Very few families can get by on one income , and even single persons can lose their life 's savings through an extended disability . Becoming disabled generally does not just take away income for a period of months or years , it comes with medical bills and other extra expenses connected to the cause of disability . That is why anyone who makes and relies on making an income should buy Disability Insurance , in my opinion .


Input: What Is Enhanced Whole Life Insurance?

Output: Enhanced whole life insurance is most likely a marketing name for a specific companies life insurance contract . There is no specific product within the industry that is referred to specifically as enhanced whole life insurance -LRB- i.e. there are no features unique to a products known as enhanced whole life insurance -RRB- .


Input: Does Each Roommate Need Renters Insurance?

Output: Typically , Yes . Renters insurance coverage is nothing more than coverage for YOUR personal items . So if you are in a rental apartment with 3 other people , you would each want to get your own policy to cover your specific items . But be careful . Renters policies will have limits on certain items like , cameras , musical instruments etc. . So although you can have $ 10,000 in coverage , but have a $ 3,000 guitar , you might not be fully covered . -LRB- depending on the policy limit -RRB- . Be sure to ask your agent specific questions to make sure


Input: Does Each Roommate Need Renters Insurance?

Output: There are very few companies that write non-related individuals on the same renter 's policy . This status of delineating coverage is called `` Named Insured . '' The drawback to these policies is that a claim check would be made payable to ALL named insureds ; so if only your stuff was stolen from your vehicle or otherwise damaged , your roommate would also need to sign off on the check before you can cash it . The other drawback is that , in the event of a claim , it goes on the personal history of all named insureds . So if your roommate has a claim , it can penalize YOU for the next 3 to 7 years -LRB- depending on company -RRB- even if you guys separate households . Even if a roommate has no personal property -LRB- i.e. contents -RRB- , a critical component of renter 's insurance is liability . Ideally , each roommate should have renter 's insurance , so that if a guest is hurt on premises , the lawsuit could be filed against the responsible person . Most renter 's policies also include Personal Injury coverage under the liability , but some do not . Personal Injury covers damages to a third party that you may be legally liable for , but where the injured party suffered no physical injuries . The most prevalent claim currently is slander/libel from social media . Refer supra to what I indicated about claim history . Do you really want to be responsible for your roommate 's posts online ? I know I do not . I currently rent myself as it is a better deal where I live than ownership . I do have a roommate , and we each have our own separate policies .


Input: Does Each Roommate Need Renters Insurance?

Output: Who owns what in the apartment or home you are renting ? YES , each roommate needs to have Renters Insurance . Your insurance will only cover your material possessions . If you own all of it , then you there really is no reason for the roommate to have the insurance . Be sure to get the replacement value v. current value renters insurance . It will cost a little more however which would you rather have , the value your TV is currently worth or what it costs to get a new one ?


Input: Is Life Insurance Used To Pay Debt?

Output: Life insurance can be used to pay off debt , or it can be used as collateral in borrowing money . Most people do not borrow money with the idea that they will be dead before the loan is paid off , but if death does occur before debt is repaid , life insurance is an excellent way to pay it off .


Input: What Percent Of The Population Has Long Term Care Insurance?

Output: Short answer : About 8 % Long answer : It 's hard to say exactly how many people own some type of policy that covers paying the costs of long term care - should one qualify for it - because there are many types of insurance policies that are not just `` stand-alone '' long-term care policies , but plans of insurance that include being able to use a percentage of other plan benefits for paying long-term care costs :1 . Stand-alone long-term care insurance covers only long-term care costs . It has no cash value . When a policy owner dies , coverage either lapses or stops paying benefits . It is not transferable . It can not be bought or sold on a secondary market . This type of long-term care insurance is sometimes referred to as `` traditional '' long-term care insurance , as well . It is the type of coverage that is most often associated with the `` percentage of Americans that own their own long-term care insurance '' .2 . Hybrid long-term care contracts consist of having long-term coverage and a life insurance policy that guarantees to at least return the full premium paid into the policy to the insured 's designated beneficiary . Usually , these are single-premium contracts , but some have options to also pay over a specified period of time , such as 5 - or 10-years .3 . Linked life + long-term care policies are basically a traditional permanent life insurance contract -LRB- Whole Life or Universal Life , including the Variable or Indexed type -RRB- . If a person qualifies for long-term care and they have the long-term care rider on their life policy , they may apply to the insurance company to advance or accelerate the face value of the policy -LRB- death benefit -RRB- to pay for the costs of care . There are various limitations on how much can be advanced at a time . If the face value of the life contract is completely advanced for long-term care , there is usually a residual death benefit of $ 5,000 - $ 10,000.4 . The latest addition to life insurance product lines are policies offering `` living benefits '' , one of which is very similar to the linked-life policy . In fact , the only difference is that a medical professional has to state in writing that the insured is not likely to recover from the condition that qualifies for long-term care benefits . -LRB- True long-term care insurance does not require that . -RRB- This type of living benefit is most often referred to as `` chronic care '' or `` extended care '' . Annuities may also have special considerations for paying out portions of the account value for long-term care costs.The point is , people who own life insurance or annuity contracts with long-term care accommodations are not typically included in with the 8 % that own traditional long-term care . So , the real percentage of those that have made some type of insurance purchase to offset long-term care costs is greater than 8 % . I doubt , however , that the total percentage of Americans that own any of the above-described types of policies would exceed 20 % at this time .