Input: What Is Asset Based Long Term Care Insurance?

Output: Asset Based Long Term Care provides a unique solution to providing for the expense of long term care while at the same time providing other benefits . Generally , it is provided with a base of life insurance or an annuity . One of the problems with traditional Long Term Care Insurance is affordability . Also the underwriting is very strict . Because Asset Based Long Term Care is underwritten much like a life insurance policy , it is usually easier to qualify . Many traditional Long Term Care policies are use it or lose it , although many policies do have return of premium provisions . With Asset Based Long Term care written with a life insurance chassis , if you do not use the long term care provision , you beneficiaries will receive the death benefit , as in a traditional life insurance policy . If the plan is Annuity based , you receive the interest and tax advantages of an annuity , but the flexibility of utilizing the funds for long term care should you need it . While most of these hybrid products are not as comprehensive as traditional long term care they can be a great alternative depending on the goals and personal situation of the client .


Input: How Much Does Health Insurance Cost Yearly?

Output: Based upon 2014 national averages an individual should anticipate a cost of approximately $ 4000 annually for a Silver level health plan -LRB- approximately 70 % coverage level -RRB- . Inflate this by around 10 % and that will be a reasonable ballpark estimate for 2015 . Remember , this is a national average and the figures for coverage for you in your particular state can vary significantly . Your age and whether you use tobacco products will be the determining factors in what individual health insurance will cost you specifically . Also , I am talking about the true cost of the health insurance and I am not factoring in any premium tax subsidy that some people may qualify for .


Input: What Is SBI Life Insurance Plan?

Output: SBI Life Insurance is a joint venture between State Bank of India and BNP NP Paribas Cardif . They offer plans that are a combination of life insurance and investments . as well as traditional participating plans and group plans . This is not to be confused with SBLI , which is a company in the United States .


Input: Can I Get Life Insurance With Cancer?

Output: If the cancer is currently being treated , or active but untreated by choice or necessity , the only type of life insurance that is available is guaranteed issue , in most cases . If you have history of cancer , your ability to get medically underwritten or simplified issue life insurance is dependent on the date of diagnosis , date of last treatment , type of cancer , stage of cancer , and other variables . Visit with an agent who specializes in life insurance for persons with health conditions to find your best policy at the most affordable price .


Input: What Companies Sell Disability Insurance?

Output: There are many reputable companies that sell disability insurance . Berkshire , Mass Mutual , Guardian , Hartford and Principal are just a handful of carriers that offer competitive products . What company is best for you ? A full-time broker or financial planner -LRB- not an `` adviser '' or media-related rep -RRB- will take the time to shop , compare and advise you in the most professional manner .


Input: What Companies Sell Disability Insurance?

Output: When speaking with a life insurance agent , be sure to ask for a side-by-side comparison . If they 're correctly shopping around for a great rate and the best disabling definitions , they should be able to show you multiple quotes and illustrations . Some other great carriers are The Standard , Principal Financial Group , MetLife , Lloyds of London , Fidelity and Illinois Mutual . For short term DI , you 'll probably want your broker to check out Assuirty and Mutual of Omaha .


Input: How To Find Life Insurance Policies After Death?

Output: Finding a life insurance policy after death can be accomplished . Often a deceased had many policies that the beneficiaries may not have been aware of . Of course , checking bank and financial records of any payment made to an insurer in the last 10-20 years would be ideal . Also , get in contact with the deceased 's agent , who may be aware of any missing policies .


Input: How To Find Life Insurance Policies After Death?

Output: Unfortunately , I 've had some personal experience with this recently . The funeral director was very helpful , as he has worked with many life insurance companies over the years while helping families pay funeral charges for their loved ones . If you have the policy and do n't recognize the name of the life insurance company , you can search for the insurance company name online and will often be able to find out if it has a new name or owner . Call the claim department when you do find the company ; they are usually wonderful .


Input: What Is A 10 Year Level Term Life Insurance?

Output: Ten Year level Term Life Insurance is life insurance that will not go up in price for 10 years . It may have the option to be extended beyond that time , but the premium will be much higher when the 10 year term is complete . It does not have any cash value . Some 10 year level Term can be converted to a permanent policy with out evidence of insurability -LRB- no health questions asked -RRB- for some or all of the 10 years .


Input: What Is A 10 Year Level Term Life Insurance?

Output: Level on a term life insurance policy refers to the premium . 10 year term means the premium remains level for 10 years . After the 10th year , the premium will begin to increase . There is generally a considerable jump in year 11 followed by a much less dramatic increase in following years unless the insured is very advanced in age .


Input: What Is A 10 Year Level Term Life Insurance?

Output: The annual premium for 10 year level term is one of the lowest premiums you can pay for life insurance . However , the coverage ends in ten years . There may be benefits written into the policy that will allow you to extend the term of coverage . However , that extension will be expensive . If you need a lot of coverage for ten years or less , and you will not need the coverage after ten years , then the 10 year term policy is your best buy .


Input: What Is A 10 Year Level Term Life Insurance?

Output: 10 year level Term Life Insurance refers to a term life insurance policy that will not go up in price for 10 years . It also should have the same face amount for 10 years . Without a rider stating otherwise , after 10 years , either the policy will lapse , or the premium will jump up to a very high amount and will no longer be guaranteed to remain level .


Input: Does Disability Insurance Cover Mental Illness?

Output: If the mental illness is a pre-existing condition , a new Disability Insurance policy might not cover it . If you got the Disability Insurance before being diagnosed with the mental illness , check your policy 's wording to see if it covers disability due to mental illness . If a group policy , most limit Disability benefits for mental illness to a duration of two years .


Input: Where To Buy Life Insurance From?

Output: Since you 're asking where to buy life insurance I 'm guessing you do n't have an insurance adviser that you work with . So my first suggestion is to locate an insurance adviser in your area . Try an internet search or the phone book . When you interview advisers find out if they are able to sell policies from a number of insurance providers or only one . Find out which Mutual Insurance companies they work with . Mass Mutual , New York Life and Guardian are the strongest , and in my experience Mass Mutual is the best because they put the client 's interests above their own . So if you ca n't find an Insurance Adviser/Broker , call your local Mass Mutual agency .


Input: Where To Buy Life Insurance From?

Output: Buy a life insurance policy from an agent that you trust . If you dont have an agent , get a recommendation from a friend , colleague or neighbor . Make sure that you can work with the agent and that the agent accurately records the information that you provide . When the policy is delivered make sure that it is exactly what you ordered . Companies are supervised by your state insurance commissioner and the commissioner is committed to protecting the buying public .


Input: Where To Buy Life Insurance From?

Output: Life insurance companies usually sell their products through agents , although some carriers sell products directly online or via snail mail . Life insurance agents are either captive , independent , or brokers . Captive agents usually sell for one company , whereas independent agents and brokers can sell products from multiple companies . Some people like to stick with one company for all their insurance needs -LRB- home , car , health , life , etc -RRB- . For them , a captive agent may be best . Others want to get the lowest price for each type of policy they purchase . Using an independent agent or broker can help you get a life insurance policy that is most competitive for your age , health , or type of policy that best suits your needs . Any of these options can be found online . Websites that offer online quote engines generally can do nearly all of the transaction digitally or by mail . Other websites tell you about the company so that you will call them to set up an appointment . Whatever you are most comfortable with is where you should buy your life insurance from .


Input: Where To Buy Life Insurance From?

Output: This can actually be a bit of a loaded question because the type of coverage you 're looking for , your need , your risk class , premium tolerance , and a number of other factors will really direct where you should go to buy your insurance . If you 're strictly looking at who is a `` top '' carrier , American General , MetLife , and Prudential -LRB- to name a few -RRB- may fit the bill . If you 're looking at just financials such as who has an A + + rating versus A + , A , A - , etc , Guardian and MassMutual may be more to your liking as they have the most superior financial rating that is given by A. M. Best . There 's hundreds of insurance companies out there . A life insurance policy with company ABC may be right for you , but not for someone else . You need to consult with an independent broker to determine which carrier will be good for your policy . Send me a private message if you would like to review quotes or have other questions .


Input: Is Life Insurance Portable?

Output: If you purchase a life insurance policy on your own -LRB- outside what your employer offers -RRB- , it is always portable . You can move across the country , or to another country , and as long as it was bought with full disclosure , it will pay the death benefit if you pass away .


Input: Is Life Insurance Portable?

Output: If you got your life insurance through your employer you may be out of luck . Most employers only provide term or temporary life insurance . When you leave the company , you lose the insurance . For this reason you are always better off buying permanent or whole life insurance on your own . Thank you . Gary Lane , 714 422 9616


Input: Is Life Insurance Portable?

Output: That is an excellent question ! I am really glad that you asked . Many people believe that because they have a life insurance policy through their employer that they are fine . Unfortunately , if they lose the job , they find that they also are no longer insured . A policy purchased outside of the workplace remains , even when you take another job . It 's `` portable '' , in the sense that it `` travels '' along with you . I hope that helps , thanks for asking !


Input: Is Life Insurance Portable?

Output: Generally , the answer to your question is yes , it is portable , if you mean that you purchased life insurance through your employer and you now want to leave that employer and take your life insurance with you personally . You would normally convert the policy to an individual plan and set up payment directly with the insurance carrier . Not all employers or life insurance carriers allow this but many do in todays environment . Again , generally , this is a good idea to take this insurance coverage with you especially if you have a health condition , are overweight or possibly even a smoker . Many employer life insurance plans have a guaranteed issue amount that is issued to all employees regardless of health , gender or possibly even smoker status , so therefore life coverage on the `` open market '' may possibly be more expensive . If you are young and healthy though , it probably would be a good idea to consult an independent broker to replace that employer coverage as the rates may be much better to have a new personal policy . If you just have a personal life insurance policy that you purchased through a broker for example , yes the policy is portable as long as you continue to pay your premiums


Input: Is Life Insurance Portable?

Output: This solely depends on the plan you have through your employer . The basic plan they offer is usually not portable however if you apply for additional coverage , this amount may be portable . Remember , consult your HR person at the company you work for . If the policy you have is through what we call Worksite Insurance , then yes , it should be portable . Group Plans tend not to be as flexible however may have this built in . I like to always recommend that you seek out your agent/broker to determine how much you really should have versus what you currently have . This way , even if you do not opt for more , you will know the shortfall and your beneficiaries may be able to make adjustments accordingly .


Input: Is Life Insurance Portable?

Output: Group term life is the policy most often provided by an employer . If you leave that employer you may not be able to take that coverage with you . You might be able to convert the policy to a permanent policy without providing evidence of insurance if you do so shortly after termination . If you are in good health you can apply for the policy that meets your needs and matches your budget . That is what a life insurance agent does for you .


Input: Does Life Insurance Cover Testing For Herpes?

Output: No , life insurance does not test for herpes , but the life insurance application may ask if you have any STD 's . The insurance company will not do a specific blood test that is able to detect herpes . To obtain a life insurance quote while having herpes , call an agent that works with health conditions . They will be able to quote you the best price by asking several companies on your behalf , without giving your name .


Input: Does Life Insurance Cover Testing For Herpes?

Output: Not at all . However , as was said above , there are applications for life insurance which would ask abotu STD 's . Still , the major one life insurance comapanies are most concerned with remains AIDS/HIV . Also DMV records and such depending on your age . However , if you have gotten treated for Herpes and there is something on paper ata doctor 's office saying as much , it MIGHT pop up on the medical records check that a life insurance company might do . Just an FYI .


Input: How To Determine Renters Insurance Coverage?

Output: Make a list of everything in your rental unit that belongs to you . Alongside each item , estimate its replacement cost . If you wish you can have another column showing its current value . When you are done total the column and you have the replacement cost coverage that you need for personal property . When you contact your insurance agent give the agent that number and then ask for a quote with the maximum amount of liability coverage available .


Input: Which Auto Insurance Company Pays For Injuries If you Are Injured In An Accident As A Passenger?

Output: That is a really good question ! I am glad that your son was n't badly hurt ; God is good ! Insurance companies on the other hand are not quite so giving ... In a no fault State , the payment for claims is not dependent upon who caused the accident . Each person files with their own company , regardless of who was at fault . Your son 's insurance company would therefore be liable for the claim for damages and/or medical expenses , and would pay them according to the terms dictated in the policy . That would include , unfortunately , the deductible and co-pays . They should cover everything over those , but I 'd expect them to poke you for the deductible and your son 's share of the expenses . You can try to dispute it , and with the help of a lawyer , possibly be able to sue in small claims court the driver -LRB- or the other driver , if there was another car that had caused the accident -RRB- for those costs . I hope it all works out well for him and you , and that his healing is quick and complete . Thank you for asking !


Input: Which Auto Insurance Company Pays For Injuries If you Are Injured In An Accident As A Passenger?

Output: Firstly , we hope your son continues to recover and has a full and speedy recovery . Our thoughts and prayers are with him . If you are injured in an automobile accident , and you have minor or significant injuries , nearly all companies will pay for the medical expenses , up to the stated limits of the policy that is providing coverage . Medical payments coverage , although optional , is covered on nearly all policies in `` fault '' states . If the driver of the other car is at-fault , they are required to carry specific minimum limits of bodily injury . Typically it is between $ 15,000 and $ 30,000 per person . If it is a `` no-fault '' state , PIP -LRB- Personal Injury Protection -RRB- is typically required and will pay for the damages , although it does not matter who was at fault . Lost wages would also be covered . If the other driver has no car insurance , then uninsured motorist protection of the driver of your vehicle can step in and pay . If your driver is not covered , you can utilize your healthcare coverage or begin litigation against the driver . IMPORTANT : Answer was provided by Edward Harris , one of the leading US car insurance brokers with more than 30 years of experience . His award-winning website Carinsurancezoom.org provides free online quotes and offers the lowest auto insurance rates from the most reputable companies .


Input: Which Auto Insurance Company Pays For Injuries If you Are Injured In An Accident As A Passenger?

Output: Hope your son is getting better ! In Washington State , we have a mandatory coverage called Personal Injury Protection . This provides medical coverage for the driver and all passengers in case of an accident . A waiver needs to be signed if the client does not want this coverage . Most insurance companies should have a similar coverage -LRB- might be called something different depending on state/company -RRB- . This coverage also covers the named insured -LRB- owner of the policy -RRB- as a pedestrian if they are hit by a car .


Input: Is Whole Life Insurance A Good Option?

Output: The answer to any financial question should always be prefaced by `` it depends on the need of the individual '' . That said , there are significant benefits for someone who owns a whole life participating policy . Whole life , a form of permanent life insurance , features guaranteed premiums , death benefits and cash value . Whole life policies also give you the potential to receive dividends which can increase the value of the policy or provide an increased death benefit for beneficiaries . Unlike term , the death benefit will last your entire lifetime and the monthly premium will be locked in at the date of policy inception according to your `` rating '' . So , if you are 35 and get rated `` Preferred Non-tobacco '' that will give you a monthly premium that will not change for your entire life , regardless of any health issues - as long as your premiums are current . The second important value of whole life insurance is the accumulation of cash inside the policy on a tax-deferred basis . Over time , the cash value increases can be significant and you can borrow cash from your policy at a favorable interest rate . Many people have used this as a source for college funding or even a retirement income stream later in life . These policy loans are generally tax free . There is a lot more to Whole Life policies that can be addressed when considering your personal situation and I would recommend contacting an independent insurance agent that can review your particular needs and situation .


Input: Is Whole Life Insurance A Good Option?

Output: The short answer is it depends . Whole life insurance has it 's place in a persons financial plan as do the other types of life policies . Whole life insurance is designed to last your `` whole life '' as a death benefit to loved ones at a level premium . However , because of the cash value it accumulates it is known as the Swiss Army knife of life insurance . The funds can be used for retirement savings , college funds or cash during a critical illness . Whole life gets criticized because it 's premiums are more expensive than it 's term life counter parts . Depending on your personal situation you may want to consider both whole and term for your protection . I am always glad to help .


Input: Is Whole Life Insurance A Good Option?

Output: After you have determined the amount of coverage you need to leave those you love in a good state when you die , you should at least investigate the possibility of purchasing whole life insurance to cover the entire need . If the premium is more than you can handle , mix the whole life with a term rider or another term policy to provide adequate coverage but maintain as much permanent coverage as possible . In the long run , the whole life coverage will provide flexibility that can be extremely important later in your life .


Input: When To Get Renters Insurance?

Output: The answer here is some one or two circumstances will dictate when you buy renters insurance . 1 -RRB- you come to realize that all of your `` stuff '' would be hard to replace and expensive too . So you have an interest in buying renters insurance . Or 2 -RRB- your landlord is not taking any chances with you and your ability to pay for damages you cause or contribute to and requires that you have some coverage in place .


Input: Who Publishes The Medicare Fee Schedule?

Output: The MPFS or Medicare Physician Fee Schedule is provided by CMS . There are a couple ways to access MPFS . Visit www.cms.gov and choose the tab that says MEDICARE . The next step is to select Physician Fee Schedule . On the Physician Fee Schedule page , the first item in the left margin is the Physician Fee Schedule Look-Up Tool . Select the Physcian Fee Schedule Look-Up Tool and it will display directions on how to use the searchable database . The Look-Up Tool allows you to search payment amounts , RVUs -LRB- relative value units -RRB- , and procedure codes . You can also view the national payment amount , the payment amount for a specific Carrier , or the payment amount in a specific location . The published Physician Fee Schedule Look-Up Tool is updated quarterly and provides information on more than 10,000 physician and non-physician practitioner services .


Input: Who Doesn Need Long Term Care Insurance?

Output: If you do not have an estate to protect then you may not need Long Term Care . If you can qualify for Medicaid or a Medicaid waiver program then you do not need long term care . If you do not mind spending down all you have worked for during your life to go on Medicaid then you do not need long term care . If you have an estate you want to pass to your heirs , loved ones you want to protect from the burdens of caring for you when you become sick and can no longer care for yourself then you do need long term care insurance . If you want choices on where you are cared for then you need long term care .


Input: What Are The Services That Can Be Paid Through Medicare D?

Output: Medicare Part D provides prescription drug coverage . If you 're referring to physician services , this would be provided under Medicare Part B -LRB- your physician insurance -RRB- . You can find out information about all aspects of Medicare Part D on the Medicare.gov website - you can also contact an insurance broker for help as well .


Input: Who Is An Assignee For Life Insurance?

Output: An assignee for life insurance is the person or entity that would get part of the proceeds of a life insurance policy upon the death of the Insured . Life insurance is sometimes used as collateral for a loan , and a collateral assignment form is used . The assignee is the lender and the amount of the death benefit that would be received is the amount remaining on the loan .


Input: What Licenses Are Needed To Sell Variable Annuities?

Output: In Canada , a life insurance license is required to sell variable annuity or segregated fund . A segregated fund is similar to a mutual fund , but because it is issued by an insurance company it has several features and benefits . Before you buy a segregated fund an information folder has to be provided . 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: Is Aflac Disability Insurance Worth It?

Output: Insurance ... . be it Disability Insurance or Long Term Care Insurance or Life Insurance or whatever type of insurance that you buy ... . is not really worth the money put into it unless you need it . But if you do need it , it is beyond worth it . Also , the peace of mind that having insurance gives has a value . So Aflac Disability Insurance is worth it if you become disabled . And if you do n't , it may be worth it to you to not have had to worry about the possibility of being without an income for any significant length of time .


Input: How Much Are Homeowners Insurance Premiums?

Output: Homeowner 's insurance premiums can be not very much ... or quite a bit . I know . Not the answer you were looking for . But there are so many variables , it 's hard to quote specifics without knowing more details . Is your home replacement cost $ 90,000 or $ 900,000 ? Built in 2010 or 1960 ? Brick or frame ? So much information is needed that in fairness ... you would have to submit a quote request .


Input: What Are The Benefits Of Universal Life Insurance?

Output: The main benefits I see in Universal Life insurance are : A . The ability to purchase guaranteed permanent coverage at the least possible premium in policies that are designed for that purpose -LRB- because of minimal to no cash value -RRB- , and B. Flexibility . You can increase the premium , dump in cash , or reduce the face amount to make this one Universal Life policy a vehicle that can meet the life insurance needs of a family for a lifetime .


Input: What Are The Benefits Of Universal Life Insurance?

Output: Universal life offers many benefits , including : Guaranteed death benefit as long as premiums are paid Flexible premiums - pay the minimum to guarantee the death benefit or pay more the minimum to accumulate cash and take advantage of the tax treatment of life insurance Design policies to last as short , or as long as you like At older ages , sometimes a Universal life policy can be more cost effective than term Indexed Universal Life insurance can be a great vehicle to save for retirement , college funding , or any other future money needs


Input: Does Medicare Pay For Echocardiogram?

Output: Yes ! Medicare will cover an echocardiogram . Your doctor must order/prescribe one.An echocardiogram is covered under Medicare Part B. Medicare will pay for about 80 % of the costs after the Part B deductible is met -LRB- $ 147 in 2014 -RRB- - you would be responsible for the other 20 % and the Part B deductible . Please note , when you first enroll in Medicare Part B , you open your 6-month initial open enrollment period to buy a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- with NO MEDICAL UNDERWRITING ! . A Medigap plan can cover the deductibles and a portion or all of the other 20 % of expenses covered by Part B and features a number of other big advantages as well . An experienced broker can help find the plan that 's most suitable for you and your budget . Please let me know if I can be of help . Thanks very much .


Input: What Does Health Insurance Test For?

Output: Most health insurance applications do not require blood or urine specimens . But on occasion an underwriter will ask for a physical exam including certain tests . If you have a history of abnormal test results in the past , such as high cholesterol counts , or blood or sugar in your urine , testing may be requested . Sometimes an underwriter will request an EKG if you had cardiac tests in the past that were abnormal .


Input: Which Health Insurance Covers Everything?

Output: Health insurance will cover just about everything that is medically necessary . If you 're looking for coverage for elective procedures -LRB- e.g. cosmetic surgeries that are n't medically necessary -RRB- , you would be paying 100 % of those expenses . In short , once you hit your annual out-of-pocket maximum , any additional care given for the rest of the year would be covered at 100 % . Until that point , you would be responsible for paying your deductible and any coinsurance or copayments for services provided by healthcare professionals -LRB- your doctors , nurses , surgeons , etc. -RRB- .


Input: Is It Easy To Switch Homeowners Insurance?

Output: As long as you work with a broker who understands the process , it 's very easy to switch homeowners insurance . Remember that your mortgage company will need to be advised of this change . Also remember that your homeowners insurance may be part of your mortgage payment , so it 's important to make sure the escrow is straightened out properly . It 's also very important that you not cancel your old homeowners insurance until you have evidence of the new policy starting .


Input: How Much Does It Cost To Start Life Insurance?

Output: Most people buy life insurance policies on a monthly , quarterly , semi-annually or annual payment plan . When you start your policy , you pay the first premium and keep paying it for as long as you want the policy to be in effect . If you buy Whole or Universal Life , you have the option to pay one premium at the start of the policy that will keep your policy in effect for the rest of your life . Obviously , this option costs much more at the start than paying on a regular payment plan , and very few people can afford that option . But over the duration of the policy , paying a single premium can save you money .


Input: How Much Does It Cost To Start Life Insurance?

Output: There is no monetary expense to start looking for coverage . I would suggest working with an experienced life insurance broker to get your coverage in place - brokers do not charge fees for their services . Determining the premiums for a policy depends on a number of factors - it will be different for every person . These factors include the proposed insured 's age , amount of coverage they want , how long they want the coverage for , their riskclassification -LRB- determined by the medical history -RRB- , and whether they 're applying with fullunderwriting or non-medical term coverage . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical term life insurance policies will almost always cost much more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Does It Cost To Start Life Insurance?

Output: Good question , it really does not cost anything , the only thing you would have pay is your premiums , and it can vary . Depending on many different things , there are different types of life insurance policy tho . You have Term , Variable , Whole life , and Index Universal Life .


Input: How Much Does It Cost To Start Life Insurance?

Output: You can start life insurance very inexpensively ! Of course there are a number of variables , and 3 of the biggest things that determine the cost of insurance are 1 -RRB- gender of the insured 2 -RRB- age , and 3 -RRB- health of the insured . Then the amount of insurance and the type of insurance become big factors . Term insurance is the cheapest and has the least living benefits and the most drawbacks . Whole life has the highest cost , but also has the greatest value and the most living benefits . So you can see that if you start with a short Term policy for a low benefit amount you can start with just a few dollars per month - assuming you 're under 85 years of age and in reasonably good health . Personally I advise to buy Whole Life insurance and the most you can afford ! You might want to check out a couple short articles here : WEBSITELINK and this one : WEBSITELINK


Input: Does Renters Insurance Cover Guests Property?

Output: At the option of the company , they may cover personal property owned by a guest or a domestic employee while it is located in the insured property . The coerage does not increase the coverage limit of the policy . If these guests are actually boarders , then their property is not covered .


Input: Who Is Eligible For Medicare In Connecticut?

Output: People who are eligible for Medicare in Connecticut are those who have paid into Medicare for at least 10 years through Social Security taxes and : 1 -RRB- Turned age 65 , 2 -RRB- been on Social Security Disability for two years , 3 -RRB- have end stage renal disease , and/or 4 -RRB- have ALS . There are guidelines , additions , and exceptions for all of the above that you can find at www.medicare.gov .


Input: When Can I Switch Health Insurance?

Output: For a person in the individual health insurance market after January 1 , 2014 you can switch your health insurance in a limited number of circumstances under the requirements of the Affordabel Care Act . 1 -RRB- During the open enrollment period , which ended on March 31st , 2014 . The next open enrollment period begins on November 15th , 2014 for an effective date of January 1 , 2015 at the earliest . 2 -RRB- Having a change of life status event . There are several things that can occur in your work or personal life that would allow you to enroll or change carriers outside of the newly established open enrollment periods . Some examples are ; - Loss of employer based coverage due to termination of employment or reduction in hours . - COBRA expiration : your COBRA or state continuation of coverage period expires - Loss of a Government Sponsored Plan - loss of eligibility for Medicaid , CHIP , Medicare , TRICARE , Veterans programs , Peace Corps programs - Loss of Minimum Essential Coverage - loss of an existing policy with Minimum Essential Benefits such as ; a Student Health Insurance plan or State High Risk Pool coverage - Birth , Adoption , Foster Care or Legal Guardianship - Marriage - No longer being an eligible dependent ; loss of employer sponsored or individual coverage because you are no longer eligible as a dependent . Generally this would mean you have turned age 26 . - Divorce from a policyholder - Termination of a pre-ACA individual plan during 2014 -LRB- this does not apply to short term major medical insurance plans -RRB- - Moving : you move out of state , or to a new area that offers different plan options or is outside of an HMO plan 's service area - Returning from active military service - Being released from jail - Newly eligible or ineligible for exchange subsidies or premium tax credit or cost-sharing reductions . This would mean a change in income levels have either now qualified you for subsidies you did not previously qualify for or have disqualified you for subsidies that you previously qualified for . - A material violation by the health plan : the health plan you enrolled in violates a material provision of its contract This pretty well covers the situations in which an individual can switch their health insurance under the conditions of the Affordable Care Act .


Input: Can Health Insurance Companies Exclude Pre Existing Conditions?

Output: Under the affordable care act , a health insurance company can not deny you coverage for any pre-existing medical condition or other related illness . Please note , you can only apply for a health insurance plan during the annual enrollment period unless you have a qualifying event -LRB- e.g. getting married , having a baby , coming off of group coverage , etc. -RRB- for a special enrollment period . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can Health Insurance Companies Exclude Pre Existing Conditions?

Output: That is a great question ! One of the great things that the Affordable Care Act -LRB- Obamacare -RRB- did for us was remove the pre-existing condition exclusion . Health insurance companies can no longer deny you coverage because of your pre-existing condition , nor can they cap your life time expenses . When you go to enroll , head to the Healthcare marketplace , WEBSITELINK and see if you qualify for discounted insurance . A great many people do . Good luck , and thanks for asking !


Input: What Does Title Insurance On A Home Cover?

Output: Title insurance is not homeowners insurance . Title insurance is what a Title company will take out to protect you and the Title companyin-casethe Title is not clean . Here is an example . You buy a house from John Doe . The Title company does there job and sees John Doe is the only owner and the sale and transfer of title is clean . However John had asisternamed Jane Doe that no one knew about who was also on title of the home and did not approve of the sale . What now ??? This is where title insurance would come in . Title Insurance would pay for any potential loss due to abotchedup deal . Usually the title insurance would pay off Jane to complete the sale since it was already finalized but there are several different ways this could go . I hope this helps to give you an idea of how title insurance works .


Input: What To Know When Getting Renters Insurance?

Output: Great question ! There are a couple of things to consider , when looking for a renters policy . The first is an idea of the coverage amount that you will need . It will help if youhave a list of your items , model numbers , serial numbers , and receipts , if possible . Many insurers will use a scale amount , and if you can show a greater value , thenyou want the coverage to reflect it . You may have some expensive tastes in electronics , lets say , that might otherwise be undervalued without proof of what they are worth . That leads us to the second point - ask for replacement value , vs. actual cost . The insurance company will pay a claim on the actual cost method by taking the value of your electronics , and subtracting an amount to cover them for the cost of depreciation and wear and tear on those items . Under replacement value , they will take the value as what it would really cost to replace that same , or similar , equipment . You can see that might be a big difference . It may cost you a couple of bucks more , but you will appreciate it if you ever need to file a claim . The third thing to consider is the coverage , and deductibles . You want to get the most coverage with the least out of pocket expense for you . Lastly , find a good local agent that will work with you , and that you will trust . I hope that gives you a better idea of what to look for.Thank you for asking !


Input: What To Know When Getting Renters Insurance?

Output: The most important thing to know is the agent with whom you are doing business . A trusted agent will guide you to correct coverages . Setting correct limits is the most important consideration that you can make in regards to renters insurance . There should be enough coverage to satisfy your landlord , enough coverage to make you whole if everything goes up in smoke , and enough coverage to protect you in the case of a lawsuit .


Input: How To Account For Cash Surrender Value Of Life Insurance?

Output: The cash surrender value is the amount the policyholder would receive if the policy was cashed in . This amount in shown on the balance sheet under Investments , Long Term Assets or Other Assets . As the company pays a premium , part is expense and part applies to cash surrender value . The difference between the premium paid and the increase in cash surrender value represents an expense . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Does Medicare Supplement Plan N Cover?

Output: Medicare supplement plan N covers the same things as Medigap plans F and G , but with a different level of benefits . Medicare supplement plan N acts to fill the `` gaps '' in Medicare Part A and Part B. Plan N pays your Part A deductible and coinsurance . Plan N pays a portion of your Part B expenses above the deductible but requires you to pay a copay for outpatient services and ER visits .


Input: What Does Medicare Supplement Plan N Cover?

Output: Medicare Supplement Plan N is a standardized Medigap Plan . Every insurance company who sells Plan N offers the same exact benefits . The only difference is the price . Plan N covers the following : 100 % of the Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up . 100 % of Medicare Part B coinsurance , except for a copayment of up to $ 20 for some office visits and up to $ 50 copay for emergency room visits -LRB- waived if admitted -RRB- . 100 % First 3 pints of Blood 100 % Part A Hospice Care Coinsurance or Copayment 100 % Skilled Nursing Facility Care Coinsurance 100 % of Medicare Part A -LRB- hospital insurance -RRB- Deductible 80 % to a lifetime max benefit of $ 50,000 for Foreign Travel emergency . Plan N does not cover : The annual Part B deductible -LRB- $ 147 in 2014 -RRB- Part B Excess Charges -LRB- Above the Medicare Approved Amount -RRB- If you have any other questions about Plan N or other Medigap Plans , please feel free to contact me at 1-888-411-1329 or visit www.remedigap.com .


Input: Is Health Insurance Pre Tax?

Output: You 've touched on one of the inequities of our system , the essentially unequal tax treatment of individual versus group health insurance . Group health insurance plans are tax advantaged in two ways ; 1 -RRB- what the employer pays towards coverage is a deductible business expense , and 2 -RRB- the employee 's share of their insurance premium costs can be deducted from their paychecks on a pretax basis and reducing their net cost of buying health insurance . Neither of these tax advantages apply to individual health insurance coverage a person might purchase for themselves . Though , as of January 1 , 2014 , under the provisions of the Affordable Care Act , person 's purchasing individual health insurance through the government marketplaces may qualify for an advanced premium tax subsidy depending upon their income level . So , in simple terms , in the group health insurance world you may be able to pay for your portion of your health insurance on a pre-tax basis but in the individual health insurance world you are generally in a post-tax payment environment -LRB- I 'm not going to stray into how some small business owners structure their business expenses and taxes as it regards these matters -RRB- .


Input: Will Annuity Rates Increase?

Output: Unfortunately no one can say for sure if annuity rates will in fact increase . We can assume that if interest rates continue to increase than we will see annuity rates increase since they are interest sensitive investments . But we can not say with absolutely certainty that this will happen and we also do not know when it will happen or by how much rates will increase .


Input: Is Home Insurance Required In Ohio?

Output: While Homeowners Insurance is not required by law , Mortgage companies require it . A home is a big investment . Why would a person not want to protect that investment ? Home insurance protects you against multiple perils such as Fire , Lightening , Wind , Hail and more . In addition , it provides liability protection if someone is injured on your property .


Input: Why Buy A Medicare Advantage Plan?

Output: The reason most people buy a Medicare Advantage plan is because the monthly premium is very inexpensive and in some areas can be $ 0 per month . Everyone likes that number , however , you should consider all the aspects of the plan . The '' max out of pocket '' number per year is an important one to know when picking a Medicare Advantage plan . It can be as high as $ 6,700 per year . You can buy a Medicare Advantage plan or a Medicare Supplement plan . You should work with an agent that specializes in Medicare plans so they can explain both to you .


Input: How Much Would Car Insurance Be For An 18 Year Old Female?

Output: You can also read more detail at this link : Information on SR22 Insurance Quotes and cheapest auto insurance WEBSITELINK


Input: How Much Would Car Insurance Be For An 18 Year Old Female?

Output: Car insurance rates on an 18-year old female will be lower than rates on a male ! And perhaps by quite a bit . But your exact premium depends on many factors including your age , where you live , your driving record and perhaps other variables . If the car is titled to a parent -LRB- highlyrecommended -RRB- , you 'll probably pay less than having to insure the vehicle on a separate policy . You 'll also retain many discounts that your parents currently receive .


Input: Does renters insurance cover damaged clothes and jewelry?

Output: That answer depends on the type of loss occurred . If you have a policy that offers Special coverage than you are covered for everything but what is excluded . If you have broad or basic coverage then you have a list in your policy of what types of losses are covered . Typically jewelry will have a separate limit with a maximum of $ 500 per item . Clothes are considered part of your contents coverage and have no other limits . Let us say it was a fire , then your clothes could be covered up to the limits of your policy and jewelry would be subject to the separate limits listed .


Input: Does renters insurance cover damaged clothes and jewelry?

Output: Your clothes and jewelry are covered under a renters policy . They are covered against loss from named perils . Most renters policies have a limit on recovery for jewelry . The key is the cause of the loss . Recovery on any loss is limited by the limits found in the declarations of the policy .


Input: Does Homeowners Insurance Cover Shed?

Output: Most homeowners policies include coverage for other structures . Other structures typically are defined small buildings on your property like sheds . The amount of coverage can vary but many carriers provide up to ten percent of the homes coverage value for these . If you have a structure that is of higher value then you may wish to have an endorsement added to your policy to provide the proper level of coverage for the structure .


Input: How Much Does Colonial Penn Life Insurance Cost?

Output: Colonial Penn Guaranteed Issue Life Insurance is a great choice for persons who have a hard time getting life insurance anywhere else . However , if you have good health , the price of this policy is usually going to be higher than policies that are not Guaranteed Issue . Colonial Penn also does offer small policies to those with better health than requires Guaranteed Issue Life Insurance . If you want more than $ 50,000 , you will need to shop other companies that offer larger face amounts than Colonial Penn. .


Input: How Much Does Colonial Penn Life Insurance Cost?

Output: You can get a quote from their website WEBSITELINK If you have any questions about what policy is best for you , you should talk to one of their agents or an independent broker . The Colonial Penn website lists a toll free number . I 'm not sure how much they cost relative to other companies , if that is your question . Good luck !


Input: How Much Does Colonial Penn Life Insurance Cost?

Output: The Colonial Penn website allows you to put in your personal information so that you can obtain an instant quote . They have several types of policies , making it impossible to state how much a policy costs here . There are other websites that also give instant quotes , so it would be a good idea to look at more choices and to compare .


Input: Will Medicare Pay For TMJ?

Output: TMJ is a disorder of the transmandibular joint of the jaw . It can cause intense pain . Medicare Part B will cover TMJ care , including surgery , if performed by a medical doctor or Medicare-participating oral surgeon who is not a medical doctor . Dental care is not covered by Medicare , even if for TMJ .


Input: Will My Insurance Cover Damage To A Rental Car?

Output: It is possible that your auto policy will extend coverage onto a rental car while it temporarily replaces yours . Remember though that if you have an older car and are just carying liability , that will be the only coverage that transfers . You could therefore be financially exposed without also having Comprehensive and Collision -LRB- Physical Damage -RRB- coverage . Check with your insurance professional . Also , check the terms and conditions of your credit card . Many cards provide some limited coverage for a rental , usually up to $ 500.00 , which in many cases is enough to cover your own auto policy deductible .


Input: What Is A Good Price For Health Insurance?

Output: What is a good price for health insurance ? It depends where you live , your age , existing medical conditions and the type of policy you want . As a broker with 32 years of experience , I answer this question almost daily . $ 50 per month ? $ 200 per month ? It depends . But by contacting an experienced broker , in minutes , you can compare the best rates .


Input: Can You Get Life Insurance With An ITIN?

Output: There are a handful of companies that will issue life insurance with an ITIN on the application . You may need to fill out a foreign travel questionnaire and/or provide the reason that you do not have a Social Security Number in order to be approved for the life insurance policy .


Input: Can You Get Life Insurance With An ITIN?

Output: This depends on why you have an Individual Tax Identification Number and not a Social Security Number . The biggest concern for most insurers will be how much time you spend outside of the United States and where you go when you leave the United States . All insurers keep a list of countries that they deem unsafe and will not issue a policy if that is your country of citizenship .


Input: Does Homeowners Insurance Pay For Tornado Damage?

Output: Unless wind is specifically excluded , which would be extremely rare , -LRB- I have never seen it -RRB- , then damage done by a tornado is covered . However , keep in mind that homes near the coast or tornado prone areas , generally have a separate and much higher deductible for damage done by windstorm aka tornado then the deductible for all other covered perils such as fire or water damage from leaking pipes or theft .


Input: Does Homeowners Insurance Pay For Tornado Damage?

Output: Unless a policy specifically excludes such damage , then it would be covered . It is best to check with your Insurance Professional about the specific terms and conditions of your policy because they can vary region by region . In coastal areas for example , in addition to the standard policy property deductible , the policy may also contain a separate deductible for windstorm or hurricane .


Input: Does Homeowners Insurance Pay For Tornado Damage?

Output: When there is an occurrence that isnt expected or intended by the owner to the roof there is probably coverage . This coverage means payment for physical injury to tangible property and this includes the loss of use . Many companies adjust a roof claim by the life of the roof rather than the replacement cost .


Input: Can You Sue Your Own Homeowners Insurance?

Output: A homeowners policy is a legal contract . That contract may include a provision that says that you can not sue the company but must arbitrate . You should consult with an attorney . In most states you would still be free to sue . You would basically sue the company for not performing their obligations under the contract .


Input: Can I Put My Nephew On My Health Insurance?

Output: No . You generally can only put either your spouse or your child on your health insurance plan . If you are the legal guardian of your nephew -LRB- with proper documentation -RRB- , you may be able to add them to your plan . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can I Put My Nephew On My Health Insurance?

Output: No , a nephew does not generally fall within the criteria of being an immediate family member -LRB- like a spouse and/or natural born children -RRB- from the legal perspective of state insurance departments and insurance carriers . The notable exception to this would be in the case where you have assumed legal guardianship for your nephew and have a court order making you the responsible adult for caring for your nephew .


Input: Is Disability Insurance A Deductible Business Expense?

Output: In a word , yes . But , it 's more complicated than that . There are three different types of DI insurance and each has its on tax-treatment strategies .1 . Individual disability insurance -LRB- IDI -RRB- - This is what most people are referring to when they use the term `` DI '' . It replaces a percentage of income . It comes in two flavors : long-term and short-term . If the premium is deducted as a health insurance medical expense on a schedule C , the income replacement benefit - should one become disabled - may be taxable as regular income . If it is `` paid-out-of-pocket '' , the income replaced when disabled is not income taxable . The choice should be referred to a qualified tax advisor as insurance agents are not authorized to advise on tax issues . However , I do n't know a CPA that would recommend deducting premiums as a health insurance business expense . If one becomes disabled , they are going to want their benefit checks to be free from income taxes .2 . Business Overhead Expense -LRB- BOE , or simply OE -RRB- - If a business owner or partner becomes disabled , this type of insurance pays for a percentage of fixed business expenses . In my experience , tax advisors will direct that the premiums for this coverage be deducted as a business expense because while that makes the benefits income-taxable , the benefits will immediately pay for business expenses which are deductible . So , it 's a bit of a wash , so to speak .3 . Buy-out disability insurance - This type of DI is most commonly purchased to sever a business relationship of an owner or partner that becomes totally disabled and thereby be a drain on the business without being able to actively produce or grow the company . The amount paid out is a lump sum which can be based on percentage of ownership -LRB- or stock -RRB- and theoretically be placed into a fund that would produce a continuing income to the bought-out owner or partner . Typically , the business owns this policy and pays premium on it . The tax treatment of the premium and payout depends on how the Articles of Incorporation are written or what kind of buy-sell agreement is in place . Both the company attorney and tax advisor need to be in on how the contract is titled and who pays premium at the time of application.It is imperative for the consumer of DI insurance to consult with qualified legal and tax advisors if there is any question at all about how the payment of premiums will be treated and/or the benefits used . The agent may offer an opinion , but it should not be accepted as legal or tax advice .


Input: What Does Guaranteed Issue Mean Life Insurance?

Output: Guaranteed issue life insurance usually has a minimum age requirement -LRB- age 50 is a common one , but varies -RRB- . It also has a low maximum face amount -LRB- often under $ 25,000 -RRB- . And guaranteed issue policies are generally graded during the first 2-4 years , which means that they would pay out a reduced benefit , or return all your premiums plus a little extra , if death occurred due to illness . Sometimes , what is commonly called guaranteed issue life insurance does not actually live up to the title . E.g. . There may be a clause that the applicant can not be residing in a nursing home . So be sure to read the fine print to see if a guaranteed issue policy will work for you or your loved one . But also keep in mind that there are many simplified issue policies available that someone might qualify for by just covering a few health questions with a knowledgeable agent .


Input: What Does Guaranteed Issue Mean Life Insurance?

Output: It usually means you are guaranteed issue of a policy with that particular company . Guaranteed Issue tend to be very expensive insurance policies and are n't a good choice for a healthy individual as the policy pricing is set up for an unhealthy person . The simplest rule of thumb for the purchase of insurance is the more questions asked and answered , the cheaper the rates will be . Unasked questions tend to drive up premiums . That said , if your health is such that the possibility of going through underwriting successfully is n't great , a guaranteed issue policy may be the best thing for you . As they say `` It 's beats a poke in the eye with a sharp stick . ''


Input: Is Income From Disability Insurance Taxable?

Output: Disability insurance is non taxable as income . This insurance is designed to keep the income coming in event a person is injured and not able to work . Workers Comp is designed for injury at work only and your own policy can cover you both at home and work . You can have your own even if you are collecting Workers Comp .


Input: Is Income From Disability Insurance Taxable?

Output: If you paid for your own Disability Insurance policy with `` after tax '' money -LRB- earnings that you paid taxes on -RRB- , your income from your Disability Insurance policy should not be taxable . If you need to collect on your Disability Insurance policy , you will be in a circumstance where this will be a very welcome benefit .


Input: When Are Medicare Premiums Calculated?

Output: If you are referring to Medicare Part B premiums - they are calculated by your IRS tax returns - 2 years prior . So if you retire in 2014 , you would sign up for Medicare A -LRB- if you have n't already -RRB- and Part B . The premium for Part B will be calculated by your 2012 tax return . In 2015 it will be calculated by your 2013 tax return , 2016 by your 2014 tax return and so on . Hope that helps ! Belinda www.myseniorventure.com/answers 805-262-7970


Input: Can I Get Auto Insurance If I Don't Have A Car?

Output: Yes you can purchase an auto insurance policy if you do not own a vehicle . This is called a non owned auto policy . This type of policy is not available by all companies but is easily available . I recommend contacting a local agent who can help you to obtain non owned auto coverage .


Input: What License Is Required To Sell Variable Annuities?

Output: In Canada , variable annuities are called segregated funds or seg funds . Licensing is regulated provincially , and a life insurance license is what is required to sell variable annuities . 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 License Is Required To Sell Variable Annuities?

Output: A variable annuity is a registered security product with FINRA and an insurance product under the department of insurance in each state . Any sales representative must be a licensed life insurance agent as well as a registered representative with a series 6 and series 63 to sell variable annuities .


Input: What Is Auto Physical Damage Insurance?

Output: There are two parts of an auto policy that provide for physical damage coverage , one part for you and one part for someone else . The first covers your car and that is the coverage that is found in Collision and Comprehensive elements of your policy . These are subject to your policy deductible . The second element is the liability coverage you have in case you cause an accident and damage someone else 's car or other property . A deductible does not apply in this settlement .


Input: What Is Auto Physical Damage Insurance?

Output: Based on the question I would assume that you are talking about collision coverage for you auto . Collision coverage is typically paired with other than collision coverage in your auto policy and both have their own deductible levels . Collision coverage typicallyprovides for payment of damage to your vehicle when you are involved in an accident even if you are deemed at fault . Please read your policy completely to understand the coverage provided and any exclusions that ther may be or contact your local agent to have them go over the policy with you .


Input: What Is Auto Physical Damage Insurance?

Output: There are two elements of coverage provided by physical damage . The collision element will pay for damage to you vehicle involving an accident with any object that a normal human being can not pick up and move , except Superman , Hulk and Iron Man -LRB- if he has fuel -RRB- -RRB- : A strong farmer , like my grandpa , could move a dead deer , dog , cow , horse or bird so therefor he would collect under the fist element of coverage call comprenshive . comphrensive is the really good stuff for it has been broadened to cover almost any risk of loss except collision with objects . Comp , as we in the profession call it , provides all risk -LRB- any type of loss -RRB- except war and maybe nuclear attack ... oh do n't forget the felony exclusion thingy , it will bite you in the butt .


Input: What Is The Highest Life Insurance Policy?

Output: The highest life insurance policy ever written was written in the spring of 2014 to a California billionaire . It was written for $ 201 million dollars . It was actually underwritten by 19 life insurance companies to share the massive risk . This policy is so large that had one life insurance carrier would have written the whole plan and had to pay the death claim it would have bankrupted the company . The owners name is withheld for privacy . the undisclosed premiums were said to be in the low single millions . Great question !


Input: What Is The Highest Life Insurance Policy?

Output: Most families are thinking life insuranceis high and expensive , so we really ca n't define highest it depends on risk that the insurer will be taking if the client should pass . For the client the only way to know what is best for you is a financial needs analysis which is formulated to ask questions to put your investments in order . Such as a 401k , IRA , stocks , any income , dividends which could change your tax status so with that said never buy without a consultation . John Cole Virtual Financial Group Recruiter / Manager


Input: What Is The Highest Life Insurance Policy?

Output: There 's not really any `` maximum '' to the face amount that can be put on a life insurance policy . There are limits to what a person can purchase however . In general , the maximum a carrier will allow for the face amount of a policy is usually 20x income - some carriers may go up to 30x income . For example , a person making $ 100,000 a year could request a coverage amount up to $ 2,000,000 . Whether or not they will get approved at this amount is another issue . A policy has to be suitable to a person 's need for the coverage . You also have to be able to write the check -LRB- and you want to make sure you can write it comfortably -RRB- . If someone is making $ 50,000 a year and requests a policy for $ 5,000,000 of coverage , the carrier is going to ask why you need it and will likely decline it even if you 're in perfect health , or they may come back and say we will approve you for coverage , but only up to a face amount of $ 1,000,000 .


Input: Does Long Term Care Insurance Require A Physical?

Output: Yes it will . Depending upon your agent and health history you are generally required to take a paramed exam which includes blood and urine testing , a resting EKG , blood pressure , height and weight measurements . Your attending physician statements are also required and prescription drug use will also be requested .


Input: Can You Get Insurance On A Car That Is Not Registered To You?

Output: Typically , you must be the owner of a vehicle to buy insurance that covers it . You can request the transfer of the title on a non-owned vehicle . The process is fairly simple . The car that is not titled in your name can be insured by the owner . He/she can simply contact an experienced broker and request free quotes -LRB- online , if theypreferthat method -RRB- and view the best deals . Once insured , other drivers may alsooccasionallydrive the vehicle if not in the same household .


Input: Can You Get Insurance On A Car That Is Not Registered To You?

Output: If a vehicle that you are driving is not registered to you then you would want to purchase a non-owned auto policy . This type of policy is for a person that does not own an auto but does drive the vehicles of others . It typically only provides liability coverages , not physical damage coverages .


Input: Can You Get Insurance On A Car That Is Not Registered To You?

Output: There are a small handful of carriers that will actually allow you to insure avehicleyou do not own . An example would be dad bought the child a car but wants the child to have his or her own policy . This may be allowed in some cases but you would need to discuss with anindependentagent about these arrangements .


Input: Can You Get Insurance On A Car That Is Not Registered To You?

Output: Typically , you buy insurance on a vehicle that is registered and titled to you . The car insurance declarations page will have your name and other information listed for easy view . However , it is possible that there could be drivers listed on the policy that are not the owners of the vehicle . This is quite common .


Input: Can You Get Insurance On A Car That Is Not Registered To You?

Output: More than likely not . Here in CT , the named insured on the auto policy needs to match the registered owner of the car . Now , that having been said , it would be a very good idea for you to speak with your Insurance Professional about any coverage options that may be available to you . If you are going to be a regular driver of this person ' e car , you may be added to their auto policy . It may also be possible for you to obtain a `` named non-owner ' policy . This would provide you with liability coverage but would not provide any physical damage coverage -LRB- Comprehensive and/or Collision -RRB- on the car that you are driving .


Input: Can You Get Insurance On A Car That Is Not Registered To You?

Output: Depending on your states requirements . In Montana you have to have an insurable interest in the auto . Other cases where you can insure a car that is not in your name is when you have a child living in your home and you have your car and theirs on the policy . There are otherreasons why you would do this example would be your fianc lives with you and you both drive only one car but the car is just your fiancs name the yes you could place this on a policy that you and your fianc are on the policy and even thought you do not own the car you own the policy and they are now the 2nd named insured


Input: Can Drug Use Void Life Insurance?

Output: Life insurance has a two year review period . During that time any company has the right to cancel a policy and issue a refund , if the insured lied in any material manner on the application , or commits suicide . After two years , the company is bound and unless the policy specifically excludes death by drugs , which almost never is the case , the company is obligated to pay , even for a suicide . If you have a drug problem , however , is n't it wise to try to deal with it quickly and protect your health and your family ? Gary Lane , Registered Representative and Agent , New York Life , 949 797 2424 . Thank you .


Input: Can Drug Use Void Life Insurance?

Output: Adding to Peggy 's ... if you do have a history of drug use but are `` cleaning '' up , you may qualify for what we refer to as a graded benefit life insurance . This type of policy for the first 2 years only returns premium paid or gives a percentage of the death benefit if death occurs within first 2 years . The 3rd year pays the entire applied for death benefit . Or you can consider an accident only policy until such time your history is cleaned up .


Input: Can Drug Use Void Life Insurance?

Output: If you are applying for life insurance and cocaine , meth , heroin , or other harmful drugs are found in your blood and/or urine sample , your policy will most likely be declined . However , if you have a life insurance policy that you got in the past , and did not lie or omit anything on that application , then died of a drug overdose , the policy will most likely pay out .


Input: What Is Waiver Of Premium Rider On Life Insurance?

Output: Waiver of premium waives the premiums due if the insured becomes disabled under the riders definition of disability while the rider is in force . This mean the insured would no longer be responsible for paying the premiums unless or until he or she recovered from the disability . Life most disability policies , this rider requires the insured be disabled for a certain period of time -LRB- generally six months -RRB- before benefits begin . Once benefits begin , all premiums due during this six months are refunded to the insured .


Input: What Is Waiver Of Premium Rider On Life Insurance?

Output: A waiver of premium rider on life insurance waives the life insurance policy 's premium payments in case of disability . It allows the policy to stay in effect even if the policyholder is unable to pay the premiums due to becoming seriously ill and/or disabled for an extended period of time .


Input: When To Stop Disability Insurance?

Output: Usually , long term disability coverage extends to age 65 . The older an executive is , the more important disability benefits are . Morbidity events increase with age , terminating coverage or considering the termination of coverage is a bad statistical move in light of mid life disability occurrences . Disability insurance should continue to retirement .


Input: Where Do I Register For Medicare?

Output: Most people will not need to sign up for Medicare . A few months before you turn 65 Medicare will automatically enroll you in Part A and Part B and send you literature and your Medicare card . If you are covered under an employer group health insurance plan you may not need Part B or D until after the group plan terminates .


Input: What Is The Standard Premium For Medicare Part B?

Output: The standard premium for Medicare Part B in 2013 is $ 104.90 per month . This is an increase of $ 5 per month from the standard Medicare Part B premium in 2012 of $ 99.90 per month . For individuals and couples with higher incomes , the premium for Medicare Part B is higher , proportionate to income .


Input: What Are The Types Of Voluntary Health Insurance Plans?

Output: Technically there are n't voluntary health insurance plans but there are voluntary insurance plans that are designed to supplement your existing health insurance plan . Voluntary benefit plans are one of the few growth areas in the health insurance market space and we are seeing new products being introduced and new insurance companies entering this arena on a regular basis these days . Generally , when people are talking about supplementary health plans they are referring to insurance policies that address specific issues such as ; 1 -RRB- Accident insurance - makes a payment to the policyholder when the experience a covered accident like falling and breaking your arm . 2 -RRB- Hospital Indemnity - these policies usually pay a fixed dollar amount per day or per admission for a hospitalization . These policies may also provide fixed dollar benefits for a certain number of doctor 's office visits , urgent care/minor medial or emergency room visits . 3 -RRB- Critical Illness - these policies pay a fixed amount upon the diagnosis of certain specified illnesses such as heart attacks & strokes , organ transplants , cancer , kidney failure . The illnesses covered and the benefit amount will vary from one supplementary insurance carrier to another and from policy to policy . 4 -RRB- Cancer - these policies specifically address the diagnosis and treatment of various types of cancer . 5 -RRB- GAP Plans - plans designed to cover the financial exposure of having a high deductible health insurance plan . There are other variations on the theme and , as stated earlier , this is an area where new products are constantly being introduced . While this trend has been going on for a while , it has certainly been accelerated with passage of the Affordable Care Act -LRB- Obamacare -RRB- and the need to address the movement towards higher deductible plans that shift more cost onto the insured person .


Input: What Are The Types Of Voluntary Health Insurance Plans?

Output: Traditional group health insurance most frequently requires an employer contribution . Voluntary health insurance plans are primarily employee paid , and act to supplement the traditional group policy . Many supplemental health insurance programs are sold as voluntary employee benefits . The most common plans are short and long term disability , critical illness , personal accident , hospital indemnity , and life insurance . Employer sponsored dental insurance is less common today , and may now be classified as voluntary .


Input: Does Homeowners Insurance Cover Pool Leaks?

Output: If you have the right type of homeowners coverage , this question would be easier to answer . The right type of homeowners coverage would cover your property , both real property -LRB- your home , garage , built in pools , etc. -RRB- and personal property -LRB- clothing , furniture , dishes , yard fixtures , things you could take with you if you moved -RRB- for damage unless there is a specific exclusion or limitation in the policy that says it doesnt . I dont think you will find a specific exclusion or limitation for a pool leak but you will find one that says damage caused by wear and tear or deterioration , or inherent vice would not be covered . So the issue would be , why did the pool leak ? If the liner simply wore out from age or there was a defect , you probably wont be covered . But if neither of these apply ; you may find coverage for the damage . Unfortunately , most people dont have the right homeowners policy . Their policies limit coverage on personal property -LRB- such as above ground pools -RRB- to specific named perils . I call these the wrong kind of homeowners policies . If you have this type of policy , you must show the insurance company the damage was caused by one of the named perils . A pool leak is not a named peril . Under that type of policy , I think you are going to be out of luck .


Input: Does Homeowners Insurance Cover Wildfires?

Output: Fire coverage is a part of the most basic form of homeowners policy . In all likelihood , your policy will cover wild fire . Companies routinely stop issuing policies and dont allow changes when property is near a wild fire . In California several major insurers are now reluctant to insure property in the mountains .


Input: How To Choose The Right Retirement Plan?

Output: First consideration is whether the plan should be qualified or non-qualified . If your tax bracket is high and/or your employer matches some of your contributions , a qualified plan should be considered . If your tax bracket is low and your employment does n't offer a match then non-qualified plan should be considered . Once you establish whether the plan should be qualified or non-qualified , then funding your retirement with the proper product is next . To do this you need to establish a personal financial profile that includes a risk tolerance assessment , your financial goals and a life expectancy review .


Input: How To Choose The Right Retirement Plan?

Output: Choosing the correct retirement plan is frequently a case of choosing the right adviser . If you dont have a financial adviser or insurance agent familiar with this topic , seek recommendations from colleagues and friends . The most important thing is to determine your objectives and then the timeline necessary to meet your objectives . The adviser can assist in suggesting possible tax plans and accumulation vehicles to enable you to meet those objectives . The annual review is essential in the process as the best laid plans of mice and men , often go awry and your financial plan is the same . It needs consistent attention .


Input: What To Know When Buying Disability Insurance?

Output: What to know when buying disability insurance ? First and foremost find and read aloud the definition of disability . What has to happen to meet the requirement for the policy to pay you ? No matter what a policy might offer numbers wise , it is the definitions that determine if you get paid or not .


Input: What To Know When Buying Disability Insurance?

Output: When buying Disability Insurance , you should be sure to get a policy that pays if you are unable to perform your own occupation . Otherwise , your policy will not pay the benefit unless you are unable to do work of any kind . If you are moving up in your career , purchase the option to add increased benefits without having to qualify again medically in the future . There will be concessions to be made , so look at what is most important to you and keep those features in your policy and cut others . E.g. . If you only have 1 month of income in savings , you might want to choose a 1 month elimination period and cut corners somewhere else .


Input: Where To Get Renters Insurance Quote?

Output: In my opinion the best place to start is with your Insurance Professional . If you are already working with one , it is very likely that they will also be able to provide you with suggestions for renters insurance . Keep in mind too that by insuring both your car and your rental home with the same company , you will probably qualify for money saving discounts .


Input: Where To Get Renters Insurance Quote?

Output: Some insurance companies will provide a quote for renters insurance on line or by phone . I believe that there is a great deal of value in having a relationship with an insurance agent . There probably wont be any difference in pricing but with the agent you will receive advice on setting limits and any additional coverage which might be important to you . Give an agent a call .


Input: What Is A Group Annuity Retirement Plan?

Output: A Group Annuity Retirement Plan is exactly what it means , providing a retirement plan , using an annuity structure which generally has several options to choose from similar to a 401 -LRB- k -RRB- plan . The difference is depending on how the annuity is structured , you may have guarantees of not losing any of your principle .


Input: Can I Get Health Insurance With Hepatitis C?

Output: You can purchase health insurance with Hepatitis C as a preexisting medical condition . There would be no waiting period before benefits begin , but time is quickly running out . The Affordable Care Act requires that health plans accept all applicants regardless of existing medical conditions . Applicants need to enroll in a plan during the annual open enrollment period through their state insurance exchange . The first open enrollment ends on March 31 of 2014 - in just a few days . Coverage would begin April 1 . If you miss this open enrollment window you could enroll in plans with a January 1 , 2015 effective date .


Input: Is It Important To Have Critical Illness Insurance?

Output: When you consider the statistics , Critical Illness insurance can make a big difference in a persons life . More and more people are surviving Cancer , Stroke , Heart Attack and other critical illnesses and are living longer . Often they are unable to go back to work or they have higher medical costs that may not be covered fully by their health insurance . Critical illness can be a big asset for these individuals and it is not real expensive .


Input: Is It Important To Have Critical Illness Insurance?

Output: It is important to have Critical Illness Insurance if you are at high risk for developing a life threatening health condition and do not have financial resources set aside for that type of life event . Being overweight , smoking , or having certain diseases run in your family are all a good reason to have critical illness insurance . The policy would pay you funds to hire child care , pay for transportation to medical services , pay regular bills , pay medical bills , or fulfill some wishes on your bucket list . And those are all important .


Input: What Annuities Are Safe?

Output: Annuities are some of the safest investments you can get . They are backed by the strength of the Insurance Company that issues the annuity . You would want to make sure that the Insurance Company is rated A or better by rating agencies . The biggest thing to determine is what your goal is for the investment , some offer greater principal growth potentials , others are geared to offer the highest income and still others are designed to offer the a combination of things such as Long Term Care funds as well as Income . At our agency in California , we speak to the person to determine what they are hoping to achieve and then figure out what might help do that best . You 'd want to contact an Independent Agent and do the same .


Input: What Annuities Are Safe?

Output: The safest annuities available would be fixed annuities . These annuities make fixed payments to the annuitant for the life of the contract . How the annuity is structured is very important . You have a number of options to choose from when creating the annuity that will influence your monthly distributions . If the policy is set up to only make payments while you are living -LRB- a single-life annuity -RRB- , then once you die the payments cease and whatever funds were paid into the annuity are not returned . You can also structure the distributions to continue until the spouse dies -LRB- a joint life annuity -RRB- . Another structure or to force payments to continue for a specified number of years -LRB- and go to a tertiary beneficiary - e.g. your kids -RRB- . The drawback of a period certain annuity is you can run the risk of outliving the annuity -LRB- e.g. you 're 65 years old and you have a 15 year period certain annuity that makes payments to you until age 80 . If you live to 81 , you will no longer have those funds to depend on each month . -RRB- . It 's important to consult with an experienced , independent annuity broker who can discuss your situation with you on a personal level and help you create an annuity that will best serve your needs . I hope the information is helpful - please feel free to contact me for assistance and if you have any other questions . Thanks very much .


Input: What Annuities Are Safe?

Output: That is a great question ! As with all investments , the answer lies in the small print , and the details of your annuity 's contract . Generally , the safest annuity is the fixed one , with the interest rate guaranteed , and the payout clearly defined . However , if the interest rate is n't enough to cover fees and inflation , then even that investment is n't the safest place for your money . Indexed annuities can be good if the guarantees are favorable , and the fixed ones are ideal if the guarantees are solid . The trick then , is to understand exactly what it is that the annuity will do for you , and how much it will cost to do it . I hope that helps , thanks for asking !


Input: What Annuities Are Safe?

Output: All annuities are safe . Just that there are some differences in how they work . Most is according to the financial planning before they are bought . I work with Fixed , Immediate , and Deferred Annuities . Each has its use and options . An experienced consultant will show you how to use them to your advantage or you may opt on another retirement device best for you . Contact me and I can get you set up


Input: What Annuities Are Safe?

Output: Fixed Annuities are very safe . Variable Annuities however are subject to stock market fluctuations . Fixed Annuities offer Guarantees . For every contractual Guarantee that an Insurance Company makes -LRB- such as 3 % Guaranteed for 5 years -RRB- , must be backed by purchasing a mix of US Treasuries along with a small amount of various other investments . But mostly the Guarantees made by the Insurance Company are largely backed by the financial stability of US Treasuries -LRB- which are considered the safest investment class there is -RRB- . As pointed out already , the best way to judge the financial stability of an insurance company is by their Financial Ratings . In the investment world , And ratings that is a B + + or higher is considered `` investment grade '' . Although as the term of the contract increases , your minimum acceptable Financial Rating should increase as well in my opinion . A longer time frame creates more risk . So for a 3 or 4 year Annuity a B + + Rating might be acceptable for some people . But for an Annuity that is 6 years or longer , it is highly recommended to use an `` A '' Rated Carrier .


Input: How Much Are Taxes On Life Insurance?

Output: In some business scenarios , where the company is the owner and beneficiary of the policy , the death benefit proceeds could be subject to the alternative minimum tax as well as ordinary income tax . With married couples , the death benefit proceeds could be subject to estate taxation upon the second death . But in general death benefit proceeds go tax free to the beneficiaries . Cash values in a life insurance policy , while the insured is alive , could be taxable if the life insurance policy was classified as a modified endowment contract and was annuitized or policy loans of gain were taken . The gain in a non-modified endowment policy could also be taxed at ordinary income tax rates , if the policy lapsed with accumulated gain in the contract , receipt of any policy loans and any internal policy loans that exceed basis . However , if a non-modified endowment policy is kept in force for the life if the insured policy loans of gain and withdrawals of basis could be tax free . But always consult your tax and legal advisers before moving forward with any purchase of a life insurance policy .


Input: Does Life Insurance Go To Student Loans?

Output: If you are the beneficiary of a life insurance policy , and you have student loans to pay off , you can choose to pay your student loans with that money . Or you can choose to spend the life insurance proceeds on other things . If you are behind on your loans and there is a judgment against you , the lender could come after your life insurance money . If there is no judgement , they can not take your life insurance money . There are legalities and exceptions to everything , and you should contact a lawyer if you have received life insurance money while having student loans for which you are behind in payment .


Input: What Is The Difference Between Medicare Advantage And Medigap?

Output: Quite a bit . Medicare Advantage is Medicare benefits managed by a private insurance carrier . Advantage plans are required to cover anything original Medicare would cover but you will be expected to pay more out of pocket when you receive treatment . Unlike Advantage plans , when you have original Medicare and a Medigap plan there are no networks , no claim forms and your out of pocket for benefits under Medicare Part A and Part B will typically be no more than a few hundred dollars a year .


Input: Is My Car Covered Under Renters Insurance?

Output: No , under normal circumstances your renters insurance will not provide any coverage for your auto . That 's not to say that if you experience some freak accident that you absolutely would not be provided coverage under your renters policy , but it would be highly unlikely . 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: Is It Hard To Switch Home Insurance?

Output: It normally is just a matter of cancelling with one carrier and signing with another . If you have your premium escrowed this may make it a little longer than if you do n't . When you cancel a policy the carrier that you had the policy with will refund any unused portion of the premium that you have paid to them .


Input: What Does Life Insurance Cash Surrender Value Mean?

Output: A whole life policy provides a level death benefit and a level premium payment that extends to the death of the customer . Since the actual number of people who die in a year increases as they become older , the company charges a premium that provides for the death claims in the current year and in future years . This money that accumulates is known as guaranteed cash value . It is guaranteed in the policy . This is the surrender value of the policy . The company will give you the money it has accumulated and you no longer hold the company to the promise to pay the death benefit .


Input: What Does Life Insurance Cash Surrender Value Mean?

Output: Cash surrender value is the amount of money you would receive if you cancelled , or surrendered , your policy . It is the amount of savings earned in a permanent life insurance policy , minus any surrender charges . Surrender charges are generally only incurred during the first years of the policy . You can contact your agent or the company through which your policy was issued , to find out the surrender value of your policy .


Input: What Does Life Insurance Cash Surrender Value Mean?

Output: Cash surrender value life insurance refers to the cash build up in a permanent life insurance plan and not available on term policies . Permanent policies are known by names of whole life , universal life , indexed universal life and variable life . The best way to locate your exact cash value in your policy is to find the illustrations page located about 10 to 12 pages in your policy . Look at the corresponding policy year you are in and the value is out beside . There is no partial value for partial years . Your cash value must be calculated by a full policy year . Most cash value plans have no value for the first 6 or 7 years due to all premiums paying up the death benefit or face amount .


Input: What Does Life Insurance Cash Surrender Value Mean?

Output: The cash surrender value of a life insurance policy is the value you would receive before any taxes if you cashed in or surrendered the policy . Typically cash surrender value is generated in whole life and universal life policies . A build up of a cash reserve is necessary for level premium insurance to work . In Canada , you can attract taxation if 1 . You surrender a policy and the cash level exceeds the adjusted cost base of the policy , 2 . Borrow and the amount borrowed exceeds the adjustment cost base of the policy 3 . Transfer ownership -LRB- in most cases -RRB- Alternatively , if you wanted to access the cash value you could borrow for a bank using the policy as collateral . I suggest you contact a local insurance broker for assistance . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Safe Are Annuities Now?

Output: Annuity safety can be discussed in two ways : financial strength of the annuity company and the crediting method used in a deferred annuity . An annuity contract is only as good as the issuing annuity company . Rating services and corporate financials are available for review . The annuity crediting method can be a safety issue when using variable annuities with separate sub accounts invested in equities and bond instruments or indexed annuities with policy expenses exposure in non performing years .


Input: What's The Difference Between Annuities And Ira?

Output: Annuities , tax deferred annuities are by design a non-qualified , mortality insurance product . An annuity is one of the product selections you can choose from for an IRA -LRB- individual retirement account -RRB- if youre searching for a deduction . An IRA is a qualified plan . It has no inherent product or is a product . Its simply an ERISA sanctioned plan , that houses a variety of products .


Input: Is Motorcycle Insurance Different Than Car Insurance?

Output: The two types of insurance are set up similarly . In that both can provide Physical Damage coverage for your vehicle including Collision and Comprehensive as well as Liability protection . Most bike policies are set up on an annual basis , whereas car policies may be either annual or semi annual issue . Generally speaking Motorcycle policies are somewhat less expensive than personal auto policies . There may also be some variances in additional or built in coverage , for example , a bike policy may include coverage for your gear .


Input: Why Is Life Insurance So Cheap?

Output: Term life insurance is cheap because it only pays out if death occurs during that period of time . The lower the age , the lower the actuarial risk of passing away , the lower the price . To get a policy that will be assured to be there to the end of life , the premium may be reasonable , but not necessarily `` cheap '' . Knowing it will be there for your loved ones at the time of need can definitely make it worth the cost . That is not to say there is not a need for cheap term life insurance . Thankfully , both Term and Permanent policies are available so that coverage is available and affordable for nearly anyone who wants it .


Input: What Are The Chances I'll Need Disability Insurance?

Output: Well , to throw a bunch of facts at you ... According to the Social Security Administration , 1 in 3 Americans between ages 35 and 65 will become disabled for more than 90 days . They also say that one 1 in 7 workers wont just become disabled , but theyll be disabled for more than 5 years ! Many people think disabilities arise from injuries at work , doing dangerous activities , etc. , but in reality , about 90 % of disabilities are caused by illnesses , NOT accidents . Its better to protect yourself now , than to be sorry later !


Input: How Long Does It Take To Get Homeowners Insurance?

Output: It can take as little as an hour to purchase homeowners insurance . A broker needs to know details on your house , but that info can usually be found on real estate sights like Zillow and Redfin . If you have an appraisal that can be really helpful . Home Owners insurance is easy to set up so long as there are n't a lot of claims or if the home is in a flood or wild fire area .


Input: How Long Does It Take To Get Homeowners Insurance?

Output: That is a good question . As long as you have all the necessary information about the property and there has been no major losses a homeowners insurance policy can be bound within a day . Keep in mind that credit , condition of the property & square feet of living area all go into the rating factors for HO insurance . Additionally , if a trampoline , diving board or viscous pet is on the property it can complicate purchasing insurance . It is best to give at least 2-3 days for the agent to look around and get the best rates available in the market .


Input: Can The IRS Take Life Insurance?

Output: If you owe money to the IRS and are the beneficiary of a life insurance policy , the IRS can claim this money when it hits your bank account . If it is the benefactor of the policy who owes money to the IRS , the IRS can not take the money from beneficiary named in the policy unless the beneficiary filed a joint return with the benefactor .


Input: What Is A Non Owned Auto Insurance Policy?

Output: When an employee uses their car in the conduct of your business and is involved in an accident , your liability concerns are handled by your non-owned auto coverage . If you dont own a car but want to have a drivers license , a non-owned auto policy can be obtained to prove that you insurance .


Input: What Is A Non Owned Auto Insurance Policy?

Output: That 's a great question ! Non-owned insurance is a type of policy that allows coverage for you , when you do n't actually own the vehicle . A good example ? You own a pizza joint , and the deliveries are made by the employees , in their cars . One of them has an accident . Your company has a non-owners policy , that covers the claim . It allows for payment for the repairs , even though you , the company owner , do n't own the car . Thanks for asking !