Input: Im a lawyer. I have office insurance. Why do I need Malpractice Insurance?

Output: Lawyers generally purchase a Business Owner Policy or BOP to protect their office from liability claims arising from operating an office . A BOP is appropriate for a sole proprietor or small partnership law firm . If the lawyer office is multiple states and multiples cities with complex property values and lease requirements , it is more likely to be insured with a CPP or Commercial Package Policy . No matter if its a BOP or CPP , the same exclusion applies to the general liability section of both policies . It reads as follows `` We '' do not pay for `` bodily injury '' or `` property damage '' arising out of the rendering or the failure to render a professional service . A lawyer 's work is a professional service . Accordingly , claims arising out of those professional services will not be covered . To plug this gaping hole in your insurance , you need a Lawyer Professional Liability Policy . The cost of Lawyer Professional Liability Insurance can vary widely based on your location , your areas of practice , the number of attorneys covered and the number of years youve purchased malpractice insurance . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com


Input: How Do I Find Renters Insurance?

Output: Great question ! Most insurance companies will carry some form of policy . The costs can vary , so shop around before deciding . Some factors in the cost are the size of you family , whether you smoke , the size and age of the apartment complex , and where the complex is . A tip ? Ask for `` replacement value '' when you shop , you will be happy you did if you ever have to file a claim . If you would like more information , please contact me , I 'm happy to help . Thanks for asking !


Input: Does car insurance cover vandalism?

Output: Vandalism is covered by the comprehensive portion of your automobile policy . This coverage is not required by state law . Check your own policy to see if you have purchased this coverage . The claim under the comprehensive portion of the policy is subject to a deductible but the insurance company will attempt to return the automobile to the state it was in prior to the incident . Because certain groups of people are more subject to vandalism than others , for example , teachers , peace officers and politicians some companies alter their adjusting procedures to either eliminate or reduce the deductible on those specific professions . Check with your insurance agent to see if you qualify for such a reduction .


Input: Does car insurance cover vandalism?

Output: It can . Vandalism is covered under comprehensive which is one of two types of coverage that can be included under physical damage on your auto policy . The other coverage that protects your actual vehicle is collision . Comprehensive and collision are required when you have a loan but are optional when you do n't . These two coverages provide protection for the car itself if it gets damaged and typically requires that you pay a deductible first before the insurance company responds . Typically , collision covers anything you collide or have an upset with while comprehensive covers everything else including fire , theft , and vandalism .


Input: Does car insurance cover vandalism?

Output: If your car is the unfortunate victim of vandalism , will your current car insurance policy cover the claim ? The answer to this question depends on the type of auto insurance coverage you currently carry . If you only carry the minimum liability limits , the answer is no . However , if you carry comprehensive coverage , the answer is yes less any applicable annual deductible you have selected for your policy . Vandalism to your vehicle could include a variety of incidents ; key scratches , broken glass and other damage caused with malicious intent . Vandalism is different than burglary . If something was removed from your vehicle as a result of the vandalism , you must be sure to state this in your report . In most cases , comprehensive coverage will cover both theft and vandalism . The amount of coverage your policy offers depends not only on the overall type of policy you have selected , but the coverage limits , the type of claim , and your chosen annual deductible . In the case of high deductible policies , it may be more beneficial to pay for the repairs out of pocket than to run it through your insurance company . Before any claim will be paid , you must file a report with your local police department describing the nature of the vandalism .


Input: Is A Drug Test Required For Health Insurance?

Output: A drug test is not required for health insurance . Lab tests are an issue when a individual is purchasing life insurance policies that generally have a face value of over $ 250,000 . There are other insurance related issues that can occur from the consumption of controlled substances when they are not being prescribed by a medical doctor , and even then there can be situations that will be of reference - such as medical marijuana being listed as a qualified medical expense -LRB- due to the fact that it may be legal in ones state however it is not recognized as such by the federal government -RRB- .


Input: How Good Is Amica Homeowners Insurance?

Output: Amica Insurance Company is great for any of their products . Two of my former companies competed against them and we found them to be very ethical . They have an A.M Best rating of A + + which is the `` Superior '' financial strength rating given by Best . With specific regard to their homeowner product , for twelve consecutive years they have received the ` J.D. Power Award ' for `` Highest Customer Satisfaction Among National Homeowner Insurers '' . Hard to beat their track-record . I only wish they wrote homeowners here in Florida !


Input: Does Home Insurance Cover Auto Theft?

Output: Home Insurance does not cover the theft of an Automobile . However , homeowners insurance does cover the loss of personal property away from home . If your vehicle has been stolen and your personal belongings were in the vehicle , the auto insurance would provide coverage for the vehicle and your homeowners insurance would provide coverage for your personal property . It is important to review coverage details on your policy since there are different forms of coverage available in each State and slight variations of endorsements with different insurance companies . In both cases , your individual policy deductible will apply . On most home insurance , 10 % of your Personal Property Coverage is covered while away from home . For further details , you may wish to review our Homeowners Insurance Page at : WEBSITELINK


Input: How Good Is Prudential Annuities?

Output: Prudential , one of the largest US insurers , is a very reputable company . They offer many annuity products and they are considered very competitive in the marketplace . For details , contact a full-time financial planner -LRB- or broker -RRB- or call , contact Prudential directly . They can provide specific details about their current products and services .


Input: Does Net Worth Include Life Insurance Policy?

Output: Cash Value life insurance is a financial asset and as such is included in your Net Worth Statement . While you are living if the policy has a net cash surrender value it would count as an asset . The insurance amount is not payable until you die so it is not included in your Net Worth . It is included as part of your legacy or estate . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . .


Input: Does Net Worth Include Life Insurance Policy?

Output: Only the cash value inside your life insurance policy is included in your net worth while you 're living . The face amount of the policy is not included in the calculation . If/when a claim on the policy is made by the beneficiary , the amount paid out -LRB- the face amount less any outstanding loans/interest on the policy -RRB- may be included in the calculation of your estate for estate tax purposes . Many people create ILITS -LRB- and/or other types of trusts -RRB- to put the policy into to control how the proceeds are distributed and to minimize the cost of transferring their assets to their loved ones .


Input: Does Net Worth Include Life Insurance Policy?

Output: While you are alive , just the cash value of your life insurance policy is included in your net worth . If you only own term life insurance , you would not count that policy at all in your net worth . After you pass away , the death benefit paid out from all types of policies are included in the value of your estate .


Input: Does Select Health cover ambulance ride?

Output: Health insurance will cover your ambulance ride , but most times it will be subject to your plans deductible and coinsurance . So , if you have n't met those expenses for the year , an ambulance ride can often times be costly . However , if an emergency then the cost is nothing compared to getting the immediate treatment you need .


Input: What Is Juvenile Whole Life Insurance?

Output: When a whole life policy is purchased on a minor , it is called juvenile whole life . New York Life actually has a Family Policy which covers both parents and includes juveniles for free . You can also purchase an individual policy and add a juvenile to it as a Rider . The method I suggest is purchasing a whole life policy for a juvenile of their own . The cost is incredibly low , and it not only guarantees insurance , but insurability for a child that may develop any of numerous illnesses , as they get older or even as a child . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: What Is Juvenile Whole Life Insurance?

Output: Juvenile Whole Life Insurance is permanent life insurance that is meant to be used as a tax advantaged savings vehicle for the child 's lifetime . Child riders provide a benefit if a child dies , and allow the child to convert it to Whole Life when they are adults . But Juvenile Whole Life starts accumulating cash value at a young age , with the emphasis more on using it for life , even though it also does pay a death benefit .


Input: Can An S Corp Deduct Disability Insurance?

Output: Yes and S-Corp can deduct disability insurance provided the disability insurance is part of a group plan or Qualified Sick Pay Plan that covers more than just the business owners .


Input: About How Much Does Life Insurance Cost For Seniors?

Output: Life Insurance for the elderly can be costly , but it really all depends on gender , age , smoking status and health condition . A nonsmoking preferred male 61 desiring to secure a 20 year term life insurance coverage will pay around $ 7,000 in annual premiums , it could 30 % more if coverage was to age 100 .


Input: About How Much Does Life Insurance Cost For Seniors?

Output: Life insurance is all mathematics . A senior is closer to their end of life than a young person so obviously the risk is much greater . In addition to the increased mortality in a seniors current age group there are also fewer years to collect money to pay death benefits as life expectancy is also closer . However , it is still cheaper than trying to fill the economic whole created by death and should be considered as long as companies will accept you .


Input: Is Home Insurance The Same As Contents Insurance?

Output: There are three basic coverages in a homeowners policy . There is coverage for the principle property -LRB- the home and the contents of the home . -RRB- There is coverage for incidental property -LRB- things outside the home but on the property , sheds , gazebos , etc. -RRB- and liability coverage . The contents are covered as a part of the principle property coverage and the limit is normally a percentage of the insured value of the house .


Input: How Much Does Medicare Pay For ICU?

Output: Medicare utilizes the DRG -LRB- diagnostic review guide -RRB- system for hospital stays . When you are admitted to the hospital , and in this case ICU , Medicare pays the hospital a predetermined rate for your stay . The amount paid is based on your initial diagnosis and adjusted for cost area factors based on region and zip code .


Input: How Much Does Medicare Pay For ICU?

Output: If you are talking about PART A of Original Medicare , the ICU would be covered once the Part A deductible has been met . -LRB- there would be cost share if there more than 60 days -RRB- Additional charges on part B can be incurred however which would be paid at 80 % after the part B deductible was met . Medicare Supplements would pay all or some of the ICU bill that Original Medicare did n't cover depending on the type of supplement in place . Plan F , G , N , C would cover all charges with plans L , M or High F leaving some coast share . A MA or MAPD plan would cover the ICU under the regular hospital copay that is listed in the benefits .


Input: Can My Fiance Be On My Health Insurance?

Output: That is a great question ! Unfortunately , the answer is not so great . In the eyes of the insurance company , there is no guarantee that you will end up marrying your fianc . Because of that , they are leery of addingsomeone to a policythat might end up getting cancelled . To prevent that , they have some pretty solid rules about who can be listed on your policy . Sorry , but thank you for asking !


Input: Can My Fiance Be On My Health Insurance?

Output: No , not until you are legally married . Your fianc may feel like they are already dependent upon you and you may feel that way too but being engaged does not meet the legal requirements of being spouse and therefore qualifying for coverage as a dependent on either a group or individual major medical plan .


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

Output: The answer will depend upon whether you are talking about group health insurance or individual health insurance . Employers have a certain degree of flexibility in establishing a waiting period before a new hire can become eligible to enroll in the company 's group plan . Under the provisions of the Affordable Care Act -LRB- ObamaCare -RRB- now in effect this waiting period should not exceed 90 calendar days from your date of hire . So , this establishes a maximum waiting period under an employer based plan but the employer can choose to have a shorter waiting period . If you are applying for individual health insurance during the open enrollment period or following a change of life status event it will depend upon when you have submitted your enrollment form . If your enrollment form is received on or before the 15th of the month your coverage should go into effect on the first of the next month -LRB- e.g. - February 10 submission would be for a March 1st effective date -RRB- . If your enrollment form is received after the 15th of the month your coverage would become effective on the first of the following month -LRB- e.g. - February 18th submission would be for an April 1st effective date -RRB- .


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

Output: How long does it take to get health insurance ? Well many plans offer coverage beginning on either the 15th or 1st of the next month depending on when you enroll . With the ACA in place now , you have to have a qualifying event to purchase health insurance outside the enrollment window Which begins in the fourth quarter of the year and ends shortly after the 1st quarter has begun . During that window you can apply and coverage usually will begin 1st of the year .


Input: Does Medicare Pay For Hep C Treatment?

Output: Medicare Part D will pay for some Hepatitis C medications and treatments such as Rebetol , Ribapak , ribavirin , interferon alfacon-1 , and pegineterferon alfa-2b . However , there is a complicated grid of `` if this , then that '' one must adhere to in order have the drug or treatment covered . Call your Medigap or Medicare Advantage agent to find out if you qualify for Hep C treatment through Medicare .


Input: How To Use Variable Annuities?

Output: Non-qualified tax deferred variable annuities are classified as a security . Non-qualified tax deferred variable annuities have separate sub accounts using market equities and bond investments that can lose money and incur policy expenses . A personal financial profile needs to be created with a risk tolerance assessment before moving forward with the purchase of a non-qualified or qualified tax deferred variable annuities or the allocation of the separate sub accounts . Variable annuity policy expense loads can be a concern as policy expenses are paid out of deposits made into the annuity regardless of positive or negative performance . Variable annuities , like all annuities , are designed ultimately for generating income . You may want to consider purchasing an income rider that may offer guaranteed lifetime income .


Input: Can an apartment complex require you to add them as a co-policy holder on your renter's insurance?

Output: The landlord can require that they be named as an additional insured . Most companies do not charge anything for his extension of coverage . It merely clarifies that if someone sues you and the landlord simultaneously that the policy will provide the primary defense . Normally , the concern of the landlord is in the concern over legal action .


Input: Does Car Insurance Go Down When You Get Married?

Output: When you get married your car insurance should be less unless your spouse has a bad driving record or poor credit . Credit is a major factor for car insurance and when you get married some companies will average your credit scores and some will take the highest credit score . Make sure you ask about a multi-car discount as well .


Input: Does Home Insurance Cover Ice Dams?

Output: It can yes , but as always it is best to talk with your Insurance Professional about the specific terms and conditions of your policy . Here in Connecticut three years ago and once again this year , the severity of the winter weather and temperatures caused may to suffer such damage to their home . Insurance companies all across the state have paid quite a lot of money in settlements for repair and remediation . Your coverage would of course be subject to your policy deductible .


Input: How Much Term Life Insurance Do I Need According To Suze Orman?

Output: Suzi Orman just uses the general rule of 10 to 20 times your annual income as the amount of term life insurance you should need . That rule is definitely better than nothing but everyone should go over their needs with their local insurance broker as many have different things going on in their financial life .


Input: How Much Is Disability Insurance In Canada?

Output: What the premium is for disability insurance policies depends on a number of factors . Including : - Medical history - Avocations - Occupation - Smoking status - Weight - Sources of income - Benefit period applied for - Type of policy applied for An independent life insurance broker can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Are Annuities Taxable When Inherited?

Output: The answer in short is yes . There are strategies to stretch the taxable event over multiple generations before the death of the annuitant or owner of the annuity . -LRB- Remember annuitant owned and owner owed policies may have differing tax issues . -RRB- Ultimately , the size of the estate may dictate an additional estate tax beyond the ordinary income tax to inheritors .


Input: How Much Is Renters Insurance Normally?

Output: Great question ! The answer is kind of iffy though , as the average where you live may not be the average where I live . A good portion of the cost is based upon the area where you live , and the risks associated with it . I am prone to hurricanes in Houston , you may not be where you live . We also have more issues with flooding than you may have . Folks in California may have a higher fire threat . The cost will also vary with the choice for deductible amount , and amount of things to be insured . The best guess I can give you is that you should be able to insure your things for around $ 20 a month . -LRB- And that is strictly a budgeting estimate , not a quote ! -RRB- If you need more details , please feel free to contact me , okay ? Thanks for asking !


Input: How Much Is Renters Insurance Normally?

Output: While it is important to determine the cost of a renters policy , it is more important to consider the cost of not having a renters policy . Can you afford to replace all of your clothing , appliances , and furniture if they are lost in a fire or other covered peril ? Can you defend yourself in a lawsuit if someone is hurt at the unit you are renting ? The cost may be $ 10-25 per month which is insignificant compared to the terrible cost of having an uninsured loss .


Input: How Much Is Renters Insurance Normally?

Output: The premium that you pay for Renters Insurance can vary based upon the amount and extent of coverage you need and wish to have . If you are renting n efficiency or some other smaller apartment , then the amount of personal property you may need to protect is far less than if you were renting a 3000 square foot home . In addition to the amount of coverage , the location of the rented property can be a factor in determining premium . If you are in a fairly remote area that is difficult for fire services to get to , then you may pay more than you would for the same coverage in a property located across the street from a fire hydrant and within a mile or two from a responding Fire and Rescue department .


Input: Can You Borrow Money From A Term Life Insurance Policy?

Output: It is highly unlikely that you will be able to receive any cash from a term life policy except as a death benefit . The cash value feature of permanent insurance is what makes the policy permanent . The increasing cash value compensates for the ever increasing rate of mortality as you get older . Term insurance is temporary coverage and doesnt accumulate cash in most cases .


Input: Can You Borrow Money From A Term Life Insurance Policy?

Output: No , you can not borrow money from a term life insurance policy because there is no cash value from which to borrow . The death benefit is only paid when death occurs , so you can not borrow from the death benefit . The one exception is if you are diagnosed as terminally ill and have an accelerated death benefit rider . That would enable you to take some of the death benefit in cash if you are diagnosed as terminally ill . There are a few term policies that offer living benefits like that for other reasons , such as being diagnosed as chronically or critically ill . Improved term products like that are being developed . Keep in touch to see how you could use your term for purposes other than death , even though technically , you can not borrow money from a term life insurance policy .


Input: What Is SSI Disability Insurance?

Output: There are two products provided through Social Security : 1 -RRB- Social Security Disability Insurance and 2 -RRB- SSI , or Supplemental Security Income . Social Security Disability Insurance -LRB- commonly referred to as `` Disability '' is for people who have become disabled . They will get Medicare after receiving disability benefits for two years . Those on SSI are disabled or blind and also have limited income and resources . In most states , they are usually automatically eligible for Medicaid when they go on SSI .


Input: Is American Income Life Insurance Company Legit?

Output: Yes , American Income Life -LRB- AKA AIL -RRB- is located in Waco , TX . They wereformed with the name American Income Lifein 1954 . The owners of the company had operated under the name American Income as early as 1951 . They were purchased by Torchmark Corporation in 1994 for 563 million dollars . They are a legit insurance company .


Input: Is American Income Life Insurance Company Legit?

Output: American Income Life is a legal insurance company . This company uses brokers to sell their products who are paid on commission . There are a lot of complaints online however when you really down to it , it seems brokers are not being clear as to the product they are purchasing or the brokers are given leads to follow up with people who are responding to some add to get free accidental dismemberment and death insurance . Just like any lead , the broker has to find the need which in this case , may not be one . Your simple answer is YES , they are Legit .


Input: Is American Income Life Insurance Company Legit?

Output: AmericanIncome Life Insurance company is one of the largest providers of supplemental coverage . Their biggest markets are associations , credit unions and labor unions . They are rated `` A + '' by A.M. Best Company and they are licensed in 49 states . Their parent company is Torchmark Corporation , a huge entity . So yes ... in myopinion , they are legitimate .


Input: How Much Does A Good Health Insurance Plan Cost?

Output: It varies from person to person . Your age , where you live , if you use tobacco products , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . All of the plans offer good coverage . A silver or gold plan are your middle of the road type of plans because they provide strong coverage at an affordable price . I always recommend consulting with an experienced health insurance broker before you apply for anything . We can help you determine the plan that 's going to be most suitable for your specific needs and budget . 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 A Good Health Insurance Plan Cost?

Output: It is difficult to answer that question without some basic information such as home zip code and birthdate . There are now 4 tiers of health insurance : bronze , silver , gold and platinum . The Gold and Platinum plans are considered better health insurance because they have lower or no deductibles , lower co-pays , lower co-insurance and lower annual out-of-pocket maximums . The cost could be $ 250 a month for someone in their 20 's to $ 750 a month for someone in their 60 's . Rates are based on your age , where you live , and what type of health plan you buy .


Input: How Much Does A Good Health Insurance Plan Cost?

Output: If you purchase your own health insurance -LRB- called an Individual/family plan -RRB- , it is rated according to your age , gender , location -LRB- county or state -RRB- , tobacco usage , and the family members that you wish to cover . Currently , a rate-up can be added for certain pre-existing conditions , but those rate-ups are not allowed after 1/1/2014 . The cost usually goes down if you choose a lower deductible or lesser coverage . However , cheaper plans are not always better . Be sure to contact a licensed agent in your state who specializes in health insurance to help you select the plan that fits your needs and your budget .


Input: Who Is The Cheapest Auto Insurance Washington?

Output: I 'll share a common answer to a common question . It depends . Which company offers the cheapest auto insurance in Washington depends primarily on the insuredthe client . With all the variables companies use to get the final price , there is no way to tell what companies offers the cheapest rates for all clients all the time . In fact , most insurance companies do n't want to be the cheapest for every client . Most companies want to `` win '' accounts based on price 30-40 % of the time . With that information , it 's important to allow a trusted , licensed agent to shop multiple companies for you .


Input: Can Your Homeowners Insurance Be Canceled?

Output: An insurance company can , with cause , cancel your Homeowners Insurance . Companies file not only rates but underwriting rules and standards with each state 's Insurance Department and these must be approved by that department in order to be applied within that state . If as a result of loss history or poor property maintenance to use two examples , a home that has been insured falls outside of those guidelines , then the company may non renew . Such action MUST be communicated to the insured long in advance of the action in order to give that person time to either resolve any issues or find another carrier . Vacancy can cause an insurance company to cancel a policy mid term , but again this must be communicated .


Input: Can Your Homeowners Insurance Be Canceled?

Output: A homeowners policy can always be cancelled for non-payment of premium . In addition to the representations made to the agent , the underwriter also can order an on-site inspection . If the property isnt as described the policy can be cancelled . Some specific issues might be the presence of an aggressive dog , or poor maintenance of the home or grounds . Mortgage companies also report to insurance companies when a residence is vacant . The insurance company is likely to cancel the homeowners policy .


Input: Is It Bad To Have A Lapse In Health Insurance?

Output: Having a lapse in coverage means that you 're responsible for 100 % of expenses if you have an illness or injury occur during this period because the plan would not be in force , thus not providing any coverage . The idea of insurance is to protect yourself in the event of a catastrophic financial event by shifting the risk to a third party -LRB- the insurance company -RRB- . If you do not have health insurance in force , then you 're taking on all of the risk yourself instead of passing it off to the insurance company by paying a monthly premium . Please note , under the Affordable Care Act , if you 're without active coverage for more than 90 days , you may be subject to a penalty . In 2014 , the penalty is calculated in one of two ways : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan .2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . These figures will increase in 2015 and 2016 - penalties will be adjusted for inflation in future years .


Input: Is It Bad To Have A Lapse In Health Insurance?

Output: A lapse in health insurance is only bad if you get sick or injured while the plan is not in force . It 's always been said that the best health insurance plan you can have is the one that 's in force when you get sick ... Also , be aware that if you are without credible coverage for more than 90 days -LRB- 1/1/2014 and after -RRB- you will be subject to a tax penalty of $ 95 or 1 % of your income , whichever is greater . To find out how to get the government to subsidize your health insurance premiums visit www.clminsure.com


Input: Does Life Insurance Always Pay Out?

Output: Yes , life insurance in force at the death of the life insured pays out the death benefit proceeds once proof of death has been submitted . The life insurer can not deny a claim unless due to either suicide in the first two policy years or a material misrepresentation in the first two years of the policy . If a life insurance company does not pay a death claim in these situations at the conclusion of their investigation , they would return premiums paid with interest . Life insurance is something you need to qualify for in advance - the insured must be insurable , the owner must have an insurable interest , etc. . For a life insurance claim to be denied , after an investigation , the insurance company would have to contest it within the first two policy years on the basis of a material misrepresentation made during the application process or the insured would have to have committed suicide within the first two policy years . An insurance company may not normally contest a claim after the first two years of a policy except in cases of fraud .


Input: Does Life Insurance Always Pay Out?

Output: The claims paying ability of a life insurance company is assumed by those who purchase life insurance policies . And even if the historical record is untarnished in this regard , it cant be cited by a licensed agent , nor can the guaranteed state fund be used in a sales presentation to manipulate the prospect . It is possible that a life insurance company could fall into receivership and the claims exceed the guaranteed fund and in such a case the life insurance may not pay the beneficiaries . Including in this answer is the two year life insurance company contestability period covering suicide and fraud . And some cases of fraud may extend past the two year contestability . The investigation of a homicide could reveal criminal intent by the beneficiaries , thus denying the claim .


Input: What Is A Blanket Homeowners Insurance Policy?

Output: Most homeowners polices will have line items for coverage with a stated amount . Those would be coverage 's for dwelling , other structures and personal property . If you have a blanket policy all these items would be rolled into one lump sum that could be used as needed with no line item limit . Personal Liability and Medical would not be included in the blanket and would remain a line item coverage .


Input: Does Medicare Cover Yearly Eye Exams?

Output: Routine eye exams are not a covered expense under Medicare . Neither are corrective lenses -LRB- eye glasses , contact lens , etc. -RRB- in most situations . If you have an eye disease , such as glaucoma or cataracts , a portion of your eye exam may be covered under Medicare Part B. Your eye care professional can advise .


Input: Can You Have 2 Term Life Insurance Policies?

Output: Yes , you can have two or more term life insurance policies as long as you financially qualify for the total face amount . In a lot of cases it is more cost effective to own multiple polices based on the financial needs of your loved ones . For example , you may want a whole life for a small amount for your life time , a 30 year term life policy to cover your mortgage and a 20 year term life to cover the children 's education fund in case of your early death . By using multiple policies you will save monthly premiums rather than paying for one policy and having to reapply every few years .


Input: Can You Have 2 Term Life Insurance Policies?

Output: Yes you can have two or more life insurance policies . There is usually no limit to the number of policies you can own . Insurance companies are concerned about the total amount of coverage in force or applied for . From a practical standpoint each policy has a policy fee , and although some insurers do reduce the fee on the second policy there is still a fee . An independent insurance broker , representing several companies , can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Can You Have 2 Term Life Insurance Policies?

Output: Yes , you can have two term life insurance policies , as long as your qualify financially for the sum total of coverage for both your policies . Sometimes it can save you some money to take one shorter term policy , and one policy with a longer term . And many people keep their existing term policy when they purchase a new one .


Input: Can You Have 2 Term Life Insurance Policies?

Output: Yes , you can ! Two of the most common reasons why people do this is to create a combination of benefits -LRB- e.g. having part of the coverage for 20 years and part of it for 30 years or guaranteed for life -RRB- or supplementing an existing policy to increase the total amount of coverage . For people only securing coverage through non-medical policies , they are generally limited to a maximum amount of coverage they can purchase under a single policy . To secure higher amounts , they will stack another policy on top of it -LRB- e.g. company A limits coverage to $ 250,000 under a no-exam policy , but you want a total of $ 500,000 - you could purchase a second $ 250,000 no-exam policy through another carrier to bring the total amount of coverage to the desired $ 500,000 amount -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much .


Input: Does Medicare Cover Home Care Assistance?

Output: Under certain conditions , Medicare Part A will cover intermittent or part-time home health care provided by a skilled nurse . Again , Medicares requirements for receiving home care are quite strict . Medicare will pay for home health care to treat an illness or injury only if a person meetsallof the following requirements : A doctor must determine that medical care is needed at home and must make a plan for such care . The person needs intermittent skilled nursing care , physical therapy , speech therapy , or occupational therapy . The person is homebound , which means generally unable to leave home -LRB- when a person leaves , it must be infrequent and for a short time only , such as to go to a doctors appointment -RRB- . The home health care agency must be Medicare-approved . Keep in mind that unlike Medicares nursing home benefit , a person does not need to be admitted to a hospital first in order to qualify for Medicare home health care . In addition , services will be provided on an intermittent or part-time basis only by a visiting nurse , therapist , or home health aide . Medicares home health care benefit does not pay for 24-hour full-time care . Medicare generally limits its home health care benefit because the program is only designed to serve individuals who need intermittent care for a relatively short period of time rather than care on a daily basis . Once a person is receiving Medicare home health care , his or her plan of care will be reviewed at least every 60 days . If the persons health changes and care is no longer needed , the home health agency will notify the individuals doctor , who must then contact Medicare . From that point , home care will no longer be covered by Medicare . The Medicare home health care benefit will not pay for homemaker services such as housekeeping , shopping , and cleaning . It also does not pay for custodial carethat is , help with meeting daily personal needs such as bathing , toileting , transferring , or eating . Because most people who need long-term care need custodial care , financial practitioners should point out this shortcoming to clients . Many people who do qualify for Medicare home health care benefits still need to pay for additional custodial care in order to live comfortably and independently at home .


Input: Does Texas Require PIP Auto Insurance?

Output: PIP coverage - personal injury protection - is a required , optional coverage here in Texas . This means that if one elects not to include it on their auto insurance policy , that the coverage has to be rejected -LRB- rejecting the coverage requires the insured to sign a document noting that PIP coverage was offered and that the insured does not wish to obtain PIP coverage and is rejecting this coverage -RRB- . If one does elect to reject PIP coverage , it can always be added on the auto insurance policy at a later date . Contact us at 469-206-8048 and we 'll be happy to review your situation . Or you can e-mail me at WEBSITELINK .


Input: Does Aetna Offer Life Insurance?

Output: Aetna does offer Life Insurance . However , on their website , Aetna states that the Life insurance coverage that they offer is available through employer-provided plans only . Their life insurance policies are not available to individuals for private sales . Aetna life insurance plans are called group term insurance or group coverage .


Input: What Is Class D Car Insurance?

Output: Insurance companies do not write Class D insurance . Depending upon the state and the underwriting of the individual companies , they may offer insurance on Class D cars . A class D car is one that has been declared a total loss , repaired and returned to service . The title for the car states this . Coverage is usually available for public liability and property damage . It is more difficult to find coverage for physical damage -LRB- Comp and collision . -RRB-


Input: What To Look For In A Good Health Insurance Plan?

Output: The definition of `` good '' varies from person to person and business to business . However , here are some of the aspects of a health insurance policy I advise my clients to be aware of and comfortable with : 1 -RRB- Are the doctors , hospitals and pharmacies you want to use in-network providers with the health insurance plan you are considering ? 2 -RRB- What would your coverage be -LRB- if any -RRB- if you want to use a health care provider who is not an in-network provider with the health insurance plan you are considering ? 3 -RRB- What is the pharmacy benefit under the health plan you are considering ? And , if you have specific prescription drug needs are they covered under the health insurance plan 's prescription formulary and to what extent are they covered -LRB- copays , co-insurance , deductible & co-insurance -RRB- ? 4 -RRB- Does the health insurance plan allow its members to go directly to specialists such as cardiologists or does it require that you are referred to a specialist by your primary care physician first ? 5 -RRB- If you travel regularly outside of your home area -LRB- to other states or outside the USA -RRB- does the health plan provide for coverage outside of your home service area in the event you need non-emergency care ? 6 -RRB- Is the health insurance company you are considering a well established national or regional health insurance carrier with strong finances or is it one of the new , experimental Co-Op health plans recently established under the provisions of ObamaCare ? 7 -RRB- Does the overall value proposition of the health insurance plan you are considering meet your current and anticipated needs ? In other words , does its monthly premium , coverage levels and provider network really work for you .


Input: What To Look For In A Good Health Insurance Plan?

Output: The 1st post was made in 2014 ... SO MUCH HAS CHANGED ... in my state I start with 2 questions . # 1 -RRB- What will you make this year - So I can assess if the person is , or is not , eligible for subsidies . If NOT , we do n't mess with Healthcare.gov -LRB- or the state site if there is one -RRB- . Question # 2 -RRB- WHO do you want to see when you need service ? WHO IS MORE important than the rate you pay . In my state we had ALL PPO 's before this year . Now there are also carrier options with an EPO & POS . No HMO 's in my state as of now . Yet the HMO model is prevalent in many states . Who When Pre-authorization Gate Keepers Out of Network Traveling & many other factors make up WHO ... The network type & size IS YOUR HEALTH INSURANCE . Do n't settle for a tiny network that has no out of network coverage . Go PPO if you can ... .


Input: How To Claim Life Insurance After Death?

Output: Youll need to collect the certificate of death , the published obituary and establish viability of the policy as in force at the time of death . All this information needs to be forwarded to the life insurance . If death occurs during the first two years of the contract date , known as the contestability period , the due diligence proceeds may take longer . This varies between life insurance companies , but as a rule of thumb , 30 to 60 days after the collection of the above required documents .


Input: What Is A Medicare Subsection D Hospital?

Output: Hospitals that use a certified electronic health record are able to receive payment incentives outlined by the American Recovery and Reinvestment Act of 2009 -LRB- ARRA -RRB- . In essence , a Medicare Subsection D -LRB- d -RRB- hospital is a general , acute care , short-term hospital . The Social Security Act explains what a Medicare Subsection -LRB- d -RRB- Hospital is NOT : 1 -RRB- It is not a psychiatric hospital 2 -RRB- It is not a rehabilitation hospital 3 -RRB- The patients are not predominantly under 18 years of age 4 -RRB- The average length of stay is not more than 25 days 5 -RRB- It is not extensively involved in treatment or research for cancer Of course , there are a lot of exceptions and extrapolations , but this is it in a nutshell .


Input: Does Wells Fargo Offer Home Insurance?

Output: Wells Fargo is not an insurance company and does not offer Homeowners Insurance . However , Wells Fargo may have licensed agents working in the bank who may be able to offer homeowners insurance through other insurance carriers Wells Fargo was able to obtain appointments with . In other words Wells Fargo acts as the agent . The question is will the agent be around for the long term .


Input: What Is Joint Home Insurance?

Output: I am not exactly sure what you are asking or the reference to what you have going on however I will try to briefly address your question and I hope it helps . Joint homeowners insurance is written when there are 2 parties that have insurable interest in a property and purchase a home insurance policy and both are listed as primary insureds on the policy . Insurable interest means you or an entity own part of the legal rights to the property . I hope this helps


Input: How Much Does Mortgage Life And Disability Insurance Cost?

Output: Mortgage Life to protect your love ones from the burden of a mortgage can be accomplished in a couple of ways . You can purchase a policy from your bank or mortgage company that will pay off your obligation to them in the event of your death . The amount of the policy will be paid to the bank and your family and loved ones will not have that mortgage as a burden . The other option is to purchase a Term Life Policy through an independent agent that compares the best companies for this type of protection . The main benefits of a Term Life Policy is that the death benefit will not decrease during the life or term of the policy . The other benefit is that the death benefit is paid to your beneficiary and they decide where the money is distributed . Your family and/or loved on can pay off the house and use additional funds for final expenses or other considerations . You should compare both options . The term life policy is more flexible but both should be considered . Mortgage disability insurance can be purchased as separate policy through your bank or some insurance companies . Disability income is paid at a maximum per month depending on your state . They will compare what you receive from other sources , such as your employer or personal policy , and determine the maximum amount of payment that your can receive . You can add disability income additions or riders to your term life policy for the amount of your monthly mortgage payment and get the convenience of one payment . The cost of these policies and riders are dependent on the amount of monthly payment needed , the length of time the payments continue , your occupation , and the amount of time between when the disability starts and when the payments start . Check with your agent to determine how the program works for you .


Input: Is Medicare Likely To Run Out Of Money?

Output: The short answer is no . Medicare will not run out of money . Any government program will never run dry as long as DC has the ability to print money . But since 2008 Medicare has paid out more every year than it has in the trust fund . Some projections say the trust fund will run dry by 2024 while others as soon as 2016


Input: Does Disability Insurance Cover Depression?

Output: As long as it is not a pre-existing condition or excluded in the policy it may be depending on the company and terms of the policy . Each company has different guidelines . Depression can be disabling . Check with a local experienced independent agent who specializes in life and health insurance . A good agent can help youselecta plan right for you .


Input: Does Disability Insurance Cover Depression?

Output: Assuming the question is asking about developing depression after the disability policy has been in force and past the any contestability of the company , the answer is yes . But if depression is a preexisting condition , the odds are almost impossible to obtain . Most businesses that offer group plans have short term disability that may include depression . Youll need to check with your companys human resource department to confirm .


Input: Can I Keep Life Insurance On My Ex Husband?

Output: Whether or not you can keep life insurance on your ex husband will be up to you , your ex husband , and the court . The life insurance company does not have a say in whether you keep your policy on your ex husband . If you own the policy , you are the one who makes those decisions .


Input: How To Use Short Term Disability Insurance?

Output: How to use short term disability insurance ? Well you use it to resupply your savings . Most short term plans payout at the end of the month or roughly every 30 days . So even with short term disability coverage , some savings should always be at hand to prevent falling behind .


Input: How To Use Short Term Disability Insurance?

Output: You use short term disability to recover lost income immediately following an event that takes you out of work due to illness or injury .


Input: Does Renters Insurance Cover Lightning?

Output: Renters insurance does cover lightning . For example , if lightning were to strike the roof of the apartment that you were renting , and as a result , the building caught fire and you lost your possessions , it would be covered . The limit would be the amount you had your personal property insured for .


Input: When Does Medicare Part A Coverage Start?

Output: This is a good question . With Medicare typically your Medicare A and B will start on the first day of your 65th birthday month . So if you turn 65 on May 9th , Your A and B will start May 1 . Although you should get your card 3 months before your birthday .


Input: How Long After Buying A Car Do I Need Insurance In Massachusetts?

Output: Responsibility for injury or damage resulting from the ownership of a car and the risk of damage to the car itself begins when you take title . In Massachusetts , you are required to have the required liability insurance before the car can be operated on the roads of the Commonwealth .


Input: Why Do I Need Homeowners Insurance?

Output: Let me put it to you this way , if I may . If you do n't have a mortgage -LRB- which would require you to have and maintain a Homeowners ' policy -RRB- , and you are fortunate enough to have the complete financial where with all to fully rebuild your home if it were totally destroyed , and fully replace all of your belongings at the same time , you do n't need Homeowners Insurance . LIkewise , if you were financially sound enough to settle any law suit that might be launched against you as a result of the serious injury or death of another person or damage to their property caused by you and for which you are then legally liable , you do n't need Homeowners Insurance . Talk to your Insurance Professional . A well thought out and executed Homeowners policy would provide coverage for you for these types of potential losses for literally pennies on the dollar . Why do you need it ? The question is why would you not want it ?


Input: Why Do I Need Homeowners Insurance?

Output: A homeowners policy is a package policy that protects you . If your house is damaged it will repair the house . If property inside the house is damaged , it will repair that as well . If you can no longer live in the house because of a covered loss , it will pay the additional cost of living somewhere else . If you are sued for bodily injury or property damage it will defend you and pay damages to the limit of the policy . The homeowners policy generally meets the requirements set by a lender .


Input: How Do Life Annuities Work?

Output: Life annuities can be immediate annuities -LRB- a lump sum is paid into the annuity and payments begin immediately -RRB- or deferred -LRB- payments are made into the annuity on a regular basis until annuitization begins -RRB- . The person receiving payments from the annuity chooses to receive them for the rest of their life . If their life would end after a short time , their may be a guaranteed feature to get back at least what they paid in . In any event , the annuity pays until death occurs .


Input: How Do Life Annuities Work?

Output: Life annuities are generally a lifetime payout of income based on the companies net interest rate and mortality credits assigned to the policy . Life only payout can generate an income you ca n't outlive . This is important because the number one risk in retirement is human longevity . So even if you live past age 100 , your income continues .


Input: What Are The Benefits Of Term Life Insurance?

Output: Term life insurance pays a benefit due to death by any cause including accident , illness and natural causes . Term insurance is not permanent and has a definite ending date . Once the coverage terminates you may have conversion rights or the ability to extend coverage for an indefinite time period albeit at a much higher rate .


Input: What Are The Benefits Of Term Life Insurance?

Output: Term life insurance pays a death benefit claim to the beneficiaries of the policy . Those death benefit proceeds are generally tax free with some exceptions to rule . Term life insurance may also have convertible provisions in the policy to permanent life insurance in case you need extend coverage for ongoing financial liabilities .


Input: What Do Annuities Cost?

Output: Most Fixed Annuities cost nothing . Meaning that they have no fees that deduct from the account or that you have to pay out of pocket . Some Fixed Annuities do offer Riders that you pay a yearly fee for . These Riders usually guarantee a lifetime of income , a death benefit , or provide some other enhanced benefit . The fee is usually taken as a percentage of the Account Value . Fees can be as low as 0.2 % all the way to slightly over 1 % , it all depends on the benefit chosen and the company . Variable Annuities do automatically come with fees . They charge a M&E fee along with investment expenses . Consult a Variable Annuity Agent for specific info .


Input: How Does Health Insurance With A Deductible Work?

Output: Health insurance plans may have several deductibles . The most common deductible is your major medical deductible . Some plans also have a prescription drug deductible . The deductible is an amount you must pay before the health insurance carrier pays their portion of the claim . If you have a $ 300 Rx deductible , you must pay the first $ 300 of your annual prescription drug costs before the insurance carrier pays anything toward the cost of your medications .


Input: How Long Of A Life Insurance Term Do I Need?

Output: The length of term of your life insurance policy depends on many factors including your budget , income stream , potential earnings changes and overall financial picture . 10-20 years is the most common but a full-time financial planner or broker will determine the best options and which carries offer the best pricing .


Input: How Long Of A Life Insurance Term Do I Need?

Output: Life insurance is generally based on indemnifying a financial exposure to potential economic to the beneficiaries of the policy insured . For people under age 50 , 30 year term life insurance is available , some with conversion clauses that allow you to extend the policy to a permanent contract if the financial exposure continues or new exposures present themselves .


Input: How Long Of A Life Insurance Term Do I Need?

Output: How long is your need ? That is how long of a term you should lock in your life insurance rate . If you need $ 50,000 to pay your funeral , settle up miscellaneous bills and leave a little for your adult children , then you had better have $ 50,000 in permanent insurance . If you have $ 250,000 left on your mortgage and another 20 years to pay it , taking out a 20 year Term policy of $ 250,000 makes sense . If you took out a loan to start a tattoo parlor and owe $ 100,000 that will be paid off in 10 years , you might want to take out a 10 year Term policy of $ 100,000 . Unless combining these policies into one helps you save some money , you can adjust your life insurance to fit your need . That is part of the beauty of it .


Input: How Much Should You Invest In Annuities?

Output: One key factor when determining how much to invest in an annuity is liquidity . Most annuities come with a contingent deferred sales charge -LRB- CDSC -RRB- . Usually you can withdraw 10 % of your account value per year before triggering the CDSC . However if you wind up having to withdraw more than that amount in the first 5 to 8 years of the contract you could pay a hefty fee . Additionally any deferred earnings taken out prior to age 59 1/2 will come with a 10 % income tax penalty . For these reasons you should have an adequate emergency savings fund before investing in an annuity . You should also limit your annuity investment to funds that you will not need until you are over the age of 59 1/2 .


Input: How Much Should You Invest In Annuities?

Output: A great deal of attention is focused on rates of return but this question focuses on the real issue . If money isnt transferred to an annuity or other retirement asset , it wont be there when a person retires . The amount that should be placed in an annuity as opposed to other investments is up to the individual and the retirement income professional and should be tailored to provide a desired income stream when the person retires .


Input: How Much Should You Invest In Annuities?

Output: How much should you invest in annuities ? The answer is an individual one based on your concerns about RISK and RETURN . There is n't a formula or set amount that people should follow . Annuities and equities and other places to park money should be divided up based on your risk profile as different investment choices carry different levels of risk . Risk simply means at what point do you stop putting money in places where the return can be zero or your money could be lost ? Everybody is different , annuities for the most part tend to be low risk products . Should you have money there ? I think so , I would , but my understanding of risk and how it effects things may be different than yours .


Input: What Private Health Insurance Covers IVF In New Jersey?

Output: Most health insurance policies will not cover infertility treatments of any form unless required to by law . New Jersey is one of only fifteen states that mandate coverage for infertility . However the mandate applies to group plans and not individual coverage . Groups with 50 or more employees must comply , although there are many exceptions . Your best bet is to purchase a policy through your employer , or your spouse 's employer . The employer headquartered in NJ is most likely to offer want you want .


Input: How Much Renters Insurance Should You Have?

Output: You should have enough personal property coverage to satisfy you should you have a total loss . Your personal property would include your furniture , appliances , clothing and miscellaneous property . The amount of liability insurance is determined by your vulnerability to claim . A lawsuit can be extremely expensive . It could bankrupt you .


Input: What Does Social Security Disability Insurance Cover?

Output: Social Security Disability Insurance pays a monthly benefit to people who can not work due to a disability . The benefit is paid in cash to the recipient to use as they wish ; it is not paid to an institution or entity . An injury or illness that causes the person to be unable to work is covered .


Input: What Is Covered By Long Term Disability Insurance?

Output: The short answer to what is covered by long term disability insurance is a percentage of your income . This benefit money can be used for anything you choose . Typically it is used to cover your daily living expenses while out of work , but can be used for items not covered by your health insurance such as a wheel chair ramp .


Input: How Old Should A Person Be To Buy Long Term Care Insurance?

Output: If you have genetic health conditions that run through your family such as diabetes , heart disease , or arthritis , you might want to consider getting Long Term Care Insurance in your 50 's or earlier . Buying Long Term Care Insurance by age 60 is wise for most , to avoid age related illnesses that could cause you to not qualify for a policy .


Input: What Does Medigap Insurance Mean?

Output: Medigap insurance is another name for Medicare supplement insurance . Medicare only covers about 80 % of approved claims . You are responsible for the balance . That means copay 's deductibles and coinsurance is your liability unless you have a Medigap policy . Your responsibility under Medicare is unlimited unless you have a Medicare supplement policy .


Input: What Does Medigap Insurance Mean?

Output: Medigap insurance are health plans that cover all or a portion of the gaps in your Original Medicare -LRB- Medicare Parts A & B -RRB- coverage . Original Medicare only covers approximately 80 % of your healthcare expenses . While 20 % may not seem like a lot , it can add up to substantial medical bills very quickly . The big advantage of Medigap plans are that they can help you create a very predictable healthcare expense structure which is extremely beneficial for those on a fixed income . There are 10 different plans to choose from and each Medigap plan features a different combination of benefits , however , they are all standardized -LRB- meaning the benefits are the exact same under a given Medigap plan regardless of which company you buy it from -RRB- . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . It 's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires , needs , and budget . 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: Should I Get Supplemental Disability Insurance?

Output: Should I get supplemental disability insurance ? Well there is no right answer , just yours based on your situation . Would your employer 's plan cover all your living expenses ? If yes , pretty easy answer . Likewise if `` no '' , it 's a pretty easy answer . You purchase disability insurance to cover potential `` loss '' that you ca n't cover out of income or savings or investment .


Input: Should I Get Supplemental Disability Insurance?

Output: I am not real clear on your question . Do you have disability insurance either on your own or through an employer you wish to supplement ? If this is the case there are some things to keep in mind . First disability insurance policies coordinate with each other . The benefits to you can not exceed the limits of the policies combined . For instance , one policy will pay up to 67 % and the other policy will pay up to 70 % of your current income . If your limit is $ 5,000 per month the very best thing to happen would be the terms may last longer by having a bigger `` pot of money '' in your benefit bank . If you are looking for a supplement to cover a long elimination period and you can afford it , then it may be a good idea . If your long term policy has a 180 day elimination period , you may need a short term policy with benefits as early as 7 days but only up to 180 days when the long term policy is met . Sit down with your trusted advisor to work out your details to avoid paying premiums with no benefits because of those limits . I am always available to help as well . Good luck !


Input: Should I Get Supplemental Disability Insurance?

Output: Thanks for asking this great question ! Most commonly you may need supplemental disability insurance if you are a high earner and your existing coverage is through a group plan at work . Why is that ? Most group policies are not designed for high earning employees and may have a an income replacement amount that is not adequate for you . For example , a doctor earning $ 250,000 has group coverage that will cover up to a 60 % of income monthly , with a monthly maximum of $ 8,000 . In other words , their income replacement maximum it $ 96,000 per year . Do you think that going from $ 250k to $ 96k will a rude awakening in addition to being disabled ? Plus , that employer paid disability coverage will commonly be fully taxable as income . I hope that helps ! Ron


Input: Should I Get Supplemental Disability Insurance?

Output: If you can afford it it 's not a bad idea . From your question I ca n't tell if you have employer provided disability insurance and you are looking to supplement that or if you are talking about buying a supplemental disability insurance policy as a voluntary employee benefit that might be your only form of disability insurance . However , the basic premise of `` insuring your paycheck '' is a sound one and is an area of risk that many people overlook . For example , one out of four 20-year olds will experience a period of disability before reaching age 65 .


Input: Should I Get Supplemental Disability Insurance?

Output: Yes this insurance could be the most important insurance you purchase if you lose the ability to perform your daily duties let a good consultant look over your finances this will give you some idea where you stand and what type you need just like life insurance disability insurance coverage has certain areas that it covers .


Input: What Is The Medigap Plan?

Output: A Medigap Plan is a Medicare Supplement Plan that fills in the gaps left by Medicare Part A and B. Depending on which plan you choose , it can pay some copayments , some coinsurances , some deductibles , and/or travel outside the US . Medigap does not cover prescription drugs ; you must get Medicare Part D for that .


Input: What Can I Expect To Pay For Home Insurance?

Output: The average price for home insurance can vary greatly based on several factors . If two different people applied for the same level of coverage on the exact same property , their prices could be different , based on how similar the applicants were . The primary factors that are considered for pricing home insurance include the age of the applicant , the occupation or education of the applicant -LRB- if the insurance company offers discounts for affinity groups -RRB- , the number of adults living in the residence , and the claims history for the applicant . And this is assuming we are looking at two applicants for the same property . There are factors that adjust the price based on the differences between properties as well , so the same person applying for two similar properties may receive higher or lower premiums based on the rating factors for the residence . For example , if the property has a pool , whether the pool is fenced or unfenced , the proximity to a fire hydrant , the age and type of roofing materials , and so on . Most policies I write for Home Insurance come out to be between $ 60 and $ 120 a month , depending on the level of coverage selected . But since every customer is different , and two homes on the same street will get different rates , I always recommend contacting a licensed insurance professional to obtain quotes . It 's best to get at least 2 or 3 quotes and compare both the premium amounts and the type of coverage . Do n't just buy based on price alone , or you may wind up with less coverage than you need .


Input: When Are Life Insurance Proceeds Taxed?

Output: In most cases , life insurance proceeds , the death benefit , are received income tax free by the beneficiary in most cases . This is a key feature of life insurance . Common exceptions include business-owned life insurance issued , or materially modified , after August 17 , 2006 which may be taxable unless specific steps are taken during time of application and annually thereafter to meet conditions which allow the proceeds to be income tax-free . Another exception is a tax trap where life insurance contracts with three parties involved may also have unexpected taxable implications .


Input: When Are Life Insurance Proceeds Taxed?

Output: Life insurance proceeds generally pass tax free for domestic planning purposes . However they may be taxed in the estate depending upon how large the estate is and if its size is larger than the federal unified credit or state of residence exemptions . In certain business scenarios life insurance proceeds it could be taxed , so its important to seek tax and legal counsel for guidance .


Input: Why Would I Need Long Term Care Insurance?

Output: You would need Long Term Care Insurance if you were no longer able to care for yourself and wanted to receive your care in your home or other location besides a nursing home . Medicare will pay for home health care or nursing home care if there is a need for skilled nursing services . If you need assistance with dressing and showering but do n't need IV 's , physical therapy , speech therapy , or other skilled nursing care , Medicare will not pay for in home services , adult day care , assisted living , or nursing home . Long Term Care insurance will pay for all those options if you are unable to perform 2 or 3 activities of daily living .


Input: What Is The Best Prescription Drug Plan For Medicare?

Output: This is a great question . The right Part D plan for your will depend on your specific drugs . My clients typically like for me compare their drugs against the different part D and C plans to determine which plan will save them the most money . An experienced agent or broker should be able to help you with this process .


Input: When Does Medicare Start After SSDI?

Output: Medicare starts 24 months after SSDI . When someone has been receiving Social Security Disability Insurance for 2 years , they are automatically enrolled in Medicare . This is regardless of whether they are under the age of 65 . If the SSDI recipient turns 65 before receiving SSDI for two years , they will be enrolled in Medicare at age 65 .


Input: Does Health Insurance Cover Kidney Transplants?

Output: In most cases , subject to any deductibles , copay 's or any other limitations in your policy . Since every policy is different it is a good idea to check with your agent or insurance company to find out how the policy will pay and what your potential financial responsibility will be so that you can make payment arrangements if necessary .


Input: How Many Chiropractic Visits Did Medicare Pay For In 2014?

Output: To clarify your question - are you asking for a statistical figure as to how many specific claims were made for chiropractic services ? Or are you asking if chiropractic services are covered by Medicare ? If you 're looking for statistical data , I would suggest contacting CMS -LRB- the Center for Medicare and Medicaid Services -RRB- or Medicare for help determining that figure - insurance agents would be very unlikely to have that data available for a specific type of claim on hand -LRB- I myself do not -RRB- . If you 're looking for input regarding if chiropractic services can be covered by Medicare , then the answer would be it depends . Medicare part B may cover some chiropractic services if they are deemed medically necessary to correct a subluxation in the spine . If it 's not deemed medically necessary , then it would n't be covered . If you have a Medigap plan -LRB- also known as a Medicare Supplement plan -RRB- , the plan would only pay their portion of services if Medicare approves the claim . If Medicare does n't approve it , then the Medigap plan wo n't be able to approve the charge . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: What Does Life Insurance Cost?

Output: Life insurance is a mortality product for protecting financial liabilities for the surviving family members , business associates and charitable organizations that depend on your benevolent giving . The premium price tag depends on whether you purchase term or permanent life insurance . It also factors in you personal information like gender , age , smoking status , health history , and current medical condition . It also takes into consideration your behaviors like recreational activity , vocation hazards and motor vehicle violations . All these items weighed carefully in the determination of the premium price you 'll pay for life insurance .


Input: What Does Life Insurance Cost?

Output: Life insurance is a pooled risk plan . That means that a large number of people who can not afford the loss of the death of a person contribute to a pool that reimburses when someone in the pool dies . These pools exist in some fraternal policies . These pools become more sophisticated when they become incorporated and become legal reserve life insurance companies . These companies are regulated by the state insurance commissioner in the state where they are domiciled and the state insurance commissioner in the state where they are admitted . The purpose of this regulation is to assure the public that the admitted life insurance companies doing business in your state have adequate reserves to meet all of the promises that they have made . The insurance company looks to actuarial science . Actuaries pour through death records for hundreds of years and millions of lives . The basic result is the Commissioners Standard Ordinary -LRB- CSO -RRB- tables . These take this huge amount of data and determine in a given year the average number of people -LRB- male , female -RRB- who will die in a given year . Insurance companies compare the CSO data with internal data and from that information develop their own probabilities . The actuaries then determine the amount of money that the company must collect in order to pay death claims at a given age for a given sex . This becomes the standard premium for that age -LRB- plus the cost of administration and acquiring the business and reduced by anticipated earnings on the reserves of the company . -RRB- Because companies have access to more precise information they can carve out the differences for those who smoke or use tobacco products . This becomes the first differentiation in life insurance premiums . The companies also have data derived from smaller numbers that indicate the effect of certain diseases , occupations and habits of the population . This information is passed to the underwriters who determine if the proposed insured meets the definition of a standard risk , and if they do not , why not and to what degree do they vary from the standard risk . The underwriter can lower the premium from the standard premium if the individual falls in a narrow band of height and weight . Often to receive this lower premium the underwriters will require blood and urine analysis to determine the overall health of the individual . Others are offered an increased premium if they have a condition that has proven to reduce life expectancy , or engage in an occupation that is considered hazardous . When the underwriter completes underwriting the applicant is offered a policy . Basically it says that the company will provide so much coverage for such a period of time for a certain amount . The applicant becomes a policyholder when he or she makes the initial payment . There are many other issues involved in determining the premium for a policy but the most important is how long the coverage is to last and at what amount of coverage . At that point the issue is largely mathematics and involves the company being able to meet its obligations , its promises .


Input: Who Offers The Cheapest Life Insurance?

Output: That is a great question ! There are a great number of inexpensive policies on the market , offered by a great number of companies . The price of a policy depends on a lot of things , -LRB- as Jason listed above -RRB- and because of all the variables , it is impossible without more information to steer you to a company that would do the best for you . If you would like to email me more details , I could give you a better idea , otherwise your best bet is to find a local independent agent -LRB- one not tied to a single brand name -RRB- and have them take a look for you . Thank you for asking !


Input: Who Offers The Cheapest Life Insurance?

Output: The cheapest life insurance policy is not allows the best policy for your needs . Every carrier has their sweet spot for different situations . Your best bet is to find an experienced independent life insurance broker that can shop the market and find the best product at the best price for your unique situation . Certain carriers favor certain conditions like occasional cigar smokers , diabetics , build , cholesterol and hypertension and as soon as you figure it out , they change their parameters . Brokers stay on top of these changes and know how to guide you through this maze . Good luck finding the best advisor for you .


Input: Who Offers The Cheapest Life Insurance?

Output: This ultimately depends on what your risk class is that you qualify for with a carrier . The risk class is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . 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- . Just comparing quotes from numerous companies that show the same risk class wo n't give you a truly accurate picture . Unfortunately there 's too many factors that go into premium pricing to say what you should or should not be paying for your coverage each year . A lot of it depends on what type -LRB- s -RRB- of coverage you 're looking to purchase , the amount of coverage , and your health history . Non-medical policies generally cost 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 . Consult with an experienced life insurance broker to see what plans are available and discuss the needs for the coverage . We can help you create the benefit structure that would be best suitable to meet your needs . From there we can compare and analyze multiple carriers to see which will offer you the coverage with the lowest premiums . Please feel free to contact me for further assistance . Thanks very much .


Input: Who Offers The Cheapest Life Insurance?

Output: The cheapest life insurance is sold by your insurance agent . If you should die prematurely the agent will deliver to your beneficiary a great deal more than you will have deposited with the company under most conditions . A life insurance agent will tailor a plan to provide adequate protection at an affordable premium . His advice is valuable .


Input: Does Health Insurance Cover Helicopter Transport?

Output: Most true major medical insurance plans cover emergency medical transport which would include both ground and air -LRB- helicopter -RRB- transport . Use of an air ambulance is usually a call made by onsite medical personnel , not at the request of the patient . One thing to keep in mind is this . Air transport is quite expensive -LRB- $ 7000 + -RRB- and often the transport company will be non-par -LRB- not in any network -RRB- .


Input: Does Car Insurance Cover Hitting A Dog?

Output: Your car insurance does cover hitting a dog . It is possible that you will have physical damage to your vehicle , especially the bumper or whatever part of the car strikes the dog . There may be other expenses involved with the accident that could be covered . If the dog was `` at fault , '' and simply ran in front of you car , your insurer will certainly talk to the owners of the dog to discuss the situation .


Input: Does Home Insurance Cover Death?

Output: Only if you were liable for anaccidentaldeath would their possibly be coverage . While 300,000 is the minimum liability protection coverage I recommend for a homeowner , should your personal assets exceed this amount I highly recommend a personal umbrella policy be obtained . Umbrella polices can give you 1-10 million dollars in additional liability protection and will extend not only above and beyond your homeowners coverage but auto and rental properties as well . Consult your local agent about your liability protection needs .


Input: Does Home Insurance Cover Death?

Output: Home Insurance is not life insurance . If someone on your property or in your house is killed due to an injury and you are sued you would be covered under the liability portion of your policy up to the limits of the liability . I recommend at least $ 300,000 liability limits for the average homeowner . If you are in an upper income and have a lot of assets than at least a million or more based on your circumstances . Consult with a good local agent to determine the coverage best for you .


Input: Does Homeowners Insurance Typically Cover Dry Rot?

Output: I am going to have to give you the boring insurance agent answer : You need to check your policy and the perils -LRB- cause of loss -RRB- too see if your policy does indeed cover the loss . There are many home insurance policies and I can not comment on your policy , coverage and so on . However , I will say in my opinion this is a maintenance isse and would not be covered on your home insurance policy . It does get frustrating as a homeowner because you can not see everything but we are still responsible for the upkeep and maintenance of our property . Heck I recently had a hail storm in my area and had to put in a claim on my home and found I had dry rot on some window frames and had to deal with this issue myself .


Input: Can you get car insurance with out a drivers license or a suspended license?

Output: Typically , you can not drive with a suspended license and certainly not without a valid license . If you do , you risk arrest , fine or both . Occasionally , an exception can be made in special circumstances when a `` hardship '' situation exists . It may involve a sick relative or possibly a scenario where you are given limited privileges to drive to work or school . An SR-22 Bond is frequently utilized in circumstances where a license has been suspended , or it is a condition of reinstating the license . Each state is different . And in these situations , you would have to obtain car insurance coverage that equals at least the state minimum liability limit . In many states , the minimum required liability limit is $ 25,000 per person , $ 50,000 per occurrence and an additional $ 25,000 of property damage . However , some state have higher limits while other states have lower limits or are `` no-fault '' states . IMPORTANT : The answer to this question was provided by Edward Harris , one of the nation 's premier car insurance experts with more than 34 years of experience . Harris manages several top-rated websites , including carinsurancezoom.org , which provides the lowest auto insurance rates to consumers from the largest carriers . Our clients receive unbiased service and advice at any time .


Input: Can you get car insurance with out a drivers license or a suspended license?

Output: Generally , at least in Ohio and I am sure there are similar provisions in other States , a person with a suspended licence can get auto insurance , and should probably carry it . In lieu of auto insurance you could also purchase a Financial Responsibility Bond that will protect you if you do drive . You should never drive without a valid license and if you are obeying the law then you would not have to worry about this issue . Check into your States laws on this matter or consult a local independent insurance agent .


Input: What Is Auto Insurance Binder?

Output: An auto Insurance Binder is typically prepared by your Insurance Professional either at the time you first purchase your policy or for any subsequent significant changes you may make to it . It is an official document identifying you as the insured , certifying the coverage you have , clearly identifying the vehicle or vehicles that are covered and , if need be , listing the lien holder or Leasing company with an interest in that particular car . The binder serves as temporary proof of coverage until your permanent declaration sheet and supporting documents are received by you .


Input: What Is Auto Insurance Binder?

Output: An auto insurance binder is often issued by the insurance company or an agent/broker . It is typically a document that indicates the date that coverage will be effective . It may be immediately or a date in the future . The binder can only be issued by an authorized and licensed representative of the insurance company and is often used when a home is purchased or a vehicle is driven off the lot .


Input: Does Life Insurance Test For Weed?

Output: Absolutely . Yes , they test your blood and check for all medications you may be on , even if they are prescribed . They do this to verify the status of your health . If you are taking the drug for an ailment , they want to know about that ailment . If you take it for no such ailment , even where the drug may be legal over the counter , they want to know about it . Thank you . GARY LANE .


Input: Does Life Insurance Test For Weed?

Output: In Canada , they do test for the active ingredient in marijuana . Typically through bodily fluids such as blood and urine . Any presence used to be a decline . Now recreational marijuana users are considered at the same rate as cigarette smokers by many companies . Heavy users are often rated or declined . It is very important that you are truthful when you complete your application for insurance to avoid problems at claim time . An independent life insurance broker , who represents several companies , can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Does Life Insurance Test For Weed?

Output: That is an excellent question ! It will be interesting to see how the life insurance companies treat the drug use now that it is becoming legalized . I 'd guess that they wo n't move much on the issue , since impairment increases risk , whether it is pot or prescription pain killers . But yes they test , on larger policies , and on the smaller policies there is a question or two usually about drug use . If your demise comes as a result of smoking , and you 'd checked the boxes no , I 'd expect your claim to be denied , especially if it is illegal where you live . Most companies will deny the payout if your untimely demise is a result of the commission of a crime . Thanks for asking !


Input: Does Life Insurance Test For Weed?

Output: Life insurance companies do not usually test for rag weed , chick weed or dandelions . However , they do test for THC which is the active ingredient in marijuana . I can not speak to new underwriting stipulations in states like CO where recreational use is now legal , but in TN where it is illegal a person will have some issues . It is tested through a paramed exam with blood and urine samples taken .


Input: Who Is Eligible For Long Term Care Insurance?

Output: There are similar eligibility requirements for Long Term Care Insurance as there are for Life Insurance . The applicant must meet a certain age requirement -LRB- usually , under 84 years old for LTC insurance -RRB- , must have sufficient income to afford premium payments , and must meet the health guidelines . The health guidelines for Long Term Care insurance do differ from Life Insurance guidelines because LTC insurance is more concerned more about your chances of becoming disabled than it is about your chances of dying . E.g. Someone with polio would have a hard time getting Long Term Care insurance , even if the disease had little effect on their life , whereas that person would have little problem getting Life insurance .


Input: Who Is Eligible For Long Term Care Insurance?

Output: Extended care could happen to anyone at any time , but many financial advisers start addressing long term care needs at age 55 . Long term care insurance can mitigate the senior statistics of financial outlay that runs almost $ 250,000 during retirement . Extended care I not necessarily nursing home care , as many senior opt for home care assistance .


Input: When Do You Apply For Medicare Part A?

Output: Great question . Normally your Medicare card is sent in the mail 3 months before your 65th birthday . However , sometimes you have to apply and you can do this by visiting you social security office or website . Once you are eligible for Medicare , a broker should be able to help you understand it further as well as help you explore your options .


Input: Can My Employer Require Me To Have Health Insurance?

Output: The only situations that might fall into that criteria would be if you worked for the federal government -LRB- small joke -RRB- . No you are not obligated to comply with your employers group health plan . Although if you are not covered as a dependent under someone elses health plan or you do not have a individual policy , then you should really consider crunching the numbers and running a cost-benefit analysis against the group health plan being offered - the benefits , the cost , and your M.A.G.I. and your tollerance for bearing the financial burden that would be generally related to your level of risk exposure .


Input: How Can You Lower The Cost Of Auto Insurance?

Output: Adjusting your coverage can result in reduced premiums , of course . First , look to increade your deductibles for both Comprehensive and Collision . It makes sense on a newer car because the premium savings will be greater than on an older model . If you have an older model , check the book value of the car and see if the combination of the premium and the Deductible combined meet or exceed more than 10 % of the car 's value . If so , it might make sense to consider removing collision coverage all together . Another way is to talk to your insurance professional about bundling your car insurance with your Home and life insurance with the same company . Most companies offer major discounts for such things . Finally , ask to see if your company offers any `` affinity '' discounts for memberships in alumni associations , athletic organizations , professional organizations etc. .


Input: How Can You Lower The Cost Of Auto Insurance?

Output: You can lower the cost of auto insurance by raising the deductible on comprehensive and collision . Another strategy is to lower the coverage for public liability and property damage . That strategy is flawed because a collision could easily cost you tens of thousands of dollars if you are at fault . When your policy limits run out , you get to pay the rest . Then you will discover how truly costly that strategy is .


Input: How Can You Lower The Cost Of Auto Insurance?

Output: That is a great question ! Absolutely you can . The best way is by being a safe driver , and not having claims or dings on your driving record . Then you can see about adding or combining policies - insurance companies love to have all of your business , and some will give great discounts for getting it . The other way , and I am always careful when I suggest this , is to raise your deductible . It wo n't do you any good to save $ 10 a month if you ca n't raise the deductible if you need it . Yes , you will save money , but if you are spending what you 've saved , and ca n't afford to get your car fixed , what did you really manage to do ? Another option is to shop around , and see if there is someone who will beat what you are paying now . Good luck , and thanks for asking !


Input: How Are Life Insurance Death Proceeds Taxed?

Output: Life insurance proceeds are tax as follows , generally . Nothing is simple about taxes , so you should consult your tax attorney for specific cases . 1 . Life insurance is generally not charged income tax if the beneficiary is not the estate . 2 . Life insurance proceeds are considered part of the estate for state and federal estate tax purposes . This is if the deceased had incidences of ownership in the policy and there was no remaining spouse .


Input: Does Auto Insurance Pay For Lost Wages?

Output: Auto insurance typically does not pay for lost wages . It pays for lost cars and sometimes lost items that are contained in the car . Lost wages , however , could perhaps be recovered as part of a liability settlement if it can be proven that they were part of the damages . There also may be riders that could provide these benefits .


Input: What Does Medicare Supplement Plan B Cover?

Output: It 's actually easier to say what it DOES N't cover . With a Part B supplement , you would pay : > All hospital costs after day 365 > $ 148/day for days 21-100 in a Skilled Nursing Facility and all costs after day 100 > $ 147 deductible against Part B services Other than that , the Plan N would fill in the gaps for Original Medicare .


Input: How To Qualify For Disability Insurance?

Output: In order to qualify for Disability Insurance , you must first have an income . Secondly , your health must be reasonably good , but does not have to be perfect by any means . A Disablity Insurance broker can help you find the best priced policy based on your health . Once you identify which policy you should qualify for , you apply for the policy , take the exam , and provide any documentation or information that is requested . At the end of the process , your policy is issued .


Input: Can Women Get Cheaper Car Insurance?

Output: This is a rather ambiguous question because I am wondering as compared to whom ? I will assume that you mean as compared to a male of similar race and gender . Briefly , please do not take this answer as being racist or sexist , but premiums are based upon loss ratios , which are the results of actuarial studies based upon region , gender , race , age , and a million other details . Typically , women pay a slightly higher premium just because statistically more women make claims then men . Now this might be because more women are driving -LRB- i.e. more numerous claims -RRB- or because men drive more aggressively -LRB- i.e. causing more accidents -RRB- . Now , with this being said , women can shop around to obtain a cheaper premium . Moreover , women can take defensive driving courses and carry more liability insurance to obtain discounts at a later date . If a woman maximizes her discounts then her premium will be negligibly higher than a male of the same age and race . Sorry for the unfair answer .


Input: Why Get Life Insurance?

Output: Life insurance protects the people that depend on you , whether family , business associates or charitable organizations . Who would suffer from your economic liabilities , or future financial commitments or contributions to a non profit organization if you died ? Protecting your beneficiaries is the first step in good stewardship and defensive planning .


Input: Why Get Life Insurance?

Output: You need life insurance on your life if you owe someone money , or you love someone . Your death will have consequences , regardless of when it happens . You can ease the pain for those you love should you die prematurely by providing enough money to pay off debts , final expenses and providing additional income through what will be very difficult times . If you have charitable interests they can be addressed with life insurance as well .


Input: How Much Is The Average Life Insurance Per Month?

Output: Average is dependant upon the dollar amount of the policy , the age of the insured , the health of the insured , amongst other perameters . I have seen policies as low as about $ 21/mo for $ 25000 of coverage for a child or a policy could be 100 's or even 1000 's or more dending on the carrier and policy amount and other factors requiredfor policy issue . Contact a local agent to find out what they may have available in your area .


Input: How Safe Are Hybrid Annuities?

Output: An annuity contract is only as safe as the company who issued the policy . High ratings with a significant balance sheet can offer the financial stability and strength when it comes time to pay claims . There are six rating services that monitor life and annuity companies . it 's prudent to review those ratings before making any purchase .


Input: How Safe Are Hybrid Annuities?

Output: Its based on the strength rating reserves of the insurance company . If all the proceeding steps are met than , yes ! The hybrid annuties have several options such as . Using to pay for long term care insurance . In most cases probate on your estates can be eliminated on your money . Tax deferred income is an important bonus . Speaking of bonuses , some company pay nice bonus up front .