Input: Can You Sell A Whole Life Insurance Policy?

Output: Can you sell a whole life plan ? Well yes you can . There are companies out there that will buy a policy from an individual and continue the policy until that person dies . These companies own the policy and become the beneficiaries of that policy . The former policyholder receives a cash settlement to give up control of the policy .


Input: What Are The Odds Of Needing Long Term Care Insurance?

Output: The odds of needing long term care insurance increase as your age increases . As our medical technology gets better and better people are living longer . Long term care becomes almost inevitable . If you purchase the coverage when you are young and in better health you will have a premium that is low and manageable . If you wait until you are older it just may be cost prohibitive at that point . Contact a local agent today to find out what products are available in your area .


Input: Does Renters Insurance Cover Robbery?

Output: Depending on your policy yes , most renters insurance covers robbery and theft . It is always a good idea to keep receipts or pictures of any expensive items you have in your home . Some companies will require proof that you actually had the articles you are claiming . Unfortunatelythis is an area where a great deal of insurance fraud takes place so by taking pictures and keeping receipts you are protecting yourself and the company .


Input: How To Become A Successful Life Insurance Broker?

Output: I find it interesting that no one has answered this question from back in October . Becoming a successful Life Insurance Broker is all about relationships you have with people . I recommend to individuals who want to enter this great professions to have at least 3 months of money in the bank to live on so you have time to build your business . Finding the companies to work with is easy . What you have to work at is working a market you want to get into , and start making connections . You should have a way to get in front of people and stick to it . Whether you are going to walk the street dropping into businesses or using social media you have to have a plan and follow it . I could write a paper on this however I think I nailed this question of how to become successful as a Life Insurance Broker . Find a mentor or contact me .


Input: How Do Insurance Companies Value A Car?

Output: I assume you are talking about total loss . Companies have various ways of evaluating a car . One is to use an industry standard pricing system such as Kellys Blue Book . Another is to try to find a comparable car in the immediate market . Regardless of the technique the company uses , the insured has the right to disagree . In most cases the insured has the right to collect an amount from the company and still keep the vehicle . If you can have the vehicle restored for less , then you will have saved money .


Input: Is A Physical Required For Life Insurance?

Output: Most life insurance policies with a face amount over $ 100,000 require a physical , while most policies with a face amount under $ 25,000 do not require a physical . However , there are exceptions to both , and often you have a choice whether or not you want to get a policy that requires a physical exam .


Input: Which Small Business Retirement Plan Is Right For Me?

Output: The correct plan for your business is determined by a number of factors . Here are some of them ; How many employees in the business ? How many employees are family ? Is the business profitable and do employees earn a good living ? Do the owners want a maximum contribution plan for themselves . Are there key employees besides the owners ? How old is the ownership and the employee population ? And there are more questions ; How profitable is the company and how long has it been profitable ? And so on . So whether you put in place a 401k , profit sharing plan or defined benefit plan , these questions need to be answered .


Input: What Is Meant By Term Life Insurance?

Output: Term life insurance is life insurance that will end after a certain length of time . Some Term Life Insurance policies will automatically renew at the end of the term at a much higher price than before , and can then go up in price every year . With other Term policies , you must elect to pay the new , higher premium when the level period ends . Either way , the time of level premium ends at the end of the term .


Input: How Much Does Renters Insurance Usually Cost?

Output: On average a renters policy in Fresno , CA issued by my office costs around $ 135 per year . That really provides little useful information . Contact an insurance agent . If you dont know one , ask for referrals from friends , relatives and colleagues . The agent should listen to you , provide sound financial advice and communicate clearly with you and the insurance company .


Input: How Much Does Renters Insurance Usually Cost?

Output: Good question . Renters insurance covers your rented home , appartment or cond . It cost on average about $ 8 - $ 15 a month depending on how much personal property you have to insure . Most Auto insurance company offer it and give you a nice discount for having auto and renters insurance with the same compay . Good Luck


Input: What Insurance Will I Need In Retirement?

Output: Your insurance needs do not disappear at retirement although the coverage amounts may change . Car Insurance , home owners insurance , health insurance and life insurance all play a part in a solid financial plan . You should contact an Agent and have them conduct an Insurance preview . The last thing you want in retirement is to be paying for something that you really do n't need to .


Input: What Insurance Will I Need In Retirement?

Output: When youre asking what insurance do you need when you retire , we need to know if youre asking about Health Insurance or are you talking about protecting your family from loss . If your question pertains to your health insurance because most of us loose that when we retire then you have two options . You can look at either a Medicare Supplement , which works similar to car insurance and what I mean by that is you can buy a plan with no deductible and pay a higher premium , that will cover all of your doctor and hospital expenses or you can assume part of the risk and pay a lower monthly premium with a deductible or co-pay and it will still cover your doctor and hospital expenses . Medicare Supplement will run you anywhere from $ 155 to $ 200 per month so around 2-3 thousand dollar per year to see your doctor 4 to 5 times a year . Some people like this option because their monthly cost is set even when they have a bad health year . The other option you have is to look at a Medicare Advantage plan if its available in your area . Most plans have either low or no monthly premium and small co-pays when you see your doctor or are hospitalized . All plans have a maximum out of pocket to protect you for bad health years so if youre like the average senior and you see your doctor the 4-5 times a year , your health insurance cost will run you under $ 100 . If you were asking about insurance to protect your family from loss then the answer get more complicated because we have to look at what insurance you already have in place , if you have a pension are you looking at taking a full or partial , do you have a 401K , if married when is your spouse going to retire and if it would be better to take their social security now or wait . With out knowing the answers to some of those questions answering that question would just be a blind shot in the dark .


Input: What Insurance Will I Need In Retirement?

Output: That is a great question ! I wish you 'd been a little more specific , but here 's how I 'll answer you : 1 . -RRB- As long as you are driving , then have auto insurance . If you are finding it difficult to drive , and near misses becoming more frequent , either consider stopping , or be sure to have a good comprehensive coverage policy . 2 . -RRB- Have a good medi-gap plan , to fill in what medicare wo n't . You will need it , and a dental plan also , since medicare wo n't cover much dental work . 3 . -RRB- If you do n't have dedicated savings set aside for the cost of your funeral and the replacement of your income , then a life insurance policy is a must . If you 've got a plan in place and your finances squared away , maybe this is n't such a need , but if you 're in the 99 % , or would like to pass on some tax free wealth to loved ones , have a policy . 4 . -RRB- if you plan on staying in your home , then homeowner 's insurance is a must , if downsizing , or moving into an apartment , then a renter 's policy . Depending upon your situation , there could be other suggestions I 'd make for you , but these are the basics . I hope that answered your question , thanks for asking !


Input: What Insurance Will I Need In Retirement?

Output: Retirement doesnt change the nature of many risks faced by an individual . If you operate an automobile you will want sufficient insurance to meet any anticipated loss . It is important to remember that when you experience an uncovered loss and are retired the money to cover that loss will come from your retirement savings in most situations . Be sure to carry the highest possible liability limits . Consider an umbrella policy . If you own a home you will want sufficient insurance to protect valuable assets against loss . This is also a good time to increase the limit of liability insurance because a lawsuit could ruin your retirement plans . As people age they tend to acquire inherited property . That property needs to be reviewed and insured as appropriate . There are few of us that actually outgrow our need for life insurance . Our death is going to have a financial impact on those we love . To that extent consider permanent insurance . Single premium life insurance can play a particularly helpful role in paying final expenses but also can be used to establish bequests . Many retirees carefully protect their savings so they can pass something to their heirs . It might be beneficial to establish those gifts through life insurance and thus be able to spend freely the money that remains . Life insurance is also needed if the death of one spouse will have a serious impact on the retirement income of the survivor . Sometimes it is appropriate to select a life income option on a pension plan or annuity and then purchase life insurance to make up the loss of survivor benefit . Many retirees are concerned about charities and life insurance is a wonderful way to handle those interests as well . The most ominous issue for most retirees is long term care . Studies show that these expenses are one of the top concerns among retirees . With the increase in longevity comes an increased possibility of having a long term care need . Considering long term care insurance in a retirement budget is important . Health tends to decline , not improve with age . One option available is to take advantage of the Health Savings Accounts typically offered by employers who are enrolled in their companies high deductible plans . This tax incentive allows the individuals to contribute with pre-tax dollars and enjoy the gain on investments held in the account tax-free . Employers are often linking the HSA to the retirement program which helps employees understand that they can use the account to accumulate money for their medical needs in retirement . Some people will accumulate a substantial amount . Since these funds are not subject to required minimum distributions at seventy and a half they can continue to increase in value until needed . Because Medicare doesnt provide complete medical coverage most retirees purchase a Medigap supplemental insurance policy from a private insurance company . State administrators are involved in the coverage that these policies provide and sometimes in their pricing . Another form of insurance available to seniors is longevity insurance . This is effectively a deferred income annuity which isnt means tested until age 85 . Traditional Long term care insurance should not be overlooked . While the cost is subject to a great deal of debate the alternative is to assume the risk personally . Hybrid life and annuity policies can provide long term care coverage under certain conditions . In retirement expenses continue and retirees are often called upon to select between their own needs and the wants and desires of heirs . Anything that can be done to fence off expenses can make difficult decisions easier .


Input: What Insurance Will I Need In Retirement?

Output: What insurance you need in retirement depends on your individual situation . There are a number of things to consider . With your driving habits changing reviewing your automobile insurance could result in savings in premium . What group coverage if any will continue in retirement ? What gaps need to be addressed ? Conserve wealth for your legacy ? Money for your favourite cause ? Grandchildren ? Income for loved ones ? An overall review is recommended . Retirement has quite a few moving parts . You will find the retirement checklist helpful especially if you are from Canada WEBSITELINK If you have any questions please do not hesitate to contact me .


Input: What Does It Mean When A Life Insurance Policy Endows?

Output: This is the point where a life insurance policy pays its death benfit wether you live or die . Most life insurance policies today do not endow until age 120 . There are still some policies that will endow sooner , 20 or 30 years . Endowment policies used to be very popular but I have not seen too many lately . This is not to be confused with policies that are Paid up at a certain age or period .


Input: How Much Is Health Insurance Per Year?

Output: The average cost in the country for a health insurance plan is $ 328 per month -LRB- translating to $ 3,936 per year -RRB- - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to you . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the new 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 . You may be able to qualify for a subsidy that can be used to reduce the cost of your health insurance premiums . You may also have options for group coverage through your employer.It 's important to compare these factors - I always recommend consulting with an experienced broker . We can help you determine the plan that 's going to be most suitable for your needs and budget . Please let me know if I can be of further assistance . Thanks very much .


Input: How Much Is Aflac Short Term Disability Insurance?

Output: Unfortunately , you are not able to purchase Aflac short term disability insurance as an individual . To buy Aflac 's short term disability coverage requires that you are employed by a business that offers it , and then it is paid for by payroll deduction . You would need to contact the business you work for to get the rates for this insurance .


Input: How To Compare Health Insurance Options?

Output: Comparing health insurance options the right way is critical , if you hope to maximize your federal subsidy -LRB- if eligible -RRB- and select the most cost-effective plan from multiple carriers . During Open Enrollment , of course , there are no medical questions and pre-existing conditions are covered . The key is quite simple . Let an experienced broker help you find the best rates and the best coverage . You 'll save time and money ... and a lot of it ! LIVE answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated healthcare websites .


Input: How To Compare Health Insurance Options?

Output: This can be a very difficult question . There are many different plan options available , and which one is best for an individual person is something that can be discussed for hours . In general , PPOs are more expensive than equivalent HMOs , but you have more choices for which doctor to see . If you have a specific health condition , some plans provide additional benefits for that . The best thing you can do is discus . Your choices with an independent broker . If you are getting your insurance through work , your HR department should be able to assist you .


Input: Does Medicare Part D Pay For Viagra?

Output: No , the Centers for Medicare and Medicaid services does not consider ED -LRB- Erectile Dysfunction -RRB- drugs as medically necessary so they are not covered . I recommend locating a drug discount plan that will provide a discount on those drugs.Possibly your physician/urologist/pharmacist could have information on discounts available for this type of drug .


Input: Does Medicare Part D Pay For Viagra?

Output: No , Medicare does not pay for Viagra in Medicare Part B or Part D. Erectile dysfunction drugs such as Viagra or Levitra are not considered medically necessary by the Centers for Medicare and Medicaid Services , and thus are not covered by Medicare . There are some drug discount plans that will provide discount on those drugs , but not through Medicare plans .


Input: What Information Is Needed For Homeowners Insurance?

Output: A lot ... but your local independent agent can help you with the completion of the required information . Here are some examples of what is needed . -LRB- List is not all inclusive . -RRB- Basic info about the prospective policyholder : name , address , age -LRB- for possible Senior Discount -RRB- Mortgage holder info Year built , type of building construction , roofing type Square footage Use : full-time dwelling , seasonal usage only , etc. . Protection Class -LRB- Agent can provide based on location -RRB- Proximity to fire dept and hydrants Wind coverage needs in some States Protection/Security devices : Smoke alarms , central station monitoring systems for fire , smoke , break-ins Deductibles desired/required Swimming pool ? Protection from accidental entry ? Trampoline ? Types of playsets on premises ? Types of animals -LRB- Some are excluded since a homeowner policy also provides liability coverage and animal bites to others are strict liability issues . -RRB- Again , not all encompassing by any means but it is not as difficult as it might seem to provide all of the needed information , especially with the help of a local independent insurance agent who should already be familiar with the territory and can make the application process flow .


Input: Which Type Of Life Insurance Is Best?

Output: The best life insurance is that which is in force at the death of the life insured . The issue is that term life insurance usually expires before the insured does . So , permanent forms of life insurance are preferred . In general , consider whether your protection needs are temporary or indefinite . Temporary or finite needs of less than 30 years can be met by term life insurance for periods such as 10 , 15 , 20 or 30 years . The coverage is surprisingly affordable -LRB- dollars per day -RRB- . When the policy expires , coverage ends . To prevent that , either consider permanent -LRB- cash value -RRB- life insurance now or in the near future to ensure you do not outlive your life insurance . Meet with a life insurance professional who can analyze your situation and recommend exactly what you need .


Input: Which Type Of Life Insurance Is Best?

Output: Which Type Of Life Insurance Is Best ? Whether youre looking for term or permanent life insurance coverage for single or survivorship life , even cash value policies for tax advantaged incomeyou need to shop to secure the best policy that addresses your specific needs . And to that point : Your age , gender , smoking status and health condition dictates the price youll pay for life insurance coverage . Each company accesses the potential insured differently . Sometimes benevolent underwriting companies treat health conditions more favorably than others . Another consideration is the financial reason for purchasing life insurance : indemnification , income or inheritance planning strategies . There is just no one life insurance company that is the best in all three planning categories or health conditions . We carry the full inventory of the spreadsheet brokerage market that occupies the top rankings in each category . And we can show you that .


Input: How Safe Are Annuities To Invest In?

Output: There are a variety of annuities . Fixed annuities offer guaranteed interest for the life of the contract . They offer a lifetime of monthly payments , regardless of how old you become . It is pretty difficult to get anything that will do that . Other annuities can be a bit less guaranteed in exchange for an opportunity to participate in market based products ; however many of these have spectacular guarantees as well .


Input: How Safe Are Annuities To Invest In?

Output: An annuitycontractis only as good as theinsurancecompanywho issued the policy . So ratings andfinancialstrength are important . There are three types of crediting methods for tax deferred annuities : fixed interest rates , indices and separate subaccounts.Separatesubaccounts are used in variable annuities and can lose money.Product suitability and selection is determined by your financial profile , risk tolerance and money goals . Once you determine these critical components as an annuity purchaser , you can select the best annuity suited for you .


Input: Can I Apply To Medicare Online?

Output: Yes , you can apply to Medicare online . Start by going to this website : WEBSITELINK It will offer explanations about Medicare and help you know when to apply , as well as provide an online form . Be aware that there may be times when the website is undergoing maintenance and unavailable .


Input: What Is Supplemental Life Insurance?

Output: Supplemental life insurance is optional life insurance offered to employees beyond the amount provided to them by their employer . While group plans do not have medical requirements for life insurance , when you purchase supplemental life insurance through your group plan , there will be medical underwriting involved . If you are ineligible for supplemental life insurance through your employer 's plan , you still should be able to buy some type of life insurance in the private market .


Input: What Is Supplemental Life Insurance?

Output: Video Transcript : What is supplemental life insurance ? Supplemental life insurance can be extra insurance that you have above and beyond either your group plan at work or individually-purchased life insurance . If you purchased this and you need more , some people look at supplemental life insurance to augment what they already have . You may want to look at this in 2 ways '' ` Would I like to have more coverage or would I like to have a supplemental retirement income plan , an extra cash value contract , that can generate withdrawals to basis and policy loans to gain tax-free , as long as I keep the policy in force for the life of the policy insured ? ' If I 'm looking at it as a supplemental income play or I 'm looking at it as a supplemental death benefit , supplemental life insurance can be a great adjunct to what I already have , either by group or by my individual purchase .


Input: What Does Renters Insurance Cover In Iowa?

Output: Renters insurance in Iowa is a tremendous value for the coverage you get . While policies from different insurance companies vary slightly , the basic coverages are very similar . The primary coverage pays for damage/loss to your personal property and pays for injury or damage you cause to others or their property . To start , you need to add up the cost to replace all of your personal property -LRB- clothes , furniture , wall hangings , books , CDs , personal records , etc. -RRB- and that is the amount of insurance you need to purchase . In most cases , the personal property items are covered while inside your rented unit and while with you away , however there may be some limitations to coverage while away from your unit . You 'll have to look at specific policies to know that . Liability coverage is very important because it pays if you are found to have injured or damaged other people or property , unless that injury or damage was caused by a motor vehicle , in which case your auto policy handles it . Liability coverage under the Renters policy protects you if someone gets hurt in/on your rented property , but also from damage you cause while out and about . A common example is you hit someone with an errant tee shot while playing golf . One thing to remember is that you want to make sure you get your personal property covered for replacement cost . If you do n't you wo n't get much for property that is over a couple years old .


Input: Does Geico Offer Life Insurance?

Output: It appears that they quote primarily term policies . Also a small Guaranteed Issue whole life policy . It also appears they offer the same plans most independent agents have . The biggest difference working with an internet site or call center and with a personal Life Insurance agent . Is just that , an independent agent is your agent . The agent or customer service person at Geico works for them . You talk to whoever the computer transferred the call to . Pricing is the same whether you go the internet call center route or you use a personal agent . Many of us have serviced the same clients and their families for 20 to 30 years . They know us and we know them . When it comes time to re quote them we have the records . If something changes with their company we contact them . When it comes time for their children to buy their own plans we take care of them . If they die we take care of the claim for the family . With most call centers you get whoever answers the phone or are given the 800 number to the Insurance company . Being an Independent agent since 1985 I may be a biased . ;-RRB-


Input: Does Geico Offer Life Insurance?

Output: Geico is primarily an auto insurance company . They would be lumped in with State Farm , Allstate , Farmers , etc. . All of those company WILL sell you life insurance . And they will pay the claim when you die just like all life insurance companies . BUT a wise consumer should always shop thier life insurance with companies that are focused only on life insurance . You will usually find much more attractive choices . Do n't select life insurance by brand name . That 's the biggest mistake you can make and it 's why companies advertise so much . Select by rates and policy features .


Input: What Life Insurance Can You Borrow Against?

Output: Only permanent cash value life insurance policies have cash values . Borrowing policy loans have interest charges associated with them from zero net cost loans to direct recognition loans . And keep in mind that policy loans are only free in a modified endowment contract that is kept in force for the life of the insured . Another option of accessing cash values may be withdrawing basis or contributions , but the force out rule governs the first 15 years of a permanent life insurance policy and may be subject to a taxable event . Before moving forward with any of these ideas consult your tax adviser .


Input: What Life Insurance Can You Borrow Against?

Output: You can borrow against any life insurance policy that has a cash value built up in it . This can be Whole Life , Universal Life , or Indexed Universal Life -LRB- IUL -RRB- . Some people use IUL by putting a large amount of money into the policy while they are younger , then borrowing from their policy when they are older for an income stream during retirement .


Input: What Life Insurance Can You Borrow Against?

Output: You can borrow against a whole life policy , which typically has a guaranteed cash value . This amount starts slowly -LRB- on most policies -RRB- and gradually increases each year . Additional dividends may be paid on a participating policy and they can also be borrowed or withdrawn . There will be specified interest rate charged to your loan amount . Because of the complexity of withdrawing cash from a contract , it is always best to consult an experienced broker or a CPA to ensure you are making a wise decision .


Input: Is Medicare Deducted From Pension Payments?

Output: Medicare Part B is typically deducted from your social security check . Your Medicare Supplement premium is typically set up as an automatic payment between the insurance carrier and your checking account . You may still be able to mail in your payment but most carriers would prefer you to set up the automatic payment . There is an advantage for you in doing this . Medicare Supplement Plans are `` guaranteed renewable '' which means the only way the insurance carrier can cancel your plan is for non payment .


Input: Is Gap Health Insurance Worth It?

Output: An important question in view of the growth in high deductible health plans as well as the growing number of health plan designs doing away with office visit and prescription drug copayments and making such services subject to the plan deductible and/or co-insurance . The trend is clearly for higher out-of-pocket health care expenses for many people . Properly designed GAP policies can help address many of potential medical out-of-pocket expenses a person might encounter . Poorly designed GAP policies can still leave the person with substantial out-of-pocket expenses . There are a wide variety of GAP policies currently available with more to come I am sure . The value and cost of a GAP policy will vary depending upon the type of coverage gap -LRB- s -RRB- you are trying to fill or minimize , the premium cost associated with the GAP policy , and what is covered under the GAP policy . Each individual will have to make a risk determination as to whether the amount of financial exposure is great enough and the probability of incurring covered claims is great enough to justify the GAP plan 's premium payment . Someone with office visit/urgent care and ER & prescription drug copays , a $ 1000 deductible and a $ 4000 out of-pocket maximum probably does n't need a GAP policy . On the other hand , someone with $ 6350 deductible and a two office visits/yr covered at a $ 50 copy - that person could probably use a GAP plan . Seek out an experienced , qualified health insurance broker to help you make the GAP policy decision and to find the GAP policy best suited to your needs if a GAP policy is an answer .


Input: How Much Does It Cost To Add A Teenager To Auto Insurance?

Output: Good Question your teen must have a driver license . Some companies have better rate than other for young drivers and give discounts such as good student , teen driving education and other discount . Check with your current provider and also call a local insurance broker who can shop around for the best rate for your new driver .


Input: How Much Does It Cost To Add A Teenager To Auto Insurance?

Output: Any licensed driver that resides in your household must be included on the auto insurance policies written on cars belonging to your household . There isnt an option . A licensed driver can not sit on a shelf and not be rated on an existing automobile . If the insurance company can determine which vehicle the inexperienced operator drives , they will rate the youthful driver as the primary driver unless there are more drivers than vehicles . Even then the youthful driver will be listed as an occasional operator on one of the vehicles . It is best to consult with your agent to determine the best car for the inexperienced driver to operate . The charge for a youthful driver is generally a percentage of the normal premium , so assigning the youthful driver to a car with a low premium generally makes the best sense .


Input: Is It Okay To Not Have Health Insurance?

Output: Health insurance is a personal choice and a matter of responsibility . Anyone can receive medical care as long as they have the ability to pay . Health insurance is like an open ended line of credit that never has to be paid back . Health insurance can pay for your large claims and save you from financial ruin .


Input: How Much Will Term Life Insurance Cost Me?

Output: There 's many factors that go into the premiums for life insurance to say what a policy costs - it will be different for every person as we each have our own specific needs . The premium for a policy will depend on the insured 's age , amount of coverage they want , how long they want the coverage for -LRB- for term insurance - 10 , 15 , 20 , 25 , or 30 years -RRB- , their riskclassification -LRB- determined by your medical history -RRB- , and whether they ` reapplying with full underwriting or non-medical term coverage . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical term life insurance policies will almost always cost much more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Much Will Term Life Insurance Cost Me?

Output: The answer will depend on you . Your age , height , weight , sex factor into pricing . Smoking factors into the price . How is your health overall ? Your blood pressure ? Cholesterol ? blood sugars ? kidney functions ? Liver functions ? Driving habits ? What do you do for fun ? Pricing for any type of life insurance depend on many factors . How much your plan will cost depends entirely on you . Depending your health and habits , term can be very inexpensive to start with if your health is good , or expensive if your health is not .


Input: Can I Cancel My Renters Insurance?

Output: Of course , provided you no longer need it or unless your building owner requires you to have it as a term and condition of the lease . It would be a very good idea to check both of those before asking your insurance professional to cancel your Renters ' Insurance Policy .


Input: How Does An Auto Insurance Company Make Money?

Output: I 'm certain that this will not be a complete and thorough answer , but I would say in it 's simplest form insurance companies make a profit by receiving more in premium from clients than they payout in expenditures -LRB- claims and other operating expenses -RRB- . There really is n't any magic behind it just simple economics .


Input: How Does An Auto Insurance Company Make Money?

Output: In addition to what David said , they take those premiums and invest them , so they are earning interest on those dollars . The way they make money is , more people do n't haveclaims then do , otherwise they would n't be in business . If it looks like they are n't going to make any money , your rates will go up .


Input: Does Progressive Do Life Insurance?

Output: A lot of the `` big box '' insurance companies -LRB- or their subsidiaries -RRB- offer insurance across multiple lines . Some are more proficient in one category , others have success across multiples . Speak with an independent agent who might have access to many companies to find out if any particular carrier carries a certain type . Visit the following site to see what Progressive might offer . WEBSITELINK


Input: What Is The Average Cost Of Term Life Insurance?

Output: If you search for a graph of mortality you will see a steeply curving line . It demonstrates that the number of people of a particular age that die during the 12 month period is a pretty predictable number . The companies then say to you , how many years do you want coverage . That allows them to compute with a fair degree of accuracy the chances that you will be a victim of premature death . Now this revolves around your current age , the amount of coverage that you want , and the length of time you want the coverage .


Input: What Is The Average Cost Of Term Life Insurance?

Output: A super preferred nonsmoking male age 25 seeking coverage for $ 100,000 of ten year term life insurance will pay around $ 100 a year . The price for term life insurance depends on the face amount , the duration of the coverage period and personal information . The personal information includes gender , age , smoking status , health history , current medical condition , etc. .


Input: What Is The Average Cost Of Term Life Insurance?

Output: While I 'm sure there is a method to figure this out by adding up the cost of all policies written and dividing by that number , it would not provide a meaningful amount for you . All policies determine their premiums by amount of coverage , age and sex of applicant , and both health history and lifestyle issues . There are many carriers that sell term insurance and the main difference between them is cost . The main takeaway is : consult an independent life agent that can survey carriers for your best value .


Input: What Is A Homeowners Insurance Deductible?

Output: The deductible is the amount of a claim that you have to pay . In a homeowners policy it only applies to property coverages . For example , if there is a fire in your kitchen and resulting damage costs $ 25,000 to repair , the company will make the repairs after you have paid the deductible . Deductibles come as flat amounts or as a percentage of the total amount of coverage . The greater the deductible the lower the rate for that portion of the policy . Deductibles do not apply to many coverages of the homeowners policy , the most important being the liability coverage .


Input: What Is A Homeowners Insurance Deductible?

Output: That is a great question ! In insurance , the deductible is the amount that you have to pay before the insurance company starts paying . Generally the higher the deductible -LRB- your responsibility -RRB- the lower the premium that you will have to pay . If you are a safe driver , and do not have much risk for an accident , then a high deductible might save you a ton of money over the life of your policy . If you have a high deductible on your health insurance , and have frequent health issues requiring doctors visits , a high deductible might be a more expensive way to go . The best thing to do is to balance out your risk tolerance and ability to come up with the deductible with the affordability to safely make your payments . Have your agent run a couple of examples for you with different deductibles so you can see the difference in the premiums . Thanks for asking !


Input: How To Have A Baby Without Health Insurance?

Output: If you do not have health insurance , I suggest you attempt to negotiate with your doctor early during your pregnancy . You will find many doctors are actually willing to charge less for patients that self-pay using cash , as it cuts their expenses in not having to invoice and follow up with an insurance company to receive their payment . You may also want to contact your state 's Medicaid office to see if you qualify for Medicaid , which is available at no charge to pregnant women in most states .


Input: Is The Cost Of Long Term Care Insurance Tax Deductible?

Output: Could be . Since I am not a certified accountant , I can not give tax advice but here are the parameters for possible tax-advantaged treatment to discuss with a tax professional : 1 . Every year the IRS publishes the formula of percentage of premium by age that can be used for favorable tax treatment on the 1040 tax return . This formula is updated on various tax preparation software programs every year and certainly qualified tax advisors know what it is . It is also public information that can be obtained at various websites .2 . If the premium causes one to exceed the minimum percentage of health care costs on Schedule A , that amount above the minimum percentage could be deductible .3 . If one is a business owner , the above mention formula may be used on Schedule C to determine the deduction allowable as an amount paid for health insurance premiums .4 . C-corps may be able to ignore the IRS formula and deduct 100 % of the long-term care insurance premium on Schedule C.There may be other situations in which the payment of LTCi premium is treated in a tax-favorable manner . This is a topic for discussion with a qualified tax advisor before a consumer should make any assumptions about the tax treatment of the payment of long-term care insurance premiums .


Input: Which Insurance Company Is The Best For Long Term Care?

Output: There are several excellent long term care insurance companies in the U.S. Which one is right for you may depend on your gender , age , smoking status , health history and current medical condition ? It may also depend on the amount of benefit youre seeking . Using a bidding process based on your needs can help you select the right company . But for the most part based on price and contract definitions , Genworth is a high recommendation .


Input: How Much Does Long Term Disability Insurance Pay?

Output: Assuming the long term disability insurance covers your full compensation and the benefit pays until age 65 , the following is a general understanding of the benefit amount . If the disability insurance is not deducted as a business expense , you will receive 60 % of your compensation tax free . If the disability insurance is deducted as a business expense , you will receive 80 % of your compensation taxable .


Input: What Is Life Insurance Certificate?

Output: A life insurance certificate is a document provided by the life insurance company , or by the employer offering your group life insurance coverage . It states the company your policy was issued from , dates of coverage , and a summary of the features of your policy . The certificate is not your actual policy , but it is sometimes requested as proof of having life insurance .


Input: What Does Renters Insurance Cover In A Fire?

Output: In a fire your homeowners insurance will pay for damage to your personal property , the additional cost of finding alternate temporary lodging and will adjust the claim on the basis of replacement cost if you selected that coverage . If there are liability claims arising out of the fire your liability section will defend and pay awards up to the limits of the policy .


Input: Why Use An Irrevocable Life Insurance Trust?

Output: Why use an irrevocable life insurance trust ? The main reason is to transfer the asset -LRB- life insurance is an asset -RRB- out of the direct ownership of the insured . Why ? While life insurance is income tax free in most all situations , it is not estate tax free when adding up all assets subject to estate taxes . For a person who may have an estate tax liability , an insurance trust makes good sense . Making it irrevocable just clearly makes a line of separation from the policy owner and their other assets .


Input: Why Use An Irrevocable Life Insurance Trust?

Output: An irrevocable life insurance trust can protect the death benefit proceeds from estate taxes . However , an irrevocable life insurance trust has many strings attached , not the least of which is that the person making the trust can not make changes to the beneficiary of the policy . So visit with a knowledgeable agent , lawyer or tax professional when deciding whether an irrevocable life insurance trust is a good idea for your estate .


Input: Why Use An Irrevocable Life Insurance Trust?

Output: If your federal estate obligations or state of residence tax exceeds the unified credit or state exemptions , you may want to consider using an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- . If designed and set up by an estate tax attorney , an ILIT can hold a life insurance policy and distribute those death benefit proceeds to the trust beneficiaries tax free . If the life insurance were held in the estate , the proceeds were more than likely be subject to estate taxation at the second death of a married couple . Before moving forward with an ILIT seek out professional advice .


Input: Can I Switch From One Medigap Policy To Another?

Output: Yes , you can switch Medigap policies whenever you want , there are no restrictions . You will have to medically qualify however so be cautious and make sure you are approved for the new policy before dropping your old one . Do not just go by rates . While it is true that Medigap policies are standardized and offer the same coverage , there are some companies that offer a very low rate and within a year or two the rates increase as high as 40 % or more . Make sure you select a plan that has a stable rate history unless you like changing plans every year or two .


Input: Can Tricare Be Primary Over Medicare?

Output: Tricare is never primary over Medicare . It will only pay after all other insurances have paid . If you have Tricare and are entitled to Part A , you must have Part B to continue the Tricare pharmacy benefits . However you do not have to enroll in a Part D prescription plan . If you do choose to enroll in a Part D plan , Tricare will be secondary to that plan as well .


Input: Do You Really Need Medigap Insurance?

Output: I ca n't say that anyone really `` needs '' a Medigap plan but it is a good idea . Original Medicare only covers about 80 % of your hospital and outpatient charges . Seniors with a healthy bank account may not need or desire to purchase a Medigap -LRB- supplement -RRB- plan . While you may be healthy now , your health can change at any time . If you are hospitalized 3 times during a calendar year for unrelated medical conditions you will have to pay a deductible of $ 1184 -LRB- 2013 Medicare Part A deductible -RRB- for each admission . Medicare Part B outpatient charges can become expensive as well . After you have paid the calendar year Part B deductible of $ 147 -LRB- for 2013 -RRB- you are responsible for 20 % of the remaining charges not paid by Medicare . An $ 800 CAT scan can leave you owing several hundred dollars . Your 20 % share of Part B expenses has no upper cap . Medicare supplement plan F covers 100 % of approved Medicare Part A and Part B charges . Do you `` need '' a Medigap plan ? Only you can decide , buy for most it is a wise choice .


Input: Do You Really Need Medigap Insurance?

Output: That is a terrific question ! Unless you have a ton of money , unfortunately the answer is probably yes . The name says it all . There is a gap between what Medicare will cover , and what most people will need , when it comes to medical practices , procedures , and prescriptions . That gap in coverage then falls entirely upon you . For most people , the expense of the coverage is more than they can afford . To fill that gap , many health insurers created policies that help pay for those procedures , practices , and prescriptions . I 'd recommend that you speak with your adviser about your current health insurance coverage , your social security and medicare options , and the likelihood of needing a medigap plan , so that you can plan accordingly . Thank you for asking !


Input: Where To Shop For Disability Insurance?

Output: Some websites advertise Disability Insurance . Others , like ours , uses a separate Disability Insurance brokerage that provides the most competitive price from many companies . So you may need to call and ask the contact number on the website , or a local agency , if they can provide with your some comparative quotes . If they can get you the best rate from 5 or more companies you should be in the right place .


Input: Does Medicare Cover HIV Drugs?

Output: Surprised no one has answered this question . YES !!! HIV medications are covered under Medicare Part D Plans and MA-PD Medicare Advantage Plans that offer prescription coverage all bundled in one . Check with your plan administrator for specific coverage 's though . Anti-HIV medications will always be covered because they are medically necessary to stay alive .


Input: How To Lower Your Auto Insurance?

Output: There are several strategies that should be explored . Here are a few of the more commonly applied ones : Call two or three local agencies and ask for quotes from several of their carriers , using the same coverages , limits and deductibles . -LRB- Ask each agent for their suggestions as to lowering your costs . -RRB- Discuss all possible discounts available to you , such as safety devices on the vehicles , defensive-driver courses completed , etc. . See if you can combine your auto and home coverages on the same policy . Review your credit situation and see if you can rectify any discrepancies on the credit bureau reports Increase your deductibles , in-line with your financial situation . Consider dropping comprehensive coverages on older vehicles .


Input: How To Lower Your Auto Insurance?

Output: Start by talking toyour Insurance Professional about any and all discount opportunities your company may offer . Many companies apoply multi-policy discounts for those who insure their Home , rental apartment , Condominium etc. as well . Other companies offer additional discounts for those who also obtain Life Insurance with the same company . Ask about any `` affinity '' relationship discounts that might be available . Alumni Associations , Professional Associations etc. sometimes have a relationship with an insurance company and it 's members as such receive an additional discount . Here in CT , Nationwide has an affinity relationship with the CT Farm Bureau Federation , to which anyone can join as an associate member . Members receive an additional 7 % discount on their car insurance .


Input: How To Lower Your Auto Insurance?

Output: That is a great question ! There are a couple of good ways to lower your cost . The first , and best way to lower it is through an extended period of claim free and ticket free driving . A good driving record is a great way to save . The second is to bundle your policies - insure your other car , a life insurance or homeowners policy , with your auto insurer . They will generally give discounts on all of the policies under their umbrella . Another way is to ask . Sometimes , rather than lose your business , the company will `` find '' a way to provide you with a cheaper rate . Lastly , if you can afford to do so , raise the amount of your deductible to the highest amount that you could scratch up if you had too . Generally the higher your deductible , the lower your rate . I hope that helps , thanks for asking !


Input: Who Can Withdraw From 401K?

Output: Only the owner of the 401 -LRB- k -RRB- can withdraw money . If the owner is deceased , then the beneficary can make a claim to receive the balance of the 401 -LRB- k -RRB- . You need to be aware that when a withdrawal of monies is made , taxes will be owed the year the withdrawal is made .


Input: How Much Disability Insurance Should I Get?

Output: Disability insurance is extremely important . The street vernacular calls disability insurance paycheck protection . With most Americans have less than 90 days of reserve cash for expenses , it important to buy as to the maximum limits . The first step is to determine your legitimate earnings to establish your compensation . Then you have an important decision to make : pay the premium after tax for a tax free benefit of up to 60 % of your compensation or pay the premium pretax for a taxable benefit up to 80 % of your compensation , provided that you have ability to use the premium as a legitimate business deduction . Depending upon your gender , age , nonsmoking status and good health condition you should be ready to pay 5 to 8 % of your compensation .


Input: How Much Disability Insurance Should I Get?

Output: Considering most policies will only cover between 60-75 % of your income , you should be applying for the max benefit . You 'll want to take account of everything you pay for on a monthly basis , as well as the costs that will accrue if you 're unable to work -LRB- co-pays , assisted care , etc. -RRB- . Also , keep in mind that you wo n't be making any retirement contributions while your not making paycheck ...


Input: How Much Disability Insurance Should I Get?

Output: When deciding on your monthly benefit , it 's important to note that most carriers will only offer up to 60 to 65 % of your current income . You have to decide whether not you could sustain your lifestyle on any less than that , otherwise , it 's best to go with the maximum amount allowable . The average American only has 6 months worth of savings , so keep in mind that your cash reserves wo n't last forever . You never know when you 'll become permanently disabled . if that happened , you 'd want your benefit to be the highest possible so that you could maintain as much of your lifestyle as possible . If you want even more coverage , you can look into Critical Illness Insurance -LRB- pays out a lump sum -RRB- , Retirement Disability Insurance , and , if you 're a business owner , business overhead expense DI .


Input: How Much Disability Insurance Should I Get?

Output: The amount of Disability Insurance you can get is based on a percentage of your income . DI policies can offer up to 70 % of your income . Combined with Social Security Disability Insurance benefits , the total benefit might run even a little higher . Since your benefit is tax free , you do n't need to have 100 % of your salary replaced . And DI policies do not offer the option of paying 100 % of your salary , because they do not want you to lose the incentive to go back to work . The amount you should get depends on your circumstances , but most experts suggest 60-70 % of your income .


Input: Which States Require Short Term Disability Insurance?

Output: The states that require Short Term Disability Insurance are California , Hawaii , New Jersey , New York and Rhode Island . A few states offer disability to low income citizens in others ways . California , New Jersey and Rhode Island offer state Disability Insurance or Temporary State Disability Insurance . Puerto Rico also offers a Public Temporary Disability Insurance plan .


Input: How Much Coverage Do I Need For Homeowners Insurance?

Output: Coverage A-Dwelling , on your declaration page is the amount of money your home is insured for against covered perils . How much should your limit be ? It should be the amount of money you need to rebuild your house from scratch . That amount of money is called Replacement Cost . How do you determine the Replacement Cost Value ? To determine the Replacement Cost Value , you need to know or measure the square footage of your home . You also need to know the special features of your home , like skylights , central vacuums , etc. . You also need to know the quality of your improvements . For example , are your kitchen and bathroom fixtures Builders Grade or Luxury ? If you can gather that information , call your agent and review it with them . They should be able to help you come up with a reasonable estimate of your homes replacement value . You should revisit the value every three to five years or after you make a significant improvement . You want to keep pace with your homes value , but you dont want to over insurance and waste money . 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: Is A Pension Plan An Asset?

Output: From an individual perspective a pension plan is an asset . It would be included in your net worth . The rules around pension plans can be complex , so it is an asset , but you may not be able to access it until a stated date . From a company 's perspective the pension is a liability , since the company is to varying degrees on the hook for funding . If you have further questions , or feel that I can be of assistance , please do not hesitate to contact me .


Input: Is A Pension Plan An Asset?

Output: Whether your retirement plan is a defined benefit pension plan or defined contribution plan , both are assets and are part of your net worth and cash flow statement . Asset liquidity is somewhat relative depending upon the time you access your account . Product surrender charges , penalties and ordinary income taxes can all erode the actual value .


Input: Will Medicaid Take My Life Insurance?

Output: If the face amount of the life insurance exceeds $ 1,500 at the time of Medicaid is being applied for , they could count the cash value of the policy . The face value is the amount beneficiaries would be paid in the event of the applicant 's death . Death proceeds go to the beneficiaries of the life insurance policy based on the death insured not the policy owner . Consult an attorney before relying on any information dealing with Medicaid .


Input: Will Medicaid Take My Life Insurance?

Output: No , Medicaid will not take your life insurance . You can have as much Term life insurance as you want , and you can have a final expense policy that will fund your funeral and burial needs . You can also have Whole Life insurance , but if the cash value of your life insurance goes above a certain amount , you may need to adjust your policy when going on Medicaid . Talk to your Health and Human Services Dept to discuss their guidelines and your options if you have a Whole Life insurance policy .


Input: Will Medicaid Take My Life Insurance?

Output: Absolutely yes , Medicaid will take the cash value of your life insurance policy , if they spent money on long term care for you . The cash value is one of your assets and can be ceased . There are things you can do , however . I urge you to speak either with me or some other capable person , to establish an ILIT . That is an Irrevocable Life Insurance Trust . If done a few years in advance , you can shield all of the cash value of the policy in this special trust , and have your beneficiaries get all of it without being ceased . Love to discuss it . GARY LANE . garylane@cox.net . 714 422 9616 .


Input: What Happens When You Lie On A Life Insurance Application?

Output: There are two types of lies to consider when youre about to commit fraud : a misrepresentation of the truth and the omission of a material fact . Forms of fraud can be grounds for claim denial and possible criminal charges in business scenarios where other individuals or institutions relied on your coverage to indemnify them .


Input: What Happens When You Lie On A Life Insurance Application?

Output: Many things could happen from lieing on a life insurance application . Depending on when the lie is found out about . Reprecusions could be as minor as having the application denied to as severe as criminal prosecution . If the lie is discovered after the death of the insured the the death benefit would more than likely not be paid by the carrier ; the most that the carrier wouldtypicallybe responsible to pay under these circumstances would be the total premium paid in over the lifetime of the policy . If the policy death benefit had been paid already then the carrier will typically request the amount paid back -LRB- possibly less the total premiums paid -RRB- and then may seek criminal procescution . It is best to be as honest as possible during the application process as there is lot of information that is checked and double checked with many sources .


Input: Why Do I Need Long Term Care Insurance?

Output: Roughly sixty percent of Americans will require long term care services sometime during their lifetime . This is not exclusively a problem for the elderly as younger people can require this type of care some times . This level of care includes a range of services including skilled and custodial care that is provided over a long period of time . These requirements come from chronic sickness or injury , cognitive impairment and physical disability . Hospitals provide acute care . Medical care given over a long period of time for chronic conditions is where the need for long term care arises . Sometimes custodial care is required because the patient has lost the ability to do one of the recognized activities of daily living or instrumental activities of daily living . Most of the long term care given in the US is given by family members . However , there are many situations where family members can not provide necessary care . Professional and non-professionals can provide aid and assistance to these people . This long term care can be given in the home of the patient or in a variety of institutional settings . Long term care can be given in day-care facilities , nursing homes , and assisted living facilities . On average men need more than two years of long term care while women need almost four years on average ? The leading causes for patients requiring long term care are dementia , arthritis , cancer , stroke and nervous conditions . Caring for a patient in a home setting can cost up to $ 150,000 per year . The cost for a nursing home bed is about $ 75,000 per year -LRB- this varies by location . -RRB- There are basically four ways to finance long term care . The family can take the expense out of their own pocket , they can look to government programs -LRB- if they qualify , -RRB- they can use long term care insurance or they can rely upon charity . For a variety of reasons long term care insurance has provided a solution for many people . LTC insurance provides predictability for an otherwise unpredictable risk . It has become such popular coverage and policyholders have been so reluctant to drop their coverage that the benefits have started exceeding the premiums . It is quite popular among wealthy policyholders . Many companies that offered coverage have withdrawn and others have been forced to raise their premiums . This adjustment seems to be complete now . There are various forms of LTC coverage . Policies different widely . It is rather difficult to compare but is worth the effort . When deciding on a policy the first thing to establish is the amount of coverage you want and the period of time you want coverage . The second consideration is how soon after the start of long term care will you want the policy to start paying . This waiting period is computed in several ways so care must be exercised to make sure you are making a fair comparison . Not all policies use the same events to trigger benefits so care should be taken in this area as well . This can be a very technical area so compare your situation with the policy requirements . How a policy pays out will vary according to the policy . Some policies provide for reimbursement of expenses , others use an indemnity form which pays up to a specific limit of expenses incurred on each specific day , and some are on a cash model which pays a maximum benefit regardless of the actual cost of the care that is being given . Long term care insurance is a way to protect assets . The alternatives deplete assets with the government programs requiring a person to be in poverty .


Input: Why Do I Need Long Term Care Insurance?

Output: Why do I need long term care insurance ? You may not . The choice to purchase long term care is an individual one that depends on what a person wants to protect . If there are assets a person wants to hold onto or even pass along to family , a long term care policy makes great sense . If there is n't that desire , then it makes less sense . The main reason for many insurance purchaese that they create instant money to pay for something needed . Insurance does this so the individual can avoid liquidating other assets .


Input: Why Do I Need Long Term Care Insurance?

Output: The # 1 risk to retirement is human l ; longevity . Living longer means your retirement money has to last longer . Most seniors are on a fixed income , so any additional expenses can have a significant impact . Long term care insurance can mitigate the cost of assisted living and/or nursing home confinement .


Input: Why Do I Need Long Term Care Insurance?

Output: Not everyone needs long term care insurance . LTCI is not for persons who are struggling to meet their day to day living expenses , rent an apartment , and have little savings and no investments . If such a person needed to go to a nursing home , Medicaid will almost immediately start picking up their tab and they will be fine . Long term care insurance is for those who have substantial assets or income that they do n't want to `` lose '' by paying high long term care costs . Some people are OK with their savings going to long term care expenses , if needed . They figure that is why they saved . Others feel strongly that they want to pass that wealth to heirs to continue a business , care for a disabled adult child , or help grandchildren go to college , among a myriad of other reasons . It is this latter segment of the population that `` needs '' long term care insurance , especially if they are not so very wealthy that paying nursing home expenses for many years would simply dent their resources , rather than deplete them . If they can afford long term care insurance , but would not be able to to pay for long term care services , people who are adamant about choosing the type of care they receive , or persons who are setting up a plan so that their children do n't have to worry about it , also could use long term care insurance . As long as Medicaid is around , no one absolutely needs long term care insurance . But for all the reasons above , many people would consider it a need if they looked at it realistically .


Input: How Much Does A Urinalysis Cost Without Health Insurance?

Output: A urinalysis costs approximately $ 35 - $ 60 , depending where you live and what facility is used to conduct the test . Typically , it is part of a routine examination or annual physical . Many items are checked with this type of testincludingyour liver and glucose . If you have existing medical coverage and the test is considered preventive , the insurer may pay for the entire cost .


Input: How Long Do You Need Life Insurance?

Output: Not a simple or short answer . While there are huge numbers of people in the US that do not havelife insurance , thelength of timeto purchase life insurance depends uponthe reason for the life insurance . People who have large estates will uselifeinsurance as a planning tool to help pay for estate taxes.Some willneed life insurance purely as a death benefit . Others will useto generate tax free retirement , where the cash value is not tied up & can be used before reaching retirement age as Walt Disney tocomplete the financing to launch Disneyland -LRB- in CA -RRB- . Best advice ... get with a consulting agent with experience withall of the above and allow them to help decipher your individual needs .


Input: How Long Do You Need Life Insurance?

Output: I always suggest keeping at least enough Life Insurance to cover final expenses . Even if you have investment money or money set aside you feel is earmarked for your final expenses , with the economy the way it is , you can lose a great deal of your investments in a short period of time . If your health declines you may be forced to go to a nursing home which will eat up any assets . A properly set up Final Expense Policy can help protect that money by utilizing a Funeral Trust . Life insurance is also protected from lawsuits and creditors .


Input: How Long Do You Need Life Insurance?

Output: How long one needs life insurance depends upon the purpose of the life insurance . If the purpose is to cover a 5 year bank loan , then you need it for 5 years . If the purpose is to pay estate taxes , then you need it to last until the 2nd spouse has passed away . If you need it until your mortgage is paid off , then you need it for that number of years , etc. , etc. . Point is , first define the need , then it 's easy to figure the length of time .


Input: How Long Do You Need Life Insurance?

Output: Until the day you die ! Your death benefit needs may change and the type of policy you carry -LRB- term , permanent , universal etc -RRB- may change , but you always need it . There is no stage in life -LRB- or death -RRB- where a life insurance policy -LSB- the correct one -RSB- is n't an asset to your overall financial picture . Obviously , there will be times where it becomes more obvious to carry real death benefits with the intention to protect loved ones , future college educations , costs of living and paying off obligations like mortgages , but do n't be fooled into thinking that a $ 20,000 final expense policy is n't worth the money . regardless of the insurance policy , you 'll be happy you had it in place when you needed it . For more information on the proper amount of life insurance needed visit www.clminsure.com or call 561-320-2978


Input: How Long Do You Need Life Insurance?

Output: You need life insurance as long as you love someone . You need life insurance if others will suffer loss because of your premature death . You need life insurance as long as a lender requires it to cover a loan . You need life insurance as long as you want to see those that you love receive an inheritance from you .


Input: How Long Do You Need Life Insurance?

Output: There are different schools of thought on how long you need life insurance . Some believe that you only need life insurance until you save up enough so that your dependents would do OK , even if your died prematurely . That philosophy is often called , `` buy Term , invest the rest . '' Those who like this idea tend to buy shorter terms and pay as little as possible for their life insurance , with the hopes that by the time their Term policy ends , they will not need to buy more . Some choose the age of retirement as their cutoff point for owning life insurance , with the intention of having all debts paid off and money for retirement saved up by then . On the opposite side of the fence are those who would use life insurance for a lot of their supplemental income and security in later life , and thus only buy permanent policies . Not only do they spend more on premiums than those who buy Term only , but they may even increase their premiums so that their policies are paid up by the time they retire . Many people fall somewhere in between . They buy what is most cost effective for each particular need . E.g. . They may buy Term for the bigger expenses in their lives , such as getting their kids raised . And they might buy a smaller Whole or Universal Life policy for their final expense needs . Then try to diversify their investments as is prudent at each stage of their lives , and in accordance with the economy , and products offered at that time .


Input: How Long Do You Need Life Insurance?

Output: Complete a life insurance needs analysis - there are general worksheets that you can google for , however , to get the most accurate picture , you should talk with an independent life insurance broker . The purpose of the insurance is a driving factor in determining how much and how long you need the coverage for -LRB- e.g. paying off a mortgage , income replacement , estate planning , family protection , etc. -RRB- . Someone only looking to pay off debts only `` needs '' the coverage til the debt is paid off . For example , if you have a $ 500,000 mortgage that should be paid off in 30 years , you would only `` need '' the coverage for 30 years , so a permanent be suitable to the need . If you 're looking to provide income for your family in the event of your death , you may want a combination of term and permanent coverage . Realistically speaking , most people are not going to purchase enough coverage to cover every need that they have - many times this is because they ca n't / do not want to write the check for such a high amount . You should look at which are the most critical needs you want to meet , how long do you need to have each of them covered for - this will point you in the direction of how much coverage is appropriate to have and how long you will need it for . If you have any other questions or would like help with your coverage , send me a message by clicking on the `` contact me '' button , or call me at 703-665-9133 .


Input: How Long Do You Need Life Insurance?

Output: How long a person needs insurance is of individual importance . There is n't a blanket answer for everybody . One person may only want coverage for a set period of time . Another may want coverage till the day they die . Who 's correct in their choice ? They both are if that is what they wish . About the only thing I would suggest if you decide a limited period of time is all you need for life insurance , is to cover your bet with convertable term insurance . That way if you decide you do need coverage till the day you die , you 've got that option .


Input: Does Car Insurance Go Down Every Year?

Output: Great question . The way auto policies are rated today includes a myriad of factors and that makes it difficult to predict premiums . The factors include the personal details of drivers , including their driving records and their credit reports and the year , make and model of the auto . You may be surprised to find that an `` expensive '' Lincoln costs less to insure than a `` less expensive '' compact car . Why ? Because little cars are more easily totaled in an accident and total loss claims are more expensive than simple repairs to a heavier vehicle ! In general if there are no changes to all the moving parts , you may expect your rate to be stable and perhaps go down over time if you have no claims . Another interesting factor is your carrier 's position in the local market . For example , in Florida there is a lot of market volatility and carriers come and go in the market . A new carrier may have aggressively low rates as they are eager to write more business and get market share . Going with that carrier may be a good deal for the first year or two , but you may well see big increases at renewal as the carrier adjusts their position in the market .


Input: Does Car Insurance Go Down Every Year?

Output: This question typically arises in the context of an insurance consumer questioning if the auto insurance premium will decrease as the insured vehicle ages and therefore decreases in value . Years ago , all things equal , meaning no general across the board rate increase , the physical damage portion of the policy did indeed decrease as the car value decreased . In today 's world , with the myriad of rating factors determining an individual auto insurance premium you should no longer expect an annual decrease as the car ages . Your agent can provide more insight into your specific situation .


Input: Will Homeowners Insurance Cover Injury?

Output: That is going to depend on who is injured and the cause of the injury along with the policy inclusions and exclusions possibly less your deductible . If you are asking about someone being injured on your property that your are deemed responsible for then your homeowners liability coverage may provide for this . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Does A Term Life Insurance Mean?

Output: Think of term life insurance as temporary protection against economic liabilities for a family or business . T.E.R.M. = Temporary Expense Reimbursement Money . Term life insurance is a guaranteed premium and death benefit coverage for a certain period in time . Most term life insurance coverage is guaranteed and generally offered in five year increments : 5 , 10 , 15 , 20 , 25 and 30 . A few companies actually allow you to customize your guaranteed period of coverage with certain limitations on age and product offering .


Input: What Does A Term Life Insurance Mean?

Output: Term life insurance tends to expire before the insured does . Term is best for temporary needs . We always encourage clients to consider permanent -LRB- cash value -RRB- life insurance for needs that may last longer than 10-30 years . Keep in mind the risk of buying the wrong product . If the term policy will or may run out when needed the most , you have lost one of the essential benefits of buying life insurance , peace of mind . A life insurance professional can help with assessing needs and matching them up with the right solutions .


Input: What Does A Term Life Insurance Mean?

Output: A Term life insurance policy is one that will have the same premium for a set number of the years in the term . Some Term life insurance will guarantee that the premium will not go up for the entire term ; other Term life insurance will guarantee that the premium can not go up for part of the term . E.g. 30 year Term life may be guaranteed not to go up in price for the full 30 years , or it can be guaranteed not to go up for 20 of the 30 years and `` hope '' that it wo n't go up the last 10 years . Term life insurance does not have any cash value . If you quit paying on Term life , it will end after one month .


Input: How Much Is The Cost Of Home Insurance?

Output: In order to assess the Cost of Your Home Insurance , you must obtain a quote by answering some basic questions about the home and a few additional details for the purpose of eligibility and appropriate discounts . The characteristics of the home -LRB- i.e. year built , square footage , style of home -RRB- will help calculate the necessary reconstruction cost of the home ; prior claims experience will help the insurance company assess the probability of risk ; personal details will help assess personal discounts -LRB- i.e. marital credit , maturity credit -RRB- ; and security features will also help apply discount credits to the policy -LRB- i.e. Central Station Alarm , Full Fire Sprinklers , Gate Community -RRB- . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: What Is Protection Class For Homeowners Insurance?

Output: The Insurance Services Office is an independent organization that sets the protection class for most properties in the United States . Most companies subscribe to this service and issue policies based upon their classification . This information is not always current but getting it updated can be a slow process . For example , often fire districts merge and the service to a location might have previously been 15 minutes and is now 2 minutes . Getting that noted is difficult .


Input: What Is Protection Class For Homeowners Insurance?

Output: Standardized Protection Classes are determined by the Insurance Services Organization -LRB- ISO -RRB- . They regularly survey local Fire Companiesand determine these Protection classes based upon a company 's equipment and response time as well as the proximity of fire hydrants within each neighborhood . Insurance companies use this information , in addition to other factors , in order to adjust their base rates to determine the amount of premium that needs to be charged to most accurately reflect the particular risk . Generally speaking , Protection classes run between PC 1 and PC 10 and the lower the number of the protection class the lower the premium . All Insurance companies should be using the same Protection Class ratings , but in practice I have found that this is not always the case . Be sure to check with yor insurance professional to make sure that your home is properly rated t avoid any problems down the line .


Input: What Is Protection Class For Homeowners Insurance?

Output: Protection class is determined by an independent organization called the Insurance Services Organization -LRB- ISO -RRB- . ISO will classify the from PC 1-10 based on the distance to a fire department and fire hydrant among other things . On Long Island , NY most homes are considered protection class 4 meaning they are within 5 miles of a Fire Department and within 1000 ft of a fire hydrant . Some homes in the hamptons are Protection class 9 . This means that they may be within 5 miles of a fire department but they do not have a hydrant within 1000 ft. Many companies will either surcharge the risk or not write it at all . Having said that , if the fire department has trucks that can pump from an existing body of water , at a certain rate per hour , or can hold a certain amount of water they can be eligible for the Protection class 4 rates . Hope this helps !


Input: Is Nplate Covered By Medicare?

Output: Nplate is a prescription drug so it would not be covered under Original Medicare -LRB- Parts A & B -RRB- - you can use the plan finder tool on the Medicare.gov website to see what prescription plans will cover the medication as well as enroll in a plan -LRB- if an available time to - e.g. having a special enrollment period or it 's the annual enrollment period -RRB- .


Input: What Medicare Supplement Is Offered By AARP?

Output: AARP has endorsed United Healthcare as their carrier of choice for Medicare supplement plans . The plan selection is a bit limited compared to other carriers . In Georgia for example they only offer Medicare supplement plans A , B. C. F , K , L and N . There are almost always plans with other carriers with lower rates .


Input: Who Offers The Best Private Health Insurance?

Output: There is no one national `` best of breed '' when it comes to heath insurance . Health insurance is driven at the state level and therefore varies greatly from one state to the next . Even products and rates from the same national insurance carrier will vary from state to state . People 's definition of `` best '' vary from person to person as well . For some it 's the plan with the lowest monthly premium cost for others it is the plan with the richest level of benefits . In that sense , only you can determine what private health insurance plan in your state are the best fit for you . I would recommend you seek out the services of an experienced health insurance agent who is certified to sell health insurance both on and off of the government health insurance marketplace to help you determine what the answer to your question is for you specifically .


Input: Who Offers The Best Private Health Insurance?

Output: What is BEST is so subjective . Office Co-pays , Rx Co-pays , Low Deductible , High Deductible , & more all play into the flexible definition of BEST ... . HOWEVER , I do see a growing trend that can put a more objective -- that is the TYPE of network you buy . PPO / HMO / POS / EPO . Do you know what these acronyms mean ? Do you understand the impact on WHO YOU CAN SEE when you pick a different network . In my area , Nashville TN , the difference in networks is HUGE between carriers . The top carrier has 2002 Family doctors in a 50 mile radius of down town ... the # 2 carrier for 2016 ... . only 270 . 86.5 % LESS doctors to go see . Cardiologists : 201 vs 34 ... 83 % LESS !!! I will stand on the statement , `` There ARE better plans . The better plan gives you greater access to doctors & hospitals in your area & possibly nationally . ''


Input: Why Will Health Insurance Rates Go Up?

Output: It is inevitable . The new health care changes coming into effect in 2014 will make everyone insurable , regardless of their current health condition . Health insurers based their rates on a number of factors which include what is called `` insurable risk '' . If you are too high a risk they can elect to not cover you . That will change . Conversely , since their risk exposure will increase it stands to reason the cost to insure others will increase as well .


Input: Why Will Health Insurance Rates Go Up?

Output: Because of the affordable care act insurance companies must cover everyone regardless of their health . This will increase claims . The companies must also cover pregnancy for all women which is an increased exposure in many cases . Companies can no longer charge according to age , the rates will be determined by community rating . As a result younger people will have their rates go up while some older people may have their rates go down . All of this increased exposure means more claims . The companies will be forced to raise rates to keep solvent .


Input: What Is Modified Adjusted Gross Income For Medicare?

Output: Modified Adjusted Gross Income -LRB- MAGI -RRB- for Medicare is the total of your adjusted gross income and tax-exempt interest income . These are the amounts on lines 37 and 8b of IRS form 1040 . If you file your taxes as married , filing jointly and your MAGI is greater than $ 170,000 , you will pay higher premiums for your Part B and Medicare prescription drug coverage . Singles will pay higher premiums if your MAGI is greater than $ 85,000 . The increases are done on a sliding scale . If you have both Medicare Part B and prescription drug coverage , you will pay higher premiums for each . If you have only oneMedicare Part B or Medicare prescription drug coverageyou will pay an increase only on the benefit you have . Also , in 2013 persons receiving Medicare who have a MAGI over $ 250,000 for married couples or $ 200,00 for singles , and have `` Net Investment Income '' , will pay a 3.8 % Net Investment Income Tax . For more information call Social Security at 800-772-1213 .


Input: What Is The Current Interest Rate On Annuities?

Output: Deferred annuities normally have a guaranteed interest rate identified in the contract . That is the lowest rate of interest that the company will pay . However , to remain competitive with other investments the company will frequently credit interest on a current rate . That rate is normally higher and is adjusted periodically . Sometimes that rate is applied only to new money .


Input: What Is The Current Interest Rate On Annuities?

Output: That is a great question ! But a difficult one to answer ... Most companies will offer several interest strategies on an annuity , and those can be dependent upon market fluctuations , or contractual stipulations . They can change daily . Other annuities will have set interest rates that may change monthly , or may remain the same . Rates will vary from company to company , and from annuity to annuity within the company . Your best bet is to contact the agent for the company you are interested in , and ask for the current rates . Anything that I 'd tell you here would most likely change before you read it . But thanks for asking !


Input: Is Life Insurance Required?

Output: No , life insurance is not required by law . Sometimes a court will order that life insurance be purchased as part of a divorce settlement , and some lenders require the purchase of life insurance as collateral for a loan . But there is no federal or state requirement that people buy life insurance , at this time .


Input: Is Life Insurance Required?

Output: There is no law that requires a US citizen to purchase life insurance like the new ACA law that requires all US citizens purchase health insurance , There are situations where life insurance can be required such as court ordered due to a divorce or child custody case or even adoptions . Also lenders such as mortgage companies can require a person to purchase life insurance to secure a large debt .


Input: Is Life Insurance Required?

Output: There is no legal requirement that anyone have life insurance . However there very clearly is a moral , ethical , and loving requirement to have at least some life insurance . Anyone with a spouse , children , loved one , religious or charitable ties , has a responsibility to make sure their family is provided for in their absence . How would your spouse survive without your income or assistance ? How could they pay someone to provide what services you provide and care for the children ? How would the mortgage be paid ? I can help assist you in your planning and provide you with a series of alternatives , for you to select the one you can comfortably afford and be secure with .


Input: Is Life Insurance Required?

Output: Not yet but that may be the next `` requirement '' on the list of surprises that Washington has in store . If you do not have life insurance what type of `` burial '' do you desire and and how will you pay for that type final disposition upon your death ? Do you plan to be cremated , funeral home service , or have the big funeral in the church of your choice ? There are `` funeral policies '' available and in recent years the `` final expense '' policy has become very popular


Input: Is Life Insurance Required?

Output: Here is the legal angle : Life insurance is not required by federal or state law . The government leaves it up to the citizenry to take care of our families , business , and charities . Good thing . We dont need more regulation or taxation . However : Life insurance is required by some legal contracts . Lenders may make a policy mandatory before closing on a business loan . Investors may call for a policy before injecting money into a business . Divorce decrees typically do obligate the participants to carry coverage . An additional point : I personally believe that life insurance is a moral obligation . You have a spouse and children financially dependent on you . You have the employees of your business dependent on you . If you have made a commitment to certain causes , you have those communal and social organizations dependent on you . Why let them down ? Life insurance lets the show go on for these folks .


Input: Who Sells Homeowners Insurance?

Output: That is a great question ! There are a ton of reputable companies that offer homeowners policies . It is a good idea to shop around , and get several quotes . Ask your friends and family who they used , and how they like the service and policy coverage . Look at some ratings companies like A.M. Best , or Standard and Poors to gauge the financial stability of the company , and their ability to pay claims . Then choose your best option . Good luck , and thanks for asking !


Input: Who Sells Homeowners Insurance?

Output: Homeowners insurance is sold by a licensed insurance agent . If you do not have a relationship with an agent , get recommendations from friends , colleagues or neighbors . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Selecting appropriate limits is the key to having the insurance you need when you need it .


Input: How Much Do Life Insurance Brokers Make?

Output: That is an excellent question . The answer is that the income depends upon the agent . We are paid on commission , meaning that if we do n't sell , we do n't get paid . The agents that are good at sales , and are motivated to work hard can make a ton of money . Many agents are working around kids ' school activities , or a part time job , and make considerably less . It really is all up to them . Thanks for asking !


Input: How Much Do Life Insurance Brokers Make?

Output: Life insurance brokers are typically paid based on performance . If fact broker are usually on commission so how much they earn can vary dramatically . Providing an average would be misleading . I know agents and brokers who earn who earn $ 25,000 and others that earn hundreds of thousands - in the same company . There are even a few that command 7 figure incomes . The answer to you question is that what life insurance brokers is up to them . There is no limit .


Input: How Much Does Permanent Life Insurance Cost?

Output: The cost of Whole Life insurance depends on many variables : your age when you take it out , your health at the time you take it out , whether you are a tobacco user , and the type of Whole Life policy you choose . Putting off purchasing life insurance for just a few years can make a big difference in premiums when you are buying a permanent product . The best answer I can give is to meet with an agent you trust -LRB- someone you know or an internet agency that appears reputable and offers Whole Life -RRB- and discuss your options . Whole Life can be affordable when purchased correctly .


Input: Who Should Consider Long Term Care Insurance?

Output: Everyone . You never know what will happen in life . Having long term care coverage provides coverage if you should need it for things like in home care and care in a nursing home amoungst other things . To make certain that you are getting the coverage that will best fit your needs contact your local agent and they will help you find the products that will work best for you .


Input: What Is Protected Under Renters Insurance?

Output: A renters policy covers damage to your personal property located at the residence . This would include your clothing , furniture and most other things . This coverage has a specified limit . The policy also covers you should you be sued for an occurrence that qualifies for coverage . The suit must be seeking damages for bodily injury or property damage and must not be excluded by other provisions of the policy . This coverage has a specified limit .


Input: How Long Does Disability Insurance Pay?

Output: Disability Insurance pays for as long as your plan dictates , while you are disabled . You pick a benefit length when you purchase your policy . You can buy plans that pay for a number of years , or that pay a lifetime -LRB- to age 65 -RRB- . If you buy a three year plan and are disabled longer than three years , the plan will stop paying three years after the disability occurred plus the days in the elimination period .


Input: How Long Does Disability Insurance Pay?

Output: Along with what Steve and Peggy mentioned , some carriers will offer 2 , 5 or 10 year benefit periods , too . The smaller the benefit period , the cheaper the policy . Often times , carriers will write the policy with a smaller benefit period if the client has a medical condition , a risky profession , etc. .


Input: How Long Does Disability Insurance Pay?

Output: Disability insurance is sold for short term and long term coverage . Most short term coverage policies are 60 month contracts . Long term disability polices generally go to age 65 . There are specialty disability companies that actually extend coverage longer than age 65 . Keep in mind that most Americans also have Social Security Disability Insurance benefits as well .


Input: Where To Get Short Term Health Insurance?

Output: Short-term health insurance is offered by numerous major companies such as UnitedHealthcare , Blue Cross and others . Rates are very inexpensive since typically pre-existing conditions are not covered . A quote takes about a minute and applying for coverage is extremely fast . Experienced brokers -LRB- and our websites -RRB- are the best resource for comparing temporary coverage . You can purchase coverage for as little as a month and often as much as one year . These plans , although cheap , are not ACA-compliant and should only be used as a bridge from one plan to another .


Input: Does Car Insurance Cover Rims?

Output: It covers everything on the car , but if you do n't let the insurance company know that you have modified the car in some way then you may just get the `` stock '' rims / hubcaps or whatever if you sustain a loss . It does vary so I 'd check with your company , but I 'd recommend insuring those modification separately in the `` modifications to the car '' section of the policy and pay the additional premium associated with it . If you do n't , you may be out of luck .


Input: Does Home Insurance Automatically Renew?

Output: Here in Connecticut , Homeowners ' Insurance policies are among those that continuously renew provided that your home continues to meet our insurance company 's underwriting guidelines as they have filed with the State Insurance Department . That having been said , is you fail to pay your premium , if the claims history becomes adverse or if you leave your home abandoned and vacant , The insurance company may non renew or mid term cancel .


Input: Does Home Insurance Automatically Renew?

Output: This may vary by state . In California if an insurance company decides to not renew a homeowners policy , they must , by law , provide adequate notice . This generally is 60 days prior to the expiration date of the current term . The policy has a provision that outlines the company responsibility but basically says that the company will renew the policy unless the insured is notified otherwise .