Input: Do Life Insurance Agents Really Care Or Do They Just Want To Make A Sale?

Output: Having been in this business for more than 30 years I have seen many agents come and go . There are , unfortunately , agents who are self centered and just interest in a sale . Check out the agent . Is he or she new in the business ? Sometimes those agents do not have the experience in life to understand what they are selling . Are they independent or do they work for a company as a captive agent ? Sometimes captive agents are being pressured by their sale managers to make a sale regardless of the clients needs especially when they are new . Are they local ? Is there home phone listed on their business card ? Some agents are sent in by a company from out of town . They may have an office phone number listed but no cell or home making it impossible to reach them if you need them of hours . I believe in being accessible to my clients . How pushy are they to make the sale THAT day ? While buying insurance is important , if you are not comfortable with the agent do n't let them pressure you . If they are truly caring then they will allow you time to make a decision and will be ready to answer any concerns about why you ca n't make a decision . Just be honest though . If you have a concern , tell the agent . Do n't just give him a put off . Do they ask questions to help determine what your needs are or are they just peddling policies ? A policy peddler is easy to spot . Not that these answers necessarily disqualifies them about how much they care , it is just some factors to weigh when evaluating your agent . . In my practice we try to help a person determine their needs and what they are trying to do . I look at affordability , family situation , debts , and other factors . I try to help solve problems . I go over the solutions and let the client make the decision , I do not try to twist arms to make a sale . When I make a new client I keep in touch and let them know I care and that if they need me I am there to help them . My clients can always reach me with questions . An agent who is trying to make a commission and does not care about his clients can be easily be recognized by his actions and demeanor and his willingness to work with you .


Input: Do Life Insurance Agents Really Care Or Do They Just Want To Make A Sale?

Output: It generally pretty easy to see who actually cares about your best interest when dealing with an agent . A good agent will sit down with you , get to know you a little about what the insurance is going to cover and about you personally , ask you a series of questions about your needs , and come up with several different ideas to suite you based on your needs and your personal financial situation . They 'll take the time to explain the basics of each policy and what the pros and cons are of each one . Most importantly , they 'll listen to you and understand your situation . It should never be a pressed situation because buying life insurance is probably the most important thing you 'll ever do for your family in terms of protecting them .


Input: Do Life Insurance Agents Really Care Or Do They Just Want To Make A Sale?

Output: There are agents that are only focused on their own needs -LRB- to make the sale -RRB- but usually they do n't last long in the business . They get weeded out . In the insurance business , customers are n't stuck with their decisions . It 's not like you bought a car or a swimming pool . Usually you have a monthly payment . You always have the first 30-days that you can cancel and get a full refund . After that you can still cancel and walk away . No one is stuck with something they ca n't get out of . So bad high pressure insurance agents usually do n't last long . They make sales but their sales fall off the books and their commissions become charge-backs . They starve out . The first thing you should do is not work with an agent that is less than 3-years in the business . That will eliminate 90 % of the bad ones right there . Most experienced agents make plenty of money . We do n't have to do the wrong thing because doing the right thing is very profitable for us .


Input: Do Life Insurance Agents Really Care Or Do They Just Want To Make A Sale?

Output: Just like people in any occupation , some look at the work as noble and others look at it as means to an end . The life insurance agents that care are frequently those who have had to deliver death claims . It is a sobering experience to be the only one to show up at the house with a ray of hope . I have seen gratitude like I have not experienced elsewhere . I try to tell them , this is what your spouse meant when he said that he loved you .


Input: Do Life Insurance Agents Really Care Or Do They Just Want To Make A Sale?

Output: Agents that ask questions and listen to your response are usually more interested in helping you regardless of any commission they may -LRB- or may not -RRB- earn from a sale . With over 38 years in this industry I ask myself , what would I want to know if I were making a decision about insurance . The bottom line is always , this is your plan and your money . Let me provide you the information so you can make the right decision in your time frame .


Input: Does Allstate Offer Health Insurance?

Output: Allstate is a property and casualty insurance company . They do not offer traditional health insurance plans like Anthem , United Healthcare , CareFirst , etc. . Auto insurance policies may pay medical expenses associated with car accidents - if the medical expenses are incurred under other means , then you would be responsible for the expenses out of pocket -LRB- assuming you do n't have a health insurance plan -RRB- .


Input: Does Allstate Offer Health Insurance?

Output: No , Allstate does Life , Auto Home and Annuities . Especially now with the Affordable Protection Act you are going to see many changes in the Health Insurance industry . You will see fewer companies offer health insurance . If you are looking for health insurance keep in mind that things will be changing Jan 1st 2014 .


Input: How To Decide On Medigap Insurance?

Output: Medigap plans are fairly straighforward as they have standardized benefits -LRB- e.g. meaning a medigap plan F from company ABC is the same exact plan F from company XYZ -RRB- . You can see the chart illustration of benefits in the Medigap guidebook on page 11 -LRB- free copies are available on the Medicare.gov website - I can e-mail a copy to you upon request as well -RRB- . Some of the big advantages of Medigap plans are that there are no networks -LRB- you can go to any doctor or hospital that accepts Medicare -RRB- and the policy is guaranteed renewable.Most people buying a Medigap plan will purchase a plan F or plan G as they create the most predictable healthcare expense structures . Plan F offers the most comprehensive coverage - it covers all Medigap benefits at 100 % from day 1 . The advantage of this plan is that it creates a very predictable healthcare expense structure -LRB- for the most part , you 're writing a check for your premium and you 're done - you wo n't get hit with big bills for any Medicare-approved charge -RRB- . Plan G is the second most comprehensive plan available - it 's identical to plan F except you would be responsible for the Medicare Part B deductible -LRB- $ 147 in 2014 -RRB- . The advantage of a plan G is that in many areas the savings in premium per year are greater than the cost of the deductible . For example , if the difference in premium is $ 30 per month - you 're saving $ 360 per year by taking on a risk of $ 147 . The big factor to look at when comparing companies is the price of the plan you select . Remember - a plan F from one company is the same exact plan F from another -LRB- in short , why pay extra for the same coverage -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much .


Input: How To Decide On Medigap Insurance?

Output: The best way to decide on a Medigap Insurance Plan is to work with an independent agent that specializes in Medigap Insurance . That agent will be able to show you all the Medigap Plans available and help you match the plan that best meets your needs . It will save you hours or weeks of research that the agent can provide you in a few minute phone conversation . Plans and rates change all the time so having a expert to turn to will help you now but also for years to come . A few things to start to think about : 1 . Do you want flexibility in the doctors and hospitals you can use ? 2 . Do you want benefits that ca n't change from year to year ? 3 . Do you want deductibles , co-insurance and co-pays ? All Medigap Plans will have a letter like Plan F , Plan J , Plan G , etc. . If it does n't have a letter it is not Medigap Insurance . For more information you can visit our website . I would also be happy to answer any other questions you have .


Input: What Happens To Old Life Insurance Policies?

Output: Old life insurance policies with paid up premium live until their insured or owner dies , then they pay out a death benefit to the beneficiary . If an old policy if allowed to lapse for non payment , one of two things happen . A term policy is lapsed and cancelled immediatelybecause as term suggests it was `` rented '' until payment is complete . On a cash value plan such as whole life oruniversal life , the cash value pays the premiums until they are exhausted and it too will lapse and cancel .


Input: What Happens To Old Life Insurance Policies?

Output: That is an excellent question ! One of two things will happen . If the policy was paid up long ago , and has remained in effect , then it acts like any other policy , and when the insured passes , it pays out . Unfortunately , what happens most often is that Parents had a policy on the child , the parent that paid the bills passes , the policy does n't get paid , goes into grace period , and then lapses , and cancels . All those years of payments go up in smoke . Please ensure that your loved ones have a copy , or access to , your finances , sand their payment schedules , so that this does n't happen to you . I have had to have the conversation about unpaid policies far too often , and each time it breaks my heart to see the child realize there is no insurance . Thanks for asking !


Input: How To Name Trust As Beneficiary Of Life Insurance?

Output: The most common trusts you see when looking at it in relation to life insurance is a revocable or irrevocable life insurance trust . When using a trust with life insurance , the trust will be the owner and beneficiary of the policy - whoever the trust is on will be the insured . When completing the application , you 're entering in the trust 's information -LRB- name of trust , date it was created , etc. -RRB- in the owner and beneficiary sections - some applications may have a separate trust information page to include as well . The carrier will also ask for a copy of the first several pages of the trust -LRB- needed for verification purposes -RRB- . The trustee of the trust will be the person signing the paperwork where it asks for signature of owner .


Input: How To Name Trust As Beneficiary Of Life Insurance?

Output: A trust is a legal entity , just like a person . A trust can purchase life insurance -LRB- or other forms of insurance . -RRB- The trust must have an insurable interest in the person upon whom the life insurance is being purchased . That means that they can not select someone at random , buy a policy and gamble on their longevity . The trust can also designate the beneficiary .


Input: Is Variable Universal Life Insurance A Good Investment?

Output: Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is variable universal life a good investment ? Well , remember before you talk about anything that 's a market driven product you always have to do a risk tolerance test . A risk tolerance test is part of a financial profile . You need to create one to find out : are you a conservative investor , are you a moderate investor , are you an aggressive investor ? You have to import in your mindset : what 's your timeline of investment ? How long are you going to hold it ? This is a long haul product , variable universal life . It has expense load that you need to be aware of . You 're paying for extra mortality costs and the actual underlying funds have charges to it . If you feel like that is a huge issue for you , especially if you 're in a high tax bracket , it could be something that you may want to look at , but remember it has market exposure and you need to do a risk tolerance test before you look at this product . Well , that 's our consumer question for today . If you have any question just submit them to www.insurancelibrary.com .


Input: What Is A Good Amount Of Renters Insurance?

Output: A good amount of coverage for renters insurance is going to vary from individual to individual . Most carriers renters insurance policy 's start at 15000 . Your coverage amount should be high enough to pay for the replacement of your personal items . I would suggest using 10000 per direct family member as a bare minimum for base coverage amount . Contact a local agent and they can help you determine the amount of coverage that will work for you and your budget .


Input: What Is A Good Amount Of Renters Insurance?

Output: A good amount of renters insurance is the amount you are satisfied with having ! An appropriate amount is that which covers the personal belongings you own . In addition scheduled articles floaters may be appropriate for items that are limited in coverage , such as jewelry , furs , silverware , guns . Included personal liability coverage will be in an amount to protect your present and future assets . A good amount of coverage will cover what you are NOT prepared to pay for yourself out of pocket in the event of a claim . And your insurance professional can help you put together a plan to just that .


Input: What Is Credit Disability Insurance Policy?

Output: A credit disability insurance policy will pay off a specific loan if you were to become disabled . Unlike regular disability insurance , which would pay you the cash and let you figure out what bills to spend it on ifrst , the credit disability insurance policy will pay the lender directly .


Input: How Can I Get Health Insurance Online In Idaho?

Output: You can get health insurance online in Idaho . In fact , there are many affordable medical plans for individuals and families offered by the biggest carriers . Experienced brokers like myself -LRB- and there are others -RRB- utilize reputable websites that can provide free online quotes , company comparisons , and direct applications so you can get covered quickly . Subsidized healthcare for Idaho residents will be available due to new legislation . Depending on your income , you may qualify for large federal subsidies that can pay a large portion of your premium . Other changes include 100 % preventive benefits and the inclusion of coverage for pre-existing conditions . When comparing online , you 'll be able to easily review the most affordable plans -LRB- you choose whether to work with a broker or not -RRB- and understand which policies best match your personal financial situation .


Input: Why Are Annuities Tax Deferred?

Output: That is a great question ! There are a couple of reasons why the taxes are deferred on your annuity . The first is that by putting the taxes off until you take the payments , you have an incentive to save for your retirement . That helps everybody , as there is theoretically less need for public assistance programs , and so less need for Government funding of them . So the laws were written to give you that incentive . The second reason is that you have n't accessed the money , and therefore should n't have to pay tax on what you have n't gotten paid from . Like a capital gain tax , you do n't pay it , until you 've realized and capitalized on , the gain . I hope that helps , thanks for asking !


Input: Why Are Annuities Tax Deferred?

Output: Remember that America had annuities before it had income or investment taxation . Over the years as the internal revenue code evolved the service seems to ignore the tax advantages in lieu of the societal benefit of people saving and protecting themselves . Keep in mind there has been an uneasy alliance between the government and the insurance industry . After all the insurance industry buys government bonds for their portfolio that helps float the US debt . Recently , the cash deferred build up inside annuities and life insurance has been under scrutiny as the government seeks sources of revenue to offset the US debt .


Input: Why Are Annuities Tax Deferred?

Output: The Internal Revenue Code reflects the will of Congress . The underlying laws consider saving for retirement to be a worthwhile endeavor . The deferral granted to an annuity means that the taxes will be paid when the money is withdrawn . However , the effect of the deferral accelerates the growth of the annuity . There are ways to not only defer taxes but also not have to pay them when you withdraw them .


Input: How Will Baby Boomers Affect Medicare?

Output: Baby boomers are already putting a considerable strain on Medicare and will continue to impact the system for another 20 years or longer . Boomers are massive in number and are living longer than previous generations . As a group they are not as healthy as previous generations . These factors mean more demand on services and lower revenues as boomers retire .


Input: Will I Have To Buy Health Insurance Under Obamacare?

Output: The short answer is no . The longer answer is Yes if you do n't want to potentially incur a penalty . A penalty could be as low as $ 90 in 2014 or 1 % of your income and gets worse in later years . As a broker , theclients I meet withthat have insurance or more likely to keep up with there routine care and visits than those that do n't have health insurance . Let 's get you covered so youcan have the potential to live longerwith goodhealthcare .


Input: Will I Have To Buy Health Insurance Under Obamacare?

Output: Will you have to buy health insurance under Obamacare ? Yes , you are expected to . If you choose not to , you will pay a nominal fine each year . So what you have to weigh is the cost of a small fine each year vs the much higher costs of the premium . So you can go without if you choose and just pay the penalty to the government and then upon illness , sign up for coverage as their will be no pre-ex to worry about . I expect a lot of people to use health insurance under Obamacare much like a trolley , hop on when you want , hop off when you want .


Input: Will I Have To Buy Health Insurance Under Obamacare?

Output: The purpose of obamacare or health Care Reform is so that every American has health insurance . There is no penalty in 2013 for not having a health plan but in 2014 , if you do n't have health insurance , the penalty starts at $ 95 and subsequently get worse for the following years . If you have a health plan from your employer you are good to go . If not , you will be able to purchase health insurance plans on you state 's health insurance exchange .


Input: Which Annuities Are The Best?

Output: The best annuity is one that is recommended by a qualified retirement income specialist . These are often insurance agents . Annuities are offered by banks , stock brokerages and other financial institutions , but the key issue is , how much experience do they have with annuities and do they know you well enough to recommend an appropriate annuity for your situation . It is the advisor that is the key .


Input: Which Annuities Are The Best?

Output: Tax deferred annuities have differing crediting methods to fit the savings and/or investment profile of the potential purchaser : interest rate crediting , indice crediting and separate sub account crediting -LRB- or debiting . -RRB- Product suitability can be determined by performing a financial profile that includes a risk assessment and establishes a timeline to achieve your money goals .


Input: Does Regular Health Insurance Cover Dental Care?

Output: All of the new health care plans are required to have some type child dental coverage available . This would cover anyone 19 years or younger on the plan . The affordable care act plans took effect January 2014 , so if you bought a plan during open enrollment from October of 2013 through April of 2014 your plan more than likely has child dental , unless it is a Short Term Major medical or an Indemnity plan . However , every state is different and each company who writes business in a certain state may have coverage for someone over the age of 19 . The best thing to do is to call the company and ask for a Summary of Benefits and Coverage and read the details of the plan .


Input: Could My Celiac Disease Affect Life Insurance?

Output: I contacted an underwriter for a large , popular life insurance company to get the answer to this question . If all other health is excellent , the celiac disease is not causing symptom and is stable with adherence to diet , it is possible to get the best rating in life insurance while having celiac disease .


Input: How To Get Health Insurance Right Away?

Output: A short-term health insurance policy can often be approved instantaneously , or within 24 hours . Most major carriers offer this type of policy and typically rates are very inexpensive . It is not considered an ACA-compliant plan so pre-existing conditions are not covered . However , it is a great temporary option to get you to the next Open Enrollment .


Input: Can You Sue Your Own Car Insurance Company?

Output: This is a tricky question , but the answer is typically yes . but before you get that far your policy likely contains requirements that before your suit can go forward , you must agree to an arbitration first . All policies are not created equally , but I am both an agent and a purchaser of my own personal insurance and have had my own issues with a couple of carriers . My suggestion to you is that before you hire a lawyer to file a civil action you avail yourself of services that do n't cost you anything . If you have not been treated well an Insurance Department may offer a better way of approaching the issue than an attorney . Typically an attorney for a plaintiff will charge as much as 30 to 40 % of a settlement and they will be unlikely to pursue the small stuff . Insurance departments in the 50 state have jurisdiction over the company 's actions and filing . It often will get a much quicker response from an insurer too .


Input: How To Get Free Auto Insurance Quotes?

Output: You can get free auto insurance quotes a number of different ways . Perhaps the easiest method , and the ones that provides the best prices , is to contact an experienced broker and/or their website . As an experienced broker -LRB- 33 years -RRB- , we do the shopping for our customers so they are able to compare the lowest rates from top-rated companies . Our website makes it easy for consumers to provide a zip code , view the best options and get quotes securely and safely online . Of course , you never pay fees when requesting or viewing free quotes and there are never any obligations . If you ever visit a website and are asked to pay a fee or provide a credit card number , leave immediately . Car insurance prices are based on many factors , including age , the type of vehicle you drive , your zip code , and available discounts . As an experienced broker , we help you find the most affordable options so you can maximize your coverage and pay the least !


Input: How Does Life Insurance Affect Medicaid?

Output: There are two factors determining whether life insurance affects your ability to qualify for Medicaid : your states status on expansion , and whether your life insurance has cash value . The Affordable Care Act encourages states to expand Medicaid eligibility . The states expanding may no longer have asset based eligibility criteria . If you live in one of these states your life insurance does not matter . The states choosing not to expand may have asset and income criteria . The asset criteria is $ 2,000 and a cash value life insurance policy may impact eligibility . Term life insurance does not have cash value and would not be considered an asset . Permanent policies such as universal life and whole life do have cash value and would be considered an asset .


Input: How Does Life Insurance Affect Medicaid?

Output: Be sure to look at your state regulations however Life Insurance in general should not affect Medicaid , especially if it is just a term type or non-cash value building policy . The issue with Medicaid of course is how much money do you have and income you have . If you can draw income from your Life Insurance then , it may affect your qualification .


Input: How Does Life Insurance Affect Medicaid?

Output: That is a great question ! A lot of the answer depends upon where you live , and what kind of policy , and its amount that you have . The Affordable Care Act -LRB- Obamacare -RRB- made some of the rules change in the States that opted to include Medicaid expansion . If you are fortunate enough to live in one of those States , you caught a break . If you do n't , then Medicaid will consider the cash value in your policy , over a certain amount , and take it . That said , if you have not filed for Medicare/Medicaid yet , there are ways that you can protect yourself.Most willrequire some lead time , -LRB- 60 months -RRB- but there are ways to do it more quickly if needed . Please contact me , and we can discuss your situation privately . Thanks for asking !


Input: Can An IRA Own Life Insurance?

Output: That is an excellent question ! The answer is no , because the IRS prohibits it . However , there are retirement plans that do allow the plan to include life insurance . They are very closely watched by the IRS , and the premiums paid into the account must be a smaller percentage than what your employer contributes . The death benefit must also be small enough to be considered `` incidental '' to the value of the entire portfolio.The ways the premiums are invested are mandated , and it has to be an employer run plan . There are also tax differences from your normal , unqualified life policy . Thanks for asking !


Input: Can An IRA Own Life Insurance?

Output: No . IRAs can not be the owner of a life insurance policy - this includes term , universal , and whole life policies . A life insurance policy is typically owned by a person , a life insurance trust , or a business -LRB- group coverage -RRB- . Please feel free to contact me if you have any other questions . Thanks very much .


Input: Is Congress Exempt From Obamacare?

Output: Congress is n't exempt from PPACA regulations . Congress and their staff have work based insurance , so thus should be able to stay on their current plan . However an amendment to bill before it became law said they must use health insurance marketplace . They will use the marketplace , but since their staffers , making as little as $ 30,000 ca n't get subsidies through the marketplace -LRB- they have access to employer based coverage -RRB- their employer -LRB- the Government -RRB- is allowed to cover part of the cost of their premiums . Since all members of Congress have been well aware of this since 2010 , any other claim is a willful misrepresentation of the truth .


Input: Can I Cancel Individual Health Insurance At Any Time?

Output: Technically you can if you just stop paying your premiums or call the carrier to terminate your policy . However , you can be stuck without coverage and may have to wait until the next open enrollment period to get new coverage if you terminate your existing health plan outside the annual open enrollment period . Voluntarily terminating your own plan does n't give you a special enrollment period to apply for another one . Also , you may be subject to the tax penalty if you go an extended amount of time without any creditable health coverage that meets the ACA minimum requirements . You should talk with your insurance agent before terminating any coverage and discuss your concerns over why and whether you should cancel it . You just want to be sure you 're not putting yourself in a difficult position that may heavily work against you in the future . I hope the information is helpful - please feel free to contact me for help with your program and if you have any other questions . Thanks very much .


Input: Does Renters Insurance Cover Accidental DamageTo A TV?

Output: Your TV would only be covered for named perils in your policy . Things like Fire , Lightning , Wind , Theft and other natural perils . As a rule accidental damage would not be covered . Keep in mind too that your renters insurance has a deductible , so if your deductible is close to the cost of replacing the TV then it may not be to your advantage to turn in a claim anyway .


Input: Does Renters Insurance Cover Auto Vandalism?

Output: I think Jeff gave you a great answer yet I want to add one other consideration . While your homeowners policy will not respond to the vandalism , Jeff is correct that you may have personal belongings covered under your homeowners policy . In addition to the personal property you may have business property coverage under your homeowners . It will typically not be a lot and you may not have had a loss that includes business property , but we do see more people working at home and on the road , so that business property is not unusual . Read your policy and see your agent for more complete review .


Input: Does Renters Insurance Cover Auto Vandalism?

Output: Renters insurance would not cover the vandalism to your car , but could cover vandalism to the personal belongings inside the car , if they in fact were vandalized . You would need auto physical damage coverage in place to cover the vandalism . In lieu of liability coverage on your car , you need `` other than collision '' coverage or `` comprehensive '' coverage which are synonymous with each other . Good luck with your claim And please do n't hesitate to contact me with any additional questions that may help you out . Best , Josh DeBoer 918-582-8206 jdeboer@fdands.com


Input: Does Renters Insurance Cover Auto Vandalism?

Output: Renters Insurance does not cover any damages to your vehicle . That is what auto insurance is for . Your auto in this case would be covered under comprehensive coverage known as other then collision coverage . Your personal belongs would be covered under your renters policy minus your deductible . If your personal items were damage or stolen renters most likely would pick up the cost to repair or replace . Personal belongs are the items that are not part of your vehicle .


Input: Is Homeowners Insurance Required By Law?

Output: Unlike auto insurance Homeowners insurance is not required by any law . However , that does n't mean that you 're not required to carry it . I know that sounds contradictory , but there 's a significant distinction . Even though you 're not required by law to carry it , you may be required by contract , namely a mortgage , to carry at least a minimum of coverage . When you purchase a home with a mortgage , the mortgage company will require you to carry coverage that will repair or rebuild your home to certain standards . The mortgage company is simply protecting the asset you 're using as collateral for the loan . If you own your home outright , you not required to insure it at all . Why someone would n't protect their biggest asset is a mystery to me , but it could happen . Be smart . find an agent you can trust . He/she will be able to help you get the coverage you need at a price you can afford .


Input: What Is Basic Life And Ad D Insurance?

Output: Basic life insurance pays a beneficiary if death of the insured person occurs by any reason -LRB- except suicide in the first two years -RRB- . AD&D stands for Accidental Death and Dismemberment insurance . It pays the beneficiary if death occurs by accident , or it pays the insured person if they lose a limb . Basic Life with AD&D is most likely a policy that combines both those types of insurance .


Input: What Is Basic Life And Ad D Insurance?

Output: Basic Life is a policy that does not offer a huge face amount . It is moreso intended to give the insured money to cover final expenses and maybe have a few thousands left over for miscellaneous expenses . There are other policies available if you are looking for face amounts over one hundred thousand dollars . AD&D is accidental death and dismemberment which will pay additional proceeds if the insured suffers an accident that results in either death or dismemberment .


Input: What Will Renters Insurance Not Cover?

Output: Like other personal property insurance policies , renters insurance will cover a a rather broad range of possible perils . You will find , however , that in many if not all cases in your state , there are two causes of loss that will be excluded from coverage . The first is damage caused by earth movement , any earth movement . This can include but not be limited to such things as erosion , sink holes and earth quakes . Talk to your insurance professional , however , about having this coverage endorsed onto your policy if you are concerned . The second is damage by Flood . There is no endorsement for this . Flood coverage is only available by purchasing a Flood Insurance policy .


Input: What Will Renters Insurance Not Cover?

Output: You really need to turn this one around and focus on what renters insurance does cover . Then , you can analyze your needs and interests in relation to what is covered and what is not and make your decisions accordingly . If you feel that you have a need for protection for something that does not appear to be covered in the policy , you might be able to add it through an endorsement , for an additional sum of money . An independent local agent can help you with this type of assessment . I think you will find that renters insurance coverage is fairly broad for many typical loss types in relation to renting , including often overlooked but very important liability coverage .


Input: Is There A Grace Period For Renters Insurance?

Output: Generally yes , 20-30 days , but not always ! Check with your insurance professional . And understand that a grace period is not free insurance . If you have a claim after the expiration of your policy , your premium must be received by the insurance company within that grace period for coverage to be provided . For example , if you have a claim 2 days after the expiration of your policy , there is no coverage until the premium is received by the company prior to the end of the grace period .


Input: Should young people consider life insurance?

Output: It depends , it is always more cost efficient to purchase life insurance at an early age because youth and good health usually determine the most affordable premium . However , there must be a need for life insurance . If someone you love and care about is dependent upon your income to live or if you were to leave a debt upon your death , you need life insurance . That debt could be anything from a mortgage to funeral expenses , no one wants to leave an undo burden on their loved ones on top of grieving your death . Use an experienced independent life insurance broker to determine what you need and then they will shop the market for the best rates . Good luck !


Input: Should young people consider life insurance?

Output: A well rounded financial portfolio is needed to get ahead . When you are young , you can afford to take more risk , which has the potential for greater return . However , if a young person has dependents and suffers an early death , their dependents would need to have access to large amounts of money . Investing in stocks is one good way to potentially make a large return on one 's money ; however it also carries the risk of losing the investment . Life insurance is a low cost way to provide large amounts of money to survivors . A combination of these is one way to hopefully save up some money while also protecting dependents or paying off debts . You can even combine both these strategies in one policy , called Variable or Indexed Universal Life . There are many good companies that offer policies like that , and each has their own pluses and minuses .


Input: Should young people consider life insurance?

Output: Certainly , one should purchase Life INsurance when there is a need for such protection . The obvious need is when someone is dependent upon you financially . However , someone may also be responsible for you financially should you die prematurely , say for eample your parents who may have cosigned for an auto loan . There is reason to consider life insurance both for financial depenency and financial responsibility . Even if either situation exists , however , consider that purchasing Life Insurance at a younger age is way less expensive , and if it is a form of permanent insurance , will give you many more years to accumulate the benefits of cash accumulation that is , in most cases , not taxable so long as the proceeds remain in the policy . The other reason to consider Life INsurance while young is that one you have the coverage , your `` insurability '' is protected meaning that even if you happen to develope a serious illness or condition when you are older that may otherwise hinder you from buyibng life insurance , that which you have can not be taken away from you .


Input: Should young people consider life insurance?

Output: Absolutely yes , no question about it . When you are young you are likely to be much healthier , which translates into lower rates . Also when you are young the premiums are automatically much lower . What this means is that for the rest of your life , your premiums will be locked into that much lower rate , provided you pay the premium and get a permanent policy -LRB- or even a term for that matter -RRB- . With a policy like an Equity Indexed Universal Life , you can start off early , and build equity through your entire life . That means later you will have money in your policy you can take out and use for a home , or later for retirement . EIUL policies from National Life Group , through Premier Financial Alliance , are even guaranteed never to go down and are locked in every single year , to only go up with the market but never down . It truly is an investment in your future , besides being a protection for your future family . These policies can even protect you , at absolutely no extra cost , from things like disability , chronic , or terminal care . It truly is a new way to protect yourself ! GARY LANE .


Input: Should young people consider life insurance?

Output: That is a great question ! There are really two schools of thought about life insurance . One school believes that the money that someone would pay for a policy should be saved and invested , and those funds used to ensure the well being of the loved ones left behind . The second school of thought is buy young , and be prepared . I can see wisdom in both views . There can be much higher rates of return on the investments made with what would have been the premium money if invested wisely.But ... I am a pretty staunch realist , and the sad reality is that most Americans ca n't / do n't save , and even fewer know how to invest what they do . As a result , nearly 3/4 's of Americans live paycheck to paycheck , and are one disaster away from bankruptcy . -LRB- Want some scary data for your paper ? Go look at the 2012 Census data ... -RRB- Life insurance provides a `` forced savings '' method of providing for the need for protection . As long as the payments are made , your family is protected . And in my opinion , life insurance provides three serious benefits that the first view ca n't match : There is no guarantee on how long we live , and there is a real chance that disaster could strike before the amount needed to protect your loved ones could be accumulated . With a policy , if it 's in force one day , and you were -LRB- God forbid -RRB- to pass away in an accident on the second , the policy would pay out in full . What investment pays off that well ? Secondly , that benefit paid is tax free , and generally probate free . Many estate battles take years , and on average eat away about 40 % of the value of the estate that would have been left . The third , and in this economy that favors the wealthy and stresses the majority of Americans , a whole life policy provides a source of money in an emergency . As the policy increases in age , it also increases in its cash value . That value becomes available for the policy owner to withdraw if a need arises , with virtually no questions asked . With interest rates and credit ratings what they are for the majority , having a strings free cash source can be a life saver . I hope that gives you some food for thought for your essay . I almost forgot to mention that the younger you are when you purchase your policy , typically the cheaper it is . Most companies lock that price in for you , so it is set for your whole lifetime . As a result , a policy purchased in one 's 20 's typically will be cheaper , and much easier to get than a policy purchased when one is in their 50 's or 60 's . If you 'd like more help , please feel free to contact me . This is a lazy week for most of us , and I 'll have some free time :-RRB- Thanks for asking , and good luck on your paper !


Input: Should young people consider life insurance?

Output: I bought my first life insurance policy when I was eighteen . I have never been without life insurance . I felt then and now that there were people who will suffer loss if I die . Being able to pay for the policy is part of qualifying for a life insurance policy ; you must also provide evidence of good health . The younger you are the more likely you are to qualify for standard or preferred rates .


Input: Does Auto Insurance Cover Items Stolen From Car?

Output: Personal items inside a car are not covered by an auto insurance policy . Coverage for these personal items comes from a homeowners policy . Usually ten percent of the personal property limit is the amount that can be recovered if property is away from the residence . The loss of personal property is subject to the deductible on the homeowners policy .


Input: Does Auto Insurance Cover Items Stolen From Car?

Output: No , if your car is broken into and personal items stolen from it , there is no coverage for those items . Your car policy , so long as you have Comprehensive Physical Damage coverage , will take care of the damage caused to your car in the act of this crime . You will need to file a police report of course . Next turn to your Homeowners ' , Condo Unit Owners ' or Renters ' Insurance policy for coverage for your stolen belongings .


Input: Does Auto Insurance Cover Items Stolen From Car?

Output: Items stolen from a car are typically not covered . However , there are exceptions . If you purchased an available rider , you may have limited coverage on some items . Also , certain items considered `` permanent '' parts of the vehicle would be covered . An experienced broker will find the policy that best covers this risk . Live answer provided by : Ed Harris - Car insurance broker for 33 years and owner of several top-rated websites for consumers .


Input: Who Can Buy Medicare?

Output: That is a great question ! The vast majority of people get Medicare when they are turning 65 . The program will allow people under the age of 65 to enroll under certain conditions , like kidney failure , or if you have been on disability for a designated amount of time . The program is designed to help Senior Citizens afford health care , so unless you meet the exceptions , you will need to be 65 or older to enroll . Thanks for asking !


Input: What Is Medicare Roster Billing?

Output: Medicare roster billing was developed so that Medicare recipients could receive flu and pneumonia vaccinations in mass programs of 5 or more people at a time . The Pneumococcal Pneumonia Vaccines -LRB- PPV -RRB- and Influenza Virus Vaccines can be submitted together under roster billing , thus lessening the administrative burden of `` mass iimmunizers '' .


Input: Why Get A Health Insurance?

Output: In 2014 health care is mandatory and is the law of the land for all Americans . The PPACA or Obamacare starts the enrollment process October 1 , 2013 . If you qualify , by means testing , to be have the where with all to purchase health care from an insurance company or through an exchange , you must buy coverage or pay a penalty . If youre below the means test , you may receive coverage at no cost .


Input: What Is A Permanent Life Insurance Policy?

Output: There are five types of permanent life insurance policies : Participating whole life , guaranteed universal life , current assumption universal life , indexed universal life and variable universal life . Participating whole life and guaranteed universal life are used for indemnification planning . Participating whole life , with a max term rider and paid up additions rider can be used for income as can current assumption universal life , indexed universal life and variable universal life . The income design must conform to TAMRA and minimize the death benefit amount to optimize the crediting methodology .


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

Output: The pledge or assignment of all or some a life insurance policy might be made as collateral security . The policyowner has the right to do this . There are many scenarios and planning techniques in which assignments are made . To the extent that some amount of the death benefit was assigned to a third party , that party would receive that amount as a death benefit if death occurs during the existence of the agreement . Normally the assignment would be revocable meaning the policyowner can cancel the agreement at some point . But some estate planning methods involve irrevocable assignments . Policy assignments are also part of the process when a policyowner exchanges one life insurance policy with another . In order to ensure there is no gap in coverage during the process , an absolute assignment of the existing policy to the insurer that will issue the new policy is made . Completion of an exchange agreement with the insurer that will issue the new policy follows and then the new policy is issued before the old policy is surrendered .


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

Output: Generally , assigning life insurance means the policy is a either collateral assignment or cash value restrictive endorsement . Some policy owners use the cash values and/or death benefit as collateral for banks or institutional recourse assets . Cash value restrictive endorsement is usually a temporary control of the policy as a pledge like vesting in a executive bonus plan .


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

Output: When a life insurance policy is assigned , it means that all the rights of owning the policy are transferred to someone else . An absolute assignment will usually involve the entire policy , and be permanent . A collateral assignment is usually connected to a loan , and the rights to the policy are ended when the loan is paid off . Also , the beneficiary of the policy with collateral assignment gets the excess beyond what must go to pay off the remainder of the loan .


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

Output: Life insurance policies are often assigned for loan protection or to fund funerals , among other things . Collateral assignment still gives you some control in your policy , but allows a lender to repay your loan from your life insurance proceeds if you should pass away before the loan is paid off . Whatever does not go to your loan repayment , goes to the beneficiary of your choice . For funerals , the assignment may also collateral assignment , but if prepaying a funeral for Medicaid spend down , it must be irrevocable .


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

Output: When a policy is assigned it means that someone has first rights over the proceeds . In the event of death their right would be exercised and only the balance of the proceeds would be paid to the beneficiary . This is most commonly seen when life insurance is used to secure a loan .


Input: How Much Does It Cost For Health Insurance?

Output: Cost will vary , depending on many factors , including your age , zip code , sex and health conditions . Also , the type of plan you purchase will impact the cost . Short-term plans can cost as little as $ 35 per month for a single person and $ 85 per family . Other forms of coverage will be more expensive . When the State Exchanges/Marketplaces open up in October for 2014 enrollment , you may be eligigible for a federal tax subsidy to reduce premiums . For a free quote , a reputable experienced broker and/or their trusted website will provide specifics with no cost or obligation . You can also apply directly without paying any fees .


Input: What Does Renters Insurance Do For You?

Output: Renters policies are essentially the same type of policy as a regular homeowners adjusted to deal with property and liability exposures for a person who rents as opposed to some one who owns a property . So , the biggest property exposure for a renter is typically the '' contents '' that belong to you . A key issue to be aware of is that losses can be settled on both an actual cash value basis , or replacement cost basis . Replacement cost will be more expensive , but the actual cash value of things is depreciating every day you own it . For example look at the computer you are using . Compare it to ones in use 20 years ago . If you have one of the dinosaurs do n't expect to get much for its actual cash value since is essentially depreciated to zero . The other major group of coverages is called Section II of most renters policies and this offers you protection from claims or law suits alleging that you caused others some bodily injury or property damage to others . An easy example to understand is dog bites which are often the second leading cause of homeowner losses for a carrier . If your dog bites somebody it is not going to matter to an individual or the courts whether you own or rent your residence . Essentially you look to your renters policy for not only the coverage but also very importantly the defense costs associated with defending you from such allegations .


Input: How To Be Good At Selling Life Insurance?

Output: Asking how you need to be good at selling Life Insurance is liable to get you a different answer from everyone you ask who has been in the business for any length of time . First , you have to understand that you do not Sell Life Insurance but rather Market Life Insurance . Second , you have to be able to understand how relationships work . Be involved in peoples lives at some level . Let people know what you do and how you can help them . Stay in front of the groups you want to market to . Product is secondary here . Without someone to work with , product does not matter . Learn your market and identify the products which will solve the need .


Input: Do Uber Drivers Need Special Car Insurance?

Output: Uber is an interesting new concept and with it there are new questions . Without reading your policy I can only give you a general answer but the personal auto policies I have read and studied have an exclusion related to the use of the auto to carry passengers for a fee without an endorsement modifying the limitation . I snagged this particular exclusion language for you from the ISO Personal Auto Policy -LRB- a common base for auto insurers to use in creating coverage -RRB- : For that `` insured 's '' liability arising out of ownership or operation of a vehicle while it is being used as a public or livery conveyance . Source : ISO Personal Auto Policy PP 00 01 01 05 . There might be newer versions but this has been a longstanding limitation in the personal auto policy .


Input: Do Uber Drivers Need Special Car Insurance?

Output: It is important to have coverage on your vehicle when not driving people using the Uber app . Farmers Insurance recently added an endorsement to their personal auto policies to provide coverage if you are a Uber/Lyft driver . It is important to know what your exclusions are on your policy , just in case your insurance carrier wo n't allow any type of rideshare program .


Input: Do Uber Drivers Need Special Car Insurance?

Output: Uber drivers must be fully insured when operating a vehicle in all states . When you are working for Uber , their auto insurance policy will provide coverage . However , when their app is not in use , your own personal policy is utilized . Regardless of which state you reside , you must meet all of the minimum liability and financial responsibility requirements . Both fault and no-fault states are included . For example , in Ohio , the Buckeye State 's minimum liability requirement is $ 25,000 per person , $ 50,000 per accident , and an additional $ 25,000 of property damage . Typically , financed and leased vehicles must carry collision and comprehensive benefits . Important : Answer was provided by Edward Harris , one of the nation 's leading car insurance brokers with more than 35 years of expert and unbiased experience . His top-rated website , Carinsurancezoom.org provides consumers with free online quotes and the lowest auto insurance rates from top-rated companies .


Input: Do Uber Drivers Need Special Car Insurance?

Output: Some carriers are doing exactly what Ty said ... they have a box that can be checked and you have the `` extra coverage '' needed for a ride share gig . WITHOUT the endorsement , your `` normal car insurance '' is very , very , very unlikely to cover any claim while your vehicle is being used for `` business use '' . That applies to anyone like a real estate agent , insurance agent , or anyone else that wraps their car , drives prospects & clients around , etc. ... . KNOW what you 're buying .


Input: Does Home Insurance Cover Underground Pipes?

Output: It is difficult to imagine when a homeowners policy would cover underground pipes . Most things that would affect underground pipes are excluded in a standard homeowners policy . Certainly normal deterioration or failure would not be covered . Movement of the ground is excluded . If the pipes were broken because an airplane fell on them , that is excluded also .


Input: Does Primerica Sell Disability Insurance?

Output: No , Primerica does not list Disability Insurance in the list of products that they sell . To find Disability Insurance you can go to a website or agency that sells many different life insurance products from different companies . Among those , you will find several that carry Disability Insurance and be able to shop among them for your best price .


Input: What Are Flexible Annuities?

Output: My comments assume the `` flexible '' refers multiple deposits into a tax deferred annuity . Annuities made for qualified plan contributions have a policy provision for flexible deposits . There are annuities that allow uneven deposits . Most non-qualified tax deferred annuities are single deposit annuities with no clause for flexible deposits in their policy provisions .


Input: Does Long Term Care Insurance Cover In Home Care?

Output: This is an exciting new feature with most long term care policies and riders on life and annuity products . Assisted home living is the preferred care by seniors and stretch the benefits of a plan before nursing home confinement is necessary . The ability to service a seniors personal needs from home may extend their motivation to enjoy their lifestyle and extend their life expectancy .


Input: Does Long Term Care Insurance Cover In Home Care?

Output: Most long term care policies sold now offer in home care , because they pay the long term care recipient , not the long term care provider . As such , as long as the insured person has met the triggers stated on the plan for benefit coverage to begin , that policyholder can use the benefit to pay for in home care if they desire .


Input: Why Should I Buy Disability Insurance?

Output: You should consider disability insurance if you do not have the financial where withal to fund an ongoing time of disability due to prolonged sickness and/or injury . Most American workers have less than 90 days in cash reserves , so it 's like having disability insurance is like having paycheck protection .


Input: Does Variable Life Insurance Have A Cash Value?

Output: Cash value permanent life insurance has the potential to accumulate cash values , but it 's dependent on the crediting method . Variable life insurance uses a guaranteed interest rate account and separate sub accounts that use equities and bond investments . The optimal design for cash value is purchasing the lowest TAMRA compliant death benefit option .


Input: Can I Borrow From My Retirement Plan?

Output: Assuming youre addressing qualified plans , the answer is yes , but you need to know the rule of engagement . Borrowing from a 401 -LRB- k -RRB- is generally permissible , but there is a cost of borrowing . If you are terminated from employment or transfer of your 401 -LRB- k -RRB- to an IRA , the plan may require repayment . There are penalties for non-compliance and the possibility that non-repayment may trigger an ordinary income tax event and in addition 10 % penalty if youre younger than 59 .


Input: Can I Borrow From My Retirement Plan?

Output: In Canada , you can not borrow directly from your retirement plan . Also you can not use your retirement plan as collateral for a loan . There is an indirect borrowing option with Retirement Compensation Agreement -LRB- RCA -RRB- where some lenders will use the refundable tax as collateral . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is A Good Homeowners Insurance Company?

Output: A ` good homeowners company ' is one on which you can rely for responsiveness in the event that you incur a covered loss . Since carriers vary from State to State as to availability , check for the strongest ones financially , combined with dependable claims handling histories . On your own , or with the assistance of an independent agent in your area , determine the A.M Best 's financial rating of the carriers they recommend and that you want to consider . Contact more than one area agency to get several opinions . Then do some internet searches for their claims handling track records . A few obvious search terms will get you there .


Input: What Is A Good Homeowners Insurance Company?

Output: There are numerous ` Good Insurance Companies ' , the best way to gauge this is to check the carrier 's A.M. Best rating ; this is the industry standard rating agency which grades carriers based on their financial strength and customer service satisfaction based on a number of parameters inclusive of claims handling . We caution clients that simply shop for the cheapest price and are not interested in the coverage purchased ; if a claim occurs , the same clients are those that are most unhappy with their decision and nothing can be done to remedy the situation . We recommend purchasing all the coverage that the household needs and adjust the deductible based on the premium that the client wishes to pay.Once you have a couple of quotes , it may be a good idea to visit : WEBSITELINK and check the carrier 's rating prior to securing a new policy . For a homeowners quote or further information , you may connect on : WEBSITELINK


Input: What Is A Good Homeowners Insurance Company?

Output: Several insurance companies are operating in the US and there can be a big difference in coverage and service from one company to the next . Everyone wants to pay less for insurance but what you really need to focus on is getting the best value . Working with an independent agent is a great option because independent agents work with multiple companies , not just one . An independent agent provides value by explaining coverage options and gaps from each company as well as shopping for the best rate .


Input: What Is The Best Life Insurance?

Output: The best life insurance is the one that works best for you and your loved ones . That includes your budget , your purposes for your insurance , and your personal qualifying details . Allow me to use a very loose comparison . Let 's say you are looking for the best home . First of all , you are going to determine how much you can spend per month on a mortgage or rent -LRB- BUDGET -RRB- . Then you are going to try find a home in a good school district , or close to your job , or some other consideration -LRB- PURPOSE -RRB- . Finally , you are going to determine if you can qualify for the mortgage , etc -LRB- QUALIFICATION -RRB- . Just as the best home for a family in Kansas is nothing like the best home for a single executive in New York City , the best life insurance for you will be the one that works best for your needs and desires .


Input: What Is The Best Life Insurance?

Output: No one company is the best , either in neither financial standing nor product offerings . As an example : Metlife is the largest by total assets and life insurance in force . John Hancock has the best five year net yield on investment . There are companies that excellent in term life insurance , permanent life insurance and life insurance for income . There are companies who are benevolent in their medical underwriting . There are just too many categories to address for who is the best !


Input: Does Insurance Cover A Deer Hitting Your Car?

Output: This can be covered if you have comprehensive coverage . You will have a deductible . Many think that the higher deductible is the better option how ever . This may not be the case . Comprehensive coverage is for deer tree vandals glass and ect basically anything other then a crash that you caused . Having a Higher deductible of $ 1000 may lower your monthly payments by as much as 10.00 a month but then you have to pay for the 1st 1000 worth of damage and not many have that much laying around to be able to pay but if you had a 100 deductible and paid a little more each month then you would only be paying 100 out of pocket before your insurance company paid anything . There also is one carrier that is out there in Montana that you can have what is called deer coverage . it cost 2.50 a month and they pay up to 1000 worth of deer damage with no deductible . . I am not sure if this is offered in any other state but can be well worth the 2.50 a month


Input: Is Critical Illness Insurance A Ppi?

Output: A Critical Illness Insurance policy is not the same as a PPI -LRB- Payment Protection Insurance -RRB- policy . With Critical Illness coverage , the person who has the policy will collect a cash benefit if he/she suffers one of the serious illnesses listed on the policy . With PPI , loan payments will be made to a lender if the person on the policy is unable to work due to illness , injury , or job loss .


Input: What Does Suze Orman Say About Term Life Insurance?

Output: Suze is a major proponent of term life insurance . She has not been a fan of permanent forms of life insurance , especially participating whole life insurance . If most cases , where people have retired their debt , secured their future obligations and have no charitable intent , term life insurance with an option to convert may be the approach to take in a defensive planning strategy . But many people have ongoing liabilities that exceed term life insurance periods of coverage or are limited by the age of the consumer . So permanent forms of life insurance could make sense .


Input: What Does Suze Orman Say About Term Life Insurance?

Output: Suze Orman says that Term Life Insurance is the only type of life insurance to buy . She recommends buying a length of term that suits the need for which it was purchased . E.g. . If protecting a child who is 13 , purchase a 10 year term policy . She says to buy 20 times the amount of annual income that your dependents would need to survive without you . That way they can invest the principal and live off the interest .


Input: What Does Suze Orman Say About Term Life Insurance?

Output: Suze Orman is in favor or Term Life Insurance because it is a low cost way to provide a hefty amount of financial protection for a family . She advocates investing and saving on the side , so that your family need not be dependent on life insurance in your later years .


Input: Where Should I Buy Life Insurance In Georgia?

Output: You can go online and Google a local agent or search for an insurance brokerage firm that offers a large inventory of life insurance companies . Most of these companies use spreadsheet technologies to premium rank the winners in every health category . This gives you that objectivity of shopping for the best price .


Input: Where Should I Buy Life Insurance In Georgia?

Output: There are many websites that offer you the chance to see free life insurance quotes by inputting your information . That is a good place to find life insurance in Georgia . Be sure that the website uses privacy measures and has good reviews . Getting referrals or looking at blogs is another way to find a good life insurance agency in Georgia , as is reading answers from a website like this one .


Input: Where Should I Buy Life Insurance In Georgia?

Output: Remember to look for a agency that represents many life carriers . This could save you thousands over the life if your policy . Many agents are captive and will only offer you one option which limits your ability to get the best rate . You want an agent that will look at your specific situation and find you the best rate . My agency is based in Georgia and does write life insurance for multiple carriers . Feel free to contact me !


Input: How Often Is Home Insurance Paid?

Output: Homeowners insurance policies are written on annual terms , but most all carriers offer many different payment terms . The policy can be set up on an escrow bill plan with your mortgage company , or you can elect to pay the carrier directly . The carrier direct option can be one annual payment or spread over multiple installments , including EFT options .


Input: Why Do People Obtain Life Insurance?

Output: People obtain life insurance for many reasons . Probably the most common one is to provide for their family if they should die while still having financial responsibilities that will be left to survivors to shoulder . Some people buy business insurance to cover their key employees , so that their business would not go under if their best performers died . Or an adult child might purchase business life insurance on the life of their parent , so that they have enough money to buy their share of the business from spouse , investors , or business partners , if their parent died . Life insurance can be used to provide money for estate settlement costs/taxes , to pay for final expenses such as funeral and travel for out-of-state/country family , to pay off a mortgage , or to provide collateral for a loan . The tax favorable status of life insurance , the advantage that the proceeds are paid quickly and usually bypass probate , and the fact that you can choose your own beneficiary , all contribute to the appeal of life insurance .


Input: Why Do People Obtain Life Insurance?

Output: Folks buy life insurance for quite a number of different reasons but the bottom line is that they all want to pass on a financial legacy . Spouses obtain Life INsurance for the first time when they buy their first home because they want to make sure that their susviving spose and family will have the security of that roof over their heads . Business partners obtain Life insurance in order to protect their financial investment in their business and to be sure that it will continue if something happes to one or the other . THese are just two examples .


Input: Why Do People Obtain Life Insurance?

Output: I can give you more reasons for why people buy life insurance than we have space on this website . Insurance is an integral part in any financial plan developed to protect people . Many people get insurance to transfer the risk of possible loss to the insurance company so that they can hold on to their own assets . In the event of a major illness or untimely death life insurance can provide peace of mind for those still living .


Input: Why Do People Obtain Life Insurance?

Output: People buy life insurance because they love someone else . They recognize that they have human capital and if they continue to live those that they love will benefit from their income and presence . Life insurance can replace some of the loss of income should death suddenly shorten that loving relationship . People also buy life insurance because they have an obligation to perform .


Input: Why Do People Obtain Life Insurance?

Output: There are many reasons for Life Insurance . The obvious is to ensure your family has money to carry on when you are gone . It protects your spouse , your kids , and others you love . Also , Whole Life can grow in value and shelter your funds from taxes , while allowing you to take funds out to pay for emergencies or whatever else you desire . It also avoids Probate , saving money and time for your family .


Input: Why Do People Obtain Life Insurance?

Output: That is a great question ! People buy insurance to protect things . Health , their car , and their belongings , we buy policies to protect all of these things . We buy life insurance for the same reason - in this case , to protect those we love and leave behind from being left without the money to care for themselves , or provide for our funerals . We buy it to protect our peace of mind , knowing that our loved ones wo n't suffer the loss of their financial security , as a result of the loss of us . It 's one of the most important things that we can do for them . Thanks for asking !


Input: Why Do People Obtain Life Insurance?

Output: Life insurance is one of the investments that allows an individual to trade a low monthly ; payment for a life insurance policy that has a protection amount that is much higher than my monthly payment . If my monthly payment is $ 100 month and I have a policy of $ 500,000 do you consider that money well spent . The Life Insurance policy can aslo enable tax managment strategies if it is a `` cash value '' policy '' . The `` cash value '' builds and as long as I do not withdraw the earnings it is not taxable . So if I have had this policy for 18 years and my `` baby '' is now grown and driving my Subaru and needs money to go to college I can pull the cash value at intervals that allows me to minimize my consequences and my `` baby '' slides off to college . Is that a good `` investment vehicle '' ? Life Insurance also enables Estate Planning strategies enabling me to pass assets to my children without huge tax consequences .


Input: Why Buy Life Insurance On A Child?

Output: That is a great question ! There are three good reasons why you want to buy a policy for your child . The first is for the obvious - if your child were to pass away , you would not have to bear the expense of the funeral by yourself . The second is so that you can save your child thousands of dollars over their lifetime . When you purchase the policy when they are young , the price they pay for the policy is locked in , and that is what they pay for the rest of their life . Many policies for young kids will offer a rider to increase the coverage amount without any medical questions . This is important in that if the child were to develop health issues that might otherwise cause a company to deny or drive up the price of coverage , they can still add to their coverage . The third is that by purchasing the policy when they are young , the cash value that builds in the policy can be sizable if and when they might need it . If you would like more detail , please feel free to contact me , I 'd be happy to help . Thanks for asking !


Input: Why Buy Life Insurance On A Child?

Output: Life insurance on a child should never be at the expense of life insurance on the breadwinner . Historically these policies were sold door to door on a weekly premium basis . While parents were concerned about the possible cost of the death of a child they were actually sold as savings plans . My parents gave me my paid up $ 2000 policy when I got married . Today the reason to buy such a policy is even more obscure . A small number of children become uninsurable and a very small number die ; however , this insurance might still help bring peace of mind to a parent .


Input: Why Buy Life Insurance On A Child?

Output: Buying Life Insurance is really for two reasons , one is for the unfortunate , the childs death . The other is as a gift of life as I like to call it , something you can give them in the future . Especially if you design the policy such as Whole Life to build cash value over time . This can be used in the future for the child 's future family , to help pay for college and more .


Input: Why Buy Life Insurance On A Child?

Output: Why buy for a child ? Because you can lock in the lowest possible rate this way , for the rest of that child 's adult life ! It will never go up . Never change . Always be there , and available for their college funding , medical emergencies , home down payment , and their retirement . Regardless of their future health or insurability , they will always have that life insurance you locked in when they were a child . Good enough reason ? Thank you . GARY LANE .


Input: Which Is Best Life Insurance Policy In USA?

Output: As there is No one best Life policy , So many variables determine what is the best Life policy for your specific needs . For example : term policy vs. whole life policy , final expense policy , budget , what is the planned use of the funds created by the policy etc. . .


Input: Which Is Best Life Insurance Policy In USA?

Output: There is no one best life insurance policy in the USA . That is like asking what is the best car in the USA . The type of life insurance -LRB- or car -RRB- that people buy depends on their budget , what they are using it for , what company they like , and whether they want to keep it for a long time or trade it off in the near future . A good life insurance agent will gather your personal health details , financial information , and desires , and find the best policy for you as an individual person .


Input: Who Is A Medicare Beneficiary?

Output: A Medicare beneficiary is simply a person who is covered by Medicare . The word `` beneficiary '' is not used here as in life insurance , where the proceeds of the policy go to someone specified by the policy owner . Here , `` beneficiary '' means recipient , or the person who is receiving the health insurance benefit of having Medicare coverage .


Input: Can I Borrow Money From My Life Insurance?

Output: Assuming you have a permanent life insurance policy that builds cash value -LRB- like Whole or Universal life -RRB- it can be an excellent source of funds . However , you should proceed with caution because you do not want to withdraw too much . Contact your agent or your insurance company 's customer service department to learn what they recommend . You might also ask them if you would be better off just withdrawing the needed cash . There are different consequences when you withdraw funds in lieu of borrowing .


Input: Can I Borrow Money From My Life Insurance?

Output: If you have cash value life insurance and you have cash values in your account , then yes you can borrow money from your policy . Keep in mind that there are several policy loan provisions that may assess a interest charge : zero net cost loans , wash loans , spread loans , direct recognition loans and participating loans . The loan cost could be zero up to 3.50 % .


Input: Can I Borrow Money From My Life Insurance?

Output: If you have Term life insurance , there will not be any cash value to borrow from . No lapse Universal life insurance may have minimal to no cash value , making it impossible to borrow from that type of policy , as well . Whole life , or Universal life which has been funded heavily , will have enough cash value to borrow from after several years , or possibly earlier .


Input: Can I Borrow Money From My Life Insurance?

Output: Can you borrow money from your life insruance policy ? Yes , you can borrow from your policy , usually with an email or a phone call funds can be wire transfered into your checking account within a few days . You know what is really nice about this option ? You don have to ask permission or justify your need to somebody in a cubicle to get access to your funds .


Input: What To Look For When Buying A Home Insurance?

Output: Assuming you mean '' ... when buying a home insurance policy '' , you need to determine the stability and respective reputations of the homeowner carriers that provide coverage in your area . I always suggest starting by checking the A.M Best 's rating of the insurance companies . Anyone with a computer can do it or you can ask the independent insurance agents in your area . I also recommend conducting an internet search for other financial information and complaints on the various carriers . There are many resources available to do this .


Input: How Much Is Long Term Care Insurance?

Output: According to the 2012 National Long Term Care Price Index , the average cost for a Long Term Care policy with a daily benefit of $ 150 , a three year benefit period , and a 3 % compound inflation rider is as follows : Single person age 55 - $ 2,007 per year Couple age 55 - $ 2,466 per year -LRB- total for both spouses -RRB- Couple age 60 - $ 3,381 per year -LRB- total for both spouses -RRB-


Input: How Much Is Long Term Care Insurance?

Output: Your personal information will be underwritten generating an offer or declination from the insurance company . Your gender , age , smoking status , health history and current health condition all contribute to your offer . After the insurance company 's offer , you 'll need to assess if the premium is affordable or not . A non smoking , male age 60 with standard health may pay $ 300 a month for full coverage with an inflation rider .


Input: What Affects The Cost Of Car Insurance?

Output: There are many factors that go into an auto insurance rate . drivers ' ages and driving records , location , marital status , residential status -LRB- owner vs. renter -RRB- , having prior insurance , claims history and credit history are some of the major factors . Of course , the levels of coverage you select plays a big factor as well . And be sure to look for discount opportunities .


Input: Is Medicare Funded By Taxes?

Output: Medicare Part A is funded by payroll taxes , income taxes paid on Social Security benefits , interest from Medciare trust funds investments , and premiums from those who are not eligible for free Medicare Part A. Medicare Part B and D are funded by premiums paid by those who have it , funds authorized by Congress , and some other sources .


Input: Does Life Insurance Go Up?

Output: Asking whether the cost of your life insurance policy can go up is an excellent question to ask when applying for your policy . Many people assume that Term life is guaranteed not to go up for the entire term , but that is not always the case . Even Whole Life policies that are purchased on a simplified issue basis might have a caveat that they can go up in price at certain times , or for the whole group . Therefore , this is a great question and one that you do need to ask your agent .


Input: Does Life Insurance Go Up?

Output: It will depend on the type of policy selected . Term insurance will eventually always rise in cost as a policyholder ages . Term is temporary coverage that may offer a level period of cost , but kept beyond that period , costs usually rises every year . With permanent insurance a single cost is created at the begining of the policy that will be charged either for a set period of time or the life of the policy . The easiest way to think of cost and life insurance is as follows . . `` Term insurance is the cheapest to start with , the most expensive to finish with and Whole life is the most expensive to start with , but the cheapest to finish with . ''


Input: Does Life Insurance Go Up?

Output: There are three main types of life insurance . Term , whole Life and Universal Life . There is also a fourth type called variable life but it is really an investment sold by investment brokers rather than most life insurance agents . Term will always go up . True term goes up each year but most people pay extra to level out the premium for 10,20 , or 30-years . Whole-life never goes up unless you buy a policy that has a laddered premium . If it has that -LRB- fairly rare -RRB- the amount and timing of the premium is built into the policy . Universal Life can be bought with guaranteed level premiums but more commonly is sold with no level premium guarantee and has large rate increases at unpredictable times .


Input: Do I Need Medicare Part B If I Have Other Insurance?

Output: If you are still working after you turn 65 -LRB- or your spouse is still working -RRB- for a company with 20 or more full-time workers and you get health insurance from them , you may not need to enroll in Medicare when you turn 65 . You can delay Part B and Part D and get them later on when you retire or if you lose your job-related insurance . You can enroll in Part A because it is free but it probably wont pay much towards your healthcare cost because Part A pays after your job insurance . Talk with the people in your human resources department before enrolling in Medicare Part B . If they tell you their insurance not Medicare will be primary then I would not enroll in Medicare Part B.


Input: Do I Need Medicare Part B If I Have Other Insurance?

Output: Medicare Part B is the doctor and outpatient portion of Medicare . Part A , the other insurance plan , covers inpatient hospital claims . If you currently have creditable coverage through an employer group health insurance plan , you probably do n't need Medicare Part B. Depending on the size of the employer group , either Medicare or the group plan is the primary payer . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans


Input: What Is The Effective Date Of Health Insurance?

Output: The effective date of a health insurance plan is the date your coverage starts . It will be different for each person because it depends on when you applied for the coverage and what your requested/approved effective date for coverage is . You can view your plan 's effective date inside your policy . If you 're unsure what coverage you have and/or what your effective date is , you should contact an experienced health insurance broker who can review these items with and help you find out if there is a plan that will be more suitable to your specific needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does Health Insurance Cover The Flu Vaccine?

Output: The flu vaccine is covered and is treated as preventive care . Preventive care should be covered at 100 % since the passage of the health care reform . Please be sure to inform the pharmacy about this benefit as there is currently a lot of confusion and people are paying out of pocket .


Input: Does Homeowners Insurance Cover Swimming Pools?

Output: Homeowners Insurance does cover Swimming Pools as ` Other Structures ' which is usually 10 % of the Dwelling Coverage amount on the policy . A swimming pool is covered for the same perils that cover the home . The most common covered claim for a swimming pool would be a liability claim or medical payments claim for a slip and fall injury ; some insurance carriers will not insure a home with a pool if there is a diving board or slide in order to avoid this risk . One of the more common questions regarding a swimming pool is coverage for cracks in the pool . Cracks are usually caused by land movement or earthquakes ; this is not covered on a homeowners policy . Earthquake coverage would need to be purchased to cover this sort of damage to a swimming pool ; however , the deductible and special limits will apply to swimming pools . Please review your coverage details prior to purchasing coverage .


Input: Does Homeowners Insurance Cover Swimming Pools?

Output: If a pool is damaged due to a covered peril there may be coverage . For example a tree falls on the pool . It will also cover liability if someone gets hurt or drowns in or around the pool . Make sure your agent knows you have a pool and make sure it is properly fenced according to the insurance companies standards however . If you do n't and the company inspects it , you may face non-renewal . Most companies require some type of fence around a pool .


Input: Does Personal Car Insurance Cover Rental Cars?

Output: -- > Normal 0 Renting a car is n't the problem , if you have liability and physical damage insurance on a car that you own that coverage should extend to other cars you might be driving including a short-term rental car . The problem is n't the rental car , it 's the rental agreement you sign and most renters fail to read it . Rental agreements often say you understand and accept the insurance the rental company carries on the car will not apply to you or applies only up to the state minimum . So if you do n't have your own coverage , there wo n't be any -LRB- or very little -RRB- if you have an accident . Most rental agreements require you to be responsible for any damage to the car even if it is not your fault . Knowingly or unknowingly , you assume a responsibility you normally do not have . If the rental car is damaged , the agreements usually say you agree to pay not only for the repair or replacement of the car but also the loss of rental revenue the company loses while the car is being repaired and any administrative costs the rental company incurs as a result of that damage . Your car insurance will not cover that . You also commonly agree to reimburse the rental company for any legal expenses or judgments they are required to pay . Your insurance policy may not cover that . Some of these risk assumptions may covered by the insurance you might have on your own car but many may not and that is where the problem lies . They have your credit card and you have given them permission to add these charges to your credit or debit card . Although you often hear your own insurance covers you when you rent a car that may only be a partial answer . Your insurance may cover some of the rental car expenses but not all of them . Make sure you understand what those expenses are , which ones your own auto insurance or personal umbrella covers you for and which ones you will be required to pay out of your own pocket . If these risks are more than you are comfortable with , the only other alternatives are to purchase the very expensive `` Damage Waiver '' coverage from the rental car company or simply do n't rent the car .


Input: Does Personal Car Insurance Cover Rental Cars?

Output: If you are one of the named insureds on an automobile policy and are driving a newly acquired or temporary substitute car or a non-owned car that is being used with the permission of the owner then the Bodily Injury Liability and Property Damage Liability extends from your automobile policy . There are coverage limitations in your policy which also apply such as the coverage applies only to the United States and Canada , and it doesnt cover you when you are using the car for a business , such as delivering pizza .


Input: Does Life Insurance Go To Estate?

Output: If you choose the beneficiary of your life insurance policy to be your estate , or if none of your beneficiaries are alive when you pass , your life insurance proceeds will go to your estate . Other than those circumstances , your policy proceeds go to the person or other entity that you chose to be your beneficiary , bypassing your estate . This allows the benefit to not be tied up in probate and avoids unnecessary fees . However , the value of your life insurance is considered part of your estate value . If the total value of your estate is over the federal or state exempted amount , and if your spouse has passed , estate taxes on the excess may apply .


Input: Does Life Insurance Go To Estate?

Output: Life Insurance passes by contract law . So if I have a $ 500,000 policy upon my death , assuming my wife is my beneficiary , the funeral home provides a `` death certificate '' to my wife who then files a claim with my insurance company and the proceeds is not tied up in my estate .


Input: Does Life Insurance Go To Estate?

Output: One of the great benefits of Life Insurance , is that you get to name the beneficiary and they get your proceeds when you die , totally avoiding Probate , and the cost of Probate , and the eternal delays of Probate . Save your family that Hell . Get Life Insurance .


Input: How To Invest In Insurance Annuities?

Output: Every saver and investor needs to review their suitability for the financial or insurance products theyre considering , annuities are no exception . Tax deferred annuities held over long periods can generate significant financial impact on a high tax bracket saver or investor . First you need to establish a personal financial profile that includes a risk tolerance assessment to determine which crediting method is suitable : fixed interest rate crediting , indice crediting or separate subaccounts using equity and bond instruments . Non-qualified annuities should be considered as part of your retirement income strategy . Some planners use a combination of immediate and deferred annuities with different policy durations as a laddering technique using the exclusion ratio of an immediate annuity for the initial income and the accumulated tax deferral advantage of the other deferred annuities to generate income as well .


Input: Why Annuities Are Poor Investments?

Output: Tax deferred annuities are insurance products with differing crediting methods for a diverse saving and/or investment strategy for a suitable purchaser who demonstrate a high tax bracket and mid to long term hold horizon . This is determined by developing a personal financial profile that includes risk assessment , a retirement date and a life expectancy report .


Input: What Does Suze Orman Say About Fixed Annuities?

Output: While Suze has n't addressed fixed interest rate annuities in some time , she understands that short term tax deferred annuities generally pay a better rate the bank certificate of deposit -LRB- CD -RRB- and delay taxation until the annuity monies are used . She also understand that conservative savers like short term annuities for safety .


Input: Can Life Insurance Be Held In An IRA?

Output: In a word , no . The tax law prohibits life insurance being purchased in an IRA . However , you may be able to roll your IRA to a qualified plan tax free . Life insurance can then be purchased through the qualified plan within certain limits . This strategy requires the help of legal and insurance specialists to do properly . And it requires a plan controlled by you through your own business or an employer plan that will accommodate your needs . Please note that while you may be able to then buy life insurance within the qualified plan the purchase of life insurance in the plan will trigger a certain amount of taxable income . This strategy has its proponents and detractors for a variety of reasons . However , if you have poor health and can still qualify for life insurance this could be a great strategy . And it may make sense in other situations . Consult with a qualified life insurance specialist about your options and then employ legal counsel to implement the plan if you choose to proceed .


Input: When Did Long Term Care Insurance Begin?

Output: Long Term Care Insurance began in the early 1970 's , but did not start becoming popular until the 1980 's , after a period of rising prices in nursing home care . Back in the 70 's the focus was to provide payment for nursing home care . Now Long Term Care insurance can be purchased to cover all types of service and living arrangements .


Input: How Do I Qualify For Medicare In Illinois?

Output: Medicare is a federal run program . To qualify you must have worked and paid into the system , be 65 or older or have certain disabilities . Usually you will automatically be enrolled when you are eligible , however if you think you qualify call your local Social Security office or 1-800-MEDICARE . Do not confuse Medicare with Medicaid , which is a combined Federal and State program for people with low income and assets .


Input: How Do I Qualify For Medicare In Illinois?

Output: The main way that most people in Illinois qualify for Medicare is by turning age 65 , or by having been on Social Security Disability for two years . You must have paid into Social Security taxes for at least 10 years , or been the dependent of someone who did , in order to qualify for the benefits of Medicare .


Input: Can I Get Disability Insurance?

Output: Can I get disability insurance ? Yes you can . One thing good disability insurance can be hard to get as you have to medically qualify for coverage . Often the realization that a person needs income insurance -LRB- disability insurance -RRB- comes after an illness or injury that put them out of work for a period of time . That is when it dawns on a person to get covered . The problem ? your health history -LRB- the reason you want disability -RRB- now works against you .


Input: Can I Get Disability Insurance?

Output: You can get Disability Insurance if you make an income and if you qualify medically . Some health conditions that would most likely cause a decline for disability insurance are rheumatoid arthritis , stroke , MS and other health conditions that might advance to the point of restricting someone from being able to perform their job . Some graded policies will accept health conditions with moderate risk , such as type 1 diabetes . Regular Disability policies will cover well controlled health conditions and just charge some extra . The risk involved in one 's job also makes a difference .


Input: What Exactly Is Renters Insurance?

Output: Renters insurance is very similar to homeowners insurance . Renters insurance provides coverage for a tenants personal property and some liability coverage for covered occurances that the insured is deemed responsible for . Contact a local agent to find out more details about the coverages and pricing of policies offered in your area .


Input: Is Cobra Health Insurance?

Output: Yes , Cobra is true medical insurance and is an interum policy that a person is eligible for when losing a job that included group medical insurance for the emplyees . It is normally very expensive especially when the company may be paying the premium as a benefit and only lasts 18 months . With the ACA plans a layed off or terminated emplyee may be able to pick up a much more affordable plan as he or she qualifies for the special conditions event and can pick up coverage outside of open enrollment . Any questions please contact the Hinch Financial Group @ 843-450-9879 or visit my website @ www.hinchfinancialgroup.com .


Input: Is Cobra Health Insurance?

Output: COBRA is simply continuing the existing group health insurance coverage that you had been covered under with your former employers health plan when you were employed there . The only difference is that you would have to pay the entire monthly insurance premium as no employer contribution is required for COBRA continues . By definition then , COBRA coverage is health insurance .


Input: How Much Is Life Insurance For Elderly?

Output: Insurance is always based on a number of factors ; age , gender , health history , smoker or not . You can get final expense plans for a small acount of coverage at a very inexpensive price -LRB- typically under $ 50 -RRB- , you can look into a cash value life policy with more coverage or a term plan . The closer one is to 100 years of age , the more expensive insurance will be . A lot of companies wont write a life policy if you are over 85 years old .


Input: How Much Is Life Insurance For Elderly?

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


Input: How Much Is Life Insurance For Elderly?

Output: Life insurance for the elderly can be fairly affordable if there are no major health problems . The other variable is how you define `` elderly . '' It 's possible to pay as little as $ 20 - $ 75 per month , depending on the face amount of the policy and the number of `` units '' of coverage.A full-time agent/broker is the best resource for information on this topic and also the best way to find the lowest rates !


Input: Does Life Insurance Work As An Investment?

Output: One type of life insurance -LRB- variable life insurance -RRB- has an investment component but no life insurance itself is NEVER an investment . Life insurance is guaranteed protection . An investment is risk . Without risk the product can NOT be considered an investment . This is not a bad thing . It 's a good thing . Life insurance does what it was designed to do better than any investment ever could . You will find a few agents that will call life insurance an investment to make a sale . Those who get caught at it are subject to huge fines and can lose their license to sell insurance . It is considered very misleading and the Department of Insurance of your state should be contacted if you ever have an agent telling you such a thing .