Input: What Is A Hybrid Term Life Insurance Policy?

Output: A hybrid life insurance policy blends both non-medical and fully underwritten coverage . The idea is you get a portion of the death benefit being applied for as full coverage without an exam -LRB- the rest being AD&D coverage -RRB- and the rest turns into full coverage after an exam is completed and you 're approved . The initial process can be completed in just a few days -LRB- typically 48 hours or so -RRB- - when the exam is completed , it can take a few weeks for the underwriting to be wrapped up . Once the initial non-medical coverage is in force , you can then decide to take an exam to turn the rest of the coverage into full coverage -LRB- you generally have a window of about 6 months to complete the exam - can vary by carrier -RRB- . Even if you come up with poor numbers and are declined for the rest of the coverage being turned into full coverage , you can still keep the initial format of the plan because it 's already in force . It 's probably easier to envision with an example . If you apply for $ 250,000 of coverage with a 20-year term period under a hybrid life policy and you 're approved for the non-medical side -LRB- again , typically takes only a couple of days -RRB- , only a portion of the coverage will be full coverage . So let 's say the coverage is actually $ 100,000 of full coverage and $ 150,000 is AD&D -LRB- actual ratios will vary by carrier -RRB- . This means that if you died without completing the exam and getting the rest of the coverage approved , only $ 100,000 would be paid out instead of the full $ 250,000 . The only way the full $ 250,000 would be paid is if you died under accidental means -LRB- e.g. a car accident -RRB- . It sounds like a great idea on paper , right ? You 're getting coverage quickly and you 've got something locked in in case you ca n't qualify for the full coverage transition . There 's a huge issue with this type of program !!!! The RATE PER $ 1,000 of full coverage that you 're paying under a hybrid life policy can -LRB- and likely will be -RRB- A LOT higher than you would be paying for coverage under a traditional life policy - meaning you can end up spending a ton of extra money on premiums unnecessarily that could easily be in your own pocket . The chances of a claim for AD&D coverage is slim to none . You 're most likely to die from illness than you are to die from injury . *** You want to be paying the lowest cost per $ 1,000 of full coverage - this is the key point you want to look at when you 're buying your coverage . *** Think about it this way . If you 've got a $ 250,000 non-medical policy and a $ 250,000 hybrid policy , and the premium for the hybrid policy is less , you 're actually paying a much higher rate because only a portion of the face amount is full coverage , where as the entire face amount under the regular non-med policy is 100 % full coverage . But you can just take the exam and turn it into full coverage right ? Problem solved ? - NO !!! If you 're willing to take an exam in the first place , you may as well have just done a traditional fully underwritten program to start with , because the premiums for those programs are substantially less than they are for hybrid policies and you have full coverage from day 1 . The long and short of it is this - if you do n't want to take an exam , buy a non-medical policy . If you 're willing to take an exam to lower your premiums or secure a higher amount of coverage , apply for a fully underwritten program because you 're going to get much better rates . The idea with hybrid policies is to try to get the best of both worlds , but the process just does n't make much sense with how much you 're spending for full coverage . I hope this provides some clarification for you . Please feel free to contact me for further assistance . Thanks very much .


Input: How To Cash Out A Tax Deferred Annuity?

Output: That is a great question ! You will want to contact the agent that sold the annuity , or the financial institution that sold it , and ask them to start the process for you . You want to remember that in most cases , the amount of principal that was used to start the annuity will be the amount un-taxed , all of the interest earned on the annuity over the years will be considered gain , and thus taxable . Taking the funds out of the annuity in a lump sum will cause that tax to be applied at once also , and may substantially reduce the amount paid to you . If the annuity is still within the surrender period , there may be penalties or fees applied also that will reduce your payout . I do not know your reason for cashing it out , but there may be a better way to get cash if you need it quickly than to surrender your annuity . If you would like to discuss them , please contact me , I 'd be happy to help . Thanks for asking !


Input: How To Cash Out A Tax Deferred Annuity?

Output: A tax deferred annuity can be surrendered at any time . The amount of money returned will equal the value of the annuity minus any surrender charges . Taxation will be applied depending on the nature of the annuity . If it is a qualified annuity the distribution will be treated as ordinary income and depending upon your age could be subject to a surcharge . If it is a non-qualified annuity it will be taxed to the extent that the value exceeds the premiums paid . This could also be subject to the surcharge .


Input: Where Should I Get Renters Insurance From?

Output: -- > Normal 0 If you are comfortable with and trust the insurer of your car , I would approach them or their agent to see what they would suggest you consider to cover your Personal Property and Liability exposures . Hopefully they would offer you coverage consistent with what you have on your car . Most car owners carry insurance to cover the repair of their car if it is damaged in an accident or from some other cause . Insurance on your other personal property should pay you to repair or replace your other personal things if they were damaged . Most car owners carry liability insurance to cover them if they injure someone or damage their property in an accident . Tenant homeowners coverage should provide similar coverage for accidents , which do not involve your car . It makes sense to me to consider one insurance company to cover both exposures . That makes you a more significant customer , you may get better coverage and pricing , you would pay one company and one company would handle your claims . Its not always the best alternative , but it is a good place to start .


Input: Where Should I Get Renters Insurance From?

Output: That is a great question ! The best idea always when it comes to buying insurance is to shop around , and go with the one that feels right to you . If that happens to be with the agent that insures you for other stuff , there could be discounts available , so that should be your first choice . If it is n't then you want to look for a reputable company , one in good standing with your State 's Department of Insurance , and one well rated by a company like A.M.Best or Standard and Poors . I hope that helps , thanks for asking !


Input: Where Should I Get Renters Insurance From?

Output: You should contact your insurance agent . If you do not have an insurance agent , get referrals from friends , colleagues or neighbors . A good agent will listen to you and provide sound financial advice . A good agent will communicate clearly with you and the insurance company . A good agent will help you evaluate your needs and establish appropriate levels of coverage for your situation .


Input: What Is The Best Medicare Supplement Insurance?

Output: Medicare supplement insurance plans are available from a number of different carriers in your state . All states have plans from Blue Cross . Most will have Medicare supplement plans from United Healthcare and Mutual of Omaha . All of these are good plans but you should not limit yourself to just these carriers . The best Medicare supplement insurance is the one that fits your needs and budget .


Input: How Much Does Supplemental Medicare Insurance Cost?

Output: How much you pay for supplemental Medicare insurance depends on a number of factors . Medicare supplemental insurance plans are priced according to your age , zip code , tobacco use and plan design . In some situations you weight is also a factor . Supplemental Medicare insurance plan F has the highest rate , but a wise consumer will evaluate different plans with several carriers . In doing so you can save $ 1000 per year or more . #GeorgiaMedicarePlans #GaMedigapQuotes


Input: Does Borrowing From Life Insurance Work?

Output: Yes . Policy loans are an ownership right . You can borrow life insurance cash values , even prior to age 59-1/2 , without a tax penalty as it is not a distribution . Loans will reduce the policys death benefit and cash value available for use . But use care here since if the policy lapses or is surrendered in full while there is an outstanding loan the amount of the outstanding loan is taxable to the extent that the policy 's gross cash value exceeds the policy-owner 's basis -LRB- sum of premiums paid -RRB- in the contract . Policies that have a cash surrender value and have been inforce for awhile have a maximum loanable value of close to the cash surrender value . Your annual statement may also have the value for loan purposes . Policies vary widely and there are many factors to consider . The best way to get a current value is to contact your life insurance professional or the insurance company directly . The preceding is for planning purposes only and is not tax or legal advice . Consult with your tax or legal adviser .


Input: How Good Is Gerber Life Insurance?

Output: Your question can mean many things . Gerber has an `` A '' rating by A.M.Best , the company most recognized by the life insurance industry . Gerber 's products are generally at the lower end of need for most people as they mainly sell final expense type products . Premiums are generally competitive , and a good independent agent will guide you to the best value for your needs .


Input: Does Renters Insurance Cover Storage Units?

Output: I would agree most tenant-homeowners policies cover your personal property while it 's in your home or `` anywhere else in the world '' and there is no limitation I 'm aware of for storing some of that property in a storage unit . Although I do n't wish to disagree with a colleague , I believe coverage would apply at another residence should you have more than one but a 10 % or $ 1000 , whichever is greater , limitation would apply . Tenants policies generally limit coverage to specific named perils like fire , wind , theft . certain types of water damage , etc. , but your personal property should be covered in a storage unit the same it would if the property was in your home . Dropping ink on a rug however may not be one of the covered perils .


Input: Does Renters Insurance Cover Storage Units?

Output: If the tenants policy is in force , personal property is covered anywhere in the world . This does n't apply if it is located in another residence . For example you loan a carpet to your mother who then drops a bottle of ink on the carpet , in her home , coverage would be denied . If it were in a storage unit and suffered similardamage it would be covered .


Input: Does SIPC Cover Variable Annuities?

Output: Variable annuities are classified as a security under the regulatory over sight of FINRA and an insurance product regulated by the department of insurance for each state . SIPC does not provide protection against market losses , so it doesnt protect the down side risk negative returns .


Input: Does Life Insurance End?

Output: Today the answer is yes and no , depending on the type of policy purchased . With term insurance there definately is an end without regard to the insured 's situation . If the insured is still alive at the term policy 's end , coverage ceases and the insured is left to fend for themselves . With whole life , depending on the type of policy , the policy will end -LRB- endow -RRB- at an age where the cash value becomes greater than the death benefit . In that situation , the cash value would go to the insured , ending the policy . With a newer product , Guaranteed Universal Life , some plans offer coverage as long as the insured pays the premium . These GUL plans create a level premium that guarantees payment as long as the premium is paid .


Input: Does Life Insurance End?

Output: There are permanent life insurance policies that have no maturity date nor endowment date , but simply end at the death of the insured and the language in these contracts reflects this . The Guinness Book of World Records certified Jeanne Calment as the oldest person who ever lived in modern history at 122 years , 164 days . So ultimately life insurance coverage can not extend past the life of the insured . The average maturity date for most permanent products is age 121 . Not long enough for Jeanne .


Input: Does Life Insurance End?

Output: Yes . All life insurance will end upon your death if the policy is still in force when you die . Some life insurance is not really designed to last until you die . Term life insurance is always intended to be temporary insurance and only last 20 years or 30 years or for whatever term you buy it for . It actually does n't end because you COULD renew it but no one ever does because the policy premium would be very very expensive . It 's usually cheaper to either start over with a new policy or walk away from it .


Input: Does Life Insurance End?

Output: It depends on the type of life insurance . Term is pure coverage meaning you are covered for the length of time the term is meant to cover . If you get a 10 year term , you are covered up to the 10 years . Most terms are convertible to a permanent policy , but most have a conversion period so be sure to read the life contract . Other forms of life such as whole and universal life are meant to cover the insured until death , but you have to make sure that you have paid enough in for the policy not to lapse . The outline of the plan should be in your life contract .


Input: How Long Does Life Insurance Last?

Output: It is going to depend on the type of policy purchased . For term insurance there is a stated policy end . Usually with newer term policies the end is age 90 or 95 . With older policies as young as 70 could be the end . AARP 's term life ends at age 80 for example . With universal life policies have age limits of up to age 121 in some cases . There are some Guaranteed Universal LIfe policies that offer lifetime coverage . These are fairly new policies , that just require a set premium be paid for the life of the policy . Whole life depending on the age of the policy will `` endow '' at age 100 or later . At that point the cash value will be greater than the death benefit and the insured gets the cash values . The big thing to remember is that policy end dates are always changing when new insurance plans are created . The big thing is check your policy . An end date will be stated in the body of the policy . This is a multiple answer question , you have to look .


Input: How Long Does Life Insurance Last?

Output: There are three main types of life insurance and they have three different intended lengths . Whole-Life Insurance - Designed to stay in force until you die regardless of how long you live . Most people pay a premium on whole-life their entire lifetime but many will pay it in full within 10-years or 20-years . Some pay it with one single premium . Term Life Insurance - Term is a policy that you decide how long yopu want to keep it when you buy it . Most people buy it for either 1-years , 20-years or 30-years . If you try to keep term life insurance too long you will pay a LOT of money to keep it going in the later years . That is usually the result of bad planning . Universal Life -LRB- aka : Flexable Premium Life -RRB- - You COULD keep this policy going for as long as you live but the premium will usually go up a lot unless you die at a younger age . You can change the amount of premium you pay with these policies since they do not have a lifetime rate guarantee . Many people consider these to be time-bomb policies if they are not reviewed and adjusted regularly .


Input: How Long Does Life Insurance Last?

Output: How long life insurance lasts is one of the main features that causes one policy to cost more than another . Very generally speaking , the less you pay , the shorter your policy will last . This is not a problem as long as your health is suitable to get a new policy when the short one ends .


Input: How Long Does Life Insurance Last?

Output: Take your pick : To age 121 . Yep - the policy can be guaranteed for that long ! 10 , 15 , 30 , or 30 years . But - what happens after that ? The price can be ENORMOUS . Any time period you choose . Some policies can be that flexible . Kind of depends on how much you need , and for how long you need it . It can last as long as you do if you want to reap the benefit . After all , it is the only form of insurance for which you know a claim will definitely be paid . If you keep the policy in force .


Input: How Long Does Life Insurance Last?

Output: Life insurance policies last until the last premium is paid , the insured dies , the policy matures or the term expires . In the case of group life insurance , in most cases the life insurance terminates when you are no longer an active employee . Some voluntary group life insurance plans through an employer are portable .


Input: How Much Insurance Do I Need For My Car In Maryland?

Output: Auto Insurance is compulsory in MD. . You must carry State Minimum Liability Limits of 30,000 / 60,000 / 15,000 . That 's $ 30,000 per person/with a max of $ 60,000 per accident and $ 15,000 in Property Damage . Liability only covers the OTHER driver/car , so it might be advisable to get some coverage on yourself as well .


Input: What Companies Offer Health Insurance?

Output: Many companies are offer hybrid annuities or annuities with morbidity riders like long term care , critical illness , catastrophic illness , terminal illness , etc. . But one of the leading annuity distributors in One America , popular for their long term care rider on the fixed interest rate annuity that accepts 1035 exchanges from other annuities .


Input: What Companies Offer Health Insurance?

Output: The companies available for you to purchase health insurance from can vary dramatically depending on where you reside . In some areas , consumers have dozens of companies to select from , allowing great freedom of choice for you to elect the plan best suited to your needs . In other areas , especially for those seeking subsidized coverage through the Affordable Care Act , also known as Obamacare , many consumers have as few as one of two options to select from . When seeking the best coverage for your personal situation , it is always best to contact an licensed , independent agent that works with all of the major companies in your area . Their service is free , and can help you save thousands of dollars in the very near future , especially if you have any major medical claims .


Input: Is Car Insurance More For A Lease?

Output: Leasing companies require that you carry somewhat higher liability coverage in addition to both Comprehensive and Collision . So if you have been used to carrying lower liability and have had an older car without Collision , and you replace that car with a new leased vehicle , then you will see a premium increase .


Input: Is Car Insurance More For A Lease?

Output: Car insurance does not necessarily cost more for a lease . Although liability limits typically must be at least $ 100,000 per person and $ 300,000 per occurrence , often these same limits are carried on non-leased vehicles . Deductibles also are often required to stay at or under a specific level -LRB- often $ 500 -RRB- . Again , many customers also have those same deductibles on non-leased vehicles .


Input: Does Health Insurance Cover Rolfing?

Output: Typically , holistic treatment is not covered or only marginally covered under standard health insurance policies . Although this type of treatment is widely considered to be safe , you are still advised to notify yourprimarycare physician -LRB- if you have one -RRB- of any treatment you are considering . There are many conditions where it appears to be recommended .


Input: Does Health Insurance Cover Rolfing?

Output: No , I have not seen a policy that covers Rolfing . I have personally been through the Rolfing protocol , paid cash , and it has benefited my family . My advice is if something-whatever it is-improves your health , do n't stop doing it because your employer or employer coverage wont pay for it . You would n't use a rake to dig a hole , even if someone else bought it for you , because it is the wrong tool . You would use a shovel , even if you had to pay for it . Your health is more important than digging a hole . Use what works on you , even if you have to pay for it .


Input: Who Are The Top 10 Long Term Care Insurance Providers?

Output: The long term care market has contracted considerably over the last five years . Here are the remaining companies : Genworth Financial , John Hancock , Transamerica LTC , Mutual of Omaha , MedAmerica . There are more , but these are the players that agents and consumers appear to be offering and purchasing . Your humble correspondent has Genworth .


Input: How To Buy My Own Health Insurance?

Output: It is easy to buy your own health insurance . Many top-rated insurers offer affordable plans that will provide comprehensive coverage . Finding those plans is easiest when you utilize an experienced broker and/or their website . You can quickly compare rates and benefits from the best insurers in your area and apply online . There is no cost and you 'll have free unbiased advice from a seasoned veteran available at any time .


Input: How To Buy My Own Health Insurance?

Output: There are several ways to buy health insurance on your own . You can call a company direct and purchase whatever the person answering the phone suggests , you can have an insurance agent come to your home or business and purchase coverage that way . Most will find a local agent , usually online , and purchase through them .


Input: What Does Disability Insurance Coverage?

Output: Disability insurance covers times when youre unable to work because of injury or sickness . Disability insurance is paycheck protection . Most working Americans have 90 days in cash reserves , so its a critical component of defensive planning whether youre considering short or long term disability coverage .


Input: Does Medicare Part D Cover Benzodiazepines?

Output: Yes , starting on January 1 , 2013 , Medicare Part D does cover benzodiazepines . Some common brand names of these medications are Ativan -LRB- lorazapam -RRB- , Restoril -LRB- temazepam -RRB- , Valium -LRB- diazepam -RRB- , Klonopin -LRB- clonazapam -RRB- , and Xanax -LRB- alprazolam -RRB- . They are usually used to relieve intense anxiety , muscle spasms , seizures , or insomnia but can be used for a number of conditions .


Input: Will Health Insurance Pay For Nutrisystem?

Output: I 'm not aware of any carrier that will pay for Nutrisystem . It is always possible that in the future that there may be changes in the future , although it is doubtful that Nutrisystem will be part of those changes . But ... strange things happen with the current healthcare system , so stay tuned .


Input: What Constitutes A Smoker For Life Insurance?

Output: For nearly all life insurance companies , having one cigarette in the past year constitutes a smoker . Having chewed nicotine gum or chewing tobacco ; having smoked more than one cigar per month ; smoking electronic cigarettes , and all other forms of tobacco are also rated smoker by most life insurance companies , if done in the past year . There are a handful of companies that will rate chewing tobacco , daily cigars - any tobacco except cigarettes - as nonsmoker -LRB- but not Preferred Nonsmoker -RRB- . And there are quite a few companies that will rate as good as Preferred Nonsmoker for under 13 cigars per years .


Input: Does Medicare Pay For Skin Cancer Screening?

Output: Skin cancer screenings are not part of the list of covered screenings . If a doctor deemed an exam to diagnose cancer medically necessary , the exam would be covered . Medicare only covers about 80 % of healthcare expenses . You may therefore want to consider adding a Medicare supplement plan to cover all or a portion of the other 20 % . The idea of having a supplement plan to go with your Part A & Part B coverage is that it helps you create a very predictable healthcare expense structure . 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: Who Sells Variable Annuities?

Output: A variable annuity is a registered security regulated by FINRA and an insurance product regulated by the department of insurance of each state . Because variable annuities are a registered security , only a registered representative with a broker dealer can offer to sell them . And because a variable annuity is a security with exposure to market conditions , it can experience losses in their accounts .


Input: Do Need Home Insurance On A Rental Property?

Output: Yes , but most people and a lot of agents do n't realize home insurance does n't cover rentals . A homeowner 's policy is meant for the insured that actually lives in the home . All policies differ from company to company , but there is usually a 30 day period that the home is covered until it becomes a rental , vacant , etc and even though you may be paying premiums for a homeowner 's policy you wo n't be covered because it is no longer a main residence . At that point and hopefully you agent advised you of this , that you need to get a dwelling policy specifically for covering the building and not the contents which is often called a `` landlord '' policy . The morale of the story is to be sure what the policy states and if there is a vacant clause which there normally is .


Input: Do Need Home Insurance On A Rental Property?

Output: Yes . There are policies available for rental properties . As the owner you can be held responsible for injuries on your property even if your tenant as at fault . In addition you also need to cover fire and other damage to the property . I would also require my tenants to carry renters insurance . While this is not an absolute necessity , it can provide you with additional liability protection if there is an injury that is the fault of the tenant .


Input: What Is Long Term Disability Insurance What Does It Cover?

Output: Long Term Disability Insurance covers your inability to work . Its paycheck protection . The value of human compensation or the ability to earn money as a trade off for services rendered is at the heart of our economy . Most American workers have 90 days of reserve funds in case of an emergency . Disability insurance covers part of your compensation during your time off work due to disability .


Input: When Is Open Enrollment For Medicare D?

Output: Open enrollment is from October 15th thru December 7th . If you are just turning 65 you also have an Initial Enrollment period 3 months before the month of and 3 months after you turn 65 or become eligible for Medicare . You may also have a Special Election period in some circumstances .


Input: Can I Get Short Term Disability Insurance While Pregnant?

Output: You can not get a short term disability policy that will pay for time off for a normal pregnancy and delivery , once you are already pregnant . If you got the short term disability insurance policy before becoming pregnant , they can receive benefits from that policy when you delivery your baby .


Input: Which Is Better Medigap Or Medicare Advantage?

Output: No clear answer to this question . It depends on what a person can afford . I prefer Medigap or Medicare Supplements , because insured can use any doctor , while in Advantage Plans insured is mostly restricted to a network of doctors he/she must use . But insured pays a premium price for this , supplements are expensive and not everyone can afford it . If you ca n't afford a supplement , then the Advantage Plans are very good and useful , but they have many limitations . So it 's the insured 's pocketthat will determine which plan is better .


Input: When Can I Cash In My Life Insurance Policy?

Output: Accessing cash from a permanent life insurance policy may have surrender charge implications in the earlier years of the policy that create illiquidity to the actual account cash value . The crediting performance of a permanent life insurance , whether participating whole life or universal life , will also dictate what cash can be withdrawn or borrowed if you dont surrender it . There are rules that govern withdrawals and taxation as well as policy loan charges if you elect to borrow money . If you surrender -LRB- cash in -RRB- a life insurance policy and the cash values exceed basis , you will trigger an ordinary income tax event . To determine what cash is available , youll need to order an in force ledger from the issuing life insurance company .


Input: When Can I Cash In My Life Insurance Policy?

Output: A whole life policy accumulates cash value . This cash value increases over time . While you can cash surrender the policy at any time , you will only receive the amount of cash surrender value in the policy , you do not receive the face amount . The longer you hold on to the policy the more cash accumulation you have . Remember that when you surrender a policy by cashing it in you will lose the death benefit . If you need the insurance then take a loan on the policy if you need cash . Just make sure you pay the interest each year . The amount of the oan will be deducted from the death benefit if something happens to you .


Input: What Is Gap Coverage In Auto Insurance?

Output: Gap coverage is an option you can select when buying a new car . It is usually only offered until the vehicle is 1-2 years old with most companies . It 's helps protect you from depreciation -LRB- being upside down on a car loan -RRB- if there is a total loss to the vehicle while it is still fairly new . You need to look closely at the terms of gap coverage , as they vary from one company to the next . some companies will flat out buy you a new car of the same value . others will increase the total loss value of the vehicle -LRB- usually 25 % -RRB- .


Input: Can I Take Out A Loan On My Life Insurance Policy?

Output: Yes as long as there is loan value in the policy . A life insurance cash value is divided into two parts , the Surrender Value and the Loan value . The Surrender Value is the money you would receive if you cash in or surrender your policy . The insurance is no longer in force . The Loan value is the amount of money you cn loan on the policy . The insurance remains in force and if death occurs the loan amount is subtracted from the death benefit . The loan amount is sometimes different from the surrender amount due to administration charges that may be built into the policy . You can not borrow the full face amount of the policy .


Input: What Health Insurance Pays For Gym Membership?

Output: If you are on Medicare and have a Medicare Advantage Plan it will be much easier to find a plan that pays for Gym membership . Depending on the area you live in , Most Medicare Advantage Plans offers this benefit . I am not aware of an under 65 health plan that offers Gym membership although some may offer discounts .


Input: Can An Employer Ask For Proof Of Auto Insurance?

Output: An employer can ask for anything . Is it required of you to legally provide that information , that can vary from state to state . If you will be driving a company vehicle or transporting company product , proof of insurance may be a requirement for the position being applied for . The employer needs to protect himself , his company and his product utimately .


Input: Is Tricare Reserve Select Good Health Insurance?

Output: Tricare Reserve Select is heath insurance to active military and National Guard , a well as their families . This coverage is not free , so you will pay a monthly insurance premium , though it will typically be less expensive than it would be to purchase coverage through another employer or on the individual health market . It 's hard to say any one health insurance option is `` good '' for all , since everyone 's medical needs vary . I recommend speaking to an agent that can review your personal situation , and make a recommendation based on your needs .


Input: How Much Is A Year Of Homeowners Insurance?

Output: Based on my experience within my geographic location I would say the the average homeowners policy within my area is between one thousand andtwo thousanddollars per year for the most requested coverages . Please remember an insurance policy 's coverage can be as unique as the person purchasing it , which means the pricing can be just as unique . Contact a local agent in your area to discuss your coverage availability and pricing .


Input: Is Zostavax Covered By Medicare Part D?

Output: Yes , Zostavax vaccine -LRB- shingles vaccine -RRB- is covered by Medicare Part D . It is not covered by Medicare Part B . When your doctor orders your Zostavax immunization , you can have the shot at the doctor 's office or take the order to a pharmacy that administers those immunizations in conjunction with Medicare . You will need to pay any applicable co-pays that Medicare Part B does not cover .


Input: What Does Aetna Student Health Insurance Cover?

Output: Most student health insurance plans are quite limited in scope . They normally provide benefits limited to the student health center on campus but may also include benefits for a hospital that is near the campus . These plans usually do not cover pre-existing conditions , or if there is pre-existing coverage there is a long waiting period . Student health insurance plans typically track the school year and terminate in the summer when the school year ends . There are no carry over or runoff benefits .


Input: Does Medicare Or Medicaid Cover Cremation?

Output: Medicare and Medicaid are designed to cover medically necessary exams , diagnostic procedures and treatment protocol for illness or injury . Medicare and Medicaid cover a wide range of treatment including doctor exams , therapy , medication , surgery , hospitalization , emergency care and much more . There are no death benefits associated with Medicare or Medicaid .


Input: How Does An Irrevocable Life Insurance Trust Work?

Output: Generally a person purchases a single premium life insurance policy with the trust as the irrevocable beneficiary . Irrevocable means that the beneficiary can not be changed . The Trust is usually also the owner of the policy preventing the insured from having access to the cash value . This is an excellent way to prepay a funeral without having to commit to a specific funeral home . These types of trusts are used to help protect assets from Medicaid . This type of trust is a funeral trust . There are other types of irrevocable trusts as well . A good agent familiar with care resource planning can help answer more of your questions and provide guidance on asset conservation in the later years of life when preservation of assets becomes more important than accumulation of assets .


Input: How Does An Irrevocable Life Insurance Trust Work?

Output: An Irrevocable Life Insurance Trust -LRB- ILIT -RRB- is the owner and beneficiary of the life insurance policy . As such , the person who took out the policy does not have any incidences of ownership in the policy , and the policy will not go into his/her estate upon death . If done early enough , this can avoid estate taxes paid on the proceeds of the life insurance . However , the trust is irrevocable and the person taking out the policy is no longer the decision maker for the policy , once the trust owns it . So you must use caution and wisdom in setting up an Irrevocable Life Insurance Trust .


Input: How Does An Irrevocable Life Insurance Trust Work?

Output: Ideally the grantor creates an irrevocable life insurance trust -LRB- ILIT -RRB- for the benefit of their targeted beneficiaries . The ILIT must be dated before the life insurance policy date of issuance as well . The ILIT must own the life insurance policy day one . To comply with the law most ILITs use annual Crummy letter notification and sometimes may include hanging powers . Before moving forward with the ownership arrangement of an ILIT consult your legaladviser .


Input: What Is The Average Cost Per Employee For Health Insurance?

Output: Recent studies have indicated that the average cost for an individual in 2014 is $ 328 per month . The reader should bear in mind that this is an average . There are still many factors , such as plan design and geographic location that can cause this figure to vary substantially . However , based upon my experience , this is not an unrealistic baseline number , especially for fully insured Affordable Care Act compliant heath plans . Depending upon your group 's size , characteristics of your employee population and the overall health status of your group , their are options available that my help an employer provide health insurance much more cost effectively . If you would be interested in exploring these options for your company please feel free to contact me for a free consultation .


Input: What Is The Average Cost Per Employee For Health Insurance?

Output: Group health insurance is health insurance a business owns and offers to its employees . The business generally pays for a percentage of the premiums with the employees paying the rest . It 's often offered as a means of attracting people to come work from them . It 's impossible to say what the `` average '' cost per employee is for health insurance . Group health insurance quotes are based on the size of the business , the industrys SIC code , age of employees , and average employee health -LRB- except in Maryland , which requires no medical underwriting -RRB- . There are no instant online quotes for group health insurance for these reasons . To get a quote for group coverage , you 'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place . Having too many `` hands in the cookie jar '' can sometimes make things confusing . Feel free to contact me with any questions .


Input: What Is Plan B Retirement Plan?

Output: I assume you are referring to a 403 -LRB- b -RRB- plan . They are similar to 401 -LRB- k -RRB- plans in the private sector . This type of plan is used for ministers , employees of tax-exempt organizations andsome public school employees . The employer will determines where the plan it setup and the investment options available.Each employee has an individual account anddetermines where the funds are invested subject to the choice limitations of the plan .


Input: Why Does Life Insurance Cost So Much In Texas?

Output: There is no real significant premium difference in Texas , than in any other state except perhaps New York . If you go online with any life insurance brokerage firm , you can generate a spreadsheet that displays the premium of some of the top companies in the country.You can change out the state to compare premium pricing to verify the costs by state .


Input: Why Does Life Insurance Cost So Much In Texas?

Output: Life insurance costs no more in Texas than any other state . You really need to speak with and agent or broker to determine the type of life insurance that best meets your needs . If you are internet shopping on your own , you may not be familiar with the industry terminology or optional plans that can make you look in the wrong places for the wrong kind of life insurance .


Input: Why Does Life Insurance Cost So Much In Texas?

Output: The price of life insurance in Texas , as in the other 49 states , varies according to the age of the person purchasing it , the sex , tobacco use , health , face amount and type of policy . The longer you lock in the premium , the higher it usually is , and the price also goes up as the person ages . So it is not that life insurance costs more in Texas , it is those other factors that affect the rates . You can help yourself get the lowest rate by shopping an online agency that carries lots of choices and that knows how to find the best rate for your unique characteristics .


Input: Why Does Life Insurance Cost So Much In Texas?

Output: Depending on your specific situation life insurance may be expensive . It all depends on your age at the time of purchase , what type of policy you are purchasing and your medical condition . If you have a condition like diabetes , HIV , heart disease or alcoholism then you are limited to what you may have . At ROCO Insurance Agency , LLC we have a group policy that allows up to $ 100,000 in coverage with no questions asked . The only requirement is that you must work a minimum of 20 hours per week . WEBSITELINK


Input: What Is Joint Last To Die Life Insurance?

Output: Joint last to die policies also may be known as second to die or survivorship life . The contract permits two policy insureds on one contract . It was originally conceived after the Martial deduction Actunder the Economic Recovery Tax A ct of 1981 andbecame law allowing the unlimited transfer of assets to the surviving spouse . Therefore , joint last to die polices were created to pay at the second death of the policy insured .


Input: What Is Joint Last To Die Life Insurance?

Output: Joint last to die insurance is offered in Canada . It is similar to survivorship , or `` second to die '' life insurance offered in the United States . The joint last to die policy is owned by two or more people and does not pay out the death benefit until the last insured person dies .


Input: Does High Blood Pressure Affect Car Insurance?

Output: Generally , no it would not . Companies that offer car insurance will look at your age , residence location , driving history and current insurance . They will also of course consider the coverage based upon the year , make and model of your car and , with some companies , the amount of driving that you do .


Input: Does Renters Insurance Cover Broken Electronics?

Output: Renters Insurance is designed to reimburse you the current value or replacement value of items which are damaged due to an unforeseen event such as fire , water damage , etc. . If your electronics just stop working , is broken , it probably will not be covered . If it was broken by a stranger , I would look at your policy to see if that would be covered . As always , reach out to your agent or get a consultation with a reputable agency who can design the best possible coverage . You may have to look at a different type of insurance for `` broken '' items versus damaged from an event .


Input: Does Renters Insurance Cover Broken Electronics?

Output: Breakage is not a covered peril of a policy unless you had an item specifically scheduled for breakage . However breakage means just that , it broke , not quit working . Items like expensive pictures or vases may often be insured for breakage due to there value . An additional premium will be required for this coverage .


Input: Much Does Health Insurance Cost Self Employed?

Output: This is a good question . Health insurance cost will depend upon what company you go with , how many employees you are covering , the type of plan , deductibles , etc. . There are many group plans available , it will depend upon what you want and your budget . I normally sit down with my employers and work out a plan depending on the coverage they want and their budget . If you are the only employee , cost would depend on your age , weight , gender , etc.etc.A broker can help you explore all your options .


Input: Does Nationwide Do Life Insurance?

Output: We do indeed . Nationwide has a pretty complete menu of Life Insurance plans that can be designed to meet just about any need . Since 1926 Nationwide has been offering inurance solutions to individuals , families , businesses and farms throughout the country . Nationwide has been consistantly ranked among the top 25 Life Insurance Companies both in terms of financial stability and admitted assets .


Input: How Much Does Medigap Plan F Cost?

Output: Medigap rates vary considerably by zip code , age , tobacco use and plan . Plan F is the most expensive -LRB- and most popular -RRB- followed by D or G -LRB- depending on your state -RRB- , N then Hi F . The older you are the higher your Medicare supplement rate will be . The exception is for those who are under age 65 and on disability and Medicare . In most states rates for under age 65 are astronomical . Many carriers offer competitive rates from age 65 to 74 . Above age 74 some plans -LRB- surprisingly -RRB- become more competitive while others less so . Tobacco use often adds 20 % to the rate but can be more , depending on the carrier . You can generally find a site that offers `` instant Medigap quotes '' but keep in mind the most competitive rates are usually not illustrated online . #MedigapPlanFRates #MedicareSupplementPlanFRates #GeorgiaMedigapPlanFRates #GeorgiaMedicareSupplementPlanFRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: Does Home Insurance Cover Furniture?

Output: A typical Homeowners ' Policy provides coverage for your dwelling and personal property along with liability protection . Furniture would be covered under the personal property portion of the policy and subject to all the terms and conditions of your policy as well as the policy deductible . It is best to talk to your Insurance Professional about all of the elements of your policy .


Input: Does Home Insurance Cover Furniture?

Output: Your home insurance covers your furniture as part of the personal property benefits . Typically , they are approximately 50 % -80 % of your dwelling amounts . Replacement cost is also often included , which allows you to replace your belongings withoutdepreciation . Many other items are included on the policy such as dwelling , other structures and loss of use .


Input: What Is Dollar Cost Averaging In Annuities?

Output: Dollar cost averaging into an annuity is the generally associated with monthly the purchasing of equities and bond investments inside separate sub accounts in variable annuities . Dollar cost averaging can level the net asset value purchase price by the monthly frequency of buying low and/or high through the year . It is a great beginners strategy for those who have monthly cash flow and little lump sum deposit ability to invest with .


Input: Where Can I Find Affordable Health Insurance?

Output: That is a great question ! The best place to start is at the Affordable Care Act -LRB- Obamacare -RRB- site , WEBSITELINK once open enrollment reopens . The Act allows for subsidies for those who qualify -LRB- and a great many do -RRB- for helping with the expense of the health care coverage . The discounts can be very steep , and those subsidies may not be available through a private insurer . It never hurts to shop around first , so you have something to compare . Thank you for asking !


Input: Where Can I Find Affordable Health Insurance?

Output: Affordable health insurance is available for individuals , families and small business owners . But where do you find it ? Utilizing an experienced broker that has a top-rated website is your best resource and I stake 33 years of experience as a broker on that fact . Although the government healthcare website is an option , the risk of glitches , security issues , delays and lost information is still a problem -LRB- although it 's getting better -RRB- . But just as importantly , you can NOT view or compare `` off-Exchange '' plans by going to the government website . That 's why shoppers that want expert advice and the best rates use a broker -LRB- no fees of course -RRB- . If you qualify for a full federal subsidy , your premium may actually be $ 0 . Otherwise , your rate depends on many factors , including your age , where you live and the type of plan you purchase . Did you miss Open Enrollment because you forgot ? A short-term plan -LRB- not offered on government website -RRB- may be the answer .


Input: Where Can I Find Affordable Health Insurance?

Output: `` Affordable '' is a relative term . Prices have gone up since the government has mandated that all plans contain certain benefits , such as maternity coverage . On the other hand , if you 're eligible for a subsidy , that could bring the price back down . Having said all of that , I think the best way to find the most affordable coverage is to call a local insurance broker as they 're already familiar with the landscape .


Input: What Is Cost Of Long Term Care Insurance?

Output: The cost of long term care varies from company to company and is effected by claims from current policy holders . But the real price impact is your personable specifications , health and behavior such as gender , age , smoking status , health history , current medical condition , recreational activities , motor vehicle violations to name a few . All these data points contribute to the cost of long term care .


Input: Can Auto Insurance Companies Deny Coverage?

Output: Yes . They can deny you as long as the reason is not discriminatory . Insurer 's have specific sets of rules that they file with the states they operate in , that dictate who will be able to get what sorts of rates . As long as they apply those same rules fairly to everyone they can turn you down if you do n't fit their profile . If you are having trouble getting insurance due to driving record , criminal convictions etc , most states have a high risk pool that will accept anyone , but the rates may be very high . The insurance company that denies you does have to provide you a reason why they are denying you !


Input: When Should I Get Car Insurance?

Output: Great question ! You will need an auto insurance policy if you or anyone else will be driving the car . I would advise that the car be covered if it is not going to be driven , but is in an area where it might be hit or vandalized if it is parked . If you have any risk of having to pay for the damage done to the car , then you may want to have it insured . If you need help , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Will Life Insurance Cover Natural Death?

Output: Yes , Life Insurance covers Natural Death . It also covers Accidental Death . There is both Term and Whole Life Insurance , and they both cover both . Some folks buy only accidental life insurance , which may be foolish , when you consider the odds , and the low cost of life insurance that covers any death . Only suicide is excluded and then only for two years for both policies . New York Life offers a wide range of Life Insurance Products . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: Will Life Insurance Cover Natural Death?

Output: Yes , life insurance covers natural death . That is death that occurs due to an illness , or what some call `` old age '' . Life insurance also covers accidental death , whether it be directly due to an accident , or to a health complication from having an accident , or even an accident that is caused by a health condition .


Input: Can My Life Insurance Policy Be Canceled?

Output: Generally after a life insurance policy has been placed in force , cancellation is due to the non payment of the modal premium . If it also possible that information , unknown at the time of issue that would have altered the premium amount or would have been declined under full disclosure could be subject to cancellation .


Input: Can My Life Insurance Policy Be Canceled?

Output: You do n't have to worry about your life insurance being cancelled . A life insurance policy that was put into effect ethically will stay in effect whether you contract a life threatening disease , whether you travel to Syria , or whether you start to take drugs . No one would buy life insurance if the company had the option to cancel it on you whenever the risk changed in your life . However , you do have to keep your policy in effect through payment of the premiums -LRB- unless it is a paid up policy or using cash value to pay premiums , so that no more payments are needed -RRB- . If you get cancer and miss two payments of a term policy -LRB- and missing payments is very easy to do when people are hit with a serious illness -RRB- , you will not be getting that policy back by filling out reinstatement paperwork . So take extra care to let the insurance company know when you move or if you change banks so that your policy never lapses due to nonpayment .


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: How do you convert a term policy to whole life ? The best way is to contact your agent or if you do n't have one , the company directly and they will assign you one . Usually a conversion is nothing more than filling out a single page . For a lot of people this is great deal because you no longer have to prove your health . So if your health is bad conversion is a great idea .


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: Most term life insurance policies have a convertible provision to permanent life insurance or in most cases whole life . This is a great feature for those who now have health issues which could cause them not to get a good rate on life insurance or even uninsurable all together . I would contact your agent . It may make sense to convert all or part of your term to perm . If you are still in good health it may make better sense to purchase whole life new and replace the old term policy . In most cases convertible term is not the most affordable option if health is not an issue . Your term life carrier is assuming risk with conversion and that does come at a price . Just be sure to weigh all of your options before converting . Good luck !


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: First , `` converting '' a Term policy to Whole Life is n't what it sounds like . In most cases there is a time limit by which you must `` convert '' otherwise you loose the one benefit of this kind of conversion . Some , -LRB- very few -RRB- , providers will actually credit a small amount of what has been paid into the Term policy to the new Whole Life policy as long as you 're converting with the same provider . When `` converting '' from Term to Whole Life within the allotted time frame , the one benefit that is being `` converted '' to the new policy is the `` classification '' of the insured . In other words if the classification was `` Preferred '' or `` Standard '' , -LRB- whatever the classification was -RRB- , with the Term policy , that same classification will be given to the new policy without having to have another medical exam or underwriting . But the premium for the new policy will be adjusted to the attained age of the insured as well as the benefit amount . So how do you go about converting your Term to a Whole Life ? Contact your agent or the provider , let them know that 's what you would like to do . You may be able to or you may not be able to . In either case you most likely will loose any money paid into the Term policy .


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: That is a great question ! Your policy should have a clause that outlines the details of your conversion process , but here 's what you want to do . If you purchased the policy through an agent , contact them and let them know what you are wanting to do . They will then tell you if your policy is convertible , and if so what that conversion will buy for you in a whole life policy . You should be aware that your coverage amount will be much lower , and if you want to keep the face value that your premiums will become much more expensive . Whole life policies are more expensive than term policies are because of their cash accumulation features , and the higher risk to the insurer - they do n't have to pay out on many term policies , but have to pay out on nearly every whole life one . Decide where your budget allows , and what minimum coverage you want to keep , and have your agent work with you on getting as close to those numbers as possible.I think the conversion is a great idea . If you have questions , please do n't hesitate to contact me , okay ? Thanks for asking !


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: Such a conversion may be possible so long as your term policy includes such a provision . Talk to your Insurance Professional about your contract and whatever options and benmefits may be included in it . In many cases , you may find that you can convert all or a portion of your term coverage into whole life or other form of permanent life insurance . In many cases , this conversion benefit also states that you can do so without having to provide any proof of `` insurability '' , in other words , without any physical exam or reports by your Doctor being needed . Understand that if available , the conversion would take place at your current age and the rates applied accordingly so the younger you are when you decide to take advantage of this option , the better off financially you will be .


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: Converting Term to Permanent Insurance requires several things : 1 -RRB- Your policy must offer that provision ; 2 -RRB- You must take advantage of that provision in the time frame allotted -LRB- each policy has its own deadline to convert - such as within x number of years or by a certain age -RRB- ; 3 -RRB- You can only convert up to the face amount of your current policy , and there will be a minimum face amount , as well ; 4 -RRB- You must convert to the type of policies offered for conversion by your insurance company -LRB- some allow you to convert to any of their permanent products , while others may offer a very narrow range of policy choices to convert to -RRB- ; and 5 -RRB- You may or may not be able to keep the remainder of your coverage in Term insurance . If your agent is no longer around , contact an agent you trust and give them permission to contact your insurer and develop some options for you . By understanding minimum face amounts , premium `` banding '' , and other features offered by that carrier , a knowledgeable agent can get you the most bang for your buck . E.g. . If you are in good health or still want Term insurance , you may be better off getting a new policy . If you are in poor health , you may be able to save money by converting to a policy guaranteed not to lapse for a limited number of years , rather than paying for a lifetime guarantee . Conversions are easy to execute but can be complicated to decide , so having a consumer driven agent in your corner can really help .


Input: How Do You Convert Term Life Insurance To Whole Life Insurance?

Output: Here is a simple 2-step formula to follow : 1 . Get prequalified for coverage with another carrier so you can compare prices . This way you will confirm that the premium you will be charged for conversion is the best available . 2 . Depending on the results of that analysis , either apply with the new company or simply fill out a conversion application with the term carrier . There you go . Either way , you will know you have made the right decision :-RRB-


Input: Can We Get Auto Insurance Without A Car?

Output: I 'm not familiar with policies in California , and I 've never heard of a `` drive other car '' policy . But in most states , the answer below would not be true . For non-vehicle owners in most states , the driver would need what is called a `` named operator 's '' -LRB- aka non-owners -RRB- policy . Some states also have what is known as a `` broad formed named driver policy '' . Either of these policies will cover a driver who does n't own a vehicle . There is also another rare type of policy for non-owners called a financial responsibility bond -LRB- I believe Ohio is the only state that has financial responsibility bonds -RRB- . But contrary to the answer above : 1 . the vehicle owner 's auto insurance is the primary insurance , and the non-owners policy is secondary . 2 . these policies will not work for rental vehicles because these types of policies do not offer comprehensive and collision coverage , both of which a rental company is going to require . The only coverage these policies offer are liability , uninsured motorist and medical payments coverage .


Input: Can We Get Auto Insurance Without A Car?

Output: You most certainly can get auto insurance without a car . If you needed toborrow , test drive , rent , or lease a vehicle for whatever reason you would purchase what is called a drive other car policy . It covers you for driving the car that you dont own . This coverage would pay claims first in the event of a claim . The insurance that the owner of the car carries on the car would pay secondary .


Input: Can We Get Auto Insurance Without A Car?

Output: It may be possible yes . Talk to your Insurance Professional about the availability of a `` named non-owner '' auto policy . This form provides coverage for what you may be legally liable to pay in the event that you cause an accident with a non-owned private passanger car . It will not provide any physical damage coverage -LRB- Comprehensive or Collision -RRB- for any damage done to the car you are driving , it is strictly for liability only coverage if you damage another car or stationary object or cause injury to another person or persons .


Input: Can We Get Auto Insurance Without A Car?

Output: If you rent or borrow a car that isnt yours , a non-owned auto policy will protect you for amounts that you are legally liable if you have an accident . This policy does not provide for damage to the vehicle you have rented or borrowed . If the car you are renting or borrowing has insurance , that insurance will pay before your non-owned auto policy pays .


Input: Is Homeowners Insurance Covered In Mortgage?

Output: Your mortgage company may require that your Homeowners insurance is paid from an escrow account which they set up for you at the time of your purchase . So if you mean is Homeowners Insurance included in your monthly mortgage payments , along with principal , interest and in many cases , property taxes , then yes it is .


Input: Is Homeowners Insurance Covered In Mortgage?

Output: As Tom indicated , the mortgage departments at many banks arrange to escrow monies for insurance and taxes in addition to the monthly mortgage payments . You may have heard of PITI -LRB- pronounced `` pity '' -RRB- in relation to mortgage payments . This acronym describes the four components of the mortgage payment : Principal , Interest , Taxes and Insurance . In some cases , however , homeowners may pay the insurance premium directly to the insurance broker or agent .


Input: Will I Be Taxed If I Don't Have Health Insurance?

Output: Beginning in 2014 , under the new affordable care act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years .


Input: Will I Be Taxed If I Don't Have Health Insurance?

Output: The answer to whether you will be taxed if you do n't have health insurance is no and yes . No you wo n't be taxed , but you will have to pay a penalty . The penalty is called a `` fee '' . The fee is $ 95 per person , or 1 % of your household income up to the national average of a bronze level plan . President Obama promised not to raise taxes to fund the Affordable Care Act . The Supreme Court ruled that the federal government could not impose a penalty on people not purchasing a policy , but could impose a tax . The IRS is charged with collecting the `` fee '' that is neither a penalty or a tax .


Input: Will I Be Taxed If I Don't Have Health Insurance?

Output: That is a great question ! While you wo n't be taxed per se , you will have to pay a penalty for not having it . The penalty is $ 95 , or 1 % of your household income , and increases each year . The purpose behind the penalty is to get more people to enroll , and thus assume more responsibility for their health care . too many uninsured people were having their health care paid for by the rest of us , in the form of higher costs . Thanks for asking !


Input: Will I Be Taxed If I Don't Have Health Insurance?

Output: Yes , No and Maybe . Now , are we all clear on that ? The simple version of things is that failure to comply with the individual mandate will trigger a penalty for an adult of $ 95 or 1 % of Adjusted Gross Income -LRB- whichever is greater -RRB- . And , if the average citizen knows anything at all about ObamaCare then this is probably the piece they know about . As with so many aspects of ObamaCare , when one gets down into the details the picture gets less clear . First , there were certain groups excluded from ObamaCare and the individual mandate from the law 's very beginning -LRB- members of certain faiths such as the Amish , people enrolled in health care sharing ministries and Native Americans are prominent examples -RRB- . You are also exempted from the individual mandate penalty if the lowest cost marketplace option in your area is more than 8 % of your family income or you fall below the tax filing threshold . As the law has continued to `` evolve '' there has been a new class of exemptions granted by the IRS for `` hardship '' exemptions . This IRS form provides 14 different hardship exemptions a taxpayer can claim to avoid paying the individual mandate penalty . Some are rather narrowly constructed and have an obvious logic to them , the exemption for being homeless for example . Others , are worded in ways that can leave a lot of room for creativity . Some of my favorite hardship exemptions are ; 1 -RRB- You received a shut off notice from your utility company . -LRB- So , do n't pay your gas bill for a couple of months , get a shutoff notice then pay your bill , and you qualify for a health penalty waiver - can anybody foresee lots of people having `` cash flow '' problems on their utility bills in the years to come ? -RRB- 2 -RRB- You experienced the death of a close family member . -LRB- Yep , that 's it . Does n't really define the time line , what `` experienced '' truly means , what does `` close '' mean and how far out on the family tree can you go and still say someone was a family member . The potential for creativity in this area is hilarious to anticipate . -RRB- 4 -RRB- Your individual plan is cancelled and you believe other marketplace plans are unaffordable . -LRB- When it comes to belief , do any of us really believe that health insurance is affordable ? What is my belief predicated on ? Will my belief be viewed differently if I am a Tea Party donor or a supporter of the Occupy movement ? -RRB- 5 -RRB- You experienced another hardship in obtaining health insurance . -LRB- I agree that brevity is the soul of wit but this may take things to the extreme . What 's a hardship to one person is an inconvenience to another . Dust off your creative writing skills , I can foresee lots of tales of woe about losing your dog of 15 years -LRB- hey , the dog meant more to me than some close relatives -RRB- , that you only have dial-up internet , why the mind runs wild with the possibilities ! So , will you be penalized on your 2014 taxes in 2015 if you do n't have acceptable health insurance . Technically , yes . In practical terms , many people will be able to claim an exemption and that will significantly dilute the anticipated revenue stream -LRB- and the government has already included individual mandate tax penalties in its cost projections for ObamaCare -RRB- from and the practical effect of the individual mandate on people 's behavior . In many ways you will have to be almost actively seeking out the opportunity to pay the tax penalty or be in that place in life where you are getting by financially without a health insurance payment and not much of anything that could smack of a hardship occurs in your life . For a lot of other people , some life circumstances during many years of their lives will let them take a pass on the penalty . You can bet the tax preparation services are going to be going great guns on this , they 've already started trying to help people enroll . It 's only logical to extend that to making sure every hardship their client is entitled to is reported .


Input: How Long To Keep Life Insurance Statements?

Output: There is no rule for this other than to say that we recommend a life insurance policy review at least every three years or annually in some circumstances . Thus , you would need to retain the annual statements for at least three years or longer . Sometimes annual statements are all the family ends up finding in the event of a lost policy so the more of those statements you keep , the better .


Input: Where To Buy Long Term Care Insurance?

Output: The long term care insurance company list is somewhat short as many carriers have left the long term care market . But those who remain appear to be in the market for the long haul . There are several online brokerage firms that represent the players in long term care . Most of these distributors have comparison spreadsheets and have a degree of objectivity in their recommendations .


Input: Where To Buy Long Term Care Insurance?

Output: Long term care insurance can be bought from agents licensed in health insurance . Many of the same companies who offer long term care insurance also offer life insurance . So try contacting a website or office that sells either of these products to see if they also sell long term care insurance .


Input: When Should I Drop My Disability Insurance?

Output: If you have enough money saved up that you could live comfortably without your income , you could considering dropping your disability insurance . However , any time that someone becomes disabled , there are other costs associated with it , as well -LRB- medical bills , travel to doctor appointments , etc -RRB- . And as you age , your chances of becoming disabled increase . So you may never want to drop your disability insurance .


Input: Does Depression Affect Life Insurance Rates?

Output: Depression history can affect life insurance rates . Underwriting guidelines for many companies have lightened up over the years , so a standard rate -LRB- and even preferred in some cases -RRB- is attainable . A number of factors can influence the risk classification -LRB- the risk class determines the premium -RRB- a person qualifies for with a given carrier when they are being treated for depression such as severity level of depression , medications used , any hospitalizations -LRB- and when -RRB- , any suicide attempts or consideration of suicide , usage of alcohol and/or tobacco . Please note , the risk class is also dependent upon your age , gender , height/weight profile , any other medications and conditions , family medical history , and the results of the exam -LRB- if applicable - however , with a history of depression you will have a much better chance of getting lower premiums through a fully underwritten policy with an exam than a no-exam program -RRB- . Each carrier has their own underwriting guidelines so you do n't want to apply with a bunch of companies to see what sticks - this works against you as it 's a red flag to the company when they conduct their MIB check -LRB- MIB - Medical Information Bureau -RRB- . The best thing you can do is to consult with an experienced life insurance broker who can work with you on a personal level and shop the case for you - we do not charge any fees for our services . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: Does Depression Affect Life Insurance Rates?

Output: Depression may or may not affect life insurance rates . There are companies that will rate Preferred for persons with mild depression that is controlled by one medication , has been stable for over a year , and for which there has been no associated hospitalization or loss of work due to depression . At the other extreme , policies can be declined if there has been a recent suicide attempt or if the applicant is on disability due to depression . In those cases , there are usually simplified issue policies available , but the rates are higher . To get the best rate , shop with an impaired risk agent that specializes in life insurance for persons who suffer from depression . The last thing someone with depression needs is getting declined for a life insurance policy , or paying way more than they should have to pay . An experienced agent can help you avoid that .


Input: Does Depression Affect Life Insurance Rates?

Output: That is a great question ! Depending upon the circumstances surrounding your depression , then yes , it may . If you had a spouse pass away early in your marriage , and that brought on a period of depression that was treated , and years later has not returned , then it probably would n't . If it is a persistent problem , and you are taking the meds for it , it can either cause your policy to be declined , or rated -LRB- come with stipulations on the payout , and increased cost -RRB- depending upon the company . A good agent can help you find a company that can help you with an affordable policy . If you 'd like some help privately , please contact me , I can help . Thanks for asking !


Input: Does Depression Affect Life Insurance Rates?

Output: Yes , underwritten life insurance policies do consider depression when determining rates . Remember that underwriters look at every aspect of a life to determine risk of dying . There are many different levels of depression and that is what the insurer wants to see . Is the depression caused by a situation , chemical imbalance or is it clinical ? Is it mild , moderate or severe ? Is there a history of hospitalization or suicide attempts ? Also , the types of medication and length are all going to be factors in determining your life insurance rates .


Input: How Can I Get My Own Medicare Card?

Output: First , you must find out if you are eligible for a Medicare Card . Medicare.gov use an online calculator to determine who gets a Medicare Card . You enter your date of birth on this website . To qualify , you must pay Medicare taxes for at least 10 years . You also have to be age 65 or older . Individuals can qualify if they also have a special condition or if they are disable under the Medicare definition . You can visit your local social security office or call 1-800-325-0778 to find out how to get a card . Basically , on the website , you sign-up and then you choose a plan or the coverage you need . Then , fill out the initial enrollment form questions and Medicare will send you a card .


Input: How Can I Get My Own Medicare Card?

Output: Social Security determines if and when you are eligible for Medicare . If you -LRB- or your spouse -RRB- have worked in the Social Security system long enough to earn the proper credits , you have earned your Medicare card . In most cases Medicare will send your card to you about 60 - 90 days in advance of your 65th birthday .


Input: What Is The Best Retirement Investment Plan?

Output: What is the best retirement investment plan ? The best is the one that you will actually DO . A plan does n't matter if the person does not create the habit of consistent funding of the plan . The best retirement plan is actually the discipline to save . It does n't matter as much where a person does this as it does that they actually save . `` Best '' after creating the habit of saving is the plan that fits your `` risk '' tolerance , which is different in each person .


Input: Who Has The Best Immediate Annuity?

Output: Unfortunately , there is n't one company that is best in the immediate annuity marketplace . Different companies are more and/or less competitive depending on demographics . A company might have better rates for women than men or for someone in their 60s versus someone in their 80s . Some companies also offer inflation adjustments while some do n't . Some companies even allow some access to monies already annuitized . It really depends on the person and their situation . It is best to work with an independent broker that can show you some of the top companies with the top rates so that you can pick what is best for your situation .


Input: Who Has The Best Immediate Annuity?

Output: Who has the best immediate annuity ? Well , last year , last month , last week , yesterday , today , tomorrow ? Rates change , companies move from best to 5th or 6th place in a week . You have to simply take other factors in beyond todays rates for your choice . Financial strength is important to look at as you want your annuity company to live longer than you do . What might be better is to pick from 3-5 companies whom you trust their financials and terms and as you get close to your move , make your decision .


Input: Why Is It Important To Have Renters Insurance?

Output: A renter assumes liability over the property that they rent . If someone is injured on the property , they might sue you . A lawsuit could ruin you financially . If the unit that you rent is destroyed by fire , all of your personal property inside the unit is also destroyed and other than a renters policy no one is going to help you . The landlord is not responsible .


Input: Can Pension Plans Be Transferred?

Output: There are conditions under which the assets of a pension plan can be transferred to either another pension plan or to an Individual Retirement Account -LRB- IRA . -RRB- Pension plans have vesting schedules which might limit the amount of the pension that can be transferred . It is best when these transfers are conducted between trustees . It is more complicated if the employee receives the funds in cash .


Input: Can Variable Annuities Lose Money?

Output: A non-qualified variable annuity is an insurance policy and a security product with separate sub accounts with access to market equity and bond investments that can lose money in bad economic conditions . In addition , the guaranteed account that credits a current interest rate may not be enough overcome the variable annuity policy expense loads , so even the guaranteed account minus the policy expense could end up in a loss . Product suitability needs to be established by performing a personal financial profile that includes a risk tolerance assessment and financial planning goals .


Input: Is An Investment Advisor Representative A Fiduciary?

Output: A fiduciary generally handles other peoples money . The key is the authority that has been extended to the person involved . Many sales representatives have little to know authority or opportunity to actually receive money from a client . The other issue would be if the representative has authority to conduct business on behalf of the client .


Input: Is An Investment Advisor Representative A Fiduciary?

Output: That 's a great question ! The answer depends upon what powers you have legally granted them . If you have granted them the right to handle your money , and do business on your behalf , then they are . If all they are allowed to do for you is give advice , but not touch your assets , then they are not . I hope that helps , thanks for asking !


Input: How Does A Deductible Work On Home Insurance?

Output: When a loss occurs and after coverage is confirmed for the particular loss under the homeowner policy , assuming all policy conditions have been met , the amount paid to the policyholder is the total amount of the loss , less the policy deductible . The policy deductible is clearly stated on the declaration page of the policy .


Input: Does Medicare Cover Nose Jobs?

Output: Medicare will cover corrective surgery that is considered medically necessary . If you have an injury to your nose , Medicare may cover surgery required to return you nose to the `` original '' condition . In other words , surgery to repair the FUNCTION of the nose , not the appearance . Similarly , if you have an illness such as deviated septum or skin cancer that requires surgery -LRB- including reconstructive -RRB- , Medicare will most likely cover the cost of surgery . But surgery strictly for cosmetic reasons is not an allowable claim .


Input: How Long Does It Take To Receive Money From Life Insurance?

Output: There is a process to receiving a death claim on one 's life insurance . You will need to fill out the life insurance company 's claim form . Usually you can either call the company , your agent or most company 's now have a downloadable form on their website . You will need a certified copy of the death certificate . Usually either a hospital or funeral home will initiate this process for you . Depending on where you live , this process is one to three weeks . Once you have these documents ready and delivered to the life insurance carrier , you can expect one to two weeks to process and cut the check . However , if the insured dies within the first two years , known as the contestability period , it can trigger an investigation into cause of death . If this occurs , the process can be months and can even denied which means the insurance company , by contract , only has to refund paid premiums plus interest .


Input: How Long Does It Take To Receive Money From Life Insurance?

Output: Assuming the monies from life insurance are the death proceeds , it will generally take a week or two from the time a death certificate and claim form have been received by the life insurer . If death occurred in the first two policy years , the policy is within the contestability period . In these cases , the insurer investigates the claim more thoroughly so it might take a little longer .


Input: How Long Does It Take To Receive Money From Life Insurance?

Output: In order to process the claim on a life insurance policy , you need to request claim forms from your agent or life insurance company , fill them out , and return them with a certified death certificate . Getting the death certificate -LRB- the funeral home will often handle this for you -RRB- can take a couple of weeks . Once all that is submitted to the insurance company , the death benefit is usually paid fairly quickly .


Input: How To Get Home Health Care Medicare?

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


Input: How To Get Home Health Care Medicare?

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


Input: How Much Should We Spend On Life Insurance?

Output: With life insurance , it is more helpful look at how much your beneficiaries need , then determine if you can fit that amount into your budget . Life insurance costs more at higher ages , for those with health conditions , and when the premium is locked in for a longer time . Prices also vary if the policy is just being used for death protection , or if it also being used to generate cash values to borrow from in the future . For all these and more reasons , it is impossible to dictate what amount should be spent on life insurance across the board .


Input: How Much Should We Spend On Life Insurance?

Output: Some agents may say that 5 % -LRB- or maybe 7 % and even up to 10 % -RRB- of your annual earnings should be allocated toward life insurance premiums . This is dependent on individual circumstances and one of the first things you need to identify when looking for individual life insurance . In figuring out your life insurance needs , you should determine how much life insurance death benefit your beneficiaries will require . Then shop and compare quotes to get an idea of how much that amount life insurance coverage will be . Budgeting and planning for how much you want to allocate toward life insurance is important . To manage your life insurance policies efficiently reassess your need for life insurance every two to three years .


Input: Can You Buy Into Medicare After Age 65?

Output: You can buy into Medicare after age 65 . There is a general enrollment period between January 1 and March 31 of each year during which you can sign up for Medicare . If you are not eligible for free Medicare Part A , the premium you pay may be higher than if you had signed up at age 65 . However , if you did not sign up for Medicare Part A and/or B due to being covered by a group health plan , you can enroll without penalty in the 8 month period after your quit working or the group coverage ends .


Input: What Causes Car Insurance Rates To Go Up?

Output: There are many factors that can effect auto insurance premiums . Some in your control and some out of your control . Here are some but keep in mind , this is not an exhaustive list . In your control would include the type of vehicle you drive , coverage 's you wish to carry and most importantly your driving record . Other factors could be education , marital status , annual mileage driven and packaging polices with any one insurance carrier . Out of your control would be your age , and if the insurance carrier has a rate filing to increase rates due to over all loss ratios . Insurance is consultative . I recommend you always sit down with an experience agent who can review all your insurance needs and best find you the right insurance carrier who can get you the right coverage 's and the best premiums .


Input: Does Health Insurance Typically Cover Otoplasty?

Output: Health insurance may cover otoplasty , although in most cases it does not . If it is considered cosmetic -LRB- and usually it is -RRB- , it may not be paid or covered under a typical policy . However , all plans are different and you should always check with your carrier and inquire about benefits . If it is not for cosmetic reasons , that will help your chances .


Input: What Is The Cheapest Renters Insurance?

Output: The cheapest renters policy is the one that pays the maximum amount allowable at the time of claim . Regardless of the premiums paid the coverage at the time of loss will be critical . The place to buy this policy is from a trusted insurance agent . If you dont have a trusted agent , get recommendations from friends , family and colleagues . The agent should listen to you , provide sound financial advice and communicate clearly with both you and the insurance company .


Input: What Type Of Death Does Life Insurance Cover?

Output: A standard life insurance policy whether it is whole life , universal life or term covers all causes of death . The only exception is suicide which is excluded in almost all policies for the firsttwo years . After two years in force suicide is covered as well . Accidental life insurance or accidental death and dismemberment -LRB- AD&D -RRB- policies only cover a cause of death by accident . Modified life insurance polices such as guaranteed issue plans cover all causes of death but the death benefit is graduated based on time in force .


Input: What Type Of Death Does Life Insurance Cover?

Output: Life insurance is a simple contract . In exchange for you paying the premiums , the company promises to pay your beneficiary a certain sum when you die . If the company decides to exclude anything they notify you in the contract -LRB- suicide -RRB- and often will require that an amendment be signed to verify that you understand any additional exclusion .


Input: What Type Of Death Does Life Insurance Cover?

Output: Unless you have an accidental death policy , your Life insurance would cover any type of death . Some policies may exclude war or act of war . Most policies also have a two year suicide clause , stating they will not pay if you commit suicide within two years of policy issue . There is also a two year incontestability clause which gives the insurance company the right to contest the pay out if they feel that there was erroneous information provided on the application that was relied upon to issue the policy within two years of policy issue . .


Input: What Type Of Death Does Life Insurance Cover?

Output: Life insurance covers death due to accident , injury , illness , and old age . The only thing it does not routinely cover is suicide during the first two years that the policy is in effect . Some policies may exclude death caused while committing a felony , acts of war , r other similar , unusual circumstances . But those type of exclusions have become less common . Rather than pay an extra cost to insure some high risk activities such as piloting small planes or deep sea diving , some people will opt to have an exclusion placed on their policy for that particular activity . Unless it is spelled out , though , your life insurance policy covers death by any reason except suicide in the first two years .


Input: What Type Of Death Does Life Insurance Cover?

Output: Life insurance will cover death by any cause , except suicide . However , it will even cover suicide if it takes place more than two years after enrollment . It is not just limited to accidents , as some other policies are . In a plane crash , covered , car crash , covered , run over , covered , cancer , covered , heart attack , covered . The point is , you are best off with all inclusive life insurance , and not just protection against cancer , etc. . Thank you . GARY LANE .


Input: What Type Of Death Does Life Insurance Cover?

Output: Life insurance can cover death in one of two ways : 1 -RRB- Full coverage 2 -RRB- AD&D Full coverage means that the life insurance policy will pay out a death benefit regardless of whether death occurs by illness -LRB- including old age & natural causes -RRB- or injury . This is the most common type of life insurance that is purchased because a person is much more likely to die due to illness than they are by an injury -LRB- e.g. car accident or a plane crash -RRB- . AD&D is short for Accidental Death & Dismemberment . This kind of life insurance , while typically cheaper than full coverage , only pays out a death benefit if death occurs due to injury -LRB- the types of injuries that are covered may be outlined in the plan as opposed to general language -RRB- . Given that the average person is much more likely to die due to illness than they are from injuries , full coverage is a much more desired option for people . If a person dies by illness and has an AD&D policy , this coverage will not pay out a death benefit . It 's important to consult with an experienced life insurance broker to compare your options and help you determine the type , amount , and length of coverage that will be most suitable to your needs and budget and which carrier can offer that coverage at the lowest rates . 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: What Type Of Insurance Should I Get When Renting A Car?

Output: While it may be true your own liability , comprehensive and collision coverage may extend to cover you when renting a car , most of the rental agreements I have read make the renter responsible for expenses not covered by most auto insurance policies . In addition to the responsibility for the deductible , most rental companies make you reimburse them for the loss of value to their damaged car , the revenue they lose while the car is out of service and even the administrative costs they incur having the car repaired . These costs are not covered by most auto insurance policies . Remember you gave them your credit card and permission to put those charges right on your card . That might make your trip one you will remember ! And the damage to the rental car might not even be your fault ! Unless you have a good personal umbrella policy without a following form auto limitation and/or personal property care custody or control exclusion , I suggest you consider buying the damage waiver rental companies offer . The price is ridiculously high but it avoids an argument with a big company who would have your money and doesnt like to give it back . If more people would read the rental agreement and object to accepting responsibility for these costs , maybe the rental companies would remove these indemnity clauses for many of their good repeat rental customers . Until then it may be a matter of Pay me now or Pay me later .


Input: What Type Of Insurance Should I Get When Renting A Car?

Output: Talk to your insurance professional about the coverage you already have in your auto insurance policy . In most cases , the coverage you have extends over to any car you may be driving temporarily and if that is the case , save your money on the rental agreement . Be sure they your policy included both Comprehensive and . Collision though . One other thing to consider is your credit card . Many include coverage for a rental up to $ 500 which may be enough to cover your deductible in your policy , saving you money there too .


Input: How Safe Is It To Invest In Annuities?

Output: The historical record of annuities is excellent . An annuity is issued by an insurance company . Insurance companies are subject to state regulation in the state where the contract is issued and in the state where the company is domiciled . Each state has provisions designed to ensure the ability of the companies admitted to meet all of their promises .