Input: Is Life Insurance Loan Taxable?

Output: Life insurance policy loans have the potential to not be taxable . Unlike withdrawals , policy loans are not distributions . With loans you are borrowing part of the cash value in your own policy . You do n't pay tax currently on the loan amounts you take . The loan balance grows and , should death occur before the loan is repaid , it is repaid from policy proceeds making the loan non taxable . However , if the policy were to lapse while a loan balance exists , income tax would be payable to the extent of gain in the contract in the year of lapse .


Input: How Does Disability Insurance Work For Maternity Leave?

Output: This is a very common question and the answer is that it depends on the carrier and its definition of total disability . Normal pregnancy is not considered a disability by some carriers . In fact , it is clearly excluded from coverage in the contract . For others , as long as it falls into their definition of what constitutes a total disability , they will replace income after the elimination period is satisfied . The definition of disability is key . A typical definitionmight be something like `` the inability to perform the usual and customary duties of the occupation -LRB- job -RRB- in which the insured is working at the beginning of a disabling event ... '' A less favorable definition would add the words , `` and is unable to work in any other occupation . '' Since many women are able to performthe primary duties of their occupation during the first two trimesters of a normal pregnancy , some carriers do not automatically consider a leave for pregnancy a trigger point to replace income . And , if they do , 90 days is a typical elimination period - a kind of `` time deductible '' before one qualifies for benefits - most women would probably not satisfy the elimination period before the baby was born anyway . If there were complications resulting from pregnancy , then that 's a whole different situation , and if they started to occur early enough in the pregnancy and did qualify under the definition of disability , the elimination period would theoretically start sooner and benefits might be paid out before birth . If you are beginning a new job and think you might become pregnant or intend to become pregnant during the time you are employed with that company , be sure to ask Human Resources if the company provides disability insurance as a group benefit and if the coverage includes normal pregnancy .


Input: How Much Is Globe Life Insurance?

Output: The price of Globe Life Insurance depends on the type of policy you purchase , your age , gender , and other factors . So it is impossible to state a dollar amount for Globe Life Insurance . While the company offers some good rates , their choices for coverage are not too extensive . So you may want to contact Globe to see what rate you can get , then compare it with other companies using the quote engines provided on many websites .


Input: Who Owns Anthem Health Insurance?

Output: Anthem health insurance is part of the Wellpoint group . They are one of the largest health insurers in the country and offer health plans in many parts of the country . I hope the information is helpful - please feel free to contact me for further assistance and if you have any other questions . Thanks very much .


Input: Why Is Car Insurance More Expensive For Women?

Output: Car insurance is not more expensive for women . But perhaps it should be because I was the best driver growing up among myself and two sisters . But typically , males -LRB- especially under age 25 -RRB- cost much more than females -LRB- all other factors being equal -RRB- . If you have three or four young boys in your household , all not quite driving age ... you better contact an experienced broker to help plan for those rate changes !


Input: Does Short Term Disability Insurance Work?

Output: Short-term Disability does work if you have a qualifying disability . When you are applying for short or long-term disability , you need to look at the definition of disability and occupation . Not all companies have the same definition . If the definition is vague , you may find yourself being denied on your claim or receiving a `` lesser '' amount then what you have applied for .


Input: Does Short Term Disability Insurance Work?

Output: Yes , short term disability insurance works . It will pay you a portion of your normal income while you are laid off for weeks or months due to illness , injury or childbirth -LRB- most short term disabilities do not last over a year , but some policies will pay up to two years , if they do -RRB- .


Input: My Neighbor And I Have The Same Auto Insurance Policy. Why Is He Paying So Much Less?

Output: By same auto insurance , I assumed all the coverage are the same aside from being the same company ? Eg . liability limits , UM/UIM , PD , PIP . With everything being the same , the other factors can still be a variety of items . Your driving and claims history . Your marital status , credit score , education level , type of cars , rental or homeowner , occupation and on it goes .


Input: Can A Trust Be The Beneficiary Of A Life Insurance Policy?

Output: Great question ! The answer is yes , absolutely . I actually work with a company that specializes in a trust that is dedicated to providing for your final expenses . The primary beneficiary is listed as the funeral home , and any excess goes to the secondary beneficiary that you name . Many people also pass their money to trusts to hold for minor children , that otherwise would not be able to directly receive it . If you would like more information , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Can A Trust Be The Beneficiary Of A Life Insurance Policy?

Output: Yes , a trust can be the beneficiary of a life insurance policy . There are even trusts designed for that , called life insurance trusts . If a trust is the beneficiary of a policy , it probably will not need to be included with the policy . If the trust is owner of a policy , the trustees need to sign the policy and a copy of the trust may need to be submitted with the application .


Input: How Much Will Medicare Increase By 2014?

Output: We really have no idea how much Medicare will change in 2014 or beyond . Every year Congress determines the Medicare deductibles and premiums . In most years the deductibles and premiums both increase but some years they have actually been reduced due to political pressure . As I like to say , it must be an election year . There is no predicting what will happen , or how much things will change .


Input: Will Medicare Pay For A CT Scan?

Output: Medicare will pay for a medically necessary CT scan . Your doctor must document why the scan is needed . Medicare does not publish their fee schedules but you can get an idea of how much Medicare will pay for a CT scan if you Google Medicare DRG rates or Medicare payment schedule .


Input: Can Life Insurance Drop You If You Get Cancer?

Output: No . Life Insurance Carriers will not cancel your policy after developing Cancer or other serious medical conditions . They may cancel for non-payment of premiums or failure to disclose , if it was a preexisting condition . However , if you have a Term Life policy that expires after 10-30 years , it may not be possible to qualify for new coverage .


Input: Can Life Insurance Drop You If You Get Cancer?

Output: No Life carriers will not cancel your policy if you have cancer there 's two things they will look for did you lie about your health when you purchased the policy and if the policy premiums are current and paid to date do n't forget these are legal binding contracts the insured will be held accountable and the insurer will be held accountable . See my profile if you should need help .


Input: Can Life Insurance Drop You If You Get Cancer?

Output: That is a great question ! One of the best things about life insurance is that once the policy has been approved and issued , the only way that the contract can be broken is if you had misrepresented the facts about your health , decide to stop paying , or to cancel it . If there is reason for the insurer to believe that you had prior knowledge of your cancer when you applied for it , and said nothing about it , they can drop you . There is a two year window at the beginning of the policy that allows them that right . After that two year window , you are covered regardless of what turns your health may take . I pray that your cancer is easily beaten , and that you live a long and rewarding life . Thank you for asking !


Input: Can Life Insurance Drop You If You Get Cancer?

Output: A life insurance policy is a contracted based upon representations . If medical information was provided truthfully the company hasnt any grounds to deny coverage . When you stop and think about it that is the way most death claims are handled . A person buys a policy and later dies of a disease . That is the basis of life insurance , we dont know when we will die .


Input: Does Life Insurance Work Kids?

Output: It 's very smart to take out life insurance on your kids and grandkids . They are very inexpensive to insure . With a good whole-life policy you can pay it in full for them within 10 or 20-years and give it to them as a financial gift later in life . You can also guarantee that they have insurance so that if they get an uninsurable condition later , they are already covered . Good policies even give them guaranteed purchase options later in life . When you buy your children 's life insurance do n't just think about funeral and burial costs but also the time you will want to take off of work in the event of the death of a child .


Input: Does Life Insurance Work Kids?

Output: Yes , life insurance works for kids . Some policies do have a minimum age limit of 18 to 20 years old , but many will work for children as young as 15 days old . You can also add children to their parent 's policy as a `` child rider '' . Although they do n't have to take an exam , a child will need to have relatively good health to get life insurance .


Input: My husband borrowed a car of ours titled in my name to friends of ours who are going through bankruptcy, what happens if they are in an accident?

Output: f they are in an accident you are liable for the damage if your friend wrecks and hit someone . You need to list them as drivers on your policy along with the car . Depending on how long this `` borrowing '' lasts . Montana is a permissive use policy state so if you borrowed a car to someone then they got into an accident your insurance has to cover it unless you do not have the car on the insurance policy but you also are required to have your cars insured . Now if your friends are only borrowing for a week or two then there is n't a needed to add then to your policy Hope this helps


Input: How Much Does Someone Who Sells Life Insurance Make?

Output: People who sell life insurance can make hundreds of dollars of income in a year , all the way up to hundreds of thousands of dollars in a year . Most insurance agents work on commission , and for those who do , no two years of commission and income are the same .


Input: What is the modified endowment contract amount for 2014 tax year?

Output: What is the amount for a modified endowment contract for the 2014 tax year ? Unfortunately , you are mixing your investment or plan up . There is no annual guideline for a Modified Endowment Contract . You are thinking of qualified money contributions and confusing the two . Determination of a modified contract is something that can occur at any time if the extra monies applied to a policy trigger a formula known as the 7 pay test . When extra money is suggested to be added to a policy , the insurance company performs the 7 pay test on those funds and determines if the addition of those funds will trigger a MEC , before the funds are applied . More often than not , a deposit of extra funds triggers a MEC at some future date . If that 's the case , the policy does not become aMEC until that date . So money could sit and grow for several years , even decades without becoming a MEC . As the policy draws closer to the MEC date , simply taking money out of the policy can eliminate the MEC . There are several other ways to eliminate the MEC classification as well .


Input: What is the modified endowment contract amount for 2014 tax year?

Output: You are talking about Life Insurance which is not set to a specific amount but rather variables including your age at issue , the face amount , how you are going to be classified ie . preferred or standard rating . Generally speaking , lump sums of money will create a MEC unless it falls under the 1035 exchange guidelines . I have clients however who have put a lump sum of over $ 10k and not create a MEC . Can you provide more specifics or call me or your broker to look at the insurance you have or looking to apply for ?


Input: Can You Claim Breast Implants On Medicare?

Output: This is a great question . Medicare normally does not cover operations for cosmetic reasons , however there are medical reasons in which a person may need implants . This is a very sensitive case by case situation . The best way to find out is to call Medicare directly or call your Part c provider or your broker and ask .


Input: What Are Important Provisions In Most Life Insurance Policies?

Output: I think the convertibility option in term insurance policies is a game changer . In essence , it allows you to convert your term policy into a permanent product without going through underwriting . Think about that for a second . Let 's say you bought a term policy when you were a young parent to protect your family . You thought you would have no need for coverage once your youngest child was out of the house , so you went with term . Lo and behold , you had more kids than expected . Or maybe you took out a second mortgage and were in debt longer than you planned . Or maybe you opened a business and need to indemnify a business loan . For any a number reasons , you need life insurance past the original time of purchase . But now , unfortunately , you are not insurable . You have a very serious illness . You are stuck . You have dependents , you have debt , but you have no way to cover them . Wait a minute ! You can convert the term policy into a permanent product without answering any medical questions , taking a medical exam , or having your medical records reviewed . Whew ! That rider is a godsend . Of course , there are a few stipulations . You can convert up to a certain age . You have to pay the premium for a permanent product at the age you convert . And , you will be approved at the rate class at which the term insurance term policy was issued . But with these factors all favorable , that convertibility option can come in very handy . I have seen it .


Input: What Are Important Provisions In Most Life Insurance Policies?

Output: Some important provisions in most life insurance policies are as follows . These are regulated by state code and the insurance company , so can vary . 1 -RRB- Grace period . This is a period that your policy will stay in effect if you neglect to pay your premium on time , usually one month for term insurance . With permanent insurance , the policy may stay in effect longer if cash values automatically go to pay the premium . 2 -RRB- Suicide clause . This is a clause stating that the insurance policy will not pay out the death benefit for two years after the policy goes into effect . 3 -RRB- Convertibility . Some Term policies can be converted to permanent life insurance without evidence of insurability , if the conversion is done within a certain time period before the term ends . 4 -RRB- Incontestability clause . This protects the consumer by requiring that payment of the death benefit can not be contested two years after the policy goes into effect . 5 -RRB- Guarantees . Premiums , death benefits , interest rates , and cash values can all have guarantees in some types of policies . It is important to check the guarantees when purchasing a policy . 6 -RRB- Settlement options . Upon death of the insured , this provision allows the death benefit to be paid in one lump sum , in monthly payments , or some other way . 7 -RRB- Loans , reduced paid up , etc . There are many number of provisions associated with permanent policies that do not apply to term insurance . 8 -RRB- Riders . Riders provide added features to policies that the policy owner desires . Usually , riders cost extra .


Input: What Are Important Provisions In Most Life Insurance Policies?

Output: The most important provisions in life insurance are convertibility clauses in term life insurance and policy loan provisions in cash value permanent life insurance . Other provisions that are universal to both are the grace periods for payments and the free look at the beginning of the policy . Lastly , the financial credibility of the company issuing the contract . The contract provisions are only as good as the company behind the policy .


Input: What Is The Free Look Period On Annuities In Connecticut?

Output: I called the Connecticut Department of Insurance to make sure I got this correct . The free look period on the purchase of new annuities in Connecticut is 10 days . That is whether or not it is a replacement . Some companies give the annuity applicant longer than that , but 10 days is what is stipulated by the Connecticut Dept of Insurance .


Input: What Car Insurance Coverage Do I Really Need?

Output: I am going to answer your question by giving you a true life story that I experienced with one of my elderly clients that hopefully helps you to see the `` complexity of life '' issues we all have to face . I have an elderly lady that has been a client for years , We have grown old together . She has saved money and has continued to work every day in spite of my objections . Her brother was in a nursing home and she went to see her brother without fail at least twice a week . The path she had to travel included one of these `` turn lanes '' that clears the traffic to turn left while the other lanes supposedly had the red light . One day she was making that left turn and a motorcycle hits her right hand side whell panel as she is turning . The motorcycle flies over her car and the driver is killed . The investigating officer ticketed my client for `` failing toyield right of way '' . Please remember my client has money . What if that `` family '' of that deceiased motorcycle driver sues my client for `` wrongful death '' ? I knw we all look for ways to save money but how often are `` penny wise and pound foolish ? '' .


Input: Can You Switch Life Insurance Companies?

Output: Yes , you can switch life insurance companies through a process called `` replacement . '' When you replace a life insurance policy , the old policy with the old company is cancelled and a new one is created . Usually if there is any cash value in the old policy , it will be refunded to you in the form of a check . But be careful : You may be required to go through another `` contestable period . '' That means the insurance company has a certain amount of time to cancel your policy if certain information is incorrect or misrepresented -LRB- usually a 2 year time frame -RRB- Any cash value may be greatly reduced or eliminated due to cancellation/termination fees


Input: Can I Get Life Insurance If I Have Skin Cancer?

Output: For life insurance that is underwritten , it depends on the kind of skin cancer and how long it is has been since all treatment has ended . Acticinic keratosis , basal cell and squamous cell carcinoma , if detected early , are easily cured and are the most likely types which can result in life insurance being issued , even at standard rates . Malignant melanoma , the rarest and most virulent form of skin cancer , is responsible for 75 % of all deaths from skin cancer . This is the type where , depending on the staging and treatment , are likely to be either rated or declined . Stage IV and recurrent cases are likely to be totally uninsurable . Meet with a life insurance professional that has experience working with underwriters on cases like this for the best possible outcome .


Input: Can I Get Life Insurance If I Have Skin Cancer?

Output: Most people can get life insurance after having skin cancer . If basal cell carcinoma , the rates usually are what they would be if the person never had skin cancer . If squamous cell carcinoma , it depends on the stage of the cancer , how it was treated , and for how long the person has been skin cancer free . A standard to low table rating is common . A diagnosis of melanoma will require that the cancer was a low stage , was successfully removed without recurring , and that a certain amount of time has passed since the last treatment , in order to get a medically underwritten policy . It may have a flat extra during the first few years of the policy . If that is not available , persons with past melanoma can usually get simplified issue coverage , and can definitely get a guaranteed issue policy if they qualify age-wise .


Input: Is A Variable Annuity A Roth IRA?

Output: A Roth IRA is a plan that meets the requirements of the Internal Revenue code for special tax treatment . A variable annuity is one of many funding vehicles that can be used in a Roth IRA . The variable annuity would give a great deal of control over investments . The Roth IRA will allow tax free income when you retire .


Input: What Retirement Plan Is Best For Self Employed?

Output: For the self-employed , selecting a retirement plan is a question of your total income and ease of administering the plan . If youre not making that much money a simple individual retirement account -LRB- IRA -RRB- or Roth IRA should suffice . But if youre making six figures or more you may want to look into a Simplified Employee Pension Individual Retirement Arrangement -LRB- SEP IRA -RRB- that can contribute up to 25 % of your income with a cap limit of $ 51,000 for 2013 .


Input: Does Medicare Pay For HPV Screening?

Output: Medicare covers your annual exams including most women 's gynocological exams and testing . As part of your pelvic exam and pap test , your doctor should screen for abnormalities including STD 's , abnormal cells and HPV . The HPV virus has been linked to certain types of cervical cancer . You should have regular HPV screening and it is normally covered by Medicare


Input: What Is The Best Type Of Life Insurance?

Output: Ultimately , the best type of life insurance is the policy that is in force at the cheapest premium with the highest face amount on the day you die . Since none of us know that date , we must shop the market for the best coverage at the best price for your unique situation . There are lots of types of life insurance products on the market . The most popular are the two permanent or cash vale types of policies called whole life and universal life . These policies are a bit more expensive because they accumulate cash that can be used in the future for a critical illnees , college funds or retirement . The advantage is the money can be used tax free . The other popular type of life insurance policy is a term life policy . Term insurance is more affordable as there is no cash value , so you are in effect renting your protection . The premiums are typically guaranteed level for the term or period of years in which you purchase it . These terms range from annually to 5-10-15-20-25-30-35 years . Term life is a great solution to young families starting out on a budget to covering a debt for a specific amount of time . There are a lot of options in the market . I suggest using an independent experienced life insurance broker to help you navigate this maze of options .


Input: What Is The Best Type Of Life Insurance?

Output: There are many opinions on the best type of life insurance and without trying to sound smart the best is the one in force when needed . I work with many people each year on life insurance and everyone has a different scenerio and you need to find someone you trust to consult with . There honestly in my opinion is not a one size fits all . There are many great products out there that can fit your needs and your budget . Ask questions , research and again find someone you trust .


Input: What Is The Best Type Of Life Insurance?

Output: The best type of life insurance is the one that fits your needs . If your current indebtedness , future obligations and charitable giving is a temporary economic exposure , you should consider term life insurance for 5 , 10 , 15 , 20 or 30 years . If those liabilities are permanent , the permanent life insurance like guaranteed universal life .


Input: Who Has The Cheapest Homeowners Insurance In Michigan?

Output: Do you buy running shoes for a marathon form Wal-Mart ???? Do you buy a 4 cylinder truck to pull a trailer that really demands a V8 ? My point is , `` WHO CARES who has the cheapest '' . Yes , there is a way to assess apples to apples when buying home insurance . Red vs. green apples . There are always some differences in policies . However , in my state , there is a vast difference in plans offered . You are buying something to guard your finances in the event of the loss of your home , valuables , or retirement -LRB- that 's called Liability Coverage folks -RRB- . BUY THE MOST you can reasonably afford . I did a quote once and for curiosity I raised our `` in house standard amount of liability '' form 300K to 500K -LRB- the next step up for that carrier -RRB- ... What did I see ???? A ONE DOLLAR difference ... Yes ... ONE dollar . $ 200,000 more in coverage for a buck . That does n't happen for everyone and every carrier . Yet it 's almost always less than $ 10 a month . WOW ... 200K more for $ 10 a month ... . You 'll pay the price if you buy on price . - gravy


Input: Who Has The Cheapest Homeowners Insurance In Michigan?

Output: I agree with Drew with a few additions . Rates do vary and different people may get very different rates from the same company . In my experience , you 'll find that many companies are within 10-20 % of each other and it 's hard to choose based on the rate alone . My advice is to find the right agent first . If you choose based on who has the lowest rate , you 'll be changing a lot . When you find an agent that cares about covering you correctly instead of just selling the lowest rate , you 've found your agent . Spend more time finding the right agent and you 'll be happy . They may not always be the lowest , but they 'll save you big in the long run . We 're always bombarded with ads from insurance companies telling you they have the lowest rate . They 're selling you on the idea that insurance is a commodity , that everybody has the same thing , so look for the lowest price . Nothing could be further from the truth . Professional agents and advisors are out there and they care about their clients more than just the commission they earn . Find someone who loves their agent and go talk with them . I 've never had a client complain that their rates are too high after they 've had a claim and they were made whole again . I 've been out there at 2am when my client 's house just burned to the ground . I did n't do it because I earned a commission , I did it because these are my clients and I love what I do . So , make your life easier and find an agent who cares .


Input: Who Has The Cheapest Homeowners Insurance In Michigan?

Output: In Michigan , I do not think there is one single company that provides the most affordable homeowners insurance . The reason I say this is individual rates are based upon your insurance score , zip code , condition of home and other applicable discounts . Another factor is the insurance companies current financial state . If the company is profitable , then they will not be hiking up its rates . The moral of the story is you should shop around . I recommend talking to an independent insurance agent and getting quotes from a few regional carriers -LRB- e.g. Home-Owners , Frankenmuth , Citizens , Michigan Millers and etc. -RRB- . If their rates seem unreasonable , then check out some larger national carriers like Allstate , Nationwide or Farmers . I hope this helps .


Input: What To Do When In A Car Accident With No Insurance?

Output: Great question ! I 'm sorry that you have to ask . If you are the uninsured motorist , you may want to get a lawyer to help you with the impending trouble that you will certainly face . The other motorist will certainly want to have their car repaired , and at the minimum you will be obligated for that . If there were injuries , it will get bad really fast . If you were hit by the uninsured driver , your insurance company will pursue that payment for you . Either way , you will appreciate the value of having the insurance . If you need any further help , please feel free to contact me . Thanks for asking !


Input: Does Medicare Pay For Annual Pap Smears?

Output: Medicare will pay for a pap smear every two years under Part B . If you are at high risk for cervical or vaginal cancer , or are of childbearing age and have had an abnormal pap smear in the last three years , Medicare will pay for an annual pap smear -LRB- every year -RRB- .


Input: How To Get Obamacare Health Insurance?

Output: You can visit WEBSITELINK to learn more about and/or apply for coverage throughthe Affordable Care Act -LRB- Obamacare -RRB- . However , due to issues with their website , you can not use the site from 1 a.m. to 5 a.m. EST while they work on the kinks . You can also apply by phone 24/7 at 1-800-318-2596 .


Input: How To Get Obamacare Health Insurance?

Output: Obama Care is working well in California . Go to www.coveredca.com to get started on a quote . The new law has made insurance much less expensive if you have a preexisting condition -LRB- like cancer or diabetes -RRB- or if you qualify for income assistance . People who earn less than $ 48,000 per year may be eligible for premium assistance . In this video WEBSITELINK I show you an example of a 30 year old who earns $ 25,000 per year who can get the Bronze level plan for $ 18 per month .


Input: How To Get Obamacare Health Insurance?

Output: Obamacare health insurance may be obtained through healthcare.gov . For 2015 , the Obamacare open enrollment begins November 15 , 2014 and ends February 15 , 2015 . I would highly suggest seeking out a health insurance agent who is licensed and appointed with all OBamacare plans offered in your state . Independent agents may also have access to private exchange enrollment pathways which help speed up the enrollment process .


Input: How To Get Obamacare Health Insurance?

Output: Obamacare is working well in California . Obamacare was intended to help Americans who could not previously afford health insurance get insured . People with bad health -LRB- heart disease , obesity , cancer -RRB- often were denied coverage or charged a very high premium . Now these folks are charged the same rate as everyone else . People with low income were often priced out of the insurance market as well . It was not reasonable to expect a person making $ 25,000 a year to spend 15 % of their income on health insurance . Under ObamaCare people making under $ 48,000 per year are eligible for premium assistance . WEBSITELINK - In this video I show you how a 30 year old earning $ 25,000 per year can get a policy for just $ 18 per month .


Input: How To Get Obamacare Health Insurance?

Output: ObamaCare insurance has imploded from the premiums being so high the public has rejected it and then the adminstration is so incompetent that taxpayers has been stuck with a $ 600 million bill for `` services rendered and the site is so poorly constructed it does not function . Now all the concern is starting to shift to the insurance companies that spent millions trying to get ready ready to meet this `` Edsel '' requirements and now they are being told they must leave the insurance policies in force . Will our health insurance industry ever be the same again ?


Input: How To Get Obamacare Health Insurance?

Output: Government ads will all point you to the official exchange to purchase Obamacare , suggesting you use a navigator to answer any questions you may have . I highly recommend seeking the guidance of an independent insurance agent , one who is licensed and certified to sell on your state exchange . The cost to you will be exactly the same , but you will be able to receive expert advice from someone who understand how insurance truly works , and can explain what it means to you , something no navigator is legally allowed to do .


Input: How To Get Obamacare Health Insurance?

Output: Obamacare is available to all American during open enrollment or special enrollment periods . Many applicants will qualify for advanced premium tax credits while others will pay full price for their selected insurance . Regardless , if you want a plan and have the means to pay for it you simply have to enroll .


Input: How To Get Obamacare Health Insurance?

Output: Obamacare health insurance is available as a result of the Affordable Care Act legislation . To secure the lowest rates available in your state , Exchanges -LRB- Marketplaces -RRB- have been created that allow the easy application and enrollment for consumers . Four `` metal '' plans and a catastrophic tier are offered . Our job , as experienced brokers , is to utilize our knowledge of available plans and our top-rated websites , to show customers the best options . Consumers are frustrated by the . gov website and the unbiased recommendations -LRB- and free assistance -RRB- provided by brokers is unmatched . During Open Enrollment , pre-existing conditions are covered and a federal tax subsidy may be available . However , if you miss Open Enrollment , special qualified events allow the purchase of coverage . Also , cheap short-term plans -LRB- that are not ACA-compliant -RRB- may be available at very inexpensive prices . These plans do not cover pre-existing conditions but may be the best option in many circumstances .


Input: Who Is Primary On Medicare?

Output: If I 'm understanding your question correctly , you 're asking which person -LRB- example : you or your spouse -RRB- would be the primary person on your medicare coverage . Is that 's your question , then here 's the answer ... . There is only one single person on a medicare `` policy '' . Each person applies individually and each person has their own card . So each person that is on Medicare is primary and nobody else is on their `` policy '' or card .


Input: Who Is Primary On Medicare?

Output: If you only have Medicare A & B or Parts A & B plus a Medigap plan , Medicare is going to pay first . When you have more than one plan paying a claim , the process has to follow the coordination of benefits rules to determine who pays first and who pays second . The majority of the time , people who are on Medicare will have two types of coverage when they or their spouse works for an employer . Self-employed individuals will generally only be on Medicare and drop their under 65 policy -LRB- unless their spouse has group coverage they can be on -RRB- . How big the company is and whether or not the insured employee is working will generally determine who pays first . If the employer has 20 or more employees , the employer plan will pay first and Medicare second . If the employer has less than 20 employees , Medicare will pay first and the employer will pay second . If you 're on Medicare for a disability , the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees , Medicare pays first and the employer plan pays second .


Input: Will Home Insurance Cover Water Leaks?

Output: Your homeowners insurance will cover the damage caused by a water leak within the structure of the house . It doesnt pay to repair the water leak . Much has been written about water damage and as a result there are many amendments to the homeowners policies . The issue is mold . If you have a water leak , get it repaired . If there is structural damage notify your agent .


Input: What Retirement Plan Is For Self Employed?

Output: It is best to talk with your financial advisor and tax professional about solutions to your particular needs and situation . There are several options , though , that having been said . Some of those include a traditional IRA or a SEP IRA . A Roth IRA may also be an option for you . Talk about htese and any other qualified or non qualified ideas with your trusted advisors .


Input: What Retirement Plan Is For Self Employed?

Output: There are several options for the self employed person : qualified and non qualified retirement plans . Qualified retirement plans can include traditional IRAs , SEP IRAs or Roth IRAs . If Roth has an appeal to you , then consider non qualified cash value life insurance as an alternative , especially if your young , healthy and need more flexibility in your retirement funding approach .


Input: What Factors Determine The Insurance Protection You Need On Your Home?

Output: Assuming you are referring to your homeowners insurance , the value of the home -LRB- although more importantly , the replacement cost of the home -RRB- and the value of contents inside the home are perhaps the two most important items . Your budget may dictate some of the other variables such as the deductible and type of policy and riders you choose .


Input: What Factors Determine The Insurance Protection You Need On Your Home?

Output: In order to determine the proper protection on your home insurance carriers or more specifically the agents will runreplacementcost estimators on the home . Thereplacementcost estimator will determine what it will cost to rebuild a home in the event of a total loss . Thisfigurehas no bearing on what the market value of a home is . In California you see market values of homes ranging on average around $ 800,000 . However the actual construction cost to rebuild may only be $ 450,000 since land is not taken into consideration . The reverse can also be true . The market may have sunk in a given area so that same house is now only worth $ 200,000 on the market but it still costs $ 450,000 to rebuild since the cost of construction has not changed . Always have a discussion with your agent about the details of your home so a proper replacement amount can be determined and you are properly insured .


Input: What To Do When Your Term Life Insurance Expires?

Output: When your term life insurance expires , you may have the option to keep paying the premium to keep it in effect . But the price will be much higher than you were paying , and go up every year . Most people look for a new policy when their old term life insurance expires . The rate will most likely be higher than you paid before , because you are older . Your health will also be taken into account . Since you will be paying more , anyway , you may just want to bite the bullet and get at least some permanent insurance . The older you get , the harder it is to qualify for term . But if you want to get a new term policy and can qualify for it , that is what many people do . If you know that your term policy 's expiration date is coming up , you might want to look into converting some or all of your coverage to permanent life insurance -LRB- universal life or whole life -RRB- . This just involves paperwork , no health questions and no exam . But it must be done before your policy expires and according to the conversion period set forth in your term policy .


Input: Can An HRA Be Used To Pay Health Insurance Premiums?

Output: Yes a Health Reimbursement Arrangements can fund health insurance premiums , such a arrangement is usually referred to as a PRA -LRB- Premium Reimbursement Arrangement -RRB- . Although such arrangements have become unfavorable due to healthcare reform legislature due to two main reasons 1 . If a employer wants to drop group coverage and have employees purchase individual policies , this can only be offered after-tax -LRB- RR 61-146 -RRB- . This means that such arrangements have lost their tax-advantaged status , which in effect takes away much of the benefit to the employer .2 . A group health plan , including an HRA , used to purchase coverage on the individual market is not considered integrated with that individual market coverage for purposes of the annual dollar limit prohibition . Meaning that even if a HRA were to cover 100 % of employee premiums for individual coverage the employer would still be viewed as not offering MEC -LRB- Minimum Essential Coverage -RRB- .


Input: What Is Single Payer National Health Insurance?

Output: Single Payer national health insurance is when a single entity -LRB- typically the federal government -RRB- administers health insurance coverage for all persons . This type of system is fairly popular in other countries with mixed results . Most persons agree that `` single-payer '' would not be the best idea for the United States , because of cost and provider availability .


Input: What Is Single Payer National Health Insurance?

Output: Single Payer National Health is when there is a nationwide health coverage insurance that is managed and paid for by a single institution . Medicare is such a policy . It has a uniform coverage for all participants across the nation and is paid for by the federal government . There are good and bad elements to this type of coverage . Good : A guaranteed baseline of health coverage for all citizens in the country regardless of financial means and employment status . There would be no such thing as loosing your job and then loosing your coverage . Since nearly all people living in the country would be on the insurance nearly all doctors and hospitals would have to take it because there would be few patients willing to pay out of pocket for treatment . No bankruptcies because you got sick . There are around 2 million bankruptcies in 2013 because of healthcare bills . This would n't happen because the risk and cost of healthcare is shared among the entire tax paying population . Bad : Single payer systems provide a lack of choice . There would be no competition for the best coverage or the best network of providers so it can potentially reduce opportunities for innovation and providers pushing for that competitive edge . If someone wants anything more than baseline coverage , you would still have to `` buy up '' . Much like seniors do with Medicare Advantage plans , so the national coverage would not solve all the problems . Funding is limited by federal budgets and tax income . This means that providers would be reimbursed based on what the government can afford . This can lead to shortages , particularly in expensive treatments because the profit motive is not as well fueled . Complexity is an issue . We all know haw bloated and complex government agencies are , just think if they try and care for 350 million patients and all of their health issues !


Input: Can You Buy Health Insurance For One Month?

Output: Yes , depending upon the type of health insurance you are talking about . I will presume that you are seeking coverage for a one month period because you are looking to protect yourself in a coverage gap between jobs that will offer you employment based coverage or to cover yourself until individual major medical coverage purchased during the open enrollment period starts on January 1 , 2015 . Short Term Major Medical insurance would be the solution to your problem . There are a pretty wide selection of Short Term policies available from a variety of health insurance carriers -LRB- your state 's BC/BS plan , United Healthcare , etc. -RRB- though your options will vary from state to state . Short Term Major Medical insurance will provide you with substantial protection in the event of an accident or illness during the time the policy is in effect . Also , Short Term Policies are generally pretty affordable , especially in comparison to ObamaCare compliant major medical policies . There are some issues or characteristics of Short Term Medical policies that a potential buyer needs to be aware of . 1 -RRB- They do not cover pre-existing conditions . 2 -RRB- Some policies have limited underwriting questions that they ask and you can be turned down for coverage . 3 -RRB- They do not cover preventive care services 4 -RRB- Some may not cover prescription drugs 5 -RRB- They do not meet the criteria for being considered major medical coverage under the rules of ObamaCare and could make a person subject to the individual mandate tax penalty -LRB- though you have to go for more than 90-days without ObamaCare compliant coverage for the penalty to apply -RRB- With those factors in mind , a Short Term Major Medical policy can be an excellent solution for cost effective health insurance protection and may be a much more affordable alternative to COBRA continuation coverage for a person who has lost their employer based coverage . In fact , some people who are in good health and who are low utilizers of health care services are doing the math and determining that even when taking the possible tax penalty into consideration that a Short Term Major Medical policy makes more sense for them than ObamaCare compliant major medical policies . You should exercise caution if you choose to follow this strategy and look for a Short Term Major Medical policy that will cover you for as long of a time period as possible . In some states some carriers sell policies that can run just short of a year . The reason for this is if you should experience a serious illness or injury , for example you are diagnosed with cancer , while covered under the Short Term Medical policy then ideally it would run out at the end of the year and allow you to take advantage of the open enrollment period and enroll in an ObamaCare compliant plan that is guaranteed to be issued , can have no pre-existing condition exclusions or waiting periods and would therefore cover your condition immediately . You should seek out the services of an experienced health insurance agent to help you find the Short Term Major Medical policy best suited for your needs .


Input: Is United Healthcare Medicare?

Output: United Healthcare is an insurance company that offers senior products including Medicare supplements and others - they are the largest insurance company in the industry . Medicare is a government-run senior health insurance program . Even though Medigap plans are standardized , it 's not all about price and there are many parts that are often overlooked/not considered when evaluating and comparing plans . UHC has an agreement with AARP to attach their name to certain products -LRB- a common one seen is AARP Medigap plans -RRB- . The great advantage with the AARP Medigap plans -LRB- insured through United Healthcare -RRB- is they use the community-rated pricing method as opposed to the attained-age method most Medigap carriers use . The community-rating states that everyone in a given group -LRB- e.g. zip code -RRB- pays the same rates regardless of age , meaning an 85 year old can be paying the same thing as a 75 year old -LRB- which means major savings over the long run -RRB- . They also offer some of the most lenient medical underwriting for Medigap plans so for individuals with complex medical histories , the UHC/AARP Medigap plans can be a great product for your health insurance needs . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: What To Do When You Are Denied Health Insurance?

Output: You should not have been denied health insurance . The Affordable Care Act requires that health insurers accepts all applicants regardless of prior medical history . People with preexisting conditions must also be accepted , and the coverage for preexisting conditions must begin with no waiting period . Apply for coverage through your state health insurance exchange .


Input: What To Do When You Are Denied Health Insurance?

Output: That is a great question ! A better one is why were you denied ? There are extremely few reasons why you could be legally denied , and I 'd sure like to know what their reason was . If they said `` pre-existing condition '' , you do n't want to insure through them anyway , as they are breaking the law , and probably are n't very trustworthy in their other dealings either . Count them as doing you a favor , and reapply with a different company , preferably one under the www.heathcare.gov site , where you might even qualify for help paying for the policy you 'll get . Good luck , and thanks for asking !


Input: What Is Medicare HSIP Incentive?

Output: HSIP is intended to improve access to major surgical procedure andto as an incentive for general surgeons to participate within specific time frames . The following is the actual description you get when you Google Medicare HSIP : HSIP was created to improve access to major surgical procedures -LRB- surgical procedures with a 10 day or 90 day global period -RRB- for Medicare patients in a HSPA area . To be eligible for the HSIP incentive , a physician must be enrolled in Medicare as a General Surgeon -LRB- specialty 02 -RRB- . The HSIP incentive is effective for services provided on or after January 1 , 2011 , and before January 1 , 2016 . Incentive payments earned under HSIP will be combined with incentive payments earned under other quarterly incentive programs and issued as a single check .


Input: How To Shop For Auto Insurance?

Output: Have your information ready first . You will need the VIN numbers for all vehicles that you need coverage for , driver 's license numbers for all drivers within the household to be covered , birth dates of all licensed drivers , amount of coverage that you are looking for , dates of accidents of any drivers to be covered , and dates of motor vehicle violations of drivers to be covered as a start . Then call local agents to secure quotes from different carriers or use the internet .


Input: Why Variable Annuities Are Good Investments?

Output: Variable annuities can be good investments . But there is no guarantee that you will earn the rate of return you expect or what was earned in the past . Past performance does not guarantee future results . Allow a full-time -LRB- not part-time -RRB- financial planner or broker discuss and review your best options . It will be the best investment you ever made .


Input: How Can I Get A Retirement Plan?

Output: You need to determine your tax bracket , your risk tolerance , your contributions , how long will you work and what is your life expectancy ? This will help you in your selection between a qualified or non-qualified plan . It will also assist you in the product selection based on your time horizon and risk thresholds . If you 're an individual you may consider an IRA or a Roth IRA . If your employer sponsors a defined contribution qualified plan like a 402 -LRB- k -RRB- , you may want to participate .


Input: How Can I Get A Retirement Plan?

Output: That is a great question ! There are a million people that will line up to help you put together a plan . Some will honestly want to help you , and some will look at you like a wolf looks at a fat , three-legged sheep . Please be careful , and go with someone that comes with high recommendations . Here 's what you can do to get started . Take a few minutes , and decide what retirement looks like to you . Are you fishing , travelling , working , not working , debt free ? Now take a look at your current financial status . What do you need to do between here , and retirement to make that happen ? I tell people that if you want to live at your current standard of living in retirement , then you will want to have squirreled away between 8-10 times what your current salary is . If you want to live better than you are now , then you 've really got to get started . Once you 've got an idea of what you need to save , then you can talk to your HR person at work about company match 401k , or other programs they might offer ; You can talk to your insurance agent or banker and get some ideas , or you can find an advisor that can help you take a look at how to make your vision of retirement a comfortable reality . I hope that gives you an idea , feel free to drop me a line if you need help , ok ? Thanks for asking !


Input: What Are The Best Health Insurance Companies In Georgia?

Output: `` Best '' health insurance is a relative term . Currently there is very little difference in plan design among carriers , but some plans have big holes that will create financial ruin when your health takes a turn for the worse . At this time , Cigna and Humana have the best overall value and outstanding service .


Input: Does Home Insurance Cover Loss Of Food?

Output: Many homeonwers insurance policies provide some limited coverage for food loss due to a power failure or other covered loss . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Is Life Insurance Effective Immediately?

Output: If you are asking if life insurance is effective immediately after filling out the application , the answer is usually no . Unless you paid ahead of time , the policy must be approved , issued and the first premium and all delivery paperwork returned for it to go into effect . This process can take from hours -LRB- with some no exam plans -RRB- to months . If you are asking if life insurance is effective immediately after satisfying those requirements , the answer is `` maybe '' . if death occurred while the check and signed delivery paperwork are in the mail , it is a legal issue whether the life insurance company would pay the benefit . Legally , the effective date is the date the policy is actually in effect , and this is after the check and delivery requirements have been processed by the insurance company .


Input: Is Life Insurance Effective Immediately?

Output: Life insurance is a contract between two parties . Both parties must agree to the terms of the contract . The life insurance company has pre-qualifying requirements that the prospective policy owner must satisfy before determining an underwriting offer . After the underwriting offer is presented and accepted by the prospective policy owner and premium is paid , a binding contract has been created . Many life insurance companies offer temporary coverage with a binding premium deposit , but limited to the terms and conditions of each company .


Input: Is Life Insurance Effective Immediately?

Output: It will depend . Some Insurance companies offer conditional receipts which will extend coverage in the event of death before the policy is delivered . The application must be free from deception and the insurance company must have been predetermined to provide coverage provided the application was accurate . Some policies are not effective until the actual underwriting process has been completed .


Input: Does Auto Insurance Cover Bike Theft?

Output: The coverage under an automobile policy extends to the automobile alone . Items which have been installed and become a part of the vehicle , such as radios are also covered . Any property carried inside or outside of the vehicle is not covered by the automobile policy . There might be coverage from other policies .


Input: Does Auto Insurance Cover Bike Theft?

Output: A stolen bike would be covered under your homeowners insurance if it is covered at all . Your auto insurance typically only provide coverage for accidents involving your vehicle . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does A Cal Vet Loan Require Life Insurance?

Output: I contacted CalVet Home Loans to ask them this question . They emailed me back the following answer : `` All loan applications received by CalVet on or after February 1 , 2013 have the option to participate in the CalVet Life Insurance Program . For details please contact our Insurance Unit at 1.866.421.6978 or visit our website at : www.calvet.ca.gov . '' When I asked to clarify if ANY life insurance was need to get a Cal Vet Loan they replied : `` CalVet does not require the contract holder to buy any life insurance policy for your CalVet loan balance . ''


Input: Does Home Owners Insurance Cover Foundation Problems?

Output: In most cases no . If your policy includes earthquake and the damage is a result of the earthquake then there may be coverage , Homeowners insurance covers things like fire , lightening , hail wind , and other covered perils . They are not designed to cover normal deterioration and settling . Check with your agent to see what your policy covers .


Input: Does USAA Renters Insurance Cover Storage Units?

Output: I would recommend contacting USAA directly to find out about your current policy coverages . Usually there are 3 main parts to your renters insurance coverage : 1 . Personal property coverage . Think of everything you own . Now , try to assign a dollar amount to all of those belongings . Pretty mind-boggling , is n't it ? A renters insurance policy offers you coverage for the theft , loss or destruction of your personal belongings in the event of a fire , storm or other covered peril . This can help you replace the items you use on a day-to-day basis , from your clothing to your appliances to your furnitureas well as your more expensive items . If you 're a die-hard jewelry collector or an audiophile with tens of thousands of dollars ' worth of pricey sound equipment , you can even take out extended coverage that provides you with higher limits , sometimes called floater insurance or Scheduled Personal Property coverage . This extra coverage may increase your deductibles , but will certainly be worth having to make sure you have enough coverage for your pricey items . Having a renters insurance policy can even cover your personal belongings when they 're not inside your homelike if you take your laptop with you on a trip and it is damaged or stolen . 2 . Liability coverage . Life is risk , but that does n't mean you have to dig deep into your pockets or drain your savings account every time something goes wrong . The liability insurance that comes as a part of your standard renters insurance policy can help protect you if you are sued by a guest injured in your home . Say someone comes over to your house and trips down your stairs , injuring themselves seriously enough to warrant medical attention . If you are found responsible for the accident , your renters insurance liability coverage can help pay for your legal expenses and their medical bills and other damages . When buying renters insurance , it pays to think long and hard about having enough coverage to guard against any eventuality . Liability coverage can even pay for damages caused accidentally by you or your family members . For example , if your child accidentally throws a baseball through your neighbor 's living room window , your liability insurance plan could cover the damages . 3 . Additional living expenses . People rarely think about where they 'd go or how they 'd pay for it if a fire or disaster were to render their rental home unlivable . With a renters insurance policy , you can rest easily because this coverage will help pay for your temporary living expenses . This can include things like hotel bills to restaurants to other living expenses you normally would n't incur . With a renters insurance policy , you do n't have to worry that a damaged roof will force you to share a house with your in-laws . For that alone , it 's a priceless investment .


Input: What Is Split Life Insurance?

Output: In Canada , Split Dollar Insurance is usually referred to as Shared Interest Insurance . The Shared Interest concept is an effective strategy for sharing life insurance costs and benefits.There are a number of family and business scenarios where this concept can be applied . To illustrate , I will outline a business situation as an example . Under the shared interest concept , the death benefit , premiums and cash values of a permanent insurance policy are apportioned between company and the key employee or shareholder , who pay for their separate interests under the policy . With the Company responsible for the life insurance portion of the premium , it receives : - Tax free buffer fund to cushion the shock of death of key person -LRB- protect profits -RRB- - Funds to redeem shares for a buy-sell & / or succession plan - Life insurance death benefit creates a tax free capital dividend that can be paid out to surviving shareholders . With the business owner or key person responsible for the cash value portion of premium , he/she receives : - Tax advantaged accumulation without paying mortality costs - Access to cash value for living benefits -LRB- policy loans , withdrawals , collateral -RRB- - Increased retirement resources . Setting up the Shared Interest concept is complex . There are many issues to consider in addition to what is outlined here . Therefore , it is recommended you seek your own independent professional advice from your lawyer and/or accountant . Note : The Canada Revenue Agency 's -LRB- CRA -RRB- position is that each party in the shared interest agreement must pay a reasonable amount of the premium for the benefit the party receives . In a non-arm 's length situation , a taxable benefit may be considered to be conferred on one of the parties to the agreement unless all parties pay a cost equal to the fair market value of the benefit received . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Is Split Life Insurance?

Output: I believe what you are referring to is what 's called `` split-dollar '' life insurance . This type of life insurance is generally used for businesses to help an employee purchase coverage - it can be used as a form of deferred compensation or as an incentive for the employee to work at that company . The idea of a split-dollar policy is to share or `` split '' aspects of the program between two parties -LRB- again - generally employer and employee -RRB- , including ownership , premiums , death benefits , cash value , and dividends . The advantages for the employee in doing this type of policy is to get the coverage they need to protect their family , but at a cheaper price . When the employer is paying premiums , the employee may be able to reduce their income tax liability when in higher tax brackets . Upon the death of the employee , the proceeds can be used to provide for estate liquidity . So why would the employer do all of this rather than make the employee buy an individual policy on their own ? In short , tax purposes . While it allows the employer to provide benefits to their employee with low costs , the portion of premiums the employer pays can be deducted for tax purposes . Upon the death of the employee , the employer is paid an amount equal to the sum of premiums paid on behalf of the deceased employee . These plans feature a good amount of flexibility for the employer as well , as they can modify or terminate the program at their discretion .


Input: What Is A Fixed Life Annuity?

Output: The term fixed has to do with the cash accumulation of the annuity . It means that the money is invested in the fixed assets administered by the insurance company issuing the annuity . This is almost always guaranteed interest . Current interest can be credited , market permitting but there is always that guaranteed rate of interest .


Input: How Much To Pay For Auto Insurance?

Output: Pay as much as it takes to get the coverage you need to protect you and your family adequately . Once you determine how much coverage you need , shop around with several different insurance agents and make sure to include an independent insurance agent that is n't tied to just one company . Your rate will be based on many factors including : coverage limits , deductible levels , additional benefits , driving records , number and types of vehicles , age of drivers , and location . Shopping around will ensure you have the lowest rate .


Input: How Much To Pay For Auto Insurance?

Output: Operating a car is expensive . Interestingly , it is much more expensive in most other countries . Insurance is one of the expenses of owning a car . If you have enough cash on hand to purchase another car should your car be determined to be a complete loss in an accident , you really dont need physical damage , comprehensive and collision , coverage at all . However it is unlikely you could pay for a large lawsuit resulting from personal injury and property damage that comes from an accident in which you are the guilty party . For that you should carry the highest liability limit that you can afford . What often appears to be the least expensive auto insurance can become the most expensive policy possible if the lawsuit and judgment exceeds the limits of liability in your auto policy . The cheapest auto insurance is the policy that pays the highest possible amount when you are sued .


Input: What Information Do I Need For A Home Insurance Quote?

Output: Select an agent that you trust . The agent will need the address of the home . He should be able to locate the age , construction , and size of the home from public records . The agent will need to know how the home has been finished . What type of flooring does it have ? Is there paint , wall paper or paneling on the walls ? Has the home been upgraded with a custom kitchen or bathrooms ? Are there pools , sheds , gazebos or a detached garage on the property ? The agent will also need to know if there have been losses in the last few years . Are there smokers in the house ? Then there are a many other questions that will be asked . Additionally , most companies require the application to have pictures of the property .


Input: What Information Do I Need For A Home Insurance Quote?

Output: You will need to provide the following information to receive an accurate auto quote : dates of birth of all drivers to be covered VIN numbers of vehicles to be covered Social Security number of primary insured and possibly other insureds amount of coverage you are seeking garaging address of vehicles milage of each driver to work and type of use for vehicle Motor vehicle history for all drivers to be covered


Input: What Information Do I Need For A Home Insurance Quote?

Output: You will need the address of the property , Social Security number , basic information about the house such as ranch , two story , approximate age , has the wiring plumbing heating been updated if the house is older . Much of the information can be retrieved from the county auditors website by the agent . He will probably want to know if you have a dog and what type since some companies restrict certain breeds . If there is a pool , what type and is it fenced ? Some of this may not be absolutely essential for a generalized quote but if you want your independent insurance agent to be able to give you his best rate , the more information he has helps because he can shop the companies he represents . Your quoting agent can tell you the exact information he needs .


Input: Does Medicare Provide Home Health Care?

Output: In order to have home health care paid for by Medicare , you must be receiving certain services ordered by a doctor , the home health agency providing the care must be Medicare approved , and you must be certified as homebound by your doctor . Being homebound means that leaving home is n't recommended due to your condition , you need assistance such as a walker to leave home , or it takes considerable and taxing effort to leave home . You are allowed to go to doctor appointments and some short jaunts like religious services .


Input: Is Voluntary Disability Insurance Deductible?

Output: Voluntary Disability Insurance is paid for with after tax dollars . However , then if you need to receive the benefit , it will not be taxed . The Disability benefit can not be more than 80 % of your salary , and will most likely be less than that . So taking out taxes can really take a chunk out of those crucial funds when you need them .


Input: Which Long Term Care Insurance Is Best?

Output: The type of long term care insurance that is best for you will depend on your age , health , the features you are looking for , and even the area of the country in which you live . If you live in a small town and know that , if you were to need long term care insurance , you would go to a certain nursing home , you should get a policy that has the best features for that type of care . If you live in a city near your adult child , and know that , if you were to need long term care , she would want to take care of you , you should pick a policy that will pay a caregiver in your home . And of course , you will want to select the one with the best price for your health and age .


Input: How Do Index Annuities Work?

Output: An Index Annuity is a type of Fixed Deferred Annuity . It guarantees a minimum return , while allowing index-linked gains up to a specified yearly cap or `` limit '' . The index-linked gains are usually based on a yearly basis . The most common crediting method is the `` Annual Point to Point '' method ; this method credits the yearly gain -LRB- during the contract year -RRB- up to the specified cap . There are other Crediting Methods that calculate index movements on a monthly or even bi-annual basis . But it is important to remember that all index-linked gains are limited to the yearly or monthly cap ; this is the trade off for receiving a guaranteed minimum return .


Input: Does Health Insurance Cover Weight Loss Programs?

Output: There may be some plans that offer discounts on weight loss programs or gym memberships but generally your health will not cover a weight loss program you purchase over the counter . Every health insurance plan is different however and may offer at least some type of coverage depending on the weight loss program , is it medically necessary and prescribed by the doctor . Check with your agent to see what your policy covers .


Input: Does Health Insurance Cover Weight Loss Programs?

Output: Depending on what you consider a `` program '' ... Maybe . It will cover your doctors visit where the Dr. can run a risk assesment and go over a program to help address one 's individual body issues . If you were wondering if health insurance would cover a gym membership and a physical trainer then no , although both employers and insurance companies are increasingly offering those services at discounted prices for their employees/policy holders -LRB- increasing the focus and development of preventive , proacitve ways to eliminate serious health issues before they develop or worsen -RRB- .


Input: Can The Government Make You Buy Health Insurance?

Output: WEBSITELINK Click on Individual Health then on righthand side near bottom you will see health reform/penalties ... click on that . This website is from one of my partners who specializes in Health Insurance . I am using this to answer this question or rather to support my answer . Can the Government Make you buy Health Insurance ... answer is NO ! However , you will be `` taxed '' or rather have to pay a penalty if you do not have health insurance . So in a sense , you are buying it although it is not stated this way .


Input: When Was Medicare Part B Enacted?

Output: Medicare was enacted in 1965 by the Lyndon B. Johnson administration . The program went into effect in 1966 and was originally administered by the Social Security Administration . Today Medicare is administered by CMS `` Centers for Medicare and Medicaid Services '' . Medicare covers eligible persons who are over 65 years of age or under 65 for disabled individuals . For more on the history of medicare please visit www.medicare.gov


Input: Is Whole Life Insurance A Good Investment?

Output: Video Transcript : Today 's question is , `` Is whole life insurance a good investment ? '' Well , if you 've been on the web , you know there are a lot of detractors on this . Whole life , as an investment , are for conservative investors , for people who want to beat at least the Treasuries , because if it had a history being able to at least on over a long period of time to do a little bit better than Treasuries . So if you 're looking at whole life as a supplemental income and it 's configured correctly by using the lowest possible base amount with term writers and a paid up addition writer , that combination could be good for a very conservative , long term investor or long-term saver 's mindset . And remember its tax advantage , withdrawals are basis and policy loans to gain could come out absolutely free as long as you keep the contract enforced for the policy ensured .


Input: Is Whole Life Insurance A Good Investment?

Output: Whole Life is NOT an investment . It is a protection , with many benefits . You can always risk your money in stocks or bonds . But if you want it to be safe and be guaranteed to grow , you need whole life insurance . It never decreases , and the premiums never change -LRB- you can even prepay them for life and later pay nothing -RRB- and the appreciation of a policy with New York Life can even pay the premium later , or lend you the money for college , a new home , or your retirement , tax free .


Input: What Is Reassure America Life Insurance Company?

Output: Reassure America Life Insurance Company was purchased by Valley Forge Existence Insurance Company in 2007 . Reassure America Life Insurance Company offers reinsurance for variable , term , universal and survivorship life . It also offers reinsurance for group benefits as well . Its changed its name back in 1999 from the old Royal Maccabees Existing Insurance Company .


Input: Does Renters Insurance Cover Cell Phone Damage?

Output: Renters Insurance , or what I would refer to as a Tenant-homeowner 's policy , would cover any personal property you own except that which is specifically listed as `` Property not covered '' . Some of the specific types of property not covered include autos , aircraft , animals , birds and fish . Since cell phones are not on that list , they would be covered property . Specific limits apply to certain types of property , money , theft of jewelry or silver , etc. . Cell phones are not on that list either . While a cell phone may be `` covered property '' , the damage it sustains must be caused by one of the covered perils . The perils are listed and include fire , lightning , wind , hail , theft , vehicle damage , etc. . You will note water damage is not a covered peril , nor is dropping the phone or breaking the screen . These policies have , in addition , a number of exclusions including earthquake , flood , intentional damage , etc. . So cell phones would be covered as long as they were damaged by a covered peril and the damage exceeded the deductible which is commonly $ 250 or more . If you meet all those tests , the basic policy would then reimburse you for the actual value of the phone , not what it costs to replace it . Optional replacement cost coverage is generally available , if you have it the cost of a new phone would be the basis for your claim . Then the question will be what is the value of the phone ? Is it the actual phone or the two year service agreement you have committed yourself to ? Bottom line , I would n't depend on Renter 's Insurance to cover damage to my cell phone . It seems to me one of those non-catastrophic risks you may be better off assuming .


Input: How Would You Rate Life Insurance As A Form Of Investment?

Output: That is a great question ! The answer is that as an investment in your peace of mind , it is priceless . As an investment in your future , and in knowing that you 've protected your loved ones , it 's again , priceless . As a financial product , not so much . Life insurance is not designed to make you rich , in fact , it has safeguards built in to keep someone from trying to overinsure themselves . Agents are actually advised to never use certain potentially misleading words in their presentations , and investment is one of them . Any agent that tells you that you can make a ton of money off of life insurance should be politely dismissed . Many will promote policies that are showing you large cash growth numbers , but if you look closely at what has to happen for those numbers to be realistic , they often prove themselves to not be . Please feel free to contact me for more specifics , okay ? Thanks for asking ?


Input: How Would You Rate Life Insurance As A Form Of Investment?

Output: Life Insurance as a form Of Investment can be achieved by designing the life insurance policy for maximum cash values and compliant TAMRA minimum death benefit . Product suitability is a significant issue if you select variable universal life , which is a security and has the potential to lose money and incurs policy expenses . Indexed and current assumption universal life both have crediting methods that protect against losses but not against policy expenses . Participating whole life insurance could be an option if the design uses maximum term and paid up addition riders . These have potential tax advantages as well but also have surrender charges in the first 9-15 years of the policy , so liquidity can be a problem .


Input: What Is A Third Party Administrator In Health Insurance?

Output: If you go to WEBSITELINK and type in `` section 105 '' you can get more details . A third party adminstrator is often used when a company wants to self insure-which by the way is increasing in order to exempt themselves from the ACA confusion . Companies that offer `` section 125 plans known as `` Cafeteria Plans '' typically has a third party adminstratlor


Input: What Are The Best Fixed Annuities?

Output: There are two points of view in fixed rate annuities . Under the low interest rate environment , the largest rate guaranteed for the shortest period and insurance company ratings be dammed . Or the ratings and balance sheet of the insurance company matters most and if that means a lesser interest rate , so be it . Most advisers are not locking fixed interest rates beyond five years .


Input: Can A Canadian Buy Life Insurance In The US?

Output: While there are some life insurance companies that offer coverage in both Canada and the United States , I am not aware of a Canadian being able to buy life insurance in the US . Some companies offer persons living in Canada the ability to buy life insurance in the US if they are US citizens , will sign the application and do the exam here , and will sign the delivery requirements here .


Input: Does Car Insurance Cover Wear And Tear?

Output: Car Insurance does not cover you for wear and tear . Depending on your coverage , car insurance covers for Liability , Property Damage , Uninsured/Underinsured Motorists , Medical and Personal Injury -LRB- additional Personal Injury is also available -RRB- , Collision and Comprehensive -LRB- also available with Glass coverage -RRB- , Roadside help and Rental Reimbursement . I hope this helps !


Input: Does Car Insurance Cover Wear And Tear?

Output: No , car insurance does not cover wear and tear . Insurance is designed to protect you from accidents and damage caused to your vehicle , other people 's property , and bodily injury to yourself , your passengers and others . Wear and tear should be handled as part of the normal maintenance of your vehicle .


Input: Does Car Insurance Cover Wear And Tear?

Output: Car insurance provides coverage for losses due to your car caused by collision with another motor vehicle or a stationary object , a human being or animal . It also provides coverage for loss due to theft , fire , vandalism , damage by a falling object etc. . These are examples of covered losses which would be settled provided that you have both Comprehensive and Collision coverage as part of your policy . Wear and tear are not covered perils in a car insurance policy .


Input: How To Get Medigap?

Output: You can buy a Medigap policy through a Medigap insurance agent - I highly recommend doing it through an independent agent who can shop your case among many carriers instead of just 1 or 2 through a captive agent -LRB- agents who are basically employees of a specific company and ca n't guarantee if you 're paying the lowest cost for a standardized Medigap plan -RRB- . You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting - this is THE BEST time to buy a Medigap plan . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Is Home Insurance Mandatory In Connecticut?

Output: No , the State of CT does not make it mandatory to have Homeowners ' Insurance , but if you have a Mortgage , then your lender does . When you are buying a home or otherwise obtaining a mortgage or home equity on a home , your lender , among other things will ask you to provide a copy of a binder or amended Homeowners Declaration Sheet showing them listed as an interested party on your property . They do this to protect their own interest , which makes perfect sense . However , if you have property , mortgage or not , this can be one of the most important investments you will make in your lifetime . Frankly , mandatrory or not , you owe it to yourself to protect your own interest and your family 's home .


Input: Can An 80 Year Old Person Get Life Insurance?

Output: While it 's possible for an 80 year old to get life insurance , it can sometimes be a bit of a process . At 80 one might still qualify for certain simplified issue policies . Simplified issue simply means that the normal medical underwriting requirements might not be quite as invasive as they would otherwise be . If the individual is in superlative health , he or she can also entertain a fully underwritten policy , meaning he or she will undergo pretty extensive medical underwriting in order to qualify for the life insurance policy . This would be the cheaper option per dollar of death benefit purchased , but requires the proposed insured to be in excellent health . If someone this age is considering life insurance time is of the essence as many carriers cutoff eligibility after age 80 and many more cutoff at age 85 . Very few will go up to age 90 , which is where almost all stop issuing policies .


Input: Can An 80 Year Old Person Get Life Insurance?

Output: Yes , an 80 year old person can get life insurance if they do not have a very serious health condition . There are final expense policies that can be purchased at age 80 , which are whole life and usually have a maximum face amount of about $ 25,000 . There are also medically underwritten policies up to any amount that can be bought by seniors of pretty good health .


Input: What Makes A Retirement Plan Qualified?

Output: Generally speaking , a qualified retirement plan is one legislated by the government with tax advantaged features to attract American workers to save for retirement . One example is The Employee Retirement Income Security act of 1974 -LRB- ERISA -RRB- that addresses defined benefit and defined contribution plans . And one of the most popular employer sponsored defined contribution retirement plans is a 401 -LRB- k -RRB- . Plan participants can make pretax contributions that accumulate tax deferred and some employers match a portion of the employee 's contribution . Of course distributions at retirement are taxed as ordinary income and there are penalties for distributions before age 59 1/2 .


Input: Can I Have Private Insurance And Medicare?

Output: Yes , people who have Medicare part A & B can also have a Medigap Plan -LRB- or Medicare Supplement Insurance -RRB- . A Medigap Plan covers what original Medicare Part A & B does not such as co-insurance , deductibles and co-pays . These plans are offered through private insurance companies . The best way to compare Medigap Plans is to contact an independent agent that can you show you quotes from all the major private insurance carriers .


Input: What Is The Age For Medicare Coverage?

Output: Most people will go on Medicare when they turn age 65 . Medicare Part A which covers hospital care should come automatically . Then you need to decide if you need Medicare Part B . If you are retired then you need Medicare Part B which covers doctors and tests . If you are still working then check with your benefits department to see if the company offers a plan or if you should get Part B and a Medicare Supplement Plan . Medicare Part A & B only covers about 80 % of the cost of care so it 's a good idea to look at getting a Medicare Supplement Plan to cover the difference . An independent agent that specializes in Medicare can be a big help in understanding your options and reviewing the plans with you .


Input: Will Homeowners Insurance Cover Engagement Ring?

Output: Most home insurance policies provide minimal coverage for items such as jewelry ; but it is minimal coverage and your deductible will apply . However , most home insurance companies allow these types of items to be scheduled on the policy . Scheduling allows you to select the amount of insurance for each item scheduled ; and it also usually allows for broader coverage and in some cases there is no deductible . Insurance is different in every state and every policy is different . For starters , make sure to review with your professional insurance agent to select the right policy , and then review to see if scheduling any items is beneficial to your situation .


Input: Will My Health Insurance Pay For A Gym Membership?

Output: Most likely , and technically , no it does not . In most allcases it is usually a Wellness Program that pays for a gym membership , and even then it is usually a reimbursement payment . But , there are some instances where an employer defined contribution plan or self-insured plan will pay for a gym membership or has a membership built into the benefits package .


Input: Does Health Insurance Become Taxable?

Output: Not today , but someday it is very possible . Health insurance is about the only insurance or benefit sold where both the employer and employee get a tax break on it . The employer gets to write off the expense of providing health insurance to employees . Employees do not pay income taxes on the benefit received or any taxes on the claims paid . For several decades the government has kicked around changing the tax status to match other benefits . Things are swinging in the taxable income direction as we are now seeing the employer contribution for insurance starting to appear on W-2 , which if it is n't going to be a taxable benefit , why put it on the basic employment tax form ?


Input: Does Health Insurance Become Taxable?

Output: Eh ... . little more involved than thatThe Affordable Care Act was enacted on March 23 , 2010 . It contains some tax provisions that are in effect and more that will be implemented during the next several years . The following is a list of provisions for which the IRS has issued proposed and/or final guidance ; additional information will be added to this page as it becomes available . WEBSITELINK


Input: What Is The Monthly Cost Of Homeowners Insurance?

Output: The only way to receive accurate estimates for yourself is to contact a few insurance agents in the area you 're considering purchasing a home . An insurance agent can provide a quote for a property you 're considering purchasing . Home insurance rates can vary greatly based on geographic location , the individual home and the individual homeowner . The average monthly cost of 20 homeowners in Austin TX might be $ 100/month , but the average monthly cost of 20 homeowners in Houston TX might be $ 200/month because of the greater risk of hurricanes .


Input: How Much Life Insurance Does A 30 Year Old Need?

Output: That really depends on your current situation . Are you married ? Do you have children ? A mortgage ? Do you support your parents ? If you were n't around any more , how difficult would it be for your family to survive ? One way to look at how much life insurance to get is to figure out how much of your income your family needs each month -LRB- include things that you do that they may now have to hire people for -RRB- and how long they will need it . -LRB- For instance until your kids are through school -RRB- . That is how much life insurance you need .


Input: How Much Life Insurance Does A 30 Year Old Need?

Output: The most typicallife insurance is term , which is used for covering specific needs that will disappear with time , such as : - Income replacement - Financial security for dependents - Mortgage protection - College funding for children - Final/burial expenses If none of these apply to you or you have money set aside to `` self-insure '' , thenyou may not need life insurance at all . But if you do , just follow three simple steps . 1 -RRB- Decide on the `` term '' -LRB- length of coverage -RRB- . It should be long enough to see your kids grown and through college . 20 -25 years , is typical . 2 -RRB- Determine the amount of coverage . Use an online insurance needs calculator . There is one that is thorough and easy to use at WEBSITELINK Once you 've decided on term and coverage ... 3 -RRB- Comparison shop . There is a big difference between costs from insurer to insurer . Again , visit a a website to arm yourself with life insurance quotes from A-rated insurance companies . 4 -RRB- Then talk to an agent . They can often get you an even lower price . Or if you have complicating factors -LRB- health , age , other needs -RRB- , they can find you the best deal .


Input: How Much Life Insurance Does A 30 Year Old Need?

Output: Determine who you love . How would your unexpected passing affect them ? Would you be leaving behind obligations that they could not bear alone ? Would the loss of your income affect their lives ? Would they have the same future that you wanted to give them ? Then go back to the original question , `` how much do you love them ? ''


Input: How Much Life Insurance Does A 30 Year Old Need?

Output: Any life insurance policy is always financially analyzed according to future financial needs for any sudden mishap ending in the death of someone or for the creation of an estate for generations to come when someone passes on . A 30 year old is at a young age where rate is important and health so they may get a preferred rate resulting in lower premiums and higher benefit . You may also choose however much insurance to buy at your discretion in order to build and estate and leave your loved ones financially secure . Speak to an agent let them advise you further . I am always open to consultation .


Input: Can I Take Out Life Insurance On My Ex-Husband?

Output: Can you take out life insurance on your ex ? Yes , there are a couple of ways that you could go about this . The first way is with their consent . The EX spouse would have to agree to be insured and you could be the owner . The second way , which in Divorce situations is probably the most common , is have the court require the ex spouse to carry life insurance for a certain number of years and a certain face amount to ensure future support payments if an early death occurs .


Input: Can I Take Out Life Insurance On My Ex-Husband?

Output: Yes , you can take out life insurance on your ex-husband if there is an insurable interest and he will sign the application and go through underwriting . Often the court mandates a life insurance policy on an ex , or it is necessary to make sure that the child support and/or alimony get paid if something happens to the ex .


Input: Can I Take Out Life Insurance On My Ex-Husband?

Output: You can take out a life insurance on your ex-husband as long as your ex-husband agrees to having you take out a life insurance policy on him . He will need to sign the application as the Insured person , even if you are the Owner and Payer of the policy . Also , there must be a financial reason for you to have life insurance on your ex-husband . E.g. . He pays child support or alimony that would be lost if he passed .


Input: How Long Has Long Term Care Insurance Been Available?

Output: Long Term Care Insurance started to become available in the 1980 's at a time when nursing home costs were rising drastically . The first Long Term Care group policy was written in 1987 . The federal government tried to make LTC policies more popular by offering tax favored status for purchasing tax qualified plans in the last 1990 's .


Input: How Are Auto Insurance Companies Rated?

Output: There are various services out there rank insurance companies based on differing factors . Two the main rating services that I am aware of are AM Best and Wards , but there are many more . To find the carrier that may be best for you contact your friends and family and ask them what carrier they use and if they are happy with the service that they are being provided .


Input: Can A Homeowner Buy Renters Insurance?

Output: If you own your house you need a homeowners policy because Renters insurance does not cover the dwelling . Part of your homeowners policy is personal property coverage which covers your personal belongings any where in the world . Coverage is limited to 10 % of your personal property limit if a claim occurs away from your home . For example , you are traveling on vacation and your luggage is stolen . Your house is insured for $ 500,000 and you have $ 350,000 personal property coverage . You will have coverage up to $ 35,000 for your stolen luggage .


Input: Who Underwrites Direct Line Car Insurance?

Output: Direct Line is handed in Europe and morespecifically , Great Britain . Here in the United States , there are many major car insurance companies that offer affordable coverage . You can easily shop and compare different rates through experienced brokers . Just like the famous saying says ... We shop and you save ! And it 's true !


Input: How Do Unit Linked Annuities Work?

Output: There are two basic types of annuities : immediate and deferred . With an immediate annuity , you exchange a lump sum for an immediate income . This is often used as retirement income . All , or part of , the income received from a unit linked annuity -LRB- variable annuity -RRB- fluctuates based on the performance of the fund or funds you have selected . A deferred annuity is an accumulation plan that provides the option of an income annuity in the future . In Canada unit linked or variable annuities are called segregated funds or seg funds . They are similar to mutual funds and their value will increase or decrease based on performance . Since they are issued by insurance companies , they do offer maturity and death benefit guarantees . Some offer the resets or the locking in of maturity guarantee to protect investment gains . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community .


Input: What Is The Best Way To Shop For Cheap Life Insurance Rates?

Output: Using an independent agent can help ensure that you get the best life insurance policy possible for your budget . People often begin the life insurance buying process by getting quotes for low cost life insurance from a few different websites . This is a good way to do basic research and get an idea of what your life insurance policy might cost . But when it comes to making a decision to apply for life insurance , we find most people really want to talk with a professional who can answer their questions and help to make sure that they are choosing the best life insurance policy for their needs .


Input: What Is The Best Way To Shop For Cheap Life Insurance Rates?

Output: That is an excellent question ! These days , everybody searches on the internet for things , and you could do that for insurance , but I would n't , and here 's why . Most internet sites are going to give you a `` quick quote '' , based upon the best case scenario . In a great many cases , that `` best rate '' wo n't in truth apply . It 's legal , because it COULD apply , but misleads many people to believe that would be their price . I seriously recommend that you search the internet for local independent agents , and then talk to a couple of them personally . Once they know a little bit about you , they can give you pretty accurate quotes from several companies , and let you see the differences between them . You want this person to be someone that you form a relationship with , to be there for you when there is trouble , and I 'm not sure an internet site can do that as well as a live body can . Give that a try , okay ? Thanks for asking !