Input: Is 401K Company Match Taxable?

Output: There are circumstances under which the employers contribution might be treated as something other than deferred income but generally speaking the entire proceeds including employer 's contributions from a 401 -LRB- k -RRB- plan , minus any excess contributions made with after tax dollars , is fully taxable as ordinary income upon distribution . The exception involves an employer contributing stock of the company .


Input: Does Homeowners Insurance Cover Roof Leaks?

Output: Your homeowners policy may cover a roof leak up to the policy limits less your policy deductible if the cause of the roof leak is due to a covered incident . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Is A Life Insurance Physical Exam?

Output: A life insurance physical exam is an exam done to satisfy the underwriting requirements for a medically underwritten policy . It is usually done by a paramed company that has offices across the country . The person being insured usually has the exam done at their home or place or work , but they can go in to the paramed office , if they like . Most life insurance exams involve a blood test , urine test , measurements , vital signs and health questions .


Input: What Is A Life Insurance Physical Exam?

Output: A life insurance physical exam is also known as a paramed exam . This is an underwriters opportunity to take a snap shot of an applicant 's current health . A nurse or paramed examiner will come to you and take a health history and perform a few tests . Some of the most common include height , weight , blood pressure , urinalysis , blood draw , mouth swab and pulse . Depending on age and amount of insurance they can require more testing such as an EKG . The paramed examiner submits the report and findings to the underwriter to compare to medical history and doctors records . You will find with underwritten life insurance plans this is a very common practice and is paid for with your normal life insurance premiums . Therefore there is no out of pocket charge for applying .


Input: What Does Health Insurance Out Pocket Maximum Mean?

Output: Your OOP -LRB- out of pocket -RRB- limit is a moving target and can be a misnomer . Usually it means the maximum amount you may be required to pay during a calendar -LRB- or plan -RRB- year but that can be misleading . Your OOP almost always includes the deductible and coinsurance but does not include any copay 's for Rx or doctor visits . If you have OON -LRB- out of network -RRB- charges from non-par providers you OOP can be considerably higher , including a separate OON deductible , higher coinsurance and higher OOP for non-par providers .


Input: Can You Take A Loan On A Term Life Insurance Policy?

Output: No , term life insurance does not build cash value to borrow against . You can only borrow from a policy that builds cash value , which would be a permanent insurance policy such as Universal Life or Whole Life insurance . If you have a term policy , you may be able to convert all or a portion of the coverage to a permanent program that can build cash value -LRB- you can also look at securing a new policy to supplement or replace the existing one as it may offer better guarantees and/or lower premiums than the conversion option for the existing coverage -RRB- . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: Can You Take A Loan On A Term Life Insurance Policy?

Output: No you can not . That is a problem with Term . It may cost less to start , but it builds up no cash value . With either Whole or IUL you can build up substantial cash value , frequently bringing the cost down over time versus term . I recommend Equity Indexed Universal Life , which is available from Premier Financial Alliance , from National Life Group . It does not go down , only up , with the stock market . You should talk with your agent working with PFA . Thank you . GARY LANE .


Input: Can You Take A Loan On A Term Life Insurance Policy?

Output: At no time in the life of Term policies do they have cash value to borrow against , so no you can not borrow against a term policy . Additionally you can not use a term life policy as collateral for a loan as you can with a Whole Life policy . Credit term policies are designed to pay off a debt in the case of death of the debtor before the credit is repaid . On the other hand , Whole Life policies have cash value , grow wealth tax free , may be used as collateral and may be borrowed against . Contact me for more information .


Input: Can You Take A Loan On A Term Life Insurance Policy?

Output: Unfortunately , term life insurance does not have any cash value to accumulate so there is no money to borrow . Cash value policies such as whole life and universal life do have cash value to make loans against . This is why cash value life insurance policies are considered permanent insurance and term life insurance is considered temporary insurance .


Input: Can You Take A Loan On A Term Life Insurance Policy?

Output: No , unfortunately , you can not take a loan on a term life insurance policy . That is because term life insurance does not build up a cash value , and thus , there is no money to borrow from within the policy . The premiums you pay for term life go only to providing a death benefit .


Input: Can Car Insurance Automatically Renew?

Output: Yes . Most insurance policies will renew indefinitely upon the designated renewal period , unless something happens . Some examples of things that can happen that will cease the automatic renewal are : you cancel your policy ; you do n't pay your premium ; you make a lot of claims and your insurance company submits a letter of non-renewal ; you committed fraud and the insurance company cancels the policy . These are just a few of the reasons a policy might cease . However , absent some type of notice your policy will renew . I hope this helps .


Input: Can Car Insurance Automatically Renew?

Output: Most standard issue car insurance policies are issued on what is called a `` continuous renewal '' basis . That is , so long as the insured continues to meet a company 's underwriting standards and they pay their premium , the policy will continue to renew for a new term either on the anniversary date , if it is an annual contract or every six months oif issued as a semi annual contract . As was stated earlier , if anything changes within the two areas that I listed above , namely failure to pay , numerous accidents or moving violations , etc. , then more than likely an insured would be subject to cancellation or non renewal of their policy by the insuring company .


Input: Is FERS A Qualified Retirement Plan?

Output: The FERS is aqualifiedplan . The is the federal employees retirement system for federal government employees.Most of these plans are defined benefit retirement plans , but some offer defined contribution plans , which are becoming more popular .


Input: What Is Suze Orman's Advice On Long Term Care Insurance?

Output: Suze Orman recommends long-term care insurance , if it fits and one can medically qualify for it . She is currently taking care of her 90-year old mother who refused to letSuze buy long-term care insurance on her when she could have qualified for it . Of course , Suze has the means to keep her mother at home to the tune of about $ 25,000 / month . That 's what 24/7 skilled nursing care costs at this point in time . A facility would cost less , but mom naturally wants to stay home as long as possible . Suze is fortunate to have the means to have that happen . Ironically , Suze waited too long to apply for her own long-term care insurance . In waiting , she developed some type of medical condition that precluded her from qualifying for coverage when she did apply . In virtually all of her commentary on planning for retirement , Suze mentions the need to at least explore the financial prudence of applying for some amount of long-term care insurance . Long-term care insurance is not for everyone . But , everyone should have a plan for being taken care of during late life and insurance might be part of that plan .


Input: How Do You Know If You Need Long Term Care Insurance?

Output: Based on the medical and extended care spending habits of seniors with the additional life expectancy predicted for the future , the likelihood of long term care is significant . Another senior factoid is your family history , where predispositions to disease or a culture of confinement occurred in you lineage , you may need long term care .


Input: Does Medicare Pay For Blood Work?

Output: Medicare will pay for blood work that is done to diagnose or monitor a health condition . Unfortunately , Medicare does not pay for blood work done for preventative reasons or as part of an annual physical . If the blood work is done in the hospital , Part A pays for the blood work . If the testing is done on an outpatient basis , the blood work is paid for by Part B.


Input: What Is The Best Type Of Life Insurance To Purchase?

Output: It depends on the need . Term insurance is ideal for short term protection -LRB- e.g. paying off a mortgage or providing income in the event of an early or unexpected death -RRB- . Permanent insurance is ideal for long-term safety net protection , estate planning , retirement planning . Many people buy both types of coverage - some permanent to protect against the future after other debts are paid off and some term to cover time-limited debts -LRB- such as a mortgage , car , etc. -RRB- . Term insurance provides more bang-for-your-buck up front , but it 's only for a short period . Permanent insurance allows you to pay the same premium for the rest of your life without having to worry about it going up in the future . A brief description of the two types of coverage are as follows : Term life insurance guarantees the premiums will remain fixed for a specific number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- . Once the initial period of premium guarantee expires , the program changes to either annual renewable term insurance with premiums increasing each year -LRB- based on age -RRB- or the premiums remain the same and the death benefit decreases each year -LRB- this structure can be seen on term insurance that is featured on a universal life chassis . There is no cash value build-up in term insurance . Permanent life insurance is designed to provide coverage for the rest of the insured 's life and build cash value . Under a guaranteed universal life -LRB- GUL -RRB- program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . Whole life features level premiums and death benefits and builds cash value at a faster rate -LRB- participating WL policies may pay dividends that can be used to increase the death benefit or decrease the premiums over time - non-participating WL policies do not feature this ability -RRB- - the trade off between this and guaranteed universal life is that to increase the cash value faster , the premiums will generally be substantially higher . For both GUL and WL , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , GUL policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . I highly recommend consulting with an independent insurance agent/broker to determine what policy benefit structure will best serve your needs , review quotes , and help you through the application and underwriting processes . You can send me a message by clicking on the `` contact me '' button if you would like assistance with your coverage .


Input: What Is The Best Type Of Life Insurance To Purchase?

Output: What is the best type of life insurance to purchase ? The answer depends on what you want the insurance for and for how long the coverage is needed . Life insurance basically creates cash at death which can be used to create or conserve wealth . There are additional features available depending on the type of plan and how you are planning to use it in your overall financial planning . Here are the main types of life insurance and some factors to consider : Term life insurance As the name implies , coverage is for a specified term : 5 , 10 , 20 , 30 years , etcetera . At the end of the term the term the policy renews at a higher premium . Factors to consider include : how long you need the coverage for , the rate at renewal and if you will need to convert to permanent insurance . Whole life insurance With whole your coverage is for your whole life . The factors to consider include whether the policy is participating and is eligible for dividends or non-participating . In addition the policy guarantees such as premium and cash value . The company financials and dividend history are important considerations especially when considering a participating whole life policy . Universal life insurance Coverage for your whole life if properly managed . This type of coverage offers more flexibility in premium level , insurance cost and investment options . These are all factors to consider . Working with an independent insurance broker , who understands your needs , will help you decide on the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can Full Time Students Get Health Insurance?

Output: Yes , you can . There is some chance the college/university you are attending offers a student health insurance plan though these are becoming increasingly rare because of their general inability to meet the requirements of ObamaCare . If you are under age 26 you can still be covered as a dependent on your parent 's group or individual health insurance policy . You can apply for individual health insurance coverage either through a government health insurance marketplace or from an insurance broker and/or insurance carrier outside of the government marketplace -LRB- please note that depending upon your circumstances you may not be eligible to enroll for individual coverage until the next open enrollment period beginning November 15th for coverage effective January 1 , 2015 at the earliest -RRB- . And finally , you may want to consider applying for a short term major medical insurance policy . Short term medical policies do have a few underwriting questions , you can be declined for coverage and they do not cover pre-existing conditions . These limitations aside , for a healthy young person a short term medical policy may be the most cost effective solution to protecting yourself against future accidents or illnesses . You would be well served to seek out an experienced health insurance broker to assist you in finding the best solution for your needs and budget .


Input: Can Full Time Students Get Health Insurance?

Output: Yes . You can secure an individual health insurance policy on or off the exchanges during the open enrollment period . If you 're under age 26 , you can also stay on your parents health insurance . I hope the information is helpful - please feel free to contact me for assistance and if you have any questions . Thanks very much .


Input: What Kind Of Damage Does Homeowners Insurance Cover?

Output: Moderns standard issue Home Insurance policies provide coverage for a very broad range of perils . It is important to discuss the particular terms and conditions of your policy with your Insurance Professional . For the most part you will find that there are two very common perils for which a Homeowners ' policy would provide no coverage . These two are Earth Movement and Flood . Coverage for earth movement may be able to be endorsed onto your policy but flood coverage is only available by the purchase of a Flood Insurance policy .


Input: How Much Is Life Insurance For A Child?

Output: Depends on the age of the child . I like to show clients limited pay whole life for children . Meaning it 's not pay premiums for lifetime . 20 pay means that the premiums are payable for 20 years and then the policy is `` paid up '' . 10 Pay is the same except it 's paid up in 10 years . They can keep the policy or surrender it for cash once it 's transferred to the child 's name . I do many $ 25,000 20 pay plans for 1 and 2 year olds . Usually it 's the grand parents buying them . The premium for that is from $ 15 to $ 18/mo . depending on male or female . About twice that is you gow ith 10 pay . I do n't care for child riders but they are better than no coverage .


Input: How Much Is Life Insurance For A Child?

Output: Child Riders : I always offer a child rider to parents . Recently -LRB- today -RRB- I added $ 20,000 child rider a mother 's policy . It cost her a whopping $ 8.60 . Not each , but for all 4 children . So the cost per child is $ 2.15 . And if she has more children or adopts they are covered from the 15th day of life with no qualifying . No extra cost . The automatic coverage has meant the difference of being able to cover a child born with a grave illness or not . Which brings up another benefit of most child riders . Guaranteed convertibility of up 5 or 6 times the amount . In the case above when a child reaches age 25 they have the guaranteed right to convert the $ 20,000.00 rider to $ 100,000.00 Permanent plan . No medical questions , no exams , no blood work . At standard rates . That is a huge benefit . We have converted young cancer patients , a Marine in Iraq and a 25 year old that had been in a coma for years to name a few . All for $ 8.60 or $ 2.15 per child . And they can still buy individual policies on the kids . Or use the saved money to buy much more coverage on mom and dad . Individual child policies : I am also a big proponent of short paying a childs policy . Actually just about anyone under 60 that can afford the extra premium . I do not really show cash values on small policies as they take a very long time to grow and normally do not amount to much . Twenty years ago we were selling $ 5,000 Burial and Child plans . While better than nothing , the now grown children are underwhelmed with the face amount or small cash values . Today I am suggesting much larger plans . Not child plans but plans that will be worth more when they are adults and need to protect their own children . $ 50,000 , $ 100,000 or even $ 250,000 plans are not unusual and very reasonable from top rated Insurance Companies . Starting at about $ 20 . As always an experienced Life Insurance Agent is your best source of information . One that has more than one or two companies or types of insurance .


Input: How Much Is Life Insurance For A Child?

Output: Most individuals add children to their term life policies , for $ 10,000 on each healthy child , you can expect to pay , around $ 5.00 or $ 6.00 per month . Many also purchase a Whole life insurance , however these polices are much more expensive in the long run , even tough the monthly premium may be lower .


Input: Who Can I Add To My Auto Insurance?

Output: If you get married , then you can add your spouse and their car to your policy . If you and your spouse are parents and your kids become licensed drivers , then you can add them to your policy . Generally speaking if you have another relative who is residing with you , they can be added to your car policy as well . If you have a resident nanny for your younger children , and that person will have regular use of your car , then it is properto add that person to your policy as well .


Input: Who Can I Add To My Auto Insurance?

Output: Car insurance covers an automobile . In California the car is linked to a household . Any licensed driver in the household is considered as part of the policy , unless they have been excluded . You must provide your insurance agent with a list of all licensed drivers in your household . If you loan your car to someone who does not reside with you and is not a member of your household the car will continue to be covered . There isnt any need or justification for adding someone who is not in your household to your policy .


Input: When Does Mandated Health Insurance Start?

Output: Mandated insurance starts October 1st 2013 when Exchanges begin to operate.Insurance policies purchase on the exchange wont be effective until January 2014 . Most or all Health Insurance Companies are already selling plans that meet parts of the mandate that is already in effect . Large business part of the mandate will have another to implement 2014 .


Input: Can Life Insurance Test For Tobacco?

Output: Yes . Most life insurance carriers are very specific about rating their customers into categories , such as Non-Smoker or Smoker . While each company has a different name for how they classify it , each holds the risk to tobacco users and non-tobacco users , who have different life expectancy 's , therefore different risks to the insurance company . The methods of discovery can be blood and urine test , or even a simple mouth swab which is used to detect trace amounts of nicotine . Some companies do n't mind a little use , while others are very restrictive .


Input: Can Life Insurance Test For Tobacco?

Output: Yes , when you take an exam as part of the life insurance application process , the lab will test for the presence of cotinine in blood , urine and/or saliva . Cotinine is a metabolite of nicotine that lasts longer than nicotine so can be detected longer , and is a more accurate measure of smoking activity . If you take a policy that does not require a paramed exam , no such test will be done . The application usually asks if the applicant has used tobacco in the past year , and if the company orders medical records , they could find out about smoking that way .


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

Output: When a life insurance policy is paid up , it means that you do not need to pay any more premiums in order to keep the policy in effect . It means that the policy you purchased required premiums for a limited period of time , and that time has now been fulfilled .


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

Output: Generally this refers to participating whole life policies that use accumulated paid dividends to pay all future premiums until the maturity or endowment date . Some guaranteed universal life policies can be purchase in single pay or limited pay structured to be paid up as well , but without dividends or based on the crediting method of the policy .


Input: What Is Whole Life Insurance And How Does It Work?

Output: Whole life insurance is financial protection for your life and your income . The purpose of life insurance is to replace income lost when you pass away . Your beneficiary -- the person you chose to receive the replacement money -- will receive a check or a series of checks when you pass . In most cases , a beneficiary is a spouse or a child . A beneficiary should always be someone who depends on your income to survive . Whole life insurance covers you for your entire life . A major difference between whole life and term life is that whole life grows cash value . Cash value is somewhat of a savings account within your insurance policy . In the first few years that you pay into the policy , the insurance company charges higher rates than is necessary to insure your life . The extra amount that you pay goes into the cash value account . Cash value grows over time and can be borrowed against if you need cash .


Input: What Is Whole Life Insurance And How Does It Work?

Output: Participating whole life insurance is manufactured by a mutual company where the policy holders own the company and elect board members who annual declare a dividend . A dividend is a return of unused premium and is not guaranteed . However , there are guaranteed cash values and death benefit that are contractual apart from the dividends as long as the stated and scheduled premium is paid .


Input: What Is Whole Life Insurance And How Does It Work?

Output: Whole life insurance is as the name suggests a product designed to provide coverage for your whole life . There are several variations , for ease of understanding , I will cover the base plan . The cost of insurance increases as you get older and the risk of dying increases , Whole life is based on the level premium principle - you pay more than the cost of insurance in the early years and the excess accumulates . That excess is used by the insurance company to offset the amount at risk to keep the premium level . If you have further questions , please do not hesitate to contact me ,


Input: What Is Whole Life Insurance And How Does It Work?

Output: Whole-Life Insurance is the type of insurance you buy if you want to pay a level premium that is fully guaranteed and have lifelong coverage . You can pay the premium over your entire lifetime or you can choose to pay it in full over 10-years , 20-years or paid up at age 65 . You can even pay one large premium and be paid up for life .


Input: What To Think About When Buying Life Insurance?

Output: Great question ! To make it really simple , think of four things : What do I want it to do ? How long do I want it to last ? How healthy am I ? How much can I safely afford to spend ? The answers to those four questions will give you a better idea of what to look for when shopping for your policy . For example : your answer to the first question is '' I want it only to cover my funeral expenses '' . The answer to the second : '' I 'm 70 , so until I need it . '' And the third : `` I have some fairly serious health issues '' . and the fourth : `` I only have a small amount I can spend '' . Now when you approach an agent you can better match a policy to what your needs are . Find a good agent that will help you find a policy that matches your need and budget . If you would like more information , please contact me , I 'd be happy to help . Thanks for asking !


Input: What To Think About When Buying Life Insurance?

Output: The most important factor in life insurance is death benefit and providing enough when you 're gone . Life insurance can also have savings and investment attributes as well . If you 're looking to provide a specific amount of money and it 's only needed for a certain time period , then term insurance with a precise death benefit is most important to think about . If you are a conservative , long-term investor that wants to build cash value in a policy and you 're need for death benefit is n't great then a permanent or contributing policy is important to think about when purchasing coverage . Regardless o what type or how much you apply for ... make sure to complete a thorough needs analysis with an insurance broker .


Input: What To Think About When Buying Life Insurance?

Output: At LifeQuotes.com we like to have applicants articulate why they want life insurance to make sure that we recommend the right policy from among our 35 life insurers . Important questions to answer are : Why do I think I need life insurance ? Who should get what if I die ? Who are my current dependents ? What is my current and future debt situation ? By when will I have no dependents in my life that I am responsible for ? What would my spouse do or live on if I died ?


Input: What To Think About When Buying Life Insurance?

Output: Life insurance can solve a lot of different issues . The most obvious would be to replace your income and repay debt in case of your sudden demise to protect your loved ones . Be sure to calculate all of your debt and future debt if you would like to educate small children . Next calculate at least ten times your income for your beneficiary to invest . This should in most cases replace your income by annuitizing the gains to be paid to your loved ones on an ongoing basis . The next thing to consider with life insurance is your critical needs and retirement needs . There are plenty of different types of policies and riders that can help with retirement free income , lump sum cash in case of a critical illness such as heart attack , stroke or cancer . There are even riders to help pay for a long term care situation . Because there are so many options with life insurance , I recommend finding an experienced independent life insurance broker you are comfortable with to help navigate these policies and options . A broker 's services are free in most cases .


Input: When To Buy Fixed Annuities?

Output: A fixed annuity will have an interest rate that is guaranteed -LRB- for a period of time -RRB- . They tend to be safer and more reliable than a variableannuitywhich will invest -LRB- or potentially can invest -RRB- in stocks and bonds . Traditionally , older persons have had fixedannuitiesas part of their investment portfolio .


Input: When To Buy Fixed Annuities?

Output: Whenever you consider purchasing an investment or savings product , you need to consider if youre risk profile and financial goals are suitable for the product youre buying . Fixed annuities are no exception . But here are some guidelines . Annuities ultimately are for income purposes . Tax deferral fixed annuities can have an economic impact during accumulation and an additional feature of mortality credits when annuitized . If youre a long term conservative saver , looking for income fixed annuities could be for you .


Input: Can You Claim Disability Insurance Premiums On Taxes?

Output: You can not claim disability premiums as a write off on your taxes as an individual . However , if you own a company and are providing disability insurance for your employees then yes you can write off your disability premiums . There is an advantage to owning disability insurance . Since you are paying the premiums , if you have a disability claim then all the proceeds or income from that plan are tax free to you . Whereas if your employer pays your premiums and he claimed them on his taxes , your disability proceeds would be taxed as income .


Input: Can You Claim Disability Insurance Premiums On Taxes?

Output: Disability Insurance Premiums can be tax deductible , if you have a legitimate business and you wish to expense the disability insurance premiums . Keep in mind that once you deduct the disability insurance premium , the benefits will be taxable as ordinary income . Another advantage of expensing disability insurance is you can cover up to 80 % of your compensation .


Input: Does Homeowners Insurance Cover Black Mold?

Output: Mold is an issue that has received a great deal of attention in the media . A homeowners policy is designed to cover specified perils . Most of these perils are sudden and catastrophic . Mold is in every home all the time . Building materials provide a food source for mold . All that is needed for rapid growth of mold is moisture . The issue is frequently leaky pipes . The damage caused by leaky pipes is generally excluded . Speak to your agent before filing a claim to make sure that you have a solid claim .


Input: Does Aetna Have Life Insurance?

Output: Aetna states on their website that their life insurance coverage is available through employer provided plans only , and is not available for individual sale . So Aetna does have life insurance , but it can only be obtained through a group plan at one 's place of employment . To purchase an individual life insurance policy , contact an agency or website that advertises Life Insurance .


Input: Will Homeowners Insurance Cover Broken Sewer Line?

Output: Good idea to check with your Insurance Professional about your particular policy , but in general , it is not likely that your Homeowners ' policy will cover a broken sewer line . For the most part , these breaks can occur due to some form of earth movement around the pipe and earth movement damage is excluded from coverage in a standard Homeowners ' policy unless endorsed onto the contract .


Input: Will Homeowners Insurance Cover Broken Sewer Line?

Output: A homeowners policy protects property against damage caused by a list of perils . As mentioned , earth movement is not one of the covered perils in most policy . However , if the line is damaged by one of the named perils , there would be coverage . The policy does not intend to cover routine maintenance items , it is designed to assist in those damage situations that are too great to handle .


Input: Why Choose Universal Life Insurance?

Output: A universal life policy divides the death benefit from the cash accumulation features of a whole life policy . It places some control in the hand of the policy owner to determine the amount of funding that the policy will receive . Universal life policies traditionally allow the owner to change the rate of deposits or even skip deposits for a time . This provides great flexibility . There isnt any guarantee , however , that the universal life policy will outperform a traditional whole life policy and may cost more in the long run .


Input: Why Choose Universal Life Insurance?

Output: Some reasons to choose Universal Life Insurance are : 1 -RRB- It is flexible . You can adjust the face amount downward , adjust the premium up or down , or dump in money to make the policy fit where you are at in life . You can also adjust the funds for IUL and VL , and the amount of coverage you have in each fund . 2 -RRB- It is low priced for permanent coverage . No lapse Universal Life can be purchased with very low cash value so that the premium goes to getting the longest possible coverage at the lowest rate . 3 -RRB- It has the potential to perform better than shown . You know the worst it can do , but it can outshine that .


Input: What Happens To Life Insurance When You Retire?

Output: If you have a group term life insurance policy through your employer , that life insurance policy normally ceases to exist once you retire . You may be offered a conversion option , or in some cases , there are true portability features in the group term life plan that you want to exercise .


Input: What Happens To Life Insurance When You Retire?

Output: For individual life insurance policies , a person would just continue to pay their premiums if they wanted their coverage to continue . For group life situations , the coverage usually ends at retirement or is offered as individual coverage at a very high rate since it is not medically underwritten , it is priced as if this is the only policy a person could find . If you are retiring and need insurance , it pays to look elsewhere .


Input: What Happens To Life Insurance When You Retire?

Output: Nothing happens to life insurance when you retire . You just keep on paying the premium and your coverage continues as before . If you have a paid up policy , you can just hang onto it . You might want to make some decisions about the amount of coverage you have and how much you are spending on life insurance at the time of retirement . It is best to meet with your agent to review your coverage and make wise choices about going forward .


Input: How Much Is Health Insurance For One Person In Ohio?

Output: Health insurance for one person in Ohio can cost as little as $ 30 per month , depending on your age , zip code and the type of plan you are purchasing . A temporary policy will be the cheapest type of medical coverage . Recent legislation -LRB- Obamacare -RRB- has created the Ohio Health Exchange , that includes a federal subsidy that could substantially reduce your premium . But how do you get these low rates ? As an experienced broker here in Ohio -LRB- just North of Cincinnati -RRB- we utilize our experience -LRB- 32 years in the business -RRB- along with our top-rated websites to find the best options for consumers . Your monthly premium may be as low as $ 30 or quite a bit higher . The most important thing is to ensure that your existing conditions are covered and the most cost-effective policy is elected , so you pay the lowest premium for the maximum amount of benefits .


Input: Is Life Insurance Agent A Good Career?

Output: Just as each person is unique , not everyone will find the Life Insurance profession appealing . Not every life insurance agency is the same either . Some personalities will thrive in some environment , while others thrive elsewhere . The good thing about the life insurance business is that for most of us it is a high-touch business . We get involved in the personal life of our clients . It is rarely a high pressure business but it requires a significant amount of self-motivation . For a personal assessment you should probably talk with your life insurance agent . If you like him and like what he does , it might be just the right fit .


Input: Is Life Insurance Agent A Good Career?

Output: Yes , being a Life Insurance Broker is a great career . What I tell agents/Brokers who have just received their license , who want to work through my organization , is to understand that the first 3-6 months may not generate any income or very little . It is important to make sure there is income from somewhere and to understand the reality . As you start to develop relationships , begin to help people with their Financial and Insurance needs , the income will start flowing in . I have seen agent/brokers begin to make over $ 100k IF you have the relationships which lead into business . For further discussion , do n't hesitate to reach out to me .


Input: Is Life Insurance Agent A Good Career?

Output: That is a great question ! Depending upon what type of person you are , it can be very rewarding , or very frustrating . At times , it can be both . In order to succeed as an agent , you must be willing to work long hours ; work off an unsteady source of income -LRB- there is no paycheck weekly , your money is paid based off what you sell -RRB- ; be thick skinned ; and be a quick thinker . If you love people , can work without a structured steady flow of income , and are motivated to work hard , it can be a great career . If you are the type of person who needs a structured environment , and is bothered by rejection , this may not be the right career for you . If you would like to discuss this a little more , in private , please contact me , I 'd be happy to help . Thanks for asking !


Input: How Much Is Car Insurance In Boston?

Output: Cheap car insurance in Boston can be found ... if you shop the right way ! Of course , as an experienced car insurance broker , we always emphasize to compare multiple companies since rates can vary . Re specific prices in Boston , of course , it depends on many factors , including your age , the type of vehicles that are insured , how they are used , coverages etc. . .


Input: How Much Is Car Insurance In Boston?

Output: The only way to find out is to request an actual quote . What I can tell you is that auto insurance will be more expensive in a big city such as Boston than in a less populated area because of the higher likelihood of a claim and the higher cost of repairs in a bigger city . Also , keep in mind that not all insurance is the same and you generally get what you pay for . I highly encourage you to get liability limits higher than the legal minimum in your state . Liability coverage is pretty cheap if you have a good driving record and if you ever have an accident and injure someone you 'll be VERY happy you have higher limits .


Input: Is Accidental Death Insurance The Same As Life Insurance?

Output: Acccidental death policies -LRB- also known as AD&D or Accidental Death and Dismemberment -RRB- are a partial type of coverage that only pays out a death benefit under certain conditions . For example , if the insured dies in a car accident , the policy would payout the proceeds to the beneficiary . However , if the insured dies of an illness -LRB- e.g. a heart attack -RRB- , no proceeds will be paid to the beneficiary . This type of coverage can be extremely cheap , however , the risk of dying by accident is very nominal compared to the risk of dying by illness , especially as you get older . Traditional life insurance policies provide full coverage -LRB- paying out death benefit proceeds whether death occurs by illness or injury -RRB- . Full coverage policies feature higher premiums than AD&D policies , but are very affordable and the ability for the policy to pay proceeds in the event of death by illness is an essential benefit to have .


Input: Is Accidental Death Insurance The Same As Life Insurance?

Output: No . Accidental death insurance pays only if you die from a specified , defined accident whereas the basic life insurance policy covers death by any cause , at any time in any place - except for suicide within first 2 policy years -LRB- 1 year in some states -RRB- . Accidental death insurance does serve a purpose , especially for young people because accidents are the leading cause of death for young people . Many accidental death policies for children are not available to applicants 15 years or older due to the huge and deadly track record of teenage drivers .


Input: Is Accidental Death Insurance The Same As Life Insurance?

Output: No it is two separate things . An accidental death policy also called AD&D -LRB- Accidental Death and Dismemberment -RRB- only pays a benefit to the beneficiary if theinsuredis killed accidentally . These policies are usually very inexpensive and guarantee issue underwriting . A full life insurance policy covers all types of deaths including accidental death . The only exception is on suicide which all most all policies have a two year exclusion for that cause of death . An accidental rider can be added to most life insurance policies very inexpensively to double the face amount in case of an accidental death as well .


Input: Is Accidental Death Insurance The Same As Life Insurance?

Output: I have two things to add to this conversation . Accidental death claims are infrequent , but they do occur . Sound financial planning would never be built upon an assumed accidental death . However , some people can not qualify for life insurance and for them accidental death insurance is their only option and they should exercise that option .


Input: What Company Has The Cheapest Home Insurance In Pennsylvania?

Output: Purchasing insurance is not like purchasing most products . If you want to purchase a cheap tv , you can compare similar models prices and buy the cheapest . Insurance is written according to your individual needs ... it 's custom made to protect the underlying assets it shields . Your Home Insurance quote will be based off several aspects of your home such as : Square footage location age of your home distance from hydrants and your local fire department the estimated replacement cost to rebuild the home whether or not you have any other structures on your property -LRB- garages , sheds , pools , etc. -RRB- Your personal credit history , insurance score , age , married status , and claim history will also come into play . Insurance companies will then take all that information and catogorize you with similar risks and calculate a rate -LRB- purchase price -RRB- for you . It can then be modified to fit your budget by adjusting deductibles , limits , and valuation types . This is why it is so important to speak to a licensed professional who can help create a custom policy for you that will shield all of Your specific needs . If you are interested in more help from me , visit www.PaInsuranceMadeEasy.com to connect !


Input: What Life Insurance Should I Have?

Output: The type of life insurance you purchase should meet your purposes for your policy . If you have a temporary need -LRB- e.g. to raise your children if you passed away while they were young -RRB- , Term insurance has the lowest cost per thousand dollars of coverage . If you have a permanent need -LRB- e.g. want to pass an inheritance to your grandchildren -RRB- , Whole or Universal Life is needed so that it is assured to stay in effect until your death .


Input: How Much Do Medicare Advantage Plans Receive From The Government?

Output: Government subsidies for Medicare Advantage have been frozen at the 2010 level for the past years , and under the Affordable Care Act , are anticipated to be reduced gradually until about 2019 , when they are to be brought in line with what traditional Medicare . The % that Medicare Advantage plans receive from the government is usually reported as an average of 12-14 % , although some sources say lower and some say higher .


Input: Does Home Insurance Cover Ac Unit?

Output: Your homeowner 's insurance will cover your AC unit if it is a peril included in your coverage . For example , if lightening struck the unit , you would have coverage for the damages . However , if the AC unit stopped working , and it cost $ 200 to repair , you could not claim that on your insurance .


Input: What Are The Coverage Characteristics Of Home Insurance?

Output: A home is the largest single purchase that most people make in their lifetime . There are two characteristics that make home ownership difficult . The first is that the ownership of a home creates a situation of responsibility where you become responsible for personal injury and property damage that comes out of home ownership . For example , someone enters you home , slips on a rug and falls . Injuries can be minor or severe . It is quite possible that you could be sued to recover the loss sustained by the person who fell . This is a liability loss . The second is that you have an enormous amount of your money and the mortgage companys money invested in the home . It is usually a multiple of your annual income and would represent a great financial loss were the home to be destroyed . Your mortgage company is particularly concerned about losing their collateral and will require hazard insurance to protect their interests to the greatest extent possible . The list of things that could happen to damage a residence is lengthy but most of the causes or perils are contained in the HO-3 Homeowners policy . There are notable exceptions which should be restated . You are probably not covered for damage caused by earthquake or flood . These coverages are available but in slightly different forms and often with different policies . Because an individual can not sustain the personal loss of a law suit or the destruction of their property they turn to an insurance company to pool their risk with hundreds of thousands of other residences . This recognizes the probability of damage and spreads that risk over a large number of residences . The insurance company charges enough to be able to pay those losses when they occur . Your state insurance commissioner is very concerned about the adequacy of the insurance companies admitted in your state . While there are various types of home insurance policies , I will confine my comments to the most common , the HO-3 Homeowners policy . Coverage A in a homeowners policy covers your residence . The coverage includes additional items but does not cover land or water . It doesnt cover trees except as covered in incidental coverages . Coverage B covers related structures on the property . It has the same restrictions as Coverage A and doesnt cover any business structures , except for a residence on the property that you lease to others . It covers you garage Coverage C covers the personal property that you either own or are responsible for . This is a very important coverage and contains internal limits on selected classes of property such as money , securities , jewelry , guns and watercraft . Misunderstandings often arise about this coverage and it should be discussed thoroughly with your insurance agent . Modifications of this coverage are relatively inexpensive and an unpaid claim is an expensive way to discover that you werent adequately covered . Coverage D pays the necessary and reasonable increase in living cost you incur when your household meets with an insured loss . The company will try to get you back into your residence as quickly as possible but will make sure that you are able to maintain your normal standard of living during the repairs . Coverage D also covers the loss of rents you might experience in the event of a covered loss . If you have an apartment on the premises and it is damaged by a covered loss , this section would apply . There are other limits and extensions in this section that require your attention if you are leasing property . There are number of ancillary coverages including credit cards , trees , fire department charges , debris removal , emergency removal of covered property and grave markers . There are several pages of definitions and exclusions which should be read . Most confusion arising from a homeowners policy come from this part of the policy . Many people think that a homeowners policy pays for routine maintenance or deterioration . Coverage L covers personal liability and provides that the company will pay up to the limits for expense that you are liable for because of bodily injury or property damage that happens on your premises . Coverage M covers medical payments to others and provides necessary medial expenses if they are incurred on your property and result in bodily injury . There are several pages of definitions and limitations on liability coverage . The policy then defines your responsibilities . You must notify the company of a loss , you must cooperate and many other responsibilities . At the back of the policy are a number of endorsements which changes the policy . These apply to specific types of property such as trading cards , animals , a roof and others . Together the HO-3 Homeowners policy is a package of protection that is sufficiently broad to meet the requirements of both lenders and homeowners . Special additional coverages are offered and should be considered . Many of these additional coverages can be included in the basic policy .


Input: How Much Would $500K Life Insurance Cost?

Output: It 's going to depend on a number of things such as are you looking for term -LRB- and how long - 10 , 15 , 20 , 25 , or 30 years -RRB- or permanent insurance , your age , full underwriting or non-medical -LRB- this is mainly for term insurance or low levels of permanent coverage -RRB- , which carrier you 're applying through , and the risk classification you qualify for . Any quotes provided without knowing more about your specific situation are pretty much useless . Depending on all of these factors , you could be looking at prices anywhere from $ 15 a month to over several hundred per month . The risk classification is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class you qualify for with a carrier depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . It 's best to consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget and which carrier will offer it to you at the lowest cost . I hope the information is helpful - please feel free to contact me for help -LRB- including quotes -RRB- or if you have any other questions . Thanks very much .


Input: How Much Would $500K Life Insurance Cost?

Output: Many variables affect premium . Age , nicotine use , state of residence , policy type and insurer to name a few.Online quote engines easily offer instant quotes . Contact an experienced independent life insurance broker for a rate comparison of insurers to locate the best product/price and provide comparison details of the various plans available to determine the one that best suits your needs .


Input: How Much Would $500K Life Insurance Cost?

Output: If your health and build are normal , you can easily find a quote for $ 500,000 of life insurance by using an online quote engine that offers instant quotes . Our website even offers possible quotes for people with controlled health conditions . Once you get an idea of the rates , be sure to talk to a representative from the agency to run over all your health details so that you get the best possible quote for your unique circumstances .


Input: How Much Would $500K Life Insurance Cost?

Output: It really depends on several factors . Your age , build , state of residence , occupation , policy type , health and lifestyle all play a factor in determining premium . For example a healthy 21 year old malefor $ 500,000 10 year level term is $ 14.51 per month . Where as a 51 year old in average health would cost $ 99.73 per month . I recommend an experienced independent life insurance broker to professional shop the market to find you the best product at the best price for your unique situation .


Input: Is Homeowners Insurance A Closing Cost?

Output: If your lender requires a homeowners policy it is often subject to the closing on the property . The title company orders the policy from the insurance company . That way they can make sure that coverage is adequate . They pay the premium and include that in the closing costs . Most title companies will follow your direction as to which agent to use .


Input: Is Homeowners Insurance A Closing Cost?

Output: If you are buying your first home , then I would recommend considering it part of your closing costs , yes . Lenders will require you to show proof that you have obtained Home Insurance sufficiently covering the reconstruction value of your new home . They will be looking to see that it provides for replacement value should there be a loss . So , because you will have to buy that first , and will more than likely have to pay the first year 's premium in full , I would plan on that as you would any other closing costs .


Input: Is AAA Home Insurance Any Good?

Output: AAA is an A rated insurance provider and offers a good homeowners policy . I always recommend when shopping for homeowners insurance that you do your research and check several companies as there are different policy types with coverage 's and exclusions that you will want to look at . An independent insurance agent is an excellent resource who can help you navigate through all the details of policy offerings .


Input: Is Foundation Work Covered By Homeowners Insurance?

Output: Foundation work may not be covered by your homeowner 's insurance , depending on the specific cause and nature of the claim . For example , wear and tear -LRB- and depreciation -RRB- is simply not covered . This would apply to appliances , other personal property , your roof and basically all parts to the home . Your agent can help determine the specifics of your foundation problem and whether it is covered .


Input: Who Governs Homeowners Insurance?

Output: Insurance carriers are typically overseen in each state by the commissioner of insurance for that state . You can do an internet search to find the website of your states commissioner . On this site you will find a vast amount of information about the many insurance carriers in your state along with insurance tips and tricks .


Input: How Are Annuities Insured?

Output: Annuities are offered by an insurance company . The annuity policies are not FDIC insured . The annuity contract is as good as the financial strength of the issuing annuity insurance company to pay annuitization benefits or cash surrender the contract . Its important to review the ratings of the carrier and have your accountant review the carriers balance sheet .


Input: Is It A Law To Have Car Insurance In Iowa?

Output: In Iowa you have two options . You may purchase liability insurance with a state minimum set at 20/40/15 or you may verify your assets and purchase a guarantee bond and register it with the state . Most people see insurance premiums as much cheaper than paying liability out of pocket in an incident . Talk with your local independent agent or send me an email and we can discuss your options further .


Input: Is Knights Of Columbus Life Insurance Good?

Output: Yes . If by asking if they are good you mean `` Do they pay their death claim when the insured dies ? '' All life insurance companies pay their legit death claims . To know if Knights of Columbus is a good value for you , you just need to compare the rate -LRB- monthly premium -RRB- to what you can get from other life insurance companies . You will probably find they are competitive at some ages and not at others . All life insurance companies have certain `` sweet spots '' that they are good with and others that they are not . LIke all Fraternal Benefit Societies , Knights of Columbus is not protected by any state guarantee funds so you may need to sign a waiver that you are aware of that in some states . You should study what that means at your state 's Department of Insurance website . Knights of Columbus -LRB- like all fraternals -RRB- does not issue life insurance POLICIES . They issue certificates of coverage , not policies . There is a difference and you should make certain that you understand the pluses and minuses of each before making a commitment .


Input: What Is Joint And Survivor Life Insurance?

Output: There are Joint and Survivor Annuities that cover two or more lives and continue in force as long as any of them survive . There are Joint Life Insurance policies that cover two or more lives , which end when the first of the insured persons die . There are Survivor Life Insurance policies that typically cover two lives , which end when the last of the insured persons dies -LRB- thus the name , Second to Die -RRB- . Finally , there are Joint and Last Survivor policies that are a variation of Joint Life Insurance , which pay when the second persons die .


Input: When Does Disability Insurance Start?

Output: Disability insurance starts after the elimination period has been satisfied , e.g. 30 days and sometimes up to a years . . Most Americans have around 90 days in cash reserves . Generally speaking advisers recommend the elimination period match your cash reserves or the short term disability benefit in their employer sponsored group plan -LRB- if offered . -RRB-


Input: What Is Medicare Part F Supplemental Insurance?

Output: Medicare Plan F supplemental insurance -LRB- also known as Medigap plan F -RRB- is a supplement to fill in the claim gaps not paid by Medicare . Medicare has deductibles , copay 's and coinsurance that can amount to considerable out of pocket expenses . Medicare plan F pays 100 % of approved Medicare Part A and Part B expenses .


Input: What Car Insurance Gives Military Discounts?

Output: I think you would probably find a number of carriers who offer something . For example most will allow you to suspend your liability insurance for the period of deployment assuming some one like a spouse is not going to continue to use the vehicle . So talk to your agent or current insurer and see what if anything they allow .


Input: What Are The Largest Health Insurance Companies In The US?

Output: Among the largest health insurance companies in the United States are UnitedHealthcare , Wellpoint , Aetna , Cigna and Independent Blue Cross . Of course , there are many reputable carriers that offer affordable medical coverage to individuals , families and businesses . There are also many regional insurers -LRB- such as Medical Mutual in Ohio -RRB- that offer very competitive rates to local customers . Is largest the best ? Not always , although it never hurts to start the quote process with a large company . They do tend to have large -LRB- sometimes countrywide -RRB- Networks of physicians and hospitals .


Input: What Are The Largest Health Insurance Companies In The US?

Output: United Healthcare , Aetna , Humana , the Blue Cross / BlueShieldfamily of companies would be among the largest health insurance companies overall . There are others as well . United Healthcare is the largest health insurance company . It is listed in very high in the Fortune 500 . With the affordable Care Act some smaller companies will be absorbed by the larger companies .


Input: Does Homeowners Insurance Cover Damage Caused By Renters?

Output: By definition , a traditional `` Homeowners '' Insurance policy provides coverage to your dwelling and personal belongings provided that the dwelling is your PRIMARY RESIDENCE . This is important . If that house is not your primary residence , meaning that you live elsewhere and the house is occupied by renters to use your example , it would be entirely possible that a traditional homeowners policy would therefore provide no coverage in your example . Talk to your Insurance Professional to be sure you have the right policy coverage for your specific circumstances to make sure that there are no dangerous gaps in protection . A Dwelling Fire policy or commercial property package would provide protection for you . It is also a good idea to be sure that your tenants obtain their own Renters Insurance both for your protection and thiers .


Input: Does Homeowners Insurance Cover Damage Caused By Renters?

Output: Great question . Homeowners does cover damage by rentrs only if you have the right policy . If you rent your house out you need to get landlord insrunce from you insurnace compay . You have to call and let them know that you are renting you house instead of living there yourself .


Input: How To Estimate Renters Insurance Coverage?

Output: A quick way to estimate the cost of renters insurance is to check with neighbors in similar units . Although their coverages may be different , they will give you an idea of what to expect . For an accurate quote contact a trusted insurance agent . If you havent an agent , your neighbors , colleagues and friends can provide recommendations . It should take only a few minutes to prepare a quote for a renters policy .


Input: How To Estimate Renters Insurance Coverage?

Output: All that you need to estimate renters coverage is a camera . Take pictures of everything that you own in the unit that you are renting . Systematically list the items and estimate the cost of replacing each individual item . Add the estimates and you will have the replacement cost of your personal property . That should be the amount of coverage you purchase on a renters policy . The other part is liability and my recommendation is always , buy the highest limit that the company offers . A lawsuit is extremely expensive and can ruin you financially .


Input: What Is Employee Supplemental Term Life Insurance?

Output: Employee supplemental term life insurance is exactly what it sounds like . It 's a Term life policy that the employer buys as a benefit for the employee . It 's supplemental in that it is n't intended to be the `` main '' life insurance for the employee . That is - it 's typically only about a $ 10,000 death benefit policy . And as a Term policy it is usually an annually renewable as long as you remain an employee . Term policies always have an expiration date .


Input: What Is Employee Supplemental Term Life Insurance?

Output: Employee supplemental term life insurance is coverage over and above coverage in a group life insurance plan . It is owned by the employee , not the employer , so it is portable ; employee can take coverage with them when they leave the present employer . As both Tim and Ted have stated , you can not take employee group term coverage with you ; it is a perk you get as an employee of the company . Employee supplemental term is purchased by the employee without company contribution . In most cases , this coverage is also convertible to a permanent plan at a higher premium .


Input: What Is Employee Supplemental Term Life Insurance?

Output: Employee supplemental term life insurance is a provision to purchase more term life insurance through your group life insurance plan . Usually the employer will pay for a certain amount of group term life on the employee and the supplemental allows the employee to purchase additional face amount at the employee cost . While group term life is a nice perk from an employer a healthy employee can purchase term life insurance on their own at a more affordable rate and they own the policy . As Ted mentioned , if you leave the company you lose your coverage . Whereas if you purchase your own term life policy no one can take that coverage away from you unless you stop paying premiums or the term expires . It is much more sound protection plan . If you are unhealthy and can not qualify for affordable term life insurance , then supplemental term life can be the temporary answer to a prayer of having enough life insurance protection for your loved ones . Contact an independent life insurance broker in order to properly weigh your options .


Input: What Is Employee Supplemental Term Life Insurance?

Output: Employee Supplemental Term Insurance is offered to employees through their group health insurance . In addition to the life insurance built into their group plan they have the option to purchase additional coverage . Life insurance through your employer is a nice benefit , however keep in mind that when you leave your company , it usually goes away . A person needs to make sure he has enough life insurance purchased separately from group coverage to meet their needs when it is generally needed most . Most people do not plan on dying before age 80 . Make sure that the life insurance you own will meet your final expense needs when your time comes , whether it is 80 or 100 .


Input: How Good Is Geico Auto Insurance?

Output: That is a great question ! Geico is a reputable company , and offers many fine insurance policies . That said , you will want to compare rates , check on the agents that are selling it , and read carefully the fine print to understand what happens with claims , deductibles and payment procedures . And remember that any policy is good if you are a safe driver ! Thanks for asking !


Input: What Is The Average Cost Of Health Insurance For An Individual?

Output: Insurance costs are based on several factors , medical insurance is no exception . The PPACA or Obamacare as it 's known , has changed some of the medical requirements.But gender , age , smoking status and the state you live in will determine the premiums you 'll pay , if any , based on means testing thresholds set the HHS .


Input: Who Is Covered By A Retirement Plan?

Output: Employer sponsored defined contribution retirement plans offer their employees the opportunity to enroll in their company 's retirement plan . some plans auto enroll , but employees can opt out of the plan . Individuals must be proactive in creating a qualified or non-qualified retirement plan other than Social Security which is the mandatory retirement plan for working Americans .


Input: When Should You Drop Disability Insurance?

Output: The right time to drop your disability insurance is when you are financially independent and debt free . You no longer need to work for a living . Your nest egg will sustain you the rest of your life or you have a lifetime residual income . If you still need to work for an income , do not drop your disability insurance .


Input: When Should You Drop Disability Insurance?

Output: When you buy disability insurance , you 're generally going to want to keep it for your entire working life or until age 65 -LRB- when most policies expire - there 's generally a hefty increase in premium to keep it beyond age 65 for policies that offer the option -RRB- , whichever comes first . The purpose of disability insurance is to protect your ability to work and provide an income for you and your family when you 're physically unable to do so . You may want to consider replacing your disability insurance with another disability policy if the new one offers better coverage -LRB- including a better definition of disability - e.g. the true own occupation -RRB- and/or a more affordable rate . I hope the information is helpful - please feel free to contact me for assistance with your disability coverage and if you have any other questions . Thanks very much .


Input: How Good Is Allstate Life Insurance Compared To Others?

Output: Allstate offers life insurance through Lincoln Benefit Life , which is a reputable company that carries a wide range of good life insurance products . To compare quotes of Lincoln Benefit Life 's life insurance products with other life insurance companies , visit a website that offers free , instant quotes from many life insurance companies .


Input: Who Is Required To Buy Health Insurance Under Obamacare?

Output: Everyone will have to have health insurance that meets the standards set under the affordable care act or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of 2 ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . Its important to note that the penalty will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . To avoid the penalty , you need to have health insurance that qualifies as minimum essential coverage . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much .


Input: Who Is Required To Buy Health Insurance Under Obamacare?

Output: That is a great question ! Under the Affordable Care Act -LRB- Obamacare -RRB- everyone that qualifies for health insurance is required to have it . The idea of this is that it lowers costs for all , by increasing the risk pool -LRB- before , it was common that the majority of people that purchased it were people with health issues , not healthy people -RRB- , and reducing the number of people without insurance that were being treated and being paid for by taxpayers and healthy people who had to use the clinic or hospital that was passing along the cost . There are exceptions in the law , that will allow you to not have it , but they are very limited , and you have to be able to provide proof . I hope that helps , thanks for asking !


Input: Is There An Enrollment Period For Medigap?

Output: When you first enroll in Medicare Part B at age 65 or older you will be in your initial Medicare Open Enrollment Period to purchase a Medicare Supplement . You have six month from when your Part B takes effect to enroll in a Medicare Supplement without having to answer any health questions . Your acceptance is guaranteed and pre-existing health conditions are covered immediately with no waiting period . You can purchase a Medicare Supplement anytime you want to outside of your initial Open Enrollment Period but once your Open Enrollment Period ends you will have to answer all health questions to qualify for a Medicare Supplement . If you have a serious health condition you could be denied coverage or have to pay a much higher premium to get the pre-existing health condition covered .


Input: Is There An Enrollment Period For Medigap?

Output: No . Medicare Supplement , also known as Medigap , plans have no enrollment period . However if you are currently enrolled in a Medicare Advantage plan , you will have to wait for one of the times you can unenroll before you can enroll in the Medigap plan . There are some times that are better to enroll in a Medigap plan . When you are both 65 and newly enrolled in Medicare part B , you have a period of time when you can pick any plan regardless of your health conditions . In some states , you 're allowed to change plans during the month of your birthday .


Input: What Is Life Insurance For A Child?

Output: There are two main reasons to purchase child life insurance . The first is to insure against the unthinkable tragedy of losing your child early to cover the cost of final expense . The second is to protect the child 's insurability should they develop a disease or disorder such as Type I diabetes or cancer which would be difficult to purchase life insurance . Permanent plans like whole life and universal life insurance protect insurability and allow cash accumulation for that can be used for college funds , a new house or even a retirement plan . Adding a child life rider to an adult term life or permanent life insurance plan is a very affordable way to insure children , especially multiple children for one low rate will cover all children and allow for guaranteed conversions in case they should lose their insurability .


Input: What Is Life Insurance For A Child?

Output: Life insurance for a child is usually Whole Life insurance that would pay a death benefit if the child should pass away , or provide cash values to use for college or other expenses when they are older . My parents took out life insurance on their six children , and when my sister died as a toddler , the money from the life insurance was a ray of sunshine at a very dark time . However , thankfully , by far the most common use for life insurance for a child is for large expenses when they are older .


Input: How Much Exactly Does AARP Medigap Insurance Cost?

Output: The cost of AARP Medigap insurance will depend on where you live , your age and your smoking status . AARP Medigap is actually insurance through United Healthcare . The premiums will vary by state and in some states they can be very reasonably priced . The trick is to work with an independent agent that can show all the plans for all the top rated carriers in your area so you can compare which would be the best for you . For example , Plan F for AARP Medigap can be $ 179 per month in some areas of Florida and higher in other areas -LRB- based on a 65 year old -RRB- .


Input: How Do I Know How Much Life Insurance I Need?

Output: Ask a life insurance professional ! There is no substitute for an experienced life insurance professional who can help you plan to have the right amount based on need and budget and can adjust the plan over time to meet changing needs . Most studies suggest many have no life insurance at all and , of those who do , many are underinsured . We often meet with clients who have less than their current annual income . Insurance companies generally approve coverage amounts up to 25X income or more -LRB- under age 45 -RRB- . There are many calculators online which can help such as this one : WEBSITELINK Calculators like these help prepare you for meeting with a life insurance professional .


Input: How Do I Know How Much Life Insurance I Need?

Output: If you have family , business associates or charities that depend on you and would suffer financially at your demise , then you should consider life insurance . The amount of life insurance is based on your total debt including your mortgage , future financial obligations like childrens education and retirement as well as charities that you want to see go on into perpetuity . Then add your human value , the total income form now until retirement or age 65 . The total sum equals your life insurance need .


Input: How Do I Know How Much Life Insurance I Need?

Output: I recommend contacting an independent life insurance professional.By discussing the specific needs and budget you have to be covered by life insurance , you will be able to determine a coverage amount . Family financial/adjustment coverage , Mortgage , children 's education , business considerations are but a few of the topics for discussion . Many companies offer a worksheet specifically for this purpose ...


Input: What Are The Different Types Of Life Insurance Plans?

Output: The different types of life insurance is term insurance , which is a specific time frame that could be 10 years , 20 years , 30 years . Term is initially the cheapest but over time the premiums can go up . A term contract ends after you reach the term agreement year . You have whole life which is a permanent life insurance . As long as you make your premium payments you will own the policy for life . Whole life insurance builds cash value over time . You can use the cash through policy loans . You have index universal life insurance which is a product that also builds cash value over the life of the policy . It 's also a permanent policy as long as you make the premium payments . The unique feature of index universal life is you can have stock market like returns that will give you the upside potential without the downside risk . There are many more life insurance products , however this should give you an head start on whats best for you.Always speak to a licensed professional life agent for more details .


Input: What Are The Different Types Of Life Insurance Plans?

Output: The two basic types of life insurance plans are term insurance and permanent insurance . Within that , there are different categories of each type . For term insurance , you 've got fully underwritten coverage with exams -LRB- which will generally provide you with the lowest premiums -RRB- and non-medical programs . Non-medical programs generally feature very similar underwriting requirements as fully underwritten programs , but without the requirement of an exam . While a carrier may not request a doctor 's statement for every policy , they reserve the right to order one . For permanent insurance , you have universal life and whole life insurance . Whole life insurance will generally be the most expensive , but provides fixed premiums for life and a consistent build-up of cash value in the policy . Universal life is a flexible program that puts less emphasis on cash value and more on the death benefit . Many people will set up a guaranteed universal life policy -LRB- GUL -RRB- to maximize their death benefit and guarantee the premiums for life . There are other types of life insurance programs out there , but this gives you a brief overview .


Input: Does Homeowners Insurance Cover Leaking Roof?

Output: I would say no , under most circumstances this would be considered a maintenance issue for the homeowner . 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: When Are Medicare Premium Payments Due?

Output: Premium payments for Medicare are due the day that is designated for your program . If the effective date of the coverage is the first of the month , the premium due date / draft date will most likely be the first day of the month as well . Most individuals will either send in a check by mail for their premium , have it withdrawn electronically from their bank account , or deducted from their social security checks .


Input: What Is The Cheapest Car Insurance In Arizona?

Output: What costs more : $ 45/month or getting sued for $ 85,000 because you were involved in an accident that injured a family of four ? I do want to answer your question forthrightly , though . It 's impossible to answer because every company rates drivers differently . The ideal way to get insurance on a budget is to sit down with an agent and work out what your needs are . Our agency is independent , so we represent a number of companies . We would be more than happy to chat with you , delve into your needs , and build an insurance program which fits your budget . Please reach out to us at www.insuranceeddie.com . Thank you !


Input: What Do I Need To Get Car Insurance In Nebraska?

Output: To get auto insurance in Nebraska is a tough and easy question answer so I will do it in a broad sense so please keep this in mind . If you do not own a vehicle then you would want a non owners policy If you own or lease a vehicle contact your agency or if you do not have one I recommend an independent agent as myself because of the choices in companies we have . You may or may not have an active license but most preferred companies will require it to purchase a policy . Payment wise companies want the full term paid or a monthly automatic withdraw of a primary account . I hope this helps , if you need more direction please contact my office


Input: Does Humana Have Life Insurance?

Output: Humana offers a plan called the Memorial Fund for persons aged 44.5 to 79.5 . When you pay premiums for 10 years -LRB- without lapse -RRB- , your coverage continues with no additional premiums required for the life of the policy . You can get up to $ 25,000 . If you would like more information contact me .


Input: Does Humana Have Life Insurance?

Output: Humana offers group Term life insurance for employees , and group Term life insurance for employees ' dependents and spouses . The company also offers group Accidental Death and Dismemberment employee coverage , in addition to group AD&D coverage for the dependents and spouses of employees . Humana does not offer a private life insurance plan to individuals at this time , but does offer an Accident Benefit to individuals .


Input: How Can I Get Health Insurance If I Can Afford It?

Output: That is a great question ! The best place to shop is at the Affordable Care Act -LRB- Obamacare -RRB- website , WEBSITELINK as there is a very good chance that you can qualify to get help paying for your plan . If you attempt to get a policy elsewhere , you may not get that help . The website will also have phone numbers for advisors who can help you navigate the exchange . If you have further questions , please contact me , I 'll be happy to help you . Thanks for asking !


Input: How Can I Get Health Insurance If I Can Afford It?

Output: Asking this question tells me that you need the help of a health insurance broker familiar with your marketplace . Do a Google search , call the Better Business Bureau , look in the Yellow Pages -LRB- if any one does that anymore -RRB- , ask a friend , but get somebody to do the leg work for you . Or , of course , you can go to HealthCare.Gov and look up coverage there . When using HealthCare.Gov the consumer should understand that not all health insurance carriers are available through the government marketplaces and that provider networks and approved prescription lists may be different with the same carrier depending upon whether you are dealing with their products outside or inside of the government marketplaces . One good thing about ObamaCare is that the simple answer to your question is just `` apply with an insurance carrier . '' The bad news about ObamaCare is that they now give you a specific time of year -LRB- the open enrollment -RRB- for you to enroll in coverage and after that time only persons experiencing certain change of life status events can enroll for individual coverage outside the open enrollment period each year . You are asking this question nearly 2 months after the close of the first open enrollment period on March 31st , 2014 . If you could have enrolled during that open enrollment period but for some reason did n't and have n't experienced a change of life status event -LRB- e.g. - marriage , divorce , having a baby , losing employer based coverage -RRB- recently then you technically ca n't enroll in major medical insurance again until January 1 , 2015 . Being uninsured will also technically make you subject to the individual mandate tax penalty when you do your individual income taxes next year . Do n't feel all alone , millions of people went through the first ObamaCare enrollment and still managed to stay uninsured . Some by intention other by inattention . If you can pass a few simple medical questions and coverage for pre-existing conditions is n't a must then I would suggest you look into getting a Short Term Medical policy to tide you over for the rest of the year . Be advised that Short Term Medical insurance is not viewedas meeting the requirements under ObamaCare for avoiding the individual mandate penalty . But , many people are finding that the cost of short term medical insurance is low enough against the prices of the new ObamaCare compliant plans that even taking the tax penalty into account they are dollars ahead with the short term policy . For advise please feel free to contact me .


Input: Is Whole Life Insurance A Smart Investment?

Output: Whole Life Insurance is a good policy due to the fact you will get a return on investment verses if you purchased a term policy but there is several questions to be answered neither is bad you would need a needs analysis done by a planner to see where you are continue to study and educate yourself so when you make thechoice to work with a planner you will understand the terminology if can be of help contact me . See profile .


Input: Is Whole Life Insurance A Smart Investment?

Output: That is a great question ! We need to be clear though - life insurance is not technically an investment . An investment grows income , while life insurance is protection against loss - in this case , the loss of you . As such , you can not receive any benefit from the policy , it goes to your survivors . That said , it is a terrific part of a financial plan , and has many benefits that a term life policy can not provide , the best of which is that you can not outlive it . That alone makes it a great investment in your peace of mind ! Please feel free to contact me for more specific information , okay ? Thank you for asking !


Input: How Much Is My Medicare Deductible?

Output: Your Medicare Part A deductible for 2014 is $ 1,216 . Your Medicare Part B deductible for 2014 is $ 147 . Please note , these values can change from year to year . I hope the information is helpful - please feel free to contact me for help with your Medicare supplement program and if you have any other questions . Thanks very much .


Input: When Should I Get Long Term Care Insurance?

Output: Most retirement advisers recommend purchasing long term care insurance at 50 years of age , but the actual and more popular age is 60 . A non-smoking married couple age 60 and in good health purchasing maximum benefits with an inflation rider are going to spend $ 300 a month . Considering that seniors spend $ 250,000 during their retirement for medical bills and extended care , thats seems reasonable .


Input: What A Is Home Insurance Binder?

Output: An insurance binder is a temporary issuance of proof of insurance that will `` bind '' or cover you temporarily until a formal policy is issued . The binder must contain your name as the insured , the limits of coverage in dollar amounts , what type of insurance it is , what is actually being covered -LRB- such as your car or home -RRB- and the company issuing the insurance . The beginning date must be evident . If there is a loan used to buy what is being insured , the lender -LRB- lienholder -RRB- information should be listed as well .


Input: How Is Oxygen Covered For Medicare?

Output: Oxygen is covered under part b of Medicare . Under the durable medical equipment provision . Since it is under part b you would have to meet -LRB- or have already met -RRB- your annual $ 147.00 deductible and then Medicare would pay 80 % leaving you with the remaining 20 % . If you have a Medicare supplement that plan depending what plan you have , might pick up those costs that you are responsible for . If you have a Medicare advantage , look on your contract for durable medical equipment to see how the Medicare Advantage plan will pay for oxygen .


Input: Where To Purchase Life Insurance?

Output: In the U.S. , you can buy life insurance online , by phone or in person from a licensed agent . When you go to buy or seek advice , you 'll have a choice of dealing with a one-company agent like Allstate or State Farm or an independent agent who represents many different companies . Most independent agents represent 5 or fewer companies . At my firm , WEBSITELINK , you can instantly and anonymously compare rates of 35 leading life insurers and have the freedom to buy from any company shown . If you have a history of health conditions , our rating engine can handle and accurately quote up to 35 common illness histories . With life insurance , every aspect of your past health is looked at closely .


Input: Where To Purchase Life Insurance?

Output: Purchasing life insurance can certainly be challenging , considering all of the available resources and policy options . As a broker with 33 years of experience , here 's my advice : Work with an experienced broker that has access to most of the top-rated companies and understands your specific needs . He/she should be able to easily present to you affordable options with full explanations of benefits . Also , the broker should own and operate a reputable website that allows you to view and read about the most pertinent life insurance topics .


Input: Where To Purchase Life Insurance?

Output: Life insurance is available for sale in a great variety of place including online , through `` captive '' agents and independent life insurance brokers . The challenge is that life insurance can be deceptively easy to compare when looking only at initial premium rates . You are best served by someone who takes the time to understand you and what your insurance needs are . Working with a local independent agent / broker to help you find the right policy at the right price is your best bet . 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: Where To Purchase Life Insurance?

Output: Great question ! There are many , many companies that offer life insurance policies . What you want to look for is a company that is well rated , -LRB- AM Best , Standard & Poors for example are companies that rate insurance companies on their financial stability -RRB- , has been around a while , and is well respected . I recommend that you find a local independent agent -LRB- one who is not tied to a specific brand , and so can write for several companies -RRB- who can help you find the company that offers the product that is the best fit for you . There are several kinds of policies , and uses for them , so having someone that you can trust to walk you through the process is a huge help . If you would like to contact me , I 'd be happy to help you with some more specific to your needs information . I 'd be glad to help . Thanks for asking !


Input: Where To Purchase Life Insurance?

Output: Purchase Life Insurance from the agent or agency you feel has your best interest in mind . With the vast wealth of information available online it should be easy for the average consumer to go into a life insurance transaction with a good understanding of what the arena looks like . If you are n't comfortable then the best advice is to ask your trusted family and friends whom they use or have used in the past .


Input: Where To Purchase Life Insurance?

Output: My recommendation is to buy a life insurance policy from someone that you trust . To find that person ask your colleagues , friends and neighbors who they trust . When talking with that agent make sure that they record the information that you provide and then accurately pass that to the company . When the policy arrives make sure that it is exactly what you ordered . The right policy with the right limits in force when you die is the best life insurance policy that you could possibly own .


Input: How To Get Certified To Sell Life Insurance?

Output: To become a licensed life insurance agent , you must attend and complete insurance school , pass your state 's insurance exam and be issued a license from your state . Your state should have a website for their Bureau or Department of Insurance that will walk you through the entire process . It should also tell you what the cost incurred will be . Good luck !


Input: How To Get Certified To Sell Life Insurance?

Output: How to get certified to sell life insurance ? I think a better term may be licensed to sell life insurance . For most people in most states as insurance licensing is a state by state thing , it involves a short class that goes through a generic overview of insurance laws and products . Then the person wishing to license must sit for an exam that upon passing , allows for them to be licensed in the state they will be practicing in.An agent can license in mulitple states , sometimes just by paying the fees . Some states may require addtional testing or that certain subject matters be completed .


Input: How To Get Certified To Sell Life Insurance?

Output: As Ms. Harvelle put it , the requirements in terms of hours can vary state by state . Google it , be sure to include `` for X state '' in your query , then try and walk through what the website says . I put it this way because in many cases the department of licensing or labor websites for states can be pretty dry reading . So take a peek there , but just know that normally you have to hit a certain number of verifiable hours of study , then take and pass the test , then apply and pay for the license . Also , there are some states that will recognize the work you put into another state 's licensing program , and will offer to mirror your license in their own state , for a nominal fee . That way , you can be licensed to sell life insurance in more than one state but can potentially avoid having to go through the entire process more than once .


Input: Does Renters Insurance Cover Gun Theft?

Output: Renters insurance will cover theft of personal property , including your firearms , up to the personal property limit , less deductible . If your firearm is more expensive , or an antique , you may want to consider adding either firearms coverage , or increasing the amount of personal property coverage you have on your policy to ensure it is covered .


Input: What Is A Qualified Long Term Care Insurance?

Output: Qualified Long Term Care Insurance -LRB- TQ Long Term Care Insurance -RRB- is long term care insurance that has favorable tax treatment , as determined by the federal government in 1997 . Nearly all long term care policies sold now are qualified plans . It allows your premium and nonreimbursed benefits to be counted as a medical expense on your tax return , and allows you to receive long term care benefits tax free .


Input: Can I Switch My Car Insurance To Another Vehicle?

Output: Most auto insurance companies will allow you to switch coverage when you purchase another car and dispose of the car that is currently insured . This needs to be done carefully as there may be a requirement for coverage changes to satisfy a lender . Speak to your insurance agent as soon as possible after making this transaction .


Input: Does Life Insurance Make Sense?

Output: Yes Life Isurance is a very wise decision and will eventually prove itself in the later years . Insurance in general is a financial mechanism that is designed to indemnify loss and to make a person financially whole again . Life Insurance is a wealth accumulating mechanism that if anything should happen suddenly to anyone that is relied upon for income the death benefits are used to replace income needed examples are funeral payments , bills at home , money for children 's future , etc. . This also helps to bring wealth into a family for generations to come . All is paid lump sum tax free .


Input: Does Life Insurance Make Sense?

Output: Yes , I believe it does . Of course there are circumstances where it becomes more important to consider.For example , if there are people who depend upon you financially , family , other relatives , business partners etc , then Life Insurance makes perfect sense . If you have outstanding financial obligations that you do not want to pass on to your estate , then Life Insurance makes perfect sense . Talk to your Insurance Professional about this and review your needs .


Input: What Car Insurance Deductible Is Best?

Output: That really depends on what you can afford for your out of pocket expense . Many will say Higher deductible keeps your rates lower . Yes this is true to a point actually how much are you really saving . In Montana that average different if the premium is not that much . The difference between a $ 100 Deductible and a $ 1000 Deductible for comprehensive if only about $ 7.00 a month difference in rate . So Yes you are spending $ 7.00 more a month but in the event of a loss you are putting $ 900 less out of your pocket . Many glass shops will waive the deductible also so there many things to think about . 1St thing is do you have enough money laying around to cover the deductible amount / If you wreck your car and take it to the shop the insurance company will pay their portion but the shop will not release your car till you pay yours . Coming up with a $ 1000 maybe much harder to come up with . I would contact your agent and ask them how much a month difference it is in the rate before you jump in to conclusion . Be advised that agents that are posting answers to this question or any question are not to be posting there business information as your last person that answered the question did . You can reach the agent answering the question by the contact them button on the side . Hope this helps you with the information you need .