Input: Can I Add A Car To My Policy That's Not In My Name?

Output: No . The owner of the vehicle must obtained insurance in his or her name . You can add other drivers but insurance follows the vehicle so the registered owner has to maintain car insurance in their own name . If there is a co-signer the first person listed on the title needs to obtain insurance and list the co-signer as a driver or additional interest .


Input: Can I Add A Car To My Policy That's Not In My Name?

Output: No you ca n't . In states that require proof of insurance in order to register a car , the named insured on the policy must match the named owner on the registration . You have no insurable interest in a car that you do not own and therefore adding it to your policy would be unacceptable to the insurance company .


Input: Is Pregnancy Covered By Short Term Disability Insurance?

Output: It really depends on the type of short term disability plan that you have . Most I have seen will not cover a normal pregnancy but will a complicated pregnancy . Some disability insurance will not cover any type of pregnancy without a medical diagnosis of a complication caused by the pregnancy other than the pregnancy itself . If you can locate your policy , read the exclusions and limitations page to find out what it specifically covers in regards to pregnancy .


Input: Is Pregnancy Covered By Short Term Disability Insurance?

Output: Yes , pregnancy is covered by short term disability insurance . For normal pregnancy , you may be given some time off at the end of your pregnancy . If bed rest is ordered , you may be able to draw the benefit for several months . You need to consult your own policy for benefits offered . You usually must apply for short term disability before getting pregnant for it to cover your pregnancy .


Input: Is Pregnancy Covered By Short Term Disability Insurance?

Output: Not all policies are created equal . Some short term disability policies will pay for your recovery for normal childbirth , and others wo n't . Most will cover lost income due to complications of pregnancy prior to delivery , or any postpartum disorders that delay your return to work . Policies sold directly to individuals do not cover normal childbirth . Only policies sold through groups do so . You can purchase individual coverage through a payroll deduction and pay the premium 100 % yourself . If your employer does not offer a voluntary option , you can ask them to make one available . Or you can purchase a policy direct , but it wo n't cover your maternity leave .


Input: Can You Buy Disability Insurance?

Output: Yes , you can buy disability insurance in an individual policy , in most circumstances . You must have an income and be insurable in regard to health and occupation . Most people purchase long term disability insurance because they do not have income saved up to last many years , if a disability should last that long . You can find websites that sell disability insurance online or in local insurance agencies .


Input: Can You Buy Disability Insurance?

Output: Yes , you can purchase private disability insurance through a life agent . There are numerous carriers that offer disability insurance to all different types of occupations . Your agent should be able to provide you with quotes from several different carriers . If you 're a business owner , you can also purchase business overhead expense disability insurance or key person DI . For individuals , there 's also bank loan DI and retirement DI .


Input: How Much Of Hospice Does Medicare Pay For?

Output: Medicare under Part A covers Home Health Care and Hospice 100 % . There are certain pain medications with Hospice that you may have to pay a $ 5.00 co-pay for . As it pertains to Hospice you will not need to file a claim with your Medicare Supplement Plan for Hospice care .


Input: How Much Of Hospice Does Medicare Pay For?

Output: Most of the services and supplies the hospice care recipient receives are paid by Medicare 100 % . The only services that have any charge to the patient are 5 % of the cost of an inpatient hospital stay done so that the caregiver can have a rest period -LRB- respite care -RRB- and $ 5.00 maximum payment per pain relief and symptom control medication .


Input: What Is The Difference Between Term Life Insurance And Regular Life Insurance?

Output: The difference between Term Life Insurance and Regular Life Insurance -LRB- whole or universal life -RRB- is somewhat like the difference between renting a home and owning it . When you rent you are paying to have access each month but you have no ownership and are building up no equity in the property . Term Life insurance provides a death benefit for the term -LRB- time period -RRB- of the policy -LRB- usually 10 , 20 or 30 years -RRB- . If you are still alive at the end of the policy 's term then the policy expires and the insurance company keeps all the insurance premiums you have paid over the term the policy was in effect -LRB- unless you pay extra for a `` return of premium '' rider on the policy -RRB- . Term Life policies do not build up any cash value . Regular/Permanent Life insurance policies , while more expensive , can build up cash value over the years that are a financial asset to the policyholder . A Regular/Permanent Life insurance policy can also be paid up , this means at some point no further premium payments are required and yet the policy remains in effect until the death of the policyholder . This is a very high level and simplified description of the difference between Term and Permanent Life Insurance . I usually recommend that people have a combination of permanent and term life insurance over the course of their lives . As each person 's situation is unique , you should seek out an experienced life insurance agent -LRB- preferably an independent agent who represents multiple life insurance companies -RRB- to help you determine what your needs are and to design the policy or policies that will best meet your needs .


Input: What Is The Difference Between Term Life Insurance And Regular Life Insurance?

Output: Some would say that regular life insurance is term life insurance as it is the most common policy sold . There are two main types of life insurance term life which guarantees a preium for a certain amount of years , such as 10-20-30 year term are the most common . The second type of life insurance are permanent life insurance policies such as whole life and universal life . These policies are designed to last your lifetime and carry cash value that can be used for a variety of things such as retirement , critical illness expenses , long care expenses and children 's college funds .


Input: What Is The Difference Between Term Life Insurance And Regular Life Insurance?

Output: Term Life Insurance is life insurance that pays out the death benefit if the insured person dies during the term of the policy . E.g. . If you buy a 10 year term life insurance policy on yourself , it would pay your beneficiary the death benefit if you died in the next 10 years . Regular life insurance can mean different things to different people . Back in our grandparents ' day , regular life insurance meant Whole Life . Whole Life is life insurance that stays in effect for the entire lifetime of the insured person . It also has cash value that people can borrow from or use before death . In modern times , regular life insurance can mean whatever you are familiar with . When you hear ads on TV or radio , they are usually quoting Term Life -LRB- with the exception of burial policies - they are usually quoting Whole Life -RRB- . You will want to ask for clarification before buying any policy , so that you get the type of life insurance that you truly want .


Input: Can You Get Life Insurance If You Are Overweight?

Output: Yes , most people can get life insurance if they are overweight . Some things that might create a difficulty are if they also have a serious health condition such as uncontrolled diabetes or recent heart attack , or if their weight is in the morbidly obese category . However , there are many policies with lenient weight limits , and there is at least one policy in almost every state that does not have any weight limit at all . Some of these will work for persons with health conditions , as well , and some of them will even pay 100 % of the death benefit from day one -LRB- are not graded -RRB- . You need to work with agencies that carry a variety of policies like this so that you can get the most affordable overweight life insurance premium .


Input: Can You Get Life Insurance If You Are Overweight?

Output: Can you get life insurance if you are overweight ? Yes . you can . However depending on your build the cost could be considrable . Most insurance policies stop with a standard rating around a bmi of 35 . Above 35 you have companies applying table rates depending on build and other health issues . Table rates are a higher cost than standard . There are guaranteed issue graded benefit plans a person could try too . Those plans also are n't inepensive .


Input: Will I Be Denied Life Insurance?

Output: People should not apply for life insurance policies for which they know they will be denied . You can know ahead with some policies because they have criteria that you must meet . E.g. . They may not approve if you use oxygen , or if you weigh over a certain amount . Sometimes , the only way you can know if you will be denied is by asking an agent who is familiar with that company 's underwriting guidelines . Sometimes , people apply for policies where they are not sure if they will be denied or not . I.e. . They have risk factors , but appear to meet the underwriting guidelines . It is not always possible to be able to tell ahead of time whether you will be declined or not . The final word will come from the underwriter after the underwriter reviews your medical records . One thing is certain : you can decrease your chance of being declined by using an agent who understands your health and risk factors , and who can match you up to the policy that best meets your needs . Please do not hesitate to contact me if you have a risk that might cause your life insurance to be denied . I can help you avoid an unnecessary decline and help you find an affordable policy .


Input: Will I Be Denied Life Insurance?

Output: That is a great question , and I 'm glad that you asked it , because the answer is one that many people should know . Life insurance is one of those things that you should have help buying , because there are so many things to consider when looking . Being denied for a policy will hurt you when you look for the next . That is a big red flag among insurance companies . The bad thing about many of the TV advertised or mailed policy offers is that the questions on the application seem simple enough , but the small print is where you get denied . Please always seek out an insurance professional , to help you find the right policy for you . If you need help , please feel free to contact me , I 'm happy to help , okay ? Thanks for asking !


Input: Will I Be Denied Life Insurance?

Output: Life insurance companies deny applications occasionally . The risk of being denied is highest when you are trying to get standard coverage with a highly rated insurance company . There is a whole market , though , of companies that offer policies to people who might otherwise be declined . Their coverage might be more expensive but something is always better than nothing .


Input: Will I Be Denied Life Insurance?

Output: Whether you will be denied life insurance or not depends on a number of factors even if you are denied life insurance at standard rates you do have options . some companies offer guaranteed or easy issue insurance . I suggest you would work an experienced independent insurance broker . The broker can submit a trial application without jeopardizing you application with other companies . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Does Covered By A Retirement Plan Mean?

Output: Being covered by a `` retirement plan '' means that perhaps your employer had a 401k plan and you contribute to the retirment plan and the employer can `` match '' a percentage = like 3 % . There used to be alot of companies that had a `` defined benefit plan '' . Your benefit under a `` defined benefit plan '' was caluculated each year by the actuarial firm administering the plan . This type of retirement plan is rare . If you contribute to an IRA each year when you file your tax returns the tax preparer calculates how much of your contribution is allowed to deducted on your tax returns based on current tax law . Being covered by a Retirement Plan means that within the definition of the tax code you have contributed to a plan that is recognized by the IRS as a `` retirement plan .


Input: Who Should Buy Whole Life Insurance Policy?

Output: People who need permanent protection generally should buy Whole Life or guaranteed no-lapse Universal Life Insurance . Why ? Because Term insurance can not be counted on to be in force at the time of death . Term life insurance is often convertible to permanent insurance , but the conversion price is based on the age at the time of conversion . This can make converting unaffordable to people who may be living on retirement income at the time they want to convert their Term to Permanent insurance . It is usually less expensive to start out with a permanent policy for permanent needs , while the price is based on your younger age and better health .


Input: Who Should Buy Whole Life Insurance Policy?

Output: Whole life insurance is a great vehicle for planning for the future . The premiums and death benefit remain fixed and guaranteed for life while the policy can build cash value at a great rate - this structure is known as a non-participating whole life policy . The other type is called participating whole life policy . These policies can pay out dividends which can be used in several ways : 1 -RRB- Decrease the premium - the premium would eventually hit $ 0 at some point and the policy would , in essence , be self-sustaining meaning the dividend is equal to or greater than the premium for the program -LRB- if greater , the difference can be used to increase the cash value or increase the death benefit -RRB- 2 -RRB- Purchasing paid-up additions - these additions increase the face amount of the policy 3 -RRB- Increase the cash value at a faster rate The question of who should buy whole life insurance depends on the need for the coverage . When you 're young and you have 40 years to grow the cash value/face amount , it can be a helpful vehicle for growing funds while providing great life insurance protection -LRB- especially participating WL policies -RRB- . If you are buying purely for the death benefit , I recommend you look at purchasing a Guaranteed Universal Life policy -LRB- these policies maximize the death benefit and minimize the premium as they do n't focus on the build-up of cash value -RRB- . If you only need the coverage for a set amount of time -LRB- e.g. 20 years -RRB- , then you may want to look into term life insurance . While whole life has many advantages , it is also the most expensive form of life insurance . Consult with an experienced life insurance broker to find out which benefit structure will be most suitable for your needs and budget . Please feel free to contact me for assistance . Thanks very much .


Input: Who Should Buy Whole Life Insurance Policy?

Output: Whole life provides everyone with the ability to be sure they can have life insurance for the rest of their life , no matter how long they live . The rate is locked in forever . It never grows , and after time , it can even be paid out of the growth of the policy . The growth can be used for emergencies , for retirement , or any other need . The death benefit can grow to be multiple times the original death benefit . Yes , it costs more at the start than term policies , but it never changes , unlike term , and is always there , regardless of your health , unlike term as you try to enter into new terms later in your life . Yes , whole life gives you options and benefits no other life policy can provide . Thank you . GARY LANE .


Input: Who Should Buy Whole Life Insurance Policy?

Output: From the perspective of a senior citizen , the purchase of whole life insurance makes great sense . Many policyholders are really disillusioned when their term policy lapses or the premium for continued coverage soars into the stratosphere . The joy of the low premium is then forgotten . What these people remember is the money they spent and the coverage they now lack . Seniors often ask about life insurance .


Input: Who Is The Beneficiary In Credit Life Insurance?

Output: The beneficiary in credit life insurance is the lender through which your credit was obtained . The face amount of the policy reduces as your unpaid debt reduces . On the other hand , the beneficiary for regular life insurance is whoever you choose . They can pay off your credit card and use the remainder of the death benefit for other expenses .


Input: What Is Obamacare?

Output: The official name for `` ObamaCare '' is the Patient Protection and Affordable Care Act -LRB- PPACA -RRB- . It is also commonly referred to as Obama care , health care reform and the Affordable Care Act -LRB- ACA -RRB- . The Affordable Care Act -LRB- ACA -RRB- was signed into law to reform the health care industry by President Barack Obama on March 23 , 2010 and upheld by the supreme court on On June 28 , 2012 . The goal of healthcare reform is to give more Americans access to affordable , quality health insurance and to reduce the growth in health care spending in the U.S. . The fact is healthcare reform and the newly opened exchanges do not replace private insurance , Medicare , or Medicaid . If you have health coverage you like , you can keep it . Many of the ACA 's numerous provisions have already been enacted . The rest of the program starts in 2013-2014 and continues to roll out until 2022 . Healthcare reform offers a number of new benefits , rights and protections including the requirement that all new health insurance plans cover preventive services and provide new essential health benefits , this includes everything from yearly check-ups , to maternity care , to mental health , to mammograms and colonoscopies , at no out-of-pocket costs . In addition the ACA includes provisions that let young adults stay on their plan until 26 , stop insurance companies from dropping you when you are sick or if you make an honest mistake on your application , prevent against gender discrimination , stop insurance companies from making unjustified rate hikes , do away with life-time and annual limits , and require all insurers to cover people with pre-existing conditions .


Input: How Does Group Underwriting Work In Health Insurance?

Output: You should only be dealing with group underwriting if your group has more than 50 employees or you are considering a self-funded group health plan . The employees in your group will have to complete an application form and answer a variety of medical questions regarding various health conditions and prescription drug usage . These forms are then submitted for underwriting where an underwriter takes into consideration what health conditions exist in the group -LRB- diabetes , cancer , pregnancies , expensive maintenance drugs , etc. -RRB- and then makes a determination if the originally quoted rates for your group will generate enough premium to cover the average expected risk plus the now disclosed risks in your group . For example , if based on the census of your group the male to female ratio and average age in the group indicated a need for $ 20,000 per month in premium to cover the expected risk and overhead associated with your group you would start out with an proposal costing $ 240,000 annually . It is assumed there will be a certain average amount of health care consumption in your group based solely on the factors I 've described above . If , however , your group has risks in it that go beyond what is standardly assumed should exist -LRB- you have a large number of diabetics or some pregnancies in the pipleline or an ongoing cancer case for examples -RRB- then the underwriter will `` adjust '' the originally quoted rates to reflect the need for more premium to cover these higher than anticipated medical expenses . So , if the underwriter determines that your group is more likely to cost $ 300,000 in medical expenses and overhead rather than $ 220,000 as originally quoted , the underwriter will return a `` counter offer '' with a 36 % rate adjustment -LRB- $ 300K / $ 220K -RRB- to accept your group at its real risk level .


Input: Does Health Insurance Cover In Vitro Fertilization?

Output: In Vitro Fertilization is considered an elective procedure and is not covered by most health insurance plans . Nine states have insurance mandates that require certain plans issued in those states to cover at least one IVF cycle . Each mandate has different criteria for which employer plans and individual plans must comply , the number of cycles covered , and the policyholder eligibility criteria . Check the insurance laws in the headquarter states for your employer to see if a mandate applies .


Input: Can I Get Life Insurance On My Boyfriend?

Output: If you live with your boyfriend and share expenses with him , you can get a life insurance policy on him . If you and your boyfriend are just dating and not living together , it is doubtful that you will be able to purchase a policy with your boyfriend as the insured and you as beneficiary . If you are engaged to be married , it is more likely that you would be able to purchase such a policy . I hope that helps .


Input: Can I Get Life Insurance On My Boyfriend?

Output: Yes you may take out a policy on your boyfriend as long as it is for financial dependence . Some companies do n't allow this unless there is a financial need generated . He must be aware of the policy and a beneficiary be appointed . If you do take out the policy you will be the policy owner and he the insured . You can also have him be the policy owner and the payor of the policy . Almost the same . Anyone can be the named beneficiary as the insured chooses . There are other ways to do this . Contact me for mors info .


Input: Can I Get Life Insurance On My Boyfriend?

Output: As long as you have an insurable interest you can buy a life insurance policy on a person . That interest need only be present at the purchase of the policy . If that interest ceases you can still own the policy on the other 's life . There are many scenarios where this is practiced and generally is based on a dependence on the economic value of the other person -LRB- boyfriend . -RRB-


Input: What Are Tax Sheltered Annuities?

Output: Qualified annuities generally refer to tax deferred annuities is a qualified plan like ab ERISA -LRB- Employee Retirement Income Security Act of 1974 -LRB- qualified plan such as a 410 -LRB- k -RRB- . By inserting tax deferred annuities into a qualified plan contribution re-characterizes the basis as taxable during distributions , i.e. the entire annuity distributions are taxable as ordinary income .


Input: What Are Tax Sheltered Annuities?

Output: Tax sheltered annuities -LRB- TSA 's -RRB- are a type of retirement plan that allows employees of eligible public educational organizations or tax exempt organizations to contribute part of their pre-taxed salary to the plan with tax deferred growth . Employers are also allowed to contribute to a tax sheltered annuity for the employee . Authorized by IRS Section 403 -LRB- b -RRB- , TSA 's are also called 403 -LRB- b -RRB- plans .


Input: What Are Tax Sheltered Annuities?

Output: An employer can establish a plan in which contributions are deducted from the employees reported income and the money is invested in an annuity . The money placed in the annuity and the interest that it earns are not subject to current income tax . The benefits , when withdrawn are taxable as ordinary income . The best known Tax Sheltered Annuity is allowed under section 403 -LRB- b -RRB- of the Internal Revenue Code .


Input: Does Arizona Have No Fault Auto Insurance?

Output: Arizona does not . No-fault auto insurance has the insurance company pay for your damages no matter who 's at fault . In Arizona , we have uninsured and underinsured -LRB- UM/UIM -RRB- insurance for damages other people cause to you if they do n't have insurance or have enough . With state law , you have to sign whether or not you want UM/UIM coverage . Things UM/UIM may cover : A driver hitting you who does n't have insurance A driver hitting you who has insufficient coverage for your hospital bills A hit and run driver A driver who hits you while you 're walking or cycling Your medical bills when you 're a passenger in someone else 's vehicle and they have an accident -LRB- when the other driver 's insurance or theirs is insufficient -RRB- . UM/UIM is an excellent option for people looking for no-fault insurance . In fact , at our agency , we recommend UM/UIM to every one of our policyholders . If you have any questions , do n't hesitate to reach out to us at www.insuranceeddie.com .


Input: How Good Is Allstate Life Insurance?

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: How Good Is Allstate Life Insurance?

Output: Allstate is the parent company of Lincoln Benefit Life , which Allstate chose to develop their life and annuity products . Lincoln Benefit Life is based in my home state of Nebraska and is a good company . In order to find the best price with highly rated companies , you can go to free website quoters and Lincoln Benefit Life 's rates are included with other choices so you can see where it come in , price wise .


Input: What Is The Typical Cost Of Long Term Care Insurance?

Output: There is no typical cost for long term care insurance because the types of policies vary so much . Some parts of the country have much higher long term care charges than others , so some people must purchase much higher benefits than others . The cost also depends on the features chosen , including face amount , elimination period , and riders . Finally , the cost varies according to the age and health of the applicant . To find the best priced long term care insurance for you , contact a broker who can compare several companies , face amount , and features . That is the only way to know the typical cost for you .


Input: How Much Would Renters Insurance Cost For An Apartment?

Output: Rates for renters insurance depend upon a few factors . Where your apartment is located , how much personal property you are insuring and what liability rates you requested . For example , in Michigan , where I live I can get renters insurance covering $ 30,000 of personal property with $ 300,000 in liability coverage for about $ 200/year . The point is renters insurance is very affordable . I hope this helps .


Input: Who Is Riversource Life Insurance Company?

Output: RiverSouurce Life Insurance Company used to be called IDS Life Insurance Company . It is a part of the Ameriprise -LRB- formerly IDS family of companies -RRB- and all the representatives of Ameriprise can provide more information . As to their current status . You may get some additional information by typing their name into your browser or I suspect this company is based out of Minneapolis so you may ask the BBB to give you what information they have on complaints for performance details and satisfactorily handling complaints


Input: Who Is Riversource Life Insurance Company?

Output: Do you really want to do business with a company you personally never heard of and have to ask about ? Or would you be safer and rather do business with a company that is America 's Oldest , Largest , and Highest Rated Life Insurer ? New York Life has been providing Life Insurance to Americans for about 160 years ! Please call me and I can answer your questions about the great advantages of New York Life Insurance . Is n't that what you want for your family ?


Input: Can Married Children stay On Parents Auto Insurance?

Output: Generally married children can not be on the parents policy . What happens if you try to hide this `` material fact '' and you have an accident and now you need to file a claim ? Usually if you are on your `` parents '' policy the parent is the `` primary '' driver and you are a child that just drives your parents car sporadically . If you or your spouse have a vehicle and you have the car financed in your name and your parents are not on the note-can you say Red Flag ?


Input: What Levels Of Car Insurance Should I Have?

Output: That will vary from individual to individual . Ultimately you want enough coverage to provide protection for yours ' and your family 's assets that could be taken if you were involved in an accident that your are deemed responsible for . I personally recommend no less 100/300/100 coverages to all of my perspective clients . Contact a local agent to discuss your coverage needs and concerns .


Input: Can I Get Life Insurance On My Brother?

Output: Many siblings will buy life insurance on their brothers so that there are funds to use for funeral expenses when their brothers die . For larger face amounts , you would need to show that you and your brother share finances in some way . I.e. . You own a property or business together , you share living expenses , your brother owes you money , or vice versa .


Input: Can I Get Life Insurance On My Brother?

Output: Can you get life insurance on your sibling ? Yes , you may have to explain the need to insure your sibling that shows an insurable interest and your sibling has to consent to coverage . But it should n't be a problem to insure a sibling and visa versa . It 's done quite often in buy sell situations in family business .


Input: Does Life Insurance Cover Drug Overdose?

Output: Video Transcript : Today 's question is , Does life insurance cover drug overdose ? Remember , during the contestability of a contract during the first two years , if somebody actually overdosed on drugs and that can be quantified as suicide , most carriers will not pay the death claim . If this is an accidental drug overdose , whether by prescription or whether by street drugs , then if it 's just a normal death claim , it should pay the claim . But keep in mind , this is going to be highly investigated during the first two years . So if death occurs and drug overdose is involved , you 're going to go through an investigation process to determine under their due diligence process whether this was suicide or not . So just keep in mind when you 're looking at a question like this you 're saying , When did it occur and under what circumstances did it occur ?


Input: Does Life Insurance Cover Drug Overdose?

Output: Life insurance will cover death by drug overdose . During the first two years of the policy , the life insurance company will not pay the death benefit if suicide occurred , or if death was due to something that was omitted or lied about on the application . Most life insurance applications do ask if you have had drug treatment , or crime related to drug usage , at least in the past few years . But if you were honest on the application , and after the first two years , the policy would most likely pay for drug overdose in any circumstance .


Input: When Is A Retirement Plan Subject To Erisa?

Output: The Employee Retirement Income Security Act of 1974 -LRB- ERISA -RRB- qualifies a plan for tax favored treatment and regulatory requirements and rules of engagement . A qualified defined benefit or contribution plan under ERISA will have compliance items that administrators must adhere to . 401 -LRB- k -RRB- , 403 -LRB- b -RRB- , IRA , SEP IRA are some examples .


Input: How Long Does It Take To Get Medicare?

Output: In reality , it it best to allow 30-60 days after enrolling in Medicare before you will receive word of being officially enrolled . Take advantage of the 3 month window you have of signing up before the month of your 65th birthday , to ensure that you get your Medicare benefits on time .


Input: Can I Get Long Term Care Insurance If I Have Multiple Sclerosis?

Output: It is difficult to get a Long Term Care Insurance policy while having multiple sclerosis . There is a graded benefit policy that you could get if your MS is very mild and you have not had any exacerbations in many years . Another option for Long Term Care Insurance that is available to persons with mild to moderate multiple sclerosis is Life Insurance with living benefits . This allows you to take part of the death benefit at cash while you are still alive if you are unable to do some ADL 's . Of course , you must be able to qualify for this policy , but it is much easier to qualify for this life insurance policy than it is to qualify for a long term care insurance policy . Please feel free to give me a call and I would be happy to show you your options .


Input: How Does Medicare Reimburse HMO?

Output: They reimburse by the Medicare fee schedules and any negotiated arrangements they may have entered into with the HMO . There are experiments going on around the nation where different payment methodologies are being tested out to try and find that perfect balance of quality care and affordability . So , it 's never really been possible to give one answer to your question and in today 's environment that is doubly true . As a general rule , HMO 's were designed originally around a per member per month payment model though this approach has also gone through many variations over the years . In a very real sense you can say that Medicare Advantage plans are HMO 's or have more HMO like features than conventional Medicare does .


Input: What Does A Deductible On Health Insurance Mean?

Output: A deductible is the amount you have to pay before insurance pays for your medical costs . Say you have a $ 1000 deductible and you go to the doctor and they bill you $ 500 . You are responsible for paying all of that $ 500 . Say the next time you go , they bill you $ 1000 . Well you would pay $ 500 and then the other $ 500 will be covered by your insurance , unless you also have to pay coinsurance and copay , then you will need to pay more out of pocket costs .


Input: Does Having A Baby Lower Your Car Insurance?

Output: Having a child is not a rating factor for auto insurance so this will not lower your auto insurance . What you do have to look forward to is when your child starts driving . Then you will see a rate adjustment . I recommend all young drivers to have a 3.0 GPA or better to keep the rates down .


Input: How To Plan For Retirement At 30?

Output: Retirement planning is an evolving science . There isnt consensus on the best way to prepare for retirement ; however , moving money from your current account to the future account is the basic step you must take . Relying upon the return on investments is at best grasping at a straw as those who lived through 2008 know . Move capital , start now , dont quit and review your plan , review your plan , review your plan .


Input: How To Plan For Retirement At 30?

Output: Ah youth ! If most baby boomers had to do it all over again , they would have paid into their retirement plan first before spending any of their discretionary money of a lifestyle supported by debt . At age 30 , you may have 40 years to accumulate a retirement plan that may need to last 30 years ! Disciplined deposits are the first order of the day . Developing a financial profile that included a risk tolerance assessment is also very important in light of your financial goals , i.e. a fully funded retirement plan .


Input: How To Plan For Retirement At 30?

Output: That is a great question , and I 'm really glad that you did n't wait any longer to ask it ! The first step would be to meet with an advisor to look at where you stand financially right now . Once you 've looked at where you are , you want to decide where you want to be . What are your goals for retirement ? Travel ? Retirement home somewhere ? These kind of goals help determine how to set up a solid plan for you . Depending upon where you are financially , you may need to change some of the things that you are doing now . Current wisdom says to live in retirement at the standard you are now , it will require that you have saved 8-10 times your current salary . I would strongly advise that you find someone that you trust to start the process for you , and the sooner the better . If you would like to discuss this further , please feel free to contact me , I 'd be happy to make some time for you . Thanks for asking !


Input: How To Get Disability With No Insurance?

Output: If you do not have any disability insurance on your own or through your employer , you need to apply for Social Security Disability benefits . You can visit ssa.gov / disability to read about this government program . They also have online forms you can use to apply , or paper documents that you can send for .


Input: How Much Is A Doctor Visit With Medicare?

Output: The Medicare allowance for doctor visits will vary by doctor -LRB- general practice or specialist -RRB- , the geographic area and level of services rendered . If you have original Medicare , you are required to pay 20 % of the Medicare allowance after you have satisfied your Part B deductible . If you have Medigap plan F approved doctor charges are paid in full .


Input: How Long Does It Take To Process An Auto Insurance Claim?

Output: It really depends on the circumstances of the claim . If you have a good insurance carrier , they should certainly start the process within 24 hours of receiving the claim from you . If it is a simple property damage claim it can be handled much more quickly then if the accident involves bodily injury or the fault ca n't clearly be determined . Sorry , I do n't think there is any easy answer .


Input: Is Car Insurance Cheaper If Married?

Output: Each state insurance commissioner has jurisdiction over the manner in which auto insurance rates are determined . In California the state constitution has been amended to limit the rating factors . Marital status is not one of the factors considered in California . In other states , marital status is considered . Check with your state insurance commissioner to determine how it is handled in your state .


Input: Is Car Insurance Cheaper If Married?

Output: In the three states I operate within the answer is an easy YES . Some states have enacted `` essential insurance '' laws to minimize or eliminate differences in rates based upon sex for youthful drivers . However , marriage is a long understood marker of stability and companies once used similar indicators to give underwriting guidance to an application .


Input: What Do I Need To File A Renters Insurance Claim?

Output: To file a renter 's insurance claim , you would , of course , need to be insured under an active policy . You should also verify that it is a claim that is likely to be covered . Your broker or agent that sold you the policy can discuss that with you . The process does not take long and a payment will be processed quickly .


Input: How Is Progressive Homeowners Insurance?

Output: That is a difficult question to answer . Progressive does not write Home insurance they partner with Homesite insurance and a few other companies such as ASI in order to give you a discount for bundling . It depends on the company that they write the policy through . the most important thing is to review both policies and read the fine print . i would recommend sitting down with a local agent . Jarrett


Input: Does Everyone Get Life Insurance?

Output: Everyone should get life insurance , but not everyone does . It 's not something that is required by law as is automobile insurance - although it should be ... At least a minimal amount to pay for final , -LRB- funeral -RRB- expenses . As mentioned above not everyone `` needs '' life insurance . But there is n't a better , safe way to build personal wealth and take advantage of tax benefits than Whole Life Insurance with a Mutual insurance company ! That 's why Bill Gates and Warren Buffet have large whole life policies .


Input: Does Everyone Get Life Insurance?

Output: Unfortunately , the statistics show that most dont have enough life insurance and many dont have any . The issue is love . If you love someone , you wont neglect making provision for them if you arent there . In our city , people on the street corner begging for money to bury a loved one is an all too frequent occurrence . A few dollars a day set aside by that loved one would have taken care of those expenses .


Input: Does Everyone Get Life Insurance?

Output: Unfortunately , not everyone can purchase life insurance . Life insurance like all insurance products is a risk based product . Think of an actuary of an insurance company like a pit boss at a casino . In a raw form you the purchaser are hedging your bet that you may die within a period of time , for example 20 years if purchasing a 20 year level term policy . The actuary or `` pit boss '' is betting based on numerous factors of age , build , life style , occupation , etc. that you statistically wo n't die in the next 20 years . They set the premiums based on your risk factor . A high risk person , for example with terminal cancer , could not purchase a life insurance policy . Just be careful and read the fine print if purchasing a guaranteed issue life insurance policy . There are a lot of stipulations and exemptions built into those types of plans . I would recommend seeking help of an independent broker who will give you unbiased opinions .


Input: Does Everyone Get Life Insurance?

Output: Life insurance is not mandated , so everyone does not get life insurance . Unfortunately , many of those who do not purchase life insurance , need it most . Anyone who has suffered the loss of a loved one can tell you that if the deceased had life insurance , it made things so much easier . Some will tell you that their loved one having -LRB- or not having -RRB- life insurance literally changed their life . If everyone could hear the stories we do , nearly everyone would have life insurance .


Input: Does Everyone Get Life Insurance?

Output: No . Many people do n't need life insurance because they have : 1 -RRB- no dependents who count on them and no debt that would accrue to someone else if the died , or 2 -RRB- they have enough money to be self-insured Then there are those who should be insured but are n't . Surveys show that a main reason for that is thinking that it is too expensive . Ironically , life insurance is one of the least expensive things that you can buy . If this is you , visit a website where you can get quick quotes and see how cheap it really is . -LRB- Our site , QualityTermLife , does n't ask for your contact information to check out quote comparisons . -RRB-


Input: What Are The Possible Drawbacks Of Universal Life Insurance?

Output: When addressing regular Universal Life Insurance -LRB- as opposed to Indexed Universal Life or Variable Universal Life Insurance -RRB- , the biggest drawback , in my opinion , is with policies that do not have a guaranteed death benefit . The disadvantage of this type of non-guaranteed Universal Life policy was more profound in the past , when they were taken out at times of very high interest rates . Those interest rates were projected into the future , and when the rates fell , many UL policies lapsed years ahead of their projections . This is preventable by taking out policies with guarantees not to lapse for x number of years , or to age 120 .


Input: What Are The Possible Drawbacks Of Universal Life Insurance?

Output: This is a very intelligent question I wish more people would ask ! Universal Life Insurance is considered a `` Permanent '' insurance . Unfortunately what often is n't disclosed is that Universal policies have a continuously increasing ` cost of insurance ' assessed annually . So while the premium may not be increased , what most often happens is that the cost of insurance fees eventually eat up whatever cash value had been accumulated until there is no more cash value . Then unless the premiums are increased to cover the shortage the policy will lapse . So it 's better to think of Universal insurance as a longer version of Term insurance .


Input: Should You Borrow Against Life Insurance Cash Values?

Output: You were diligent to purchase a life insurance policy with cash value potential , pay the premiums , and keep it long enough to accumulate a cash value . There is no reason that you should not borrow against your life insurance cash values , if you want to . Become acquainted with how your policy works so that you can repay the loan and retain the death benefit , or know the consequences of the loan upon your policy if you choose not to repay it later on .


Input: Does Homeowners Insurance Cover Stolen AC Units?

Output: The most common homeowner policy forms of coverage written in the USA today includes the peril of theft - also called the `` cause of loss '' . All policies also include limitations and exclusions that may restrict theft to certain dollar figures or certain types of property to a certain dollar amounts . Generally speaking , the theft of an air conditioning unit is not one of the common types of property that is limited or excluded . You should not assume this advice is the same for policies covering rental properties as they are occasionally written without the theft peril due to the choice of coverage terms . In some rare cases theft is a cause of loss that can be bought back in certain coverage amounts for an additional premium on rental/landlord type policies . The DF3 or DP3 forms include theft for landlords but check local representatives for specific advice in your locality that conforms to local custom and practice . Either way , it is still a good question for your local representative who can point to the exact language or limitation in your insurance coverage and help you understand how to deal with the new exposure to the theft of devices and property that has aluminum , copper , and other metals of value from your property . .


Input: Does Homeowners Insurance Cover Stolen AC Units?

Output: It is a good possibility that it will as many homeowners policies provide some coverage for stolen items . Covered items may be subject to your policy deductibles though . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: When Should I Buy Life Insurance?

Output: Buy life insurance when you are ready to make a commitment . A commitment to whom , you say ? A commitment to the beneficiary . If the policy would be for personal use , that means to your spouse . Do n't buy the policy until you 're ready to make sure his or her future is secure . If the policy is for business use , then do n't buy the policy until you are ready to make sure the business is secure . If the policy is to be used as a charitable gift , then do n't buy the policy until you are ready to make sure that the charity close to your heart is secure . Why is commitment important here ? Because without it , a life insurance premium payment becomes just another bill . But , your life insurance policy is different . To get it , you will have to go through underwriting that is more thorough than anything else you will have experienced . Your current health ; medical history ; family medical history ; job ; hobbies ; travel habits ; and legal , financial , and motor vehicle records will have to be reviewed . Once you are approved for coverage , the only way you can lose it is if you stop making those payments . You would not want to go through that again if it could be avoided . If you remain committed to the security of your beneficiary , you will make sure that payment is always made . If you are ready for this today , then buy it today .


Input: When Should I Buy Life Insurance?

Output: While you 're young and healthy ! It 'll be a lot cheaper than when you 're 60 and have had a heart attack , are diabetic , or have had some other condition that will cause your risk class to be less favorable , which equals higher premiums . The rates will be a lot higher on age alone too - buying $ 1,000,000 of life insurance at 35 and $ 1,000,000 of life insurance at 65 are going to produce very different premiums , regardless of health . Remember though , there has to be a purpose for the benefits and they have to be suitable to you as well . A carrier may not want to approve a policy for you if you 're getting it just cause . There 's many situations that will cause a need for life insurance benefits such as getting married , having a child , and estate planning purposes , just to name a few .


Input: When To Change Homeowners Insurance?

Output: You can change your Homeowners ' Insurance at any time , but for the most part , the switch can be a bit less complicated at the policy 's anniversary date rather than mid-term . That having been said , if you decide you have a need to change at any time , talk to your Insurance Professional who will be able to help make it as easy and beneficial to you as possible .


Input: When To Change Homeowners Insurance?

Output: Ideally changing your homeowners insurance from one carrier to another would be best on the anniversary date of the renewal of the policy . In other words , if the policy runs from 7/5/2014 - 7/5/2015 , ideally changing your policy on 7/5/2015 would be best . However , there a number of factors involved . As a licensed independent agent , I recommend reviewing your current coverage once a year with your agent to be sure you have the proper coverage . At times , carriers go through rate changes and it may be favorable to change to another carrier . Understand however , that when you change your home insurance , you should strongly consider changing you auto along with it to the same company . Most carriers offer substantial discounts for the multipolicy discount of having both home and auto coverage with the same carrier . The second reason it is best to change on your anniversary is most times your home insurance is rolled into your monthly mortgage amount through an escrow account . Whenever you do change carriers , the new carrier will have to be billed , the old carrier has to refund the escrow amount , and the new check forwarded to the new carrier . It is easiest and least confusion , if that is done at the annual period . With all that being said , if during the middle of the year you find it prudent to change your homeowner coverage to another carrier , it can be done , you just need to be aware and work with a knowledgeable agent to be sure the transition runs smoothly .


Input: When To Change Homeowners Insurance?

Output: The date is usually not a critical issue . What is critical is to inform the losing company of the transfer . If you wait until the renewal date , they will proceed with non-renewal and that may involve covering you for a period that you did not anticipate . The company is able to collect premium for that period . It is best to inform the losing company , and provide evidence of new coverage immediately .


Input: How Do You Borrow Money From Your Whole Life Insurance?

Output: As an insurance broker I would not want any of my clients to borrow against their policy for this reason the policy over a period of three or more years if the loan is not paid off the policy will drop in value another reason I would feel like I had n't done my job if the relationship with your agent is a good one you want need a loan you will be making loans yourself .


Input: How Do You Borrow Money From Your Whole Life Insurance?

Output: You can contact the insurance company to request to borrow funds from the policy -LRB- your company 's policyholder services department should be able to handle it - they may request you complete a form for written documentation purposes -RRB- . The maximum amount you can borrow is up to the current surrender or loan value cited in the policy at the time you want to borrow from the cash value . Keep in mind , when you borrow money from the cash value , you are creating a loan against the policy -LRB- the funds are expected to be paid back and , much like you do when borrowing from a bank , an interest rate is being charged on the borrowed monies -RRB- . If the insured dies with an outstanding loan , the carrier will deduct the outstanding amount and any interest charges from the death benefit and give the difference to the beneficiary . I would recommend consulting with your agent before borrowing from the cash value to find out what will happen when you create a loan against the policy and what you 're responsible for . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Do You Borrow Money From Your Whole Life Insurance?

Output: Policy loans are a feature of a whole life policy . They allow the policyholder to borrow against the stated non-forfeiture value of the policy at a nominal rate of interest without explaining to anyone the purpose for the loan . Businesses have been saved thanks to a loan from a whole life policy .


Input: Can My Ex Wife Be On My Health Insurance?

Output: Typically , an ex-wife and ex-husband can not be listed on your health insurance . Usually , a health insurer allows you to have family members on a contract . There may be a short period of time when they can be covered following an official divorce , but generally not long-term . The ex-spouse can apply for coverage on a separate policy .


Input: Can Disability Insurance Payments Be Garnished?

Output: I am not an attorney , but as far as I know a creditor can not garnish disability benefits . The benefits should be protected under the privacy act . I know it to be true for Tennessee and some other states , but I ca n't confirm all 52 states . Verify with an attorney but I am confident the benefits are free from creditors .


Input: Can Disability Insurance Payments Be Garnished?

Output: The law varies from state to state regarding private disability insurance payments . If such payments are exempted from garnishment in your state , you should put those payments in a separate checking account . If they are mixed with your other funds , that checking account could be garnished . If you owe child support or payment on bills , your disability insurance payments may be garnished .


Input: Who Can Be Your Life Insurance Beneficiary?

Output: On a life insurance policy you own on your own life , you may name anyone as the beneficiary of the policy . The concept of insurable interest provides that one has an unlimited interest in their own life . You may also change the beneficiary at any time . All other insurable interest arrangements have limits .


Input: What Is The Fine For Not Having Car Insurance In Colorado?

Output: Auto insurance is required to register your can and to legally drive in Colorado . If you are caught driving without proof of insurance , the fines are extensive -LRB- as shown in Colorado Statute 42-4-1409 -RRB- : Four points against your driver license . First offense : minimum $ 500 fine , and license suspension until you can show proof to the Division of Motor Vehicles that you are insured . Second offense : minimum $ 1,000 fine and license suspension for four months . Third and subsequent offenses : minimum $ 1,000 fine and license suspension for eight months . Courts may add up to 40 hours community service to the above penalties .


Input: Is Whole Life Insurance Better Than A 401K?

Output: These are two very different products that serve 2 different purposes so it ca n't be said whether one is better than the other . 401k 's are generally funded to be used for retirement savings purposes that can be accessed during your senior/retirement years . During your working life , many employers will offer to match all or a portion of the funds you place into your 401k -LRB- varying on a number of factors -RRB- . The intended purposes of whole life insurance are to create large sums of money quickly in the event the insured dies . It 's typically used as a form of protection to pay off debts -LRB- so your family is not burdened with those expenses -RRB- , provide income to a surviving spouse , leave a legacy to the insured 's loved ones , etc. . While whole life insurance does build cash value that you can borrow against , it 's actually creating a loan against the policy and is expected to be paid back -LRB- interest would be charged like you would have on a loan from a bank -RRB- . Cashing out a policy can be done , but you lose the protection of the life insurance and you may be subject to surrender charges and/or taxes on any gains -LRB- cash value amount is higher than total premiums paid into the policy -RRB- . When you buy life insurance , you 're buying it for the purposes of the death benefit protection - it 's not typically considered/used as an investment/retirement savings vehicle .


Input: Is Whole Life Insurance Better Than A 401K?

Output: The case can be made that a whole life policy is a retirement product . Because of its design it has the advantage of being self-completing . That means that if you dont live to retirement the money will be there anyway for your heirs . Because of the favorable tax treatment of life insurance it can accumulate significant guaranteed cash values which are one of a few guaranteed retirement products available . Often they actually compare favorably to other investments .


Input: Who Sells Whole Life Insurance?

Output: A whole life insurance policy can be obtained from a licensed insurance agent . If you dont know an agent that you trust ask your friends , colleagues and neighbors for recommendations . A good agent will listen to you , provide sound financial advice and communicate clearly with you and with the insurance company . He will be able to match your needs with your ability to budget the expense .


Input: Who Sells Whole Life Insurance?

Output: There are fewer carriers today that sell whole life than at any time in recent history . There are 2 suggestions I can make . The first is to purchase from a mutual company , one whose policyholders own the company so that you receive dividends in addition to interest . The second is to use an independent agent with access to more than one carrier so that you can compare illustrations and underwriting .


Input: Who Sells Whole Life Insurance?

Output: That is a great question ! There are several companies out there that would be very happy to sell you a whole life policy . I work with seven myself . The best thing to do is look for an independent insurance agent . We do n't work for any one specific insurer , and can offer several alternatives to best fit your needs , and budget . Go online and find a couple in your area , and then make appointments to go and see what they will offer you . I hope that helps , thanks for asking !


Input: What Happens To Annuities Upon Death?

Output: An annuity can have two phases . If death occurs during the accumulation phase a basic annuity would pay the total of deposits plus interest earned to a designated beneficiary . If death occurs during the distribution phase , distributions would cease at the death of the annuitant . There are optional riders and distribution programs available to tailor the results .


Input: What Happens To Annuities Upon Death?

Output: Annuities upon death are designated to the beneficiaries whatever is left in the policy . They are tax deferred and are designed to accumulate cash value . and interest until payout at age 59 1/2 . They are taxed as income when payout but not at pay in . Its better to get the deferred annuity , but in situations depending on need immediate annuities are used .


Input: What Happens To Annuities Upon Death?

Output: It depends on the type of annuity you have . Deferred Annuities will usually pass on the Actual Account Value to the beneficiaries listed on the policy . Immediate Annuities usually depend on the option selected upon starting the policy . Some have a fixed number of years that they will continue to pay out to a beneficiary listed on the policy . Others have no period listed and will discontinue all payments upon death of the annuity policy holder . Make sure to discuss all options with your Agent prior to deciding on a certain annuity .


Input: Is Disability Insurance Cheap Or Expensive?

Output: Everyone 's definition of cheap or expensive varies greatly . Also , there are many factors to determine the cost of one 's disability insurance plan . It depends on whether the plan is long or short term . It depends on the elimination periods and benefit limits . Most importantly it depends on the person 's age , build , state of residence , occupation , income , net worth , health status and life style . Too many factors to state whether it would be cheap or expensive to do the adequate job of protecting your loss of income due to a serious illness or injury . Feel free to contact me if you need more specifics , I am always happy to help .


Input: Can I Drive A New Car Without Insurance?

Output: In the same way that you can jump out of an airplane without a parachute , you can drive a car without auto insurance . The chances of either being a successful experience will be the result of dumb luck . Why would you want to take a 2000 pound missile out into the public , knowing that it could maim or injury anyone that it hit , and not protect yourself against the economic consequences of that action ?


Input: Can I Drive A New Car Without Insurance?

Output: Driving a car without insurance depends on your jurisdiction . In Maryland any owned and registered vehicle must be insured . The penalties for owning and registering a vehicle without insurance is $ 150 for the first 30 days and $ 7 per day there after for as long you remain uninsured . This penalty will follow you even if you move to another state . Any tax refund will be intercepted to pay the penalty


Input: Can You Cancel Car Insurance With An Open Claim?

Output: To the best of my knowledge an open claim does not obligate you to remain with your current carrier . I personnally would not recommend cancelling coverage withthe carrier that you are with as you already have a history with them and will more than likely be receiving a lessor rate than with another carrier . Cancelling your coverage will not remove you from any liability that arises from the claim that is not covered by your insurance carrier . If you are concerned that a claim is not be handled properly contact your agent and let them know so that they can attempt to help you find a resolution .


Input: What Is The Fine For No Car Insurance?

Output: The fine for not having car insurance will vary from state to state . Each state sets their own penalties for not having auto insurance . You could find out this information on your states department of motor vehicles website or possibly through your states insurance commissioner website or contact your local police department .


Input: How Many People Have Disability Insurance?

Output: Here are a few stats of interest . Over 100 million U.S. workers are without disability insurance . 70 percent of non government workers have no long-term disability insurance through work and no reserve funds able to keep generating a paycheck if they were unable to work .


Input: Will Medicare Pay For A Gastric Bypass?

Output: In some cases you may qualify for a covered gastric bypass under Medicare . Your doctor must attest that you are morbidly obese and other methods of weight loss have not been effective . Surgery can be an option if you are otherwise healthy enough to survive the surgery . If you are under 65 and morbidly obese you may qualify for SSDI and Medicare .


Input: How To Cancel Nationwide Renters Insurance?

Output: If you no longer have the need for your Renters Insurance Policy , you can contact your Nationwide Insurance Professional , discuss your situation and your resulting decision to cancel the policy and they will be able to help you do that quickly and efficiently . You may be asked to provide the request in writing and signed , which if you think about it is only right since when you began the coverage , you were asked to sign a written application .


Input: Can I Get Car Insurance If I Only Have A Permit?

Output: Yes , you can get car insurance with a learner 's permit or a school and work permit . The public interest is served by having all driver 's have auto insurance , so state insurance commissions do n't look too favorably on insurance companies if they refuse to insure permitted drivers . If you are under 18 you will likely need a parent on the policy with you as you are too young to sign a contract , but that is the only issue I have ever seen with a permit . Let me know if you have more questions .


Input: Can I Get Health Insurance With A Pre Existing Condition In Florida?

Output: Yes , all policies with an effective date of January 1 , 2014 and after will no longer have pre existing condition issues in Florida or any other state for under age 65 health insurance . It 's important to work with an independent agent to get unbiased advice on selecting the plan that will best meet your needs . People can even run a quote from all the major carriers on our website . For the under 65 plans its listed under `` other '' . For the folks turning 65 or older they can run a Medicare Supplement plan directly on our home page .


Input: Is Disability Insurance Worth It?

Output: Is Disability insurance worth it ? That is a question that can only be answered by the individual and what is valuable to them . Some people would rather pay for extra features on their cell phone plan than make sure they 've protected their paycheck from them getting sick or hurt off the job . I mean nobody gets hurt away from work ??? The worth of insurance is up to the person who choses it or decides not to . They 're the ones who live with the result .


Input: Is Disability Insurance Worth It?

Output: The short answer is , if you need your paycheck to survive , then yes , disability insurance is worth the price . If you can get by for months or years without a paycheck then there is no need for disability coverage . Some states have disability plans funded by taxes , but these are usually short term .


Input: Will Medicare Pay For An Adjustable Bed?

Output: Medicare pays for a hospital bed under `` durable medical equipment '' . If you need an adjustable bed please discuss this with your doctor and alert them that you are going to purchase a bed and the company selling the bed will bill medicare so you can ask the doctor if he will certify it as being medically necessary


Input: Does Walmart Take Medicare?

Output: Walmart does accept Medicare Part B. Qualified Medicare recipients can purchase durable medical equipment , medical supplies , and other items covered by Medicare Part B in the Walmart pharmacy area . Walmart also is a participating provider in most Medicare Part D plans , and you can purchase drugs covered under Medicare Part D in a Walmart pharmacy .


Input: How Old Does A Car Have To Be For Classic Insurance?

Output: Depending on the carrier 20years is the averageThat is if you are looking for just a classic car policy which is fairly in expensive . I have ran and sold policies and been as little as 98 a year with full coverage but your not allowed to have any drivers under the age of 25 and it can not be used for regular use on a daily basis but you also can talk to your agent and see if your personal auto policy can add it with different coverages if your are not driving it that much and still keep your costs down


Input: Does Medicare Plan B Cover Prescriptions?

Output: Good question . Medicare normally covers drugs under part B in very limited situations . Such as injections administered in a doctors office , certain oral cancer medications , drugs used with durable medical equipment such as nebulizers/external infusion pumps . You will still be responsible for 20 % of the bill . Look into a Medicare supplement to Part C/D plan and compare your options .


Input: Does A Life Insurance Policy Cover Natural Death?

Output: Yes , Life Insurance covers natural death -LRB- death due to illness or `` old age '' -RRB- . But Life Insurance also covers accidental death . Life insurance typically covers all types of death except suicide in the first two years of the policy . This is different from Accidental Death Insurance , which only covers death by accident and NOT by natural death .


Input: Does A Life Insurance Policy Cover Natural Death?

Output: Traditional life insurance pays a death benefit amount to the beneficiaries of the policy no matter what the cause of death is with the exception of suicide during the contestibility -LRB- the first two years of the policy -RRB- period and sometimes when a felony murder is committed by the beneficiary against the policy insured .


Input: Does A Life Insurance Policy Cover Natural Death?

Output: Natural death is typically what a life insurance policy is written to pay out for . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does A Life Insurance Policy Cover Natural Death?

Output: Yes , life insurance does cover natural death . This is different than Accidental Death and Dismemberment Insurance -LRB- AD&D -RRB- , which would only include death by accident . The one exception for life insurance not being covered comes within a suicide clause . This clause is generally included in the two year contestable period . The two contestable period provides protection for life insurance carriers . For example , if an individual falsely omits having depression during the application/interview process and commits suicide shortly after securing life insurance protection , a life insurance carrier may deny the death benefit claim .


Input: Does Universal Life Insurance Work?

Output: Universal Life Insurance can work . I recommend you have a conversation with your independent life agent to determine if it best suits your needs . Ask them specifically about the fees , expenses and all other charges involved with this type of life insurance . Then you can make an informed decision if it will work for you ...


Input: Does Universal Life Insurance Work?

Output: Universal life insurance has expenses and fees : front end premium load , administration fee , policy fee and a charge for the cost of insurance . Once those charges are assessed , the remaining premium is credited with earnings depending upon the crediting method : interest rates , indexing or separate sub accounts -LRB- which can lose money . -RRB-


Input: Does Life Insurance Affect Social Security Benefits?

Output: No , Life Insurance does not affect Social Security benefits . Life insurance is not considered income , and Social Security only considers income in deciding whether to cut retirement benefits -LRB- and this is only in the window after benefits are accessed and before full retirement age -RRB- . Life Insurance and other `` unearned income '' is not considered in the calculation of Social Security benefits at any age .


Input: Does Life Insurance Affect Social Security Benefits?

Output: Usually the answer is no because the money recieved from a life policy is not considered income , depending on how you have set up the cash values account . There are ways to make the gains on the gains of a policy taxable , but most agents wo n't set up the client 's option that way .


Input: Will My Business Get Penalized If An Employee Declines Health Insurance Coverage?

Output: The law states that you must offer coverage . If you have a record that coverage was offered and declined then you will not be penalized . The key here is proper record keeping . There are several reasons an employee may decline your group plan They may be able to receive coverage from a spousal plan for example . There are still many questions that need addressed in the new legislation , and there is a lot of misinformation . An agent versed in the new mandates can be of help as the deadlines approach . The coverage offered must meet the mandates affordability guidelines however .


Input: Why Are Only Some People Covered By Health Insurance?

Output: Not everybody is covered on a health insurance policy because they either choose not to , or they can not afford coverage . Those two situations have been addressed with the Affordable Care Act , which will provide tax subsidies to low-income earners and also tax any person that does not buy qualified health insurance . This begins in 2014 with Open Enrollment starting later this year . Now may be a good time to get a free quote from an experienced broker to begin reviewing options now , and comparing them to prices that may be applied in 2014 .


Input: What Should You Know About Renters Insurance?

Output: I 'm glad you asked this question . I wish more people would before they listen to someone tell them that the lowest price is the best . Nothing could be further from the truth . For a very reasonable and affordable premium , you can get renter 's insurance that works right for you . First , pick the right limit for your personal property -LRB- your stuff -RRB- . there are some great tools to help you estimate this and the number 's bigger than you think . One of the best is on Allstate 's website -LRB- no , I 'm not an Allstate agent , I just like their tool -RRB- . Next , pick the right settlement option . Actual Cash Value -LRB- ACV -RRB- : The insurance company will depreciate everything you lost and write you a check for that amount up to the policy limit . Replacement Cost : The insurance company will pay to replace the stuff you lost with new , up to the policy limit . I usually sell replacement cost because most people would rather have new stuff . Keep in mind , if you choose replacement cost , your limit should be higher than if you choose ACV . Make sure you have broad form or special form coverage on your personal property . This will ensure you have coverage for theft . Lastly , pick the right liability limit . If an agent tries to sell you a liability limit of $ 100,000 , run away and find a new agent . If you get sued , it will likely be for a lot more than $ 100,000 . Here 's the worst part , the premium difference between a limit of $ 100,000 and $ 500,000 could be as low as $ 9 per year -LRB- that 's what it is with my company -RRB- . The most important thing you should know is that a good agent will take the time to find out about you and the things you own . Then , he/she will put together the right coverage to protect you . If it costs a little more , pay it . An extra $ 50 premium might save you thousands at claim time .


Input: Can You Have Two Medicare Supplements?

Output: No - only one Medicare supplement plan will pay after Medicare pays . If you try to have 2 Medicare supplement plans , you 're spending extra money on the 2nd plan for no reason because it wo n't pay any benefits . Only one supplement plan will pay . The cost of 2 plans would also be more than having 1 Medigap plan F that covers all 9 benefits at 100 % . I hope the information is helpful - please feel free to contact me for help and if you have any questions . Thanks very much .


Input: What Happens When Term Life Insurance Matures?

Output: Term Life Insurance does n't `` mature '' ... It terminates - expires - ends . When a term policy ends , that 's it . No more insurance . If you live longer than the policy the insurance company keeps what you 've paid and usually will offer to sell you another policy . At much higher rates of course as now you 're older than you were when you bought the first policy . And of course you will have to qualify again by taking another medical exam and being young enough to be insured .


Input: What Happens When Term Life Insurance Matures?

Output: Term life insurance does not mature because term life insurance does not have cash value . Policy maturity means that the cash amount equals the face amount -LRB- the policy endows -RRB- and/or the money will be paid to the policy owner as designated in the policy contract . Term life insurance can not endow , and there is nothing in a term contact that says money will ever be paid out . An exception is ROP -LRB- return of premium -RRB- term life insurance that will return the premiums paid in when the term expires , per policy contract .


Input: What Happens When Term Life Insurance Matures?

Output: Term life insurance is temporary coverage , although many term life contracts have conversion options , generally time sensitive , in the policy . When a term life insurance contract expires , the coverage ceases . It 's important to match your financial liabilities and future obligations to the appropriate coverage period and have an understanding on the conversion provisions of the policy .


Input: Do I Need Insurance In Addition To Medicare?

Output: I would definitely recommend it . Medicare has no out of pocket limit . If you come down with a serious illness this can be devastating , leaving you tens of thousands in debt in some cases . If there is a good Medicare Advantage plan in your area then you may want to consider that . Especially if a Medicare Supplement is unaffordable . The advantage would be : Medicare Advantage has out of pocket maximums , usually between $ 3500 and $ 6000 . Many Medicare Advantage Plans have no additional premium other than the Medicare Part B premium you already pay . Many also include Prescription Drugs at no additional premium . Yo have networks but if your area has a strong network then that is generally not going to be an issue . You would also have copay 's , usually between $ 10 and $ 20 for a primary care doctor . This makes your health care much easier to predict since under original Medicare you pay 20 % of whatever Medicare approves but you have no idea what that will be until you get your bill . There are also many affordable Medicare Supplements . I usually recommend the supplements if you can afford the premium . Find a good local agent who specializes in Medicare plans , both supplements and Advantage plans . A good agent will help you decide which will be in your best interests with no pressure


Input: Do I Need Insurance In Addition To Medicare?

Output: That is a question only you can answer . Consider this . Medicare has two parts . Part A -LRB- hospital -RRB- and Part B -LRB- outpatient -RRB- . Medicare only pays about 80 % of the cost of your care , you pay the other 20 % . Your financial responsibility is unlimited . If you are comfortable with paying large deductibles for hospital admission and 20 % of outpatient charges you may not need a Medigap plan . The per admission Medicare Part A deductible is $ 1184 . The Part B annual deductible is $ 147 followed by 80 % coinsurance . -LRB- Medicare pays 80 % , you pay the balance -RRB- .


Input: Do I Need Insurance In Addition To Medicare?

Output: No you do not need a medicare supplement or medicare advantage plan . That said , your life will be much easier to deal with medically if you do have the above mentioned plans . As Bob mentioned an unlimited 20 % hole in your coverage has the potential to put you on the street . Also , many medical offices are not accepting patients with just medicare anymore as they are being asked to take a financial hit with each medicare patient as medicare does not pay full cost of care for services received . Medicare is a deep discounted program and for many practices the idea of not getting some relief from payments from the other insurance plans just does n't work for them .


Input: Is Primerica A Good Life Insurance?

Output: Primerica offers term insurance and operates in all 50 states of the United States . Their term insurance is generally neither the cheapest around nor the most expensive . If you have an older policy and the length of the term of the policy is adequate for you , you should probably keep the policy . If you are shopping for insurance , you may be able to do better price wise .


Input: Is Renters Insurance Worth The Cost?

Output: I believe that it is . The people that believe that insurance is not worth it 's cost have never experienced a major loss those that have experienced a major loss will more than likely tell you that insurance coverage is worth every penny . The question to ask yourself is `` Are you financial secure enough to handle any and all losses or liability claims presented to you or your family ? '' . If the answer is no then you should have insurance .


Input: Is Renters Insurance Worth The Cost?

Output: That is a great question , and one I get asked a lot . This is always my answer : Unless you have a great big pile of money hidden somewhere , and can afford to replace all of your things , should they be destroyed or stolen , and cover any potential lawsuits , yes , it is worth the cost . Your landlords insurance wo n't cover your things , and if you ever have to use it , your policy will pay for itself quick . Contact me , and I 'll tell you why you want to ask for replacement value when you do . Thanks for asking !


Input: What Happens If Your Homeowners Insurance Is Cancelled?

Output: From time to time insurance companies may choose to withdraw from a certain market . If the company has cancelled your homeowners insurance policy , your coverage will cease . Normally they give you adequate notice so you can secure coverage elsewhere . If you have a mortgage , the mortgage company will likely exercise their right to secure coverage with a policy that will protect their interests and at a price that might not please you . If you dont have a mortgage you can elect to go without . The risk of not insuring the home is great .


Input: What Is A Private Health Insurance Exchange?

Output: A private health insurance exchange is a private sector counterpart to the Federal Government run or state run health insurance exchanges created as a centerpiece of ObamaCare . A private health insurance exchange or marketplace as is now the preferred term , is generally going to be an employer based program that offers multiple health insurance plan options to its employees . There are variations on the private health insurance marketplace theme . Some are built around the offering of individual health insurance plans from one or a number of different health insurance carriers . Others are built around one group insurance carrier that offers a variety of different plan designs at varying price points for employees to choose from . Still some others are large enough that more than one group health insurance carrier is electing to participate and offer a selection of health insurance plans , so in this last example you could have plans from Humana , United Healthcare and CIGNA all being offered alongside each other thus giving employees an even broader selection of plan designs and perhaps provider networks to choose from . In some cases there can be integration between a private exchanges and the government based exchanges . This is most commonly found in private exchanges built around offering individual health insurance plans . This can then allow for employees who would qualify for subsidies through the government health insurance exchanges to enroll in those plans while employees who do not qualify for subsidies can enroll in health insurance plans offered outside of the government exchanges . Another advantage that private exchanges can have over their government based counterparts is that they can offer a wide array of other employee or individual insurance options such as dental , vision , life , disability , critical illness , cancer and accident insurance . Some private exchanges can even extend the one stop shopping concept to auto , homeowners and other property & casualty based insurance products.The government health marketplaces are currently limited to health insurance and some dental insurance options . If you are interested in learning about whether a private health insurance exchange might be the right solution for your employee benefit needs please feel free to contact me .


Input: Does Home Insurance Increase With A Pool?

Output: Yes it does . There is the added exposure of someone falling into your pool and drowning or being injured , which could reult in a lawsuit against you . The liability coverages in your homeowners policy would provide you with coverage for attorneys expenses to defend you and a possible payout , up to the liability limit in your homeowners policy .


Input: At What Age Can You Start Getting Medicare?

Output: For most people you obtain Medicare at age 65 . If you are on Social Security disability you can qualify for Medicare earlier , after you have been on SSDI for two years . If you are 65 or older and covered under an employer group plan you will will accept Part A but you might consider delaying Part B .


Input: What Is The Difference Between Life Insurance And Term Life Insurance?

Output: Life insurance is an umbrella term that encompasses the two main types of life insurance : Term Life Insurance and Permanent Life Insurance . Both pay out a death benefit to a beneficiary if the insured person dies . Term Life is limited to that function , and is only in force for a set period , or `` term '' of time . Permanent life insurance has more bells and whistles , and is in for for a lifetime , or `` permanently '' .


Input: What Is The Difference Between Life Insurance And Term Life Insurance?

Output: Term life insurance has a definitive ending . If you purchase 20 year term insurance it will end in 20 years . Other types of life insurance include Universal Life , Indexed Universal Life and Whole Life and each of these would be considered a type of permanent life insurance . Universal Life insurance can last your entire life if structured correctly . Universal Life can have a flexible premium which will allow the excess of premium above the actual cost of insurance to be credited to the cash value of the policy . Interest is credited to the cash value each month , adding to the cash value , once policy expenses are taken out . The interest percentage is set by the insurance company . Using the same flexible premium concept , when you determine the amount of interest to be credited to the policy by referencing a financial index such as the S&P 500 , it is an Indexed Universal Life -LRB- IUL -RRB- policy . No money is actually invested in the referenced stock market . The IUL can be designed to build up a large cash value over the years and that cash value grows tax deferred . If you need cash along the way , you can get a loan against your policy and use it for your own needs . Many people use an IUL to build cash value for college expenses or to supplement their retirement income . Whole Life insurance policies generally offer fixed premiums . In a participating whole life policy , the cash value inside the policy increases as the insurance company provides dividends based on the overall return on its investments . Earnings beyond those required to cover policy expenses go to the policy 's cash reserve from which you can borrow against during life 's journey or to supplement retirement income .


Input: Can Annuities Be Used As Collateral?

Output: Non-qualified tax deferred annuities are personal property , i.e. assets with economic value and some liquidity . Many banking institutions permit tax deferred annuities as collateral for loans to their customers . But keep in mind , if the collateralized annuity is liquidated by the bank to satisfy the loan , the event may trigger ordinary income taxes on the policy gain and may incur surrender charges .


Input: What Is The Average Premium For Universal Life Insurance?

Output: Universal Life Insurance that is guaranteed not to lapse at a level premium to age 100 + is one of the least expensive ways to get permanent life insurance coverage . That being said , the premiums for any type of life insurance vary greatly depending on the age and health of the applicant , and the same is true for Universal Life Insurance . With UL , you also have the option to purchase coverage that does not have a lifetime guarantee , which can reduce the premium substantially . Or you can get Indexed Universal Life or Variable Universal Life , which can increase the premium but offer the chance of a return on your money . The best way to determine the average for someone your age and with your health and tobacco details , is to contact an agency that can shop many different life insurance companies that carry Universal Life . They can help you find the type of policy that suits your needs , while getting you the best premium for your particular risk profile .


Input: What Is The Average Premium For Universal Life Insurance?

Output: The average premium for universal life insurance ranges from 120 - 300 a month in most cases but that will depend on your health and age . Just keep in mind this product can perform really good for you over a period of 10,15,20 years because of the savings side of the policy which you and your agent will be able to determine with a needs analysis . One part of the premium will be the cost for say 200k in face value in case of death and the other part will be for retirement or whatever your goals are . Life insurance has changed since our parents purchased theirs and these policies are indexed to the s & p 500 at no risk of losing your principle and interest rates as high as 6 - 12 % . The mind blower to this one is tax free when you take yearly contributions.So I have a policy and my spouse has a policy also my three grandchildren will have a policy also this will help with their college I am the owner this puts them in a class to also get state and federal help also do n't put the accounts in their name they will not qualify for assistants if so .


Input: Does Primerica Life Insurance Payout?

Output: Yes Primerica pays claims . Just like any other life insurer , Primerica will pay claims if ample evidence is provided to their claims processing center . Required evidence would be that the insured died while the policy was in force .


Input: What Is Auto Lease Gap Insurance?

Output: Auto lease gap insurance provides you with coverage in the event your car is totaled and the amount owed on your lease -LRB- the payout -RRB- is more than you receive in the insurance settlement . The cost varies , depending which company you are insurer with . But it 's popular and should always be considered . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several of the nation 's best free-quote auto insurance websites .


Input: How Much Is Auto Insurance For An 18 Year Old?

Output: Auto insurance for an 18-year old can be fairly affordable or quite expensive . The rate depends on the type of vehicle that is being insured , the driving record of the person applying for coverage and where they live . And yes , males are more expensive to drive , which I always found to be quite ironic considering my sisters were the persons in an accident , not me ! Of course , that was 40 years ago . Re the rates of the 18-year old , perhaps as low as $ 50 per month or much much higher . Shopping the top-rated companies will help and that 's what experienced brokers like us will do .


Input: Who Is The Subscriber On Health Insurance?

Output: Subscriber is normally used to describe someone covered under an HMO plan although the term has broad use and application . In a generic sense , a health insurance subscriber may also be called a policyholder , certificate holder , insured or covered participant . Terms can be confusing but the use of subscriber is often a legal definition used when a policy is not issued to the individual .


Input: When Does Life Insurance Run Out?

Output: Life Insurance can run out when the guaranteed period of the term life insurance contract is completed . The policy can also lapse because of poor performance , increase policy expenses and nonpayment of premium . Life insurance can run out if current company practice items like the cost of insurance rates are raised to maximum contractual rates .


Input: Can Credit Score Affect Auto Insurance Rates?

Output: For many companies , credit score is now a driving forcewhen determiningauto insurance rates . Insurance carriers are seeing more and more of a direct correlation between credit score and claim frequency . Individuals with higher credit scores are also perceived to have better retention due and fewer instances of non-payment . There are still a few companies that do not credit score , but they are becoming fewer . This is just another factor that a qualified broker will keep in mind while trying to determine which insurance carrier is the best fit for you and your family .


Input: Can Credit Score Affect Auto Insurance Rates?

Output: Yes , I believe that almost all carriers use credit score as a part of the rating process for auto and homeowners insurance coverage . Please remember credit score is only a portion of the factors that used in determining your rates . Other factors are geographic area , marital status , driving record , age of drivers , and many other factors .


Input: How To Explain Variable Annuities?

Output: A tax deferred variable annuity is a security and an insurance product . Because a variable annuity is a security , potential product purchasers need to determine their risk tolerance for market losses . High tax bracket , long term investors may also benefit from the tax deferral of variable annuities . A variable annuity has a general interest rate earning account and separate sub accounts using equity and bond investments . Policy expenses are deducted from premiums , i.e. net premiums . Net premiums are then invested in the either the general account or separate sub accounts or both . Net premiums invested in the allocations in the separate sub accounts that are either credited with gains or debited with losses depending on performance . Most variable annuities are purchased in a qualified or non-qualified plan for future income .


Input: Is Health Insurance Part Of Child Support?

Output: That depends entirely upon how the child support agreement was constructed . If there is not a specific requirement in the child support agreement that the person required to provide child support is required to provide health insurance for the child -LRB- ren -RRB- then there is a very high probability that they would not be required to provide health insurance . So , if the child support judgment requires one partner to just pay `` X '' amount of dollars every month for child support and makes no mention of a requirement to provide health insurance either out of that amount or in addition to it is unlikely that without a new judgment the ex-partner would have to provide health insurance . In my experience , a good divorce attorney specifically addresses this issue in writing in the order of child support as to which parent has the responsibility for providing health insurance for dependent children and even the potential duration of this requirement and the circumstances where it might be voided -LRB- re-marriage for example -RRB- . I am sure the rules on this crucial issue vary from state to state . Any couple with children who are divorcing should have this issue of responsibility for health insurance coverage clearly spelled out in their divorce and child support agreement .


Input: Is Health Insurance Part Of Child Support?

Output: The answer is in your court documents . For me , my son lived with his mother about 65 % of the time , we had joint custody and since she was primary , she was responsible for providing the health insurance . Any out of pocket costs we split 50/50 . I did not have to pay extra support for health insurance . That said , I know of others who had to split the cost of health insurance and out of pocket expenses . Talk to your attorney or see your court papers .


Input: Is Health Insurance Part Of Child Support?

Output: Great question ! The answer will depend upon your lawyers and your divorce agreement . Typically , the parent with the primary custody takes responsibility , but I have seen where one parent has access to a better policy , and so the kids were listed under that policy . Others split the costs . Hopefully you can work it out to where the kids are taken care of in the best way possible from both of your opportunities . Thanks for asking !


Input: How Do You Calculate Life Insurance Cost?

Output: The fine art of calculating cost of life insurance is best done by the insurance company actuaries . My personal opinion is to purchase the needed face amount and specific time period desired and adjust the premiums based on your budget . Your loved ones wo n't care if you save $ 10 per week when you die if your face amount was cut by $ 200,000 in order to save that $ 10 . Work with an experienced independent broker and let them shop the market professionally to avoid costly mistakes .


Input: How Do You Calculate Life Insurance Cost?

Output: To calculate life insurance cost , you must have a chart showing the cost per thousand dollars of coverage . You multiply that by the number of thousands of dollars of coverage you desire , then add the policy fee shown on the chart , to get your annual rate . If you want to pay monthly , quarterly , or semi-annually , you take the annual rate times a factor that should be shown on the chart . Or you can go to a quote engine and input your face amount , health rating , and term length to see your life insurance cost . This should include the appropriate fees and factors .