Input: Can I Enroll In Medicare Part B Only?

Output: Yes , it 's possible to enroll in Medicare Part B without also enrolling in Medicare Part A . You can do this if you 're 65 or older , a U.S. resident -LRB- additional rules apply for non-U.S. citizens -RRB- , and do not yet qualify for premium-free Part A -LRB- having met the requirement of 40 quarters -LRB- 10 years -RRB- of working life and paying FICA taxes -RRB- . If you qualify for premium-free Part A , you 'll apply for both Part A & B together or apply for Part A first and Part B down the line .


Input: What Is The Purpose Of Disability Insurance?

Output: The purpose of disability insurance is to replace part of the insured person 's income if the insured person becomes unable to work at his/her job , due to injury or illness . The benefit is paid to the insured person in cash so that he/she can use it as he/she sees fit .


Input: What Is The Purpose Of Disability Insurance?

Output: Disability insurance protects you during sickness and injury by paying you income after the elimination period , generally 90 days . That 's a good number because most workers have 90 days in cash reserves for emergencies . Disability insurance is really paycheck protection . It 's one of the most important insurance products you can buy .


Input: Can HSA Be Used For Long Term Care Insurance?

Output: An HSA account can be used to pay long term care insurance premiums . A retirement health savings account -LRB- HSA -RRB- plan is an account developed for pre tax or tax deductible contributions for medical expenses . It generally is attached to a high deductible medical plan . Some employer sponsored medical plans that include an HSA account also make contribution to their employee 's HSA account as an additional benefit .


Input: How To Estimate Life Insurance?

Output: If you are seeking to estimate how much life insurance you need , many people purchase 10 times their annual salary as a life insurance face amount . Others use life insurance calculators to more accurately determine that amount . If you are trying to estimate how much your life insurance would cost , you can do that by going to a website that offers instant life insurance quotes . There you can put in different face amounts and term lengths to at least estimate the cost of term coverage , although most quote engines do now show permanent options , and the rates will depend on your health .


Input: What Is Life Insurance Guaranteed Issue?

Output: Life insurance that is guaranteed issue means that the person applying for it can not be declined due to life insurance or other risk . However , there are usually strict age guidelines for guaranteed issue life insurance , with the minimum age usually age 40-50 and the maximum age usually under age 80 . Also , the policy is graded during the first one to three years , meaning that it will pay a portion of the death benefit -LRB- or pay back what was paid in plus a little extra -RRB- during those years for death due to natural causes . After the graded period is over , it generally pays 100 % for death by any reason .


Input: Which Life Insurance Companies Deny The Most Claims?

Output: This is a really odd question . I am not sure anyone third party tracks these statistics that I have ever found . Life insurance companies are not in the business of denying legitimate claims per se . All life insurance policies have a contestability clause which is usually two years to protect themselves from fraud or suicide . After the contestability phase , it would be hard pressed to deny a life claim . The only scenario that comes to mind is a beneficiary murdering an insured . For an example , a husband killing his wife for the life insurance money . You would be hard pressed to receive benefits , but if the children were contingent beneficiaries , in most cases , they would receive the death proceeds .


Input: Which Life Insurance Companies Deny The Most Claims?

Output: This really is a critical question . But let 's ask it in reverse to cut to the chase . Which life insurance company denies the fewest claims ? That 's what you really want to know , right ? The Life Insurance Company that denies the fewest claims , and always resolves gray areas in favor of the insured and their claim , is New York Life . They also are the Life Insurance Company that pays claims the very fastest , usually within one week . I check the daily reports and see just how much is paid out every single day by New York Life . They brag about their quick payment on claims and about not fighting on claims when there is a possible basis to pay . They is one reason New York Life has the very highest ratings , along with its highest financial ratings . You should talk with an experienced agent to make a decision . Remember though that New York Life policies are ONLY sold by New York Life Agents , so do not expect anyone else to recommend them . They simply can not sell them . Love to hear fromyou.Gary Lane , Registered Representative and Agent , New York Life , 949 797 2424 . Thank you .


Input: Which Life Insurance Companies Deny The Most Claims?

Output: Life insurance companies do not deny valid claims . Therefore , the life insurance companies that deny the most claims are the ones that offer policies for which people most often lie or omit required information on their applications . This type of misrepresentation happens more often when no agent is involved to explain the policy , fill out the application with the client , or proofread it to be sure nothing was left out .


Input: Does Renters Insurance Cover Vehicles?

Output: Renters insurance covers the theft of things inside your vehicle , as that is personal property not car insurance . Renters insurance would not cover the car itself , that is car insurance . Also , renters insurance travels with you , so like on vacation or a cruise and some of your personal items are stolen .


Input: Does Renters Insurance Cover Vehicles?

Output: Renters insurance WILL cover theft -LRB- and possibly damage -RRB- of items from your vehicle , but it will not cover damage tothe actualvehicle , or theft of your vehicle . Damage , theft , and other losses associated with your vehicle would be covered by your auto insurance . Renters insurance only covers the loss of your property , not your vehicle .


Input: What Is A Index Universal Life Insurance Policy?

Output: A universal life policy is a form of permanent life insurance . That means that properly funded it will not expire before the insured dies . It is also a flexible payment plan , which means that the owner can determine the amount and frequency of deposits into the contract . The funding for an index universal life is unique . The interest credited to the cash value of the policy -LRB- the thing that makes it last -RRB- is set each year by the company based upon one of the leading stock market indexes . The companies often guarantee that the rate of interest will not go below zero , and may realize a general rise in interest based upon the associated index .


Input: What Is A Index Universal Life Insurance Policy?

Output: Indexed Universal Life is a policy that is tied to a specific stock index such as the S&P 500 or the NASDAC or some other stock index . They have a minimum guaranteed interest that is paid into the cash value once the initial fees and cost of insurance has been covered , which typically takes several years . Then it is possible that the interest gained will be more than than the guaranteed minimum depending on the performance of the Index . As the low end is capped and will never be less than the guarantee , the top end is also capped and will never exceed that amount - typically 11 or 12 % . Sounds pretty attractive , but remember the cost of insurance continues to rise and will be taken from the gains .


Input: What Is A Index Universal Life Insurance Policy?

Output: This is my specialty and my prized product ! With Indexed Universal Life you can be part of the growth of the stock market but not part of the numerous and regular downswings . The increases may be capped but the drops do not occur since you lock in the growth from the previous year with our product ! We provide a product with LIVING BENEFITS that can cover your life/death/retirement / medical problems/other conditions . Our National Life Group exclusive product through the Premier Financial Alliance Agency , pays while you are alive , and also at your death , so you save money by combining your coverages into this great product ! The stock market will go up and down , but your growth will outperform it over time , and with none of the downward swings ! Talk with a live agent . GARY LANE . Thank you .


Input: What Is Disability Coverage?

Output: Disability coverage refers to the amount of cash your disability insurance policy would pay to you if you were unable to work for an extended period of time . Your coverage is based on your salary , and is a percentage of what you made while working at your place of employment .


Input: What Is Disability Coverage?

Output: Disability is insurance protection to keep cash flowing coming in while being injured and/or sick . There is short term disability & also long term disability . Disability is sometimes on of the most overlooked tools for protection planning because a majority of people have the mentality `` it will never happen to me '' until it happens .


Input: What Is Disability Coverage?

Output: Disability insurance provides you with income if you are too sick or injured to work . The best policies ca n't be canceled , have rates that are guaranteed , and will provide benefits if you ca n't do you regular occupation . Do n't let the premium for a good policy send you in the direction of a poorer one . One in four 25 year olds will be disabled longer than 90 days , and 50 % of them will be disabled longer than 5 years . Buying a policy with a two year benefit period wo n't help if you are disabled for a long time . It is easy to think of being in an accident , but more than 90 % of disabilities are caused by sickness !


Input: What Is Disability Coverage?

Output: Disability insurance is an insurance plan that is designed to replace your income up to 70 % in case of an injury or illness so severe that you are no longer able to perform the duties of your occupation . There are two basic types of plans . The short term disability is designed to commence paying benefits within days or weeks of a disability . Long term plans have longer elimination periods but pay benefits for years and can pay out to age 67 years old . You may need both plan types .


Input: How Much Will I Pay For Medicare Part A?

Output: Most people dont pay a Part A premium because they paid Medicare taxes while working . If you dont get premium-free Part A , you pay up to $ 441 each month . Here the 2013 costs you incur if you use the health benefits of Medicare Part A : $ 1,184 deductible per benefit period for Hospital Stays $ 296 per day for days 6190 of each benefit period for Hospital Stays $ 592 per lifetime reserve day after day 90 of each benefit period -LRB- up to a maximum of 60 days over your lifetime -RRB- for Hospital Stays $ 148 per day for days 21100 of each benefit period for Skilled Nursing Stays All costs for each day after day 100 of the benefit period for Skilled Nursing Stays


Input: What Are Current Rates On Fixed Annuities?

Output: Keep in mind that rates can change quickly . Always confirm the rate before moving forward with any decision to purchase fixed interest rate annuities . Presently , the guaranteed fixed interest rate for a five year period is around 2.95 % . The guaranteed fixed interest rate for a ten year period is around 3.25 % . The 35 basis point spread for twice the holding period may not be in the interest of the proposed annuity owner if interest rates rise over the next decade because long term guaranteed periods are generally protected by punitive surrender charges .


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

Output: It depends upon the age of onset , whether its type 1 or 2 , whether its managed with insulin , diet and exercise . But generally yes , you should be able to secure coverage , unless you also have additional complications like obesity and high blood , which can rate your condition or a declination . The key is to diabetic underwriting is management , taking care of yourself and receiving regular checkups to track your stability .


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

Output: Can you get life insurance if you are diabetic ? Yes , you can , but a diabetic with excellent control at best could expect to pay a standard premium . While that sounds bad or not fair , when I began my insurance career 25 years ago the answer to this question was simply `` no '' . It has only been recent that insurance carriers began to offer policies to diabetics as diabetes is so unpredictable risk wise .


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

Output: Most people who are diabetic can get some type of life insurance . If your A1C runs over 9.0 , if you have neuropathy or proteinuria , or if you have heart disease in addition to diabetes , you may need to purchase a No Exam policy . Persons with wellcontrolled diabetes without complications are usually insurable for a medically underwritten policy of any amount and type of life insurance coverage they desire .


Input: What Is The Most Affordable Family Health Insurance?

Output: The answer to your question will vary depending upon your state of residence and what area of your state you live in as health insurance costs vary significantly from state to state and within various regions of a state . Also , how do you personally define affordable ? The plan with the lowest monthly premium will probably not cover anything except preventive care until you have met a deductible that may be in excess of $ 6000 . Is that affordable for your personal situation ? Or , would a plan with a higher monthly premium but that covers office visits and prescription drugs with a copayment and has less out-of-pocket financial exposure better suit your needs ? These are the kinds of questions you will need to be answering for yourself as you consider what health insurance coverage offers you the best value proposition . As you may have gathered , making an informed decision about what health insurance to buy is no simple matter . You would be best served to seek out the services of an experienced health insurance agent who is certified to sell health insurance both on and off of the government health insurance marketplace in your state to advise and guide you in this important purchase .


Input: How Much Whole Life Insurance Should I Have?

Output: My advise is to buy as much whole life insurance as you can afford ! But first be sure to buy it from a Mutual company that pays dividends and has a `` non-direct recognition '' for policy loans . For more on this read the short article at WEBSITELINK As Peggy said above here , depending on what your main purpose and goals are for the policy - that will play into how fast or slowly you 'll want to fund it . But for the greatest availability of the benefits inherent with a good whole life policy , and the fasted wealth growth you 'll want to fund it as fast as you can without causing it to become a modified endowment contract and thereby loosing much of the tax benefits .


Input: How Much Whole Life Insurance Should I Have?

Output: You should consider whole life insurance designed for cash accumulation if you are a conservative long term saver who desires the tax advantages of tax deferral and potentially tax free income .


Input: How Much Whole Life Insurance Should I Have?

Output: If you are purchasing Whole Life insurance for final expense needs , you should have at least $ 10,000 of coverage . If you are buying Whole Life insurance to borrow from to pay your child 's college , you will probably need at least $ 250,000 of coverage . The amount of Whole Life you should have depends on the purpose for which you are purchasing it .


Input: Does Health Insurance Cover Otoplasty?

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


Input: Does Health Insurance Cover Otoplasty?

Output: Otoplasty is a surgical cosmetic procedure . Health insurance covers treatment that is considered medically necessary . Otoplasty is a procedure designed to alter the shape and appearance of your ears . Some people think their ears are too big and will attempt to hide their ears by growing their hair longer or wearing head gear . Otoplasty would not be covered by health insurance .


Input: Why Would A Person Need Life Insurance?

Output: The reasons and needs for a person to buy life insurance are as varied as there are people ! If you need a secure investment that returns a guaranteed minimum interest rate that is n't taxed ; if you need to provide a financial legacy that wo n't be taxed ; if you need a fund that you can tap into at will without being taxed on it and that will continue to grow even as you use the money ... These are just a few reasons you might need life insurance . But i each of the cases cited here the type of insurance you need is Whole Life - not Term , not Universal .


Input: Why Would A Person Need Life Insurance?

Output: Why would a person need life insurance ? Well I guess it depends on the person and what their needs and wants are . For most everyone when they pass , someone has to take the time and expense to handle their service , take care of their debts and maybe continue what they planned for family . The basic need for life insurance is to help those you leave behind deal with what you 've left behind .


Input: Why Would A Person Need Life Insurance?

Output: Why would you need life insurance ? The best person to ask that question to is your spouse . Your children . Your church . Your business partner . Your employer or employees . Your lender . Life insurance is for those who are left behind . If a person 's passing would not cause a financial hardship for anyone , if all their debts were paid and they had left all to charity that they desired , they would not need life insurance . What I have found is , it is often a matter of perspective . Ask those who matter to you , and you will get your best answer .


Input: Why Would A Person Need Life Insurance?

Output: Life insurance is a mortality product used in three financial planning scenarios : indemnification , income and inheritance . If you have financial liabilities , future obligations or you have charitable or legacy intent for your family members or business partners you need life insurance . If you have a need for tax advantaged retirement income , then you should consider life insurance .


Input: Why Would A Person Need Life Insurance?

Output: Why would a person need life insurance ? Well just imagine you had an ATM in your house or business . No fees to withdraw money as long as the ATM was present . Once the ATM is removed the money stops . Now your source of money comes from an outside sources that causes fees , stress or headaches . Your cash flow slow downs drastically due to the difficult nature to find another ATM . With many other people already using their own ATM 's its even more difficult to borrow from them as well . In essence , this ATM represents your spouse , business partner or church . Nonetheless , these people relied on your income to keep them afloat . Its important when you are no longer their `` ATM '' that you keep your family or business protected . Life insurance becomes a virtual ATM and life can still move forward financially even in one 's absent .


Input: Why Would A Person Need Life Insurance?

Output: I must echo the words of Peggy ! One would need life insurance to insure the financial survival of those they leave behind . There are various different types of life insurance and I recommend finding an agent that you trust and can communicate well with to personally review your situation , often people will search the internet and either buy to much or not enough coverage . Just make sure you can trust your agent to have your best interest in mind !


Input: Why Would A Person Need Life Insurance?

Output: The only reason to have a life insurance policy is because you owe money or you love someone . The debt part is easy as many creditors require that you carry life insurance to repay the loan should you die prematurely . The love part is really basic . If you dont care , then dont buy life insurance . It might have some investment benefits but ultimately it is designed to ease the lives of those who will suffer when you pass away .


Input: Does Health Insurance Cover Dermatology?

Output: Most insurance policies will coverage dermatology , as long as the treatments can be considered medically necessary and not cosmetic . If you have an HMO , such as Kaiser , you will need a referral from your primary care doctor -LRB- PCP -RRB- before seeing a dermatologist , which is considered to be a specialist . If a referral from your PCP is required and you do n't obtain one before seeing a specialist , then your HMO insurance will not offer any coverage . That is not the case if your coverage is a PPO , which does not require a referral in oder to have coverage for seeing a specialist .


Input: When Are Annuities Taxable?

Output: When are annuities taxable ? Annuities are taxable during the distribution phase of ownership . While in the accumulation phase an annuity does offer protection from current tax liabilities . Taxes are deferred to the distribution phase at the normal income tax rate bracket you retirement income may fall into . Depending on how you funded your annuity , a portion or all of the distribution could be taxable income . Please note : you only pay taxes on the amounts withdrawn from an annuity during distribution phase . So taxes are due over the years rather than at one time .


Input: When Are Annuities Taxable?

Output: Annuities are always taxable when gain is withdrawn from the annuity unless the annuity is placed inside a Roth account . Annuities do defer taxes when no money is removed from the annuity , so if no withdrawal , the gain is not realized until it is withdrawn from the annuity . Annuities use the Last in Last out -LRB- LIFO -RRB- accounting rule , which means gain in the annuity must be withdrawn before basis is removed , unless the annuity is annuitized . For annuities with a cost basis -LRB- i.e. non tax deducted/qualified -RRB- annuitization uses a tax rule known as the exclusion ratio to make part of the income stream gain and part non-taxable basis .


Input: How Long Can My Son Be On My Health Insurance?

Output: With the implementation of the PPACA or better known as Obamacare in 2014 children can remain on their parents medical health insurance policy unit age 26 . After age 26 , children must secure their own medical coverage under the Obamacare mandate or pay a penalty for noncompliance . Premiums for people under age 40 are expected to be higher than current premiums in 2014 .


Input: Does Long Term Care Insurance Pay For Assisted Living?

Output: It depends on the policy . Many will pay for assisted living depending . Most long term care policies are activated by what they call `` triggers '' . You must be , in most cases , unable to preform at least two activities of daily living or be cognitively impaired . An activity of daily living may be dressing , toileting , bathing , eating , mobility that type of things . Cognitively impaired would be things like alzheimer 's or diagnosed dementia .


Input: Does Long Term Care Insurance Pay For Assisted Living?

Output: Every long term care insurance -LRB- LTCi -RRB- addresses assisted living benefits . And since assisted living benefits at home is the preferred extended care option , its really important to compare the language of each policy before you purchase LTCi . The good news is the the LTCi market is comprised of six insurance companies whose market share represents almost the entire LTCi inventory of carriers . So its fairly simple to secure spreadsheets comparing the policy provisions of each company .


Input: Does Long Term Care Insurance Pay For Assisted Living?

Output: Does long term care pay for assisted living ? It can , if you choose it as part of your policy make up . Long term care really is a plan the insured puts together for the coverage they want for themselves . You can add or subtract services that will change the premium .


Input: How Can I Get Renters Insurance Online In Wisconsin?

Output: I personlly would not recommend purchasing coverage online . To be properly covered you should know your agent and your agent should know you . There are many things that are taken into consideration when providing coverage recommendations to prospective clients . A computer will only ask the questions that are already input into it not necessarilly all or in some cases the right ones to ensure that you are getting the coverage that you need or want . Contact a local agent today .


Input: Can You Drive A Van With Car Insurance?

Output: A van is considered a private passenger vehicle just like any auto so you can drive a van with a gross vehicle weight of under 10,000 with your auto insurance . This would include up to a 15 passenger van such as a Ford E350 . Anything larger then that would be a commercial vehicle and would most likely not be covered by your personal auto insurance .


Input: Is Life Insurance Considered Community Property In Rhode Island?

Output: Rhode Island is not a community property state , so no life insurance would not be considered community property in the state of Rhode Island .


Input: Which Renters Insurance Should I Get?

Output: All carriers renters policies are about the same and nearly the same rate . The policy on average is around $ 100 a years or $ 10 to $ 15 a month . They key is to make sure that you have your contents valued correctly and your Liability limits at a minimum of $ 100,000 and Medical pay at a minimum of 5,000 The best option would be to see if the carrier that you insure your auto with offers the coverage as many times it will lower your auto insurance with two policies with the same carrier many times it lowers your auto insurance just as much as the renters insurance cost so it is almost like getting the renters policy free .


Input: How Much Is Life Insurance In Kansas?

Output: Life insurance for residents of Kansas can run from about $ 10/month to thousands of dollars per month , depending on the health and age of the applicant , and depending on the type and amount of coverage purchased . To find what your rate would be for specific policies , go to a website that offers instant life insurance quotes for Kansas residents . You can change the face amount and term until you find one that you like , then call the agency to verify that you qualify for it .


Input: How Much Is Life Insurance In Kansas?

Output: Life insurance is priced based on your age and health status . The state in which you live does not typically influence the price that you pay . Life insurance can be designed based on your budget , so you can either look at insurance quotes by the death benefit , or by looking at how much death benefit your budget will buy .


Input: Is there aid in paying for Xeralto?

Output: That is a great question ! Have you checked with your doctor or pharmacist to see if there are samples -LRB- I 've had several through the years who would give sample packs when we reached the maximum amount that insurance would pay -RRB- or a similar product or medication that they can put you on to help keep your cost down ? If they ca n't , maybe the manufacturer offers help with the prescription costs . You can try and contact them to see . Many of them will , because they know you 'll be using their medicine , and not someone else 's . You might also ask your Doctor if there is a generic version that you can take that would be cheaper for you . Give those things a shot , it 's definitely worth a try . Good luck , and thanks for asking !


Input: Is Life Insurance Part Of My Net Worth?

Output: Only the cash value of your life insurance is part of your net worth . The face amount of Term insurance is not part of your net worth . The face amount of your Whole or Universal life insurance is not part of your net worth . Just the cash value that has been built up in your policy .


Input: What Health Care Insurance Is Available For Students From Overseas?

Output: We offer a policy through International Medical Group that works for many of these situations . Most health insurance companies do n't want to provide a policy for non-citizens , but IMG has created niche products to address this specific situation . You can shoot me a message and I can either help you or find someone who can .


Input: Does Long Term Care Insurance Cover Home Care?

Output: Most long term care plans sold now do cover home care , but you need to review the features of your policy carefully to make sure . You may have the option to have home care covered from day one , as opposed to having to wait out the days of the elimination period that are required to receive care at a nursing home .


Input: Is USAA A Good Homeowners Insurance?

Output: USAA is a great carrier but I have seen with many of my clients the rates are very high for home insurance they are fantastic for autos but I also have recently been able to compete with them also . To give you and example I had an insurance that had a home insured for 150K with 1000 deductible with USAA I was able to write the policy with another carrier and insured the home for 175K with 500 deductible and the house was a full replacement cost policy and the rate was only 600 a year and USAA was 1200 a year with less coverage and higher deductible . I would call around to a local agent . It never hurts to compare just make sure that you are getting the proper coverage and if it is a replacement cost policy or actual cash policy


Input: Is USAA A Good Homeowners Insurance?

Output: USAA , like all insurance companies is regulated by your state and the state where they are domiciled . States are responsible to make sure that insurance companies in their jurisdiction have the necessary financial strength to issue insurance policies . They issue policies which are legal contracts . The contract will state specifically when the company promises to pay in exchange for the premium that they charge . The way a company adjusts claims also falls under the scrutiny of the state insurance commissioner . You can probably rely upon USAA homeowners insurance , and most other insurance companies .


Input: Can A Recovering Alcoholic Get Life Insurance?

Output: A recovering alcoholic may get life insurance . It depends on how long you have been in recovery . Each company has its own guidelines regarding this issue . For example one company may require no alcohol abuse in the past two years where another company may require five or more years . Another thing to consider is whether the alcohol abuse has caused any health issues like liver damage or kidney disease . All these factors will be considered by an insurance underwriter prior to approving an application for life insurance .


Input: Can A Recovering Alcoholic Get Life Insurance?

Output: A recovering alcoholic can usually get life insurance . The rates will depend a lot on how long they have been sober , the type of treatment they had , when the treatment was , whether there have been relapses , and whether there are any DUI 's or traffic accidents related to drinking in the past 10 years . If not enough time has passed to get a medically underwritten policy , those who meet the age guidelines can get a simplified issue or guaranteed issue policy , in most states .


Input: Does Home Insurance Cover Broken Water Pipes?

Output: Damages to your home that are caused by a covered peril listed in your policy document will be covered subject to your policy deductible . Now , if the pipe just bursts from wear and tear , then the repair or replacement of the pipe itself would not be covered , but the damage caused by the sudden discharge of water would be . If on the other hand , the pipe preaks due to freezing or sudden impact to use just two examples , then not only wou , d the water damage be covered , but so to would the cost to replace or repair that length of pipe .


Input: Does Home Insurance Cover Broken Water Pipes?

Output: Homeowners insurance does not cover broken water pipes if the breakage was just normal wear and tear and not caused by a covered peril like a car running into the house for example . Believe it or not this just happened to a client of mine last week . However if a pipe breaks and the water the pours out damages the dwelling then the dwelling damage would be covered .


Input: What Does It Mean To Borrow Against Your Life Insurance?

Output: The idea is that you are borrowing some of the cash value of a life insurance policy you own . If the cash value is large enough and the policy can be sustained after taking the planned policy loan , it may be a better alternative to taking conventional loans from a bank . Businesses and political campaigns have been launched with policy loans ! Today it is common to plan to use income tax-free policy loans in retirement to supplement one 's taxable retirement income from other sources . Some policies are better than others - check the cost of taking a policy loan . For example , some policies might charge you 5 % in loan interest but only credit the loaned portion of policy cash value with 3 % . The rate of loan interest may vary over time as well . Thus , the net cost of borrowing may be a few percentage points . Over time , this might add sufficient drag to your policy to make it difficult to sustain . You can pay loan interest as you go but most people choose to add the interest to the policy loan . You can repay the loan or have the loan deducted from the death benefit when you die . As long as the policy does not lapse , the policy loans are income tax free . If the policy lapses , the borrowed amounts taken in the past to the extent of gain in the contract will be subject to income tax in the year of lapse . Your life insurance professional can help you manage your policy to take advantage of the valuable policy feature without unintended consequences .


Input: What Does It Mean To Borrow Against Your Life Insurance?

Output: Life insurance policies that are designed for cash accumulation build up a reserve of cash that you can borrow from at any time for any purpose . You ca n't borrow 100 % of the cash in your policy , but usually up to 90 or 95 % depending on several variables . You can take a fixed loan from your policy which means the cash comes out of your account and you stop earning interest on this money . The charge for a fixed loan is usually very low -LRB- 0 -2 % , depending on policy -RRB- . The second type of loan is called a variable loan or participating loan . With this loan , the money comes out of the insurance company 's general account , so your money remains in your account earning compound interest . The interest rate for this type of loan is higher - usually 5 % or more or a variable rate . The amazing feature of this loan is that you can borrow money at 5 % -LRB- for example -RRB- , but your money may be in your account earning 7 % or more , creating a positive arbitrage . Borrowing against your life insurance policy can be an excellent option , but you should discuss the pros and cons of this strategy with a knowledgeable advisor .


Input: Who Has The Lowest Auto Insurance Rates?

Output: There is no such thing as who has the lowest auto insurance rates . Each person and/or family is unique . There are many factors that vary such as age , marital status , type of vehicles , driving history , in some states credit , occupation and so on . So the best option is to contact an independent agent who can look at your situation and shop for the best coverage 's and rates that meet your specific needs .


Input: How Much Does Your Weight Affect Life Insurance?

Output: Being overweight affects life insurance differently , depending on what type of policy you are getting . If you are getting a No Exam policy that gives you a set rate just for qualifying , then your weight will not make a difference , just as long as you do not weigh over the maximum amount . Some policies have no weight limit at all . If you are applying for a policy that does require medical underwriting , fluctuations of just a few pounds can cause your rate to go up . If you start out just slightly overweight , this increase may not make a lot of difference , or you may even find one company that will rate you much lower than the rest . But if you are quite overweight , the price increase can be large , or you can even be declined . Weight is one of those areas where it really helps to shop around . Not only do different companies have different weight charts , but sometimes going with a No Exam policy can beat the price of one requiring an exam , when the applicant is overweight or obese . Using an agency that specializes in overweight life insurance can certainly help save time , money and frustration .


Input: How Much Does Your Weight Affect Life Insurance?

Output: Weight can make a big difference on your rate . Insurance companies base preferred rating on a healthy person of normal weight . The further you deviate from that ideal , the higher your rate will be until you can be forced into a guaranteed issue plan . Statistics show that overweight people have a higher risk of mortality . Insurance companies adjust their rates accordingly .


Input: How Long Before You Can Borrow Against Life Insurance?

Output: As a practical matter , there has to be ample policy cash surrender value in the policy which takes a few years to develop . Check your annual statement for the value for loan purposes . Policies vary widely and there are many factors to consider . The best way to get a current value is to contact your agent or the insurance company directly .


Input: How Long Before You Can Borrow Against Life Insurance?

Output: Non modified endowment , permanent cash vale life insurance borrowing ability depends on the type of policy and design at the date of issue . Policies designed for cash accumulation using term riders and minimal death benefit can generate cash surrender values through policy loans fairly early on in the contract . There are polices that have little to no surrender charges that feature potential cash liquidity as high as 90 % .


Input: Can I Get Life Insurance If I Have Leukemia?

Output: Yes , there are several carriers that will cover you . Their plan benefits vary as far as interest rates and or percentages paid during the first two years . I would recomend shopping around and comparing rates vs benefits , company strength , AM Best rating and so on . I hope that this helps you .


Input: Can I Get Life Insurance If I Have Leukemia?

Output: There are a couple of Guaranteed Issue plans available with no health questions . Unfortunately , this is all that would be available to you at this time . With a guaranteed issue you can purchase up to $ 25000 . If you die within two or three years , depending on the plan , your beneficiary would get a reduced face amount or a return of premium plus interest again , depending on the plan .


Input: Can I Get Life Insurance If I Have Leukemia?

Output: The type of leukemia you have , when you were diagnosed , the type of treatment you had , and how long since you had your last treatment , will all enter into what type of life insurance policy you can get . Contact an agency that is specializes in impaired risk life insurance to have the most choices , and to work with someone who knows how to get your best possible rate .


Input: When Do Annuities Mature?

Output: Tax deferred annuities generally have maturity or contract dates . Some annuity contracts rollover to a new period . It 's important to be aware of these dates , so you can decide whether to remain in the existing annuity or look for another alternative , one of which may be a 1035 exchange into a new annuity contract .


Input: Why Should I Rollover My 401K?

Output: The reason many people rollover their 401 k plans is generally to have better control over the account if you are leaving that company . Also you have better control rather than having to contact the old imployer . You may get a getter return on your 40l k with a different investment firm ,


Input: Is Medicare Advantage Or Medigap Better?

Output: It also depends on how your marketplace is . Most populated cities with large portions of seniors , Medicare Advantage can really be affordable and offer some really good benefits . You will want to check in an agent to evaluate all the options . In Pennsylvania we have plans that are really low premium , and you will get significant benefits . The agent you speak with will tell you the pros and cons of both types of plans in your marketplace .


Input: Is Medicare Advantage Or Medigap Better?

Output: Medicare Advantage plans generally have lower premiums than Medigap plans . In some situations the Advantage premium is $ 0 which makes them visually attractive . But Advantage plans have a lot of moving parts and a lot of out of pocket . They are great plans until you get sick and then they are quite costly . If your goal is to protect yourself against large medical expenses , a Medigap plan is a better choice . Once I explain the differences in the two , almost 100 % will pick Medigap over Advantage plans .


Input: Is Medicare Advantage Or Medigap Better?

Output: If you can afford a Medigap -LRB- or Medicare Supplement -RRB- then I recommend the Supplement . You do not have to worry about networks of doctors and the potential out of pocket costs will be less if you are hospitalized . A medicare Advantage Plan is good for those on a fixed income . There are 0 premium plans available that provide very good coverage . The drawbacks would be that you have to stay in network to receive full benefit , you have copays and deductibles , and your out of pocket exposure will be higher than if you have a Medicare Supplement and are hospitalized . If you never have to use your plan then a Medicare Advantage is good because of the low or no premium . If you want litte to no out of pocket if you go to a hospital or have to use your plan then the Medicare Supplement is the way to go . Everything depends on your personal situation . What is good for you may not be good for your neighbor . Consult a good experienced agent who can provide both options .


Input: What Is Life Insurance About?

Output: Life Insurance is about meeting a Financial need , providing support when the insured dies . Life Insurance pays a benefit known as the death benefit to a beneficiary tax-free . Life Insurance is used to replace lost income for a father that has a family who dies prematurely , to provide monies to help the kids get to college if a covered spouse dies . Life Insurance is also used in businesses to provide protection for the business in the event of an owner passing away or a key employee who dies . Life Insurance provides tax-free monies to your estate or when properly funded will provide tax-free income to help supplement your retirement income . As you can see , there are many uses that Life Insurance is utilized for . If you have a specific question on how you might consider using life insurance , please contact your broker .


Input: What Is Life Insurance About?

Output: Life insurance is about paying money to beneficiaries when the insured person dies . Property insurance pays when something happens to your property , health insurance pays when something happens to your health , disability insurance pays when something happens to your ability to work , and life insurance pays if something happens to your life . However , some life insurance policies also have cash that can be accessed while you are alive .


Input: Who Is The Oldest Life Insurance Company?

Output: In historical terms , modern insurance was developed in England for cargo and ship protection for merchant commerce . The institution that emerged during those time is the late 1600s was Lloyd 's of London located in the financial district of London . In America , the first Presbyterian Ministers Fund was founded in 1759 .


Input: When To Take Out Long Term Care Insurance?

Output: Most advisers begin to introduce long term care insurance to their prospects and clients around age 50 . But many consumers purchase long term care insurance around age 60 . Some people with a family predisposition to disease and/or nursing home confinement purchase long term care insurance while they 're young and healthy .


Input: What Are The Tradeoffs To Consider In Selecting Disability Insurance?

Output: What are the trade offs in selecting disability ? Well this may be hard to answer because with most disability plans if you 're working with a good agent you can build a disability policy to be exactly what you want . I guess the trade off is paying for what you select .


Input: What Are The Tradeoffs To Consider In Selecting Disability Insurance?

Output: Some of the tradeoffs to consider in selecting disability insurance are the length of the elimination period -LRB- the shorter the elimination period , the higher the cost -RRB- , the amount of the benefit -LRB- you choose to replace a percent of your income , and you can choose a lower percent to save premium -RRB- , the length of time you want the policy to pay -LRB- picking a certain number of years versus until the age of retirement will cost less -RRB- , and the type and number of riders on the policy .


Input: Can You Get Life Insurance If You Smoke Weed?

Output: Yes , you can usually get life insurance if you smoke weed . If you smoke it daily , or have had drug treatment and still use weed , or have had recent numerous traffic violations or DUI and smoke pot , then your marijuana use could cause you to be declined . But moderate cannabis use without other complicating issues will not affect your life insurance rating much , except for changing it to smoker rates with most companies .


Input: When Are Variable Annuities A Good Investment?

Output: Variable annuities may be appropriate for a high tax bracket long term investor with a desire for market returns with an understanding of the risk . 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: When Are Variable Annuities A Good Investment?

Output: In Canada , variable annuities are called segregated funds or seg funds . They are similar to mutual funds , but since they are issued by insurance companies they have certain guarantees . They should be considered when you are looking to invest equity investments . Whether they are a good investment or not , depends on your individual circumstance . They are of special interest if you are self employed -LRB- at any age -RRB- OR are within 10 to 15 years of retirement -LRB- or already retired -RRB- . The maturity and death benefit guarantees -LRB- 100 % or 75 % -RRB- , locking in of market gains with maturity resets , the estate bypass with a named beneficiary , and the potential creditor protection are some of the factors to consider . 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: How To Get The Most From Renters Insurance?

Output: This is an interesting question . Select ahigh limit of liability . Nothing will ruin your day like a nasty lawsuit . Consider the limits available and take one of the higher amounts . Since most people are thinking about their personal property when they buy a renters policy , remember that at the time of claim , identifying the losses and verifying values is critical , so pictures and scanned receipts can make the entire process as painless as possible . That is how to get the most our of your renters policy .


Input: My Wife Totaled A Car On A Shared Policy. Insurance Check Was Sent In Both Spouses Names -- Do Both Spouses Need To Endorse The Check?

Output: Most checks I 've seen have been made payable to husband and/OR wife . If this is not the case , then I agree with Jim that you can ask that the check be split . If this is what seems an impending divorce action , you may ask that the check be issued to a third neutral party until all issues are resolved . I wish you all the best .


Input: My Wife Totaled A Car On A Shared Policy. Insurance Check Was Sent In Both Spouses Names -- Do Both Spouses Need To Endorse The Check?

Output: Does the check say and between the two names or does it say or between the two names . If it 's and both must endorse . If it 's or either can endorse . In most cases I see and but this is usually when it is between the person who receives the check and the body shop .


Input: My Wife Totaled A Car On A Shared Policy. Insurance Check Was Sent In Both Spouses Names -- Do Both Spouses Need To Endorse The Check?

Output: That is an interesting question ! The easy answer , and I think you know it already , is that your bank will most likely require both signatures endorsing the check before they will process it . You can see if they will do a `` for deposit only '' endorsement , or you may need to have the insurance company reissue the check in halves , -LRB- if they 'll do that , and I 'd expect some fees to be involved , if they do -RRB- . It is my prayer that your wife was unharmed and that no one else was injured , that the only loss you will suffer is the loss of the vehicle , and that the negative feelings that you are experiencing at the moment are long gone and resolved by the time you read this reply . Good luck , and thank you for asking !


Input: When To Buy Life Insurance For Child?

Output: As soon as a child is a few weeks old , insurance companies can write life insurance on them . That is actually the best time to purchase it . It is the very least expensive it will ever be and you can lock in that rate for the rest of the child 's life , all the while accumulating value which can be borrowed against or used in later years for retirement , with a permanent policy . Thank you . GARY LANE .


Input: When To Buy Life Insurance For Child?

Output: You should buy life insurance for a child within the first 30 days of birth . Insuring a child is very affordable and does a few things . First , in case of loss of life , it would pay final expenses which range from $ 8,000 to $ 12,000 . Next it will protect the child 's insurability . If a child ends up with juvenile diabetes or cancer and they have purchased a convertible policy , they now have life insurance at a very affordable rate the rest of their life . Lastly , purchasing cash value life insurance can help the child in later life with funds for college , down payment for a house or even retirement .


Input: Does Renters Insurance Protect The Landlord?

Output: Renter 's insurance will typically not protect the landlord directly . Renters insurance typically provides liability and personal property coverage for the insured tenant and the immediate family of the insured tenant only . If a tenant has renters insurance it may prevent the landlords insurance from involvement in claims that occur within the rented premise . 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: Can You Renew Short Term Health Insurance?

Output: The general answer to your question is `` Yes . '' Though the renewal policy varies from insurance carrier to insurance carrier and may also be impacted by insurance department requirements in your state . Most short term medical policies can be renewed at least once and with some carriers and in some states perhaps up to three times . As a consequence of rising health insurance rates for ObamaCare compliant individual major medical policies for persons who qualify for little or no premium subsidies in the government health insurance marketplaces the interest in Short Term Major Medical plans has increased significantly . Insurance carriers have been modifying their Short Term Medical policies to take advantage of this opportunity and so there are many more options being made available and being offered for longer terms -LRB- some up to 11 months -RRB- than has historically been the case in this product segment . Short Term Major Medical insurance can be an affordable option for individuals who can pass relatively simple underwriting screening and who have no pre-existing condition concerns . A person considering this option should seek the services of an insurance broker who represents multiple carriers and who can help you find the policy best suited to your needs . You should also be aware that a Short Term Major Medical Plan does not qualify as minimum essential coverage under the terms of the Affordable Care Act and that you will be subject to a tax penalty of $ 95 or 1 % of your Modified Adjusted Gross Income -LRB- whichever is greater -RRB- on your 2014 taxes . However , this penalty can only be recovered from a tax refund and the premium savings may far outweigh any potential tax penalty some individuals might be faced with .


Input: Can You Renew Short Term Health Insurance?

Output: Short-term health insurance coverage can typically be renewed one tome before it 's time to change companies . Naturally , there are exceptions . As an experienced health insurance broker -LRB- 33 years -RRB- , this type of coverage has become very popular with customers . It 's incredibly cheap , can be approved in less than 24 hours -LRB- sometimes instantly -RRB- and cancelled at any time . Because these plans are not ACA-compliant , the dreaded Obamcare tax penalty will apply -LRB- 1 % of household income -RRB- . But prices are low !


Input: When Is A Good Age To Get Life Insurance?

Output: The younger you purchase life insurance the lower the rate . If you purchase whole life while you are young the rate is very affordable and you never have to worry about your premium increasing . You will also be able to accumulate more cash value since your policy will have longer to grow .


Input: Which Medigap Policy Is The Best?

Output: In order to determine what plan is best for you , I would need to know more about you such as your age , gender , any tobacco usage , married or single -LRB- determines availability of a household discount on rates -RRB- , medical history -LRB- if outside open enrollment period -RRB- , and other factors to provide accurate figures and suggest a proper course of action that best serves your needs . For the overall populace , the most comprehensive -LRB- and most popular -RRB- Medigap plan is plan F as it covers all Medigap benefits at 100 % . Plan G is the second most popular plan because it 's identical to plan F except it does n't cover the Medicare Part B deductible -LRB- $ 147 in 2014 -RRB- . So how do you decide between the two ? It comes down to price . Since Medigap policies are standardized -LRB- meaning a plan F from company A is the exact same plan F from company B -RRB- , the only difference between the coverages is the price you pay for them . With the only difference between plans F and G , if the annualized premiums total more than a difference of $ 147 , then plan G offers you the better deal - if the total is less than $ 147 , then plan F is the better deal . I hope the information is helpful - please feel free to contact me if you have any questions , including quote requests , plan comparisons . Thanks very much .


Input: What Does Creditable Coverage Mean In Health Insurance?

Output: Believe it or not , there are no specific definitions of creditable coverage when it comes to health insurance . If you are moving from one health insurance plan to another a critical question is , `` Have you had a break in creditable coverage exceeding 63 days ? '' . Generally , creditable coverage refers to a major medical plan but your new carrier can decide what is , and what is n't creditable coverage .


Input: When Does Medicare Cover Blood Tests?

Output: Medicare Part B covers most lab tests as long as they are medically necessary . Routine blood work in conjunction with your annual preventive care exam is usually covered at no charge to you . If your lab tests are diagnostic in nature , and considered medically necessary , they should be covered subject to the deductible and coinsurance .


Input: What Is The Rating For American General Life Insurance?

Output: As of 3-24-2015 , the financial ratings for American General are : Standard & Poor 's - A + Moody 's Investor Service - A2 A M Best Company - A Fitch Ratings - A + American General and AGLA -LRB- American General Life and Accident -RRB- are now under the brand name AIG -LRB- American International Group -RRB- .


Input: What Is The Rating For American General Life Insurance?

Output: These are the ratings of American General Life Insurance company as of February 14 , 2013 : Standard & Poors - A + -LRB- Strong -RRB- Moody 's Investor Service - A2 -LRB- Good -RRB- Fitch Ratings - A + -LRB- Strong -RRB- A.M. Best Company - A + -LRB- Excellent -RRB- American General Life Companies have been in business for 160 years and have over 13 Million customers .


Input: Is PPI The Same As Critical Illness Insurance?

Output: Payment Protection Insurance , or PPI , is insurance offered in some European countries and Australia . It is tied with a mortgage or loan . If the insured person is disabled due to injury , illness , or being laid off , PPI will make the mortgage or loan payments . Critical Illness Insurance in the United States will pay the insured a lump sum upon being diagnosed with some serious illnesses or health conditions . They can pay off their own bills with that money .


Input: Is PPI The Same As Critical Illness Insurance?

Output: PPI is not the same as Critical Illness Insurance . PPI -LRB- Payment Protection Insurance -RRB- is taken out when obtaining a large loan or mortgage , and payments may be included with the loan . It is to make payments -LRB- or pay off -RRB- the loan if the insured is unable to work -LRB- or passes away -RRB- . Critical Illness Insurance pays the insured a lump sump if the insured is diagnosed with a qualifying serious illness or health condition . Even if the insured works through treatments , the benefit will be paid to the insured person .


Input: Does Renters Insurance Cover Flood Damage?

Output: Flood damage is normally an excluded peril in a Renters policy . Separate flood insurance is available through independent companies or through the Federal governments flood insurance program . The Landlord is likely not responsible for flood damage to your personal property .


Input: How Much Is Life Insurance For A Smoker?

Output: Depending upon your gender , age and health condition -LRB- although some would say cigarette smoking is a health condition -RRB- , youre going to pay much more than you nonsmoking counterpart . Smoking directly effects life expectancy and also indirectly effects respiratory disease that also shorten life expectancy . The actuarial scientific evidence is overwhelming . But there are certain life insurance companies that are very benevolent to cigarette smoker . We can help with that .


Input: How Much Is Life Insurance For A Smoker?

Output: Life insurance for a smoker will cost 2 to 3 times more than Nonsmoker rates for most medically underwritten life insurance . If purchasing a No Exam policy -LRB- especially if a small , permanent , final expense policy -RRB- , the rates for smokers may be only slightly higher than for nonsmokers . Persons who use tobacco other than cigarettes -LRB- e.g. chewing tobacco , daily cigars , or nicotine gum -RRB- can pay Standard Nonsmoker rates with a handful of companies . For those who use cigars weekly or less frequently , Preferred Nonsmoker rates are possible .


Input: How Much Is Life Insurance For A Smoker?

Output: Generally , the premium for term life insurance for people in their thirties and forties is three times more for tobacco users than for non tobacco users . The factor widens on older individuals . In recent years , a few innovative insurance companies have been offering non tobacco rates to cigar smokers and users of smokeless tobacco making their tobacco class rates effectively cigarette user rates . Celebratory cigar use e.g. once or twice a year at weddings , may even qualify at such innovative insurance companies for preferred non tobacco premium rates .


Input: How Much Is Life Insurance For A Smoker?

Output: Great question . Smokers usally pay more on life insurance about % 20 - % 50 more . Keep in mind not all companies have the same rates . Some companies charge more for smokers and some companies have good rates for that type of class . They will also ask how many do you smoke a day the less per day you migh get a preferred smoker rate .


Input: Can I Get Whole Life Insurance If I Am A 24 Yr Old Felon Out On 1 Yr Probation?

Output: Actually , I just got an offer for a gentleman who was out on probation for committing a felony . Here are a few things you need to know about this case : He was older than you , but age wasnt really a factor . His medical condition was good . He was even a smoker . He had committed a white collar crime and was not considered to be a risk in terms of hanging out with dangerous characters . Nonetheless , additional premium was added to the cost because he was still on probation . The strategy employed was this : get as much insurance as possible on a short-term basis . In a few years , when he is off probation , I intend to re-shop it and get him an even better rate , assuming he qualifies . The moral of the story is that even people who doubt they are insurable could very well find coverage and at a good price .


Input: Can I Get Whole Life Insurance If I Am A 24 Yr Old Felon Out On 1 Yr Probation?

Output: I do have a Whole Life policy you can get if you live in one of the 40 + states that carry this product . It is graded during the first two years , but will pay 100 % after 2 years for death by any reason . The price is locked in for life . Please contact me for pricing and details .


Input: Can I Get Whole Life Insurance If I Am A 24 Yr Old Felon Out On 1 Yr Probation?

Output: As a 24 year felon , the answer is maybe although unlikely . What is the nature of the felony ? How long are you on probationary status ? It may be possible to get you some accidental coverage which then could convert to a permanent policy at a later date . It really will depend on the details leading to the felony . This is a tricky case however I am open to seeing what I can do if you would provide me more detail .


Input: How Much Can You Make Selling Annuities?

Output: The commission on an annuity is a small percentage of the deposit . Large deposits result in increased commissions . Many annuities call for systematic deposits which make for an income stream to the producer . Some annuity producers make a very good income , others struggle . The key would be access to people with money looking for the safety and features of an annuity .


Input: How Much Can You Make Selling Annuities?

Output: That is a great question ! The answer applies to anyone wanting to find out if being an agent is right for them . If you are looking for easy , fat cash , this job is n't for you . Can you make a very comfortable living ? You bet . But be prepared to work long hours , handle a lot of rejection , and live a life consisting of good weeks , and very lean weeks . Be prepared to have a life without steady paychecks , competing agents willing to steal your business , and clients that will mysteriously decide to cancel their policies -LRB- which costs you money you have to pay back -RRB- . With annuities , be prepared to have a lot of eyes looking over your shoulder for each one you write , and if you decide to work as a captive agent , be prepared for the stress that comes with imposed sales goals . This job can pay very well if you have a heart for the people that you serve , and not the god of money ; and if you have a strong skin and good work ethic . A good lead on some wealthier clientele always helps too ... I hope that helps , I believe in real talk , and you just got some . Thanks for asking !


Input: Why Was Medigap Created?

Output: The simple answer to why was Medigap created is this . Medicare does n't cover all your medical bills . Medicare Part A -LRB- the hospital portion -RRB- requires an up front , per admission deductible that is your responsibility . Medicare Part B -LRB- doctor and outpatient care -RRB- has an annual deductible that you must pay . You are also responsible for the 20 % Part B coinsurance not paid by Medicare . Without Medigap your out of pocket expenses could run in the thousands of dollars .


Input: Can Annuities Be Passed On To Heirs?

Output: Whether an annuity can be passed onto heirs depends on the type of annuity you choose . A straight life annuity will end upon the death of the annuitant , leaving nothing to heirs . Life annuities with a guaranteed term will pass the remainder of the payout to a beneficiary if the annuitant dies before the term is up . Term certain annuities pay out during the term , whether the annuitant is alive or not , but then will not pay anything after the term ends . There are many other choices , all with their own set of guidelines . Just be sure to shop with someone who knows what they are doing if you want to get an annuity that you can pass onto your heirs .


Input: Why Was Health Insurance Started?

Output: A homeowners policy is written for a specific term , normally one year . The company is not obligated to renew the policy . The policy can be cancelled mid-term if the company discovers fraud or deception in the application . It can also be cancelled if a routine inspection finds unsafe conditions . Frequently those conditions can be addressed and the policy cancellation reversed . There are some , however , that can not be corrected .


Input: How Old Is Too Old To Buy Long Term Care Insurance?

Output: Long-term care insurance starts becoming more pricey during the mid-fifties . One should seriously consider buying their long-term care insurance before then . However , there are many solutions to the problem of possibly needing to pay for high-cost , end-of-life care . A careful search on the Internet will show a number of ways to accommodate that risk . The National Clearinghouse for Long-term Care is a good place to start : WEBSITELINK


Input: Does My Homeowners Insurance Cover Foundation Problems?

Output: A homeowners policy covers damages caused by specified perils . These perils are described in the policy and while comprehensive there are some perils that are excluded . If the cause of the foundation problem was damage by a specified peril it would be covered , however it more likely that the damage would be cause by earth movement which is an excluded peril .


Input: Can My 23 Year Old Be On My Health Insurance?

Output: If you 're covered under a group health insurance plan , you can have your child on your health insurance plan until they turn age 26 . Many times at age 23 , it may be cheaper for both parties for the child to be on their own plan and they may be able to qualify for a subsidy -LRB- since 2014 -RRB- to reduce the cost of their health insurance .


Input: Where Can I Buy Homeowners Insurance Online?

Output: Homeowners Insurance Online can be purchased online from HDA Insurance Brokerage ; a processor for major National underwriters in all 50 States . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: What Is Part G Of Medicare?

Output: Part G of a Medicare is a Medicare Supplement plan that pays for expenses that Part A and B do not cover . It will pay hospital coinsurance plus an extra 365 hospitalization coverage days . It will pay for excess charges by doctors that Medicare Part B will not cover . It pays for everything offered by the other supplement plans except the Part B deductible .


Input: Can You 1035 From Life Insurance To Annuity?

Output: Yes , you can do a 1035 exchange on the cash value of a permanent life insurance to an annuity . Some people choose to do this because of the higher gains of an annuity , or because they no longer need life insurance . But sometimes it is better to 1035 your life insurance to another life insurance policy . There is no going back , so be sure to review all the consequences with a trusted financial advisor before making this decision .


Input: Does Medicare Cover Tooth Extractions?

Output: Medicare does not usually cover tooth extractions . There are some exceptions , including extractions done to prepare for radiation treatment , extractions done as part of treatment for disease or reconstruction from an accident , or possibly extractions involving bones of the jaw and mouth . In these cases , Medicare Part B may cover the extraction .


Input: Does Medicare Cover Tooth Extractions?

Output: Medicare does n't cover regular tooth extractions . It will cover some dental procedures do to an accidental injury or extractions done in preparation for radiation treatment for a diseased jaw .


Input: Can I Get Disability Insurance In Washington If I'm Pregnant?

Output: If you are pregnant , disability insurance companies will not cover time off -LRB- `` disability '' -RRB- from recovering from childbirth . If they do issue you a policy , there would be an exception for any time off taken in conjunction with your pregnancy and delivery of that baby . This is not just in Washington state , but in all the states in the United States .


Input: Can I Get Disability Insurance In Washington If I'm Pregnant?

Output: Yes , it is quite possible to get disability insurance in Washington while pregnant . Unfortunately , the pregnancy would fall under the pre-existing clause of the policy and not be covered by a disability policy if it occurs prior to applying for coverage . While there is no longer a pre-existing clause with health insurance . Disability insurance is not part of that decision as it is income insurance , not medical insurance .


Input: Can I Get Disability Insurance In Washington If I'm Pregnant?

Output: Of course you can . Just do n't look to the disability policy to help finance time off work or issues from the pregnancy . Insurance companies have this nasty little `` pre-existing conditions '' clause with disability insurance . A disability policy will help with other problems down the road but wo n't help with the pregnancy . However , the pregnancy itself does not stop your ability to purchase a disability policy .


Input: What Is Bridge Health Insurance?

Output: Unless you are an engineer talking about a physical bridge -LRB- excuse the poor attempt at humor -RRB- I suspect you are asking about what is commonly referred to as gap insurance in our industry . As the deductibles and out-of-pocket maximums on many individual and group health insurance plans have grown increasingly larger over the years this had led to much greater financial exposure to policy holders . Even under ObamaCare you can have a plan with a deductible in excess of $ 6000 before your coverage kicks in . Gap policies are supplemental insurance policies designed to pay a portion of or all of this increased financial exposure . They come in a variety of forms so the consumer needs to examine these policies closely to make sure they purchase a Gap plan that best fits with their major medical plan 's benefit features .


Input: Who Is Eligible For Medicare In Utah?

Output: To be eligible for Medicare in Utah , you must be a legal resident of the US . If you have worked at least 40 quarters where you have paid Social Security taxes , you will get Medicare Part A for free . Otherwise , you can purchase it . You can get Medicare when you turn 65 . Those who can get it at a younger age are people who have been disabled for 2 years or have end stage renal disease or Lou Gherig 's Disease . There are qualifications to each qualifier , and some other groups can get Medicare -LRB- e.g. railroad workers , spouses of eligible workers , etc -RRB- . But this explains how most people in Utah qualify for Medicare .


Input: What Taxes Do You Pay On Life Insurance?

Output: Life insurance is generally exempt from state and federal income tax . If the life insurance plus other assets add up to over the amount exempt from estate taxes , that portion will be subject to federal estate taxes . State inheritance taxes might also apply . If the benefit is paid in installments , the death benefit is not taxed , but insurance earned on the death benefit will be .


Input: What Is The Price For Long Term Care Insurance?

Output: The price for long-term care health insurance will vary , depending on may factors . Some of these variables include your age , where you live , what type of health conditions you have and the type of benefits you want . Prices are always less when you buy a policy when you are younger .


Input: When To File A Claim For Auto Insurance?

Output: If someone is injured report the claim immediately ! You are obliged to file a claim as soon as possible . Your policy limits the period of time in which you can file a claim . That period of time usually starts from the time you are aware of the damage . Your trusted insurance agent can guide you through this process . If your loss is near or below the deductible for the coverage -LRB- collision or comprehensive -RRB- you might want to have the damage repaired without reporting the loss . Reported losses can impact future premiums .


Input: How To Write An Appeal Letter To A Health Insurance Company?

Output: Your best bet is to check with the insurer to see what specific information they would require for your appeal . When you send the info , I would stick to the facts and keep all emotion and opinion out of it . And remember that you get farther with honey than you do with vinegar .


Input: Does State Farm Offer Renters Insurance?

Output: Great Question . State Farm in most states offer renters insurance . I would call around and talk to a local agent or better call an independent agent that can quote many companies rate for you . Renters insurance cost in the range of $ 100 to $ 200 a year depends on how much of your personal belonging you want to insure .


Input: Will Medicare Pay For A Geri Chair?

Output: Geri chairs are high backed chairs with adjustable seating and smaller wheels than a traditional wheelchair . Some people can not tolerate standard wheelchairs because they need more back support in order to sit up . In those cases , Medicare will often pay for a geri chair under the durable medical equipment benefit .


Input: Who Has Good Life Insurance?

Output: There are many quality life insurance companies in the U.S. . The top carriers generally have product and underwriting niches , so it 's difficult to cite one carriers as better than the other . Additionally , these carriers have differing financial ratings , balance sheets and alliances with other companies which all contribute to their value to the consumer .


Input: Who Has Good Life Insurance?

Output: Several companies have good life insurance . To find out who has the best life insurance for you , you should consult an agent who can show you products from several carriers so you can compare those products and determine which one is best for you .


Input: Who Has Good Life Insurance?

Output: Good life insurance has not only a good price , but is from a highly rated company and has good guarantees . It can be very difficult to find that on your own because each company has its own set of criteria , and paired with your age and health , it can take sifting through hundreds of options to find your best one . Contact a website that offers many life insurance choices and let them do it for and with you .


Input: Who Has Good Life Insurance?

Output: Who has `` good '' life insurance is a smarter question than most people will ask ! Of course what qualifies as `` good '' is relative . If a person is uninsurable by most provider 's standards and they are able to find a company that will insure them - that probably would qualify as `` good '' insurance ! Over all , for most people I would answer that the best insurance companies are the Mutual companies that pay dividends to their policy holders . Financial information is public information so it can be verified by simple research . There are independent rating companies such as Moody 's , Standard & Poor , Fitch , AM Best and Comdex . They rate insurance companies on their financial strength , their history of paying claims , length of time in business , etc. . New York Life is one of the oldest , financially strongest and with an unmatched track record of paying dividends . It also receives the highest ratings from all the rating companies . Their permanent life products are very competitively priced and pay higher cash values than most .


Input: Is Vertebroplasty Covered By Medicare?

Output: Vertebroplasty , a spinal treatment where `` bone cement '' is injected into a fractured bone in your vertebra , can be a covered expense under Medicare Part B when the treatment is considered medically necessary . Check with your doctor and with Medicare before proceeding with the surgery . Vertebroplasty has not been found effective for treating osteoporosis .


Input: Is Vertebroplasty Covered By Medicare?

Output: Vertebroplasty may be covered in specific states if determined to be medically necessary . Your local Medicare contractor would be a great resource to offer an exact answer regarding coverage . This is a minimally invasive procedure that is often taken care of as an out-patient . Often , patients with constant back pain from prior fractures may be good candidates for the procedure . Often patients that are taking higher doses of steroids from specific diseases may also be a good candidate . Of course , your primary care physician should be consulted before any action is taken . An experienced broker can also help you answer specific questions regarding your condition and what coverage will apply to you .


Input: What Age Does Car Insurance Go Down For Males?

Output: The answer to this question depends on the State where the insurance is written . The Department of Insurance in each State has regulations which differ . In the State of California , Auto Insurance risk assessment is not permitted by age but rather by years of driving experience . For the most part , if a driver becomes licensed at 16 years of age , then he/she would have attained 9 years of driving experience at age 25 . For a quote , please feel free to utilize the link below : WEBSITELINK For many years , when speaking of risk in Auto Insurance , we would refer to the frightening image of a 16 Year Old Male Driver with a Ford Mustang GT -LRB- or other muscle car -RRB- driving around in a wreckless manner ! The industry tamed the image by simply asking for ` years of experience ' to be the assessment factor in most States in the early 1990s .


Input: Does Health Insurance Cover Botox For Sweating?

Output: Many , but not all , major medical plans will cover the use of Botox for a medical diagnosis of Hyperhidrosis . You and/or your physician will need to contact your health insurance carrier to determine if your particular policy will cover this treatment and under what conditions . Even when it is covered , it is generally viewed as a last resort treatment so your insurance carrier will almost certainly expect that other treatments for this condition be tried first before approving the use of Botox . Remember , Botox is a toxic substance and is not without its own risks , this is why a cautious approach towards the approval of use of this treatment is followed .


Input: Does Life Insurance Pay For Natural Death?

Output: Yes , life insurance does pay for natural death -LRB- death due to natural causes such as illness or old age -RRB- . Accidental death insurance does not pay for natural death . Graded life insurance policies will pay a reduced amount for the first 1-3 years for natural death , depending on the features of the policy . After the graded period has passed , graded policies will also pay 100 % for death due to any reason , including natural death .


Input: Can I Put Insurance On A Car I Don't Own?

Output: Insuring a car you do n't own is up to the individual insurance company . Most will say no but there are actually a very small amount of insurance companies that will do this . You need to contact a local independent agent who can search various companies and find one to fit your need .


Input: Can I Put Insurance On A Car I Don't Own?

Output: No you can not . In order to insure something you must have an insurable interest in the item . If you do not own the car , you do not have an insurable interest . You must be very careful about this sort of thing with property/casualty insurance as many carriers will issue a policy but deny the claim as they will do the official fact checking on ownership and insurable interest at time of claim . Premiums will be refunded and the contract rescinded .


Input: Can I Put Insurance On A Car I Don't Own?

Output: In general , no , not for physical damage to the car . To insure property you need to have an insurable interest in the property you 're protecting . In other words , you have to have something at risk . If you do n't own it , what do you have at risk ? This why titling is so important . You could , theoretically , put insurance on a car you do n't own and not tell the insurance company that it 's not titled to you . Hopefully , your insurance agent is experienced and professional enough to ask who the car is titled to , but it does n't always happen . So , say you 've insured this car you do n't own and you get into an accident . You submit your claim to your insurance company to get your car repaired . One of the first questions a claims adjuster will ask is `` who is the car titled to ? '' . If the answer is n't you , you 've got a problem . The insurance company will only pay the registered owner of the car . They are the only party that has a loss . The only exception to this is if the car is financed or leased . In this case , the finance company will require , as part of the contract , to be listed as a loss payee . This entitles them to collect on the damage to that car . That 's how it applies to physical damage . For liability or injury , it 's different . Here , the insurance follows the insured . You could , theoretically , get liability insurance without owning the car you 're driving . Again , your agent will ask who owns the car , and they 'll believe what you tell them . If a claim happens for injury or liability , they will protect you , the insured . I do n't know why you 'd want to insure a car you do n't own , but I have an idea . It could be that a friend or relative is loaning you a car because you do n't have one of your own or it could be that a child , or someone else in your household owns this car but does n't want to , or ca n't , insure it themselves because they 're young and it 's expensive , or they have such a bad driving record they just plain ca n't get insurance . Either way , do n't get yourself in a situation where you have to lie to your insurance company or agent . If something happens , the truth will come out and you may not get anything out of it anyway . Be smart . Find an agent you can trust and be truthful with him/her . They 'll tell you the right way to do it so that you do n't put yourself or your family at risk .


Input: Can I Put Insurance On A Car I Don't Own?

Output: Many insurance companies offer non-owner insurance which will provide liability , uninsured/underinsured motorist and medical coverages . This type of policy would not provide physical damage coverage . As a non-owner you would have no insurable interest in the vehicle and therefore unable to collect $ $ for damages . Of course as always , check with your local insurance professional .


Input: Does Nationwide Home Insurance Cover Mobile Phones?

Output: Good question . mobile phones are consider personal property . So if it get stolen you can claim it under your home insurance policy . Most mobile phones those days are less than your home dedutible so there will be no claim to pay out . Check with your current home policy for rules and exlusions .


Input: How Exactly Does Life Insurance Work When You Die?

Output: When you die , the life insurance policy will pay the face amount of your policy to your beneficiary . If you have more than one beneficiary , it will be split among them in the percentages you stated in your policy . They can take it in a lump sum , or they can choose to received payments made to them at regular intervals until the death benefit is depleted .


Input: Who Provides Homeowners Insurance?

Output: Not knowing where you live all I can refer to you are the common companies which Provide Homeowners Insurance on top of the other available insurances : State Farm Insurance American Family Insurance Allstate Progressive Insurance USAA AMICA Insurance Liberty Mutual Nationwide Homeowners Insurance Keep in mind there are independent insurance agencies who work with several other companies to consider as well . Check where you have your auto insurance as you may be able to get a discount putting your auto and homeowners together .


Input: Is A Single Premium Annuity A Good Investment?

Output: Video Transcript : Hello everyone , I 'm Steve Savant syndicated financial columnist and host of the weekly online talk show , Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com . Today 's question is : is a single premium annuity a good investment ? Well remember , generally these are interest driven products and single premium annuities could be a period certain . It could be ten years certain . It could be 20 years certain or one of the most popular out there right now is you 're actually purchasing a lifetime of income with a single premium immediate annuity . If it 's nonqualified the money which you originally put into it called basis comes out blended with the gain on this , so there 's a little bit of a tax advantage there . Remember , you ca n't outlive this , so if you become the Guinness Book of World Records or you 're one of Willard Scott 's people who turn 100 every day , you 're going to get that payment and it 's there for the rest of your life . A lot of people like immediate annuities to be the underpinning or their foundation of their retirement . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com .


Input: Is Auto Insurance A Federal Requirement?

Output: Auto Insurance is not a requirement mandated by Federal law , but instead is required by most if not all states as a condition of registering a car for use on public access roads and highways . Property and Casualty insurance , including car insurance is regulated by state authority as opposed to the Federal Government .


Input: Is Auto Insurance A Federal Requirement?

Output: That is an excellent question ! Having auto insurance is not a Federal law , but is a requirement in every State . The costs from damages , both medical and physical that arise from an auto accident are so high that the Government has decided that there needs to be protection . And if you were to be hit by an uninsured motorist , as I was , you would agree that insurance is a must . Thank you for asking !


Input: Does Health Insurance Cover Hysterectomy?

Output: If your doctor considers a hysterectomy a medical necessity as an acceptable procedure to treat your illness , a hysterectomy should be covered under your major medical health insurance plan . The procedure would be subject to your major medical deductible and coinsurance . Be sure to use par -LRB- network -RRB- providers to minimize your out of pocket expenses .


Input: Is Tsp A Qualified Retirement Plan?

Output: The Thrift Savings Planis a WEBSITELINK for WEBSITELINK employees , those who have retired and members of the WEBSITELINK . The 2013 tax deductible contribution limits are $ 17,500 , similar to 401 -LRB- k -RRB- contributions .


Input: Why Can't I Buy Health Insurance From Another State?

Output: Every state has different laws when it comes to insurance . This is true of auto , home , and life insurance , as well as health insurance . Any company that wants to sell health insurance has to be registered in the state , and many companies are registered in multiple states . But , since each state has it 's own laws and regulations around the selling of insurance , insurance companies can only sell the insurance plan they have registered with the state . For this reason , you ca n't buy health insurance from a different state .


Input: How To Compare Life Insurance Plans?

Output: The best way to compare life insurance plans is by meeting with your local agent that will have the expertice to describe the plans and provide direction based upon your needs and wants at this point in your life . There are many plans available through many companies have a professional assist you know what is available in your area .


Input: How To Compare Life Insurance Plans?

Output: In order to effectively compare life insurance plans , you must compare `` apples to apples '' , as the saying goes . Comparing a 10 year Term premium to a 20 year Premium is not a valid comparison . You must compare 20 year Term to 20 year Term to know which has the best price . When comparing Permanent products , there are many more variables that enter into the price.Also , you must look at the guarantees , the riders , included features , and the predicted health rating of either Term or Permanent policies to make a valid comparison .


Input: What Is A Life Insurance Unit?

Output: A life insurance unit is $ 1,000 . Life insurance is priced per unit . So if you wanted to purchase a $ 500,000 life insurance policy that costs $ 2.00 per unit , the cost of the policy would be $ 1000 per year , plus policy fee . Most people do not see the unit price when purchasing life insurance , but buying a child rider is a time when the unit price is often shown and you are given the chance to pick how many units you want you want in the rider .


Input: Can You Collect Disability Insurance And Social Security?

Output: Yes , you can collect Disability Insurance and Social Security . If the Disability Insurance benefits are from a private policy , your Social Security Disability benefits will not be affected . There is a maximum percent of your income that can be replaced by the insurance benefits added together . If the Disability Insurance is from a public source , the amount of SSDI will be reduced so that the total benefits added together does not exceed 80 % of your previous income .


Input: Who Can Be My Life Insurance Beneficiary?

Output: You can name any person , business , or organization as your beneficiary who is a relative , a charity , and/or has an insurable interest -LRB- would suffer financial loss if you were to pass away -RRB- . You are not required to name your spouse as the beneficiary of a life insurance policy .


Input: How Can I Lower My Car Insurance Rates?

Output: There are short term ways or quick ways to lower your rates such as packaging a home or renters insurance policy with your auto insurance if your company has both . Rates these days are really driven by the company base rates and you individually . Some of the factors that will effect your rates is credit , your driving history , the length of time you have been insured , zip codes , age , marital status and your claim history . Many companies have rates in `` a black box '' so other factors at times are hard for agents to explain . If you have not done so I recommend contacting an independent agent so they can shop for you different companies and find which one fits best for you on both coverage and price . Good Luck


Input: What You Need To Get Renters Insurance?

Output: All you need is your personal information and the value of your personal belonging . The policy on average in Montana runs around $ 10.00 a month that is with $ 45,000 worth your contents and 100,000 in liability and $ 5000 medical payments also covers loss of use . Fairly inexpensive policy but well worth the cost .


Input: What Is Group Long Term Care Insurance?

Output: In the land of Long-term Care Insurance -LRB- LTCi -RRB- , the word `` group '' roughly means `` guaranteed issue '' . Guaranteed issue means that all one has to do is apply and coverage will be issued - no formal underwriting . It takes a pretty big group for an insurance company to take on the risk of true group LTCi . I do n't believe any carriers provide it anymore , although much of it was sold previously and is still in force . Some carriers will still write `` simplified issue '' group wherein the applicant must answer 4 or 5 questions in the negative to qualify . If they answer `` yes '' to any of the questions , the insurance company may still consider them , but only if they authorize the insurance company to look at their medical records and maybe call them for an underwriting interview over the phone . Only a few carriers are still in this market segment of LTCi , however . Carriers will provide a small discount of 5 % or so to smaller numbers of applicants that are successfully underwritten and all work for the same employer . The minimum number depends on the carrier , but it is usually a minimum of 5 - 7 FTE . This is called `` multi-life '' long-term care insurance and is not true group . But , people refer to it that way.Multi-life underwriting may be `` simplified '' , or `` modified - simplified '' . Regardless , some underwriting does take place and a person may not qualify medically . In the past , if enough people in a multi-life situation qualified for coverage , a carrier would accept one person who did n't qualify medically and issue a base contract of coverage to that person . That accommodation is not actively marketed these days and may only be available under special conditions . With a multi-life policy , the insured owns his/her own policy and can take it with them when they leave employment . The discounted premium is portable , too.Multi-life may be worth looking into if the company only wants to insure executives , owners or key occupation classes . LTCi is not yet subject to ERISA rules , so companies can `` carve out '' who they want to provide this kind of insurance to . Payment of premiums by the corporation -LRB- especially C-corps -RRB- may qualify as a health insurance expense and deductible for tax purposes , as well . But , before assuming any special treatment of premium payments , one should consult with a qualified tax professional.Otherwise , there is no true group LTCi and fewer `` deals '' any more for LTCi .


Input: When Should A Teenager Get Car Insurance?

Output: A teenager must be included in a car insurance policy as soon as they have a license . In California that usually means that they will be assigned to a vehicle in the household where they are living . To comply with state law each driver must be insured to operate a car . For a variety of reasons many young people do not get drivers licenses at the earliest possible age . I have seen drivers being added onto policies after age 20 . Some students pursue such rigorous academic studies that driving is not an option . The bad news is that in California it isnt your age when you start driving but the number of years experience you have as a driver that will determine the classification used on your automobile insurance .


Input: What Is A 403B Retirement Plan?

Output: 403 -LRB- b -RRB- plans were also called tax-sheltered annuity back in the day . A 403 -LRB- b -RRB- plan is a tax-advantaged retirement savings plan under Economic Growth and Tax Relief Reconciliation Act of 2001 for public education organizations , some 501 -LRB- c -RRB- -LRB- 3 -RRB- organizations -RRB- , cooperative hospitals , and self-employed ministers . Employee salary deferrals into a 403 -LRB- b -RRB- plan are made pretax and they grow tax-deferred with distributions taxable when withdrawn from the plan .


Input: When Is It Too Late For Long Term Care Insurance?

Output: In my opinion , it 's never too late . The average age that people buy is 57 . However , even if the price is high , get as much coverage as you can afford . You buy a maximum dollar amount per day . So if you ca n't afford to buy -LRB- for example -RRB- $ 165/day , then buy $ 80/day . Remember , most Long Term Care claims are n't for nursing homes - they are for care you receive in YOUR home . In other words , you may hire a service to come to your home 3-4 hours/day to cook meals , do laundry , etc. . And that may only cost $ 80/day ...