Input: Can You Have Life Insurance On An Ex Spouse?

Output: Life insurance companies look for insurable interest before issuing a policy . In other words you would be suffering an economic loss . If you the insurance was placed in force while you were married and you are asking can you keep the policy in force the answer is yes . If you are asking can you place a new policy on the life of your ex-spouse the answer is yes IF there is insurable interest and with their permission . Sometimes insurance is required in a divorce settlement so it is quite common . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can You Have Life Insurance On An Ex Spouse?

Output: Yes , if you have some insurable interest , such as getting payments from that person . If that is the case , then there is absolutely no reason not to get such a policy for your own protection , if the court order could be read or interpreted to extend such payments past death -LRB- which is very rare -RRB- . However , you also must inform the ex that you are getting such a policy . Thank you . GARY LANE .


Input: Can You Have Life Insurance On An Ex Spouse?

Output: Yes you can . It 's typically seen as part of a divorce agreement for alimony purposes and/or protection of the children of the former spouses . In this type of scenario , the amount and length of coverage required to be placed in force will be determined in the divorce agreement . The main need to secure any life insurance policy is for there to be an insurable interest , a carrier wo n't approve a policy without it . Please feel free to contact me for help . Thanks very much .


Input: What Is Universal Health Insurance?

Output: Universal health insurance can also be referred to as single payor health insurance and is a term used to denote a health insurance system that covers all citizens of a nation . Generally the concept of a Universal Health Insurance system is used in reference to the government run or managed systems such as are found in Canada and many European countries . While there are variations on the theme from country to country the objective , as the name implies , it to provide health insurance coverage to every citizen of the country regardless of their income or health status . Usually Universal Health Insurance systems are funded by taxes paid by the nation 's citizens and businesses . The concept of Universal Health Insurance sounds appealing to many and is becoming part of the ongoing debate in the United States about how to finance our citizen 's health care needs . In theory everyone would have comprehensive health insurance coverage with the cost spread out amongst every citizen and with lower overhead costs as a single , government run agency administers the health insurance system . In practical terms , the real world results of such systems have fallen short of perfection and have their own sets of problems and sources of dissatisfaction just as we experience with our current mixture of private and public based health insurance systems here in the United States .


Input: What Is Universal Health Insurance?

Output: Universal Life Insurance is permanent insurance which is designed to provide a higher rate of interest building your cash value . The cost of insurance is generally less than whole life insurancebut more than term iinsurance . The policy is not guaranteed as if the interest does not hold you may be forced to pay more premium . Talk to your agent if you have questions or would like to see an illustration . If you do n't have an agent , feel free to contact me and I 'll be glad to show you .


Input: How Much Could Disability Insurance Cost?

Output: Disability insurance depends on a number of factors . The cost -LRB- your premium -RRB- is based on a number of factors - the most important being your medical history , your job , and your income - and the policies are very customizable . This is a very important type of coverage to have that many do n't think about . It protects one of your greatest assets - your ability to work.If you ca n't work because of an injury or illness , how do you provide income for you and your family . The answer ? Your disability insurance . When you 're buying a disability policy , the MOST important factor in the policy structure is the DEFINITION OF DISABILITY . Each policy will use 1 of the 3 definitions : 1 -RRB- True Own Occupation - this says you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . In short , this is the most favorable definition you can have . 2 -RRB- Modified Own Occupation - this says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation . This one is commonly seen in many individual disability insurance policies . 3 -RRB- Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education , training , or experience due to sickness or injury . In short , this is the least favorable definition . This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage . There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: How Much Could Disability Insurance Cost?

Output: As a very general rule of thumb individual disability insurance generally costs around 3 % of your gross income . This number assumes someone around their 30 's purchasing average coverage . Older individuals or those seeking more comprehensive coverage may end up paying more -LRB- typically up to 6 % of gross income -RRB- .


Input: How Much Could Disability Insurance Cost?

Output: Another way to think about this question is , `` How much woulda disabling event cost you without coverage ? '' Considering Brandon 's well-thought out response to you , also thinking about the question from the darker side makes many of us uneasy inside though . -LSB- I do n't like to think something like that can happen , but it does . -RSB- From personal experience , I can tell you that disability insurance and critical illness insurance has a very real place in anyone 's planning who has a paycheck and depends on that paycheck for their living . Period . I am now 42 years old and at the age of 27 I delivered a very healthy baby girl - went home from the hospital after 4 days like normaland on the 5th day had a pulmonary embolism that locked up both of my lungs almost to the point of death . So instead of being gone from my job for 8 weeks on maternity leave , I was gone for almost 5 months . Without my DI and CI policies , it would have been a financially crippling event for my family . It was not expected - but it unfortunately happened . Brandon shared some very realistic numbers here for consideration . I applaud anyone looking into these ancillary policies to protect their planning . Sheryl Brown / @AshBrokerage


Input: Can I Have Two Health Insurance Plans At The Same Time?

Output: While it is possible to have two health insurance plans at the same time , it rarely pays to do so . The reason for this is all insurance policies contain a clause known as co-ordination of benefits , which allows multiple insurers to work together to determine who is responsible for paying your claim . Insurance is intended to help protect one from possible loss , to to profit by having two different companies pay the same bill .


Input: Can You Have Two Homeowners Insurance Policies?

Output: You can buy two home owner 's policies , but in the event of a claim they will split the claim payment - since you can only collect once for any claim . So if you have two policies and you have a $ 10,000 claim , you would get about 1/2 from each -LRB- depending on the level of coverage -RRB- . So it does n't make sense to have two when one will do . Also , not disclosing a second insurance policy would be insurance fraud .


Input: Does My Allstate Auto Insurance Cover Rental Cars?

Output: Your auto insurance will cover you when you rent a car with the samecoverage ` syou currently carry on your personal auto policy . All rules , coverage 's deductibles and limits apply . A rental car is considered a temporary substitute vehicle . Keep in mind this must be avehicleof theprivatepassenger type , not U-hauls or commercialvehicles . Also renting a vehicle does not give you permission to loan the vehicle toanotherparty as all operators must be listed on the rental agreement . I recommend you call your insurance carrier before renting a vehicle to make sure your policycoverage ` sare adequate .


Input: What Is Rx In Health Insurance?

Output: that would be a reference to the health insurance plan 's , coverage for prescribed medications . There are usually cost sharing elements to the coverage of prescription medication , they generally breakdown as generic , non-formularities , and formularity . Generic being the least expensive and moving it 's way up respectivly .


Input: Does Legal Separation Affect Health Insurance?

Output: It should not impact major benefits on an individual or group health insurance plan . For example , the `` copay '' or `` deductible '' is not going to change unless you are forced -LRB- divorce -RRB- to purchase a separate policy . It is then possible the same coverage may not be available . Your broker or a reputable website are great resources for additional information .


Input: Do Life Insurance Companies Share Information?

Output: In a way , yes they share information . There is a information depository known as the MIB and no , it does not stand for `` Men in Black '' , it stands for Medical Information Bureau . What the MIB contains is information about paid insurance claims , past applications and other information that insurance companies can access -LRB- with your permission -RRB- to check your medical history . So if you apply with 3 different companies , all 3 companies will know it from the MIB . They will ask you about it and it may effect underwriting as the 3 companies look at the combined face amount and decide if they want to be a part of it . Also lets say you answer a question about heart problems as NONE . In checking the MIB the insurance company finds you have a double bypass in 2009 . Changes everything . Think of the MIB as similar to the Credit Bureau , except for medical stuff instead of credit use . Instead of credit history , the MIB contains your health history .


Input: Do Life Insurance Companies Share Information?

Output: The MIB -LRB- Medical Information Bureau -RRB- is a membership organization made up of life and health insurance companies . It exists as a means for the insurance companies to share medical information , similar to how Credit Reporting Agencies exist to share financial information . The MIB members share all kinds of material information that they discover in the process of underwriting insurance policies .


Input: Do Life Insurance Companies Share Information?

Output: They do not share detailed information but they do check your MIB report . The MIB is your Medical Information Bureau Report and it will show any recent hospitalizations you have had and also any life insurance companies that you have applied with . Insurance companies will also have access to look at your prescription medications that you currently take or have taken in the past . You must give them permission to review these things when you apply .


Input: Is Long Term Care Insurance Cheaper For Younger People?

Output: All other factors being the same , Long Term Care insurance is cheaper for younger people . If the younger person has a health condition that has the potential of causing disability in the future , is a smoker , is very overweight or underweight , or other risk factors , the the younger person could end up paying a higher premium than a very healthy older person .


Input: Where Can I Get Cheap Auto Insurance?

Output: Judging by the billboards and advertisements , cheap insurance is readily available . Many states have special programs that provide limited and cheap auto insurance . The thing to remember is when you are in an accident , these cheap insurers may treat you the same way , and you might not appreciate that .


Input: Where Can I Get Cheap Auto Insurance?

Output: Try the online insurance sources . Remember , you are acting as your own insurance broker so if you know very little about auto insurance you are at the mercy of the carriers online . if you purchase ` minimum limits ' or forget a coverage or were not aware of an exclusion that provides no coverage , you are responsible because you ` self insured ' for anything not covered by what you bought . A knowledgeable , competentagent or broker will survey your hazards and exposures and suggest appropriate coverages and limits for your specific situation . Well worth the commission they receive from your policy .


Input: What Is Covered By Long Term Care Insurance?

Output: What is covered by Long Term Care Insurance depends on what type of policy you get . It is very important to review the features before you buy your policy , and to compare plans that have similar features when making your selection . Some Long Term Care Insurance plans cover everything from hiring a relative to help you in your home , to residing in a nursing home , and all the care options in between .


Input: Is Car Insurance Higher On Hybrids?

Output: In many cases yes . Hybrid vehicles typically have a higher valuation than other vehicles within their respective class than non-hybrid vehicles . So if you have comprehensive and collision coverage on your vehicle will more than likely cost you more for coverage . As far as the costs for liability coverage that can vary from carrier to carrier . Contact a local agent to find out more information about rates for hybrid vehicles within your area .


Input: Why Does Being Unemployed Affect Car Insurance?

Output: Being unemployed affects your car insurance because you are not driving the car to work every day . So ... it is possible that your rate could possibly reduce with certain carriers since your annual mileage may be reduced . However , if it negatively impacts your credit score , it is possible that being unemployed may hurt the rate with some carriers .


Input: What Qualifies For Long Term Disability Insurance?

Output: Long term care insurance is a morbidity that mitigates the cost of assisted living care and/or nursing home confinement . Long term care is generally a stand alone policy with various add on riders like inflation or cost of living increases . Long term care can also take the form of a rider on life insurance and annuity products for carriers that offer them .


Input: Will Diabetes Affect Car Insurance?

Output: Based on my education and experience within the industry so far I do not believe that a medical condition will affect your auto insurance rates directly . I am not currently aware of any carrier that request personal medical information before providing a rate to a prospect or after a policy has been written . Contact a local agent in your area to discuss coverage availability and pricing .


Input: Is A Chiropractor Covered By Medicare?

Output: Chiropractic care is covered by Medicare in some situations . Medicare Part B pays for a chiropractor 's manual manipulation of the spine to correct subluxation . If a hand held device is used during the manual manipulation , the use of the device is not covered . Initial physical exams , evaluations , X-rays , acupuncture , physical therapy , supplements and orthopedic devices prescribed or provided by a chiropractor are NOT covered .


Input: Can I End A Car Insurance Policy Early?

Output: You can cancel a policy any time you wish . It is n't recommended that you cancel a policy until you have coverage placed with another carrier . You also can possibly loos discounts when you get insurance next time because you would have a lapse in coverage . I would talk to an agent they should be able to advise you of what is best for you .


Input: When Does Obamacare Start?

Output: Open Enrollment started October 1st . For plans effective January 1st , you may enroll up until December 31st . This year the Open Enrollment is extended until March 31st . You must obtain a creditable health plan by March 31st or you will be penalized . You may purchase either on or off the exchange . If you qualify for a subsidy you are better off in most cases to purchase on the exchange .


Input: When Does Obamacare Start?

Output: The Patient Protection and WEBSITELINK was signed into law in 2010 . It wasofficiallyeffectiveon 01/01/2014 but some insurance companies already started changing their plans prior to 2014 .


Input: Why Is It Important For Renters To Have Insurance?

Output: It is important for Renters to have renters insurance so that their personal possessions can be replaced in the event of theft , fire , etc. . Typically the facility you are staying in has there own insurance but that does not cover the possessions of the tenants . In most cases from what I have seen , you will be required to have your insurance in order to move in .


Input: Why Does Life Insurance Test Urine?

Output: Life insurance tests urine for medically underwritten life insurance policies to detect drug and nicotine usage , among other things . Urinalyses can show evidence of diabetes -LRB- or poor diabetic control -RRB- , renal disease , cancer , blood disorders , or infection . Not all life insurance policies require a urine test ; nonmed policies do not perform blood or urine tests .


Input: What Is The Difference Between Ad&D And Life Insurance?

Output: AD&D -LRB- accidental death and dismemberment -RRB- can be a stand alone policy or a rider to a life insurance policy . Life insurance policies pay in the case of death , regardless of the cause . AD&D policies only pay if death -LRB- or dismemberment -RRB- is the result of an accident . AD&D plans have a place but should not be your only form of life insurance


Input: How Much Is The Average Renters Insurance?

Output: In my book of business the average renters policy would be around $ 150 . That may not be very helpful as your circumstances are unique . Every policy is tailored to your individual requirements . The premium is closely linked to the value of your personal property . Sometimes in an effort to keep the premium low , customers will report very low personal property limits . When a claim comes they discover how really expensive it is to replace their personal property . The company will pay to the limits of the policy . That is when the policy becomes very expensive , it doesnt cover the loss .


Input: Do Life Insurance Exams Test For Valium?

Output: It is best to disclose this to the paramedical examiner if you are concerned . It may or may not show up on a lab . If it shows up , more forms and possibly a closer look because a drug showed up in your labs and you did n't mention it . It is far better to disclose something small like this to keep it small . Honestly , not a big deal as you 've explained it . Just explain it the same way to the medical examiner and should n't be a problem .


Input: Do Life Insurance Exams Test For Valium?

Output: I hope you made it through your paramed exam successfully . Under your explained circumstances , I believe it would have been a very remote chance of detecting one valium after a few days to calm your fear of flying . You should have metabolized it by then The use was no more than having an alcoholic beverage or two to calm your nerves . From your explanation , there does not seem to be an addition problem , which is what most underwriters are looking for . I am sure under these circumstances , all went well .


Input: Do Life Insurance Exams Test For Valium?

Output: That is a great question ! Your testing may or may not be affected . It depends upon several things . The valium dosege of the pill you took , your metabolism , and the length of time between ingestion and it passing through your system may make it possible that little or no traces are found . You have said that you have no prescription for it , so if it pops up , there may be an issue , so I 'd strongly suggest that you tell the paramed what transpired , so there is no hint of dishonesty . Most of what they will test you for will have to do with your kidney , liver and heart functions , whether you smoke , and if there are narcotics in your system . Depending upon the company , and the amount of insurance you are applying for , they might be very strict , or they may not be . If you are applying for a very large amount of insurance , expect them to be . Again , just be honest with the paramed when they come to take your sample . They will make a note that will explain the trace amount should it flag . I hope that helps you , thanks for asking !


Input: Can I Change My Car Insurance Before The Year Is Up?

Output: Auto insurance is an at will product . This means that you can cancel your policy at time that you wish . If you are looking to change carriers the agent that you are working with can normally assist you with the cancellation of your existing policy and the activation of the new one .


Input: Can I Change My Car Insurance Before The Year Is Up?

Output: You are able to sign up with any auto insurance carrier that you want at any time that you want as long as you are willing toaccept the pricing and terms of the new carrier . Your current carrier should refund any unused portion of your paid premium with that carrier .


Input: Where Can I Buy Non Owner Auto Insurance?

Output: This type of coverage is available with serveral companies that handle auto insurance . Dairyland Auto is a carrier that I use with my company when I have a client looking for this type of coverage in Wisconsin . I would suggest that you call your local agent and they should be able to help you directly or if not point you in the right direction .


Input: Where Can I Buy Non Owner Auto Insurance?

Output: There are many insurance companies that can write a non owner policy . Most of the captive companies do not offer non owner polices so my best suggestion to you is to find a local independent agent who deals with multiple insurance companies . An Independent agent should easily be able to write you a non owner policy .


Input: Where Can I Buy Non Owner Auto Insurance?

Output: To apply for non owned auto insurance you would need to contact an independent agent in your area . An independent agent will have the broadest offerings with several different companies that can offer you this kind of coverage . This way you will be sure to obtain the right coverage 's at the right premium .


Input: Where Can I Buy Non Owner Auto Insurance?

Output: There are many carriers that offer this coverage and it is fairly inexpensive . I know that Progressive and Kemper have some great rates for this type of coverage . But be advised that you need to make sure that you have no vehicle titled in your name . If you have a vehicle titled in your name them a non owned policy will not work . Depending on your state There are other options available . I suggest you contact a Local independent agent they can compare rates with many carriers for you . .


Input: Where Can I Buy Non Owner Auto Insurance?

Output: Non Owner auto insurance is available through independent insurance agencies . Non Owner insurance is liability insurance for your drivers license . It does not cover a specific vehicle . Insurance always follows the vehicle . The owner of a vehicle must maintain insurance and that policy is primary . If the limits are reached on the primary policy the non owner policy would kick in and provide excess liability .


Input: Who Regulates Variable Annuities?

Output: An insurance product is regulated by the department of insurance . Securities are regulated through through Financial Industry Regulatory Authority and the Securities Exchange Commission . Variable annuities are both an insurance product and a security , i.e. which fall under the jurisdiction of both governing organizations . A registered representative must be licensed with both governing bodies .


Input: Who Regulates Variable Annuities?

Output: A variable annuity is regulated by the insurance commissioner in your state and the Securities and Exchange Commission . The agent handling a variable annuity must be licensed to do so by the state insurance commissioner and must hold certain certification with FINRA the agency charged to supervise these contracts .


Input: Who Regulates Variable Annuities?

Output: A variable annuity is a security and an insurance product . The security aspect of variable annuities is regulated by FINRA and the insurance aspect is regulated by the department of insurance in each state .


Input: Who Regulates Variable Annuities?

Output: Variable Annuities are regulated by multiple agencies . First , the Department of Insurance of the State the Annuity was issued in regulates them to some extent . The states Securities Regulator also regulates them . FINRA & the SEC are two other regulators who have a hand in their regulations as well , depending on the agent who sold the policy .


Input: How Does An Auto Insurance Deductible Work?

Output: Your deductible for your auto insurance is the amount that you will pay out of pocket for eachoccurancebefore your insurance carrier will begin to pay for any covered claim . Deductibles typically range from zero up to five thousand dollars fortypical consumer auto policies . Typically a deductible only petains to collision and other than collision claims .


Input: How Does An Auto Insurance Deductible Work?

Output: A deductible is your portion you pay for a claim . Example if you have comprehensive coverage which is deer hail tree and window type of damage if you have a $ 100 deductible then anything over the $ 100 the insurance company will pay . In our state with most carriers the difference between a $ 100 deductible and a $ 500 deductible is only about $ 3 difference a month and most glass shops waive the deductible and rock chips are free . Your NOT saving any money in the even of a higher deductible unless you just happen to have $ 500 handy in the even of a loss . Also Many carriers it does not effect your rates on a comprehensive claim . Now collision deductible $ 500 is the standard so if you cause the accident your responsible for the first $ 500 worth of damage . Example you back into a tree and cause a $ 1000 worth of damage to your car then the insurance company will hand you a check for $ 500 As stated a above by MR. Ratliff a `` good Agent '' wo n't report it I beg to differ Reporting it will NOT raise your rates as much as it would cost to repair it less your deductible . this may be the case in other states but here in Montana this is in most cases it is better to file the claim then pay for it yourself . A HONEST agent will discuss your options on what works best for you and a dedicated agent like our agency has who personally answer the phone 24/7 will tell you what it may or may not do to your rates . In any event contact your agent and they should be able to tell you what works best for you . Also the deductible applies in the event you are hit by someone who has no insurance . So if you are a victim of a hit and run your deductible will apply also . Every state has different laws and rate factors . Sit down and have your agent discuss what works best for YOU ! If you already are on a tight budget and in the event of a loss that higher deductible may not be in your best interest . Many Body shops are willing to work a pay plan on the deductible portion but it is much easier to pay $ 500 then a $ 1000 . Talk to your agent


Input: How Does An Auto Insurance Deductible Work?

Output: When a claim for physical damage to your car is settled , the insurance company will pay the necessary repairs minus the deductible . The deductible is stated clearly in the policy . If the damage is caused by another party it well could be that that partys insurance company will reimburse your deductible since they are responsible for the entire sum .


Input: How Does An Auto Insurance Deductible Work?

Output: A deductible is the amount you pay before the insurance company pays . If you have an accident and there is $ 5000 damage to your car . Assuming your deductible is $ 500 , your policy would pay out $ 4500 . This is why sometimes I advise my clients not to turn a claim in . If you have an accident and the damage is $ 600 and your deductible is $ 500 , you could lose more by turning the claim in than by paying the extra $ 100 yourself because of possible rate increases due to the accident . A side note , if you have an agent always call him first for advice . Do not call the company unless it is an emergency . If you call the company and ask them if an incident is covered and then decide to pay for it yourself , the insurance company will log that in as an accident against you , even though they do not pay anything out . A good agent may not say anything to the company if he does n't have to turn in a claim Of course most accidents need reported if there is another person involved but say you back into a tree and damage your bumper . You have $ 600 damage , your deductible is $ 500 , you pay it yourself . No report needs filed . Calling your agent can save you that mark against your record .


Input: How Does An Auto Insurance Deductible Work?

Output: That is a great question ! Deductible , in insurance speak , is the amount of money that you need to pay before the insurance company pays their promised share . The idea is that if you have to pay a part first , it is an incentive for you to be more careful and avoid claims that would cost you money . The amount of your premium payment hinges in part upon the deductible that you choose . The more you are willing to pay , the less you monthly payment is , as a rule . The lower your deductible , the more the insurance company has to pay , so the higher your payment . The trick is to find a balance between what you can afford to pony up for your deductible vs. the monthly cost of the policy . I hope that helps , thanks for asking !


Input: Is A Medicare Supplement Necessary?

Output: It 's a personal decision . Many people get a Medigap Plan -LRB- aka Medicare Supplement insurance -RRB- for peace of mind . Medicare Supplement insurance is designed to fill in the `` gaps '' that Medicare does n't cover . So , if you stick with just Original Medicare Part A & B , you leave yourself open to paying the 20 % that Medicare does n't cover . In addition , you are responsible for the Part A and Part B deductible . The Part A -LRB- Hospital insurance -RRB- deductible in 2014 is $ 1216 The Part B -LRB- Medical insurance -RRB- deductible in 2014 is $ 147 I spoke with a Medicare Beneficiary who wanted to add a Medicare Supplement because she had some health issues and the treatment was getting expensive . Unfortunately , she could not get approved for a policy because of her current medical conditions . The point is ... we do n't have a crystal ball to predict our health . If you 're healthy now and it does n't seem necessary to spend the money on a Medigap Plan , then think about the long term effects . As we age , our health changes and you may end up paying a lot more in medical bills . Thank you for reading my reply . Please let me know if I can be of further assistance .


Input: Is A Medicare Supplement Necessary?

Output: Well , it depends ... Original Medicare only covers about 80 % of your hospital and outpatient charges . Seniors with a healthy bank account may not need or desire to purchase a Medigap -LRB- supplement -RRB- plan . While you may be healthy now , your health can change at any time . If you are hospitalized 3 times during a calendar year for unrelated medical conditions you will have to pay a deductible of $ 1184 -LRB- 2013 Medicare Part A deductible -RRB- for each admission . Medicare Part B outpatient charges can become expensive as well . After you have paid the calendar year Part B deductible of $ 147 -LRB- for 2013 -RRB- you are responsible for 20 % of the remaining charges not paid by Medicare . An $ 800 CAT scan can leave you owing several hundred dollars . Medicare supplement plan F covers 100 % of approved Medicare Part A and Part B charges .


Input: Is A Medicare Supplement Necessary?

Output: A Medicare Supplement in my professional opinion is very necessary . When faced with serious health issues you could be faced with thousands of dollars in medical bills if you do n't have a Supplement . If you do n't have a Medicare Supplement you are responsible for the Part A deductible of $ 1,260 for an inpatient hospital stay and you can only receive 20 days of Skilled Nursing Care at no cost . Under Part B of Medicare you are responsible for 20 % of all Medicare approved charges with no limit on what you could owe . For example , chemotherapy treatments for cancer or kidney dialysis , 20 % of those cost are huge . A Medicare Supplement is both a medical and financial necessity .


Input: Can You Backdate Auto Insurance?

Output: That is a great question ! The answer will depend upon why it is being backdated . There are very few reasons why an insurer will backdate , and the most common is to keep an age based rate lower for you . They are typically really reluctant to backdate , for fear of unclaimed damage suddenly being claimed . Thanks for asking !


Input: Can You Backdate Auto Insurance?

Output: Underwriters have latitude . Some companies will allow back dating of auto policies . The issue is the potential for a loss arising from the period when there hadnt been coverage . The advantage of backdating a policy might be to cover the period so that a lender can not put coverage in force . Most companies would be very reluctant to back date an auto policy even with written assurances that there werent any potential claims .


Input: How Much Is Medicare Part A?

Output: Good News ! You do not pay for Medicare Part A. Part B could be $ 95 or more depending on your income . In addition to Part A and Part B , you 'll most likely want to have a Medicare Supplement Plan -LRB- to fill the gaps in coverage of original Medicare -RRB- and Part D drug coverage . If you 're amenable to an HMO type environment , then you might get a Medicare Advantage Plan which generally includes the supplement AND the drug coverage and is less expensive that a Medicare Supplement and Part D. Note : If you 're eligible for Medicaid , then you may have no cost at all .


Input: Can Landlord Make You Get Renters Insurance?

Output: A landlord may require you to get renters insurance as part of the rental or lease agreement/contract that you sign when you rent a premise from them . A renter should not fear the cost of renters insurance as it is fairly inexpensive in many cases . Not to mention that it provides some personal liability , personal property , and typically some loss of use coverage .


Input: How To Get Homeowners Insurance After A Claim?

Output: A claim may result in a notice to non-renew . This would happen if the home is exposed to a hazard that has not been mitigated . If your home is on a bluff overlooking the Pacific Ocean and part of the bluff falls into the ocean , your current insurance company might decide to non-renew . If you can demonstrate to either your current company or a subsequent company that you have taken adequate steps to eliminate that danger , you should be able to secure coverage . The other reason that a policy might non-renew might be moral . If you have attempted to defraud the company or shown negligence in maintaining the property , they might chose to non-renew . That doesnt mean that another insurance company might not insure you . Large brokerages frequently have the capacity to insure really difficult risks .


Input: How To Get Homeowners Insurance After A Claim?

Output: If you have suffered a covered loss and have filed a claim with your insurance company , it is pretty unlikely that you will be forced to make this decision . In my experience , most companies do not take adverse action like non-renewing a policy for filing one claim . It is , however , possible that you may see your premium increase a bit as a result of that claim .


Input: Can I Get Car Insurance Without A Car?

Output: Insurance companies often offer non-owned auto coverage . When a driver lives outside the United States and occassionally comes to the US and wishes to rent a car , this is the easiest way to provide the necessary liability coverage . There is also coverage available for people who have had their licenses suspended and who must show evidence of insurance to have the license reinstated .


Input: What Will The Fine Be For Not Having Health Insurance?

Output: The fine for not having health insurance in 2014 will be $ 95 for an adult . This is actually a tax , and not a fine . The IRS can attempt to recover the tax if you do not pay it . The $ 95 amount will increase after one year and continue to increase . This new tax is part of The Affordable Care Act , President Obama 's marquis accomplishment so far .


Input: What To Do When Homeowners Insurance Is Cancelled?

Output: Great question . This happens more often then you 'd think . First thing you want to do is get busy finding a new policy to protect your investment especially if you have a mortgage . Mortgage companies will charge you for what 's called `` A Forced Placed Policy '' . This is a policy that covers their interest , you have no coverage for your self , your personal property or to rebuild your home in the event of a total loss . Without scaring you understand this type of policy will cost thousands of dollars and does nothing for you except raise your monthly mortgage payments . You also want to know why they cancelled your policy . Was it a roof replacement ? Tornado ? Fire ? Small claims can add up as well prompting a cancellation . We want to think about the claims we file before we file them . If it 's something you can handle without filing a claim do so , remember your future rates are at stake . 1 . Get on the phone and call your insurance company . Ask them why they cancelled you . You 'll need to know this before you call around for rates . 2 . Call insurance agencies that work with multiple insurance companies . -LRB- One company may take you with no claims and another may have guidelines of a limit of a number of claims where some may not take fire or water damage claims -RRB- 3 . If all else fails and you ca n't find coverage due to claims then call Farmers Insurance , they have a company `` Foremost '' -LRB- also some independent agencies have them as well -RRB- they take risks with a high number of claims . Shop around , it should n't take you more then a few hours to find a company that will take your home .


Input: What To Do When Homeowners Insurance Is Cancelled?

Output: If your insurance company cancels your coverage , they will hae to explain the reason , in writing , and give you a certain amount of notice in most cases . The best place to start your inquiry is with your Insurance Professional . There may be any of a number of reasons that a company takes this action . It could be claim related , in which case it will probably be a non-renewal cancellation . It could be due to the home being deemed to be vacant , in which case , the cancellation may be immediate . It could be due to non-payment of premium . That is the easiest to remedy of course . Regardless of the reason , your Insurance Professional will be able to to guide you and if necessary find alternative coverage for your home .


Input: What To Do If Your Health Insurance Is Cancelled?

Output: If your health insurance is cancelled you qualify for enrollment into a 2014 plan during this special enrollment period . It 's best to talk with a licensed professional to see if you qualify for tax credits as well . You have a 60 day window to enroll into a plan . Any plans you enroll in will have a start date of the 1st of the month . You want to enroll into a plan before the 15th to have it start the following month . The enrollment dates are from the 16th to the 15th . So if you enroll after the 15th , your coverage starts in about 6 weeks .


Input: What Is Medicare Part E?

Output: I believe what you 're referring to is Plan E - it 's a Medicare supplement plan that used to be available in the Medigap marketplace - in short , it was a Medicare supplement plan that included prescription drug coverage . In June 2010 , rules regarding Medicare supplement plans were restructured and supplement plans could no longer include prescription drug coverage . Therefore , plans E , H , I , and J were no longer available for purchase . To get a similar plan structure today , you need to purchase either a plan F , G , or N -LRB- the most comparable Medigap plans to plan E -RRB- and a stand-alone Part D prescription drug plan . If you have an existing one that was already in force before the changes , you can keep it as Medicare supplement plans are guaranteed renewable .


Input: Does Disability Insurance Pay After Age 65?

Output: It just depends on the type of disability insurance policy that you have . Some policies have a specific time period to pay benefits such as 2-5-10 or 20 years . Other plans pay until age 65 , 67 or 70 years old . You should find the declaration page located within the first few pages of your policy . Look for the benefit period and that information should be found there .


Input: Can A 1099 Employee Get Health Insurance?

Output: Many carriers provide policies for individuals to purchase that are self employed or wish to purchase coverage outside of what their emplyer offfers . I would suggest contacting your local agent if you already have other insurance coverages as they may be able to provide you with information on the plans and carriers that they work with or possibly suggest another local agent to work with to secure coverage .


Input: Can Someone Take Out A Life Insurance Policy On Me?

Output: Yes . But in most cases , you will have to not only be notified , but be a participant in the policy . A participant can be someone who simply signs and authorizes the policy to be written , all the way up to needing a full medical exam . You are not required to allow someone to do so . Children , if under a certain age , may have insurance written on them without them knowing what it is , but typically only by a parent/guardian with some sort of suitability requirement -LRB- s -RRB- . There are other instances , such as divorce judgements from a court which might allow another person to write a policy on you , but each situation is unique .


Input: Can Someone Take Out A Life Insurance Policy On Me?

Output: Someone can take a life insurance policy out on you if : 1 -RRB- you have an insurable interest in their life , and 2 -RRB- you consent to having the policy placed . An insurable interest means that they would be harmed financially if you passed away because you provide for them in some way . People ca n't just pick out someone to insure and try to make a profit off of their death . Consenting to the policy means signing the application , agreeing to have your medical records reviewed if required , doing an exam or phone interview if ordered . Often when someone is taking out a policy on another , they will choose a No Exam policy . But that is totally up to the person being insured and the person taking out the policy , who is usually the policy owner .


Input: What Happens If You Cancel Long Term Care Insurance?

Output: If you cancel long term care insurance , you will no longer have the benefits provided by that policy . Long Term Care premiums have been going up , so if you change your mind and decide to apply for a new policy later , you may find yourself paying a lot more . Your premiums could also be higher on a new policy due to your increased age and/or a decline in health . Sometimes you can reduce your LTCI benefit or make other adjustments to lower the premium . It would be a good idea to look at the options available to you before making the decision to cancel your policy .


Input: Will My Health Insurance Cover Me If I Move?

Output: Your health insurance will cover you if you move , although depending on the type of claim , you should verify that you are being treated by an in-network provider . If you move out-of-state , you may have to apply for another plan . However , you may be entitled to an exception to the Open Enrollment rules , which will allow you to enroll under your new State Exchange .


Input: When Is Open Enrollment For Medigap Policies?

Output: You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . The best overall time to buy will be your initial open enrollment period when you 're new to Medicare and just starting Part B coverage . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . It 's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires , needs , and budget . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Who Needs Long Term Healthcare Insurance?

Output: When you look at the statistics , 1 in 4 will need some form of long term care in their lifetime . If you have any assets that you want to protect then you need to look at long term care . Do n't wait until your health declines , you may not be able to get it if you do .


Input: What Is A Child Rider On A Life Insurance Policy?

Output: A child rider is a term rider that can be added to some life insurance policies at issue for an additional premium . The rider would provide small amounts of death benefit protection on each child of the base policy insured parent for a period of time . Additional features such as conversion may be provided by some insurance companies .


Input: Is Veterans Group Life Insurance A Good Deal?

Output: If you have a health condition that makes it difficult to get life insurance elsewhere , you have recently separated from the service , and are eligible to get Veterans Group Life Insurance -LRB- VGLI -RRB- without having to answer medical questions , I think VGLI is a very good deal . If you are very healthy and able to get similar rates elsewhere , I would advise to lock in your premium for a longer period of time than Veterans Group Life Insurance locks them in . However , since the rate reduction in 2008 , VGLI premiums are good and it may be hard to beat them . You might want to purchase a permanent policy elsewhere along with taking VGLI Term to cover all your life insurance bases .


Input: What All Does Homeowners Insurance Cover?

Output: A homeowners policy is very broad coverage . It covers damage caused by a wide range of perils It covers the residence and any out buildings , the contents of the home and provides additional coverages to take care of the extra expense of living somewhere else while the home is being repaired . It covers the named insured for legal liability arising from property damage and personal injury .


Input: What All Does Homeowners Insurance Cover?

Output: Most standard issue modern Homeowners ' policies these days offer a very broad range of coverage for the dwelling and your personal property as well as liability protection in the event you are held legally liable for injury to another person or damage to another perso n't property . It is best to talk to your insurance professional about the specific terms and conditions of your policy as well as any coverage limitations . Two things that Homeowners Insurance consistently does not cover is damage as a result of earth movement or flood . In many cases , earth movement coverage may be endorsed onto the policy but the only way to get coverage for Flood is by purchasing a separate Flood Insurance Policy .


Input: Does My Homeowners Insurance Go Up If I Rent?

Output: A Homeowners ' Policy specifically is intended to cover homes that are the primary residence i = of the home owner and named insured . Therefore , if you leave your house , buy or rent elsewhere and then rent your home to another party , if there is a claim at your house , that claim could be denied because you do not live there . Your Homeowners coverage would have to be transferred to a `` Dwelling Fire '' form in order to maintain coverage . Some companies offer these with Liability coverage included , others do not . So be sure to check with your insurance professional . Coverage for any personal property which you may own that is still at that house will need to be picked up on the new Dwelling policy because unlike a Homeowners ' policy , the coverage is not automatic .


Input: Does My Homeowners Insurance Go Up If I Rent?

Output: If you are going to rent out your home you need a Dwelling Fire policy , not a homeowners policy . Dwelling Fire policies provide coverage for the structure and liability . You can add personal property coverage but generally most of the personal belongings are the tenants so there 's no need . Some companies require tenants to purchase Renters insurance so check with your insurance company before finalizing your lease .


Input: What Exactly Does Adjustable Life Insurance Mean?

Output: Adjustable life insurance : allows you to adjust the amount of premium you pay and the frequency or length of time you pay it ; enables you to dump in lump sums of premium or take out policy loans ; allows for the adjustment of face amount to suit your needs at any particular time in your life ; and is able to be set up to last a short period of time or for your whole life . Adjustable life insurance , or flexible premium adjustable life insurance , combines features of Term and Whole life . It is most commonly sold as Universal Life Insurance .


Input: What Exactly Does Adjustable Life Insurance Mean?

Output: The life insurance industry lacks some standardization in titling basic forms of life insurance . The term adjustable may simply refer to flexible universal life like current assumption universal life , indexed universal life and variable universal , life insurance . These types of flexible universal life have a set current company practice rates that can allow the policy owner to modify the death benefit or premiums .


Input: Does Health Insurance Pay For Sleep Study?

Output: While you will certainly want to check the details of your specific health insurance policy and I would recommend contacting your insurance carrier 's customer service unit to discuss your coverage for this service and their protocols for what is covered and how treatment is approved , the general answer to your question is `` Yes '' . There can be many causes for sleep problems . Many are often situational and may have to do with stress and anxiety issues that would be more appropriately addressed by other health care providers . But , sleep disorders are not uncommon and prolonged disruption of the normal sleep patterns can have serious health consequences . Getting the correct diagnosis and determination of medical necessity for approval of sleep studies are the critical steps in getting approval for this treatment by your health insurer . So , definitely go through the proper channels starting with your primary care physician and work closely with your health insurance carrier to make sure you get the maximum level of coverage and the appropriate treatment in the correct setting .


Input: Does Health Insurance Pay For Sleep Study?

Output: It will depend on your plan design . It is always a good idea to ask customer service if you 're not sure about a procedure . In many cases you can get preauthorization before a procedure is done to know exactly what will be covered if everything goes off as planned . Speaking from experience , usually a sleep study is ordered when a health condition such as sleep apena is suspected . What the study does is look at how severe the condition is . In some cases , surgery may be suggested over a mask , or given as an option for the insured . When ever you are in this type of situation , for anything involving hosptial or special time , it is wise to contact your insurance carrier and get a customer service person involved . Many plans have special people who help with specific health conditions to make sure any testing is necessary and benefical to the insured . Used properly , these helpers keep insureds from making costly coverage mistakes .


Input: Does Health Insurance Pay For Sleep Study?

Output: Many health insurance plans will pay for a sleep study if your sleep patterns are tied to a covered medical condition . Sleep apnea is a condition that is usually diagnosed via a sleep study . Sleep apnea can be a contributing factor in obesity , memory lapse , depression , persistent sluggishness and heart conditions .


Input: Is Disability Insurance A Tax Deduction?

Output: There are scenarios where a business can deduct disability insurance premiums as operational expense . Keep in mind that deducting the premiums can have two considerations . First you can increase the benefits up to around 80 % of your compensation , but the benefits are taxable as ordinary income at the effective tax bracket rate of the policy beneficiary .


Input: Does Taking Antidepressants Affect Life My Insurance Premiums?

Output: Taking antidepressants does not always affect life insurance rates . Taking one antidepressant medication for mild , controlled , stable depression will still allow you to be rated Preferred with many companies . And you can get No Exam life insurance at that same rate as everyone else . When there is more than one medication taken for depression or other factors indicating more serious depression , your policy may be rated up to a higher premium . If you had a recent hospitalization for depression or are on disability due to depression , you mayneed to get simplified issue life insurance , and those premiums can be rather steep . However , by shopping with an agency that carries many options , you can get affordable life insurance while using antidepressants .


Input: Does Taking Antidepressants Affect Life My Insurance Premiums?

Output: It could cause a rate up depending on the situation . The company would look at the reason for taking the antidepressant . Is it situational or chronic ? What is the dosage ? Have you ever been hospitalized ? Any history of suicide attempts ? Are there any other health issues ? What medication are you taking ? Depending on the answers to these questions you could get anywhere from standard rating to denied and need to go with a guaranteed issue plan . It is best to sit down with an agent who can get the details and do a prescreen based on your situation to find you the best available rate .


Input: Is Auto Insurance Mandatory In Nevada?

Output: Yes auto insurance is mandatory in Nevada . The state of Nevada requires that your minimum liability limits be at least $ 15,000 in personal liability with a $ 30,000 cap and at least $ 10,000 in personal property coverage . Based on these minimums , you 'd be well advised to consider purchasing coverage that is higher than these amounts .


Input: How Quickly Can You Get Car Insurance?

Output: Depending on your circumstances and the type of coverage that you are seeking . You could have an auto insurance policy within minutes up to days depending on the amount of information that you can provide the carrier and your motor vehicle history and your financial stability . The more complex your driving record and your financial history possibly the longer the process .


Input: How Quickly Can You Get Car Insurance?

Output: Getting auto insurance coverage can take as little as a few minutes on up depending on your situation and the information that you have readily available when contacting the agent . When you call a local agent you should at minimum have the names of all to be insured , the drivers license numbers of all to be insured , the vin numbers of all the vehicles to be covered , the dates of birth of all drivers as a start . This is just a start . Contact a local agent to find out all of the information that they require to provide you with a proper quote .


Input: How Quickly Can You Get Car Insurance?

Output: Usually , if you have all driver information , ss , dr license , date of birth , ss number and name of prior insurance company with their policy number and all auto information such as mileage and identifiication serial number AND if you need physical damage coverage -LRB- required by law by banks -RRB- upi will need the vehicles at the agent office for inspection and one adult owner operator . Done in a hour unless you want to talk about your neighbors , ex husband , grand kids , politics or religion then it usually is at least 4 hours to two days


Input: Can I Own More Than One Life Insurance Policy?

Output: Yes , you can own more than one life insurance policy , as long as you qualify financially for the sum total of the life insurance you have . Sometimes different types of policies meet different needs , and it is more economically feasible to carry a variety of products -LRB- e.g. a term policy to cover a mortgage and a whole life policy to cover final expenses -RRB- .


Input: Can I Own More Than One Life Insurance Policy?

Output: Yes , you most definitely can own more than one life insurance policy . The only thing to be careful of , is the death benefits must total no more than would be reasonable for a person with your expected income level . Many of our clients at New York Life hold two , three or even four policies ! Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: How To Figure Out How Much Life Insurance You Need?

Output: Conventional methods center on a capital needs analysis -LRB- how much do I need as a lump sum at my death to create an income for my family -RRB- . Other methods look at Human Life Value and variations on these . Ask a life insurance professional to provide a customized analysis for you and your family . There are a wide variety of online calculators such as this one : WEBSITELINK They can help get your arms around the problem and better prepare you for a planning discussion with your agent .


Input: What Is A Straight Life Variable Annuity?

Output: First , a straight life annuity is most usually set-up on a ` fixed ' basis and not a ` variable ' one . This is especially the case since the intent is usually to give the policyholder or ` annuitant ' an income stream in retirement . A major point is that payments to an annuitant cease when the annuitant dies . The intent of the policy is to give the annuitant steady payments for his or her lifetime . Their is no beneficiary involved . Some policyholders may want to speculate on the amount of regularly scheduled payments by purchasing a variable annuity but most would rather not risk negative investment results , adversely affecting their retirement payments . Therefore , back to the first point : Fixed annuities are more popular than variable ones .


Input: Do Fixed Annuities Have Surrender Charges?

Output: Fixed annuities typically have a schedule in the contract that shows the surrender charges , year-by-year . Depending on the product , the surrender charges decline each year and will go away after a certain number of years . Most annuities will allow you to withdraw up to 10 % each year without any penalty or surrender charge . Annuities can be as short as three years . Money you use to purchase an annuity should be considered committed for that duration in order to take full advantage of the benefits the annuity offers . As always , a knowledgeable agent can be helpful in determining suitability .


Input: Do Fixed Annuities Have Surrender Charges?

Output: That is a great question ! In almost every case , yes they will . The deferred annuities are designed to have that period of time for the money to grow , and removing it early removes that possibility . Since the insurance company is banking upon that money to make their money on , they are going to recoup some of that loss by imposing the surrender fee on you . The fee generally is highest in the first year , and lowers as time goes on . There are also policies that will allow the surrender of the funds without fees , if certain conditions are met , so be sure to ask if your annuity has , or will have a `` bailout '' clause . Please be aware that if there is a reasonable belief that you might have a need for the cash you are investing in an annuity before its maturation date , then it may not be the right investment for you . An investment that costs you money to get your own back is not a suitable one . A good agent will have discussed this thoroughly with you . Thank you for asking !


Input: What Kind Of Damage Does Home Insurance Cover?

Output: Your homeowners policy covers damage caused by specified perils . The policy lists those perils and they almost always include fire , wind , and hail and can include a laundry list of other perils . The key is that the damage must have been sustained by one of those perils . Excluded perils are generally flood and earthquake . Damage that is the result of years of deterioration is not a covered peril .


Input: What Is A Medicare FMO?

Output: A medicare FMO means field marketing organization . When you talk about health insurance sales from medicare advantage plans , supplement plans , and life insurance , these organizations assist insurance agents with marketing to reach the public who needs insurance assistance . FMO provide sales help for any agent that contracted under their organization .


Input: How Much Is Health Insurance In Abu Dhabi?

Output: In order to answer your question some information is required . Are you a citizen of Abu Dhabi or a American citizen working in Abu Dhabi ? There are a number of insurance companies that issue ex-patriot health insurance policies for individuals who travel in foreign countries or work in foreign countries . It is important to understand how long you will be in Abu Dhabi and your age to give you a better asnwer to your question .


Input: What Can I Expect To Pay For Auto Insurance?

Output: Your auto insurance rate depends on many factors , including your age , where you reside , your driving record , your credit -LRB- sometimes -RRB- , the type of car you drive and what safety devices the car has . There are dozens of companies that offer affordable rates so utilizing an experienced broker -LRB- and our websites -RRB- is critical if you hope to find the lowest rates .


Input: How To Annuitize A Variable Annuity?

Output: That is a great question ! Deferred Annuities have two stages to them - an accumulation phase , where the contract accumulates growth , and an annuitization stage , where it begins to pay out , or `` annuitize '' . Your contract should specify how long your accumulation phase lasts , and for how long your payments will last . Eachannuity can vary in what your options are to start your payment streams , so contact your agent and have them review what your contract allows . Generally if you do nothing , they begin to pay out automatically when you hit a specified age . Contact your agent , to be certain that you can begin your payments without any issues , okay ? Thanks for asking !


Input: Can You Add A Driver To Your Car Insurance?

Output: If the person is a resident in your household then typically they can be added to your auto insurance policy if you want them to be added . Having everyone in the household listed on the same policy can potentially save all the persons listed on the policy as opposed to individual policies for all . Contact your local agent to find out about the policies available and pricing for them .


Input: If My Life Insurance Policy Is With Globe, Why Does My Payment Go To CMFG?

Output: I do not know , however , companies occasionally voluntarily sell blocks of business to other companies . That could be the reason . CUNA Mutual Life insurance company might have bought some policies from Globe . Another possibility is that your state insurance commissioner could have directed the sale of some or all of the Globe business in your state for one of several reasons . It would be good for you to determine who is actually responsible to pay the death benefit . Your agent should be able to help you but a call to the help desk at either life insurance company should resolve the issue .


Input: If My Life Insurance Policy Is With Globe, Why Does My Payment Go To CMFG?

Output: That is a great question ! Globe Life is a subsidiary of Torchmark , A Fortune 500 financial services company . they were originally Liberty National Insurance company until 1980 when they acquired Globe Life , and formed the torchmark holding company . My best guess would be that they have a portion of that company that handles their banking , that most likely goes through CUNA , -LRB- Credit Union National Association -RRB- , the marketing group for your mysterious CMFG -LRB- CUNA became CMFG in 2012 -RRB- . Or CMFG bought a part of Globe 's life business , which is a fairly common practice - The big financial companies buy/sell blocks of mortgages and other investments that may include life insurance policies in order to earn more money themselves . It may be that the CMFG people -LRB- who sell services to credit unions and consumers -RRB- bought a chunk of Globes business , with yours in it . I 'd call Globe , or drop them an email to their customer service people and ask them why , and make sure you know who owns your policy , so you know who to contact/collect from . It can be very confusing when high finance starts swapping assets , and we little folk try to keep track ... I had a mortgage that was sold 4 times that I know of ! Good luck , I would n't worry too much , just be sure . Thanks for asking !


Input: If My Life Insurance Policy Is With Globe, Why Does My Payment Go To CMFG?

Output: I could not find any indication that Globe Life is associated with CMFG , but called Globe Life to confirm . Their representative said that if your policy is with Globe Life , your statement should say Globe Life . It may be that you have a policy with `` globe '' in the product title , or got your policy through Global Credit Union ?


Input: Who Offers Renters Insurance In Connecticut?

Output: Many companies offer renters insurance here in Connecticut . When you are shopping , be sure to review the financial standing of the companies you are considering to be sure that they are solid . When working with your insurance professional , consider the value of all of your personal belongings and do n't forget any higher value items that might be better insured specifically under a valuable items rider or separate contract . I recommend choosing the broadest and most comprehensive coverage you can afford , include replacement guarantee provisions , and at least $ 300,000 personal liability . Finally , ask if you can receive discounts by bundling your renters insurance with your car insurance .


Input: Who Offers Renters Insurance In Connecticut?

Output: That is a great question ! You will not have any shortage of companies who would like you to purchase a policy from them . What I 'd tell you to do is find an independent agent -LRB- one not tied to any specific brand name -RRB- and have them do some comparison shopping for you . A bit of advice ? Have them give you quotes with replacement cost also . If you would like to know why , contact me , and I 'll tell you . Thanks for asking !


Input: Does Homeowners Insurance Cover A Death In The Home?

Output: If you are assuming if the homeowner died in the home , he would need life insurance to cover the mortgage/debt on the home through a separate life insurance policy . If a guest came onto the property and died as a result of the use of your residence -LRB- for example if the chandelier fell on them upon entering your home -RRB- , his family/estate could potentially sue you for personal liability claim . Under most homeowners policies you have at least $ 100,000 and it can be increased for a very small premium .


Input: Does Homeowners Insurance Cover A Death In The Home?

Output: If you mean like life insurance would pay a benefit to the beneficiary , then no . Homeowners insurance does not have a specific life insurance deth benefit built into it . Your homeowners insurance may protect you from liability if the cause of death was something related to you home such as a gas leak with your furnace or someone drowned in your swimming pool or something like that .


Input: Can Health Insurance Be Reinstated?

Output: That would be up to the company involved . If your policy has a Grace Period and you are outside of that period a lot will depend on your health . At this time a company still has the right to refuse to reinstate if you are having health issues.That will change January 1st 2014 .


Input: Does Medicare Pay For A Walker?

Output: Yes - Medicare covers walkers under Part B as durable medical equipment -LRB- DME -RRB- when prescribed by your doctor for use in your home . Medicare will generally pay approximately 80 % of the costs - you would be responsible for the other 20 % . A Medicare supplement -LRB- Medigap -RRB- plan can help cover the expenses you 're responsible for paying .


Input: How To Become A Home Insurance Broker?

Output: In order to become an insurance agent you would first need to become licensed . After that you will need to find an insurance carrier or agent who will hire you and train you in the business . After several years if you feel you are up to it you can try going at it on your own .


Input: What Is The Difference Between A Pension And A Retirement Plan?

Output: A pension plan is a retirement plan , generally a defined benefit plan . Most employer sponsored qualified retirement plans are now defined contribution plans where the employees can contribute pretax dollars into their retirement plan and accumulate in those accounts tax deferred . At the time of retirement distributions are taxed as ordinary income .


Input: Do I Need Home Insurance In Florida?

Output: In my opinion everyone should have homeowners or renters insurance . This insurance provides you with money to replace the covered items in the event of a covered lost . It also typically provides liability coverage should someone be injured while on your property or by you when you are away from your property if you are deemed responsible for the damages -LRB- exclusions may apply -RRB- . All policies are written differently so I would suggest contacting a local agent to discuss the coverages available , to ensure that you are covered properly .


Input: How Much Does Term Life Insurance Cost?

Output: It depends on how much you need and for how long you need it . It also depends on your age health and other factors . Term life insurance can cover a temporary need and is very affordable . For example , assuming you are a male age 40 in excellent health and in need of coverage for 30 years , it may be possible to obtain $ 500,000 coverage for a level premium for that duration that amounts to a little more than $ 2 per day . For lifetime coverage that you can not outlive , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . You should meet with a life insurance professional who can assist you .


Input: Does Medicare Cover Biologics?

Output: Biologics refers to a few different things . If you mean , does it cover Vaccines ... the answer is : Medicare Part D - must cover all vaccines that are `` medically necessary to prevent illness '' . There are also vaccines covered under Part B , such as the hepatitis andPneumococal shot . Biologics also refers to Therapeutics - so not sure what exactly you mean . Belinda WEBSITELINK


Input: Why Is Van Insurance Cheaper Than Car?

Output: Among the many factors that go into calculating the rate are the safety of the vehicle and the odds of it being a total loss in event of an accident . Often larger vehicles such as vans or SUVs are less of a risk than smaller cars when it comes to that .


Input: Does Life Insurance Cover Soldiers?

Output: Some life insurance does cover active military but some does not . Many companies wo n't issue a policy to you if you are active duty . Look for companies life the Armed Forces Benefit Association/5-Star Life which specialize in military families . Also the United States Automobile Association/USAA works mainly with military families .


Input: Can I Open A Car Insurance Company?

Output: Check with your state insurance commissioner for guidance in establishing a car insurance company . There will be capital requirements that might stop you from the venture . You may find that laws are more favorable in another state for establishing an insurance company ; however , you still must meet the requirements in the state where you want to operate .


Input: Can You Find An IRA With Life Insurance?

Output: You can not use term or permanent life insurance to fund an IRA . Some qualified plans allow a certain percentage of life insurance in the plan contribution : participating whole life 49.5 % and universal life 25 % . Using life insurance in a qualified plan like this requires specific conditions like substandard ratings , or excess contribution room for additional funding .


Input: Does Renters Insurance Protect Against Theft?

Output: Unless you have a basic fire policy , most renters policies will cover theft . That is why it is a good idea to keep receipts for any large purchases , take pictures and keep an inventory . Keep copies of these in an off premise location such as a relatives home or safety deposit box . It will help if the insurance company questions a claim . Fraudulent theft claims cost insurance companies millions of dollars per year and many are cracking down . By keeping a good inventory , pictures , and receipts you protect yourself .


Input: Does Renters Insurance Protect Against Theft?

Output: Yes , most renters insurance policies do protect against theft of property . However , excessively , or unusually valuable items such as valuable jewelry , expensive instruments , expensive clothing , or valuable antiques should be picked up on an add-on special rider , designed to cover the increased value not covered by the generic renters insurance policy itself . For example , my renters policy does cover my classic guitar , but that guitar is worth a good bit more than what the generic renters policy normally allows for , so I have an add-on rider tailored just to cover that item . These add-ons allow you to tailor the policy to your specific needs , and they are relatively inexpensive . Plus they remove an reasonable doubt about the item covered .


Input: Can You Apply For Disability Insurance While Pregnant?

Output: Since disability insurance pays for time off for pregnancy and childbirth , being pregnant is considered a pre-existing condition and you can not usually apply for disability insurance while pregnant . In my experience , the application is postponed until after the baby is born , but you might be able to modify the policy to exclude pregnancy related disability so that you can go forward with the application .


Input: Is Variable Life Insurance A Good Investment?

Output: If you are a long term investor that understands market risk and policy expense loads , then read on . If you are in a high tax bracket , then you may want to consider Variable universal life -LRB- VUL -RRB- . The design of a VUL as an investment is so critical to potentialperformance , that only professional proposal experts who are wellacquainted with insurance regulations and taxunderstandingshouldillustrate VUL 's . Ifconstructedcorrectly , it maydeliver taxadvantagedmarket returnsover the long haul . Client suitability is paramount . An understanding of risk tolerance is necessary . Be advised ... youcouldlose all your money .


Input: Can You Drive Someone Else's Car Without Insurance In Illinois?

Output: Sure you can , but it is illegal ! In Illinois the car one drives must have liability insurance and have valid proof in the car . The minimum required limits are currently $ 20,000 per accident for injuries caused to one person , $ 40,000 per accident if more than one person is hurt and $ 15,000 for others ' property . You will want considerably higher limits however if you have any assets or income .


Input: Can You Cancel Home Insurance At Any Time?

Output: A homeowners policy can be cancelled at any time . Notify the company or the agent . The company will issue an endorsement that shows that the policy is cancelled . They will send that endorsement to you and to your mortgage company . On the date that the endorsement states , all coverage will cease . If you havent replaced the policy with another , the mortgage company will send you a letter . They can force issue a policy and that is rarely in your best interests .


Input: What Is An Insurance Rider On Life Insurance Policy?

Output: A rider on a policy is for additional coverage and for lower cost which is added to the policy . The rider adds coverage that is excluded in a major policy and is a cost saver . Ex : In life policy there is the child rider which will cover all dependent children in the family no matter bow many from age 0 to 25 with no evidence of insurability . The cost is added to a premium for maybe 5.00 more contrary to insuring them individually .


Input: What Is An Insurance Rider On Life Insurance Policy?

Output: An insurance rider is a way of making your policy more suited to your particular desires , without adding onto the price of the policy for everyone else . E.g. . If your children are all grown , you do not want your policy premium to include coverage for children . But you may want to purchase a rider that would pay your premium if you were to become disabled ; a cost that another person might find frivolous . Riders allow you to tailor your policy to best suit your needs , while keeping it at the lowest possible cost .


Input: What Is An Insurance Rider On Life Insurance Policy?

Output: An Insurance Rider on Life Policies is simply an `` add-on '' to the base policy . For example , the base policy might be a parent who has say a 250k death benefit with a child rider which provides a little coverage for the kids in the family . There are generally several riders available on life insurance policies . They include waiver of premium , unemployment , long-term care , disability , child rider , spousal riders , a variety of accelerated benefits and more depending on the insurance company . Keep in mind , most of these riders add cost to your policy but may provide valuable extra protection .


Input: When To Buy Health Insurance?

Output: You can apply for health insurance during the open enrollment period . For 2014 , the last day to enroll is March 31st . The dates for open enrollment are supposedly going to be different in future years from the first open enrollment period under the new Affordable Care Act system . The proposed enrollment date for 2015 is November 15 , 2014 to January 15 , 2015 , however , this has not yet been finalized and is subject to changes . Each state and insurance company may also have other open enrollment periods available at different times of the year . I highly recommend consulting with an insurance broker regarding your health insurance coverage . They can help determine which health plan is most appropriate for you . If you 'd like some assistance , you can send me a private message on here or through my website , TermInsuranceBrokers.com .


Input: Can I Take Out Life Insurance On Someone Else?

Output: Yes you can take life insurance out on someone else . As Peggy mentioned you need to have an insurable interest in them . In addition you need to their permission to insure them . An exception would be if you were insuring one of your minor children , where you do not need their permission . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can I Take Out Life Insurance On Someone Else?

Output: Yes , you can take out life insurance on someone else if you have insurable interest in that person . That means that there is a financial tie between you . Either you would be hurt financially if they were to pass away -LRB- because they owed you money , because they help support you , etc -RRB- , or you are helping them financially now and life insurance would pay you back for your financial loss upon their death .


Input: What Does Medicare Part D Pay For?

Output: Medicare Part D is your prescription drug plan . It is administered by private insurance companies under the supervision of CMS -LRB- Medicare -RRB- . Medicare sets minimum requirements that all insurance companies must follow . The companies determine which drugs they will include in their Formulary of drugs that they will cover . When you select a prescription drug plan make sure that all of your drugs are covered . Even if you have to pay a little higher premium , the cost of certain drugs can often be far greater than the additional premium to have that drug covered .


Input: What Does Premium Mean In Car Insurance?

Output: When speaking of auto insurance the word `` premium '' typically refers to the amount that an insurance carrier expects a client to pay for an agreed upon amount of insurance coverage for an agreed period of time normally six months or one year . Please contact a local agent to discuss coverage availability and pricing within your geographic location .


Input: Who Can Buy A Life Insurance Policy?

Output: Almost anyone who wants to buy a life insurance policy can do so . If they are buying it for themselves as the insured person , they must have some sort of income or assets to financially qualify for the amount they are purchasing . If owning a policy on someone else , there must be a close family tie or insurable interest . In the US , those buying life insurance must be citizens , have a Green Card , or -LRB- with some companies -RRB- have a work Visa .


Input: How To Choose A Medicare Supplement Plan?

Output: Choosing a Medicare Supplement plan is an important decision and sometimes you can get information over load . All Medicare Supplement plans have a letter like Plan F , etc. . The best first step is to contact an independent agent that specializes in Medicare Supplement -LRB- Medigap -RRB- insurance . That step can save you many , many hours of pulling your hair out and a good one will save you money also . Below are some questions you can ask yourself to prepare : 1 . Is quality of benefits or price more important ? 2 . Do you want to be able to see any doctor you want ? 3 . Do you want to control your unexpected medical expenses ?


Input: How To Choose A Medicare Supplement Plan?

Output: The first thing to keep in mind when it comes to Medicare Supplement plans is that there is a certain number of plans available . Companies can choose which ones to offer -LRB- A , B , C , D , etc -RRB- but the plans are standard for the insurance industry . The insured needs to look at -LRB- 1 -RRB- the company offering the plan because claims will be handled by customer service and you want to be comfortable calling in if you have questions -LRB- 2 -RRB- reputation of insurer , hoping they have a good reputation in the insurance industry and -LRB- 3 -RRB- a good agent who can be a real help if you ever need assistance with your policy . These plans make sense for Medicare recipients to help them control out of pocket costs .


Input: Is Life Insurance Good For Retirement?

Output: With the right company , and whole life building up value , you can actually take money out of your life insurance to support or supplement you during your retirement years . This is tax free , unlike many other programs , and still provides with you some death benefit , depending on the face value and amount of retirement funds you desire . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Call me . Thank you .


Input: Is Life Insurance Good For Retirement?

Output: Yes , life insurance can be a very good resource during retirement . Indexed Universal Life is one product that can be funded to provide supplemental income with favorable tax treatment during retirement . Life insurance owned by retired persons can also be used for final expense needs , estate taxes , or passing an inheritance to children or grandchildren .


Input: What Are The Pros And Cons Of A Fixed Annuity?

Output: Fixed annuities are similar to CDs in the sense that they pay guaranteed interest rates . The advantages are that fixed annuities typically pay interest rates considerably higher than bank CDs . Insurance companies also have tougher financial standards to meet for cash reserves than banks which can make them more secure in the eyes of a consumer . There are several different types of fixed annuities but they fall into two main categories immediate and deferred . Immediate annuities make a fixed payment determined by how much money you put into the annuity and your age . Deferred annuities accumulate interest and offer different payout strategies later in life . The longer you wait to initiate payout , the larger the payout each year . Many retirees are using deferred annuities as part of their retirement income strategy because it is guaranteed income for either a specific period or a lifetime stream of income . You can choose options like single life payout or joint life payout . If this sounds familiar , it is essentially like setting up your own personal retirement pension . The biggest concern from most folks heading into retirement is that they will run out of money before they die . Fixed annuities can help remove that concern as they can help avoid the ups and downs of a volatile stock market . Other advantages of a fixed annuity include a low investment limits . There are many companies that have minimums of just a few thousand dollars . The interest paid as your annuity grows in value is also tax deferred until you pull the money out . The biggest drawback of a fixed annuity is cash liquidity . Lets say you put in $ 100,000 and intend to begin taking lifetime income seven or ten years later but two years into that period , you changed your mind and want to withdraw your money . Just like with a bank CD , there will be a consequence for early withdrawal . This surrender charge can be significant . Whats the reason for the surrender charge ? The insurance company has taken your money along with thousands of other folks money and invested it in long term financial vehicles based on your initial commitment and now youre asking them to bust your money out because of your personal situation and that costs them money . The solution : Only put money in a fixed annuity that you are certain can be left alone to complete the strategy you set out on . Most fixed annuities do not have inflation adjustments . The spending power of a monthly payment over time will erode based on inflation and that needs to be taken into consideration . There are fixed annuities with inflation protection available at an additional cost . You can also use a laddered approach with multiple annuities to combat inflation concerns during retirement . If your own a single-life annuity and you begin receiving income and then die a year or two later , depending on the contract , payments could cease . The guaranteed payout in a situation like this varies significantly from product to product and this should be of primary concern when evaluating which annuity product or company best meets your individual needs . The best way to avoid this risk is to consider a joint-life annuity . Of course , there are many different types of fixed annuities and you need to consult with a qualified retirement income adviser in order to determine which type of fixed annuity fits your particular situation .


Input: What Are The Pros And Cons Of A Fixed Annuity?

Output: Its a matter of your risk appetite . The stock market has average over 7 Percent since its inception . Your first thought is fixed annuity does not make sense . However now add in the thought of losing 55 % percent of your portfolio like the crash in 2008 . Now the fixed rate would not have lost any principle . Ask yourself do you have the stomach for a fixed rate or the movement of non fixed instrument .


Input: Does Auto Insurance Cover Vet Bills?

Output: That depends on your insurance policy . Some company 's provide a limited amount of coverage for any animal riding in the vehicle and the vehicle experiences a covered loss . There are company 's that are providing pet coverage as a standalone policy or as a rider . Contact your local agent to find out if your current carrier offers this coverage .


Input: Who Can Get Medigap?

Output: Any Medicare Beneficiary who has Original Medicare , with both Part A & Part B Active . The best time to purchase a Medigap Policy -LSB- also known as Medicare Supplement -RSB- is during your initial 6-month Medigap open enrollment period , because you can buy any Medigap policy sold in your state , even if you have health problems . You can also buy during the Open Enrollment -LSB- October 15-December 7 -RSB- . Medigap insurance companies are generally allowed to use medical underwriting to decide whether to accept your application and how much to charge you for the Medigap policy . There are several Medical Guarantee Issue Rights that will allow you to purchase a Medigap policy without underwriting questions affecting the outcome . I can provide a list if you are interested .


Input: Is My Spouse Eligible For Medicare?

Output: If you are receiving Medicare and your spouse turns 65 , he/she can go on Medicare even if they have not paid Medicare taxes the required 40 quarters , due to being a stay at home worker or some other reason . If you have paid into Medicare but are not yet on Medicare , your spouse has not paid into Medicare , and your spouse turns 65 , he/she can receive Medicare if you are age 62 or older .


Input: What Are Commercial Annuities?

Output: Commercial Annuities are contracts between an individual and a company that sells annuity products . The businesses that sell them are insurance companies or banks . Commercial annuities can pay a higher interest rate than other annuities . Because of this , the income that is received when drawing payments from the annuity have different tax implications than other annuities .


Input: What Questions Should I Ask When Buying Life Insurance?

Output: There are definitely some questions you need to ask whenever you are shopping for life insurance . The answers to these questions should help you to consider which direction to take in your purchase ; 1 -RRB- Begin with telling the agent exactly what you need the life insurance to do . This way you can let them know that you know what you are looking for and need guidance on the vehicle best suited to get you to your destination . 2 -RRB- Does this policy accumulate cash vale ? You may or may not have a need for cash value but you certainly want to know if it is building cash value up . 3 -RRB- How long can the insurance company contest this policy ? There is a period of time with insurance policies where they can be contested for accuracy in the information given at time of application . 4 -RRB- Does this policy carry any loan provisions ? Can you borrow against it ? 5 -RRB- Can I add riders to it for my family members instead of getting them separate policies ? 6 -RRB- What is your company 's claim paying status ? Does this company pay its claims in a timely fashion ? 7 -RRB- Who will be my agent ? Many agents only sell a policy and then disappear within a few months . If you have a problem with your policy there is no agent to help you and you are forced to deal strictly with customer service . If possible , always insist on having an agent .


Input: What Questions Should I Ask When Buying Life Insurance?

Output: In addition to getting any advice you need about the amount and type of coverage , you should ask the following about most types of policies : 1 -RRB- Does the policy cover * death by any reason ? -LRB- in other words , do n't be fooled into buying Accidental Death insurance when you think you are buying Life insurance -RRB- 2 -RRB- Does the death benefit pay 100 % from day one for * death by any reason ? -LRB- vs a graded benefit , that pays a reduced benefit in the first years -RRB- 3 -RRB- Is the premium guaranteed not to go up for x number of years ? 4 -RRB- What is the life insurance company rated ? These questions should help you get a secure policy that will pay out for the intention it was purchased . * Excludes suicide in fist two years


Input: What Questions Should I Ask When Buying Life Insurance?

Output: Questions to ask is if I die what will my family need to continue without me being able to provide an income . You have to consider the long term impact of a sudden loss of income in thefamilyand how the family will continue on without you . Talk to a life agent to help you calculate your need .


Input: What Is Modified Term Life Insurance?

Output: Modified Term Life Insurance is a term policy in which the premiums will go up over time , or the face amount will decrease over time . If you only need a large amount of life insurance during the first part of the policy , a modified plan could be a suitable option .


Input: How Often Will Medicare Pay For A Physical?

Output: In the first 12 months that you have part B , you can get a Welcome to Medicare preventive visit at no cost to you providing the provider accepts Medicare assignments , be sure you tell the doctors office that you want to schedule your Welcome to Medicare Preventive visit . You can also receive an annual Wellness visit to develop or update your personal health history . However , these visits are not as thorough as the Welcome to Medicare visit . Here again , you pay nothing for the yearly Wellness visit if the doctor or provider accepts Medicare assignments .


Input: How Often Will Medicare Pay For A Physical?

Output: Medicare does not pay for physicals unless they are for a specific complaint . The `` Welcome to Medicare '' exam is the only thorough exam provided at no cost , but it is a one time thing , and does not include blood testing unless warranted . Annual Wellness visits are provided at no cost . However , these are not nearly as thorough as a routine physical exams .


Input: Is Kaiser A Good Health Insurance?

Output: Speaking from experience , I like Kaiser . I like the ability to walk into one facility and get all my needs met . That said , I know of people who have had bad experiences with Kaiser so it really is about what do you want in a medical facility or doctor .


Input: Does Skydiving Void Life Insurance?

Output: If you did not have plans to take up skydiving when you filled out your life insurance application , skydiving years later would not void your policy . If you were a skydiver when you purchased your policy and disclosed that when asked -LRB- either in person on the application -RRB- , then your policy will cover you .


Input: Does Skydiving Void Life Insurance?

Output: It depends . If your life insurance application has a question regarding sky diving and you answer no to that question even though you skydive , and you die within two years , of a skydiving accident , the policy would not pay . If you have had the policy for a while and decide you want to skydive and are killed the policy would pay , unless there is a specific exclusion in your policy , since there was no fraud on the application .


Input: Is Renters Insurance The Same As Personal Property Insurance?

Output: Renters insurance does indeed cover your personal property . However , there are many other components of a renter 's policy . For example , in the event of a covered claim -LRB- fire or tornado are two common ones -RRB- , your living expenses away from your house or apartment will be covered -LRB- subject to policy limits -RRB- . So , semantically , they are nearly the same , but there are differences in the specific benefits .