Input: Does Life Insurance Require A Blood Test?

Output: A life insurance company tries to determine which applicants qualify for standard or preferred rates . There are many tools available and a blood panel was used by many insurers for a long time . There are other screening tools that are effective and less expensive so the blood panel is not required as often as before . Today the list of medications that you provide the insurance company can tell them a great deal about your medical history . You would be amazed at what they can uncover . The main objection to the blood panel is the discomfort and the requirement for a paramedic . These techniques are still used when the amount of insurance and age of the proposed insured indicate that it is needed .


Input: Does Life Insurance Require A Blood Test?

Output: Underwriting to obtain life insurance may require a small blood draw for testing , but that is only on the original application . Guaranteed acceptance and usually smaller benefit policies do not require blood or urine samples . The greater the risk to the insurance company , that is the more benefit amount applied for , the more underwriting requirements there are including blood and urine samples and possibly an EKG . Age also plays into it .


Input: Does Life Insurance Require A Blood Test?

Output: As Larry said it depends on face and age mostly . Each company has it 's own rules . Off the top of my head I can think of one company that goes to $ 450,000 with only a cheek swab instead of blood no exam . I can think of another company that goes to $ 250,000 up to age 60 with no blood or physical exam . However , just about all of the companies can request one during the underwriting process .


Input: Does Churchill Home Insurance Cover Mobile Phones?

Output: Not familiar with them . You would have to check with your agent . However , when you activate a new phone , you are eligible through a preferred provider of your carrier to add insurance . Somethings to consider when you get a new phone , add the insurance at point of sale . Cost ranges from $ 5 a month to $ 10 a month . Remember , the cost of the phone at retail is anywhere from $ 500 to $ 700 . Most carriers have a deductible of about $ 150 . So it would take almost 3 years to hit the break even point . Hope this helps .


Input: What Is The Best Life Insurance Policy For Children?

Output: Getting a child Whole Life Insurance gets them insurance that can be theirs all their lives , regardless of their future health , or whether they even become uninsurable . And at their age , the cost is so low , it makes a perfect gift from a grandparent or certainly their parents . New York Life is advertising their Grand Parent Gifting Program this time of year . It sure beats video games . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: What Is The Best Life Insurance Policy For Children?

Output: There are different views as to what the best life insurance is for children . If you have more than one minor child , getting a child rider on the parent 's policy is a very low price way of covering your children . If they develop a health condition , they will be able to convert their policy to a permanent policy of approx 5 times the value of the rider when they become an adult . If they stay healthy , they can purchase a permanent policy on their own , at a competitive price , when they become adults . Some parents prefer to purchase permanent policies for their children while they are young , and then give them that policy , all paid up , when they become adults . Either way , getting life insurance on your children ensures that they will be able to have affordable coverage as adults , in addition to providing protection if there was a tragedy while they are young .


Input: How Much Should Insurance Cost On A Home?

Output: There are a number of variables that determine the price of a homeowner 's policy . The cost of rebuilding the home is important , as is the location of the property . There is a list of additional coverages and limits that can be selected and this should be done with the assistance of an agent that understands your property and you .


Input: How Does Home Fire Insurance Work?

Output: Home fire insurance works on the basis of shared risk . An insurance company brings together people with similar risks so that they can share losses if there are any . Since such a group would have houses of different values , locations , and exposures , the company uses statistics and experience to develop rates that would apportion the risk to the various houses . If in a particular pool the total exposure or risk is $ 1 billion dollars , your portion of the actual risk might be only $ 700 .


Input: Who Pays For Medigap Insurance?

Output: Medigap is health insurance sold by private insurance companies . When you have Medigap insurance , you are responsible for paying the the insurance company a monthly premium for your policy . As long as you pay your monthly premium , your Medigap policy is guaranteed renewable -- even if you have health problems . Different insurance companies charge different premiums for the same exact standardized plans . It 's always a great idea to compare a Medigap Plan from one company with the same lettered Medigap Plan with another company . An independent agent specializing in Medicare Supplement insurance , can provide you with quotes in just a matter of minutes . Please feel free to contact me if I can assist you with your specific situation .


Input: Who Do Annuities Make Sense For?

Output: Annuities make sense in a number of situations . The basic need that an annuity addresses is lifetime income . If you have an amount of money and that money must last the rest of your life , an annuity might provide a suitable return . Annuities are often used to accumulate money without incurring current income tax obligations .


Input: Who Do Annuities Make Sense For?

Output: Tax deferred annuities have three crediting methods : interest rate crediting , indexed crediting and separate sub account crediting or debiting , i.e. you can lose money . So each crediting method may dictate the product suitability for the type of tax deferred annuity a long term / high tax bracket saver or investor might consider .


Input: How Long Does A Life Insurance Application Take?

Output: Filling out the life insurance application itself takes about 30 minutes for a medically underwritten policy -LRB- one that requires a paramed exam -RRB- . Having your drivers license , the date of birth and possibly Social Security numbers of your beneficiaries , and all your doctors ' information on hand will save time in filling it out . Once the application is submitted , you will take your free exam in your home or other place of your choice . Sometimes medical records are ordered . The time it takes complete the process depends partly on how quickly you take your exam and how quickly records are obtained . If you apply for a policy without an exam , the policy is issued much more quickly .


Input: How Long Does A Life Insurance Application Take?

Output: A life insurance application can be completed much quicker than you may realize . There ae specific policies that can be almost instantaneously approved . Other types of coverage may require more extensive underwriting and could take longer . As an experienced licensed and registered broker , our job is to not only find the best rates for you , but to also simplify the underwriting process and make applying for coverage a very easy and quick process .


Input: How Long Does A Life Insurance Application Take?

Output: With simplified issue life insurance you get your approval right when you do the application with many companies . This is the type of whole-life insurance that many seniors over age 50 purchase on amounts of $ 25,000 or less . The agent that you meet with will do the initial screening and then you call in to the life insurance company for a phone interview . At the end of the phone interview you are approved or declined and if you want to write a check for your first premium , you are covered right then . For life insurance in larger amounts , they will do much more extensive underwriting . Your application will have many more health questions and you will likely have to take a physical exam . The insurance company may order records from your doctor 's office and that can take over a month depending on fast your doctor 's office responds . So one to two months would be average for fully-underwritten life insurance . And for simplified issue it could be right within the meeting with your insurance agent . The more extensive underwriting will usually get you a better rate per thousand if you are healthy and buying more than $ 25,000 of coverage .


Input: Can You Tax Your Car Without Insurance Documents?

Output: Most states require documentation showing active insurance coverage before they will renew a registration . If you do not have your information , you can contact your insurance company to receive duplicates . Some companies even allow you to print insurance cards through your online account . Insurance companies are required to report insured individuals to the states , but the local DMV may not have access to that information . If you do not have car insurance , you can normally pay the taxes due , but you can not register the car for the next year . A minimum amount of car insurance is a requirement . Most insurance companies can provide new insurance cards on the day you get a new insurance policy .


Input: What Is The Difference Between Pmi And Homeowners Insurance?

Output: PMI is often charged if you put less than 20 % -LRB- approximately -RRB- down for your house purchase . The risk of default is higher when you do n't put at least that amount down . Homeowner 's insurance covers your home in the event of a covered loss such as fire , theft , vandalism or hail .


Input: Does Whole Life Insurance Have Any Cash Value?

Output: Whole life insurance builds cash value . Cash value in life insurance helps make lifetime death benefit protection affordable and premiums level . It represents an asset to the policy owner which may be used as a source of collateral or for policy loans should that become a necessity . At death , the policy will pay tax free proceeds to the beneficiary at an amount far in excess of the cash value . If the policy cash values are removed during lifetime , it will impact the future performance of the policy and such actions should be carefully managed and monitored to ensure there are no unintended consequences .


Input: Does Whole Life Insurance Have Any Cash Value?

Output: Whole life insurance can accumulate cash values . Participating whole life can accumulate additional cash values if thepolicyis designed with amaximumterm rider and a paid up additions rider . This tactic could be part of a long termstrategyfor savers.Dividendsup to basis can be withdrawn tax free and policy gains through policy loans . Keep in mind that policy loans charge use a spread loan interest rate and afewcompanies use a more expensive , direct recognition policy loans . The big caveat here is that the policy must be kept in force for the life of the insured . If the policy was surrendered , all gain in the policy via loans , distributed and internal , would be subject to ordinary income tax .


Input: How Is Obamacare Different From Car Insurance?

Output: Both Obamacare and car insurance are mandatory , but there is a big difference in how the mandates get enforced . The Affordable Care Act enforces the mandate through a fee which is collected by the IRS . State and local jurisdictions can enforce the mandate for car insurance through traffic fines . A police officer will routinely ask a motorist for their driver 's license and insurance card .


Input: How Is Obamacare Different From Car Insurance?

Output: That is an interesting question ! I guess the biggest difference -LRB- other than health insurance and car insurance being apples and oranges -RRB- is that the Affordable Care Act -LRB- Obamacare -RRB- helps pay for your policy if you qualify , and there is no such help with your auto insurance . Auto insurance also is a reactive insurance , generally only used after an event has occurred , while health insurance can be used proactively , utilizing checkups and screenings to prevent the need for a large claim down the road . Thanks for asking !


Input: How Is Obamacare Different From Car Insurance?

Output: Obamacare is designed to help Americans purchase insurance to help pay their medical bills , whereas car insurance is designed to cover your automobile and , in some cases , other bills that may be associated with car accidents . This is a very interesting question , as most people will agree that it is ok for an auto insurance company to charge more to someone that is a greater risk -LRB- such as someone with three wrecks in the past year , or four DUIs in their life -RRB- . For some reason , when it comes to health insurance , many people , including our President , do not find this same practice to be fair .


Input: How Is Obamacare Different From Car Insurance?

Output: Well , I would say the biggest difference is that ObamaCare is -LRB- supposedly -RRB- about health insurance for human beings -LRB- supposedly U.S. citizens and legal alien residents -RRB- . While auto insurance is about protecting a physical piece of property , your car , and just coincidentally it will probably include some liability coverage and perhaps coverage for medical care resulting from an auto accident . So , unless you are prone to dents and the possible need for a paint job I 'd recommend the health insurance -LRB- ObamaCare -RRB- for you if you are a human being . If they finally have produced a car intelligent enough to inquire about its insurance needs -LRB- and these days who can tell ? -RRB- then the machine will probably want to go with the auto insurance .


Input: Cyst Removal Is It Covered By Medicare?

Output: If a surgical procedure is deemed medically necessary by a physician , it would be covered under Medicare - the same would go for the removal of a cyst . If the cyst removal is being considered for cosmetic purposes only , Medicare may not cover it and you could be subject to paying for it out of pocket . I would recommend contacting Medicare to confirm whether your specific situation would be covered .


Input: Does Medicare Cover Blood Transfusions?

Output: Medicare Part A covers blood transfusions administered as an inpatient in a hospital or including skilled nursing facility -LRB- SKF -RRB- . Blood transfusions are covered under Part B if the transfusion is administered on an outpatient basis . You have a `` blood deductible '' under Medicare . Medicare does not cover your first 3 pints in a calendar year .


Input: How Much Would Car Insurance Cost For A Ford Mustang?

Output: In order to answer that question an agent would need to know the year , make and model of the Mustang . The coverage 's desired . Who is the driver or drivers which would include date of birth and drivers license number . After obtaining this information a quote can be obtained . I do n't have to state the obvious but a base model Mustang and a Salene Mustang will have completely different rates . Also a 50 yr old driver vs. a 20 year old driver will have a difference in rate not to mention the driving record .


Input: How Does Life Insurance Work As An Investment?

Output: Life Insurance works as an investment by using the excess premiums you put in , after the cost of insurance and other internal costs are paid for . This excess premium is credited interest either by an internal account or via an index if the life insurance is an equity indexed universal life or whole life policy . You get the benefit of compounding interest and tax deferral or tax free income depending on how you take the money out of the policy and the status of the policy ie. , is it lapsed or not . This is a `` cliff-notes '' version for you . Reach out to your broker/agent to get an illustration to see examples of possibilities . Keep in mind , I do not recommend using this for 100 % of your investments however to use this as a supplemental investment .


Input: How Does Life Insurance Work As An Investment?

Output: I am going to answer this question as someone who sells whole life and universal life only . I do not sell variable life insurance , which is typically considered an investment . First of all , I think the word `` investment '' does not really apply to life insurance , regardless of the type of product . This is because life insurance is first and foremost intended to provide a benefit to survivors . Any cash it develops is nice to have , but it is secondary . The first priority in buying life insurance should be getting the most attractive premium for the entire time you need coverage . Even with very aggressive underwriting , that cost can be higher than the costs associated with conventional investment products . Now , life insurance does have specific tax advantages . These include tax-deferred cash accumulation , and income-tax free benefits . You should speak with your tax advisor for more details . If the insured is young enough , and qualifies for a low enough rate , and is in a high-enough tax bracket , then the cost of his life insurance might be lower than the taxes he would pay on an investment outside life insurance . Here life insurance may be considered a smart `` investment . '' In most other cases , life insurance would not be a smart investment . But , with a strong product from a strong company , the guaranteed cash value in a whole life or universal life product could be significant . You could get more bang for your buck inside life insurance that you would from a standard conservative investment . For that reason , people do use life insurance as the guaranteed or conservative part of their financial portfolio .


Input: How Does Life Insurance Work As An Investment?

Output: Life insurance is a very conservative investment . The gain in a life insurance policy is tax deferred . The proceeds -LRB- death benefit -RRB- are given to the beneficiary income tax free . It is the tax advantages that are particularly attractive and the fact that it is self-completing make life insurance the backbone of any sound portfolio .


Input: How Long Will Disability Insurance Pay?

Output: Disability insurance will pay benefits to the disabled person according to the terms of the policy that was purchased . The `` elimination period '' determines at what point payments start . This may be a few months to a year after the disability occurs . The duration of the plan dictates how long the Disability Insurance pays . This may be a few years all the way to age 65 .


Input: What Happens If I Don't Have Life Insurance When I Die?

Output: No one can speak for you , because every person 's situation is different . Some people are very disciplined in saving and investing money , and are blessed to not have to dip into it for medical bills or long term care needs before they die . Not having life insurance upon their death does not pose a problem , except that the money may be tied up in the estate -LRB- life insurance usually bypasses probate -RRB- . On the other extreme , I have had several clients who had to contribute to the funeral of a family member , one for an uncle she did n't even like ! Not having life insurance when you die can wreak much stress upon already traumatized family members and businesses . You need to look at your situation and determine what your obligation is to those you leave behind , or the message you would like to leave them .


Input: What Happens If I Don't Have Life Insurance When I Die?

Output: Dying without life insurance can place your family , business partners and the charities you depend on you at financial risk . Most Americans have financial liabilities , future obligations and charitable intent . And most of us at least have family members who would suffer financially at our demise . That being true for most of us , life insurance is a stewardship issue , a part of defensive financial planning .


Input: How To Find Health Insurance Quotes?

Output: The best way to find health insurance quotes is through an independent agent . They will be able to save you a lot of time and give you unbiased advice on which plans that would meet your needs . Several independent agents even have websites that you can start by running a health insurance quote online . A good website would show you health insurance plans from several carriers and give you contact information to follow up with an experienced health insurance agent . You can run quotes on our website for health insurance and for Medicare supplement plans . If looking for under age 65 health insurance plans click on `` other '' or give us a call .


Input: Can I Get Life Insurance If I Have Hepatitis C?

Output: That will depend on the company that you are trying to purchase life insurance through and the type of policy that you are trying to get . You will more than likely pay a higher premium due to the illness . The best recommendation that I can give is call your local agent and discuss your situation with them and they will be able to direct you to the policy that best fits your needs .


Input: Can I Get Life Insurance If I Have Hepatitis C?

Output: The rating you get when applying for life insurance while having Hepatitis B or Hepatitis C depends on a number of factors . Have you had a liver biopsy ? If so , did it show fibrosis or cirrhosis ? Did you try treatment ? If so , was it successful ? What are your liver lab values ? These and other questions make a big difference in whether you can get q medically underwritten policy , and what you will be rated . If you are unable to get a medically underwritten policy , there are a number of No Exam policies that cover Hep C. Find an agency that specializes in impaired risk to help you sort through the choices and find one that works for you .


Input: Can I Get Life Insurance If I Have Hepatitis C?

Output: Yes , there are life insurance policies that nearly everyone with Hepatitis C can get . The type of policy , and the price , will depend on the medical details . Having normal liver lab values and an undamaged liver as evidenced by biopsy are helpful in getting a medically underwritten policy . There will usually be a small table rating for the best cases , unless there was successful treatment eradicating the virus , then there may be no table rating added . Hepatitis C is very difficult to assess without being a medical professional and without medical records . So completing an application for an `` informal '' offer is a good idea for large cases . For small cases , there are simplified issue policies that most people can get if their Hepatitis C does not fit the criteria to get a policy requiring an exam .


Input: What Is The Best Part D Medicare Plans?

Output: Medicare Part D has a lot of moving parts . Each plan is different , often within a state , and can vary in price or benefit by zip code . In Georgia there are over 40 different Part D drug plans . Prices range from $ 15 to over $ 100 . The plan that covers most or all of your medications under the formulary for the lowest annual cost is probably the one that is best for you .


Input: What Does A Health Insurance Broker Do?

Output: What does n't a health insurance broker . To put it simply we interact with all of the different elements in health insurance , clients , carriers , and doctors . We are an advocate for our client first . We will evaluate plan structure and cost , communication to employees , paperwork to and from the carriers , answer HR questions on regulations , resolve claim issues with employees , and make sure everything goes smoothly . We can add to this but this is a short definition .


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

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


Input: What Type Of Water Damage Is Covered By Homeowners Insurance?

Output: Not all ! Accidental discharge of water and its attendant damages is normally covered . This means when there is an accidental discharge of liquids or steam from the plumbing , heating or air-conditionaing the loss is a covered loss . It is very important to understand what is not covered . Flood is one of the most common causes of loss in the US and the homeowner 's policy does not cover it . Water back up such as from a blocked sewer line is not a covered loss -LRB- some companies offer the coverage as an option . -RRB- When there is repeated or continuous seepage or leakage from a system in the house that is not covered .


Input: What Type Of Water Damage Is Covered By Homeowners Insurance?

Output: Water can be a major headache and also quite damaging to your property . In general , water damage that is weather related , oter than flood , is covered under a homeowners policy . Here in CT and throughout many northern states , we are unfortunately dealing with severe `` ice damming '' on residential and commercial property rooves . This causes water from melted ice to be forced up under roofing material which then can leak into the building . This causes some major damage to inside walls , flooring etc. . This type of loss is covered . Water that is suddenly dischargesd as a result of a burst pipe , for example is also usually covered . Talk to your insurance professional about your policy and ask about any specific coverage limitations .


Input: How Long Does It Take To Settle Renters Insurance Claims?

Output: If I had to guess on how long it takes to receive a check on a renter 's loss , I would say a good average would be 30 days . Property insurance policies , like a `` Renter 's '' policy usually have an entire section -LRB- that no one reads -RRB- outlining what you as the insured must do following a loss . Generally you have the obligation to notify the insurer promptly and submit a written summary of the items that were lost or damaged , how and when they were acquired , the cost to repair or replace them and their current value.Some claim adjusters may help you in this process , but it is your responsibility and not much happens before it has been completed . Once this `` list '' is prepared AND accepted by the insurer , policies usually state how many days the insurer has to pay you . In practice , however , I would say checks are received within a week or two AFTER your proof of loss is ACCEPTED . I would however expect insurers to question the value certain items , request additional documentation or require proof of purchase on higher valued items . I would also caution insurance consumers to make sure these lists are accurate . Entire claims can be denied because lists -LRB- proofs of loss -RRB- contain information that is questioned and found to be false . Like I had a 52 inch HD TV when it was actually an 18 inch portable you bought at a tag sale . In a serious loss such as a fire or storm loss , insurers often advance partial payments to cover the replacement of necessities or temporary living expenses until the more formal claim process is completed .


Input: Approximately How Much Does Renters Insurance Cost?

Output: Renters Insurance is one of the most cost effective insurance plans available . Typical policies that my agency writes are in the $ 12 to $ 15 per month range . There are several factors that can increase or decrease a policy premium , such as the amount of personal property coverage required , if the applicant is a smoker or not , if the applicant owns specific animal breeds , if there is a swimming pool and if it is fenced or not , the claims history of the applicant , and several other factors . There are also a wide range of discounts that can be applied depending on how many policies the insured has with the same insurance company -LRB- auto , home , life , business , etc. -RRB- , in some cases the education and/or employment type can also generate a discount . I highly recommend obtaining at least 2 or 3 quotes , and not just purchasing based on the lowest price . Make sure you understand what youare purchasing and how the coverage works against the other policies . Just because one policy is less expensive than another does n't mean it is a better purchase .


Input: How Much Is Life Insurance For A 30 Year Old?

Output: A 30 year old male nonsmoking with super preferred health covering $ 100,000 of ten year term life insurance is around $ 85 annually with one of the leading life insurance companies . A permanent universal life insurance policy for the same proposed insured is around $ 377 annually with one of the leading life insurance companies . Always check the rate quoted by any online life insurance service to confirm the cost before moving forward .


Input: How Much Is Life Insurance For A 30 Year Old?

Output: There are a lot of factors that determine how much life insurance a person needs , but you can boil them down to four main areas : Loans/mortgages , income loss , final expenses , and education . Each person deserves to have a tailored solution created just for them to determine how much life insurance they truly need . At 30 years old , it 's possible that many of life 's achievements have n't been realized yet , so I commend you on planning for this now . My best answer for your situation is to consult with an insurance advisor to determine your true level of need right now .


Input: How To Cash Out A Universal Life Insurance Policy?

Output: There is generally a form for the policyowner to complete to cash out a policy . Your agent or the carrier -LRB- generally a representative in the policyholders ' department -RRB- can send you this form . The exact requirements may vary by company . Before cashing out a policy , you want to find out whether or not there are any remaining surrender charges left on the policy . Cashing out a policy may not always be the best course of action - talk to your agent before taking any actions to make sure cashing out the policy is the best option for you .


Input: How To Cash Out A Universal Life Insurance Policy?

Output: I 'd contact your agent first - his name and number will be on your policy somewhere , and then look at a couple of things - how much is the surrender value ? What if anything , will it cost me to surrender it ? and will there be tax consequences if I surrender it ? I 'd also want to know your reason for surrendering the policy - if it is a problem with making payments , you may be able to reduce the coverage and then premiums to be affordable again ; if it 's for some quick cash , maybe a policy loan is an idea to consider , and if it is to close it out and reinvest that cash somewhere else , then that 's something I 'd look at closely also . I hope that helps , if you 'd like more details , contact me , I 'd be happy to go over this in more depth with you ! Great question , thanks for asking !


Input: How To Plan For Retirement Late In Life?

Output: The first thing to do is plan on working until 70 , when youre forced to take required minimum distributions from a qualified plan . Dont have a qualified plan ? If youre in a high tax bracket contribute to a tax deductible IRA . If youre in a low tax bracket contribute to a Roth IRA . Wait unit age 70 to maximize your Social Security benefits .


Input: How Long Can Children Be On Parents Auto Insurance?

Output: Based on my education and experience in the industry thus far a child can remain under a parents auto insurance policy as long as their place of residence is the same as the parents . Children away at college are still considered part of the parents household by insurance carriers typically until their schooling is done .


Input: Does Medicare Pay For Ambulance Rides?

Output: Medicare will cover ambulance transport when your situation is considered medically necessary and any other form of transportation would be a danger to your health . Medicare will only cover the cost of transport to the closest facility that is able to treat your condition . Be aware that non-par providers are allowed to balance bill above the Medicare allowance .


Input: Who Is Private Health Insurance Available To?

Output: Private health insurance is available to ... Just about everyone ! Starting with Open Enrollments in October , medical conditions will not be considered when underwriting an application for medical coverage . Individuals , families and businesses can find affordable health insurance from top-rated carriers . Our job , as experienced brokers , is to shop for you , and show you comparisons of the best options and help you understand your coverage and ensure you are receiving a federal tax subsidy -LRB- if applicable -RRB- .


Input: What Is The Replacement Rule In Life Insurance?

Output: Every life insurance company requires notification of the replacement a life insurance policy . If the policy has cash values or the replacing agent wants to transfer the basis of the policy to the new policy , a 1035 exchange form will also be required . The rules of engagement are stringent . Borrowing cash values to fund a new policy could be construed as replacement . Lowering the death benefit of an existing policy while keeping the policy in force , may be interpreted as replacement if new coverage is added to a new policy . The department of insurance in most states will respond to companycomplaintsof agents not following the rules .


Input: What Is The Replacement Rule In Life Insurance?

Output: There is no one replacement rule in life insurance , but there are some replacement guidelines and explanations . Here are a few : 1 -RRB- If you replace a policy , you should understand what you are giving up in your old policy and/or gaining in your new policy . 2 -RRB- Whether or not you make the replacement is up to you to do . The insurance company for your new policy does not have the authority to terminate your old policy . The only time it might do so is if the new policy is with the same company as your old policy was , and you had explicitly stated that you wanted to replace your old policy with the new one . 3 -RRB- If you are keeping your old policy , you must be financially qualified to have the total amount of life insurance that you have now AND are applying for . 4 -RRB- In New York the replacement paperwork must be processed before the new life insurance application can be taken .


Input: What Is The Replacement Rule In Life Insurance?

Output: What is the replacement rule in life insurance ? Well , I do n't know if there 's a rule , but there are laws that require separate documentation where the agent answers questions about the replacement and the impact it will have on the policy holder . These documents are where the insurace agent states why the replacement may be a good idea .


Input: Is Erectile Dysfunction Covered By Medicare?

Output: If you have medicare part a and part b , I would look into getting a medicare advantage plan . I know there are some plans that give you viagra which could temporally help your situation . I always say speak to an expert in the medicare field who can guide you with making the best decision for your needs .


Input: Will Obamacare Affect Medigap?

Output: WE have seen in the data that Medicap is affected in a positive manor . Based on data when people have health insurance they get better care . The bill added many non cost preventative screenings . These screenings can only improve the patient . Small a person contacts shingles and gets very ill has to seek medical help . Under obama care the preventative shot is free cutting down the people who get shingles . This helps Medigap cost , since many insurers of Medigap are also Medical health insurers


Input: When Does Life Insurance Have A Cash Value?

Output: Life insurance has cash value under the circumstances below . The thing is that depending on how you manage that cash , it can be a blessing or a curse . Whole life has cash value when the company pays dividends . These are not guaranteed , but are typically paid . Over time , they can add up . But once you use that tempting loan provision , that cash value not only goes down but so does the death benefit . Better make sure you can deal with that . Universal life has cash value when the company applies a high enough interest rate to the policy account . That can be higher than a lot of conservative instruments out there . But you can take cash out of the policy . And , you can stop paying premiums , or under pay , if you want . What do you think will happen if the interest rate goes down and you deplete the policy of cash ? It will die an ugly death . So be careful .


Input: When Does Life Insurance Have A Cash Value?

Output: Life insurance that has a cash value is called permanent insurance . Permanent insurance includes all variations of Whole Life and Universal Life . Some policies have lots of cash value ; some have little to none . You need to look at the policy carefully when buying permanent life insurance . Term Life insurance rarely has a cash value . Return of Premium -LRB- ROP -RRB- Term does build up some cash value in the later years of the policy .


Input: What's The Best Homeowners Insurance?

Output: The best homeowners insurance is the policy with the most coverage options available . I recommend an HO5 policy for your home . Many carriers will have enhancements that may be offered to the HO5 that can significantly broaden your coverage 's . I suggest you sit down and talk to a local independent agent about coverage 's available in your area .


Input: How Do You Pay Homeowners Insurance?

Output: Most homeowners policies are paid through an escrow account established by the lender . Some borrowers can avoid the escrow account and pay the homeowners premium themselves . Premiums for homeowners policies normally cover a one year term . The premium is considered fully earned on the first day , however , most companies will cancel the policy pro-rate returning the portion of the policy that is unused .


Input: Can I Have Auto Insurance Without A Car?

Output: Yes , it is possible to have auto insurance without owning a vehicle . You would purchase what is called a `` Named non-owner policy '' . This is typically liability only coverage that provides you coverage when you do not own a vehicle . Contact a local agent to find out more about coverage availability and pricing for your geographic location .


Input: Can I Have Auto Insurance Without A Car?

Output: Yes you can . There are several carriers that can insure you even if you do not own a car . They call it named operator or non owned insurance . What it is , is insurance that covers liability only and roadside assistance is available also so that way if you get into an accident it covered that damage you do to other but it will not repair the car you are driving because you do not own the car . The only way you can get this coverage is if you do not have your name on a title of any car . Call you local agent they can help you with this coverage .


Input: Is Condo Insurance Mandatory?

Output: The first thing you need to do is to refer to the bylaws of your condominiumassociation . These should stipulate the requirements of coverage for unit owners . It will also give you an idea of what is and is not covered by the master policy that the association carries -LRB- assuming that they have a master policy , as not all do . -RRB- Next , you would need to find an agent / broker that can place an HO-6 -LRB- Homeowner Insurance specifically designed for condominiums -RRB- for you . Also , if you have a mortgage on the unit , your lender may require you to carry coverage of certain limit to protect their interest , or they may force place coverage on your loan -LRB- this is usually expensive and only protects their loan amount and not your liability or contents . -RRB- Make sure you consider loss assessment coverage for any special assessments that may arise from the condominium association . Hope this helps .


Input: How Much Does Ny Disability Insurance Pay?

Output: If you are referring to New York state 's Disability Benefit Law -LRB- DBL -RRB- benefit , you will receive 50 % of your average weekly wage maxed out at $ 170 per week . The benefit has a 7 day elimination period -LRB- i.e. waiting period -RRB- and last for 26 weeks in a 52 consecutive week period -LRB- i.e. you can be paid for up to 26 weeks for every 52 consecutive week period -RRB-


Input: Do Renters Need Insurance?

Output: I highly recommend it . Your landlord carries insurance on the building but he does not cover your personal belongings . If there is a fire or other covered peril , lightning , theft etc. , then you would not be covered . Also , if someone is injured in or entering or leaving your apartment you can be in a lawsuit . Many landlords are starting to require renters insurance for their tenants .


Input: Do Renters Need Insurance?

Output: No one that rents should be without this coverage . It is normally very inexpensive and if you combine it with your auto coverage you will typically receive discounts for both policies . Landlords protect their property . Why should n't you do the same . Do n't leave yourself exposed to a financial hardship in case of a fire , or leave yourself exposed to a liability from an accident occuring with in your residence . To find out more about the coverages and limitations of renters insurance contact your local agent .


Input: Do Renters Need Insurance?

Output: Tenants are responsible for the property and everything that happens on the property . Most people can not afford a judgment from a personal injury or property damage law suit . Most people can not afford to see all their belongings go up in smoke . Your landlord is not responsible for any loss of your personal property or a liability claim . Since you can not afford to take that sort of loss , I suggest that you purchase a renters policy from a trusted agent .


Input: Do Renters Need Insurance?

Output: It 's not required , but I would highly recommend that any renter have insurance.Not only does it protect your belongings , but it also covers you should you be found liable for damage or injury to another person or their property . It 's also relatively inexpensive , depending on the area you live in and the type of housing you are renting .


Input: Do Renters Need Insurance?

Output: You may be required to purchase Renters Insurance . It depends if this is a requirement in your rental agreement or lease agreement . Some properties do require renters insurance to cover their interest . Renters Insurance also covers general liability and most leasing agency 's require a minimum of $ 100,000 in liability insurance . They do not care how much personal property you insure as long as the liability insurance is there . These policy 's can be very inexpensive especially for example if you buy the minimum policy $ 5.000 in personal property is usually the lowest you can buy , and $ 100,000 in liability for around $ 10.00 per month


Input: When To Buy Critical Illness Insurance?

Output: Critical illness is a specialized form of what used to be called `` dread disease '' coverage . More comprehensive than a simple cancer plan , critical illness policies normally pay a lump sum benefit on first diagnosis of listed medical conditions including heart attack , cancer , stroke and another 3 - 7 named conditions . Most carriers do not issue critical illness after age 65 or 70 . Buy a health insurance plan , not a life plan with a critical illness rider .


Input: When To Buy Critical Illness Insurance?

Output: Just like disability insurance and long term care insurance , the best time to buy critical illness insurance is NOW . The reason why I say this , is because the premiums are based on age . The older you are , the more expensive this type of coverage becomes . Remember the old saying , you ca n't buy fire insurance when the house is on fire . The time to buy is now !


Input: What Does Lapsed Mean In Life Insurance?

Output: The term `` lapsed '' in life insurance means that the policy is no longer providing coverage in the event of the insured 's death . This is usually due to a lack of premium payment . Each policy will provide a grace period -LRB- typically 30 days -RRB- from the premium due date to submit the necessary premiums to keep the coverage going . If the grace period has expired on the policy , you would likely need to apply for reinstatement with payment of back-premiums to put the policy back in force - evidence of insurability may be required depending on the carrier and how long it 's been since the policy lapsed .


Input: What Does Lapsed Mean In Life Insurance?

Output: `` Lapsed '' in life insurance means that the policy is expired . If the insured person were to pass away , the policy would not pay anything to his/her beneficiary . People generally end up with lapsed policies because they chose not to pay the premium , because they cancelled their policies , or they forgot to pay their premiums within the grace period . The best way to keep from forgetting is to set up an automatic bank draft to pay your premiums , and then make sure to tell your life insurance company if you switch banks .


Input: Can You Get Disability Insurance With A Preexisting Condition?

Output: Can you get disability insurance with a pre-existing condition ? Yes , it possible but it will depend on what the pre-existing condition is . Also disability policies carry an exclusion clause that in most cases would create a situation where the policy would n't pay for the condition creating a disability . Good disability insurance is very hard to get , even when totally healthy . Unfortunately , most people only begin to think about having coverage `` after '' they 've gone through a disability , which in turn makes it extremely difficult to purchase coverage .


Input: Can You Get Disability Insurance With A Preexisting Condition?

Output: Preexisting conditions ? Which ones ? Disability insurance is a morbidity product based on living incidents that can impair your ability to earn a living . Most preexisting conditions will disqualify you from disability insurance . However many employer group benefits carry short term disability with some as an automatic enrollment feature which would assist you in securing some coverage .


Input: How Much Does 1 Point Affect Car Insurance In Ohio?

Output: Understand that `` points '' are not standard in regards to auto insurance . The amount of points that the Ohio BMV assigns to different violations may be scored differently by auto insurance companies . And not only are points weighed differently , but many companies have different point scales . But generally speaking , with most companies , only having 1 point would be minor and should n't raise your premium all that much .


Input: Does an allowing an unlicensed driver ticket effect insurance?

Output: Every company we represent has a slightly different interpretation of the violations that appear on a drivers abstract of record . Having no insurance and being cited for the violation will impact your insurance . Allowing an unlicensed driver to drive is likely to result in the same outcome . I say that in general because it reflects upon your judgment and in both instances , the judgment exhibited as a driver and responsible sponsor of a `` prospective '' driver are now in question .


Input: Does Fdic Insure Annuities?

Output: No , the FDIC does not insure annuities . As a non-deposit investment that may be offered by banks , annuities are not insured by the Federal Deposit Insurance Corporation . However , annuities -LRB- including those offered for purchase through banks -RRB- are regulated by state insurance regulators . Historically , these regulations have been very strict and annuities have proven to be very safe .


Input: What Is A Good Renters Insurance Policy?

Output: Suggest that you contact two independent agencies in reasonable proximity to your residence and ask them to get you quotes from several of the most well-known National insurance carriers , including but not limited to : Hartford , Travelers , Met and Safeco . That will give you a good idea of how to proceed .


Input: How To Get The Most Out Of A Renters Insurance Claim?

Output: The secret to every property claim is records . If you have photographs , receipts and video you can establish the presence and condition of the various items which might become damaged . My wife and daughter go through their wardrobes and take photos of each other in various outfits . Their purpose is to help make quick decisions in the morning but the result is that they have a record of their clothes . It is important to store the photos somewhere that they can be recovered when needed . Scanning receipts and storing that data is another quick way to keep track of the money you have invested in your property . The combination firmly establishes a claim .


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

Output: Do you presently have coverage and have no lapsed that coverage ? If the answer is yes than you should be able to get other coverage without much trouble . If you do not presently have coverage , and this is individual health insurance , you may have trouble getting coverage . There are several changes due soon under PPACA that will potentially make getting coverage easier , although at a higher price .


Input: What Is A Car Insurance Claim?

Output: A car insurance claim is when you request reimbursement for damages to your car . The damages could be due to fire , theft , an accident or many other items . A claim could also be filed if you were involved in an accident when persons were injured and required medical treatment . Typically , a claim is filed over the phone although additional face-to-face contact may be needed .


Input: Does Long Term Care Insurance Have Cash Value?

Output: No , Long Term Care Insurance does not have cash value . Long Term Care benefits are paid directly to the person requiring the care at the time that care is needed , or the benefits are paid to the institution offering the long term care services . The only way cash can be received is with a return of premium feature .


Input: What Age Do You Get Life Insurance?

Output: Many companies will start a policy from age 0 to 95 . From age 0 to 25 the child is considered dependent upon the parents . The maximum amount of coverage is up to 50,000 until age 18 then a policy may be owned by the child or may still remains on the parents policy until age 25 . Both at guranteed issue which means no one will be declined . Rates are lower and locked in at age 18 for the life of the policy .


Input: What Age Do You Get Life Insurance?

Output: At what age do you get life insurance has a simple answer . You can get life insurance at any age . Your parents can get it for you the day you are born if they so choose . Perhaps the better question might be when should you consider getting life insurance ? If you have a family , spouse or just children you should consider getting life insurance . If you own a small business , have key employee 's and/or a business partner , you might consider life insurance . If your concerned about your estate or would like to build tax free income for retirement , you might consider life insurance . You see , it really is not about your age so much but what is the purpose of the insurance . That said , the younger you are , the cost if insurance is less .


Input: What Age Do You Get Life Insurance?

Output: Since there are only two guarantees in life , death and taxes , as soon as possible . Most parents purchase on a child at birth for two reasons . One to cover funeral costs if the unthinkable happens and two , to protect the child 's insurability . If you do not have life insurance from childhood , the next time to purchase life insurance is when someone counts on you for either income or paying back a debt . Whether it is personal , such as loved ones like a spouse , partner or child , or a business partner that would lose financially if you were to die untimely , these are the situations to purchase good life insurance . The younger and healthier you are the better rate you can lock in for many years or the rest of your life . However , it is better late than never . Lack of life insurance can cause a whole host of financial problems for those left behind .


Input: What Age Do You Get Life Insurance?

Output: You can get life insurance at any age between 15 days olds and 90 years old . People choose to get life insurance when they become aware that their death would cause a tragic financial impact on the lives of others . There is not much they can do to lessen the emotional impact their death would cause , but they can lessen the financial impact through life insurance .


Input: How Do I Buy Homeowners Insurance?

Output: You can contact a company on the internet , provide answers to questions and approve the offered premium . However , you can meet with an agent who would get an accurate description of your property . He would then compute the estimated replacement cost that takes into consideration the unique characteristics of your home . The agent can then take some time to discuss the various liability options available so that you can be best protected should you be sued for bodily injury or property damage .


Input: What Car Insurance Group Is The Lowest?

Output: There is no such thing as who is the lowest . Insurance companies have varying criteria to rate individuals or households and this can range from one insurance carrier to another . So in other words the insurance company who has a great rate for your best friend may have a high rate for you . As an independent agent I see this all the time . I recommend if you want the right coverage 's at a competitive premium to talk to an independent agent who can look at multiple insurance carriers and consult with you what is right for you and your household .


Input: Does Medicare Pay For Pulmonary Rehab?

Output: Medicare would pay 80 % for this treatment if it is considered a chronic condition such as COPD , if not there is a good chance this would not be covered . You should confirm with your doctor that this is medically necessary before you get this type of rehab or you could get a bill from the rehab when Medicare declines payment .


Input: How Long Does Health Insurance Last After Leaving A Job?

Output: How long does health insurance last after leaving a job ? Well going to depend on what size company you work for and when you separate service . If you work for a company that has 20 or more employees working on any given day , not even full time , your medical plan is subject to COBRA which allows for you to continue your coverage anywhere from 18 to 36 months depending on your situation provided you pay the premiums for coverage . If you plan on not continuing coverage , your term date will depend on the plan . Some stop coverage the day of termination , others the 15th of the month and others at month 's end . So it will depend on what your plan summary points out .


Input: How Long Does Health Insurance Last After Leaving A Job?

Output: It depends upon the circumstances of your departure . In the extreme case where a person is `` terminated for cause '' , punching the boss in the nose for example , then your coverage may be terminated as you are heading out the door . While each employer has their own internal personnel policies regarding employees leaving the job , generally you will be covered until the end of your last month of employment because you have probably had money withheld from your paycheck to pay for that month 's premium . When an employee resigns from a company or is terminated/laid off under normal circumstances then the ex-employee has the legal right to continue their coverage under their former employer 's health plan for some period of time . If the employer has less than 20 employees then state continuation provisions -LRB- which vary from state to state -RRB- will apply . If the employee has 20 or more employees then the Federal COBRA provisions apply where most people can continue their coverage for up to 18-months and even longer in some situations such as divorce . It is the ex-employee 's responsibility to inform their former employer that they will be continuing their coverage and it is the ex-employee 's responsibility to pay the full premium on time each month .


Input: How Will Obamacare Affect Doctors?

Output: when asked of the expected impact on a practice of the exchanges , 40.5 percent of more than 1,000 surveyed practices said unfavorable and another 15 percent picked very unfavorable . Only 16 percent thought the exchanges would be favorable or very favorable to practices and about 28 percent thought the affect will be neutral . MGMA conducted the online survey in September 2013 with responding practices representing more than 47,500 physicians . Only 29 percent of responding practices plan to participate in exchanges ; another 40 percent are evaluating participation . Those looking to participate cite remaining competitive in the local market , replacing some of the charity care as uninsured patients get coverage and providing care to underserved populations as the primary reasons . Those practices not participating are significantly worried about five issues arising from insurance exchanges : administrative and regulatory burdens -LRB- 64 percent -RRB- , collecting payments because of patient financial burdens such as high deductibles -LRB- 62 percent -RRB- , low reimbursement rates that pose a financial risk to the practice -LRB- 59 percent -RRB- , concerns of assuming financial liability during a 90-day grace period for enrollees -LRB- 59 percent -RRB- , and uncertainty and confusion about exchange products -LRB- 53 percent -RRB- . That worry extends to practices evaluating exchanges as well , with more than 80 percent citing low reimbursement rates , liability during a grace period and patient financial burdens as major barriers to participation . Most surveyed practices that received patient rate information from exchange insurers found the reimbursement rates of commercial insurers to be somewhat to much lower than they currently receive , with traditional Medicare and Medicaid reimbursement through exchanges also considerably lower . Full survey results - WEBSITELINK


Input: Is Humana A Good Health Insurance?

Output: Humana is a good reputable health insurance company . They offer medical coverage in most states and have a very large network of physicians , specialists and hospitals . Their rates tend to be competitive in most areas and they offer comprehensive , catastrophic , HSA and many other types of policies for individuals , families and businesses . You can easily compare Humana rates with other carriers by utilizing an experienced broker . Although as brokers , we include Humana in most quotes , it 's important to understand that they may not be the best fit for all situations .


Input: Can Anyone Get Life Insurance?

Output: Most people can get life insurance , but not everyone . A child born with a mental or physical handicap will have a tough time getting coverage until old enough to get a guaranteed issue policy . It is difficult to cover persons over age 85 , although can happen . Those who have had a recent diagnosis of a serious disease may need to wait , especially if they are too young and or not in a state where guaranteed issue policies are offered . That being said , there is something out there for most everyone , if you hunt hard enough . Agencies that carry multiple products can assist you .


Input: Can Bad Credit Affect Car Insurance?

Output: It depends on the state you live in but yes there are states that use credit as a rating factor . Some insurance companies charge more for poor credit than accidents or tickets . Why ? There is overwhelming data showing people with poor credit file more claims . Credit is a hot topic in the insurance industry and not everyone agrees with using credit but the bottom line , numbers do n't lie so more and more companies will adapt this practice .


Input: Why Does State Farm Car Insurance Keep Going Up??

Output: Unfortunately , over the long-run , car insurance rates tend to increase over time since the value of vehicles on the road is rising , as is the cost to repair them . Re State Farm , it is highly possible that in your specific area , they experienced larger and more frequent claims than originally anticipated . So ... what can you do ? Certainly , nobody wants to pay high car insurance rates . If your driving record is good , you can always let an experienced broker shop for you or compare the top-rated carriers online through a reputable website . Of course , you NEVER should cancel an existing policy unless you are approved for coverage through your new policy .


Input: Which Is Better Mutual Funds Or Annuities?

Output: In Canada , variable annuities are referred to as segregated funds or seg funds . They are similar to mutual funds , but there are differences . Which one is better depends on your objectives . Both offer diversified investment opportunities to build wealth . In addition , segregated fund policies provide important wealth protection , business and estate planning solutions . The key differences : Guarantees on your principal - The money you invest in a seg fund is guaranteed up to 100 % upon death or maturity . Locking-in market gains - Some seg funds allow you to lock in market gains -LRB- `` resets '' -RRB- that can increase the amount payable at death or maturity . Bypass probate - Seg fund death benefit proceeds are paid directly to a named beneficiary instead of your estate . This bypasses probate , a public process that can be both costly and lengthy . Creditor protection - By designating a qualified beneficiary on your seg fund policy , your investments maybe exempt from seizure by creditors in the event of unforeseen bankruptcy or legal proceedings . Segregated funds are well suited to : Business owners looking for creditor protection succession planning or emergency fund solution . Pre-retirees looking for wealth accumulation but want to limit potential losses with maturity and death guarantees . Pre-retirees and retirees looking to preserve their legacy and transfer their estate in the most private , timely and cost-effective way . If you have further questions . or feel I could be of assistance , please do not hesitate to contact me . There is addition information available at www.ProtectandGrow.ca


Input: Which Is Better Mutual Funds Or Annuities?

Output: An annuity is an insurance product . It is written by an insurance company . It protects . A mutual fund is another name for an investment company . It is a security that invests in other securities . While they might be a part of an overall financial plan they serve different purposes and can not be compared . Most financial plans would be advised to have both .


Input: Which Is Better Mutual Funds Or Annuities?

Output: That is an excellent question ! The answer is kind of difficult , though , as both are good for different reasons , and both might be bad for you for different reasons . Annuities are generally a safer vehicle for guaranteeing an income stream during retirement , as they typically will have provisions that will not allow you to lose your initial investment amount , even if everything else tanked . But annuities require that you set that initial investment aside for a number of years , and that can be an issue , if you have severe cash flow issues.Mutual funds can bring a greater return that a lot of annuities , but unless you have really done your homework , the fees associated with your fund can eat the return alive , and you can end up not making the return that you could have . Statistically most mutual funds make money , but again , if you invest in the wrong one , there 's no guarantee that you recoup your initial investment , let alone a profit . You also need to do the work to get the money out of your fund , unlike an annuity that has a set payment amount and schedule . A really solid retirement plan is diversified , and can include both types of investments ; If you 're forced to choose one or the other , that 's a decision that needs a lot of soul searching and planning , and a trusted adviser to help . I hope that helps , thanks for asking !


Input: Which Is Better Mutual Funds Or Annuities?

Output: What type of mutual funds and annuities are we attempting to differentiate ? Product suitability determined by a personal financial profile that establishes risk tolerance and tax deferral as a priority , must first be developed . Keep in mind that annuities can have crediting methods that have market risk as well as mutual funds . The investors economic and product suitability is the determination , not comparing investments at a macro level .


Input: Is Northwestern Mutual Life Insurance A Good Investment?

Output: When you say investment I have to guess you are talking about over-funding one of their permanent life insurance policies . Northwestern Mutual Life Insurance has been around for a very long time and has a good reputation and products . In order to determine if it is a good investment I recommend you request an illustration showing the money you would like to put in with a minimum death benefit . Then do the same with at least another company , talk to your broker for suggestions , and see how the growth looks .


Input: What Do I Need For Homeowners Insurance?

Output: The question is a little vague . If you are asking what do I need to get a price for homeowners insurance , then you will need several pieces of information . You will need to know the year the home was built , the square footage of the home , the physical characteristics of the home and your personal information . If you are asking about coverage , call a local agent and they can help you decide what policy and endorsements are right for you .


Input: Which Is Cheaper Term Or Whole Life Insurance?

Output: Which is cheaper term or whole life ? How long do you want the policy ? The easiest way to think abut it is term is the cheapest for the short term and whole life is the cheapest for the long term . Depending on how you establish your dividend payouts you can even create a whole life that is the most expensive the day you buy it and there after gets a lower premium year by year . Term in reverse


Input: Which Is Cheaper Term Or Whole Life Insurance?

Output: Comparing term and whole life on cost depends on the time period of measurement . At most ages , the first year term premium for a newly issued , underwritten policy is going to be less than the same for a whole life policy . But it is n't a good comparison . Term is what you buy for temporary needs where the coverage need is know up front . Whole life is priced for a premium that will be level to age 100 and beyond and provide coverage that you can not outlive . It starts out higher but ends up being less than premiums for term later in life . Whole life for lifetime needs will always cost less than the term costs for lifetime .


Input: Which Is Cheaper Term Or Whole Life Insurance?

Output: In the initial years term is cheaper . However if you need the insurance for long term needs term insurance gets unaffordable in later years because the premium will increase with each term . Some policies can not be renewed after a certain age . Whole life premiums are more per month , however the premium never increases and the cash value build up can make the total net premium far less less than term in the long run when you subtract the cash value from the total premiums paid . Which is better ? It depends on the reason for the policy .


Input: Which Is Cheaper Term Or Whole Life Insurance?

Output: Depending on your age , guaranteed level term life insurance can be purchased up to 5 to 30 , sometimes even 40 years . If you purchase a term contract with a conversion clause , you have the option to extend term coverage to permanent coverage within the window of convertibility . Strictly on the basis of your question this is the economic way to go . However , if you have permanent financial liabilities and your beneficiaries would suffer economic loss at your demise , then you should purchase guaranteed universal life .


Input: Where To Buy The Best Life Insurance?

Output: Selecting a trusted insurance agent is where this process starts . Get recommendations from your friends , colleagues or neighbors to find this trusted agent . Listen careful to the recommendations from the agent . Make sure that the agent communicates clearly with you and the company that he selects . Since companies are regulated by the states in which they operate and the state in which they are domiciled , the risk of the company not meeting its promises is not significant . The best life insurance is the policy that is in force and that is a matter of getting it started as soon as possible . It is really hard to make a mistake if you find that trusted insurance agent .


Input: Where To Buy The Best Life Insurance?

Output: This can actually be a bit of a loaded question because the type of coverage you 're looking for , your need , your risk class , premium tolerance , and a number of other factors will really direct where you should go to buy your insurance . If you 're strictly looking at who is a `` top '' carrier , American General , MetLife , and Prudential -LRB- to name a few -RRB- may fit the bill . If you 're looking at just financials such as who has an A + + rating versus A + , A , A - , etc , Guardian and MassMutual may be more to your liking as they have the most superior financial rating that is given by A. M. Best . There 's hundreds of insurance companies out there . A life insurance policy with company ABC may be right for you , but not for someone else . Consulting with an experienced life insurance broker is always the most advisable course of action as we can help you determine the most suitable benefit structure and the carrier that will be able to offer it to you at the lowest possible cost . Please feel free to contact me for further assistance . Thanks very much .


Input: Where To Buy The Best Life Insurance?

Output: There are several ways of determining the best life insurance : 1 -RRB- Life insurance from the most highly rated companies ; 2 -RRB- life insurance that is best for your particular needs ; 3 -RRB- the best price ; and/or 4 -RRB- all of the above . Where you find life insurance from highly rated companies , that best suits your needs , and is at an affordable price , may be at your fingertips . Now that you know the questions to ask , you can call any of us , or visit our websites , and we can help .


Input: Does Medicare Cover Visiting Nurses?

Output: Medicare will pay for visiting nurses but only in specific situations . Your care must have been ordered by a physician . Medicare will not pay for ` round the clock care , 7 days a week . Medicare does not reimburse visiting nurses on an hourly basis , nor do they pay for your long term care needs . Refer to your Medicare and You book for more details .


Input: Does Car Insurance Help You Build Credit?

Output: Based on my education and experience in the industry so far , having auto insurance will not help you build your credit . I do not behlieve that insurance carriers provide any information to the credit agencies directly . Contact your local agent to ask about their privacy practices to know how they are handling your personal information .


Input: Does Car Insurance Help You Build Credit?

Output: That is a great question ! It is a fact that many insurers will base a part of your premium cost on your credit rating and history , so it pays to have a solid score and history . In a way , your insurance can affect your credit rating , but only in the same way that any other monthly account would - do you make your payment on time and regularly . But the fact of having insurance will make no real impact at all on your credit rating , other than building good payment habits . Thank you for asking !


Input: What Does Contingent Mean With Life Insurance?

Output: Contingent means conditional . In life insurance , you can choose a contingent beneficiary or owner for your policy on the condition that the primary beneficiary or owner dies . If no contingent beneficiary is named and the primary beneficiary or beneficiaries die , the insured 's estate usually becomes the policy 's automatic contingent beneficiary .


Input: What Does Contingent Mean With Life Insurance?

Output: Think of a contingent -LRB- beneficiary or owner -RRB- as a backup to your primary policy beneficiary or owner . At the time of application , you general assign the beneficiary or beneficiaries as the primary persons that would suffer economic loss at your demise . But what would happen if the beneficiaries also perished with the insured , then the contingency or back up beneficiaries would be next in line for the death benefit proceeds .


Input: What Does Contingent Mean With Life Insurance?

Output: Generally `` contingent '' in Life Insurance would refer to the beneficiary . You always name a beneficiary , who would receive the proceeds of the policy . In addition , you can also -LRB- optionally -RRB- name acontingent beneficiary . A contingent beneficiary is a secondary beneficiary that would receive the proceeds from the policy if the main or primary beneficiary does not survive the insured .


Input: What's A Premium In Health Insurance?

Output: A premium is the amount of money you pay to an insurance company every month in exchange for the company accepting financial responsibility to pay a certain percentage of your covered medical expenses . The amount of coverage will vary by plan , and is normally larger for plans with higher premiums .


Input: Can Unmarried Couples Share Auto Insurance?

Output: Depends on the carrier . Some companies recognize domestic partnerships while others do not . Often this depends upon how their rates are filed with the Insurance Department in the specific State . Often , there are significant savings when you find a company that allows domestic partners on the same policy . You typically get `` married '' rates and potentially multiple vehicle discounts .


Input: If the owner of a life insurance policy dies and the insured is still alive but the policy hasn't matured, if the insured wanted to cash out will he/she only be getting the cash out value?

Output: Great question ! The only way that a policy will pay out the whole face value is upon the insured 's passing . Until that point , if you are wanting to surrender the policy , the most that you can get is the amount of the cash value , minus any surrender charges , loans or unpaid premiums . Contact the company to determine what that amount would be , and to get the appropriate paperwork . Before doing that though , it is always best to have an active policy for yourself so ensure that you do . Any more questions ? Please feel free to contact me , I 'm glad to help . Thanks for asking !


Input: If the owner of a life insurance policy dies and the insured is still alive but the policy hasn't matured, if the insured wanted to cash out will he/she only be getting the cash out value?

Output: I am sure that you can work with your attorney and find a way to surrender the policy . But here is a cautionary word : life insurance is for the beneficiary . Before you terminate the coverage , you need to be sure that the beneficiary will not need the money . Basically , has the need for the survivor benefit change so drastically that the coverage is no longer needed ?


Input: If the owner of a life insurance policy dies and the insured is still alive but the policy hasn't matured, if the insured wanted to cash out will he/she only be getting the cash out value?

Output: In Canada , if the owner of the policy dies . what happens to the ownership of the policy depends on what the owner had put in place prior to his/her death . If the owner has named a contingent owner the the policy would transfer that way . If their was no contingent owner the the ownership would form part of the estate and be probated . Depending on who the policy ownership was transferred to there could be tax consequences . The cash value is what could be surrendered , the death benefit is not paid until the life insured 's death . NOTE , once the policy has been issued the life insured has no claim on the policy or its cash value , unless the owner gave them the access . 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: If the owner of a life insurance policy dies and the insured is still alive but the policy hasn't matured, if the insured wanted to cash out will he/she only be getting the cash out value?

Output: The insured has no rights per se under a life insurance policy . Therefore , if the owner of a life insurance policy dies before the beneficiary , ownership of that life insurance policy reverts to the estate of the deceased owner . It 's that person that gets to decide what happens to the life policy . Hope this helps .


Input: If the owner of a life insurance policy dies and the insured is still alive but the policy hasn't matured, if the insured wanted to cash out will he/she only be getting the cash out value?

Output: Unless there is a contingent owner , this policy will go to the decedent 's estate . If the cash value of the policy is needed to pay off creditors or for administrative costs to settle the estate , or if it determined by the executor that cashing in the policy is in the best interest of all , then the cash value only is collected . Even if the policy is kept , the full face amount would not be collected until you died or your policy endowed -LRB- usually at age 100 for Whole Life -RRB- . Thank you and I am sorry for your loss .


Input: If the owner of a life insurance policy dies and the insured is still alive but the policy hasn't matured, if the insured wanted to cash out will he/she only be getting the cash out value?

Output: If the policyowner dies before the insured , the ownership would go to the contingent owner -LRB- if one was desginated -RRB- . If no contingent owner was designated , the policy ownership would then go into the estate and become an asset to the estate - from there it will have to go through the probate process . The Will -LRB- if one was left -RRB- would then designate who gets the asset . If the policyowner dies intestate -LRB- meaning they did not have a will -RRB- , a judge would have to sign off on who gets the asset -LRB- the insurance policy in this case -RRB- . Once new ownership has been established , the owner would then have the option to keep the policy going or cash it out -LRB- if applicable - term insurance does not build cash value , permanent insurance policies do -RRB- . If cashed out , the amount received would be the cash value less any applicable surrender charges , outstanding loan balances , or interest on the loans . The insured does not have the ability to cash out the policy unless they were the policyowner .


Input: Will Homeowners Insurance Cover Tornado Damage?

Output: Depending on the state you live in most policies include coverage for Wind and Hail . Some states have separate wind pools where you have to purchase a separate policy for this coverage to apply . You also want to check your deductible because a lot of insurance companies have separate Wind/Hail deductibles that are a percentage of your dwelling . For example , a home insured for $ 400,000 with a 2 % Wind/Hail deductible would have to pay $ 8,000 before the insurance policy would kick in .


Input: Can You Get Short Term Auto Insurance?

Output: There are many automobile insurance companies out there that offer insurance coverage month by month -LRB- the quotes are still normally for a six month term -RRB- these carriers typically are more costly than carriers that run their policy terms at six months or one year . Contact a local agent in your area to find out if they work with any carriers that can provide you with the coverage terms that you are looking for and the costs of that coverage .


Input: Does Renters Insurance Cover Job Loss?

Output: A renters policy has two major types of coverage . You have coverage if you are sued for personal injury or property damage . You also have coverage if your personal property is damaged . Job loss is generally not a loss of physical property and would therefore not be covered . If you have specific concerns contact your agent for guidance .


Input: Does Renters Insurance Cover Job Loss?

Output: A renters policy covers damage . It covers damage caused by specified perils . While loss of work is damaging it is not damage to the personal property that is insured . Unemployment insurance is a state program that covers lost wages during periods of unemployment . Insurance companies dont provide such a product .


Input: Does Renters Insurance Cover Job Loss?

Output: That is a great question ! Unfortunately , the answer is n't so great . While renters insurance is a very good thing to have when it comes to protecting your belongings , it does absolutely nothing to cover the loss of your job . The coverage of an insurance policy will be strictly defined , and generally limited to a specific kind of liability , like your car , or health . When you paid your deductions from your paycheck , there was a deduction for unemployment insurance , and that is what will help you now , if you qualify . Good luck , I hope that you find a job very soon . Thanks for asking !


Input: Does Renters Insurance Cover Job Loss?

Output: Renters insurance polices do not cover job loss . Renters polices are designed to protect your personal property and to give you liability protection if you are sued for bodily injury or property damage you may have caused to another party . Also there are coverage 's for loss of use should you be dislocated from your premises due to a covered peril . Job loss is not a covered peril .


Input: Can I Buy Multiple Annuities?

Output: Multiple non-qualified tax deferred annuities with differing periods and crediting methods can be used in combination to generate distributions that may have tax advantages in an income strategy called laddering , often related by metaphor to a bond laddering strategy . The combination of deferred and immediate annuities with differing crediting methods may have consumer appeal for those in high tax brackets .


Input: Why Do Landlords Want Renters Insurance?

Output: To help the tenant and themselves . If the apartment building experiencs a fire or tornado and the tenant losses everything . Without renters insurance how does the tenant replace the things lost and pay for another place to live ? Renters insurance also helps protect the renter against financial harship if someone should be injured while in their apartment and other covered situations . Remember every policy is different . Please read your policy completely to understand what coverage is provided and what exclusions ther may be .


Input: Why Do I Need A Medicare Supplement Plan?

Output: You may not need a Medicare Supplement plan ! If you have substantial funds to cover many of the Part A and Part B expenses not covered by Medicare -LRB- and other expenses as well -RRB- , there is no reason to purchase a plan . However , a Medigap plan may be a good `` buy , '' even if you feel the needed funds are in place . Open Enrollment takes place every year and you should review options -LRB- no obligation -RRB- with an experienced full-time broker . There is no doubt that having a combination of Medicare and a Medigap plan will allow you to sleep easier and have more control over your finances .


Input: Why Do I Need A Medicare Supplement Plan?

Output: Medicare supplement plans are great for those who need to budget their cash flow in retirement . When you have original Medicare and a Medicare supplement plan you can know exactly how much your exposure is for approved Medicare Part A and Part B expenses . Medigap plans can be a solid investment in controlling your financial risk .


Input: Does Aflac Offer Short Term Disability Insurance?

Output: Aflac offers short term disability insurance through employer sponsored plans , only . Aflac does not sell individual short term disability plans to individuals . Their short term disability plans must be paid for by worksite premium payroll deduction . There are only a couple of companies that offer individual short term disability insurance . Many more offer individual long term care disability insurance .


Input: Does Health Insurance Cover Psychiatry?

Output: In past years , coverage for psychiatry varied dramatically depending on the state you live in and the policy you have . The passage of the Affordable Care Act was perhaps the largest expansion of mental health and substance coverage in decades , as all health insurance plans are now required to cover mental health and substance use disorder services . However , policies are allowed to place limits on the number of visits you receive each year , or on which pyschiatrist you use , so allows make sure to consult your insurance agent or company before seeking treatments .


Input: Is Life Insurance Safe From Creditors?

Output: Life insurance proceeds that have been left to a beneficiary who is a person , charity , trust or other entity , are usually safe from creditors . If the life insurance is left to the estate of the deceased , then creditors may go after what is in the estate during probate , to collect it for the payment of unpaid debt .


Input: Does Where You Live Affect Your Car Insurance Rates?

Output: Where you live can and does effect your auto insurance rates . Insurance companies base rates on experience in any given area . These would include but not limited to characteristics of drivers , types of vehicles and claims based on frequency and severity . Actuaries then determine rates according to any given area or areas . There are many misconceptions by consumers as to which area has a better rate vs. another . For example some may believe a city would have a higher rate vs. a rural area . However the fact may be that while a city has more frequency of accidents a rural area may have much more severe accidents due to road conditions and so on . While this is only an example this should give you an idea of how rating works .


Input: What Is An Immediate Income Annuity?

Output: That is a great question ! Unlike most annuities , which ask you to take a large sum of money , invest it , and sit back for a number of years before receiving the payouts , an immediate annuity is just that - one that starts paying out very quickly . In this type of annuity , you take a large sum of money -LRB- a settlement , inheritance , or just a big wad of cash -RRB- and invest it in the annuity , which then starts structured payments anywhere from 1-11 months later -LRB- Payments must start within the year from the point you purchased it -RRB- . I hope that helps , thanks for asking !


Input: What Is An Immediate Income Annuity?

Output: An immediate income annuity is a contract in which an insurance company guarantees an uninterrupted stream of monthly payments in exchange for a single premium payment . The payments must start within 12 months and there are other payment plans to tailor the annuity to your particular needs . These usually have a higher immediate return than other investments


Input: What Is An Immediate Income Annuity?

Output: What is an immediate income annuity ? Well it means rather than purchasing an annuity to accumulate growth , you are now in the distribution phase of your planning . An immediate annuity creates a payout stream that based on your life expectancy provides a steady stream of income payments for the rest of your life . There are guarantees you can put into your plan that insure if you pass sooner than expected your beneficiaries receive the balance of the account or they get continued payouts for a certain number of years . The immediate annuity is a product that you ca n't outlive . It will pay you as long as you 're alive .


Input: What Is An Immediate Income Annuity?

Output: Here 's the quick and deadly answer . You put a bunch of money into an annuity . You get a check in 30 days . This is what the company calls immediate . The amount of the check depends on how long your annuity is ... You can choose a certain period of time - years or your lifetime or spouses/beneficiary lifetime . This is called a joint annuity .


Input: What Is An Immediate Income Annuity?

Output: Immediate income annuities are for people that want a guaranteed stream of income for the rest of their life or a set period of time such as 10 or 20 years . You purchase the immediate income annuity with a single payment . Immediate fixed income annuities pay a guarantee income interest rate which gives you a predictable income . Income payments usually begin immediately .


Input: What Does Medical Coverage On An Auto Insurance Policy Cover?

Output: In Illinois , medical coverage on an auto policy will coverexpenses for just about any kind of auto related injury , whether or not it occurred in the insured auto . For example , injuries incurred if you are struck as a pedestrian or while riding a bicycle would be covered . As always , it is best to check with your insurance professional .


Input: What Does Medical Coverage On An Auto Insurance Policy Cover?

Output: While I might agree with these answers , medical payments coverage is often purchased with the intent to cover medical expenses incurred in an accident involving an automobile not covered by a person 's health insurance coverage -LRB- deductibles , co-payments , dental expenses , cosmetic surgery , etc -RRB- . However many health insurers -LRB- including Medicare -RRB- have amended the co-ordination of benefits feature in their medical insurance plans to require an injured subscriber to exhaust their medical payments coverage before they can make a claim under their health insurance coverage . In effect , anyone buying -LRB- and paying for -RRB- medical payments coverage may not be able to collect on it should they ever need it ! Their health insurer may have already exhausted the limit . Before considering this coverage , an insured should check with their health insurer and make sure they can use the benefit to cover expenses not covered by their basic health insurance plan first . Once they have been fully reimbursed , only then can the health insurer become entitled to these benefits .


Input: What Does Medical Coverage On An Auto Insurance Policy Cover?

Output: Medical coverage covers anyone getting into your car , getting out of your car or in the car if you are involved in an accident and they are hurt . For example , a person is getting out of your car and falls and breaks an arm ; a person hand is caught in a car door and requires medical treatment . The most common however is when you are involved in an accident . Anyone in your car is covered up to the medical pay limits on your policy .


Input: Is Life Insurance Taxed When Paid Out?

Output: No , life insurance is not taxed when paid out , in most cases . There are some exceptions , such as when the beneficiary is the estate ; then the life insurance benefit will be subjected to the same taxes as the rest of the estate . If eligible by virtue of amount , life insurance be subject to estate tax . By and large , however , life insurance is not taxed when paid out , making it a very favorable gift to those who receive it .


Input: What Are The Uses Of Whole Life Insurance?

Output: This is a good Question . A whole life policy can insure to age 100 as opposed to it being a 10-20-30 year TERM policy as an example . Whole life policies also will give the option to be borrowed against because they build cash value over time . Sometimes depending on age , whole life is a good option .


Input: What Are The Uses Of Whole Life Insurance?

Output: Whole life policies are well suited for needs that do not diminish over time . Some commonly found uses for whole life are : Family protection : To provide funds to support a surviving spouse and/or minor children , particularly for individuals who start a family later in life ; to pay final bills , such as medical or other estate expenses and federal and state death taxes . Business planning : Whole life insurance is often used for many different business purposes , such as insuring key employees , in split-dollar insurance arrangements , and funding non-qualified deferred compensation plans . Business continuation planning often involves using whole life insurance as a source of funds for buy-sell agreements . Accumulation needs : Some individuals will use the cash value feature of whole life as a way of accumulating funds for specific purposes , such as funding college education , or as a supplemental source of retirement income . Charitable gifts : To provide funds for a gift to charity . Whole life insurance , sometimes called permanent insurance , or ordinary life , is designed to stay in force throughout ones lifetime . As long as the policy owner meets his or her obligations under the policy , the policy remains in force , regardless of any changes in health that may occur . Unlike term insurance , where premium payments generally increase , as the insured gets older -LRB- the chance of death increases with age -RRB- , premiums for most whole life policies remain level . A portion of each premium payment is set aside to earn interest . Over time , a whole life policy will develop cash values . The accumulated cash values form a reserve which enable the insurer to pay a policys full death benefit , while keeping premiums level . During life , many whole life policies have provisions to borrow a portion of the accumulated cash value . If a policy is terminated without the insured dying , there are various surrender options for the cash value available to a policy owner . Steve Savant is a contributor to Back Room Technician , an Advisys Company


Input: What Is The Best Supplemental Health Insurance For Seniors?

Output: If you 're referring to Medicare Supplements , there is only one `` best '' ... and that is Part F. Plan F is the most comprehensive supplemental coverage . If Plan F is too pricey , then you might want to check Plan N , which has a few copays . You can also get a high deductible Plan F , in which you pay the $ 2000 , then everything after that is covered . That premium is quite low - so if you 're not really expecting much in the way of medical care , you 've got choice of doctors , great protection after $ 2000 , plus a low premium . Remember that if you get a Medicare Supplement , you 'll also need to buy a Part D drug coverage ...


Input: Is Epilepsy Covered Under Health Insurance?

Output: Yes , and for any major medical policies issued on or after January 1 , 2014 a person with Epilepsy would have their condition covered immediately with no pre-existing condition exclusions or waiting periods allowed . It is possible that persons who still have older individual health insurance policies in effect could have been issuedwith a policy riderthat excluded coverage for Epilepsy as a condition of issuing the policy . Certainly any such person would have wanted to dump that old policy and enroll in a new one during the recently completed open enrollment period . If yousomehow missed that then you will almost certainly want to make the move during the open enrollment later this year for a January 1 , 2015 effective date .


Input: How Quickly Can I Get Auto Insurance?

Output: Typically you can walk into an agents office and apply for the coverage you need and give them the answers to the questions that they ask.The agent has the capability of accessing your drivers license information and your cliams history and they can write the policy on the spot assuming they have automated quotation systems that are widely used . This assumes you are a citizen and you are of legal age which is 18 .


Input: How Quickly Can I Get Auto Insurance?

Output: You can get auto insurance VERY quickly with the help of a broker . Some basic information is required including the VIN of the vehicle , your driver 's licence number and address . By shopping different companies , you 'll be able to find the cheapest rates and obtain coverage so you can avoid any lapse . LIVE answer provided by : Ed Harris - Premier Car insurance broker for 33 years specializing in providing immediate coverage , and owner of several national top-rated auto insurance websites .


Input: How Quickly Can I Get Auto Insurance?

Output: Providing you have all the information needed to obtain a quote you should be able to obtain auto insurance the same day you apply if that is what you wish . Or you may pick a day in the future . Items needed would be drivers information with include name , DOB , drivers license # and SS # in some states . Also your garaging address and vehicle information not to mention coverage 's desired .


Input: How Quickly Can I Get Auto Insurance?

Output: That is a great question ! If you have shown up at the agent 's office with all of the information that you need , and a blank check , you can walk out of the office insured . It is a pretty speedy process , all you need to have is information and money to complete the process . Thanks for asking !


Input: How Quickly Can I Get Auto Insurance?

Output: The process of getting a quote on auto insurance is brief . To turn the quote into a policy takes a little more time but the whole transaction can be done in less than 20 minutes . In many cases all you need is your name , birthdate and address . The insurance company can often detect the description of every car in your household and the names and drivers information on ever resident . Retrieving MVRs and losses is also quite mechanized now .