Input: How Much Will My Car Insurance Increase After A DUI?

Output: The penalty for driving under the influence of alcohol comes in four ways generally . There is almost always a judicial penalty which may include a suspension and a filing of an SR-21 form . This can be very costly . Frequently there is remedial drivers training , which is an additional expense . Sometimes community service is required which takes time away from work . Then there is insurance . Most companies really dont want drivers with a DUI on their record and they price accordingly . You can anticipate at least a 50 % increase in premium , but in California you also lose a good drivers discount of 20 % , so the cumulative result often leads to an increase of almost 100 % .


Input: How Much Is A Doctor Visit Without Health Insurance?

Output: The cost of a doctor visit without health insurance typically costs between $ 25 and $ 75 , depending upon where you live , your relationship with the physician , and the type of treatment that is given along with the diagnosis . If you have health insurance , you may only have to pay a copay , which is likely less than the out of pocket cost of not having coverage .


Input: Can A Life Insurance Claim Be Denied?

Output: It is not a common occurrence , but yes it can happen . There are certain types of policies that have time limits built in that if the insured were to die during these periods it would be denied or premiums returned . Most all life policies have a two year wait for death by suicide , which would cause a denial . There are policies with exclusions for cause of death for example `` war or act of war '' . Again none of this is common but does happen .


Input: Can A Life Insurance Claim Be Denied?

Output: If a policy has been applied for honestly and issued according to best underwriting practices , then this is probably not a possibility . There are circumstances , however , that could cause a denial . Policies are commonly issued with a `` contestability period '' which is usually 2 years from the date of issue . Simply stated , if an applicant willfully misleads , misrepresents or deliberately withholds material information from an insurance company during the application and underwriting process , then if that person dies during the contestability period , it is possible for a company to deny benefits .


Input: Can A Life Insurance Claim Be Denied?

Output: Even with a death certificate a death claim can be denied . In this very unlikely event , the company will return the premiums paid . Policy provisions allow for a period of time during which they can contest the claim . Suicide is the most obvious reason for declination . Death claims have been denied when the identity of the insured was not adequately revealed in the application . Fraud is a major concern , particularly when death closely follows the issuance of a policy .


Input: Can A Life Insurance Claim Be Denied?

Output: Usually , upon presentation of proof of death and a claim form , the claim is paid . However , a claim could be denied , depending on circumstances . In Canada , a claim within the first 2 years could be denied for a material misrepresentation of fact . This essentially means you did not tell or disclose the truth on something that would have changed an underwriting decision . After 2 years you would have to have committed fraud which is much more difficult to prove . A life insurance contract should be approached as a contract of utmost good faith where all parties give full disclosure . In other words , be sure and tell the whole truth and nothing but the truth . Suicide within the first 2 years or last reinstatement would also cause a claim to be denied . If there was an accidental death rider , then that portion of the claim would not be paid unless the death is deemed accidental . . Laws are similar , but vary by jurisdiction . You should check the wording in your policy , your local insurance act and , if necessary , a lawyer . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can A Life Insurance Claim Be Denied?

Output: Barring extreme cases such as insurance fraud by the policyholder , or insolvency by the insurer , you can depend on the claim being paid . Even if you die from a pre-existing condition . Example : a number of years ago I had a client who unfortunately had a long history of heart attacks . Sadly , he was only in his early forties . And he kind of knew the big one was coming . Every year , he would have me shop for additional coverage . I always disclosed his medical history to the carriers , and you know they charged him a lot . The tragic day finally came and he died on the operating table . I expedited all his claims . One would think there would be long delays since he had died of something in his history . Maybe even a carrier or two would deny the claim ? Nope . Because I had thoroughly prequalified him and everything was above board , most companies took but a few extra days to make sure all was in order . His family received every dime with two weeks .


Input: What Is Group Critical Illness Insurance?

Output: Group Critical Illness insurance is coverage sold to or through businesses so that the employees can receive payment if they develop a health condition covered by the policy . The employer can pay the premium and provide the coverage as a benefit , or the employee can pay the premium and take the policy with them when they leave that job . The policy pays a lump sum to the employee if they are diagnosed with one of the qualifying illnesses . There may be a survival rate requirement in order to receive the benefit .


Input: What Is Group Critical Illness Insurance?

Output: Did you know that this type of policy was first created by Dr. Marius Bernard , in 1983 in South Africa ? Dr. Bernard has a famous brother Dr. Christian Bernard who preformed the first heart transplant . Dr. Bernard saw that his brother was saving lives but destroying them financially . Group critical illness insurance is a supplemental health insurance program which is essentially a pool of money that will be given to you in lump sums for various illnesses such as stroke , heart aliments , paralysis , severe burns etc. . Depending on your illness you can receive different amounts of that pool of money . As an example , you could buy an amount of $ 50,000 which you could receive the entire amount if you had a severe stroke or a portion if you have a heart attack . The point is that once you receive the entire $ 50,000 your policy would be cancelled as all benefit had been paid out . Is it a good policy to buy ? Well I own one , with the idea being to make up deductibles and co-pays , if I have a covered problem , which are n't paid by my health insurance policy . Some other reasons to buy are loss of income or a quick remodel of your home if you need to use wheel chairs to get around .


Input: Can You Get Car Insurance With A DUI?

Output: Yes you can obtain auto insurance with a DUI . Not all insurance companies will take a client with a DUI buy there are many that will . My suggestion is to contact an independent agent who can look at multiple companies to find you the best rates for your current situation .


Input: Can You Get Car Insurance With A DUI?

Output: Let me add one other point to these answers . Any company that takes you is taking a big chance that you will reform your driving habits and not take the wheel while impaired by alcohol , drugs or medicine . That chance for you to reform will be totally shattered by another instance of the same thing . So , while you may be able to secure , insurance now , do n't press your luck as second instance will have huge consequences


Input: Can You Get Car Insurance With A DUI?

Output: Probably yes , but plan that you wo n't be paying the best rates . There is one catch to consider as well , however . If along with the DUI , your License has been suspended , then obtaining insurance with a suspended license will be tough . If that is the situation , you will probably have to wait until your license is reinstated before getting insurance .


Input: How Much Does Disability Insurance Cover?

Output: In generally terms and with reinsurance limitations , non deductible disability insurance covers up to 60 % of your compensation and can generate tax free benefits after the elimination period is satisfied . Deductible disability insurance can cover up to 80 % of your compensation , but benefits paid are taxed as ordinary income .


Input: How Much Does Disability Insurance Cover?

Output: Long term disability insurance typically covers 60-70 % of your income . You can also cover your retirement contributions in addition to the amount above . Also , if you are a business owner and/or self employed you may qualify for slightly more than the 60-70 % mentioned above but that is on a case by case basis .


Input: How Much Does Disability Insurance Cover?

Output: As Steve mentioned , a private disability insurance policy will cover about 60 % of one 's income , and will provide the insured with TAX-free benefits . Do n't make the mistake of thinking that the disability insurance offered through your employer will offer you the same amount of coverage . While the policy may say it offers up to 60 % , there is typically a cap on the coverage , AND it 's taxable , leaving you with about 42 % of your income -- not 60 % .


Input: What Good Is Long Term Care Insurance?

Output: A long term care policy is only as good as the contract stipulates . And the contract is only as good as the insurance company that issued the policy . But long term care insurance can fund periods of assisted living and/or nursing home care , that can be very expensive . It 's part of defensive retirement planning .


Input: Do I Need A Police Report To Recover My Deductible Through Subrogation?

Output: Great question ! I always tell people to get a police report if they know for sure they are not at fault . It makes the claims process so much easier for all parties , and can get your deductible back much quicker . Let me know if you have any further questions ! Thanks !


Input: Do I Need A Police Report To Recover My Deductible Through Subrogation?

Output: Claims are paid every day without documents like an accident report . Insurance carriers do n't require a court order to make settlement payments either when the details are clear . It just depends upon the circumstances . If the claims involves any form of claim of injury or complaints of pain , the carrier is n't likely to make a payment without knowing all the details including those on a police report . When the facts are clear a deductible reimbursement should n't be any issue absent anything to aggravate the claim . I am witness to companies paying after thoroughly investigating losses when personal injuries have occurred to so details matter . Now , when agreement can be made , when the agreement is reasonable and fair as to terms of settlement and amount , and when there is little dispute to the facts , a police report is not going to change the agreement in which the other party is going to be asked to relinquish any further right to claim for additional compensation . If that ca n't be obtained , or there is serious question about other involved parties , the cautious `` wait-and-see '' attitude prevails and then an effort is made to fully document the file prior to making any payments .


Input: Do I Need A Police Report To Recover My Deductible Through Subrogation?

Output: Most insurance companies will pay a claim without a police report . If police report might be useful where there is disagreement as regards to who is at fault then that might be helpful . In your case a police might be helpful since you have you have to go through Subrogation .


Input: Do I Need A Police Report To Recover My Deductible Through Subrogation?

Output: Claims are often adjusted without a police report . If your company and the other partys company agree that you were not at fault , the other company will repay your company for the entire loss including your deductible . That process is called subrogation . Your company should then return your deductible to you .


Input: What Are The Health Questions For AARP Life Insurance?

Output: AARP offers level benefit term life insurance , permanent life insurance , and guaranteed acceptance life insurance . The questions on the application are different for each type of policy . The term policy asks for many health details , while the guaranteed acceptance insurance asks no health questions to qualify for that policy .


Input: Who Has The Best Disability Insurance Rates?

Output: Purchasing disability insurance with the right company is dependent on your vocation and if that vocation is a specialized skill-set like surgeons or trial lawyers . The second issue is your personal information like your gender , age , smoking status , health history , current medical condition and paramed exam results . Your premium price tag is also dependent on your behaviors like : motor vehicle violations , dangerous recreational activities and vocational hazards . One of the leading disability insurance companies is The Standard .


Input: How Are Home Insurance Rates Determined?

Output: A homeowners policy is based on your unique home . The first thing that the company will determine is the actual cost to replace the residence . The next thing that they will consider is the fire rating of the location . The company then computes a premium based on tables approved by the insurance commissioner in your state . There are optional coverages which might come into play and variations on liability limits . There are also underwriting concerns that will govern the acceptability of your individual home -LRB- presence of a pit bull or trampoline . -RRB-


Input: What Exactly Are Annuities?

Output: What are annuities ? Well as simply as possible , Annuities are investment products offered through insurance companies . There are different kinds of annuities , some for building balances and others for spending balances of money . The building balances form of annuity is invested and grows tax deferred over time . This is known as the accumulation phase . Depending on your choice of accumulation annuity you can have little risk to significant risk on return . Reducing your investment risk usually also means reducing your investment return . Accumulation annuities can offer a larger range of risk and return options along with tax deferral . When you decide to spend or distribute savings through an annuity , it is called an immediate annuity and begins a systematic series of regular payouts over your lifetime . An immediate annuity is know as a product that you `` ca n't outlive '' as it will pay you as long as you live . And , depending on the payout you choose , can guarantee that if you pass early , the payouts will continue to a beneficiary of your choosing for a set number of years or until all of your contributed funds are spent . An immediate annuity now offers a variety of payout options and really should be considered as part of a retirement portfolio . They provide a constant steady stream of income that will last as long as you do and if you choose an option will keep pace with inflation over time .


Input: What Exactly Are Annuities?

Output: Annuities is an excellent vehicle for savings . You can `` dollar cost `` average into a Tax Shelter Annuity which is a retirement planning instrument for employees with 501C organizations or if you have monies in Certificate of Deposit and it is fully taxable you can switch the dollars into an annuity and stop the taxation until you start taking the money out which can be delayed until 70 1/2 . An annuity is a great way to assure that you will never outlive your income as you take monthly payments from the value of the annuity . There are `` fixed annuities '' , `` indexed annuities-which are linked to an index , or you can even have a `` variable annuity that is tied directly to the performance of the stock market . If you work for a 501C organization and do have a tax shelter annuity you need to find a good financial planner .


Input: What Exactly Are Annuities?

Output: Are we talking about fixed or variable ? I 'll assume fixed , so here goes ... Annuities , for a 5 year old : Do you know how a CD works ? An annuity is the same thing , just with a longer time until you get your money back . CD 's are issued by banks , Annuities are issued by insurance companies . Interest from CD 's are taxed each year while interest from annuities are not taxed until you take the money . Does this sound like a retirement account ? Yup , the IRS thinks so too . If you take money out before they want you to , you 're penalized 10 % -LRB- stupid government -RRB- . The longer the term , the higher the interest you should expect . CD for 12 months = low interest Annuity for 10 years = slightly more interest . Were you referring to variable annuities ? Think mutual fund account with higher fees -LRB- generally -RRB- . Now , riders ... no 5 year old would ever understand these ... except income riders . Here 's the deal : You get X percent of the balance of the account , paid to you for the rest of your life ... even if the account balance is $ 0.00 . What ? I still get paid when there 's no money left ? Yup ! That , my 5 year old friend , is an annuity -LRB- with an in come rider -RRB- . There 's a lot more to it than that . I could write a book on annuities -LRB- and many people have -RRB- . Make sure you work with a competent advisor who can speak your language . If they keep babbling about terms you do n't understand , move on and find someone else to work with .


Input: What Exactly Are Annuities?

Output: In Canada annuities there are two main types of annuities : accumulation annuities and payout annuities . If they are issued by an insurance company they can/do include maturity & death benefit guarantees , potential creditor proofing , estate bypass -LRB- privacy and costs -RRB- and more . They are used extensively by retirement and estate planners . The topic of annuities with all our industry jargon is indeed confusing . Experience has taught me that an understanding the basics is the key step . 1 . An accumulation annuity is as the name suggests is used to save money , a payout annuity option is included as part of the contract . There are two main types of accumulation annuities : Guaranteed Interest Annuity -LRB- GIA -RRB- - principle is guaranteed and interest is earned similar to a GIC Guaranteed Investment Fund -LRB- GIF -RRB- - similar to a mutual fund , the principle is at risk , however , with maturity and death benefit guarantees , etc. . In Canada , they are also referred to a segregated funds or variable annuities . 2 . Payout Annuities , you exchange a sum of money for a flow of income . There are many variations with different guarantees but the basic two types are : Annuity certain , where in exchange for a lump sum of money you receive a guaranteed income for a specified number of years . Life annuity , where in exchange for a lump sum of money you receive a guaranteed income for the rest of your life or with a joint life . These are usually purchased with a guarantee payment period . The more guarantees , the lower the income . To understand an annuity , first understand a mortgage . With a mortgage you receive a lump sum of money and pay back principal and interest over a specified term until the balance is zero . With a payout annuity certain you are at the opposite side of the equation , you exchange a lump sum of money for a guaranteed income stream for a specified term . You will find 16 `` I want to ... How do I '' , that illustrates some strategies using annuities on www.jpw.ca Annuity strategies can be complicated . It is your money and you would be prudent work a life insurance broker with a professional designation like a CLU -LRB- Chartered Life Underwriter -RRB- or a CFP -LRB- Certified Financial Planner -RRB- . If you have further questions please contact me . Paul


Input: What Exactly Are Annuities?

Output: Your comment made me laugh ! And yes , I can answer your great question like a five year old , I 'm a master of simple ! An annuity is a way of putting money aside now to spend later . You get them through insurance companies . Once you put the money in it , you should n't touch it . It sits for many years growing and waiting for you . Once you get old and need it , you tell it you are ready to get paid . It will then start paying you every month until you a. -RRB- use it up b. -RRB- pass away or c. -RRB- your surviving spouse passes away -LRB- you pick one when you get it -RRB- . They are a way of making sure you have money during your retirement . They are not a good idea for everybody - -LRB- like riding a bike without training wheels for the first ever bike ride -RRB- some people have trouble with their bills , and setting aside lots of bill money could be a bad thing , so they have to do what is called a ` suitability study ' first . It will help figure out if it is a good thing . If the person you talk to does n't do one , they are bad - run away ! And some of them are filled with hiding fees and costs , that eat away like bad bugs at your money while it is away , so you have to be careful and ask ` pacifically what the costs are in total for the annuity . If it does n't cost too much , it is a good thing . There are lots of types , so ask about all of them and take notes before you even think of giving them your money , k ? I hope that helps , please realize that is greatly simplified . But the bottom line is that the right annuity can be a great part of your retirement plan . Please feel free to contact me for more details , or to answer any lingering questions , okay ? Thank you for the ` funnest ' question I have ever gotten to answer here !


Input: What Exactly Are Annuities?

Output: That 's a good question ! Annuities are an instrument by which to liquidate a person 's wealth over time . The time may be limited to the lifetime of the annuitant , or it may for a stated number of years `` certain '' . In that case even it the annuitant dies before the tiem period runs out the annuity will continue to pay the beneficiary until the money is depleted .


Input: What Exactly Are Annuities?

Output: An annuity is a systematic method of accumulation and liquidation of money that you desire to set aside for a later retirement . In the accumulation phase you mostly make deposits into your account . In the liquidation phase , you can take money from the account to provide a steady monthly income for a period of years , and even for the balance of your life . Annuities pay interest like a savings account . Unlike a bank savings account , you do n't pay income tax on the interest gained until you begin liquidating your account with either a stream of payments of lump withdrawals . When interest you earn is not taxed today , it has a chance to compound and grow faster . The government will get to tax your gain at a later time , when you start taking out the money . Some annuities can be deducted from income on your 1040 tax statement and this also helps your retirement funds grow faster . These types of annuities are referred to as `` qualified annuities '' because the annuity meets the tax law qualifications that permit taking a reduction of income for the annuity deposit . While there are lots of rules , if you go back to the start and realize that an annuity is nothing more than a method of accumulating money for retirement , and also a method of distributing money from the account in retirement , you get most of what an annuity really is . Good luck .


Input: What Is Renewable And Convertible Term Life Insurance?

Output: What is renewable and convertible term insurance ? Well , first thing , if you 're going to buy term insurance it should be both renewable and convertible . Renewable means the coverage will be offered to you up till the policy term runs out . The price can and will vary over time , they can not cancel you , except for non payment , but they can raise prices over time . Convertible is important in case your need for life insurance goes longer than you expect . Most people at some point realize they have a lifetime life insurance need . Convertible means you can move into a permanent insurance product without having to prove good health .


Input: What Is Renewable And Convertible Term Life Insurance?

Output: That is a great question ! The term policy that you are looking at will allow you to renew it , or extend it yearly after its term period has ended . That is both a good and a bad thing , as it 's good to be able to renew it , but bad in that the price will jump hugely each year that you choose to renew it . Generally you can find a cheaper policy , so renewing is n't that great a perk . Now converting it is a better option . Your policy will allow you to change your term policy into a much smaller whole life policy , usually without having to have any medical exams . That is a good thing ! I hope that helps , thanks for asking !


Input: What Is Renewable And Convertible Term Life Insurance?

Output: Renewable and convertible term life insurance policies have features that allow you to do the following . 1 -RRB- Renewable . This means that you can renew your policy to last beyond the term period that you purchased . E.g A 10 year term policy may be renewable to age 80 , with the premium going up each year after the original 10 year period ends . Prices usually jump up drastically after the term ends , so the premium may not be affordable , and will keep going up . But if you only need your policy another year or two , having a renewable option can be helpful . 2 -RRB- Convertible . This feature enables you to convert your life insurance policy to permanent insurance within a certain amount of time . The window for converting is generally a set number of years , or to a certain age . The conversion rate will be based on prices for that policy at the time of conversion , and on your age at the time of conversion . Since permanent insurance costs more than term insurance , and being older increases prices , this also may not be an affordable option . However , conversion premiums are based on the health rating you got at the time your original term policy was issued . Therefore , if you have had a change of health since you took out your term policy , being able to convert it to permanent can be a good option to have .


Input: What Is A Good Price For Disability Insurance?

Output: There is a rule of thumb that a good price to pay for disability insurance is 1-3 % of their annual income for men , and 2-4 % of their annual income for women . If you have poor health or are in a high risk occupation , you may pay more , but your chances of becoming disabled are also higher . Also , your price will depend on whether you are supplementing a group policy , or providing your entire coverage on your own . You can contact a broker such as myself or others on this website to compare costs for your particular situation .


Input: What Do Medigap Plans Cover?

Output: Medigap plans are also known as Medicare supplement plans . They are designed to dovetail in to your original Medicare coverage and pick up the `` gaps '' in your Medicare coverage . Medigap plans pay claims approved by Medicare A and B but not paid by Medicare due to copay 's , deductibles and coinsurance .


Input: What Do Medigap Plans Cover?

Output: In general , Medigap plans are available to help cover the gaps with Medicare coverage . There are 10 standardized Medigap plans . Each has a different level of benefits . Medigap Plan F is the most comprehensive of all the standardized plans . It will cover all your Medicare approved charges not paid by Original Medicare Part A and Part B . If you were to look at an Outline of Coverage , Medigap Plan F would cover 100 % of the following : Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up . Medicare Part B Coinsurance or Copayment Blood -LRB- First 3 pints -RRB- Part A Hospice Care Coinsurance or Copayment Skilled Nursing Facility Care Coinsurance Medicare Part A Deductible Medicare Part B Deductible Medicare Part B Excess Charges Foreign Travel Emergency -LRB- Up to Plan Limits -RRB-


Input: What Is Life Assurance Vs Life Insurance?

Output: In the Commonwealth -LRB- especially the United Kingdom -RRB- , they use the words `` Life Assurance '' vs `` Life Insurance '' when referring to what Americans call Life Insurance . The titles both mean the same thing , which is a contract whereby the life insurance company will pay a death benefit to the beneficiary upon the death of the insured person .


Input: What Is Life Assurance Vs Life Insurance?

Output: In typical parlance life insurance and life assurance policies are the same thing . However there actually IS a difference in the legal definitions . The legal definition of Insurance describes what most people know as Term Insurance . That is a policy that insures the life of a person for a specified length of time or term . It has no cash value other than the death benefit and if you live past the end of the term the policy is ended and there is no cash value to the owner . Life Assurance policies are described much the same as the way we in the business describe Whole Life Insurance . That is the policy remains in force with a death benefit as long as the insured lives . But it also accumulates Cash Value by virtue of the Insurance Company 's investments of their General Fund . Therefore it not only has a `` surrender value '' , but should the insured live beyond the `` maturation date '' , usually 95 , 100 or 120 years , then the accumulated cash value or the `` face value '' , whichever is greater is returned to the owner . Life Assurance policies may be governed by the securities administration depending on how they are set up and must be sold only by persons licensed in securities .


Input: When Can I Get Medigap?

Output: Medigap plans are available to individuals beginning at age 65 . In some states , disabled individuals under age 65 can also be covered after qualifying for Medicare Parts A & B. I would need additional information on your state , age and situation to determine coverage options . Please contact me or send an E-mail to usainsurance@cox.net, if you want additional information .


Input: Why Is Auto Insurance So Expensive In Ohio?

Output: Auto insurance in Ohio is actually fairly inexpensive ... if you know where to look . As an experienced broker here in Ohio -LRB- just North of Cincinnati -RRB- , we specialize in finding the lowest available rates offered by the top-rated carriers . Prices are based on many factors including your age , where you live , the type of vehicle you drive and how good -LRB- or bad ! -RRB- your driving record is . Typically , rates here in the Buckeye state are lower than most other states . A younger driver -LRB- under 21 -RRB- will usually pay a higher rate . There are , however , many discounts that can help reduce the premium . Each carrier has a different set of discounts so shopping can make a big difference . Also , by having an experienced broker shop for you , you may be able to find better pricing . Whether its State Farm , Esurance , Progressive , Geico or Farmers -LRB- or many others -RRB- , as experienced brokers with top-rated websites , our job is to help consumers find not only the best prices , but the most appropriate coverage for their specific circumstances .


Input: Why Is Auto Insurance So Expensive In Ohio?

Output: On average , Auto insurance in Ohio is near the lowest in the nation . Ohio averages $ 648 for auto insurance for 6 months , which is nearly $ 200 less than the national average . -LRB- WEBSITELINK -RRB- There are a number of reasons , however , that YOUR rates may be higher . The obvious factors of driving record , type of car , your age and gender , and where you liveplay a role . However , some other factors are credit score , length of time with a previous insurer , and even education/occupation can help determine which risk category you fall into . Another factor to consider is the amount of coverage you are receiving for the premium you are paying . The more coverage you have , the higher your payment will be . However , you should remember that minimum coverage is just that : MINIMUM . It likely would n't be enough to pay if you were sued for causing a serious accident .


Input: What Is Traditional Indemnity Health Insurance?

Output: Indemnity health insurance major medical plans really do n't exist any more . These plans do not have any doctor or hospital networks and pay a flat dollar amount or percentage of UCR when claims are filed . There are a number of indemnity health insurance plans in the market place that are not true major medical plans . There is nothing wrong with these plans until you have a large claim and need to use them . Then you find out how little they pay towards your claims .


Input: Will Life Insurance Affect SSI?

Output: If you are inquiring about if life insurance will affect SSI disability benefits , the answer is : It may . Life insurance is classified as a resource asset . Resources are a factor of SSI eligibility benefits . Life insurance is a resource that will not be counted toward the asset limit as long as your life insurance policy has a cash value of $ 1,500 or less .


Input: Can A Sole Proprietor Deduct Disability Insurance Premiums?

Output: Yes a sole proprietor can deduct disability insurance premiums from income for income tax purposes . If you choose to do this , it 's important to keep in mind that the benefits paid by the policy if on claim will be received as taxable income and you will need to pay income taxes on the benefits received . If instead you choose not to deduct the premiums , then the benefits can be received income tax free .


Input: When To Buy Whole Life Insurance?

Output: Whole life insurance is a permanent insurance product that provides coverage for the whole of your life . If you require permanent coverage then you should definitely consider whole life . Whole life insurance has many personal and business financial planning uses in addition to providing a level premium permanent death benefit . The build up of cash value offers tax advantaged growth which can be used to supplement retirement income , fund executive benefits and much more . The important thing to remember is that life insurance provides cash at death so get the required coverage first . You can always add term riders to give you the required amount . You can always convert it later . 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: When To Buy Whole Life Insurance?

Output: Buy whole life insurance when it hurts just a little bit . After a period of time that hurt will go away and you will be patting yourself on the back for your long sightedness . Dont think that you need all of your life insurance to be in a single policy . While there might be incremental savings in that approach it could lead to unnecessary and expensive delays . Senior citizens will tell you that they wished that they had bought more whole life and bought it earlier . They seldom say that they have too much insurance and would often like to purchase more but can not because of health and age .


Input: When To Buy Whole Life Insurance?

Output: This can vary depending on the need for the life insurance . In general , it 's better to buy it at a younger age than an older age as it will have more time for the cash value to grow . Since it 's a whole life policy , the premiums will remain guaranteed for life . Participating WL policies may have the option to use dividends to continuously reduce the premium over time and eventually become a self-sustaining policy with no future premium payments required -RRB- . The dividends can also be used to buy paid-up additions to increase the total death benefit . If you are only concerned about the death benefit and not the cash value , you may also want to consider a guaranteed universal life policy to maximize the death benefit while keeping the premiums to it 's lowest levels -LRB- this is generally more advantageous for older individuals -RRB- . Please feel free to contact me for assistance . Thanks very much .


Input: When Is Long Term Care Insurance Tax Deductible?

Output: Qualified Long term care insurance is a tax deductible item when applied toward medical expenses . If you are self employed , 100 % of the premium is deductible -LRB- up to age based limits -RRB- . If you are employed and pay your own LTC premium , only the amount that exceeds 7.5 % of your adjusted gross income -LRB- when LTC premiums are added with medical bills and premiums -RRB- is deductible . For employers and members and partners of some corporations , there are additional options for deducting Long Term Care Insurance premiums .


Input: How Do Guaranteed Annuities Work?

Output: Guaranteed annuities are the basic annuities underwritten by insurance companies . In these annuities the risk of investment and life expectancy are all born by the insurance company . For an immediate annuity the company guarantees a lifetime stream of income . If the annuity is a deferred annuity they also guarantee that the annuity will increase in cash value at a minimum specified rate of interest and then guarantee the proceeds will purchase an immediate annuity at a guaranteed rate .


Input: How Do Guaranteed Annuities Work?

Output: The traditional annuity was a unilateral contract in which the insurance company promised to pay a guaranteed stream of monthly income for the balance of your life . Some people feel that they can invest money and be more successful than the insurance company and so they purchase contracts in which the accumulation of the funds is not guaranteed . Sometimes these variable funds are available during the payout period as well .


Input: How Do Guaranteed Annuities Work?

Output: Assuming you 're addressing non-qualified tax deferred annuities crediting a fixed interest rate , here 's a few items of discussion . Annuity companies generally have investment portfolios dominated by investment grade government and corporate bonds . The company keep a some of the portfolio earnings and then credit a fixed interest rate over a fixed period of time like 5 years to the policy owner . The surrender charges protect the company from `` disintermediation '' the mismatch of portfolio returns and interest policy crediting from policy owners who elect to surrender the policy before the contract terms are over .


Input: How Do Guaranteed Annuities Work?

Output: A Guaranteed Annuity is not a true type of annuity . It is just a general term that refers to any annuity with a Guaranteed Rate . All Fixed Deferred and Fixed Immediate Annuities are guaranteed . Indexed Annuities also feature guarantees , but also offer the chance for a return that is higher than just the guarantee .


Input: How Do Guaranteed Annuities Work?

Output: I believe what you are referring to is a fixed annuity.Fixed annuities are a type of annuity that has a defined , guaranteed payment structure . The annuitant agrees to pay the insurance company a single payment , or a series of payments , and the insurance company agrees to pay you a fixed amount -LRB- income -RRB- , starting immediately -LRB- an immediate annuity -RRB- or at a later date -LRB- a deferred annuity -RRB- , for a specified time period -LRB- this could be for 10 years , 15 , years , 20 years , for life , etc. -RRB- . The monies put into an annuity grow on a tax-deferred basis , which is a huge advantage for your retirement planning . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can I Borrow Money From My Retirement Plan?

Output: Can you borrow money from a retirement plan ? It 's going to depend on the plan that you are participating in . Since the term borrowing is involved , I will assume this is about borrowing from a 401k plan . The ability and the reasons allowed for borrowing are set by both government and administration of the plan . The government has some straight forward situations where loans can be granted . What a retirement plan committee can do though is add acceptable reasons for loans . The question becomes even if loan provisions are offered , should you use this as a source of loans ? Only as a last resort . Even though you get to pay yourself back at low interest , you have removed money from your investment pool that could earn more than a low interest rate . So you could be losing money by doing this . Then if for any reason you separate employment the loan balance is immediately due . and could be considered a distribution subject to penalty . Last choice .


Input: Can I Borrow Money From My Retirement Plan?

Output: There are two main retirement plans : qualified and non-qualified . Qualified plans allow for participates to borrow from their plans at a stated interest rate . But just keep in mind that if you change jobs the plan may call for you to pay back the loan before you transfer it to another . Non-qualified plans that use annuities or life insurance are generally individually owned . Annuities may allow a withdrawal -LRB- not a loan -RRB- without surrender charges , but are subject to tax on the gain and a 10 % penalty if youre under age 59 . Permanent life Insurance allows borrowing at an interest rate and may not , if the policy has performed , require the loan to be repaid .


Input: What Is The Best Medicare Part B Supplement Policy?

Output: Medicare Supplements actually supplement both parts of Medicare - Part A and Part B. Deciding which is the best supplement for you depends on several factors - some of those are your health , your financial situation and the rates in your area . The plans are Federally-standardized , so all companies are required to offer the same coverage plans -LRB- in most states -RRB- . However , rates can vary considerably . Because the coverage is the same and rates vary , it is important to compare plans on the basis of rates - both the company 's current rates and track record of rate stability if you can obtain that . Strictly speaking about the coverage , Plan F is going to offer the most comprehensive coverage , paying both of the Medicare A & B deductibles and the Medicare coinsurance . However , when it comes to comparing the actual companies that offer Plan F , it is crucial to compare on the basis on current and -LRB- projected -RRB- future rates .


Input: What Is The Best Medicare Part B Supplement Policy?

Output: The best Medicare supplemental insurance plan in your state is one that matches your needs and budget . Medigap insurance rates vary considerably by zip code , age , tobacco use and plan . The older you are the higher your Medicare supplement rate will be . The exception is for those who are under age 65 and on disability and Medicare . In most states rates for under age 65 are astronomical . Many carriers offer competitive rates from age 65 to 74 . Above age 74 some plans -LRB- surprisingly -RRB- become more competitive while others less so . Tobacco use often adds 20 % to the rate but can be more , depending on the carrier . Plan F is the most expensive -LRB- and most popular -RRB- followed by D or G -LRB- depending on your state -RRB- , N then Hi F . You can generally find a site that offers `` instant Medigap quotes '' but keep in mind the most competitive rates are usually not illustrated online . #GeorgiaMedicarePlans #MedigapRatesGeorgia


Input: Will Renters Insurance Cover Hotel Costs?

Output: In adjusting a claim the adjuster will want to get you back into your residence with the minimum amount of disruption . If having you stay in a hotel is the best solution that is what the adjuster will do . Because there isnt a one-size-fits-all solution , you should discuss this with your agent and the adjuster .


Input: Does Health Insurance Make Sense?

Output: Great question ! Let me ask you one - would you be able to cover the medical expenses if something were to happen and you did not have it ? Knowing that without insurance , it will be more difficult to be treated , you will most likely be sent to a clinic/hospital that is dedicated to treating the uninsured , and that a simple overnight visit can cost you several thousand dollars , would it make sense to have it ? A sad statistic - catastrophic medical events are the cause of roughly 60 % of the bankruptcies in the world -LRB- and most had some form of insurance -RRB- . Please be one of the 40 % . Thanks for asking !


Input: Does Health Insurance Make Sense?

Output: Yes . The purpose of health insurance is to protect yourself financially in the event of a catastrophic event by shifting the risk to a third party -LRB- the insurance company -RRB- . This way you 're only paying a small amount of money and not stuck with a bill for 10s of thousands of dollars , if not 100s of thousands of dollars . Would you rather pay a small amount of the bill or take on the entire thing yourself ? For example , if you have a health insurance plan and broke your leg and needed to have a $ 100,000 surgical operation , you may only be responsible for a few thousand dollars of it -LRB- e.g. your deductible or coinsurance -RRB- , as opposed to being responsible for paying the entire bill yourself . How many people could afford to write a check for that amount without liquidating all of their assets ? Many health plans will provide additional benefits as well , such as coverage for preventive care , routine doctor visits , prescription drugs , etc. .


Input: Does Health Insurance Make Sense?

Output: Health insurance does make sense from the stand point of protecting yourself from financial loss due to an unexpected illness or accident . The hot debate now is `` Does Obamacare make sense ? '' That conversation still does n't have an answer . As an agent who works for his clients I still advise each and every family to purchase the best coverage they can afford to make sure they are n't regretting it down the road .


Input: Where To Buy Car Gap Insurance?

Output: There are a few ways to obtain so called `` GAP '' insurance for your car . If you lease the car , in many cases , the dealership builds this coverae into the leasing agreement . It would be important to talk with your Insurance Professional about this as well , however , if your plans are to lease , because in many cases , this coverage can be included in your auto insurance policy and probably for less cost than the same coverage built into your lease agreement .


Input: Why Is The Market For Long Term Care Insurance So Small?

Output: The market for Long Term Care Insurance really is not a small market . Thousands of people who need Long Term Care Insurance do not purchase it for one reason or another : price , denial , and lack of information all play a part . However , the market is reduced by age -LRB- most people do not have an interest in purchasing long term care insurance before age 50 -RRB- , health -LRB- at older ages , more people are disqualified due to health problems -RRB- , income -LRB- many retired persons do not have the income to sustain payment of long term care insurance premiums -RRB- , and assets -LRB- without assets to protect , there is less need for LTCI coverage -RRB- .


Input: What Happens When You Surrender A Life Insurance Policy?

Output: When you surrender your life insurance policy , your coverage ends and you stop paying premiums . The insurance company will pay the cash surrender value of the policy which will take a week or two . The cash surrender value is less than the total cash value in the early years of a policy due to a surrender charge which is usually a charge that decline to zero over a period of 5-20 years , depending on the policy . Any policy loans outstanding also reduce the cash value . If you have any gain in the policy - cash surrender value less premiums - then it will be taxable as income .


Input: Will Homeowners Insurance Cover A Lost Diamond?

Output: Homeowner 's insurance can potentially pay for a lost diamond if you have it `` scheduled '' on your policy . When this is done , you are covering the ring for a specified amount , and generally all risks are covered . The premium charged is in addition to the regular policy premium . There also may be a rider that extends coverage to include that risk , althoughschedulingis often the best option .


Input: How Does A Whole Life Insurance Loan Work?

Output: That is a great question ! Whole life policies start to accumulate a cash value after the first couple of years the policy is in force . Over time , this cash value can grow to be a fairly substantial amount of money . In the event that you needed some quick cash , you can borrow from this fund , pretty much no questions asked . To do this , you just contact your agent , and ask if your cash value is great enough to cover what you want to borrow . I suggest this , because the amount borrowed can be enough over time with interest to cause your policy to become insolvent , and you are left without insurance . Your agent can help determine how much you can safely borrow -LRB- especially if you are n't really planning to repay it -RRB- . They will write you a check , and you now have tax free cash in your hands to use as it 's needed . Bear in mind that your death benefit will be reduced by however much your loan with interest is at the time you pass ; and that if the interest on the loan exceeds a certain amount , the company will cancel your policy . But it is still the best way to get quick cash without any credit hassles . I hope that helps , thanks for asking !


Input: How Does A Whole Life Insurance Loan Work?

Output: Short answer : You simply tell the insurer that you want to take a out a loan on your policy . The company will then issue you a check in the amount you request up to the allowed maximum that insurer allows . The rest of the story : Legally you are not required to pay back the loan . However , the insurance company is charging you interest on the loan - most charge 8 % . Over time the loan and the interest can eat up the cash values and make the policy implode - or default , or lapse . Whole Life policies are either ` include ' -LRB- most policies -RRB- , or ` exclude ' -LRB- rare -RRB- . What that means is that the cash value accumulation is either included as part of the face amount or it is excluded from the face amount . If it is excluded then the loan will not adversely affect the face amount death benefit ; but since most whole life policies are ` include ' the death benefit will be reduced by the amount of the unpaid loan and interest accumulated . Policy loans are a great way to cover unexpected emergencies , or college tuitions , or a new home down payment ; but I would not just arbitrarily borrow my cash values . That is not a good practice .


Input: How Does A Whole Life Insurance Loan Work?

Output: To provide for continuous coverage at a level premium a whole life policy develops cash value . The owner of a policy may borrow from the company using the cash value as collateral . The company charges a percent or more above the interest guaranteed on the cash value . Any portion of the loan that is not repaid at the time of death or surrender will be subtracted from a cash settlement .


Input: What Is Covered Under Disability Insurance?

Output: Disability insurance pays a monthly income -LRB- generally tax free -RRB- and covers prolonged sickness and/or recovery from an injury . The payments start after the elimination or waiting period has been satisfied . It 's important to secure and maintain disability coverage because fundamentally it 's paycheck protection beyond the basic stipend of Social Security disability benefits .


Input: What Is Covered Under Disability Insurance?

Output: Disability insurance covers periods of incapacitation from injuries and sickness , essentially paycheck protection . It can be purchase for short or long periods of disability with elimination periods that fit your cash reserves .


Input: How Much Disability Benefits Can I Get?

Output: Disability Benefits are based on your income . Generally speaking , you can get up to about 70 % of your income as a Benefit . In other words , if you make $ 5000 per month , 70 % would be $ 3500 . This is a tax free benefit back to you during the disability period . You can not get more unless your income increases . If you would like a quote specific to your income , do not hesitate to reach out to me or your broker .


Input: How Much Disability Benefits Can I Get?

Output: How much disability benefits can you get ? Well it 's going to depend on what you may have through your employer and the order the plans are purchased in . Usually an individual disability plan will allow the purchase of up to 70-80 % of your income . If you have an employer sponsored plan in place , the insurance company may limit how much they will sell you to keep coverage in that 70-80 % range . However , you can buy individual coverage first and then if later your employer adds disability coverage as a benefit you can cover 100 % of you income .


Input: Is A Fixed Index Annuity A Security?

Output: That is an excellent question !! Many people become confused by this type of annuity because of it 's connection to the stock market . The annuity does have it 's performance linked to the performance of the market , but it does not involve any particular stock . Your annuity gains based upon the gains that the aggregate market gains , not ant particular stock . For example , your annuity bases its gains on the S&P 500 . If the S&P 500 rises from point a to point b , your annuity credits your fund with a promised gain . You have not purchased any stock , nor are you participating in the market . You are just `` gambling '' on its performance . Since there is no stock investment , it is not considered a security , unlike a variable annuity , which does invest in the market , and therefore is considered a security . I hope that helps , thanks for asking !


Input: How To Add A Dependent To Health Insurance?

Output: Dependent children can be covered under their parent 's health insurance policies up to age 26 . The main questions are the timing of your wanting to add this dependent to your coverage or if a change of life status event has occurred that allows for the addition of a dependent to your policy . If it 's renewal time for your coverage then it 's simply a matter of requesting the paperwork to add thedependent to your coverage . In the context of group health insurance plans it is quite likely that if it is outside of your plan 's open enrollment period that a change of life status event will have to occur for you to be able to add your dependent to your coverage . The most common change of life status events are marriage , divorce , birth of a child , adoption of a child or loss of other health insurance coverage . If you had the dependent during your last open enrollment period and did not add them to your group 's policy at that timeand there has been no change of life status event in the interim you will almost certainly have to wait until your group 's next open enrollment period . Also , in one of the quirks of ObamaCare , spouses are not technically defined as dependents -LRB- I know , it does n't make any sense but remember our politicians did n't read the law before they passed it -RRB- . So , with health insurance rates rising sharply you are seeing more employers not providing spousal coverage , or allowing spouses to be covered only of they do not have coverage available through their employers -LRB- if they have one -RRB- , or you may see an extra charge assessed for covering a spouse that has crappy coverage elsewhere . Just a word of warning regarding possible surprises you might encounter in wanting to add a spouse to your coverage .


Input: Is Home Insurance Included In Mortgage?

Output: When a home buyer uses a conventional loan they are generally not required to use impound accounts to pay for taxes and insurance . Since many loans do not meet that criteria lenders require that the premium for the homeowners policy be collected in increments throughout the year along with other charges . The purpose for this is to make sure that the homeowner maintains coverage and protects the mortgage companys interests .


Input: Is Home Insurance Included In Mortgage?

Output: That is a great question ! It can be , as well as your taxes that you will owe , if there is an escrow account tied to your mortgage payment . Many people find that it is easier to have the mortgage payment be a little bit more each month so that those payments are accounted for , and in the case of taxes , not a big chunk to have to swallow all at once . I have mine set up that way , because my tax bill gives me a headache just looking at it , and it 's much more palatable when it 's a `` paid '' line on my mortgage statement . Thanks for asking !


Input: Does Renters Insurance Cover Flood In Apartments?

Output: Neither renters or homeowners insurance will cover flood damage . Flood insurance pricing is set by the federal government and sold through a limited number of private carriers . To be able to purchase flood insurance you must first find an agent in your area that is licensed to sell this coverage or if you wish you could find a carrier online .


Input: Does A Veteran Need Long Term Care Insurance?

Output: A veteran needs Long Term Care Insurance if he/she does not want to utilize long term health care provided by the Veterans Administration . This may be due to location or some other bias the veteran has about receiving VA medical care . Or a veteran might want Long Term Care Insurance in case he/she can not qualify for full benefits or full compensation for care offered by the VA. .


Input: Is Life Insurance Considered An Asset For Medicaid?

Output: Whole Life or Universal Life Insurance that has a cash value can be considered an asset for Medicaid purposes . You are allowed a final expense policy when going through a Medicaid spend down , so the policy might be able to be designated for that . You have a legal right to convert your Life Insurance into a Long Term Care Benefit Plan , allowing you to keep a reduced face amount and using the cash value to pay for Long Term Care needs . To find out the best way to handle your life insurance policy , be sure to know the Medicaid guidelines for your state and contact a knowledgeable agent to assist you .


Input: Is Life Insurance Considered An Asset For Medicaid?

Output: If you are the owner of the policy and the policy has cash value , then yes it can be considered as an asset for medicaid purpose . If your current policy has cash value , there are several different options you can utilize to get around that issue . Talk to whoever sold you the policy .


Input: Why Is Auto Insurance Mandatory?

Output: Auto insurance is mandatory in states to protect those driving and thier personal property , it is also to protect you.Let 's say I accidentaly hit you at an intersection and total your $ 40,000 car . If I do not have auto insurance with Liability then fixing or replacing your auto would be on you . If you decided totake legal action against me and even won the judgement but I havelittle to nomoney or assets thengood luck getting the money from me . Auto insurance is to protect you and others you may be liable to . I hope this helps .


Input: Does Life Insurance Affect Financial Aid?

Output: If by financial aid you mean Medicaid then yes it can . Most state will only allow $ 2000 or less in assets to qualify for Medicaid . If a life insurance policy has more than $ 1500 in cash value you will be required to dispose of the asset by either cashing it in and spending the money or irrevocably assigning the policy or cash value to a funeral trust or funeral home . If you mean financial assistance for college , then the answer is generally no , in fact it would be encouraged so that there would be money available to pay off your student loans .


Input: Does Life Insurance Affect Financial Aid?

Output: Term life insurance does n't affect financial aid . Life insurance owned by a trust and out of the estate does n't affect financial aid . However if the cash values of a personally owned life insurance policy are cited as an asset for personal bank loan purposes or business loans , it could be construed as a cash asset and may be characterized as an asset for financial aid means testing .


Input: Do I Need A Medicare Supplemental Insurance?

Output: Only you know the answer to that . Some people have a lot of money and can absorb the risk themselves . If you are in that situation you can consider a high deductible Plan F which allows you to self-insure for the first $ 2,100 but have insurance protection for the balance of your medical bills . Most seniors choose to have first dollar coverage with a plan F or close to it with a Plan G or Plan N supplement . Another choice is the Medicare Advantage program where you pay little or no premium and carry your insurance through an insurance company of your choice rather than through traditional Medicare . Everyone should sit down with their local insurance broker and look at the numbers with the various choices . Once you understand the numbers , it 's simply a math problem and how much risk you want to accept . Then after all that research and calculating ... most of us just go with what our wife is comfortable with .


Input: Do I Need A Medicare Supplemental Insurance?

Output: Do you need a Medicare supplement insurance plan ? When you consider that Medicare will only pay about 80 % of your medical bills , that means you could be on the hook for a lot of out of pocket , unpaid bills if you did not have a good Medicare supplement insurance plan . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: Can You Unenroll From Medicare?

Output: You can , but you do n't really want to . If you disenroll from Medicare Part A you will forfeit your earned Social Security benefits . A US District Court ruled that if you want to receive Social Security you must be enrolled in Part A . If you disenroll from Medicare Part B and later decide to re-enroll you will pay a late enrollment penalty .


Input: Can My Car Insurance Be In Another State?

Output: Most states require proof of car insurance in order to register your car for use on public roads and highways . So , if you reside in one state and have a car registered there , then the insurance would have to be issued from that state as well . Check with your Insurance Professional about the terms and conditions of your policy , but generally , the coverage you have in your policy will protect you across state lines , and into Canada . There may be limitations on travel to Mexico . Now , there may be other factors to consider as well . Here in CT , once one establishes residency , one has 30 days in order to register their car here . In order to register a car here , a CT issued Insurance policy will be required .


Input: How Much Long Term Disability Insurance Should I Have?

Output: It really depends upon how much you have in savings but I would suggest purchasing the maximum amount . You may purchase up to 70 % of your current income to replace your earnings in case of an illness or injury that medically disables you from performing your duties in your occupation . If you have a large nest egg to tap into in case of becoming disabled , then you can purchase less .


Input: How Much Long Term Disability Insurance Should I Have?

Output: Add up your monthly expenses for rent or mortgage payments , food , child care , utilities , entertainment , transportation , etc. . How would these things get paid if you became disabled ? Whatever amount is needed to cover your bare expenses should be the amount of Disability Insurance you purchase , if possible . If you are able to get more , and can afford more , it would not hurt to go up to the max as you would also have medical bills to pay if you were to become disabled .


Input: If you have a licesed driver living in your home, and they are not on your policy, are they covered?

Output: That can depend upon your insurance company . Some companies extend coverage to anyone you designate to drive your car regardless of their being listed as a driver . However , that having been said , willfully choosing not to tell your insurance company that you now have a licensed youthful driver residing in your home would constitute a fraud . Such action prevents your company from charging adequate premium for the risk they are assuming and might give them grounds to deny a claim that was caused by that child . It is a large risk that should be avoided by just telling your Insurance Professional. ,


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

Output: Basic Life Insurance cover death by any reason . This means that the Insured person could pass away from illness , accident , or `` old age '' and the policy would pay the death benefit to the beneficiary . AD&D stands for Accidental Death and Dismember insurance . As the title says , it only pays in circumstances that result from accidental death or loss of limbs . Even an accident that is caused by illness -LRB- such as being in a fatal car wreck due to having a heart attack while driving -RRB- will not be covered .


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

Output: Basic life insurance protects against all causes of death with the exceptions of suicide during the contestable period as well as misstatements , misrepresentations or material omission construed as fraud . AD&D or accidental Death and Dismemberment , pays only on death claims caused by accidents , i.e. not by disease and dismemberment , the loss of limbs paying out a fixed benefit .


Input: What Does Liquidity Mean In A Life Insurance Policy?

Output: Liquidity in life insurance generally refers to the cash value in permanent life insurance . While the primary reason to have life insurance is the income tax free death benefit , the living benefits of ownership derive from its cash value . The owner can partially withdraw or borrow cash values while continuing the policy or the owner can surrender the policy entirely and receive its cash surrender value . Any gain in the policy would be taxable as income to the owner .


Input: What Does Liquidity Mean In A Life Insurance Policy?

Output: Permanent life insurance policies can accumulate cash values for liquidity purposes . Depending on the type of policy and when youre attempting to liquidate cash values , will determine if you have liquidity . Liquidity is in the eye of the beholder . How much liquidity is necessary , only the policy owner can define ? That being said , be advised , that non modified endowment contract policy loans may have a price tag . Policy loans provisions can charge from zero to 400 basis points depending upon what life insurance policy you own . But you need to be careful about taking withdrawals of basis in the first 15 years of a policy that has gain in the policy . Certain policies are subject to the force out rule and can actually expose the policy owner to a taxable event . The first step is to order an in force ledger to determine the total cash value less surrender charges and policy expenses . Then then have the life insurance company predetermine if access to cash values can be achieved without a taxable event . Keep in mind that the contract must be kept in force for the life of the insured -LRB- not the policy owner -RRB- or a taxable event could occur .


Input: How Much Renters Insurance Should I Get?

Output: Get as much renter 's insurance as you need , but no more . Also ... factor in the monthly amount you can afford , and keep that it mind . An experienced broker -LRB- yes , I like using that phrase -RRB- can review with you theamountof coverage you should have and what insurer offers the best policy for the most affordable premium .


Input: How Much Renters Insurance Should I Get?

Output: I recommend that you purchase all of the liability coverage that the company offers . A lawsuit will ruin your weekend . I recommend that you take a camera and photograph the contents of your rental unit . Sit down with a piece of paper in inventory everything in the pictures . Make a guess as to the replacement cost of each item , including your clothes . Add up the column of numbers and you have the amount or personal property that you own . I suggest that you insure for the full amount of your estimated replacement cost . It might sound like you are going to have a large premium but nothing compares to having a fire sweep through your apartment and be without any coverage .


Input: Which Variable Annuity Is Best?

Output: You could review a number of variable annuities and compare them on the basis of cost , if that what you mean by best . It wouldnt be worthwhile to review them on the basis of results as each individual annuity owner selects the securities in the variable annuity . However , I think that the way to determine quality is to know the agent or adviser who is recommending the annuity . In the end it is their advice that can add to your wealth


Input: Can A 75 Year Old Get Life Insurance?

Output: Yes , I have companies that will issue policies up to age 85 . I even know of plans that have no health questions . You have to pay more , but if your health is bad , they can be of help unless you are terminal and die within 2 or 3 years , in which case you will only get a percentage of the death benefit . If you are in reasonably good health , their are simplified issue plans that will pay the death benefit with no waiting period .


Input: Can A 75 Year Old Get Life Insurance?

Output: The simple answer to the question is YES . Depending upon your health , the policy can be issued . New York Life issues Life Insurance to folks up to age 80 . The price will depend entirely upon your health . How often do you see a doctor ? What for ? Do you have regular exams ? Do you take medications ? How many and what for ? I would love to talk with you about your needs . Gary Lane , Registered Representative , New York Life . 949 797 2424 .


Input: Can A 75 Year Old Get Life Insurance?

Output: Yes , a 75 year old person can get life insurance with many different life insurance companies . Most of the options will be Universal Life or Whole Life at this age , but there are a few Term policies available at age 75 , as well . Contact a trusted agent or website to shop around and get your most competitive price .


Input: Can A 75 Year Old Get Life Insurance?

Output: YES , there are products available which will cover up to age 90 . The death benefit may be limited as final expense policies generally are no more than $ 50k . The Final Expense policies are what we call simplified underwriting where no blood/urine or exam is required . Being age 75 , your options are greater with an unlimited death benefit providing you qualify for the amount and as Gary said , the premium will be affected by your current health and medical history . Be sure life insurance is the right answer to meet your needs . Be forthcoming with your agent so you get the best possible strategies and solutions to your needs .


Input: Does Geico Write Homeowners Insurance?

Output: Geico does write home insurance as a broker but not as an insurer . This means that you can work with a Geico representative to purchase a home policy and they can even service the policy , but that policy is actually written through another carrier . If you have a home policy through Geico you can find out who the insurer by reviewing the policy declarations page .


Input: What Is Temporary Disability Insurance?

Output: Temporary Disability Insurance is provided by five states and Puerto Rico . The states are New Jersey , Rhode Island , Hawaii , California , and New York . The benefits pay for partial loss of wages suffered from disability not occurring on the job , and causing the person to not be able to work temporarily .


Input: How Much Is Aflac Disability Insurance?

Output: To obtain the cost for Aflac Disability Insurance for you , you need to contact their company or a local American Family Life Assurance Company of Columbus agent . The price will depend on a number of factors and the type of policy you choose . An Aflac agent can guide you through those choices and help you get the Disability policy that works best for you and your budget .


Input: Does Obama Want To Take Away Medicare?

Output: It 's difficult to gauge what the ultimate goal of any politician is , that being said it appears the current administration is trying to get the costs associated with Medicare reduced . It appears they have put into the healthcare law a non-elected board that pretty much has ultimate power and has charged them with reducing how much Medicare will reimburse . From what I 've gathered this is done to help reduce costs . Ultimately , only the President knows his real intentions . I hope that helps .


Input: Does Obama Want To Take Away Medicare?

Output: Certainly President Obama has never publicly made any statement that would indicate a plan to take away Medicare and to do so would be an act of political suicide . Whatever position you may take on our president 's actions , results or intentions , he has demonstrated some pretty keen political survival skills . The more appropriate question would be `` Are the President 's health care policies going to have a negative or positive effect on Medicare ? '' An examination of the Affordable Care Act and its funding mechanisms shed more light on this subject . To help pay for the expansion of health care for those under age 65 and to provide the premium subsidies for persons earning less than 400 % of the Federal Poverty Level you will find that approximately $ 700 billion dollars in what would have been increased spending on Medicare are being diverted to ObamaCare over the next decade . We will still be spending more on Medicare 10 years from now than today but at reduced levels and at precisely the time when more Americans than ever will be moving into Medicare as the Baby Boom generation fully enters its Medicare years . The net consequence of this would seem to be negative to the Medicare population . Projected reimbursement levels to health care providers for serving Medicare patients -LRB- already thought to be below or at the cost of providing these services by many health care providers -RRB- are expected to steadily decline in the coming years and I have seen reports indicating that they will fall below reimbursement levels for Medicaid patients . The number of physicians accepting new Medicare patients is already a national problem and if reimbursement level decline as predicted this will only make the access problem worse for senior citizens . And , yes , a national review board is supposed to provide `` guidance '' on appropriate treatments for seniors though the composition of this body and any recommendations they will be making are unclear at this time . This is the so called `` Death Panel '' some have referred to . This term may be overstated but as described in the health care reform law it will have great latitude in its decision making and little outside oversight . So , I will conclude by saying that the reasonably expected impact of the health care reform law on the Medicare population does not bode well and will make it even harder for the program to live up to the expectations of the persons who will be covered by it . Remember , while campaigning , then Senator Obama , when asked by a person if his program would pay for a pacemaker to be implanted in her 100 + year old mother who was still active , had a will to live and wanted to enjoy a good quality of life , said in response that `` will to live '' was a subjective measure that would be impossible to administer and that perhaps the best response would be for her mother to just take a pain pill . Though to be fair , he did n't say whether she should just take a pain pill as needed or to take a handful and wash them down with some Jack Daniels .


Input: Does Obama Want To Take Away Medicare?

Output: Great question ! I think it is safe to say you would not hear ANY politician go public with his or her desire to remove medicare -LRB- Unless you are supported by the Koch brothers , they have made some statements towards the removal of all government assistance programs in which case their money might trump the fear of not being elected -RRB- . Politics aside -LRB- and I 'm not taking one -RRB- just simple mathematics doom our medicare program as it stands . Without a change in spending or an increase in revenue , our current program goes belly up in 2023 . Social Security follows about 10 years later . We have approximately 10,000 Seniors turning 65 every day , and most are not prepared to deal with the costs of long term medical care , and are reliant on the Medicare/Medicaid programs . With a shrinking workforce and an increasing user base , something has to give . For a really good explanation of the situation , Google Professor Michael Granof 's -LRB- Economics Prof. at the University of Texas -RRB- lecture `` American 's - living rich , retiring poor '' . Pretty sobering stuff . If there is anything I can do to help , feel free to contact me . Thanks for asking !


Input: Who Buys Life Insurance Policies?

Output: People who purchase life insurance have a desire to indemnify their beneficiaries , i.e. family members , business partners or charities that depend on their contributions . Buying life insurance is an issue of stewardship to your beneficiaries to protect them from financial liabilities , future obligations and create wealth for succeeding generations .


Input: Who Buys Life Insurance Policies?

Output: Those who buy life insurance policies represent many categories of people . Most policies are personal , and purchased by the breadwinners of families who want to protect their dependents . Often , new college graduates , newlyweds , new home owners , new parents , and new business owners buy life insurance . So do older persons who are looking for funeral coverage or doing their estate planning . Business executives and owners also buy life insurance for many business related purposes .


Input: What Is Loss Assessment Home Insurance?

Output: Most homeowners insurance policies provide some coverage for loss assessments due to a covered loss . If your homeowners association community charges you an assessment for damage that would be covered by homeowners insurance then you can submit a claim for reimbursement . For example , a community here in Richmond , Virgina recently assessed all homeowners $ 3,000 for damage to the pool house due to a fallen tree . My client 's home policy provided loss assessment coverage up to $ 5,000 and since this type of loss is covered on his homeowners insurance he was fully reimbursed less his deductible . Loss assessment coverage does NOT reimburse homeowners for maintenance fees . If your association board votes to paint a build or do any kind of maintenance work this cost is not covered .


Input: What Does State Farm Renters Insurance Cover?

Output: Every policy is tailored to each person . It depends on what you discussed with your agent and what coverage he/she gave you . Usually there is personal property -LRB- covers your stuff -RRB- , loss of use -LRB- covers for you to live somewhere else while your apt is being fixed from a covered loss -RRB- , liability , and guest medical .


Input: Do I Qualify For Medicare In Wyoming?

Output: If you have paid Social Security taxes for at least 10 years , or are married to someone over age 64 who paid SS taxes that long , and if you are age 65 , you qualify for Medicare in Wyoming and all 50 states . Your Part A will be free . If you do not qualify based on that criteria but are a US citizen , you can pay a premium for Medicare Part A . You can also qualify for Medicare if you have ESRD or ALS or have been on Social Security Disability for two years . Contact Medicare.gov for specifics .


Input: Is Renters Insurance Paid Monthly?

Output: When you obtain a renters policy , you are usually given the option of paying for your policy annually , semi-annually , or monthly . Sometimes there are fees associated with splitting up payments , so make sure that you ask your insurance company about that before deciding which payment plan to go with .


Input: Why Is Long Term Care Insurance Important?

Output: In all honesty , Long Term Care Insurance is not important for everyone . If you have very few assets and low income , you may sacrifice to pay Long Term Care premiums for extended care that may or may not be needed , and that Medicaid could cover if needed . If being able to choose your own place and type of extended care is important to you , then Long Term Care Insurance is a great thing to own even with low assets , as long as you can afford to pay the premiums . Long Term Care Insurance is most important for those who have an estate to protect . If you have saved up to pass an inheritance to your loved ones , or wish to pass a business to a successor , your intentions could be jeopardized if you were to to need care for an extended period of time . Long Term Care can pay that for you and allow your estate to remain untouched .


Input: What Is The Average Renters Insurance Per Month?

Output: The rate for a renters policy is dependent upon the location of the unit , the year of construction , the fire protection available , and the loss history of the unit and the occupants . As you can see these are unique for your unit . If you know of another unit nearby that is about the same , the premium that they pay for a renters policy should give you an indication of what you could anticipate paying .


Input: Do You Need To Have Homeowners Insurance In Arizona?

Output: No State requires homeowners insurance ! Home Insurance is for the purpose of protecting your dwelling , other structures , personal property and liability exposure ; if you do n't wish to have this protection , you are always legally free to self insure . However , in the event that you have entered into a Mortgage Contract or any other contract that may require insurance on the secured asset , you may be obligated depending on your signed agreement . There isan online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Does Social Security Disability Include Medicare Coverage?

Output: According to Social Security , you are automatically enrolled in Medicare after receiving disability benefits for two years . The two parts of Medicare coverage you are enrolled in are the hospital insurance and medical insurance . Hospital insurance -LRB- Part A -RRB- is established to help pay for your inpatient hospital bills and some of your follow-up care . The taxes you paid while working helped pay for Part A coverage , so it 's no cost to you . Medical insurance -LRB- Part B -RRB- is provided to help pay your doctors ' bills , outpatient hospital care , and some other medical services . If you choose to enroll in Part B , this coverage comes with a monthly premium . Some other parts of Medicare include : Medicare Advantage -LRB- Part C -RRB- Prescription Drug Coverage -LRB- Part D -RRB- Part C plans are made available in many areas across the country . Part C allows you to receive all of your health care services through medical plans offered by Medicare approved private companies . Once you are on Medicare , you also have access to Part D or Prescription Drug Coverage . This type of coverage helps pay for your doctor prescribed medication . If you are a Medicare Beneficiary with low-income , you may be able to get assistance through your state for the payment of your Medicare premiums . To see if you qualify for assistance , it is best to contact your state or local Medicaid agency or welfare office .


Input: Which Is The Best Car Insurance In Texas?

Output: It depends . What is your specific situation - how many vehicles do you have , how many drivers are in your household ? Do any drivers have any tickets or accidents in the last 3 years ? Do you own a home and/or have other assets ? These are just a few of the questions that we 'll look to get answered to help us determine the best path for you.Please understand that there are several great auto insurance companies here in Texas ; every situation is unique and has it 's own factors that will determine how to proceed in securing the best autoinsurance coverage for your unique situation . I guess the best answer is which auto insurance company can best fit and satisfy your current situation and current needs?Give us a call at 469.206.8048 or you can e-mail me at WEBSITELINK and we 'll be happy to review your situation to get you the protection you need .


Input: Who Buys Critical Illness Insurance?

Output: People who buy critical illness insurance are those who have a genetic predisposition to certain illnesses based on family history , smokers -LRB- who have increased risk for getting some diseases -RRB- , those who have had loved ones with critical illnesses and have seen the impact firsthand , and those who do not have savings on hand to pay for the costs that come with this type of diagnosis -LRB- loss of work , travel , child care , bills -RRB- . All type of people buy critical illness insurance .


Input: Who Is A Good Life Insurance Company?

Output: There are hundreds and hundreds of good lifeinsurance companies . There are certain things to look for in getting good products at good premiums . First look for life insurance companies that specialize in life insurance and not the car or health companies that sell life insurance as a product line . You can choose well known life companies like Metlife , Prudential , NY Life , Transamerica , ING or John Hancock . These are great life insurance companies with big marketing budgets so theydo not always have the best premiums for the coverage . There are great little known life insurance companies like SBLI , Banner , Genworth , Assurity or Minnesota Life that usually independent brokers know about but not the general public because they do n't market their company and many times have better premiums for the same exact product of the well known names . Second look at the companies ratings with AM Best , Moody 's , Standard Poor 's and Fitch . Only choose `` A '' rated companies for financial strength . You want the company to pay your loved ones when you die .


Input: Who Is A Good Life Insurance Company?

Output: There are six rating services that measure the financial strength and claims paying ability of many of the life insurance companies that do business in the U.S. : A.M Best , S&P , Moodys , Fitch , Weiss and Comdex . There are also product spreadsheets published by independent industry Intel groups that rank by premium cost , policy provisions and serving claims experience .


Input: Who Is A Good Life Insurance Company?

Output: There 's many of them . A lot of insurance companies have at least an `` A '' ranking or better from A.M. Best . Some of the big name companies that people have heard of are MetLife , American General , Prudential , Guardian , Principal , Genworth , etc. . When buying life insurance , there 's no one company that offers the `` best '' life insurance . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else.This is because people may qualify for different risk classes , they may be looking to secure a different amount of coverage , keep the coverage for a different length of time -LRB- term vs. permanent -RRB- , or may live in a different state -LRB- not every product from every carrier is available in every state -RRB- . All of these factors go into the calculation of rates . If you 're looking to buy life insurance , you should consult with an experienced life insurance broker who can review your specific needs and budget and shop the case for you to compare multiple companies to see who will offer you the lowest rates.I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Who Is A Good Life Insurance Company?

Output: There are quite a few good insurance companies out there . What you want to do is look at financial ratings to get an idea of the quality of a carrier . Carriers pay financial ratings companies to review their books and assign a letter grade as a representation of the company 's quality . Different ratings agencies view companies with a different pov , so it is always good when choosing a good company to find one that has been reviewed by several ratings companies . You might want to check with your state insurance commissioner 's office to see what complaints or fines have been applied to companies . The good thing to know , is there are a lot of companies that are good out there . That is where the strength of the insurance industry is . Not just a few companies , but many companies of quality .


Input: What Happens When A Life Insurance Policy Matures?

Output: Life insurance maturity generally refers to the contract ending point where coverage ends and any cash values are distributed . In our modern application of life insurance maturity dates extend to age 121 , with some life insurance companies using language and not age as their maturity date , i.e. the life of the insured . Any cash values that exceed basis in a policy maturity event are subject to ordinary income tax .


Input: Why Is Health Insurance Tied To Job?

Output: Your health insurance is only tied to your job if you are covered by a group insurance plan through your employer . You always have the option to purchase an individual health plan on or off the health insurance exchanges . The big advantage of a group health insurance plan is that the carrier is paying for a portion of the premiums and the benefits are usually pretty competitive when compared to an individual policy . So why do carriers offer group coverage if it 's a big expense to them ? - It 's an incentive for people to come work for them . Some companies offer other types of coverage as well such as group life insurance or group disability insurance . The drawback is that if you left the company , you can not take the coverage with you because the employer owns the policy . You have the option for COBRA in many instances which will allow you to continue coverage for up to 18 months . However , under the Affordable Care Act , losing group coverage would grant you a special enrollment period to buy a new individual health plan and insurance companies can no longer decline you for a pre-existing condition or other health-related illness . So , in short , you will want to compare COBRA coverage to a new individual plan - an independent health insurance agent/broker can help you with this comparison .


Input: Why Is Health Insurance Tied To Job?

Output: Employers want to attract workers , and sometimes pay alone is n't enough . To sweeten the pot , they add benefits , like insurance , vacation pay , or sick days . The insurance that is offered is owned by the company itself , and not the employees who purchase it . The company will also usually pay for some of the cost of that insurance . It is only offered to you as long as you are employed there , and once you leave , unless you opt to pay COBRA prices for it , it ends when your employment does . If you have more questions , please hit the link to contact me , I 'd be happy to answer them for you . Thanks for asking !


Input: What Happens During A Car Insurance Claim?

Output: From the agents perspective this is what happens : 1 . Client gets into an accident and needs to make a claim : 1a . The client contacts the agent and the agent files the claim by filling out the appropriate ACORD form . 1b . The client contacts the insurance company directly and files the claim that way . 2 . The insurance company will do one of a couple of things : 2a . The insurance company will process the claim quickly and pay out the amount as is stated in the insurance agreement -LRB- e.g. actual cash value or agreed upon amount -RRB- . 2b . The insurance company will send an adjuster to investigate the claim and pay out according to the adjuster 's findings . 2.c The insurance company is going to deny the claim because it was not due to a covered peril . If 2b . or 2c . occurs then you should contact your agent and let him/her deal with the insurance company to try and get you more money for your claim . Most states have a time limit for how long it can take the insurance company to respond . I know in Michigan the insurance company must respond within 30 days of a valid claim . If nothing has been sent back -LRB- either a payment or dispute -RRB- then you should contact your agent or the governmental agency that oversees insurance . I hope this helps .


Input: Does Travelers Offer Life Insurance?

Output: Travelers is often used to describe Travelers Indemnity Company . That company does not offer life insurance . However , Travelers Life and Annuity is a company that used to sell Life Insurance , and was acquired by the MetLife Life and Annuity Company of Connecticut in 2005 .


Input: Does Travelers Offer Life Insurance?

Output: No . The Travelers life insurance business was sold years ago , first to Citigroup then to MetLife in 2005 . The life insurance business was rebranded as MetLife . The Travelers name is associated with the Travelers property and casualty insurance businesses . This is an example of the waves of consolidation in the life insurance business .


Input: How To Apply For Health Insurance With A Pre Existing Condition?

Output: As of January 1 , 2014 Pre-existing conditions is not permitted to be included in any underwriting of health insurance . In other words health insurance is guarantee issue and you can not be turned down for any medical issues . You can purchase health insurance using an insurance agent at no cost to you , directly from a carrier or through the new health insurance marketplaces . The cost of health insurance is the same whereever you decide to purchase it . As a certified and licensed agent I would recommend using an agent who can assist you with any issues that may arise with your health insurance . It is always good to have a trusted advisor at your side .


Input: How To Apply For Health Insurance With A Pre Existing Condition?

Output: You can apply for health insurance with a pre-existing condition and get quickly approved . Obamacare -LRB- ACA Legislation -RRB- provided guarantee-issue policies and federal tax subsidies . But where do you go to get the best advice , prices and recommendations ? An experienced broker and their website . That is your best resource . There are no fees or costs . Although healthcare . gov is available , most consumers and experienced healthcare employees realize that the glitches , delays and security breeches of the government website are a burden that is unnecessary when applying for a policy . Also , you can NOT view , compare or purchase an `` off-Exchange '' plan through the government website . LIVE answer provided by : Ed Harris - Premier health insurance broker with more than 33 years of experience and owner of several national top-rated websites that provide free quotes and the lowest available rates .


Input: How To Apply For Health Insurance With A Pre Existing Condition?

Output: That is a great question ! One of the really great things about the Affordable Care Act -LRB- Obamacare -RRB- is that health insurers can no longer deny you coverage because of a pre-existing condition . You find a policy at the WEBSITELINK site that you like , -LRB- go there first , because another great perk of the ACA is that if you qualify , you get help paying for it ! -RRB- and enroll . Another really good thing that Obamacare has done for you ? It is made the insurance companies remove the lifetime caps on how much they will pay for your health care . Thanks for asking !


Input: Does Auto Insurance Determine Fault?

Output: Ibelievethe question you are asking is does your auto insurance carrier determine fault in the event of an accident . The quick answer is yes they do . Auto insurance claims departments will gather all the information on an accident which include recorded statements from both parties . Pictures and police reports if possible and may even investigate the scene and vehicles in questions . Based upon this information the involved insurance companies will then determine fault in an accident . A letter will be sent to theinsuredsstating the final determination of the accident . Should the insure disagree the insured has 30 days to file a dispute for further review .


Input: Does Life Insurance Require A Blood Test?

Output: It depends on the amount applied for and the applicant 's age . The older the applicant , the smaller the amount applied for that triggers the requirement for a blood profile . Along with a blood draw , a urine specimen may be a part of the underwriting requirement . The insurance company usually pays for the test .