Input: Does Life Insurance Work As An Investment?

Output: An investment program requires time and money . Time is the one thing that you can not control . If your investment program is planned over 20 years and you die tomorrow , your investment plan will be useless . Life insurance gives you time because it self-completes . The return on investment in the event of premature death is phenomenal . Permanent life insurance has tax benefits not found in other products . However , in the final analysis , it is the ability to pay a death benefit that places life insurance in a class by itself . It should be the backbone of a successful investment program .


Input: Does Life Insurance Work As An Investment?

Output: Yes , cash value life insurance can work as an investment . That said , comparing the returns of the stock market to a life insurance policy is sort of a fools errand . Why ? RISK . Risk is the thing that keeps people up at night , worried about their investments panning out or not . When you consider cash value life as part of your financial plan , you are choosing a conservative , low return , very low risk choice . This may free you up to be more aggressive in other investment options as your cash values become a fall back or `` if I screw up elsewhere , I 've still got this '' investment . Will cash values provide stock market returns while maintaining the relative safety ? Nope . Stock Market returns require taking Stock Market risks . The up and down of a portfolio . Cash Value life will in most cases continue to move upward over time slowly moving upward . While that does n't sound exciting , a few years back when the market slapped everybody back ten years , my cash values continued to grow as they do n't go backwards . Something to think about as you plan for your life . Cash value plans provide if you do n't come home and they provide if you do come home .


Input: Does Life Insurance Work As An Investment?

Output: Yes in many ways . The most common method for using life insurance as an investment is through Indexed Universal Life policies . 1 . You are looking for an alternative to CD or Money Market accounts with historically low rates of return . 2 . You want better growth than those accounts , let ` s say 4-6 % on average net of any fees . 3 . You want that growth to be on tax-deferred basis . 4 . You want our money to be totally safe from market losses . For example , if you purchase a mutual fund at $ 100,000 , and it grows 10 % in the first year , your account would reach approximately $ 110,000 . However , if the following year nets you a 40 % loss , your account would only be at $ 66,000 . If your third year produced a 10 % rate of return , youd still be below your original investment at $ 72,600 minus fees and expenses . However , in an Indexed IUL the reset every year means you never earn less than zero . So , if you put $ 100,000 in a single premium Indexed IUL and receive 10 % growth your first year , your end result is $ 110,000 . Continuing the hypothetical scenario , say the markets drops 40 % in the second year . Youll lose nothing . After your second year , your account will still be at $ 110,000 . In the third year , your account grows 10 % , which means youll have $ 121,000 minus fees and expenses . So what you get is a potential for upside of the market with no downside risk . Generally the floor is 0 % and the cap is 15 % . That means that if the S&P index gains 10 % for a year your will get 10 % into your contract minus fees . If the index moves 20 % you will only get 15 % . This is the cap that means that you can not get credited more than that . But if the index loses 10 % you will not lose anything . Your contract will get 0 % for that year minus policy fees . In a properly structured policy fees are usually around 2 % . Historically , in properly structured IUL policies cash values grow on average 7-8 % annually . If you deduct around 2 % for policy fees you may net 5-6 % annually . Again , all of your money is liquid from day one , principle and interest . It grows tax-deferred and there is no market risk , but there is a chance for a market gain up to 13-15 % annually minus fees . Also , since it is a life insurance policy you will get other benefits . A fairly healthy 65 year old would get over $ 200,000 of tax free death benefit with a $ 100,000 single premium payment . Many of these policies have additional benefits like Terminal Illness rider and Chronic Illness rider included . These are called Living Benefits , which allow you to use a bigger portion of the death benefit when you get terminally or chronically sick .


Input: Where Do I Find Homeowners Insurance Declaration Page?

Output: Generally the declaration or dec page is one of the first pages found in your policy . If you are having trouble finding it , you can always contact your agent or insurance carrier 's customer service department and they can send a copy to you .


Input: Why Do Children Need Life Insurance?

Output: The best reason I see for children having life insurance is so they are insurable for the rest of their lives . Even being covered by their parents ' child rider enables them to obtain -LRB- in most situations -RRB- five times the amount of the life insurance on the rider , at the Standard rating class , when the become adults , no matter their health at that time . If you have type 1 diabetes or congenital conditions that run in your family , getting life insurance on your children before/in case any of these show up can be a real blessing .


Input: Why Do Children Need Life Insurance?

Output: Purchasing life insurance on children can be a long term savings account or preemptively purchasing life insurance for insurability later in life . Some parents insure their children for final expense in case something happen to them . But be advised , most life insurance companies require parents to have life insurance before they can purchase life insurance on their children .


Input: What Does Car Insurance Group 7 Mean?

Output: it means someone fell in love with some sporty little car that the insurance is going to be higher than the price of the car . Insurance is one of the costs of owning a vehicle . What about the taxes on this little sport ? You may be well advised to pick out a simple little `` just get to me work '' each day and hold down the insurance costs and the taxes . As you grow old and gray you will understand an auto is one of those things that prevent you from saving for retirement and always having to pay some maintenance bill


Input: Does Homeowners Insurance Cover Dog Bites To Other Dogs?

Output: Dog bites would be covered under the liability portion of your homeowners policy . Dog bites have become a big deal over the last several years and dog bite can be a very expensive loss in some cases . For this reason many insurance companies have put exclusions on certain breeds of dogs and will not cover a dog bite . You would need to check with your specific insurance company to see if your breed of dog is covered should a dog bit occur . All agents should be having this discussion with the client before purchasing a policy .


Input: What Is A Policy Fee On Life Insurance?

Output: A policy fee is just an administrative charge that is part of most life insurance policies . It usually ranges from around $ 40 per year to $ 100 per year , per policy . Keep in mind that it 's not a separate fee , as it is incorporated into your normal payments , so you wo n't see it broken out as a separate line item on your bills .


Input: What Is A Policy Fee On Life Insurance?

Output: A policy fee is the life insurance companies way of covering their administration expenses and the cost of underwriting the policy at the point of purchase . Their fees can be as low as $ 1.00 to $ 9.00 per month included in your monthly premiums . A client may notice them more on a cheaper plan than a more expensive plan . For example , someone can purchase a policy with a $ 100,000 face amount for just a couple of more dollars than a $ 50,000 face amount policy because the fee is included in the baseline premium .


Input: Can A Will Change A Life Insurance Beneficiary?

Output: The two are completely separate and distinct documents . A Life Insurance policy will have an owner , an insured and a beneficiary . In many cases , the owner and the insured are one in the same , but not in all cases.The important thing to remember is that the owner is the one whocontrols the policy . Only an owner can , in this case , change a beneficiary .


Input: Can A Will Change A Life Insurance Beneficiary?

Output: Wills are separate from life insurance policies and do not control their beneficiaries . To change the beneficiary of a life insurance policy you should tell the insurance company to change it . Life insurance policies do not need a will and do not go through probate , saving both time and money . Your beneficiary can get their funds almost immediately if you have the right insurance company . Go with one that has financial strength and an excellent reputation . By the way , a living trust is a better way to go than a will for the rest of your assets , bypassing probate court in most instances . Gary Lane , Registered Representative and Agent , New York Life , 949 797 2424 . Thank you .


Input: How To Use Annuities For Retirement Income?

Output: Non-qualified annuities are designed to ultimately generate income . Different payout structures are available like ten or 20 years certain . But one of the most popular payout options is life only or lifetime income the annuitant cant outlive . There is special tax treatment for life only as it relates to basis , which is amortized to the annuitants life expectancy as a portion of the first payment -LRB- which includes gain -RRB- until exhausted . Single premium immediate annuities can annuitization in similar fashion . So annuities that generate lifetime income should be considered as foundational tactic to your overall income strategy in retirement .


Input: What Happens At The End Of Term Life Insurance?

Output: Depending on the type of term policy purchased 3 common outcomes are : -LRB- 1 -RRB- coverage ends with no options for coverage . -LRB- 2 -RRB- Option offered to convert to a whole life policy without any proof of insurability required . -LRB- 3 -RRB- Option for a policy to extend to another age or date with a premium adjustment each year ...


Input: What Happens At The End Of Term Life Insurance?

Output: At the end of the initial rate guarantee period , most term life policies do not actually end . There is a large rate increase , however , and most people cancel their policies by not paying the renewal premium . Most term life policies can still be `` converted '' to universal life or whole life , allowing the insurance to continue . Rates are higher , but these conversion policies are usually a better alternative than paying ever-increasing term life rates .


Input: What Happens At The End Of Term Life Insurance?

Output: Not all term policies are created equal . Some term policies end and do not provide any extended benefits . Some will allow you to purchase a whole life policy without having to prove your insurability , which can become a major issue as you get older . Others will allow the policy to extend to another age or date and the premium will adjust each year .


Input: What Happens At The End Of Term Life Insurance?

Output: Depending on the type of term life insurance policy you purchased , really one of two things will happen at the end of the guaranteed term . The first and most common is you will see a dramatic rate increase , some times as much as 1,000 % . This is to insure you cancelling the policy and applying for another plan so underwriters get another chance to underwrite you . The second type of policy action is you receive a letter in the mail that states on this date your policy will cancel and coverage ends .


Input: What Happens At The End Of Term Life Insurance?

Output: That is a great question ! Unlike a whole life policy , which ends when you do , term policies almost always end before you do . It 's why they are so cheaply offered , statistically , the companies rarely have to pay out , compared to whole life policies . So when they do end , you have really only three choices : walk away as if there never was a policy , -LRB- since there is nothing contractually obligating either of you anymore , in the typical policy case -RRB- , hope that the policy has a conversion clause -LRB- one that allows your paid premiums to be converted to a paid up whole life policy with a greatly reduced face value -RRB- , or you renew the policy . If you choose the latter , be prepared for the policy to renew in one year terms , and for the price to go up exponentially each time . They get very expensive very quickly . This can be a real problem if it happens when age or health issues prevent you from finding another company that will write you . This is often the case with the term policies that companies like AARP and AAA offer , policies that end when you turn 80 . With life expectancy now averaging years longer than 80 , and the increasing costs as you age , more and more Elder citizens find themselves out a lot of money , and with no protection . Please be careful when you are looking at these kinds of policies , okay ? Thanks for asking !


Input: What Happens At The End Of Term Life Insurance?

Output: Typically the policy will end , hence the name term insurance . Some company 's may before the end of the term policy offer you to convert the policy to a whole life policy or they may offer an extension of the term at a more current premium rate . Either of these scenarios may require an update of medical information and/or another physical/blood draw . Every company and policy is different so please contact your local agent to find out what is available at the end of your term life insurance policy .


Input: Can You Cash Out A Retirement Plan?

Output: Certainly if it is your retirement plan you can cash out . However , there are many things to consider . If you are younger than 59.5 years old you will incur income taxes and a 10 % penalty plus the fees associated from companies and advisors who will charge withdrawal fees and surrender charges . It is not advised just to `` cash out '' a retirement plan at any age . I highly recommend finding a trusted advisor to walk you through this process .


Input: Can You Cash Out A Retirement Plan?

Output: Its your money , but there may be tax consequences and future ramifications . Any qualified plan monies will be taxed as ordinary income tax . The cashing out of your plan may elevate you into a higher tax bracket . If you cash out before age 59 , there will be an additional 10 % penalty . If you 've borrowed from the plan , you may have to pay back the loan before cashing out .


Input: What Does Life Insurance Do For Me?

Output: Wow . Where should I start ? Well let 's first look at the two major choices . Term or Whole Life . With term , you are basically renting insurance . You have a death benefit during the term of your policy , so long as you pay . You are gambling whether you will die during that period . If you are lucky to live longer , they you get nothing . Not the best of deals that way , but it does give initially cheap protection for a growing family . With Whole Life Insurance , however , you are getting a lifetime financial tool . Whole Life keeps growing and increasing in value and in death benefit . While you are living , you can use Whole Life to take money out and pay for college , pay towards a new home or even a new car , or any emergency . You do not have to cancel Whole Life , you can simply take some money out of it , while continuing to allow it to grow , as though the funds were still in the Whole Life Policy . The premium will NEVER change , although you death benefit can growth an enormous amount . Your family is protect , and you never have to worry about being without life insurance with Whole Life . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: What Does Life Insurance Do For Me?

Output: Life insurance is usually purchased for the benefit of someone else . E.g. . So that your spouse and children can lead relatively normal lives without having to move , take second jobs , forego college to work , etc. . In that respect , life insurance gives you the satisfaction of knowing you are caring for those you brought into your life , even after your death . It gives them a feeling of gratitude and respect for you . It allows you to relax a little and not have the worry upon your shoulders about what would happen to them after you die . Some life insurance can also benefit you financially . E.g. . You could purchase cash value life insurance that provides supplemental income during retirement . You could get life insurance on your key employees so that you are not left in a lurch if they should pass . You could take out life insurance on someone who owes you money , or whom you wish to buy out if they should die . There are many types of life insurance and many ways it can benefit you .


Input: What Does Life Insurance Do For Me?

Output: Gary provided great information about the different type 's of Life Insurance . I would like to provide you with an answer that is a bit more philosophical . Life Insurance provides a benefit , referred to as a death benefit , which pays out to your beneficiary upon your death or rather the insured 's death . The whole idea behind Life Insurance is to provide Financial Security . Whether this is for a spouse , to replace lost income , to pay for outstanding debt or perhaps to pay off a business partner so your family does not have to worry about your business if you own it . Financial Security provides peace of mind for your loved ones . Financial Security provides protection from creditors who might have a legitimate reason to go after your estate . Financial Security provides monies to pay any taxes that might be due , i.e. estate taxes otherwise known as the death tax .


Input: How To Get Health Insurance If You Are Pregnant?

Output: Apply for it ! However , you 'll need to be within the national enrollment period or qualify for a special enrollment period . Pregnancy is no longer a `` Knock-out '' question keeping you from picking up a quality health insurance plan . No conditions are . All major medical insurance that meets the essential health benefits requirements are guarantee issue to tall applicants . Good news , right ? Well , it should be , but unfortunately not everyone can pick up coverage at all times of the year . Suggestion : Ask around for an experienced , licensed health insurance agent to guide you through the process to getting the right benefits . For additional information regarding health insurance and maternity benefits , visit www.clminsure.com or call 561-320-2978


Input: Will Depression Affect Life Insurance?

Output: Depression is a broad diagnosis . It can range from mild medicated and controlled depression to suicidal . The real concern is the prescriptions your on and the language of the attending physicians statements by your doctor in your file . Incident driven episodes like the death of a spouse are generally viewed as part of the human experience . However some survivors find it difficult to recover from the loss of a loved one .


Input: Will Depression Affect Life Insurance?

Output: Depression can affect your rating while applying for insurance , but wo n't necessarily prohibit you from getting it . A common question on life insurance applications is going to be in regards to mental health , to which depression may or may not be seen by the underwriter as a large factor . Also , if you 're depression requires medication , certain meds are scrutinized more than others .


Input: Will Depression Affect Life Insurance?

Output: If you have mild depression that has been controlled by one medication and stable for over a year , you can be rated the best health class with at least one company , and Preferred by many . The opposite extreme is a recent suicide attempt , in which you would need to get guaranteed issue life insurance . However , when a couple of years have passed , you can get a simplified issue policy . The price gets lower the longer out from the hospitalization . In between are the other situations and ratings . If you are going with a policy that requires an exam , keep in mind that your medical records will be reviewed . If there is a problem with getting approved , if usually stems from medical records . You might want to get a copy ahead of time and make sure that what your doctor has written is up to date and accurate . He/she may be agreeable to an appointment before you apply for life insurance , so that your improvements can be noted .


Input: Does Comprehensive Auto Insurance Cover Flood Damage?

Output: It does . Comprehensive , aka other than collision , covers damages to the auto that is not collision related . As with collision , comprehensive coverage will also have its own deductible . Now in my state , colliding with a deer is considered a comprehensive claim . It is best to ask your local insurance agent as there are variations state to state .


Input: Does Comprehensive Auto Insurance Cover Flood Damage?

Output: Great question . Yes comprehensive auto insurance covers fllod damage . If there was flood or lots of rain and you car was damage and water goes inside your car you can call your insurance company and file a claim . Comprehensive covers flood , fire , theft and even if a tree falls on your car .


Input: What Are Annuities Good For?

Output: Annuities have several crediting method options and differing periods of both accumulation and distributions . But the key component to annuities is the tax deferral of gains until their constructive receipt . Even as something as simple as an interest rate crediting has beaten bank CDs for almost 30 years .


Input: Does Accidental Life Insurance Cover A Heart Attack?

Output: Accidental Life Insurance policies are more of a lottery ticket than real life insurance . They will ONLY pay a claim if you die as the result of an accident . And MOST people do NOT die of accidents . A heart attack is not an accident . The policy wo n't pay for that . If you have a real NEED for life insurance , you need it regardless of how you die . Do n't buy foolish things like accidental policies unless you are only considering it in addition to your real life insurance .


Input: Does Accidental Life Insurance Cover A Heart Attack?

Output: Accidental Life Insurance will only pay if the death was the result of an accident , it will not pay for a death due to natural causes . In most cases an accidental death is the result of some physical injury or trauma . Examples would be death from a car accident , falling off a roof , or being shot . Normally a heart attack would be the result of a medical condition -LRB- natural causes -RRB- and not the result of an accident . That being said , it is possible that a person could die of a heart attack that was the result of an accident . There could be a case where a person was skydiving and unable to open there parachute . This realization could trigger a heart attack causing the person to die before hitting the ground . This would be a case of a heart attack caused by an accident , not caused by natural causes .


Input: Does Accidental Life Insurance Cover A Heart Attack?

Output: No a heart attack is usually not considered accidental but rather a health condition . Accidental Death life policies are `` conditional '' pay policies , where just simple death does n't necessarily trigger a death claim payout . Certain conditions must be met for payment and most people are n't aware that one of the conditons is a time restriction . A person is gravely injured in a car accident and manages to live 94 days before passing . Clearly an accident was the cause of death , but ? according to the conditions of the policy the death must occur within 90 days of the event . Living 94 days actually voids the policy . AD&D insurance is extremely inexpensive . It is not priced that way because a company pays out a lot in claims . One really needs to think if there are any savings in a life plan that is subject to conditional death to pay out .


Input: Does Accidental Life Insurance Cover A Heart Attack?

Output: Accidental Life Insurance policies will not cover heart attack , even if a heart attack was the cause of a fatal accident . To get coverage for death caused by heart attack or any other natural cause , you must purchase traditional Term or Permanent Life insurance . Life insurance covers death due to natural AND accidental causes .


Input: Why Do You Need Medigap Insurance?

Output: Medigap Insurance , also called `` Medicare Supplement '' Insurance works with original Medicare -LRB- Parts A and B -RRB- to provide coverage for the `` gaps '' - the coinsurance and deductibles required to be paid by the Medicare beneficiary -LRB- consumer -RRB- under original Medicare . Although Medicare represents excellent insurance coverage , these `` gaps '' can be expensive for the consumer . For example , the Part A -LRB- hospitalization -RRB- deductible for 2015 is $ 1,260 , and the Part B -LRB- doctors costs , etc. -RRB- is $ 147 plus 20 % coinsurance . A Medigap policy insures these potentially large `` gaps '' with the payment of a known monthly premium . Medigap Insurance is optional for the consumer - there is no `` requirement '' to purchase it , although it is a good idea to get some Medigap coverage if staying with original Medicare . Alternatively , Medicare beneficiaries may select a Medicare Advantage Plan . Although there are costs and limitations in Medicare Advantage Plans , a beneficiary does not need , nor can they purchase Medigap Insurance under a Medicare Advantage Plan .


Input: Can Naturalized Citizens Get Medicare?

Output: Part B relates to nonhospital benefits and is available to those 65 and over . They must be a citizen or resident of the United States who has been here lawfully for five consecutive years . -LRB- This is true regardless of whether or not someone is eligible for Part A. -RRB- An individual is given the opportunity to apply for Part B coverage and then they must pay the premiums themselves . If they do not take the Part B benefit when first offered , they must wait until January 1st of the following year to apply .


Input: Can Naturalized Citizens Get Medicare?

Output: Yes , naturalized citizens can get Medicare . If they have paid Social Security taxes for at least 10 years , they can get Part A for free . If they have not fulfilled the required tax contribution period , they may be able to qualify for free Part A Medicare through their spouse 's eligibility . Otherwise , they can pay a premium for Part A.


Input: How Can I Get Short Term Disability Insurance?

Output: There are very few companies that offer Short Term Disability Insurance . So your first line of inquiry could be with your employer , to see if they offer a group policy . If they do not , contact a broker for Disability Insurance , or life insurance agency that specializes in Disability Insurance .


Input: How Much Does Kaiser Health Insurance Cost?

Output: Great Question . Kaiser health insurance is the same as an HMO plan . When you need to see the doctor you have to visit them in the hospital which is Kaiser . Also if you need any other service you need to have it done in Kaiser hospital . Kaiser paln is avilable in some state but not all state offer that paln .


Input: Who Is Denied Long Term Care Insurance?

Output: People who are denied long term care insurance are , quite honestly , the ones that are most likely to collect on the policy benefits . Persons who have Alzheimer 's , or a history of strokes , or crippling arthritis are good examples of persons who would most likely be declined for long term care insurance .


Input: What Happens To Life Insurance When You Leave Your Job?

Output: When you leave your job , you typically lose most or all of your life insurance coverage . However , often you can convert a portion -LRB- or all -RRB- of your coverage to a permanent policy . The premium will certainly increase although there is likely to be some sort of cash value . A full-time experienced broker can review the best options for you .


Input: Does Homeowners Insurance Cover Lightning Strikes?

Output: Some carriers do have this type of coverage . Depending on the damage . The structure usually is covered but your electronics that might of been damaged because the lightning surge fried your tv computers and ect may not be covered . That would fall under equipment breakdown coverage . many carriers offer this and or have it included in the policy . It is very important to read through your policy there are some that have exclusions for this type of coverage . I recommend you talk to your agent or carrier direct to see what is the definitions that are in your policy your agent should of explained your coverage 's . Hope this helps


Input: How Much Does Short Term Disability Insurance Cost?

Output: There are five primary factors that determine what a short term disability policy may cost : monthly benefit amount , elimination period , payment duration , your age , and industry of your employer . You may qualify for up to two thirds of your gross income , up to a hard dollar monthly cap . The higher the monthly benefit , the higher the premium cost . The elimination period describes how quickly benefit payments begin after becoming disabled . Shorter elimination periods cost more than longer ones . Payment duration describes how long payments continue . A shorter payment duration cost less than a longer one . Policies cost less for younger applicants . Rates are often based upon the industry of your primary employer . Applicants working in low risk industries pay less than those in high risk industries .


Input: Where Should I Buy Auto Insurance In North Dakota?

Output: Whether you are in North Dakota or South Florida , the best place to buy auto insurance is from a trusted insurance agent . If you dont have a relationship with an agent get recommendations from friends , colleagues or neighbors . A good agent will listen to you , give you sound financial advice and communicate accurately with you and the company . The most important thing that the agent will do is recommend limits . Listen to the recommendations . Having adequate insurance at the time of claim is the most important thing . It is much more important than saving a few pennies .


Input: Will Medicare Pay For Breast Implants?

Output: Cosmetic breast implants are not a covered expense under Medicare . Breast reconstructive surgery following a mastectomy is a covered expense under Medicare Part A and subject to the 2013 deductible of $ 1184 . Follow up treatment after discharge would be covered under Medicare Part B . You will need to satisfy your Part B deductible of $ 147 for 2013 .


Input: Can You Get Glasses With Medicare?

Output: Generally speaking , you can not get glasses with Medicare . After cataract surgery , Medicare will pay for one pair of glasses . But if you are just purchasing eyeglasses to correct vision that is deteriorating due to age or other conditions , Medicare does not cover the cost of purchasing corrective lenses .


Input: Who Regulates Life Insurance In Alaska?

Output: Life insurance is regulated by the state of Alaska . The Division of Insurance is part of the Alaska Department of Commerce , Community , and Economic Development . The role of the Division of Insurance is to regulate the insurance industry to protect Alaskan consumers . Bret S. Kolb is the current director .


Input: When Can You Cash Out On Life Insurance?

Output: Good question , there are different situations that will allow you to get cash on a life insurance policy . One situation in particular is with a whole life policy . Since it builds cash value as it grows older , you can borrow money from it when you need it .


Input: Can I Buy Term Life Insurance For Someone Else?

Output: It depends on the fact called `` insurable interest '' . Insurable interest deems you have a relationship with this person , either family , partner , or key person in a business , that you would suffer a financial loss with out them . It could be a debt or a final expense . You may never purchase life insurance without the persons knowledge . The person must sign , be examined and be underwritten in order to qualify for this coverage .


Input: Can I Buy Term Life Insurance For Someone Else?

Output: That is a great question ! You can , but there has to be a couple of things that you can do first . The main thing is realize that the person you wish to buy it for has to understand what you are doing , and why . If they wo n't agree to sign , or can not understand what is going on , the policy wo n't be issued . You will also have to meet the companies standard for having the ability to show your `` insurable interest . '' That is the rule that keeps people from insuring random people , and gambling on their lifespans for personal profit . -LRB- That was an issue in the early days , when some unsavory folks figured out how life insurance worked ! -RRB- You will have to show that their passing will cause you a loss . If you can do those two things , and are certain that a term policy is the best option , then you should have no problem getting the policy . Thank you for asking !


Input: Can I Buy Term Life Insurance For Someone Else?

Output: You can buy term life insurance for someone else if you have a vested financial interest in that person , or -LRB- for a small amount of coverage -RRB- if you are a close relative . To have a financial interest in the insured person means that if they died , you would suffer financial loss . With the exception of minors , you also need to get permission from the person who is being insured . They need to sign the application , and consent to the phone interview or exam if that is required .


Input: Can I Buy Term Life Insurance For Someone Else?

Output: I have seen another situation where someone wanted to know that another person had sufficient life insurance to meet final expenses . In that case the payer didnt have any financial interest , nor was the payer the beneficiary or owner . When the policy was issued it showed the insured as the premium payer since each payment to the policy was a gift from this third party . So , yes , it can be done and in some tight cultural communities it might make good sense .


Input: What Is A Defined Contribution Retirement Plan?

Output: A defined contribution plan is employer sponsored retirement plan under ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- Employees can contribute up to the maximum limit set by ERISA each calendar year with rep taxed dollars and their accounts accumulated tax deferred . A 401 -LRB- k -RRB- is an example of a defined contribution plan .


Input: What Is A Defined Contribution Retirement Plan?

Output: what is a defined contribution plan ? Anything where the employer states upfront a percentage or dollar amount they are putting into a retirement account for an employee . There is no mention of retirement outcome beyond the employee is responsible for investment choices and return . If a plan states exactly what an employee will receive in retirement that is a defined benefit plan .


Input: Why Have Long Term Care Insurance?

Output: The # 1 risk in retirement is living too long . If we live too long , our retirement funds may need to stretch beyond it 's account balance with everyday living expenses ever increasing via inflation . But if we 're living longer than we also likely to need assisted living care at home and/or nursing home confinement .


Input: Can You Get Auto Insurance Without A License?

Output: You sure can . As an agent in California we have several carriers that will insure drivers without a license . If you are in California , we can help . If your in another state , make sure to look up Independent Agents that access multiple carriers so that they can check around for the best rate and make sure that you 'll be fine with the carrier they place you with .


Input: What Is The Compensation Limit For A Retirement Plan?

Output: There are several qualified defined contribution retirement plans , individual and employer sponsored . Here are a few examples of qualified retirement plan contribution : The compensation limits are a complex calculation . IRAs $ 5,500 401 -LRB- k -RRB- and 403 -LRB- b -RRB- Employee $ 17,500 457 Employee $ 17,500 Catch-up Contribution $ 5,500 Defined Contribution $ 51,000


Input: How Does Medicare Work When It Is A Secondary Insurance?

Output: When Medicare is secondary then your primary will pay first . Medicare will then pay their share of the cost . Conversely , if Medicare is Primary the opposite is true , your Medicare will pay first and your secondary pays its share afterward . In some situations this could result in 100 % of you bill being paid after each pays its share.You will not , however , get more money than the total claimin either case .


Input: Can I Get Medicare Part B Only?

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


Input: Does Home Insurance Cover Acts Of God?

Output: Acts of God is a very vague term and really does n't come into play on a legal basis . Home insurance has two different main coverages . There is All risk and Named peril . All risk would cover anything that happens to your home unless specifically excluded . This is the most comprehensive form of home insurance . Named peril will cover those perils specifically named in your policy , Fire , Lightening , Wind , Hail etc. . Check with your agent to see what policy form you have .


Input: Can I Be Denied Life Insurance For Smoking Pot?

Output: Yes , indeed . Here is a sure fire way to get denied life insurance for smoking pot : Smoke it . Dont disclose this on your application . Then test positive on your insurance exam for marijuana . You will notice that the key to your downfall here is not disclosing it on your application . Trying to pull a fast one on the underwriter is a great way to get denied . And by the way : dont think about not disclosing it on your application , and then waiting a long time so it wont show up in your lab specimen . Thats insurance fraud . Not a good way to start a relationship with a life insurance carrier . Now you are going to ask , What if I do disclose it ? Will I get accepted ? Not only might you get accepted , but if you apply with the right company , you could get approved at preferred non-smoker rates ! How do you like that ? It all depends on the amount and frequency used . And you have to apply with a company who has very lenient underwriting guidelines for pot smokers . Some do ; a lot dont . But there is more to the story here . If you smoke cigarettes as well as pot , you will end up with a smoker rating . Dont forget that . Another item : many people smoke marijuana as a form of self-medication . They have trouble sleeping , so they smoke pot . They feel anxious , so they smoke pot . They feel a little depressed , so they smoke pot . If you have a history of dealing with these issues , then the underwriter will look a bit more closely at your marijuana use . If it appears that you do have medical concerns that are not being addressed adequately with medical treatment , he may not be confident that your pot smoking is purely recreational . That may affect his willingness to make an offer , and if he does so , at a low rate . By the way : I have helped people get policies who intake marijuana through a vaporizer , as opposed to smoking it . That can add an additional complication to underwriting . Some underwriters feel that is a more intense form of ingestion and has a more severe impact on your body . Something else for you to think about : any brushes with the law in relation to your marijuana use must be disclosed on your application . Remember that your legal record is part and parcel of the underwriting process . Lots to think about here , Makes you want to light up , doesnt it ?


Input: Can I Be Denied Life Insurance For Smoking Pot?

Output: You can be denined for smoking pot , just depends on the company underwriting guidelines that you are applying with . Compared to other drugs most carriers do n't consider pot to be quite as an immediate decline . Most that I know that will underwrite pot smokers , treat the pot smoker as a tobbaco smoker which usually bumps the premium up considerably .


Input: Can I Be Denied Life Insurance For Smoking Pot?

Output: You can be denied life insurance for smoking pot , but it is certainly not a given . If you apply for a nonmed policy that requires `` no '' answers to all the questions on the application , saying `` yes '' to the drug question could cause a decline . Some companies simply lump marijuana with all other illegal drugs , and will decline for any marijuana use . Most companies will decline if marijuana is used by an addict , or someone who has had treatment for substance abuse in the past few years . However , there are many companies that will approve at standard to preferred rates , as long as the marijuana use does not affect their lives in a destructive fashion .


Input: Why Are People Denied Health Insurance?

Output: Usually the reason is health related . Under the laws as they exist today a company can deny coverage for health reasons . Beginning January 1st 2014 this will change . Companies can no longer deny you coverage . This is good in that more people will be able to qualify for health insurance . The downside however is that insurance companies will be forced to raise their rates across the board to accommodate this increased claim exposure .


Input: Do I Need A Will For Life Insurance?

Output: That is a great question ! There is no need to have a will when you purchase life insurance , nor does including your life insurance in your will generally matter . Your named beneficiaries will typically collect regardless of the will , and bypass most probate tries . Life insurance was designed to protect the insured 's wishes , and it does a pretty good job , as long as you did your part , and named beneficiaries . Thanks for asking !


Input: Do I Need A Will For Life Insurance?

Output: A life insurance policy is a contract . The provisions of the policy operate outside of probate . A will is not required to direct the proceeds of a life insurance policy . The only time that it does direct the proceeds is if the beneficiary and contingent beneficiary are no longer alive or waive their right to receive the funds . That is really one of the beauties of life insurance . It passes without probate to those who you love in a very timely manner .


Input: Do I Need A Will For Life Insurance?

Output: No , not necessarily . A Life Insurance policy is a contract between you , as the owner and insured , and the insurance company . In it , you decide to whom you want the proceeds paid upon your death . This is the Primary Beneficiary . You may also name a Contingent Beneficiary who would receive the proceeds if for some reason your Primary could not . Though certainly recommended for financial planning purposes , a Will is not necessary to manage any of the elements of a Life Insurance policy . Of course , you should check with your Attorney and ask about any legal questions regarding this .


Input: How Long Does It Take For Life Insurance To Go Into Effect?

Output: Most individual life insurance plans are in effect on the day they are approved . In some cases the effective date can be the date of the application or a future date . If money is submitted with the application coverage usually goes into effect the date of the application once the application is approved . In the case of group life insurance plans , coverage normally goes into effect the first day you are actively employed in your new job , or when a new plan is installed .


Input: How Long Does It Take For Life Insurance To Go Into Effect?

Output: Life insurance formally goes into effect after the policy has been issued , the delivery requirements have been returned , and the first premium has been paid . If coverage has been `` bound '' -LRB- the first premium paid at the time of taking the application -RRB- , temporary life insurance protection will be in effect until underwriting has been completed . And some No Exam policies are put into effect upon completion and approval of a digitally signed application , making delivery requirements unnecessary .


Input: How Does Health Insurance Affect Workers' Compensation Filing?

Output: Depending on the state you live in , Workers compensation insurance and your employer 's health insurance plan may work together or completely apart . It can vary by state . Usually , when injury on the job occurs , all claims related to that injury are handled by the workers compensation insurance which could be a private carrier or in some cases the state workers insurance . It is not uncommon for billing errors to occur in this process as the employer provided medical insurance is usually different than the workers accident insurance company and billings often get confused . It is very important NOT to ignore any questions that either insurance carrier may have in these situations as if you do , they stop processing your claims , which means these become your bills .


Input: How Does Health Insurance Affect Workers' Compensation Filing?

Output: Your employer group health insurance plan and workers compensation medical coverage usually coordinate with the other . Workers comp covers work related injury and illness . Group health insurance covers non-work related illness and injury . Sometimes the two plans will overlap which might result in a delay in paying the claim until the carriers can determine who has primary responsibility .


Input: Why Landlords Require Renters Insurance?

Output: The landlord is concerned about damage to his property . He is also concerned that someone will come onto the property , at your invitation and be injured and sue him . The landlord is also concerned that if the unit you are renting is damaged , you might think that he is responsible to pay for damage to your property -LRB- which is not true . -RRB- You should want a renters policy to keep the landlord happy and to keep you happy if you are ever sued or have a property loss .


Input: Can I Borrow Money On My Life Insurance Policy?

Output: You can borrow money on many life insurance policies . Older policies -LRB- much older , that is -RRB- may have a low fixed interest rate that has not changed . Current whole-life plans , for example , will have a specified interest rate that may fluctuate . Dividends , while not guaranteed , can be withdrawn instead of borrowed although there are ramifications . An experienced full-time broker is your best resource for specific additional information .


Input: Can I Borrow Money On My Life Insurance Policy?

Output: Permanent cash value life insurance have basically four crediting methods : dividends with participating whole life , interest rates with current assumption universal life , indices with index universal life and separate sub accounts in variable universal life . The account vales are subject to surrender charges as a factor for the amount you can borrow as is the varying interest charges on policy loans like zero net , wash , spread , direct recognition and participating loans .


Input: Can I Borrow Money On My Life Insurance Policy?

Output: You can borrow on any policy that has cash value accumulating in it . These include whole life , universal life and variable life policies . These policies take a portion of the premium to cover the insurance cost and the balance is applied to accumulating cash value . Some policies offer dividends and other credit interest directly .


Input: Why Are Economists Concerned About Medicare?

Output: There 's a reason they call economics the `` dismal science '' , it often tells us things we would prefer to ignore . There has been concern about the financial viability of Medicare for decades and while there has been some tinkering around the edges , the politics associated with Medicare -LRB- senior citizens tend to vote -RRB- have so far prevented any far reaching overhaul . Our current concerns come from people living much longer now than when Medicare was created so some of the basic actuarial assumptions of the program are outmoded . Then you have the front end of theBaby Boom generation just entering into Medicare eligibility which will result in swelling enrollment in Medicare for decades to come . Finally , you have the number of actively employed persons paying Medicare taxes becoming a smaller and smaller ratio to the number of people claiming benefits . Oh , yes , and if you have n't noticed , the base cost of virtually all health care services continues to rise faster than the general inflation rate . So , you have more people enrolling and using the benefits for increasingly expensive care while at the same time you have a smaller pool of payers to financially support the current and upcoming enrollees . This is why many economists warn of the financial failure of Medicare if structural changes are not made to the program .


Input: Why Are Economists Concerned About Medicare?

Output: That is an excellent question ! The eventual collapse of Medicare and Medicaid has more than just economists worried . And I said eventual collapse , since I believe that it is much more likely that our current Government philosophy of income disparity politics will continue to prevent any kind of significant reform or refunding of those programs . Without overhauling , the system is predicted to bankrupt in 2024 . The Affordable Care Act -LRB- Obamacare -RRB- created a series of fat trimming cuts that in theory will add 5 years to the life of the programs . As of the 2012 Census statistics , 55 % of all seniors are currently at poverty level , and the statistics suggest that further cuts in just food stamps will double the currently 15 % of Americans living in poverty -LRB- 46.5 million households , and that number is woefully under estimated , as the formula for computing it is still based on 1963 data - bet you ca n't find a gallon of milk , or gas for what you paid in 1963 -RRB- . Jared Bernstein , a noted economist , calculates that the poverty rate will increase nearly 500 % when SSI tanks in 2030 . Now imagine the financial hardship on our Seniors , and our economy , when their medical expenses ca n't be paid for either . Something has to give , or we 'll be seeing our parents and grandparents out on the streets , or not at all . An interesting statistic ? 50 % of Americans combined own what the top 30 individual Americans do - $ 793 billion dollars . 47 % of Americans own nothing , their debt is equal to or greater than their assets . I 've been very blessed , God has been good to me and my family , but I 'm worried , and if you have parents or grandparents , you should be too , as millions of folks depend on it . Thanks for asking !


Input: How To Get A 401K Loan?

Output: That is a great answer ! One of the nice things about having a 401k is that ability to borrow from it . You will need to get with your plan administrator and request the loan forms that you will need to complete and return . A word of warning , though . Borrowing from your 401k has some danger . Should you lose your job for any reason , that balance borrowed very quickly becomes due in full . You can also slow the growth of your funds , which can have a huge impact on the long term growth and payout of your fund . While the money in the fund is an option , it may not be your best one . Please speak to your advisor first , okay ? If you do n't have one , you can contact me , I 'll help if you 'd like . Thanks for asking !


Input: What Is Basic Auto Insurance Coverage?

Output: That can vary state to state because of specific Department of Motor Vehicle requirements , but for the most part , basic auto insurance consists of minim required liability and uninsured motorist coverage . In CT the minimum required in order to register a car for road use is $ 20,000 per person and $ 40,000 pr occurrence for bodily injury liability with $ 10,000 for property damage liability . Uninsured/under insured motorist coverage requirements match the bodily injury at $ 20,000 / $ 40,000 .


Input: How Can I Find The Right Car Insurance?

Output: The best way to find the right car insurance for you is to contact local agents in your area . When you find someone that you are comfortable working with . This person can provide you with information about the products that they would be able to offer you so that you could make a more informed decision about your coverage .


Input: How Can I Find The Right Car Insurance?

Output: Personally I believe that the best way to find the right car insurance for you is to talk to your Insurance Professional . It is pretty easy these days to go on line and create a quote using the web tools that most companies offer now . Keep in mind that these tools usually are built to make certain assumptions and may offer more limited variables than might be available to you . Having a conversation with a trained professional is the best way to identify your needs and to avoid gaps that could be dangerous to you and your family if you ever needed to file a claim . It is also the best way to learn about and take advantage of discount offers that can save you quite a bit of money . Finaly , having a trusted advisor who is working for you and your family can really add value to your premium dollar should you ever have to use the coverage that the contract provides .


Input: Does Aetna Health Insurance Cover Gym Membership?

Output: Generally , the answer would be no . Aetna -LRB- or any other major medical carrier -RRB- does not cover gym memberships . There may be plans available that have add-on -LRB- non-insurance -RRB- benefits such as travel discounts or gym memberships , but a true major medical health insurance plan will usually not pay for routine gym memberships . In some instances a carrier may agree to pay for a gym membership if the individual needs a type of physical therapy -LRB- such as swimming -RRB- that is more economical than traditional therapy sessions .


Input: Why Use Life Insurance?

Output: Some reasons people use life insurance are : 1 -RRB- It is tax friendly . Life insurance passes to a beneficiary income tax free . 2 -RRB- It is quick . Since it does not have to go through probate , it gets to the recipient quickly . 3 -RRB- It is personal . The owner of the policy gets to pick the person he wants to receive it . 4 -RRB- It is affordable . Being able to collect a large sum of money after paying only a few premiums -LRB- if death occurs -RRB- is an amazing benefit . 5 -RRB- It is predictable . With most life insurance policies , you know exactly what will be paid out if you die .


Input: Where Can I Get Health Insurance With A Preexisting Condition?

Output: Get health insurance with a pre-existing condition easily and quickly . Now that the Affordable Care Act is federal law , individuals and families can purchase very affordable medical coverage with the aid of a new subsidy . You will not be charged a higher premium because of the condition , there will be no waiting period and you will not have to meet a larger deductible . So how and where do you buy this coverage ? As an experienced , we provide free comparisons of the most affordable options by utilizing our websites and hands-on help . There are no fees that are ever charged .


Input: Where Can I Get Health Insurance With A Preexisting Condition?

Output: Under the new Afforable Care Act , each individual health plan is , in short , guaranteed-issue - you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I highly recommend working with an independent insurance agent/broker as they can help clarify the details under each plan from multiple carriers and guide you through the process of securing a health plan that will best serve your needs -LRB- and in today 's world ... stay within your budget -RRB- . If you would like assistance with your health insurance , send me a private message . You can also run instant quotes or review additional health insurance information on my website , TermInsuranceBrokers.com .


Input: Does Health Insurance Cover A Psychiatrist?

Output: I think what you mean to ask is will health insurance cover the services provided by a psychiatrist and the answer is maybe but most likely yes . You should contact your insurer 's customer service department to get further clarification on this . You should also be very specific when it comes to discussing the type of care you are seeking . Psychiatrists mostly deal in medication management and do not often engage in psycho therapy . If you are looking for that service , you are usually looking for services from a psychologist or counselor .


Input: Why Is It Important To Get Life Insurance?

Output: It is important if you love anyone . Someone will incur grief , suffering and pain when you die . That is the human condition . Among those will be a group who will also suffer economic loss . If you care about those who will suffer economic loss make an appointment with a life insurance agent and begin the process of getting coverage , for their sake .


Input: Why Is It Important To Get Life Insurance?

Output: Depending on your situation , needs vary from client to client . To get an accurate plan , have a needs analysis performed . Do you have kids ? Are you married ? Do you have a mortgage and/or debt ? Do you want income replacement ? Just depends on your needs and build a plan around that .


Input: Why Is It Important To Get Life Insurance?

Output: It 's important to secure life insurance coverage if family members , business partners or charities depend on your economic power to earn a living and protect them from financial exposure if you died . Without coverage , the unexpected death of a bread winner or partner can cause untold financial misery for those dependent on you .


Input: Why Is It Important To Get Life Insurance?

Output: It is important to get life insurance because it is a simple way of meeting important needs . Even if you have invested and saved to care for obligations after your death , life insurance is income tax free , cashed in quickly and easily , is left to a person , and does not go through probate . While the rest of the estate is being sorted out , life insurance pays the bills .


Input: How Much Will I Have To Pay For Medicare?

Output: Medicare Part A is generally premium-free for most individuals -LRB- you 've been paying FICA taxes for 10 years/40 quarters of your working life -RRB- . If you do n't qualify for premium-free Part A , you would need to pay a premium - up to $ 426 per month . Medicare Part B requires a monthly premium - $ 104.90 per month . You may be required to pay a higher monthly premium if you fall into a higher income bracket -LRB- starting at above $ 85,000 for those that are single and above $ 170,000 for those married filing jointly -RRB- . Original Medicare covers approximately 80 % of health care expenses , plus youalso have deductible for both Medicare Parts A & B. I would recommend adding a Medicare supplement -LRB- Medigap -RRB- plan to cover the deductibles and remaining 20 % of expenses you 're responsible for . Medigap plans are sold by private insurance companies - an agent or broker can help find one that 's suitable to your needs and budget . Plan F is the most comprehensive , however , if your doctor accepts Medicare and assignment , a Plan N can be very competitive .


Input: Does Whole Life Insurance Have Surrender Charges?

Output: That is a great question ! While there will normally be some form of surrender fee applied to your policy , unless it is a universal life , or indexed UL policy it is not the often large hit that comes when you surrender an annuity product . If you do not have a copy of your policy to look at , then just call your agent , they can tell you the amount of the charge , and the amount that will be surrendered to you . Thanks for asking !


Input: Does My 401K Affect Social Security?

Output: During the accumulation phase social security tax is not applied to the amount of money that you contribute to your 401 -LRB- k -RRB- When you start drawing social security you will find that 15 % of your social security benefit will come to you free of income tax . The remaining 85 % can be taxed based upon a complex formula but that formula includes the money that you receive from your 401 -LRB- k -RRB- .


Input: Are Life Insurance Proceeds Taxable In Arizona?

Output: Life insurance proceeds in Arizona are not taxable if left to a beneficiary other than the estate . If the estate is the beneficiary , or if the named beneficiaries on the policy are no longer alive , income tax will apply . Federal estate taxes are charged if the life insurance proceeds plus the value of the estate exceed the exempted amount of $ 5,250,000 in 2013 . Only the excess amount is taxed . Arizona does not have a state estate or inheritance tax .


Input: Can A Whole Life Insurance Policy Be Cashed In?

Output: Yes you may `` cash in '' or surrender a whole life policy provided there is enough cash value to do so . However , there are some things to consider . Are you certain you do not need the life insurance any more or can at least qualify for another type of life insurance plan ? When you `` cash out '' a whole life plan you are responsible for the taxes on this money over and above the premiums paid into the plan . You should discuss your options with your agent or broker prior to calling the carrier.There are better ways to receive some of your funds tax free .


Input: Can A Whole Life Insurance Policy Be Cashed In?

Output: Yes , there are several ways to get cash from a Whole Life policy , if it has been in effect long enough to generate substantial cash value . 1 -RRB- You can cash the policy in , called surrendering it . This gives you the entire cash value , minus loans , fees , and unpaid premiums . But then your policy protection ends . You no longer have a policy after surrendering it . 2 -RRB- You can withdraw the money you paid in , tax free . This will reduce the death benefit of your policy , but it will not cancel it . 3 -RRB- You can borrow from it . If you repay the loan with interest , your policy stays intact . 4 -RRB- If you just need to get our from under paying premiums , you can see if your policy has the ability to pay premiums from cash value , or reduce the face amount so that you no longer owe premiums . When you bought your Whole Life policy , you were purchasing all kinds of great features that you may not understand . Contacting the agent who sold it to you , or another agent you trust , is a good idea before you cash in your policy . That way you can take advantage of those features you had been paying for all those years .


Input: Can A Whole Life Insurance Policy Be Cashed In?

Output: The only life insurance policies that have the potential to be `` cashed in '' are the `` permanent '' type of policies such as Whole Life and Universal Life . Of course a cash value insurance policy only has cash value to be `` cashed in '' after it has been paid into for some time . If the policy has accumulated cash value in excess of the `` surrender fees '' the policy may be surrendered or ` cashed in ' , which will terminate the policy and you will be given whatever remains of the cash value . It may be in your best interest to take a loan against the cash value rather than surrender the policy . You should discuss your options with your Insurance Adviser .


Input: Can You Share Renters Insurance?

Output: Yes . If you have multiple roommates , you can all be listed on the same policy . This will save you on the premium . Just beware that if one of you has a claim , it will count against all of you . That may raise your rates for the next few years even if you are not living with the person who filed the claim .


Input: Does The Color Of The Car Affect Insurance Rates?

Output: Color of a vehicle has absolutely no bearing on your auto insurance rates so pick the color you like . Your rates will depend on type of vehicle , your driving history and location primarily . There are other factors that can drive rates such as packaging polices and multi car but color is absolutely not one of them .


Input: Which Health Insurance Accepts Pre-Existing Conditions?

Output: That is a great question ! As the law currently stands , no major medical health plan can limit you because of a pre-existing condition . I 'd strongly advise you to get a policy under the Affordable Care Act -LRB- Obamacare -RRB- exchange site , -LRB- www.healthcare.gov -RRB- and see what policies there might work for you , and take advantage of whatever discounts might be available for you . There 's pretty strong talk about the new Congress wanting to reverse most of the advantages that the 99 % might enjoy . Thanks for asking !


Input: Which Health Insurance Accepts Pre-Existing Conditions?

Output: As of January 1 , 2014 all major medical insurance plans , both individual and group , can no longer have any exclusions , limitations or waiting periods for pre-existing health conditions . So , from that perspective it is not a matter of which health insurance accepts pre-existing conditions . Any health insurance plan in compliance with the Affordable Care Act has to . Now , there are Short Term Major Medical policies and some limited benefit and/or indemnity type policies out there that can still apply underwriting and can limit or exclude pre-existing conditions but these are not major medical health insurance plans that meet the requirements of the Affordable Care Act -LRB- ACA -RRB- . In some instances people are marketing these types of products as a low cost alternative to ACA compliant health insurance plans . They provide you with some degree of financial protection but they will not shield you from the Individual Mandate tax penalty or provide you with comprehensive coverage . If you are offered a policy that does not cover pre-existing conditions that is a red flag that someone is trying to sell you a non-compliant policy - BUYER BEWARE .


Input: How Does Medicare B Work?

Output: Medicare Part B covers certain doctor 's services , outpatient care , medical supplies including medical equipment , some preventative services such as flu shots , ambulance , mental health , and limited outpatient prescription drugs . There is a co-pay required for benefits received under Medicare Part B. Medicare supplement plans can cover the co-pay and pay for things that Medicare Part A and B do not cover .


Input: Can Debt Collectors Come After Life Insurance?

Output: The only time debt collectors can come after life insurance proceeds is if it is the beneficiary who has the debt . This may be because they cosigned a loan with the person who passed away , or it may be because they have their own debts , and the lender found out they have some money to apply toward the loan . Lenders can not take away life insurance proceeds from a beneficiary to pay for a debt left by the insured person who died .


Input: Can Debt Collectors Come After Life Insurance?

Output: Life Insurance policies are paid out lump sum to the benificiary , so , this indicates that the benificiary has control of all monies and that the creditors will have no control for garnishment . Garnishment are for wages yet Life Insurance is a death benefit paid out at time of death of the policy holder to the beneficiary . This is not matter who has control of the policy at any time .


Input: Can Whole Life Insurance Policies Be Cashed In?

Output: A whole life policy can be cashed in . Simply contact the broker or insurance company to request a `` surrender '' of the contract . However , it 's important to understand ramifications of this type of transaction , including tax consequences and the future purchase of permanent coverage which may result in a much higher premium .


Input: Can Whole Life Insurance Policies Be Cashed In?

Output: As long as the policy has accumulated cash value you can surrender the policy for the amount of cash value in the policy . At that point the policy becomes null and void . You can take a loan on the policy without losing the insurance . If you simply need cash but also need insurance , this would be a much better option .


Input: Can Whole Life Insurance Policies Be Cashed In?

Output: Whole Life Insurance Policies be cashed in by surrendering the policy . Be advised that surrender of a policy terminates the death benefit coverage and could expose the gain in the contract to ordinary income taxes at your effective tax bracket . Be advised that if youre receiving Social Security the gain from the life insurance will be included in the provision income test for taxation of benefits .


Input: How Do I Get Car Insurance With A Suspended License?

Output: There are circumstances under which a person with a suspended license or without a vehicle can obtain insurance coverage . Usually these involve an SR-22 . Many states where a person has a suspended license and has arrived at the end of the suspension period must obtain insurance coverage with a SR-22 before their license is re-enstated . Contact your local agent to find out what they have available meet your needs .


Input: Is Refraction Covered By Medicare?

Output: No , unfortunately , refraction is not covered by Medicare . Refraction , or the part of the eye exam in which you look at a chart of letters while looking into a machine called a phoroptor , is usually used to determine the need for eyeglasses . Medicare considers this a routine procedure and therefore does not cover it , even though at times refraction is used for medical purposes .


Input: Can Whole Life Insurance Be Used For Retirement?

Output: Cash value life insurance products are frequently used as a retirement planning vehicle . Most nonqualified retirement plans , from the largest to the smallest companies in America , use life insurance to informally fund the retirement payments companies make to their retiring executives . So , it would stand to reason that what works for those arrangements can work for individuals , too ! With the right products , an experienced life insurance professional can design a supplemental retirement plan using life insurance to provide income in retirement , tax free -LRB- through policy loans -RRB- . Whole life is not always the best choice in terms of efficiency and flexibility . Universal life based products are better , in my experience .


Input: Can Whole Life Insurance Be Used For Retirement?

Output: A whole life insurance policy is a very flexible product . It is often used in retirement to provide income tax free funds for special needs or occasions . If a retiree no longer requires the amount of life insurance they have they can borrow the cash value down and spend it to meet their current needs . Many life insurance policies provide that a portion of the death benefit itself can be used to pay medical expenses in the final period of life .


Input: Can Whole Life Insurance Be Used For Retirement?

Output: That is a great question ! I believe that life insurance is a must , and while it can be used as part of a retirement plan , I 'm not real big on advising so . Here 's why - The general purpose for a life insurance policy is so that you can transfer wealth , and pay final expenses . Your beneficiary receives the tax free benefits , and your final expenses are not passed onto them . If your main goal is to gut your policy and live off the cash value in it , that defeats the purpose of the wealth transfer . If the idea is to garnish tax free income in retirement , a Roth IRA would be a far better investment vehicle , and its balance can be left to a beneficiary . A smarter way to use your money , though lesser commission for an agent . I hope that helps , thanks for asking !


Input: How Much Should Life Insurance Cost Me?

Output: There is no set guideline for how much life insurance should cost per thousand dollars of coverage , nor even a guideline as to what percentage of your annual income that life insurance should cost . Life insurance rates can be extremely low in some situations ; extremely high in others . Conversing with a broker who can shop multiple companies is your best way to get an affordable and competitive life insurance premium .


Input: How Much Should Life Insurance Cost Me?

Output: It is not possible to answer your question as asked . Premiums are based upon age , sex , health , tobacco use , type of life insurance chosen -LRB- term , whole life , Universal life , etc. -RRB- the amount of insurance purchased . The best thing you can do is sit down with a qualified agent and let him/her custom design a plan suited to your wants and needs .


Input: When Would Life Insurance Not Pay Out?

Output: If you commit suicide within the first 2 years of coverage , insurance will not pay . Otherwise , failing to pay the premium on a term policy will be a reason . With permanent policies , such as EIUL from PFA , missing a payment will not cause a the co not to pay , so long as you have accumulated cash value to cover it . GARY LANE , garylane@cox.net.714 422 9616 .


Input: When Would Life Insurance Not Pay Out?

Output: Life insurance would not pay out if the policy lapsed and there was no extended term benefit on the policy . Also , if a policy is terminated for non-payment or you simply cancel coverage , a death benefit is not paid . If you commit fraud , a felony or another similar act , the insurer will certainly contest the claim .


Input: Why Is It Important To Have Homeowners Insurance?

Output: Homeowners insurance is important part of helping to protect yours ' and your family financial futures . A home is a huge investment without homeowners insurance how will you rebuild after a fire or tornado . How will your protect your assets if someone is hurt on your property if you do n't have homeowners insurance ? This is just a couple of the coverages that are provided by homeowners insurance . To find out more about what a homeowners insurance policy has to offer contact your local agent .


Input: How Much Does Knights Columbus Life Insurance Cost?

Output: Regardless of the brand of insurance you apply for the premium you pay will be determined by several factors . Your age , height-weight , health history , gender , tobacco use , etc. are all things that will affect your premium . How much coverage you want and how long you want to be covered are big factors too . Do you want coverage until the day you die regardless of how long you live ? That would mean you want whole life . Or do you want coverage for only a few years until the kids are raised and your debts are paid off ? That would mean term life insurance and you can buy that much cheaper . If you want the best premium , do n't search for any one brand or company . Compare rates for many companies using a quoter such as WEBSITELINK


Input: How Much Does Knights Columbus Life Insurance Cost?

Output: Your best bet would be to contact either the Knights of Columbus home office or one of their agents near you . Every company has their own prices and the price you pay will be dependent on the type and amount of insurance you choose and your rate class . You will never know exactly what you will pay until you go through the underwriting process .


Input: Is Critical Illness Insurance Classed As PPI?

Output: No , Critical Illness Insurance is not classed as PPI -LRB- Payment Protection Insurance -RRB- . With PPI , the person who got the loan may pay extra for protection in case he/she loses his/her job . The PPI policy will make the loan repayments , or possibly even pay off the entire loan or mortgage if the Insured passes away . Critical Illness Insurance will pay the Insured if he/she is diagnosed with a qualifying illness listed on the policy . This payment can be used to pay off loans or used for other expensees .


Input: Is Critical Illness Insurance Classed As PPI?

Output: Critical Illness Insurance in the United States is not classed as PPI because the United States does not have PPI -LRB- Payment Protection Insurance -RRB- , as such . While PPI is tied to a loan or mortgage , critical illness insurance is a stand alone policy that usually pays a lump sum to the insured person when diagnosed with certain serious illnesses .


Input: Will Obamacare Raise My Medicare Premium?

Output: ObamaCare Insurance was to be structured in where the young applicants pay a higher rate than the elder applicants so as to have the young paying a higher premium than would be the case if they could just apply directly to an insurance company for the coverage . That shows what the incompetence level of the `` designers '' of ObamaCare was . We already know we have `` social security '' that was designed where the young would be paying into the system , each required to accumulate 40 quarters of premiums paid , and how many times have the `` legislators '' been required to make adjustments to social security to keep it solvent . As you can see your premiums would depend on where you fall in that scheme-ifyou are young your premiums would ber high , if elder your premiums lower .


Input: Is Long Term Care Insurance Still Worth The Price?

Output: When you consider the cost of Long Term Care facilities and the likelihood of needing long term care it is very much worth the price . Estates have been devastated by Nursing Home and Assisted living costs . Long Term Care insurance can make a difference of being able to stay home , going to an assisted living or being forced into a nursing home . If you have a legacy you want to leave for your family , long term care insurance should be looked at .


Input: Is Long Term Care Insurance Still Worth The Price?

Output: Still ? The price of long term care is based on age , gender and health . Married couples can receive a discount by bundling their coverage together . The earlier in life you purchase long term care the lower the premium . Keep in mind that current retirement modeling suggests that a senior married couple will pay $ 250,000 in medical care during their lifetime . Is that worth it ?


Input: Why Should I Convert My IRA To A Roth?

Output: That is really a tax question . If you are currently in a lower tax bracket than you anticipate in retirement you would then pay the tax on the IRA while in this lower bracket and save that money . If you think that the tax brackets will increase you might do it for the same reason . If you want the flexibility of tax free income in retirement you might consider the conversion . It actually makes sense quite often .


Input: What Is Dual Life Insurance?

Output: Dual life insurance is life insurance that is taken out jointly , often by married couples -LRB- but the two persons do not have to be married -RRB- , with both persons names as the Insured persons on the policy It does not pay the death benefit when the first of the Insured person passes , but pays the death benefit upon the passing of the second Insured person . Thus , the common title , `` second-to-die '' life insurance . It is also referred to as `` joint '' life insurance or `` survivorship '' life insurance .


Input: Who Has The Best Long Term Care Insurance In Massachusetts?

Output: Long Term Care Insurance in Massachusetts can come from many different companies , and most of the companies that have survived the recent price adjustments are very good . The one that is best for one person , however , may not be best for another . There are some companies that have better pricing for couples , some that offer certain features at a better price than another , etc. . To find who has the best long term care insurance for you , contact a broker who sells long term care insurance in Massachusetts . That way you can see your top three companies and then choose the one that has your best price , the highest rating , or a blend between the two , if those two factors do not coincide .


Input: What Is Guaranteed Health Insurance?

Output: Guaranteed health insurance means that you could not be declined for coverage due to any pre-existing medical conditions or other health-related issues . Under the Affordable Care Act , insurance companies can no longer decline you for medical reasons - meaning every health insurance policy is guaranteed issue for health-related reasons . You must still pay your premiums as your normally would . Prior to the ACA , insurance companies could medically underwrite you and charge you a higher rate , decline you , or have a pre-existing condition waiting period if you had a certain medical history .


Input: What Is Guaranteed Health Insurance?

Output: Guaranteed Health Insurance means that if you apply for health insurance you can not be turned down because of any medical issues or pre-existing conditions . Prior to January 1 , 2014 if you applied for individual health insurance , in most states , you were medically underwritten and could be turned down , declined , or rates up 50-100 % over the standard rates . Guarantee issue means all insurance carriers must accept you .


Input: Does Social Security Offer Life Insurance?

Output: No , Social Security does not offer life insurance . There are really no federal or state provisions for life insurance , except a minimal amount allotted for funeral or burial costs if one is on Medicaid , or a military veteran . This allotment is not enough to cover even a minimal service and cremation . So it is vital to take care of this important need on one 's own with a private policy , through savings , or a pre-need funeral plan .


Input: Does Prudential Offer Disability Insurance?

Output: Prudential does offer disability insurance , but only as group insurance through an employer . Prudential offers short term disability insurance , long term disability insurance , and an integrated short and long term disability insurance option . The integrated option combines short and long term plans into one seamless and convenient policy that handles the entire disability event .


Input: Does Prudential Offer Disability Insurance?

Output: Prudential does not offer Disability Insurance that individual consumers can purchase . They do offer group short and long term disability insurance . To find a carrier that offers disability insurance for individual consumers , it is best to consult a disability insurance broker who can shop multiple companies to find your coverage .


Input: Can Life Insurance Be Contested?

Output: Life insurance can be contested , but it is very rare for that to succeed . The beneficiary chosen by the owner of the life insurance policy is who they wanted the money to go to , and the policy is a legal contract . It is very important to keep your beneficiaries up to date so that the death benefit goes to the person -LRB- s -RRB- of your choice .


Input: Can I Have Two Life Insurance Policies?

Output: Yes . You may elect to have 2 different types of policies -LRB- maybe a term policy for the high death benefit and a whole policy for the cash value -RRB- . Some people purchase a combination of policies in order to get the type of coverage they are looking for . The insurance application typically wants you to disclose your ownership of a policy if you have one at the time you are applying for your second one .


Input: What Are The Top Five Auto Insurance Companies?

Output: The largest insurers of private passenger vehicles in the USA , in order by US market share , are State Farm , GEICO , Allstate , Progressive , and Farmers Insurance Group . However , the top five companies will vary by state . For example , American Family Insurance is the company with the largest auto insurance market share in Wisconsin . Each state 's auto insurance market is unique . The top five companies in terms of US auto insurance market share are large national companies available in most US states . However , regional insurance companies often have large market share in certain states , like Commerce Insurance in Massachusetts . So , the important auto insurance companies will depend on where you live . The companies with the largest market shares do not necessarily make them the best companies for you . Progressive & GEICO continue to have large gains in market share over recent years , which may be a sign they have lower rates than competitors . Some of the best companies can be smaller regional companies . For example , companies like Erie & Auto-owners usually score higher than many other companies in annual JD Power auto customer satisfaction & auto claims satisfaction studies . The best thing you can do is read reviews & check the ratings of all the major auto insurance companies in your state , and compare their coverage , service , and rates . People really can find a better auto insurance company with much lower rates , if they shop with enough companies .


Input: Can You Borrow Against Your Life Insurance?

Output: Cash value life insurance accumulates tax deferred as long as the policy is kept in force for the life of the insured . The policy owner can borrow cash values , generally based on the surrender cash values . All cash value life insurance companies charge interest for policy loans : zero net cost loans , wash loans , spread loans , direct recognition loans and participating loans .


Input: Is Life Insurance Exempt From Creditors In Minnesota?

Output: Life insurance is exempt from creditors in Minnesota if the life insurance is left to a beneficiary other than the estate . If the life insurance goes to the estate -LRB- either on purpose or by default because all the named beneficiaries are dead -RRB- , the money will go through probate , where creditors can collect on it . If the life insurance is left to a person , creditors can not take it -LRB- unless perhaps the beneficiary was a co-signer to the Insured 's debts -RRB- .


Input: How To Cancel American Income Life Insurance Policy?

Output: If this policy is a term life insurance policy not making your next premium payment is definately an option . On the other hand if this policy is a whole life or universal life policy and has cash value built up ; you will want to contact the company to have it canceled properly to receive the balance of the cash value after cancelling the policy . If you are unable to find the company 's phone number you may wish to try looking them up with the insurance commissioner of the state the policy was issued in .


Input: How To Cancel American Income Life Insurance Policy?

Output: To cancel American Income Life Insurance , there should be a phone number on your policy that you can call to do so . They may send you a form to sign to cancel it . If you can not reach them , you can just quit paying on your policy and it will lapse by itself .


Input: How Do I Qualify For Disability Insurance?

Output: There are several factors that determine what type of disability insurance you 're qualified for . To start with , you must be working . DI is paycheck protection , so if you do n't have job , there 's nothing to protect . Also , you typically have to be at least 18 years old and making a certain amount of money -LRB- varies state by state and company to company -RRB- . Once you meet those basic qualifications , your agent will need to know your medical history and your occupational information .


Input: How Do I Qualify For Disability Insurance?

Output: There are two main qualifying issues here : medical health and financial justification . Your personal health history and current medical condition weigh greatly on the underwriting classification offer youll receive from a disability insurance company . In addition to a medical review , you must validate your compensation , generally with two years of tax returns .


Input: Does Bank Of America Sell Life Insurance?

Output: I am not an employee of Bank of America but yes just like most banks today they do sell life insurance and annuities . BoA has subsidiary life insurance companies through Merrill Lynch , General Fidelity Life Insurance Company , Meritplan Insurance Company and Newport Insurance Company . Even now some insurance companies now have banks .


Input: What Is Rebating In Life Insurance?

Output: What is rebating in Life insurance ? It is a situation where some of the commission earned in the sale of life insurance is given back to the insured as an incentive to close the deal . Rebating is against the law in some states and some companies do not allow rebating in regards to their product . Rebating goes against the fair purchase of life insurance as it creates situations where one person could get a better deal than another for the same product . Sure it 's great if you get some money back but , did you get as much as that other guy ? Did you report your rebate as income to the IRS like your supposed to ? Rebating sort of creates a mess and that is why most states and most insurance companies frown upon it .


Input: What Is Rebating In Life Insurance?

Output: Rebating in life insurance is using money or gifts to incentivize a sale . E.g. . An agent telling someone that they will refund 1/2 of their client 's life insurance premium back to them if they purchase the policy through that agent . It is illegal in most states and life insurance agents who rebate can face high fines and penalties .


Input: How Long Does It Take To Get An Auto Insurance Check?

Output: It depends on the severity of the claim , how long it takes the adjuster to determine fault , and how cooperative all involved parties are being . Most often , however , the insurance money is paid directly to the body shop that performs the repair work with you supplementing that money with your deductible .


Input: Can You Be Dropped By Health Insurance?

Output: Yes , but only in certain situations such as you not paying your premiums -LRB- the policy would lapse -RRB- or if it 's discovered you intentionally lied on the application for the coverage -LRB- fraud -RRB- . A policy is a contract - you agree to pay a certain premium amount in exchange for coverage so when a situation occurs that is covered by the plan , the insurance company pays their portion of the claim up to the specified amounts in the policy and any remainder would be billed to you , if applicable . Please let me know if I can be of further assistance . Thanks very much .


Input: Who Has Cheap Renters Insurance?

Output: Renters insurance is quite inexpensive . The cheapest policy is the one that you have in force with adequate limits the day that you have a claim . Nothing is as cheap as a fully paid claim . Price variation between carriers doesnt seem to be pronounced . Find an agent that you can trust . Get a recommendation from a neighbor , colleague or friend and let them put a plan together . You should be pleased , especially if you actually need to file a claim .


Input: When Can I Enroll In A Medicare Part D Plan?

Output: There are a couple of times when you can sign up for a Medicare Part D plan . When you first become eligible for Medicare , you have a seven month window of time starting three months before your 65th birthday month and ending three months after your 65th birthday month . If you are on Medicare for disability and not yet 65 , the window occurs the 22nd through 28th month of disability . You will also qualify during the window around your 65th birthday if this is the case . Every year between October 15 and December 7 you can enroll or change the Part D plan you are on . This change takes affect at the beginning of the next year . If you qualify for certain events , there are additional times that you can change or add Part D coverage . These include moving out of the area of your current plan , living in a nursing home or similar institution , qualifying for state Medicaid or losing other credible insurance coverage . If you think any of these might apply to you , contact your local broker and they will be able to help confirm the qualifying event .


Input: How Much Is Life Insurance In The Philippines?

Output: Life insurance is based upon the same principles regardless of where a company is doing business . The first factor is age , the second factor is health , the third is occupation , and these and other factors combine to produce a rate . The rate is then applied to the amount of coverage that you desire . Whether the death benefit is going to be in Pesos , Dollars , or Lire , the same basic principles are at work .


Input: How Much Is Life Insurance In The Philippines?

Output: The cost of Life Insurance in the Philippines will depend on what type of Life Insurance you are looking for . Term , Whole Life or Universal Life . First , I would recommend contacting an agent who can write Life Insurance in the Philippines . The cost should not be too far off of what you pay in the United States however there may be some different ratings which I am not aware of . I can refer you to an agent if needed .


Input: How Much Is Cheap Life Insurance?

Output: There 's many factors that go into the premiums for life insurance to say what a policy costs - it will be different for every person as we each have our own specific needs . The premium for a policy will depend on the insured 's age , amount of coverage they want , how long they want the coverage for , their riskclassification -LRB- determined by your medical history -RRB- , and whether they ` reapplying with full underwriting or non-medical term coverage . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical term life insurance policies will almost always cost much more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Much Is Cheap Life Insurance?

Output: I am sure you have heard the ad for $ 1/day life insurance . Thats pretty cheap , right ? No medical questions asked . Of course , all you get is a burial policy . Is that enough for you ? For many people it is not . They want additional coverage to protect the mortgage , replace income , support their business , etc. . Under these circumstances , cheap is defined by the lowest possible premium , given your own unique risk profile . To determine that , you need the right broker , the right general agency , and the right carrier . I have found that if you put these three together , the rate is almost always cheaper than you thought it would be .


Input: How Much Is Cheap Life Insurance?

Output: Cheap life insurance is relative to the insured person 's age , gender , build , health , and tobacco status . The premium also depends on the type of policy and amount of coverage . So it is impossible to put a dollar value on `` cheap life insurance '' . You can run some quotes online to see what prices you might get . Then give the website a call to make sure that you qualify for the quotes you are looking at . Sometimes we even find lower priced policies for our clients when they call in .


Input: Who Pays For Disability Insurance?

Output: It depends on which type of disability insurance you have . If it is a group disability plan then your employer can pay any or all of the premium . If it is an individual disability policy then you would pay the premiums . If you pay the premium and become disabled your benefits are tax free because you paid premiums with after tax dollars . On group disability where your employer pays , he deducts the tax and your benefits would be taxable as income .


Input: Who Pays For Disability Insurance?

Output: When purchasing an individual disability policy , the insured person usually pays for it . If the policy is a group disability policy , then the employer might make the payments , or the insured employee might make the payments , or they might even make an agreement to split the premium payments between them .


Input: How Good Is Axa Home Insurance?

Output: Axa home insurance , I believe , is available in Great Britain . It appears to be a reputable company but I am not familiar with companies in Europe . While it is true that I have a great British accent , which is popular at gatherings with folks from England , I am tot well-versed regarding their insurers .


Input: What Is The Elimination Period For Disability Insurance?

Output: The elimination period is basically the policy deductible . It is typically the number of days from the onset of disability for which no benefits are payable . The standard elimination period is 90 days -LRB- as Steve mentioned , that how much the typical American has in cash reserves -RRB- , but your agent can also adjust the EP to 30 , 90 , 180 and even 365 days .