Input: Does Homeowners Insurance Cover Downed Trees?

Output: While in most cases it will not cover the tree itself it will cover the damage caused by a downed tree and if necessary removal of the tree from the damaged structure . If a tree falls on your house , the damage will be covered and the tree removed . The tree itself will not be replaced .


Input: Is Long Term Care Insurance A Good Deal?

Output: If you have assets you want to protect then you should consider Long Term Care Insurance . You have a one in four chance of needing some type of long term care in your lifetime . The average Nursing Home cost is between $ 6000 and $ 8000 per month , Assisted Living is around $ 4000 to $ 5000 per month . Home Health Care is around $ 15 to $ 20 per hour . It will not take long to go through any assets at these rates . Then the option will be Medicaid . If you want to protect your assets then Long Term Care is an excellent way to do so and will be far less expensive in the long run .


Input: Is Long Term Care Insurance A Good Deal?

Output: That is a great question ! Any time I am asked this type of question , I 'll always ask the same thing : `` Can you afford to pay between $ 60,000 and $ 80,000 a year if you or your spouseneed to go into a nursing home ? '' If the answer is yes , then I tell them to save their money , and invest it elsewhere . Since the answer more often then not is no , I advise them to purchase a policy . Statistics show that nearly 70 % of Seniors need some form of long term care at some point , and these policies are still relatively cheap , with great coverage . It is definitely a good piece in a retirement package . Far too many Seniors have seen their nest egg disappear too quickly as a result of medical needs . Please do n't be one of them . Thanks for asking !


Input: What Is The Average Homeowners Insurance?

Output: The homeowners policy is an extremely popular insurance plan . The primary reason is its acceptance by lenders . It is a formula based package based upon the replacement cost for the home . Personal property and other coverages then have limits that are a percentage of the replacement cost for the home . An extremely important part of the homeowners policy is the liability section which provides coverage for bodily injury and property damage . A lawsuit can bankrupt you so this coverage is vital .


Input: How Much Is Disability Insurance On Average?

Output: On average , long term disability insurance costs 1 % to 3 % of the annual salary for men ; slightly higher for women . There are many features to a Disability Insurance policy that can make it cost more . Some are important , some not so important . Most people will have to pick and choose to keep the Disability insurance premium within their budget but still get the important features .


Input: Does Medicare Cover B12 Shots?

Output: Medicare does not generally cover self administered injections . However , the administration of B12 shots by a medical caregiver might be covered if administered no more than once per month -LRB- can be more often with some exceptions -RRB- and deemed medically necessary for the following conditions : Specified anemias : pernicious anemia , megaloblastic anemias , macrocytic anemias , fish tapeworm anemia ; Specified gastrointestinal disorders : gastrectomy , malabsorption syndromes such as sprue and idiopathic steatorrhea , surgical and mechanical disorders such as resection of the small intestine , strictures , anastomosis and blind loop syndrome , and Certain neuropathies : posterolateral sclerosis , other neuropathies associated with pernicious anemia , during the acute phase or acute exacerbation of a neuropathy due to malnutrition and alcoholism .


Input: What Is A Long Term Care Insurance Plan?

Output: A Long Term Care Insurance plan is an insurance policy that pays the benefit when the insured person is unable to care for themselves for an extended period of time . It can provide funds to a nursing home or other care facility , or it can pay the benefit directly to the insured person to spend on their own care as they see fit . To qualify to receive a benefit from a long term care insurance plan , the insured person must need assistance to perform at least a couple activities of daily living , such as bathing , dressing , or eating . Sometimes a mental impairment can trigger the benefit to start being paid . Policies have elimination periods , and you must wait until those days are up before beginning to receive payments for your care .


Input: Why Invest In Life Insurance?

Output: There are considerations in contributing to life insurance , first and foremost in client suitability . Permanent life insurance is a long term commitment , with early illiquidity issues . If the policy is kept in force for the life of the insured , there can be substantial tax benefits and positive ramifications for Social Security benefit taxation . There are four permanent life insurance policies to consider based on risk tolerance and long term premium commitments : Participating whole life with maximum term life insurance and paid up addition riders can provide a conservative tax advantaged return based on the portfolio of the life insurance companys predominate bond holdings . Current assumption universal life also an interest rate crediting method as well . Indexed universal life uses domestic and foreign indices as its primary crediting method . Variable life insurance uses equities and bond allocations to subaccounts and is subject to market losses .


Input: Why Invest In Life Insurance?

Output: Do not look at life insurance as an investment . First and foremost , the objective is to provide a death benefit at a competitive , level premium . The cash value is a secondary feature which permits a level premium for life . The internal rate of return on the cash value can be projected based on current assumptions and should compare favorably to other long term savings products so i can make sense on this basis . Life insurance offers protection , income replacement , and the chance to leave a legacy . With life insurance , you are protecting the people you care about the most . Life insurance can also protect the business you own .


Input: Why Invest In Life Insurance?

Output: why invest in life insurance ? Why not ? Life insurance is a cornerstone of a financial portfolio offering a safe reasonable return when RISK is considered and a death benefit to protect others in your life . Life insurance as been around a long time . It 's in recent time that using the word `` investment '' along with life insurance has been turned into a dirty word . The comparisons used to make the point against cash value life always seem to involve an equitity that does not share the same RISK profile and only shows equitities in a upward rise . The reality is a person needs both life and equitities , but not one at the expense of the other . I would avoid those in either camp that stress just one over the other . Planning involves addressing RISK and these choices address RISK in different ways , which is a good thing for most people .


Input: Is Life Insurance Taxed In South Carolina?

Output: Life insurance in South Carolina is not charged income tax if left to a beneficiary other than the estate . If the policy is cashed in before death and the money in the policy is more than the face amount , the excess can be taxed . Interest on the money paid out to the beneficiary is also taxed , when paid out on a payment plan .


Input: Is Life Insurance Taxed In South Carolina?

Output: The death benefit is not subject to income tax in any state if it is received as a lump sum . Some life insurance companies may offer a larger amount if the benefit is received over time , and in that case , the additional amount received over the base benefit is subject to income tax . Estate taxes might apply .


Input: What Does Collision Cover On Auto Insurance?

Output: Collision generally covers you when you strike another vehicle or fixed-object with your vehicle . In the event of a collision claim , you pay your collision deductible and then all of the damage related to the accident is taken care of . Keep in mind that different states may have varying definitions of what collision is . If you want a more definite answer for your location , I recommend contacting your local insurance professional or reaching out to your carrier . Thanks for asking !


Input: What Does Collision Cover On Auto Insurance?

Output: There are two forms of physical damage coverage that may be included in your auto policy that protects against damage to your car . Collision is the more narrowly defined of the two , covering your car for damage that results from impact with another car , a stationary object or a human being . Comprehensive covers most everything else including damage from theft , fire , falling objects , impact with an animal etc. .


Input: What Does Collision Cover On Auto Insurance?

Output: Collision is the coverage on your auto insurance policy that provides coverage for damage to your car if you or another vehicle is hit by an object . Such as a wall , fire hydrant , garage , another car ... . You probably get the picture . This coverage is not required by law but if you have a loan on your car your creditor will make you purchase Collision coverage on your auto insurance policy . You choose a deductible -LRB- $ 500 or $ 1000 are common -RRB- which is what you pay out-of-pocket for a claim before your Collision coverage will kick in .


Input: What Does Collision Cover On Auto Insurance?

Output: Collision is a physical damage coverage . That means that the company will pay for a loss sustained by your vehicle as a result of a collision with another object or vehicle and includes upset . Most other physical damage losses are paid under the provisions for comprehensive coverage . Both of these coverages normally have a deductible which causes you to be pay for part of the loss . The basis for settlement is actual cash value in mot cases .


Input: What Does Collision Cover On Auto Insurance?

Output: Collision coverage will typically provide for the repair of your vehcicle less your deductiblewhen you are involved in an auto accident whether or not you are deemed at fault . Please remember all policies and companies are different . Read your policy completely to know what is covered and what is excluded or call your local agent to have them explain the coverage and exclusions within the policy .


Input: What Does Collision Cover On Auto Insurance?

Output: Collision is coverage for the insureds auto regardless of fault . If you have purchased collision coverage and your vehicle is involved in a collision this coverage will repair the damage up to the value of the vehicle minus the collision deductible . A collision is when you hit an object whether moving or stationaryor an object hits you . An object hitting you would be moving but this would exclude an animal which would fall under comprehensive coverage . If you are at fault naturally you would pay your deductible for the repairs of your vehicle . If the other party is at fault you have the option of using your own insurance and paying your deductible or going through the other carrier should the other carrier admit liability . If the other carrier steps up quickly then you would not have to pay your deductible . It 's nice when the other party admits fault but is some cases this is not the case and you would have to pay your deductible and let you insurance company then subrogate to get your deductible back at a later date .


Input: How To Sign Up For Medicare Online?

Output: The rules of medicare requires the insurance agent to verify you are who you say you are and they must certify that they have interviewed you in a face to face conversation and the agent has to `` recertify '' every year in order to sell medicare advantage and the agent is accountable to assure if you have a `` personal representative '' or a `` power of attorney '' that person has to be present . The agent is also accountable to give you a `` summary of benefits '' and to assure you understand the type of policy you are purchasing and the coverages . The insurance agent must licensed to sell insurance for the State in which you reside


Input: What Is The Purpose Of Long Term Care Insurance?

Output: The Purpose Of Long Term Care Insurance is to protect your finances against assisted living and/or nursing home confinement expenses during retirement . The average senior married couple spends $ 250,000 in medical and extended care costs during their golden years . Many uninsured elderly rely on the limitations of Medicaid .


Input: Where To Buy Long Term Disability Insurance?

Output: Disability insurance can be purchased in three ways : company direct , a career agent or a brokerage agent . Company direct promotes its own proprietary product , which may or may not be suitable for you . Career agents generally work for a main company with some access to other product lines . Brokerage agents generally have several insurance outlets and can present dozens of companies .


Input: Where To Buy Long Term Disability Insurance?

Output: Long Term Disability Insurance is a health insurance product , so agents who are licensed in health insurance can sell it . Life insurance agents often sell disability insurance , as well . You can look on the internet or in the Yellow Pages to find agents who can shop a number of carriers to find you the best price for long term disability insurance .


Input: How To Get Rid Of Home Mortgage Insurance?

Output: Start by understanding what your credit score is and how to improve it . Simple tips from lenders websites can help . my personal experience is that mortgage companies like insurers are trying to assess responsibility in how you live your life . credit scores and insurance scores are measures of that . When you have worked to get ally our credit score with all your `` ducks '' in a row cal the lender and ask .


Input: When Will Health Insurance Premiums Go Down?

Output: The PPACA or Obamacare starts the enrollment process October 1 , 2013 . One of the campaign promises of the health care legislation is that health care insurance premiums will be reduced . Currently everyone under 35 will more than likely see an increase in premiums to pay for older Americans . And although initial projections of premium stability may occur early on , it is projected to increase past current assumptions before 2020 . The bottom line : health care premiums will increase .


Input: When Will Health Insurance Premiums Go Down?

Output: Health insurance premiums will godown ... some day . Perhaps that day will be sooner than you think . InOctober , Open Enrollment begins for 2014 plans . And for many consumers , a federal tax subsidy will be applied to your premium , if you qualify . The subsidy is based on household income so if you are a low-incomeearner , you will benefit . So ... it appears , for some persons , your health insurance premiums will go down in early 2014 . That 's not far away !


Input: How Does Part D Of Medicare Work?

Output: Medicare Part D is a stand alone prescription drug plan . You should pick a plan based on your current medications and run them through the Medicare drug formulary finder to locate the lowest overall cost plan . Some plans have deductibles -LRB- $ 325 in 2013 -RRB- for brand name drugs , some do n't . Usually the plans with deductibles have lower premiums and lower total costs . After the deductible -LRB- or not -RRB- you pay a copay for drugs on the formulary . The carrier pays the balance until you get to the donut hole .


Input: What Type Of Life Insurance Is Best For Young People?

Output: I believe a well-balanced , personalized portfolio is the best for young people . Young people should think about purchasing term insurance due to the fact you can get a lot more for lower premiums . They should also consider whole-life life insurance . Young people should also consider such products as : annuities , long-term care insurance and disability insurance etc. . Term insurance is a good product to cover expenses in case something happens to the young person before the whole-life life insurance has a chance to mature . How many times have young people been killed in car accidents or diagnosed with some form of a terminal illness ? Then the family has to put little jugs and jars around in businesses asking for donations to cover the final expenses and other debts . That is not a time for embarrassing situations like that . That is a time for mourning and for family gathering together . Whole-life life insurance is a great product due to the fact the premiums do not change over the life of the insured . These products , if set up correctly and under current tax laws , allow the insured to pass on a legacy to his heirs tax-free . Annuities are great products for young people to start so they can plan for retirement . When you are ready to retire it is to late to start planning . Long-term care insurance is great in case you need some form of assisted living at any stage of your life . Disability insurance is great in case you get hurt and can not work but you need money for shelter , food and other bills . I am not suggesting you purchase all of these products at one time . I do recommend you meet with a licensed insurance professional and get a good foundation built . Then add to your portfolio over time . Keep in mind these products are generally less expensive when you are young . It is kind of like building a house . You do not want to start with the roof and work down . You should really start with purchasing the land , looking at blueprints , checking out contractors and pulling permits etc. . Then you form the foundation and build upwards towards the roof . To your prosperity .


Input: What Type Of Life Insurance Is Best For Young People?

Output: what is the best type of life insurance for young people ? In my opinion dividend paying whole life is the best choice for young people who have not yet put themselves in such debt that the option of whole life has to take a back seat to debt protection . For young people whole life is a great choice as the price is cheap , the benefit is large and the price is locked in . It is the absolute best window of opportunity to take advantage of what whole life can do .


Input: Does My Health Insurance Cover Gym Membership?

Output: Many plans -LRB- but not every single one -RRB- provide some type of incentive for members to actively exercise . Wellness programs are becoming more prevalent as plans seek to keep claims experience lower by promoting healthy lifestyles . There may be some form of direct compensation to offset a portion of your annual membership costs . There may also be benefits tied to the number of times the facility is used over the course of the plan year . Many gym utilize swipe cards for entry that facilitate usage reporting .


Input: Does My Health Insurance Cover Gym Membership?

Output: An individual health insurance plan is generally not going to pay for your gym membership . However , they may offer certain wellness programs for you to be active and continue your good health . Some plans may offer a discount on memberships of facilities the carrier has an association/contract with . You will need to review your specific plan or contact your agent/the carrier to find out what programs , if any , are available . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: Does My Health Insurance Cover Gym Membership?

Output: Yes many health plans when it comes to underwriting will give you credit for healthy lifestyles . Depending on the plan the health insurance will provide discounted membership to staying healthy . In addition it is great for the insurance provider to increase the morality rate and overall can lower premiums across if many insured stay healthy therefore its a win win situation for everyone to stay healthy and being part of a healthy lifestyle is a great incentive overall .


Input: What Are The Benefits Of Annuities?

Output: Annuities can be tax deferred and have tax basis advantages during life time annuitization . The longer the deferral accumulation period , the greater the savings advantage , especially in a high tax bracket . Lifetime annuitization payments are comprised of earnings and basis until basis is distributed , generally amortized to the life expectancy of the annuitant .


Input: What Is Life Insurance Endowment Plan?

Output: Endowment plan , in the context of life insurance , can mean a few things . For example , when we design proposals for clients which involve flexible premium products such as universal life and its variations , we tend to solve for premiums based on conservative interest projections and aim at growing the cash value to `` endow '' at age 100 meaning we want the cash to grow to equal the initial death benefit purchased . Or we solve for maximum premium for a given death benefit to maximize cash values . Pure endowment policies are no longer offered in the US around 1980 due to tax code changes which declassified them as life insurance . In 1988 the term `` modified endowment contract '' was introduced into the code to further limit `` investment '' oriented life insurance . But the endowment concept is still alive and well when we design life insurance for maximum cash value accumulation within today 's limits .


Input: Cialis Daily Is Advertised For BPH Treatment, Approved By The FDA, But Not Covered By Insurance. Why?

Output: It ultimately depends on what prescription drug plan you have . Not all drug plans are the same . The list of covered drugs -LRB- also known as a formulary for Medicare programs -RRB- will tell you whether your Cialis prescription will be covered . If it 's listed as a covered drug , then you would only pay your share of the expense -LRB- deductible , copay , and/or coinsurance , etc. -RRB- . If it 's not a covered drug , then you would be responsible for 100 % of the cost . It may simply be that the prescription drug plan you have does not cover this specific drug . \ At age 71 , I 'm assuming you 're on Medicare . If so , regardless of whether your drug coverage is under a Medicare Advantage plan or through a stand-alone Part D plan , you would not be able to make any changes to your drug coverage until the annual enrollment period -LRB- October 15 - December 7 of each year -RRB- . During the annual enrollment period , you can evaluate your options to see which carrier 's plan will cover this prescription . If you 're covered under an employer plan , options may be limited , but if more than one option is available , I would recommend reviewing each of them to see which plan will be most suitable for your needs . If it 's an individual poilcy , I recommend contacting the agent who placed the covered for you -LRB- that person would be the servicing agent for the program -RRB- or call your insurance carrier directly to find out if it should be a covered drug under your plan . If you have a group policy , then you would need to either contact the carrier directly or your human resources department should be able to put you in contact with the appropriate person . I hope the information is helpful - please let me know if I can be of further assistance . Thanks very much .


Input: Cialis Daily Is Advertised For BPH Treatment, Approved By The FDA, But Not Covered By Insurance. Why?

Output: Cialis coverage depends upon the prescription drug formulary used by a specific health insurance carrier and the medical necessity for that specific drug . Having lost a family member to prostate cancer I sympathize with your situation . Unfortunately , there has been a fair amount of abuse of using the diagnosis of BPH as a screen to really get it covered for use for its effects on erectile dysfunction , that 's one problem you are faced with . Secondly , Cialis does have a number of side effects that can be problematic for men with other health issues . There are other treatments for BPH that do n't have as many side effects so these are probably preferred by your insurance carrier . This is an issue where coverage for Cialis can vary greatly from insurance carrier to insurance carrier . It may also be a case where your physician has not made the case for medical necessity for your particular condition . It is not uncommon to have an initial prescription request declined in these dual use drug scenarios and it may require more extensive communication and submission of medical records by your physician to your insurance carrier 's pharmacy management unit to request approval . But certainly a very strong case of medical necessity will have to be made to get a prescription for Cialis approved . Let 's face it , they 're not advertising it for it 's effects on BPH , they 're advertising it so 71 year old can act like a 21 year old again .


Input: Cialis Daily Is Advertised For BPH Treatment, Approved By The FDA, But Not Covered By Insurance. Why?

Output: Insurance companies try to identify the cost of every benefit that they offer . When a drug does not appear on the covered list there is insufficient demand for the drug or the expense outweighs the benefit . While everything is negotiable , inclusion of another drug does affect the cost and ultimately the premium that you pay .


Input: How Much Homeowners Insurance Do I Need At Closing?

Output: You will need to prove coverage that covers the loan amount of the mortgage to close on the home . You simply need the coverage declaration page -LRB- the `` dec page '' -RRB- to prove that you have bound coverage . Your coverage will begin as soon as the closing is finished and you take ownership of the property .


Input: How Much Homeowners Insurance Do I Need At Closing?

Output: The amount of insurance may be determined by the insurance company , computing the replacement cost of the property , or by the lender , if more , to insure their interest in the property . At a minimum , your policy will need to cover the mortgage to protect the lender 's interest . Your insurance company will help you figure out the coverage amount needed to protect your interests in the event of a loss .


Input: What Are The Best Medigap Plans?

Output: Your best Medigap plan is the one that is affordable and covers what you expect the plan to cover . All Medicare supplement insurance plans with the same letter are identical in every way except the premium . Medigap plan F is the most popular , but It is also the most expensive plan . A couple from south Georgia needed to save money on their Medigap plan . After a few moments on the phone , I showed them how to save over $ 1700 per year by making a simple switch in coverage . #GeorgiaMedicarePlans


Input: Can I Cash In My Variable Life Insurance Policy?

Output: When a permanent life insurance policy has a accumulated a cash value , often times there is a way to surrender -LRB- or ` cash in ' as you wrote -RRB- the policy . Without a great deal of additional information , you would be best served just calling your insurer directly -LRB- or the agent that sold you the policy -RRB- and asking about this and any surrender charges . Again , without knowing details about the specific policy and when it was issued , it ca n't even be determined if there is a cash value . If you want to keep the policy but just need to take a loan out for a temporary amount of time , they may go over policy loans . If it is a matter of not being able to afford the policy anymore , but you want to keep some coverage , they may go over some of the non-forfeiture options . These may include extended term or reduced paid-up .


Input: Can I Cash In My Variable Life Insurance Policy?

Output: There may ordinary income tax consequences , possible IRS penalties and surrender charges . If you have gain in the policy , you 'll pay ordinary income tax . If the variable life insurance policy was issued as a modified endowment contract and you cash it in before age 59 1/2 , the may be a 10 % penalty . There may also be surrender charges in the first 9 to 15 years . Determine these ramifications first before moving cashing it in . You may be able to borrow policy loans , that could be an alternative to losing your coverage by cashing in your policy .


Input: How Fast Can You Get Car Insurance?

Output: Depending on where you get the policy if your purchasing online and understand the coverage 's then it may be less then 30 min . I know that our agency can quote with 10 carriers and have a policy issued with in 15 minutes or less . So longs as you have all your information right infront of you most companies can issue a policy with in 15 to 30 minutes max .


Input: What Does No Gap Mean In Health Insurance?

Output: `` Gap '' generally applies to a `` hole '' in coverage - in other words , the amount that the insurance does not cover . There is Gap coverage available for Medicare -LRB- Medicare Supplements and Medicare Advantage Plans -RRB- . For pre-65 health insurance , you can buy supplemental coverage such as Critical Illness and Accident plans . These are fairly inexpensive and pay cash directly to you if the specified accident or illness occurs . It 's your money to spend as you wish . You could pay your rent or mortgage while recovering , pay your deductible , go to Disneyland ... whatever you want !


Input: Does Renters Insurance Cover Broken Appliances?

Output: It may if you have an equipment breakdown rider on the policy . Your renters policy provides coverage for your personal property in the event of a covered loss and liability protection in case of an accident occurring in your residence that you are deemed responsible for . Always remember every policy is different . Read your policy completely to know what is covered and what is excluded or contact your local agent to have them go over the policy with you .


Input: Does Renters Insurance Cover Broken Appliances?

Output: A renters insurance policy is not a maintenance policy or a warranty . In other words renters insurance will not cover a broken anything if it 's mechanical in nature . For a claim to be covered the incident first will need to fall under sudden and accidental . Then the incident will also have to fall under the perils of the policy of which mechanical breakdown is not one of them .


Input: How Many Americans Are Currently Without Health Insurance?

Output: Estimates of the numbers of uninsured Americans have always varied widely depending upon the definitions used . As of June of 2014 and the completion of the first open enrollment period for ObamaCare a firm count on the numbers of insured and uninsured Americans is yet to be announced . After all the effort , expense and turmoil associated with the passage and implementation of the Affordable Care Act -LRB- ObamaCare -RRB- the initial indications are that we have slightly reduced the number of uninsured Americans . A poll released in April , 2014 indicates that the uninsured rate declined from a peak of approximately 18 % in the summer of 2013 -LRB- which was the high point since the start of the recession in 2008 - the overall average uninsured rate for the 2008 through 2013 period was more in the 16 % to 16.5 % range -RRB- to approximately 15.6 % at the end of the first quarter of 2014 . This represented about a 1.5 % decrease in the uninsured population from January 1 , 2014 -LRB- 17.1 % -RRB- to the end of March , 2014 and our uninsured rate remains above the level that existed before the 2008 financial crisis . Assuming that we have a population of approximately 320 million in the United States , my math would indicate that leaves close to 50 million uninsured Americans . The number I hear and see used most often states that there are still more than 30 million Americans without health insurance . I ca n't reconcile the different numbers but what is clear is that our efforts to insure every American have fallen significantly short ofthe stated objective .


Input: Can I Drive A New Car Home Without Insurance?

Output: Most auto dealers will not let you drive the car off of the lot unless you have proof of insurance if there is a loan on the car . It is never a good idea to drive a car without insurance . If you traded a car in , then the coverage on the older car may extend to the new car temporarily , but you need to call your agent as soon as possible and get it changed . Most dealerships have an insurance agent they work with who can get you coverage as well .


Input: Can I Drive A New Car Home Without Insurance?

Output: Generally speaking , probably not . Most States require you to have at least a mandatory minimum amount of Liability Insurance in order for a car to be registered . Your Car Dealership will need to obtain proof of that coverage from your Isurance Professional in order to register the car for you , so without such proof , they ca n't really do anything to complete the deal . In addition , unless you are paying cash for the car , it will either be financed or leased and in both cases , there are requirements to have both Comprehensive and Collision coverage on the car and , in the case of a lease , the required amount of Liability coverage which is somewhat more than any State 's minimum requirement .


Input: Can I Drive A New Car Home Without Insurance?

Output: Probably not . Most states -LRB- including here in CT -RRB- require proof of insurance as a condition of registering your car . Dealerships will require that your insurance professional send them an Insurance Identification Card so that they can process the registration for you . Likewise , if you are either leasing or securing a loan to purchase your car , the financial institution will also require you to have the proper insurance coverage in place in order to finalize the sale .


Input: Can I Drive A New Car Home Without Insurance?

Output: If you have an existing auto insurance policy then you should be able to drive the new vehicle of the lot . You want to verify with your insurance provider your coverage 's . If you do not have any insurance in place do not drive the car anywhere until you have secured an insurance policy . Besides the fact you are required to have insurance to operate any motor-vehicle it would sure be a bummer to wreck your new car and have no coverage .


Input: Can I Drive A New Car Home Without Insurance?

Output: The answer you are looking for is no . You will not be able to take delivery of your newly purchased vehicle without proof of coverage for the vehicle . Proof of coverage is just one of the many documents that you will need to sign in order to complete the purchase of the vehicle to make it yours . Congratulations on your new vehicle !


Input: Does Medicare Supplement Insurance Cover Long Term Care?

Output: No , Medicare supplement plans do not cover Long Term Care expenses . You can get up to 20 `` free '' days in a skilled nursing facility with Medicare Part A , if your stay qualifies by virtue of having been hospitalized for at least three consecutive days for the condition that causes the need for the care . After that , you will pay part of the cost of your stay for up to another 80 days . After that , Medicare does not pay for skilled nursing care , except for the normal Medicare benefits you receive via Medicare and your supplement -LRB- hospitalizations , doctor visits , etc -RRB- .


Input: Can I Cancel Life Insurance At Any Time?

Output: Yes , you can cancel your life insurance at any time . If you have Term insurance , there is no penalty -LRB- unless you have ROP Term - Return of Premium Term , in which case you will not get back the full premium you paid in -RRB- . If you have cash value life insurance , you may lose some or all of your cash value to surrender charges if you cancel your policy in the earlier years . And of course , when you cancel your life insurance , you lose your death benefit . So contact a professional to review your choices before cancelling a life insurance policy . There are often options of which you may be unaware , that can save you money and possibly save at least part of your death benefit .


Input: Can I Cancel Life Insurance At Any Time?

Output: Yes , you may cancel your life policy at anytime . There is no obligation cor you to keep the contract . You may call your company or agent and inform them . You many also let the policy lapse which is not a good idea due to underwriting . The company can only cancel your policy for non-payment of premium , fraudulent activities , and withholding facts during the application phase .


Input: What Is CMFG Life Insurance Company?

Output: CMFG Lif Insurance Company provides financial services and insurance/protection products to credit unions and their members , and to customers worldwide . CUNA Mutual Group is the marketing name for CMFG Life Insurance Company and its affiliates and subsidiaries . TruStage is the marketing brand for the life insurance products issued by CMFG Life Insurance Company .


Input: Will Renters Insurance Cover Stolen Bikes?

Output: Bikes would be considered personal property . As such they would be covered up to the limits of the policy in accordance with the provisions of your policy . Where the bicycles were at the time of loss is a factor as to the limit of coverage . The deductible would apply which reduces the amount of recovery .


Input: Does Home Insurance Cover A Dog Bite?

Output: Dog bite is a terrible problem . It is covered by your homeowners policy , however , insurance companies have added pages to the policy that restrict and remove that coverage . Many insurance companies will not write a homeowners policy if they know that specific breeds are present . If a policy is written it will specifically exclude any coverage for any animal of those breeds and for any dog with a history of biting . Additionally , they will frequently reduce the liability coverage for a dog bite .


Input: Can I Get Insurance On A Car I Do Not Own?

Output: Car insurance needs to be obtained by the legal owner of the vehicle . You can not insure a car that you do not own . However , with the owners permission you can pay for the car insurance and be listed as a driver if you will be driving the car on a regular basis . Parents do this a lot for children who need help getting started on their own .


Input: How Good Is Global Life Insurance?

Output: They are best know for guaranteed issue policies I believe . These would be for very small face amounts , with no medical exam . If you want a larger policy , such as $ 250,000 , you might contact a company like New York Life , which would normally require a medical exam but regularly issue large face amount policies , both term and whole life . Gary Lane , Registered Representative , New York Life . 949 797 2424 . Thank you .


Input: What States Have Temporary Disability Insurance?

Output: The states that offer Short Term Disability benefits are California , Hawaii , New Jersey , New York , and Rhode Island . California offers Short Term Disability that can last up to one year . New York requires most employers to offer Short Term Disability coverage . New Jersey , Rhode Island and Hawaii offer Temporary Disability -LRB- TD -RRB- benefits .


Input: What Does Plan F Cover In Medigap?

Output: Plan F covers what Medicare Part A & B does not . You will have no deductibles , co-pays or co-insurance . It is the most comprehensive plan on the market . The benefits for Plan F are the same regardless of who the insurance carrier is . You should consult with an independent agent that specializes in Medigap Plans -LRB- Medicare Supplement Insurance -RRB- to determine if Plan F is right for you and which Plan F might have the best premium .


Input: What Does Plan F Cover In Medigap?

Output: Plan F covers most of the additional co-insurance that Medicare does not . It also covers your Medicare deductibles as well as providing you with up to $ 50,000 of emergency coverage outside the USA . It 's a good idea to go over the details of Plan F so you understand the shortcomings of it but for the most part it is an excellent addition to your Medicare A & B .


Input: What Does Plan F Cover In Medigap?

Output: Quite simply , Medigap Plan F will cover the 20 % of Medicare approved costs that Original Medicare -LRB- Part A & Part B -RRB- does not pay . This means you will not have to pay any deductibles , co-insurance or co-payments for Medicare approved amounts . Many people enjoy Plan F because they do n't want to deal with any costs and want all their Medicare approved expenses paid . You are responsible for paying the Plan F premium to the insurance company . As long as you keep making the premium payments , your Plan F is guaranteed renewable . Thank you for reading my reply . Please let me know if I can be of further assistance .


Input: What Does Plan F Cover In Medigap?

Output: Medigap plan F is the most popular Medigap plan you can buy because it 's offers the most comprehensive coverage . It covers all 9 Medigap benefits at 100 % from day 1 . The 9 benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment 5 -RRB- Part A hospitalization deductible 6 -RRB- Part B medical deductible 7 -RRB- Part B excess charges 8 -RRB- Skilled nursing facility co-insurance 9 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Plan F also offers a high-deductible version of the plan -LRB- known as Hi-F or High-F -RRB- it is the only plan that offers this feature . Under a High-F plan , the insured must pay for Medicare-covered costs up to the years deductible amount $ 2,140 in 2014 before the plan pays anything . The benefit of the High-F plan is that it offers the insured a much lower monthly premium than a regular plan F. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: How Is Life Insurance An Asset?

Output: Cash surrender value of the policy is the asset value of a life insurance contract . As property , life insurance has value and is liquid . If the policy owner decides to `` cash in '' the policy , the insurance company will pay the cash surrender value to the owner within a week or two .


Input: How Much Does Car Insurance Decrease When You Turn 25?

Output: This really depends on a number of things including whether you are accident and violation free , are married or single , how long you have been licensed in the US , the type of car you are driving , the limits of coverage you carry now and where you are located . There are many variables , and auto insurers use algorithms that produce millions of price points for that carrier in a given state . So , you might see a decrease of 10 % to 20 % as move out of a youthful operator classification system , but there are no hard and fast rules .


Input: What Happens When The Beneficiary Of Life Insurance Dies?

Output: When the primary beneficiary of life insurance dies , the death benefit is split up among the other primary beneficiaries , if there are any others on the policy . If there are no other primary beneficiaries , the money goes to the contingent beneficiaries . If there are no living contingent beneficiaries , the money goes to the estate upon the death of the insured . To avoid the money going to the estate , the owner of the policy can select a new primary beneficiary , or just be sure that there are other beneficiaries that are still alive , to receive the life insurance proceeds someday . It only takes a simple form to designate a new beneficiary .


Input: What Happens When The Beneficiary Of Life Insurance Dies?

Output: If in the unfortunate situation the primary beneficiary of your life policy dies , then if you should die without naming a new primary beneficiary , the proceeds from your policy would be paid to your named contingent beneficiary . It is always a good idea to review your Life Policy periodically with your Insurance Professional to make sure that it still meets your needs and to manage any life changes , such as this , may have happened so that you can amend your policy accordingly to keep it up to date .


Input: What Happens When The Beneficiary Of Life Insurance Dies?

Output: If the primary beneficiary dies before the insured , the benefits would roll to the contingent beneficiary if one was named on the application . If there is no other beneficiary the life proceeds would be paid to the estate which could trigger income taxes for heirs on what should have been a tax free benefit . It is imperative to keep up with such events and keep the beneficiaries up to date on your life insurance policies .


Input: When Can I Buy Medigap Insurance?

Output: You should buy your Medigap plan when you 're new to Medicare - this is THE BEST time to buy a Medicare supplement plan because you have a 6-month window -LRB- your initial open enrollment period - starts from your Medicare Part B effective date -RRB- to apply for any Medigap plan with NO medical underwriting . This means that a carrier can not decline you for coverage for any pre-existing conditions or other medical-related illness.Beyond this window , you 'll be subject to answering health questions to qualify for a new plan -LRB- every carriers ' questions are different -RRB- if you do n't have a guaranteed-issue right available to you . Anyone over the age of 65 and has Medicare Part A & Part B can buy a Medigap plan . If you 're under 65 , you can still purchase a Medigap plan if you 're on Medicare for disability or ESRD , but the cost will be very high . Medigap plans are designed to be purchased by individuals age 65 and up . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage , quotes , and comparisons of plans and if you have any other questions . Thanks very much .


Input: Is A Critical Illness Insurance Payout Taxable?

Output: No , premiums paid for critical illness insurance are paid with after tax dollars and the benefits are paid income tax free .


Input: Is A Critical Illness Insurance Payout Taxable?

Output: Brandon is right . If the premiums are paid for with after tax dollars then the benefit is income tax free . It 's a wonderful thing !! Like life insurance benefits are tax free ... yet Critical Illness is something you can benefit from & still be alive . The creation of Critical Illness Insurance is a fantastic story . Reach out if you 'd like to hear it ... - gravy


Input: When Getting Car Insurance What Information Is Needed?

Output: Great Question . You will need to provide your personal and vehicleinformation such as : Your full name Driver 's license number & expiration date . Possibly your social security number depending on what state you live in . date of birth address of where the car is located and mailing address if different vehicle information such as Year , Make , Model , & V.I.N which is a 17 digit number Is the vehicle garaged or not ? How is the vehicle used ? How many miles are currently on the vehicle and how many miles to you drive on an annual basis ? Names of any possible drivers or people living with you along with their personal information if they wish to drive the vehicle . Need to know who your current insurance is with or if you have had coverage in the past You will need to determine how much coverage you need in place and what deductibles you would be comfortable having in place . There are probably a few more questions that you would need to answer prior to binding coverage , but that is a quick list of information you should have handy when you are ready to pursue auto insurance quotations . I hope this helps and have a wondeful day . Best , Josh DeBoer Producer Fred Daniel & Sons , Inc


Input: Will Commercial General Liability Insurance Premium Go Up If We File One Claim?

Output: The long and short is answer is yes and no . If it were only that easy . There are several factors that play into premium increases due to claims . The first is the insurance company policies and underwriting . Also , what type of business are you in . Followed by the two biggest factors in premium changes due to claims , which are frequency and severity . The frequency is the number of claims that you have and how often they occur . Also are your claims predictable or are they unforeseen . Severity refers to the size or dollar amount of the claim . All of these factors and more will go into the decision to change your premium . If it is a claim that can happen again and there are no risk management procedures in place at your business , that is not in your favor . If you have a rather large claim that exceeds your premium that is also not in your favor . If you shop insurance companies every year and have no loyalty to the carrier , that is not in you r favor . If you are late paying your premium or have minimum coverage limits that can also be viewed negatively . Conversely , if you do the opposite of the above mentioned , then a single claim maybe considered a rare occurrence and not worthy of effecting your premium the following year . The best thing to do is get with your agent and discuss all the facets of the claim and what best course of action to take .


Input: Will Commercial General Liability Insurance Premium Go Up If We File One Claim?

Output: The copyright or trademark infringement are usually excluded from General Liability coverage . The claim , however , me be filed under personal / advertising injury . I suggest you contact a legal adviser to properly file a claim . The worst case scenario , the claim will be denied . Based on the information provided in your question , whether the carrier covers the claim or denies coverage , it is unlikely your policy premium will increase with the renewal . However , depending on your carrier 's loss experience with insureds with similar to your business operations and/or number of claims filed under similar conditions , the insurance company has several remedies : - to increase rates for your class of business . That means the carrier wo n't debit your individual policy , instead they will increase rates for every business that provides same products or services . - to send you a non-renewal notice . The carrier simply stops entertaining coverage for you , based on the loss experience . - to exclude related exposures from future coverage . That means any future claim involving similar exposures likely wo n't be covered . I suppose no insurance agent is able to give you a certain answer . Because the carrier 's decision on claim and future plays with many facets , including policy wording interpretation , and also based on the actuarial data of the given insurance company . A simple web search can reveal countless stories of claims denied and then accepted , bad face lawsuits , etc. .


Input: Will Commercial General Liability Insurance Premium Go Up If We File One Claim?

Output: You have been operating your business for 6 years without incident which is great . This is the first claim -LRB- and hopefully last claim , -RRB- so I understand your concern about your premiums increasing next year . I 'm not exactly sure what your business does , but knowing what you do would help me to further figure out whether or not your premiums would increase because of this claim . When re-marketing your account with other insurance companies we would need to explain what happened and discuss the likelihood of this happening again . Insurerslook at the historical data associated with past claims , current trends , andalso consider estimations of future losses to help determinethe rates that they use.This is a great question and thereare several things you need to consider.When you get a moment , turn to the conditions section of your CGL policy . The conditions state what your duties are in the event of occurrence , claim , or suit . 1 . Notify company of occurrence a . You must see to it that we are notified as soon as practicable of an `` occurrence '' or an offense which may result in a claim . To the extent possible , notice should include : -LRB- 1 -RRB- How , when and where the `` occurrence '' or offense took place ; -LRB- 2 -RRB- the names and addresses of any injured persons and witnesses : and -LRB- 3 -RRB- The nature and location of any injury or damage arising out of the `` occurrence '' or offense . b . If a claim is made or `` suit '' is brought against any insured , you must : -LRB- 1 -RRB- Immediately record the specifics of the claim or `` suit '' and the date received : and -LRB- 2 -RRB- Notify us as soon as practicable If you read the `` Obligations at Insureds Own Cost `` condition it says : `` No insured will , except at the insured 's own cost , voluntarily make a payment , assume any obligation , or incur any expense , other than for first aid , without our consent . '' There are many questions that would need to be answered , but if I were you I would put my insurance carrier on notice that there has been an incident and let them take the reigns . Please contact me if you have any additional questions or concerns about this claim . I would be happy to help guide you in the right direction . Have a great weekend . Best , Josh DeBoer


Input: How Can I Add Someone To My Health Insurance?

Output: Good Question , this depends on the type of coverage that you have . For example if you are on an employer plan or individual health plan , you may be able call the insurance company and add him/her . You may have to wait until annual enrollment for group plans . It also depends on the relationship to the person you are trying to add .


Input: What Age Does Life Insurance Expire?

Output: If you have Term life insurance , the policy will expire when the term ends . So if you have 20 year term , the policy will expire at the end of year 20 . Either that , or it will jump up to a price that is unaffordable for most people . If Whole Life for which premiums have been paid on time and , if there there loans , the loans have been repaid with interest , the policy will not expire . It may endow , which means the cash value equals the face amount , allowing you to take the proceeds while alive . But it will not expire . Universal Life that has a no lapse guarantee is similar to Whole Life . Most Universal Life policies have a shorter guaranteed period after which they might expire . Usually , they last much longer per current interest rates . You would have to order a current illustration to find out how much time is left on your UL at both current and guaranteed interest rates .


Input: How Reliable Is Long Term Care Insurance?

Output: Long Term Care Insurance is only as reliable as the company behind the contract . Given that there are very few long term care companies remaining in the market , those that are left are reliable . That being said here are some the players in long term care Genworth , John Hancock , LifeSecure , Mutual of Omaha , MedAmerica , Transamerica , Niche carriers are : Equitable -LRB- STC -RRB- , Aetna -LRB- STC -RRB- and Lincoln -LRB- Linked Benefit -RRB- .


Input: Does Blue Cross Blue Shield Offer Disability Insurance?

Output: Blue Cross Blue Shield plans vary from state to state , so Disability Insurance may not be offered in every state . But Blue Cross Blue Shield does offer group disability insurance in their employee plans in some states . Their group plans can include both long and short term disability insurance .


Input: What Is Medicare Part K?

Output: Medicare Part K is a Medicare supplement plan . Medigap Plan K pays part or all of the coinsurance costs for Part A , Part B , skilled nursing , hospice care , and 3 pints of blood . After reaching the out of pocket limit and Medicare Part B deductible , Medicare Part K pays 100 % of covered services for the remainder of the calendar year .


Input: What Is Custodial Care For Medicare?

Output: Medicare Part B will cover treatment and inpatient stays in a SNF -LRB- skilled nursing facility -RRB- but only under specific circumstances . You must have had a qualified stay in a hospital lasting 3 days or longer and must have been discharged to the SNF . Medicare covers medically necessary treatment but does not cover custodial or respite care .


Input: How Can I Get Health Insurance In Indiana?

Output: Low cost health insurance in Indiana is available and can be purchased from an experienced broker -LRB- with the help of their website -RRB- . Anthem and UnitedHealthcare are two of the biggest carriers in the state . They offer a wide variety of single , family and business healthcare plans . As a broker for more than 32 years , our job is to determine which plan best matches the needs you have and the budget you have to work with . The Indian Health Insurance Exchange has an Open Enrollment that offers four types of plans with financial subsidies . Do you qualify for subsidies ? Which plan is the most economical ? Will your pre-existing conditions be covered ? These are some of the topics that our websites offer along with free online quoting and comparison of plans . Indiana has many affordable options .


Input: How To Find The Best Medigap Insurance?

Output: Medigap plans are standardized - so a plan F from company ABC is the exact same plan F from company XYZ . The only difference between them is price - it 's how carriers differentiate themselves . You 'll need to determine which plan you would ideally like to secure . There are a total of 9 benefits under a Medigap plan - plan F is the most comprehensive -LRB- covers all 9 benefits at 100 % -RRB- , plan G is the second-most -LRB- covers everything at 100 % except for the Medicare Part B deductible of $ 147 -RRB- . Plans F & G are the two most popular plans . Then compare plans from multiple companies that offer Medigap plans to find out who will offer it to you at the lowest price -LRB- assuming you either are eligible for guaranteed-issue coverage or qualify if medically underwritten -RRB- . It 's best to do this through an independent Medigap insurance broker . If you go to a captive agent , you 'll only see numbers from one company - the one they work for . If you go to an independent agent , you can see numbers from multiple companies to make sure you 're getting the lowest rate . I hope the information is helpful - please feel free to contact me for help , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: How Much Is Life Insurance Yearly?

Output: The annual cost for life insurance is insignificant compared to the benefit . The real cost is when you die without appropriate coverage . Of course , then someone else pays . Find an agent that you trust and discuss the matter thoroughly . Listen to his recommendations . If you apply makes sure the agent is diligent in recording your answers . Make sure that the policy issued is exactly what you wanted .


Input: How Much Is Life Insurance Yearly?

Output: Life insurance premiums have too many variables to price out a premium . However , you will find that most life insurance companies do discount their rates 3 % -5 % when paid annually over a monthly bank draft . This can add up over a life of a policy . The premiums are dictated by numerous factors such as age , build , life style , occupation , geography and health to name a few . I would recommend the assistance of an experienced life insurance broker to navigate this venture .


Input: How Much Is Life Insurance Yearly?

Output: Unfortunately there 's too many factors that go into premium pricing to say what you should or should not be paying for your coverage each year . A lot of it depends on what type -LRB- s -RRB- of coverage you 're looking to purchase , the amount of coverage , and your health history . The risk class is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . 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 policies generally cost 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 independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs .


Input: How Much Is Life Insurance Yearly?

Output: Easy to find out . Many life insurance agencies have an online presence and offer instant quotes based on your age , health , coverage desired , and how long you want the coverage . The one thing you may not be able to answer right off the top of your head , though , is how much coverage to get and for how long . No worries , once again technology can help . A lot of these same websites offer a convenient calculator to help you estimate your needs . Do n't worry , you 'll find that for the average person , term life insurance is amazingly inexpensive .


Input: Does Life Insurance Cover Death By Skydiving?

Output: Yes , life insurance covers skydiving accidents , unless it has a rider excluding death due to skydiving . Policies do not automatically come with that type of rider . Those are only added if you are a skydiver at the time you apply , and do not want to pay the extra cost that would be required to cover death due to skydiving .


Input: Does Life Insurance Cover Death By Skydiving?

Output: If you are referring to already having a life insurance policy in force and it has been 2 years , then I can say absolutely . If it is within 2 years the company may dispute the benefit as you engaged in a hazardous hobby . If you are just applying , you will have to fill out a questionnaire and will most likely have to pay a flat extra for each $ 1000 of coverage you are looking for . Contact your agent to get a quote or to find a company that will at least consider covering you if you do not currently have coverage in force .


Input: Does Life Insurance Cover Death By Skydiving?

Output: Yes , life insurance covers skydiving accidents , unless it has a rider excluding death due to skydiving . Policies do not come with that type of rider . Those are only added if you are a skydiver looking for coverage , and do not want to pay the extra cost that would be required to cover death due to skydiving .


Input: Does Life Insurance Cover Death By Skydiving?

Output: Interesting question . Certain hazardous avocations such as sky diving , mountain climbing , bungee jumping , etc are generally asked about on the application . The questions usually take the form of , `` Do you participate in or plan to participate in the following activities '' ... If at the time of your applying for your insurance the answer is ` no ' , then sometime after the policy is issued you decide on a whim to go skydiving and something goes wrong and you die , it 's doubtful that the claim would be denied .


Input: How Much Is Car Insurance For A Ferrari?

Output: Car insurance rates for a Ferrari are a lot . Let me correct that last statement . They are more than a lot . However , by raising your deductibles and keeping a clean driving record , you should be able to manage the premium . It 's possible the range of rates can be between $ 90 and $ 200 per month , depending upon where you live and who is driving the vehicle . Be safe and try to keep your speed below 180 mph !


Input: What Should I Get For Renters Insurance?

Output: You should get a good insurance agent , one that will listen to you , give sound financial advice and communicate accurately between you and the company . You should get the highest liability limits that you can afford . A lawsuit could bankrupt you . You should get a personal property limit that will make you pleased if you ever have to file a claim .


Input: Can Auto Insurance Cancel Your Policy?

Output: An auto policy can always be cancelled if you fail to make premium payments . Normally , companies wait until renewal to make a decision regarding future coverage . If the company determines that the conditions of the car and household have changed dramatically they can cancel the policy . Normally this is effective on the expiration date of the policy . Short of cancelling the policy they can offer renewal at an adjusted premium .


Input: How To Report A Car With No Insurance?

Output: That 's an interesting question - do you mean a driver with no insurance ? It is perfectly legal to own a car without having any insurance on it . It is really really not smart , but if there is no intention to ever drive it , it does n't have to be insured . What is required is that anyone driving the car be insured . That is what you want to know . If indeed the driver/s of the car are uninsured , a dime dropped to your local police department would be your option . Thanks for asking !


Input: What Could Get You Dropped From Your Car Insurance?

Output: The most common thing that could get you non renewed from your auto policy is a poor driving record with a DUI at the top of the list . If the insurance carrier sees a risk that has meet a tolerance they can no longer accept the insurance company will non renew a policy .


Input: How Do I Find Out Who My Last Car Insurance Was With?

Output: If you have forgotten which company previously insured you , your trusted insurance agent can probably help . Many companies subscribe to a service that tracks the previous insurance company . If that doesnt help a check of your credit card or bank statement will probably reveal where you paid the premium . If that doesnt find them , check in your glove box . Companies provide identification cards for their customers ; perhaps that is where you placed it .


Input: Can I Pay My Homeowners Insurance Monthly?

Output: That is an excellent question ! Most forms of insurance will allow for several payment modes . Most common are monthly , quarterly , semi-annual , and annual . If you are currently not making a monthly payment , ask your agent to switch your billing mode , they should not have a problem doing so for you . Thanks for asking !


Input: Can I Pay My Homeowners Insurance Monthly?

Output: Most companies offer an array of payment options and yes , monthly is usually one of those options . In many cases you can choose to receive a bill by mail , set up a paperless billing system that will usually include an automatic electronic funds transfer -LRB- EFT -RRB- directly from your checking account , or choose to have automatic installments charged to your bank card .


Input: Can I Pay My Homeowners Insurance Monthly?

Output: When you apply for insurance the payment method and frequency is established at inception . Many carriers offer a monthly payment and usually accept credit card , debit card , or automatic deduction from a checking or savings account . Masny carriers may allow you to change payment methods and frequency for your policy -LRB- or policies -RRB- mid-term . Make sure the current method of payment is terminated and your new payment method is activated -LRB- especially if you change insurance carriers -RRB- . Get copies of all transaction documents -LRB- authorizations , cancellation requests , cancellation acknowledgements , applications , bindersetc . -RRB- and keep them on file .


Input: Can I Pay My Homeowners Insurance Monthly?

Output: Most insurance companies provide a facility to pay monthly , usually by electronic transfer of funds from a checking account or credit card . There can be misunderstandings when the premium is paid monthly because the assumption is that the premium will be paid on the first day of the policy . What can happen is a customer can miss a payment and that sends the policy into lapse , which is a terrible thing because the mortgage company can then place insurance on the house that protects their interests and might be something you wouldnt have wanted . To top that off , you might still owe additional premium because the policy probably will remain in force for a few days while the company notifies you of the cancellation .


Input: What Is Home Insurance Declaration Page?

Output: The declarations page of any insurance policy regardless of whether it is home , auto , life or health , is the page that contains your basic policy information . It will usually be titled declarations page and will show your policy number , coverage 's , and company contact information . It is basically a summary of your policy .


Input: What Is Home Insurance Declaration Page?

Output: A Homeowners Declaration Page is a document that clearly identifies the particular location and coverage provided by the Insuring Company on your home . There are a number of common elements to these documents . Your name and address and the location address will be listed . You will also find the policy number and both inception and expiration date of your poilicy period . Homeowners policies are usually and most commonly issued for a one year period that will renew on the anniversary date continuously unless you decide to change carriers or if your home no longer qualifies under the Insurance Company guidelines . Your mortgage company will be listed on the declaration sheet as they are an interested party . Coverage as it applies to your dwelling , personal property , additional structures and property deductible will be listed as will the amount of primary Liability coverage you choose . Optional policy coverage and limits may also be listed . Talk to your Insurance Professional about all of the terms and conditions of your policy to make sure you have the coverage you need , are taking advantage of all available discounts and options available to you .


Input: Does Geico Cover Home Insurance?

Output: Unless things have changed Geico only covers auto insurance . If you own your home it would be wise to shop around , Many companies offer Auto and Home discounts . I also recommend going with a company that allows you to have a local agent . While the adds talk about saving money because you save commissions to an agent my experience has shown this to be a stretch of the facts . A local agent can be a big help if you need an advocate in an insurance claim . He can also give you sound advice on whether or not a claim should even be turned in . Most people do not realize that if you call a company and ask about a claim it will be in your records regardless of whether you actually turn in the claim or not . Having a local agent can help you with out it affecting you insurance record .


Input: How To Get A Life Insurance Quote?

Output: There are many contributors to this website that offer free life insurance quotes on our own business websites . Some , like ours , will even give quotes for certain health conditions . Keep in mind that accurate quotes are dependent on variables that can not possibly covered with an online quote engine , unless that quote engine is for a specific simplified issue -LRB- no exam -RRB- product . Quotes can be firmed up by additional questions asked over the phone or by email . To get the lowest priced quotes for your unique profile , contact an agency that is reputable and knows how to match you up with the companies best suited to your health , age , build and tobacco status .


Input: How To Get A Life Insurance Quote?

Output: You 'll want an independent agent 's help in this process . Getting an instant quote online just gives a general idea of pricing . You need to review the medical history with an agent for them to provide you with a much much more accurate quote . The first thing that needs to be determined is the risk class you 'll qualify for . Every carrier has different underwriting guidelines . So , for example , just because you qualify for preferred with company ABC does n't mean you 'll get that same risk class with company XYZ . You can run free instant quotes on my website , www.TermInsuranceBrokers.com . If you 'd like the help of an independent agent , send me a private message on here with your contact information and I 'll be happy to assist you with your life insurance needs .


Input: How To Get A Life Insurance Quote?

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


Input: What Happens If I Cancel A Life Insurance Policy?

Output: If you cancel a life insurance policy , first and foremost , the policy will not pay a death benefit to your beneficiary if/when you pass away . If the policy is Term insurance , there is no cash value to collect and no surrender charge to pay , no matter when you took out your policy . However , if you took it out within the year , your agent may lose all their commission from that sale and could be penalized by the insurance company . With Whole or Universal Life , there will be a surrender charge that reduces the cash value you would collect upon cancelling your policy . However , you may be able to roll your full cash value over into a new policy . Or you may have the option to change your policy to a reduced paid-up policy , in which you get to keep some death protection even though you are no longer paying a premium . Discuss your options with your agent ; you may be surprised at the options you have .


Input: What Happens If I Cancel A Life Insurance Policy?

Output: What happens if I cancel an life insurance policy ? Well first any unused premium past the effective date of your cancelation is returned to you . If you are cancelling a cash value policy , the cash values minus any surrender charges -LRB- if any at all -RRB- will also be returned to you .


Input: How Can I Find Out Who My Car Insurance Is With?

Output: If you do n't know who your auto insurance carrier is you may not have auto insurance . If you know who your agent is you need to give them a call . I hope you have an ID card you can reference or any paperwork or policy laying around that may have been mailed to you .


Input: How Do Life Insurance Agents Make Money?

Output: Life insurance agents make money through commissions on the products they sell . If Term insurance , these commissions are usually paid for the first year , then sometimes there is a very small residual commission earned annually after that . If the policy is dropped in the first 6-12 months , commissions are often withdrawn back from the agent . Permanent policies usually have a small recurring commission annually , which is how many life insurance agents are able to supplement Social Security income during retirement .


Input: Does An Employer Have To Offer Health Insurance?

Output: Beginning in 2014 , employers with 50 or more full time employees are required to provide `` affordable '' -LRB- as defined by the government -RRB- health insurance to their full time employees . All plans must meet Obamacare guidelines with regard to minimum essential benefits , deductibles and out of pocket limits . If they fail to comply with the law they will be fined .


Input: Does An Employer Have To Offer Health Insurance?

Output: Currently employers are not required to offer health insurance to its employees . Come 1/1/2014 these rules will be changing . Companies with 51 or more full time employees will be required to offer a group policy that meets minimum requirements set by the government . Groups with 50 or less FTE however will not be required to provide benefits . Many small companies will be dropping expensive group plans and seeking other arrangements .


Input: Can You Get Car Insurance Without A Job?

Output: Having a job is not a requirement to obtain auto insurance . As long as you have a need for auto insurance and the ability to make the payments you may purchase auto insurance . I would recommend talking to a local agent who can shop multiple companies to find you the best rates and coverage 's to fit your needs .


Input: Can You Get Car Insurance Without A Job?

Output: Each state sets its own rules for who can purchase auto insurance . In California , occupation is not even a consideration . Sex is not a consideration either , nor is age . Experience , driving record , mileage , location and the year , make and model , are the primary factors for computing the premium . If you need insurance in California , you can probably get it .


Input: Does Subway Offer Health Insurance?

Output: This is a good Question . With any Company , whether they provide employee health coverage or not will depend on many factors . Whether you are Part time or Full time , if there is a waiting period , etc etc. . It is important to know that even if your employer does not offer health benefits , you can apply for your OWN individual plan that you pay for and manage on your own . This may also be a good option because if you happen to leave that job , you wo n't have to worry about loosing your health coverage .


Input: Is Life Insurance Cash Value A Liquid Asset?

Output: Since the owner of the policy has access to the accumulated cash value either through surrender or a loan , it is considered a liquid asset in most cases . This is especially true when you are applying for Medicaid . In Ohio , for example , cash value in a Life Insurance policy owned by the Medicaid applicant can not exceed $ 1500 . These rules vary by State so you need to check the rules in your State .


Input: What To Do If Your Employer Doesn't Offer Health Insurance?

Output: Under the new Affordable Care Act , beginning in October there will be an Open Enrollment Period lasting until March of 2014 . During that time you can elect either to go with a private plan or go to the Federal or State Marketplace . If you qualify for a subsidy you will want to consider the Marketplace -LRB- otherwise known as the Exchanges -RRB- . You will be able to apply online or through an agent or navigator certified to sell on the exchange . The details are not yet known . If you are healthy you may want to contact a local health insurance agent and purchase a policy now . It will help save you on rates and you will not have the increased rates until renewal .


Input: Will Health Insurance Pay For A Gym Membership?

Output: No . However , with their increasing commitment to wellness programs for their membership an increasing number of health insurance carriers , especially the big national ones like AETNA , Humana , CIGNA and many of the Blue Cross/Blue Shield plans , have valued added benefits for their members that increasingly include discounts to health clubs/gyms . They are also often offering other incentive based plans to encourage better diets and activities such as walking & jogging for which their members can earn points good for a variety of rewards . You should check with your insurance carrier , your Human Resources person at work or your insurance broker for details on what programs your insurance carrier may be providing .


Input: Does Renters Insurance Cover Electrical Surges?

Output: The damages caused by a change in electrical current that is supplied from outside is specifically excluded from most renters policies . If the change in voltage is caused by a covered peril , like fire in the rental unit then coverage might be available . The key is what causes the power change and is the cause inside or outside the home and whether the cause of the change is a covered peril .


Input: How to become Medicare expert ?

Output: Hi Mike . To become a Medicare expert , you 've got ta read , read , and read some more . There are a lot of parts to it , but they can be learned . What type of Medicare coverage are you looking to sell ? Medigap ? Medicare Advantage ? Part D. MA & Part D programs require AHIP certification and then each carrier requires their own training course . I can help get you contracted for Medicare and LTC carriers via the brokerages I use . I hope the information is helpful - if I can be of help , send me an email or call me via the contact me button on my profile page and we can go over the input . Thanks very much .


Input: Which Health Insurance Is Better Hmo Or Ppo?

Output: It ultimately comes down to what 's right for you . HMOs -LRB- Health Maintenance Organizations -RRB- and PPOs -LRB- Preferred Provider Organizations -RRB- each have their benefits and everyone has their own preferences and coverage benefit desires and premium tolerance . Cost is a big factor for just about everyone so it 's important to look at what each type offers and what 's available in your area . With an HMO plan , you designate a doctor to be your primary care physician -LRB- PCP -RRB- . All of your health care services are coordinated through your PCP . That means that you need a referral before you can see a specialist or other health care provider -LRB- except in an emergency -RRB- . The doctors you visit must be in network - out-of-network doctors typically are n't covered . PPO plans offer more flexibility . You 're not required to designate a PCP and you can go see a specialist without a referral - inside or outside of your network.Staying inside your network means smaller copays and full coverage . If you see a physician outside of your network , you may have a higher out-of-pocket share , and not all services may be covered . Please let me know if I can be of further assistance . Thanks very much .


Input: Who Is A Retirement Plan Sponsor?

Output: An employer sponsored qualified retirement plan under ERISA , the Employee Retirement Income security Act of 1974 , is generally the largest sponsor of retirement plans . These types of retirement plans can be a defined benefit plan , but in today 's market , it is more likely a defined contribution plan using pretax dollars .


Input: How Much Does Private Disability Insurance Cost?

Output: how much does individual disability insurance cost ? It 's going to depend on many factors . Your age , your occupation , your health and build are factors . Inside the policy you may have to pay more for a better definition of disability , a cola rider , future insurability riders , and other features that depending on your choices and needs will either raise or lower the premium . The waiting period before the plan kicks in can save you money if you self insure that portion for as long as possible . The duration and not to mention the amount of benefit will also effect pricing . When considering a DI policy plug in and out the several features , for example a cola might have three options of 4,5 and 6 % to choose from . Each will change the premium . My suggestion is to plug in and pull out features till you get the combination of cost to benefit that you want .


Input: Should I Buy Life Insurance When I Am Young?

Output: Life insurance is always cheapest now . The exception would be a smoker who quits , then applies a year later . Of course going without insurance for that year carries the risk of dying during that time without providing for yourfinal expenses , or thefinancial needs of loved ones . Do it now .


Input: Should I Buy Life Insurance When I Am Young?

Output: The answer is yes . I have never met anyone who regretted starting an insurance policy . In fact most wished that they had started even earlier . There are two reasons for this . The premium is at its lowest and it allows you to establish the habit of putting that money aside each month . That last aspect could become the most important as many people actually save more money in their life insurance policies than they do elsewhere .


Input: Should I Buy Life Insurance When I Am Young?

Output: Buying life insurance when you are young will give you the best price , and will enable you to get a policy before you have any health conditions that might arise later in life . Looking in a long term policy or permanent policy premium while you are young is a great idea .


Input: Should I Buy Life Insurance When I Am Young?

Output: Providing that you can justify the amount of coverage and youre relatively health , the answer is yes . Life insurance cost coverage changes with each birthday , so purchasing what you can at a young age is saving you premium dollars in the future . It is so cheap that a male nonsmoking super preferred seeking $ 100,000 of coverage with ten year term life insurance will pay around $ 100 a year .


Input: What Are The Cons Of Universal Life Insurance?

Output: If you buy universal life insurance that offers a lifetime guaranteed level premium and level death benefit , there are few cons to universal life insurance . With those guarantees , it is a permanent policy , so it will usually have a higher premium than term . But it often has a lower premium than whole life . Also , guaranteed no lapse universal life policies do not usually have a lot of cash value , but for many people , that is a worthy trade off for the lower premium . If you get a universal life policy without guarantees , you need to be careful that your policy does not lapse before you want it to . If you purchase indexed universal life or variable universal life , you also need to manage the investments made within your policy . The con would be that many people assume their agent is managing their policy for them , and are dismayed when coverage ends or they have very little cash value to show for their years of premiums . If you understand your policy well and know how to manage it , being able to manage your own policy can be a pro rather than a con .


Input: What Are The Cons Of Universal Life Insurance?

Output: This is a great question ! I like it especially because it shows that you are carefully considering before buying . That is wisdom . This type of policy is often hyped with big numbers about what it will generate for you . The reality is far too often something different . I do not recommend these policies for my clients , and here 's why . There is very little risk on the part of the insurance company . You will bear the majority of it . Are you a skilled investor ? You are expected to be , by the insurer . Are you able to spend time watching the performance of your policy investments ? Because if you are expecting a policy that you can buy and throw in a drawer and forget about , this is n't one of them . Your premium payments need to be enough to cover the cost of the insurance , which rises steadily as the policy ages . If your investments do n't do well , you are expected to increase your payments to compensate for the losses your policy is taking . If you are n't doing that , your policy draws from the cash value it may or may not have generated . It cannibalizes itself until there is no money to cover costs , and it lapses . There are very few guarantees in this type of policy . Most will only guarantee you will have coverage for twenty years . This makes them little more than very expensive term policies . Can they generate large cash values ? Yes . Can they lose money , and go belly up , costing you years of payments ? Yes . Are you someone that is okay with trying to make this work ? If so , then this may be a policy for you . In my opinion , they are a great way for agents and insurers to make a lot of money at your expense , and that is not my way of doing business . I do not sell them , nor do I recommend them , as I do not believe in their viability as a life insurance vehicle for most people . I hope that helps , and I 'd be happy to discuss it further with you , if you 'd like to contact me . Thanks for asking !


Input: What Are The Cons Of Universal Life Insurance?

Output: As Ms. Mace pointed out the problem with universal life is a lack of guarantees . If the universal life can guarantee a death benefit at a level premium the performance of the separate cash value -LRB- which isnt guaranteed in a universal life policy -RRB- isnt important . What is important is that your price will remain level while the death benefit will also remain level .


Input: What Is The Best Medicare Plan In Texas?

Output: Texas is just like any other state . The best Medicare supplemental insurance plan is the one that matches your needs and is affordable . Medigap insurance rates vary considerably by zip code , age , tobacco use and plan . Medicare Plan F is the most expensive plans in Texas , and the most popular . It is also the plan that pays the agent the highest commission . Sometimes you can find instant Medicare rates online but you really should talk to a broker if you want to find the best rates .


Input: Does Auto Insurance Cover Broken Windshields?

Output: Great Question . Auto insurance covers broken windshield if you carry comprehensivce insurance . Please check with your insurance compay or broker for more detail . If you have comp insurance and your windshield was broken from and accident or a fallen rock that could be covered under your auto insurance policy . Good Luck


Input: Does Auto Insurance Cover Broken Windshields?

Output: It depends if you have `` other than collision damage '' on your car or some sort of glass replacement / repair option . Collision coverage generally wo n't cover damage to windows and glass unless the accident is actually caused by a collision . It 's always a smart to cover both deductibles to protect to yourself .


Input: What Happens If I Miss A Life Insurance Payment?

Output: If you miss a life insurance payment , the first thing to do is call the insurance company . You can find out what happened to correct that , and they will tell you a way to get payment to them most quickly . You may want to switch to automatic withdrawal from a checking account to prevent that from happening in the future . If it is a month or more late , see other answers on this page .


Input: What Happens If I Miss A Life Insurance Payment?

Output: Your Life Insurance policy will have the specifics of the `` Grace Period '' that provides and cushion for you when you miss a payment . Life Insurance companies usually want youto keep you policy . Their Grace Period is usually 30 to 60 days depending on the policy and the company . The type of policy will make a difference as well . A Term Life Insurance policy does not have any `` Cash Value '' or a side account that can grow at an interest rate like a savings account and cover the missed premium . This `` Cash Value '' is a feature of a Universal Life policy . The Term Life policy would be in danger of lapsing much quicker and you are probably going to cancelled quicker . A Universal Life policy with cash value is going to use the saving portion to pay the premium . The Universal Life will lapse once the cash value is depleted and the grace period expires . You can call your agent or Life Insurance company and work out options on the Universal Life policy such as lower the `` Face Amount '' or amount of death benefit to help you make the policy last longer . `` Whole Life Insurance '' will have a grace period as well . Coverage options beyond the grace period become more complicated . This Whole Life policy also has a `` Cash Value '' or savings portion as well . You will be subject to the policy 's `` Non Forfeiture Options '' within the policy . These options are different for each policy . You will have to check your policy . Usually , there are 3 options : Return of the cash value to you minus any loans you took out , you can change to a lower amount of insurance that is `` Paid Up '' or you do not have to pay premiums for the amount of death benefit , or you can change to a `` Term Life Insurance '' policy for a specific period of time then the insurance stops .


Input: Why Do I Need Life Insurance In Retirement?

Output: In many cases the reasons you may need life insurance in retirement are the same as the reasons one needs life insurance at any earlier age ! Just because you have retired from your career does n't necessarily mean you 've stopped having responsibilities or stopped buying property or all your children or loved ones are fully taken care of . In addition to the above if you purchased whole life insurance well before retirement and have paid all the premium necessary , you may be able to take policy loans and partial surrenders to supplement your retirement income ! Of course if all you have is Term insurance this benefit does not apply .


Input: Why Do I Need Life Insurance In Retirement?

Output: Some reasons that people purchase or keep their life insurance through retirement are : 1 -RRB- for supplemental retirement income ; 2 -RRB- for final expenses such as funeral , grave , and final bills ; 3 -RRB- to pass an inheritance to their heirs ; 4 -RRB- to pay estate taxes , and 5 -RRB- to care for a surviving spouse , grandchild , or handicapped adult child .


Input: Can You Open A Life Insurance Policy On Someone Else?

Output: You can open a life insurance policy on someone else if you have an insurable interest in that person 's life , and if you have the consent of the person whose life you are taking out the life insurance on . These are safeguards to prevent people from insuring someone for a profit , or from putting the lives of others in jeopardy .


Input: Does Renters Insurance Cover Accidental Damage To Laptops?

Output: That is really going to depend on the `` accident '' and the verbiage within your renters policy . In most cases though your deductible on the policy will be more than the valuation of the repair to the laptop or the laptop itself . Read your policy completely to understand the coverage provided and any exclusions that may be contained within or contact your local agent to have them go over the policy with you .


Input: How Do You Say No To A Life Insurance Salesman?

Output: Do not beafraidto tell any insurance salesman , No ! Honestly almost all agents will appreciate you telling them no , rather than avoiding them . If they give you a hard time just let them know you were testing them to see their true character , and you are glad you told them no . -LRB- wink wink -RRB-


Input: How Do You Say No To A Life Insurance Salesman?

Output: Saying `` No '' is not a bad thing . Any quality salesperson would rather hear No then hear a fake yes only to have the client get buyers remorse after the sale . If you are going to say `` No '' ... make sure you have a back up plan in place to satisfy your original needs .


Input: How Do You Say No To A Life Insurance Salesman?

Output: How do you say `` no '' to an insurance agent ? Simply have a solid workable plan in place that you understand and can explain easily . :-RRB- Most experienced agents can take `` no '' for an answer if they know the prospect has actually put things together in a sound manner and understands what they have . It only gets hard to say `` no '' if you doubt what you 've done so far .


Input: Why Does Credit Affect Auto Insurance?

Output: Your credit score is not a part of the computation for an auto premium in California . I know that your insurance score is a complicated process and may include credit . That is used in some but not all states . In California the premium is determined based on the year , make , and model of the automobile and the drivers and their habits that are in the household with the primary insured . There is also a significant component based upon mileage .


Input: How Much Does Health Insurance Take Out Of Your Paycheck?

Output: The amount withdrawn from your paycheck depends on your total premium for the insured and the portion you pay -LRB- many employers subsidized a portion of the premiums . Whatever the cost is you should see your premiums itemized and paid without being subject to normal income taxes . To find out the actual cost I would recommend you speak to the benefits administrator or HR director in your company to get the real numbers . Remember though , if you leave that job the only way to keep your benefits is through COBRA -LRB- often expensive -RRB- . If you 're in the decision phase you should shop individual plans to compare . With an individual plan it goes with you no matter whom you work for . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978 ... I would love to hear from you .


Input: How Much Life Insurance Do I Need According To Dave Ramsey?

Output: Dave Ramsey generally suggests that someone carry 10 times their current annual income in life insurance . This means if you earn $ 50,000 per year , Dave would recommend that you purchase $ 500,000 in life insurance . Whether or not this is an adequate amount of life insurance depends on a few different factors regarding your financial situation . In actuality you may need more or less .


Input: When Can I Use My Life Insurance?

Output: I 'm not certain what the actual question is but , you can use your life insurance when you die . Death is when you use your life insurance . Other than death you would n't be using your life insurance you would more than likely be borrowing from it if your policy has this option . Contact your local agent to discuss your questions or concerns about your policy , they are best equipped to answer them properly .


Input: When Can I Use My Life Insurance?

Output: You can use your life insurance for the cash value when there is enough cash value accumulated to borrow from . Unless you paid in a large lump sum at the start , it usually takes some years to accumulate a substantial amount of cash value . If you are not using the policy for cash value , then the face amount is paid upon death .


Input: When Can I Use My Life Insurance?

Output: If your Life policy has a cash value option , it must have an adequate accumulated value to borrow from.It can take many years to accumulate an adequate cash value to borrow from.If your Life policy does not have a cash value it is payable to designated beneficiary -LRB- s -RRB- upon death .


Input: When To Rollover Traditional IRA To Roth IRA?

Output: This is really a tax question . You should consult with a tax advisor . However , the basic principle is that you want to pay taxes when you are in the lowest possible tax bracket . This could be in anticipation of increasing tax brackets or a year in which you have many deductions or little income . Pay the tax in the low year by converting an IRA to a Roth IRA and then later withdraw from the Roth IRA without any tax due .