Input: Will My Insurance Cover Me Driving Another Car?

Output: Yes , in most cases . Insurance follows the driver . It is always good to check with your agent however , since state laws may vary and the type of policy you have may have limitations . In most cases however you will be covered if you are driving someones car .


Input: How Much Does A One Million Dollar Life Insurance Policy Cost?

Output: Video Transcript : How much is $ 1 million life insurance policy ? Are we using term life insurance or are we using permanent life insurance ? That 's going to dictate how long the coverage is going to need . Am I a male or a female ? Am I a smoker or a nonsmoker ? What 's my medical history like ? What is the para-med exam result that I have to take for the application ? I need to incorporate all those issues into what the price tag 's going to be for $ 1 million coverage , as well as , think about this ; you 're going to have to also add on , do you have a hazardous vocation ? That could be another additional price tag on top of your premium . If you have recreational issues , like I like to scuba dive or mountain climb , those also are incorporated into your price tag . If you 're looking for $ 1 million of coverage and you can answer all of those questions , you can come up with whose got the most competitive price tag throughout the life insurance carrier market .


Input: How Much Does A One Million Dollar Life Insurance Policy Cost?

Output: The cost of $ 1,000,000 of life insurance will vary widely , and depend on such factors as your age , gender , health , and other risk factors . It will also depend on how long you lock in the premium for your policy . E.g. . If you buy $ 1,000,000 of 10 year term insurance , the premium will be much lower than if you purchase $ 1,000,000 of 30 year insurance . However , then you may need to purchase a new policy in 10 years , at your older age and possibly worse health . So it may be more cost effective to lock it in longer when you make your first purchase . To see what a $ 1,000,000 policy might cost for you , visit a website that offers instant quotes . Some , like ours , will even let you put in some health factors . You can change the term , age , etc to see what $ 1,000,000 would cost for all types of people and policies .


Input: When Does A Life Insurance Not Pay Out?

Output: It is rare for a life insurance policy to not pay out . The main things that could cause life insurance to not pay out are : 1 -RRB- The cause of death is suicide during the first two years or the policy . As I sadly found out from one of the policies I sold , this even applies to suicide committed by a child included on a child rider . 2 -RRB- Death was cause by something that was exempted -LRB- e.g. if the policy had an exclusion for death caused while piloting a plane , or from acts of war -RRB- . 3 -RRB- Withholding or misrepresentation about risk on the original application -LRB- e.g. if someone had just been diagnosed with cancer and answered `` no '' to the cancer question on the application -RRB- . If death occurs during the first two years of the policy , the insurance company will investigate to see that the application was filled out correctly , review the phone interview if there was one , etc. . Minor errors or omissions will be corrected by adjusting the premium . If the withheld or incorrect information would have caused the person to be uninsurable , the life insurance will not pay out .


Input: Is Long Term Care Insurance A Medical Expense?

Output: Yes , Long Term Care Insurance can be claimed as a medical expense on tax returns . If you are self employed you can deduct the entire LTC premium up to the limits set . If you are an individual filing a tax return for LTC premiums that you -LRB- and not your employer -RRB- paid , you can include the cost of Long Term Care premiums in with your other medical expenses .


Input: What Is A Registered Retirement Plan?

Output: A Registered Retirement Plan is a plan that as the name suggests is designed for retirement savings . The usual attributes include deductibility of contributions and tax deferred grow while in the plan . Withdrawals from the plan are usually taxable . There are different types of plans available . In Canada for example , Registered Retirement Savings Plans -LRB- RRSP -RRB- are available on an individual or group basis . You can make the contributions for you own plan or to a plan for your spouse -LRB- It is an irrevocable gift -RRB- . Registered Pension Plans are also available with the employer making some or all of the contributions . In addition , the Tax Free Savings Account -LRB- TFSA -RRB- does not offer tax deductibility of contributions , however the funds grow tax free and the withdrawals do not attract taxation . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: How Much Does Car Insurance Go Up After A Claim?

Output: Car insurance does not always go up after a claim . If it is an at-fault accident , unless you have a `` forgiven '' clause , the premium will increase . But non at-fault accidents , including when your vehicle was parked should not impact prices . Comprehensive claims such as glass breakage may not increase your rates either . However , each carrier has different underwriting guidelines , so it is best to check with a broker for specific advice .


Input: How To File A Medicare Claim Electronically?

Output: In most cases , you do not need to file a claim to Medicare , as doctors/hospitals are required to file these claims for you in a timely manner for Medicare-covered services and supplies . If , however , your doctor has not filed a claim , you can contact them and ask them to do so or call Medicare at 1-800-MEDICARE . If it is close to the time limit -LRB- 12 months -RRB- and your doctor has not filed the claim , you can do so using Medicare 's Patient Request for Medicare Payment Form -LRB- CMS-1490S -RRB- . WEBSITELINK


Input: Can Auto Insurance Be Transferred?

Output: Generally , an insurance policy can not be transferred or assigned . Every personal auto policy I can remember reading prohibits assignment of the policy without the written consent of the insurance carrier . That makes sense because the carrier has a right to choose their customers and since it is their money providing the coverage , they have a right to consider any change of risk . As a general rule it makes more sense for a new policy to be written because even if the carrier consents to the change the new insured inherits the record of that policy including all the claims and payment history . If the coverage is being transferred between a spouse to another spouse after a death , the companies are not in the habit of denying the request to change the first named insured . Otherwise , per the ISO Personal Auto Policy , `` Assignment of this policy will not be valid unless we give our written consent . '' The answer is no but there is a pathway to a `` yes '' if the carrier consents in writing .


Input: Can Auto Insurance Be Transferred?

Output: An automobile policy is a legal contract . Most policies stipulate that there can not be a change of interest in the policy unless the company consents to the change . Most companies will undergo a complete underwriting process if other drivers are now driving the vehicle . The normal exception is the death of the insured .


Input: Will Medicare Pay For Ambulance Service?

Output: Medicare will pay for ambulance services that are medically necessary . If you are in need of urgent medical care and need a medical transport company to take you to the hospital , those services are covered by Medicare Part B . The biggest issue Medicare beneficiaries face with ambulance charges are in dealing with providers that do not accept Medicare assignment . The excess charges are not covered by Medicare .


Input: Is My Child Covered By My Auto Insurance?

Output: Auto insurance follows the car not the driver or occupant . If your child is unlicensed and operating the car , the provisions of the policy would remain in effect . If your child is an occupant in the car and is hurt in an accident for which the driver of your car is at fault , there can be limited coverage for his medical care . If the driver of the other car is determined to be at fault your childs medical cost will ultimately be paid by the other driver . If your child is struck by a motor vehicle while a pedestrian there can be limited medical coverage .


Input: How To Locate Life Insurance Policy For Deceased?

Output: I will tell you finding a life insurance policy without knowing the insurance company 's name is a bit like finding a needle in a haystack . After doing the obvious of going through old papers to find some clue , there are a couple of websites to try . The first place to try that is freeis the NAIC , National Association of Insurance , their website : WEBSITELINK can put you in touch with your states Department of Insurance or DOI , to see if they have a life insurance was policy filed under the insureds name in the state . Not all policies are filed unfortunately . If you do n't have any luck there then try onethat does charge a search fee of approximately $ 75.00 by the MIB Solutions website WEBSITELINK . Good luck !


Input: How To Locate Life Insurance Policy For Deceased?

Output: After checking all the deceased records , try former employers . When all other resources are exhausted there is a fee-based service available through MIB Solutions ' Policy Locator Service.You can find an online application and more information about the fee , eligibility to use the service and requirementsat WEBSITELINK Good luck !


Input: How To Locate Life Insurance Policy For Deceased?

Output: To locate a life insurance policy for a deceased person , you first should try to find the policy itself . If it is not stored in the deceased person 's files or if you can not find a record of it anywhere , see if a sibling or parent or child might recall the company through which it was purchased . If you can find the company , then all it takes is a phone call to the company toget the get the claim paid .


Input: How Does The Basic Concept Of Insurance Apply To Health Care?

Output: Insurance is all about the law of large numbers and risk sharing . Health insurance is designed primarily to cover your major health care expenses while you should be prepared to pay out of pocket for routine items . Consider this . If your car insurance policy covered tires , brakes and oil changes , no one but the wealthy could afford such a policy . One reason why health insurance is expensive is because people EXPECT it to cover everything , including `` routine maintenance ''


Input: Is Annuity A Liquid Asset?

Output: To qualify as a liquid asset a product must have a ready market and if the product is sold there should not be any depreciation in price . An annuity fits all of these with the exception that a deferred annuity might have a surrender charge -LRB- much like an early withdrawal penalty -RRB- that would reduce the value of the annuity . Most companies will handle the surrender of an annuity within a few business days .


Input: How Long Does It Take To Get A Life Insurance Claim Check?

Output: Getting a life insurance claim check usually just takes a week or two after the life insurance company receives what they need to process the claim . This usually requires that you fill out a death claim form , plus send a certified death certificate . Either you or the funeral home can order the death certificate , and it often takes a few weeks to arrive .


Input: What Are The Differences Between Homeowners And Renters Insurance?

Output: The forms used differ somewhat , however , the major difference is that a homeowners policy covers the residence and the renters -LRB- tenants -RRB- policy does not . They both cover personal property and liability . The homeowners form is required when you are the owner of the building . You should have one or the other .


Input: Can I Switch Car Insurance Anytime?

Output: You can change your car insurance anytime you want . If you have pre-paid , you will get a partial refund from your current insurance company -LRB- minus the portion they have already earned for the period of time they insured you . -RRB- However , if you have other insurance and your car with the same company , you are probably getting a discount for having multiple insurance policies with that company . In this case , you will want to ensure that you wo n't pay more on one policy by moving your car insurance to another company .


Input: Can I Switch Car Insurance Anytime?

Output: People cancel car insurance often . Notify the agent who wrote the original policy that you want to cancel coverage . An endorsement will be sent to you showing the termination of coverage along with either a bill for premium that has been earned or a refund of excess premium . Often people change carriers without fully evaluating the impact on their entire insurance program , something requiring caution .


Input: Who Offers 30 Year Term Life Insurance?

Output: Here are a few of the 30 year guaranteed term life insurance companies : American General , American National , Ameritas , Aviva , Banner , Lincoln Benefit , Lincoln National , MetLife Investors , Nationwide , Principal , Protective , Pruco , Savings Bank , Security MTlNY , Transmerica , United Omaha . There are other companies who have guaranteed universal life that can be configured to perform like a 30 year term life insurance . Keep in mind that there are age limitations to 30 year guaranteed term life insurance .


Input: Who Offers 30 Year Term Life Insurance?

Output: There are many carriers who offer 30 year Term Life Insurance . Most often you must be under age 50 to qualify for it . Try a website with instant life insurance quotes to see if you can get 30 year Term Life Insurance quotes . If you get a quote , you can get it .


Input: How To Plan For Life After Retirement?

Output: How to plan for life after retirement requires that you determine what retirement success means to you and then determine what you need to do to fund it . Your successful retirement includes : healthy aging , family relationships , meaningful activities , spirituality , a balanced life plan and more . A lifestyle planner can help you if you are interested in more detail . -LRB- Some offer online programs -RRB- There is also more information on retirement planning available on my website www.jpw.ca . Your financial planning questions may include : How much money will I need to retire ? How long will my money last ? When can I retire ? What about my business ? What is my optimum product and asset mix ? Do I want to leave a legacy ? and more . Retirement planning is extremely easy to continuously put off . The earlier you start the better . If you are within 10 years of retirement or slowing down , then it is time to get serious . The first step is to take the first step with your retirement or financial planner . If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for , retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . It will be the same in your community . If you have further questions , or feel I could be of assistance , please do not hesitate to contact me .


Input: Can You Annuitize A Fixed Annuity?

Output: Yes - to annuitize an annuity means you are electing to start receiving monthly payments from your annuity . When the annuity is created , you have options on how you would like it paid out -LRB- immediate annuity vs. deferred annuity and whether you want to receive those for a certain number of years or continue on for life -RRB- . I hope the information is helpful - please feel free to contact me for help setting up an annuity and if you have any other questions . Thanks very much .


Input: Can You Annuitize A Fixed Annuity?

Output: That is a great question ! Every annuity , whether it be a fixed , variable , or indexed annuity will have an annuitizing phase . That simply means that after it has sat for the allotted time accruing earnings , that it reaches the point where it begins to pay out to you . When you purchased your annuity , you would have set the time periodthatthe payments would continue for . Ask your agent to review those details with you , so that you will have an idea of what you can expect to receive for income . I hope it 's a bundle ! Thanks for asking !


Input: What Is No Claim Bonus In Health Insurance?

Output: A No Claims bonus is something that is more common with car insurance than health insurance . Think of it as the `` Good Hands Discount '' that good drivers receive , in the form of lower monthly premium payments , in exchange for not having accidents or other driving problems . While a No Claim Bonus is available in some other countries , and did exist in the U.S. in the past , such a practice is no longer allowed under regulations contained in the Afford Care Act that state insurance companies can not charge different premiums to people based on their health or claims history .


Input: What Are Immediate Annuities?

Output: When you look into an Annuity you have a variety of ways to fund it . You can make monthly payments , you can make a lump sum payment and you can make lump sum to start off and add to it . In an Immediate Annuity you can make a lump sum payment , annuitize it and begin to receive monthly payments . People who want to have a steady monthly payment tend to utilize this type of annuity so they can get regular payments from the insurer .


Input: What Are Immediate Annuities?

Output: Immediate annuities are annuities for which you pay a lump sum up front , in order to get regular payments made back to you over a long period of time . These payments to you begin almost immediately , thus , the name . Immediate annuities are often purchased upon retirement as a source of orderly income during the retirement years .


Input: How Much Does Auto Insurance Cost For A Teenager?

Output: Teenagers historically are much more likely to experience a claim than more experienced drivers . If you are just getting your license for the first time , you may be viewed similarly to a youthful driver by insurance carriers . Some carriers will assign the highest risk driver to the highest value vehicle , some will rely on an agent getting the driver assignment information from the customer . This can have a large impact on premium along with other factors . So talk to a broker about who the best carrier is for you .


Input: How Much Does Auto Insurance Cost For A Teenager?

Output: Auto insurance rates for teenagers are much higher than rates for adults because of their lack of experience driving . However , there are several ways to reduce a young driver 's prices . Having a clean driving record , with no tickets or accidents could make a tremendous difference . Nearly all carriers offer a good student discount which can also substantially reduce the premium . Shopping and comparing always is a god idea . An experienced broker can help determine the best options to help bring your prices down . LIVE answer provided by : Ed Harris - Premier Car Insurance broker for 33 years and owner of several top-rated national auto insurance consumer websites .


Input: How Much Does Auto Insurance Cost For A Teenager?

Output: In California a driver is not penalized for being a teenager directly . Instead all drivers with limited experience are rated together in three to four year increments . They are not differentiated by sex either . It is obvious that other states rate on age which illustrates that insurance premiums are regulated by states and reflect the thinking in the states . In California the insurance formula was set by constitutional amendment .


Input: Is Life Insurance Exempt From Creditors In Utah?

Output: In the state of Utah death benefit proceeds are exempt from creditors as long as the proceeds are paid to either the spouse or a child of the insured and the policy was in force for more than one year . Cash surrender values are protected from both bankruptcies and non-bankruptcies with the exception of monies placed into the contract one year prior to the creditor claim .


Input: Is Life Insurance Exempt From Creditors In Utah?

Output: Generally speaking , life insurance is exempt from creditors in Utah if the beneficiary is a person . If the beneficiary is the estate , then creditors can try to collect on the unpaid debt owed them from the life insurance proceeds . But they can not take the life insurance benefit from an individual who received it as a beneficiary , unless that person co-signed the debt .


Input: Who Should Get Long Term Disability Insurance?

Output: Anyone who earns a living and wants to protect their paycheck should get disability insurance . The statistical odds of becoming disabled during your working life are too great to ignore . The average disability period is 30 months ; the average emergency cash reserve is 90 days . And it is highly recommended that you also insurance your retirement contributions as well .


Input: Who Should Get Long Term Disability Insurance?

Output: If your family relies on your paycheck to pay the bills , you should have long term disability insurance . If being disabled for more than 30 days would put your home , utilities , health insurance , or your ability to feed your family in jeopardy , you should have long term disability insurance . Most people purchase long term disability insurance even to protect their standard of living .


Input: When Did Car Insurance Become Mandatory?

Output: In California we have a financial responsibility law . It requires that a driver be able to cover all the costs which result from an accident . While it doesnt require insurance , that is the most economical manner to handle it . Many drivers look at insurance as a tax . It is certainly far from that . It is in the public interest that drivers be financial capable to repair any damage that they create . In California the state has made a certain set of limits as the mandatory minimums . These limits would not adequately protect a driver if they were involved in a serious accident .


Input: Will Health Insurance Be Taxed In 2014?

Output: Individuals will not be taxed on health insurance . Employers will have various taxes over the few years . There will be a $ 63 fee per covered person that the employer will have to pay starting in 2014 . It is likely that many employers will pass this cost on to employees in various ways . The `` Cadillac Tax '' on high-end employer-provided health insurance will be become effective until 2018 . At that time , plans costing more than $ 10,200 for individual plans and $ 27,500 for family plans will face a 40 % excise tax . Most employers are expected to reduce benefits on these `` luxury '' policies to avoid the tax .


Input: Will Health Insurance Be Taxed In 2014?

Output: There is a `` net investment tax '' of 3.8 % that is levied on `` individuals , trusts and estates '' . Then each year when the individual files their tax returns the tax preparer is reponsible for completing the form that documents if the individual has credible health insurance coverage . If not , then the individual has to pay `` the fine '' which is a tax . Now that ObamaCare is on the ropes and apparently going down for the count perhaps some sanity can be returned back into the health insurance industry


Input: Will Medicare Pay For A Hip Replacement?

Output: Medicare will pay for hip replacements , if medically necessary . Ca n't say which is # 1 and which is # 2 , but hip and knee replacements and cataracts are the the first things people get when they become eligible for Medicare . If you are anticipating a hip replacement , sign on for for original Medicare and a Medicare supplement . If you go the Advantage route you will pay $ 2000 - $ 3000 OOP .


Input: What Is Guaranteed Acceptance Life Insurance?

Output: Guaranteed acceptance or guaranteed Issue insurance is a policy that is guaranteed you will qualify for regardless of your health condition . You are not required to take any medical exam , but usually you will have to answer just a few basic medical history questions . These policies do NOT guaranteed you will qualify if you are past the age limit however , which is typically either 80 or 85 . And there are usually some restrictions on benefit payouts within the first couple years .


Input: What Is Guaranteed Acceptance Life Insurance?

Output: Guaranteed acceptance in general means you do not have to take a medical exam to qualify . There are two basic types . Individual guaranteed acceptance , the kind you may get in the mail or from an agent , is going to be for a lower death benefit , usually around $ 5k to $ 50k . It will not pay within the first two years , but only return premium plus interest . After two years , it will pay as any other policy . The other basic type is group insurance , where members of a group can qualify without a medical exam , as long as a specific number of them apply . they may be able to get higher death benefits , usually around $ 150k . If you want a higher benefit , you will have to take a medical exam , and quality , either way . Thank you . GARY LANE .


Input: What Is Guaranteed Acceptance Life Insurance?

Output: That is an excellent question ! This kind of policy is generally one marketed to people who can not get a policy otherwise . There are typically few if any health questions , and about the only thing you need to have to purchase it is a valid ID , and the money . These policies are riskier for the insurer , so they hedge their bet by creating a `` graded '' or `` modified '' period at the beginning of the policy where the return if you die from any reason other than strictly defined accident is a return of what you paid in , plus some interest . These policies are for smaller face values , and are more expensive also . They are a great vehicle for someone who has issues that would otherwise make them uninsurable , but not the best fit for someone in good health . Please contact me if you would like to discuss this further , I 'm happy to help . Thanks for asking !


Input: What Is Guaranteed Acceptance Life Insurance?

Output: Guaranteed issue policies are , in essence , a `` last resort '' type of measure for buying life insurance as they generally feature some of the highest rates in the market . The medical histories for individuals who purchase these have conditions that make them uninsurable for traditionally underwritten programs , such as cancer -LRB- when current in the body and treatment not yet completed -RRB- . Also , these programs are limited to small amounts of life insurance - generally a maximum death benefit of $ 25,000 under a single policy with most companies . The structure of a `` graded '' death benefit mentioned above is generally a return of premiums paid into the program if death occurs in the first 2 years , unless death is accidental -LRB- in which the full benefit would be payable -RRB- - the full benefit is payable beginning in year 3 of the policy . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Is Guaranteed Acceptance Life Insurance?

Output: As the name implies , this type of life insurance is always available as coverage . Although it does not take effect during the first 2 years except for accident . If death does occur during the first 2 years , then all premiums plus interest are returned to the policy owner . While not as economical as so-called `` regular '' coverage , it may be an excellent last alternative .


Input: What Coverage Do I Need For Homeowners Insurance?

Output: In order to keep your mortgage company satisfied , you will need to have the dwelling coverage equal to the cost that it would take to rebuild your house if it were ever destroyed . Other than dwelling coverage , you will want liability coverage , personal property coverage , and additional living expenses coverage .


Input: When Can I Get Obamacare Health Insurance?

Output: Obamacare health insurance -LRB- if you want to call it that -RRB- is available in 2014 under The Affordable Care Act . No person can be denied for medical reasons and federal tax subsidies will be available to many consumers to help pay premiums . Recent health care reform changes have resulted in 100 % preventive benefits and expanded dependent coverage . Open Enrollment begins in October so it 's just about time to compare your options through an experienced broker or a reputable health insurance website .


Input: Does Health Insurance Cover Essure?

Output: Essure is a medical procedure that is used by women for birth control purposes . A device is implanted into the fallopian tubes and there has been some women that has found it to be satisfactory while others have found it unacceptable . This procedural details can be found in great detail on the internet if you want more details


Input: Does Homeowners Insurance Cover Damage From A Water Leak?

Output: If a water leak has been occurring over a long period of time generally there is no coverage . This is seen as a preventable maintenance issue which falls under a homeowners duty to maintain . If the leak was sudden and caused water damage you should have coverage . I would advised you contact your local agent to discuss the specifics of your potential loss .


Input: What Does Long Term Healthcare Insurance Cover?

Output: What does long term care cover ? Well , Long Term Care picks up the non-medical cost of care involved for a person . Medical insurance or Medicare/Medicaid cover medical treatment for specific things . Long term care covers the cost in the daily upkeep for a person . Not so much in treating an illness directly but more assistance with daily life activities .


Input: What Does Long Term Healthcare Insurance Cover?

Output: I believe you are referring to Long Term Care Insurance . There are a variety of different long term policies from many insurance companies . Most policies sold today are comprehensive and offer a daily benefit that can be used in your home , adult day service centers , hospice care , respite care , assisted living facilities and Alzheimer 's special care facilities and nursing homes . In a home setting , comprehensive polices generally cover skilled nursing care , occupational , speech , physical and rehabilitation therapy . You can also get help with personal care , such as bathing and dressing . In order to receive long term care expense reimbursement , you need to qualify . Generally , that means the failure of the insured to perform 2 out of 6 of the activities of daily living -LRB- ADLs -RRB- . There is also an `` elimination period '' after which the benefits begin . Policies vary in what they actually cover and there is much you should know about long term care and you need to find a qualified insurance agent near you that can help you understand it .


Input: Can I Make Medicare Payments Online?

Output: Some carriers have the ability to collect Medicare supplement premiums or Advantage premiums via an online link but those are in the minority . Most Medigap and Advantage carriers prefer to set up an automatic bank draft for the convenience of collecting your premium on a monthly basis . All are glad to bill you quarterly , semi-annually or annually .


Input: How Much Does Medicare Pay For Xrays?

Output: Medicare Part B normally covers X-rays that are considered medically necessary . Dental X-rays , unless performed due to injury to the mouth , are generally not a covered expense . If you need X-rays while admitted to the hospital as an inpatient your X-rays should be covered under Medicare Part A . If the radiologist is not on staff their charges may fall under Part B .


Input: What Is The Enrollment Period For Medicare Part D?

Output: When you first enroll in Medicare Part B you have 60 days to pick a Part D drug plan . If you have a drug plan that is part of a Medicare Advantage plan , and you lose your Advantage coverage -LRB- such as moving out of the service area -RRB- you have 60 days to pick a new plan . Part D annual enrollment runs from October 15 to December 7 .


Input: Does Health Insurance Cover Chiropractors?

Output: Some health insurance policies will pay for visits to a chiropractor . Health insurance plans vary greatly from plan to plan , company to company and state to state . To know if your plan provides this coverage you need to read your policy completely to find out what is covered or excluded or give your local agent a call and ask them .


Input: What Is Proof Of Homeowners Insurance?

Output: If you need to provide proof or Homeowners ' Insurance , usually to a bank or other mortgage company , they are looking for a copy of the Declaration Sheet or other such certificate of documentation that your Insurance Professional will be able to provide . If you are closing on a loan , they may also need a receipt showing that the policy is fully paid .


Input: What Is Proof Of Homeowners Insurance?

Output: Proof of insurance is a document prepared either by the agent representing the company or the company itself . There are some standard forms ; however , most companies use the declaration page of the policy as evidence of insurance . These are provided to lenders and others who might have an interest in the property insured .


Input: When Is Private Health Insurance Worth It?

Output: Private health insurance is not an investment so its ' difficult to say when it is `` worth '' it . However , there will be many times when a consumer receives a substantially higher amount of benefits compared to the premiums they pay . I suppose it is `` worth it '' at that time . However , the alternative means you have no health problems . That 's really a bargain !


Input: When Is Private Health Insurance Worth It?

Output: When you use it ! When you are paying premiums and do not use your insurance it is hard to see the value . However , the first time you end up in the Hospital with a $ 300,000 hospital bill you realize that it is not such a bad deal . If you are healthy , my recommendation is an HSA qualified plan . You save money and are covered for those catastrophic events .


Input: How Exactly Is Medicare Advantage Affected By Obamacare?

Output: Obamacare reduces funding for Medicare by more than $ 700 billion between now and 2020 . This means Medicare beneficiaries will pay higher premiums , higher copay 's and deductibles and more out of pocket . The reduced funding means fewer Medicare Advantage plans from fewer carriers . When you can find a plan expect it to cost more .


Input: What Is A Fully Paid-Up Life Insurance Policy?

Output: A fully paid up life insurance policy is one in which the premiums are paid up , or paid in full . At that point , the insurance company is liable for paying the death benefit , and you do not need to pay any more premiums to keep the policy in effect .


Input: What Is A Fully Paid-Up Life Insurance Policy?

Output: A fully paid up life insurance policy is simply the full amount of the . policy paid up contrary to monthly payments through the years of policy . If someone wanted a 500,000 policy and calculating the rates which rely on age and rating , the pay a one time payment maybe 150,000 , but , again depending on age , and rating . No more premiums are payed . For this I specialize in modified endowment policies but not exactly the average endowments . The policy is a secure policy aimed to preserve wealth and save on taxes .


Input: What Is A Fully Paid-Up Life Insurance Policy?

Output: A fully paid up life insurance policy means that no premiums are necessary to keep the policy in force . Depending on how the policy was built , the paid up status may be sometime in the future because you are paying more premium initially . Or the paid up status could be immediate . Whole Life Insurance often times has a paid option during the premium paying years . You might see on an illustration a paid up column meaning that is the death benefit you can get if you stop paying premium at that time .


Input: What Should I Cover With Renters Insurance?

Output: Everything that you consider valuable that is beyond your normal financial means of replacing -LRB- normally your deductible amount for the policy -RRB- any individual items that are above $ 500 should be brought to the attention of your agent to find out if they need to be covered thru an endorsement on the policy . Read your policy completely to understand the coverage provided and any exclusions that there may be .


Input: Does Health Insurance Cover Skin Removal Surgery?

Output: It will depend upon your medical situation ; 1 -RRB- No Scenario -LRB- the most likely -RRB- - the skin removal is for cosmetic purposes . This is generally understood to extend to persons who have meaningful weight loss that leaves them with excess skin . So , you may have done the right thing by losing a lot of weight but you may have to reconcile yourself to living longer with a flabbier body or privately pay for cosmetic surgery . 2 -RRB- Yes Scenario -LRB- uncommon but not rare -RRB- - where medically necessary criteria are met . There are circumstances where there can be recurring health problems caused by skin overhang -LRB- yeast infections , sores and rashes , infections , etc. -RRB- that can be remedied or mitigated by removing the overhanging skin , a Panniculectomy . This is not the same procedure as what is commonly referred to as a `` tummy tuck . '' The Punniculectomy only removes the overhanging skin and does not address the stretching of abdominal muscle that can also occur and which is commonly addressed in the `` tummy tuck '' procedure . As such , depending upon the terms of your policy and how a claim is coded I can foresee the situation where both procedures are performed -LRB- if the doctors went on and did the more invasive abdominal muscle procedures while `` they were in there '' and this was done with your prior consent or request -RRB- and part of the procedureis covered by the policy and the other part being deemed for cosmetic purposesand not being covered .


Input: What Is An Example Of A Defined Contribution Retirement Plan?

Output: An example of a defined contribution plan is a 401 -LRB- k -RRB- , employer sponsored retirement plan under ERISA , Employee Retirement Income Security Act of 1974 . The pretax contributions accumulate tax deferred and some employers match a portion of the employee 's contribution , further enhancing the overall benefit . In addition , plan participants over age 50 can contribute additional monies beyond the annual set contribution limitations .


Input: How Much Commission Does An Auto Insurance Agent Make?

Output: Depending on the carrier who is paying the agent the average is 10 to 15 % for your auto or home policies . But on business policies it can be higher . Now Life and health that is a complete different story I do not write this type of policy but I was told it is a much higher commission


Input: Is An Annuity Guaranteed For Life?

Output: Is an annuity guaranteed for life ? Well you may be an annuity payout and the short answer is yes . You can not outlive an immediate annuity that pays you a stream of income for your life . You can even establish guarantee windows that will continue to pay a payout after you 've passed . they are called period certain payouts . But yes , you can not outlive an annuity payout .


Input: Is An Annuity Guaranteed For Life?

Output: Tax deferred annuities have three crediting methods , no of which is guaranteed for life because interest rates can change , indexed performance can wane and separate sub accounts can lose money . However , if you annuitize the policy balance for life only , it will generate guaranteed life time income you ca n't outlive .


Input: Why Would My Health Insurance Send Me A Check?

Output: A health insurance company would send you a check for a number of reasons . It could be a refund of an over-payment you made . It could also be because of an error made by the insurer and they are correcting it . It could also be the result of favorable claim results where -LRB- by law -RRB- , they may have to return some premium . Or , they just like you ! Probably not that reason .


Input: Why Would My Health Insurance Send Me A Check?

Output: Do you remember how much you paid as premium to your insurer ? The check you have received might , in all probability , the excess amount you have been billed for . Now that that they have rectified their mistake by sending you the refund check . Please also check if your insurance company has decided to offer you a claim which might have been assessed in your favor , but that might be the remote reason as insurance companies very seldom decide on this favorably . However , you should check it with your insurer first .


Input: How To Get Medicare To Pay For Assisted Living?

Output: Medicare covers procedures and treatment that are considered medically necessary . Assisted living does not meet the criteria of what is considered medically necessary . If you are in need of skilled nursing care , such as the administration of infusion therapy or other medications , Medicare may cover at least a portion of the cost of nursing care .


Input: What Is Property Insurance Premium?

Output: Property insurance is based upon the concept of shared risk . That means that the chances of experiencing a fire that would destroy your home are really low , however , if that were to occur the loss would be quite high . Others property owners face a similar dilemma . If you could share your risk with others you would pay a small amount to avoid losing a large amount . When risk is shared it is considered a pool . Insurance companies form pools and allow people to share the risk of a large loss in exchange for a small loss , the property insurance premium . The amount of this insurance premium is determined by professionals known as actuaries who compare the loss history of millions of pieces of property to develop statistical probabilities of loss for a certain defined piece of property . Additionally they compute the probabilities of different pieces of property and calculate a premium for those losses as well . If you have a home in the forest and I have exactly the same home but live in a suburb the chances are greater that you would experience a catastrophic loss than that I would . This difference is developed mathematically by reviewing millions of losses over a long period of time . As a result we can both be in the same pool but you would pay more than me because you represent a greater risk to the pool . In order to be permitted to do business in your state the insurance commissioner of your state must approve the premiums charged by your insurance company . The commissioners chief concern is that the insurance company is able to meet the promises that it makes . Comparing the losses sustained over time with the premium income of the company helps the commissioner determine the ability of the company to keep its promises -LRB- even in very trying times . -RRB- This then develops into the premium that the company charges you for coverage . It is based on statistics and the companys experience and represents your share of the cost of insuring a pool of risks so that there is sufficient money to take care of a catastrophic loss or anything in between .


Input: What Is Property Insurance Premium?

Output: Property Insurance Premium is the cost of a Homeowners Insurance Policy , Landlords Insurance Policy , Hazard Insurance Policy , Dwelling Fire Insurance Policy or Commercial Property Insurance Policy . The premium is expressed in terms of Annual premium unless the policy is written as a Course Of Construction Policy which may be offer on a 6 Month Term . In order to calculate a property insurance premium , you will need to obtain a quotation for the correct form of insurance sought . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Does Renters Insurance Cover Clothes?

Output: Your clothing is considered your personal property so if you purchased a renters insurance policy that has property coverage your clothing would be covered if the loss was a covered loss . An example of a covered loss would be fire and theft as an example . Also you would want to make sure your renters policy was reimbursement and not actual cash value so that your clothing or any other items for that matter are replaced new .


Input: Will Short Term Disability Insurance Cover Maternity Leave?

Output: Some STD plans include coverage for maternity but read your policy and do n't just assume you have coverage . Most will have a waiting period , usually 6 months , before you can apply for a maternity related claim . Some policies may require you to prove your are unable to work while others will simply provide a limited 4 or 6 week benefit .


Input: Who Should Not Buy Long Term Care Insurance?

Output: One of the planning aspects of retirement is saving enough money for your golden years . Self insuring is always the best way to go , but for most , the most impractical . Life just happens . But if you are very wealthy or have a family history of limited life expectancy or you 're satisfied with government run facilities ... you my not value long term care .


Input: Who Should Not Buy Long Term Care Insurance?

Output: Who should not buy long term care ? Technically , everybody should but really comes down to having assets to protect and money to afford a premium that will rise over time . A person of limited assets and limited income is going to struggle to maintain a long term care policy so it may turn out to be something you 're throwing money at that wo n't be there later in life because it will price itself out of the question to a limited income .


Input: How Much Should I Spend On Life Insurance?

Output: You should actually be more focused on the amount needed and not how much you should spend . The amount of life insurance should be first calculated to cover final expense , paying off debt -LRB- credit cards , loans , etc. -RRB- , income replacement , and lastly , providing money for college for the kids -LRB- if desired -RRB- . This can uncover a very large face amount and but will be quite affordable to you through the purchase of low-cost level term protection in the terms of 10 , 15 , 20 , or 30 years . One thing to remember is if budget is a concern it is better to cut the term then to cut the face amount of the policy .


Input: How Much Should I Spend On Life Insurance?

Output: The amount you spend on life insurance should be comfortable enough that you can make the payments each month , even if you run into financial bumps in the road . Life insurance that has been dropped to reshingle the roof will not be there when the insured person falls off the roof and dies . Figure out what it would take your family to regroup without the stress of moving or having to take out a second job that first year , and at least get that amount , if you can afford it . If not , get less . But do get it .


Input: How Much Should I Spend On Life Insurance?

Output: This will depend on the type of policy you want / need is and what is the purpose of the life insurance . Getting the right type of policy and face amount is much more important than just a dollar amount . From just a money type of view and taking out the importance of what life insurance covers , it 's a good idea that for every $ 1 you put away in savings / IRAs etc , you should put about $ 0.20 to $ 0.30 of that away in some form of permanent life policy .


Input: How Much Should I Spend On Life Insurance?

Output: How much ya got ? ;-RRB- Actually that is a good question as insurance only works is if it is in force when you need it and keeping it in force requires you to spend money on it . While you may have several choices put in front of you by an agent , focus on what you can do and keep doing consistently . Cover your obligations first , then see what you can do . For example a young person without much debt or even a family might want to consider purchasing a Whole Life policy as a starter plan . The reason ? The price will NEVER go up and the policy will build up cash values and death benefit -LRB- mutual company -RRB- over time , and once you have it they -LRB- insurance company -RRB- ca n't take it back , charge you more or change the policy . It 's yours and you own it . While that might not be important at 25 , it sure is at 55 with health issues and a mortgage . Consider the purchase to similar to buying raw land . You purchase it as a young person and let it develop over time . The only difference lately , with a whole life , ya ca n't go backwards .


Input: Does Private Health Insurance Cover Dental?

Output: Yes and No . ObamaCare compliant health insurance policies must cover PEDIATRIC dental and vision coverage . This means that dependent children age 18 and under will have some level of coverage for dental & vision care but there is no adult dental coverage in today 's health insurance coverage . In most cases , dental insurance is handled under a separate dental insurance policy even if an individual or group has their health and their dental insurance with the same insurance company .


Input: What Is Personal Disability Insurance?

Output: Personal disability insurance is paycheck protection against sickness or injury . While health insurance covers expenses and bills incurred for hospitalization , disability benefits pay you a monthly income generally tax free . Most Americans only have 90 days in cash reserves , so disability insurance is important . Make sure you have income ready to go for the unexpected events that occur in life .


Input: What Is Personal Disability Insurance?

Output: Personal Disability Insurance can refer to Private Disability Insurance or Individual Disability Insurance . In other words , it is not Group Disability Insurance . It is a Disability Insurance policy that you buy with your own money to pay for living expenses that would occur if you were to become disabled .


Input: Who Can Be Covered By Life Insurance?

Output: Examples of who might be covered by life insurance include : children , your spouse , yourself , grandparents , Key employees , business owners , funding a trust -LRB- Estate Planning -RRB- . You do have to have an insurable interest as mentioned meaning you have a covered interest in the person you are wanting to get covered . You would not be able to cover your neighbor for example or strangers down the street .


Input: Who Can Be Covered By Life Insurance?

Output: There are humorous examples where people have insured gold fish ; however , a living person can be insured . The person applying for the insurance must have an insurable interest at the time the policy is issued . That means you can not buy life insurance as a way to gamble . For the company to offer a life insurance policy there are underwriting criteria which must be met involving the insureds health , family history , occupation , avocation , and additional factors .


Input: How Much Life Insurance Does The Average American Have?

Output: According to a recent study , 41 % of U.S. adults have no life insurance at all . Of those who do , many only have group term life through their employer -LRB- will terminate when they leave their employer -RRB- typically at amounts like 50,000 or one times salary . The average U.S. household with life insurance owns enough to replace only 3.5 years of income -LRB- LIMRA 2010 U.S. Life Ownership Study -RRB- even though insurance companies will insure those in the 30s or 40 's up to 25 times their income or more .


Input: How Much Life Insurance Does The Average American Have?

Output: According to LIMRA , Life Insurance Marketing and Research Association , the nations leading expert on life insurance sales , the average person has a face amount of $ 165,000 in life insurance . Other interesting statistics on the subject find that 70 % of American households admit they would have financial difficulties if the primary wage earner were to die . So , 7 out of 10 people admit they do n't have enough life insurance in force . Out of this 70 % , 30 % of Americans have no life insurance at all , even though we are all guaranteed to die someday . Life insurance is just too important and affordable not to have enough for those loved ones left behind to pick up the pieces . For example , a young healthy 25 year old female can purchase $ 500,000 in term life insurance for as low as $ 12.62 per month . It is the most affordable insurance product on the market and yet one of the most under purchased for the level needed .


Input: Why Invest In Whole Life Insurance?

Output: Why invest in whole life insurance ? Well it is one of the few insurance products that you actually control , not the insurance carrier . That is a big reason why whole life insurance is expensive compared to other life products . The insurance company bears the risk of the contract as they can not alter or change the terms of the contract , they can not raise the price of the policy in later years and must receive the policy owners permission to do anything to the policy . What a whole life offers is a decent return for the safety it provides the policy holder . There is very little investment risk to a whole life policy compared to other places where a person can put money . This also is reflected in the return . If you had money invested in 2008 you learned first hand about investment risk . That said , while the rest of my investments were losing 40 % my whole life gained value . You ca n't go backwards with a whole life which makes it a good part of anybody 's planning . I call whole life the most boring investment a person can make . Why ? it does what it says it will do .


Input: Why Invest In Whole Life Insurance?

Output: That is a great question ! I think it 's important to be clear about the difference between an investment and the protection that life insurance provides . An investment is something that is designed to hopefully increase in value over time , and provide you with an increase over what was invested . Stocks , money markets , mutual funds , bonds , these are investment vehicles . Life insurance typically does n't provide that same result . Term life has no value unless you die while it is in force , and you would n't be able to use any of those funds either way . Whole life insurance pays out when you pass , and the amount is promised when you purchase the policy . Though there are some companies that will pay dividends , these are rare , and most policies will only pay out what your face value is -LRB- and again , that is of no value to you -RRB- . It is a great way to protect against estate taxes , provide an income to those you love and leave behind , and for covering expenses that might outlive you . Life insurance is a worthy investment in that sense . I hope that helps , thanks for asking !


Input: Why Invest In Whole Life Insurance?

Output: Whole life insurance has many advantages to it . The first being that your premiums are fixed and guaranteed for the rest of your life and as a permanent insurance program , it builds cash value over time . If it 's a participating whole life policy , any dividends that are paid out can be used to either increase the death benefit via paid up additions , reduce your premium , or make a payment to you directly -LRB- options depend on which carriers whole life policy you have -RRB- . If you use the dividends to reduce the premium , the policy can become self-sustaining after a number of years - meaning no more premium payments . Non-participating policies only build cash value - these types of plans do not pay out dividends . If you 're buying whole life coverage when you 're young and its cash value builds for years and years , it can create a nice nest egg for funds that can be used during your retirement years . It 's important to remember that if you borrow from an insurance policy , you 're creating a loan as the monies are expected to be paid back . If you cash out the policy , you lose the life insurance coverage . An alternative for those who are not very concerned about the cash value and want to maximize the death benefit of your life insurance , you may want to consider a guaranteed universal life policy instead of whole life . GULs can offer a larger amount of coverage than whole life policies for the same premium or save you a ton of money on your premiums for a given level of coverage . Make sure to consult with an experienced life insurance broker who can create a structure that will best serve your needs , goals , and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Do I Know Which Medicare Plan Is Best For Me?

Output: Discuss your options with an independent agent that is familiar with Medicare options in your area . There is no need to allow strangers in your home that hope to pressure you in to making a buying decision before you are ready . I have over 300 Medicare clients and can probably count on one hand the number of people I have met face to face .


Input: How Do I Know Which Medicare Plan Is Best For Me?

Output: The best thing to do is to sit down with an independent agent who specializes in Medicare Health Plans and represents most of the major carriers of those plans . A good agent will help you navigate the Medicare.Gov website , help you look up your drugs , doctors and hospitals to find the Medicare Advantage Plans most suited to you or he may , based on your circumstance recommend a Medicare Supplement instead and will help you find a good affordable plan . It is very difficult to do this on your own . A good experienced agent can save you a lot of time and heartache .


Input: Can You Get Life Insurance With COPD?

Output: The severity of COPD will dictate the cost of coverage or if it is available at all . In applying for insurance you will need certain information from your physician including results of various tests that will help the agent and underwriter help determine what classification is most probable . In addition , you may be able to get standard rates on permanent coverage if you meet certain criteria by age , insurance carrier and severity of the illness .


Input: Can You Get Life Insurance With COPD?

Output: COPD stands for chronic obstructive pulmonary disease . It manifests itself in chronic bronchitis , emphysema , or -LRB- most commonly -RRB- a combination of the two . Most COPD is caused by a history of smoking and is progressive in nature . When applying for life insurance , underwriters will look at pulmonary function , whether or not the patient is still smoking , severity and frequency of symptoms , and whether portable oxygen is used . Very mild COPD may qualify for medically underwritten coverage . Generally , simplified issue policies must be used for persons with moderate to severe COPD . If oxygen is used , the applicant will most likely need to purchase guaranteed issue life insurance , if it is available at their age .


Input: Can You Get Life Insurance With COPD?

Output: Can you get life insurance with COPD ? The short answer is no . The longer answer is it will depend on your personal health history provided through a pre-screening process that would tell you what to expect for a classification . It is unlikely a person would be considered a standard risk with COPD , but that person may get a table offer from a carrier at a much higher rate .


Input: Can You Get Life Insurance With COPD?

Output: There are Life Insurance Companies that issue `` guaranteed issue '' life insurance polcies . What State do you live in ? It may take some time invested on your part to find a company and you may save some time by calling the State Department of Insurance in your State and ask them if they can tell you what companies are licensed in the State that issue `` guaranteed issue '' policies . These polcies are not going to be the usual life insurance policies full of bells and whistles but they will serve your death benefit needs . Another way around this problem is to open a savings account at your local bank and save what you can each week and once you have saved $ 5000 invest this money into an `` annuity '' or a `` mutual fund '' if your risk preference will allow you to do so . In other words the dollars you would spend on a life insurance policy invest into a savings vehicle and provide the death benefit you need by saving it .


Input: Can You Get Life Insurance With A Felony?

Output: Yes , you can get life insurance with a felony . If you are over age 40 , there are guaranteed issue policies that you can get , even if the felony was committed a short time ago . If your felony was years ago and the probation period is over , you can even get preferred rates with some companies .


Input: Can You Get Life Insurance With A Felony?

Output: Yes , you can . And you do not have to settle for simplified issue policies with small face amounts . If you need several hundred thousand or several million dollars worth of coverage for your family or business , it could be done . I have done it . I have three cases for my files to share with you . One was a gentleman who was arrested for assaulting a police officer . It had to do with the officer breaking up a fight and accidentally getting hurt . The police department really went after my guy and forced him to serve time even though he did not cause the injury . I actually got the approval for coverage the day before he started his sentence . Another was a client who worked as a pharmacist . He unfortunately started taking some of the narcotic drugs he was distributing . He then became addicted to them and stole them . He was caught , served time , and then put on probation . The day after probation ended , he submitted his application . Approved as quoted . In another case , my client served time due to wire fraud . He was actually still on probation when he applied for coverage . Of course , I had prequalified him before submitting a formal application , so I had confirmed he was eligible for coverage . He was also approved as quoted . The fact of the matter is that criminal record is factored into underwriting , but an answer of yes on the application doesnt have to be a dealbreaker . There are companies that will work with you under certain circumstances . The broker has to know how to work with them . There is hope .


Input: Can You Get Life Insurance With A Felony?

Output: There are companies that specialize and underwrite life insurance for what is documented as high risk also termed as impaired risk . If you been denied by one company because you are not able to obtain insurance by another company then a company that issues these policies are available . The rates may be a little more but will write you a policy at what is called guaranteed issue . The amount is at a set benefit that will satisfy the applicant . I am partnered with impaired risk companies .


Input: Can You Get Life Insurance With A Felony?

Output: Depending on any other risk factors that you may have you may be able to purchase a life insurance policy with a felony . You will more than likely be rated if you have a felony , which means that you will typically pay more than someone that has not had a felony . Contact a local agent to find out more about coverage availability and pricing in your area .


Input: How Much Disability Insurance You Need?

Output: Regulations will only allow between 50 and 80 % of your income in most cases . Disability insurance is designed to help pay the bills if you become disabled for a period of time . Look at the maximum you are allowed based on your income . If you feel you can get by with less then adjust it accordingly .


Input: How Much Disability Insurance You Need?

Output: If you have already taken out the max coverage with a private disability insurance , look into other forms of coverage that will give you even more protection . Critical illness insurance would offer a lump sum payout that could help get your through the elimination period of your DI policy . Also , if you 're a business owner , you can get additional coverage to help keep your business running .


Input: What Is A Life Insurance Rider?

Output: That is a great question ! A `` rider '' in insurance lingo , is a clause that is attached to the body of the original policy . It `` rides '' along on it . Some life insurance policies will allow for the addition of a term insurance policy as a rider to covera spouse 's or children 's life insurance needs . The applicants life insurance policy will now -LRB- for an additional cost -RRB- insure their life , plus the person/s named in the rider -LRB- for however long the rider is in force -RRB- . Accidental death and dismemberment policies are popular riders also . Need more info ? Feel free to drop me a line , I 'm happy to help . Thanks for asking !


Input: What Is A Life Insurance Rider?

Output: A rider on life insurance policy is an additional coverage on the original policy . It is not a named coverage as the same with all insurance policies . Riders are cost saving and advantageous . For instance , if you want a child rider on a life policy . The cost would be an additional $ 5.00 for $ 25,000 in coverage to cover all children no matter how many in the family . Contrary , to individual policies which add up to more . This is until each child is no longer dependent , and is guaranteed insurable . The .


Input: What Is A Life Insurance Rider?

Output: A life insurance rider is a policy provision that sets it apart from a basic policy offered by that same company . The rider adds a benefit to the policy , usually -LRB- but not always -RRB- at an additional cost . Some riders are as follows : Child Rider - adds coverage for all the children in the family for the cost of one rider . Terminal Illness Rider - allows up to 50 % of the death benefit to be taken in cash if diagnosed with a terminal illness . Waiver of Premium Rider - pays the life insurance premium if you were to become disabled . Disability Income Rider - provides income in case of disability , as a disability insurance policy would do . Chronic Illness Rider - would pay for extended care needs . Critical Illness Rider - would pay a lump sum if diagnosed with certain diseases . Accidental Death Rider - would pay extra is the cause of death was an accident .


Input: What Is A Life Insurance Rider?

Output: A life insurance rider is defined as a supplemental agreement that adds something to a policy . E.g. Riders that pay an additional benefit for accidental death or the death of a child . However , the term , life insurance rider , is also used to describe a supplement to a policy that limits or waives benefits in certain situations . E.g. Aviation exclusion rider .


Input: What Is A Life Insurance Rider?

Output: Many types of life insurance offer additional protection items called riders . some of them are free and embedded into the policy , while most cost more money to add them on to the base policy . Here 's just a few of the examples of the riders offered with life insurance : waver of premium , spousal , children , long term care , critical illness , terminal illness , etc. .


Input: Can I Get Homeowners Insurance With A Pitbull?

Output: You may be able to secure homeowners insurance through one of many carriers . Some carriers may charge a premium for owning a pit pull bread or may even require an exclusion of coverage for claims involving the dog . Every company and every policy is different . To best find out what is available within your area contact a local agent to discuss your coverage concerns .


Input: How Much Is A Life Insurance Policy Worth?

Output: If are the insured person on a Term Life insurance policy , it is only worth something if you pass away . Then the face amount of the policy will be paid to your beneficiary . If you own a Whole Life or Universal Life policy , the proceeds will be paid to your beneficiary if the insured person passes away . But there is also a cash value component to these policies . If you cashed your policy in before death , the surrender value -LRB- cash accumulation minus surrender charge and fees -RRB- would be the worth of your policy to you .


Input: How Much Is A Life Insurance Policy Worth?

Output: What is your definition of worth . Are you speaking of the face value of the policy , the death benefit , or the cash value . The face value is the dollar amount that the policy is originally issued for . Death benefit depending on the policy can be greater than the original policy issue or may be lower due to loans taken out from the policy 's cash value . Whole life or permanent life insurance policies will sometimes build cash value over time .


Input: How Much Is A Life Insurance Policy Worth?

Output: There are several ways to look at that . If you are still living the death benefit is not worth anything currently . But the cash value has a definite worth . The cash surrender value is what most people would consider the worth of you life insurance . But there is also a reduced paid up amount that you could opt for that would possibly be worth more to you .


Input: How Much Is A Life Insurance Policy Worth?

Output: That is a great question ! I am going to assume that your question is a straight up value question , and not the metaphysical emotional value one . The face value , or death benefit is the amount that the policy will pay to the beneficiary when the insured passes away . That benefit is payable when the insured passes on a whole life policy , and only if the insured passes during the specified term on a term life policy . I hope that was what you were looking for , thanks for asking !


Input: How Much Is A Life Insurance Policy Worth?

Output: Life insurance is worth the face amount to those who you love if you should die prematurely . Life insurance is worth the cash value to you should you need to make an unsecured loan or surrender the policy for cash . Most important reason , though , is that life insurance will give you peace of mind knowing that those you love will not suffer unnecessarily if your should die .


Input: How Much Is A Life Insurance Policy Worth?

Output: There are two key values to a life insurance policy : its death benefit and its cash value . The death benefit is the amount the policy pays as a lump sum -LRB- generally income tax free -RRB- when the life insured dies . The cash value is what the policy is `` worth '' to the owner during life . Term life insurance has no cash value while permanent policies are a current asset . The cash value of a policy can be accessed during life if necessary through withdrawing some of the money as cash or taking a policy loan . Or , the policy could be canceled for the cash surrender value - the total value of the asset . At this point , the death benefit amount is canceled .


Input: Does Basal Cell Carcinoma Affect Life Insurance?

Output: No , basal cell carcinoma does not have much of an effect on life insurance premiums , if any . Squamous cell carcinoma does affect rates more , depending on the stage , how long ago it was removed , and whether there was any recurrence or multiple spots . Melanoma , of course , has the most significant impact on life insurance rates of cancer affecting the skin , and may cause a decline if past stage 1 occurred within the past year .


Input: Does Life Insurance Cover Accidental Death?

Output: Unless otherwise stated an in force life insurance policy has on all death claims events regardless of the cause of death with the exception of suicide in the contestability period and outright fraud or material omission . Some life insurance policies have an accidental death benefit or double indemnity , which could be a consideration .


Input: Does Life Insurance Cover Accidental Death?

Output: Life insurance may cover accidental death in one of two ways : The insurance policy may have built-in coverage for accidental death at no extra charge to you The insurance policy may have a `` rider '' attached that provides accidental death coverage of the amount you choose for an extra premium . Either way , the answer is yes .


Input: What Impact Does Insurance Have On Supply And Demand In Health Care?

Output: Health insurance has a major impact on the economic forces of supply and demand . Even more so with the low deductible copay plans that are popular . Consumers are isolated from the true cost of health care when all they know is $ 20 copay 's . On average , consumers pay about 12 % of the total cost of their health care , the rest is paid by insurance carriers . This impacts utilization which not only drives up the cost of health care but the cost of health insurance as well .


Input: How Much Is Life Insurance For A Mortgage?

Output: When you buy life insurance to cover a mortgage , you can buy your policy in the face amount and term length that you want . Often , that is 30 year term to cover a 30 year mortgage . About 20 years down the road you may have half your mortgage paid off . At that time you could reduce your life insurance policy to half the face amount and save some money . Or you could start out taking half of your coverage in 30 year Term and half in 20 year Term . Buying the shorter term policy will save you some money and when it runs out , you still have 10 years of coverage left . All this is to say , you really ca n't know how much mortgage life insurance costs until you talk to an agent and figure out the best way to set up your policy . Give someone who sells level Term life insurance today ; you will be glad you took the time .


Input: What Is The Best Auto Insurance Coverage To Have?

Output: First , choose a reputable auto insurance carrier . Then , the best way to answer this question is to state that you should ... of course , be guided by your budget constraints . However , you need to be realistic about the amount of potential liability to which you and your family could be exposed , particularly in the event of an at-fault accident . With regard to needed collision and comprehensive coverage for each vehicle , you may or may not need coverage on each , based on the age of the vehicles and whether or not there are lien-holders . Back to liability , using an example , think how much financial exposure could result from you or a family member rear-ending a a $ 40,000 vehicle , which is pushed into another vehicle , causing a total loss to the $ 40K car and significant damage to the other car . Additionally , two passengers in one vehicle claim serious injuries as a result of the accident for which you are liable . You can quickly see that minimum or low liability limits could easily expose you to significant financial loss , in the event that the losses exceed your insurance liability coverage . How would you pay for the excess damages beyond your policy limits of liability ?


Input: What Is The Best Auto Insurance Coverage To Have?

Output: I like to look at this question a little differently . There are basically three parts to your auto insurance policy . One part covers you if you hurt somebody -LRB- or something -RRB- . A second part covers you and your family if someone hurts you and does n't have any insurance or not enough to reimburse you for your injuries/suffering/lost earnings . A third part covers the car you may be driving should it be damaged . How much coverage would you expect someone to have if they hurt you or a family member ? That is a good guide for how much liability coverage you should consider . Your liability limit for others and uninsured/under-insured motorists limit for you should be consistent . If someone or something damaged your car , would you want to be reimbursed ? If so , your auto insurance should include comprehensive and collision coverage . Older fully paid car ? Still may be worth several thousand dollars and well worth insuring . It 's better to have a higher deductible than no coverage at all . If your insurance coverage meets these tests , this may be the best insurance coverage for you . Then I like to consider insurers who will also provide my homeowner 's / tenant 's coverage through a respected local agent with reasonably competitive premiums .


Input: How Much Renters Insurance To Buy?

Output: You should ask yourself , How much can I afford to lose ? That will give you a simple answer . However , most buyers of tenants insurance fail to recognize the problem of legal liability . If someone is injured while on your rented property , they will potentially sue you . The cost of defending a suit and paying the judgment could easily force a person into bankruptcy . While the personal property is important coverage for liability is even more important . So , buy what you need and take the highest liability option available .


Input: Does Medicare Pay For A Gym Membership?

Output: No . However , if you are looking for this kind of value added benefit in Medicare coverage you may want to explore Medicare Advantage Plans when looking for your supplemental coverage . Medicare Advantage Plans are generally HMO like options that include a variety of value added services that go beyond traditional Medicare coverage and Medicare supplement plan coverage . One of the features of many Medicare Advantage Plans will be gym discounts .


Input: Where To Compare Life Insurance Quotes?

Output: One of the best quoting tools that have ever hit the Life Insurance industry are called E-Apps - this is where you do the application online with your agent - no visiting or wasting time sitting at the kitchen table or anything like it used to be with paper applications . The entire process takes about 7 minutes on the phone , then the home office takes over from there . Quotes in a jiffy and Application and Underwrtiing in a jiffy


Input: Where To Compare Life Insurance Quotes?

Output: Some websites , such as mine , will allow you to put in personal and health information so that you can compare life insurance quotes online . You should still call or email the website to make sure your quote is accurate . But using a quote engine that gives you instant quotes is a good way to familiarize with what different policies cost at different ages and with different carriers .


Input: Where To Compare Life Insurance Quotes?

Output: That is a great question ! There are probably about 80 bazillion internet sites that will give you quotes , and as long as you understand that 99 % of them are `` best case '' quotes , and should be taken with a grain of salt , then you can use them . Personally , I believe that finding an independent agent -LRB- one not tied to a specific brand name company -RRB- is the way to go . We usually will have several companies that we work with , and through the interview process , can usually provide you with several accurate quotes right away . Plus , you have the benefit of having the policy explained to you , so you understand what you would be purchasing . I hope that helps , thank you for asking !


Input: Where To Compare Life Insurance Quotes?

Output: You can easily compare term life insurance quotes by going to a website that shows you quotes from multiple companies . If you pick a website with `` instant '' quotes , the quotes will come up comparing quotes from different companies , and you can then change variables to compare quotes on different policies within that company . Once you see a policy you are interested in , be sure to talk to someone at that agency , or communicate by email , so that you can be sure you qualify for that particular rate . No quote engine can cover every question , and you may find that there is an even lower price out there for you , or a policy that works better for your needs . But comparing quotes online is a good place to start .


Input: Where To Compare Life Insurance Quotes?

Output: It may be time consuming but pick your favorite 5 companies and call them and ask for quotes . Do you want a `` permanent '' policy or do you just want to cover the next 10 or 20 years . Are you trying to save money by have a `` cash value '' policy ? Is the policy just to cover you or also your spouse ? In other words , for the companies to give you a quote you need to decide what kind of policy you need .


Input: Where To Compare Life Insurance Quotes?

Output: Do you know what you want ? Are you sure ? A good agent can help answer all your questions and assist you in knowing how and what to decide . That is a major functions of a quality Life Insurance Agent . They are trained to gather the facts from you and make recommendations for you to select from . Do you want Whole Life or Term ? Do you know the difference ? How much coverage do you need ? Do you really know how to determine that ? How do you select beneficiaries ? If they are minors do you know how to ensure the money goes to them and not to Probate Court ? These are the types of things I can help you with .


Input: Where To Compare Life Insurance Quotes?

Output: The best place to truly compare life insurance quotes is to use an experienced independent life insurance broker with dozens of companies to shop . The problem with shopping rates online , almost all give you the best case scenario or best preferred rate , which less than 5 % of the population qualify for . It takes more than age , sex , state of residence and build to run a true quote . There are many other factors life insurance companies consider . Find someone you are confident and comfortable with before shopping .


Input: Is Medicare Secondary Insurance?

Output: If you only have Medicare A & B or Parts A & B plus a Medigap plan , Medicare is going to pay first . When you have more than one plan paying a claim , the process has to follow the coordination of benefits rules to determine who pays first and who pays second . The majority of the time , people who are on Medicare will have two types of coverage when they or their spouse works for an employer . Self-employed individuals will generally only be on Medicare and drop their under 65 policy -LRB- unless their spouse has group coverage they can be on -RRB- . How big the company is and whether or not the insured employee is working will generally determine who pays first . If the employer has 20 or more employees , the employer plan will pay first and Medicare second . If the employer has less than 20 employees , Medicare will pay first and the employer will pay second . If you 're on Medicare for a disability , the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees , Medicare pays first and the employer plan pays second . Please let me know if I can be of further assistance . Thanks very much .


Input: Can Health Insurance Deny You?

Output: Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker to review your plan options - we have an in-depth knowledge of products from various carriers and can help you determine which one will be most suitable to your needs and budget . Please let me know if I can be of assistance . Thanks very much .


Input: Can you get a Silvers Sneakers membership at the YMCA if you are on Medicare?

Output: From my understanding , you can get the membership issued through private insurance companies - so you would need to have a Medicare supplement -LRB- Medigap -RRB- plan or a Medicare Advantage plan that offers the silver sneaker membership . I do n't believe original Medicare offers silver sneaker membership . So if you 're only on Medicare Part A & Part B , you could add a Medigap plan that offers the membership . As to which carriers offer it , I believe it ultimately depends on what state you live in as some carriers offer it in some states and not in others . You can find out if your plan offers the membership on the silver sneakers website health plan locator . Here 's a link to their page : WEBSITELINK I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: What Is Survivorship Universal Life Insurance?

Output: The only thing that separates this from other policies is the word survivorship . What this means is that the policy covers at least 2 individuals and it only pays a benefit with the last one dies . Survivorship policies are usually smaller face amount policies taken out by couples with larger estates . The reason they do this is to use the death benefit to cover or offset estate taxes for their heirs . I have personally not seen one done with a universal life policy . Reason being is the cost . In a majority of cases , it would probably be more cost-effective to use a traditional whole life policy for this purpose .


Input: How Much Is Renters Insurance For A 1 Bedroom Apartment?

Output: The cost of Renters insurance is not based on the size of your apartment . Renters insurance is based on your territory , credit , claim history and your coverage limits . Renters insurance is usually very inexpensive and if you combine Renters insurance with car insurance you will get a discount on both policies .


Input: Who Will Be Exempt From Buying Health Insurance?

Output: According to the Affordable Care Act , the following individuals can claim a `` hardship exemption '' and not be forced to purchase health coverage or pay a tax penalty for not doing so : You were homeless . You were evicted in the past 6 months or were facing eviction or foreclosure . You received a shut-off notice from a utility company . You recently experienced domestic violence . You recently experienced the death of a close family member . You experienced a fire , flood , or other natural or human-caused disaster that caused substantial damage to your property . You filed for bankruptcy in the last 6 months . You had medical expenses you couldnt pay in the last 24 months . You experienced unexpected increases in necessary expenses due to caring for an ill , disabled , or aging family member . You expect to claim a child as a tax dependent whos been denied coverage in Medicaid and CHIP , and another person is required by court order to give medical support to the child . In this case , you do not have the pay the penalty for the child . As a result of an eligibility appeals decision , youre eligible for enrollment in a qualified health plan -LRB- QHP -RRB- through the Marketplace , lower costs on your monthly premiums , or cost-sharing reductions for a time period when you werent enrolled in a QHP through the Marketplace . You were determined ineligible for Medicaid because your state didnt expand eligibility for Medicaid under the Affordable Care Act . Your individual insurance plan was cancelled and you believe other Marketplace plans are unaffordable . You experienced another hardship in obtaining health insurance . There are other circumstances in which an indivdual would not have to pay the tax penalty , also known as the individual responsibility payment : Youre uninsured for less than 3 months of the year The lowest-priced coverage available to you would cost more than 8 % of your household income You dont have to file a tax return because your income is too low Youre areeligible for services through an Indian Health Services provider Youre a member of a recognized health care sharing ministry Youre a member of a recognized religious sect with religious objections to insurance , including Social Security and Medicare Youre incarcerated , and not awaiting the disposition of charges against you Youre not lawfully presentin the U.S. .


Input: Is FERS Annuity Taxable?

Output: Federal Employee Retirement System annuities are taxable once benefits are being received . The plans have no cost basis and all benefits received from the plan will be received as ordinary income and will be taxed as ordinary income .


Input: Does Medicare Cover Doctor Visits?

Output: Your Medicare Part B covers most doctor visits and much more . When you see your doctor for your annual exam , most if not all of it is covered in full with no copay or out of pocket for you . `` Sick '' visits that are medically necessary are also covered under part B.


Input: Where Can I Purchase Short Term Disability Insurance?

Output: Short term disability insurance can possibly be purchased from several carriers such as Mutual Of Omaha or AFLAC . It is , of course , quite different than a long-term disability policy . You may have coverage already through your employer . A full-time licensed broker is your best resource to review plans and apply for coverage .


Input: What Are Charitable Annuities?

Output: A Charitable Annuity is a Charitable Gift Annuity , an insurance product used estate planning for those benevolent grantors who have charitable intentions and seek tax advantaged income . It involves a contract between a grantor/donor and a charity . The grantor gifts cash or other assets to an IRS approved nonprofit charity , receives for a partial tax deduction and a lifetime annual income from the charity . When the grantor/donor dies , the charity keeps the gift .


Input: When Do You Become Eligible For Medicare?

Output: You become eligible for Medicare at age 65 , if you or your spouse have paid into Medicare the required amount of time in order to receive Medicare . There are a few ways to become eligible for Medicare under age 65 , including being on Disability for 24 months or being disabled due to ALS .


Input: What Does Split Dollar Life Insurance Mean?

Output: Split dollar is not a type of life insurance policy but rather , when used by a business , is an arrangement that allocates the policy benefits between the business and the key employee . Typically , the business assists the key employee by paying the premium while the key employee receives most of the policy benefits . The business ultimately recovers its total outlay from policy benefits . The employee receives a valuable life insurance benefit for a very low out of pocket cost .


Input: Where To Get Health Insurance Quotes?

Output: You have many options for getting a health insurance quote ; 1 -RRB- you can contact an agent who sells health insurance directly 2 -RRB- you can go online and find companies that will allow you to put in your information and get a quote 3 -RRB- you can contact a health insurance carrier , tell them you want a quote and they will direct you Health Insurance will be very competive as the months go by and we enter into 2014 when Obamacare changes will take effect . Look for a good agent now and compare policies , provisions and prices . You should be able to find a plan that meets your needs .


Input: Where To Get Health Insurance Quotes?

Output: Contact a local agent which will be able to inform you about the carrier and walk you through plans . My website is WEBSITELINK and you can get a quote from multiple carriers . Certain carriers are allowing new insured 's to have long contracts to avoid PPACA as long as they can .


Input: When Do You Get Medicare?

Output: You are automatically enrolled in Medicare Part A and B when you turn 65 , if you are receiving Social Security benefits at that time . You also get Medicare if you have been on Social Security Disability for 24 months or if you have End Stage Renal Disease or Lou Gherig 's Disease , with some qualifications .


Input: Is Long Term Care Insurance Smart?

Output: Like most insurance , it 's smart if you need it - and perhaps not so smart if you do n't need it . Unfortunately , we do n't have a crystal ball . So the question becomes ... would you rather pay a monthly premium or risk everything you own as well as possibly receiving lousy care ? Without long term care , you drag your family & friends into the equasion since somebody has to take care of you . We are a society that is living longer . I personally believe that long term care is perhaps the most needed , yet least purchased insurance . You 're on the right track by inquiring .


Input: Is Long Term Care Insurance Smart?

Output: Long Term Care Insurance is smart if your family has a history of longevity or has a history of crippling disease . Long Term Care Insurance is smart if you have an estate that you would like to protect from being spent on extended care needs . Long Term Care Insurance is smart if you want to make choices about your long term care : where to live , which agency to hire , the ability to pay a relative to care for you in your home , etc. .


Input: Who Should Purchase A Variable Annuity?

Output: The suitability of an individual to purchase a variable annuity should be determined by the licensed variable annuity agent before the plan is proposed . Typically , the individual who purchases a variable annuity is one that wants a hands-on experience . While there are many risk factors to consider a desire to have money in specific investment groups would also be a reason to purchase a variable annuity .


Input: Who Should Purchase A Variable Annuity?

Output: That is a great question ! Annuities can be a great part of a retirement plan , but they are n't suited for everyone , because of the type of investment that they are . Before an agent can legally sell you an annuity , they have to do a `` suitability analysis '' . In this analysis , we sit down and discuss your current financial status , your cash flow issues , and your tolerance for risk , among other things . If you are financially suited for the purchase of an annuity , it is often the risk tolerance that determines which type of annuity is best for you . If you have a very low tolerance , then a variable annuity would not be a suitable annuity for you , while a fixed annuity probably would be . If you had a moderate risk tolerance , but an aversion to losing money , the variable annuity again might not be suitable for you , but an indexed one might be . If you have a high risk tolerance , and like to play the market , and keep involved in the transactions , then this may be the annuity for you . I hope that answers your question , please feel free to drop me a line if you 'd like more details , ok ? Thanks for asking !


Input: What Are Financial Annuities?

Output: There are several types of annuities , and all have a financial purpose . These types are based on different criteria . Time of Payout : Immediate or Deferred Payment Type : Single Premium or Flexible Premium Investment Type : Fixed , Indexed or Variable Liquidity Options : Withdrawal Penalties or No Withdrawal Penalties Financial annuities is a term that would most likely encompass all of these .


Input: How Much Is Life Insurance For My Parents?

Output: Determining the price of life insurance for your parents depends on their age , health , and what type and amount of life insurance you are looking for . Most of the people who contact us for life insurance for their parents are looking for small final expense policies . This type of policy can usually be obtained with no exam and is Whole Life so that it will not end before death occurs . We also sell level premiums , meaning that the policy will not go up in price . Otherwise , there is a risk that the policy will become too expensive to hang onto until death occurs . For this type of policy , the price is approx $ 100/mo for a 60 year old man buying a $ 15,000 Whole Life policy that will not go up in price for the rest of his life . If there is a serious health condition , this price can be much higher , and rates will be substantially higher if the applicant is much older . Of course prices are lower if your parent is younger , and there are scores of other factors to consider . An agency that specializes in Senior Life Insurance can be helpful to find your parents life insurance that does what you want it to at the best possible price .


Input: How Much Is Life Insurance For My Parents?

Output: There are several variables that that need to be factored in to establish a premium price tag for your parents . The price tag depends on your gender , age , smoking status , health history , current medical condition , and prescriptions . A nonsmoking male age 60 and in good health will pay around $ 5700 a year for 20 year term life insurance for $ 1,000,000 of coverage . -LRB- Female same scenario $ 3900 . -RRB-


Input: What Is A Mutual Life Insurance Company?

Output: A mutual company is a company owned by the policyholder rather than stock holders . A mutual company will pay its excess profits back to the policy holder in the form of dividends . A stock company pays its dividends to the stock holders . While mutual companies premiums may be just a little more than a stock company , the cash value , because of dividends , can be far greater and more options are available within the policy .


Input: What Is A Mutual Life Insurance Company?

Output: Mutual life insurance companies are owned by the companys policy holders , in contrast to stock life insurance companies , who are owned by their stock holders . Mutual life insurance companies maintain a board of directors that declare an annual dividend to their policy holders . A dividend is a return of unused premium . During the early formation of the US , mutual companies were less expensive to capitalize than stock companies , so there was a proliferation of mutual companies . But in recent times there has been a movement in the industry to demutualize to attract more capital .