Input: Which Life Insurance Is Best In California?

Output: There is no one company that has the best product all the time . Life insurance can be custom designed to meet your specific needs and for this reason no one company or product can be declared best . To figure out which company and product is best suited for you , you should seek out the services of an agent licensed to do business in California who can show you several companies and products so you can compare and decide which one is best for you .


Input: Which Life Insurance Is Best In California?

Output: The best life insurance in California is the one that best suits your needs . If you have a health problem , there are a number of companies in California that specialize in impaired risk life insurance . If you have perfect health , there are many good companies that will charge you within a few dollars of one another . The best way to find out your best life insurance is to call an agency , explain your health and the purpose of your life insurance , and let them guide you through some choices . There are many agencies that serve California on the internet or you can look in the Yellow Pages .


Input: Which Life Insurance Is Best In California?

Output: The best life insurance in California is the policy that is in force the day that you die . It will pay the face amount of the policy minus any policy loans you might have taken previously . To find this policy locate a trusted life insurance agent . That agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company .


Input: Which Life Insurance Is Best In California?

Output: That is a great question ! The best life insurance company is the one that gives you the best coverage for the lowest price , and suits your needs . What you really want to do is find an independent agent -LRB- one not tied to a specific brand name -RRB- who can walk you through several options and quotes . Thanks for asking !


Input: Which Life Insurance Is Best In California?

Output: Best is a relative term . It will all depend on what you need . You can get various types of life insurance in California but the criteria is your personal financial situation . You need to have your financial objectives assessed and then put together a plan where insurance can help you to achieve it .


Input: Can My Husband Drop Me From His Health Insurance?

Output: Can a spouse drop the other spouse from thier health plan ? Usually no without your permission . Unfortunately , this happens in cases of divorce or just prior to . A good HR person will get the request in writing where it should state that if the spouse is being dropped from coverage , their signature should also be on the form when turned in .


Input: Can You Borrow From A Universal Life Insurance Policy?

Output: Yes , you can borrow from a universal life policy if there is available cash value to borrow from . Just remember that there are fees involved in borrowing -LSB- such as interest -RSB- that will directly affect your cash value balance . Borrowing from your cash value may be better or worse than borrowing from a bank or other financial institution . Compare the costs of funds before making your final decision .


Input: Can You Borrow From A Universal Life Insurance Policy?

Output: A Universal Life Insurance Policy must have accumulated cash values before you can borrow money from it . The policys performance , policy expenses and surrender charges come into play . Keep in mind that although its your money , the life insurance company charges interest rate and they are differing loan provisions per policy : zero net cost loans , wash loans , spread loans and participating loans .


Input: Does Medicare Pay For A Home Blood Pressure Monitor?

Output: I do n't believe Medicare will cover an at-home blood pressure monitor . It does not appear to be listed on Medicare 's website as durable medical equipment . Upon a little research , it looks like there are a couple of exceptions to have it covered by Medicare : 1 -RRB- a patient receiving blood dialysis in the home . 2 -RRB- an ambulatory bp monitoring device that takes/stores bp readings in 24 hour cycles for a patient who a doctor believes has `` white coat hypertension '' -LRB- artificially high bp readings when taken in a doctor 's office - based on multiple testing completed in an office and out of an office -RRB- . If you meet either of these and Medicare approves coverage for the device , it would be covered under Medicare Part B and the monitor would then need to be rented from a Medicare-certified medical equipment supplier . Medicare would then cover 80 % of the expense and you would be responsible for 20 % of the expense -LRB- if you have a Medigap plan , it would then likely cover all or a portion of that other 20 % -RRB- . If you 're under a Medicare Advantage plan , it may provide benefits not covered under original Medicare so it would be good to check with your carrier . If Medicare does not cover the device , you will be responsible for the cost of the monitor . I hope the information is helpful - please feel free to contact me with any other questions . Thanks very much .


Input: When Is Life Insurance Subject To Income Tax?

Output: Life Insurance subject To Income Tax in business situations where the death benefit proceeds are paid into a business entity , sometimes even characterized as a preference item triggering the alternative minimum tax . Life insurance income recognized as gain can also be taxed where the policy is issued as a modified endowment or surrendered with gain that was loaned and received as well as internal policy loans beyond basis .


Input: Does Auto Insurance Cover A Blown Engine?

Output: Probably not . Insurance is designed to protect you against certain causes - and normally , poor maintenance is NOT a covered loss . Typically coverage is afforded for windstorm , hurricane , hail , malicious mischief , vandalism , riot , civil commotion , fire , theft , flood and rising waters . It would also cover you for Collision or Upset of the vehicle .


Input: Does Auto Insurance Cover A Blown Engine?

Output: A typical auto insurance policy will not cover a blown engine in a vehicle . If you have a maintenance or repair endorsement on your policy , then you may have some coverage . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What To Do When Homeowners Insurance Drop You?

Output: That is a great question ! I hope that it never happens to you , but if it does , you do have options . First I 'd see if the company that dropped you will allow you to be reinsured , if you make some changes in the policy - maybe you agree to a higher deductible , or lower coverage , for example . Many times the mortgager will offer an emergency coverage , until you can get another company to insure you . In the worst case , many States offer a last chance insurance policy , and you can see if your State is one of them . Good luck , and thanks for asking !


Input: What To Do When Homeowners Insurance Drop You?

Output: Jim is correct . Many states have a FAIR plan , which will pretty much insure anyone , but the costs may be higher . Also , a professional insurance Broker should be able to find you alternative companies . I have placed many people through insurance companies that specialize in high risk policies , the costs are higher but over time you can earn better rates by keeping a nice looking home and by being claims free . Shoot me an email with specifics at WEBSITELINK


Input: What Is Supplemental AD&D Life Insurance?

Output: This would be an additional policy probably offered by your employer or credit union that offers life insurance that covers only Accidental Death and Dismemberment . This means it will only pay if you die in an accedent or loose a body part such as a hand , arm foot or leg . These are usually very inexpensive and not a bad supplemental policy for younger ages . They should never take the place of a full Life insurance policy however .


Input: What Is Supplemental AD&D Life Insurance?

Output: Supplemental AD&D -LRB- accidental death and dismemberment -RRB- policies are very expensive plans when you weigh the benefit against the likelihood of paying a benefit . Many times banks will offer you a free AD&D plan with your account . Free is fine but I would never suggest buying additional coverage , not matter how small the premium .


Input: What Kind Of Health Insurance Plan Should I Get?

Output: That 's a very subjective question ... . like asking `` what car should I get '' ? It depends on your specific needs and budget . That 's why it 's best to work with a licensed agent , who can help you navigate to the best plan FOR YOU . Since the Affordable Care Act began , the plans have become standardized , so you only have to deal with dozens of plans instead of hundreds . But there are still variables like doctor networks and cost to consider . So bottom line , there is no single answer . But a licensed insurance professional will definitely make things a lot simpler for you and help you get the right plan


Input: When Is Life Insurance Denied?

Output: There are a variety of reasons why life insurance would be denied to a potential insured applying for coverage : Medical issues , no financial justification , the recreational activities are too dangerous , there is no insurable interest , the travel destination during the next two years is too dangerous , the driving record is too egregious , drug abuse , vocation hazard , etc. . There are reasons that a death claim would be denied like fraud or suicide in the first two years . In the first two years after the policy has been kept in force there is a contestability period for suicide , misrepresentation and fraud . Keep in mind that certain life insurance companys death claim due diligence processes may continue after the two year contestability period based on some forms of fraud and criminal activity surrendering the insureds death . If it feasible that a life insurance company to experience financial problems , fall into receivership of the state -LRB- a form of bankruptcy -RRB- and affect claims paying ability .


Input: When Is Life Insurance Denied?

Output: Life insurance is denied when the applicant does not qualify for the policy they applied for . This is also called a decline . Using an experienced agent can greatly reduce your chance of being denied , especially when you have a health condition or other risk factors . Far too many declines happen simply because the applicant was misled or did not read the fine print . Talking to a trusted agent and being upfront with them is your best defense against being denied for life insurance .


Input: When Is Life Insurance Denied?

Output: To purchase life insurance , you must qualify medically and financially . Every life insurance company has their own guidelines and criteria for qualification . Financially , you must have a certain amount of income or assets to qualify for the amount of insurance that you are purchasing . When it comes to health underwriting , only the most serious illness are outright denied such as HIV and certain cancers . If the condition is not too serious , the company may offer you coverage , but charge a higher premium . It is important to speak to a knowledgeable advisor who can assess your situation and recommend a company that will provide the most favorable underwriting for your unique situation .


Input: Which Insurance Company Has The Best Homeowners Insurance?

Output: The best homeowners insurance is the policy that is in place when you have a claim . If the limits of the policy are adequate to take care of the claim that is even better . What you paid for the policy doesnt matter . The name of the company doesnt matter . Contact an agent , one that will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Get the coverage in force and then relax !


Input: Who Can Purchase Life Insurance?

Output: Anyone who can prove insurable interest between the insured and the beneficiaries as well as justify the amount of coverage may apply for life insurance coverage . The second condition is your health condition . Life insurance is a mortality product . Your premium will be a function of your health , the healthier the insured , the lower the premium .


Input: Who Can Purchase Life Insurance?

Output: Anybody can apply for life insurance , but you must be approved to actually purchase coverage . Typically , you must have a specific need for coverage or an insurable interest . You also must be able to afford the policy you are contemplating buying and you may need to answer medical AND financial questions . Often , a physical is also required .


Input: Who Can Purchase Life Insurance?

Output: Insurance is based on a couple of factors including age , current health , smoker or not , weight , amount requested , etc. . Anyone who can qualify can apply for and typically purchase life insurance . You must have what is referred to as `` Insurable interes '' in order to apply . That means that you must personally experience some form of economic loss in the event of death . Its best to apply while you are younger , healthy and no histroy of hospitalization if possible although we can also insure people who dont fit exactly into that catagory .


Input: Does Aarp Offer Long Term Care Insurance?

Output: AARP does not offer long term care insurance at this time . They were offering it up until recently , but have temporarily suspended that , and are researching other options . The AARP website still presents advice on how to select a good long term care plan and continues to offer their other insurance products .


Input: Who's The Best Homeowners Insurance Company?

Output: The best homeowners insurance company is the one that pays when you have a loss . No other policy will pay anything . The very best policy is one that will restore everything you lost -LRB- subject to a deductible -RRB- regardless of the cause of the loss . The place to get this superior product is from a trusted insurance agent .


Input: What Equipment Is Covered By Medicare?

Output: Medicare will cover medically necessary Durable Medical Equipment . the key here is Medically necessary . Medicare may pay for a wheelchair for one person but not another , for example , depending on the reason for the wheelchair . It will pay for diabetic monitors . It may pay for lift chairs if there is a medical necessity . You need to have a doctors prescription and any DME must go through an approval process by Medicare .


Input: About How Much Does Full Coverage Auto Insurance Cost?

Output: The cost of auto insurance is based on several factors including your driving record , claim history , type of vehicle , credit score , where you live and how far you travel to and from work . I would recommend working with an independent agent who can shop several companies to find the best policy for you .


Input: About How Much Does Full Coverage Auto Insurance Cost?

Output: The cost can very by state and diffrent factors . Your driving record , type of car you drive , your age . Also if you have other policy with the compay your price would be lower . But typically it would range beteen $ 80-200 a month . You can talk to a local broker who can shop around for the best price and the best coverage for you . Good luck


Input: Does Renters Insurance Cover Bug Infestation?

Output: Renters or homeowners insurance will not cover bug infestation of any kind or damage caused by insects . Any damage or infestation caused by insects , rodents and vermin are excluded from property polices . If you have a specific scenero I always recommend you discuss the details with your local insurance agent .


Input: Does Renters Insurance Cover Bug Infestation?

Output: It is always best to check with your Insurance Profesional about the terms and conditions of your policy , but in general , no this would more than likely not be covered . Renters ' policies , much the same as other propery policies like Homeowners ' or Condo Unit Owners ' policies , will list both the perils covered and those excluded . Generally speaking damage caused by insects and vermin are excluded .


Input: Why Can't We Buy Health Insurance Across State Lines?

Output: Why ca n't we buy health insurance across state lines ? What difference would it really make ? Insurance pricing , what you pay is based on the cost of care in your zip codes . There is no saving to be had from buying in another state , this is a confused myth created by people who do n't understand health insurance . The cost of your care is priced on where you live , not where someone else lives . Think about it for a second and it will start to make sense . Why would an insurance company underprice the premium in an area where medical claims costs are high ?


Input: Why Can't We Buy Health Insurance Across State Lines?

Output: Health insurance is regulated by each state . Before you can buy a policy in Georgia -LRB- as an example -RRB- a carrier must file their policy form and rates with the state Dept. of Insurance and wait on approval . This is a long and costly process . About a year ago GA passed a law that allowed carriers to market products from other states in Georgia . So far not a single carrier has filed for approval to sell in Georgia . Despite what some people believe , even if you were able to buy coverage from another state the savings would be nominal , if anything at all .


Input: Where Do I Get Medicare Part D?

Output: You can do it yourself online at Medicare.gov or contact a local independent agent who specializes in the needs of seniors . The advantage of a local agent is that he is familiar with the plans in your area and can help you navigate the Medicare website . Every plan is different and will have a different list of covered drugs -LRB- formulary -RRB- . Make sure the plan you choose covers your drugs and pharmacy .


Input: Does State Farm Renters Insurance Cover Bed Bugs?

Output: I do not believe any insurance carrier will cover an insect infestation . It is typically expected that the property owner and the tenant will take the necessary precautions to prevent insect infestations . This would not be a typical covered risk which is fire , smoke , lightning , wind to mention the major ones . Please remember every policy and carrier is different . Read your policy completely to understand the coverage provided and any exclusions that it may contain .


Input: Does State Farm Renters Insurance Cover Bed Bugs?

Output: Bed bugs are considered a vermin . Typically all homeowners and renters insurance policies do not cover vermin along with other specified exclusions . Please read your policy completely to understand the coverage provided and any exclusion that it may contain or contact your local agent to have them go over the policy with you .


Input: How Many People Are Currently Enrolled In Medicare?

Output: Currently about 48 million people are on Medicare . Most are age 65 or older , but some are on Medicare due to disability . If you qualify for Medicare you can stay in the original system and purchase a Medigap plan to cover your out of pocket Part A and B expenses .


Input: How Much Life Insurance Should A Startup Founder Have?

Output: That is a great answer Tim . I would only add that if a startup founder is concerned how much life insurance he or she should have then another thing to consider would be what the need at home is . As Tim pointed out , having enough life insurance to cover you as a key man or to pay for the business through a buy/sell agreement is a good idea . However , assuming the founder has a family , and if the startup founder does not have life insurance , then starting with life insurance to cover the needs of your family should be your number one priority . Once the business gets up and running you can either take out more coverage or replace your existing coverage . However , take care of those who you value most first .


Input: How Much Life Insurance Should A Startup Founder Have?

Output: The start-up founder of a company lives in two worlds . One is the personal world of his family . His obligations there are great but different from those of a business head . Most companies need capital to start and expand their business . They will approach a bank or private lender and often will be asked a question about their life insurance . If a start-up business loses the founder in the early days it is difficult , if not impossible for the business to survive . Any lender will want enough life insurance to make sure that loans and obligations are paid . If the loan being made considers the founder a vital asset of the company , they will require life insurance with and that they are named as additional insureds to the amount of the loan being made . If the founder also is the secret ingredient in the business any lender will require life insurance to make sure that there is sufficient capital to replace that individual . Companies often fail when key people die . One of my clients was murdered and in a few months the business collapsed .


Input: How Much Life Insurance Should A Startup Founder Have?

Output: If you are starting a business you will either need buy/sell life insurance for a partnership or key man life insurance for sole proprietor . Start ups can be tricky . You must calculate the capital infusion and sales if any . You may need a third party audit to place a value on your business . Once you have that number , that should be near your face amount or in partnerships valued equally divided by the percentage of ownership . You may want to save money and start off with a 10 year term and repurchase in a couple of years once annual sales are established . Good luck and congratulations !


Input: How Much Is A Medicare Advantage Plan?

Output: Medicare Advantage plans are usually zero premium or $ 30 to $ 40 monthly depending which plan you sign up with . You still have to pay your Medicare Part B premium even though you wo n't be covered by Medicare Parts A & B during the time you are on Medicare Advantage which is Medicare Part C .


Input: How Much Is A Medicare Advantage Plan?

Output: Medicare Advantage plans are similar to traditional major medical plans in that they have copay 's and deductibles . But the difference stops there . Most Advantage plans have networks . Some networks are local while others are regional . Some Advantage plans only include coverage if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions are made to the out of network penalty for true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment . In most areas less than half the doctors accept ANY Medicare Advantage plans . Even if your doctor does accept Advantage patients they may not participate in your particular plan .


Input: Is Disability Insurance Included In Cobra?

Output: No , unfortunately , neither Long Term Disability Insurance nor Short Term Disability Insurance is included in COBRA . The `` Consolidated Omnibus Budget Reconciliation Act '' enables the continuation of health plans only . The health plans include health insurance , dental insurance , and flexible spending plans . Life insurance and Disability insurance is not covered .


Input: Does Life Insurance Check For THC?

Output: Each carrier has their own underwriting guidelines . When it comes to drug use , every carrier is going to be different and they will almost always ask for a drug questionnaire to be completed with the application . Some of the questions they may ask would be in regards to the type of drugs used , how often do you use them , any arrests , etc. . If you 're using drugs or have used them in the past , you want to shop the case through an independent insurance agent because you may get different responses from different carriers for the risk class they may consider for your policy .


Input: Does Life Insurance Check For THC?

Output: There are many qualifying and disqualifying factors in buying a life insurance policy . But i think it 's not about a certain health problem you may have . I ` ts really about which life insurance company will give you the policy no matter what condition . It may cost you higher premiums but you will have a policy . I think the next step would be to speak to an expert insurance agent who can match you up with the right company to buy your life policy .


Input: What Is The Best Medicare Advantage Plan In Ohio?

Output: Great answer from Tracy ; the best Medicare Advantage Plan will likely be the one that best suits your individual needs , and must be a plan that is available in the county which the consumer resides . For example , the best plan for an individual with certain chronic conditions may a chronic special needs plan . A knowledgeable licensed broker can help determine the optimal plan for a consumer . One thing you can do is ask about the plan 's star rating . The Five Star Quality Rating System for Medicare Advantage Plansis run by the Centers for Medicare and Medicaid Services -LRB- CMS -RRB- , and was put in place as part of an effort to help educate consumers on quality and make quality data more transparent . The ratings consist of over 50 measures hailing from 5 different rating systems which rate Medicare Advantageplans according to 5 domains : staying healthy via preventive services such as screenings and vaccines ; managing chronic conditions ; ratings of plan responsiveness and care ; complaints , appeals , and voluntary dis-enrollment ; and telephone customer service . Data to support these star ratings come from surveys , empirical observation , administrative -LRB- claims -RRB- data , and medical records . Based on criteria provided in technical specs outlined by CMS , rates and scores are calculated and stars are awarded on a contract level . CMS Stars ratings are published annually and are available for viewing by all Medicare members prior to Open Enrollment .


Input: What Is The Best Medicare Advantage Plan In Ohio?

Output: There really is no one carrier or plan that is the `` best '' Medicare Advantage Plan or carrier in Ohio . Although most of the benefits are standard among insurance carriers , it is best to talk to an experienced licensed independent broker here in Ohio who has access to multiple quality carriers . It is very important to ask questions to the broker you speak with to understand how medications are covered as well as completely understanding what is considered in network , out of network , deductibles and items not covered . Thanks


Input: In Graduate School How Long Can I Stay On My Parents Insurance?

Output: Under the provisions of the Affordable Care Act -LRB- ObamaCare -RRB- a dependent child can be covered on their parent 's health insurance policy until they turn age 26 . After you blow out the candles on your birthday cake when you turn 26 you have 60-days to obtain your own health insurance coverage . If you fail to do so within that 60-day period then you will be unable to enroll in ObamaCare compliant major medical insurance until the next open enrollment period for an effective date of the first of the year . In 2014 the open enrollment period begins on November 15th and the earliest date your coverage could go into effect would be on January 1 , 2015 . If you have missed your 60-day enrollment window then you could possibly take out a Short Term Major Medical policy to cover you until you can enroll in ObamaCare compliant coverage . Please be aware that Short Term Major Medical policies do not cover pre-existing conditions , some can decline you for coverage entirely , and they do not meet the individual mandate requirements of ObamaCare for the purposes of avoiding the individual mandate tax penalty .


Input: What Is The Best Medicare Rx Plan?

Output: The best Medicare Part D plan for you is the plan that results in the lowest amount of expense to you based on the prescriptions you take . If you do n't currently take any prescription drugs , then it is the plan with the lowest premium . To determine which plan you should have , go to CMS.gov and enter your prescriptions . It will display all of the Part D plans available in your state and the estimated annual cost to you based on your prescriptions . Justchoosethe least costly plan .


Input: Can You Go To Jail For Not Having Health Insurance?

Output: No , under the mandate you will not go to jail . You will be paying a penalty however that is tacked on to your income tax . Refusal to pay taxes can result in fines or imprisonment whether it involves health insurance or not . You have to decide whether you are going to pick up health insurance or pay the penalty .


Input: I Was Denied Health Insurance What Do I Do?

Output: When were you denied health insurance ? In the United States under the new Affordable Care Act all pre-existing conditions that are medically necessary are covered . That began on Jan 1 , 2014 . Are you sure that you were not declined for Life Insurance because its not the same thing . Life Insurance is still based off of your health condition and other variables . Also one might be confusing not eligible for a subsidy through the heathcare.gov website but you are still able to purchase the plans without the subsidy .


Input: Can Creditors Go After Life Insurance?

Output: Creditors can go after life insurance proceeds that are left to the estate . Probate is the process of administering an estate , and when the death benefit from life insurance is left to the estate , those funds are in the pool , and during probate , creditors will go after their share . If life insurance is left to a person as a beneficiary , that person who collects the money is not generally liable for paying the debts of the person who died . State laws differ and there are variations that can affect this , but the general rule is that creditors for the deceased can not go after the life insurance the deceased person left to you .


Input: Does Homeowners Insurance Cover Theft From Car?

Output: Yes , it may . Homeonwers insurance policies typically provide up to ten percent of the policy amount to cover personal items that are not located at your premise . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Are Retirement Plan Distributions?

Output: Distributions from qualified retirement plans are classified as oridanry income and taxed at the effective tax bracket rate of the plan participant . Distributions before age 59 1/2 are assessed a 10 % penalty . And in addition , required minimum distributions at age 70 1/2 are mandatory . Qualified plan distributions are also included in the provisional income test for taxation of Social Security .


Input: What Happens To Health Insurance When You Quit Your Job?

Output: When you lose or quit a job that supplies you with benefits like health insurance you have a couple of options . First you can pick a short term medical plan that usually will last for 6 to 12 months that would close the gap while searching for a new job . Secondly , you may just apply and sign up for an Obamacare plan outside of the open enrollment period because it is considered special circumstances . If you do n't qualify for a subsidy the short term medical may be a better alternative .


Input: Why Is Classic Car Insurance Cheaper?

Output: Great Question on classic car insurance . Normally classic car insurance offers limited use on the car or miles so the insurance company has a restriction on the use of the car . You have to have a second car to drive on a daily basis to quality for classic car insurance so that is why the premium is less on that type of insurance .


Input: Is renters insurance worth it?

Output: All insurance is a matter of statistics . If you have the financial resources to cover the loss of all your personal property and pay the expense of a lawsuit for personal injury or property damage that comes from renting a unit , then you dont need a renters policy . However , if you can not meet those obligations a renters policy provides an inexpensive alternative . You then share that risk with thousands of other renters .


Input: Is renters insurance worth it?

Output: When you rent a property , you can buy renters insurance . These policies protect you in two different ways . First , if the belongings in your rental property get stolen or destroyed , the rental insurance will replace them . Second , if someone gets hurt in your rental home and sues you , the rental insurance will protect you . By offering both these areas of coverage , a renters insurance policy is worth its cost . Whether an insurance policy is worth buying depends on the size of the risk it is covering . You want to insure assets that you couldnt afford to replace on your own . This is why you would buy insurance on your house but not on a $ 20 pair of pants . If renters insurance just covered your belongings , it would be a close call . Renters insurance is fairly inexpensive but replacing your personal property is a fairly low cost . While its nice to have all your belongings protected , this is the type of risk you can insure yourself with your own savings . The potentially greater value of rental insurance is its liability coverage . If someone sues you and wins a judgement , you can potentially lose everything you own . By making a small investment in renters insurance , you protect yourself against the rare but catastrophic risk . When you consider both sides of renters insurance , this coverage makes sense . By making this small investment , you make sure that your rented home wont ruin you financially .


Input: Is The 401K The Same As An IRA?

Output: Both of these plans involve pre-tax contributions . A 401 -LRB- k -RRB- is an employer sponsored plan . It is compliant with ERISA and is governed by a plan . An Individual Retirement Account -LRB- IRA -RRB- is an individual plan that is not related to your employment . The limits to the program are prescribed by the Internal Revenue Code . The 401 -LRB- k -RRB- plan may have employer contributions , the IRA does not . The 401 -LRB- k -RRB- plan has much higher limits that participants can make to the plan . A non-working spouse can have an IRA .


Input: How Can I Afford Health Insurance?

Output: The easiest way to afford health insurance is to qualify for the new Obamacare federal subsidy . It 's based on household income , and you could receive enough money to pay for most , or possibly all of your premium . An experienced broker -LRB- along with our websites -RRB- are perhaps the best and most trusted resources to help determine if you qualify for the subsidy , calculate it , and compare the cheapest available healthcare options .


Input: Is Tree Removal Covered By Homeowners Insurance?

Output: Having a tree removed for maintenance purposes is not covered by you 're Homeowners ' Insurance . That having been said , If that tree has been determined to be dead or diseased and might threaten your neighbor 's house if it fell , for example , and you do nothing about it , then if that did occur , you would be legally liable for any damage and subject to coverage under the Liability portion of your Homeowner 's policy . That would pay for the damage and legal fees , if necessary , and perhaps the clean up , but it is a good idea to discuss this with your Insurance Professional .


Input: Is Tree Removal Covered By Homeowners Insurance?

Output: IF you are looking to your homeowners policy to cover maintenance on your property , you will not find relief . The policy provides coverage for damages from specific perils . However , if a tree fell onto your house , the removal of the tree would be covered under debris removal . Keeping an unsafe tree on your property could prompt your insurance company to non-renew your coverage , so it should be dealt with as soon as possible .


Input: What Is The Most Affordable Home Insurance?

Output: Like all other types of insurance , there is no one company that is `` best '' or `` most affordable '' home owners coverage for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . With property and casualty coverage such as home owners or auto insurance , you can normally get a better deal when purchasing coverage for more than one item . For example , I have my car and my home both covered on policies with Auto-Owners Insurance company . With the multi-policy discounts I receive , I actually pay less to insure my home and car than I would pay to insure my home , if that was the only policy I carried with that company . While that may sound illogical , if not unbelievable , it is true , and is a very smart approach to take to make sure you keep as much as your hard earned money in your pocket as possible .


Input: What States Is Car Insurance Mandatory?

Output: As Mr. Harris indicates , car insurance is mandatory in all States . Mandatory auto insurance limits vary by State , however . The specific limits for your State can be found on your particular State 's Insurance Commissioner website or by simply searching the web for auto liability limits , with the name of your State . Limits vary from $ 10,000 / $ 20,000 / $ 10,000 in Florida -LRB- Yikes ! -RRB- to $ 50,000 / $ 100,000 / $ 55,000 in Wisconsin . The first two dollar amounts are for bodily injury from an accident and the third amount is for property damage to others , from that accident . For example : Using Wisconsin limits , In an insured driver 's liability situation , the policy would pay no more than $ 50,000 to any one injured person but no more than $ 100,000 , no matter how many people were injured . So , if three people were injured and two of them received $ 50,000 each , the third injured person would not be collecting from the policy , since the $ 100,000 limit would have been exhausted . As for the property damage to others , the policy would pay no more than $ 55,000 in total to one or more claimants . .


Input: What States Is Car Insurance Mandatory?

Output: Car insurance is mandatory in all states -LRB- I assume -RRB- . However , you can also provide financial responsibility in many areas . This is when you provide proof that you have sufficient funds to pay a certainamountof damages in the event you were held liable for an incident . Personally , I do remember writing an article earlier this year about car insurance in Alaska . From recollection , there are areas in that state where car insurance is not required .


Input: What States Is Car Insurance Mandatory?

Output: As my colleagues have said , it is safe to say that car insurance is now mandatory throughout all 50 states . However , it is important to note that each state has the authority to set it 's own requirement for minimum amounts of coverage . Connecticut , for example , has set a minimum liability requirememt of $ 20,000 per person / $ 40,000 per accident for boidily injury and $ 10,000 for property damage . Also required is uninsured/under insured motorist coverage with a minimum that matches the bodily injury amount . In other states , the minimums may be different . Talk to your Insurance Professional about your state 's requirements but more importantly about what coverage amount best meets your protection needs .


Input: How Long Is A UM Rejection Valid?

Output: Only one UM rejection letter at the start of the policy is needed . Your coverage will stay like this until you request to add the coverage to your policy . `` Full coverage '' -LRB- I 'm not a fan of that term -RRB- has nothing to do with UM coverage . Full coverage refers to having comprehensive and collision coverage on your vehicle . The reason you sign a UM rejection letter is to acknowledge that you were offered UM coverage , but did n't want it . A lot of injured drivers later go on to file suit against their agent , claiming that they were n't offered coverage . This rejection letter simply covers the agent from that happening .


Input: Why Is It Important To Get Renters Insurance?

Output: Renters Insurance is an essential form of liability protection for renters that are concerned about protecting themselves from the result of what could be perceived as a negligent act . For example , there could be a smoke damage claim , a fire claim , a water damage claim or perhaps a slip & fall involving neglgence . The Landlord and in the case of an apartment , other tenants , could bring legal action against a renter . The only form of protection in such a case would be liability insurance provided as a section of your Renters Insurance . In some States and jurisdictions , Renters Insurance is a requirement on all lease agreements -LRB- standard -RRB- due to the court system being inundated with unnecessary law suits which could be settled by insurance . Renters Insurance is very inexpensive ; if one does n't wish to cover their own personal belongings , they could purchase only the minimum Personal Contents requirement but it would be recommended to purchase the maximum amount of Liability Insurance which in many cases would only be approximately $ 25 - $ 50 difference per year . For quotes in CA , AZ or NV , you may obtain a quote at the following link : WEBSITELINK


Input: Does Medicare Cover Nursing Home Alzheimer's?

Output: Medicare is designed to provide benefits for certain healthcare related expenses . Part A covers hospital stays , and Part B covers doctors services , medical supplies , and outpatient care . Nursing homes primarily provide for long term care needs - assistance with the activities of daily living . Medical care provided by the nursing home may be covered such as skilled nursing care , and rehabilitation services . But the cost of the residence , meals , and unskilled nursing are not covered by Medicare regardless of the diagnosis .


Input: Does Medicare Cover Nursing Home Alzheimer's?

Output: Medicare does not cover skilled care in a nursing home over a certain number of days . Considering that Alzheimer 's can be debilitating , yet progress slowly , it is common for persons with Alzheimer 's Disease to live for years in a skilled care facility with just minimal assistance from Medicare . Purchasing Long Term Care Insurance can provide the funds needed to hire help at home or pay for housing in a facility designed for persons with Alzheimer 's .


Input: Does Health Insurance Cover Breast Lift?

Output: Generally breast lift is not covered by health insurance unless it is medically necessary ie . back strain or medically necessary procedures it more than likely depend on how it is coded by your doctor however if it is a cosmetic purpose more than likely the answer is no . It will need to be approved first before the procedure is done by your health insurance provider .


Input: Does Health Insurance Cover Breast Lift?

Output: It is highly unlikely that a breast lift would be covered as such a procedure is generally considered cosmetic in nature . For such a procedure to be approved medical necessity would have to be demonstrated . There are some circumstances where back/neck/shoulder problems can be traced to very enlarged breasts and a case for medical necessity for breast reduction surgery has successfully been made . But , if you are just losing the battle with time and gravity you should not expect a breast lift to be covered by your health insurance .


Input: What Can Void Life Insurance?

Output: The first two years of a life insurance policy are called the contestible period . During these two years , if death occurs , the insurance company will likely review the life insurance application to make sure everything was answered in a forthright and correct manner . If the applicant lied about something on the application , or withheld some important facts , the life insurance may become void , although the premium is usually returned . Also , suicide during the first two years will void a life insurance payout .


Input: How Does Car Insurance Groups Work?

Output: Car insurance groups -LRB- this terminology is used mostly in parts of Europe -RRB- vehicles according to their risk . Although we do the same thing here in the US , we tend to use different descriptions for the classifications . A broker that is experienced in these types of groupings can tell you where your vehicle should be placed .


Input: Who Is Eligible For USAA Life Insurance?

Output: Persons who are members of USAA are eligible for USAA life insurance . Here are some ways to be eligible -LRB- only one is necessary -RRB- : 1 -RRB- You are an officer or enlisted personnel in the US military , or are retired or honorably separated from that service . 2 -RRB- You are an officer candidate in a commissioning program -LRB- Academy , ROTC , OCS/OTS -RRB- . 3 -RRB- You are an adult child whose parent has or had a USAA auto or property insurance policy , or a widow or widower of a USAA member who had a USAA auto or property insurance policy .


Input: Can Drug Addicts Get Life Insurance?

Output: Current drug addicts can get life insurance if the policy is a guaranteed issue policy . There is a minimum age for this type of coverage that is usually age 40 + and the policy will be graded during the first few years for all but accidental death . Drug addicts who are currently using drugs can also get accidental death coverage . This type of insurance will usually only pay the death benefit if death is caused by accidental death not related to drug use , and it will not pay for death due to natural causes of any kind . Drug addicts who have gone through treatment and have had a number of years pass since they used drugs can get simplified issue life insurance that may or may not be graded . If the drug treatment was long ago with no relapses , recovered drug addicts can even qualify for medically underwritten coverage .


Input: Can Drug Addicts Get Life Insurance?

Output: Assuming you mean current addiction or recent addiction that answer is no . The life application specifically asks about prescription drugs and/or illegal drugs . Any misrepresentation can void the contract . In addition : the urine analysis will also test for drugs , a highly effective detection system that will screen for a variety of pharmaceuticals .


Input: Will Medicare Premiums Go Up In 2014?

Output: It is unknown whether Medicare premiums will go up in 2014 . Medicare rates changes for the following year are announced about the middle of October or November of the year before . To see what the premiums will be in 2013 check the Medicare.com website about midway through the fall of 2013 .


Input: What Does Renters Insurance Cover, And How Cheap Is It?

Output: Great question ! Renters Insurance covers your personal belongings in case of a fire in the rental unit or theft . There will also be a coverage for Loss of Use and Personal Liability . Loss of Use will pay for your needs to live somewhere else for a short period of time if the rental is not livable after a covered incident . Thanks !


Input: What Does Renters Insurance Cover, And How Cheap Is It?

Output: Most people consider purchasing renter 's insurance to cover their personal belongings - most renter 's policies will pay for the loss of personal property due to theft , vandalism , fire , etc. . However , a renter 's policy can also provide coverage if you are personally liable for injury to another person or damage to their property due to a non-vehicle related incident . In addition , a renter 's policy may also pay for `` loss of use '' due to a covered loss , meaning if you are forced to temporarily relocate due to said loss , there may be coverage for related expenses . Renter 's insurance is typically very affordable . Premiums can vary from one person to another , and some companies may offer better prices than others depending on your location , but I 've seen renter 's policies as low as $ 9 or $ 10/month . Please bear in mind that there are a lot of variables that affect your rate , and you may or may not be able to find renter 's insurance for this kind of price .


Input: What Does Renters Insurance Cover, And How Cheap Is It?

Output: Generally speaking , renters insurance is fairly inexpensive and something that should always be considered . The policy provides coverage for your personal belongings as well as protection for you should you be held legally liable for someone 's injury or damage to their property . Many landlords and apartment complexes here in Connecticut make having a renters insurance policy a condition of their lease agreement . This requirement takes the choice out of your hands of course . The premium charge will be based upon the amount of personal property coverage you need , the amount of the deductible you are willing to accept and finaly the amount of liability protection you want your policy to provide .


Input: What Does Renters Insurance Cover, And How Cheap Is It?

Output: I agree with the coverage part of answer one , however , if your renters insurance is only $ 10 a month I would question how much coverage you are actually getting . Why pay for something that will not protect you when something actually does happen ? Questions to ask your agent are : what they are basing their recommended coverage amount on ; if your property is covered only if it is inside your home -LRB- some companies offer world wide protection - if you 're on vacation and the airline loses your luggage for instance -RRB- ; how any valuable items such as jewelry or art , are protected - they should be scheduled on your renters policy otherwise they are only protected up to certain limits . And yes definitely look into bundling renters and auto for an additional discount !


Input: What Does Renters Insurance Cover, And How Cheap Is It?

Output: Great question ! I agree with the answer above and would encourage you to ask your agent if your auto insurance company has a renters insurance partner/affiliate that will allow you to save money by bundling the coverage . The bundling savings is generally bigger for full homeowner policies , but I always make sure to check to see if there are any discounts available .


Input: What Factors Determine Life Insurance Rates?

Output: That is a great question ! There are many things that have a part in determining the rate you will be charged for your life insurance . The main ones are your age and gender ; Your smoking preference ; your current and past health status ; the medications that you are taking ; the type of life insurance that you 'd like , and the amount of coverage . It is always in your best interests to have an experienced agent help you find the right policy for you . Thank you for asking !


Input: What Factors Determine Life Insurance Rates?

Output: There is a lot of factories that impact the rate on a life insurance policy , for example hobbies , heath history , gender , height , weight , smoker , and the list goes on and on but do n't get discourage on this factors life insurance is a great tool to have in your financial planning . It is tax defer , plues if you have a life insurance policy with cash accumulation , You can use that cash to pay for anything that you would like , -LRB- when there is cash in the policy though -RRB- .


Input: What Is The Longest Term Life Insurance?

Output: The longest term insurance ? Guaranteed Universal life is the longest `` term '' policy a person can purchase . Simply put a guaranteed universal life policy can be a lifetime term policy as it requires only the premium be paid when due . A guaranteed universal life is not a savings plan , but simply level premium coverage .


Input: What Is The Longest Term Life Insurance?

Output: Term life insurance is generally issued in 10 , 15 , 20 , 25 , and 30 year terms , with 30 being the longest . Prudential does offer a term insurance product called Worklife 65 term that offers coverage to age 65 . If you are 25 years old and take out this Prudential policy , you would be purchasing a 40 year term .


Input: What Is The Longest Term Life Insurance?

Output: It depends on the age of the insured , but a young person , who qualifies for coverage could purchase up to 40 years guaranteed level term . Again , based on age , the conventional term life insurance market can go as long as 30 years . Most defensive financial planners recommend purchasing term insurance with a conversion provision to convert to permanent life insurance in case the original coverage period is too short .


Input: Is Health Insurance A Right Or Privilege?

Output: Health Insurance is a Privilege ; it is a privilege to have #healthinsurance which is a benefit in many ways . If an insurance company insures a person in return for a premium paid , the insured person now has the benefit of lower health costs due to agreed upon health tariffs negotiated between the insurance carriers and health providers , in addition , the insured person will only be responsible for a portion of the now lower fees for health services received . In areas of socialized health care , the Government or Employers may be paying the premiums for the same benefits explained above . The outcome is always better when everyone is insured since it lowers the overall ` risk ' taken by the insurance companies ; with better health care , comes better health , lower risk , lower premium and a greater public awareness of the ability to promote better health care options . For more information regarding Health Insurance , you may visit : WEBSITELINK


Input: Does Health Insurance Cover Maternity Leave?

Output: Health insurance is designed to make benefit payments to medical providers . It does not replace income . Short term disability replaces income . You would need to have a policy in force prior to conception to qualify for maternity leave benefits . If you are eligible for FMLA protections , your employer must continue your health insurance benefits on the same basis as if you were working . You would have to continue making premium payments , or risk losing coverage .


Input: Does Auto Insurance Cover Hitting Deer?

Output: As long as you have physical damage coverage on you vehicle , the damages caused by hitting a deer should be covered -LRB- subject to your deductible . -RRB- It is normally filed under the Comprehensive -LRB- or Other Than Collision -RRB- coverage . Although you collided with a deer -LRB- or any other wild animal like pigs or hogs -RRB- it should NOT becharged against your insurance premiums .


Input: Does Auto Insurance Cover Hitting Deer?

Output: The damage your car sustains as a result of a collision with any animal is covered by your comprehensive coverage section of your policy . It is a part of the physical damage section . The loss will be adjusted based upon the cost to repair your vehicle . The adjusted claim will be reduced by the amount of your deductible . As a matter of convenience the insurance company will normally pay the repair shop for everything except the deductible . The repair shop will collect the deductible at the time that the car is returned to you .


Input: What Is Flexible Premium Adjustable Life Insurance?

Output: Flexible premium adjustable life is the more antiquated title of universal life . Today , there are four different universal life polices. : current assumption universal life , indexed universal life and variable universal life . These three is feature the flexibility or adjust-ability of premiums and death benefit amounts . Guaranteed universal life , in general terms , does not have this flexible feature based on it 's secondary guarantees .


Input: What Is Flexible Premium Adjustable Life Insurance?

Output: Flexible premium adjustable life insurance is another name for Universal Life . The premium is flexible in that you can increase or decrease it as desired . If you increase it , the policy can last longer and/or build up more cash value . If you decrease it , the policy could lapse sooner and/or build up less cash value . It is adjustable in that you can lower the face amount or premium as desired , or dump in a lump sum of money to grow tax deferred .


Input: Who Should Get Short Term Disability Insurance?

Output: Those who are planning a family are most likely to get Short Term Disability Insurance , as Short Term Disability is the kind of insurance that will pay off for lost time during normal pregnancy and childbirth . To do so , you must apply before becoming pregnant . Anyone who would have trouble living without their salary for several weeks to months would benefit by Short Term Disability Insurance .


Input: Is It Bad To Switch Car Insurance Companies Often?

Output: It could be . Primarily from a good will sense not a financial one . When you are with one agent or carrier for a longer period of time they are able to develop a history with you . This can be extremely beneficial when it comes to getting claims covered and possibly prevent a cancellation or non-renewal of coverage . The longer the history that you have with the carrier the more they are likely they are to continue carrying you as a risk should you have a substantial claim and the longer you are with the carrier the more familiar you are with their processes .


Input: How Much Supplemental Life Insurance Do I Need?

Output: How much supplemental life insurance do you need ? Going to depend on what your desires are towards protecting your family in case of your early death . So the answer really is how much do you feel you need ? The question I have would be if you are healthy , why would you go with a supplemental plan when you could qualify for a personal plan that you own and control ? Supplimental life is a great deal if you are of questionable health . Usually there are few questions and minimal underwriting , which means the product has been priced assuming poor health to begin with . Remember more questions means lower price . Fewer questions mean they priced the insurance as if you already answered `` yes '' to the question .


Input: What Is The Average Cost Of Health Insurance In The USA?

Output: The most recent figures for late March , 2014 indicate that the average cost of an individual major medical health insurance policy in the United States is $ 328 per month . That said , your results can and almost certainly will vary . A national average figure is not likely to be reflective of what the cost would be for you in the specific area of the state that you are a resident in . Also , this average figure does not take into account any possible advanced premium tax subsidy a person might qualify for , which would reduce that person 's net cost of insurance . Individual health insurance rates can vary wildly from one state to another and can vary significantly within the various regions that each state is subdivided into under the structure imposed by the Affordable Care Act . And the reported national average price becomes an even more unreliable yardstick because it also averages in a wide range of levels of insurance coverage . As an analogy , you can get an average cost for a new car purchase in the U.S. but that may bear little resemblance to the price of the specific car you want to buy .


Input: What Is The Average Cost Of Health Insurance In The USA?

Output: While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to you . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people from a couple hundred dollars per month to several thousand . Even for that there 's a ton of information to sift through to get an accurate representation . Under the new Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . This is where an independent insurance agent can really help you . They can work with you to look at a wide range of options from many of the top carriers in the industry .


Input: Can Your Homeowners Insurance Cancel You?

Output: Yes , you can be non renewed by your Homeowners Insurance provider under certain circumstances that are outlined in your Insurance Policy . Be sure to talk this over with your Insurance Professional , but I can give you a few examples . First , if you fail to pay your premium . There is a grace period in your policy no doubt and that is usually 30 days from the due or renewal date . Some companies would entertain a reinstatement with a lapse in coverage if payment is received within a fairly short period of time after the end of the grace period AND you sign a `` Statement of No Loss '' , but do n't count on those good graces . If an insurance company inspection identifies certain hazards relating to your home or property that can cause future loss , they will noitify you of these and advise you that they will need to have these remedied within a certain period of time . If the work is done , you will be good to go , however , if nothing is done , plan on our Insurance company sending you a non-renewal notice.Claims frequency and amounts paid on claims related to the premium you pay determine a `` Loss Ratio '' within the Underwriting standards of a Homeowners Insurance provider . Here again , if situations like that fall outside of an Insurance Company 's standards , they can non-renew .


Input: How Long Does Someone Have To File An Auto Insurance Claim?

Output: If you have an accident you want to file the claim as quickly as possible . This will allow to receive payment for damages quickly and help you move on with life . If you wait on turning a claim you lengthen the claim process . The insurance companies involved will want to investigate the accident to make certain that claim are paid fairly and properly . Every companyand policy is different . To know what your coverage is and what exclusions you may have read you policy completely or contact your local agent to have them go over the policy with you .


Input: Does Homeowners Insurance Cover Broken Sewer Lines?

Output: In most cases it will not . It would really depend on the circumstances behind the broken sewer line . If the broken sewer line was caused by a covered loss than you may be covered for some or all of the damage . To know what coverage your policy provides and what exclusions there may be ; please read it completely or contact your local agent to have them go over the policy with you .


Input: Can I Use A P.O. Box For Car Insurance?

Output: For a mailing address many insurance carriers will accept a P.O. Box number , but to actually secure coverage you must provide a physical address . Your address is one part of the rating equation when it comes to getting a quote from a carrier for auto insurance coverage . There are also many other factors that are used for this equation .


Input: What Is The Declaration Page On Homeowners Insurance?

Output: The Declaration page of a Homeowners ' Policy is the page that outlines the coverage that is particular to your home . The Declaration -LRB- Dec -RRB- page includes the policy number and the date your policy began . It lists you as the policyholder and both your mailing and location address . It goes on to state the current property amounts including your Dwelling , Other Structures and Personal Property as well as any `` inside limits '' that may be stated for particular categories of personal property such as jewelry , fine arts , fire arms etc. . The policy Dec will state your policy deductible for property coverage and the settlement option -LRB- usually Replacement Guarantee -RRB- . Next it will state the amount of Liability coverage you have as well as any Medical Payment protection . The Dec will also show the property rating territory , proximity to a fire hydrant and fire protection class . Finally , the premium will be listed .


Input: What Is The Declaration Page On Homeowners Insurance?

Output: A homeowners policy is a package of forms that identify the coverage the company is extending on the property . They are not specific to your property . The declaration page identifies all of the parties in the policy and states the absolute limits of the policy . This is the part of the legal contract that customizes the forms into an understandable whole . The declaration page is what makes the policy yours .


Input: Can You Get Disability Insurance If You Are Pregnant?

Output: You can get disability insurance , however it will NOT cover time away from work due to the pregnancy , unless you geta medical professional to sign off on a complication of such a nature as to merit time off . Regular pregnancy = potential chance at maternity leave should your employer offer it , but it does not automatically set you up to collect disability insurance checks .


Input: How Long Does It Take For A Home Insurance Claim To Be Settled?

Output: -- > Normal 0 If I had to guess on how long it takes to receive a check on a homeowners policy loss , I would say a good average would be 30 days . Property insurance policies , like a `` Homeowners '' policy usually have an entire section -LRB- that no one reads -RRB- outlining what you must do following a loss . Generally you have the obligation to notify the insurer promptly and submit a written summary of the items that were lost or damaged , how and when they were acquired , the cost to repair or replace them and their current value . Some claim adjusters may help you in this process , but it is your responsibility and not much happens before it has been completed . Once this `` list '' is prepared AND accepted by the insurer , policies usually state how many days the insurer has to pay you . In practice , however , I would say checks are received within a week or two AFTER your proof of loss is ACCEPTED . I would however expect insurers to question the value certain items , request additional documentation or require proof of purchase on higher valued items . I would also caution insurance consumers to make sure these lists are accurate . Entire claims can be denied because lists -LRB- proofs of loss -RRB- contain information that is questioned and found to be false . Like I had a 52-inch HD TV when it was actually an 18-inch portable you bought at a tag sale . In a serious loss such as a fire or storm loss , insurers often advance partial payments to cover the replacement of necessities or temporary living expenses until the more formal claim process is completed . Dont be afraid to request one .


Input: How Long Does It Take For A Home Insurance Claim To Be Settled?

Output: To be honest with you , that really depends on the severity of the loss . If for example , you had a burst pipe in your home causing water damage , something like that can be settled in a matter of days . If on the other hand your house was seriously damaged by fire to the point where it was a total loss , final settlements and finished re construction could take a year or more .


Input: How Much Is Medicare Going Up In 2013?

Output: The premium for Medicare Part B is $ 104.90 / month in 2013 for most people . The Part B deductible is $ 147/year . If your modified adjusted gross income is above a certain point , the rate can be higher . Part A is free to persons who have paid Medicare taxes . For those who must pay for Part A , the premium is $ 441/month with a $ 1,184 deductible . The Part A premium is actually a little less than it was in 2012 .


Input: Will Homeowners Insurance Cover A New Air Conditioner?

Output: Based on the question I have to make assumptions that your old air conditioner just wore out and broke down . If this is the case then no , your homeowners insurance will not cover to get you a new air conditioner . Homeowners insurance polices are not warranties or maintenance policies . This includes mechanical breakdown . Damage must be sudden and accidental . Fire , or vandalism would fall into the sudden and accidental category .


Input: Is Erosion Covered By Homeowners Insurance?

Output: Unless you talked to your Insurance Professional and had coverage for damage caused by earth movement added to your policy , then it is unlikely that you would have any coverage for such a loss . There are two common exclusions that you would find in a homeowners ' policy and damage caused by any form of earth movement is one of them . Flood is also common exclusion , however , unlike earth movement protection which can be endorsed onto a homeowners policy in many cases , flood insurance is only available by purchasing a Flood Insurance Policy .


Input: Is Erosion Covered By Homeowners Insurance?

Output: Typically erosion , just like verminwould be considered a maintaince issue not a claim issue for your homeowners insurance . Read your policy completely to know what coverage is provided and what exclusions there may be within it or contact your local agent to have them go over the policy with you .


Input: Is Critical Illness Insurance Necessary?

Output: Critical illness insurance is n't necessary but it is something to definitely consider . More than just a cancer plan , critical illness coverage will provide payment for named `` dread disease '' conditions including heart attack , stroke , cancer and as many as 8 other conditions . Most pay a lump sum on first diagnosis . Buy a health plan , not a rider to a life policy .


Input: Is Critical Illness Insurance Necessary?

Output: People are surviving more critical illnesses than ever before due to advancements in medical treatment of cancer , heart disease , organ damage , and a multitude of life threatening diseases . However , these treatments can be very time consuming and costly . Thus , there is a greater need than ever for Critical Illness Insurance .


Input: What Happens To Annuities On Death?

Output: Good question ! What happens to an annuity after the death of the annuitant depends on the type of annuity contract . Some annuity contracts have named beneficiaries where others simply end on the death of the annuitant . If the annuitant dies before the annuity is depleted in a term certain or sum certain contract the balance of payments or the balance of the sum will be paid to the beneficiary . If the annuitant dies having a life certain contract , the balance if any defaults to the issuer .


Input: What Happens To Annuities On Death?

Output: This depends on the type of contract . There are two types of annuity contacts : 1 . Owner driven contracts 2 . Annuitant driven contracts What happens on death depends on which type . For an owner driven contract , when the owner dies the contracts cash surrender value is paid to the named beneficiary -LRB- ies -RRB- of the contract . For annuitant driven contracts , when the annuitant -LRB- not necessarily the owner -RRB- dies the cash surrender value of the contract is paid to the named beneficiary -LRB- ies -RRB- of the contract . Almost all contracts issued today are owner driven contracts . Most annuitant driven contracts found today are older annuity contracts . It is prudent to figure out which kind of contract you have , especially if you have a different owner and annuitant .


Input: What Happens To Annuities On Death?

Output: What happens to an annuity upon death depends on the type of annuity you have and the contractual stipulations . If you have an annuity that was set up to pay out for the rest of your life , there may be not benefit paid upon your death . Some Life Annuities will return what was paid in or pay for a guaranteed number of years . A Joint with Last Survivor Annuity will continue payments to the spouse . For annuities that will are set up to pay a fixed number of years , annuity payments will continue to the beneficiaries just as if they did before . If the annuity was not yet annuitized , the proceeds must be received by the beneficiaries within 5 years . Contact your agent or the company through which your annuity was secured to understand the specifics about your particular contract .


Input: What Does UL Mean In Life Insurance?

Output: U.L. stands for universal life insurance . UL was created in the mid-eighties as an answer to buy term and invest the difference . There are four UL policies that have developed over the years : Current Assumption UL , Indexed UL , Variable UL and guaranteed UL . It is a flexible contract with two sets of rates : current company practice and contractual guaranteed rates .


Input: What Does UL Mean In Life Insurance?

Output: What does UL mean in life insurance ? UL is short for Universal Life . UL is a product that was created to satisfy the buy term and invest the difference crowd . The plan involves a term premium cost and a accumulation account that a portion of the premium is deposited into .


Input: What Does UL Mean In Life Insurance?

Output: UL stands for Universal Life , a form of life insurance that combines features of Term and Whole Life coverage . There is a guaranteed death benefit that can often be locked in for a set number of years -LRB- some policies allow the death benefit to be guaranteed to age 120 + , ensuring that the policy will not lapse before death -RRB- . The amount of premium going to the savings account portion of the Universal Life is invested and may generate some cash value in the policy . Universal Life offers more flexibility than Whole Life in that the death benefit and premium can often be adjusted .


Input: What Does UL Mean In Life Insurance?

Output: A universal life insurance policy is a permanent form of life insurance that allows the owner of the policy the flexibility to direct the frequency of premiums and the amount of premiums . In this process the owner uses the premiums to pay current life insurance costs and future life insurance costs through cash value . Most insurance company maintains a separate fund for the cash value which may enjoy better results than the normal company funds . The owner assumes responsibility to provide sufficient cash value to maintain the death benefit until death .


Input: Who Should Not Buy Annuities?

Output: Annuities are tax deferred products . If youre in a low tax bracket annuities may not make sense for you . Annuities can have stiff surrender charges . If you need liquidity annuities may not be good for you . And along those same lines , if you need your money before 59 annuities may not be an option for you . You should not buy annuities until you establish a cash account for financial emergencies .


Input: Do Annuities Work?

Output: Do annuities work ? Better than anything out there that claims to be annuity like . Annuities provide a safe secure place to invest money for growth in a low risk environment . Immediate annuities provide for a lifetime payout that the insured can not out live the payments , even if the insured lives well past the annuities projected payout . Also , today 's immediate annuities come with COLA adjustments to keep pace with inflation and guaranteed payouts to beneficiaries if the annuitant dies early .


Input: How Much Does Medicare Pay For Non Emergency Transportation?

Output: In short , Medicare will not pay anything for non-emergency transportation - ambulatory services are covered in emergencies . However , Part B can provide some benefits for nonemergency ambulance transportation between home and a hospital if the patient 's doctor certifies IN WRITING that transportation in something other than an ambulance would endanger their health . Confirm with your doctor and Medicare first to make sure you would n't get stuck with the bill in this situation .


Input: When Is Renters Insurance Worth It?

Output: The value of any insurance policy is demonstrated when it pays your claim . The cost of an insurance policy is generally a fair distribution of the risk . Companies must demonstrate to the state insurance commissioner that they are accepting premiums , holding reserves and paying claims in a way that provides good value and provides for the financial stability of the company .


Input: When Is Renters Insurance Worth It?

Output: Great question ! Renters insurance is worth it the minute you have to file a claim . In the event that your apartment is damaged by fire , or some natural disaster , the claim helps pay for the cost of the things that you had . It will also cover the things that are stolen from your apartment . When you are standing there wondering where you will come up with the money to replace everything that you once had , and where you are going to stay , then you will appreciate the value of the insurance . If you have more questions , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Is Life Insurance Eligible For Cobra?

Output: No , unfortunately , life insurance is not eligible for Cobra . The continuation of group benefits offered by the Consolidated Omnibus Budget Reconciliation Act only applies to health insurance benefits for employees and their families . It does not provide for continuation of life insurance or disability insurance group policies .


Input: Is Life Insurance Eligible For Cobra?

Output: No . Life insurance is not eligible for COBRA . COBRA only applies to health insurance so people leaving a group health insurance plan can continue the coverage up to 18 months after leaving the company . It 's only available to individuals and families covered under a plan with more than 20 employees enrolled . Your premiums under COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . COBRA election applies to each person individually that is covered under a given health plan . Since health insurance is guaranteed issue under the affordable care act , you do not want to wait until your COBRA coverage expires to look for a new policy . Doing so can cost you a lot more money unnecessarily . Consult with an experienced health insurance broker to compare your options and see which plan option will best serve your needs . 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 Much Is Medicare Deduction From Social Security?

Output: If you are referring to Medicare Part B - which is an auto deduction out of your SS check , if you are currently taking SS ... the average person pays $ 104.90 for Part B . So $ 104.90 would be deducted from your monthly SS check . However if your income is above $ 80,000 as a single person , or $ 170,000 as a married person , then you will have a surcharge above the $ 104.90 . You can go to the Medicare website for a complete chart . You can also have your Medicare Part D plan premium deducted monthly if you so choose . But B is not a choice if you are taking SS and on Medicare .


Input: When Can I Switch Auto Insurance?

Output: Auto insurance is an at will product . This means that you could change carriers at any time that you wish . What normally happens at the point of cancellation is your current carrier will refund any unused portion of paid premium . If you are working with a local agent and have concerns about cancelling your current policy talk with them and they should be able to assist you with the cancellation .


Input: How To Change Your Home Insurance?

Output: If you have an agent , they are the ones to call to make changes to your insurance policy . If you are talking about changing companies , I would direct you to an independent insurance agent , who represents multiple insurance carriers and will likely have access to a comparative rating program that can give you the premiums for all of the companies he represents and give you options for making that change .


Input: How To Plan For Early Retirement?

Output: How much money do you need in retirement ? How much money do you have to save to get your income for retirement ? How many years do you have until you retire ? How much money do you want to save in income taxes ? Does your retirement plan have early withdrawal fees ? If you do n't know any answers to some of these questions than i think it 's fair to say that you should talk with an adviser , someone who can give you expert retirement advice . There are many savings vehicles that can give you a tax free retirement .


Input: How To Plan For Early Retirement?

Output: Retirement planning can be seem overwhelming since it involves so many different issues . The most difficult part for most is clarifying what do you want your retirement to look like . Travel , hobbies , charity work , new work ? The point is , once you have clarified your objectives , you can work on the `` financials '' . How much do you need to accumulate ? What vehicles work best ? What about tax ? If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local 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 .


Input: How Do You Get Health Insurance In Ohio With Pre-Existing Conditions?

Output: Pre-existing health insurance in Ohio is now available at prices lower than ever before . Thanks to the Affordable Care Act , you can not be denied because of medical issues and your pre-existing conditions are covered without any waiting period or surcharges . You need to apply for coverage through the Ohio Health Insurance Exchange -LRB- also known as the `` Marketplace . '' A new federal tax subsidy will drastically reduce your premiums if you qualify . OK . How do you compare rates and enroll ? Visit the premier trusted resource in the state for Ohio healthcare coverage , which is Ohioquotes.com . Within a few minutes , you can view options and easily apply . An experienced local broker -LRB- 33 years of experience -RRB- is always available . The most popular companies are Anthem Blue Cross , Medical Mutual , Humana and Healthspan . If your need is short-term , a UnitedHealthcare temporary plan may be the best option . Open Enrollment is going on right now so you can visit the website and shop , compare , apply and save . When Open Enrollment ends , there are non-Exchange options that will be available .


Input: Does Car Insurance Cover Bike Accidents?

Output: If your car hits a bicycle the liability coverage in your auto policy will apply . If you have an at fault accident while riding your bicycle your automobile insurance will not provide coverage . It is possible that your homeowners or renters policy would provide coverage if your injured someone or caused property damage . This is the type of question you need to take to your personal insurance agent .


Input: How Much Does Renters Insurance Cost In Georgia?

Output: Renters insurance rates in Georgia are typically very affordable . Since you do not own the dwelling , you are only insuring your personal property , along with liability and loss of use coverage -LRB- Thereare also additional benefits -RRB- . The annual cost , depending on your amounts of personal property coverage and zip code , can vary between about $ 110 and $ 240 per year . Replacement cost and much higher coverage will of course increase the rate . As experienced brokers , we shop all of the major carriers so you are presented with the best options .


Input: When Will Life Insurance Not Pay Out?

Output: If youre policy is beyond the reinstatement period , the policy will not pay in a death claim scenario . It will not pay if suicide occurs during the first two years of the policy . It will not pay if deliberate misstatements or omissions were material enough to have changed the underwriting offer or amount of the death benefit .


Input: When Will Life Insurance Not Pay Out?

Output: As long as you did not lie to answer a question that was asked on the life insurance policy , your policy will pay the death benefit . After two years , the policy will usually pay even if there were misrepresentations on the application . The policy will not pay for suicide during the first two years of the policy .


Input: Is Hypnosis Covered By Medicare?

Output: Hypnosis is not usually covered by Medicare , however , Medicare is starting to cover the use of hypnosis for PTSD -LRB- Post Traumatic Stress Disorder -RRB- or to relieve pain , in some situations . As with every Medicare provided service , the treatment must be ordered as medically necessary in order for it to possibly be covered by Medicare .


Input: Does Auto Insurance Cover You In A Rental?

Output: Most auto insurance policies will cover you for the same coverage 's you carry on your personal auto policy when renting a car . However there is a possibly for exclusions so my suggestion is that you call your insurance provider to see if you are fully covered or if purchasing the coverage by the rental agency is necessary .


Input: Why Did My Health Insurance Premium Increase?

Output: More and more companies are increasing rates due to implementation of the Affordable Care Act soo nto come . The companies are going to be forced to cover risks that they would otherwise have refused , and they are preparing for it . Also medical costs are rising plus rates rise because you get older . All of these factors are considered in your rate increase .


Input: Why Did My Health Insurance Premium Increase?

Output: Your health insurance premium increased because your insurance company did not like you . OK ... Seriously , the increase was probably part of a broad increase that everyone probably received . As the cost of medical equipment , doctors fees , facility charges and other items increase , invariably , your rate will go up . Believe it or not , sometimes , yourrate can actually go down !


Input: Is Xarelto Covered By Medicare?

Output: In most cases , Medicare does not cover medications unless you are hospitalized . To have coverage for your outpatient medical needs , you would need to purchase a Part D prescription drug plan . Each company offering this type of coverage has their own , unique formulary list of medications they consider to be covered expenses . It is always best to consult with an independent agent that represents many different companies to assist you in finding the absolute best coverage for your personal situation .


Input: How Much Is Homeowners Insurance For A Rental Property?

Output: Normally , you dont want a homeowners policy for a rental piece of property . Your only insurable interest is in the structure itself . You want one of the dwelling fire policies . You might add some limited personal property to the policy to cover your property at the location , for example , a range , or refrigerator . You must make sure that you also provide liability coverage to protect you against lawsuit arising from owning the structure .


Input: Is Universal Life Insurance A Good Investment?

Output: Please do not just think of life insurance as an investment , although it really can be . It is protection for you and for your family . And if you get a policy like Premier Financial Alliance offers , with Living Benefits , you do not have to die to collect on it . But Equity Indexed Universal Life can and does regularly outperform the stock market , so it can act like a great investment . It will not go down with the stock market but will go up with the stock market -LRB- capped -RRB- . See your agent . GARY LANE , garylane@cox.net . 714 422 9616 . Thank you .


Input: Is Universal Life Insurance A Good Investment?

Output: That is a great question ! Let 's start out by making sure we are using the same terminology though - an investment is something that is designed to increase your money , in a way that allows you to access it . Investments are stocks , mutual funds , bonds , things like that . Insurances are not investments per se - they are protections - like your emergency fund that you should have , they are designed to protect against a loss that you may incur . In the case of life insurance , that loss is you . As such , you can not reap the benefits of the policy , it goes to those you leave behind . Universal life policies are often pitched like investments because they CAN have significant cash growth . They are just like the stock market though - they can go belly up without proper management and attention to the payments needed . These are not your `` buy it and toss it in the safe '' policies , and generally work out very poorly for those who do that . Any life insurance policy is an investment in your peace of mind.If you are someone who has a higher risk tolerance , and closely watches the financial statuses very closely , then you might want to speak to your advisor about a UL policy , but please make sure they explain it very thoroughly to you , including all of the things that have to fall perfectly into place to provide those big dollars that they promise you , okay ? If you want the straight deal , contact me , I 'm happy to help . Thanks for asking !


Input: Is Universal Life Insurance A Good Investment?

Output: For many people it may be the best choice . It is a type of permanent life insurance . Unlike Whole Life , whose growth depends entirely on the carrier 's general fund growth , Universal is more reflective of the market . This means it can go up substantially or down substantially . One way of avoiding the terrible lows is to buy indexed universal , which limits both the ups and the downs . Discuss your options with an agent . Thank you . GARY LANE .


Input: Is Universal Life Insurance A Good Investment?

Output: Universal Life Insurance , is first and foremost a life insurance policy . If you require life insurance to provide cash at death to protect your loved ones , your business or your estate then an opportunity is created for you to utilize the reserve or cash value and use universal life as an `` investment '' . In Canada , there are limits to the amounts you can fund a universal life policy to keep the `` tax advantaged '' status of being exempt from accrual taxation . For individuals and corporations in the top tax brackets this tax advantaged status alone might make Universal Life a `` good investment '' , but for most there needs to be an life insurance requirement . In Canada , all earnings inside a Universal Life policy are expressed as interest , however , they can mirror the earnings of many of the top mutual funds . One company offers 400 + investment options in a `` tax advantaged '' plan . An independent life insurance broker , representing several companies , can help you find the right policy at the right price . If you have any further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Is Universal Life Insurance A Good Investment?

Output: Video Transcript : Hello , everyone . I 'm Steve Savant , Syndicated Financial Columnist and host of the weekly online talk show , Steve Savant 's Money : The Name of the Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is Universal Life a good investment ? Remember , pure Universal Life is really interest rates . And so , if interest rates and you 're a conservative person , that may be a play for you and you may want to look at that . Remember , it accumulates tax deferred . It can come out tax free if it 's a non-modified endowment contract and it 's kept in force for the life the policy insured . And remember , it 's really interesting . They have current company practice where they charge expenses for the policy and they have contractual guarantees . You 'll want to make sure that you look at both sets of rates before you make your final purchase . And remember , interest rates tied generally to Government Treasuries are probably what 's behind most of these contracts that you look at . They 're really great for indemnification . It can also be used for income , and it 's a great way to use it for supplemental retirement . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com .


Input: Is Universal Life Insurance A Good Investment?

Output: Product suitability is determined by a personal financial profile that includes a risk tolerance assessment , financial goals and a life expectancy projection . Current assumption universal life insurance has three crediting methods to consider based on your personal financial profile : interest rate earnings , indice returns and separate sub account performance -LRB- positive or negative -RRB- . Variable universal life is characterized as an investment product and the others universal life types are saving products . The income design is critical to have any probability of success . The design must feature the lowest cost of insurance death benefit option that complies with TAMRA . Any death benefit option switching and/or decreasing in death benefit before distributions should be applied . The goal in death benefit management is to contain policy costs throughout the life of the policy which needs to be kept in force for the life of the insured .


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

Output: The key to a successful claim is records . Photographic , scanned , or paper . If you can verify the condition of your home and the complete list of contents you are almost already home . Few home claims have that information . It only takes a few minutes to get prepared for the claim . Take photos or use a video camera but get a record . Keep the record where it wont be destroyed with the home .


Input: How To Sign Up For Renters Insurance?

Output: If you currently have auto coverage with a carrier . I would suggest that you speak with them about getting renters insurance coverage . If you are able to purchase both coverages through the same carrier you may receive a discount on both policies . Almost any agent that currently handles homeowners insurance will more than likely have an outlet for renters insurance .


Input: What Car Is In What Insurance Groups?

Output: The law of large numbers is a principle of insurance . When there are many like units , a company can provide insurance , so `` common makes and models '' are risks most insurance companies offering auto insurance are willing to accept . There are some vehicles that are so rare , expensive or inherently dangerous that most insurers will not provide coverage . However , coverage can normally be secured for even the most exotic cars in the specialty auto insurance market .


Input: Can I Deduct Long Term Care Insurance?

Output: Yes , but the deduction is not a dollar for dollar deduction on the premiums that you pay . LTCi premiums are considered medical expenses under IRS rules meaning that premiums that exceed a certain percentage of your AGI can be deducted . There are further limitations on the amount of the premium that you can count for this deduction . This amount grades up with age -LRB- i.e. you can deduct a greater amount the older you are -RRB- .


Input: Why Does Everyone Have To Have Car Insurance?

Output: Automobiles have been insured in the US since the late 1890 's and with good reason . Americans love to drive and it became obvious early on in the use of cars , that they could cause great injury and property damage so evolved the early auto insurance . As cars themselves became more costly the need for physical damage coverage also became necessary since folks could not buy the car all at once and lenders required protection for their collateral . Even into the mid twentieth century it was not uncommon to have a different agent and or company to handle liability and physical damage coverage . As the industry grew there was and there is a better recognition that major personal injury or fatality could be caused by cars.States also then became the conveyor of the right to be on the roads and so it became necessary to be able to post a bond that you would pay damages caused by you and your auto or provide assurance to the rest of the world that you have a capacity to pay for damages through an insurance policy . So insurance has responded to what society has thought was a basic tenant of responsibility and this has been codified in most states with expectations of the minimum amount of coverage you must have to be authorized to drive in the specific state . Some folks might suggest to you that all insurance is alike and therefore is a commodity . Do n't be drawn into that false premise . Every one has different asserts to protect and specific needs that only can only be addressed with good active communication with your company or agent .


Input: Can Life Insurance Companies Go Bankrupt?

Output: Yes they can . Just like any company . However due to regulatory intervention , it 's extremely rare . Life insurers are checked often by state regulators for financial well being and must maintain certain capital positions based on their outstanding liabilities . They are required to maintain at a very minimum twice the amount of capital on hand needed to cover the expected claims they will incur in any given year . If they fall near or below this number , then regulatory action begins to try and place the insurer in a better financial position . Additionally , if a company should fail , other companies typically purchase their assets and back the promises made by the failing insurer .


Input: Can Life Insurance Companies Go Bankrupt?

Output: In California insurers are required to participate in a fund that acts to keep all the contractual promises made to customers of insurance companies . Each company is assessed to cover the losses when a company gets into financial difficulties . The company itself may leave the market but the individual policies will be picked up by another company in a way that is seamless to the consumer . Sometimes the company remains but the management is changed .