Input: Does Taking Antidepressants Affect Life Insurance Premiums?

Output: Taking antidepressants does not always affect life insurance rates . Taking one antidepressant medication for mild , controlled , stable depression will still allow you to be rated Preferred with many companies . And you can get No Exam life insurance at that same rate as everyone else . When there is more than one medication taken for depression or other factors indicating more serious depression , your policy may be rated up to a higher premium . If you had a recent hospitalization for depression or are on disability due to depression , you mayneed to get simplified issue life insurance , and those premiums can be rather steep . However , by shopping with an agency that carries many options , you can get affordable life insurance while using antidepressants .


Input: Does Taking Antidepressants Affect Life Insurance Premiums?

Output: It could cause a rate up depending on the situation . The company would look at the reason for taking the antidepressant . Is it situational or chronic ? What is the dosage ? Have you ever been hospitalized ? Any history of suicide attempts ? Are there any other health issues ? What medication are you taking ? Depending on the answers to these questions you could get anywhere from standard rating to denied and need to go with a guaranteed issue plan . It is best to sit down with an agent who can get the details and do a prescreen based on your situation to find you the best available rate .


Input: What Are The Different Types Of Life Insurance Policies?

Output: Life Insurance Policies come in two product categories : Term or Permanent . Term life insurance can be purchased with simplified or full underwriting . It can offer annual renewable or guaranteed level coverage periods like 5 , 10 , 15 , 20 , 30 and a few at 40 year . -LRB- The longer the coverage period the more age becomes a factor and based on age , companies limit the length of coverage . -RRB- Some term life insurance includes convertibility clauses to extend coverage and offer living benefits either embedded in the policy or as an additional rider . Permanent life insurance has three types : Participating whole life , guaranteed universal life and current assumption universal life that uses interest rates , indices or separate sub accounts as crediting methods .


Input: What Are The Different Types Of Life Insurance Policies?

Output: As Ed Harris said above there are MANY different types of Life Insurance . It is true that there are two basic ` categories ' , which are Term and Permanent , but within those categories there are many different solutions or types of life insurance . For instance , Credit Life is a form of Term insurance which insures a creditor against the death of the debtor . Term insurance is basically `` death insurance '' . It has no cash value and no `` living benefits '' unless it has an ` accelerated benefit rider ' , which pays out or `` accelerates '' a portion of the death benefit in the case of critical or chronic illness . The ` Permanent ' category includes ` Universal ' and Whole Life - which is the only truly permanent type of life insurance . Within these categories there are many types again . There are buy-sell agreements and Key-Man policies designed specifically for businesses . There are variable and indexed policies , which are tied to the stock market or to specific stock indexes . There are `` participating '' and `` non-participating '' policies , which refers to the paying of dividends into the cash value of policies . There are Individual , First to die and Last to die policies . For more information contact an experienced Insurance Adviser / Broker . If in Hawaii I will be happy to help you .


Input: What Are The Different Types Of Life Insurance Policies?

Output: There are many different types of life insurance policies . The most common are whole life , variable life , universal life and term . Of course , there are different variations of each including plans that are not used as often such as single-pay life . A whole-life policy could pay dividends if participating . Rates on term policies are the least expensive while whole-life prices tens to be the most expensive . The most common tern periods are 10 and 20 years although other options are available . Which type is best for you ? The best resource for you is a full-time -LRB- Yes ... that must be their full-time job ! -RRB- broker or financial planner that can review prices , suitability and product in the most effective way .


Input: What Is A Universal Life Insurance Policy?

Output: Universal Life insurance is a combination of term life insurance and a tax-deferred savings plan paying a variable return . There is a guaranteed interest rate and cost of insurance set which stipulates how long the policy is guaranteed to last . This can be as long as age 121 with some UL products , so that the policy is then considered permanent insurance . Some Universal Life products , especially Indexed Universal Life or Variable Universal Life , are designed to generate cash value . They may or may not have a guaranteed lifetime no lapse feature . Universal Life is an adjustable and flexible policy that can often be tweaked to meet the needs of the insured over a lifetime .


Input: What Is A Universal Life Insurance Policy?

Output: Universal life is a flexible premium policy meaning that there is a range of premiums that can be paid for the policy . The minimum premium will only support a death benefit that may or may not be guaranteed . The owner of the policy may want to pay more than the minimum premium to use the policy for cash accumulation . Indexed Universal Life policies are especially good for accumulating cash to access tax free through loans or withdrawals for college funding , retirement income , or emergencies .


Input: What Is A Universal Life Insurance Policy?

Output: A universal life insurance policy is is a two part contract containing renewable term insurance and a cash value account for which the interest rate varies . There is usually a minimum guaranteed interest rate . Premiums are deposited in the cash value account after the company deducts its fees and the cost for the term coverage . Universal Life is a flexible type of permanent life insurance .


Input: What Breeds Of Dog Make Home Insurance More Expense?

Output: This is really best discussed with your Insurance Professional . In most cases , a particular breed of dog does n't necessarily affect the premium you pay , but may instead affect the availability of coverage under your policy . Some companies do not offer any coverage if you happen to have a dog with a bite history , others list specific breeds that , if owned , may make you inelligible for coverage . Other companies make exceptions to certain breeds so long as the dog has undergone specific training for good behavior .


Input: What Breeds Of Dog Make Home Insurance More Expense?

Output: The issue isnt price it is availability of coverage . Many insurance companies refuse to cover personal injury or other losses resulting from the ownership of a pit bull , Doberman pinscher , or Rottweiler . A dog with a history of biting is likewise excluded and coverage for other breeds may be limited well below the general limit of the policy .


Input: What Breeds Of Dog Make Home Insurance More Expense?

Output: Many insurance carriers in my state , Florida , exclude all animal liability and if you own certain breeds they will decline to insure you at all ... even with the exclusion . Dogs that you would expect to be problematic breeds are pit bulls , rototillers , dobermans but you would be surprised to know how frequently it is little dogs that are the cause of dog-bite claims .


Input: What Breeds Of Dog Make Home Insurance More Expense?

Output: it all depend on the insurance company . my personal homeowner company includes certain breeds and cross breeds , whilst the other company i had excludes those breeds and includes different breed . your bet best is to ask your agent to what type is included or excluded . the major breed for exclusion would pit bull , rottweiler , wolf , rott and pit mix .


Input: How Much Is Universal Life Insurance?

Output: Universal Life Insurance with a no lapse guarantee has some of the lowest premiums in permanent coverage . That is partly because you can buy UL that has almost no cash value . Therefore , most of your premium is going to purchase death protection . On the other hand , Universal Life Insurance can be used to create a lot of cash value , so that it can be used for expenses or retirement income . This is especially true with Indexed Universal Life or Variable Universal Life . Obviously , this premium will be much higher . Your age , health , and policy features all also come into play in calculating the cost of Universal Life Insurance . This is definitely one of those products you do n't want to purchase without some professional guidance . It is impossible to even compare two UL policies unless you understand what you are comparing .


Input: How Much Is Universal Life Insurance?

Output: Universal life insurance is a complex contract . There is no simple answer to your question . Your best bet is to speak with a qualified agent who can walk you through the pros and cons of the policy options . The premium costs will depend upon your age , whether you smoke , and your health . You also need to choose between option A and option B , which impact the death benefit amount over time . There are also a number of riders that could be added to your policy that may impact total premiums .


Input: How Much Is Universal Life Insurance?

Output: How much coverage are you looking for ? There are many companies that offer universal life insurance , however , the products can vary substantially between carriers . The first thing you want to find out is which products are guaranteed universal life programs , meaning even if the cash value hit $ 0 , the policy will still pay a death benefit as long as you keep paying your premiums . Current assumption -LRB- non-guaranteed -RRB- universal life programs can seem great on paper and may offer a lower premium that Guaranteed Universal Life policies , but carry a lot of risk - if the cash value hits $ 0 under these programs , then the policy crashes and you 're left with no benefits . You would subsequently have to keep paying more and more into the policy at higher amounts to keep it going . There 's many factors that go into the premium calculations for life insurance to say what universal life insurance will cost - it will be different for every person due to a number of factors including their age , amount of coverage they want , how long they want the coverage for , their risk classification , and other factors . When comparing policies from each carrier , the first thing you need to understand and determine is the risk classification you qualify for because the risk class determines the premiums . Also , not every carrier is going to offer the same risk class for a given medical history - they each have different underwriting guidelines , meaning company A could offer standard to a given profile and another carrier may be able to offer preferred . You should always consult with an experienced life insurance broker BEFORE applying for ANY coverage . Brokers can shop the case for you among a number of insurance companies to see which one will work best for your program and help you structure a policy that will best serve your needs and your budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Is Universal Life Insurance?

Output: The challenge with trying to answer this question is that the answer is almost `` as much as you want it to be '' . Explaining the design will help give you understanding what I mean . Universal life has three main components : mortality costs -LRB- cost of insurance -RRB- ; interest -LRB- can be positive or negative -RRB- ; and expenses . The mortality cost portion can be like a yearly renewable term rate or a level cost to 100 and there may be other choices such as a 15 pay . How much you pay depends on what option you have chosen . The amount of the investment portion you can choose , between a minimum and a maximum . Again you decide . The expense portion is usually fixed and is often guaranteed by the insurance company . The rate you will be charge for the insurance portion is like other insurance policies , based on your age , sex , smoking habits , health , etcetera . An independent life insurance broker , representing several companies , can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Why Should I Buy Critical Illness Insurance?

Output: You should buy Critical Illness insurance if you have a hard time saving money for emergencies . When someone is diagnosed with a critical illness such as heart attack , stroke , or cancer , finances are stretched to the limit . There will be time lost from work . Medical , travel , child care , and other bills can add up . Critical Illness Insurance does not have any deductibles or co-pays and benefits are paid in a lump sum to the beneficiary of the policy . Those funds can mean a great deal at that point in one 's life .


Input: Why Should I Buy Critical Illness Insurance?

Output: Critical illness insurance can serve a lot of needs . A good major medical plan will cover most of your medical bills but there are always copay 's , deductibles and coinsurance that can leave you with thousands in out of pocket expenses . If you are accustomed to a regular paycheck a critical illness policy can help


Input: How Much Is Medicare Going To Cost Me?

Output: How much does Medicare cost is a tad subjective , but I 'll try . You 've paid in to Medicare throughout your working carrier so part `` A '' is picked covered . That 's your inpatient care , somelimitationsapply . As soon as you retire and are not covered by private insurance or employer coverage , you 'll be offered part `` B '' from SSI which covers 80 % of your outpatient care , this year cost $ 99 . / month , higher if you made asignificantincome.You also need your prescriptions or pdp . Drug cards start at about $ 10 . / month this year increasing by what plan covers your needs . I just summarized Medicare as it is offered tobeneficiaries . Youcouldchoose aMedicaresupplementalplan . choose the one that best suits your needs . Abenefitrich plan could run about $ 150/mo but would include the part B cost mentioned above . Still need that pdp card . You could choose aMedicareAdvantage plan that tire all your needs into one policy and could cost you $ 0 - $ 100 . / month depending on your location and options you choose . Lastly , you can learn much by going to www.medicare.gov and reading for your self . Medicare Insurance agents are there to assist you and are compensated by insurance companies to help you select and enroll . I hope this has been helpful


Input: Can I Get Glasses With Medicare?

Output: The only glasses that you can get with Medicare is one pair of eyeglasses purchased shortly after cataract surgery . Medicare does not provide for regularly scheduled eye appointments , and Medicare does not pay for the lenses or frames of glasses purchased for diminished eyesight due to aging or other causes .


Input: What Does A Retirement Plan Do?

Output: A good retirement plan is a financial strategy that should address income and long term care needs based on life expectancy . Establishing a milestone event like retirement can be daunting when youre young and life expectancy could extend beyond our understanding or the mere fact that Social Security may not even exist as we know it . But for baby boomers , retirement is a looming certainty . Most baby boomers will outlive previous perhaps by a decade -LRB- living to age 90 -RRB- and most are planning on working until age 70 to contribute another five years to their retirement fund , maximize their income from Social Security and forced distributions from their qualified plans .


Input: What Does A Retirement Plan Do?

Output: What a retirement plan does is provide financial security . If you are referring to a Registered Retirement Plan then then plan enjoys tax deferred growth . The income is taxed on withdrawal , but tax deferred growth allows for the full effect of compound growth . If you referring to a retirement plan , then you are working towards having what you want to happen , happen . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: How Much Will Medicare Pay For Physical Therapy?

Output: Physican therapy is covered under Medicare Part B , but there are cap limits for therapy services - $ 1,920 for physical therapy -LRB- cap for services combined with speech-language therapy -RRB- . If the services are deemed medically necessary -LRB- and documented -RRB- by your therapist , you would not be responsible for costs above the $ 1,920 cap.If you 're getting physical therapy services that are not medically necessary , then Medicare will not pay for the services . Medicare would be paying for approximately 80 % of the costs and you would be responsible for the other 20 % , after the Part B deductible -LRB- $ 147 in 2014 -RRB- . A Medicare supplement -LRB- Medigap -RRB- plan can help pay the Part B deductible and the 20 % costs for physical therapy services .


Input: Can You Deduct Long Term Care Insurance Premiums?

Output: Yes , Long Term Care premiums can be deducted under schedule A -LRB- itemized deductions -RRB- of your form 1040 . If you add your Long Term Care premiums to your other health insurance premiums , co-pays and out of pocket expenses , you can deduct the amount that exceeds 7.5 % of your adjusted gross income -LRB- AGI -RRB- .


Input: What Exactly Does It Mean When Life Insurance Is Paid Up?

Output: When life insurance is paid up , it simply means that no further premiums are required to keep the policy in force . The policy may have been set up to where you only needed to pay a single premium in a lump sum . Or it may have required that you paid premiums for a certain number of years , and then it became paid up . In any event , you owe no more premiums and your beneficiary would receive the full face amount or more , if you passed . Or you may have decided to quit paying on the policy early , and were given theoption to take it as a reduced paid up policy . In this case , the face amount will be less than what you originally applied for , but the reduced face amount will stay in effect without you paying any more premiums .


Input: How Do I Determine How Much Life Insurance Is Needed?

Output: To determine how much life insurance is needed , it is best to talk to a licensed professional who can walk you through it . He/she will have different products for different needs and stages of life , and could save you a lot of money . It is also helpful to use a life insurance calculator . Here is a good one : WEBSITELINK


Input: What Is Allianz Life Insurance?

Output: Allianz Life Insurance Company of North America is a major player in life insurance and annuities in the U.S. and globally . Rating services : S&P AA , Moodys A and insurance industry A.M. Best A. Allianz is over 115 years old with over 112 billion in assets with a conservative long term investment posture in their portfolio .


Input: What Is Allianz Life Insurance?

Output: Allianz Life Insurance Company is a very reputable insurer that offers many types of products . Their annuities have become very popular and they have grown quite a bit over the last few decades . They maintain very high ratings with over $ 100 billion in recognized assets . YES ... BILLION ! For specific information regarding their products , a full-time broker or financial planner is the best resource . You can quickly compare the best options for you and any family member .


Input: How To Plan For Retirement With A Pension?

Output: How to plan for retirement with a Pension ? A couple basic things to consider . First is this pension going to be enough ? Are you able to fund other investment choices to boost your retirement income ? How is debt going into retirement ? The main thing in planning with a defined benefit pension is going to be what survivor option to take ? Take a full pension and if you pass before your spouse , the money stops . Take a partial pension with survivor benefits and you leave money behind or if your spouse passes before you , lost retirement funds . This is where life insurance can come to the rescue , as a life policy can allow a person to pension max their retirement with the life insurance policy becoming a secondary pension plan for your spouse if you pass before them .


Input: Should I Purchase Long Term Care Combined With Life Insurance?

Output: That is a great question ! The latest statistics I saw showed that roughly 70 % of us will need long term care at some point , so it definitely makes sense to prepare for it . How to do that will depend a lot upon how your retirement planning has been , or is being , done . There are some insurance policies that will combine the two policies , and there are several annuity products that will double or triple your payout , should you need the care . There are some companies that will write stand alone LTC policies . Which is the best choice for you ? That will depend upon a lot of things . Can you afford another policy ? LTC policies are being restructured , and have gotten much more expensive , as time has passed and insurance companies have found them to be much less profitable than originally thought . Congress passed a law that went into effect in 2010 that allows any funds pulled from a retirement vehicle that are earmarked for long term care to be free from income tax requirements , so if you have annuities or retirement funds that can be set aside for this purpose , and still have funds to live on , then maybe not . I 'd advise you to speak with someone that you can trust to look at where you are now financially , and where your retirement plan is , before recommending purchasing a policy of any kind . And be sure that you read the fine print , okay ? Many policies allow the early payment of benefits for LTC , but there are often fees , penalties , and tax consequences that can really make it a questionable if not down right bad , thing to do . Thanks for asking !


Input: Should I Purchase Long Term Care Combined With Life Insurance?

Output: Such an excellent question ! Yes , but do it in a very new and special way . There is now a Life Insurance you can buy which comes with living benefits , but not just the ability to get some money from it , but true living benefits to cover your needs in life . The benefits include chronic care , chronic illness , terminal illness , retirement , and other major needs . This type of policy is only available through a limited agent pool , those working with Premier Financial Alliance . They provide a product through National Life Group , 167 years in Vermont . The company limits its sales of this full product exclusively through Premier Financial . I urge you to call your PFA agent for find out the details . You can save a great deal of money by combining your policies and coverage , while get the coverage you really need . Thank you . GARY LANE . PFA agent , 714 422 9616 .


Input: Should I Purchase Long Term Care Combined With Life Insurance?

Output: By the wording of your question , I believe you are referring to Life Insurance with living benefits . This type of policy will allow you to take some of the death benefit as cash if you are diagnosed with a chronic condition that will render you unable to do two or more ADL 's for the foreseeable future . Your other option would be to buy two policies : Long Term Care Insurance as one policy , and Life Insurance as the other . There are many questions to walk through with a financial counselor to determine which is correct for you , as Jim so wonderfully explained . Life Insurance with living benefits or a Long Term Care type rider can be an affordable way to purchase some LTC coverage along with your Life Insurance . On the other hand , there are advantages to having separate policies , as well . A financial counselor can explore all the variables to help you get the product -LRB- s -RRB- that best suit your situation .


Input: My Term Life Is Paid To 80, So If I Die After 80 Is The Policy No Longer In Effect?

Output: Policies paid to age 80 end at that age . So your first question is : is that what you really have ? Check your policy data page from way back when you bought it . If you do not have that , call the carrier . Next question : why did you buy a policy that terminates at age 80 ? Was it because you wanted to grow cash inside the policy ? If so , then at least you have some cash to transfer into a new policy to cover you going forward . You might even have sufficient cash to pay up a new policy guaranteed for the rest your life . That would be nice . Get prequalified and find out what your options are .


Input: My Term Life Is Paid To 80, So If I Die After 80 Is The Policy No Longer In Effect?

Output: Term life insurance is usually paid on a monthly , quarterly , semi-annual , or annual basis and can not be paid up to cover you to a certain age . In that sense , it sounds like you may have Whole or Universal life insurance . In any event , though , the way your question is worded sounds as if your policy will end at age 80 . You need to contact the insurance agency to see what other options might exist to make it last longer .


Input: My Term Life Is Paid To 80, So If I Die After 80 Is The Policy No Longer In Effect?

Output: Term life insurance covers you for exactly what it states , a term or specific time for example 15 , 20 or 30 years . During this term , your rates should be guaranteed level , if not find a policy that is . After the term , most policies convert to what is called annual renewable meaning the rates will go up annually but not to exceed a guaranteed amount . So , if your paid to age 80 , you may have an option to continue coverage annually to a later age . Look at the policy for specific details to see if this is the case .


Input: My Term Life Is Paid To 80, So If I Die After 80 Is The Policy No Longer In Effect?

Output: Term policy covers you only for a specific term . You may be able to continue it past that term , but only at a vastly increased premium . Check your policy . What you might want to do is convert that term policy to a whole life policy if you still can . That way the premiums will never increase and you may be able to get some of your prepayment applied . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: What Is Covered Under A Homeowners Insurance?

Output: -- > Normal 0 Basic homeowners policies provide coverage in three general areas . They agree to indemnify you for some or all of the cost to repair or replace your home or your personal property should it be damaged or destroyed . They agree to indemnify you for some or all of your increased living expenses should your home be damaged or destroyed and you are required to live somewhere else while your home is being repaired . They agree to provide you a legal defense for certain civil actions should something you do or fail to do cause someone injury or damage and they will pay some or all of civil judgments should you be found responsible . How well you are reimbursed for these types of expenses depends on the specific policy you purchase , the premium you pay and the insurer you choose . You might also be interested in the Insurance Library responses to questions like What Should I Look For When Buying Home Insurance ? and How To Select Homeowners Insurance ?


Input: Can Term Life Insurance Have Cash Value?

Output: Term life insurance does not build cash value - only permanent life insurance will -LRB- universal life and whole life -RRB- . Term insurance programs feature a simple format - you 're buying coverage for a set number of years . If the insured dies during the term period , the policy pays out a death benefit . If the insured outlives the term period -LRB- and you decide not to pay the annual renewable term amount - this number will be substantially higher than the term premium so most people will never pay it -RRB- , the coverage will end and you will need to secure a new policy if you want to continue having coverage in place . It may be a good idea to have a life insurance portfolio that features some term coverage and some permanent coverage , depending on your specific needs . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much .


Input: Can Term Life Insurance Have Cash Value?

Output: Term life insurance does not have cash value , but if you purchase ROP -LRB- Return of Premium -RRB- Term , you will get cash back at the end of the term . ROP Term pays back a percent of what you paid in if you would cancel your policy at some point -LRB- you usually have to keep the policy at least half of the term to get anything back -RRB- . That amount increases , so that you would get a full refund of your premiums if you kept the policy until the term ended .


Input: Can Term Life Insurance Have Cash Value?

Output: Cash Value is a quality associated with Whole Life Insurance . Term Life Insurance does not accumulate cash value . It provides only temporary life insurance for the period of the term . If you wish to build up cash value , you will need to obtain Whole Life Insurance . Whole Life Insurance keeps the same premium all of your life , while increasing the death benefit and accumulating cash value . This is the reason that Whole Life Insurance can actually end up saving money in the long run . If you want only temporary life insurance though , term life insurance can be cheaper at the start , until the premiums start increasing or you are left with no life insurance . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: Can Term Life Insurance Have Cash Value?

Output: Term Life Life Insurance is only coverage from ten to 30 years depending on the policy . Term Life Insurance does not accumulate cash value for term life is only temporary protection pertaining to needs of the policyholder . Whole life is different and will accumulate cash value throughout the years . It is always advisable by me to have a unversal life policy with increasing death benefit , for , it less money and has more value . Mark Taylor 347-650-9967


Input: Can Term Life Insurance Have Cash Value?

Output: That is a great question ! There is a reason why things are cheap . You buy a cheap car , you spend a lot on repairs . You buy cheap clothes , they rip or shrink . Term insurance is cheap because it has very few perks , like a whole life policy would . Your term policy will have no cash value , and will end at a specific time . Because there is no management of your cash involved , and the odds are great that the company will collect from you for years and not have to pay you anything , those policies can be sold very cheaply . About the only way that you can stack the odds back in your favor and get money out of your policy would be to get a `` return of premium '' policy or rider . For a larger premium payment , this allows you to receive back most of what you had paid into the policy . If you have questions , feel free to drop me a line , okay ? Thanks for asking !


Input: Can Term Life Insurance Have Cash Value?

Output: Life insurance is mathematics . There is the probability of death over a certain period of time . If for some reason the company wants to offer a term policy with cash value that can be accomplished . Several policies are available that provide a sum of money upon the termination of a specified period of time . To provide these sums the premium is adjusted to make sure that money can accumulate in the policy .


Input: Can Term Life Insurance Have Cash Value?

Output: Term Life Insurance does not have cash value , but if you get what is called Return of Premium Term -LRB- ROP Term -RRB- , it has a form of cash value . About midway through the term , depending on the policy , it will pay back some of the premiums paid in , IF you cancel the policy . By the end of the term , this type of policy will generally pay back all the premiums you paid in . Some negatives : This cash is not available unless you surrender the policy . If you are table rated , it may be that only the premiums up to standard are paid back to you . The price is substantially higher than regular Term Life Insurance . Some positives : If you bought regular Term Life and invested the extra you would have spent on ROP Term , it could take a return of over 5 % every year on the difference , to earn what you would get back , tax free , by keeping ROP Term to the end . Unlike regular Term , longer terms often cost less than shorter terms , with ROP Term . Finally , getting back all your premiums if you are still alive at the end of the term is a great way to have `` free '' coverage and then get back enough for a final expense fund when the term ends .


Input: When To Buy Renters Insurance?

Output: Renters Insurance should be purchased just prior to moving into the rental unit to insure that personal belongings and liability risk are covered from the inception of your rental agreement . We provide an online format to obtain a quote and buy renters insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Where Do I Get Life Insurance?

Output: You can get life insurance online or from a life insurance agency in your city . Some applications can be filled out with an agent , signed digitally , and go into effect within days . Others can be submitted by a paper application , have an exam done in your home , and may take several months for underwriting to be completed and the policy to go into effect . Having a helpful life insurance agent and case manager can make a big difference in how satisfactory your life insurance experience turns out .


Input: Where Do I Get Life Insurance?

Output: As Peggy said , you can get insurance from a number of places . I always recommend that you obtain life insurance from a local Insurance Adviser who can broker several different companies and help you to compare companies and policies . There is a lot that goes into making the right choice for the insurance that will meet your goals and needs . In my experience most people do n't have any idea of the various benefits that life insurance can offer ... if you make the right choice ! Find an Insurance Adviser that can educate you on the differences , advantages and drawbacks of the different policies available then help you to implement the right one for you .


Input: What Company Has The Cheapest Long Term Care Insurance In Florida?

Output: There really is no company with the cheapest long term care insurance in Florida because the rates for long term care insurance vary according to the health and age of the insured person . Long Term Care is rated for tobacco use , health conditions and other factors . Also , some companies will have cheaper rates for policies that cover couples , have a cost of living factor , etc. . To find your cheapest long term care insurance in Florida , contact an agency that offers an assortment of long term care companies .


Input: Do Medicare Advantage Plans Work?

Output: Medicare Advantage plans are indeed like 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: Do Medicare Advantage Plans Work?

Output: They work very well . They work similar to group health insurance that many people have through their employers . The insured pays very little premium because most of the premium is paid by Medicare . You have a network of doctors and hospitals you can go to with usually an HMO network or a PPO network . The HMO is a more restrictive type of network . The insured will pay co-pays and sometimes deductibles . You will have a maximum out of pocket limit which you do not have with traditional Medicare -LRB- unless you supplement Medicare with a Medigap plan . -RRB- The worst thing about the Medicare Advantage Plans is they are very political . They were brought out during the George W. Bush years and the current administration has stated in several interviews that they would like to end them . However their base of senior voters would not make that easy for them to pull off . Quite a bit of the government funding for Medicare Advantage is scheduled to be cut as part of the Affordable Care Act . That could have a bad affect on the program in future years .


Input: What Does It Mean To Be A Qualified Retirement Plan?

Output: A qualified retirement plan is a government sanctioned plan that generally allows tax deductible contributions like 401 -LRB- k -RRB- s , 403 -LRB- b -RRB- s , 412 -LRB- e -RRB- s , SEPa , IRAs , etc. . There are also qualified defined benefit plans sponsored by employers.These plans accumulate tax deferred and are taxable at distributions .


Input: When Do Variable Annuities Make Sense?

Output: A tax deferred variable annuity , like all insurance or investment products , needs to be suitable to the buyers financial profile , which includes risk tolerance assessment , financial goals and a life expectancy report . A tax deferred variable annuity is a security investment and an insurance product . It has a general interest rate account and separate sub accounts using equities and bond instruments . Tax deferred variable annuity separate subaccounts can lose money . Three items to consider that may make sense for a tax deferred variable annuity purchase : If youre in a high tax bracket , the tax deferral feature could , over time , be of significant value in your investment posture is market driven .


Input: Is Car Insurance Prepaid?

Output: Yes , automobile insurance is typically paid in advance . Normally no less than thirty days at a time . Each carrier sets their own requirements as to the initial payment amount for new coverage . Most carriers allow clients to pay monthly , quarterly , semi-annually , or annually . If you pay your premium in full for semi-annual or annual you may also receive a discount on your rate -LRB- this is solely at the discretion of the carrier -RRB- .


Input: Can Your Health Insurance Company Drop You?

Output: Today a health insurance carrier can drop a policyholder in only very limited circumstances . Generally , this would have to entail some sort of fraud/misrepresentation on the part of the policyholder themselves . For example , saying you lived in one state when your residence is actually in another state . Moving from one state to another could also be a legitimate reason for a carrier to drop your coverage though this is also a qualifying event that allows to enroll in new coverage -LRB- maybe even with the same insurance carrier -RRB- in your new state of residence . Another way that some persons will eventually be impacted by ObamaCare and may perceive that their health insurance carrier is trying to drop them will be what eventually happens to policies that were taken out prior to the passage of the Affordable Care Act in 2010 and that have been maintained since then . While we 've all heard the `` if you like your policy you can keep it '' line , this was never the long term objective of ObamaCare . Maintaining older policies and the legacy systems to support them while also building all your new business to be compliant with the requirements of the health care reform law as a serious administrative burden and cost to the insurance carriers , state insurance departments and obviously it has been a headache for the Federal government too . The pressure will continue to build to phase out pre-ObamaCare policies which , while technically this wo n't represent a cancellation as your insurance carrier will have to offer you replacement coverage that is ObamaCare compliant , will probably feel like you 're having you coverage dropped to many people .


Input: Can Annuities Be Cashed Out?

Output: The owner of the annuity policy can cash out their annuity . Keep in mind that all gain in the policy will be subject to ordinary income tax at your tax bracket . If youre receiving Social Security income , your annuity distributions will count under the provisional income test , which could result in your benefits being taxed as well .


Input: How Much Does Medicare Pay For Cymbalta When The Cost Is $260?

Output: Prescriptions are covered under a Part D plan -LRB- prescription drug plan -RRB- or Part C plan -LRB- medicare advantage plan -RRB- . Every plan has a unique formulary that determines what tier each medication is categorized as or if it is even covered by the plan . Typically brand drugs are a tier 3 or higher and have a higher copay when filled at your in-network pharmacy . Some brand drugs have a generic alternative which puts them at a tier 1 or tier 2 which usually has a lower copay . Some plans provide for $ 0 copay for generics or at least a discount on your copays if you use a mail order pharmacy and may allow you to receive up to a 90 day supply of your medications . Be sure to read about any applicable prescription deductibles and coverage gaps/catastrophic gaps -LRB- commonly called ` the donut hole ' -RRB- that may apply to these plans as that may cause the copays to change .


Input: How Much Does Medicare Pay For Cymbalta When The Cost Is $260?

Output: Cymbalta will have different costs with each Part D RX plan or the Rx plans built inherently into Medicare Advantage Plans -LRB- Part C plans -RRB- . Each plan has a formulary which tiers the drugs and then ties each tier to a copay . You will not find Cymbalta in a lower copay tier with most carriers as they will all have it listed as a tier 3 or tier 4 medication . There are some plans that have lower copays associated with tier 3 however . Most companies charge a $ 45 to $ 50 copay for a one month supply of a tier 3 drug . There are some plans that have a $ 18 to $ 25 copay for tier three which could save you some money . The last thing to keep in mind is regardless of the copay amount , a drug like Cymbalta is going to push you into the Part D coverage gap `` donut hole '' much faster than a lower cost generic would do .


Input: How To Decide Between 401K And Roth 401 K?

Output: The decision is based on when you want your money taxed . In a standard 401 -LRB- k -RRB- plan the money is deducted from payroll and not reported as income . The benefits when withdrawn are fully taxable as ordinary income . With a Roth 401 -LRB- k -RRB- the benefit is paid with after-tax dollars , however , the entire benefit -LRB- principle and earnings -RRB- is free of income tax if the plan has been in force 5 years and you are more than 59.5 years old , disabled or using the money for a first time home purchase .


Input: What Does Loss Of Use Mean In Renters Insurance?

Output: If your rental property is damaged and becomes uninhabitable , you may need to temporarily live somewhere else while your residence is being repaired . Some Rental policys will pay you for increases in living expenses -LRB- housing , food , etc. -RRB- you incur while your residence is being repaired as a result of a covered loss .


Input: What Is Auto Insurance Lapse?

Output: An auto insurance lapse means that under the terms and conditions of the policy , coverage provided by that policy is discontinued . Typically , a policy lapses for non payment of premium . Coverage can be discontinued for other reasons , for example , if an insured decides to cancel the policy or , conversley , if the company decides to non-renew because the risk no longer meets the company 's guidlines as filed with the state Insurance Department . The State of CT , and many others , require that liability coverage be in force as a condition of the registration of a car . Thus , if a car insurance policy lapses , and the state DMV therefore is notified , the result could be a fine or suspention of the car 's registration or both . Likewise , many car insurance companies will not offer coverage for those who have not maintained continuous coverage . In a case such as that , the car ower would end up being offered coverage usually in a non-standard company at a much higher premium .


Input: How Much Should A Term Life Insurance Policy Cost?

Output: The cost for term life insurance depends on one 's age , health and lifestyle , protection amount desired , length of coverage , insurance company rates , etc. . A life insurance professional can quote you options based on one 's specific circumstances and needs . For example , a male age 40 in excellent health could expect to pay as little as $ 1 per day for $ 500,000 of 10 year term life insurance .


Input: Can I Get Disability Insurance In Kentucky If I'm Pregnant?

Output: Disability insurance policies typically have a 9 month to one year waiting period before they will cover pregnancy and childbirth . If you are considering having children , that is the time to sign up for the short-term disability . You may also want to consider a policy with a shorter elimination period . The elimination period is how long you must be out of work before the policy starts paying . Many policies have four weeks or longer elimination periods . The policy will only pay as long as the doctor says you need to be out of work , not how long your company allows you to be off work . The policy also only pays a portion of your salary , typically around 50 % to 60 % . If you dont get a disability policy through work , the next best option is often professional associations . You can also get an individual policy through an insurance agent .


Input: Can I Get Disability Insurance In Kentucky If I'm Pregnant?

Output: Unfortunately , you can not get disability insurance in Kentucky , at least not a policy that would not have an exclusion for pregnancy and childbirth , while you are pregnant . This is true for all 50 states in the US . Short term disability insurance will cover normal pregnancy and childbirth , and long term disability insurance will cover complications of pregnancy and childbirth . But that coverage must be purchased before becoming pregnant .


Input: What Are The Drawbacks Of Universal Life Insurance?

Output: The greatest strength of universal life , its flexibility , also gives rise to its potential for disappointment if the policy was not set up properly or is not managed for the inevitable changes in life . Universal life took off in popularity in the early 1980s because , unlike whole life , it featured flexible premiums , adjustable death benefits , unbundled components which clearly disclosed policy charges and credits and dynamic interest crediting which reflected competitive interest rates . The universal life product type remains popular to this day but with flexibility comes risks of planning to pay premiums when interest rates are high which are too low when interest rates fall , as is the case today . Skipping premiums also presents a risk that the cash value may not remain high enough later to maintain the policy . Over time , all policies must be managed . We recommend a policy review by your life insurance professional at least every three years or sooner to ensure the policy is properly maintained and to adapt where necessary to changes that occur .


Input: What Are The Drawbacks Of Universal Life Insurance?

Output: There are several moving parts in a universal life insurance policy : cost of insurance , premium load , policy loans expense charges , administration and policy fee . There are two sets of rates for each of those moving parts : current company practice and contractual guarantees . The life insurance company can change the current charges to the maximum charges . This right to change could be extremely punitive if exercised by the company , which is the greatest drawback to owning a universal life policy .


Input: Is Long Term Care Insurance Income Taxable?

Output: P ayment of long-term care costs from a long-term care insurance -LRB- LTCi -RRB- policy may be taxable if one owns a `` non-qualified '' -LRB- NTQ -RRB- long-term care policy . There may be a few carriers out there that still sell them . However , most carriers exclusively sell only `` tax-qualified '' LTCi -LRB- TQ -RRB- policies , the payouts from which are not subject to being taxed as regular income . If one owns an NTQ policy , it is important to check to see if it was re-categorized TQ by the carrier . There was a period of time in the mid-90s in which coverage design for TQ policies was mandated , but NTQ policies sold prior to that time were allowed to become considered TQ if the policy owner requested it . For some carriers , it was an automatic retro-action . If in doubt , call the carrier 's claims department to determine the tax treatment of an LTCi policy sold before 1998 , even if the title page of the policy in question specifically states that it is `` not tax qualified '' . A definitive answer may not be given - one may be referred to a qualified tax professional for a final determination . Nothing in this answer is intended to be construed as tax advice . For a specific tax situation , go to www.irs.gov or consult with a qualified tax advisor .


Input: Who Offers Individual Short Term Disability Insurance?

Output: Mutual of Omaha offers individual short term disability insurance . You may also be able to obtain individual short term disability insurance from Assurity Life . There is a very limited number of companies that sell this type of policy . Most people are relegated to getting short term disability insurance through their employers .


Input: What Is The Definition Of Disability Insurance?

Output: Every disability insurance policy has differing definitions and communicates its contractual language in complex clauses or policy provisions . That being said , a general definition is any prolonged illness and/or injury that incapacitates you in your ability to work verifies by a physician constitutes a disability event . Again , make sure you read the policy provisions and have a good understanding before moving forward with your purchase .


Input: What Is The Definition Of Disability Insurance?

Output: The definition of Disability Insurance is an insurance product that provides supplementary income to persons who are unable to work for a period of time due to a disability . Disability insurance pays a monthly cash benefit to persons who have suffered an illness or injury that prevents them from working at their job for an extended period of time .


Input: What Is Max Newyork Life Insurance?

Output: The answer to this questions can vary a bit depending on purpose as maximum can refer to a few different things . New York Life 's maximum internal retention limit is $ 40,000,000 for any single insured under 60 years of age and grades down from there . The maximum you can buy is dependent on your age and your income . The higher your income and/or the younger you are the more life insurance you can traditionally buy .


Input: Is Life Insurance Governed By Erisa?

Output: Life insurance is not governed by ERISA , the employee retirement income security act of 1974 . Life insurance is governed by the state department of insurance . If the life insurance policy is a variable whole life or variable universal life , it is not only governed by the state department of insurance , but FINRA as well because it is a security .


Input: Is Life Insurance Governed By Erisa?

Output: Life Insurance is not governed by ERISA unless it is provided by a non-government or non-exempted employer in a group benefit plan . ERISA does not govern privately held life insurance policies by individuals who purchased them , and ERISA does not oversee the benefits paid to someone with an individual plan purchases outside of work .


Input: What Does Medicare Part A Pay For?

Output: Medicare Part A is your hospital insurance . In general , Part A is going to cover : 1 -RRB- Hospital care 2 -RRB- Skilled nursing facility care 3 -RRB- Hospice care 4 -RRB- Home health services 5 -RRB- Nursing home care Please note , nursing home care and skilled nursing care benefits are generally limited and certain conditions need to be met to provide coverage . If you want to have protection in the event you need long-term care , then you should secure a long-term care insurance policy -LRB- especially while you 're healthy so you can medically qualify for the coverage - it is not guaranteed issue -RRB- . You can visit the Medicare.gov website for specific information regarding exact coverage figures or send me a private message if you have any questions .


Input: Is The Zostavax Vaccine Covered By Medicare?

Output: The Zostavax vaccine , or Herpes Zoster vaccine , is for the prevention of shingles in older persons , those whose health may be fragile , or anyone who wants it . Zostavax vaccine is covered by Medicare Part D , not Medicare Part B . You are responsible for co-pays . It is usually less expensive to get the shingles vaccine at a pharmacy .


Input: Does Long Term Disability Insurance Cover Mental Illness?

Output: Disability insurance can cover mental illness if it was n't excluded from the policy -LRB- typically seen if there was a pre-existing condition for it in the medical history -RRB- . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Who Has The Best Rates For Renters Insurance?

Output: This is impossible to answer with the limited information provided here . Rates for renters insurance can vary greatly from area to area and carrier to carrier.Eachcarriersets their own rates for each area that they do business in . Contact local agents in your area to find out about available of coverageand pricing for the carriers in your area .


Input: How Much Should Term Life Insurance Cost?

Output: Term Life Insurance as with all Life Insurance is base on your age , health smoker or non smoker and your Financial Needs . Typically Term Life Insurance coat Less than Permanent Life Insurance.Term Life will expire in a specific period of time 10 years ,15 years or 20 year Term.For young Families Term Insurance is usually more affordable . Lloyd G Robinson


Input: How Much Should Term Life Insurance Cost?

Output: There are several variables to term life insurance pricing : gender , age , health condition , smoking status , length and amount of coverage . Secondary areas of consideration may need to be address : motor multiple vehicle violations , DUIs , hazardous vocation or recreation . A male or female nonsmoking best preferred rating for ten years $ 100,000 death benefit is between $ 75 and $ 85 a year .


Input: Is Unified National Health/Multiplan a legitimate major Health Insurance provider?

Output: NO ! NO ! NO ! Am I clear here ? If someone looked you in the eye and sold you this company 's coverage as true major medical insurance then you have been scammed . If you went to a web site and went `` Oh , cheap health insurance '' and then purchased it without reading the details you were still kind of scammed but you are also at some fault for not doing your homework . This is what is referred to as a limited benefit health plan . It probably does technically have some insurance components to it that are what are called `` indemnity plans '' which pay a fixed amount for a day in the hospital or for a visit to the doctor or towards other health services . These plans do not meet the legal requirements under ObamaCare to be defined as major medical insurance and to avoid the individual mandate tax penalty . In fact , they did n't meet the legal criteria to be called major medical plans before ObamaCare went into effect . Such plans were often marketed to businesses with lots of low income employees as a `` better than nothing '' alternative to more expensive group major medical plans . Sometimes they are also marketed to vulnerable individuals who do n't understand health insurance and that sounds like the case here . If your son is on a very tight budget then he will either qualify for very substantial premium subsidies in the government health insurance marketplace or for Medicaid . In either case he would have better , more affordable coverage through these options than what this outfit is selling . Also , please do my profession a favor and if an insurance agent has tried to sell you this coverage and told you it was major medical coverage please report him or her to your state 's insurance department for investigation .


Input: Is Unified National Health/Multiplan a legitimate major Health Insurance provider?

Output: Unified national offers short term and limited benefit indemnity based health insurance plans . Short Term plans are made to cover people that recently lost coverage or just need coverage for a few months up to 1 year . Limited benefit plans pay a set dollar amount out towards claims costs . They can help offset costs to an extent but will not provide any type of adequate coverage for a large claim . In general , these plans will not meet the ACA definition as a compliant plan and will not waive the ACA `` Obama Care '' penalty as a result . Multiplan is a national network of doctors that Unified rents so they have a network that can be used . They are a separate company from Unified and are just in the business of renting their network of doctors out to insurance companies that do not have their own network or have a regional or limited network they want to supplement .


Input: Does Home Owners Insurance Cover Siding?

Output: A homeowners policy pays for damage to your home from named perils . If the siding is damaged from a fire or storm , the repairs would be covered . If the siding falls off because of shoddy workmanship , it wouldnt be covered because that isnt a named peril .


Input: Does Home Owners Insurance Cover Siding?

Output: That is a great question ! The answer would depend upon why you want to file the claim . If you are asking if your policy would pay if you decided that you want to add siding to your home , then most likely not . If you are asking if they will repair damage to the siding , then it will depend upon how the damage was sustained . If it was damaged because of some issue specifically named in your policy -LRB- like a fire , for example -RRB- then it would most likely be paid for . If it was any kind of workmanship or wear and tear kind of thing , then most likely it would n't be . I hope that helps - thanks for asking !


Input: Does Home Owners Insurance Cover Siding?

Output: Siding to a home could be covered under a homeowner 's insurance claim if it was named as a specific peril in the policy . Certainly , damage resulting from wind , tornado and fire would be covered . However , normal wear and tear and routine maintenance is typically not covered and you would have to pay those repairs yourself .


Input: Can You Borrow Against Your Homeowners Insurance?

Output: Unlike life insurance homeowners insurance and auto insurance do not build cash values . So , you are not able to borrow against them . Homeowners policies provide coverage for specified losses contained in the policy . You would only receive money from a homeowners insurance policy if you experience a covered loss . This type of coverage is there to help you get back to where you were before the loss .


Input: Does Homeowners Insurance Cover Plumbing?

Output: Usually when asked about plumbing and homeownersinsurancethe question is in reference to leaking or breaking . In this case no , the homeowners insurance does not cover plumbing . However , thedamagethe sudden burst or rupture of a pipe sending water all over the house would be covered if the dwelling suffered water damage . But only the dwelling , not the pipe . If a pipe has been slow leaking over a long period of time damaging the dwelling then most likely the damage may not be covered since the incident is not sudden and accidental .


Input: Is Aaa Life Insurance Good?

Output: AAA Life Insurance Company has a rating of A - by AM Best as of May 31 , 2013 . They offer several types of life insurance products and premiums are guaranteed level , which is a good feature to have . It can be difficult to get AAA life insurance with some health conditions .


Input: Why Get Long Term Disability Insurance?

Output: Disability Insurance may very well be the most important insurance next to term life insurance . The number one asset you have is the ability to produce income . Disability insurance is paycheck insurance if you cant work . Most American workers have 90 days in cash reserves . The average disability is 31 months . The odds are much greater that youll experience a disability event than dying .


Input: How Does A Life Insurance Annuity Work?

Output: An annuity is a long-term savings plan that can be used to accumulate assets on a tax-deferred basis for retirement and/or to convert retirement assets into an income you can not outlive . An annuity is the opposite of life insurance . What they share in common is that both are insurance contracts . Life insurance provides financial protection against the risk of dying prematurely . An annuity provides financial protection against the risk of living too long and being without income during retirement .


Input: Can You Be Denied Renters Insurance?

Output: Insurance is a contract between two willing parties . If the company doesnt like the risk that your rental unit poses , it can and should decline to insure you . In that way it is protecting the other customers who they do insure . There are several reasons that they might decline a rental policy . Possession of a dangerous pet would be one . If the property has a history of losses it could be declined . If you are engaged in a business in the rental unit that could also be a reason a company would decline your property .


Input: Which Retirement Plans Are Qualified?

Output: A Qualified Retirement Plan is a plan that is regulated by the ERISA tax code . This includes 401Ks , Pensions , IRAs/Roth IRAs , SEPs , SIMPLE , Cash Balance Plans , Profit Sharing Plans , and some ESOPs . When an account is `` Qualified '' , with the exception of ROTHs , it means it was contributed to or `` funded '' on a pre-tax basis .


Input: Do Car Insurance Quotes Affect Credit?

Output: Currently insurance companies use what is called a soft pull for your credit score . This should not have any bearing on your credit score . So , feel confident that getting quotes for auto insurance coverage . If you still a bit of dout call your local agent to confirm how your credit history is pulled and used .


Input: Does It Matter Who Owns A Life Insurance Policy?

Output: Yes . The owner maintains all rights of ownership such as cash values , selection of beneficiary and right to make changes , transfer , cancel , borrow , etc. . Often the owner is the insured . But the owner can be any one or entity with an insurable interest in the life insured -LRB- spouse or family member , business , charity -RRB- . Trusts can be used as owners to distribute proceeds according to trust provisions . Irrevocable life insurance trusts are used to ensure life insurance proceeds do not inflate the taxable estates of insureds but make proceeds available to the heirs for estate liquidity .


Input: Does My Job Have To Offer Health Insurance?

Output: Your job does not have to offer health insurance . In fact , many very small businesses do not offer healthcare to their employees , especially if they are all part-time . However , the Affordable Care Act mandates that employers with 50 or more workers must provide medical coverage . If you do not have health insurance available through work , a private plan can be purchased through experienced brokers like us or our top-rated websites . Typically , within minutes , consumers can view affordable plans from the top insurers and easily apply online .


Input: What Factors Affect The Cost Of Home Insurance?

Output: Several factors impact the cost of your homeowner insurance . Insurance companies can take into consideration all of the following criteria : Insureds age , insurance score , policy type , claims history , supporting policies , coverage limits , age of the home , location , protection class , home updates , your deductible -LRB- s -RRB- , replacement cost or actual cash value on your limits , etc. . . As you can see , there are many variables that are taken into consideration . And for what it 's worth , I would use price as only one factor when considering what insurance policy or agent to go with . If you have five agents/companies quote your insurance , I guarantee you 'll have five different quotes . Not all policies are created equal and it is important to understand what value you are getting for your money .


Input: What Is Aarp Medigap Insurance?

Output: AARP Medicare Supplement Plans are insured by United Healthcare . United Healthcare pays a royalty fee to AARP to have them sponsor their Medicare Supplement plans and that is why you must be a member of AARP in order to apply for one of their Supplements . AARP sponsors the plan they are not providing the insurance coverage or paying the claims . After the Medicare Supplement has been issued and in benefit you do do have to renew your AARP membership if you choose not to in order to keep your Supplement .


Input: What Is Aarp Medigap Insurance?

Output: AARP is a politically active lobbying organization and marketing entity , not an insurance carrier . They currently endorse Medigap -LRB- Medicare supplement -RRB- plan underwritten and administered by United Healthcare . Medigap plans are designed to cover the `` gaps '' in Medicare created by deductibles and coinsurance . All Medigap plans are standardized and vary -LRB- within the same letter -RRB- only by price .


Input: What Is Aarp Medigap Insurance?

Output: Hello ! One difference in the Aarp Gap is that in most states it does include a health club membership at no additional charge . A medigap in general also known as Medicare supplements are designed to help cover medicare approved expenses that Medicare does not cover . Have a great day !


Input: What Is Aarp Medigap Insurance?

Output: AARP -LRB- American Association of Retired Persons -RRB- sponsors Medigap -LRB- Medicare supplement plans -RRB- underwritten by United Healthcare . AARP UHC plans are available in every state . They are exactly identical in every way to plans from other carriers such as Blue Cross , Humana , Mutual of Omaha and others . Identical in every way except price . Shop and compare .


Input: Can I Get Auto Insurance With A Learners Permit?

Output: There are insurance providers that will offer insurance coverage while carrying a learners permit but they are limited . My advice is to contact a local independent agent who has a much broader access to various insurance providers . This way the agent can shop around and find you policy that will meet your needs .


Input: Can I Get Auto Insurance With A Learners Permit?

Output: There are insurance carriers out there that will issue an auto insurance policy with just alearnerspermit . My suggestion is to contact a local independent agent who works with many differentinsurancecarriers and they should be able to find you the best fit for your particular needs and future needs as well once you are licensed .


Input: How Do I Cancel My Federal Life Insurance?

Output: I am not familiar with Federal Life Insurance however if it is like any other company you have a few options . First , if you are paying monthly , you could just stop paying . I would recommend sending in a letter to the company however . If you have paid an annual premium , and you cancel your policy short of the next premium due date , then you should get a prorated amount back .


Input: What License Is Needed To Sell Disability Insurance?

Output: A Life & Health Insurance license is required to sell disability insurance . Be advised that just because someone has a Life & Health insurance license does not necessarily mean they are an expert in that area . Disability insurance policies have many variations and are used to address a variety of financial risk needs . Depending upon what your needs are you will want to shop around and possibly interview some different agents before deciding who to purchase your coverage through . An independent agent that is not tied to one particular insurance company 's products may be best able to explore the wide variety of options available in the disability insurance marketplace . You might ask your CPA or financial advisor for professionals they might refer you to in this regard .


Input: What License Is Needed To Sell Disability Insurance?

Output: It is true that some states do not separate their life insurance license from their health insurance license , the majority of states do have these two license separate . To sell disability insurance requires a health insurance license . There is at least one state that considers disability a separate license but does so under the health insurance license so no further examinations are required . You may also take disability specific continuing education course credits to learn more and they will count in most states towards your CE points for both life and health license requirements .


Input: What License Is Needed To Sell Disability Insurance?

Output: While some states may require both Life and Health licenses , Disability Insurance falls under the Health Insurance category . When getting contracted , a few states have a separate Disability Insurance category , but they put -LRB- Health -RRB- after it . At least in some states , you can sell Disability Insurance with just a Health license , as it is a morbidity product .


Input: What License Is Needed To Sell Disability Insurance?

Output: To sell disability insurance , you will need to have a health insurance agent license . Some states may also ask for you to have a life license as well so I would recommend checking with your brokerage you have your contracts through or contact the carrier directly to speak with someone in the agent services department to get an answer for a specific carrier and/or state . Please note , many states charge the same fees whether you 're getting a health license only or both life and health . I would recommend getting your life license as well even if you do n't primarily sell life insurance because you never know if there is an opportunity for a life insurance sale on top of the health insurance sale . Just my two cents on the question . I hope the information is helpful - please feel free to contact me if you have any other questions . Thanks very much .


Input: What Is No Claims Car Insurance?

Output: That is a good question ! Do you mean a no claims discount ? Many companies will offer a discount or bonus if you have a period of time where no claim has been filed . It is considered proof that you are a safe driver , and thus deserve to be rewarded ! Ask your agent if your policy includes that clause . Thanks for asking !


Input: Who Is The Largest Car Insurance Company In The US?

Output: The largest auto insurance insurer is State Farm , who reported 8.7 billion in premium last year . Berkshire Hathaway -LRB- GEICO -RRB- recently passed Allstate to become the second largest insurer . GEICO reported 4.8 billion , Allstate 4.6 . 4th is Progressive at 3.9 billion . Rounding out the top 5 is Liberty Mutual , who recently barely passed Farmers , both being at 2.5 billion .


Input: Does Medicare Cover CPAP Supplies?

Output: Yes , Medicare will cover Cpap supplies for the treatment of obstructive sleep apnea . When first being evaluated , Medicare will pay for three months of Cpap usage and supplies on a trial basis . Once it it determined that obstructive sleep apnea is the cause of sleep symptoms , and that Cpap therapy works in alleviating those symptoms , Medicare will extend the coverage period for which they will pay for Cpap machine and supplies .


Input: Can I Cancel My Health Insurance Anytime?

Output: You can cancel your individual health insurance policy at any time . Typically , contacting your broker or insurer by email or phone will start the easy process . It is possible that at some point , your request will have to be made in writing . The unused portion of your premium will be promptly refunded . Typically it takes about 10-14 days . If you are trying to cancel group health insurance coverage through an employer , it may be a bit more involved . You should contact your HR representative and discuss the best way to terminate your plan . As an experienced health insurance broker with more than 32 years of experience , I have handled many healthcare policy terminations . I encourage our clients to always call or email us for any issue , whether it be terminating coverage or purchasing a new Exchange policy through our website .


Input: Can I Cancel My Health Insurance Anytime?

Output: In the individual market , you can cancel your health insurance at any time : call your agent to discuss , first . You could call the carrier , or if applicable , healthcare.gov if you prefer . Group plans are different ; for more information , you should contact whoever handles health insurance where you work -LRB- usually an HR specialist -RRB- . Exit rules most likely apply , and you will be required to sign a waiver , relieving your employer of any legal responsibility . It is never a good idea to do so unless you are replacing your health insurance with another health plan/policy , and here 's why : Most importantly , if you have any illness , you will want the best care you can get . If you are uninsured , you may not even be seen let alone provided the hospital care , follow-up and long term care you need without it ! The next reason , and this is only mentioned because it may be a consideration to some , but by law , you are required to have Affordable Care Act -LRB- ACA -RRB- compliant insurance -LRB- also known as Obamacare -RRB- , and you will be fined if you dont . The fines for not having coverage in 2016 are as follows : The fee is calculated 2 different ways : as a percentage of your household income , and per person : whichever is higher . Percentage of income ---------------------------- 2.5 % of household income Maximum : Total yearly premium for the national average price of a Bronze plan sold through the Marketplace Per person ------------- $ 695 per adult $ 347.50 per child under 18 Maximum : $ 2,085


Input: Can Debt Collectors Take Life Insurance?

Output: If you are the beneficiary of a life insurance policy , and you owe debt , debt collectors may go after your life insurance proceeds . State law places some limits on the amount they can take . If you are the beneficiary of a life insurance policy and the deceased owed debt at the time of death , debt collectors can not take your life insurance unless you were a co-signer for that debt . They can also go after the life insurance money if there was no beneficiary , but if the death benefit went to the estate .


Input: What Is MVA In Annuities?

Output: Insurance companies sell fixed interest-rate polices , but with market value adjustedannuity , the policyownerassumes the interest-rate risk . And for that risk , the insurance company generally pays a little higher interest rate than it credits for fixed interest rate annuities .


Input: Is Universal Life Insurance Ever A Good Idea?

Output: I think that Universal Life Insurance is a good idea for those who want permanent coverage , but do n't care whether or not their policy has much cash value . You can buy guaranteed no lapse UL policies at very competitive prices that are like that . Indexed Universal Life can be a good choice for younger , healthy persons wanting to use their life insurance policy as a type of investment . IUL uses the stock market to generate what could be higher than normal cash value . But it can not go below zero gains , so if safer than playing the market . Finally , getting Universal Life at an older age , when the premiums are comparative to Term , is a good idea . UL gives you more flexibility so that you can decrease the face amount , increase or decrease the premium , and increase or decrease the duration of the policy very easily .


Input: Is Universal Life Insurance Ever A Good Idea?

Output: It is always tempting to jump on the lowest cost life insurance available - and that is generally term life insurance . The payout on term insurance is less than 2 % . All too often , I meet people that have had a string of term policies throughout their life and see the premiums increase dramatically as they age to the point where they can no longer afford any term coverage . This could be solved with the purchase of a universal life policy . Universal life insurance can last your entire lifetime without having to re-qualify . You never know when you will have a life-changing accident or health issue that can make qualifying for a new policy difficult -LRB- causing prohibitively expensive premiums -RRB- or even a `` decline '' . Purchasing a universal life policy when you are relatively young can provide the necessary , guaranteed lifetime coverage at a low monthly premium and give your family a tax free death benefit upon your passing . Under the category of `` Universal Life '' is Indexed Universal Life which can have significant advantages for folks looking to build up a cash value inside the policy that can help pay for college and even offer an additional income stream during retirement . Life insurance and the type you purchase always comes down to the needs of the individual and their family . Consulting a qualified life insurance professional to determine which type best suits your situation is important .


Input: Is Universal Life Insurance Ever A Good Idea?

Output: Universal life insurance is a good idea if you need greater flexibility than is afforded by an ordinary whole life policy . With a universal life you can select the premium deposits within certain parameters and decide to suspend payments if there circumstances dictate . The flexibility combined with the potential greater return on the cash value are the key reasons why a universal life policy might suit your needs .


Input: How Can I Cancel Medicare Online? I Live Overseas.

Output: That is a great question ! I am assuming that you have moved to your overseas home relatively recently , and had spent time up until then living and working in the U.S. ? I also assume that when you enrolled in Medicare that you opted for a plan that charges you monthly ? -LRB- Because if you are n't being billed , I think I would just let it be , honestly -RRB- And if you are receiving SSI payments , are they worth keeping ? If you are paying for Medicare and not using it , I can certainly understand why you would want to cancel it . Anyway , as frustrating as it can be , it seems as if your only recourse is to do one of two things - give legal authority to someone here in the U.S. to handle your legal affairs and cancel it for you ; or continue to spend the money on the 1-800-633-4227 -LRB- 1-800 Medicare -RRB- phone system . I feel your pain , even the website is frustratingly slow and difficult to manuever . I hope that you can get it sorted out . Thank you for asking !


Input: What Is AD&D Life Insurance?

Output: There actually are not any policies that I know of called AD&D Life Insurance . AD&D policies pay proceeds for death or dismemberment caused by accident , and the death or dismemberment must occur within a certain amount of time from when the accident occurred . Life insurance policies pay for loss of life , period , regardless of how death occurred -LRB- with very few exceptions , such as suicide during the first two years -RRB- . Some Life insurance policies offer an accidental death and dismemberment rider that causes the policy to pay double if death is caused by accident . Those type of policies still pay a death benefit for death due to illness , as well .


Input: What Is AD&D Life Insurance?

Output: AD&D stands for Accidental Death and Dismemberment . This type of coverage only pays a death benefit when certain conditions are met . If the insured dies by illness , the policy pays out nothing . For example , if the insured dies in a car accident , the policy would payout the proceeds to the beneficiary . However , if the insured dies of an illness -LRB- e.g. a heart attack -RRB- , no proceeds will be paid to the beneficiary . This type of coverage can be extremely cheap , however , the risk of dying by accident is very nominal compared to the risk of dying by illness , especially as you get older . Full coverage policies feature higher premiums than AD&D policies , but are very affordable and the ability for the policy to pay proceeds in the event of death by illness is crucial .


Input: What Are Names Of Home Insurance Companies?

Output: There are literally hundreds of insurance companies licensed to write insurance in every state . Some smaller insurance companies are owned by larger ones . if you are in the market to purchase home insurance , you can check your State Department of Insurance , or simply go to Yp.com , type insurance , put your city , state for location . This will give you a plethora of options in your area .


Input: Is Car Insurance Required In Tennessee?

Output: Yes , if you have a car registered in Tennessee , the state requires minimum liability insurance . Some states also allow youtoself-insure if you hold a separate bank account with a minimum amount of funds . It is up to you to determine if the state minimal coveragewill be sufficient for your needs , but usually , we recommend higher levels of coverage . If you would like additional information , pleasefeel free to email me .


Input: How Does Borrowing Against Life Insurance Work?

Output: For permanent life insurance , the policy owner has the right to borrow from the cash value subject to the terms in the contract . So , the owner can borrow life insurance cash values , even prior to age 59-1/2 , without a tax penalty as it is not a distribution . Loans will reduce the policys death benefit and cash value available for use . But use care here since if the policy lapses or is surrendered in full while there is an outstanding loan the amount of the outstanding loan is taxable to the extent that the policy 's gross cash value exceeds the policy owner 's basis -LRB- sum of premiums paid -RRB- in the contract . Policies that have a cash surrender value and have been in force for awhile have a maximum loanable value of close to the cash surrender value . Your annual statement may also have the value for loan purposes . Policies vary widely and there are many factors to consider . The best way to get a current value is to contact your life insurance professional or the insurance company directly .


Input: How Does Borrowing Against Life Insurance Work?

Output: When you borrow against a whole life policy , which I do not recommend unless it is an emergency or special situation , you will get interest charged . You do not have to pay the money back since the loan and interest will be deducted from the death benefit , however interest can accumulate and eat up your policy benefit , so you should always at least pay the interest on the policy . In the case of a Universal Life policy , the same is true however because of the way the Universal Life policy is set up , loans can cause your policy to lapse if you are not careful . Before taking a loan on any policy make sure you discuss it with your agent or if you can no longer find your agent , talk to an agent in your area you can trust .


Input: How Does Borrowing Against Life Insurance Work?

Output: When you buy a whole life insurance policy , your premium goes to pay for insurance protection and part goes towards investment or savings . You can borrow from your investment or savings portion of your whole life insurance . You can only borrow what you have saved in your investment or savings portion . If you borrow , you have to pay back plus interest and if you were to die without paying the loan then your insurance face amount will be reduced by amount of the loan


Input: How Does Borrowing Against Life Insurance Work?

Output: Permanent policies have cash accumulation in them and you are basically drawing out the cash you 've put into them for personal use . There is going to be an interest charged to the money usually at around 6 % where I 'm at , but you do n't usually have to pay that back . You also want to be aware of that if you the accumulation value gets to low and ends up going to 0 then the policy will lapse .


Input: How Much Is Life Insurance Per Month?

Output: The cost of life insurance per month can range from a $ 10 or less , to hundreds of thousands of dollars or more . Why the big spread ? Because the cost of life insurance is based on many things . -RCB- Face amount . You can get life insurance in face amounts from $ 1,000 to millions of dollars . -RCB- Type of policy . Life insurance comes in annually renewable term to permanent . -RCB- Your health . People can have perfect health all the way to terminally ill . -RCB- Your age . A policy for a baby will cost less than a policy for a 90 year old . To find out the best monthly life insurance premium for you , contact a knowledgeable agent who can take your information and shop multiple companies to find the one that best suits your needs .


Input: How Much Is Life Insurance Per Month?

Output: There is a huge range in answer to that figure . I depends on your health , first and foremost , as if your health is bad , you may be completely uninsurable . If insurable , but in bath health , expect the premium to be much higher than if you are in excellent health . Then it goes by age , the younger the less expensive . Then what kind of life insurance do you want , permanent or term ? Term starts out cheaper but become more expensive as years go by . Finally , how much coverage do you want . Certainly $ 3 millions costs much more than $ 100 thousand . A capable agent can find the best package to meet your needs and abilities . Gary Lane , Agent , New York Life , 949 797 2424 .


Input: How Much Is Life Insurance Per Month?

Output: That is a tough one , and my colleagues have pretty much hit the nail on the head . Life insurance pricing is based upon the type of product , amount of coverage and age , health and sex of the insured . Because of that there is qiute a wide range of premiums that can be paid . The best thing to do is talk to your INsurance professional to see what your options may be so develop a solution that fits both your needs and budget .


Input: What Is The Best Disability Insurance Company?

Output: This really depends on who you ask ! We all have a our favorite companies but the `` best '' company is the one that will pay a claim if you became disabled ! I would look for a company that has a good reputation , is highly rated , and is priced reasonably . Also , remember to look into exactly what a policy will cover . For example , some insurance companies will only pay 2 years for a disability from a mental or nervous disorder . However you can find other insurance companies that will pay for the entire benefit period for a mental or nervous disorder . Feel free to contact me with any other questions !


Input: Does Medicare Cover Xopenex?

Output: Medicare frequently changes the formulary list of medications it will cover . The best advice is to check with your doctor or to call Medicare directly to make sure you have the most up to date information possible . Even if Medicare has covered your dose of Xopenex in the past , it may not cover your does tomorrow , especially if the dosage prescribed by your doctor changes . In past years , Xopenex has been covered under Medicare Part B as a part of your outpatient services coverage . Today , many insurance companies cover Xopenex under your Part D prescription drug coverage . Since coverage and cost under Part D can vary from one company to another , the best advice would be to speak to a licensed insurance agent that can help you find the very best value for the exact dose of Xopenex you receive .


Input: Will A Health Insurance Exchange Hurt Small Businesses?

Output: This is a somewhat subjective question . There is debate in both directions on whether or not the exchange will hurt small businesses . For most cases , the exchange will likely increase the cost of offering health insurance , and based on this increase in expense , one could argue that this increase could hurt small businesses .


Input: When Should You Cash Out A Whole Life Insurance Policy?

Output: If a whole life policy is not required any longer , you might consider surrendering the policy for the cash value . Your insured will not be able to secure coverage at an advanced age for the same premium that is currently being paid . Review the options available before selecting cash as other payouts might be better for tax planning and more suitable for the owner .


Input: How Do I Set Up A Qualified Retirement Plan?

Output: A good independent agent who works with retirement planning can help you set up your retirement plan . Depending on your needs and situation , you may choose to set up a simple IRA qualified annuity . If you have access to a 401k at work you have a great source to help get you started . You need the help of someone familiar with retirement planning .


Input: How Do I Set Up A Qualified Retirement Plan?

Output: There are many ways to set up a qualified retirement plan , especially if you are self employed or a business owner . Individuals normally do n't set up a `` qualified '' retirement plan and I do n't consider an IRA a traditional qualified plan although it does have tax benefits . Funding an IRA with an annuity is usually a poor choice for most individuals .


Input: Does Geico Have Health Insurance?

Output: I 'm not aware of Geico having health insurance to offer customers . They offer a wide range of products , including very competitive auto and motorcycle products . But they are not in the health insurance business and I do not expect them to enter the healthcare field , especially with all of the recent legislative changes and challenges .


Input: Can Chiropractors Order X-Rays For Medicare Patients?

Output: Chiropractors may order x-rays for patients who are on Medicare , but you would be responsible for 100 % of the expenses . Medicare can help pay for certain services provided by a chiropractor -LRB- such as when they 're trying to correct a subluxation in the spine -RRB- . Medicare would cover 80 % and you would pay the other 20 % after the Part B deductible -LRB- $ 147 in 2014 -RRB- . I would recommend contacting Medicare to see what specific services would be covered that are provided by a chiropractor .


Input: Who Should Have Medicare Part B?

Output: Most everyone with Medicare Part A should also have Part B . There are exceptions to this generalization . If you have employer group health insurance and Medicare you should know which plan is primary , which is secondary before enrolling in Part B . If your group health plan is a retiree plan , Medicare is primary and you may not need Part B .


Input: Who Much Life Insurance Should I Have?

Output: Many people choose to purchase life insurance in amount that is 10 times their annual salary . Some people add up the important things in their lives that would be threatened if they were to pass -LRB- e.g. possible loss of home , children being unable to attend the college of their choice -RRB- and purchase a policy that would replace the funds needed for those things . If you are purchasing your policy for a specific purpose , such as your funeral or to pay the inheritance taxes on your estate , you can purchase the policy for the anticipated amount . The amount of life insurance you should have varies for each person . Visiting with a good life insurance agent can help you make that determination .


Input: Who Much Life Insurance Should I Have?

Output: If you have people who depend on you financially , you need life insurance . You need to consider three main areas in tabulating the amount necessary to protect your beneficiaries from suffering economic loss at your demise . You need to create a list all debt -LRB- like a mortgage , car loans , credit cards , student loans , future obligations -LRB- like education for your children and weddings -RRB- as well as your earning power to age 65 . Adding up each category will establish a solid foundation for the amount of life insurance you need .


Input: Does Medicare Cover HHA?

Output: Medicare will cover care provided by a Home Health Agency if the HHA is Medicare certified and was ordered by a doctor . In addition , you must qualify by being homebound and requiring skilled care . The skilled care can be skilled nursing care or skilled physical , educational or speech therapy . Being homebound means having extreme difficult leaving home and needing assistance of some sort to do so .


Input: Why Does Suze Orman Hate Annuities?

Output: Suze has modified her disdain over annuities , more specifically variable annuities with income riders , but overall has been punitive on annuities . Most entertainers are taking their cues from show sponsors who have a disposition against annuities , sometimes from misinformation , or just plain ignorance . Annuities are not for everyone . But for those clients , who qualify under its product suitability goals and provisional features , annuities can be an integrated part of a retirement plan .


Input: Can I Get Life Insurance With Ms?

Output: Can you get life insurance with MS ? Yes a couple of ways . Some states allow graded benefit life plans to be sold which could be a solution . The other way , would be based on how your condition is at application . Your personal situation can be reviewed in pre-underwriting and depending on your situation , an offer of insurance could be made .


Input: Can I Get Life Insurance With Ms?

Output: You can get life insurance with MS , or Multiple Sclerosis , the vast majority of the time . Mild to moderate relapsing remitting MS can qualify for a medically underwritten policy , and there are simplified issue plans for advanced complications or progressive MS. If unable to do own ADL 's or in a wheelchair , guaranteed issue policies are available in most states , but those do have a minimum age of 40-50 years old . Medically underwritten policies are not graded , have no limit on face amount -LRB- except what you can financially afford and qualify for -RRB- , and cost less than most simplified or guaranteed issue policies . If you are able to work full time , or have minimal effects from your MS , you can get life insurance just like anyone else .


Input: Where Can I Get Very Cheap Car Insurance?

Output: Nobody wants to pay more they have to for anything , including auto insurance . However , your auto insurance plays a very important role in protecting your assets and making your choice based solely on price is very dangerous . Some people learn a hard lesson when they need the protection of a well crafted auto insurance policy but they do n't have one because they bought on price instead of need . In my almost twenty years in this business I 've seen what can happen if your coverage is n't set up right . I know people who have had their wages garnished for over 25 years because they got sued for a car accident and did n't have enough coverage to pay the judgement . The idea that a plaintiff will settle for the coverage you have and no more just is n't true . They WILL collect , even if it takes 25 years . So , my advice is this : find an agent you can trust and take their advice . Everyone 's on a budget and we can do things to help lower the cost of your insurance without putting all your assets at risk .


Input: When Can I Change Car Insurance?

Output: Most companies will allow you to cancel insurance at any time without penalty . Some charge what is known as a short rate cancellation that might reduce the amount of any unused premium . I assume that you are cancelling the policy because you no longer own the car . If you still own the car I recommend that you purchase comprehensive insurance if the car is less than 10 years old and will not be driven . That will pay for damages that occur to a non-operational vehicle like a tree falling on the car , or windstorm damage .


Input: When Does Life Insurance Policies Go Into Effect?

Output: If a life insurance policy is medically underwritten , it will go into effect after the policy is approved and issued and delivery requirements are received . If it is a No Exam policy , the policy can go into effect as soon as the policy is approved , which could be as short as hours after applying . You must be sure to have enough money in your checking account to be drafted as soon as a No Exam policy is approved .


Input: When Does Life Insurance Policies Go Into Effect?

Output: When the life insurance company has reviewed your application it will make a decision on whether to make you an offer , postpone the offer or decline the offer . If they offer you a price tag that you feel is fair , then you accept the offer , write a check for the modal premium agreed upon and sign the delivery requirements to put the policy in force .