Input: What Is The Difference Between Universal And Term Life Insurance?

Output: The main difference between Term and Universal life insurance is that it is possible to continue a Universal policy all the way through a person 's life even if they live to 100 . I say possible because more often than not it does n't work out that way . But if one were to `` over fund '' the policy in the early years of the policy or continue to increase the premiums they pay as the cost of insurance goes up with their age they could keep the policy going . Where with a Term policy it will end and may not be renewed in most cases past age 80 .


Input: What Dogs Are Not Allowed On Homeowners Insurance?

Output: The breeds of dogs that are specifically excluded from homeowner policies vary by Insurance Carrier . Some Carriers will not even write the policy and other will charge a higher rate based on their particular underwriting guidelines pertaining to dogs and other potentially dangerous animals . According to some of my Carrier contacts , the top five breeds that are almost always excluded are : Pitt Bulls ; Rottweilers ; German Shepherds ; Staffordshires & Chows . However , you need to ask your agent to give you the lists , by Carrier . Some of the other breeds that came up as possible exclusions : Great Dane ; Akita ; Wolf Hybrids -LRB- Yikes ! -RRB- ; Siberian Huskies & Alaskan Malamutes . Also , it is important to remember that many States have ` strict liability ' laws in-place with regard to dig bites from any breed . This means that the homeowner is automatically at fault for the animal biting someone unless there are certain illegal or obvious provoking activities involved , that can be proven in the event of a bite . The key point is to make sure you reveal to your agent the type of dog or any animal , for that matter that could bite a person , including cats . Do not conceal this type of information .


Input: How Much Does Medicare Pay Per Year?

Output: There is no cap on what Medicare will pay per year . If you are having medical services that Medicare covers at all , they will pay their portion . You will be responsible for the deductibles and co-pays unless you have a Medicare Supplement -LRB- Medigap -RRB- Insurance to cover those . Medicare Advantage plans are also not allowed to have caps .


Input: What Is Required To Qualify For Social Security Disability Insurance?

Output: Social Security benefits differ for they are administered before the age of 65 when a person retires . As a result of permanent or lo.get term serious injury whereas a person . is unable to perform their job duties or any required living requirement these benefits are used to financially stabilized and help pay living expenses . If by accident then there are policies that pay in addition to any other benefit .


Input: Does Life Insurance Pay If You Are Murdered?

Output: Once the cause of death is certified as a homicide , then an investigation of all beneficiaries and anyone else who would benefit from the death of the insured takes place . If the homicide is not based directly or indirectly on any of the beneficiaries of the policy , death benefit proceeds should be paid . If the beneficiaries when involved in the homicide , the claim more than likely would be denied .


Input: Does Life Insurance Pay If You Are Murdered?

Output: Does life insurance pay if you 've been murdered ? Yes and No , If your beneficiary murdered you and it can be proven possibly not . Even that is n't certain because it could go to the estate or contingent possibly too . This is a situation where there really is n't one answer but instead a range of individual answers based on the information each situation provides .


Input: Which Life Insurance Is Right For Me?

Output: Life insurance is a financial product for indemnification , income and inheritance planning . All financial purchases must first determine product suitability for the buyer . If your financial liability is temporary , then term life insurance is the main consideration . If your financial liability is permanent , then term life insurance is the main consideration . Indemnification and inheritance are death benefit solutions . An income scenario is cash accumulation solution . For tax advantaged income current assumption universal life has three crediting method options for long term savers and investors : interest rate , indices and separate sub accounts that use market equities and bonds . If the policy is designed with the lowest TAMRA compliant death benefit option , the potential for income is increased .


Input: Which Life Insurance Is Right For Me?

Output: To know which life insurance is right for you , you really need to sit down with an insurance professional who offers a variety of products , and let him/her help you figure it out . I have seen a number of people put in hours of research and worry over what type of life insurance to get , then when they called us to buy it , their health did not qualify them for that type of policy . If you are working with someone who carries a lot of different companies , along with different types of policies , you will be able to find something that works best for your age , your health , your need and your budget . Just 15 minutes on the phone or meeting somewhere can help so much .


Input: What Is The Average Premium For Long Term Care Insurance?

Output: The average premium for long term care insurance depends on age , gender , smoking status , health history , current medical condition , etc. . A $ 300 a month on a long term care policy with an inflation rider , for two healthy nonsmoking 60 year olds , is a fair price for extended care throughout their retirement .


Input: Does Term Life Insurance Include Accidental Death?

Output: It depends on the company that issues the policy , but it is possible to add an accidental death rider to some term insurance policies . It does not come as a standard provision or rider with any policies that I am aware of . In any case an accidental death rider must be added as an option at the time the policy is implemented because riders can not be added after a policy is in force .


Input: Does Term Life Insurance Include Accidental Death?

Output: Yes , Term Life Insurance does pay the death benefit for both accidental death and natural death . This is different from accidental death insurance , or an accidental death rider , that ONLY pay for accidental death . Since far more deaths result from illness than result from accident , it is wise to get regular life insurance . That way you will be covered whether death occurs from natural causes or from an accident .


Input: Does Term Life Insurance Include Accidental Death?

Output: Many companies will include Accidental Death as a rider to the policy . When you request a quote , be sure to ask about adding Accidental Death as it probably will not happen automatically . You will also need to find out the limits are . You may only be able to get half of the base death benefit up to a maximum . Shop around as each company is different .


Input: What Does Homeowners Insurance Cost In Florida?

Output: The cost of Homeowners insurance depends on many factors including , but not limited to , age of the home , distance from the water , wind mitigation , etc. . With that being said it is very difficult to give numbers on what it would cost . The prices are higher on average though in the state of Florida . Particularly certain areas like South Florida , St. Pete/Tampa Bay Area , etc since these areas tend to get hit the most often with hurricanes and have suffered significant damages in the past due to storms .


Input: Can One Person Have Two Life Insurance Policies?

Output: Yes , one person can have two or more life insurance policies . Many people buy a variety of policies because different types of products best meet different types of needs , or simply because they want to diversify the companies with whom their life insurance is with . Insurance companies do not mind how many policies you have , as long as you can qualify for them financially .


Input: What To Watch Out For When Buying Long Term Care Insurance?

Output: What to watch out for when purchasing long term care insurance ? Will `` everything '' work as an answer ? What I have found in my sales of long term care insurance is that it is a long process where we review the multiple options a good Long Term Care policy presents . There are so many buttons and nobs on a policy that you should n't overlook any as you figure out your plan . LTC is really one of the most `` customizable '' insurance policies I have ever run across . So what to watch for ? make sure to tweak every `` button and nob '' a policy offers before you settle on your plan . See what each twist and change does to your plan and price .


Input: What To Watch Out For When Buying Long Term Care Insurance?

Output: Deciding to purchase long term care insurance is an important financial decision so first and foremost be sure to work with an insurance professional with experience in long term care insurance and access to a range of top rated long term care insurance companies . That person can help you select coverage that matches your needs and preferences . There are many choices and different ways to design coverage . For example , what services are covered by the policy ? Some policies may be limited , sometimes to appear inexpensive relative to other policies so ask when benefits begin and if the policy is comprehensive or limited to nursing home care . Recent years have seen many large insurers exit the market so ask about the ratings and financial strength of the insurance companies being quoted and about the insurers history in offering long term care insurance . As you evaluate various policy features and benefits , keep in mind that the choices you make can affect the premiums you pay and the benefits you are entitled to receive . You are unlikely to want to pay for everything you would ideally like in a policy so your choice of insurance professional may be crucial in helping you determine how best to balance premium and benefits in your long term care policy .


Input: Who Offers The Cheapest Homeowners Insurance?

Output: The cheapest homeowner 's insurance can vary , depending on where you live , what your dwelling and other coverage is insured for , and the type of policy that you have purchased . In some areas , State Farm or Allstate may be the most competitive options . But in other areas , it could be Esurance or Geico . As experienced brokers , we shop the top carriers for you , find the best offers and make it easy for you to apply for a policy .


Input: Does Sleep Apnea Affect Life Insurance Rates?

Output: There are some life insurance companies that can rate as good as Preferred for mild sleep apnea that is regularly and well controlled by ventilation therapy . Moderate and severe obstructive sleep apnea will incur a higher cost , and generally require a follow up sleep study at least one year after diagnosis to show that sleep apnea symptoms have gone away with consistent use of Cpap , Bipap or other treatment . Central sleep apnea , uncontrolled sleep apnea , or very severe OSA may be declined by traditional policies , but can qualify for some simplified issued policies .


Input: Does Sleep Apnea Affect Life Insurance Rates?

Output: Sleep apnea can affect one 's rate class . Sleep apnea is diagnosed by having a `` sleep study '' done . The condition is scored based on how many `` episodes '' a person has over a certain period of time , usually per hour . Severe sleep apnea is a contributor to other health issues and has been shown to be a serious risk .


Input: Does Sleep Apnea Affect Life Insurance Rates?

Output: Sleep apnea usually affects life insurance rates , but there are a handful of companies that can rate as good as Preferred or better with very mild , very well controlled sleep apnea , or sleep apnea that has been corrected by surgery . In the case of moderate to severe sleep apnea , uncontrolled sleep apnea -LRB- still having symptoms of excessive daytime sleepiness or not using Cpap or other treatment regularly -RRB- , or sleep apnea that has not been followed up to see if it is controlled , the rate for life insurance can be substantially higher or the policy can be declined . To get the most affordable sleep apnea life insurance rates , get a follow up study done after being put on treatment , use Cpap or other treatment plans every day , and if you have high blood pressure as a result of your sleep apnea , get it under control with medication . Keep in mind that your sleep apnea life insurance rate will also be based on your weight and other health and risk factors .


Input: What Do You Need To Get Health Insurance?

Output: In the era of ObamaCare , all you need to get health insurance is the ability to fog a mirror and make your monthly premium payments . You also need to be a U.S citizen or legal resident . Underwriting with medical questions is no longer allowed so it 's really a matter of selecting a health insurance plan that you want and completing and submitting your enrollment form . Please remember that the ability to purchase individual health insurance is now restricted to either ; A -RRB- the annual open enrollment period which in 2014 begins on November 15th for an earliest effective date of coverage of January 1 , 2015 or B -RRB- you experience a change of life status event such as getting married , divorced , having a child , losing other health insurance coverage and -LRB- this year -RRB- the renewal of your employer 's group health plan can provide an opportunity to purchase individual health insurance coverage .


Input: What Does Non Forfeiture Mean In Long Term Care Insurance?

Output: What does non-forfeiture mean in a Long Term Care Policy ? It means that if you no longer can afford the policy or find a new plan to purchase , that you are n't out prior premiums paid towards that coverage . This is really an important rider to select when purchasing a LTC policy . Down the road for what ever reason , you may want to drop that policy and purchase a new one . Knowing that you will receive your premiums back for care when you need it from your old policy can help you decide how long wait for payout on a new policy which helps with cost .


Input: What Does Non Forfeiture Mean In Long Term Care Insurance?

Output: Non forfeiture in Long Term Care Insurance means that you can receive a reduced benefit if you drop the policy . It is usually equal to the premiums paid in . Contingent nonforfeiture is a reduced benefit received if you are unable to afford the premium because it went up beyond the level allowed by the NAIC -LRB- National Association of Insurance Commissioners -RRB- .


Input: Can A Landlord Purchase Renters Insurance?

Output: The items covered under a renters policy are not owned by the landlord . In fact , that is the whole point . The landlord doesnt have any responsibility towards the personal property of the renter . The landlord doesnt have an insurable interest and can not buy the insurance . The landlord can require that a tenant have a renters policy as a condition to rent property from him .


Input: When Should One Buy Long Term Care Insurance?

Output: Most advisers begin addressing long term care insurance with the clients around age 50 . But the buying public tends to purchase long term care insurance around age 60 . A couple of considerations here : You want to buy long term care when your healthy an relatively young to afford the premiums . But even if youre healthy , whats the predisposition of your family regarding assisted living and nursing home confinement ? If theres negative health history , then buying long term care earlier may be more prudent .


Input: Is Life Insurance The Same As Health Insurance?

Output: Life insurance pays another person , who is called the `` beneficiary '' , when the insured person dies . Health insurance pays for the health care of the insured person himself . So unless life insurance has living benefits that will pay money directly to the insured person in certain situations , life insurance is mainly taken out for the welfare of someone else who would suffer financially upon the death of the insured person . Health insurance is taken out for the welfare of the insured person himself .


Input: Is Life Insurance The Same As Health Insurance?

Output: Life insurance is a mortality insurance product and health insurance is a morbidity insurance product . Life insurance is not the same as health insurance . Life insurance and annuities are insurance mortality products . Health insurance , disability insurance and long term care insurance are morbidity insurance products . Two different actuarial constructs .


Input: Is Life Insurance The Same As Health Insurance?

Output: Is life insurance the same as health insurance ? No , one deals with morbidity , which is health insurance and the other deals with mortality , which is life insurance . Health insurance deals with health issues while the insured is alive . Life insurance deals with things after the insured has died .


Input: Is Life Insurance The Same As Health Insurance?

Output: No , life insurance is not the same as health insurance . Health insurance provides coverage for medical expenses if you get sick or injured . Life insurance provides a death benefit for your heirs when you die . Life insurance may provide some living benefits as well as it is a great vehicle to save money in and avoid market risk and income tax .


Input: What Is PCIP Health Insurance?

Output: PCIP Health Insurance refers to the pre-existing health insurance issues that has certainly helped to bring the confusion of the health insurance industry we see today . Even if ObamaCare does not survive the requirement that all individuals have access to coverage is sure to survive . Should the `` hard heads '' that contribute to their lack of good health have to pay for their diagnosis - sure . But what about the individual that has health insurance issues that are genetic ? It is not fair that they have to face the possibility of bankruptcy because the insurance companies fail to offer coverage


Input: Will Homeowners Insurance Cover Floor Damage?

Output: As a licensed professional agent I would consult with my client as to what caused the damage to the floor . Then I would review the homeowners policy with the client to see if the damage in question is a covered peril . From this point forward we can then together discover if there is coverage and if a claim needs to be made .


Input: Will Homeowners Insurance Cover Floor Damage?

Output: The first thing to understand is an insurance policy is a CONTRACT between you and the insurance company . To determine the coverage available we would have to know what your contract says ... what has the insurance company promised to do ? A homeowners policy covers the home for damage caused by specific perils -LRB- wind , fire , vandalism ... things like that . -RRB- Some things are specifically excluded from coverage , meaning if this happens they wo n't pay for the damage . Common exclusions are wear and tear and intentional acts . Before anyone can answer your questions we need to know ; -LRB- 1 -RRB- exactly HOW your floor was damaged . Then -LRB- 2 -RRB- see if that cause is excluded on the policy . You will also have a deductible -LRB- your part of the claim -RRB- , so is the cost to repair the floor over the deductible ? If the repair is under the deductible you are on your own to pay for the repair .


Input: Will Homeowners Insurance Cover Floor Damage?

Output: Great question . And the answer depends on what you mean by floor damage . Because there are situations that would be covered and situations that would not . For example if there is water overflow of an appliance that soaks a wood floor and destroys it you are likely covered . If the concrete floor in the basement cracks from settling over time , you will not be covered . If a wood floor has to be replaced due to poor workmanship , you are not covered . When in doubt , it is best to report a claim and have a claims specialist determine how the policy language relates to your specific situation . And of course consult your insurance professional to advocate on our behalf .


Input: Does Renters Insurance Cover Eyeglasses?

Output: Eyeglasses are personal property and the Renters Policy pays for personal property damaged by covered perils so in that sense , yes , eyeglasses are covered by the Renters Policy . They would also be covered by a Homeowner Policy and a Condo Policy . However , all those policies come with a deductible . A deductible is money you pay toward a claim . The insurance company pays the excess . Say , for example , it costs $ 300 to replace glasses that were damaged by a covered peril , like a fire . If you had a $ 250 deductible , you would only recover $ 50 . I would suggest , you not submit the claim . Most insurance companies have a threshold of two claims in three years . After two claims in three years , your policy will not be renewed and because insurance companies share claim information , you will not get a competitive offer from any standard insurance company . You will end up paying much , much more money for the same coverage . My advice is to raise your deductible as high as you can tolerate and save your insurance for real disasters . Your question is important and I hope I 've answered it to your satisfaction . If not , feel free to call , fax or email me . Its no problem . I answer questions like this all the time . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com


Input: Can I Pay Home Insurance With A Credit Card?

Output: This is going to depend on your carrier and the payment methods that they are willing to accept . There are some carriers that accept credit cards for premium payments , most still only accept cash , check or debit card . Contact your local agent or your carrier if you are not certain which payment methods they are able to accept .


Input: What Is Medigap vs Medicare Advantage?

Output: What is Medigap vs Medicare Advantage ? Well in simplest terms , Medigap plans allow you to fire your doctor and go where you want within your area and Medicare Advantage plans require you to stay with one primary doctor for the year . If you get upset or want to make your own choices a Medigap plan might be a better selection for you . Medigap plans usually fill in what part A and B do n't cover . Usually you need to purchase part D along with if you want RX coverage . A Medicare Advantage plan works in a similar way , even offering more benefits in many cases , but does require you to work through the plan 's system .


Input: What Is Medigap vs Medicare Advantage?

Output: Medigap works along side your original Medicare helping to pay Medicare covered expenses that are not paid for by Medicare due to deductibles and coinsurance . You will pay a premium for a Medigap plan but your out of pocket exposure in the event of a large claim will be less than with a Medicare Advantage plan Medicare Advantage takes the place of Medicare . While you are still in the Medicare system and protections , responsibility for benefits and claim management are provided by the insurance company , not Medicare . You can not have both a Medigap and a Medicare Advantage Plan since Medicare Advantage has different deductibles and copay 's than Medicare . Premiums are much less than Medigap plans but you will have more out of pocket exposure in most cases .


Input: Can There Be Too Much Choice In A Retirement Savings Plan?

Output: This is one of the great conundrums of investing and saving for retirement . The menu selection is too big and ca n't be adequately understood with such an inventory of investment options . The majority of advisers have a difficult time keeping monitoring and track of all the available product lines .


Input: What Are The Two Main Types Of Health Insurance?

Output: With the advent of the PPACA -LRB- Obamacare -RRB- there may be alterations in medical insurance design . But currently , there seems to be two main ways to purchase medical insurance . One is with a high deductible and an HSA account . The other is a traditional shared 80/20 plan with an FSA account .


Input: Is AMA Disability Insurance Good?

Output: The American Medical Association disability product is underwritten and issued by United States Life and is offered with a pretty substantial discount . The benefits offered under this plan are generally inferior to other individual disability insurance plans that are available from more well known individual disability insurance carriers . These other products offer a better definition of disability , and higher quality additional benefits .


Input: What Will Life Insurance Pay For?

Output: When you buy a life insurance , you choose a face amount for your policy . That face amount is paid to your beneficiary when you die . Unless you buy a policy that has `` living benefits '' , life insurance only pays for death of the insured person . As mentioned above , some policies have features that allow you to receive part of the face amount while still alive . The ability to take this money before death can be triggered by terminal illness , critical illness -LRB- such as advanced cancer -RRB- , or chronic illness -LRB- inability to care for one 's self independently -RRB- , depending on the policy . Permanent policies also can provide money while the insured person is still alive . Cash value that is built up in the policy can be borrowed from or surrendered to use for whatever purpose the policy owner desires .


Input: What Will Life Insurance Pay For?

Output: Life insurance proceeds can be used however the beneficiary sees fit . Many people may look to pay off the parent 's outstanding debts -LRB- e.g. mortgage -RRB- and/or their own , invest the money to help for retirement , or simply save it for a rainy day . In short , it 's their money and they can use it however they want - the proceeds are not restricted to any specific type of use . So why do people buy it ? because it creates a ton of cash when the insured dies . People buy life insurance for a number of reasons such as : 1 -RRB- paying off debts upon their death -LRB- e.g. mortgage , cars , credit cards , etc. -RRB- so their family members are n't stuck with the bills 2 -RRB- paying for funeral expenses 3 -RRB- paying estate taxes 4 -RRB- income replacement - providing monies/income for family due to the loss of income from the insured 's work 5 -RRB- leaving a legacy to loved ones Please let me know if I can be of further assistance . Thanks very much .


Input: What Will Life Insurance Pay For?

Output: That is a great question ! Life insurance canpay for the expenses of your funeral , your left over expenses , and possibly the income you had earned is replaced for some period of time , depending upon the amount of your policy . It will pay out only when you pass , and unless you named a trust with instructions on what you wanted done with the money , your beneficiary is free todo whatever they want with the money . I hope that helps . Thanks for asking !


Input: What Will Life Insurance Pay For?

Output: Let 's see . What will your family need or even want ? Those are the things life insurance pays for . Then there are the things they hate to think about , like your funeral and last expenses . They too are paid by life insurance . Education for your children . Pay off the mortgage for your spouse . Retirement for your spouse . Medical bills for the family . All the things a family needs when both bread winners are alive , these are the things life insurance can cover . Thank you . GARY LANE


Input: What Will Life Insurance Pay For?

Output: What will life insurance pay for ? Life insurance creates cash at death and can be used to create wealth or conserve wealth . Some common uses are for the payment of last expenses , setting up a fund to pay a family income , education funds , emergency funds , taxes ; and more . Business insurance uses include key person insurance and the funding of buy sell agreements . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Why Is Progressive Renters Insurance So Expensive?

Output: Progressive insurance -LRB- based in Ohio -RRB- offers very competitive car insurance rates in most states that they are available . Renter 's insurance is not necessarily their specialty and therefore their prices may be higher than other available options . It 's also possible Progressive has handled more claims than expected , resulting in higher premiums .


Input: Do Car Insurance Prices Change Daily?

Output: No not really . Insurance companies must file their rates and rules with your State Insurance Department and have those approved for use by them . Companies will then monitor and develop experience with the filed rates and may , after a time and usually after several years ' experience , may chose to refile the base rates and rules . In the mean time , the approved rules enable them to adjust individual policy premium based upon that driver 's particular experience . That is why after an accident a policy may increase though the sates base rates would not be .


Input: Do Car Insurance Prices Change Daily?

Output: Insurance companies require state approval for the rates that they charge . Adjusting that rate can be a very lengthy process . In California the process is quite lengthy . Rate adjustments require evidence based upon loss history of the company . This is not something that happens very often , actually .


Input: Does Renters Insurance Cover Stolen Property?

Output: Renters insurance like homeowners insurance will typically provide some limited coverage for theft less your deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: How To Cancel A Life Insurance Policy?

Output: The only reason you should consider canceling a life insurance policy is the coverage for your family , business partners or charities no longer are exposed to economic loss if you were to die . If you have no one that would suffer financially at your demise and you dont need nor desire to make a difference with your children , grandchildren or charities , the send a certified letter terminating or surrendering your policy to the life insurance company . Be advised that you are surrendering cover and with permanent polices you may also have a taxable event .


Input: How To Cancel A Life Insurance Policy?

Output: A life insurance policy can be cancelled at any time . However , you should consult an experienced broker or financial planner to understand any tax ramifications -LRB- or other issues -RRB- . Remember ... before you cancel ... consider the consequences . If you are uninsurable , it may not be a wise decision . But ... back to the policy ... Simply contact the insurer or the agent who sold you the policy . They can easily surrender the contract . Make sure it is a full-time agent .


Input: What Is Extended Home Insurance Coverage?

Output: Extended Home Insurance coverage provides an additional amount of funds in the case that the estimated cost to rebuild a home is more than what the Coverage A limits allow for . This extra coverage would come in handy during a large disaster affecting several properties at the same time in one area . In this situation , the cost of materials and labor may jump quickly due to the high demand as homeowners want their properties rebuilt quickly . Since this is not something that can be predicted , some insurance policies allow for this extra coverage . In most cases , 125 % extended coverage is included in the premium price , but you can also select 150 % extended coverage as well . And , since this coverage does not increase your premium by the same amount it increases your Coverage A limits , it is a very affordable addition and highly recommended .


Input: Is Enrollment In Medicare Part B Mandatory?

Output: No , enrollment in Part B Medicare is not mandatory . Some people put off enrolling in Medicare Part B until the next enrollment period -LRB- or more -RRB- after their 65th birthday because they are receiving good health insurance through the group plan offered at their place of employment . If you are enrolled in Part B Medicare automatically when you turn age 65 , you can turn it down . But do know the consequences of turning down Part B beforehand .


Input: How Much Home Insurance Do I Need?

Output: How much home insurance do you want ? Do you want a policy for a home loan closing that meets the lender 's miniumum requirements ? Do you want to insure a home for what its market value is ? Do you want to insure your home for what it will cost to rebuild it and the necessary costs for debris removal , architectural fees , permits , building code upgrades ? The bottom line is that a homeowners policy produced for a mortgage closing is a minor detail but a homeowners policy when your home is damaged is EVERYTHING . A conversation with an insurance professional will cover these topics relative to your wants to determine just how much coverage you need .


Input: How Much Home Insurance Do I Need?

Output: The best answer that I could provide to this question is ; you should at minimum have your home insured for the amount that it would cost to rebuild it should you have a complete loss . Other things to consider with this coverage are additional endorsements to cover personal items that are not properly covered under the homeowner policy . Are you at risk for flooding , you might want to consider a flood insurance policy . Do you have a finished basement ? You may want sump and sewer coverage . The list goes on and on . I would also suggest a personal umbrella to every homeowner . All policies are not created equal . Please call your local agent to discuss your specific needs and wants so that he/she taylor a policy that best fits you .


Input: How Much Home Insurance Do I Need?

Output: That is a good question . You should maintain as much insurance as it would cost to rebuild your home-including re-engineering the house & carting away debris . We typically calculate that using a per square foot amount . For example , in New York typical rebuild costs around ~ $ 150 per sq.ft of living area although that can vary widely depending upon the year built , quality of construction as well as number of bedroom , bathrooms , kitchens , style of home , garages , etc. . I would highly recommend you speak with an insurance professional to discuss your particular situation . Most insurance companies will require the agent fill out a home cost estimator . This is submitted with many applications for insurance and validates the amount the insurance broker feels it would cost to rebuild .


Input: What Is The Difference Between Life Insurance And Health Insurance?

Output: Life insurance pays the face amount of the policy to the beneficiary named in the policy . The policy does not pay the benefit until the insured person dies . Health insurance is used by the insured person while they are still alive , to pay for their medical care , both to prevent illness and to treat it .


Input: How Do I Qualify For Government Health Insurance?

Output: Depending on where you live , your age , income and other factors - you might qualify for Medicaid , MRMIB , Medicare , etc. . The 2 big enchaladas of healthcare reform ... guaranteed insurability and subsidies , come into effect 1/1/14 -LRB- open enrollment is 10/1/13 - 3/31/14 -RRB- . So if you 're 133 % - 400 % of the poverty line , you 'll receive a subsidy . And ... pre-existing conditions will no longer matter .


Input: Does Shopping For Car Insurance Hurt Your Credit Score?

Output: While your risk score often determines your premium rates , shopping for car insurance , and paying car insurance premiums does not affect your risk score . The insurance company will pull a copy of your consumer report , and an inquiry will be logged on your file . Certain hard inquiries associated with new loan seeking activity dampen your risk score . Credit risk scores ignore the inquiries logged in connection with insurance underwriting .


Input: Can I Get Health Insurance With A Pre Existing Condition In Massachusetts?

Output: Yes . With the PPACA , pre-existing conditions are not able to be used to deny coverage for a patient . Depending on the condition however , some plans will be better suited to your needs than others . A good broker would be able to help you find the plan that is best suited for you .


Input: How Much Tax Is Taken Out Of Life Insurance?

Output: It 's going to depend on the situation and what you 're doing to the policy . Normally the only tax involved in most life insurance policies is the taxes you paid on the premium dollars you used to buy insurance . This is the same thing for the money you spend on groceries or to pay bills . Your normal payroll taxes . The death benefit of most all life policies are also free from taxes . There are going to be certain situations where taxes may be involved but they are rare .


Input: How Much Tax Is Taken Out Of Life Insurance?

Output: Assuming youre addressing death benefit proceeds , life Insurance is generally not taxed at death , but may be includable in the estate . There are also business scenarios , where the death benefit is paid to the corporation that may trigger ordinary income tax or be treated like a preference item which could also trigger the alternative minimum tax .


Input: How Much Tax Is Taken Out Of Life Insurance?

Output: The life insurance death benefit is normally paid income tax free . The cash value in life insurance grows tax-deferred . Provided the life insurance contract is not a modified endowment contract , cash value can be withdrawn up to basis -LRB- premiums paid -RRB- without tax , subject to some limitations in the first fifteen policy years . Policy loans can be taken income tax free provided the policy is not allowed to lapse .


Input: Can HPV Affect Life Insurance?

Output: I contacted a life insurance underwriter for this answer , and they said : `` In general would postpone until a colposcopy biopsy has been done and she has a normal pap '' . Once the pap smear is normal , the best possible rating class is possible even with the presence of the Human Papillomavirus .


Input: Can I Get Life Insurance On My Childs Father?

Output: Yes you can with New York Life . You only need an Insurable Interest . Assuming you receive or are entitled to receive some financial or other remuneration from your child 's dad , then yes , you can insure that interest with Life Insurance from New York Life . Please call me so we can go over the precise details as to how to achieve your goals with Life Insurance .


Input: Can I Get Life Insurance On My Childs Father?

Output: A person can usually get life insurance on their child 's father . Sometimes a court will even order the father to carry life insurance so that their child is provided for if the father should pass away , and his child support end . Whether or not your child 's father pays child support and/or has visitation rights may enter into the underwriter 's decision as to how much life insurance you can purchase on him . Shopping among a number of companies should find you one that will provide you with the amount you desire .


Input: Does Renters Insurance Cover Medical Bills?

Output: One of the common coverages on a tenants policy is called medical payments . Under this provision if someone is injured on your property from an accident causing bodily injury , the policy will pay reasonable medical expenses for up to three years from the date of the accident . There are some limitations . This is particularly useful to provide immediate care .


Input: Can You Get Cash From A Term Life Insurance Policy?

Output: Unfortunately , term life insurance has no cash value to build up . Therefore there is no money to cash out . Think of term life insurance as renting your life insurance and permanent life insurance as buying life insurance . Cash value plans are policies such as whole life and universal life insurance . These are more expensive premiums but do build cash value for times when you need money .


Input: Can You Get Cash From A Term Life Insurance Policy?

Output: Term life insurance does not have cash value , and therefore there is no cash to take out of it . If you buy ROP -LRB- return of premium -RRB- term life insurance , it will pay back all you paid in if you are alive at the end of the term . Many term life insurance policies offer a free terminal illness rider that will allow you to take half the death benefit in cash if you are diagnosed with a terminal illness . And several term policies will allow you to use the death benefit as cash if you are diagnosed with certain critical illness , or are unable to perform two or more ADL 's .


Input: Can You Get Cash From A Term Life Insurance Policy?

Output: Term Life Insurance does not have cash value or the ability to take policy loans , like Permanent -LRB- Indexed/Universal or Whole -RRB- Life . However , there are several major carriers that offer Living Benefit -LRB- Term or Permanent -RRB- policies that will accelerate up to 100 % of the death benefit , depending upon severity of illness , in case of Critical Illness -LRB- Cancer , Heart Attack , Stroke , Major Organ Transplant , Paralysis , etc. -RRB- ; Chronic Illness ; Terminal Illness ; or Death . Accelerated funds can be used for any purpose , such as : medical bills , mortgage payments , household expenses , lost income , long term care , etc. . And , the premiums are comparable to any other policy that only pay a death benefit . I have had multiple clients receive $ 50K - $ 250K after developing a serious illness . It is normally the only Life Insurance I recommend to clients .


Input: What Does Suze Orman Say About Whole Life Insurance?

Output: To say that Suze Orman is not a fan of participating whole life insurance for death benefit coverage is an understatement . She has several online videos castigating the product as a consumer rip off . For most people , Suze believes in term life insurance and investing the difference in price between the two products .


Input: How Important Is Long Term Care Insurance?

Output: Anyone that understands the statistical realities of retirement and geriatric living can understand the importance of long term care for the virtual probability of experiencing assisted living or nursing home care . Its a critical to senior planning strategies and overall their financial health for a future of living longer and remaining financially stronger as we age .


Input: Can Car Insurance Be Backdated?

Output: That is a great question ! If you can find a company that will , I 'd be very surprised . Insurance companies work off of risk . A life insurance company has no risk backdating a policy for you , as it is a certainty that you are still alive when you are asking them to do it . An auto insurer though , has little proof that your auto was n't damaged prior to the date that you are asking for coverage , and as such , are going to be very hesitant to backdate for you , for fear of an immediate claim . I hope that helps , thanks for asking !


Input: How To Get 401K After Leaving A Job?

Output: How do you get your 401k after leaving your job ? Usually you would contact your HR department and see what steps they may require for processing your account . What is important to the situation is what is your plan for those 401k monies . Are you going to roll them over into your new employers plan ? Are you going to roll them over into an individual IRA ? Are you going to convert them to a Roth IRA ? or are you going to take the tax hit and cash your retirement out ?


Input: How To Get 401K After Leaving A Job?

Output: A 401 -LRB- k -RRB- plan is employer sponsored . If you are not employed but have funds to save for retirement you should consider an individual retirement account -LRB- IRA . -RRB- The amount that you can save each year in an IRA is substantially less than in a 401 -LRB- k -RRB- but it might be sufficient for you . If you are self-employed there are modified IRA plans that might suit your needs better .


Input: Can Nursing Homes Take Whole Life Insurance?

Output: To the extent that your whole life insurance has enough cash value , you may borrow to pay bills for whatever reason you wish . However , if you are concerned about paying for long term care , and who is n't , your best alternative to having a long term care policy is to investigate those permanent policies with a long term care rider . There are also other methods to pay for care as well , so contact an independent agent for help and some suggestions .


Input: Can Nursing Homes Take Whole Life Insurance?

Output: Nursing homes can not take your whole life insurance policy away from you , per se . But if you are in the spend down period of going on Medicaid to pay nursing home costs , they will put a limit on how much cash value your Whole Life insurance can have . That amount is around $ 1,500 . If your policy exceeds that amount , you have some choices : 1 -RRB- There is a law allowing people to keep some of their coverage , while using the rest for long term care expenses . 2 -RRB- You may be able to assign your policy to a funeral home . 3 -RRB- If you are looking down the road , you could change ownership of your policy to someone else . But this needs to be done 5 years in advance of going to the nursing home . 4 -RRB- In some situations , you can put your policy into an annuity . Please give me a call if you 'd like me to help you set up a final expense policy that will be protected if you enter an extended care facility , or to help you figure out what to do with coverage you already have .


Input: Can Nursing Homes Take Whole Life Insurance?

Output: That is a great question ! I 'm thinking that the circumstances for asking it are not . It seems as if you are asking if the nursing home can take or somehow be paid by your life insurance policy . Is that correct ? You will get into some legal ground that I am not able to go , but I feel safe saying that I do n't believe there is any way legally that they can take that to pay for services rendered . That said , if this was your ONLY way to pay for the services , and I repeat ONLY , way -LRB- no family , other salable assets , etc. -RRB- you can probably assign the policy to them . That transfers ownership of the policy to them , and allows them to name themselves as the beneficiary , so they get paid , and not you , when your loved one passes . That leaves you with no assets for the loved one 's funeral , so it 's not a real good option . If you 've had the policy for a while , it may have a decent amount of cash value built into it that you could borrow from . That would help for a little while , and is a better option . If I 'm guessing correctly that this was your intent with this question , please contact me so that we can discuss your options in more detail , okay ? Good luck , and thanks for asking !


Input: What Is A Cash Balance Retirement Plan?

Output: The Pension Protection Act of 2006 describes it as a hybrid plan that has both defined benefit and defined contribution features . Defined benefit features a plan document that states the determined future benefit . Any short fall is made up by the employer . Defined contribution can favor business owners and key executives .


Input: What Does Increasing Life Expectancy Mean To My Retirement Plans?

Output: That is an excellent question ! And one that a whole bunch of people are asking . Unfortunately for many people it means that their retirement plans may not fund the retirement they 'd envisioned . For some it means they will need to scale back expenditures more than they 'd hoped . For others still it is a very scary thought , as medical expenses continue to rise , and benefits continue to be cut . For those still able to react to the situation , it means increasing the amount set aside for retirement , and investing in vehicles that can continue to pay out regardless of how long the retiree lives . It means looking more closely at what retirement looks like to you , cutting expenses , and maximizing income.It means a close eye on returns , and better planning . If you have concerns over your retirement plans , please consult with a trusted adviser , and look at where you currently stand , and what options are available to you . Thanks for asking !


Input: What Does Increasing Life Expectancy Mean To My Retirement Plans?

Output: The life expectancy for sixty-five year old men and women has increased by more than ten percent since 2000 . This finding has implications for everyone preparing for retirement . The obvious issue is that if you are already receiving a private pension now that the trustees of that pension are going to be under increased pressure . Returns on investments are quite low and now the time that payments will be required has increased substantially . If you are looking forward to retiring in the near future on a defined benefit pension plan the trustees will be doing what they can to reduce their liability . While this increase in life expectancy will affect private retirement plans , public pension plans and multi-company pension plans might be even more vulnerable . Some of these plans are not subject to the same sort of regulations and are even now facing a shortfall in funding . While this may seem like bad news this increased life expectancy also means that many people are reaching retirement age in better physical condition than in previous years . For many this will allow them to continue meaningful work past their normal retirement age . These extra years of work can work wonders if you delay starting Social Security Benefits and they have the same positive effect on any other retirement benefits that you can delay . If you are planning your retirement plan the effect of an increase in life expectancy means that you can change careers if you wish . I know a sixty-seven year old man who has recently started teaching in a local public school . There are a variety of interesting jobs . It is important to determine your interests and get the training to move into that field when your days working in your current job become less than rewarding . For people who have annuity contracts this could be a wonderful opportunity . As their life expectancy increases the payout on the annuity doesnt change . The annuity could become an extremely important part of their retirement plan . If life expectancy continues to increase annuities purchased today could increase in value and utility . The increasing life expectancy may result in your retirement plan offering a lump sum payout . If you receive that offer you should consult with a Retirement Income Certified Professional . The alternatives presented seem to be based on the same data ; however , there might be some reasons to select one option over another . This might be an opportunity to roll over the retirement plan into an IRA that is invested more aggressively . That aggressive IRA might make the difference when inflation raises its ugly head again . The key message to everyone concerned about increasing life expectancy and what it mean to their retirement plans is that each of us needs to Save more , spend less , invest wisely and , if possible , work longer . Some will spend as much time after age 65 as they do working and that requires planning to make sure that there is sufficient income to meet that increasing life expectancy .


Input: How Much Does It Cost For Car Insurance?

Output: Car insurance rates are based on several variables which are different for everyone . To start , what is your age , what is your driving history ? What car are you driving and how much coverage do you want vs. need ? Some companies look at your credit score as well . I wish I could tell you exact numbers however as you can see , the range could be inexpensive to pretty costly . Always shop around talking to agents to see what can be offered .


Input: Will Home Insurance Cover Vandalism?

Output: It is always best to talk to your Insurance Professional about the terms and conditions of your particular policy , but for the most part , vandalism is a specifically covered peril in most standard Homeowners Insurance policies . Any covered loss if of course subject to your deductible . In a case like this , more than likely the claims professional will be asking for a copy of a police report .


Input: When Is Commercial Auto Insurance Required?

Output: A commercial auto policy would be needed whenever you have an exposure from a business . Where this first rears its head is when you son borrows your car and starts to deliver Pizza . That is a commercial risk and that activity is probably excluded from your personal lines auto policy . Commercial auto anticipates multiple drivers , higher mileage and assorted similar concerns .


Input: When Is Commercial Auto Insurance Required?

Output: That may vary by state in some circumstances . In CT for example the Gross Vehicle Weight of your truck may determine if commercial insurance will be required by the state . Additionally , if you are registering your vehcle in the name of your business , commercial insurance will be required . The bottom line is if you are buying and using a vehicle specifically for your business use , it is a good idea to insure it commercially .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: If the policy you are applying for requires a blood , urine , or saliva sample they will test for nicotine . On almost all life applications there is a question regarding tobacco use . If you lie on the application and live beyond two years , you could probably get away with it however keep in mind that lying on an application is insurance fraud . The best thing is to just stop smoking .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: I tell all of my clients who use tobacco in any form on a regular basis to be honest . More times than not , they will find out , either through blood/urine analysis or through their doctor 's report . Having done this for over 20 years , my experience is that you are better off telling a client up front that you are not going to try to `` cover '' for them to try to get them a better rate or to get their business . They have to bite the bullet , and if they quit for a year -LRB- sometimes longer depending on a companies ' policy -RRB- , then we can go through reconsideration to get them a better rate . I also try to place them with a carrier that is more favorable on reconsideration -LRB- i.e. 1 year versus longer -RRB- . There are a handful of companies that will allow non-tobacco rates , even if you dip regularly .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: Yes , absolutely . Unless you get a guaranteed issue , small face amount , final expenses type policy , they will require a blood and urine test . Any nicotine in your system will show up for weeks . Your medical records will also reveal this . Either stop smoking , or be honest and pay the price . Thank you . GARY LANE .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: Can life insurance companies tell if you smoke ? Usually they can . Either through lab testing or through medical history . Insurance companies use the Medical Information Bureau -LRB- MIB -RRB- which is much like a credit bureau in the sense that your history of medical care is stored there . A person should also be aware that some states have `` waived '' the two year contestability clause on life insurance when dealing with smoker fraud . My state will not allow payment of a death claim only a refund of premium paid if it is found an applicant lied on the application . The state feels no `` contract '' was made to begin with , so the contestability clause does not apply .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: Life insurance companies are not mind readers , but they do their very best to find out if you smoke . If you have a blood test , urine test , or swab , the presence of nicotine will show up in all those tests . If you have ever taken Chantix or other drugs to help you quit smoking , they will see that on your pharmacy record . If your medical records show that you smoke and you have a health condition that causes underwriters to order your medical records , the insurance company will take the word of what is written in your medical records .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: Can life insurance companies tell if you smoke ? No and Yes and it may not matter ... ;-RRB- Depending on the application questions and background work an insurance company may not be able to tell if you smoke . If the application does n't ask many health questions , you may not be saving any money as they have built the cost higher to compensate for fewer questions . Simple rule , more questions , more depth , better pricing . To get the better pricing , you will be asked health questions , they will look at your health history and they will take current lab tests . Another thing to consider if you 're thinking of not disclosing smoking is the fact that in some states the office of the insurance commissioner declares the policy null and void at any point in the life of the policy . It is the exception to the two year contestability clause .


Input: Can Life Insurance Companies Tell If You Smoke?

Output: If you 're applying for life insurance with a medical exam , one of the items they test for in the urine test is nicotine . If the presence of nicotine is there , whatever risk class they approve you at will also be based on tobacco user rates . However , there are a couple of carriers that will consider a non-smoker risk class for individuals who only use cigars and/or chewing tobacco . Please note , even if you buy a non-medical policy and lie on the application about your tobacco usage , if you die in the first 2 years of the policy -LRB- the contestability period -RRB- , and the insurance company discovers that you intentionally misrepresented the information cited on the application , they can refuse to pay out the death benefit to the policy 's beneficiary and only give them the premiums that were paid into the policy . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much .


Input: How To Find Out The Value Of A Life Insurance Policy?

Output: In order to find out the value of a permanent life insurance policy , you can order a current illustration from the life insurance company that issued the policy , or have your agent order it for you . If your agent is no longer around , you can give permission to another agent to order it and explain it to you . This illustration will give you up to date information about the cash value in your policy , your loans and charges , etc. . If you want to see how your policy would perform if you increase or decreased the premium , decreased the face amount , or used cash value to pay premiums , you can order an illustration like that , as well .


Input: What Are The Largest Health Insurance Companies?

Output: The largest health insurance companies are UnitedHealthcare , Wellpoint , Kaiser , Aetna , Humana , HCSC , Coventry , Highmark and Independence Blue Cross . Now ... which companies offer the cheapest rates ? That 's not so easy since prices can vary , depending on where you live . By working with an experienced broker , you can easily compare the best rates from the top-rated companies .


Input: Where To Apply For Disability Insurance?

Output: In order to apply for disability insurance you may speak to manage agent but do some research and get ready to.provide some information so that they may find the best fit for you . As a specialist in the accident field whereas disability questions will arise it 's best to get the lowest rates with high payouts . Also be sure you have knowledge for the difference in workers comp and your own disability policy which is best for on the job , and at home . I am always open for advice and consultation .


Input: Where To Apply For Disability Insurance?

Output: You can apply for Disability Insurance online or by going to an office that sells it . It is a good idea to compare several quotes , so be prepared to either visit several offices , or else use a broker that can offer you products from several companies from that one shop . Some websites -LRB- like ours -RRB- use the services of a Disability Insurance broker so that we are able to find you the best prices , even though Disability Insurance is not the main thing we sell .


Input: Where To Apply For Disability Insurance?

Output: There are large number of insurance providers who offer DI -LRB- Disability Insurance -RRB- . What type are you looking for ? Short term or long term income disability ? Most life insurance providers also offer Disability Insurances . AFLAC offers both short term and long term . New York Life and the Guardian Life insurance of America offer DI . Some applications are more complex than others and of course different providers have different premiums .


Input: Why Do Renters Need Renters Insurance?

Output: To protect the renter and their immediate family from financial hardship in the event of an accident or other loss that is covered by the policy . If the premise experiences a fire or other covered loss the renter would have coverage that provides moneys to secure a new premise to reside and replace their lost personal property . Typically there is also liability protection provided in the event that someone is hurt within the rented premise . There are other coverages also offered in a renters policy . Please read your policy completely to understand the coverage provided and any exclusions that may be contained within or contact your local agent tohave them go over the policy with you .


Input: Will Homeowners Insurance Cover Asbestos Removal?

Output: In most instances the policy will not cover to remove asbestos just because you have asbestos present in your home . We would need more information to answer the question with certainty . If the removal of asbestos is required due to an insurable loss taking place it will most likely be covered as an ensuing loss .


Input: Will Homeowners Insurance Cover Asbestos Removal?

Output: When there is an occurrence that isnt expected or intended by the owner to the property there is coverage . This coverage means physical injury to tangible property and this includes the loss of use . Removal of asbestos would probably not meet this definition of coverage . Check with your insurance agent .


Input: Will Homeowners Insurance Cover Asbestos Removal?

Output: Check your homeowners insurance policy to see what is in the coverage exclusion clause . The wording in a policy exclusion clause may not specifically say `` asbestos '' . Often , broader terminology is used such as `` contaminant '' or `` pollutant '' . In some cases , these terms may be better defined elsewhere in the contract . There is a customer service phone number listed on your policy that should get you a quick answer .


Input: Why Buy Health Insurance Online?

Output: I actually do n't believe buying health insurance online is a good idea . If you go online and complete the information request you will receive quotes on a multitude of plans from Platinum to Silver , Gold and Bronze from many carriers including HMOs , PPOs and HSAs . In California that could be 50-75 different options . I believe working with a licensed and certified health insurance agent who can walk you through the options , ask you important questions about how you use health care and assist you is a much better idea . Working with an agent also does not cost you any money . Same plans and rates online or working with an independent health insurance agent .


Input: Why Buy Health Insurance Online?

Output: I agree with Barry on this one , especially since there is not cost to the consumer to use an agent . You will not pay extra in your insurance premium if you choose to use an agent in the process . All insurance rates are set by the insurance commissioner in each state and can not be changed to include a fee for using an agent . Some agents may choose to charge a fee , instead of taking the insurance commission offered by the insurance company for their services , but they may not take both . So feel free to get some free advice , education and knowledge on these complicated and changing insurance plans . If you do n't you may end up on a plan that does not include your doctor because your Doctor told you he `` takes '' that insurance ... when in reality he only is on one of the insurance companies networks , not all 3 . Use the knowledge of an educated health insurance agent to make an informed decision on your health insurance ... it 's one of the most important decisions you will make to protect your family . I believe the same with Life Insurance . Make sure to glean from an educated life insurance agent before making a `` wrong '' choice . There are so many new options out there that bare further review such a the Indexed Universal Life Insurance plans where you can accumulate cash with a good rate of return and no downside risk of the market . Gaining knowledge is always a good thing ... ask the experts !


Input: Is Whole Life Insurance A Good Retirement Investment?

Output: Whole Life Insurance has many great aspects but using it as a retirement investment is not one of them . There are some companies that are promoting a concept of using your whole life insurance as your personal bank , instead of getting a loan from a bank to buy something use the cash value of your life insurance and then pay yourself back . But when it comes to retirement a whole life policy will not give you the gains needed to fund your retirement . When you look at your retirement saving , whether its your 401K that we are talking about or youre personal saving . Your financial planner should be telling you that you can only talk out about 5 % of the value per year otherwise you may run out of money . Think about that , if you have $ 100,000 in a 401k that will give you a yearly income of only $ 5,000 . If you are looking for options to protect yourself against premature loss and has additional income options for retirement then you should really look at index universal life . A 45yr old male non-smoker could invest $ 150 per month into a $ 100,000 life insurance policy and when he retires at 65 , he should be receiving about $ 6,000 of yearly income , most of which is tax free . This is a great option for most individuals , if you need more help or have additional questions please feel free to contact me .


Input: Is Whole Life Insurance A Good Retirement Investment?

Output: Life Insurance is not an investment ! If you are saving for retirement then you want to look at other sources . Do n't neglect the value of the Whole Life policy however . Whole Life can be a valuable part of the whole portfolio . It protects your family if you die too soon or become disabled and can not fulfill your retirement goals . It is a valuable tool in estate and retirement planning .


Input: Is Whole Life Insurance A Good Retirement Investment?

Output: Participating whole life can be a supplement with or an alternative to a retirement plan . Generally , it is classified as a savings plan , not an investment plan . The product suitability for participating whole life insurance as an income source for retirement is a long term saver with low to zero risk tolerance and no less than a fifteen year annual premium commitment . The participating whole life policy needs to be designed for accumulating the maximum cash values over time . That means the design must use the lowest policy base amount with a combination of a term rider and paid up additions rider . Although historical returns are no indication of future performance , participating whole life insurance designed in this configuration has done well against long term government treasuries by several whole life companies .


Input: Will Homeowners Insurance Cover Foundation Damage?

Output: When it comes to foundationdamageit would really depend on what caused the damage . In most casesfoundationdamageis caused by settling which is not a covered peril so there would be no coverage . I highly recommend you discuss this potential loss with your agent about the nature of the foundation damage to see if there would be coverage on your policy


Input: What Is Voluntary Critical Illness Insurance?

Output: Voluntary Critical Illness Insurance is coverage offered through the place of business at group rates . The employee may voluntarily purchase the critical illness policy and pay for it 100 % from their own funds , or the employer and employee may split the cost in some way . It pays a lump sum to the employee if they should develop one of the illnesses listed in the policy .


Input: What Is Voluntary Critical Illness Insurance?

Output: Voluntary Critical Illness Insurance is critical illness insurance offered through a group plan at one 's place of employment , that you decide whether or not you want to purchase for you and/or your family . If your employer provides some critical illness insurance to you , it is the amount above that portion that your employer provides free of charge .


Input: Does Mary Kay Provide Health Insurance?

Output: There are two types of employees at Mary Kay as there are with other organizations that utilize independent consultants to market their products . Home office employees typically are permanent W2 employees . Mary Kay most likely provides health insurance benefits for this employee segment . Independent consultants work as 1099 employees . Most 1099 employees are not offered health insurance . Mary Kay probably follows this pattern as well .


Input: Does Homeowners Insurance Cover Broken Sewer Pipes?

Output: It may . Whether or not the broken sewer pipes are covered by your homeowners isnurance policy is going to depend on if the damage was caused by a covered loss . If the broken sewer pipes claim was covered you would also be susecptable to your policy 's deductible . Please read your policy completely to find out about the coverage offered and any exclusions that may be contained within or contact your local agent to have them go over the policy wilth you .


Input: Does Homeowners Insurance Cover Broken Sewer Pipes?

Output: A homeowners policy provides coverage for damage sustained because of specified perils . It is very difficult to imagine a situation where this might apply to sewer pipes . The most common conditions that could lead to sewer pipes being cracked is earth movement and flooding and both of these perils are specifically excluded in most homeowners policies .


Input: What Is Employee Supplemental Life Insurance?

Output: There are many forms of supplemental life insurance . The previous answer touches on the most common form - policies that allow employees to buy up from the group master contract . Sometimes the policies are convertible to an individual policy if the employee separates from the employer , sometimes not . There are other forms that do not require an employer contribution . If enough employees choose to participate those with pre-existing conditions can purchase a policy through payroll deduction without the need to answer medical questions , or take a medical exam . These supplemental policies are almost always portable .


Input: What Is Employee Supplemental Life Insurance?

Output: Group benefits often cover up to $ 50,000 of life insurance without paying premium and is not taxed to the employee as a benefit . However , employees may have the need for more than jus $ 50k of life insurance . In these cases , the employer , makes available supplemental life insurance , which supplements or adds to the base benefit the employer extends to each employee . The supplemental life insurance can be purchased typically through payroll deduction and is usually purchased in increments of $ 5,000 or $ 10,000 .


Input: How Can I File A Complaint Against An Auto Insurance Company In Illinois?

Output: WEBSITELINK Follow the link and it will walk you through the process . If you need further assistance please do not hesitate to contact us . The Illinois Department of Insurance is there to assist you with your complaints . They do take them seriously and you can expect contact from them directly .


Input: How Can I File A Complaint Against An Auto Insurance Company In Illinois?

Output: Yes you can , all you need to do is contact the state department of insurance -LRB- also known as the insurance commissioners office -RRB- . If you are an IL resident , you can file your complain with the IL department of insurance . If you are not an IL resident , you would generally file the complaint with your state 's department of insurance . If this is insurance you own , then the insurer is permitted to do business in your state and is bound by your state 's insurance laws , and your states department of insurance will help inforce the state 's laws .


Input: How Does Health Insurance Work For A Newborn?

Output: Health insurance on newborn 's is pretty much the same as for any age child . Most policies will cover the child from birth if they are added on to the parents policy within the specified time frame -LRB- usually 30 days -RRB- . The health insurance plan will cover injury or illness of the newborn as well as most routine check ups and inoculations


Input: How Much Does Health Insurance Cost A 23 Year Old?

Output: Great questionl . 23 years old cost for health insurnce is around $ 50 - $ 75 a month . There are factors that insurance companies look for such as if you smoke , weight . The cost is minimal depends on the plan you pick also some plans offer dental and vision as well so you can have a comprehensive plan .


Input: Why Do I Have To Have Renters Insurance?

Output: Your Landlord may require you to carry a tenants -LRB- renters -RRB- policy . They would do this for two reasons . They want you to understand fully that they are not liable for any loss to your personal property located in their rental unit . They also want you to understand that you are responsible for any lawsuits arising from your occupancy of their unit . The premium for a tenants policy is modest and should be considered regardless of whether it is required .


Input: Does Auto Insurance Cover Civil Suits?

Output: The short answer : it can cover civil liability if it arises out of negligence due to the driver . Your third party coverage , which is usually denoted as bodily/physical injury are your limits for injuries to other drivers . For example , many people have $ 100,000 / $ 300,000 split limits for bodily injury . This means that your insurance company will cover $ 100,000 per person and $ 300,000 total per accident . Depending upon your policy , attorney 's fees are either included in this limit or have a separate limit . If included in the limit , legal defense expires once the insurance company has paid out the total amount of the policy -LRB- i.e. $ 100,000 per person or $ 300,000 for the accident -RRB- . A good way to avoid being left with huge attorney fees is to either purchase much higher physical injury limits or get an umbrella policy . The umbrella will kick in after you have used up your physical injury limits and cover you up to the stated amount of the umbrella policy . Again , keep in mind that you will only be covered if your negligence is covered within the policy .


Input: Who Offers The Best Health Insurance?

Output: The best kind of health insurance is the kind that is best for you . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` best '' -RRB- for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the new Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or youremploymentwas terminated , you lose the coverage . Anindividual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . Let me know if you have any other questions . Thanks very much !


Input: How does the loan feature in a life insurance policy work?

Output: Loan features in a life insurance policy depend on the length of the policy and the cash value that has been built up . You can borrow against the cash value and continue to earn interest on your policy and make payments with a low interest rate to replenish the policy . You may also have a life insurance policy that allows you to borrow from the death benefit and take it as a loan that does not have to be paid back . Your cash value will continue to build and increase the death benefit .


Input: Will Unemployed People Have To Buy Health Insurance?

Output: No , you do n't have to have health insurance . However , underthe Affordable Care Act , if you do not want to buy a health plan , you will have to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . Many individuals have options for group insurance through their employer or they are on Medicare or Medicaid . If you decide to buy a health insurance plan , then you would either need to buy it on or off the health insurance exchanges . Buying on the exchanges is beneficial if you qualify for a subsidy . Subsidies can only be used for on-exchange plans - they can not be used towards plans sold off the health exchanges . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . Please let me know if I can be of further assistance . Thanks very much .


Input: Is Mental Health Covered By Insurance?

Output: Great question ! One of the great things about the Affordable Care Act -LRB- Obamacare -RRB- , like it or hate it , is that it increased coverage for issues that were n't covered before . One of these is mental health care . If you have a policy purchased through the exchange , or after the beginning of this year , then there are certain services that are free , and others that have the usual deductible and co-pay requirements . Take a look at your individual policy , or contact the service provider to know for certain what you will be obligated to pay for . Thanks for asking !


Input: Is Mental Health Covered By Insurance?

Output: Mental health is covered by most health insurance policies , but NOT all of them . I 'll explain : As a health insurance broker that has more than 33 years of experience -LRB- The time went fast ! -RRB- , this topic is often discussed . Any newly-issued Marketplace -LRB- Obamacare -RRB- policy must contain specific mental health benefits . It is one of the 10 `` essential '' benefits that legislation mandated to be covered . Many `` grandfathered '' plans do not cover these types of benefits , which is perfectly legal . And of course , you may have these types of benefits , but a deductible and/or coinsurance may apply . However , `` short-term '' plans -LRB- that are not ACA-compliant -RRB- are very popular , especially for persons that missed Open Enrollment or simply want no part of the Affordable Care Act . Typically , they do not cover mental illness expenses .


Input: Is Mental Health Covered By Insurance?

Output: If your health insurance policy is not a grandfathered plan put in place before the Affordable Care Act -LRB- ACA -RRB- provisions went into effect and certainly if you have enrolled in a major medical policy after January 1 , 2014 then the answer is `` Yes '' . Under the ACA law health insurance plans must treat mental health and substance abuse problems as any other illness . In addition , there are now provisions for preventive care services in relation to some mental illnesses , depression screening and behavioral assessments for example , that must be covered at no cost to the member . A policy holder should carefully examine the provisions of their own policy or call their insurance carrier 's member services department to verify what services are covered , where they are covered and what coverage provisions of your contract your needed services are subject to . For example , if you are an individual who enrolled in a Bronze level plan and youneed mental health services that are not preventive in nature but are for actual treatment then it is a virtual certainty that these services will be subject to your plan 's deductible and/or co-insurance provisions before you begin to see the insurance carrier paying for these services . In many cases this could be an amount in excess of $ 6000 before you would cease paying out-of-pocket for any services . Also , verify which mental health/behavioral health providers and facilities are in-network with your provider and determine if you have to be pre-certified to see any of these providers before you seek care in a non-emergency situation .


Input: Is Aetna Health Insurance Any Good?

Output: I have marketed Aetna health products for more than a decade , and have had fewer few complaints or problems from any of my customers . That side , when it comes to health insurance , there are always some complaints , most ofnte regarding premium increases . In that regard , in most states , Aetna 's history of increase tend to be comparable to other companies selling coverage in the same area . When seeking the best coverage for your personal situation , it is always best to contact an licensed , independent agent that works with all of the major companies in your area . Their service is free , and can help you save thousands of dollars in the very near future , especially if you have any major medical claims .


Input: Does Homeowners Insurance Cover Retaining Walls?

Output: It is unlikely . It is always best to talk to your Insurance Professional about the specific terms and conditions of your particular policy of course . The policy does cover `` other structures '' on your property such as sheds , fences etc. retaining wall by it 's nature is build into the earth , however so the greatest potentai hazard that might cause damage to it is earth movement which is excluded in your policy . This is much the same situation with a patio or your driveway as each of those are also build directly into the earth . Now , that having been said , should any of these be damaged as a result of a negligent act of someone else , like a contractor whom you may have on your property working for you , there may be coverage under their commercial liability policy .


Input: What Is The Average Car Insurance Rate In Utah?

Output: Auto insurance is priced based on several variables including : The type of car covered The age , gender , and marital status of the insured The coverage amounts elected by the insured For this reasons it 's difficult to say exactly what you 'd pay for coverage in any specific state However it is potentially noteworthy that Utah ranks number 12 within the nation for cheapest states in which to purchase auto insurance . This statistic comes from Bankrate .


Input: How Long Does It Take For A Renters Insurance Claim?

Output: Claims services depend upon the company but also upon the insured who should be able to provide all of the detailed information necessary for the claims professional to handle the case cleanly and efficiently . Once you report your claim and it is opened ewither by your Insurance Professional or directly with the company , you should expect to be contacted by the claims professional to whom your case has been assigned within 24 hours . Once in process , your claim professional should be able to handle most clean claims very quickly .


Input: How Long Does It Take For A Renters Insurance Claim?

Output: A renters claim needs information . As soon as the information can be assembled , settling the claim is quite quick . The company does have a right to investigate . In a recent claim the customer claimed the loss of photographic equipment from his car . The amount of equipment claimed couldnt have been crammed into the car . In addition , he advertised himself as a professional photographer . Business equipment isnt covered . However , the process of investigation is not lengthy and the adjuster is trying to get the claim closed as quickly as possible .


Input: How Long Does It Take For A Renters Insurance Claim?

Output: A renter 's insurance claim does not take long to process . Typically , you call the insurer or broker and provide basic information . Some additional information may be needed and it is possible that an adjuster will visit the house or apartment . A short time later , assuming the claim was approved , a check will be sent .


Input: I need to purchase disability insurance for our library can you help?

Output: Yes , we can help you however I will need to get more information . First , what state are you located in ? I have to be sure what products are available to you . Second , I would like to find out why you are not happy so we can make sure we can provide you the service you require . Feel free to reach me at matt@pegasusii.com or call me at -LRB-720-RRB-708-5498 . Thank you .


Input: How Much Is Medicare A And B?

Output: Most people will receive Medicare Part A without paying a premium . If you , or your spouse , paid Medicare taxes during your working years you may not have to pay a premium for Part A. Others will be required to pay up to $ 441 in 2013 . The Medicare Part B premium for 2013 for most people is $ 105 . If you fail to sign up for Part B when you are first eligible you may be required to pay a late enrollment penalty of up to 10 % per year for every year you were eligible but failed to sign up . Higher income individuals may pay a penalty . In determining your penalty premium , Medicare considers your income from prior tax returns -LRB- from 2 years ago -RRB- . The penalty plus base premium is graduated based on income and can be as much as $ 335 in 2013 .


Input: How Many People Have No Life Insurance?

Output: According to LIMRA , 56 % of households in the United States had no individual life insurance in 2010 . According to survey results taken in Aug , 2013 , four in ten families said they would have trouble meeting their living expenses if a primary wage earner were to die . Yet , the vast majority of people surveyed overestimated how much life insurance costs , and therefore , felt they could not afford it .


Input: How Many People Have No Life Insurance?

Output: The desire to have Renters Insurance is one that varies in different geographic areas ; the decision to purchase Renters Insurance is either due to sense of responsibility , the requirement by the Landlord or both ! Renters Insurance is a very valuable and inexpensive option to cover the tenant fromthe results of a Negligent Act ; this would be covered by the Personal Liability section of the policy , this part is also not subject to the deductible on the policy . In addition to the Personal Liability section , thepolicy will offer protection for Personal Contents against a number of perils including Fire , Theft , Water Damage and a number of additional perils listed on the specific policy . Coverage forms vary from State to State . There is an online method to obtain a quote and purchase renters insurance online directly in multiple States ; the following linkwill be very helpful : WEBSITELINK It is our recommendation to select the highest available Liability Limit , the sufficient amount of Personal Property and a high deductible ; these selections will produce ample coverage with a low premium rate . For additional questions and/or assistance not available on the automated process , we recommend contacting a licensed professional for guidance .


Input: Does Medicare Cover Botox For Migraines?

Output: Medicare will , in some cases , cover Botox treatment for migraines and other severe headaches . If all other treatment protocol 's have been attempted and proven unsuccessful , Medicare may pay for your treatment . The claim will need to be carefully documented by your doctor , including a history of past treatment regimen . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans


Input: How Much Does Life Insurance Cost In West Virginia?

Output: Life insurance rates are generally similar from state to state , New York being one of the exceptions . There are local brokerage agents that have access to brokerage firms that offer an inventory of competitive carriers . The same is true online , except you can perform you own state specific due diligence search .


Input: How Much Does Life Insurance Cost In West Virginia?

Output: The cost of life insurance in West Virginia is usually the same as in the rest of the United States . To get an actual quote for life insurance policies for residents of West Virginia , you can visit a website that offers instant quotes and input different ages , face amounts and term lengths . However , these quotes are for the healthiest people ; the cost of life insurance for persons with health problems can be much higher . Calling the website or a local agency is the best way to find out the cost of life insurance in West Virginia for you .


Input: Is Mortgage Life Insurance The Same As PPI?

Output: Yes and no . PPI or payment protection insurance is an add on to some loans that provide insurance like coverage to make the payments that come due when some event occurs that would typically prevent the borrower from paying the payment when due . In the traditional sense of mortgage protection insurance , the insurance pays the remaining payoff balance on the mortgage in full rather than simply paying the payments due . Full payment of the mortgage balance ensures that the surviving spouse or family has full ownership control over the real estate .


Input: What Is A Health Insurance Deductible?

Output: A health insurance deductible is the amount you must pay before your benefits `` kick in '' and begin paying -LRB- for most services - some benefits , such as preventive care , provide coverage immedicately -RRB- . The deductible amount varies by plan . For example , under the new Affordable Care Act , a catastrophic plan may feature a $ 6,350 deductible , a bronze plan may feature a $ 5,000 deductible , a silver plan may feature a $ 3,000 deductible , a gold plan may feature a $ 2,000 deductible , and a platinum plan may feature a $ 0 deductible . These figures are not the same for all plans on each metal level .


Input: Who Are The Best Homeowners Insurance Companies?

Output: The best homeowners company is the one that stands behind you when you suffer a loss . The best policy is one that meets all or most of your obligations during a claim . Every company licensed to do business in a state is supervised by the state insurance commissioner . Additionally their ability pay claims is supervised by the commissioner in the state where they are incorporated . Insurance companies set their rates and their rates are approved by the state commissioner . These vary by company on the same piece of property . The savings you make by choosing the cheapest policy could be erased in a minute if you have a loss that is not covered . You could be bankrupted .


Input: How Necessary Is Long Term Care Insurance?

Output: The average American retired couple will pay $ 250,000 in medical and extended care over their retirement . The life expectancy of baby boomers will more than likely exceed those of their parents by ten years . Retirement funds will be stretched thin for regular domestic monthly bills , that donot include extended care .


Input: What Is Multiplan Health Insurance?

Output: Multiplan health insurance is not health insurance . Multiplan is a national PPO network that is used by some health insurance carriers either as a primary network or secondary . There are medical discount plans that promote the benefits of the Multiplan network but discount plans should never be considered a substitute for true major medical coverage .


Input: Who Is Covered Under My Car Insurance?

Output: May depend by State or plan . Unless excluded specifically by some insurance companies ' plans , car insurance usually covers anyone using the vehicle with permission , includingspouse and dependent relatives.But there may be limitations on certain first party coverage -LRB- Personal Injury Prot , Physical Damage -RRB- for `` licensed household resident members '' . Any `` licensed household resident member `` must be stated on the application for insurance -LRB- a sister , brother , grandma , uncle , FRIEND , significant other etc. . -RRB- . If not , and that person ins involved in an accident , carrier will most probably deny claim . Insured may sign an exclusion if they do n't want `` Granny '' to be included , but is `` Granny '' then is involved in an accident , there will be problems .


Input: Does Health Insurance Cover A Dietician?

Output: Most health insurance policies will cover nutrition counseling through a dietician though under what circumstances can vary significantly from one insurance carrier to another and from policy to policy . Remember , many larger employers are self-insured which gives them much greater say in what is covered under their plans than groups using fully insured health insurance plans . The bottom line is that you need to look at your policy 's summary of benefits and possibly contact your insurance carrier to verify what your coverage would be , for what conditions would it apply , and for how many visits or for what length of time . Generally a medical diagnosis for a condition such as diabetes , high cholesterol and/or high blood pressure or anemia -LRB- among others -RRB- would be situations where the services of a dietician could be viewed as medically necessary . Getting sports dietary nutrition counseling so you can become a marathon runner for example would not meet that criteria and is highly unlikely to be covered under your health insurance .


Input: How Much Is Medicare Part A Deductible?

Output: Medicare is complicated as there are several different coverage `` lines '' , for example Part A ; which is hospitalization . Original medicare has a deductible for each benefit period of 1,260 . If you have a Medicare Supplement , your deductible is paid by the supplement plan and you pay nothing .


Input: How Much Is Medicare Part A Deductible?

Output: The Medicare Part A deductible for 2013 is $ 1184 per admission . Once you satisfy the deductible , Medicare covers all approved inpatient charges in full for the next 60 days of that hospital admission . If you are discharged within the 60 day time frame and readmitted within 30 days to the same or a different hospital for the same condition you do not have to satisfy a new deductible . If you are admitted for a different medical condition you must satisfy a new $ 1184 deductible .


Input: Is Water Damage Covered By Renters Insurance?

Output: More than likely not your renters insurance . It really depends on the cause of the water damage . If the damage is caused from a broken pipe or water coming from another unit then liability coverage of the landlords policy or the other tenants renters policy may come into play for payment of the claim . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Are Life Insurance Proceeds Protected From Creditors In New Jersey?

Output: Life insurance proceeds are usually protected from creditors in New Jersey and every state , as long as the beneficiary is a live person . If the beneficiary is the estate by choice or by default , because the beneficiaries listed on the policy are deceased , then the creditors can attempt to collect on the life insurance proceeds during probate .