Input: What Is Cost Of Term Life Insurance?

Output: All life insurance is based on Commissioners Standard Ordinary Tables -LRB- CSO . -RRB- If you search the web you can see the actual tables . Companies modify the tables very little as they represent millions of lives and the information in the table is deemed quite accurate . The result of the tables is that the company can determine the number of customers at any given age that will die during a year . Since the company is sharing the risk , they know that if 1 % of the population at a given age will die in the following year that they need to charge at least $ 1 for every $ 100 of face amount that they issue . Since the company sells term insurance in increments , they might offer a one year term policy , or five , ten , twenty , thirty or even term to 65 . To determine the premium they compute how many customers will probably die in each year the policy covers and compute the amount of money they will need to have on hand to pay the death claims . In addition the companies have costs which are also included to establish the published premium that they charge . This premium is generally considered the premium for their standard risk . If for medical reasons the individual has a higher or lower than average life expectancy the company can compute a discount or surcharge depending upon the situation . This computation is based on further studies and is highly factual . However , there is also the underwriting process which might recognize a potential risk and automatically assign it a surcharge or table rating . These premiums are then presented to you the consumer . Different companies will have slightly different rates and there is quite a bit of noise made about that stir . The facts are that most term policies terminate without paying a death claim . Those that pay a death claim , the amount of coverage becomes the key issue , not the premium . The death benefit is going to be multiples of the premiums , whatever it was . The agent is the key player in this process . Carefully evaluating the amount of money those that you love will require requires the steady hand of an agent who understands your needs and the type of plans that he or she have available . Matching your ability to make premium payments with the amount of coverage you require is the agents task . Selecting the best agent might be the most important thing that you do in this process . While term insurance is highly touted as the only way to go . You might find that there are some risks that will extend long after the term policies are scheduled to the dust bin . For those risks , permanent insurance may be more appropriate . It is a flexible product and could enhance your financial plan in other ways . The permanent plan is more likely to be in force when a claim is made . In that way it is actually cheaper than the term policy .


Input: What's The Best Life Insurance To Purchase?

Output: The best life insurance to purchase is the one that best suits your needs , fits your budget , has some solid guarantees , and is one that you qualify for . It is almost impossible to assess all that without some help from an agent who has multiple resources and is willing to guide you through the decision making and application process .


Input: What's The Best Life Insurance To Purchase?

Output: It takes a skilled agent to personally craft an insurance program for you . You can buy policies in many places but those who you love are individuals , your financial situation is personal , your attitude towards charities is different . You are unique . Your insurance program should fit you .


Input: What's The Best Life Insurance To Purchase?

Output: What is the best life insurance to buy ? Well , the best answer is the life insurance that is in force when you die . Now that is the hard question , when do you think you will die ? Tomorrow ? possible but what if you come home for years and years ? Your decision to purchase what really depends on what you view as your needs . The product that meets your needs is the best product to buy .


Input: Who Writes Vacant Home Insurance?

Output: There are many carriers that will write coverage for a vacant home . There are of course requirements/standards that the home must meet before a carrier will provide coverage . A carrier that is in my geographic location that I work with that provides this type of coverage is Foremost . I would suggest contacting local agents in your area to find out about availability and pricing in your area .


Input: What Happens To People Without Health Insurance?

Output: People without health insurance are hopefully very healthy . That 's because they may have to pay quite a sum of money if they have a major medical claim , or perhaps a simple office visit if they do n't have funds to pay the bill . There is an Obamacare tax if you do not purchase qualified health insurance . And yes , there are many exceptions .


Input: Who To Buy Long Term Care Insurance From?

Output: It is a good idea to buy Long Term Care Insurance from a broker that carries multiple companies , or an agency that uses an LTCI broker -LRB- like ours does -RRB- . That way you can be sure you are getting the most competitive rate , and will have the expertise of an agent that knows what you will qualify for . They can also guide you to the most important features , so that you can get the ones you need but not overspend for options that do not add much value .


Input: Do I Need Car Insurance Before I Buy A Used Car?

Output: Every state requires you to get liability insurance before driving any car , so yes you are required to have liability insurance . There 's a good chance the dealership can help you get insurance quickly and you can get it in minutes by calling any of the major insurance companies . Do not make the mistake of driving without liability coverage .


Input: Do I Need Car Insurance Before I Buy A Used Car?

Output: In most states you are required to be financially responsible in order to operate a car on the public roads . Being financially responsible means own auto insurance on the car for most people . It is possible to purchase a car and never drive it , some collectors do that . So the key is not in buying a car but in operating it . Dont forget that in most states the registered owner is the one who will be held responsible for anything that happens . To protect themselves auto dealers frequently require evidence of insurance before allowing the car to leave the sales lot .


Input: Will Filing A Car Insurance Claim Raise My Rates?

Output: Whenever your company pays a claim the underwriter considers that claim in the renewal process . There are two considerations of your claims record , frequency and severity . While it is doubtful that you can do much about the severity of claims you can reduce frequency and save money . Simply raise the deductibles on comprehensive and collision to the maximum allowed .


Input: Will Filing A Car Insurance Claim Raise My Rates?

Output: It might , yes , but talk to your Insurance Professional about the specific terms and conditions of your policy . Some companies offer an accident forgiveness benefit and if yours is one of those , then opening a claim will not have any affect on your renewal premium . Some companies offer this as a benefit to long term policyholders while others make it available for purchase as an option .


Input: Can A Life Insurance Beneficiary Be A Minor?

Output: Yes , a life insurance beneficiary can be a minor . However , if naming a minor as beneficiary , the policy owner should consider naming a financial guardian for the child at the same time , as that will be required by the court if the insured person dies before the child reaches the age of adulthood . If a financial guardian is not designated to handle the life insurance proceeds for the child , the court will appoint one .


Input: Can A Life Insurance Beneficiary Be A Minor?

Output: That is a great question ! It will depend upon the insurance companies rules . I have worked with some that will not allow a minor without guardianship or an established trust fund to be named as a beneficiary . Others are not so particular , but it may not be in your best interests to allow it . Often there are problems legally transferring funds to minors , and unless the guardian or trust is established , the money gets held up needlessly . Check with your State laws concerning minors , and then with your agent , and see if that can even be done . I hope that helps , thanks for asking !


Input: Can I Get Renters Insurance With A Pitbull?

Output: A few other agents and I had this discussion recently . None of us knew of an insurance company that would knowingly insure a renter who owned a pit bull dog . There are several other breeds that are unacceptable to insurance companies . The company I write for has an endorsement that restricts liability should you ever purchase a pit bull or other aggressive dog . This is an enormous claims issue .


Input: Can I Deduct Disability Insurance From Taxes?

Output: Disability insurance can be tax deductible if your business pays for the premium as business expense . However , be advised : tax deductible disability premiums result in taxable benefits at ordinary income tax rates . But the good news is you can purchase more coverage .


Input: What Is An Elimination Period For Long Term Care Insurance?

Output: The elimination period in long term care insurance is the number of days that you must wait after long-term care begins before the policy will start to pay benefits . This is also called a waiting period . Most policies offer a choice of elimination period lengths . Common choices are , for example , 0 days , 20 days , 50 days , or 100 days . Typically , the shorter the waiting period , the higher the premium will be for the policy . Ask to see how the elimination period works for the policy you are considering as some policies have a once-in-a-lifetime waiting period while other policies require that a new waiting period begins each time a new period of care begins .


Input: Why Are Medicare Costs Rising?

Output: Medicare costs are constantly rising for the same reason that all health insurance costs are rising . Medicare covers the most expensive population . Seniors are an aging population that adds more people to the rolls every year . In spite of cost shifting by the federal government , the cost of treating seniors rises every year faster than the general inflation rate .


Input: What Do I Need To Know To Get Homeowners Insurance?

Output: It would be best if you knew the current value of your personal property and the replacement cost of the same items . That way you can compare the premiums for the two types of coverage . The only other critical thing to know is the highest amount of liability insurance that you can afford . These issues can be handled smoothly by a competent insurance agent .


Input: What Is A Typical Homeowners Insurance Rate?

Output: Great Question . Homeowners insurance varies by each state . A good rate is about $ 350 - $ 500 a year . Other states insurance companies charge up to $ 3000 a year for home insurance . You have to keep in mind that the cheap insurance not always the best . Call your local insurance broker and have them shop around for the best company and rate for your home .


Input: How Can I Find Out If A Person Has Auto Insurance?

Output: Ask the person to show you his policy . An insurance company is obliged to provide evidence of insurance whenever the person insured requests it . If you have an interest in the vehicle being insured you can demand evidence from the owner . Although it is a state requirement , some cars are operated without insurance . Others operate with inadequate insurance .


Input: How Can I Find Out If A Person Has Auto Insurance?

Output: The easiest way would be to ask them . Due to privacy laws you more than likely will not be able to locate this information without getting the other person to provide it to you volunterilly . To best protect yourself in most auto accidents make certain that you have uninsured motorists and underinsured motorist coverage .


Input: How Good Are Fixed Annuities?

Output: If you want a good safe investment without the risk of the stock market then a fixed annuity can be a very good option to help accumulate cash for retirement . You will not get the returns possible with a mutual fund or stock , but you will also not suffer the potential losses .


Input: Does Home Insurance Cover Solar Panels?

Output: Homeowners insurance does cover solar panels as once they are installed they become part of the home . It is very important however that you notify your insurance company of the solar panels so the proper dwelling replacement amount is reflected on your policy . This would insure there are no problems should a claimarise Keep in mind the solar panels are covered for the perils of the policy . Talk to your local agent about how your homeowners policy covers solar panels .


Input: Which Life Insurance Can You Borrow Against?

Output: That is a great question ! There are basically two types of life insurance , Term , and Whole Life . Term insurance lasts only for the duration of the stated number of years in the term , and this type of policy has no buildup of cash . The other type , Whole Life , lasts as long as you do , and over time , builds up a cash value that can be withdrawn as a loan . If you would like more information , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Which Life Insurance Can You Borrow Against?

Output: You can not borrow against Term -LRB- temporary -RRB- life insurance . But you can borrow against Whole Life or Universal Whole Life . These latter two are permanent types of life insurance , or cash value types of life insurance . They accumulate value , which you can borrow against . You can choose whether to pay the loan back or not . But reductions in death benefits are likely to occur if you do not pay back the loan . Proceeds of the loan are not taxable , so long as the policy is kept in force . Thank you . GARY LANE .


Input: Which Life Insurance Can You Borrow Against?

Output: The type of life insurance that can have cash value to borrow against is known as permanent or cash value life insurance . These policies go by many names like whole life , universal life , indexed universal life and variable universal life . Be sure this policy has been in force for at least 5 years . These policies take about that many years to build cash value as the first few years pays for cost of insurance . Look at the illustrations page to find out your current cash value .


Input: Which Life Insurance Can You Borrow Against?

Output: Because life insurance doesnt insure against a possibility , rather it insures against inevitability , it must provide continuous coverage at a guaranteed premium for a period of time . To provide a plan where the premium is level , permanent policies were developed . They set aside money to pay the premiums when they become excessively high . During the policy period the company is usually willing to exchange the promise of the death benefit in exchange for the money that they have accumulated . That money is guaranteed in the contract and is known as the cash value . That can be exchanged for the policy or used as collateral to secure a loan .


Input: Which Life Insurance Can You Borrow Against?

Output: You can only borrow money from a life insurance policy if it 's a policy that builds cash value - a permanent life insurance program . Permanent life insurance includes both Universal and Whole life insurance programs . Term life insurance does not build cash value and therefore there 's nothing to borrow from . The maximum amount you can borrow is up to the current surrender or loan value cited in the policy at the time you want to borrow from the cash value . Keep in mind , when you borrow money from the cash value , you are creating a loan against the policy -LRB- the funds are expected to be paid back and , much like you do when borrowing from a bank , an interest rate is being charged on the borrowed monies -RRB- . If the insured dies with an outstanding loan , the carrier will deduct the outstanding amount and any interest charges from the death benefit and give the difference to the beneficiary . Consult with your agent before borrowing from the cash value to find out what will happen when you create a loan against the policy and what you 're responsible for . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Much Life Insurance Do I Need If I Have No Kids?

Output: It depends on your individual needs , goals and objectives . Are there others -LRB- spouse , partner , extended family members , business associates -RRB- now or in the future who depend on your income ? It may make sense to look at preserving your insurability with life insurance now while you are younger and rates are low .


Input: How Much Should I Pay For Long Term Care Insurance?

Output: What you pay for long term insurance depends on your age , your health and the type of benefits you have . The carrier will also make a difference . It 's important to be presented with unbiased information and help with shopping for the best price . A full-time broker -LRB- NOT a part-timer , amateur , radio-tv person , cousin who dabbles in insurance etc. . . -RRB- is your best resource for the most accurate information .


Input: What Is Medicare's Typical Coinsurance?

Output: For most situations , the Medicare coinsurance percentage is 80 % following the deductible . Keep in mind that it is 80 % of the Medicare approved amount , not the amount billed by doctor or medical provider . Under Medicare Part A -LRB- hospital -RRB- portion you have what I would consider a daily copay after the first 60 days but Medicare refers to it as coinsurance .


Input: What Is Medicare's Typical Coinsurance?

Output: For 2015 the following coverages apply only if they qualify as a Medicare approved amount/service : For Part A -LRB- Hospital -RRB- for the first 60 days Medicare Pays all but $ 1,260 . 61st through 90th days Medicare Pays all but $ 315 a day . 91st day and after while using 60 lifetime reserve days Medicare Pays all but $ 630 a day . For Part B -LRB- Medical Services -RRB- once you have been billed $ 147 of Medicare approved amounts / services your Part B deductible will have been met for the calendar year . The remainder of Medicare approved amounts/services Medicare pays generally 80 % ...


Input: What Is Medicare's Typical Coinsurance?

Output: It varies greatly depending on each company and the health plan . You can usually have anywhere from 50 % to 100 % on co-insurance . The higher the co-insurance on your end the lower the premiums . There are also plans to help supplement higher co-insurance and deductible plans . This is something you should discuss with your agent .


Input: Is Income Tax Due On Life Insurance Proceeds?

Output: Life insurance proceeds that do not go through probate do not usually have income tax due on them . If the life insurance is left to a person , that person does not have to pay income tax on the death benefit portion of the life insurance . If there has been some gains in the policy , those would be taxed .


Input: Can I Switch From Medigap To Medicare Advantage?

Output: Yes , If you have Medicare Part A and Medicare Part B and do not have ESRD -LRB- End Stage Renal disease -RRB- you can switch from a medigap to a medicare advantage plan during the annual open enrollment period -LRB- October 15th thru December 7th -RRB- and have a January 1st effective date . Once accepted you can then cancel your medigap and/or PDP -LRB- Prescription Drug Plan -RRB- with a January 1st termination date . I would recommend locating an independent agent who specializes in Medicare to help you thru this process ...


Input: Can I Switch From Medigap To Medicare Advantage?

Output: Yes , you can switch from Medigap to Medicare Advantage plans during the Annual Election Period , which runs from October 15th-December 7th each year . Then , cancel your Medigap and/or Part D Rx plan . If Rx coverage is desired , you will want to sign-up for a Medicare Advantage with Prescription Drug -LRB- MAPD -RRB- plan .


Input: Can I Switch From Medigap To Medicare Advantage?

Output: Yes , you can switch from Medigap to Medicare Advantage -LRB- during annual open enrollment -RRB- . The question is , why do you want to ? Your Medigap plan most likely has less than $ 500 out of pocket if you have a bad year . You have $ 0 out of pocket with plan F and $ 2110 with Hi F. Medicare Advantage has an out of pocket of $ 2700 to $ 5700 PLUS your OON charges .


Input: When Did Universal Life Insurance Start?

Output: That is a great question ! Universal life policies were thought up in the 1960 's , and became popular in the late 60 's , and early 1970 's . They were designed to capitalize on the rising stock market values , as normal life insurance could not match the returns investors could get from the market . The policies were created so the buyer could put in their premium , and invest it in the market . The next step was the variable UL , which very closely mimicked a mutual fund in the way it was managed . What many people learned to their dismay was that when the market dropped , their insurance went belly up , and they no longer had coverage . While these policies have been retooled to be a little safer since then , theycanstill be a very risky way to go . I hope that helps , thanks for asking !


Input: When Did Universal Life Insurance Start?

Output: A component of a whole life policy is an accumulation of funds to insure that the policy will pay the face amount throughout the lifetime of the insured and yet the premium will remain level . In the 1960s there was unrest as the stock market surged people thought they could do better managing those funds than the insurance company could , thus the Universal life policy was designed . It gave greater flexibility and a separate fund to develop cash value . None of this was possible before wide spread use of computers . Today there are life insurance policies where the individual can select funding vehicles .


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

Output: Do you have any payment records ? If your company was purchased by another company and you simply do not know the name of the other company you can call your State Department of Insurance or if you know a good life insurance agent , he or she may be willing to help you .


Input: Can A Corporation Deduct Life Insurance Premiums?

Output: Life insurance as a standalone product is not deductible . However , life insurance in a qualified plan is deductible . The life insurance portion of the annual contributions can use whole life -LRB- 49.5 % -RRB- or universal life -LRB- 25 % -RRB- . In 419 DBO plans life insurance is strictly a death benefit product and can also be deductible . Executive bonus plans can compensate an employee in a bonus arrangement , but the purchase of the life insurance is outside the corporation , but may as a balance sheet transaction may in end with the same result .


Input: Where To Shop For Term Life Insurance?

Output: A good place to shop for Term Life Insurance is a website that allows you to view instant quotes online . That way you can adjust the variables -LRB- e.g. term length , face amount -RRB- to get an idea of the cost for different types of policies . It is best to call the agency to review a list of health questions over the phone or by emailing before applying . Website quote engines can not cover all the questions involved in applying for a medically underwritten policy . Talking to an agent will help you get the most affordable rate and avoid being declined .


Input: How Do I Get Health Insurance?

Output: You can secure health insurance by enrolling in the Patient Protection and Affordable Care Act -LRB- PPACA -RRB- or Obamacare . Youll need to find out if your state sponsors one of the health exchanges . Not all states do . Enrollment starts October 1 , 2013 . You can also go online to see the listing of local medical agents who offer health care as part of their practice .


Input: Does Medicare Pay For Skilled Nursing Facility?

Output: Medicare can provide some limited skilled nursing home care benefits under Part A . During the first 20 days of a benefit period , you pay $ 0 . From days 21-100 , you pay $ 152 per day . Days 101 + , you 're responsible for all costs . Medicare.gov provides a list of each specific covered service and eligibility conditions that need to be met for Medicare to cover nursing home care expenses . Medicaid can help pay nursing home expenses for Medicare beneficiaries . Long term care insurance is going to provide the greatest nursing home benefits . These policies are designed for long-term stays -LRB- e.g. 3 , 4 , or 5 years -RRB- .


Input: When To Get Long Term Disability Insurance?

Output: The time to get Long Term Disability Insurance is when you have a full time job and do not have Long Term Disability Insurance -LRB- or enough Long Term Disability Insurance -RRB- provided by your employer . Disability can hit at any age , and the need for income is no respecter of age . So there is no bad time to buy Long Term Disability Insurance .


Input: How Does Health Insurance Affect The Retirement Behavior Of Women?

Output: Great question ! While I do not have a degree in sociology or statistics , I can tell you what I see , working daily with retired , or near retirement aged women clients . Each and every one of them appreciate it . Most of them are no longer working , though almost all of them had expected to be . The ones that still have insurance through work or their spouses work are not burdened with the fear of being unable to get medical services . The rest of them are enrolled in Medicare , or Medicaid . Those ladies also are profoundly grateful to be able to receive medical care that is affordable . Many of those women struggle to balance medical costs with the everyday expenses of heat , food , and electricity though , as the benefits are often not enough even with Social Security to make ends meet . Without health insurance they would be in a very bad way . If this did not answer your question , -LRB- And I 'll admit I 'm not sure what you are asking , since having insurance or not having it probably affects them the same way it would a man , or someone younger -RRB- please feel free to contact me , I 'll be happy to discuss this with you further . Thanks for asking !


Input: Can You Write Off Disability Insurance?

Output: Disability insurance can be a deductible item if the business expense qualifies under the code . The deduction of the disability premiums changes the benefit from tax free to taxable , but he benefits also increase from 60 to 80 % of executive compensation . It 's important to look at the tax bracket of the business and the executive receiving the benefits to determine if deduction generates a viable overall economic value .


Input: Can I Get Life Insurance On My Ex Wife?

Output: If you and/or your children would suffer financially by the death of your ex wife , you would likely have the insurable interest needed to take out a policy on her . She would need to sign the application and take an exam , if an exam is required . Many people use No Exam policies when procuring life insurance on ex spouses as it is much quicker and less stressful .


Input: Can I Get Life Insurance On My Ex Wife?

Output: Without the consent of your ex-wife the answer is no . The answer could also be no if there remains no insurable interest between you after the division of property . However if there are minor children involved and your domestic lifestyle was predicated on two incomes , insurable interest can be justified for the ongoing care and future of the children .


Input: Is Life Insurance Exempt From Creditors In South Carolina?

Output: Life insurance that is left to a person as beneficiary is usually exempt from creditors in South Carolina . If the beneficiary has co-signed for an unpaid debt at the time the Insured dies , then the creditors may be able to go after the insurance proceeds . And if the beneficiary is the Insured 's estate , creditors will try to collect their due from the insurance proceeds in the estate . But a person who receives a life insurance death benefit is not liable for the debts of the Insured .


Input: What Causes Auto Insurance To Go Up?

Output: There are many causes for auto insurance rates to go up . Of course , one of the major causes is your driving record . If you have an at-fault accident or a few moving violations , your premium will increase . If you purchase a newer car or add a teenage driver , again , the rate will increase . Conversely , sometimes , as your vehicles age , you may notice decreases in the price you are charged for your coverage . And of course , as you delete coverage , rates will reduce . But shopping every few years can only help your bottom line . You may be getting the best pricing , but perhaps there are much better options available .


Input: Will Medicare Pay For HPV Testing?

Output: Original Medicare has a list of preventive screenings that it will cover under Part B. However , the cancer screening list does not include HPV testing as a covered screening test for cervical cancer . What Medicare does cover is one PAP test and pelvic exam every 2 years if you are at average risk for cervical cancer . If you are considered at high risk and have had an abnormal PAP test in the last 3 years , Medicare will cover it once a year . The tests will be covered at 100 % if your doctor accepts assignment -LRB- accepting the Medicare-approved amount as payment in full -RRB- . If he/she does n't accept assignment , you would be responsible for any excess charges the doctor bills you for -LRB- an amount above and beyond the Medicare-approved amount , up to 15 % -RRB- - you may want to look into buying a Medicare supplement plan F or plan G to cover excess charges -LRB- plans F & G cover excess charges at 100 % -RRB- .


Input: What Is Retirement Plan Vesting?

Output: What is retirement plan vesting ? Vesting applies to some qualified plans where an employee earns a greater percentage of the employer contribution to their `` name '' as time passes while they work for the employer . The idea behind a vesting schedule is to reward the employee for sticking around by making more and more of the employer contributions the employees . A usual vesting schedule runs five years . Starting with a 20 % vested in the first year moving to 100 % vested by the fifth year .


Input: What Is Retirement Plan Vesting?

Output: When a retirement plan is vested you will be able to take that portion of the retirement plan with you if you lose or quit your job . If a company pays in to a retirement plan they will usually require you work at that company for a specified period of time . If you leave the portion of the plan that is vested will go with you after that point .


Input: What Insurance Coverage Is Needed On The Business End For A For Profit Designated Driver Service And Its Drivers?

Output: If the Company is paying its employees to drive the vehicles , the company must have a Commercial Auto Policy . The commercial auto policy also must include non-owned vehicle coverage when your employees are driving the car . The customer can not sign an agreement to only sue the driver because the insurance company the customer has is required to act on behalf of the customer regarding subrogation . The company 's insurance will be responsible for any damage or theft while the vehicle is in the company employee 's possesion . Keith Prim - Dallas - 214-435-0791


Input: Can You Get Insurance On A Car With A Suspended License?

Output: If you are getting the insurance to be able to get your license re-instated then it may be possible to secure auto insurance with a suspended license . Normally in this type of situation you would also require an SR-22 . If you are not getting your license re-instated at the time you are looking for the insurance coverage then I would you would not be able to secure coverage .


Input: What Does A Life Insurance Physical Involve?

Output: Generally speaking , the para-medical exam for a life insurance application is done in your home or office between the hours of 7 a.m. and 7 p.m. Monday through Saturday . There are exceptions , but these hours and days are the norm . You can expect the exam to last between 30 to 45 minutes and the examiner will typically take down your vitals -LRB- blood pressure , height and weight -RRB- and collect a urine and blood sample . If it is warranted , you may be required to have a EKG or chest Xray exam but if this type of test is needed you will be given notice beforehand . It is recommended that you drink plenty of water the evening before and eat `` clean '' food -LRB- low sodium , low sugar , less fatty or greasy food -RRB- in the days leading up to the exam . After all , you want to get the best result in order the get the best rating/result back from the exam .


Input: What Does A Life Insurance Physical Involve?

Output: A life insurance physical usually involves taking a blood sample , urine sample , blood pressure reading , and pulse . The examiner will weigh you and measure your height , plus sometimes waist or other measurements . You will be asked medical questions that you probably have answered already , but they are asked again to verify that the information is correct . Sometimes an EKG is done .


Input: What Does A Life Insurance Physical Involve?

Output: A life insurance physical is usually misrepresented as a paramedic exam . First , if a physical is required by the company you are applying at , thwn they would send a medical or you could be sent to one , to have a physical completed similar to an annual physical . A paramedical is where a technician is sent to your home , place of work , or another setting you agree upon , where he/she will ask a medical questions which the insurance company wants answers to . Blood pressure , a blood draw , urine in a cup , and measurements will also usually happen . It really all depends on the company , your age , and how much you are applying for .


Input: What Does A Life Insurance Physical Involve?

Output: Assume you mean a life insurance paramedical exam rather than a physical performed by a doctor -LRB- not common -RRB- . A trained , professional paramedical examiner performs the exam in your home or office . This routine exam will include taking information about your medical history , height , weight , collecting a urine specimen for urinalysis , blood pressure , pulse and collecting a blood sample . The exam will take about 45 minutes or less . If additional testing is required by the insurance company such as an electrocardiogram -LRB- ECG -RRB- or a chest xray , you will be notified in advance . We recommend scheduling the appointment at the least stressful time of day for you . Blood pressure can be artificially raised by stress . It can also be raised by caffeine , tobacco and alcohol so avoid these for several hours prior . Limit salt intake and rich foods for 24 hours prior to the exam . Fasting for 4-8 hours prior to the exam is also advised -LRB- and may be required -RRB- but drink plenty of water . Finally , avoid strenuous physical activities for 24 hours prior to the exam .


Input: What Does A Life Insurance Physical Involve?

Output: A life insurance physical is usually done in your home or other place of your choice , such as office . It can also be done at a local paramed office . It usually requires fasting from all but water at least 8 hours before the exam is done . The person doing the exam takes a blood test , urine sample , takes vitals signs , and weighs and possibly measures you . They ask you health questions and have you sign paperwork . It usually only takes about 30 minutes .


Input: How Much Does Aarp Life Insurance Cost?

Output: AARP life insurance is only offer through the American Association of Retired Persons , so you must contact them to get the policy rates . They offer different types of coverage with different guarantees , so be sure to inquire about all the policy features when comparing to other life insurance quotes found on the internet or from your local agent .


Input: How Much Does Aarp Life Insurance Cost?

Output: That is a great question , and I 'm really glad that you asked ! AARP uses a system called `` age banding '' to set the rates they charge . Your premium is determined at first by your age when you purchase the policy . Then when you age into the next `` age band '' , your rates increase , until you move into the next one . For example , let 's say that you purchase a $ 10,000 policy with them at the age of 64 . Your price is $ 24.85 -LRB- their listed price for a 64 yr old male -RRB- . Your premium would be $ 298.20 for the year . On your birthday the next year , your rate increases to $ 31.99 a month , or $ 383.88 a year . You will pay that until your 70th birthday , when the rate increases to $ 44.65 -LRB- $ 535.80 a year -RRB- . They did not list the prices for the final age bracket of 75-79 , but you should expect that it also jumps up a good amount . Their policy ends upon your 80th birthday . They also offered a whole life policy for the same amount at $ 56.00 a month . Their policies are offered by New York Life , and are guaranteed issue , which means that if you pass for any reason within the first two years of the policy , you will receive your premiums paid , and some interest . To get access to these policies , you must be an AARP member , which entails the monthly payment of membership dues , effectively raising your cost of insurance by that same amount , unless you are taking advantage of other programs . Please contact me for more information , okay ? Thanks for asking !


Input: How Much Does Health Insurance Cost Employers?

Output: This question is nearly impossible to answer with a dollar figure . The cost of a health insurance policy is determined by many factors . Some of those factors are , type of policy , geographic location , number of employess , amount of deductible , medical histories of the employees participating , and many more factors are typically used .


Input: How Much Does Health Insurance Cost Employers?

Output: How much does health insurance cost employers ? In the 25 years I have been in the insurance business the cost of health insurance has risen just about every year . When I began the cost of providing health insurance and other benefits to employees ran about 5 % or less of payroll . In other words the cost of giving everybody health insurance was about equal to to 5 % of the sum total of everyone 's take home pay . Now nationally I believe that cost is around 15 % of payroll today .


Input: Will Homeowners Insurance Cover Dog Attacks?

Output: If you are walking down the street and a pack of dogs attacks you , your homeowners insurance will not cover it . This would be a claim on your medical insurance . However , if you own a dog and your dog attacks someone not a member of your household , your homeowners liability coverage may cover the resultant medical and legal expenses . `` May '' is the operative word as some homeowners insurance companies exclude dog bite liability for all or some breeds . And even if yours does not exclude , they most certainly will following filing the 1st dog bite claim under the philosophy of where there 's smoke , there 's fire . One incident is a good indicator that another is likely . Talk to your insurance professional for your specific coverage or lack thereof !


Input: What Is The Average Cost Of Renters Insurance?

Output: Most people can buy a basic Renter 's Insurance policy for about $ 12.00 / month . The rates are affected by where you live , how much personal property you own , and your credit -LRB- good credit and you will pay less , bad credit and you will pay more -RRB- . I have seen policies for as little as $ 55.00 / year , but it 's worth asking about options and endorsements that will broaden your coverage , like Identity Theft coverage .


Input: What Is The Average Cost Of Renters Insurance?

Output: Perhaps a better question would be , how much does it cost to not have renters insurance ? It could cost you everything that you own . It could cost you hundreds of thousands of dollars in a lawsuit . It could make you find another place to live without any possessions and without notice if your apartment is damaged by fire . The cost for not having a policy could be quite high . The cost for having one that provides coverage for these possibilities is reasonable .


Input: Can You Have Multiple Insurance Policies On One Car?

Output: I can only speak for the state of Michigan . In Michigan it is illegal to have duplicate insurance on one car . You can have different cars on different policies with different companies -LRB- usually not beneficial -RRB- . You can also add multiple drivers to multiple policies but not vehicles . Hope this helps !


Input: What Is Medicare Supplement F?

Output: Plan F is your `` cadillac '' plan -LRB- so-to-speak -RRB- because it provides the most comprehensive coverage and is the most popular Medicare supplement plan . Like other Medicare supplement plans , it covers basic benefits for medical and hospital expenses this plan will pay the remaining portion of whatever Medicare does not pay for medical and hospital charges as long as the charge is approved by Medicare . Ideally , this plan will benefit people who want to have the peace of mind in knowing that all of their Medicare approved charges will be covered - in short , you 're writing the check for your monthly premium and you 're done . You can add a Part D plan to provide coverage for prescriptions . Medicare Supplement Plan F covered benefits include : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment 5 -RRB- Part A hospitalization deductible 6 -RRB- Part B medical deductible 7 -RRB- Part B excess charges 8 -RRB- Skilled nursing facility co-insurance 9 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Plan F also offers a high-deductible version of the plan it is the only plan that offers this feature . Under a high-deductible plan F , the insured must pay for Medicare-covered costs up to the years deductible amount $ 2,140 in 2014 before the supplement plan pays anything . The benefit of the high-deductible plan F is that it offers the insured a much lower monthly premium .


Input: How To Choose The Best Auto Insurance?

Output: I would suggest finding yourself a local agent that you are comfortable working with . This person will typically be your first and last point of contact should you have any concerns about your coverage or claims . They will be the person that will help you purchase the coverages that you need to protect you and your family .


Input: Will Life Insurance Accrue Interest?

Output: Term insurance does not accrue interest and whole life policies accrue dividends . Universal life insurance does accrue interest . There are 3 different types of universal life insurance that will accrue interest : Fixed Universal Life - accrues interest based on a rate by the insurance company Indexed Universal Life - pays interest determined by an external index , such as the S & P 500 . If the index goes up , then interest is paid , usually up to a cap . If the index is negative , then there is usually a floor of 0 - 2 % , so no interest may be paid , but this policy provides downside protection . Variable life - interest is paid according to the stock or bond market . This cash value in a variable policy may go up or down depending on the market .


Input: Can You Claim Health Insurance On Taxes?

Output: You may be able to claim health insurance premiums on your taxes . If you pay your premiums at work via a pretax payroll contribution , you are already receiving a tax benefit , and these expenses would not be deductible . If you are self employed you can take the deduction on line 29 of form 1040 . If your plan provides for reimbursement directly to providers -LRB- most traditional plans do , while supplemental plans do not -RRB- , you can deduct the premiums on Schedule A as part of un-reimbursed medical expenses . Keep in mind that tax savings do n't begin until your deductible medical expenses reach ten percent of your adjusted gross income .


Input: Can You Claim Health Insurance On Taxes?

Output: That is a great question ! There are circumstances that will allow you to deduct your health insurance premiums on your taxes . Being self employed , medical payments that are a significant portion of your income , being a couple . With any question about taxes , I strongly encourage you to seek the advice of a tax professional who can give you the right advice for you . Thank you for asking !


Input: How To Get A Good Car Insurance Quote?

Output: This really depends on your definition of `` Good '' . For this discussion , I 'll assume you mean low cost . Now , I 'll also preface my answer by saying that `` low cost '' is different than `` cheap '' . I 'll never recommend cutting important coverage to save a few dollars . There are ways to help reduce the cost without cutting those coverages . The important coverages to which I refer are the Bodily Injury , Property Damage , Uninsured and Underinsured Motorist coverages . These could save you from a lifetime of payments or wage garnishments if you 're ever sued because of a car accident . So , that leaves the physical damage coverage -LRB- comp and collision -RRB- and , possibly , personal injury protection . Collision : This covers your car from damage because of an accident . There are two types I will define here . Broad Form means that you 'll only pay your deductible if you 're substantially at fault in an accident . Regular means you pay your deductible either way . As you can probably assume , regular will cost less and , in my opinion , should be what everyone carries . Comprehensive : Covers your car from damage that is `` not a collision '' For these two coverages , increasing your deductible lowers the premium . I usually recommend at least a $ 500 deductible for collision . For comprehensive , the difference between a $ 100 and a $ 500 deductible is n't very much so I usually recommend a $ 100 deductible . Personal Injury Protection pays for your medical bills and lost wages if you 're hurt in a car accident . If your health insurance will pay primary for a car accident , you can save a little bit of money by having them pay first . Do n't skimp on the liability coverages . They 're the smallest cost with the greatest potential for saving your bacon . Getting these coverages right will only cost you a few dollars a month . Be smart , find an agent you can trust , and take their advice . You 'll be happy and save money in the long run .


Input: Which Company Has The Best Retirement Plan?

Output: There is no one company that has the best retirement plan for anyone individual . Company sponsored ERISA plans are qualified vehicles that hold investment products . Those products should be based on your risk tolerance and retirement planning goals . Some retirement plans are no ERISA plans and may have more flexibility , however investment suitability per investor needs to be quantified through the client interview process and an investor profile .


Input: Which Company Has The Best Retirement Plan?

Output: Many large companies have great retirement plans for their employees . General Motors , Cisco , IBM and many others tend to treat their employees very well through matching 401k programs and sometimes , defined pension plans . You can ask about a company 's retirement plan by talking to their HR representative . They will likely give you specific information . If you are referring to financial institutions that provide retirement plans or consumers , a national experienced broker is a great resource . You should also check locally for a specialist in your area that is a Certified Financial Planner as his/her full-time position .


Input: Does Medicare Cover Cialis?

Output: No , Medicare does not cover Cialis or other erectile dysfunction drugs , either through traditional Medicare or through Part D Medicare prescription drug coverage . It is also not covered by Medicare Advantage Plans . Drug discount cards offered through private companies is one way to possibly get a discount on ED drugs .


Input: Why Do I Need Life Insurance With A Mortgage?

Output: If you were to pass away suddenly , who would pay your outstanding mortgage on your home ? Having a life insurance policy helps protect your family and the mortgage lender by providing money tohelp pay the existing mortgagein the event that you pass away suddently and your cause of death was not excluded by the policy .


Input: Why Do I Need Life Insurance With A Mortgage?

Output: You do not need to have life insurance with a mortgage . If you borrow more than a certain amount , you will need to purchase PMI -LRB- private mortgage insurance -RRB- that will repay the lender what is owed them , if you pass away . Life insurance , on the other hand , will pay off your entire mortgage and leave the excess to your beneficiary to pay other bills . If your mortgage interest rate is so low that your beneficiary wants to keep paying the mortgage and invest the life insurance proceeds , they can so that , with regular life insurance . So , while life insurance is not required with a mortgage , it is an excellent idea .


Input: How Much Does Medicare Supplemental Health Insurance Cost?

Output: Medicare supplemental health insurance rates vary considerably by zip code , age , tobacco use and plan . The older you are the higher your Medicare supplement rate will be . The exception is for those who are under age 65 and on disability and Medicare . In most states rates for under age 65 are astronomical . Many carriers offer competitive rates from age 65 to 74 . Above age 74 some plans -LRB- surprisingly -RRB- become more competitive while others less so . Tobacco use often adds 20 % to the rate but can be more , depending on the carrier . Plan F is the most expensive -LRB- and most popular -RRB- followed by D or G -LRB- depending on your state -RRB- , N then Hi F . You can generally find a site that offers `` instant Medigap quotes '' but keep in mind the most competitive rates are usually not illustrated online . #MedigapPlanFRates #MedicareSupplementPlanFRates #GeorgiaMedigapPlanFRates #GeorgiaMedicareSupplementPlanFRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: Can You Have Two Long Term Disability Insurance Policies?

Output: Yes . Many people have two disability policies . In addition to long term disability policies , some people also own short term disability policies that are designed to fill in the gap between the time you become disabled and when you can start using your long term disability policy -LRB- assuming you have this type -RRB- .


Input: Can You Have Two Long Term Disability Insurance Policies?

Output: You can have two long-term disability insurance policies if your income warrants the extra coverage . Many policies contain both a percentage and hard dollar cap on monthly benefit payments . For some high income individuals , the hard dollar cap on the first policy may translate into a low percentage of income replacement . For example , a $ 5,000 monthly cap would represent 33 % income replacement for someone earning $ 180,000 per year . This happens frequently with group LTD programs . A second or supplemental policy could bring the income replacement percentage up to 66 % .


Input: Can A Life Insurance Policy Be Cancelled?

Output: Yes life insurance is a unilateral contract . You can cancel the policy at anytime for any reason . The insurance company is obligated and can not cancel the contract . The exceptions are for misrepresentation by you during the first two years or in the event of fraud . Before you cancel , you should explore alternatives with you agent or broker . The may be alternatives such as a policy change available . In addition there may be tax consequences if there is a policy gain . 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: Can A Life Insurance Policy Be Cancelled?

Output: That is a great question ! Yes , you can cancel the contract with the company , and the company can cancel it also . They will cancel the policy if they find that you were dishonest when applying , or failed to make timely payments . You can cancel in writing , or by choosing to no longer make payments . I 'd suggest that you speak with an agent before cancelling your policy , there are some things that you should know before you do . If you would like more detail , please contact me , okay ? Thanks for asking !


Input: Can A Life Insurance Policy Be Cancelled?

Output: Yes , once a policy is approved you the policyholder control early cancellation not the insurance company . Their contractual obligation is spelled out in the policy . For example , a 20 year term life policy is guaranteed a level premium for 20 years regardless of change of health , employment or residence . You may cancel anytime by either a written notice on a cash value plan in order to recoop any cash value owed to you or on a term policy , you can just not pay the premium and let it lapse . It is always advisable to contact your agent or broker to be sure it is wise to drop a life insurance policy .


Input: Can I Purchase Health Insurance Just For My Child?

Output: Yes , some companies do allow you to by health insurance on just a child but they may be hard to find.It may also depend on your where you live . Ilive in Florida and I know of at least one company that will write a stand alone for a child . I would check with the big carriers in your state first . You can get a free quote from any company and they will tell you right then .


Input: Will Health Insurance Pay For A Tummy Tuck?

Output: Generally speaking no . Health insurance will not pay for a tummy tuck as it is typically regarded as an elective surgery . However , if you can get a healthcare provider to deem the procedure medically necessary to may be able to get some or all of it covered by health insurance . You may also be able to get other less involved and potentially less costly procedures covered like mini-tummy tuck or Panniculectomy .


Input: How Much Home Insurance Do I Need For A Condo?

Output: Condo Insurance can be tricky since often an HOA is involved . What first needs to be determined is what does the HOA actually cover . Does the HOA cover any part of the building . If so then we as agents determine what is already covered and look to fill the gaps . I can tell you that the HOA does not cover your personal liability , loss of use , guest medical and personal property so these coverage 's are needed at the very least . You will want to consult with a local independent agent to help you determine coverage 's needed for your condo policy .


Input: Why Enroll In Medicare Part D?

Output: Enrollment in Medicare Part D is to help pay for prescription drugs . Medicare Part A pays for hospitalization , skilled nursing care , home health , and hospice . Medicare Part B pays for medically necessary and preventative services , plus medical equipment , mental health treatment , ambulance , and limited outpatient drugs . Prescription drugs can be a huge part of health care costs , so Medicare Part D helps offset that part of health care costs .


Input: When Can You Cash In Annuities?

Output: Non-qualified tax deferred annuities are personal assets than can be liquidated by the owner of the policy . But there may be ramifications in doing so . These products have surrender charges and sometimes , as in MVAs , an interest rate reduction for terminating before the contract period is over . Liquidation will trigger an ordinary income tax event on all gain in the policy and a 10 % additional penalty for cashing in the annuity before 59 1/2 .


Input: Can Homeowners Insurance Drop You After A Claim?

Output: They certainly can ! Of course an insurance company is in business to make money , just like any other business . They will review your policy every year at the renewal to determine if they want to continue to offer coverage at the same price , at a higher or lower price , or at all . If you look like you will be a long term profitable customer over time they will certainly continue coverage -LRB- the price might go up -RRB- , but if you look to be a non-profitable customer over time , they will cancel your policy . Each Insurance company has a different profile they look at before offering renewal . Some things you can do to help if you are worried about being cancelled are : 1 . Do n't file small claims . Insurance is meant to be for catastrophic losses . 2 . Carry a high deductible . Again , Insurance is meant for catastrophic losses . 3 . Insure your Auto , Home and Life with the same company . The more policies they have with you , the greater the chance that you will be a profitable customer to them over time . 4 . Keep a well maintained home . Insurance companies know that detail oriented owners who take care of their property are less likely to have claims , and when they do those claims will be smaller . 5 . Work with your agent to get his advice ! If I can be of any help email me at dbeukel1@amfam.com .


Input: Can Homeowners Insurance Drop You After A Claim?

Output: A company can cancel a property policy any time that the premium isnt paid . Cancelling an insurance policy is not easy . If you can still live in the house , the company will more than likely maintain the coverage . If the damage uncovers a condition that the insurance company did not know about , they might consider cancelling coverage . If they cancel coverage , they must provide you with adequate notice so you can secure coverage elsewhere .


Input: Does Life Insurance Pay For Your Funeral?

Output: Life insurance can be used to pay for your funeral or for any other purpose for which your beneficiary uses it . If you purchase a life insurance to fund your final expenses , leave the death benefit to a beneficiary who knows your wishes , or you can even leave it directly to the funeral home .


Input: What Is The Best Life Insurance In Delaware?

Output: The best life insurance in Delaware will be a plan that fits your age , health and needs . Some companies specialize in wonderful Whole Life insurance , but their Term policies are not competitive . Some offer outstanding Term rates , but do n't even carry Whole Life . You need to visit with a knowledgeable agent to determine the best policy in Delaware for your personal profile and the type of policy that will work best for you .


Input: What Is The Best Life Insurance In Delaware?

Output: There are states like New York that have a different set of rates in comparison to other states like Delaware.It 's difficult to identify the best life insurance companies because there are several categories to review : product , underwriting and carrier ratings . Products are generally divided into two types : term and permanent life insurance . Underwriting is divided into standard and above and table rated . Six different rating services assign degrees of financial strength and claims paying ability .


Input: Can You Deduct Health Insurance Premiums On Your Taxes?

Output: In many cases the answer would be yes . There are situations that the premiums may be deductible . A self employed individual for example may be able to take a deduction . If you file long form and are able to itemize deductions you may be able to include health insurance premiums . Check with your tax adviser on the exact rules for your situation .


Input: Does Home Insurance Increase Each Year?

Output: Most homeowners policies are based on the replacement cost of the home . As a result , due to inflation , the replacement cost of a home may go up . When that happens the policy will adjust accordingly . Also , companies raise their rates based on claims experience . So home insurance can increase every yrar , but depending on the company and the claims experience they may not .


Input: When Should I Drop Collision Insurance On My Car?

Output: Dropping collision on your car depends on how much you wish to self insure . As long as you do not have a loan you can drop collision anytime . However one of the more common times to consider dropping collision is if your vehicle is worth $ 3500.00 or less . The reason for this thinking is this is the amount uninsured motorist property damage would pick up in the event you are hit by someone with no insurance . Of course your still on your own if you cause the accident or if your involved in a hit and run type situation where you do n't know who caused the accident . You may want to look at what you actually are paying for collision coverage and what the vehicle is worth in a total loss since this is all your going to get .


Input: When Should I Drop Collision Insurance On My Car?

Output: Removing collision coverage from your vehicle will reduce your premium ... often substantially . So when is the best time to take it off ? There is no universal answer since each car on the road has different mileage and is used in different ways . When your vehicle is more than 10 years old and/or the value has sharply declined , it 's time to consult a broker that can quickly review the cost of maintaining coverage vs. the cost of removing it .


Input: When Should I Drop Collision Insurance On My Car?

Output: Insurance companies rarely accept a full risk . When you buy comprehensive and collision insurance the company requires that you pay a part of the recovery when there is a claim . As the car depreciates the recovery is reduced . The sum of the deductible , the premium for the coverage , and the lessened recovery reach a point where maintaining the coverage no longer makes sense . This happens with many cars around their 10th year .


Input: Can You Have A Mortgage Without Homeowners Insurance?

Output: Probably not . Any mortgage company with which I am familiar requires Homeowners insurance as a condition of the loan . Thus , when you are closing on the purchase of your home for the first time , or refinancing , you will be required to provide a copy of your Homeowners Insurance Declaration Sheet or at least a binder . If your policy cancels for whatever reason and yo do not obtain alternative coverage , in most if not all cases , the mortgage company will secure coverage and include the cost in your monthly installments .


Input: My father passed in 2007 i recently found his life policy, where do i start?

Output: The best place to start is to call the life insurance company through which he took out the policy . If the company has changed hands , you can google the name of the old company and the company that bought it will come up in some results . Look at the Contact tab on the company website for Customer Service .


Input: Can One Buy Medicare?

Output: That is a great question ! Unfortunately , the answer is no , you can not just purchase Medicare . The program was set up to ensure that senior citizens would have the opportunity to have access to affordable health care , and thus has age and income restrictions . If you are below the age of 65 an are seeking help with your health insurance , I suggest that you look at the WEBSITELINK site , as there are subsidies given to folks who qualify . I reada story just a few minutes ago on Google about a woman who had been paying $ 120 a month for a prescription that now cost her $ 1 thanks to her plan purchased through the Affordable Care Act -LRB- Obamacare -RRB- site . If you need help , please feel free to contact me , okay ? Thanks for asking !


Input: Can One Buy Medicare?

Output: Unfortunately no , you can not simply buy into Medicare . To secure Medicare benefits , you must meet certain eligibility requirements . The most common way people qualify for Medicare is by turning 65 years old . Medicare Part A -LRB- hospital insurance -RRB- is premium-free for most individuals -LRB- if you did not secure 40 credits , you would be subject to a monthly premium up to $ 426 per month -RRB- . Medicare Part B -LRB- medical insurance -RRB- requires a monthly premium -LRB- starting point is $ 104.90 per month in 2014 - can be higher for higher-income individuals -RRB- . The other way people qualify is if they 're under 65 and are receiving social security disability benefits -LRB- must have been receiving SS disability benefits for 24 continuous months -RRB- or have end-stage renal disease . Once you have Part A & Part B established , many people look into adding a Medigap plan to cover the gaps in Original Medicare -LRB- Parts A & B -RRB- and a stand-alone Part D prescription drug plan if they want to have prescription drug coverage .


Input: How To Get Health Insurance On Your Own?

Output: That 's a great question ! The enrollment period for heath insurance has closed for now , and will reopen this fall , so unless you qualify for one of the exceptions , you will have until then to decide which policy you would like . You can be insured under a parents policy through age 26 , but can purchase your own also . When you can , I suggest that you go to the Affordable Care Act -LRB- Obamacare -RRB- site and shop there . You may qualify for help in paying for your policy . If you need help , please feel free to contact me , okay ? Thank you for asking !


Input: Does Health Insurance Cover Bungee Jumping?

Output: Your health insurance plan wo n't pay for the cost of you to go bungee jumping but I assume you meant something completely different . You probably meant to ask if your health insurance policy would pay for your medical treatment if the bungee broke . It better . Because right before you jumped you definitely signed all your rights away to sue the guy that owns the bungee .


Input: Does Health Insurance Go Up If You Smoke?

Output: Cigarette smoking affects the mortality and morbidity underwriting , in this case health insurance . The impact on health premiums is significant now and later on medical claims . But ultimately it shortens life expectancy and dramatically impacts the last years of life with respiratory complications . Smoking is one of the leading causes of health care costs .


Input: Does Health Insurance Go Up If You Smoke?

Output: Health insurance does go up if you smoke . Currently , the increase varies from one carrier to another . The range seems to be between 10 % -35 % . Short-term plans are often an exception since smoking status is sometimes not part of the application . In 2014 , although pre-existing conditions will not impact rates , smoking will be a factor and you will pay a higher rate if you smoke . However , Open Enrollments will take place every year so if you quit -LRB- for a year -RRB- , you may be able to reduce your rates .


Input: Can I Add A Car To My Insurance That Is Not In My Name?

Output: If the title -LRB- proof of ownership ` in your name ' -RRB- is not in your name and you desire to register and insure the vehicle , you will need documentation of an insurable interest : lease agreement , etc. that a carrier will accept to underwrite a policy.Make sure you include all insurable interests on your policy - lessor as additional named insured for liability and named as loss payee for physical damage . If the vehickle is titled to another individual , many states allow you to obtain a signed authorization -LRB- a DMV form -RRB- in which the titled owner authorizes you to register and insure the vehicle . Again , make sure you can list the titled owner as an additional insured for liability and as a loss payee -LRB- along with any lienholder currently on the vehicle -RRB- . Make suire your state 's DMV will allow you to do what you want to do as far as the registration goes and then find as carrier that will underwrite the situation . A good agent or broker can assist you or you can act as your own broker and obtain insurance online . If you act as your own broker , good luck .


Input: Can I Add A Car To My Insurance That Is Not In My Name?

Output: How can you add a car that is not in your name , a car that clearly you are not a designated driver , you have no financial interest , and that you seemingly would be assisting someone to violate the insurance laws of your State . If you understand the `` liability '' you are assuming , assuming the insurance company would be so careless , the next question the insurance company better be asking themselves if you have the integrity expected of a person they want to insure .


Input: Does UMPD Cover Damage To A Stolen Auto With Liability Only Coverage?

Output: UMPD covers damage to your vehicle if it is in an accident caused by another party hit you and is at fault . Unfortunately UMPD does not cover the theft of a vehicle . You would of had to carry comprehensive coverage to cover the theft of your vehicle


Input: How Do Homeowners Insurance Agents Get Paid?

Output: Great question ! Most insurance agents are paid on commission , meaning that the insurance company will give them a percentage of whatever policy premium that they are able to sell . Some companies may give a small base salary , but typically the agent earns money by selling policies , and riders -LRB- additions to the policies -RRB- . The more they sell , the more they make . Thanks for asking !


Input: Are Life Insurance Proceeds Taxable In Delaware?

Output: No , Life Insurance proceeds are not taxable in Delaware for income tax , unless the proceeds exceed the face amount of the policy -LRB- the just the excess is taxed -RRB- , or if the proceeds are taken on a long term payment plan -LRB- then just the interest paid is taxed -RRB- . If the estate is higher than the exempted amount , life insurance can be charged estate tax . And if the proceeds go to the estate rather than a beneficiary who is a person , trust , or entity , they can be taxed .


Input: How Much Does Life Insurance Cost For Seniors?

Output: The cost of life insurance for seniors is much higher than for persons in their 20 's and 30 's , because the mortality rates for seniors are much higher than for young adults . However , if you are a senior person in good health , or with a very well controlled health condition , there are companies that will cater to you . E.g. Getting type 2 diabetes at age 70 could enable you to still get Preferred rates with a few companies , whereas that would not be likely if you got type 2 diabetes at age 20 . If you are a senior in good health and you want more coverage than just for your funeral , it can be worth it to use a medically underwritten policy . But be prepared to have an EKG , answer simple questions to test memory -LRB- e.g. who is the president of the US -RRB- , and have all your medical records reviewed . Using an agency that specializes in senior life insurance can help you jump all the hurdles to get your best rate . For small , no exam final expense policies , the rates for seniors will depend a lot on your age and whether you are male or female . You can expect to pay from $ 50/mo to $ 200/mo for a burial policy , on average .


Input: How Much Does Life Insurance Cost For Seniors?

Output: Life Insurance for the elderly can be costly , but it really all depends on gender , age , smoking status and health condition . A nonsmoking preferred male 61 desiring to secure a 20 year term life insurance coverage will pay around $ 7,000 in annual premiums , it could 30 % more if coverage was to age 100 .


Input: How Much Does Life Insurance Cost For Seniors?

Output: Senior Life Insurance is generally referred to as `` final expense insurance '' or `` burial insurance '' . These are smaller policies that do not require an exam and normally are Whole Life so that they stay in effect until the time of death . Some allow you to pay the premium all at once , or for a limited time , while others require that you pay the premium to age 100 . Some Senior Term Life is offered , and some Senior Whole Life policies do not guarantee that the premium stays level . With both , there is a risk of the policy becoming unaffordable before death occurs . However , Seniors are not restricted to getting burial insurance policies . Persons of advanced age can get any amount of medically underwritten coverage for which they qualify financially and health-wise . Senior Life Insurance will not be as low priced as life insurance for younger persons , but by shopping with a number of carriers you can find the most affordable senior life insurance available .


Input: How Much Does Life Insurance Cost For Seniors?

Output: Search the Internet for mortality graph . You will see a steep curve showing the increasing probability of death as a person matures . This is directly reflected in premiums . On the other hand seniors pay into their programs for a shorter period of time . Permanent insurance usually costs less than the death benefit , particularly for standard individuals . The problem with term insurance in older years is that it is not always available and often expires before the insured .


Input: How Much Does Life Insurance Cost For Seniors?

Output: The lowest premium on senior whole life is usually $ 15 . But the cost for you is determined by how much death benefit you buy and your exact age , gender , smoker status , etc. . You can pull up free rate quotes for many of the lowest priced senior whole-life companies right here WEBSITELINK All these companies will lock your rate in for life with full guarantees . You can find cheaper premiums if you allow them to give you non-guaranteed rates . I do not recommend that .


Input: How Much Does Life Insurance Cost For Seniors?

Output: When buying life insurance at any age the premiums are always based on mortality tables . The average mortality rate is age 81 for women and 79 for men . The closer to that age the higher the premiums will cost . For the most part depending on the face amount and the term of insurance you can expect to pay in the $ 100s per month .


Input: How Much Does Life Insurance Cost For Seniors?

Output: There 's many factors that go into the premium calculations for life insurance to say what an average life insurance policy costs for seniors - it will be different for every person due to a number of factors including their age , gender , amount of coverage they want , how long they want the coverage for -LRB- guaranteed to age 90 , 95 , 100 , 121 , etc. -RRB- , and their medical history . The risk classification -LRB- determined by the medical history -RRB- is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . I would suggest consulting with an independent life insurance broker who can work with you on a personal level and help determine what coverage is appropriate/suitable for your needs and budget and which carrier will work best for your program . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: How Much Does Life Insurance Cost For Seniors?

Output: Life insurance is all mathematics . A senior is closer to their end of life than a young person so obviously the risk is much greater . In addition to the increased mortality in a seniors current age group there are also fewer years to collect money to pay death benefits as life expectancy is also closer . However , it is still cheaper than trying to fill the economic whole created by death and should be considered as long as companies will accept you .


Input: What Is Good About Universal Life Insurance?

Output: Flexibility is the primary advantage of a universal life plan . The next advantage is that the earnings on the cash value portion of the policy are handled by a separate account , not the normal fund that a company would use for their whole life contracts . This account tends to have a better yield . The flexibility of the policy means that you can design death benefit and premium schedule to meet your needs and change and suspend different parts of the policy as your situation changes .


Input: Where To Purchase Term Life Insurance?

Output: Term life insurance is available for sale through a number of channels , including online . On the surface deciding what term insurance to choose appears to be simple , who has the best initial price . In addition to determining the amount of insurance needed , there are a few more things to think about . What do the renewal premiums look like ? How long do I need the coverage ? Am I going to want to convert this to level premium permanent insurance ? What conversion options are available ? If the quote is annual , how do the monthly premiums compare ? And more . An independent insurance broker , who represents several companies , can help you find the right product at the right price . 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: Where To Purchase Term Life Insurance?

Output: Since you are internet savvy enough to pose this question to an online website , you may prefer to buy your life insurance online . Some websites offer instant quotes , so that you can explore what type of policy you can afford . Then you can contact that website to make sure you are qualify for that policy , and to apply . In most cases , the entire process can be completed without even having to leave your own home . If you would rather meet with an agent face to face , you can look up Life Insurance in the Yellow Pages to find a local office .


Input: Where To Purchase Term Life Insurance?

Output: As David stated , there are many places to buy Term Life Insurance ! Whether you do it online , by mail , via email , or face to face , you will want to be relatively sure that you are applying for a policy for which you will be approved , and this can take some personal guidance . It is also important to look at the guarantees , the rating of the carrier , and what your policy covers . I am running into many people of late who are being quoted accidental death insurance by phone if they do not fit a certain agency 's narrow health guidelines for life insurance . Once they have that very low quote for accidental death insurance in their minds , it is hard for them to switch gears and talk about real life insurance . Yet , anyone with a pre-existing condition is much more likely to die of natural causes than accidental death . It 's akin to paying the sale price for a shirt you will never wear , vs paying regular price for a shirt you will use until it wears out . I bring this up to warn you not to jump at every offer you hear . Consult with an agency who knows what they are doing , and buy your life insurance there . This is a long term purchase , and you do not want to mess it up .


Input: Where To Purchase Term Life Insurance?

Output: You should seek out the services of an experienced life insurance professional when considering any life insurance purchase . Term is simply a temporary life insurance product type , not a simple product that anyone with a license can sell properly . While there are many non traditional places life insurance is offered for sale these days - online , bank , stockbroker , etc. life insurance is a complex financial product requiring specialized training and experience .


Input: Where To Purchase Term Life Insurance?

Output: The best place to purchase life insurance is from a licensed life insurance agent . If you do not know an agent , get recommendations from your friends , colleagues or neighbors . Setting the appropriate limits and selecting the best product are important to your satisfaction . If you wish , however , you can buy life insurance like you buy any other commodity . There are a variety of vendors eager to help you from the internet to mail order .


Input: Where To Purchase Term Life Insurance?

Output: Most alllife insurance companies offer term life insurance . To purchase a term life insurance policy you can buy online , over the phone straight from the carrieror a trusted insurance advisor . I personally recommend the later so you fully understand what you are buying and get the very best rate for your unique situation .


Input: I Got Into A Car Accident Due To Someone Else Cutting Another Driver Off. Can It Be Considered My Fault?

Output: Honestly , this one sounds like it is going to be well investigated . It semms as if you were saying that the driver who was cut off swerved into the lane you already occupied . If that account can be substantiated , then it may be that the other driver might be at least partially liable . The best thing to do is to talk to your Insurance Professional about the terms and conditions of your policy . Further , let the Claims Professionals who are trained to investigate these matters complete their task .


Input: I Got Into A Car Accident Due To Someone Else Cutting Another Driver Off. Can It Be Considered My Fault?

Output: That is a great question ! I 'm very sorry that you had to ask it , and I hope that you and the other driver and your passengers -LRB- if any -RRB- are okay . It sounds as if you were in a bad place at the wrong time . The insurance company will most certainly have their claims investigators look at this case . While thay will surely do their best to help out everyone involved , they will also try to ensure that everyone who had a part in the accident is shown to the insurers . Your statement said you hit him at 65mph as you `` were about to exit . '' You may be at fault in their eyes if that is above the posted speed limit , or deemed to be too fast for conditions . If there was not a reasonable opportunity for the other driver to pull into your lane safely because of your speed or closeness to the vehicle in front of you , you may very well be legally at fault . Generally speaking , if you hit someone from behind or the backsides of the car , you are going to be found at fault , as you should have had time to react and avoid them . Generally , not always . I hope that it works out for you , and again , I 'm glad no one was hurt . Thank you for asking .


Input: I Got Into A Car Accident Due To Someone Else Cutting Another Driver Off. Can It Be Considered My Fault?

Output: Claims departments hire people with extensive experience and they are able to unravel these types of accidents . The fact that the accident was the result of the erratic driving of someone who was not directly hit creates a difficult situation . Each driver is expected to keep their car under control at all times and that will probably become the overriding principle . However , a driver is not allowed to operate in an erratic manner either .


Input: I Got Into A Car Accident Due To Someone Else Cutting Another Driver Off. Can It Be Considered My Fault?

Output: In Georgia , you can file under your uninsured motorist coverage if an accident is caused by someone else even if you are unsure who they are . If there is an impact with you then a police report usually suffices . Without an impact with you such as the person that cut you off then a non related unbiased witness along with the police report usually works . Of course this does n't apply if you do n't carry uninsured motorist coverage . Being able to file it this way rather than your collision coverage should help your rates by not having an at fault accident on your record .


Input: Do I Need Disability Insurance In South Carolina?

Output: Yes , if you bring home a paycheck , you need disability insurance in South Carolina . The State of South Carolina does not offer state disability insurance or require that employers offer it . So if you are not getting a group policy through your place of work , it is important to purchase individual disability insurance .


Input: Do I Need Disability Insurance In South Carolina?

Output: No matter where you live , if you have a job you need to protect your income . Disability insurance protects your paycheck . Most Americans have 90 days of cash reserves for emergencies , so disability insurance can mitigate periods of disability due to ongoing sickness and recovery from injury . Disability insurance is a major part of defensive planning .


Input: How Much Does Life Insurance Cost For A Family Of 4?

Output: Unfortunately , that question is impossible to answer because there are so many variables that determine the cost of life insurance . The premium for each person will depend on their gender , age , tobacco status , build and health . The type of policy you get will also make a big difference in how much life insurance will cost for a family of 4 . Sometimes the same policy will work for the entire family , usually through the use of riders . Keep in mind that if the primary Insured passes away , the spouse and/or children on the rider will need to get a new policy . I generally advise adults to get their own policies , because often they can get a better rate using different companies . With kids , it can be very cost effective to put them all on one rider . If something would happen to the primary Insured , they are usually able to convert or get another policy at a reasonable price .


Input: Why Is Medigap Needed?

Output: Medigap Plans are needed because Medicare Part A & B alone will only cover up to about 80 % of the costs of the your healthcare . Medigap Plans -LRB- or Medicare Supplement Plans -RRB- are designed to cover what Original Medicare Part A & B does not such as coinsurance and deductibles . Medicare along with a good Medigap Plan is great health insurance coverage .


Input: Why Is Medigap Needed?

Output: Original Medicare -LRB- Part A and Part B -RRB- began in 1965 and was never designed to cover all of your costs when you go into the hospital or when you see your doctor . Medicare Supplements sometimes called Medigap plans , pay health care costs or fill in the gaps that Original Medicare does not cover like deductibles , co-insurance and co-payments for Medicare approved services . When faced with serious or chronic health problems you could end up with medical bills totaling thousands of dollars if you dont have a Medicare Supplement .


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: There are only a handful of universities that offer degrees in Insurance . If you are looking for professional training law would probably be the most helpful , particularly if you want to be involved in estate planning or commercial insurance . A degree in marketing would prepare you for that aspect of the insurance business . Actually , insurance agents come from a wide variety of educational backgrounds .


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: When asking what college major to study in order to be an insurance agent ? The simple answer is none , dont get me wrong Im not against going to college but the reality is successful insurance agents come from all walks of life . When I ask agent that have gone to college and are now insurance agents what they would have done differently , they all say the same thing , I wish I would have skipped college and just got into the business . That being said if youre thinking about being an insurance agent find a good mentor that is willing to teach you how to become successful . Ive ran into too many individuals who have gotten out of insurance as fast as they have gotten in because they didnt take the time to find the right person or agency that would teach them the math behind the machine that make you successful . If you have any other or specific questions feel free to contact me at myfieldtrainer.com


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: There are a few schools that offer Risk Management and Insurance . I attended a university that offered this as a program of study and took some RMI courses . The program does provide a good base knowledge of insurance and the products out there , but it was more along the lines of how an insurance company operates versus how an agent or agency would operate . I would recommend a business degree or something along those line , although not required most of the time to become an insurance agent .


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: For the most part , Insurance Companies , when considering an applicant for an agency position , would be looking for a Bachelor 's Degree . The specific concentration of study is not necessarily that critical as agents come from all sorts of different backgrounds . If you have graduated with a degree in Insurance or Marketing as your college or university may offer , that is certainly a plus , but not in my experience a requirement . My Bachelor 's Degree is in Political Science for example .


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: There are a few universities that offer bachelor degrees in risk management and insurance . Or certainly a business degree in marketing . Education is a wonderful experience that no one can ever take away from you . However , there are many successful insurance agents without degrees who found great mentors in our industry . One thing to consider is unless you have a full scholarship or deep pockets to pay for this degree , measure the cost versus use in our industry . I believe you will find a hard time justifying the high cost of college versus the reward of a degree in an industry that does not require a degree to be hired or become successful . Just my two cents .


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: Well , what is the best major to have to be an insurance agent ? First let me qualify this by saying you do n't have to have a college degree to be an agent , nor is there really a major to become an insurance `` agent '' . You can do several business type majors that would work perfectly for working on the company side of insurance . Finance , computer science , math , accounting and so on would work for the company side . For the agent side ? A bit different . I guess I can tell you what my choices were from college . Originally a accounting/computer science major who in my 4th year decided to switch to marketing and industrial psych . The business background helped because when you are an agent you are in business for yourself and really by yourself . So understanding overhead , management , advertising are all pluses . However , I have the most mileage from the industrial psych classes . Industrial psych is workplace psych where you study why people do what they do at work . That education has helped me greatly as insurance sales as an agent really is about forming relationships and trust if you want a long term business relationship . Just remember no matter what you do , if you go into this business there will be people that love you and people that do n't . Try and focus on those who love you and let somebody else have those that do n't . Honestly there is enough to go around .


Input: What Is The College Major To Study In Order To Be An Insurance Agent?

Output: That 's a great question ! Selling insurance does n't really require any particular field of study to help you be successful . While having a degree in a business or marketing related field can help , what you really need to be successful wo n't be learned behind a desk . To be successful you need to be empathetic , caring , and a good listener . You need to be able to put the needs of a client above your desire for commissions . You need to be able to foster and maintain relationships , and you need to be able to persuade someone that you are the answer to their problem . That comes from within , not a classroom . Thanks for asking !


Input: Can You Hold Life Insurance In An IRA?

Output: Generally speaking , life insurance may not be held ortitled as an IRA or qualified plan . Nor can life insurance be housed or kept inside such a plan.However , there is one small exception . A qualified plan , under the `` incidental benefit '' rule can contain a small amount of life insurance . But keep in mind that theamount of allowabledeath benefit must be very small and qualify as `` incidental '' compared to the overall plan balance .


Input: Does Homeowners Insurance Pay For New Roof?

Output: homeowner 's insurance will pay for a new roof if the damage is a result of a covered claim . For example , if a tornado causes damage to the point where your roof needs replacing , it will be covered . If a few shingles are damaged and they can be replaced instead of an entire roof , that will also be covered .


Input: Can I Get Health Insurance For My Newborn?

Output: First Congratulations ! Second , yes absolutely you can purchase health insurance for your newborn . However , there are rules that only allow you do so within so many days . So there is a clock running . Now there are different ways to go about getting that coverage in place . One approach may make it much more affordable than others for you and your situation . The last 9 months have seen a litany of new steps and rules for each of us to navigate in order to purchase insurance . Please call our office for one on one guidance through the process . You can reach me at 913-279-0077 .


Input: Can I Get Health Insurance For My Newborn?

Output: Yes , you can . What kind of health insurance you can get your newborn will depend upon your circumstances but your ability to qualify for and to be offered coverage are guaranteed by law now . If you or your spouse are employed and have health insurance through your employer then you may want to add the child as a dependent on your group coverage . Your child can also qualify for an individual health insurance policy that is guaranteed to be issued and that can not have any pre-existing conditions limits or exclusions . And , depending upon your income level , your newborn may qualify for health coverage under government programs such as the Children 's Health Insurance Program -LRB- CHIP -RRB- or Medicaid . Whichever way you go to get health insurance coverage for your newborn get the child enrolled within 30-days of their birth .


Input: How Do Long Term Disability Policies Work?

Output: Long Term Disability Insurance policies pay out a cash benefit when the insured person is unable to work due to injury or illness . When you buy the policy , you select an elimination period , which is the amount of time you will need to wait until the coverage kicks in . The longer the elimination period , the lower the premium . Then you select a length of time that you want the coverage to last . This can be from a couple years to a lifetime . There are other features to choose from , as well , and all are important in how your policy will pay out if you need to use it . To get a long term disability policy that you can rely on to pay out if you are disabled for over a few months , contact a trusted broker who can explain all the features and help you get a policy that work well for you .


Input: Can You Have 2 Life Insurance Plans?

Output: Yes , you can have two or more life insurance plans . You must qualify financially for the total amount of coverage that you possess , but it does not matter how many policies that you have it in . Sometimes people diversify their life insurance so that they have different products to meet different needs , or to spread their coverage out between different companies so that all their eggs are not in one basket .


Input: Who Has The Best Disability Insurance In Arizona?

Output: Disability insurance is a complex morbidity product priced on the basis of your personal medical and behavioral information and annual compensation . Your age , gender , smoking status , health history and current medical condition play a role in the underwriting decision and ultimately the price tag . Behavioral items like motor vehicle violations , vocational hazards and recreational activities also contribute to the premium you 'll pay for coverage . One of the leading disability companies is the Standard .


Input: Who Has The Best Disability Insurance In Arizona?

Output: If 5 different people got disability insurance in Arizona , chances are they would end up with 5 different companies . There are some plans that are best for physicians , some are best for laborers , some for self employed persons . This is in addition to the difference in price for persons of different ages and health , and looking for different features in the policy . To find the best disability insurance premium in Arizona for you , it is best to talk to a broker who really knows his/her stuff . You will end up with the right plan and may save money over going with what you thought was the best company in the state .


Input: Will My Car Insurance Ever Go Down?

Output: Car insurance rates reflect the risk that an insurance company determines and then prices accordingly . These rates certainly reflect a company 's over all experience in your state as well as factors personal to you that are applied . If you are paying a higher premium due to loss history , your driving record or credit score , each of those factors can be changed to your favor and the result will be lower premiums .