Input: How Long Do You Pay For Long Term Care Insurance?

Output: You pay for long term insurance by sending the insurance company a check every month , three months , six months or annually . The payment can be paid electronically through a checking account and there may be insurers that bill you directly . Each carrier is different so you can ask your full-time broker to explain the billing methods of the companies . Regarding how long you pay , it depends how long you want coverage . Until you are collecting on a claim , you would have to pay premiums .


Input: How Much Do Employers Pay For Disability Insurance?

Output: In Canada , it is usually recommended that employees pay for their own group disability insurance . The reason is that if the employer pays for that portion of the group premium then the benefit -LRB- disability income -RRB- is taxable to the employee . The usual scenario has the employer and employee each paying 50 % of the total group premium . Under certain circumstances . it possible to structure individual policies where the company pays for the entire premium and deducts it as an expense . In this case the benefit -LRB- disability income -RRB- is taxable to the employee should he/she become disabled . The amount of income they could qualify for is increased to recognize the income would be taxable . The payment of the premium is not considered to be taxable benefit since the disability income is taxable . 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: How Much Do Employers Pay For Disability Insurance?

Output: How much do employers pay for disability insurance ? Well it depends on what you 're thinking disability insurance is . If you are thinking about workman 's compensation insurance for on the job injuries , it usually is a factor of the job and number of hours worked and claims history both for the specific occupation and the claims of the business .


Input: Is Home Insurance Negotiable?

Output: I am not sure exactly what you mean . But if you mean going without , then no a mortgage company would not allow that , and if you own outright it would be a foolish choice to go without . If you mean price negotiation , then that really is not practical as the rates used are filed with the individual state Insurance Departments usually months before they are used or even years if a company is comfortable with the rates it has filed . All that said you might want to seek out an Independent agent who has multiple companies . You wo n't be able to negotiate price , but you will have a chance to compare what you get in the way of coverage from several companies.For GA Homeowners , Auto , Renters or Life Insurance contact the Insurance Browser Inc 1-866-933-4372


Input: Is Home Insurance Negotiable?

Output: Homeowners Insurance is filed with the individual state insurance department for rate filing . Most states that I 'm aware of will not allow for negotiation of prices or `` rebating '' returning commission to an insured . To get the best rate I would concentrate on searching the entire market . Make sure to check different deductible levels . It is usually a very competitive market , if you do your homework you should find the best value . Always remember to check `` apples '' to `` apples '' on quotes . Try and get proposals with matching dwelling amounts and deductible limits so you know you are comparing them equally . Hope this answer helps .


Input: Can Term Life Insurance Be Cashed In?

Output: That is a great question ! I would love to tell you that your term policy can be cashed in , but because of the way your policy is structured , there is no cash in it to receive . Term policies are as cheap as they are because the premium that you pay is designed to only cover the cost of the insurance , and nothing else . Whole life policies include a cash value aspect , and that is part of the reason they are more expensive . I hope that helps , thanks for asking !


Input: Can Term Life Insurance Be Cashed In?

Output: No . Term insurance is exactly what its name implies , you a buying protection -LRB- some might say renting it -RRB- against the possibility of death occurring during a specified period of time . Term Life Insurance is the least expensive form of life insurance because of its defined duration and because it does not contain any cash build up provisions . Some life insurance companies `` enhance '' their term life products with an option called `` Return of Premium '' but the policyholder pays extra premium above and beyond the cost of the basic term life insurance policy for this privilege . Essentially you are loaning the insurance company your money interest free for them to invest for 10 , 20 or 30 years while simply returning the original money you paid in at the end of the policy 's term . I wo n't argue whether this is a good or a bad investment of money , many people are lousy savers so this approach would give them some money at some future date . However , if you look at the price difference between a pure term life policy and a term life policy with the same death benefit amount and the Return of Premium feature and you invested that difference in a mutual fund or the stock market over the same time frames I suspect the vast majority of people would end up with more money by going down the investment route . You should definitely discuss this with a financial planner or other impartial advisor before making the decision to purchase term life insurance with or without the return of premium option . As an insurance sales person , I definitely believe in the value of life insurance , both term and permanent . But the commissions earned are higher when we sell you a term life policy with the return of premium provision simply because the premiums are higher . If your agent does n't at least touch on these issues with you , perhaps you should visit with another life insurance agent .


Input: Can Term Life Insurance Be Cashed In?

Output: Term life insurance does not build cash value so there is nothing to cash in - only permanent insurance policies build cash value -LRB- universal life and whole life -RRB- . When you terminate a term insurance policy , the coverage ends and you get nothing back . However , if you have a term policy with a Return of Premium rider , you may get a percentage of premiums back after a certain amount of time has passed - read the language inside of your policy for specifics if you bought this rider when you set up the policy . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: Can Term Life Insurance Be Cashed In?

Output: As a general rule there is no cash accumulation in term life insurance and so there is nothing to cash in . The one exception to this is so-called ROP or `` return of premium '' coverage which is still available with some carriers . This coverage however is heavily weighted with a front end load so that most cash would only be available in the last years of the policy .


Input: Can Term Life Insurance Be Cashed In?

Output: Most term policies do not have cash value . However , some do . Check with either your agent or the insurance company to determine if there is any cash value available . However , do not surrender any policy if there is any reason to keep it . Life insurance will never be cheaper and your health may make securing another life insurance policy impossible .


Input: Can Term Life Insurance Be Cashed In?

Output: Term life insurance is not known to be a cash accumulating life plan so there is nothing to cash in . It is a temporary plan that is `` rented '' for a specific period of time . Only the cash value type insurance plans can be cashed in after a certain time period . Those most common are whole life , universal life , indexed universal life and variable life .


Input: What Is A Pre Tax Retirement Plan?

Output: Pre tax retirement plans that make contributions to retirement accounts before taxes are assessed on wages . The pre tax contributions lower the wage earners tax with holding and lowers the net pay , but the accounts accumulate tax deferred . That deferral can have a significant impact on money over time .


Input: How Long Do You Need Long Term Care Insurance?

Output: It depends on your circumstances . The older you get the greater your chance of needing long term care . That being the case you would want to continue your Long Term Care coverage until it becomes evident that you are going to die without going into a facility and no longer need the insurance .


Input: How Long Do You Need Long Term Care Insurance?

Output: Long Term Care insurance policies work for as long as there are benefits left in the policy . If you purchase a LTC policy with a three year coverage period , the benefits will quit paying after a qualified nursing home stay -LRB- or other covered type of care -RRB- of three years . If you purchase a policy with a lifetime benefit cap of $ 100,000 the policy will quit paying when the $ 100,000 has been all paid to you . Riders on life insurance policies that allow the death benefit to be used for long term care type needs run out when the amount allowed for that rider is used up . How long you need Long Term Care insurance to last can not be known in advance , but you can weigh out the premiums and features of the policy with your agent and come up with a policy that works for you .


Input: Can You Cash In A Universal Life Insurance Policy?

Output: Yes , you can cash in a universal life policy . Discuss the ramifications of your decision with your agent , first . If you do cash it in , you can roll the cash value over into a new permanent policy without paying taxes on the cash . To cash it in , you call the company through which it was issued .


Input: Can You Cash In A Universal Life Insurance Policy?

Output: You can cash in your universal life insurance , provided it 's not guaranteed universal life insurance . The other policy types are current assumption , indexed and variable universal life . Keep in mind that all these policy types have surrender charges and that any gain in the contract will be taxed as ordinary income .


Input: What Type Of Health Insurance Does France Have?

Output: The French health system combines universal coverage with a mix of publicprivate hospital and ambulatory care that leads to a higher volume of service than in the United States . Indicators of health status and consumer satisfaction are high and France 's expenditures , as a share of gross domestic product , are far lower than in the United States , Average patients have an extraordinary degree of choice among providers .


Input: What Is The Meaning Of Home Insurance?

Output: Great question ! In simple terms , the purpose of any kind of insurance is to protect you or others , from financial hardship as a result of a loss . In life insurance , that loss is obviously a death ; in health insurance , your health . Homeowners insurance is designed to protect you , your mortgage company , and your family from expenses that arise from the loss or damage to your home . Like the insurances mentioned above , it is essential to have to protect your financial stability . If you would like more help , please feel free to contact me . Thanks for asking !


Input: What Is The Meaning Of Home Insurance?

Output: The basics : Home insurance or homeowners insurance is an insurance carrier backed policy that provides protection for a policyholder and other ` insureds ' - as defined within the policy - in instances where the dwelling and or the personal belongings -LRB- contents -RRB- are negatively affected by the occurrence of an unforeseen , covered peril , such as fire , explosion , theft , etc. . Additionally , homeowners insurance protects the policyholder and other ` insureds ' in the event they are held liable for damages to others . This can be for injury or property .


Input: What Is The Meaning Of Home Insurance?

Output: A homeowners policy has two major sections . There is coverage for your property . This includes the residence and the personal property -LRB- furniture , clothing , appliances etc. -RRB- located at the property . The second section is liability . It covers you if you are sued for bodily injury or property damage . This type of hazard insurance is required by most lenders to protect their interests . Because the amounts at risk are so large it is recommended for everyone .


Input: What Are Some Common Frauds Committed By Life Insurance Agents?

Output: Common frauds may be a harsh word . But the most common things they do to make a quick buck could include ... 1 . Telling a smoker to apply as a non-smoker . This will get them a lower premium and the agent can make an easier sale BUT if the applicant dies anytime soon it will always get caught and the beneficiary will always lose out . 2 . Selling term insurance to people that want it until they die or selling whole-life to people who want temporary insurance . Those happen a lot . 3 . Selling UL universal life to people that want whole life and not explain the difference . 4 . Quoting preferred rates to people to get an application when it 's obvious they will be rated as standard .


Input: Does Renters Insurance Cover Hotel?

Output: If you can not occupy your rental unit because of damage , there is coverage called , additional living costs . Under this provision the company will pay the reasonable and necessary increase in living expenses for you to maintain the normal standard of living for your household . It well could be that a hotel would be a suitable arrangement .


Input: Can You Use Your Health Insurance Out Of State?

Output: This is a very important question , especially in the individual health insurance marketplace after January 1 , 2014 . Individual insurance carriers have revamped their products significantly to compete in this new environment and the consumer needs to be well informed when making their choice as the answer to your question will vary significantly from one insurance carrier 's products to another 's . As a general rule of thumb , you can be pretty comfortable that in a life threatening emergency your insurance coverage will apply outside of your home state . Where things can get confusing and possibly expensive is when a subscriber seeks non-emergency care outside of their home state or perhaps even outside of their plan 's service area within their home state . Before enrolling in a plan you need to know if it has moved to an HMO type of model where you may have little or no coverage outside of your plan 's service area -LRB- this could literally be an area encompassing several counties within your state -RRB- , whether the plan has gone to a gatekeeper model where a referral from your primary care physician is required for treatment to be covered at in-network levels , or whether your chosen carrier uses an open network model where you can access their provider network any where in the nation without a referral being required . My advice is to seek out the guidance of an experienced health insurance broker who understands how different health insurance carriers have structured their products and who can educate and guide you to the plan that best fits your needs . Please feel free to contact me for assistance in this regard .


Input: Can You Withdraw From A Retirement Plan?

Output: The operative word is this question is `` withdraw , '' which could trigger an ordinary income taxable event and an additional 10 % penalty before 59 1/2 if you have a qualified plan . Some qualified plans allow participants to borrow money from their plans with an interest charge and a payback schedule .


Input: What Is A Personal Injury Endorsement?

Output: Tom has given you a good answer and indirectly brought attention to one hidden values of insurance which is defense costs . Most personal insurance policies auto home and umbrella usually provide defense from others who bring suit against you . It of course has to relate to a coverage in the policy . So in the personal injury coverage it would need to relate to libel , slander and the like as Tom says . But typically you do not have to buy separate defense costs it is usually just part of the policy and a very important feature at that . In the real world personal injury is usually something you can avoid by keeping out of other peoples business . Remember that the best defense to libel or slander is that the what you said or have written about someone else is completely true . If it is strictly your opinion or something you could never prove true , save your self the aggravation and do n't say it or write it .


Input: What Is A Personal Injury Endorsement?

Output: A Personal Injury Endorsement is an amendment that can be applied to your Homeowners , Condo Unit owners or Renter 's insurance policy . The basic Liability coverage provided in these forms protect you in the event that you are responsible for the physical injury of another or damage somone else ' property . Personal injury is different in that it does not refer to physical injury of another or property damage , but extends protection for you in the event you are accused of slander , false arrest , defamation and the like . In other words , injuries that you are accused of causing that do not affect the body of another opr their property .


Input: How Much Can You Borrow From Life Insurance?

Output: You can borrow almost all of the available cash value of the policy if it 's whole-life insurance . For instance , if your policy is for $ 100,000 and you have built up $ 40,000 of cash value you can usually pull out around $ 39,000 from the policy . Your death benefit will be reduced by the amount you have pulled out . If you have term life insurance you ca n't borrow any at all .


Input: What Is A Good Deductible For Renters Insurance?

Output: Your deductible level for your renters insurance is something that only you can determine . What dollar amount are you comfortable paying out in the event of an accident ? $ 0 , $ 50 , $ 100 , $ 250 , $ 500 , $ 1000 these are the most common deductible levels for renters insurance policies . I would personally suggest a minimum deductible level of $ 500 myself .


Input: Can I Use My Car Insurance To Rent A Car?

Output: I think your question may be a bit different than perceived by the earlier respondent . Are you asking if you fly to another location and rent a car is that covered as a temporary vehicle or not and then if it is a temporary vehicle does your own insurance apply or do you need to buy liability coverage at the rental counter . If I understand the question correctly the answer is that it depends . You may have coverage as a temporary substitute vehicle to the extent that you have coverage on the vehicle you are substituting for . I would suggest you discuss this issue with your agent , so he can review what exactly you have coverage for . Keep in mind that auto insurance in the US is typically limited to the US and Canada not Mexico so when you travel to another country be sure to go over your itinerary with your agent . Some countries like Mexico do not recognize US insurance as being valid . If you get to the rental counter in another country and forgot to review things with your agent then do this . Buy at least the minimum liability coverage they have required of the locals .


Input: Can I Use My Car Insurance To Rent A Car?

Output: Your current auto insurance may provide some liability coverage if you are involved in an accident that you are deemed responsible for while renting a vehicle , but it more than likely will not cover any damage to the rental vehicle or provide any loss of use coverage to the rental company or other losses that may be incurred . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Can I Use My Car Insurance To Rent A Car?

Output: It may be that your current car insurance extends coverage over to private passenger vehicles that temporarily replace yours . You 'll need to talk to your Insurance Professional to see if your policy does this . If it does , keep in mind that ONLY the coverage you have carries over so if you do not have Collision coverage , for example , you wo n't have that for the rental . Be careful of gaps in protection .


Input: Can I Use My Car Insurance To Rent A Car?

Output: Most if not all Insurance companies allow for this type of coverage on your insurance policy . If you elected coverage of a rental on your policy when you purchased the plan then yes . Always double check your policy to make sure . Some folks decide to go without to save but find that the rental carriers cost a bit more for the temporary coverage . It pays to shop around to .


Input: Can You Transfer A Whole Life Insurance Policy?

Output: If by transfer , you mean the changing of ownership , be advised of the potential taxable event if there is gain the policy . Order an in force ledger and have it reviewed intandemwith the original policy and the last annual policy statement . Having an insurance and tax professional review these documents can assist you in determining the economicviabilityof the transfer . If by transfer you mean , exchanging the present policy under the 1035 rules for a new policy without changing ownership or the insured , you can do that.Whetheryou should that or not is another question . Seek out an insurance and tax professional before moving forward with a transfer or exchange . We can help with that .


Input: Can You Transfer A Whole Life Insurance Policy?

Output: Yes , the policy owner has the right to transfer the policy to another owner . Care would have to be taken to ensure it is done without adverse tax consequences . We have often seen policy owners simply make the change directly with the insurance company only to find out later that the result was taxable . Depending on the facts and circumstances , the transfer itself can be taxable to the extend of gain and in many cases , a transfer might result in the death benefit being taxable when received . There are several ways that a transfer might be arranged such as by gift or sale . There are IRS regulations which set the value of the policy for tax purposes . Life insurance , tax and legal professionals can help you assess your situation to avoid traps so plan ahead before making changes .


Input: Is Long Term Care Insurance Worthwhile?

Output: The # 1 risk to retirement is living too long . The longer we live the possibility of running out of adequate retirement income increase . And with that increase comes the high probability of needing assisted living or even nursing home care . Extended living will impact elder care costs , so long term care insurance can help mitigate those costs .


Input: What Is Best Health Insurance For Self Employed?

Output: It really depends on how good your health is -LRB- do you go to the doctor a lot ? have lots of prescriptions ? upcoming surgery ? -RRB- and what your income is . If you fall into the income level whereby you get subsidy , you most likely want to go with a silver plan . A lot of self-employed individuals like to go with an HSA plan because this enables them to open up Health Savings Account with pre-tax dollars and use the account to pay for their health expenses . Some people are more comfortable with a `` straight co-pay '' plan so they know how much they will pay each time they access the system . It 's very individual . If you 'd like to give me a call , I 'd be happy to help . Sandy Callin , A&B Insurance/Florida Blue 727-512-9508


Input: What Is A Form 712 On Life Insurance?

Output: IRS Form 712 is the decedent insured form filed by the estate executor with form IRS form 706 . The form identifies the policy face amount , accumulated dividends , terminal dividends , the amount of the proceeds , and personal information on the insured like date of birth , sex , etc. . It also asks if the policy was transferred three years prior to the death of the insured .


Input: What Is A Form 712 On Life Insurance?

Output: IRS Form 712 is a statement that provides the life insurance value of your life insurance proceeds to the IRS . It is required to completed and turned in when the Insured person or policy owner dies and the death benefit is paid to you , or when a life insurance policy is transferred to you as a gift . It needs to be returned with Form 706 , 706-NA or 709 , the Estate or Gift -LRB- and Generation-Skipping Transfer -RRB- Tax form .


Input: Is Mold Damage Covered By Renters Insurance?

Output: More than likely not . If there is mold damage in your apartment or the structure that you are renting and there is a claim to be filed . It would fall under the landlords building coverage . Not all carriers provide coverage for mold . To find out if there is coverage for mold within the landlord policy start by contacting the landlord and asking . They are the only ones that will be able to get a correct answer from their carrier as to whether or not they have this coverage within there policy .


Input: When To Cancel Disability Insurance?

Output: As long as you can afford disability income insurance ... do n't ever cancel it . The coverage is designed to protect against our greatest and most valuable asset , our ability to earn an income ! If you are going to terminate your DI plan I always advise clients to pick up less expensive stand-alone accident and critical illness policies to substitute .


Input: How Much Is Life Insurance A Month?

Output: That 's like asking `` how much are mortgage payments a month '' . It depends on the amount of coverage , the type of policy , the age , general health , and tobacco use of the applicant . The type and amount of coverage you choose may be a budget driven decision , but there is no right answer to the question .


Input: How Much Is Life Insurance A Month?

Output: It is impossible to say how much life insurance costs per month for everyone . But for you to see how much life insurance would cost for YOU is not difficult . You can access quote engines on many websites that will show you what the most competitive rates are for someone of your age , build , and tobacco status . If you have a health condition , you may need to call to get a quote . Prices vary widely , so contact an agent to go over your choice before you apply , to make sure you have the best rate for your particular profile .


Input: Why Is Medicare Important To Society?

Output: This is a philosophical question that needs to be answered by the moralists of our culture . The Medicare program is actuarially unsustainable at the current population of the U.S. and the anticipated influx of immigrants . It covers most Americans , but means testing is now a discussion point in the debate of all government support programs .


Input: Why Is Medicare Important To Society?

Output: Medicare is important to society because many older persons can not afford healthcare because the rates would be incredibly high . Medicare provides basic coverage that is welcomed by most Americans . The future of Medicare is being discussed , and although there are differences regarding how to treat these issues , let 's hope a bipartisan solution can be reached . As more persons become naturalized citizens , enormous pressure on sustainability will grow . For the few gaps that exist , a Medigap or Medicare Advantage plan can be purchased from experienced brokers . Rates are typically fairly affordable and there are many policies that can be compared that may match your needs .


Input: What Is Hybrid Life Insurance?

Output: The conventional answer is the combination of permanent life insurance with a term life insurance rider . The current answer maybe the combination of life insurance and morbidity riders like long term care , critical illness , catastrophic event , disability terminal illness , etc. .


Input: What Is Hybrid Life Insurance?

Output: Generally speaking , hybrid life insurance products combine two types of life insurance coverage into one product . When many people hear the word hybrid life insurance , they think of Term , Whole or Universal Life products combined with long term care type benefits . But there are other type of hybrid products that have gained popularity these days . Universal Life that is combined with Term is a hot seller due to its increased flexibility and ability to be offered to older ages . Also , a new Term product on the market offers Term life combined with Accidental Death benefits with no exam , at very reasonable prices and issued within days . Then after the exam is taken the entire policy can be changed to regular life insurance , if desired . For information about hybrid products , it is a good idea to call the agency selling them to get more details .


Input: How Much Should My Car Insurance Be?

Output: Since insurance is designed to pay for the unpredictable , the cost should be the same for you as it would be for 100,000 motorists with your same experience , driving record and age , which are driving exactly the same vehicle in the same community . While that sounds crazy it does illustrate that there isnt a particular price that is best . Insurance companies try to evaluate each risk to make it as equitable as possible .


Input: How Much Should My Car Insurance Be?

Output: Your car insurance rate should be based on many factors , including your driving experience , the type of car you own , where you live , your coverages , and various other bits of information . So how much should you pay ? With the help of an experienced broker , you 'll pay far less than you might imagine ! Experience of at least 25 years is preferred .


Input: What Is The Average Deductible For Renters Insurance?

Output: When you take out your policy you can choose your deductible . Most people today are choosing either $ 500 or $ 1000 deductibles . I have seen some at $ 250 . very few people have a $ 100 deductible today because of the difference in premium . When choosing your deductible look at the differences in premium . It usually makes more sense to choose the higher deductible .


Input: Does Triple A Offer Renters Insurance?

Output: Great question ! Here in Texas the American Automobile Association -LRB- AAA -RRB- does offer renters , home owners and even watercraft insurance in addition to their Auto insurance policies . They also have life insurance and financial services . I 'm fairly certain that your local office will also . Drop them a line and ask them to be sure . Thanks for asking !


Input: What All Do I Need To Get Car Insurance?

Output: In order to get autoinsurancean agent would need name , date of birth , drivers license number and vehicle VIN # and garaging address . The agent would furtherreviewwith youcoverage 's use of vehicle , any other operators in the household , priorinsurancecarrier if there was one . These are the basics . I recommend consulting a local agent in your area .


Input: What Is The Normal Cost Of Homeowners Insurance?

Output: The `` normal '' cost of homeonwers insurance can vary greatly depending on the factors that are used to determine your rate for this coverage . There is no such thing as standard when it comes to insurance coverage . If a policy is done properly it will be configured to meet your specific needs . Insurance is not a one size fits all type of product . It is best to meet with a local agent so that they can work with you to protect all the things that you consider important .


Input: What Does Military Health Insurance Cover?

Output: Most branches of the Military on on TriCare and it covers anything medically necessary . Without understanding the specifics being asked here and not having enough room to write everything that 's covered ... this type of group plan will cover any and all medically necessary services that are n't excluded in the policies limitations and exclusions . TriCare is excellent coverage if you have access to it .


Input: Does Metlife Drug Test For Life Insurance?

Output: MetLife offers life insurance that does drug test , and it also offers nonmed life insurance that does not drug test . The applications for both types of policies will ask if there has been illegal drug use in the past . One policy does a blood test and urine test , while the other just goes by what is on the application , which must be filled out honestly to prevent insurance fraud .


Input: Does Metlife Drug Test For Life Insurance?

Output: Life insurance carriers that require a blood and/or urine test to get a medically underwritten policy will test for indication of drug use . Some carriers , including Met Life , offer the option of a policy that does not require a blood or urine test . However , those carriers then usually require that the use of illegal substances be admitted on the application .


Input: Does Nationwide Offer Life Insurance?

Output: Yes , Nationwide does offer life insurance . They offer Term , Whole Life , Universal Life , Survivor Universal Life , Indexed Universal Life , and Variable Universal Life . Some websites show Nationwide Life Insurance quotes so that you can compare the rates of their products with other companies out there . Or , you can visit their website for a quote .


Input: Can I Cash Out My Roth 401K?

Output: A Roth 401 -LRB- k -RRB- is still a 401 -LRB- k -RRB- and money can not be withdrawn from the plan except as the employers plan provides for such withdrawals . The provisions of a Roth IRA do not apply and you should check with your employer to determine the applicable procedures . The plans provisions will govern any withdrawals .


Input: Can I Cash Out My Roth 401K?

Output: Because your Roth 401k contributions were from after-tax dollars , you can withdraw your contributions to the account without facing penalties or taxes . Withdrawals beyond the level of your contributions , can result in a penalty and taxes if you are under 59 1/2 and have not had the account for a minimum of 5 years . There are some hardship exceptions to the age rule .


Input: How Much Is Annual Homeowners Insurance In California?

Output: This depends on several factors . Depending on your proximity to brush , to fire departments , to fire hydrants , cost of reconstruction of your home , deductible in case of a claim , whether or not you have animals/pool/spa / hot tubs/upgrades to the home or not etc. . The best thing to do is to call an Independent Agency that has access to multiple carriers so that they can ensure your getting the best value for your Insurance dollar and they can help customize a policy for your home and insurance needs .


Input: Should Gun Owners Be Required To Carry Liability Insurance?

Output: This really is n't an insurance question as a political one . I can only offer my opinion and it may not be agreeable to some depending on where you live . Do I think gun owners should carry liability insurance by mandate ? Yes , I do . And I will tell you why . Accidents happen . Guns get discharged accidently , hunters and hikers are accidently shot every year . What happens when the person who has been shot , but not killed ? Who pays their bills ? Who covers the cost of their care ? Should the person responsible be able to say , sorry I have no insurance , too bad for you . Someone already cited `` part '' of the 2nd amendment in a post . Let me add the other part , '' A well regulated Militia '' . I am a well regulated insurance agent , which means I am licensed for insurance sales and required to carry `` E&O -LRB- errors and omissions -RRB- insurance '' to protect the consumer . If by accident I were to cause harm , there would be coverage to help them . It 's an expense to me as I pay for this coverage . I do n't mind that much because if for some reason , by accident I created a harmful situation I would want to provide more than an I 'm sorry .


Input: Should Gun Owners Be Required To Carry Liability Insurance?

Output: That is a very interesting question ! I 'd guess that from an insurers standpoint , anything that they can sell a policy for would be a good thing for them . There certainly are statistics that will prove that people with guns are at more risk of gun violence or accidents than those that do n't own guns , so you can be sure they could make some money . As to whether they should be able to ? That is a stickier question . We require American 's to have auto insurance , because the damages were far too high without it ; health insurance because of the ever increasing costs of health care . I suppose for me , it would come down to the same principle - does making all gun owners have a liability policy lower the risks or costs for the majority of people like health or auto insurance does ? If it deters some one who really should n't have a gun because of some burning need to go out and immediately use it , then I 'm for it ; If it helps lower medical costs/liabilities than maybe ; if it does n't do anything but cost gun owners and profit big corporations , then I 'd have to pass . A very interesting question , and one I 'm glad you asked . Thanks !


Input: Should Gun Owners Be Required To Carry Liability Insurance?

Output: Only politicians can decide if they want to mandate gun owners to carry liability insurance or not . A gun is not like a car insurance or health insurance that affects the lives of just about every one and liability claim may bankrupt an individual . By mandating every one to buy car insurance helps drive down the cost because the pool is larger . Gun liability insurance may be left up to the individual as opposed to being mandated by the government . Hope my humble opinion helps .


Input: Should Gun Owners Be Required To Carry Liability Insurance?

Output: This isnt really an insurance question but rather a political question . Having said that , the principle of insurance is pooling a risk that is too great for an individual to bear , that way the gun owner , in this case , would pay a relatively small premium to avoid paying a large claim . A weapon can do tremendous damage and accidental or purposeful actions involving a weapon could lead to substantial judgments .


Input: Should Gun Owners Be Required To Carry Liability Insurance?

Output: From the practical point of view only , the answer is no -LRB- but even this answer ca n't be separated from the politics as much as I would like -RRB- . I suspect that your question is hinged in some political viewpoint so I will avoid the political implications . Now , should people insure for the liability they have the potential to create ? In that case , I say YES . It is common sense from how I think . That said , however , most gun owners I know and have insured during my career are law-abiding , conscientious citizens and they buy liability insurance that will likely apply in one extent or another to non-intentional events with a gun and these policies will likely pay the amounts and events permissible by policy language . I know of no policy language in personal liability policies that prohibits paying for injuries caused to another while hunting , or of damage to the property of others caused by non-intentional and unintended discharge of the gun . However , I would hazard to say that it would n't be long before carriers would react to reduce and eliminate their exposure if our politics insisted upon coverage or attempted to mandate coverage . It is well understood that the gun wo n't shoot without the act of some human to make it work . -LRB- Except for Google -RRB- Cars wo n't drive without drivers . Legal , responsible gun owners are not the people we read about in the news . Note : Applying this answer to a business or commercial enterprise is unwise and my answer was directed towards a personal application . Different answers apply in the case of a business out of necessity .


Input: Should Gun Owners Be Required To Carry Liability Insurance?

Output: Our constitution via the 2nd amendment addresses the right to keep and bear arms . It really does n't speak as to having insurance so I would have to say that insurance would be a matter of personal choice only .


Input: Where Can I Get Cheap Car Insurance For 18 Year Old?

Output: Cheap car insurance rates for an 18-year old -LRB- and other teenagers -RRB- can only be found by shopping the right way . There are dozens of carrier that offer coverage , and for a young driver , prices could vary by as much as 80 % . An experienced -LRB- preferably 20 years in the business -RRB- broker -LRB- and our websites -RRB- guide you through the shopping process by helping select the companies with the best offers . And yes , if your grades are good , you 'll save money !


Input: Why Do I Need Insurance To Register A Car?

Output: Not to be flip , but the short answer is `` because your State says that you do '' . Most if not all states now require proof of insurance along with other documentation in order to maintain registration on a vehicle that will be operated on local and state roads and hioghways . This requirement came about as a result of many situations over a numnber of years where uninsured drivers caused too many accidents resulting in a large drain on the insurance companies of those drivers who did the right thing without being told . Requiring all drivers to show proof that they maintian car insurance minimizes the huge financial drain on the insurance industry and your neighbors .


Input: What Is No Claims Discount Home Insurance?

Output: Without speaking with the carrier that is providing this discount or reading the policy itself I can only guess . I believe that a no claims discount means that the carrier is providing you a discount on your homeowners policy because you have not had any homeowners insurance claims for at least the last five years .


Input: What Is The Average Renters Insurance?

Output: It will vary depending on the amount of coverage you want , and the area you live in , but I find that typical coverage wil run you between $ 200 and $ 400 a year if you are getting about $ 25,000 in personal property . This does not include flood coverage , if you want to include flood , you need to purchase a separate renters flood policy .


Input: Why Does Home Insurance Cost So Much In Montana?

Output: Home insurance can be expensive is you are not shopping around . Some carriers are full replacement cost others are actual cash value . You most in expensive rates usually are from and independent agent not from a captive agent as a captive agent does n't have as many carriers to offer My best advise would be to shop around or feel fre to give me a call


Input: Will Medicare Pay For Alzheimer's Care?

Output: Medicare will pay for medical expenses for someone having Alzheimer 's , like it pays for medical expenses for persons not having Alzheimer 's . If the person with Alzheimer 's Disease needs to live in a facility due to being unable to care for themselves , and if they have been hospitalized for at least 3 days shortly before going to that facility , Medicare can help pay for up to 100 days in that facility . After that , private funds , Long Term Care Insurance benefits , or Medicaid must be used to pay for residential care .


Input: Will Medicare Pay For Alzheimer's Care?

Output: Medicare will cover some aspects of Alzheimer 's care . It depends on many situations . Diagnosis and doctor treatment should be a covered expense under Medicare . Prescription drugs designed to treat Alzheimer 's may be covered under your Medicare Part D . In patient care in a hospital or SNF may also be a covered expense as well as rehab and hospice . Your doctor is in a position to advise you on these items .


Input: Is It Cheaper To Have Joint Car Insurance?

Output: I am not aware of the term joint car policy . However , if you mean , Is it cheaper to have two cars on the same policy or with the same company ? the answer is generally , yes . Most car insurers offer a multi-car discount . If you are really asking if it is cheaper to have an auto policy with two insureds , technically , it doesnt make any difference . In California auto policies are issued to households and all the drivers in the household are considered .


Input: Is Term Life Insurance Worth It?

Output: Insurance companies work on the basis of risk over a period of time . Their calculation for rates meets the state commissioners requirement and indicates that the company can fulfill its obligation to pay the death benefit . Whether the term is short , long or forever , the policy represents a great deal if you die and your beneficiaries make a claim to the proceeds .


Input: Is Term Life Insurance Worth It?

Output: Term insurance is worth it ! It 's the most affordable form of life insurance available to consumers . Prices are cheap , and you are able to purchase large amounts of coverage for a very low premium . Most major insurers offer term plans and the underwriting process is very simple . As an experienced broker , we offer the lowest term insurance rates from the highest-rated companies . Independent brokers/agents are able to shop many types of plans with the most respected companies so you pay the lowest prices .


Input: Is Term Life Insurance Worth It?

Output: That is a great question ! If used for the right purposes , a term policy is definitely a great choice . I would not recommend a term policy in some cases , but it is an ideal solution for protecting against a short term debt , or if you need coverage for a specific amount of time . I would like to speak with you about the reason you asked , please contact me , so I can answer you better . Thanks for asking !


Input: What Drugs Does Medicare Part D Cover?

Output: Medicare Part D plans must cover at least as many drugs as Medicare Part B covers . However , from there , each provider has its own criteria . They spell out their allowable coverage guidelines in `` formularies '' . To know what is covered in any Medicare Part D plan , the patient can look in the formulary for his plan .


Input: Can I Get Life Insurance If I Have Rheumatoid Arthritis?

Output: Yes , you can normally get life insurance if you have rheumatoid arthritis . The availability , price and type of policy will depend on the severity of your disease and your age . If you are in a wheelchair or unable to do your own Activities of Daily Living -LRB- ADL 's -RRB- , you are only able to get guaranteed issue life insurance . This is mainly offered to older ages -LRB- age 40 or 50 + -RRB- . So younger persons who needs assistance with dressing or uses a wheelchair may be uninsurable for Life Insurance until they reach that age . They can get Accidental Death coverage . Most people with rheumatoid arthritis are able to be employed and lead an active life . For them , life insurance will be rated just a bit higher than for persons without rheumatoid arthritis . If pain medication is involved . underwriters will look at the type and amount . Excessive or narcotic pain medication use can cause a high rating or necessitate using a No Exam policy at somewhat higher rates . As with most health conditions , rheumatoid arthritis is far different from one person to another . Using a life insurance agency that carries multiple products and understand impaired risk underwriting will help you get the most affordable rheumatoid arthritis life insurance policy .


Input: If A Tree Falls On My Car Will Insurance Cover It?

Output: If you have comprehensive on your car it will pay for damage from falling objects -LRB- including trees -RRB- . Comprehensive is very broad and covers nearly any type of damage to the car that is not a collision . If you have liability only - then it will not pay for tree damage since liability is only for injury to others or damage to their property .


Input: How Much Is A Home Insurance A Month?

Output: Just as homes vary in location , cost and condition , so the homeowners policies also vary . The premium is determined generally by these basic factors , address , cost to reconstruct , age of the residence , and available fire protection . Aside from these factors , though , underwriters look at many other aspects of the residence and occupants to determine whether they will even insure the home .


Input: How Much Is A Home Insurance A Month?

Output: Great question ! Unfortunately , not so great an answer . I hesitate to even give you a range of prices to expect , because so many things can have a bearing on the cost . First and foremost , where the home is located , flood history , when the home was built , how well it has been maintained , and how easily it would be to save in the event there were a fire . Part of it will depend upon you - your credit history , claims history , amount of coverage desired - all will be factors in the price . I 'd suggest that you shop around in your area , and get several quotes . If there is an agent that you feel comfortable with , have them help you . I 'm sorry I could n't give you a more specific answer , but I appreciate you asking !


Input: How To Get Really Cheap Car Insurance?

Output: Really cheap auto insurance pays a claim completely . Anything else is really expensive auto insurance . For example if someone is injured in an accident for which you are at fault , the expense of care and treatment could be above the legal insurance limits in your state . That amount that exceeds your insurance coverage is your expense .


Input: Is Medigap The Same As Supplemental Insurance?

Output: Yes . When you hear the term Medicare Supplement insurance , it is the same as Medigap . If you hear the interchangeable terms -LRB- Medicare Supplement insurance or Medigap Plan -RRB- it is referring to private health insurance designed to supplement Original Medicare Part A and Part B . In other words , it helps pay some of the costs that Part A and Part B does n't cover -- copays , coinsurance , and deductibles . Thank you for reading my response . Please let me know if I can be of further assistance .


Input: Does Auto Insurance Need Your Social Security Number?

Output: Yes in most cases . When you take out Auto insurance the company checks driving record and what is called a CLUE report . They may also run an insurance credit score . Your Social Security number , Drivers License number , and date of birth of your and any drivers in your household is necessary to provide you with the best rate possible .


Input: Does Auto Insurance Need Your Social Security Number?

Output: The social security number is a necessary method of identifying you and your record . Most insurers use this number to zero in on your identity . Unfortunately , your social security number is used to identify you and your record to insurance carriers , and just about every other kind of business that is granting credit or coverage . Would n't it be nice to be able to protect this one vital bit of information and have another identifying number we could use ? But I digress ... But , as identifiers go , the social security number is probably the best current way for your creditors and insurance companies to make sure you are really you . Insurance is making a bigger and bigger use of credit base underwriting and pricing every year and most carriers use credit to one extent or another in insurance eligibility and pricing . Companies are also using vast data base records of claims and driving history that are often cataloged by your address , your name , your spouse , former addresses , and even the prior owners and subsequent owners of cars you have once owned and insured . With all the potential for confusion , your social security number is one unique bit of information that is n't easily duplicated in these claims and records databases . So , in that one way , your social security number helps keep you from being lumped together with others who may have a similar name , owned your car , or lived in the same house or apartment . Your social security number has been tied to credit reports and your borrowing for decades so insurance companies use this number to be as certain as possible they are looking at your record and not someone with a similar name . While the social security number has now been exploited for way to many reasons of identification , it is good that you still have one way to separate yourself from others with similarities that can cause confusion in underwriting and pricing your insurance and that is a good thing . Hope this helps .


Input: How Important Is It To Have Disability Insurance?

Output: The thing about any type of insurance is to almost everyone , agents included it is a nuisance to pay the premiums every month or year because it seems to be a waste of money . However , at claim time , everyone is always glad they paid for their insurance . The same is true with disability insurance . It is not a very cheap premium and can be seen as not necessary in a budget . However at claim time disability is the difference between living a recovery and losing it all to bankruptcy . Statistically speaking you are 8 times more likely to become disabled than to die . Not only is disability important in a financial plan but the only way to truly protect your number one asset , your ability to earn a living .


Input: How Important Is It To Have Disability Insurance?

Output: There are a lot of opinions on what type of insurance is important to get , but Disability Insurance is one of those types of coverage that it is hard to imagine being without . When one 's livelihood is dependent on receiving a paycheck , Disability Insurance is the assurance that one 's livelihood will not be completely disrupted due to an illness or injury that can happen to anyone , at any time .


Input: How Important Is It To Have Disability Insurance?

Output: How important is disability insurance ? How important is the ability to pay your bills if you get sick or hurt and ca n't work ? A person who has passive income to such a degree that work is optional really does n't need disability . While another person , especially one with little to no savings or reserves NEEDS something like a disability policy to cover that risk .


Input: How Important Is It To Have Disability Insurance?

Output: Everyone who is healthy enough and can afford to purchase disability insurance should do so . Disability insurance is paycheck protection . The most significant valued asset in every household is human value , the ability to earn money . Protecting your paycheck is one of the highest priorities in defensive planning . Depending upon your gender , age , smoking status , health history and current medical condition , you may pay between 3 and 5 % of your compensation with disability insurance .


Input: How Much Cheaper Is USAA Auto Insurance?

Output: USAA is a very good and large insurer that operates as an auto insurer and as such may be higher or lower than a competitor . A few years ago my daughter moved from USAA to another independent agency company and was able to buy a renters policy , and auto policy and an umbrella all for less than her USAA auto policy . All auto insurance is regulated by individual states , so you can expect that an usurer can reflect its appetite for auto insurance in that state in its pricing . No company can be the least expensive in every state for every set of conditions . That is not a realistic expectation . You should be aware too that insurers often build elaborate rating algorithms which can produce several million price points across their business in a particular state . So your carrier may believe that a 16 year old with Corvette is not insurable to that carrier while another insurer might say the exposure is fine since they are exacting what they consider an adequate rate for the exposure .


Input: How To Terminate A Qualified Retirement Plan?

Output: Your retirement plan is your money whether you 're using an employer sponsored or individual plan . But there may be considerable consequences to consider when terminating your plan , especially before age 59 1/2 as the IRS imposes a 10 % penalty and ordinary income taxes . In the year of termination , the proceeds from your plan could very well increase your income a couple of tax brackets for that year . If you can wait until after age 59 1/2 and amortize your termination over a longer period , you may be able to keep more of your money .


Input: Where To Purchase Homeowners Insurance?

Output: You can purchase your homeowners insurance in a few different ways . I would recommend finding a local agent that you are comfortable dealing with as they will your first and last point of contact in many instances with your insurance carrier . Your local agent is there to provide you the information that you need to make an informed decision about your coverage needs .


Input: What Is Best Disability Insurance?

Output: Either you are referring to the best disability insurance company or the best defensive planning techniques using disability insurance . There are several excellent disability companies in the disability market place . One of the best is The Standard . The best defensive planning techniques using disability insurance is to determine if you can expense the premium as a business deduction and apply for 80 % of your compensation . While it is true that any benefits received will be subject to ordinary income tax , a deduction today is worth the risk of taxable event in the future . Nondeductible disability protects up to 60 % of your compensation with tax free distribution of benefits . If youre in a high tax bracket , the spread in benefits -LRB- 80 % versus 60 % -RRB- and the savings in the annual deduction are incentives to expense the premium if you have a legitimate business . Keep in mind that you can also buy disability insurance to cover your qualified plan contributions as well .


Input: How High Should My Homeowners Insurance Deductible Be?

Output: Most of the insurance companies now use a claims surcharge program for claims except wind and hail . With this in mind it makes sense to carry a higher deducitble to not only save money but to avoid a claims surcharge for smaller claims . We mostly write a $ 1,000 deducitble as minimum but we are seeing many customers increasing their home insurance deducitble to $ 2,500 especially when they own the property free and clear .


Input: How High Should My Homeowners Insurance Deductible Be?

Output: That is a great question ! Finding the deductible that is right for you is a very common problem . You want to balance affordability of the policy with the ability to come up with the deductible amount if you need to . My advice is always to set your deductible at the largest amount that you could scrape together if you had to . It does n't make sense to set your deductible at an amount that you ca n't pay , if you had to . I hope that helps , thanks for asking !


Input: Will Homeowners Insurance Cover Frozen Pipes?

Output: Homeowners insurance claim coverage is dependent on cause loss and if the policy covers that cause of loss . Not all homeowners insurance are created equal . Some cover fire only , while other cover broader perils of coverage -LRB- like wind , hail , falling objects , weight of snow , etc -RRB- , while even other policies cover all perils except what is specifically excluded . It would be this latter type of policy that would cover frozen pipes . Check with your agent or read your policy under coverage and exclusions .


Input: Will I Receive A 1099 For Life Insurance Proceeds?

Output: Life insurance proceeds are income-tax free and are therefore the insurance company does not send you a 1099 for the monies . This is one of the big attractions for people to buy life insurance policies . When the monies are paid to the beneficiary of the policy , they can use the funds in the manner they see best .


Input: Will I Receive A 1099 For Life Insurance Proceeds?

Output: If you are receiving your life insurance proceeds on a payment plan , you will be paid interest on the amount of the death benefit that has not yet been paid to you . The interest -LRB- not the payments , just the interest -RRB- will be charged income tax and generate a 1099 . The life insurance proceeds themselves will not cause you to receive a 1099 .


Input: Will I Receive A 1099 For Life Insurance Proceeds?

Output: Under current rules , life insurance proceeds are not taxable . Therefore , life insurance companies do not issue 1099 's . There is no need to do so . They are not reportable income to the IRS . This is one substantial advantage of life insurance , over other places to put your money . Thank you . GARY LANE .


Input: How Is A Fixed Annuity Taxed?

Output: The gain on an annuity is taxed as ordinary income . If the annuity is held in a qualified retirement plan and premiums were previously deducted from income tax , the entire amount received is taxed as ordinary income . If the annuity is held in a Roth IRA , Roth403 -LRB- b -RRB- or Roth 401 -LRB- k -RRB- none of the distribution is taxed . Taxation varies according to where the annuity is held in the case of death as well .


Input: When Can You Collect Medicare?

Output: I assume you know that Medicare is only available to citizens that has reached 65 years of age or have End stage Renal Disease or have been declared to be disabledand have drawn social security benefits for two years . The provider of any covered `` medicare services '' can file a claim for those services and can expect Medicare to send them the check that covers the treatment you were provided . The check is not sent to you .


Input: What Does Life Insurance Net Cash Value Mean?

Output: Net cash value means the cash value of the lifeinsurancepolicy that the insurer would pay less any outstanding policy loans and less any surrender charges . Life insuranceillustrations use this definition when showing cash value on the numerical summarypage . It is the cash value that has the most meaning to people who want to know the asset value of their policy .


Input: What Does Life Insurance Net Cash Value Mean?

Output: There can be the cash value account , the surrender cash value account , which may be what the inquiry is addressing , i.e. the cash value after surrender charges . The gross cash values minus the policy expenses could also be the net cash values less any surrender charges . An additional consideration is the net after tax cash values .


Input: How Do I Cancel My Renters Insurance?

Output: You can easily cancel your renter 's insurance . Simply contact the broker that sold you the policy or the insurer directly , and request termination of the policy . You may have to formally make the request in writing , but the process is simple . Typically , a refund of any unused premium arrives within 7-10 days .


Input: Is Life Insurance Part Of The Estate After Death?

Output: Yes , the person who owned the policy and left life insurance will have the proceeds of the life insurance counted as part of the estate upon death . If the amount of the total estate is low enough -LRB- this year , under $ 5,250,000 -RRB- , estate taxes should not have to be paid . If you have a large estate , you can possibly transfer ownership of your policy to an Irrevocable Life Insurance Trust . Talk to a tax attorney and your life insurance agent to discuss whether this is a good idea for you .


Input: What Is Annuity Surrender Value?

Output: Non-qualified tax deferred annuities have policy expenses like most saving and investment products . But they do have an additional surrender charge or penalty for accessing accumulated cash values beyond the policy withdrawal amount and/or the surrender -LRB- terminate -RRB- of the policy . The surrender charges protect the insurance company against rate disintermediation , i.e. their investment portfolio positions and what they 're crediting to the policy .


Input: Does Health Insurance Cover HIV Medication?

Output: Health insurance plans will generally cover non-experimental treatment , including medications used to treat HIV and AIDS . Many of these medications are administered as infusion therapy , usually in an outpatient clinic or hospital . Infusion therapy medications are often classified as tier 4 or tier 5 and may require the patient to pay a percentage of the cost of the drug vs. a fixed dollar copay .


Input: Does A Variable Annuity Have A Death Benefit?

Output: Annuities of all types are insurance contracts written by insurance companies . The death benefit of an annuity is usually the accumulated value of the contract but it passes to beneficiaries in the same way that life insurance proceeds pass . Taxation of the proceeds is another matter and you should consult with an accountant concerning about that .


Input: What Can I Expect To Pay For Disability Insurance?

Output: Disability premium pricing depends on your medical information , behaviors and your compensation . Medical information is collected such as gender , age , smoking status , health history , current medical condition , etc. . Behaviors like dangerous recreational activities , hazardous vocations and motor vehicle violations . And how much of your compensation do you want to coverage within the limits of disability insurance ? The generally rule of thumb for a nonsmoking healthy person covering 60 % of their compensation can be 3 to 5 % of the compensation coverage .


Input: Where Do You Apply For Medicare Part D?

Output: Medicare Part D , where do I apply ? What is the doughnut hole and how does it work ? How much does Medicare Part D cost ? Can I sign up for Part D at any time ? Which plan is the best one for me ? All good questions . The answer to where do you apply is this . You can apply through Medicare.gov You can sign up direct through a carrier Or you can find a good local insurance agent that specializes in Medicare plans


Input: How Do Fixed Income Annuities Work?

Output: The net interest and mortality crediting rate are the two main components for fixed income annuities . The annuity income rider generally charges an expense load which is factored , with few exceptions , on the phantom income account and not the actual cash value account . This can make the income rider charge very pricey . There is a list of annuity income riders that include the charges and whether or not its tied to the phantom or actual account .


Input: How Do Fixed Income Annuities Work?

Output: A fixed income annuity is a contact with a life insurance company . In exchange for a sum of money the company promises to pay a monthly income to you for the balance of your life . The first major variation of this contract is a deferred fixed income annuity . The difference is that the sum of money is not applied immediately but deferred until a later date . There are many other variations of an annuity to include payments that are guaranteed for a specified period of time or payments that last through the lifetime of two people .


Input: How Do Fixed Income Annuities Work?

Output: Fixed income annuities provide a fixed , guaranteed income stream for a set period of years , or for the rest of your life , per your choice . They are generally purchased with a lump sum near or during retirement age and are annuitized -LRB- regular payments paid out to the annuitant -RRB- immediately upon purchase of the annuity .


Input: How Do I Apply For Part D Medicare?

Output: As an Insuance broker you will need to find a plan that is very cost effective . This is want I mean , if you are on any type of drugs . You should do a drug assessment to see what Part D Plan will keep your payment cost down . My advise is to contact an Health Agent or Insurance Health Broker to go over the assesment with you . This way you will have an expert with you to help you understand your options . Omeca Best , New Jersey Health insurance Broker 1866-491-1491


Input: How Do I Apply For Part D Medicare?

Output: You can get Medicare Part D prescription drug coverage when you have Medicare Part A and/or Part B . You can purchase the plan through a broker licensed to sell Part D plans or sign up directly through the Medicare.gov website . If you do not enroll in a Part D plan when you 're first eligible , you would have to wait until the annual enrollment period -LRB- Oct 15-Dec 7 of each year -RRB- to get a plan - the effective date for the coverage would be January 1 of the following year . Another way to get a Part D plan outside of the AEP is qualifying for a special enrollment period -LRB- e.g. coming off of group coverage -RRB- . For a full list of qualifying events and other Part D input , consult with an experienced broker -LRB- licensed for Part D coverage -RRB- or go to the Medicare.gov website . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Old Do I Have To Be To Go On Medicare?

Output: People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been entitled to social security disability benefits and those with end-stage renal disease , may also be eligible to receive Medicare benefits .


Input: Where To Get Cheap Home Insurance?

Output: The best place to buy insurance , in my opinion , is from a trusted agent . Talk to your colleagues , neighbors and friends to get referrals . There are two prices to consider . The premium paid and the claim paid . You really want coverage that will keep you happy when it is necessary to file a claim . There are several types of policies and not every peril is covered in each policy . It is good to know these items in order to select the cheapest policy for you .


Input: How Do You Choose Car Insurance Arkansas?

Output: The best way to chose an auto insurance carrier is to consult with a local independent agent . An Independent agent can shop many companies for you and will be able to help you find the right coverage 's at an affordable premium to best suit your needs . Insurance does not have to be confusing if you have an agent .


Input: How Old Should You Be When You Buy Long Term Care Insurance?

Output: Many retirement advisers begin to address long term care insurance in their planning recommendations when their clients turn age 50 . But many clients purchase long term care insurance in their early 60s . If your family has a predisposition for illness and/or a history of nursing home confinement , then you should seriously consider long term care insurance at an earlier age .


Input: Does Life Insurance Cover Scuba Diving?

Output: Does life insurance cover scuba diving ? Depending on your level of experience and dive depths several companies will offer you life insurance with no extra costs . Others may charge an extra cost per thousand based on their perception of your risk . Others may decline to cover , no matter what experience level . This is one of those situations where it is best to work with an independent who can offer several company choices to give you your best chances .


Input: Does Life Insurance Cover Scuba Diving?

Output: Life insurance would cover scuba diving if : 1 -RRB- You disclosed you are a scuba diver when you took out the life policy 2 -RRB- or when you took out the life policy you were not a diver but later in life took up diving . And I 'm not talking a week later . If you are a diver and do not disclose this information then this would be seen as misrepresentation and a claim can and most likely will be denied .


Input: Does Life Insurance Cover Scuba Diving?

Output: Life insurance usually covers scuba diving , but you must fill out the application correctly to ensure that it will pay , if needed . If the application asks whether you scuba dive , you must answer honestly , and scuba divers generally will need to fill out a questionnaire providing details about how deep they dive , whether they dive alone or in groups , where they dive , and how often they dive -LRB- among other things -RRB- . Then the underwriter will determine whether the policy can cover scuba diving at the regular rate , whether he/she needs to tack on a flat extra , or whether he/she will need to exclude scuba diving from the policy . Some companies rate scuba divers better than others , so it helps to use an agency that can shop among many companies to find your best life insurance rate as a scuba diver .


Input: Does Life Insurance Cover Scuba Diving?

Output: Life is dangerous . Some activities such as scuba diving have proven a little more hazardous than average . Actuaries pour over the record of deaths and they have evaluated the level of risk . Not all life insurance companies look at the risk of Scuba diving in the same way . If you already have an existing policy that coverage can not be taken away .


Input: Does Homeowners Insurance Cover Forest Fires?

Output: One of the coverages provided in a Homeowners ' policy today is for damage caused by fire , yes . It is always a good idea to check directly with your Insurance Professional to make sure that you are fully aware of any coverage endorsements or limitations on any of the covered perils included in your policy .


Input: Is Long Term Disability Insurance The Same As Long Term Care Insurance?

Output: Although both insurance products are morbidity in nature , long term disability insurance is not the same as long term care insurance . Disability insurance is based on protecting your paycheck . Long term care insurance is based on the cost of caring for you in a verity of housing approaches from home care to nursing home care .


Input: How To Calculate Replacement Cost For Homeowners Insurance?

Output: In order to calculate replacement costs you have one of two options . These will be listed in order of best options . 1 -RRB- Have your home appraised by a licensed professional . He/she will provide you the actual cost to rebuild your home from scratch . This is the best way to start if you have no clue what it would cost to rebuild your home . 2 -RRB- Insurance companies provide agents a Replacement Cost Calculator -LRB- RPC -RRB- . This is an easy tool for the agent , where he/she inputs all the necessary details about the house and location . The RPC then provides an estimated replacement cost . This is not as accurate as an appraiser , but it is free . I hope this helps .


Input: How To Calculate Replacement Cost For Homeowners Insurance?

Output: Unlike many people think , most appraisals include market value and not replacement cost . For instance , a property in Detroit may cost $ 1 on the market , but the replacement cost of the house will be something like $ 200 per square foot . Every insurance agent who offers HO policy should have access to a special professional tool . Using this tool you can submit your property info , such as quality grade -LRB- economy , standard , premium , designer , custom -RRB- . Economy grade cabinets are , for instance , counted as $ 75 per cabinet , and custom may cost you as much as $ 500 per cabinet , or even more . So using this tool you can estimate the replacement cost of your property .


Input: Does A Retired Person Need Life Insurance?

Output: Yes . There is always a need whether you may realize it or not . The need for coverage can be anything from estate planning to transfer your estate to your children at the lowest possible cost , having just your burial and final expenses covered so your family members are not burdened with the expense , to paying off debts such as mortgages , cars , credit card debt , medical bills , etc. so your surviving spouse does n't have to be responsible for paying it off , to replacing lost retirement income for the living spouse -LRB- e.g. social security income , pensions , etc. -RRB- , to leaving a legacy to your family -LRB- e.g. as a gift to your kids -RRB- , and others . There 's many reasons to keep your coverage going . We often find people regret having not purchased coverage sooner or they let their old policies lapse because they needed it when they got to their 70 's and 80 's . If you 're unsure about what to do with your own specific situation , you can always consult with an experienced broker who can help you determine what is suitable for your needs . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Does A Retired Person Need Life Insurance?

Output: That is a great question ! You might wish to have life insurance if there is a chance that your loved ones will not be able to live comfortably without the income that you provide . You might also wish to have it if covering your funeral expenses might prove to be a problem . If you can afford to cover your expenses and your loved ones wo n't suffer from your missed income , then you might not need any . I hope that helps , thanks for asking !


Input: Does A Retired Person Need Life Insurance?

Output: Absolutely , if the individual owns a large estate that is subject to estate taxes ; desires to leave a financial legacy to heirs , etc. . In fact , permanent life insurance should be paid up by retirement and is an asset with multifaceted uses . It can be used to cover critical illness expenses , retirement income and so much more while an individual is still alive . These options make life insurance a smart buy at all life stages !


Input: What Computer Software Or Online Tools Can Insurance Agents Not Go A Day Without?

Output: Without question , quote engines . They provide instant online quotes to consumers and of course , to brokers themselves . There is much more information in the quote engine software including online applications , product information , licensing information , and additional email capability . Certainly , a phone and laptop must be included along with some pretzels . I just ca n't work without pretzels .


Input: What Computer Software Or Online Tools Can Insurance Agents Not Go A Day Without?

Output: I would say that a CRM -LRB- Customer Relationship Management -RRB- tool is a must . You can keep everything in one spot and even send emails from some CRM 's . It saves also saves on paper . As Edward stated , a quote engine with underwriting information and product information is also necessary if you are selling products from more than one carrier . I have n't tried the pretzels yet but think I 'll start .


Input: Why Is There A Waiting Period For Disability Insurance?

Output: The waiting period or elimination period acts as a deductible for disability insurance . The longer the elimination period the lower the premium . By having an elimination period it keeps a person from using the insurance for minor things , like missing a few days work because of the cold . It is designed to keep costs low and prevent abuse .


Input: How Do I Get Life Insurance?

Output: One popular way to get life insurance is to look for a quote on the internet , then communicate with the financial representatives at that website to purchase it . If applying for a medically underwritten policy , you will submit an application , then take a free exam in your home or other location of your choice . Sometimes the company will also order your medical records . If you apply for No Exam life insurance , there is no need to take an exam . Once your application and other requirements have been reviewed , the underwriter will decide whether to approve your policy , and determines what rate you will pay . With our agency , we give you a chance to change the face amount or term length , so that the policy stays within your budget . Some agencies simply send you the policy at the rate it was approved , and you take it or leave it . Procedures can vary depending on the type of policy and application you use , and the protocol used by each agency .


Input: Is Medicare For The Poor?

Output: Medicare started as health insurance for seniors who had paid into it over the years through their Social Security taxes . A few other groups have been added , including those who have been disabled 2 + years , those with end stage renal disease , and ALS . But the purpose of Medicare has never been for the poor ; that is Medicaid . Medicare was started with the purpose of helping the elderly with their health care needs .


Input: What Is An Auto Insurance Declaration Page?

Output: An suto insurance declaration page is one oart of what is considered the complete insurance contract . The declaration page specifically states the name of the insuring company , policy number and the effective and expiration date of the policy . It also lists the named insured -LRB- s -RRB- , identifies the vehicle or vehicles that are insured by the policy and the specific coverage provided to each car . Finally , it includes the term premium that is charged for the coverage provided . The complete insurance contract also includes the `` Policy Jacket '' and any amendments . Be sure to read through the complete contract and discuss it with your insurance professional to be sure you understand all the terms and conditions .


Input: What Is An Auto Insurance Declaration Page?

Output: An auto insurance declaration page is the page of the policy that provides the amounts and types of coverage offered by the policy . It will normally have information like Bodily Injury $ 100,000 per individual / $ 300,000 per accident . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: How Does Adjustable Life Insurance Work?

Output: I believe what you 're referring to is flexible premium adjustable life insurance -LRB- commonly referred to as Universal life insurance -RRB- - this is a type of permanent life insurance . Under these types of programs , the policyowner has the ability to change the amount they 're paying each month , manipulate the length of coverage under the policy , alter the policy face amount , all the while being able to build cash value . One of the most popular universal life policies is Guaranteed Universal Life -LRB- GUL -RRB- . In a GUL policy , you 're not placing the emphasis of the coverage on the cash value the policy builds , but rather the death benefit by maximizing the value of your premium -LRB- paying the lowest possible cost for a given amount of coverage -RRB- . A good way of thinking of it is like taking the term guarantee period and bringing it out for life - so it 's got the essence of both term and whole life coverage in it . Under a GUL program , the policy can be structured to keep premiums level and provide coverage up to a specified age -LRB- e.g. to age 90 , to age 100 , or even up to age 121 -RRB- under the `` dial down '' process . I always recommend consulting with an experienced broker to help you determine what policy benefit structure will best serve your needs . We can shop the case if you 've got a complex medical history -LRB- identifying the risk class you qualify for a very important step when buying life insurance because it determines what you pay for the coverage -RRB- , review quotes , and help you through the application and underwriting processes . Please let me know if you have any other questions . Thanks very much .


Input: Can I Get Life Insurance On My Ex?

Output: There are certain reasons to be able to purchase life insurance on an ex-spouse . Regardless , there has to be an insurable interest , in other words , what financial need must be meet if he or she were to die ? There are many cases that a judge orders life insurance in a divorce case to cover alimony or child support in case of a premature death . Regardless of the reason in all cases , the ex-spouse must give permission and have knowledge to be underwritten by the life insurance company .


Input: Can I Get Life Insurance On My Ex?

Output: Yes you can -LRB- assuming it 's a former spouse -RRB- . It 's typically seen as part of a divorce agreement for alimony purposes and/or protection of the children of the former spouses . In this type of scenario , the amount and length of coverage required to be placed in force will be determined in the divorce agreement . The ex-spouse must agree to have a life insurance policy taken out on them and there must be an insurable interest , a carrier wo n't approve a policy without these two components . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can I Get Life Insurance On My Ex?

Output: If you have insurable interest and your ex gives permission then you can get insurance on your ex . In fact in is prudent to include life insurance coverage requirements divorce settlements . This way financial obligations such as child support can be protected . 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 I Get Life Insurance On My Ex?

Output: Yes , indeed , you can . And there are a variety of ways to do it . Divorce decrees have a lot of teeth to them . If life insurance is mandated in that agreement , then your ex will have to cooperate . You can be the owner and beneficiary , but he or she will have to sign the application and go through underwriting . These decrees typically are issued during the process of divorcing . But what if the deal is done and now , after the fact , you want to get coverage on that person ? A lot of it hinges on what financial dependence you have . If your ex still supports you , then you have a huge interest in a policy . An insurance company would certainly consider that a legitimate reason for you to apply for one . Of course , your ex would have to agree to it . If not , then you might have to go back to step one and get lawyers involved . But what if your ex does not agree to it , and the lawyers cant do anything about it ? There are certain carriers who will issue coverage under these very extraordinary conditions . If you can prove that you have a financial interest in that person , and that they are absolutely not cooperating in honoring that obligation , then a carrier might just issue a policy without your ex knowing it . These carriers are excess - market carriers and take only special cases . And they charge for it . But typically the price is well worth it , if you need that coverage .


Input: Can I Stay On My Parents Health Insurance Until 26?

Output: Yes , you can stay on your parents ' health insurance plan until age 26 . After this point , you will have to secure coverage under a separate plan . You can secure coverage through an individual plan purchased on or off the health insurance exchanges . You may also have the option of group insurance through your employer if they offer it . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Is Decreasing Term Life Insurance?

Output: Decreasing Term Life Insurance is term life insurance in which the face amount decreases as time goes on . Mortgage life insurance operates on that principle , since the life insurance face amount goes down as the remaining mortgage goes down . Most Term Life Insurance sold now is `` level '' Term Insurance where the death benefit stays the same for the duration of the term .


Input: Why Do We Need Critical Illness Insurance?

Output: Critical illness insurance will protect you and family from the financial burdens that would come along with it . Many people survive critical illnesses like heart attacks , cancers , strokes etc. only to end up filing bankruptcy from being stuck with steep medical bills . With the right plan and benefits you can minimize or eliminate your out of pockets expenses in the event of a critical illness and have something left over to help pay your personal bills while you are recovering .


Input: Can Substitute Teachers Get Health Insurance?

Output: Yes . Anyone can get health insurance now - your type of occupation does not have an impact on the health insurance you can get . Under the affordable care act , an insurer can no longer deny you for coverage due to a pre-existing condition or other health-related issue . What 's important to remember is that not every plan is available in every area . Where you are , your age , and any usage of tobacco affect which plans will be available to you and what your premium rates would be for the plan you select . You may also want to see if you can qualify for a subsidy through a plan on the health insurance exchanges to lower your monthly premium payment . I hope the information is helpful - please feel free to contact me with any other questions . Thanks very much .


Input: Can Substitute Teachers Get Health Insurance?

Output: Substitute teachers can purchase health insurance . However , depending on when you apply for coverage , some plans may not be available . For example , if you apply for coverage during Open Enrollment , many different options are offered with subsidy eligibility . Your employer may also have options to consider . If you do not qualify for an SEP -LRB- Special Enrollment Period -RRB- , less plans will be available outside of Open Enrollment . LIVE answer provided by : Ed Harris - Premier health insurance broker since 1980 and owner of several top-rated websites that offer the lowest available rates to teachers and other professionals .


Input: Insurance Deductibles. Start over Jan 1

Output: Typically , medical expenses incurred from a specific claim that roll to the next year can be counted on the same claim and applied from last year 's deductible . Often this includes treatment that was done in the same year . If additional treatment is needed the following year , it is possible a new deductible will apply . Contact a local experienced broker and seek their help in this matter . You 'll be glad you did .


Input: When Does Car Insurance Get Cheaper?

Output: That is a very good question , there are many elements today that go into the cost of insurance . When you look at when does car insurance become less expensive there are a few factors that may help . If you have had any accidents and/or tickets your premium could decrease once they have fallen off after years -LRB- carrier 's vary as time -RRB- , when your premier score has increased -LRB- similar to a credit score -RRB- as well as changes in life such as getting married or graduating college can decrease your auto premium .


Input: When Does Car Insurance Get Cheaper?

Output: Talk to your Insurance Professional about your policy and all available discounts . Maintain a good driving record for at least three years as a respected credit score . Insure both your car and home with the same company to start the multi policy discounts . If you add a life policy the discounts may deepen . Association memberships may also trigger affinity discounts as well .


Input: Why Would Cash Surrender Value Of Life Insurance Decrease?

Output: The cash surrender value of a life insurance policy can decrease if the cash value is being used to pay your policy premiums . When you purchased your policy , you may have elected to have the cash value supplement your premium if the premium was not sufficient to keep the policy in force .


Input: How Much Is Cobra Health Insurance In Pennsylvania?

Output: COBRA coverage can be kept for up to 18 months and is only available to individuals and families covered under a plan with more than 20 employees enrolled . Your premiums under COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . COBRA election applies to each person individually that is covered under a given health plan . Since health insurance is guaranteed issue under the affordable care act , you do not want to wait until your COBRA coverage expires to look for a new policy . Doing so can cost you a lot more money unnecessarily . Consult with an experienced health insurance broker to compare your options and see which plan option will best serve your needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Much Is Cobra Health Insurance In Pennsylvania?

Output: COBRA insurance premiums are based upon your previous employers health plan premiums . because of this , it is impossible to say how much it costs . I can tell you however , the premium is usually 3 to 4 times the amount you paid with your group plan . You may be better off applying for a new individual plan -LRB- yourself or family -RRB- directly from a provider . It most likely will be more expensive than your old group rate but much cheaper than COBRA . Try shopping at www.ehealthinsurance.com It 's a really nice site with major health providers in which you can develop a plan that suites your needs .


Input: Which Life Insurance Company Has The Best Rates?

Output: The premium paid by any individual for life insurance is based on the `` rating '' that the insurance company gives that individual . That rating is based on a number of factors including medical history , current medical condition , age , gender , height/weight and even your driving record . Insurance companies view risks differently . For example , one insurance company may view certain medical conditions as `` not that big of a problem '' and rate an individual higher than another insurance company that is more concerned about that same medical issue . Your rating can have a dramatic effect on your monthly premium . The best way to find out which insurance company would likely rate you the highest and thus have lower premiums for your situation is to contact an independent life insurance agent who can look help determine which companies would be best suited for your individual situation .


Input: Which Life Insurance Company Has The Best Rates?

Output: No one life insurance company has the best rates for everyone . One company may have the best rates for term insurance for young females in excellent health . Another may have the best rates for whole life for senior males . That is why having an insurance agent do the shopping for you can save you hundreds or thousands of dollars . They are able to put you with the company that has the best rates for YOU .


Input: How Do You Pay A Health Insurance Deductible?

Output: It depends on the attitude of the health care provider . Some health care providers has a `` billing clerk '' that will greet you and say `` your deductible amount is $ 250 and that must be paid now '' . Other providers allow you to come for the treatment and then bill you for the deductible after the insurance company has paid . Do not hesitate to discuss this question with the provider and if they refuse to treat you with dignity and respect then find another provider .


Input: Can Illegal Immigrants Have Health Insurance?

Output: According to the law , health care assistance is for U.S.citizens who can not pay for there medical needs.When Obamacare is implemented everyone who is a U.S. citizen is mandated by the government to participant in the health care program . There is no provision in the health care law of non U.S. citizens .


Input: What Is A Hybrid Term Life Insurance Policy?

Output: Hybrid Life Insurance refers to a type of policy that is a blend of two types of coverage . E.g. . A blend of Term and Whole Life , or Term and Universal Life , or Universal Life and Long Term Care . Hybrid Term Life is also the name of a policy offered by Fidelity Life . It starts out as a blend of Life and Accidental Death coverage , then changes to all Life insurance after the Insured person takes an exam within 6 months . The advantage of starting out with the hybrid policy -LRB- which goes into effect almost immediately -RRB- , vs binding coverage with other policies , is that the Insured gets to keep the policy regardless of whether or not they are approved for the pure Life policy later . In fact , the Insured could have a heart attack or be diagnosed with cancer and still get to keep that blend of Life and Accidental Death that is not graded . Another advantage can be for those who need something quick . E.g. . They are going on a trip , or need a policy to satisfy a divorce decree , or get a loan , or to wait until their blood pressure medication kicks in . If they do go on to get the pure Life policy , the rates are quite competitive with other medically underwritten policies . The only downside I see with Fidelity 's Hybrid Term Life Insurance is that it is hard to explain and understand .


Input: What Is A Hybrid Term Life Insurance Policy?

Output: Each company defines this differently however when I hear of a Hybrid Term Life Insurance Policy this means to me that there is a Living Benefits type addition to the policy such as Critical Illness or Long-term Care . Critical Illness means if you have a heart attack , stroke or cancer you may have access to your death benefit . Note that the definitions or type of illness covered will vary between companies so be sure to look at the details . Long-term Care usually means Chronic Illness . If you are diagnosed by a qualified doctor , and you can not perform 2 of the 6 activities of daily living such as transferring , eating , toileting , dressing , etc. then you may have access to the death benefit . The Key is access BEFORE you die . I hope that helps . Be sure to get an illustration and details to the policy before just filling out an application .