Input: Is Northwestern Mutual Whole Life Insurance A Good Investment?

Output: Is Northwestern Mutual whole Life a good investment ? Well it depends on your needs . Your needs are what make any choice a good or bad investment . First Northwestern Mutual is a very highly rated fiscally strong company , as many others are . Using Whole life as an investment does work as part of an overall investment strategy as it provides a safe place to accumulate money as well as protecting your other plans . What you will find is whole life insurance is the most boring investment product out there . It 's not exciting , it 's not racy , it 's not an up and down product . It is a slow safe and secure place to put money out there . It 's boring because it does what it says it will do . I have owned whole life for almost 30 years and it has never let me down . Ca n't say the same about my real estate or stock market investments during that same window of time . Oh , last thing to keep it short . Whole life cash values do n't go backwards . You ca n't lose it once it 's there .


Input: Is Northwestern Mutual Whole Life Insurance A Good Investment?

Output: That is an excellent question ! First though , I want to make sure that you are clear on life insurance as `` investments '' , since they technically are n't . An investment is something that makes you money -LRB- hopefully -RRB- over time . Life insurance wo n't make you money - it will pay a specified amount , and you wo n't be the one who receives it . An investment allows you to use the earnings during your lifetime , and that wo n't be an option with life insurance . Can a policy pay out more than you pay into it ? You bet , but again , it will be your loved ones that receive that benefit , not you . That said , Northwestern Mutual is a great company , and has been in business for years . I personally like and use them , and have no problem endorsing them . Thanks for asking !


Input: How Much Does The Average Car Insurance Cost?

Output: Sorry , no way to answer this . It depends on age , driving record , area you live in , type of car you drive . Call a good independent agent to help you shop for the best rates . A good agent is invaluable if you need good advice on how to handle a claim or need help understanding your policy .


Input: Where To Buy Disability Insurance Online?

Output: Our company offers the purchase of Disability Insurance online , as do a number of the contributors to this website . Most companies that sell Life Insurance or Health Insurance online can also sell Disability Insurance , although not every online agency understands the product well enough to help clients make wise decisions . Some online agencies , like ours , use the services of a Disability Insurance broker so that we can be sure we are offering our clients the most selection and the best prices .


Input: When Does Health Insurance Become Mandatory?

Output: You will have to buy a health insurance plan by January 1st 2014 or pay taxes that are a part of the Affordable Care Act -LRB- aka : ObamaCare -RRB- . In order for guaranteed issue Heath insurance to work , the must require everyone to buy it or else everyone who is healthy would just wait until they were sick to buy it .


Input: How Much Is Life Insurance In Ohio?

Output: Life insurance rates in Ohio are very affordable . Since most major carriers publish `` national '' rates and not `` statewide '' rates , you may not see a big variance -LRB- if any -RRB- of prices from one state to another . Life insurance prices -LRB- especially term -RRB- do vary greatly though , from one carrier to another . As an Ohio broker -LRB- for 32 years -RRB- , specializing in life/health insurance , our job is to shop hundreds of companies for you , find the plans that best meet your specific needs at the lowest possible cost , and simplify the underwriting process . And that 's exactly what a good experienced broker with a reputable website does !


Input: How Much Is Life Insurance In Ohio?

Output: The cost of life insurance in Ohio varies according to the age , health , and tobacco status of the applicant , as well as the type of policy being purchased . Generally , the older the age of the applicant , the higher the premium ; and the longer the premium is locked in , the higher the price . To find the most affordable life insurance rate for you , go to a website that carries life insurance in Ohio and use the quote engine provided to compare quotes for different types of policies .


Input: When Does Life Insurance Expire?

Output: When you stop making your payments , you die , or you are at the end of the term for your term life insurance policy . Most whole life policies are good till the day you die as long as the premium requirements are satisfied . Term life insurance policies are typically the only policies that have an end date . If you are concerned about your policy having an expiration date contact your local agent and discuss it with them if there is an expiration date they can advise you of the products that they have to offer that may not have an expiration date .


Input: When Does Life Insurance Expire?

Output: There are several scenarios where life insurance could expire . In term life insurance , when the policy period has concluded without conversion to a permanent policy the policy is expired . A lapsed policy can result in an expired policy due to inadequate cash values and/or unpaid premium past the reinstatement period .


Input: How To Rollover A Retirement Plan?

Output: How to rollover a retirement plan ? Probably the best way to accomplish this is via a `` trustee to trustee '' transfer . A trustee in this case would be a financial institution like a bank , insurance company or mutual fund company and others . The advantage to this type of transfer is it creates no potential taxable event as the account holder never touches the funds .


Input: How To Borrow From Life Insurance Plan?

Output: Permanent cash value polices have four mortality product platforms : participating whole life insurance and current assumption universal life insurance . Current assumption has three crediting methodologies : interest rates , equity / bond subaccounts , domestic and foreign indices . Participating whole life has two basic loan provisions : spread loans and direct recognition loans . Current assumption universal life has four loan provisions : zero net cost , wash , spread and participating loans . The cost to borrow your money from your policy will vary depending upon which policy loan provision your life insurance policy uses . It becomes even more critical when youre using life insurance as a supplemental retirement income vehicle . The loan cost can be as low as zero up to 350 basis points , so it matters .


Input: How To Borrow From Life Insurance Plan?

Output: One of the many benefits of life insurance is the easy process to borrow money from your policy . Call the insurance company and ask them to send the money to you . They will send a check or wire the money . There are no credit applications or credit checks and your employment status does not matter . Of course you must have enough cash in your policy to borrow from and still keep the policy in-force , but it is an easy process .


Input: What Does Medicare Cover Under Hospice?

Output: The things that Medicare covers under hospice are : Services from your physician Nursing care medical equipment -LRB- walkers , etc -RRB- Medical supplies -LRB- bandages , catheters , etc -RRB- Hospice worker Counseling for diet Grief counseling for patient and family Physical Therapy Occupational Therapy Homemaker services Social Worker services Short term hospital stay if need for pain or symptoms Short term hospital stay to provide rest for caregiver -LRB- respite -RRB-


Input: How To Switch Auto Insurance Policies?

Output: Switching auto policies is generally a painless operation . Make sure that the new company is going to issue a policy that is exactly what you want . If that is true , then notify your current company and ask that the existing policy be cancelled at the same time and date as the new one starts . Send along a copy of the declaration sheet of the new policy to satisfy the oldcompany that you are leaving . Most cancellations are handled on a pro-rata basis . That means that you will be charged for the number of days that the policy was in force . There could be a charge for early cancellation .


Input: How To Sign Up For Medicare Part A?

Output: You can sign up for Medicare Part A by going to the social security website , ssa.gov , and go to Medicare under the benefits tab . From there , there will be instructions provided to guide you through the sign-up process on the website . You can also go down to your local social security administration office as well .


Input: Can Life Insurance Deny A Claim?

Output: All life insurance companies are regulated by state insurance commissions regarding payment of claims , and rating agencies will rate them poorly if they are slow or negligent in paying claims . Only suicide is universally not covered during the first two years of the policy , although companies sometimes exclude other things -LRB- such as death occurring while committing a felony -RRB- . Death during the first two years of the policy is during the `` contestibility '' period . If the Insured dies within two years after taking out the policy , insurance companies may their review medical records and life insurance application to be sure that they were forthcoming when applying for their policy . If they lied or purposefully omitted something that was required by the life insurance agency , the claim could be denied . If they were truthful , or if the insurance company did not ask about that particular detail , their claim will be paid .


Input: Can Life Insurance Deny A Claim?

Output: If an insured commits suicide within the first two years of coverage , the claim would be denied under virtually any company . Also , if someone commits a material fraud in their application and that is detected within the first two years , the policy would be cancelled with the money refunded . Otherwise there would be no valid ground for refusing a claim on life insurance . However , some lesser companies do all they can do to deny a claim or to delay payment . On the other hand , New York Life is a prompt payer on claims and is proud of that fact .


Input: Who Is Liberty National Life Insurance Company?

Output: Liberty National Life Insurance Company started doing business in 1900 . It is based out of McKinney , TX . Liberty National is a wholly owned subsidiary of Torchmark Corporation and is rated A + by AM Best as of June , 2013 . It also has high ratings from Fitch , Moody 's and Standard & Poor 's . Liberty sells life insurance and Supplemental Health and Accident Insurance .


Input: What Age Do You Buy Long Term Care Insurance?

Output: Purchasing long term care insurance at a young age and when youre healthy may be a consideration , if your family has a predisposition to chronic illness or a history of nursing home confinement . Many financial advisers begin addressing long term care insurance with their clients around age 50 , but many Americans purchasing behaviors begin in their early 60s .


Input: Can I Have Multiple Retirement Plans?

Output: Yes you can have multiple retirement plans . In Canada for example your could have a pension plan and a group registered retirement savings plan -LRB- RRSP -RRB- through your employer . In addition you could have an individual RRSP and also spousal RRSP . A Tax Free Savings Account -LRB- TFSA -RRB- could also be used for retirement planning since the accumulation grows tax free and withdrawals due not attract taxation . More information on retirement planning is available on my website www.jpw.ca If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Does Homeowners Insurance Cover Aquariums?

Output: An aquarium is personal property and would be covered for the perils of the policy . Most common that come to mind are fire , theft , vandalism . What would not be covered are your fish if they were lost or just basic break down of the aquarium and/or equipment . However if the aquarium burst and damaged the dwelling while the aquarium itself would not be covered most likely the damage the water caused would .


Input: Why Is Life Insurance Taxed?

Output: Life insurance is not charged income tax , as a rule . If the policy is left to the estate , it is subject to the taxes and fees that apply to the rest of the estate . But if it is left to a person , that person does not have to pay income tax on the proceeds -LRB- except if the policy is a MEC , on interest earned , or some other situations -RRB- .


Input: Why Is Life Insurance Taxed?

Output: Generally speaking , Life Insurance proceeds are not subject to taxes nor are they attachable by creditors so long as the proceeds are paid to a named beneficiary . Proceeds may be subject to taxes and attachment if they end up being paid to the estate of the deceased for whatever reason . Thas it why it is very important to review these policies regularly to make sure that the intended terms and conditions are up to date . So the proceeds , if paid to a proper beneficiary , would not be taxable . However , if the beneficiary invests the proceeds , then any growth or accumulation that results would be subject to taxation .


Input: What Is Optimal Health Insurance?

Output: If you 're asking about a specific company 's health insurance plan -LRB- s -RRB- name , I believe you 're referring to Optimum healthcare or Optima health . In terms of what 's the optimal coverage for a person , will depend on a number of things - there 's no one size fits all plan for health insurance . We each have our own needs and budgets for health insurance so it 's going what 's right for one person may not be the best -LRB- or optimal -RRB- plan for someone else . If you 're an individual buying on or off the exchange -LRB- and not securing group coverage through an employer -RRB- , you need to consider the level plan you want . There are four metal plans : bronze , silver , gold , and platinum . Bronze plans generally cover about 60 % of your healthcare expenses , Silver is 70 % , Gold is 80 % , and Platinum is 90 % . So , in short , the better the benefits that you want to have , the higher the premium will be.There 's also a catastrophic plan , but these are only available to individuals under age 30 . How much your health insurance costs is going to depend on several factors : your age , where you live -LRB- zip code -RRB- , what level plan you want , and which carrier your policy will be with . There are many factors that go into the pricing of a product for a specific area . Everyone 's tolerance for cost is different as well . I recommend contacting an independent broker to help get yourself set up with a health insurance plan .


Input: How Much Is Average Renters Insurance For An Apartment?

Output: The average renter 's insurance rate for an apartment is about $ 85 - $ 175 per year . Of course , your price depends on how much coverage you have , what state you live in , and other geographical information that is needed . An experienced broker can shop for the best rates and show you the lowest cost plans .


Input: Does Mortgage Company Pay Homeowners Insurance?

Output: It may if you have it set up to do so or if they require it . Many Mortgage Companies and Banks now require that Homeowners Insurance be paid through an escrow account set up with them in your name . In addition to annual insurance premiums , your monthly installment will include payment for your loan principle , interest and possibly property taxes as well .


Input: What Does A Pool Do To Homeowners Insurance?

Output: Nothing , generally . However , having a pool , while providing a great deal of recreation and enjoyment for your family , does bring with it added responsibility , and therefore there are some things to consider . Take a look at the liability portion of your Homeowners policy . if something terrible happened as a result of you having the pool , and you were then sued , is your coverage enough to protect you and your family from financial loss ? If not , it is time to talk to your insurance professional about increasing your coverage and picking up a Personal Umbrella Liability policy for added security and peace of mind .


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

Output: This sometimes happens inadvertently . That will not allow the car owner to file a claim with both companies . That would be considered fraud in most states . If it has happened accidentally then you should decide which policy you want and have the other policy cancelled on the same date as the policy you want to keep started .


Input: If I Have Car Insurance Can I Drive Any Car?

Output: You could technically drive any car at any point in time . Just because you have auto insurance , that does not mean that you are covered when you drive any vehicle . Your liability insurance will follow you if you happen to drive another vehicle on a very occasional basis . Comprehensive and Collision coverages are tied to your vehicle only and will not provide coverage for any other vehicle that you drive . Your auto insurance rates are based on the vehicle that you own .


Input: If I Have Car Insurance Can I Drive Any Car?

Output: You 'll need to talk with your Insurance Professional about the terms and conditions of your car insurance policy . Most standard auto insurance policies cover the vehicles you own and that are named on your policy , and extend coverage over to any other car you may be driving while it temporarily replaces yours . Other policies limit coverage to only the car or cars that you own and are listed on your policy .


Input: Can You Add A Car To Your Insurance Online?

Output: That is totally dependent on whether your insurance company will allow you to add cars to your policy online or not . I would recommend calling your insurance agent to add the vehicle , as you may qualify for discounts on your auto insurance for having multiple cars on the policy .


Input: Can You Add A Car To Your Insurance Online?

Output: An application for auto insurance must have the signature of a licensed agent in the state of California . If you contact the company directly they will normally direct you to your agent . That is really the best place to start as the agent has most of the necessary information in his files .


Input: Who Should Invest In Annuities?

Output: Annuities are good safe money investments . You can get a fair gain on your money without the risks of the market . Annuities are tax defered or can be set up as IRA qualified plans and become deductible from taxes within government guidelines . They are protected from creditors , avoid probate , can be set up to pay for long term care , and can guarantee a lifetime income . Everyone should have at least some money in a good annuity to help provide a good safe cushion for retirement . Like building a house , you need a good foundation . Then you can start building your riskier investment portfolio if you choose .


Input: Does Disability Insurance Cover Maternity Leave?

Output: Short Term Disability Insurance offered through a group policy does usually cover maternity leave . Private short term disability insurance policies , unfortunately , do not usually cover maternity leave . Both types do usually cover complications due to pregnancy , childbirth , or recovery from childbirth , although those benefits may be provided through long term disability coverage .


Input: Where Can I Get 1 Months Car Insurance?

Output: That 's an interesting question ! I am not aware of any company that would write you a one month policy . The minimum period is typically 6 months , and the majority of policies are annual . I guess the better question would be why only one month ? You will need a really good answer , because every agent is going to ask you . Thanks for asking !


Input: Where Can I Get 1 Months Car Insurance?

Output: Why would you do this ? Why would you ever only get one month of insurance ? There are some reasons that make sense but if you are only doing this in order to get your license renewed or your car registered then please remember you need to carry insurance all of the time , not just when you need it to register your car or to have it inspected .


Input: Where Can I Get 1 Months Car Insurance?

Output: When you apply for car insurance , typically , you will be asked to put down approximately 10 % -33 % of the term premium . Of course , this varies from one company to another . At the end of one month , you can request to cancel your policy and a short-rated -LRB- or pro-rated -RRB- refund will likely be granted .


Input: Is Life Insurance A Pretax Deduction?

Output: Be very careful here . This is a big deal . There are certain types of life insurance that can be paid for with pre-tax dollars . If you 're company offers you benefits and you can purchase life insurance through your benefit plans , there is a certain amount you can purchase pre-tax with no ramifications . To find out exactly what the types and limits are , you need to consult the HR department or your accountant . The place you have to be careful is deducting premiums for life insurance that does n't fall in these categories . The IRS , for the most part , wo n't let you pay the premiums without tax AND let your beneficiaries collect the benefit without tax . It wants the tax from one of those . So , if you deduct the premiums , there is the possibility that the death benefit to your beneficiaries will be a taxable event .


Input: What Do College Students Need To Know About Life Insurance?

Output: The most important thing for a college student to understand is that life insurance is issued on the basis of age and health . Normally young people can demand very low premiums for life insurance . The advantage of starting a life insurance policy when young is that there are fewer health concerns . The second thing that a college student should understand is that life insurance is all about statistics . If they have had a class in statistics understanding life insurance should be easy . There is a very large pool of people who would suffer significant loss if they died . They pool their risk so that those who experience this unfortunate event can be compensated by the very small contribution from the vast majority that survive . Inherent in this idea is that the probability of death increases with every passing year . This makes the amount each member of the pool pays into the pool increase each year because more of the participants will die in a given year . The third thing a college student needs to know is that life insurance companies are corporations that are based on the idea of legal reserves . Even though they know that a certain percentage will die of a particular age group they must maintain reserves in the unlikely event that the death rate is higher for some unknown reason such as war . These legal reserve companies are admitted to do business by the various state insurance commissioners . Their reserves are monitored closely to make sure that the companies can keep their promises . The fourth thing a college student needs to know is that even within a specific age there is a wide variation of health . I had classmates who died in their first year of college . One classmate died of a medical condition . This variation is like a bell-shaped curve . Most of the people are in the middle of the curve and are considered to be standard risks , however some are better than average and some are worse than average . Life insurance companies hire underwriters to evaluate the deviations and assign premiums that reflect how different the individual is from the standard risk . The reason that this is done is to maintain the risk pool and make sure it can keep its promises . The fifth thing a college student needs to know is that since life insurance is all about statistics the companies can develop a wide variety of life insurance plans . Some may appear superior while in fact their costs are comparable . There is merely a different design to the plan . For example a student could buy a one year term life policy for $ 500,000 for very little in premium . For a multiple of the premium he could buy a $ 500,000 whole life policy . Neither is good , nor bad . They are just different . The whole life policy will remain in force at the same death benefit for the lifetime of the insured without changing the annual premium . The one year term policy will either cancel or renew at a higher premium at the end of the policy year . If a person knew when they were going to die , they could choose a policy that would maximize benefits . However few of us have that information . The sixth thing a college student should know is that life insurance will probably form the foundation of their financial plan in the future . For this reason it is wise to select a life insurance agent who can service you for the foreseeable future . That doesnt mean to select a peer but rather someone with whom you can mature . The advice of the life insurance agent could be very important as you mature and your needs change . At some point you will probably own a great deal more life insurance . Family , debts and retirement all play a role in determining how much life insurance to carry . The final thing that a college student needs to know is that companies work hard to develop a reputation but the relationship with an agent trumps everything . If you have a good agent , you will find them to be very valuable in the future .


Input: What Do College Students Need To Know About Life Insurance?

Output: Just as a simple direct answer , a college student should know that life insurance is the most important insurance product once you find a loved one that depends on you . Too many widows and widowers are financially devastated at a loss of a spouse or loved one . Life insurance is the most affordable at a young age . Buy as much as you can afford as early as possible . I have never seen a widow turn down a beneficiary claim check because it was too much money .


Input: What Do College Students Need To Know About Life Insurance?

Output: That is an excellent question ! I like simple answers , so here 's the cliff notes version - cheaper to buy the younger and healthier that you are ; one of the best financial protections there is ; and if there is anyone that you love and wish to care for if you were to pass , it 's a must . Contact an independent agent when you have some free time , and we 'll walk you through in more detail . Thanks for asking , and good luck with school !


Input: What Do College Students Need To Know About Life Insurance?

Output: In addition to the other great answers above , I would add that a college student should know that they can usually get life insurance based on their future earnings . Just because they are in school and not making an income now , does not usually exclude them from getting a policy .


Input: What Do College Students Need To Know About Life Insurance?

Output: That is a good question ! Typically college students are under age 30 and therefore are in the best class as far as insurance premiums go . When a person is young and healthy is the very best time to implement a Whole Life , Cash Value insurance policy . So really the first thing a college student needs to know about life insurance is that while Term insurance is really cheap , it has no cash value to the policy holder ever , unless it has a accelerated benefit rider . In that case it will pay a percentage of the death benefit to the policy holder in the case of critical or chronic illness where the client can not perform at least 2 of the essential daily living tasks . Otherwise the only benefit to anyone other than the insurance provider is in the case where the death benefit is paid to the beneficiary . Also regarding Term insurance , as the name implies , it will end at the completion of the term , ie : 10 years ; 20 years ; 30 years . And then it will be much more expensive to buy another term . Whole Life is more costly in premium than Term , but still much less when you are young and healthy . There are a variety of kinds of Whole Life policies , but with `` Straight Whole Life '' premiums are guaranteed not to increase over the life of the policy , so in actuality it is more affordable than Term over the long haul . And the premiums you pay into Whole Life build cash value that you can use without ever paying taxes on ! Contact me for more information .


Input: What Do College Students Need To Know About Life Insurance?

Output: Great that you are asking this question now and not 40 years from now . The cost of life insurance will never be less than it is when you are young and healthy . Life insurance can accumulate value during your entire lifetime and become a stash of cash for you to draw against in emergencies , or when you want to buy a house or retire , if you buy cash value life insurance , usually called Permanent Life Insurance . I personally recommend EIUL , which stands for Equity Indexed Universal Life , because it accumulates value , usually the largest amount of value , will not lost value with the market , but will gain value with the market . You can borrow against it and keep the money tax free , although that will reduce the death benefit if not repaid . It is like a bank account that can make sooooo much more gain than your bank or cd . It is a great way to get an instant legacy , since if you deposit a hundred now , you can have 1/2 million in death benefits , versus putting a hundred in the bank and having an estate there of only a hundred . What a great way to go ! GARY LANE , garylane@cox.net


Input: What Role Will HIPAA Play In The Future Of Health Insurance?

Output: That is a great question ! I can not see any way in which the Act will change . The protection of your privacy and information since the Patriot Act made it a priority to protect them has not lessened , if anything , it has become more of a focus . None of the other provisions were affected by the Affordable Care Act -LRB- Obamacare -RRB- in any noticeable way . I hope that helps - thanks for asking !


Input: What Role Will HIPAA Play In The Future Of Health Insurance?

Output: HIPAA will play the same role as it did prior to the new affordable care act . It will still protect patients medical information and COBRA coverage will still continue under the existing structure -LRB- helping youto continue employer coverage for a while after your employment has terminated -RRB- . Please note , under the affordable care act , coming off of group coverage does grant you a special enrollment period as it 's a qualifying event so you would want to compare options between COBRA and plans available on the individual market - an experienced health insurance broker can help you with this . 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: Does Home Insurance Cover Water Damage?

Output: Homeowners insurance certainly may in many circumstances pay for water damage . There may be policy limitations for damage caused by long term seepage i some cases or other policy limitations or exclusions specific to your insurance company so it is always best to talk with your Insurance Professional . One water peril that is never covered by Homeowners Insurance is Flood .


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

Output: A qualified retirement plan , whether individual or employer sponsored , is generally under the regulatory body of ERISA , The Employee Retirement Income Security Act of 1974 . Your contributions are tax deductible , your account accumulates tax deferred and your distributions are taxable as ordinary income .


Input: Which Is The Best Life Insurance Company In Usa?

Output: Objectively , there is no one best life insurance company in the USA , although some people certainly have personal opinions about which life insurance companies they like best . There are four main rating agencies that people consult to review the financial information of life insurance companies , and to see what they are rated . These rating agencies are AM Best , Standard and Poor 's , Moody 's , and Fitch . Some also look at Weiss and others . Looking at a database of complaints against the company can also influence what someone considers to be the best life insurance company in the USA .


Input: When Can Long Term Care Insurance Be Used?

Output: There are triggers that indicate when Long Term Care benefits can be used . If non tax qualified policies , the triggers are when skilled or rehabilitative care is needed for medical necessity , when there is an inability to two or more activities of daily living , or when there is cognitive impairment . With tax qualified plans , the triggers for benefits are unable to do or more ADL 's without substantial assistance , cognitive impairment requiring substantial supervision , and the condition must be expect to last for at least 90 days . Medical necessity is not a trigger in this type of plan .


Input: When Can Long Term Care Insurance Be Used?

Output: Depending on the specific long term care policy , the contract may be triggered if 2 out of the 6 ADLs , activities of daily living , cant be accomplished : Eating , bathing , dressing , toileting , transferring and continence . There may be other assisted living options that can also be triggered ; the language per policy is an important issue to know how your benefits are engaged .


Input: Does A 15 Year Old Need Auto Insurance?

Output: If you have a drivers license you need auto insurance ! You can be added to your parents policy or buy your own . It is usually less expensive to be added to a parents . If you own your own car , titled solely in your name you will need to have your own policy in most cases . Some states vary on the exact rules so see your insurance agent for your individual situation .


Input: Does A 15 Year Old Need Auto Insurance?

Output: Wow 15 year old with a driver license needs to get at least liability insurance to drive in most states . You can check with your current insurance compay on the requirment . If your teen has a driver permit they can still drive and be added to your curent insurance policy as a driver .


Input: Is There Life Insurance For Elderly?

Output: Yes , there is life insurance for the elderly . A number of No Exam , Final Expense policies can be purchased by persons up to age 80 , and a handful are available to applicants up to age 85 . There is quite a bit of leniency on the health questions for these policies , but it is possible to be declined . The maximum face amount offered is often $ 25,000 for this type of policy , although some come in higher face amounts . Persons up to age 90 can apply for life insurance that requires medical exam and records . These are harder to get but for an elderly person with relatively good health , it is possible to get this type of policy . Here , the minimum face amount is usually over $ 25,000 and the only maximum limit is what the applicant can afford .


Input: Is There Life Insurance For Elderly?

Output: Life insurance for the elderly is available . Rates are based on many factors , but mainly your health and age . So if you are elderly , naturally , the premium is going to be higher than a younger person would pay . There are many reputable carriers that offer moderately-priced plans for the elderly .


Input: What Is The Value Of Renters Insurance?

Output: Renters insurance like many of the other insurances that people purchase are for the purpose of protecting the insured from a financial burden incurred after a loss . Insurance typically is more for the accidents that you are involved in caused by others than it is for the accidents that you are involved in that you have caused . The cost of one accident will typically out weigh the cost of many years of premium .


Input: Why Would Car Insurance Increase?

Output: Whenever an insurance company pays out more in claims than it receives in premiums it will probably file with the state insurance commissioner for a rate increase . These increases are generally broken down by location so that the resulting rate will reflect the companys experience in that area . On an individual level the rate for an auto policy will increase if there is an inexperienced driver assigned to the car . It will also increase if there is an accident or violation point assessed to the car . It will also increase if the policy no longer qualifies for a discount previously given . In California it will increase if the annual mileage on the car increases .


Input: What Is A Life Insurance Annuity?

Output: An annuity issued by a life insurance company is an income for life . That said , there are numerous ways that income can be taken . For example , immediate annuities as their name implies start when funds are deposited with the insurance company . Deferred annuities start at some future date , say on retirement for example . Annuities can also be designed to last for one annuitant 's lifetime at a fixed amount , or for a guaranteed number of years . These are just a few of the options that are available . To learn about what 's best for you , speak to an independent agent familiar with many carriers and their choices .


Input: What Is A Life Insurance Annuity?

Output: That is an interesting question . I assume you ask because someone presented the idea to you . Annuities are a kind of insurance product and are sold / issued by life insurance companies . Annuities are either `` life certain '' or `` period certain '' . If it is ` life certain ' the annuity will pay out a specified amount per payment period for as long as the annuitant lives . If it is ` period certain ' it will pay out for the length of the determined period regardless if the annuitant lives longer or dies before the period ends . If the annuitant dies before the period ends their beneficiary will receive the balance of the payments . Another idea that could be expressed as a life insurance annuity is when the death benefit of a life insurance policy is set up to be annuitised to the beneficiary . That is the death benefit would be used to purchase an annuity for the beneficiary .


Input: Does My Health Insurance Cover Breast Pumps?

Output: Breast pumps are a convenience item , and not medically necessary . Health insurance is designed to cover expensive treatment that is considered a medical necessity . Health insurance does not cover many over the counter items , especially if they are not purposed to treat injury or a medical illness . Breast pumps are not covered by health insurance .


Input: Can I Qualify For Medicare If I Am Disabled?

Output: If you are receiving Social Security Disability for a period of two years , you will be qualified for Medicare . You should receive your Medicare card in the mail when you qualify . If you are not on Social Security Disability then you will not qualify for Medicare . You can however enroll in a Marketplace -LRB- exchange -RRB- plan under the new Affordable Care Act . These plans will take effect Jan 1st for those who enroll in a plan before December 31st .


Input: What Is The Best Cancer Insurance?

Output: The best cancer insurance plan is the one that pays when you need it . That is not a flip answer . Any plan is only as good as the ability to deliver as expected and pay your claims . Some cancer plans pay a lump sum on first diagnosis , while others are reimbursement policies . Understand the difference and read all literature before buying .


Input: How Much Is Progressive Auto Insurance?

Output: The rates vary depending on your state your age your driving record and the type of car you drive . It also makes a difference if you get it from a Agent who sell Progressive insurance and from buying it online direct . But buying direct you have no local agent to support you many times an agent is better they can make sure that you have the coverage that you need and at the same price as buying online .


Input: Does Net Worth Include Life Insurance?

Output: Net worth usually only counts the current cash value in life insurance , and not the face amount , when figuring net worth for obtaining school loans , filling out financial records , etc. . That is the only cash value that is accessible in life insurance before death . There may be situations where the face amount is counted but it would be specified as that .


Input: Does Net Worth Include Life Insurance?

Output: Net worth is a financial statement that includes the summary of assets minus liabilities . Cash value permanent life polices that have accumulated cash value are part of the asset side of the balance sheet . The death benefit part of life insurance is unrealized prior to death and is not counted as part of the net worth statement .


Input: Do I Need Insurance When I Buy A Car?

Output: It is recommended for sure and that really is up to the State , lender and the rules the auto dealer has in place . You should never drive any vehicle without insurance protection and in most cases is the law . That being said if you purchase a car and the party you are purchasing the car from does not require you to show proof of insurance or financial responsibility then you technically are just purchasing personal property in my opinion . I hope this helps and every states rules and regulations are different so please check .


Input: Do I Need Insurance When I Buy A Car?

Output: Here in Connecticut , we are required to have car insurance when registering a car . The State mandates a minimal amount of Liability and Uninsured/Underinsured coverage . If you are financing the car , the finance company will require Physical Damage Coverage -LRB- Comprehensive and Collision -RRB- and will need to be listd as an interested entity on your policy . If you are leasing , in addition to the Comp and Collision requirement , Leasing companies also require Liabilitycoverage . Typically they will require that you carry Bodily Injury Coverage of at lest $ 100,000 per person , $ 300,000 per occurance and $ 50,000 for Property Damage Liability .


Input: Who Rates Life Insurance Companies?

Output: There are several organizations that rate life insurance companies in a number of categories from financial strength to customer service and claims paying ratings . I believe the most important are the 4 rating companies for financial strength . They are A.M. Best ; Fitch ratings ; Moody 's Investors ; and Standard & Poor 's . You want to look for companies that have `` A '' or `` AAA '' ratings to be sure they have the financial strength to pay the claims on the policy you purchase .


Input: Does Medicare Pay For Duodenal Switch?

Output: Yes , Medicare will pay for a duodenal switch if there is evidence that the weight loss surgery is medically necessary . Among other things , the patient 's BMI must be 35 or more and there must be a health condition that will be alleviated or cured by losing a lot of weight .


Input: How Long Does It Take To Get Insurance Money From A Car Wreck?

Output: In Most cases the payment is prompt unless there is a dispute over the value of the auto or if the other person caused the accident and they are not admitting fault then at times it can be much longer . Medical payments on a policy can be much fast as long as the billing has been processed . If it is your own policy and you were the only person involved then it should be fairly fast . The main thing that slows claims is the disputing portion of a claim which means who is at fault and how much damages were done .


Input: Why Do Kids Need Life Insurance?

Output: Since the purpose of life insurance is usually to protect someone from an economic loss that would be caused by the death of the Insured person , this is a good question . Why do kids need life insurance ? In light of the stated purpose , perhaps this need does not exist in your family . If the unspeakable happened and you lost a child , you may have plenty of resources to cover final arrangements , even if there were medical bills . If not , then a life insurance policy for a child , or putting the child -LRB- ren -RRB- on a child rider on your policy , would be a valid choice . However , because I specialize in Impaired Risk life insurance -LRB- life insurance for those who have health conditions or other risk -RRB- , I see the biggest advantage of kids having life insurance as ensuring they will be able to get affordable life insurance for the rest of their lives . There is a huge advantage to getting them insured while they are still healthy . E.g. . A child who develops type 1 diabetes will not be able to get a life insurance policy until they are at least 16 years old , and then far above average rates will follow them the rest of their lives . If they got even a term policy before developing diabetes , the policy can later be converted to a permanent policy at the same health rating they got before they were diagnosed . If on a child rider , they can get 5 times the amount of the rider rated Standard when they become adults , no health questions asked . There is a tendency to not think about life insurance until there is a scare in one 's health . Having life insurance as a child just takes care of it , no matter what the future brings .


Input: Can Disability Benefits Be Garnished For Child Support?

Output: As with so many things in life , the answer is `` it depends '' . If you are talking about Social Security disability benefits it will depend upon the type of disability benefit you are receiving . Supplemental Security Income -LRB- SSI -RRB- disability benefits , which are for certain low income individuals e.g. - blind , aged , disabled and below certain income thresholds -RRB- who do not qualify for regular Social Security Disability can not have their SSI payments garnished for child support . On the other hand , standard Social Security Disability payments can be garnished to meet child support obligations . While it is much more complicated , it is also possible that a portion of VA disability benefits can be garnished for child support . Finally , if you are receiving disability payments through an individual or group disability insurance policy those payments can be garnished for child support purposes though the specifics vary from state to state .


Input: Why Is Disability Insurance More Expensive For Women?

Output: Disability insurance is a morbidity product . Actuarial morbidity predicts the incidences of injuries and sickness based on age and gender . Women statistically have more injuries and sicknesses that lead to a disability than their male counterparts . So women pay more in premiums for disability insurance than men .


Input: Does Renters Insurance Cover Lightning Damage?

Output: Yes . If a lightning strike started a fire at the property you 're renting and your personal belongings were destroyed , then your renters insurance policy would cover your belongings up to the policy limits . Just be sure you have enough `` personal property '' coverage to replace all your belongings . I hope this answers your question .


Input: Do I Need Home Insurance If I'm Renting?

Output: You do not need home insurance when you are renting since you do not own the structure . However , you do need renter 's insurance , which is available from most reputable auto and home insurers . Renter 's coverage gives you protection for your personal property that you own inside the building you are renting . Other benefits include additional living expenses in case you have to move because of a covered claim , liability and medical payments to others . Rates are typically very cheap and you can easily compare the best prices from a reputable website here in the US or an experienced broker .


Input: Does Health Insurance Cover Gastric Bypass?

Output: In general , if your primary care physician deems a gastric bypass as a medically necessary procedure , your health insurance plan should cover a percentage of the expenses - the exact percentage of the bill that the carrier will pay for is going to vary from plan to plan and carrier to carrier . Contact an insurance agent to review available health plans from multiple carriers in your zip code .


Input: Does Medicare Part B Cover Surgery?

Output: Yes , Medicare Part B does cover medically necessary surgery that is done on an outpatient basis and/or does not require a hospital stay . If the surgery is done in a hospital and a hospital stay is required , the surgery will most likely be covered by Medicare Part A , instead .


Input: What Is Universal Life Insurance?

Output: Video Transcript : What is universal life ? Universal life insurance was invented in the '80s . It 's a combination of buying term and investing the difference . It has different crediting methods which could be interest rate , could be indexing , or could be separate sub-accounts . Those will give you 3 different ways to accumulate cash . If you 're looking for death benefit and it needs to be permanent , you need to make sure that the universal life contract that you choose has guaranteed death benefit for the period that you need . The cash accumulation ideas , whether it 's interest rate or whether it 's indexing or separate sub-accounts , those will bring some accumulating cash and it could be used for some retirement supplement plan to augment your 401k .


Input: What Is Universal Life Insurance?

Output: WHile Steve 's answer above is correct I think it 's important to understand that Universal life is only permanent as long as the continuing increase in `` cost of insurance '' is covered . That means that while some cash value may accumulate after the first several years , as the insured ages the cost of insurance increases and that cost is passed on to the insured . So if the insured does n't increase the amount they pay into the policy it will automatically take from the cash value to pay the difference . When the cash value is gone and the premiums are no longer sufficient to cover the costs , the policy will lapse . So basically Universal insurance is an extended term policy that has potential for cash value as long as it is sufficiently funded .


Input: Does Term Life Insurance Cover Cancer?

Output: There are three ways to answer this question . 1 -RRB- If applying for a new policy while having cancer , it is difficult to find a Term policy that will cover the cancer patient until cancer treatments have ended for at least a year . There are a few policies with graded benefits that will do so . The possibility of getting traditional Term life insurance grows as the time grows that the cancer is in remission . 2 -RRB- If applying for a Term policy with no history or signs or cancer , and just wondering if the policy would cover cancer in the future , yes , it would . 3 -RRB- If owning an existing Term life insurance policy and then being diagnosed with cancer , the policy will cover it .


Input: Can You Borrow From A Term Life Insurance?

Output: Unfortunately , you can not borrow from a term life insurance policy because term life insurance does not have any cash value from which to borrow . Cash value is only present in permanent policies -LRB- Whole Life , Universal Life , and their variations -RRB- . Not all permanent policies have enough cash value to tap into until they have been in effect for some time , and some -LRB- e.g. guaranteed universal life -RRB- may never have much cash value . If you want a policy with cash value that you can borrow from in the future , most permanent policies will have an illustration that you can review before you purchase it , so you can see who much cash value will be available .


Input: Can You Borrow From A Term Life Insurance?

Output: No because a term policy by it 's nature does not build any cash value from which to borrow . Nor can it be used as collateral if you are applying for a loan for the very same reason . Talk to your Insurance Professional about the specifics of your policy and current coverage needs . It may be time to convert all or a portion of your term policy into a permanent form that will eventually include an accumulation of cash value in some form . This takes some time in most cases to build up to any sizeable amount so do n't expect such funds to be available for a number of years .


Input: What Is Credit Life Insurance?

Output: Credit life insurance is life insurance sold by the credit card company to cover their loss if the borrower passed away . The payment would go directly to the lender in the amount that was still owed on the credit card . Contrast this with regular life insurance , which you would leave to a beneficiary who could use it to pay bills in order of importance , and if there was some left over , use it for themselves or other causes you believe in .


Input: Does The Military Provide Life Insurance?

Output: The military does provide life insurance through the Servicemembers Group Life Insurance -LRB- SGLI -RRB- . Servicemembers are automatically enrolled for $ 400,000 of Term coverage and are charged group rates as determined by the VA. . If the whole amount is not desired , it can be reduced by increments of $ 50,000 or turned down altogether .


Input: How Much Does Medigap Insurance Cost?

Output: Medigap insurance rates vary by age , gender , zip code , tobacco use , plan design and carrier . Since all plans with the same letter are identical in every way except premium rate , you should consider lower cost carriers . Here in Georgia plan F for a 65 year old can range from $ 120 to over $ 200 per month . Shop around . When you pay more you do n't get more you simply paid too much .


Input: How Much Does Medigap Insurance Cost?

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


Input: Can You Buy Car Insurance With A Learners Permit?

Output: Probably not as an insurance company will need your drivers license number in order to issue a policy . If you have your learners permit and are living with your parents , then more than likely their auto insurance policy will cover you while you are driving one of their cars . Once you earn your license , you can either stay on their policy or if you decide to make that purchase and register the car in your name , then you would get your own policy . Remember , start by talking to their Insurance Professional and asking about insuring your car with the same company . You could be enjoying some great money saving discounts when you do .


Input: How Do I Know What Life Insurance I Need?

Output: The best way to identify your Life INsurance needs is to schedule a meeting with your trusted Insurance Professional . In that meeting , identify not only your current financial exposures -LRB- mortgage , auto loan , student loan , etc -RRB- but also talk about your plans for the future . Do you and your spouse want your children to attend a college or University ? Do you have plans to purchase a business ? These and many other personbal financial issues when discussed and carefully considered will help to identify your particular needs .


Input: How Do I Know What Life Insurance I Need?

Output: That is a very hard question for the average consumer to answer . Many people have these predetermined ideas about insurance -LRB- such as , only buy term and invest the difference or you must have a whole life policy -RRB- . Keep in mind the only reason any insurance exists is insurers focused on needs in the marketplace and created policies to address them . That being said I believe you need to have a consultative approach . This means that you need to meet with someone who is focused on providing people the right type of insurance and is not trying to push all people to one particular product . You need to do as you would with your doctor ; give them info on what you think you need , answer their questions and allow them to make some suggestions for insurance that clearly meet your needs . An example ; if you were to say `` I want as much insurance as my dollars will afford and I only need it for 10 years '' then you only have a few options to consider . You did n't say you need cash accumulation or insurance to last a lifetime . When the agent gives you options let him show you how what he is suggesting meets your needs . You may have some ideas as to what type of insurance you need but give him/her the benefit of the doubt in proving to you that their suggestions meet your needs . Do n't just buy insurance ; purchase the type of insurance that meets your needs and fits into your budget . You will be glad you did


Input: How Do I Know What Life Insurance I Need?

Output: The only way to know what type of life insurance you need , is to visit with a knowledgeable agent who can help you determine that . As Samuel showed , there are many variables to that question . Many people use more than one type of policy to achieve their goals . It can save you a lot of money and heartache to consult a professional .


Input: How Do I Know What Life Insurance I Need?

Output: The answer to your question has many parts to the final answer . Let 's assume I just got married and my phone has been ringing incessantly with insurance agents pedaling their life insurance policies . My wife and I know it just makes good sense to have life insurance-my policy covering her and vice versa . The question is given my occupation and I do not want her to work how do I plan `` how much '' life insurance ? My employer can provide $ 50,000 for me and I am not taxed as long as I stay at or below $ 50,000 . So from a cost standpoint that $ 50,000 is a given . I hope to have two children to keep my wife happy and raising kids . We know it takes a huge amount to just raise the kids much less educate them . We also know if I am smart at some point in my life I will be smart to have saved enough money to get out of the life insurance market and have savings to pay any funeral costs that may arise . So on today 's date I know my `` insurance needs '' is at the highest point it will ever be assuming the two children are born and then we can avoid the `` steamy ` Saturday and be careless and now the third is here . So if I assume the first child will be born in two years that means in year 20 I have to have `` college expense '' funds '' . Is it a better investment to use life insurance or it better to open a mutual fund aggressive growth and invest a $ 100 pewr month for the next 20 years ? Let 's assume the second child in born in our fourth year of marriage . Now the same decision outlined above is with me again . What is often overlooked is the assumption is I will remain healthy and my income will increase each year . What happens if I become ill and diabled for two years ? What disablity insurance plans do I have ? Do they cover my `` own occupation '' or if I can flip hamburgers I am not considered disabled . In order to make an informed decisions you have to consider all the options . Is it best for me to take a Gerber Life insurance policy on each child for $ 20,000 , which then doubles , at their age 18 ? If I am confident that I can save sufficiently for the next 30 years I may decide to take a $ 1,000,000 30 year term policy but if I am not confident of my ability to save then I am sure going to use the `` dollar cost averging '' advantages of having a `` cash value '' policy and a mutual fund in the aggressive growth and invest $ 100 per month . I ho ; pe this helps you to see the complexity of your question .


Input: How Old Can You Be To Get Life Insurance?

Output: You can be from 15 days old to 90 years old to purchase life insurance . Once you get past age 85 , the choices are very limited and you must have fairly good health to qualify for coverage . The broadest range of choices are for those between age 20 and 60 .


Input: Does Renters Insurance Cover Theft While Traveling?

Output: Talk to your insurance Professional about the coverage provided by your policy , but in general , personal property outside your home is usually covered , including while travelling . Now , most policies will cover your belongings up to a certain total percentage of your current Personal Property stated amount . So , for example , if you have $ 50,000 stated coverage in your policy , you may have coverage up to 10 % while travelling . Likewise there may be certain `` inside limits '' for categories of property such as camera equipment that may further limit the amount of coverage that you actually have .


Input: Does Renters Insurance Cover Theft While Traveling?

Output: Yes . Personal property is covered `` any where in the world '' however most policies limit coverage to 10 % when the loss occurs away from your residence . For example , say your luggage is stolen while traveling and you have Renters insurance with contents coverage up to $ 50,000 . You would have coverage for $ 5,000 in this particular case .


Input: Does John Hancock Sell Annuities?

Output: The John Hancock Insurance Company is an A + AM Best rated insurance company that sells Annuities . They offer Variable Annuities and Fixed Annuities . They have a website that is dedicated to their Annuities . You can view them at WEBSITELINK . The website has basic information regarding their Annuities . You should check in with your independent agent to see if they are a good fit for your portfolio .


Input: How Does Adverse Selection Affect The Market For Health Insurance?

Output: In simple terms adverse selection means that a health insurance company enrolls a population mix where the claims being incurred by some enrollees exceed the total premiums being paid in by all enrollees . If Insurance Company X finds itself paying out $ 1 billion a year in claims while receiving only $ 800 million in premium it is experiencing adverse selection and losing $ 200 million that year . Adverse selection can occur in a variety of ways but it all comes down to the simple math I described above . Preliminary enrollment results from the recently concluded open enrollment period point towards a rather broad based adverse selection in the enrollment across the nation . The enrollment mix , while trending somewhat better towards the end , still indicates that enrollees tended to be more females than males -LRB- women consume more health care than men over the course of their lives -RRB- , older than the general population -LRB- older persons consume more health care than younger people -RRB- , and have more chronic health problems than the general population -LRB- for example , the number of enrollees requiring expensive HIV medications was substantially above the level of the general population -RRB- . We appear to have reached approximately 25 % enrollment in the `` young & healthy '' demographic when the initial actuarial projections were that the program enrollment mix needed to be around 40 % for things to work out . While it is too early to project what this will mean for rates in 2015 , and the impact will vary from state to state , I am already seeing industry reports that are projects substantial double digit rate increases in most states and possible triple digit increases in some states . States such as New York which had already largely decimated their individual insurance markets and had some of the highest insurance rates in the nation to begin with will probably be impacted less because of the high starting point they were already at . Many states in the south , mid-west and western U.S. which generally had much lower health insurance rates prior to ObamaCare implementation will likely be the areas who will experience the largest increases . Here in Tennessee I am already beginning to see increases for small group plans in the 20 % to 60 % range as ObamaCare compliant plan designs are being phased in .


Input: How Does Adverse Selection Affect The Market For Health Insurance?

Output: Great question ! Think of it like this . You buy the first house in a neighborhood . If each neighbor is well behaved and keeps up their homes , your happiness level is good ! But if the neighbors are unruly , leave the homes and yards dirty and unkempt , and have regular visits from the police , your happiness level declines . Adverse selection works the same way . If more unhealthy people buy insurance the happiness level of the service providers and insurers goes way down , and costs go way up . If more healthy people buy , than insurers and providers are happy , and costs go down . -LRB- theoretically -RRB- . If you would like more information , please contact me , I 'm happy to help . Thanks for asking !


Input: How Does Adverse Selection Affect The Market For Health Insurance?

Output: Adverse selection is the primary driver behind the need for the Affordable Care Act to impose a penalty for not purchasing coverage , and for the intense media scrutiny surrounding the demographics of people enrolling through state exchanges . Adverse selection occurs when people expecting to use the healthcare system enroll in health insurance plans at a far higher rate than healthier people . Somebody has to pay more in premium than they receive in benefits - or the premiums will have to rise to cover the sicker population - which in turn causes more healthy people to opt out - which causes premiums to rise further - which in turn ... .


Input: Does Escrow Include Homeowners Insurance?

Output: It can , but it depends on your mortgage company . Usually , if a mortgage company requires escrow for the taxes , they will escrow the insurance too . Whether you want the insurance escrowed or not , your best bet is to talk to your mortgage company to see what options are available based on your loan .


Input: Does Escrow Include Homeowners Insurance?

Output: Good question . Yes , typically insurance is included in escrow , but you need to communicate with your lender to see if they have included the insurance premium in your estimated payments -LRB- if you are purchasing a home . -RRB- A lot of people include their homeowners insurance into their escrow account . I would contact your lender to see what your house payment will be with and without your insurance premium included in escrow . You may be required to escrow yourinsurance depending onthe terms of the mortgage . I hope this is helpful . If you have any additional questions about homeowners insurance please let me know . Have a wonderful day ! Best , Josh DeBoer 918-582-8206 fdands.com WEBSITELINK


Input: Does Escrow Include Homeowners Insurance?

Output: A mortage company may include insurance premiums in an escrow account if they require that to be the case . Over the years , that has in this area -LRB- CT -RRB- become more commonplace but it is not ALWAYS the case . The best way to determine if your Homeowners Insurance is included in your escrow account is to check your year end statement and then of course , contact your lender to verify . If you find that it is not , then the next call should be to your Insurance Professional who can update the records onj your policy and billing account for you and offer you addiional payment options that may better suit your needs .


Input: Do I Have To Carry Full Coverage On An Auto Loan?

Output: If you have an auto loan then the lending company will require you to carry both Comprehensive and Collision physical damage coverage on your auto insurance policy . In most cases , your state will require you to carry liability coverage in order to register and operate your car on public roads and highways . The combination of these two elements constitute `` full '' coverage . There may be other endorsements that might benefit you so talk to your Insurance Professional to make sure you are receiving all the benefits and discounts to which you are entitled .


Input: What Is A Good Amount For Life Insurance?

Output: With nothing else to go on , a good amount for life insurance is 10 times your annual income . To get a more accurate assessment of what is a good amount for you , there are life insurance calculators that will allow you to put in any number of variables to come up with the amount that will best meet your needs .


Input: What Is Fair Rental Value In Home Insurance?

Output: Fair Rental Value is the amount an insured would receive if they 're renting the home , or part of a home , to a tenant and the home becomes uninhabitable because of a covered event . This would be the rent you lose because the home can not be lived in . This includes all payments that continue while the home is uninhabitable . This amount is included in the `` Loss of Use '' coverage on a home policy or lost rents on a dwelling policy . It 's there to ensure you do n't lose money in the case of a covered claim .


Input: When Am I Qualified For Medicare?

Output: When you qualify for medicare when you reach your social security retirement age . There are also three events that can happen prior to your reaching your social security retirement age that would qualify you for medicare ; they are : 1 . You are on Social Security Disability for 24 months and continue to be eligible for it 2 . You are diagnosed with end stage kidney failure 3 . You are diagnosed with ALS and have received SSDI benefits for at least one month .


Input: Is Long Term Care Insurance Expensive?

Output: A male and a female age 60 , nonsmoker and in good health with a full coverage and inflation rider from a quality long term care insurance company will pay around $ 300 a month for the max coverage . Age , health conditions , gender and amount of coverage all play roles in the final price tag for long term care insurance .


Input: Does My Health Insurance Cover Std Testing?

Output: STD screenings are what is called a qualified expense , meaning that most health insurance policies will cover the expense either in part or full . depending on what type of health insurance you have you may or may not have out of pocket cost . for example if you belong to an HMO then the screening will generally be completely covered , however if you belong to a high deductible health plan then it may not be a covered expense until you reach your deductible or may just be covered in part . You must either call your insurance company or look up the summary of benefits coverage to find out exactly how it will effect you .


Input: How Much Does It Cost For Term Life Insurance?

Output: This is a very broad question . It depends on your age , sex , health , the amount of coverage you need , and the length of time you need the term coverage for . I 've seen policies ranging from $ 15/month to $ 1500/month . Each situation is different , and there is no one company that will give everyone the best rate . Speak to your local insurance broker , and they will find the best deal for you .


Input: How Much Does It Cost For Term Life Insurance?

Output: That 's a good question and I think it 's a shame that there are companies that put forward a very misleading impression that `` $ 1 buys $ 100,000 of insurance '' and so on ! All life insurance policies are priced on a few variables including your age , the amount of insurance you buy , your health and the mortality table . For Term insurance you add to those criteria the length of term you buy . So before any price may be quoted those questions must be answered . And then the price will vary somewhat from company to company . And there are also riders to consider .


Input: How Much Does It Cost For Term Life Insurance?

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


Input: How Much Does It Cost For Term Life Insurance?

Output: The cost of Term Life Insurance depends on your age , health , whether you use tobacco , how much coverage you are getting , and for how long you are locking the premiums in . To see what it costs for you to get Term Life , you can go to a website that offers a quote engine and put in your date of birth and those other factors . You will get a rough idea , although it is best to talk to an agent to make sure it is accurate .


Input: What Group Is The Cheapest For Car Insurance?

Output: Perhaps the cheapest group to insure is married persons between the ages of 45 and 60 , especially if they are retired . If the number of miles annuallydriven is minimal -LRB- perhaps under 5,000 -RRB- premiums will reducefurther . One of the most expensive groups is single males -LRB- new drivers -RRB- under the age of 19 . One positive - They do get older and rates reduce !


Input: Why Is Disability Insurance Important?

Output: Disability insurance is important because incurring a disability is not uncommon . Some estimate that up to one in three persons will be unable to work for an extended period of time during their working years . Disability insurance is also important because most people could not live without their income for an extended period of time without having their lives drastically disrupted . Disability is one of the leading causes of foreclosures in the US .


Input: Why Is Disability Insurance Important?

Output: 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: Will Medicare Pay For A Kidney Transplant?

Output: Yes , Medicare will pay for a kidney transplant that has been deemed medically necessary . Medicare Part A will pay for inpatient services , the kidney registry fee , labs for you and your potential kidney donors , full cost of care for your donor , and blood needed during either your or your donor 's surgery . Part B covers you and your donor 's doctor 's services before , during and after the transplant ; immunosuppressive drugs , and blood needed .


Input: How Much Will Life Insurance Cost Me?

Output: Life insurance prices vary widely based on many factors . To see what the best possible rates are for you , visit a website that offers instant quotes . There you can try out different term lengths , face amounts , etc and see what range you might qualify for . Then call that agency to determine whether you do qualify for those rates . If not , they can get you with the company that has the best rates for your particular health details .


Input: How Much Will Life Insurance Cost Me?

Output: The price you pay for Life Insurance is based upon a number of factors incuding the type of policy , amount of coverage , your age , health history , tobacco use , etc. . Your profession or occupation could also be a factor in pricing along with the hobbies or avocations in which you participate . Do you hang glide , paracute or scuba dive regularlyfor example ?


Input: When To Sign Up For Medigap Policy?

Output: You can sign up for a Medigap policy at any time , but if you have health issues the best time would be during your IEP -LRB- initial enrollment period -RRB- or one of the guaranteed issue times . If you miss IEP or do not have a guaranteed right you will need to go through medical underwriting .


Input: When To Sign Up For Medigap Policy?

Output: You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . The best overall time to buy will be your initial open enrollment period when you 're new to Medicare and just starting Part B coverage . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . It 's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires , needs , and budget . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Why Is My Homeowners Insurance So Expensive?

Output: `` Expensive '' is a term that is a matter of perspective . The pricing for your homeowners insruance is dependant upon many factors . Some of the factors that determine your rate are : the number of claims within your area , the age of the premise to be covered , the valuation of the premise to be covered , and credit rating of the proposed insured to name a few .


Input: Does Renters Insurance Cover Evacuation?

Output: The standard renters insurance policy does not include ordinance or law coverage . Renters insurance does include `` loss of use '' coverage , which is triggered only in the event of a covered loss . If you are forced to evacuate from a wildfire , loss of use coverage would not kick in unless and until you had a loss from the fire . Evacuation is not a covered peril in and of itself .


Input: Does Renters Insurance Cover Evacuation?

Output: A renters policy covers damages to your personal property . It also covers you if you are sued for bodily injury or property damage . Being evacuated does not appear to meet either of these requirements . If you are evacuated because the building is damaged by a covered peril and you can not live in it at this time that would probably be covered under increased living expenses which should be a part of your homeowners policy .


Input: What Is The Best Low Cost Health Insurance?

Output: Like most other types of insurance , there is no one company that offers the best '' or `` most affordable '' coverage for all . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . The `` best '' company or `` best '' plan available will vary dramatically depending on where you reside , and what your medical needs may be .


Input: How Can I Get Health Insurance With No Job?

Output: The best way to get health insurance on your own is to go through the health exchange for your state . This can be a very confusing and frustrating process however , so I recommend that you locate an insurance broker in your state that is contracted to assist you through this process . There is no cost to you for going through the broker , and the amount of time and energy saved is well worth it .


Input: Is Disability Insurance Deductible By A Corporation?

Output: This is a very interesting question , because on the surface , it appears as though the original poster is not very clear on the actual business entity . I can only assume that he is referring to a C-corporation . If that is the case , then I would absolutely agree with Mr. Savant 's eloquent response . However , if the corporation is an LLC or an S-Corporation , then please know that the premiums on a shareholder are not deductible .


Input: Is Disability Insurance Deductible By A Corporation?

Output: In scenarios where executive benefits are a recruiting and retention feature of the company , disability insurance can be a significant key person employee perk . The disability insurance premium can be expensed as a legitimate tax deduction to the company . But if benefits are generated to the executive , the income is taxed as oridanry income at the executive 's effective tax bracket .


Input: Which Car Insurance Group Is The Best?

Output: The best insurance group is the one that issues you a policy and pays your claim fully . Regardless of the premium you have paid , a fully paid claim is the true test of value . The best insurance group is the one recommended by your trusted insurance agent . Your agent has listened to you , made recommendations and communicated accurately with you and the company . You are as protected as possible . You are getting value .


Input: Can Medicare Help Pay For Assisted Living?

Output: Medicare only pays for skilled care for a limited time following a hospitalization for the same condition that caused the need for skilled care . In other words , Medicare does not pay for assisted living costs -LRB- except for medications , doctor appointments , and other Medicare approved expenses that it would approve no matter where you lived -RRB- . Most Long Term Care Insurance policies now cover assisted living . So purchasing LTCI can not only save you money , but can provide freedom in choosing your place of residence when you are unable to live independently .


Input: Can Medicare Help Pay For Assisted Living?

Output: Medicare is not intended to help pay for assisted living . Medicare part A covers hospitalization , part B covers doctors services and medical supplies , and part D covers prescription drugs . Approved medical procedures delivered in an assisted living setting may be covered by Medicaid . However the cost of support for your activities of daily living would not be covered . Medicaid provides this coverage , but only after assets are spent down to under $ 2,000 .


Input: Can Medicare Help Pay For Assisted Living?

Output: Medicare does not pay for assisted living or nursing home . It will provide some short term rehab services in a nursing home but it is not designed to pay long term . To receive nursing home benefits you must be hospitalized at least three days not counting day of discharge , and need skilled care that can not be provided at home related to the reason you entered the hospital . Medicare will only pay up to 100 days .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: Did you die by being mauled by a bear ? Falling off of a cliff ? Did you slip on the pavement and shoot yourself in the face with your handgun ? Or did your mean old stepfather accidentally shoot you with his high powered rifle that 's deadly accurate at 300 yards ? I digress . Unless there 's suspicious that you might have committed suicide , you have nothing to worry about .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: Here is a question on one of my carriers life insurance applications : `` Have you ever participated in , or within the next two years do you intend to participate in , hang-gliding , sky diving , parachuting , ultralight flying , vehicle racing , scuba diving , mountain or rock climbing , rodeos , competitive skiing or snowboarding , extreme sports or other hazardous activities ? '' So I would ask if at the time you purchased the policy had you ever hunted ? If the answer is `` no '' then I would say you should be fine . People can only answer these questions honestly at the present time . It 's always best to check with the carrier though if you have any concerns . Be safe !


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: Fortunately , I 've never run into this with any of my clients . But I can not think of any reason that a life insurance policy would refuse payment for death in a hunting accident . There is no question on the application asking about hunting as an avocation , and if the death was truly accidental , the policy should pay out .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: If you have a life insurance policy in force and you answered all the questions on the application honestly and then you die in a hunting accident , yes the insurance provider will pay your beneficiary the benefit amount . I have n't seen a question on an application specifically about hunting or fishing ... So if you answered all the questions honestly when applying for your insurance they will pay for any cause of death except suicide within 2 years of the policy .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: I actually have a sad story to relate on this topic from my client files . Ive had longtime friends as clients . He is an avid hunter . Of course , he keeps all his weapons under strict lock and key . Only his wife had access , besides himself . Unfortunately , she reached a time in life where many things got to her . She suffered in many ways . It was like , all of a sudden everything piled onto her . She became very forlorn , and very desperate . She had no hope . I guess she looked at that gun cabinet as the one source of relief . I helped her surviving husband file the claim for the life insurance benefit . He was so shaken , he couldnt even fill out the form . I did it for him . As you can imagine , this was a hugely emotional time . The claim check was received promptly . There had been full disclosure on the application , so there were no questions about hidden risks . Gun use , and hunting in particular , are interesting from a life insurance underwriting plan of you . I am a strong believer in the right of the citizenry to bear arms . They could be used for self-defense , or they could be used for hunting . Either way , they do represent an element of risk to mortality . This could stem from a hunting accident . Or it could stem from suicide . But as long as you go through full disclosure on your application , and you apply with the right company , your beneficiaries should have no problems getting their money .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: Life insurance pays off in the event of a death . The questions on the life insurance application are interpreted on their common understanding . This is to make completing the application as easy as possible . I doubt that an insurance company would deny a claim based on the words hazardous activity . If the company wished to consider a potential hunting accident there are English words that describe that and I believe most courts would have expected the company to include those words if they wanted to deny a claim on a hunting accident . Legitimate hunting accidents are undoubtedly covered . However , if the hunting was being done adjacent to a marijuana patch or near a still or other illegal activity the court might deem that hunting wasnt the true nature of the event and that criminal activity was the cause of the death .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: One more consideration I have not seen talked about in this forum . Since you have a hunters license , check to see what benefits you have with it . I know that if you have to be flown out of the are you are hunting there are some benefits which will help to pay that expense . There may be an accidental death benefit Life Insurance policy included as well . This would pay regardless of any other Life Insurance policy as this is designed for your specific situation . Besides getting a Life Insurance , you may want to consider the accidental Life Insurance to increase your coverage especially if you are concerned if you are covered or not . Hope this additional little bit helps .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: Your key word in your question is `` accident '' . Any type of accidental death is covered by your life insurance policy . Some life insurance policies have a double indemnity clause that pays double the benefit for accidental death . The accident can be hunting , fishing , car wreck , slip and fall or a number of different types of accidents in which one could die . The issues come when an accident appears to be a suicide or homicide . These types of deaths can be investigated by the carrier . You should be safely covered for hunting .


Input: Will Life Insurance Pay If I Die In A Hunting Accident?

Output: That is a great question ! I have no reason to believe that the insurance company would n't pay out , unless they believed there were some reason reason to believe that there was some untruthfulness involved . For example - you take the policy out in May , and have a `` hunting accident '' while hunting alone here in June . There is a very strong possibility that they will consider this suspicious , and if it is determined that the accident was actually a suicide , you could expect that it would not be paid . If the normal clause in the application refering to dangerous hobbies and occupations was merked as `` no '' by you , and it is determined that your avid lifelong hobby was hunting mountain goats and grizzly bears , I would expect some issues also . But if your demise comes as a result of a misadventure or a companion with less than stellar hunting skills , and it truly is an accident , I would expect that the company would pay as the contract requires . Be safe , and thanks for asking !


Input: Who Gets My Life Insurance?

Output: Your beneficiary is the one to whom the death benefit will be paid . This doesnt need to be a natural person and is often a trust . It is extremely important to update the beneficiary of your life insurance policy . Every day someone dies leaving a sizeable chunk of money to someone that they dont even like .


Input: Who Gets My Life Insurance?

Output: Simply stated , when you purchase and owna Life Insurance policy , you have the opportunty to name both a primary beneficiary as well as a contingient beneficiary . The primary would receive the proceeds upon your death . If for some reason the primary is unable or incapable of receiving the proceeds , the contingient beneficiary would then become the recipient .


Input: Who Gets My Life Insurance?

Output: If you own the life insurance policy that is insuring your life . the person who gets your life insurance is the person you name as beneficiary on your policy . If someone else owns your policy , they get to choose the beneficiary , although as the insured person , you most likely will have a say in that .


Input: Can I Upgrade My Health Insurance?

Output: Since there is now an Open Enrollment Period , you must wait until the next Open Enrollment to change your plan . Open enrollment for the upcoming year runs from 11/15/14 - 2/15/15 . The earliest effective date is Jan 1st , 2015 . There are a few exceptions which enable you to buy/change outside open enrollment , such as a change in income which would alter your subsidy .


Input: A Lot Of Doctors Say Medicare Is Better And Humana Won't Pay For A Lot Of Things. Is This True?

Output: Humana 's Medicare Advantage product is a Medicare HMO or Medicare Managed Care plan and I would presume you are trying to compare it to Medicare Supplement policies . In general terms , most doctors are n't thrilled with Medicare regardless if it is traditional Medicare or the new Medicare Advantage products sold by insurance carriers such as Humana or United Healthcare due to the reimbursement -LRB- payment -RRB- levels set by the government . You provide no specifics so it is impossible to give you a definitive answer . Medicare Advantage products have to cover everything Medicare covers and generally offer an even broader range of benefits to their members . However , the trade off from the consumer 's perspective with Medicare Advantage plans is that you must stay within their network of health care providers for your care to be covered . From the health care provider 's perspective they are almost certainly presented with a different payment methodology under a Medicare Advantage plan than the fee-for-service approach they have been used to and they will find their practice of medicine under greater scrutiny for the quality and effectiveness of the care they deliver . In my experience these types of physician remarks usually boil down to manner of payment and control issues . You should find a licensed health insurance agent who sells both Medicare supplements and Medicare Advantage plans who can explain the specifics of what each approach does and present each one 's advantages and disadvantages . Your doctor could be giving you good advice for your particular area or they could be expressing their own prejudices .


Input: A Lot Of Doctors Say Medicare Is Better And Humana Won't Pay For A Lot Of Things. Is This True?

Output: I do n't know what a lot of doctors think about Humana . Humana offers Medicare Advantage Plans -LRB- Part C of Medicare -RRB- . Part C allows insurance companies like Humana to provide Medicare benefits . They are managed health care plans such as HMOs and PPOs . Since they are managed care plans they have networks -LRB- doctor and hospital -RRB- where they want you to receive your medical care . Medicare Advantage Plans must offer the same benefits as Original Medicare but they do not have to cover every benefit the same way . These plans can have higher out-of-pocket costs than Medicare for some benefits and are required to limit out-of-pocket cost to no more than $ 6,700 in a calendar year . Some doctors may not like to work with Humana for their Medicare patients and would prefer to use Original Medicare plus a Supplement .


Input: Why Do People Buy Annuities?

Output: There are several reasons why you should look at annuities . Here are a few highlighted features . The tax deferral of annuities is a high value feature if the annuity owner is in a high tax bracket . The fixed rates of annuities , currently between 2.75 % and 3.00 % -LRB- rate change frequently -RRB- generally credit more than money markets or bank certificates of deposit . Lifetime annuitization can generate income for the life of the annuitant , no matter how long they live . And your tax free basis is amortized in the payout .


Input: What The Difference Between Mortgage Insurance And Homeowners Insurance?

Output: `` Mortgage Insurance '' tends to be used as a reference to Term Life Insurance that is designed to cover your mortgage principal balance should you die . The proceeds could then be used by your loved ones in order to pay off the loan and remain in your home . Homeowners Insurance is a Property and Casualty insurance contract that covers physical damage or loss to your home and personal belongings as well as liability protection for you and your family in the event that you hare held legally liable for injury or damage caused to someone else 's property .


Input: Is Life Insurance Protected From Creditors?

Output: In most cases yes , a creditor can not touch your Life insurance policy or the cash value in your policy . As long as their is a named beneficiary a Life Insurance policy will avoid probate so again , the creditor will not be able to touch the money . If the proceeds are left to the estate however , probate gets involved so the creditors may have a claim after final expenses are paid .


Input: Who Should Own My Life Insurance Policy?

Output: Life insurance is personal property . The ownership of personal property has an inherent tax potential for earnings above basis and the death proceeds in corporate business and estate scenarios . In community property states , policy ownership takes on additional considerations . In a domestic planning scenarios , some advisers recommend cross ownership between married couples . In estate planning , they recommend that an irrevocable life insurance trust own the policy . In Business scenarios , some recommend holding the policies in separate entities or secular or rabbi trusts . Once the tax exposure of ownership has been analyzed you can determine the ownership issue .