Input: How Much Disability Insurance Do You Need?

Output: There are guidelines as to how much disability insurance a person can purchase . Generallybetween60 and 80 % of earned income . I would purchase the maximum allowable . To keep the premium down you can use longer elimination periods . Determine how long you can function without the income and then purchase a policy that does n't start until the end of that period . For example , if you have enough liquid savings to pay 30 days of bills , then select a 30 day elimination period . An elimination period acts as adeductible .


Input: How Much Disability Insurance Do You Need?

Output: How much disability insurance do you need ? Well , the answer will vary depending on the individual and what they have asset and investment wise and how willing they are to liquidate those assets . As far as how much or how long or how soon is a function of looking at your situation and finding something that works for you .


Input: How Much Disability Insurance Do You Need?

Output: Disability insurance is paycheck protection , but it can also cover retirement contributions . In general terms disability benefits can generate 60 % of your earned income tax free or if your company pays for it and deducts , generate 80 % of your income , but its taxable . Then in addition to protecting your earnings , you can cover your annual contributions to your qualified retirement plan . And you should .


Input: What Kind Of Auto Insurance Does A Bus Driver Need?

Output: School bus drivers comprise an important part of my business . In the first place , insurance follows the vehicle not the driver . It is the employer , be that a school district or a commercial bus operator who will insure the vehicle not the individual driver . The policy that covers the bus is a commercial auto policy and is underwritten on a fleet basis with a list of drivers . The individual driver is not involved with that process . Bus drivers usually drive a personally owned vehicle . The requirements for obtaining insurance on that personal vehicle are the same as they are for someone who is not driving a bus . The fact that school bus drivers in particular must carefully guard their driving record to maintain their employment makes them particularly good prospects for insurance on the personal vehicles that they own and operate .


Input: What Kind Of Auto Insurance Does A Bus Driver Need?

Output: There are some statutory exemptions to the operating authority registration requirement . For example , carriers operating wholly within a commercial zone or within a 25-mile radius of an airport may not be required to obtain operating authority registration . These carriers , however , are still subject to FMCSAs safety jurisdiction and the USDOT registration requirement , in most cases . Interstate commerce generally occurs when a passenger is transported across a State boundary . In order to obtain operating authority registration , a motorcoach company must demonstrate that its operations meets the governments safety fitness standard and that the company is willing and able to comply with all applicable statutes and regulations , including regulatory insurance requirements . To obtain and retain operating authority registration , motorcoach companies must maintain and file evidence of $ 5 million in insurance coverage .


Input: When Can I Apply For Part D Medicare?

Output: In order to qualfify for Part D you must be enrolled in Part A and Part B. Therefore if you have a medicare card showing when you were approved for Medicare Part A and Part B this card is your authorization to apply for Part D. I hope you did not fail to enroll in Part D at your initial enrollment period because there is penalty for late enrollment


Input: Does Liberty Mutual Offer Life Insurance?

Output: Yes , Liberty Mutual does offer Life insurance underLiberty Life Assurance Company of Boston , a Liberty Mutual company . It 's home office is in Boston , MA and service center is in Dover , NH . Liberty Mutual offers options of Term , Whole , and Universal Life Insurance .


Input: Is Whole Life Insurance Necessary?

Output: That is an excellent question ! I guess it really comes down to what you want it for , to determine if you really need it . If you are only looking to cover a short term debt , like college , or a mortgage , then no , you really do n't need a whole life policy . If you want to ensure that you have coverage for as long as you live , with no chance of leaving your family stranded , then yes , you do . I hope that helps , thanks for asking !


Input: Is Whole Life Insurance Necessary?

Output: A whole life policy provides a level death benefit for the lifetime of the insured . The owner need only pay the guaranteed premium . If you need a level death benefit , one that will allow those you love to live their lives with dignity after your passing , and you do not anticipate that need reducing in the future , then a whole life policy was designed for you . Many people I meet would like to buy insurance but they are now too old and unable to qualify for coverage . If you think you will need it , buy it now .


Input: Does Erie Homeowners Insurance Cover Termite Damage?

Output: Homeowners Insurance in all States is designed to protect homes from covered perils which occur on a ` sudden and accidental basis ' . Termite damage does n't occur instantaneously ; it is something that deteriorates over time ; homes which are well maintained , inspected and treated against termites are highly unlikely to become infected or damaged . The same is true regarding dry rot , wet rot and slow and unrepaired water leaks . It is imperative for homes to be well maintained as homeowners insurance is not designed to provide monetary reimbursement for the ongoing upkeep and maintenance of homes ; if this were the case , premium would be much greater than what we pay today . Sudden and Accidental is true regarding any covered incident by the homeowners insurance policy ; covered perils will include for example items such as Fire , Wind , Hail , Water Damage , Burglary etc. . . Each of these items would occur suddenly and accidentally . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK It would be a good idea to obtain a copy of your State 's Homeowners Insurance Form and ask a licensed insurance representative to review the policy form for you and highlight the paragraphs most pertinent to the specific situation . Homeowners insurance coverage forms are not often updated and it may only be necessary to review the main points once to understand the purpose of the policy and coverage afforded .


Input: Can You Buy Homeowners Insurance Online?

Output: I am fairly certain that you can start the application for a homeowners policy online but you more than likely will not be able to bind coverage through the internet only . In order for a carrier to assume the risk of insuring your property they will want to ensure that the property is in an acceptable condition and that all of the information that was entered about it is correct and factual . If the carrier notices discrepancies they may alter the premium rate or decline coverage all together . It is best to contact a local agent to get homeowners coverage .


Input: Does Health Insurance Reduce Illness-Related Worker Absenteeism?

Output: Studies have indicated that employees with health insurance tend to have lower levels of absences from work due to illnesses . This is logical when you stop to think that an insured person has lower cost access to the health care system than an uninsured person does . Therefore , the insured employee is more likely to get annual physical exams , take advantage of preventive care treatment and screenings , or just do things like get a flu shot than their uninsured counterparts . These advantages extend to the employee 's insured dependents as well as parents may have to take off less to take their children or a spouse to the doctor . This is another reason that providing health insurance coverage to their employees is an advantage for employers .


Input: How Much For Permanent Life Insurance?

Output: You ask a good question , but there are too many variables that must be answered first before a reliable answer may be given . First there are a variety of types of `` permanent '' life insurance . There 's Universal Life , Variable Universal Life , Indexed Universal Life , and my personal favorite , Whole Life . -LRB- There are also other types , but you did n't add any other qualifiers so I 'm assuming you mean for an individual -RRB- . When a ` type ' is decided on then the questions are : who is to be insured ? What is their age , gender and health condition ? Do they engage in hazardous occupation or avocation ? Then how much insurance ? So in order to answer your question the parameters need to be set by the answers to these questions . Your best bet is to consult a qualified Insurance Adviser who can help you decide on the best product and the correct amount of insurance to meet your goals and needs .


Input: How Much For Permanent Life Insurance?

Output: Permanent Life Insurance is another name for Universal Life Insurance . You set the premium based on how much coverage you want and what age it is guaranteed to . Your age , health conditions , tobacco use , weight , gender , family history , etc. all affect the premium so there is no way to really answer your question .


Input: What Are Special Limits On My Homeowners Policy?

Output: When insurance carriers develop their policies for distribution they consider the types of losses and the types of property that they are including . Some property has a higher susceptibility to loss . Some property is far more likely to be lost because of its nature or character . Money is an example of property with a special limitation . Jewelry has special limitations as another example . When carriers write policies these special limits reflect a places where you may be able to buy back coverage to increase the limit . Keep this idea in mind when you review your needs . Homeowner insurance policies are based upon assumptions made about the needs of all homeowners and the understandings carriers have about the types of property and losses they are likely to incur . All policies should be thoroughly reviewed to make sure they match your needs and I especially point to terms of coverage , perils , exclusions . and limitations . So should you . Tailor your coverage as you might your suit of clothes . It will fit better .


Input: What Are Special Limits On My Homeowners Policy?

Output: Although property coverage under the homeowners form is extremely broad there are special limits to losses of certain types of property and losses under certain conditions . This is particularly true when the property is unusual . There is a special limit of coverage on sports memorabilia and collectors cards . The company will reduce the amount it will pay on this type of loss to a specified amount , usually $ 2500 . One of the problems is establishing the value of these types of items . Another problem is that the items are susceptible to theft and so coverage is routinely denied if the sports memorabilia is in transit or shipped by regular mail . That restriction is waived if they are shipped by registered mail . The company will probably not cover the loss of sports memorabilia if it is located in an unattended vehicle . Finally they will usually limit the loss of a single item . Although a homeowners policy usually provides replacement coverage for the structure of the home it is frequently subject to a special limit for the roof . This special limit affects the homeowners recovery at the time of loss to the actual cash value of the roof if it is more than a given age such as ten years . Water damage is often understood to be flood damage but there are types of water damage that can occur inside the home that are also excluded or have special limits . The first point to make is that a homeowner might think that wind-blown water is covered because wind damage is covered . This is specifically excluded in most policies . Also excluded is water or sewage which backs up through sewers or drains . Another water exclusion is water which comes from below the surface of the ground and this damage is often seen in sidewalks , driveways , foundations and swimming pools . A final point is that other materials that are carried along by water are also excluded . There are special limits that govern recovery of water damage losses if the homeowner doesnt take prompt steps to stop the damage , or waits a long time to initiate repairs . Many companies have special limit that affect certain breeds of animals . These limits apply to personal injury particularly . Specified breeds that are frequently excluded are pit bulls , Doberman pinschers , and Rottweilers . However , if the homeowner has an animal with a history of biting , losses arising from the actions of that animal can also be excluded . Regardless of breed many insurers have a special limit on the losses that they will pay for personal injury , frequently $ 25,000 per occurrence . Under some circumstances the insurance companies will allow you to purchase coverage for the items that have been excluded . A good example is the water damage caused by water from outside the plumbing system which backs up through sewers or drains . There is rarely covered if the damage is the result of negligence . My father-in-law removed a toilet . The subsequent flooding was not covered . The most frequently purchased special limit coverage is jewelry coverage . This is a complicated subject but it allows coverage for items that are more valuable than the basic homeowners policy will cover . The same sort of coverage is available for weapons , furs and other high value items which are subject to special limits .


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: An obvious reason for having life insurance is for the death benefit , which provides a replacement of your income at your death . There are also many `` living '' benefits to owning life insurance . Permanent life insurance -LRB- whole life , universal life , etc -RRB- build cash values -LRB- depending on the premium amount -RRB- that are treated in a tax favored manner .


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: There are many . As a solution to a problem that will arise when you die that money can fix . Replace your income , Pay for burial or complete the retirement plan for your spouse . Or as a solution to an inequity at your death . The house goes to your current spouse and children but your children from a previous marriage are left out . A business is left to one child and not the other . Love or Legacy . A college education for the grandchildren . A thank you to an organization that helped you when you were down . The list is endless .


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: There are only two reasons to buy life insurance . The first is that you owe money and the lender requires a policy . The second is that you love someone . There are thousands of applications of life insurance but this is the bottom line . If it isnt required or you dont love someone there isnt any reason to buy life insurance . If your death , premature or in old age , doesnt make a ripple on a pond , you dont need life insurance . However , if your death is going to cause a loss to someone you love buy all the life insurance that you can afford !


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: You are simply are getting life insurance because it is the wright thing to do . If you are married with children then you can not afford not protect your financial obligations to your family and creditors . The only scenario that I can think of where you may not need life insurance is you have at least $ 1000,000 saved , your home is paid in full , you have no other debts , you have no kids or they are grown and moved out and you have other income then and only then you may be excluded from the life insurance market . Always consult your financial adviser


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: Here are just a few reasons why you need life insurance : You own a home with your partner and have a mortgage . What will happen if you die prematurely and your partner can not afford to make the mortgage payments ? You have student loans , credit card debt or any type of debt . You have children who depend on your future income for daily living expenses and education . Funeral and burial expenses Your family would lose a loved one and have to deal with the pain of the loss . Why leave additional stress and the financial burden on family members to pay off outstanding debts .


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: One of the big ones that people do n't think about until it 's too late is to help fund your retirement . When you retire and take your pension options , you have a choice of taking a higher income based on your life only or a smaller income based on your spouse AND your lifetimes . If you have enough permenant life insurance you can take the higher income and use the life insurance to protect the spouse when you die . Of course there is always final expenses and leaving a tax-free inheritance to family members . Some people use life insurance to leave money to a charity . There are as many different reasons as there are insurance policies .


Input: What Are Some Reasons Why I Should Get Life Insurance?

Output: Life insurance offers protection , income replacement , and the chance to leave a legacy . With life insurance , you are protecting the people you care about the most . Life insurance can also protect the business you own . Life insurance can : Pay burial and other final expenses . Replace income lost due to the death of a wage earner . Pay off debt obligations such as a car loan , credit cards , etc. . Pay off or reduce a home mortgage . Establish a fund to pay for domestic services lost at the death of the primary caregiver . Create an education fund . Enhance an estate to provide for children of a prior marriage . Satisfy divorce related obligations such as alimony or child support . Create a fund to provide care for a loved one with special needs . Pay legal and administrative costs incurred at the insureds death . Provide a source of liquidity to pay state and/or federal estate taxes . Mitigate the impact taxes can have on assets owned in trust . Replace loss due to income tax on Income in Respect of Decedent -LRB- IRD -RRB- assets such as annuities , IRAs , and qualified plan assets . Diminish the impact of marital deduction limitations of a surviving resident noncitizen spouse . Increase the value of transfers of generation-skipping , annual exclusion , and exemption gift amounts . Leave a charitable legacy . Replace wealth left to a charity . Equalize inheritances between business heirs & non-business heirs . Collateralize a business loan . Fund a buy-sell agreement . Stabilize a business at the death of a key employee or owner . Offset the loss of a key employee -LRB- at death -RRB- to the business . Establish a fund to retain key employees -LRB- such as stay-bonus , SERP , deferred compensation -RRB- . Facilitate an Employee Stock Ownership Plan -LRB- ESOP -RRB- repurchase obligation .


Input: Does Home Owners Insurance Cover Electrical?

Output: Electrical wiring is not covered for wear and tear or deterioration . Electrical wiring would be covered for surging , arching that would of resulted indamageto the dwelling -LRB- structure -RRB- . I recommend you contact your local agent to discuss any specifics of a potential loss due to electrical wiring of the property .


Input: Can You Get Life Insurance While On Disability?

Output: Yes , almost everyone can get life insurance while on disability . There are simplified issue and guaranteed issue policies that do not ask whether you are on disability , thus enabling you to qualify for them . Some larger , medically underwritten policies will also approve persons on disability , provided that the reason for being disabled is not life threatening .


Input: Why Is Auto Insurance More Expensive For Males?

Output: Young male drivers , statistically , have more accidents . Then tend to be more aggressive than female drivers . Since insurance rates are based on average claim experience and statistics , young male drivers who do drive safely are penalized by having to pay higher rates in order to pay for those who are not as safe .


Input: Why Is Auto Insurance More Expensive For Males?

Output: In California males do not pay more for auto insurance than females . However , in other states that might be a rating factor . Rating factors are determined by comparing the claims of males against females . If there is a significant difference the company can approach the insurance commissioner about including gender as a rating factor . In the end it is all about numbers . It is not because insurance companies prefer women over men .


Input: Why Is Auto Insurance More Expensive For Males?

Output: That is a great question ! The thing to know about any insurance is that the costs are always based in great part on the risk of loss that the company has to shell out for . Any young or new driver will have a greater risk as they gain experience than an established driver , so the company will charge them more than the experienced driver . Young men in particular are a greater risk , and as a result , their rates are higher than most other drivers . I hope that helps , thanks for asking !


Input: How Does Short Term Disability Insurance Work?

Output: Short term disability insurance has an elimination period usually days or weeks depending on the policy . When it is medically determined by a physician that you are unable to perform your normal duties of your occupation and the elimination period is met , you are eligible to start receiving monetary benefits until such time you can return to work or reach the limit of benefits of your disability plan .


Input: How Does Short Term Disability Insurance Work?

Output: Short term disability insurance pays a percentage of your salary for a specified amount of time if you are ill or injured and can not perform the duties of your occupation . Please note , you may be required to use up your sick days -LRB- if applicable -RRB- before your short term disability coverage will start making payments . If you have short term coverage , you may want to consider supplementing it with long termdisabilityinsurance as many people who need to use their short term disability coverage will often be unable to work for longer than the short term plan allows . I hope the information is helpful - please feel free to contact me for help with your disability insurance program and if you have any other questions . Thanks very much .


Input: How Does Short Term Disability Insurance Work?

Output: The probability of a disability sometime during your working life is statistically high . Most people cant afford to pay for full coverage , so short term disability is a triage solution that can take some of the cash flow pressure off your budget during periods of disability . Some employers actually have short term disability in their group benefit plans .


Input: Why Was I Denied Life Insurance?

Output: Each company has its own underwriting guidelines to which it follows . The best and most accurate way to find out why you were denied would be to contact the company which you applied with . Reasons for declination can include current health concerns , medical history , adverse motor vehicle records , criminal records , and hazardous activities and occupations . Contact the agent who wrote your policy , or contact the company who underwrote it for details . In some cases , you may challenge the decision , or have the policy written by another company willing to take on the risk .


Input: How Much Is Hertz Car Insurance?

Output: It depends on many factors , including the vehicle you rent , for how long , where you rent the vehicle , and sometimes , your driving record . Your best way of obtaining this information is to contact Hertz directly , provide your information and they will quote you prices over the phone . Check a few more places as well .


Input: How To Buy Long Term Disability Insurance?

Output: Purchasing long term disability insurance is an excellent defensive measure against ongoing illness or injury . Long term generally means to age 65 . Selecting the elimination period based on your cash reserves with help customize your coverage . Selecting a carrier who is recognized in the insurance industry can help you focus on the policy definitions and assess the value proposition of the contract .


Input: Can Life Insurance Be Left To A Trust?

Output: Sure thing . People do it all the time . Why do they use a trust ? You certainly want to talk to an estate planning attorney about that . Get legal expert advice from a legal expert . But , I can tell you a few things as someone with many clients who have used a trust in their life insurance planning . Its a great way to keep large amounts of money out of your estate , and therefore out of the sights of the taxman . Estate tax bills can be a huge ; fortunately , legitimate legal tools such as trusts are available to minimize the bite . A number of trusts are available for use . Which one would be best , given your circumstances ? Ask your attorney . -LRB- And by the way : make sure its an attorney who specializes in estate planning . A lot of money is on the line here , and you want to make sure you get the best advice possible . Your real estate or commercial lawyer may be a good guy , but he doesnt have the specialized knowledge that an estate planning specialist has . -RRB- Remember that when you use a trust , you lose control . The trustee runs things . Thats why your choice of trustee is a key management decision . Give this a lot of thought . Ask your attorney about the legal and fiduciary responsibilities of a trustee . He or she can be liable if the policy inside the trust does not perform as outlined . This brings up the all-important function of a life insurance policy audit . On a regular basis , that policy should be reviewed to make sure it is meeting expectations . The cost , the benefit , and the guarantee period on the premium should all be verified . For example : what if a universal life product was used , but due to a price increase , the coverage will terminate 10 years earlier than scheduled ? Not a good situation . You dont want to be in a situation when the policy will have failed right when a claim is supposed to be filed . This means that your broker , your trustee , and your attorney need to buddy-up and work together to make sure your insurance trust and the policy it holds are doing their job .


Input: Can Life Insurance Be Left To A Trust?

Output: Yes , the beneficiary of life insurance can be a trust . Sometimes policy owners do not feel that the person -LRB- s -RRB- they want to receive the funds are capable of handling that money all at once . By leaving the life insurance proceeds to a trust , the death benefit can be allocated according to the policy owner 's wishes . However , leaving life insurance to a trust may open it up to estate taxes , in some states . Consult with a tax attorney to determine the best course of action .


Input: Does Home Insurance Cover Pest Control?

Output: A homeowners policy does not cover pest control . It does cover damage to your residence ; however damage from insects is specifically excluded in most policies . Where a pest issue might be covered is hidden damage to the structure . You should call your agent and discuss the matter before submitting a claim unless someone has been injured .


Input: When Was Medicare Part D Legislation Passed?

Output: June 2006 is when Medicare part D was in acted . You are REQUIRED to have a prescription plan and will pay a penalty if you do not . Advantage plans -LRB- all that I know of -RRB- come with pdp plans included while supplemental plans do not . Make sure to consult with your local Medicare specialist to understand what best fits your situation


Input: Where To Get Renters Insurance From?

Output: Youshould contact an insurance agent in orderto obtain a renters insurance policy . The agent can help you determine how much coverage you need and what the cost will be as well as answer any questions that you may have . One thing to remembe ris that if you are renting an apartmentor house , the leasing company or owner of the house may have requirements as to the minimalamount of liability coverage requiredon your policy . So be sure to check with them prior to getting the insurance policy .


Input: How To Get A Wheelchair Through Medicare?

Output: It depends on the situation . The doctor must confirm a medical need and write a prescription . Generally you must not be able to navigate without the use of a wheelchair . If Medicare finds that a wheelchair is warranted they can approve its purchase . You and your doctor must file for an approval . The company you are purchasing the equipment from can help you do the filing .


Input: How Much Is The Current Medicare Premium?

Output: The current Medicare premium for Part B is $ 104.90 / mo in 2013 , if one 's income is $ 85,000 or less . If income is between $ 85,000 and $ 107,000 , the premium is $ 146.90 / mo. . The amounts go up incrementally until the highest premium , which is for those with incomes above $ 214,000 per year . That premium is $ 335.70 / mo. . Part A does not have a premium for those who qualify for free Part A , which is almost everyone .


Input: Does Homeowners Insurance Cover Negligence?

Output: Homeowners insurance may pay your legal defense and subsequent judgment under the liability portion of the policy . Examples of coverage being provided are a -RRB- a dependent child hitting a baseball thru a neighbor 's window , b -RRB- an owned pet hurting a non-household resident or c -RRB- someone slipping on a wet floor in your home . Homeowners liability coverage can also protect you away from home , as in the case of an errant tee shot on the golf course striking and injuring someone . Definitive answers to this question are determined by the insurance company at the time ofprompt filing of a possible claim .


Input: Does Health Insurance Cover Cesarean?

Output: Do you mean a C-section to have a baby ? It depends on the coverage that you have , many major medical plans do have maternity coverage included but the only way to be sure is to call the insurance company or take a look at the summary of benefits for your plan .


Input: What Happens When You Hit A Car With No Insurance?

Output: If you hit a car and you are uninsured many states will hit you with a very large fine and possibly take your license away for up to a year . This is on top of what you will have to pay out of pocket for damages you caused . On the other hand if the car you hit is uninsured your insurance would pay for the repairs for damages you caused and the other guy gets his or her license taken away .


Input: What Happens When You Hit A Car With No Insurance?

Output: I am assuming that you hit a car while YOU do not have insurance . In which case you are going to be responsible for the injuries or damage out of your own pocket . You may also be required to prove financial responsibility by demonstrating that you now have a policy in place to continue driving


Input: What Happens When Life Insurance Policy Lapses?

Output: When a life insurance policy lapses , it means that the policy would no longer pay the death benefit if death of the insured person would occur . Policies lapse due to non-payment ; whether by accident or on purpose . When the policy lapses , there is usually a chance to reinstate it by filling out some paperwork and making up for the missed premium . However , reinstatement requires that the insured person 's health has not changed from the health rating it was when the policy was originally purchased . If unable to qualify for reinstatement a new policy will be needed .


Input: What Happens When Life Insurance Policy Lapses?

Output: The first thing to do is determine if your policy is still under the reinstatement period . If not , your coverage is terminated in the month the lapse occurred . If there are mitigating circumstances , like an admin error , you can appeal to the issuing life insurance company for a possible exception .


Input: What Happens When Life Insurance Policy Lapses?

Output: Really nothing happens when a life insurance policy lapses . That is to say the policy ends and there is no more insurance . There are a couple things that should happen = you should be notified that the policy is going to lapse and it should be explained how you can prevent that from happening . If the premiums are not paid up to keep the policy in force and it does lapse you should be notified of the provision to reinstate the policy and what steps to take and the time limit within which they must be taken .


Input: How Long Will 401K Savings Last?

Output: There are a variety of factors that impact how long 401 -LRB- k -RRB- savings will last , including : account balance , retirement age , living expenses , withdrawal rate , tax rates , charges and fees . Several investigative reports by the Employee Benefit Research Institute , 60 Minutes , Frontline , Forbes and other organizations show that most accounts run out of funds within 7-8 years , due to fees and taxes . And , if tax rates increase in the future as expected , the savings may be depleted much faster . To watch the video reports or for a detailed analysis to predict how long your savings will last go to WEBSITELINK iflretirement.com/usa-insurance-brokers


Input: What Dogs Are Not Covered Under Homeowners Insurance?

Output: Many companies put an Animal Liability Amendatory Endorsement in their homeowners policies . At least one company excludes liability coverage for incidents that result from or arise from owning a dog that is 50 % or more pit bull , Doberman pinscher , or Rottweiler . This exclusion would also apply to any dog in your care , custody or control that has a history of biting as a matter of public record or pervious claims . This endorsement can also limit the coverage for all animal bites .


Input: What Dogs Are Not Covered Under Homeowners Insurance?

Output: That really can vary by company , by breed . However , one comon thread is that if a dog has had a bite history , it is likely that coverage will not be available for you . In general , certain breeds that can be seen as mre agressive by nature tend to receive more cautious treatment by Insurance Companies . However , check with your Insurance Professional about your policy because some companies will cover these if the dog has been professionally trained by attending a certified class .


Input: Does Universal Life Insurance Have A Cash Value?

Output: Yes . Universal Life Insurance is designed to build cash value so that it will cover the cost of the insurance as you get older . In simple terms , its like owning a mobile home -LRB- which you have equity in -RRB- while renting the land underneath you -LRB- a cost that goes up over time -RRB- . The more cash you put into it , the better the chance that the policy will remain in force when you need it most -LRB- at life expectancy -RRB- . Some Universal Life Policies , like Guaranteed Death Benefit Universal Life , may not have ANY cash value though and will remain in force because of the guaranteed premiums that have been paid . In this case , the insurance carrier gives the insured the protection to a set age regardless of performance of the policy -LRB- i.e. interest credited or performance of the funds -RRB- in lieu of cash surrender value . Be careful if buying a UL policy as there are a lot of moving parts , but it can be a very useful product if you need flexible premiums and are unsure about your cash flow .


Input: Does Universal Life Insurance Have A Cash Value?

Output: Universal life insurance requires cash value to remain in force . The annual cost for protection increases each year as you age . Without cash value there wouldnt be any way to pay those increasing expenses . Because of its flexible nature and hoped-for better returns , some have callously thought that they can keep a universal life policy going at a relatively low premium . They are often faced with enormous increases required in order to keep coverage in place .


Input: Does Universal Life Insurance Have A Cash Value?

Output: Guaranteed Universal Life has minimal cash value because it is designed to provide the lowest possible price on guaranteed lifetime coverage . Indexed Universal Life , on the other hand , is designed to provide possible large amounts of cash value . It does this by allowing policy owners to tie accumulation values to a stock market index . IUL can participate in the upside of the market without downside risk .


Input: Does Universal Life Insurance Have A Cash Value?

Output: Universal Life has three basic components : 1 -RRB- Insurance -LRB- protection -RRB- , 2 -RRB- Savings -LRB- accumulation -RRB- and 3 -RRB- Expense -LRB- loading -RRB- . Premiums cover the cost of insurance and expenses with the remainder going to the savings or cash value . This cash value -LRB- if any -RRB- can also grow by the interest rate credited to the policy .


Input: Does Universal Life Insurance Have A Cash Value?

Output: Yes . Universal life builds cash value that can grow based on a stated fixed interest rate , which may vary over time , but which will never be less than a guaranteed minimum interest rate . Policy costs for administrative expenses and cost of insurance are deducted from the cash value monthly . Universal life is best suited to satisfy the longer-term needs of policy-owners who want premium flexibility and cash value accumulations that reflect current fixed interest rate returns , with a guaranteed minimum interest rate . Some Universal Life policies are designed to have very little or no cash value . Called Guaranteed Universal Life , these policies are designed to not lapse even if the cash value goes to zero due to a secondary guarantee of the death benefit for periods up to lifetime .


Input: Does Universal Life Insurance Have A Cash Value?

Output: Yes , universal life does generate a cash value over time . These values can be used for many purposes the insured has in mind . These cash values also support the cost of insurance charged each month so care should be taken in the management of your cash values . Withdraw too much value and you can possibly put the policy at risk because there is n't enough between the outside premium and the inside cash value to support the cost of insurance . This is a common problem with a lot of universal life policies . If a person decides a universal life policy is what works for them , they should realize they need to pay attention to the policy .


Input: Can You Be Denied Group Health Insurance?

Output: In South Carolina and most other states , Group Health Insurance is `` guaranteed issue '' and applicants can not be denied coverage . However , if an applicant has not had creditable coverage in the preceding 63 days , an insurer may deny coverage for pre-existing conditions for up to 6 months . Of course , in order to qualify , you must be an employee of a legal company in the state in which you seek insurance . The number of employees required to form a group may vary by state . In South Carolina , 2 employees are required to form a group .


Input: Where Do I Buy Life Insurance?

Output: You can buy life insurance online , by mail , or by meeting with an agent at their office or your home . Life insurance policies that are purchased without any contact with an agent are usually simplified issue policies . They generally are for smaller face amounts and do not require an exam . While the transaction can be simple , it takes a pretty insurance savvy person to read and understand all the fine print . Thus , it is easy to get declined , or not get the price or policy you were seeking . I recommend calling an agency that carries both simplified and fully underwritten policies , so that you can ask questions and will be given an accurate description of each type of policy before you make your decision . Most types of life insurance can be purchased online or by meeting with an agent face to face . Looking at testimonials and checking Better Business Bureau ratings can be helpful in determining which agency you want to patronize . Reading answers from different agents on this website is also a good way to `` meet '' us and decide for yourself who appears to be knowledgeable and trustworthy .


Input: Where Do I Buy Life Insurance?

Output: That is a great question ! There are a million and one places to get a life insurance policy . You probably will get a million and one advertisements for agents now that you 've asked ! I firmly believe that while the internet is a great place for buying some things , life insurance is not one of them . There are too many things that can go unexplained , and prove costly one day , and that is the last thing that you want . Ask around among your friends , and see who they use , and if they are satisfied . Look to see if your auto insurance company offers life insurance - if so , often they will give discounts if you have several policies with them . Either way , use an agent that is knowledgeable , and takes the time to explain things to you . I 'm happy to help in any way I can . Thanks for asking !


Input: Where Do I Buy Life Insurance?

Output: There are several sources from which you could purchase life insurance . However , life insurance is a very personal matter . You will probably be more satisfied if you deal with a trusted insurance agent . If you dont already have such an agent , your friends , colleagues and neighbors can probably recommend someone to you . The agent should listen to you , provide sound financial advice and communicate clearly with you and the insurance company .


Input: Where Do I Buy Life Insurance?

Output: There 's hundreds and hundreds of insurance companies out there . The best way to buy life insurance is through a life insurance broker . You can also buy life insurance online or through the mail , but a broker is going to be your best resource . The process of buying coverage can be very intensive , strenous , and time consuming . You ideally only want to go through the application and underwriting process once . Trying to apply to multiple companies to see what sticks actually works against you . There 's many factors that affect what a person will pay for their life insurance coverage including their age , gender , amount of coverage they want , how long they want the coverage for , their risk classification , and whether they 're applying with full underwriting or non-medical term coverage . Non-med policies may seem easier to deal with and have less hassle , but you 're usually paying a substantially higher amount than necessary if you had applied for a fully underwritten policy with an exam . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy - I ca n't stress this enough . The risk class depends on a number of factors including whether you 're male or female , your medical history , prescriptions you take , your height/weight profile , any tobacco usage , family medical history , and other factors . Please keep in mind - every carrier has different underwriting guidelines , 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- . If you 're looking for coverage to be in place for a longer amount of time -LRB- e.g. 20 years , 30 years , or permanent coverage -RRB- , you also want to consider the insurance company 's financial rating -LRB- typically at least an A rated company -RRB- . The financial rating indicates a company 's financial strength and stability . I hope the information is helpful - please feel free to contact me for further assistance and if you have any other questions . Thanks very much .


Input: Who Pays After Medicare?

Output: You do , unless you have a Medicare Supplement Plan . Medicare Part A & Part B only covers about 80 % of the costs of care . This leaves you with the remaining 20 % with an unlimited exposure . A Medicare Supplement Plan is designed to cover what Part A & B does not cover . For example , if you have Medicare Supplement Plan F , you would have no deductible , coinsurance or co-pays outside of the monthly premium .


Input: Does Medicare Cover Lucentis?

Output: Yes , Medicare does cover Lucentis . While there is debate over which drug is better for treating age related macular degneration , Lucentis or Avastin , Lucentis was approved by the FDA and is the one Medicare reimburses . However , the cost for Avastin is so low compared to Lucentis , that it often costs the patient less to pay for Avastin treatments out of pocket , vs paying the high co-pay for Lucentis injections .


Input: Is Medicare Advantage Affected By Obamacare?

Output: President Obama has said many times that he wants to end or reduce Medicare Advantage . He does not believe that for profit insurance companies should be competing with original Medicare with taxpayer money . Part of the funding for the Affordable Care Act -LRB- aka : Obamacare -RRB- is coming from cuts to the funding for Medicare Part C -LRB- Medicare Advantage . -RRB- It is expected that these cuts will increase premiums and reduce benefits for the people on Medicare Advantage and cause many of them to move back to original Medicare . Only time will tell .


Input: What Is The Average Cost Of Home Insurance Per Year?

Output: Homeowners Insurance rates can very by state , location within that state , size of home or even amount on your loan . Also any past experiences such as prior home-ownership or prior claims can all contribute to homeowners insurance rates . With that being said it is impossible to throw out a random number to give you an average . I recommend you ca n't a local independent agent who can help you navigate the waters of homeowners insurance .


Input: What Is The Average Cost Of Home Insurance Per Year?

Output: There are many factors in determining your rates . From the age of your home the state and how far you are from the fire department and what your home is made of . Your credit can play factor also . Is it a full replacement cost policy or an actual cash policy . They key is to make sure that you are properly covered . To give you and example in Montana I have insured a 390K valued hand hewn log home for as little as 900 a year and a stick frame home work 150K for 500 a year both replacement cost and 500 Deductible . But unless you can provide more information it would be VERY difficult to even attempt to tell you how much insurance should be . contact a local agent they should be able to compare rates for you . I would not suggest purchasing just online unless you are familiar with insurance you could be purchasing something and not be covered properly .


Input: How Does Cobra Health Insurance Work?

Output: COBRA health insurance is simply an extension and continuation of your prior employers group health insurance plan . The employer group health plan includes active employees and those on COBRA . If your employer group health insurance plan changes , you will be afforded the same options . Each covered participant family member has COBRA rights independent of the others .


Input: How Does Cobra Health Insurance Work?

Output: Cobra continuation allows an ex employee and family members to have anywhere from 18-36 months continued coverage depending on certain qualifying conditions . The ex employee will pay 100 % of the premium cost PLUS up to 2 % in a handling fee to either the old companys HR department or to the Cobra coverage provider .


Input: Why Is Car Insurance More For Unemployed?

Output: There are two reasons why unemployed people may pay more for auto insurance : persistency , and claims . Issuing policies to new customers is costly . Agent commissions are heavily front loaded , and the company has to carry marketing and underwriting costs on new policies . Policies that stay on the books longer are more profitable than those that lapse shortly after being issued . People who are unemployed tend to have shorter persistency rates due to a lack of income . Many people become unemployed through no fault of their own , while others are chronically out of work for a reason . People with mental ilnesses and/or substance abuse problems often have a hard time staying employed . This population is also more likely to be involved in an auto accident . Sometimes those temporarily out of work get lumped into this category .


Input: Why Is Car Insurance More For Unemployed?

Output: Great question ! All insurances work off of assumed risk . The higher the risk , the more expensive the rates . The insurance companies use a variety of statistical information to determine the levels of risk . They also make some assumptions that may or may not be true to you personally , but tend to hold true over the general population of the group . For example , the assumption is that if you smoke , your health risks are higher . The mortality statistics bear that out , as do statistics on cancer , and smoking related diseases . Therefore , life insurance rates are higher for smokers . The risk for someone unemployed is similarly higher than someone with employment . Someone who is unemployed will have a harder time making their premium payment , and the risk for the company to lose money is higher . They are going to try to minimize that risk by charging enough to quickly cover their costs . I hope that answers your question , if you would like to discuss it further , please contact me , I 'm happy to help . Thanks for asking !


Input: How Do I Plan For Retirement?

Output: Start planning early . Set aside funds in a combination of investments and insurance . The younger you start the greater your chances of accumulating retirement funds . Take into consideration projected Social Security income but do not rely on it to be your only source of retirement . A lot depends on your individual circumstances . Sit down with a good retirement planner and put together a plan that meets your individual situation .


Input: How Do I Plan For Retirement?

Output: Looking to the government is not a plan . Keep in mind that Social Security is more than likely going to change and more than likely not for the better . The day you start earning a living is the day to start saving for retirement and for everyone else , today is the day with no further delay . Most Americans will experience longer living than previous generations . Over the years inflation has eroded purchasing power . The attempt to maintain current the lifestyle generally fails and a lower expectation of retirement ensures .


Input: What Are Purchased Life Annuities?

Output: That is a great question ! And it has a very simple answer - A purchased annuity is one that you have used your own money to purchase , apart from a retirement plan through an employer or other organization . The annuity you purchase is through an insurance agent or broker in the open market , and was not acquired as part of a pension or retirement plan . I hope that helps , thanks for asking !


Input: Does Homeowners Insurance Cover Dog Attacks On Other Dogs?

Output: The homeowners policy has an entire section devoted to liability coverage . Among those covered are pets that are under your control . The company may have an endorsement that severely limits the liability for damage caused by dogs , and may even exclude dogs of certain breeds or temperaments . If you are threatened with litigation contact your insurance company .


Input: Does Auto Insurance Cover DUI Accidents?

Output: Yes , you will be covered however do not be surprised if you premium goes up at renewal or you get a non-renewal notice . Sorry to be a bearer of bad tidings but all companies look at DUI 's as a serious matter , especially if an accident is involved . How much it goes up could also hing on the seriousness of the accident .


Input: What Is The Average Cost For A Medicare F Supplement?

Output: Average costs are almost immaterial . Location , age , gender and tobacco use are the determining factors . Note that the cheapest rates are not always the best choice . Many insurers purchase sell the products through companies which had been inactive . They sell through these companies for a couple of years , then they close the companies to new business . Rates in the closed companies increase while lower rates in the new companies attract younger , perhaps healthier , insureds . So also of importance is how long has the company been selling Medicare Supplements , and what are their renewal rates like . In my area , the monthly rate for a 65 yo male with a Plan F with a major company , everyone knows the name , is almost $ 260/mo It 's new company sells the same plan for $ 140 . mo. . You can expect the rates with this company to rise dramatically in just a few years . Some insurers increase rates by 10-15 % / year , others by 3 or 4 % . If you remain healthy , you can switch insurers . If you do n't , you are stuck .


Input: What Is The Average Cost For A Medicare F Supplement?

Output: Unfortunately there is no simple answer to your question . Medicare supplement policy costs vary based upon a person 's age , sex , geographic location , and the particular insurance company whose policy you may be considering just to name the major variables involved . So , assuming you are getting ready to turn age 65 the cost of a Plan F policy could vary by more than $ 100 per month just depending upon the insurance carriers selling policies in your local area . Trying to compare costs for a Plan F policy between a states , for example the difference between a Plan F in Mississippi and a Plan F in New York could be even more radically different . Seek out a qualified health insurance agent who can quote multiple Medicare Supplement carriers and have them show you quotes from the carriers available in your local area . You will be surprised at how much of a variance in premium there can be between insurance carriers offering the same coverage .


Input: What Is The Average Cost For A Medicare F Supplement?

Output: Great question . I ca n't really give a number to say is the average cost of a Medicare Supplement Plan F because the price of a policy depends on several factors - your age , your gender , your zip code , and whether you use tobacco products . Each carrier also charges a different rate even though the coverage is exactly the same for Medicare Supplement Plan F -LRB- Medicare Supplement plans are standardized -RRB- . Typically you can figure the price range to be somewhere around $ 120 - $ 150 per month for the lowest cost option in a given zip code if you 're a male in your 60 's - a female in her 60 's may be in the range of $ 80 - $ 120 per month . Someone in their 70s or 80s is probably going to be in the neighborhood of $ 200 + per month . An example regarding the zip code aspect , a 65 year old male in the Washington DC area -LRB- let 's assume zip code 20016 -RRB- would be $ 127 per month with United Healthcare - a 65 year old male in Houston , Texas -LRB- let 's assume zip code 77071 -RRB- would be $ 149 per month with United Healthcare . An example regarding my note about the carriers charging different rates for the same exact Medicare Supplement plan -LRB- using the 20016 zip code again -RRB- - United Healthcare charges $ 127 per month for a 65 year old male whereas Mutual of Omaha charges $ 194 per month for the exact same plan for the 65 year old male -LRB- no differences between the two carriers ' Medicare Supplement plan benefits -RRB- . Some areas United Healthcare may be cheaper than Mutual of Omaha in and vice versa in other areas as well as other insurance companies . There are multiple options to choose from and you ideally want to secure the coverage with the lowest possible cost . Why pay more with one company than another for the same exact policy and benefits ? To determine what the costs are you 're looking at for yourself specifically , I would need to know your age , gender , zip code , and whether you use any tobacco products - I would then be able to generate the quotes for you accordingly . I would also consider looking at the rates for a Medicare Supplement plan G. It 's exactly the same plan as plan F , but does n't cover the Medicare Part B deductible which is only $ 147 in 2015 . So if the difference in premiums is $ 20 - $ 30 + per month , plan G can offer you substantial savings . Think `` how much extra are you spending to protect against a risk of $ 147 ? '' If the difference in premiums is $ 30 per month between the lowest cost option for plan F and the lowest cost option for plan G , that would mean you would be spending $ 360 per year to protect against a risk of $ 147 . In that example , plan G would be more cost advantageous to you . I hope the information is helpful - please feel free to give me a call or send me an e-mail by clicking on the contact me button to discuss your coverage options in further detail and to go over any other questions you may have . Thanks very much .


Input: How Do Annuities Pay Out?

Output: It depends on which tax deferred annuity you choose and their crediting methods : interest rate crediting , indexed crediting and separate sub account crediting . Historical returns are no guarantee of future performance , but each crediting method over long periods of time has made money . Keep in mind that indexed annuities may credited zero and variable annuities separate sub accounts can lose money like any security product . You can also select distribution options like 10 or 20 years certain , even life only .


Input: How Do Annuities Pay Out?

Output: Immediate annuities pay out a guaranteed income stream in exchange for a lump sum of premium . Th payment can be level or increasing for a fixed number of years or for your lifetime . Life annuities can also be joint life , paying as long is one ia alive . Life annuities can also be issued with or without a minimum guaranteed payout . There are many different payout options available to suit your individual needs . If you have any further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Happens To Car Insurance When Someone Dies?

Output: That is a great question ! A lot of the answer can be found in a section of your policy called the `` statement of benefits '' . That is where your policy will spell out the specifics of who , if anyone can drive the car , and for how long . Generally if it is a spouse , and both are named on the policy , then the deceased spouse is removed , and the policy carries on with the surviving spouse . If there is an executor of the estate , and the deceased was the one insured , the policymay allow the executor limited use of the vehicle for a short time until the estate is settled . If there is no executor , and no one else was named as permitted to drive the vehicle , it ends with the deceased . Thanks for asking !


Input: Does The Federal Government Have Disability Insurance?

Output: Yes , the federal government has disability insurance called Social Security Disability Insurance . You pay into it when you pay your Social Security taxes . If you are 31 or older , you must have worked at least 5 of the last 10 years to qualify for SSDI benefits . If younger , the requirement is lower . You must also be determined medically disabled .


Input: Will Medicare Pay For A Nebulizer?

Output: Yes in most cases . As long as it is a medical necessity and prescribed by a doctor these will usually be covered as durable medical equipment under Part B of Medicare . The drug used in the nebulizer will most likely be covered under your prescription drug plan .


Input: Can I Get A Loan On My Life Insurance?

Output: You can borrow from cash value life insurance within the limits of their policy provisions . There are policy loan charges that can range from zero net cost loans to direct recognition loans , i.e. up to 350 , sometimes 400 basis points . Other policy loan provisions include wash loans , spread loans and participation loans depending on what type of permanent cash value life insurance you own . There may be tax consequences if you surrender or lapse the policy with gain in the contract .


Input: Why Buy Key Man Life Insurance?

Output: The reason businesses buy key man life insurance is to help the business survive when a key principal or employee dies . Even if the business must be closed due to the death of that employee , the death benefit paid out by a key man life insurance policy can help pay the business close in an orderly fashion , rather than file bankruptcy .


Input: Why Buy Key Man Life Insurance?

Output: Most companies have at least one person -LRB- e.g. the owner of the company -RRB- who 's loss can have a substantial impact on the business ' revenue . Upon this `` key-person 's '' death , someone else must be hired to carry on the same tasks performed earlier . Many company owners therefore insist on buying life insurance coverage to minimize the risk , and many lenders require that the business carry life insurance on the key person to protect their loans and investments in the company . The business would generally own the policy , pay the premiums , and be the beneficiary . Key person policies are often used to support a buy-sell agreement between business partners with the proceeds structured to purchase the deceased partner 's shares or interests in the company - the agreement would typically mandate that the deceased partner 's estate sell it 's stock to the remaining partners/shareholders and that the partners/shareholders purchase the interest for a specified price -LRB- theprice should help establish the value of the business for estate planning purposes -RRB- .


Input: Why Buy Key Man Life Insurance?

Output: A Key Man or Key Person is an asset to your business . If loss of an asset would impact profit then you have a decision to make . Do I cover the potential loss myself or pass of the risk to an insurance company . It is as simple and as complicated as that . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Should I Know About Annuities?

Output: Non-qualified deferred annuities accumulate tax deferred . If you annuitize your annuity for lifetime income you cant out live , the basis is paid over your life expectancy tax free as part of the payment until its exhausted . Mortality credits are added to the interest rate crediting a stream of income that can be competitive with other interest bearing accounts .


Input: Where Can I Buy Term Life Insurance?

Output: I agree with everything above . Also , I would like to add that going directly to an agent has many benefits . When you look at example rates online , you never know what you 're looking at . It may require annual payments , it may not include any policy fee , etc. . In addition , if you have any medical history and you apply to a company that declines you , the repercussions could go much farther than just one application . Speaking with an experienced agent will help to avoid any surprises and potential hassle down the road .


Input: Where Can I Buy Term Life Insurance?

Output: You can buy Term Life Insurance from almost any life insurance agency . To find one that you can trust , you can go to the internet to read their testimonials , whether they have a lot of complaints , if they are part of the Better Business Bureau , etc. . This website has answers by many agents , and it is pretty easy to tell by our answers if we are knowledgeable and helpful . Term Life is not a complicated product , and as long as you buy it from an ethical agent and highly rated carrier , you should be OK .


Input: How do I know when my car accident claim is complete?

Output: You will receive a final letter when the claim is finally closed . What it sounds like is you carried low limits of liability and property damage and did n't have enough insurance to cover all the damages you are responsible for . At this point Geico will pay out to your limit and the other parties polices should pick up the gap under their under-insured motorist . -LRB- if the other parties had uninsured motorist coverage -RRB- It is possible the other parties insurance companies may come back after you personally for the gap or they may just write it off . Or if the other parties did not have coverage under their own insurance they could also come back after you as well . You will have to wait and see . Usually in these situations it takes a little while to figure out who is paying who so give it time . You will be notified .


Input: Does Life Insurance Really Work?

Output: Yes . And has worked in the United States for more than two centuries . It is rare for a company to deny a claim and very rare for a company to deny a claim outside the contestable period . Contestability varies by state . In California and most of the states that I am licensed in it is two years .


Input: Does Life Insurance Really Work?

Output: A life insurance policy is a very simple contract . The company pays your beneficiary when you die and you pay the premiums . There is a very small number of exceptions such as suicide , and misrepresentation . It is a closely supervised contract in every state and it has an enviable track record of paying in full , on time .


Input: Does Life Insurance Really Work?

Output: By really work , I assume you mean does it pay a death claim when you die ? Yes . It does . There are many different kinds of life insurance . It 's not a lottery ticket . Term policies pay out if you die within a certain term and the coverage is in force . You can renew them but at a MUCH higher rate . Whole-Life costs more initially but is designed to always be in force .


Input: Does Life Insurance Really Work?

Output: Life insurance works so very well that it is one of the few products the federal government does not allow you to overfund without penalty . That 's correct , the government changes the tax status of life insurance if too much money is placed into a policy because of the many tax advantages it provides . If it did n't work would the government limit it in such a way ?


Input: Can The IRS Take Life Insurance Payout?

Output: If the insured person leaves their death benefit to a person as beneficiary on their policy , the IRS can not generally take the life insurance proceeds away from that person . If the beneficiary shared in the obligation to the government -LRB- e.g. was joint signer on tax returns and there were unpaid back taxes at the time of death of the Insured -RRB- , then the IRS might go after those funds .


Input: When Can I Change My Auto Insurance?

Output: You can change auto insurance anytime . If you change policies before your policy renews you will get back any unearned premium in most cases . Some companies short rate , meaning they may not give back all of your money , but this is not common anymore , at least with the companies I am familiar with .


Input: Where To Send Claim For Disability Insurance Benefits?

Output: If you are currently covered by a disability insurance plan either long or short term call them first . You will need a claims form and the proper documentation from your physician defining your disability . The physicians office will have that form . If you are not covered by disability insurance whether individual or group and you have a claim for disability insurance through the Social Security Administration then go to WEBSITELINK and follow those steps . Good luck !


Input: Where To Send Claim For Disability Insurance Benefits?

Output: Where to send a claim for disability insurance benefits ? Well , the first to do would be to contact the insurance company your policy is with . They will send you paperwork to complete and return to them so the process can begin . If you are talking about a state insurance claim -LRB- workers comp -RRB- you would contact your states office that handles that type of coverage .


Input: Does Health Insurance Cover Epidural?

Output: For contracts issued on or after January 1 , 2014 I would say the answer is `` Yes '' for all health insurance policies as long as the Epidural was a part of an approved medical procedure . And , I would be comfortable in saying an epidural would be covered when medically necessary under health policies issued before then , with the one possible glaring omissionpossibly being associated with maternity coverage in the individual marketplace in the past . There are probably some people out there with grandfathered individual health insurance policies that did not cover maternity . In the context of an older , grandfathered policy still in effect then for someone giving birth , where epidurals are not anuncommon part of the procedure , that would be a situation where an epidural would not be covered due to a specific exclusion allowed when the policy was issued . Epidurals are also performed in other surgical and/or treatment settings than just maternity and so may show up in a variety of claim situations . But an Epidural is generally performed as a requirement to perform some procedure and is usually bundled with the charges from that event .


Input: Where Is The Best Place To Buy Term Life Insurance?

Output: Term Life Insurance is the least complicated policy you can buy . Therefore , as long as you go with a highly rated company that has good guarantees , you can buy Term Life Insurance anywhere you want . It is best to go with an agency that you can trust to put you with the best company for your health , who will keep you in the loop during underwriting , and who will go to bat for you so that you get the policy that you want .


Input: Where Is The Best Place To Buy Term Life Insurance?

Output: The where/who question is a great one !! Our belief at ' I Hate Buying Insurance ' is the UNDERWRITING is the tail that wags the dog -LRB- one of my fav southern sayings -RRB- . There are hundreds of options across the country for Term Life . Each carrier has a different underwriting appetite . Do you have 5 - 10 extra pounds to shed ? That will be a factor between when determining what health tier you qualify for . Most carrier have 4 tiers & are commonly called Standard , Standard Plus , Preferred , and Preferred Plus . Most life insurance shoppers understand that health plays a huge role in determining the `` rate '' you qualify for . Yet lifestyle , occupation , hobbies , family health history , & more play into the rate you qualify for . A top agency will work with dozens of carriers . What name , mascot , or even financial rating -LRB- do n't sweat A - vs. A + + -RRB- are all secondary to getting the best underwriting for your specific needs . One carrier may offer you Standard while a Preferred is available at a second . Another thing to consider as of this writing is a new generation of Term Life called `` Living Benefits Life '' -LRB- LBL -RRB- You DO N'T have to die to use you `` life '' insurance anymore . Several carriers offer the ability to accelerate when diagnosed with a range of Critical or Chronic Illnesses . Just think of it as accessing the bank vault early . If you were diagnosed with invasive cancer , would n't it be to get a large sum of cash to help pay for deductibles , time away from work , home health care , & travel to the hospital you need that is in a different state ? LBL life might just do all that for you My suggestion for shopping Term Life plans : 1 . If the agent or dot.com you call doesnt ask A LOT of questions about health , history , & lifestyle , RUN . All theyre doing is guessing . Accurate rates do NOT come from age , height/weight , & current tobacco use . The agent needs to interview you so youre matched with the right carrier . 2 . Dont be afraid to ask the agent , What underwriting factors lead you to this option vs. any other carrier ? 3 . See if the agent offers you a LBL option . IF NOT , it is my strong opinion that her/she is NOT on top of current trends . If an agent or dot.com is doing what is best for you , several ideas/options should be explored . If you have any questions or comments , reach out to us !


Input: When Does Medicare Advantage Go Away?

Output: Medicare Advantage is not going away . There may be some changes to the plans and some of the smaller carriers may be absorbed by larger ones , but I see no real danger at this point , despite what some are trying to say . Seniors want Medicare Advantage because it works for them .


Input: Does Renters Insurance Cover Fire?

Output: Fire is the most basic protection offered by a Tenants policy . Most policies today are written on an all-risk form and include fire . In the case of a tenants policy the coverage extends to your personal property and property under your care . There are property losses even from fire which are excluded or limited by the policy so be sure you read those provisions as well . For example the company might not replace your pet goldfish , or your business computer .


Input: Why Buy A Variable Annuity?

Output: A variable annuity allows a person to have the advantages of an annuity , lifetime income , estate planning etc. while retaining the ability to direct the investments that form the value of the annuity . In a variable annuity the owner has the right to allocate contributions into various funds by personal preference . The owner also frequently has the right to shift funds from time to time with all of the money remaining in a tax deferred policy .


Input: How To Setup A Personal Retirement Plan?

Output: How to set up a personal retirement plan is a process . First start with the end in mind determine what retirement success would look like for you . Once you have an idea then you can determine what it would take to fund it . Retirement planning can be complex as there are many factors to consider and it is easy to put it aside for another day . The saying the journey of a thousand miles begins with the first step is applicable here - start saving a regular percent of your earnings today . Let the power of compound interest work for you . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: How To Setup A Personal Retirement Plan?

Output: Setting up a personal retirement plan first starts with your frame of mind . Are you committed to following a plan , as close as possible , to get to your end goal ? If you answer yes , then you are ready to move forward . First , grab all your different accounts which you have monies in . This will include your checking & saving , and money market accounts and retirement accounts including IRA 's & your 401 -LRB- k -RRB- if you have it through your employment . If you do n't have these type of accounts , it is ok . You just need to know where you are to start . The idea is to figure out how much you can start to realistically set aside every month or year . Then start to do this and stick with it . Once you get this habit established , you will need to know how much you need to retire . This number can be humbling however do not let it get you down . You have to have a goal to get to . At this point , I would recommend sitting down with a professional who can help you make some wise choices as there are several vehicles available but are not all created the same . Working with someone can and will help you to stay accountable to yourself striving to reach your end goal . Reach out to me if you have any additional questions .


Input: Who Is The Best Insurance Company For Homeowners?

Output: The best insurance company is the one insuring you when you have a claim . The best policy is one with limits adequate to deal with your needs . Price becomes immaterial if the coverage is inadequate . Companies are regulated by your state insurance commissioner who has your interests as his responsibility . Find an agent who will listen and then design a plan that meets your needs .


Input: What Does Life Insurance Portability Mean?

Output: A good question ! Portability in insurance is similar to portability regarding anything else . For example a portable radio is one that you can take with you to the beach or a friends house . The question of portability regarding insurance usually comes up when discussing employer sponsored insurance . In many if not most cases insurance that is purchased through an employer sponsored group plan is NOT portable . That is if you leave the company your insurance terminates . Some products such as Aflac supplemental health insurance ARE portable even when purchased through your employer on a payroll deduction . There are some employer sponsored life insurance plans that are portable , so you should ask your employer or the HR department what yours is .


Input: What Does Life Insurance Portability Mean?

Output: Life insurance portability means that you can take your policy with you when you leave your job , or you can keep your insurance if your business closes . If your group life insurance has the option for supplemental insurance that you are paying yourself , you may be able to keep the supplemental part and just continue paying the same premium . Otherwise , you may be able to convert your group coverage to a permanent policy that is individually owned by you . However , it is done , life insurance portability is a great feature to have in group life insurance .


Input: What Is Best Medigap Or Medicare Advantage?

Output: Their are money good companies . I prefer to go with the big one such as united health care and sponsor of AARP . Cigna Insurance , Humana . You must check their ratings and also their claim processing procedure . free advice.com rates many of the Medigap companies . Rating the claim speed for its customers .


Input: Do You Need Medigap With Medicare Advantage?

Output: When you have a Medicare Advantage plan you do n't need any form of supplemental insurance plan . The Medicare Advantage plan is all inclusive , albeit with a lot of out of pocket expenses if your health takes a turn for the worse . Sometimes unscrupulous agents will try to convince you to buy a Medigap plan , hospital indemnity plan , or cancer plan to fill the holes in your Advantage plan . If you feel like you need another insurance policy to fill the gaps you would be better off dropping the Advantage plan and switching to a Medigap policy .


Input: Do You Need Medigap With Medicare Advantage?

Output: No . If you are on Medicare part C -LRB- Medicare Advantage -RRB- your Medicare Supplement will not pay anything at all . Medicare Supplements -LRB- aka : Medigap plan -RRB- are designed to pay the cc-pays and deductibles after Medicare A&B . When you are on Medicare Advantage , Parts Aabd B do not pay anything . Your supplement would be useless .


Input: How Do You Determine Cash Value Of Term Life Insurance Policy?

Output: The only type of term insurance that has a cash value is ROP Term . This stands for Return of Premium Term . About halfway through the term , it will pay back some cash if you surrender the policy . At the end of the term , it will pay back all the premiums you paid in . Keep in mind that the cash value of ROP term is not able to accessed unless you surrender the policy .


Input: How Do You Determine Cash Value Of Term Life Insurance Policy?

Output: Is this a trick question ? Term life insurance does not have cash value . Term policies pay a death benefit when the insured passes away while the policy is in force . You ca n't cash in the policy and get your money back , or get a policy loan . Whole life and universal life are examples of permanent coverage that has cash value . Your monthly premiums are often much higher to fund the cash accumulation .


Input: How Do You Determine Cash Value Of Term Life Insurance Policy?

Output: Term life insurance does not build cash value , so the answer would always be $ 0 . Only permanent life insurance policies build cash value -LRB- universal life and whole life insurance -RRB- . If you have a permanent policy , you can determine the cash value in it by contacting your agent or the carrier directly . You should also be receiving an annual statement illustrating the policies current cash value . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Do You Determine Cash Value Of Term Life Insurance Policy?

Output: There are a few term policies that have cash value . If the policy has cash value , it will be stated in the policy under non-forfeiture provisions . Generally , if there is cash value it will not be very much . Sometimes the cash value in a term policy is not available until a certain period of time has passed .


Input: What Is The Difference Between A Qualified And Nonqualified Retirement Plan?

Output: A qualified plan is generally a government approved define benefit or defined contribution retirement plan . It is generally has a pretax or tax deductible privilege for the plan participant and accumulates tax deferred . Non-qualified plans are not tax deductible , but do accumulate tax deferred with annuities and/or life insurance .


Input: How Many Annuities Can I Have?

Output: The simple answer is yes with this short caveat to follow : A tax deferred annuity is a mortality insurance product . Each annuity company has limitations on the guaranteed death benefit risk theyre willing to underwrite . So , several companies could each issue policies up to risk limitations on one life .


Input: Do Car Insurance Companies Charge More If You Have Kids?

Output: In California there are a limited number of rating factors and the number of children isnt a rating factor . In California rating is based upon the age , experience and driving record of all the drivers in the household . It takes into consideration the year make and model of the vehicle and the number of miles the vehicle will be used in a year . Lastly it considers where the vehicle is located .


Input: What Is Best Student Home Contents Insurance?

Output: Check with your Insurance Professional , but it may very well be that your stude n't personal property while in the dorm or with them at school would be covered under your Homeowners Insurance policy . Most policies provide for a percentage of personal property coverage while away from home , usually 10 % of the current stated amount and of course subject to your property deductible . So check it out , you may not need to buy anything additional . On the other hand , if your student is living off campus in a rental , they may be required by the landlord to have a Renters Insurance policy . In a case like that , again , check with your Insurance Professional about your options .


Input: Medigap Plan F may not cover catastrophic illness?

Output: Who told you that ? Medigap plan F is the most comprehensive of all of the Medicare supplement plans . Plan F covers 100 % of approved Medicare Part A and Part B charges , including any excess charges . Any Part A or Part B claim approved by Medicare will be paid by your Medigap plan .


Input: Can You Borrow From Your Whole Life Insurance Policy?

Output: Typically yes you can borrow from a whole life policy if the conditions are right . First locate your policy and find the illustrations page . This is a chart of cash values at different years in the policy . Depending on the time the policy has been in force , this will give you an idea of how much you may borrow and the interest rate you are charged until repayment .


Input: Can You Borrow From Your Whole Life Insurance Policy?

Output: That is a great question ! Being able to borrow from your policy is one of the best reasons to have a whole life policy . It is a great way to get money no questions asked when you need it ... That said , there are a couple of things that you need to know . First is that if your policy is under 5 years old , there probably is n't much to borrow . It usually takes between 2-3 years for your policy 's expenses to be paid , and for the cash t begin piling up . The second is that whatever you borrow is subtracted from the benefit at the end , if you do n't pay it back . You also need to be careful that the amount of the loan plus interest does n't grow big enough to capsize your policy and cause it to cancel . Pay back what you can , as often as you can , to keep that from happening , ok ? Thanks for asking !


Input: Can You Borrow From Your Whole Life Insurance Policy?

Output: In order to provide a level death benefit at a level premium , a whole life insurance policy develops cash value . These cash values are guaranteed in the whole life policy and are called non-forfeiture provisions . You may borrow from that cash value . There will be interest charged but the cash value is usually increasing at a rate that is near the interest being charged .


Input: How Do You Determine How Much Term Life Insurance You Need?

Output: There will be a range of answers in the calculation . Are you married ? Do you have kids ? Are they going to college ? Do you own a home ? Have a mortgage ? What is your income and prospective income over the next few years ? Does your spouse have a career of their own , making a good income ? How much do you participate in the family income ? The broadest answer is from 2 to 10 times your annual income . Use these factors to calculate the more precise amount . thank you . GARY LANE .


Input: How Do You Determine How Much Term Life Insurance You Need?

Output: That is a great question ! The answer depends upon what you want the policy to do for you . If you are using it to cover a specific debt , like your mortgage , or a college loan , then it needs to be for roughly the amount of the debt . If it is for your life insurance , that amount is really up to you , and what you can afford . The rule of thumb is 8-10 times your current salary . Please be aware of exactly what you get , and do n't get , with a term policy before signing the contract . I hope that helps , thanks for asking !


Input: How Do You Determine How Much Term Life Insurance You Need?

Output: The simple formula is take add up all of your debt . Your mortgage , auto loans , student loans , credit cards , etc. whatever would have to be paid . If you have children , the cost of their education . Then take ten times your income for your loved one to invest and replace your income with the interest off of the lump sum invested . For a `` stay at home '' parent you need to calculate the cost of replacing them , meaning child care , housekeeper , cook , someone to run errands . You know the things we take for granite . Add the totals along with the time period and you should be very close to having the face amount and term needed on your term life insurance . If you need more help contact a trusted life insurance broker to walk you through it . Almost all of us are free for our advice .


Input: How Do You Determine How Much Term Life Insurance You Need?

Output: Term life insurance is simply insurance against dying too soon . So the only purpose it serves is to provide income to beneficiaries in the event of the death of the insured if the insured should die during the term period that the policy is in force . So , how you would determine the amount of insurance needed would simply be to determine how much income will be needed by the beneficiaries if the insured dies before the end of the term .


Input: How Much Is It To Pay For Your Own Health Insurance?

Output: Buying your own health insurance is a fairly simple process . An experienced broker with a reputable website can shop top-rated insurers and show you the best options . Re the rate , it would depend on many factors including your age , where you reside and the type of policy you would want . For example , a comprehensive policy with office visits and prescriptions would cost more than a simple high-deductible plan . A student or short-term policy would be the cheapest , often under $ 100 per month .


Input: Does Home Owners Insurance Cover Foundation Repair?

Output: Your homeowners insurance policy covers damages that are caused by specific perils . While it is possible that damage to a foundation could be caused by fire or another of the covered perils , I doubt that is the point of this question . Most foundation difficulties arise from earth movement and that is an excluded peril in most policies . The issue is damage from a specified peril is what is covered .


Input: Does Home Owners Insurance Cover Foundation Repair?

Output: It depends on the reason the foundation needs repaired . It may cover it if the damage was done by a covered peril . If however it is just due to age and ground water then no . If your policy covers Earthquake and the damage is due to Earthquake for example then your policy may provide some coverage . If you think you have damage that may be covered check with your agent .


Input: Which Auto Insurance Is Best In Tennessee?

Output: There are many very good auto insurance companies in Tennessee . Getting the best car insurance prices in Tennessee actually does not take long . The combination of an experienced broker and their website can save you time and money . Progressive , State Farm , Liberty Mutual , Farmers , Esurance , Geico and Progressive are among the largest carriers and often have very competitive prices . Of course , there are many variables including your driving record , age , xip code etc. . .


Input: How Often Do You Pay Auto Insurance?

Output: It really depends upon your carrier . With the carriers I deal with they have a range of options . These options include a onetime annual payment , which usually results in a premium discount , all the way to monthly payments and everything in between . You should set these payments up in a way that best suits your finances . I hope this helps .


Input: What Is Wrong With Equity Indexed Annuities?

Output: Theres no moral value to saving and investment products , but they do require product suitability with the potential product buyer . Generally , tax deferred indexed annuities use domestic and foreign indice options and use three basic crediting methods : caps , participating rates and spreads . When an index goes up the policy is credited according to the policy method . When the index goes down the policy is not debited , i.e. insulating the annuity from market downturns . But keep in mind that these polices , like most products , have internal policy expenses that could by virtue of the contract cost result in a negative performance .


Input: Can I Use Reduced Paid Up On Four Of My Policies To Use The New Found Money As Payment For My Daughter's Finale Expense Policy?

Output: Taking a reduced paid up policy , or four reduced paid-up policies will lower the death benefit available and eliminate future premium requirements . If that is what you are hoping to achieve , that would be a way to do it . If you do that you could use the money you were already spending and fund a life policy for your daughter .


Input: Can I Use Reduced Paid Up On Four Of My Policies To Use The New Found Money As Payment For My Daughter's Finale Expense Policy?

Output: That is an interesting question ! I want to make sure you understand what exactly you are asking , and what would happen , as it seems as if the agent you spoke with may have misunderstood you . You have 6 policies totaling $ 31k in face value . Without knowing how long you 've had them , let 's assume they are each at least a couple of years old . There are some things to be aware of here - taking reduced paid up coverage on 4 of them might seem like that would leave you with about $ 20k in coverage , but chances are it will actually be considerably less than that . How much coverage were you wanting to keep on yourself ? The second thing to be aware of is that you wo n't receive any money from taking the reduced coverage , only what you would have paid monthly on them . So again , understanding that I have no information on your policies to go on , let 's assume that they are all for $ 5k apiece and you pay $ 40 total a month in premiums . What you will gain from taking the reduced coverage is considerably less than $ 20k insurance for you , and $ 40 a month more money . Assuming that you are good with considerably less insurance coverage for yourself , and that your daughter 's policy can be purchased for less than that $ 40 a month , you are good to go . Since you are not surrendering any of the policies , there are no replacement issues to worry about , as you 're not replacing anything . There 's a whole lot more information that I would need to really steer you right , so maybe it would be wise on your part to contact someone other than whom you spoke with the first time , and get a better idea . Good luck , and thanks for asking !


Input: Can I Use Reduced Paid Up On Four Of My Policies To Use The New Found Money As Payment For My Daughter's Finale Expense Policy?

Output: First , the Reduced Paid Up feature of your policy allows you to stop making premium payments and accept a reduced paid up option for whatever the reduced face amount is at the time you utilize the option . For example if your 20 year old $ 20,000 policy has a Reduced Paid Up of $ 12,000 and you utilize the option you would have a paid up policy of $ 12,000 with no further premium payments required . If the amount of the reduced paid up insurance is sufficient for your personal needs , you could use the money you paid for your policy and pay premiums on a policy for your daughter . This is not complicated at all and replacement is not an issue since you are keeping your policy . The Reduced Paid Up option does not allow for any up front cash however other than the money you save on premiums . Some Mutual companies that pay dividends . You could take the dividends in cash and use them to help pay for a policy if you have a policy that pays dividends . You could take a loan on the cash value of your policy but I really do not recommend doing that since the loan will reduce your death benefit or you could cash surrender a couple of policies if you do not need the insurance .


Input: What's Loss Of Use In Home Insurance?

Output: If your policy includes coverage for `` Loss of Use '' this means that you ave benefits that will pay for any extra expenses you and your family may have as a result of your home being so severely damaged by a covered peril that you must live elsewhere for a while during the repair process .


Input: Can You Cancel Home Insurance?

Output: In Canada , you can cancel you home insurance . There are however ; considerations you should be aware of . here are a couple : If you have a mortgage on your home , the lender usually requires insurance coverage . Home insurance contracts are on a yearly basis and if you cancel before the renewal date there is usually a penalty.There could be more considerations depending on your individual circumstances . You should speak with an independent insurance agent or broker in your local area as laws vary .


Input: Can You Cancel Home Insurance?

Output: You as a consumer may cancel your homeowners insurance at anytime . While it is rare , always check with your existing carrier to see if there are any short rate fees if you cancel early . Also I suggest if you are moving to another carrier that the new policy is in place before cancelling the existing policy .


Input: How To Qualify For Government Health Insurance?

Output: When you say Government Health Insurance if you are talking about the new Affordable Care Act then its pretty simple . You need to just apply You must reside in the area you are residing in , be a US Citizen or foreign national who is on a valid VISA . You can go to the Marketplace and compare all the qualified health plans in your area or rocoinsurance.com/obamacare-insurance-2.html for more information .


Input: When Does Health Insurance Coverage End?

Output: Health insurance coverage ends when either you or the company terminates the policy . Typically , you can cancel a policy at any time -LRB- group plans may be a bit trickier -RRB- . An insurance company normally can not cancel a policy unless there is a lapse , fraud or benefits are no longer offered in a certain area . Also , if someone no longer qualifies -LRB- such as reaching age 65 -RRB- , it is possible a policy can be canceled . A broker is always a great resource for this type of question .


Input: What Is Assurant Health Insurance?

Output: Assurant Heath is a health insurance company not a unique type of health insurance . They offer a wide range of both individual major medical insurance plans as well as group health insurance plans . They also offer dental insurance and supplementary insurance products . In this way Assurant Health is a competitor with Blue Cross/Blue Shield plans , Humana , AETNA , CIGNA , United Healthcare and other health insurance companies across the nation .


Input: Does Medicare Pay For Walkers With Seats?

Output: Yes - Medicare covers walkers under Part B as durable medical equipment -LRB- DME -RRB- when prescribed by your doctor for use in your home . Medicare will generally pay approximately 80 % of the costs - you would be responsible for the other 20 % . A Medicare supplement -LRB- Medigap -RRB- plan can help cover the expenses you 're responsible for paying .