Input: How To Cancel A Globe Life Insurance Policy?

Output: Before you cancel any life insurance policy , you should talk to your agent to make sure it 's the right move for you . One of the things that most people do n't think about is their insurability , especially when they have an existing plan . They may have preferred rates at the time they got it , but now have a medical history and may be looking at standard or substandard rates on a new plan if they decided to get coverage again later on . If you 're looking at securing new coverage / replacing the old policy , you should compare the two structures and make sure it 's the most favorable course of action for you . Third , if you 're cancelling it because of premium affordability , you may have an option to simply reduce the face amount or term period of the coverage to reduce the premiums . After all proper considerations are done and you still want to cancel the policy , you can do one of two things : 1 -RRB- simply stop paying the premiums and the policy will just lapse on its own 2 -RRB- call the carrier and tell them to terminate the coverage -LRB- if you have a permanent policy with cash value , you can request to receive the cash value proceeds -LRB- less any surrender charges or loan fees -RRB- , if applicable/available .


Input: How To Cancel A Globe Life Insurance Policy?

Output: You may cancel your policy with Globe Life Insurance Company by calling 1-888-650-4081 which is their customer service line . If it is a cash value plan or permanent life insurance plan you may receive the cash value proceeds upon canceling . Be sure you are not close to an anniversary date that may pay you more money to wait until the date has passed . If it is a term policy then nothing more will be paid . I highly recommend you having another life insurance in place before cancelling this policy as it can take several weeks to get through underwriting . Also it is prudent to notify your bank or institution if your premiums are drafted from your account of the cancellation .


Input: How To Cancel A Globe Life Insurance Policy?

Output: Great question ! There are a couple of things I 'd have you look at before you cancel the policy . The first , and most important , is do you have coverage to replace it ? It is always wise to have something in place to protect yourself from the unexpected . Second , is it a matter of affordability ? You may want to reduce your coverage amount , and thus your premium payments , and keep the policy in force , especially if you have health issues . Lastly , have you had this policy a long time ? There may be some cash built up in it that you would forfeit if you just stopped paying , and let it lapse , or told them you want to cancel , as opposed to `` surrender '' the policy . If you surrender it , you should be able to get some or all of that cash back . I hope that helps you , if you need more information , contact me , I 'm happy to help . Thanks for asking !


Input: What Does Dave Ramsey Say About Whole Life Insurance?

Output: Dave Ramsey does n't like whole life insurance . In fact , he dislikes it so much that he misrepresents it -LRB- intentionally or not -RRB- when he talks about it on his radio show . Of course , it 's possible that he just does n't understand it , but I suspect that his opinion of the product is based on his previous experience as a life insurance agent with A.L. Williams , the `` buy term and invest the difference '' company . As an A.L. Williams agent , he was taught to represent whole life -LRB- which people owned -RRB- as a bad product which should be replaced with term insurance -LRB- which he sold -RRB- . So his bias against whole life stems from there .


Input: What Does Dave Ramsey Say About Whole Life Insurance?

Output: Dave Ramsey does n't believe that whole life insurance is ever necessary or a good idea . He believes that everyone should buy term , pay off all debts quickly , build up a huge net worth and become self insured so that you never need any life insurance . That is a great plan but it does n't pan out for a lot of people for the same reason that we are n't all in great shape and our perfect weight for our height . Everyone knows what to do to become rich but most just wo n't actually do it . Instead of buy term , invest the difference and become rich ... most people buy term , spend the difference , retire middle-classed or worse and have to buy more insurance later in life when it 's much more expensive .


Input: What Does Dave Ramsey Say About Whole Life Insurance?

Output: Dave is not a proponent of whole life insurance -LRB- generally any permanent for of life insurance for that matter . -RRB- He is a debt reduction specialist that buys term life insurance and pays down debt first before investing in mutual funds . His basic mantra is the permanent life insurance is not a good investment .


Input: What Is A Good Long Term Care Insurance Policy?

Output: A good long term care policy should feel your specific needs in case of a long term illness or injury so severe that you are no longer able to work . Things to consider when shopping for long term disability plans are length of coverage , i.e. years benefits pay , plans can go to age 67 now . The elimination period which is the time length you can go without benefits , i.e. 30 days to 360 days . The benefits amount which is the amount paid to you on a monthly basis which can go up to 70 % of your current earnings . Riders to consider on your plan should be additional purchase option without proof of insurability , cost of living increases and return of premium in case you never use the coverage . I recommend using an experienced independent broker in order to navigate this maze of coverages in order to get the right plan at the best price .


Input: Who Has The Best Renters Insurance?

Output: You can have the best renters insurance . The best renters insurance is the policy that pays the most when you file a claim . That means that it is in force and that the limits of the policy are adequate . The best place to buy such a policy is from an experienced agent . Consult with colleagues , friends and neighbors . Select someone you can trust . Make sure they transmit all relevant information to the insurance company and trust their advice for the limits that you establish . Someday , that could be a very important conversation .


Input: What Is Wrong With Indexed Annuities?

Output: Like all saving and investment products , client suitability determines the funding vehicle . There are excellent indexed annuities and many mediocre contracts , so compare and contrast policy provisions to secure a competitive contract . Policy expense loads are also important as is the quality rating of the insurance company . Indexed annuities may be an appropriate product for conservative savers who desire potential returns greater than bank CDs .


Input: Can You Backdate Car Insurance?

Output: I have a hard time imaging how backdating a car insurance policy could ever be good for the insurance carrier so , all the carriers I am familiar with refuse and prohibit backdating . I can think of a couple of reasons it is desirable to backdate insurance from the customer point of view : 1 -RRB- To be able to prove insurance to a regulatory or financial entity on a certain prior date when coverage was not maintained . 2 -RRB- To be able to obtain coverage for a loss and avoid out of pocket expenses on a certain prior date when no coverage existed . Most carriers carefully underwrite the reason why any date but the present date is installed on an application for insurance . It is often also true that state law makes it illegal for an agent to backdate coverage . It does n't matter if it is car insurance , home insurance , or even life insurance , backdating is a bad idea for the insurer and the agency or agent . On this point , however , there are companies in the life insurance portion of my business that will permit backdating to save age . They wo n't accept this provision if the insured is not healthy or there are health events that create concern in the period of time back to the prior birth date . If you are not healthy now , they wo n't issue the coverage . Then , if they agree , all the premium back to the prior date will need to be paid but , the customer will enjoy a permanently lower rate based upon the prior age so this is the only time I am aware of when backdating - and I use the term very loosely here - is permitted on a written insurance policy . On car insurance , no backdating method I know of exists for all the reasons I have written -LRB- and some I have n't -RRB- .


Input: Can You Backdate Car Insurance?

Output: You can not back date a new policy . In other words if you wish to purchase a policy today you can not have the effective date be yesterday . If you have an existing policy already in force you may be able to add or remove a car on a backdated bases depending on the circumstances .


Input: Can Medicare Take Your Life Insurance?

Output: Medicare does not take life insurance from anyone . Medicare is a healthcare insurance program for those who have paid into it over the years -LRB- and some others -RRB- . Medicaid is an assistance program for those who have low income and low assets . If a person applying for Medicaid has term life insurance , it will not matter . If the Medicaid applicant has permanent life insurance with high cash value , there may be a need for the policy owner to take actions with the policy to enable them to be approved for Medicaid .


Input: Which Medicare Plan Should I Choose?

Output: Original Medicare plus a Medicare supplement plan allows you to use any doctor or hospital anywhere in the US . There are no networks , no non-par provider penalties . Your out of pocket for Medicare Part A and B covered expenses are limited to $ 2110 or less during a calendar year . Most Medicare Advantage plans have networks that require you to use doctors they chooe . If you slip out of network you will incur significant out of pocket penalties . Your network out of pocket is capped at $ 6000 or less with most plans . There may not be a cap on out of network charges .


Input: Which Medicare Plan Should I Choose?

Output: It depends on your area and individual circumstances . There is no one best plan . A good agent will analyze your needs and circumstances and help you choose the plan that works best for you and your goals . Medicare Advantage Plans differ according to area / Medicare Supplements , while the plans offer the same coverage company to company , there is a whole alphabet of options . Plan F will offer the most comprehensive coverage , but it is also the most expensive . If you do not mind paying a little out of pocket , thee is a high deductible Plan F that is very affordable . Do n't let the term High Deductible concern you . Medicare pays their 80 % until your deductible is paid , so its not a bad deal . Plan N is another option if you do not mind doctors copay 's . Sit down with a good experienced agent who specializes in both Medicare Supplements and Medicare Advantage and go over your options .


Input: Which Medicare Plan Should I Choose?

Output: You should choose the Medicare plan that best suits your needs and budget . Medicare Part A and Part B are required before you can purchase a Medicare supplement or Advantage plan . If you need to budget your monthly expenses and avoid large out of pocket claims a Medigap plan is best . But if you are healthy and will remain so the Advantage plan might be a better choice .


Input: Is Life Insurance Taxed In North Carolina?

Output: Life insurance in North Carolina is not charged income tax , in most situations . Life insurance is income tax free , but does incur estate taxes if the life insurance proceeds bump the estate to over the exempted limit . Then the amount of the estate over the exempted amount is charged estate tax . Interest on life insurance payments taken in installments , or the amount of the death benefit over the face amount , can also be taxed .


Input: What To Do When Your Home Insurance Company Won't Pay?

Output: When you purchase your Homeowners ' Insurance , read it over carefully and discuss the terms and conditions of your contract with your Insurance Professional . That way you have a better understanding of what is covered and what is not . If the contract indicates that there sould be coverage for your loss , and your company denies the claim , you can certainly discuss the situation and get a clearer understanding as to why . If you feel their decision is in error , you can always file a report with the state Insurance Department who will investigate the claim and disposition on your behalf .


Input: What To Do When Your Home Insurance Company Won't Pay?

Output: An insurance policy is a legal contract . The company is one of the parties of the contract and the insured -LRB- you -RRB- are the other part . You both have responsibilities under the policy . If the company does not perform as they have contracted you have a cause of action in a court of law . There may be steps to take before filing a lawsuit but that is your ultimate recourse .


Input: What To Do When Your Home Insurance Company Won't Pay?

Output: Most insurance companies will have a second inspection criteria . It normally requires you to get a contractor that will agree that there is damage , and provide a written , detailed estimate of those damages to the insurance company . They should then provide a second adjuster to inspect the damage with your contractor . Worst case , you can contact your state Department of Insurance . They should be able to help . They are free and part of their role is consumer protection .


Input: Does Insurance Cover Nursing Home?

Output: Some health insurance plans will cover treatment in an ECF -LRB- extended care facility -RRB- . The general rule is you must be discharged directly to the ECF following a hospital admission , usually lasting 3 days or longer . Your ECF benefits are usually limited to 30 - 90 days as an inpatient . Not really what one would consider long term care but more short term care . Also your major medical plan may cover some home health care visits and private duty nursing .


Input: Does Insurance Cover Nursing Home?

Output: Yes . The type of insurance that pays for nursing homes is called Long Term Care Insurance or LTC . These policies will cover nursing home stays and also will pay for assisted living facilities are even pay for assistance at your home to keep you out of a nursing home . There are many different types of LTC policies so make certain your agent gives you many choices and explains your options .


Input: How Does Secondary Health Insurance Coverage Work?

Output: By secondary insurance I assume you mean supplemental plans such as cancer plans , hospital indemnity , accident , etc. . Some of the plans are stand alone and do not coordinate with other coverage . Many of these plans pay cash direct to you . Some supplemental plans are only issued if you have an in force major medical plan and benefits will be coordinated to make sure you do not receive reimbursements from all sources that exceed 100 % of the actual claim .


Input: How Much Should Renters Insurance Cost?

Output: That is going to depend on the carrier , the type -LRB- house or apartment -RRB- of property that you are renting , the amount of coverage that you are requesting , your geographic location , your claims history with insurance , and any coverage endorsements that you would want . Based on my experience in my geographic location I have seen renters insurance average between ten and about fifty dollars per month .


Input: What Is The Best Medicare Drug Coverage?

Output: The right Part D plan for you will depend on your specific drugs . My clients normally ask me to take their drugs and find the plan that saves them the most money . Also Medicare part C plans may also be a good option because most part c plans have Part D included .


Input: Can I Keep Insurance Money And Not Fix My Car?

Output: The answer to that depends on whether or not you own your car outright . If you are making payments to purchase or lease your vehicle than an insurance payout will most likely go directly to the repair facility . If you own your vehicle than you have the right to do whatever you wish with the money you receive from the auto insurance payout . That being said , it is strongly recommended to ensure your vehilce is safe to operate -LRB- For the benefit of you and yourpassengers as well as others on the road too -RRB- . Joel Guilbert Liberty Mutual Insurance 4806857309


Input: Can I Keep Insurance Money And Not Fix My Car?

Output: Good answer form Joel . We are somewhat tolerant of crumpled looking cars in the US , but in some part s of the world a damaged vehicle would not be permitted on the road . Keep safety in mind . That cracked window you have not replaced may fall apart at an in opportune time . Do the right thing and keep your car as safe as you can and repair all damages .


Input: How Did Health Insurance Got Started?

Output: Health insurance in the US began during the Civil War era with policies issued by the Massachusetts Health Insurance Company . The Blue Cross association was the first group to start what would evolve in to modern health insurance plans in this country . Other carriers , including Time Insurance -LRB- now known as Asssurant -RRB- have a long history of offering health insurance to individuals and employer groups . Over the last few years carriers such as Mutual of Omaha , Bankers Life and Casualty , Aetna , Cigna -LRB- formerly Connecticut General -RRB- and others have become prominent in the health insurance market . Kaiser Permanente introduce the HMO concept in 1933


Input: Is Pregnancy A Pre-Existing Condition For Disability Insurance?

Output: Yes , unfortunately , pregnancy is a pre-existing condition for disability insurance if you apply while pregnant . If you applied before becoming pregnant , obviously , then the pregnancy would not be a pre-existing condition . However , some polices may require that you apply several months before you become pregnant in order to qualify .


Input: Is Life Insurance Needed?

Output: I believe you will find that life insurance is needed to most middle Americans . It is the most affordable way to financially protect your loved ones who would be financially devastated in the case of death of a income earner in their life . Life insurance can replace income , payoff debt , educate children , save a business , save a house and pay for final expenses that have not been previously saved and banked . We insure our homes , cars , property , businesses and health expecting the worst . These things may or may not happen throughout our lives . But we are all guaranteed to die someday . Do n't die for free .


Input: Is Life Insurance Needed?

Output: Having life insurance is a responsible product to have in a family portfolio . For instance , a husband would never want to leave his wife and children without enough money to allow them to continue in the lifestyle that he has worked for . It 's important to make sure your family is prepared to lose a financial contributor , whether it 's to pay off a home , debt or even to cover the costs of a memorial service .


Input: Is Life Insurance Needed?

Output: Life insurance is a need for some people . They simply have no way of ever saving the amount of money it would take to care for their family , pay off their mortgage , or even pay for their funeral , if not for life insurance . Some people truly do have so much money in savings or investments that they do not have a `` need '' for life insurance . However , data shows that `` rich '' people like life insurance because it is readily available upon death , it is tax friendly , and they can leave it to whom they choose .


Input: How Does Life Insurance With Cash Value Work?

Output: The reason people buy life insurance is to provide a benefit to someone that they love . For many these reasons last a lifetime . Those people buy permanent insurance . While there are a variety of forms used a permanent policy is designed to provide a level death benefit in exchange for a level premium . Because the term of the policy is indefinite the company must charge more than for a policy providing coverage for a distinct period of time . The company then develops reserves to meet their future guarantees . These reserves are published in the policy as cash value . This means that if you have such a policy and wish to receive the stated cash value , the company will exchange the cash value for a release from their promise to pay a death claim .


Input: How Does Life Insurance With Cash Value Work?

Output: Most cash value life insurance policies are designed to be permanent ; you can keep them your whole life if it makes sense . You can keep the policy in force until you die , and your beneficiaries are paid the death benefit which is typically tax free . Money accumulates inside the contract and earns tax deferred interest . You can borrow money against the accumulated cash value . Or you can cancel the policy are receive the cash value . There may be tax implications on policy cancellations .


Input: Does Car Insurance Boost Credit?

Output: Based on my education and experience in the industry so far , insurance carriers do not currently report any financial information to the credit agencies . So , the short answer is no . Having auto insurance will not boost your credit . It will however help protect you from the financial pitfalls that could be created by not having auto insurance .


Input: What Is The Best Motorcycle Insurance?

Output: We tend to see questions like this a lot . I have to say that from my point of view , the `` best '' insurance is the one that is best for you and your particular circumstances . Look for a solid company with a proiven track record whatever insurtance you are buying . Certainly there are pricing differences between companies , but cheap does not always translate to best . When it comes down to it if you save a couple of buck s on premium buyt iot costs you hundreds or thousands because you don ; t have the right protection , then what yave you saved ?


Input: Can I Get Disability Insurance In Rhode Island If I'm Pregnant?

Output: Rhode Island is one of 6 states with what we call `` State Cash Sickness '' benefits . In Rhode Island , it is called TDI -LRB- Temporary Disability Insurance -RRB- . You should check with your employer whether the TDI benefit will coverage your lost time from work -LRB- and replace some of your lost income -RRB- due to your current pregnancy .


Input: Can I Get Disability Insurance In Rhode Island If I'm Pregnant?

Output: Unfortunately , it is not possible to purchase disability insurance that will cover your pregnancy , after you are pregnant , in Rhode Island or other states . The pregnancy is considered a pre-existing condition . If you are buying the disability insurance with the idea of excluding pregnancy related extended absences , it may be possible that some disability policies would cover you with an exclusion .


Input: Can You Get Life Insurance In Jail?

Output: Yes , you can get life insurance in jail . There are a limited number of policies available to those who are incarcerated , but they do exist . Contact a good impaired risk life insurance agency to find out what options are available to you if you are currently being confined in jail .


Input: What Does Single Payer Health Insurance Mean?

Output: Single-payer health insurance typically refers to the federal government handling the implementation and management of healthcare . In the US , if implemented , it would likely be expensive , unpopular and provide less effective healthcare than many other alternatives . Does current President Barack Hussein Obama want to see single-payer health insurance for the US ? Only one person knows the answer to that question .


Input: Where Can I Get Life Insurance On Someone Else?

Output: To get life insurance on someone else , you can go to any website or agency that offers life insurance . If they want to see someone face to face , you should contact a place near them . If they will be signing a digital application online , they can do it from across the nation from you and/or your agent .


Input: Where Can I Get Life Insurance On Someone Else?

Output: Where can you get life insurance on someone else ? Well , for a child you can talk to your current insurance agent and create a policy to cover the child based on the needs . For an adult it is a different story , you must have consent from the insured to take a policy out on them . That can either be done by their actual consent to be insured or by court order in the case of divorce for example . The insured would have to comply or be held in contempt .


Input: What Is Health Insurance Premium Credit?

Output: The health insurance premium tax credit is a creation of the Affordable Care Act -LRB- ObamaCare -RRB- and first became available January 1 , 2014 . In general , individuals and families whose income falls between 100 % and 400 % of the Federal Poverty Level will qualify for some level of subsidy for health insurance that they purchase through the Federal or state health insurance marketplaces in the person 's state of residence . The amount of premium credit a person qualifies for is based upon a sliding scale that is highest at the low end of the Federal Poverty Level and declines to almost nothing as a person gets to the 400 % level . A person can only receive this premium tax credit for health insurance plans they purchase through the government health insurance marketplace . You do have a choice when you learn that you qualify for a premium tax credit . You can choose to receive it in the form of an `` Advanced Premium Tax Credit '' or you can wait until you do your annual taxes and capture it at that time . With the `` Advanced Premium Tax Credit '' choice your credit amount will be sent to the insurance carrier you select each month to pay a portion of your monthly premium and you will be balance billed for the rest . If you opt to pay for your health insurance in full and then claim your credit on your income taxes the amount of the credit you qualified for would be included in any income tax refund you receive . This might be a very important choice . Your premium subsidy will be based upon what you estimate your income will be in the coming year . If you guess wrong and receive a higher subsidy than it turns out you actually qualified for based on the income you report on your income tax form for that year then the overpayment can be withheld from any income tax refund you might have had coming . Conversely , if you made less than you had projected you would find your possible income tax refund increased by the remaining subsidy amount you would have qualified for . While the premium tax subsidies do provide a mechanism to assist persons in certain income levels to purchase health insurance they might not have otherwise been able to afford , it will also complicate the income tax filing process for many of these people .


Input: What Is Health Insurance Premium Credit?

Output: Health insurance premium credits are one form of redistribution built into the Affordable Care Act . Cost sharing subsidies are the other form . The objective is to make having health insurance more affordable for people in lower income brackets . Both subsidies hinge upon the family 's modified adjusted gross income relative to the federal poverty level . Subsidies phase in for families at 100 % of the federal poverty level , and phase out for families at 400 % and above . The government pays a portion of the health insurance through premium credits , based upon the family 's projected income .


Input: What Does Combined Single Limit Mean In Car Insurance?

Output: Combined single limit is essentially a pool of money from which liability claims are paid . For example , if someone with a policy that has a combined single limit is in an accident with multiple people and the individual with the combined single limit policy is at fault and pursued legally for damages , any damages rewarded are paid out of the total pool . So , if the combined single limit is $ 500,000 , then damages will be paid from this $ 500,000 pool and no damages rewarded above $ 500,000 will be covered by the policy .


Input: Does Homeowners Insurance Cover Air Conditioning Units?

Output: To answer this question , I will assume that it is posed to determine if a homeowner policy will cover any type of damage to an air conditioner , absent any other facts . The homeowner policy is definitely not a maintenance policy and therefore will not pay for damage to the unit , unless it is damaged by the occurrence of some other type of covered peril . For example , if it is a relatively expensive ` window unit ' and a heavy picture falls off of the wall , striking and severely damaging the ac unit , there could be coverage , subject to the application of the homeowner policy deductible . In reality , you should think twice about the future premium increase ramifications of submitting a smallish claim of this nature . You would , in a situation of this nature , check with your agent to make sure it is worth submitting . If it is a central ac unit and is damaged by a fire in the garage caused by a carelessly laid cigar , there would be coverage , again subject to the deductible . The financial loss for a central ac unit would no doubt be much more extensive that for a window unit and might therefore merit claim submission . Also , the fire described would probably have damaged the walls , ceiling , possibly stored objects , etc. , and produced smoke damage to other parts of a house , if attached , justifying submission of a broader claim for damages , including those to the ac unit .


Input: When Should A Person Get Long Term Care Insurance?

Output: It is best to get Long Term Care Insurance before age 60 . Some LTC professionals even advise getting it before age 50 . That is because rates are lower at a younger age , and the chance of having a health condition that will exclude you from getting Long Term Care insurance is lower when you are younger . However , you can get it at any age , and there is no time like the present to take care of what is important .


Input: Can You Keep Auto Insurance Claim Money?

Output: Here is the thing . Insurance claim settlements are intended to pay for the repair of damage caused by a covered loss under the provisions of a policy contract , in this case an car insurance policy . If one receives a settlement and then chooses , for whatever reason not to repair the damage , I have not seen a case where an insurance company is going to be looking for it 's money back . Keep in mind acouple of things , however . If you have a lien or lease on your car , the check will be made payable to BOTH you and the financial institution and they will need to have the car repaired as a condition of your agreement with them . Also , if you happen to have another incident that further damages the same car parts that were damaged previously , the claims professional will be able to tell the older damage from the more recent and will NOT include an amount needed to repair both .


Input: Does Health Insurance Pay For Glasses?

Output: You would be best served to assume the answer to this question will be `` No '' , especially if you are over age 18 . Vision exams , eyeglasses and contact lenses are generally covered under a separate vision insurance plan if your employer offers one or you choose to purchase coverage in the individual market . There are certainly some self-funded employer health plans and union health plans that include vision coverage in the major medical package but these are relatively rare . An area of confusion and frustration for many businesses and individuals who are purchasing health insurance plans that meet the minimum essential benefits requirements of the Affordable Care Act -LRB- ObamaCare -RRB- is that it requires that PEDIATRIC dental and vision services be covered under the major medical plan . Of course , some people just hear the dental & vision part and think it applies to adults enrolled in the plan -LRB- it does n't -RRB- . The other big surprise can be how the pediatric dental & vision benefits are structured in the health plan . Preventive dental and an annual eye exam should be covered at 100 % . After that , the coverage can vary wildly from one insurance carrier to the next . Some design their pediatric dental & vision benefits like standard vision and dental insurance plans that people have been accustomed to . However , it is not uncommon to find that non-preventive pediatric dental and vision services are subject to the major medical plan 's deductible and co-insurance provisions . So , technically your child 's eyeglasses may be covered but if you have a $ 4000 deductible you have n't met then in practical terms this will mean your child 's eyeglasses will be an out-of-pocket expense .


Input: Is A 401k An Employer Sponsored Retirement Plan?

Output: A 401 -LRB- k -RRB- is an qualified employer sponsored , defined contribution plan under ERISA , the Employee Retirement Income Security Act of 1974 . The contributions are tax deductible . -LRB- Some employers match some portion of the employee 's contribution . -RRB- The account accumulates tax deferred . And distributions are taxed as ordinary income at the effective tax bracket rate of the plan participant .


Input: What Does Suze Orman Say About Variable Annuities?

Output: Suze has a nice piece online entitled Truth About Annuities . She devotes a lengthy paragraph to variable annuities . She lays out the basics of variable annuities with a slight negative undertone , a disparaging down her nose expose . There are some contentions in her paragraph worth a rousing conversation .


Input: Is A Dog Bite Covered Under Homeowners Insurance?

Output: A dog bite should be covered under a homeowners insurance policy under the liability portion of the policy as long as . 1 -RRB- There is no dog exclusion on the policy 2 -RRB- You do not have what your particular insurance carrier would classify as a vicious dog at the time you purchased the policy . 3 -RRB- Vicious dogs are not excluded Since a dog bite is very serious and falls under liability I highly suggest you consult your agent if in fact you have a dog bite situation


Input: How To Bill Medicare For A Pap Smear?

Output: With so many changes involving Medicare and how billing is done , the best thing to do is to see exactly how the insurance company deals with each claim . Refer to this site : WEBSITELINK - I think this should answer your question . If I can be of further assistance please let me know .


Input: How To Bill Medicare For A Pap Smear?

Output: Your GYN will bill Medicare for the cost of their services as part of your office visit . If the pap smear was done during a preventive care visit , there should be no out of pocket expense to you . Office visits , including preventive care and sick visits are covered under Medicare Part B


Input: What Type Of Care Is Not Covered By Medicare?

Output: If you are talking about long term care in a facility , Medicare only covers skilled care for up to 100 days . It does not cover custodial care . Custodial care is care being given to individuals who are not going to improve and just need the supervision and assistance with activities of daily living . Other care not covered by Medicare would be dental and vision unless due to a covered disease or accident , and any procedure not deemed Medically necessary such as cosmetic surgery or other elective surgery or procedures .


Input: When Do Long Term Disability Benefits End?

Output: When do long term disability benefits end ? Well there are several possibilities where a long term disability policy ends . First , you get better and return to work . Second , the limits set by your choice when you purchased the policy . Finally , the definition of disability or type of disability can change within the policy and end it . This is why it is so important to read the definition of disability and if the definition changes during a disability .


Input: When Do Long Term Disability Benefits End?

Output: Long term disability benefits end when the policy provisions end . If you picked a policy that will cover you to retirement age , and you incurred a disability that lasts that long , your policy will last until then . If you selected a policy that will pay out for a set number of years , and then were disabled for an extended period of time , it will pay out as long as you have the disability and until those years are up .


Input: When Should You Cash In A Life Insurance Policy?

Output: You should seek professional tax advise before cashing in cash value life insurance . There may be ordinary income tax consequences of surrendering your policy if there is gain in the contract . Keep in mind , that policy loans received or internal policy loans beyond basis will also be treated as taxable gain .


Input: When Should You Cash In A Life Insurance Policy?

Output: If you have Term Life Insurance , there is usually no cash value to cash in -LRB- unless you had Return of Premium Term Life Insurance , in which case the premiums will be refund if the policy was kept for the entire term -RRB- . If you have a Whole Life or Universal Life policy , you may not want to ever cash it in . Whole Life , and Universal Life -LRB- if the policy was guaranteed not to lapse -RRB- are permanent policies that you can hang onto for the rest of your life , if you wish .


Input: When Did Mandatory Auto Insurance Start?

Output: Every state is a bit different however In Colorado , where I am located , car insurance is mandatory for all drivers . Auto insurance is enforced by the Colorado Department of Regulatory Agencies which is part of the Department of Insurance . Colorado was a no-fault state until 2003 , when they changed the regulations to what is referrd to as TORT meaning fault has to be established first before claims will be paid .


Input: Is Private Disability Insurance Taxable?

Output: Since you pay for private Disability Insurance with after tax dollars , the benefits are not taxable . While there are mostly likely some exceptions to this , this is the general rule . Employer provided Disability benefits can be taxable if the employer took a tax deduction when paying the premium . So this is a nice advantage of private Disability Insurance .


Input: Will Health Insurance Pay For Wisdom Teeth Extraction?

Output: Wisdom teeth extraction is typically not covered under health insurance policies , unless caused by another covered event . However , dental insurance plans are the most likely coverage to pay for those types of expenses . There may be waiting periods and limitations , but there is no doubt that a dental policy is your best choice .


Input: How Long Does It Take Metlife To Pay Life Insurance?

Output: Most life insurance companies , including MetLife , only take a week or two to pay a life insurance claim once the proper paperwork has been submitted . Contact your agent or call MetLife directly to request the death claim processing paperwork , and obtain a certified death certificate to send in with the completed paperwork . The insurance company will send you the check after this has been processed .


Input: How Much Will Term Life Insurance Cost?

Output: The price for term insurance will vary depending on the amount of coverage , the term -LRB- number of years -RRB- of the policy , where you live , certain health considerations , whether you smoke , etc.Below is my Facebook post from last Thursday , which will give you a sample . To get a specific quote , you should work with a Life Insurance Agent . Did you know ... a 30 y/o male can get $ 500,000 10-Yr Term Life Ins for $ 16/mo !? A 40 y/o male = $ 23/mo . A 50 y/o male = $ 46/mo . Old proverb : `` Anyone who dies without life insurance should be required to come back and clean up the mess . ''


Input: How Much Will Term Life Insurance Cost?

Output: The term life insurance brokerage market is fiercely competitive and offers a range of guaranteed premium periods like 5 , 10 , 15 , 20 and 30 years . The non-rated health classifications are based on two categories : non-smoking and smoking . The non-smoking category is segmented into five sub categories : super preferred , preferred plus , preferred , standard plus and standard . The smoking category is segmented into three sub categories : preferred smoking , smoking and no-cigarette tobacco . Then theres the impaired risk categories classify mortality charges of insureds below the standard ratings , up to 16 tables . Your gender , age , smoking status , health history and current medical condition are all mitigating factors in premium pricing term life insurance . A nonsmoking super preferred male or female , age 25 purchasing 10 year guaranteed level term life insurance for $ 100,000 of coverage will pay around $ 80-85 a year .


Input: How Much Does Full Coverage Auto Insurance Cost?

Output: Full coverage is base a lot of different factors . Year , Make , Model your personal info as to where you live -LRB- zip code -RRB- , age how long you been licensed , tickets or accidents within the last 40 months , any other additional house hold members with licenses or permits . The biggest one specially in NY is credit . I would advice you to go to your local DMV ask for your drivng record and bring it to a couple of different agent and make sure you have a Vin number for the vehicle your looking to insure . If your looking at different vehicle 's remember all vehicles have different symbols . The price for full coverage on a 2014 Camaro is not the same for 2014 Honda Accord . Thank you and good luck .


Input: Does Metlife Sell Long Term Care Insurance?

Output: MetLife discontinued selling both group and individual Long Term Care Insurance in 2010 . They still service existing LTC policies that their customers had purchased from MetLife but do not sell new policies . To receive a Long Term Care quote , contact any number of websites or agencies selling it . If you contact a website that sells life insurance , they may also be able to provide a LTCI quote .


Input: Is A Pension Plan And 401K The Same?

Output: A traditional pension plan is generally categorized as a defined benefit plan . The old school convention was managing retirement to an established amount in the future . That was then . Now defined contribution plans are much more in vogue like a 401 -LRB- k -RRB- retirement plan .


Input: What Is Medicare Hmo Insurance?

Output: Medicare HMO insurance plans are a form of Medicare Advantage . With a Medicare Advantage plan you are no longer in original Medicare but in a private form of Medicare . You are limited to using their approved doctors only . When you receive treatment outside of the HMO network you have no coverage , except in the case of a true medical emergency .


Input: What Is Medicare Hmo Insurance?

Output: HMO stands for Health Maintenance Organization . When you are in an HMO you must stay in a network of doctors and health care providers , otherwise you are not covered unless you have an emergency . When selecting your Medicare Advantage Plan it is crucial that you make sure your doctors and hospitals are in your network . Also if you travel outside of your area for a few months out of the year , many Ohio residents have homes in Florida , for example and live in Florida during the winter , make sure your plan has a program that will allow you move your network to that state . United Healthcare and Aetna have such programs .


Input: What Does Medicare Pay To Nursing Homes?

Output: Medicare does not pay for Long Term Care needs such as a nursing home , assisted living or home healthcare . In order to get coverage for this you will need a Long Term Care policy . The cost of nursing homes keeps rising and currently can be $ 7,000 - $ 8,000 per month if you do n't have a Long Term Care plan . A independent agent that specializes in Medicare Supplement plans and Long Term Care plans will be able to save you a lot of time in designing the right Long Term Care plan for your needs .


Input: What Does Medicare Pay To Nursing Homes?

Output: Medicare Benefits can pay for a lot of thing like critical access hospitals , inpatient rehabilitation facilities and long-term care hospitals but when a person goes from needing rehabilitation services to long term care or custodial care , thats when they draw the line . Its estimated that at least 70 % of people over 65 will need long-term care support and services at some point . The cost of these services can dramatically drain your retirement nest egg but the cost of a lot of long term care policies can also be just as fighting . A simple cost effective option for most families is to look at a short term care plan . The cost is substantially lower than long term care policies , the underwriting process is much easier and most policy can be put in force in under a week . If you has more questions on this topic please contact us at The Insurance Advisor , We protect and enhance your Retirement , Health Care and Accumulated assets , allowing you to secure your legacy and enjoy your life stress free


Input: What Percent Of Americans Have No Health Insurance?

Output: The percentage of Americans with no health insurance may be gradually reducing since it will be mandatory to purchase coverage in 2014 . The Affordable Care Act requires that qualified coverage be in place or a special tax will be imposed . Currently , depending on the state and city -LRB- since numbers vary -RRB- , the percentage of uninsured Americans is between 20 % and 50 % .


Input: Does Renters Insurance Cover The Building?

Output: Renters insurance will not cover the building for damage typically . To cover a building properly the building owner will want to havea homeowners policy or commercial property policy . Renters insurance typically only provides coverage for the insured 's personal items . Read your policy completely to understand what coverage is provided and any exclusions may be contained within the policy .


Input: Does Renters Insurance Cover The Building?

Output: A basic insurance principle is that you can only insure something in which you have an interest . Your landlord owns the building . Providing insurance for the structure is his or her responsibility . Your stake is the contents . You own those , you can and should insure them . Additionally you are responsible for what happens on the rented premises and so liability insurance is essential .


Input: Does Renters Insurance Cover The Building?

Output: That is a great question ! Very simply , here 's how renters insurance works - your landlord -LRB- or their company -RRB- owns the building , and the risk of loss if something were to happen to it , so they have the policy covering the building . You own the stuff in your apartment not the landlord , so the risk of loss for your things is yours , per your lease agreement , thus the need for the renters insurance . Between both policies everyone is covered . Thanks for asking !


Input: Does Renters Insurance Cover The Building?

Output: Renters insurance typically only covers the personal property of the insured against covered perils . The building is typically covered by the landlord under a type of homeowners or business property policy . Please remember every company and policy are different . Read your policy completely to know what coverage and exclusions may be contained or call your local agent to have them go over the policy with you .


Input: How To Evaluate Whole Life Insurance?

Output: I would say first of all consider if `` whole life '' is the type of coverage that best meets your objectives . You understand there are `` Universal Life , Flexible Universal Life , and Variable Life Insurance policies . The younger you are the more you need to slide toward Variable Life because you can select what `` portfolio '' you wish to use to fund your policy . The more aggressive you select the more `` premium '' you want to fund the policy . Then you want to consider the financial strength of the company-how long in business , payment of claim history , their rate of return history , and their debt ratios.Please remember it is the COMPANY that is either going to be around to service your policy and not that little freckled face smiling insurance agent . While the agent can be of assistance as long as they are committed to meeting your needs the viablity of yor policy is strictly the financial strength of the company


Input: How To Evaluate Whole Life Insurance?

Output: Evaluating an insurance company includes looking at their financial history , how swiftly they pay their claims , their financial ratings and reputation , years in business . New York Life is America 's oldest and largest life insurance company , with the highest financial ratings from all bureaus and the quickest pay history . Check our reputation . We are the company you keep .


Input: Why Should I Buy Renters Insurance?

Output: You should buy renters insurance . Your exposure to lawsuits for things that could happen on the rented property , alone , makes it a wise decision . If you own personal property located at the rental , it is not covered by your landlord . A renters policy could make you whole to the limits of the policy .


Input: Is Life Insurance Tax Free To The Beneficiary?

Output: Yes , Life iInsurance proceeds paid directly to your beneficiary go to that person completely tax free . Life Insurance proceeds may also not be attachable by any creditors . That having been said , if your beneficiary receives money from your life insurance and then invest that money , though the initial amount received is not taxable , anything that grown from that investment is . It is always a good idea for your beneficiary to consult with a financial planner , accountant or Tax Attorney to determine their best strategies .


Input: Is Life Insurance Tax Free To The Beneficiary?

Output: Yes , life insurance is tax free to the beneficiary . If there are estate taxes due -LRB- right now , federal estate taxes are charged on the excess if an estate is larger than $ 5,250,000 -RRB- , someone will have to pay them , so the beneficiary may be asked to pay a portion of those . Also , if the beneficiary takes the death benefit on a payment plan , they will be paid interest on the money not yet collected , and need to pay taxes on the interest . But in most situations , the beneficiary receives the death benefit 100 % tax free .


Input: Is Life Insurance Tax Free To The Beneficiary?

Output: Yes . Life Insurance Is tax free to the benificiary . This is how the policy will work for the family and estate . Life Insurance is paid out to the beneficiary lump sum , andtax free . The willhelprecover from the financial losses currently or for the future . Life Insurance is designed to work for the future financial planning of the family , however anyone may be the benificiary to the policy , but the importance and true benefit is to aid in the financial recovery of the estate , or even createan estatefor the family , and generations to come .


Input: Is Life Insurance Tax Free To The Beneficiary?

Output: Death benefits are tax free to the beneficiary . This is a wonderful benefit of Life Insurance . If the beneficiary decides to leave the money with the insurance company to continue to grow , they would have to pay taxes only on whatever growth there was on that benefit , not the benefit originally paid in the policy . Also , if there was a very large estate , there might be some tax for the estate to pay . Life Insurance has some absolutely incredible tax benefits which I would be very happy to explain to you . You can even take cash out for a car , college , a new home , retirement , and if done properly , not pay any taxes on these funds . Just Call Me . Gary Lane , Agent , New York Life , 949 797 2424 . Thanks .


Input: How Much Coverage Do I Need For Renters Insurance?

Output: For guidance on selecting Renters Insurance call us in the states of AZ , GA , CA , or TX we 'll be glad to assist you . renters are often unaware of the discounts available for placing your auto insurance and your renters policy with the same carrier . It is not unusable to see 70 % or greater of the cost of the renters policy `` paid for '' with savings on the auto policy


Input: How Much Coverage Do I Need For Renters Insurance?

Output: Talk to your Insurance Professional about your particular situation . There are 2 basic elements of a Renter 's policy : 1 -RRB- Personal Property Coverage and 2 -RRB- Liability Coverage . Personal Property coverage should reflect the value of your personal belongings . Most companies offer a `` Replacement Guarantee '' settlement option , but usually require a minimum amount of stated coverage in order to trigger that . As for Liability , frankly most companies offer a range between $ 100,000 and $ 300,000 . The difference in premium is so minimal -LRB- usually under $ 10.00 annually -RRB- that I personally recommend going with the higher amount .


Input: Why Not To Buy Disability Insurance?

Output: You do n't have to purchase disability insurance if you 're independently wealthy or have safe investments that can last until retirement . But most American workers has less than 90 days in cash reserves , so for them , for the rest us we need paycheck protection against illness and injury that can knock us out of the work force .


Input: What is Buy-Sell Disability Insurance?

Output: Buy-Sell Disability Insurance is commonly purchased by business owners to prepare for the financial burden of a partners disability . The policy provides cash for another owner to purchase the disabled partners share of the business . This policy does not replace income , but it does protect the business . The disabled owner is able to sell his portion of the business and the business remains intact and fiscally stable .


Input: Can I Claim Gym Membership On Private Health Insurance?

Output: An individual health insurance plan is generally not going to pay for your gym membership . However , they may offer certain wellness programs for you to be active and continue your good health . Some plans may offer a discount on memberships of facilities the carrier has an association/contract with . You will need to review your specific plan or contact your agent/the carrier to find out what programs , if any , are available . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: Does Liberty Mutual Cover Car Rental Insurance?

Output: Rental car coverage is optional and must be added on . You must have comprehensive coverage in order to have the option of adding rental car coverage to your policy . It will cover your cost of a rental car if your vehicle is in the shop getting repaired because of an accident .


Input: How Much Does Medigap Cost?

Output: Medigap Plans will vary in cost depending on your age , smoking status and the state that you live in . It will also depend on which Plan you go with . Some plans can range between $ 100 - $ 200 per month in states like South Carolina , North Carolina , Colorado , Texas , Michigan and Georgia . However , premiums in Southern Florida are generally higher than in other areas of Florida . The amount of co-insurance , deductibles and co-pays you can save by having a Medigap Plan makes it a very easy decision to make . You can get more information on our website about what the different Medigap Plans would cost . I would be happy to answer any other questions you have .


Input: What Types Of Disability Insurance Are There?

Output: There is employer sponsored group short term disability insurance . There is business overhead insurance . There is bank loan disability insurance . There is business buyout disability insurance . There is retirement contribution disability insurance . There is individual disability insurance for business a deduction and nondeductible disability insurance .


Input: Does High Blood Pressure Affect Life Insurance?

Output: Hypertension can impact the underwriting process for life insurance . It really depends on how well it is controlled by medication or by other means . Other related conditions may add complexities . Uncontrolled situations may lead to postponement . However , in well controlled situations , it may have little impact on rates such that even preferred rates may be available .


Input: Does High Blood Pressure Affect Life Insurance?

Output: In a word , yes . High blood pressure is one of many health conditions that have a bearing on the rate an insurance company will charge . Companies are usually pretty understanding of high blood pressure assuming the applicant is maintaining somewhat normal readings with medication . If you have high blood pressure , the insurance company will want to see a year of controlled readings in order to get the best rates .


Input: Does High Blood Pressure Affect Life Insurance?

Output: How does high blood pressure effect life insurance ? HBP effects the rate class you are given by underwriting . You could possibly be a decline if your blood pressure is too high and untreated . High Blood Pressure is linked to heart conditions and underwriters are concerned about untreated high blood pressure . On the other hand , a person with high blood pressure who has had treatment -LRB- medications -RRB- and shows good control of the problem , can even secure a preferred rating with some companies .


Input: Does High Blood Pressure Affect Life Insurance?

Output: Hypertension and high blood pressure can affect life insurance pricing because the risk to the life insurance company is greater . However , in recent years , managed hypertension and high blood pressure with medication and annual doctor visits can `` mitigate '' some of the exposure to the life insurance companies . There are significant differences inunderwritingpractice from company tocompany . We monitor the companies known in the market as benevolent underwriting .


Input: Does High Blood Pressure Affect Life Insurance?

Output: Yes , having uncontrolled high blood pressure can affect life insurance . It can cause the premiums to go very high or even cause the policy to be declined . This is especially true if the hypertension is in tandem with other health conditions such as diabetes , sleep apnea , or renal disease . On the other hand , blood pressure that is well controlled with medication may only affect your rates slightly , or not at all . Using a broker with many options will help you get your best rate while having high blood pressure .


Input: Does High Blood Pressure Affect Life Insurance?

Output: High blood pressure -LRB- hypertension -RRB- that is uncontrolled can cause a policy to be rated up or even declined , especially if it is in conjunction with another health condition such as diabetes or kidney disease . Some insurance companies look at your average blood pressure reading over a couple of years , while others will ask if you had any readings over a certain number in the past year or so . Some insurance companies will rate Preferred Plus just as long as all other health is in that range and blood pressure is well controlled . Some will only rate as good as Preferred or lower with use of blood pressure medication . The type and number of meds taken can also make a difference . By using an agency that carries a number of companies , you can find the one that rates you best based on your particular hypertension details .


Input: Why Should I Get Critical Illness Insurance?

Output: You should purchase critical illness insurance if you 're concerned with maintaining your current lifestyle ini the event of a critical illness . Even if your health insurance plan pays the hospitals and providers who is going to pay your bills and other costs of living while you are recovering from your critical illness ? With benefits paying lump sum cash to you , you can pay the mortgage , car notes , credit cards etc while you recover .


Input: Why Should I Get Critical Illness Insurance?

Output: You should look into critical illness as a part of your medical insurance defensive planning . If your family has a predisposition to disease or confinement based of a disposition to illness , then you should consider critical illness insurance . Your vocation may have health consequences not paid by workers compensation . If thats true or highly possible then you should consider critical illness .


Input: Why Should I Get Critical Illness Insurance?

Output: If your family has a predisposition to chronic illness or specific disease , you may want to consider critical illness insurance to supplement your medical coverage . It 's also important to address critical illness offered in medical group plans because the price can be cheaper that individual critical illness insurance coverage .


Input: Which Car Insurance Is The Worst?

Output: The worst car insurance is the policy that you failed to purchase , or allowed to lapse . That policy will not pay anything on a claim . The next worse is the policy with limits that are too low . The policy may pay some benefits but the benefits can be exhausted while the accident still needs a great deal more money . The third worst is the policy that is serviced by a computer or call center . When you need help , advice , and solace , it is hard to turn to a person in India or some electrons on a circuit board .


Input: When Can I Switch My Medicare Supplement Plan?

Output: You are allowed to switch your Medicare supplement plan any time you wish . Some states like CA and MO have special rules giving you an opportunity to switch plans on your birthday or plan anniversary without having to prove insurability . Most states do n't have that rule . You can still switch plans any time but you must submit evidence of insurability .


Input: Does General Liability Insurance Cover Auto Accidents?

Output: Your liability -LRB- bodilyinjury and property damage -RRB- should cover you on an auto accident . Naturally , it is assumed that you have current coverage on the vehicle you are driving , a valid driver 's license and the damages you caused were within the limits of your policy . If you have an accident , of course , immediately contact your broker .


Input: What Insurance Is Needed For Long Term Care?

Output: There is an insurance called Long Term Care Insurance that is designed specifically for long term care needs . Some Life Insurance policies have built in living benefits for chronic illness that can pay a cash amount to be used for long term care , and some Life Insurance policies offer riders that operate somewhat like Long Term Care policies do .


Input: What Factors Affect Auto Insurance Rates?

Output: There are many things that the insurance industry uses for rating factors . Your age your credit your driving history . In some states your sex also plays a factor in rating . In Montana the rates are not affected by your sex . Also some states being married or single makes a difference also . The biggest rating factor with many carriers are the amount of claims and accidents and population in the area you live in . Example would be here in the town I live in there are many DUI and accidents but 22 miles away in a smaller town and les accident and claims the rates are lower .


Input: What Does Homeowners Insurance Cover In Texas?

Output: A homeowners policy will cover the home and contents in the even of damage due to wind , fire , hail , smoke , etc. . It does not cover wear and tear and breakdown of your appliances . Nor does it cover plumbing and/or electrical wiring . Water damage is covered at an additional cost depending on what type of policy you have . Its always best to consult your agent on the specifics of your policy .


Input: What Does Homeowners Insurance Cover In Texas?

Output: Greetings ! You have asked a very key question . To be honest , the short answer is ... It depends . Yes , I know not exactly what you were looking for . Let me step back and explain . The answer to your question depends not only on what company you take you coverage through , but also which policy type you elect . I agree with Felicia , who answered first , when she says consult with your agent . I would also suggest looking for information through OPIC if your are in Texas I suggest checking it out . It gives consumersinsurance information on Auto , Home ... etc. . They are : opic.state.tx.us online .


Input: Does Medigap Cover Dental And Vision?

Output: Generally speaking dental and vision coverage needs to be added as a separate plan . Routine dental and vision care is not covered by Medicare and therefore not covered by a medigap plan . Some procedures may be covered if Medicare determines it is medically necessary . I suggest you contact an independent agent who specializes in Medicare to assist you with this coverage ...


Input: Does Medigap Cover Dental And Vision?

Output: Routine dental and vision care -LRB- such as annual eye exams , routine dental checkups , fillings , crowns , etc. -RRB- is not covered by Medicare and therefore a Medigap plan does n't cover it . Some procedures may be covered under certain conditions -LRB- e.g. you had to go to the emergency room and it was medically necessary to repair something in your mouth immediately or your eye was injured -RRB- - you can check with Medicare if you 're not sure if a given procedure would be covered . Medigap plans are standardized meaning the plan itself is exactly the same , regardless of the carrier you buy it from . Some carriers may offer value-added services with a Medigap plan such as discounts on some services with certain physicians , but not actual dental and vision insurance . If you want to have dental and vision coverage , you would need to add them as a separate supplemental plan . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: What Is A Unit Of Life Insurance?

Output: A unit of life insurance is $ 1,000 of life insurance protection . Therefore , if your life insurance costs $ 1 per unit , a $ 100,000 policy would cost $ 100 per year in premium . If you bought a $ 10,000 child rider , you would be buying 10 units of life insurance coverage for your children .


Input: What Is A Unit Of Life Insurance?

Output: Video Transcript : What is a unit of life insurance ? Generally , most people will buy their insurance , they 'll say , `` I need $ 1/2 million or $ 100,000 . '' Sometimes , you 'll look at children or spousal attachments . Instead of doing a term writers , some people buy their extra insurance for children and spouses based on unit . Those units could be as small as $ 2000 , $ 5000 , $ 10,000 in units , and they buy them in price tags . They 've already homogenized and made a standardized price tag for each one of these units . Those units then are attached to the policy and become part of the contract . In case something happens , those units would pay out according to the death benefit amount .


Input: How Much Is Renters Insurance Allstate?

Output: Renters insurance can vary in price base on many different factors . In Arizona a typical $ 20,000 in personal property , $ 100,000 in liability policy costs around $ 13/month . If you 're in Arizona you can call my office for a free quote -LRB- 480-985-6141 -RRB- , otherwise contact your local Allstate agent and they can run together a quote very quickly for you .


Input: Can I Sue My Life Insurance Company?

Output: That is a great question ! The simple fact is that you can sue anybody , or any company . All you will need is a competent lawyer , a good reason to sue , and a solid winnable case . If you have all of those things , then you can bring suit against your insurance company . Good luck . Thanks for asking !


Input: Can I Sue My Life Insurance Company?

Output: You can sue . But when there are disputes between an individual and an life insurance company , it is highly recommended that you hire an attorney who understands insurance or practices in the security field if variable products are involved . The attorney will examine the facts and help you decide if you should be forward with your suit .


Input: Can I Sue My Life Insurance Company?

Output: Occasionally the wording of an insurance policy will require that all disputes be submitted to arbitration . Courts , generally , favor that procedure ; however , if the cause of action is sufficiently serious the case might well be heard in court . Insurance companies do not like to litigate . If they decide to litigate it is generally a calculated decision .


Input: What Is Metlife Critical Illness Insurance?

Output: Metlife critical illness insurance pays a lump sum to the beneficiary of the policy if the insured person develops one of the qualifying health conditions . Metlife 's critical illness insurance also offers options for the dependents and spouses or domestic partners of the insured person . It is a group policy .


Input: What Is Metlife Critical Illness Insurance?

Output: Metlife Critical Illness Insurance is a group policy that is sold through businesses to employees . It is meant to supplement health insurance , not replace it . If the insured person would develop one of the qualifying illnesses , they would receive a lump sum of money that they could spend at their discretion .


Input: Can My Employer Drop My Health Insurance?

Output: You employer may drop your health insurance . However , there are many underwater stones involved with this executive decision . For example , the employer can not drop the coverage for you only , except when you , for example moved from Full Time to Part Time and in order to be eligible for benefits you must work full time . Or may be you were moved from employee status to 1099 ? If you 've learned that your employer dropped your health insurance , but other employees of the company still receive this benefit - contact a lawyer . This could be a basis for a lawsuit against your employer .


Input: When Were Annuities Invented?

Output: Some historians believe that the basic concept of annuities were developed by Rome for their soldiers in terms of burial costs and a stipend of systemic payments . But from there developed payment structures that morphed into various income streams based on fixed time periods and now life time income .


Input: What Kind Of Life Insurance Policy Can You Borrow Against?

Output: Permanent cash value life insurance can accumulate cash values tax deferred and can be borrowed against by the policy owner . Keep in mind that surrender charges may limit the account vales you can borrow and like all borrowing , there is an interest charge for the policy loans : zero net cost , wash , spread , direct recognition and participating policy loans .


Input: What Kind Of Life Insurance Policy Can You Borrow Against?

Output: You can only borrow from life insurance that has cash value . Term life insurance does not have any cash value , so you can not borrow against Term insurance . Whole Life and Universal Life are both permanent policies that can be borrowed against , as long as enough cash value has accumulated to borrow from .


Input: Why Should Smokers Be Denied Access To Medicare?

Output: They are not . Anyone telling you this was either seriously misinformed or really messing with your head . Tobacco usage has absolutely no bearing what so ever on a person 's eligibility for Medicare nor are they subject to any penalty for being a tobacco user -LRB- other than the negative health effects associated with tobacco use -RRB- .


Input: Why Should Smokers Be Denied Access To Medicare?

Output: That 's a great question . I 'm assuming that it is rhetorical , since Medicare is available to you whether you are puffing two packs a day , or do n't smoke at all . If there were a reason why they would be denied a share of the Medicare pie , it would be because of the infinitely greater drain on the system that smokers cause . The health effects of smoking are horrible , and tremendously expensive . You can say the same thing for obesity , though , so you could answer the same for them . Thanks for asking !


Input: Why Should Smokers Be Denied Access To Medicare?

Output: Smokers are not denied access to Medicare . Using tobacco does not affect your Medicare eligibility or change the rates you pay for Original Medicare -LRB- Parts A & B -RRB- . Eligibility for Medicare is based on age -LRB- unless qualifying due to disability or ESRD -RRB- . Using tobacco products can increase premiums for supplemental benefits -LRB- e.g. Medigap plans -RRB- if you 're being medically underwritten , but not typically a major increase . Please feel free to contact me for further assistance . Thanks very much .


Input: Can My Brother Add Me To His Health Insurance?

Output: No , your Brother can not add you onto his health insurance plan . Unless , for some reason he claims you as his dependent on his taxes . If that 's the case he will be able to add you . T The rule of thumb is that as long as you claim another family member on your taxes then you can all be on the same health insurance plan .


Input: Can My Brother Add Me To His Health Insurance?

Output: Your brother can only add you to his health insurance if he claims you as a dependent on his taxes . If he does n't , then he would n't be able to add you to his plan . Under the Affordable Care Act , health insurance plans are guaranteed issue , meaning you ca n't be declined for coverage due to a pre-existing condition or other health-related issue . So if your brother ca n't claim you as a dependent and a spouse does n't have a group plan through the employer , you will need to look at an individual policy - these can be bought on or off the health insurance exchanges .


Input: Can You Add People To Your Renters Insurance?

Output: The standard definition of who is covered under a renters policy is of course you , your relatives who live with you , anyone under 21 who is under your care and your legal representative if you were to die . If someone doesnt meet these categories and reside in the residence with you they can probably be named . Check with your agent to determine how that can be handled . If you want someone who doesnt live with you to have coverage , that probably can not be done .


Input: What Is Classed As A Classic Car For Insurance?

Output: In most cases a `` classic car '' is ued solely for `` automobile displays '' and is used or driven very little . At some point in the history of this car it has stopped depreciating and has increased in value . For example , the 1955 Thunderbird , the 1957 Chevrolet . We could have bought a stable full of these jewels in 1955 and 1957 for about $ 4000 piece and now they are worth a boat load . These cars obviously require meticulous maintenance and storage standards


Input: Does Homeowners Insurance Cover A Hotel In The Event Of A Power Outage?

Output: I think what you are asking is would a Homeowner 's policy provide support to stay in a hotel if your home is uninhabitable as a result of a covered loss . It is always a good idea to discuss the specific terms and conditions of your policy with your Insurance Professional , of course . However , in my experience here in CT , most Homeowners ' policies include coverage for `` extra expense '' incurred if you have to live elsewhere while your home is being repaired or rebuilt after a covered loss . This is usually necessary after a rather serious occurence that makes a home completely uninhabitable due to structural damage , a fire or hurricane for example . In the cases I have seen involving only electric power loss to a home , this is usually as a result of a storm . In situations like that , I have not seen a case where the home has been genuinely uninhabitable for an extended period of time . Power is usually restored within a few hours .


Input: Does Homeowners Insurance Cover A Hotel In The Event Of A Power Outage?

Output: Hotels are covered under commercial insurance . A homeowners policy is a package made for personal lines insurance . Neither a commercial policy nor a homeowners routinely provides coverage for a power outage that occurs off site . If the centricity company is at fault , they are the ones that need the insurance .


Input: How Can I Compare Home Insurance Quotes In Oregon?

Output: Great question ! The easiest way is to find an independent agent who can run the quotes for you . Internet quote engines are designed to give you an approximate , the agent will be able to give you a more specific idea . An independent agent is one that does not work for one specific company , like State Farm or Allstate . They can run quotes for you from more than one company.Thanks for asking !


Input: What Is The Difference Between Hmo And Traditional Health Insurance?

Output: An HMO -LRB- Health Maintenance Organization -RRB- utilizes the concept of a PCP -LRB- Primary Care Physician -RRB- to coordinate your healthcare . Typically , all of your treatment is arranged and approved by the PCP and a network of providers accepts a reduced or negotiated payment to treat members . HMOs are very popular in may parts of the US .


Input: Can You Deduct Whole Life Insurance Premiums?

Output: Yes we can set your account up to deduct your payment from your checking or savings account monthly . You will be provided with a bank draft form that you will then sign . We will also collect a copy of a voided check to go with this bank draft form . This will be sent to the company for them the set your whole life policy up to deduct your insurance premium monthly from your account automatically . This will help to assure that your payment is made ever month on time .


Input: What Will Void A Life Insurance Policy?

Output: what will void a life insurance policy ? Basically any deciet given during the application process will void a policy if found out within the first two policy years . After that , in most cases contestability by an insurance carrier has ended . Except some states have modified contestibility laws sometimes in the insurance company 's favor . In my state , concerning lying about smoking on the application , there is no limit for an insurance company to contest . The state considers the policy null and void . Other states may have something similar .


Input: What Will Void A Life Insurance Policy?

Output: There are a couple of reasons why a life insurance policy would be declared void by the issuing company . During the first two years of contestability , suicide of the insured and fraud discovery can void the policy . And with some states and life insurance companies fraud may extend for a longer period .


Input: What Will Void A Life Insurance Policy?

Output: When a person applies for life insurance they make representations . The company issues the policy on these statements . If the person makes false representations the company has some recourse to refuse coverage normally for a limited time . If the person commits suicide in the first two years , most companies will refuse coverage . When a life insurance company refuses coverage they return the premiums paid .


Input: What Will Void A Life Insurance Policy?

Output: If a person lies on an application the policy will be rescinded and premiums paid refunded . For example , if you have sound reason to believe that you have cancer . Even though it has n't yet been diagnosed , if the company finds out or you die within two years the policy will not pay .


Input: What Will Void A Life Insurance Policy?

Output: Generally , a policy may be considered void in the event of fraud . There have been many well publicized instances in recent years of insurance fraud concerning stranger owned life insurance transactions . Life insurance companies have been able to rescind coverage and the cases end up in the courts eventually . These situations are rare but they have been known to occur .


Input: When Should You Buy Disability Insurance?

Output: Disability insurance is best purchased when you are in good health and able to identify the risk of lost income if you become disabled . There are many affordable policies from top-rated insurers that can be compared . A full-time broker or financial planner is your best resource for information . They can review your specific needs and recommend a policy that meets those needs at a price you can afford .


Input: Does Medigap Cover Prescription Drugs?

Output: Generally speaking , a Medigap policy will not cover prescription drugs . However , certain prescribed drugs covered under Medicare part B qualify for coverage under a Medigap policy . Most prescription drugs require enrollment into a part D prescription drug plan . I recommend locating a licensed agent specializing in Medicare/prescription drug plans to find the prescription plan the best suits your needs ...


Input: Does Medigap Cover Prescription Drugs?

Output: For all intents and purposes , the answer is no . There are certain drugs , which must be prescribed , e.g. Cancer treatment drugs , that are covered under Medicare Part B. Drugs covered under Medicare Part B would also be covered under a Medigap policy . Most prescription drugs however are not covered by traditional Medicare -LRB- Parts A and B -RRB- or Medigap supplemental insurance . An eligible Medicare beneficiary needs a Part D prescription drug plan in order to obtain drug coverage . You can enroll in a Part D plan at Medicare.gov , subject to certain enrollment period restrictions . As an alternative to a stand alone Part D plan , a beneficiary can enroll in a Medicare Advantage Plan that includes Part D coverage -LRB- MAPD -RRB- . A beneficiary who enrolls in an MAPD can not have a Medigap policy or a stand alone Part D plan . It 's a good idea to find a licensed insurance agent who specializes in Medicare plans to review your needs and objectives and present you with optimal solutions .


Input: Can Homeowners Insurance Cancel Your Policy?

Output: The insurance company can cancel your policy for failure to pay the premium . It can also cancel the policy if the underwriter determines that the property was not correctly described or that the agent acted beyond his authority to bind coverage . Companies routinely cancel policies when they determine that a property has been vacated .


Input: What Is Covered With Renters Insurance Water Damage?

Output: Water damage is a leading cause of property losses . In the tenants policy provided by most insurance companies , damage from water coming into the house from outside is not covered -LRB- flood insurance is available . -RRB- Damage that is caused by water that comes from the backup of a sewer is also not covered unless that coverage has been elected . If the loss comes from seepage or leakage it is also excluded unless it is caused by accidental leakage . Even if damage is covered repairing or replacing the system that caused the leak is not covered .


Input: Is Cashing Out Life Insurance Taxable?

Output: Depends on what type of cash value life insurance youre addressing . If the contact is Indexed , Variable or Current Assumption Universal Life Insurance , any amount over the original contributions -LRB- basis -RRB- will be treated as profit -LRB- gain -RRB- and taxable at ordinary income tax rates . Participating Whole Life Insurance is similar , but its important to note the to the extent that dividends , which are a return of unused premium , are treated as your original contributions -LRB- basis -RRB- , any amount greater than that would be treated as profit -LRB- gain -RRB- and taxable at ordinary income tax rates . Always request a policy in force ledger and the last annual statement , and then in turn , have an insurance and tax expert review it before surrendering a cash value policy . Keep in mind that surrendering the policy will terminate the death benefit coverage .


Input: Is Cashing Out Life Insurance Taxable?

Output: Cashing out a cash value life insurance policy in almost all cases will have proceeds subject to ordinary income taxes . The good news is most life insurance premiums have been paid with after tax dollars so , therefore only the proceeds or gains are subject to tax . You may also borrow from your cash value if you need money and those funds are income tax free . I suggest sitting down with your life insurance agent and discussing all of your options to avoid making a costly mistake .


Input: Is Cashing Out Life Insurance Taxable?

Output: Is cashing out Life Insurance values taxable ? It can be depending on what type of policy you have , it can also provide you with how much of the gain is considered taxable . Keep in mind your premiums paid in have in most cases already been taxed . If you are dealing with a mutual company that pays dividends , the portion of the values that are dividends will not be taxed . You are left with the gains on the policy . IF you are considering cashing out , contact your company and ask them to prepare a statement prior to so you can see and plan accordingly .


Input: Is Cashing Out Life Insurance Taxable?

Output: Maybe . It depends on how much you 've paid in which is your cost basis in the contract -LRB- total premiums less withdrawals , if any -RRB- . You also need the cash surrender value . Your annual statements will show these numbers as of the anniversary date of the policy . A call to the insurance company would give you an updated amount as of now . You would have income tax liability on the gain -LRB- cash surrender value less basis -RRB- .


Input: Should I Shop For Homeowners Insurance?

Output: I always suggest contacting 5 insurance companies . Saving all your quotes so that comparison is the same with all of the companies . You will find a wide range of prices . I personally suggest going with a company that does not high ball you on your coverage when not needed . They have tendency to raise your premiums yearly based on a national formula as comparing with your actual home value and location


Input: Will Health Insurance Pay For Gym?

Output: There are specific health insurance policies -LRB- often HMOs -RRB- that will partially reimburse you for gym memberships . They will also reimburse you for portions of your YMCA or JCC memberships along with other fitness classes . It 's best to check with the individual carrier for specific details or your broker that may be aware of the company 's policy .


Input: Who Has The Most Affordable Homeowners Insurance?

Output: There is no such thing as who has the most affordable homeowners insurance or any insurance for that matter . Insurance companies base rates on many different criteria which can and do include home characteristics , location and the individuals who own the home . Your next door neighbor may use one company but that very same company may not be the best option for you . My suggestion is always consult with a local independent agent who works with multiple insurance companies . An independent agent would be able to look at all the different options to find what is best for your needs . After all , do n't we all want the best coverage at the most affordable premium .


Input: Will Disability Insurance Cover Maternity Leave?

Output: Let me follow up a bit here . I private disability WILL cover maternity if it is not in the exclusions page as excluded from the policy coverage . If it is not listed as excluded , it comes down to the definition of disability -LRB- or even partial disability -RRB- in the contract . Coverage is going to depend on the definition . Simply can you still work and what has your doctor told you ? For example if your doctor decides you need bed rest because of your health situation , and your definition of disability in your policy meets your situation and is not excluded , you 're fine , so to speak . Disability is very straight forward . The definition of what disability is and the page that cites exclusions are VERY important .


Input: Will Disability Insurance Cover Maternity Leave?

Output: Disability Insurance may cover maternity leave if it is provided as a Group Short Term Disability plan and if the insured has met the criteria for qualifying for a claim related to maternity and childbirth . Private Short Term Disability does not cover maternity leave , nor does Long Term Disability Insurance , whether purchased privately or provided in a group plan . However , complications of pregnancy and childbirth are usually covered .


Input: Will Disability Insurance Cover Maternity Leave?

Output: Will disability insurance cover maternity leave ? It 's going to depend on what your policy states in regard to payment of coverage where pregnancy is involved . There is n't a hard fast rule that pregnancy would n't be covered by a policy . It 's going to depend on the company and the contents of the policy .


Input: What Happened To Royal Life Insurance?

Output: I had to do a little research and found the address & contact information below . It looks like it may be a part of Hartford Life . If you have a policy with Royal , there should be a phone number for customer service as well . WEBSITELINK Hartford Life , Inc , 55 Farmington AvenueSimsbury , CT06089 Phone : -LRB-860-RRB- 547-5000


Input: Who Pays For Medicare Part D?

Output: You will pay the premium for your Medicare Part D plan . In most states these plans can range between $ 12 - $ 75 per month depending on which plan you select . Having the Part D in addition to a Medicare Supplement will give you the most flexibility because you will be able to change one without having to change the other .


Input: Who Receives A Medicare Summary Notice?

Output: People who receive a Medicare Summary Notice are those who have received services or supplies through Medicare during the previous three month period . The notice is a summary of those services and supplies , and the maximum amount that you may owe the provider . If you did not have any medical costs during that three month period , you will not receive a Medicare Summary Notice that quarter .


Input: How Much Money Does Life Insurance Give You?

Output: Life insurance will pay to the beneficiary whatever the face amount of the policy is when you die . If you have a permanent policy then you may be able to take a loan out on any cash value that has accumulated in the policy or you can cash surrender the policy for the cash value . Check with your company or agent to find out how much cash value is in your policy .


Input: Where Should I Get Renters Insurance?

Output: While there are several places you could go to purchase a tenants policy , I recommend that you contact a trusted insurance agent . To find an agent get recommendations from friends , colleagues or neighbors . An agent should listen carefully to you , provide solid financial advice and communicate clearly with you and with the insurance company . Too often the emphasis is on the price when it is the recovery at the time of claim that makes all the difference . Get help .


Input: Where Should I Get Renters Insurance?

Output: You can buy renters insurance from any carrier that is permitted to do business in your state and who writes renters insurance in your state . The right company will depend on your circumstances . You should seek out the assistance of an agent who is licensed to do business in your state who can show you quotes from multiple carriers so you can determine which carrier and product is best for you .


Input: How Soon Do You Need To Get Different Auto Insurance After You Move To Another State?

Output: Generally state laws require establishing residency within a certain amount of time within the state . Once residency is established , registration and insurance would need to be changed as soon as possible . Requirements vary from state to state , but you can find a summary on this website WEBSITELINK The requirements for Alaska , for instance , is 90 days . Massachusetts , however , is only 30 days . Check the resource for information about your particular state .


Input: How Soon Do You Need To Get Different Auto Insurance After You Move To Another State?

Output: The short answer is fairly soon if you intend to register your vehicles in your new home state . Personal auto policies , in general provide seamless coverage to you as you drive from state to state . However , most if not all states require that you show proof of auto incurance issued in that state in order to register your car -LRB- s -RRB- for regular use on their public access roads and highways . That means though you would be covered while driving through Connecticut in your Maryland registered and insured car , Connecticut DMV would not accept an insurance ID card from Maryland in order to register your car here .


Input: How Soon Do You Need To Get Different Auto Insurance After You Move To Another State?

Output: If you stay in another state for more than 60 days you 're going to have to get insurance from that state , that is usually the minumum amount of time for you , even if you do n't plan on being there for even six months , or a year . That 's in most states .


Input: How Soon Do You Need To Get Different Auto Insurance After You Move To Another State?

Output: Not only will state requirements be something to consider , but keep in mind you 'll need to be in compliance with your insurance company 's guidelines as well . Some companies require changes to your policy , including address change , must be reported within 7 days , while others give longer . Some companies will even let you ride to the end of your term before requiring your policy to be rewritten to the new state . Though you may not want to wait that long , as your old policy may not meet state minimums or include required coverages in your new state of residency - some companies will adjust your coverages to state requirements , and others do n't . It 's best to handle this change as soon as practical .


Input: How Soon Do You Need To Get Different Auto Insurance After You Move To Another State?

Output: Most states require 30 days after you have established a residence ... but I have seen some people `` reside '' with a friend just across the border for years and never change it . Flags come up when taxes and insurance are not paid , or inspection stickers go out on tags . It 's according to what the state you 're in says . Check twice before you jump they always say .


Input: How Soon Do You Need To Get Different Auto Insurance After You Move To Another State?

Output: The most common time to get new insurance is 30 days . There may be some flexibility however before you can register your auto in the new state you will need to establish your new insurance policy . Also going to long could get you fine should you happen to encounter an officer who is not in a generous mood .


Input: If I Change My Deductibles One Day Will A Claim Be Covered The Next?

Output: The deductible is applied to damage to your car . When you change the amount of the deductible you are only changing the amount of the claim that you pay . The obligation for the company to pay the claim has not changed . The company might consider it odd and rule out fraud before paying the claim .


Input: How Much Life Insurance Can You Get If You Have Been Diagnosed With Breast Cancer?

Output: Traditionally , you can get up to 20-30x your income level of life insurance . The medical history does not necessarily limit how much you can get . The medical history determines the risk classification which controls the premiums for the coverage you want to put in place . When it comes to breast cancer , the details of the medical condition will determine which carriers will offer coverage and what the risk classification would be -LRB- each carrier has different underwriting , you may not get the same risk class offer from each of them -RRB- , The best thing to do is to shop the case via an independent insurance agent/broker who can shop it to multiple companies . You do NOT want to apply to multiple companies as this can work against you due to the MIB -LRB- Medical Information Bureau -RRB- - from a company 's point of view , it 's sort of like a red flag if you will if they saw you applied to multiple companies which they can check the MIB for . In order to secure the most accurate quotes for the coverage , a number of factors would need to be known such as when the cancer was diagnosed , what stage is it in/was it in , how was it treated , has treatment been completed , are there anymore tests scheduled or that need to be completed , are you being treated for any other conditions , what prescriptions do you take , family medical history , and other factors . If you have a copy of the pathology report , that will help with a lot of the input . If cancer is current , guaranteed-issue whole life -LRB- GIWL -RRB- will be the only type of coverage available as it does n't have any medical questions or exam requirements . However , the amount of coverage available under a single policy is $ 20,000 - $ 25,000 , depending on the carrier . To get more than that , you would need to stack multiple policies . Under GIWL policies , they traditionally feature a 2 or 3 year graded period - meaning you only have accidental death coverage during those periods , otherwise the carrier just returns the premiums paid into the policy if death occurs during the graded period . After the graded period expires , the full benefit is payable . Carriers typically only issue fully-underwritten coverage if the cancer has been in remission/treatment completed for at least 2 years . Many carriers prefer 5 + years from the date treatment was completed for a more favorable risk class . Send me a message via the `` contact me '' button by my profile picture if you would like me to assist with your coverage . My group is licensed with about 50 different carriers in numerous states . I hope the information is helpful - please let me know how I can be of further assistance . Thanks very much .