Input: What Should Be Covered In Renters Insurance?

Output: All of your personal property should be covered . Take pictures of everything in your unit . Estimate the replacement cost of each item . The sum of those figures should give you the limit for your personal property coverage . You should select the highest liability limit available . A law suit could ruin your day and your future .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: The only reason to buy life insurance is when it is required by a contract -LRB- a mortgage doesnt require you to buy life insurance -RRB- or you love someone . If you love someone and want them to continue to enjoy the home and income you provide , life insurance is the answer . If you are merely refinancing your mortgage , you probably have additional capacity to purchase life insurance from the savings on the mortgage payment . Spend a minute the next time you are with a widow and ask them about the importance of being able to stay in the home that they were living in when they lost their spouse . For most this is an enormous issue .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: Anytime something major changes in your life it 's a good idea to evaluate the amount of insurance coverage you need . With a mortgage I would recommend a term policy that covers the length of your mortgage . If your mortgage is 20 years purchase a 20 year gauranteed level term , or for a 30 year mortgage purchase a 30 year term . This is the most economical way to protect you and your family if a tragedy occurs . If soemthing happens your spouse has the funds to pay off the mortgage . If not your cost remains level while the mortgage is in force and goes away when the mortgage is paid off . To save money you may want to ask your insurance agent about layering the term policies to cover your mortgage .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: The need for life insurance for most people increases with debt . The fact that your question states that you have a new mortgage suggests you now have a new debt . If you or your spouse or partner were to die and that income is lost , would it be a burden to the other loved one to cover this new debt ? If the answer is yes , you need additional life insurance . If you just closed on the new house you will soon receive or be bombarded is probably a better way to describe it , with letters about mortgage life insurance . These letters will look as if they are being sent by your mortgage company , but chances are they are not . Life insurance companies pay mortgage lenders for their lists and their logos to create leads to sell decreasing mortgage insurance . As you pay off your mortgage through the years , the face amount or benefit to your loved ones decreases , because you owe less to the bank . If you purchase a guaranteed level term life insurance policy , then your loved ones get the difference not the insurance company . If you have a 30 year mortgage for $ 200,000 , purchase a $ 200,000 30 year level term policy to cover that debt for your loved ones . When you pay off the mortgge drop the insurance coverage . Never leave a loved one holding excess debt when you die .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: It may not be a good idea to get more life insurance after getting a new mortgage . You may have enough already . Heres how you could find out . Ask yourself the following : Do I have enough coverage so that my spouse can pay off the mortgage if I pass away ? What if I take out a second mortgage ? Do I have enough coverage for that as well ? What if I feel I have enough coverage for both the mortgage and my dependents - but then have another kid ? Then I would need more of the benefit to replace my income , and so would have less to cover the bank debt . How about any other family obligations ? Are my parents financially secure ? Any chance one or both would become dependent on me ? If so , that would create a demand for more coverage . Any business obligations ? Is my partnership agreement funded ? The services of my key people indemnified ? Bank debt insured ? Estate preservation ? Charitable gifts ? Can you see where I am headed with all these questions ? If you have completed a financial needs analysis , covering both current and future needs for life insurance , then you could be pretty sure whether or not you have enough coverage . If you are like most other people , you dont . You will probably end up buying another policy :-RRB- .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: That is indeed a good question , and my answer would be , `` probably '' . If you already have a Whole Life policy that is making money for you and increasing in benefit each year , this would be a time that I would recommend a separate Term policy to cover the mortgage . If you have a 25 year mortgage , and you have a WL policy already , you might want to implement a 20 year Term policy for the amount of the mortgage . That way in the event of your death the mortgage will be paid , and possibly more , and your family will still have the benefit from the WL policy to help them with their other needs .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: The debt to income ratio required to obtain a mortgage often necessitates two incomes in order to buy a home . If one of those wage earners were to pass away , it is nearly certain that the other will not be able to afford paying the mortgage on their own . Thus , in addition to adjusting to all the other difficult changes brought about by death of a parent and/or partner , survivors are forced to find and move to another home . A low cost term life insurance policy with a face amount equal to the mortgage will pay off the mortgage and save survivors from much unneeded trauma .


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: This is a good question . Because you used the word `` more '' , I am guessing you already have life insurance . Take a look at your coverage to determine if it would be enough to pay off the debt . If it is not , then a term policy would be a great option . If this question came to mind because Mortgage Life Insurance was offered by the lender I would caution you to consider buying standard term life instead . Since mortgage life insurance is designated to pay off the loan it typically has a decreasing benefit that is in line with the pay off of the note . Another words your premiums stay the same but the pay out decreases as your debt decreases . The beneficiary is the mortgage company , so if the note is sold or you refinance you will have to rewrite the policy too . There are scenarios where mortgage life insurance is a good option . One that comes to mind is if someone has an underlying reason why they may be declined for life insurance . Mortgage life insurance can sometimes have less stringent medical screening . Life insurance should always be designed around all your financial needs . That is why it is best to work with a licensed agent who will take the time to understand your particular situation and advise you of your options . Good luck !


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: Great question . Life insurance can be used for many reasons and there are many types of products available . Term insurance is the simplest form . You pay the premium and the company promises to pay out if the unexpected happens . That may work for you . If you 're comfortable and have an agent to work with , you may look at the larger picture and creating a plan that addresses more than the specific need to cover mortgage expenses . There are many opinions and options available on this subject !


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: That is a great question ! If you increased your mortgage , and there is a chance of leaving that debt behind , then it might be a really good idea to add a policy or increase your coverage to hedge against that risk . Knowing that your new mortgage is probably putting a dent into your available funds , I 'd suggest that you look into a term life insurance policy in an amount that would cover the amount of the new mortgage cost . Term policies will be much cheaper than a whole life policy would be , and there is really no reason for the extra expense of the insurance once the mortgage is paid off . A term policy lasts for a specified period of time , and then ends , which makes it perfect for this kind of need . Look for a straight term , or decreasing term policy to cover the mortgage debt . I 'd advise you to find a good independent agent in your area , maybe your homeowners or auto insurance people are a good place to start , if it will earn you discounts on those policies also . Any reputable life insurance agent can hook you up also . If you have any questions on term policies , please feel free to contact me , okay ? I 'm happy to help . Thank you for asking !


Input: Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage?

Output: A mortgage is typically the single largest investment a family will make . Not only is it a large financial commitment but it provides for one of the basic human needs ; housing . As such this investment should be protected for the unexpected . Insurance is a great tool to do that . You can get what is called `` mortgage protection '' which basically can do a couple of things for the insured ; 1 -RRB- You can have it tied directly to the mortgage so that in the event of an untimely death the house is paid off . 2 -RRB- You can have enough coverage to pay off the mortgage in the event of death with the benefits going directly to your beneficiary to use as they see fit . 3 -RRB- You can get enough to allow your beneficiary to continue to make mortgage payments until they decide to either sell the home , refinance the home or make other arrangements . Protecting your investments is always a wise decision .


Input: Who Can Establish A Keogh Retirement Plan?

Output: Keogh plans are retirement plans for self-employed individuals , sole proprietors , partners in a partnership and employees are either . Keogh plans can be defined contribution or defined benefits plans . If the Keogh plan covers one participant the contribution limit is 25 % of compensation capped at $ 51,000 .


Input: Can A Fixed Annuity Be An IRA?

Output: Most IRA 's are fixed annuities but not all fixed annuities are IRA 's . All that this means is that a fixed annuity can be a fixed annuity . A fixed annuity as an IRA is not subject to the direct effect of market risks because the account assets are not held in separate accounts and then invested in marketable securities . Instead , an IRA is invested in high quality instruments by the carrier and the carrier assumes the risk to the IRA capital and to the rate of interest promised to you . The IRA pays interest at fixed rates . A variation of this arrangement is an IRA that is coupled with market investments that have more upside potential for gain without becoming variable products . These are called `` fixed index annuities '' -LRB- FIA -RRB- that are based upon one or another of the market indexes and one of several interest and gain crediting methods . The caveat is that the IRA is guaranteed by the underwriting company -LRB- usually insurance -RRB- and invested similarly to those of most IRA annuities . In FIA accounts , the client shares in the upside potential for gain with the underwriting company and has better upside chances to earn better than the minimum performance guarantees the carriers provides for their IRA with you . This enables you to have performance that more closely matches your interest rate performance to stock and bond market performance . All insurance underwriters of IRA annuities guarantee a fixed minimum rate of return . Performance above the minimum in a FIA is credited to you when market conditions permit and you share with the carrier in these additional returns . Regardless of performance , the minimum rate of return is still owed and paid and the insurance carrier bears this risk of performance . Variable annuities , on the other hand , have no guarantee of performance and may pay nothing at all . Of course , with a greater risk in a variable annuity , performance can be stronger too but the trade off is no gain at all for the possible upside potential . Hope this explanation helps you understand that a fixed annuity can work perfectly well for an IRA .


Input: Can A Fixed Annuity Be An IRA?

Output: Many Individual Retirement Accounts hold flexible premium deferred fixed annuities as their funding vehicle . In addition to providing an excellent rate of return , an annuity provides a built in distribution system that will last the lifetime of the annuitant . The annuity also provides that the proceeds of the IRA can pass outside of probate and directly to a designated beneficiary .


Input: How Much Life Insurance Do I Need When I Retire?

Output: Besides the amount of life insurance you might want to purchase to supplement your retirement income ; or to help pay bills if you become critically , chronically or terminally ill ; you should consider the amount of final expenses you will have upon death . Perhaps you want to leave your home mortgage free for your spouse . You may want to pay travel expenses for your children living out of the country , so that they can afford to attend your funeral . Some people buy life insurance to pay estate taxes , or to leave an inheritance for grandchildren . There are many needs that life insurance can meet in a tax friendly way , even during retirement .


Input: How Much Life Insurance Do I Need When I Retire?

Output: Smart question . You are thinking ahead , seeing that Life Insurance is there as a retirement tool also , not just a death benefit , when you choose Whole Life Insurance . An experienced agent should go over with you the detailed needs you now have and can expect . Such things as the mortgage , a spouse , kids , your income and standard of living . Think of it as a pyramid with a ball rolling down it . The only thing that keeps the ball up now is your income . Later you will need life insurance for your family to keep that ball from down and their standard of living from rolling down with it . During retirement , however , you need to think about being able to take money from your growing whole life policy , to help fund your retirement . The more your expenses will be , the more whole life you will need to get now . Think of retirement as a week of Saturdays . Saturday is the most expensive day of the week for most . Retirement will probably be like all Saturdays for many . If your whole life policy started as $ 1 million , it could easily grow over time to a death benefit of $ 4 million . If you borrow against it for retirement , something that is regularly done by a few insurance plans , you may reduce that benefit over time , but the policy still continues to grow as though the money had remained in . The death benefit still could be more than sufficient , and your retirement could be very pleasantly funded too . You need an experienced agent to work with to make this happen . Gary Lane , Registered Representative and Agent with New York Life , 949 797 2424 . Thank you .


Input: How Much Life Insurance Do I Need When I Retire?

Output: When you retire , the amount of life insurance you need will depend on what you want to accomplish . Since lnsurance , if funded properly , can provide a tax-free income this can be a great supplement to meeting your retirement income needs . Life Insurance , if designed correctly , can provide access to the death benefit if you suffer a critical illness such as a heart attack or stroke . Long-term care needs may also be covered as well . It is critical that you sit down with your agent/broker so all these strategies can be addressed using life insurance .


Input: Does Health Insurance Stop The Day You Quit Your Job?

Output: Great question ! The answer is no - you typically will have coverage for 30 days afterwards . You have the option to keep your coverage after that by enrolling in COBRA , -LRB- and your employer should provide you with those forms -RRB- but you should know that it can be very expensive - you pay both yours and the employers portions of the cost , plus 10 % more . If you need more help , contact me , I 'd be happy to help . Thanks for asking !


Input: How Do I Apply For Medicare In Texas?

Output: If you are age 65 and receiving Social Security benefits , you will automatically be enrolled in Medicare . Otherwise , you can go to medicare.gov to read how to apply for Medicare in Texas . You will be walked through the instructions step by step and be able to apply online , if you like . You can also go to a local Texas Social Security office to apply for Medicare .


Input: How Do I Apply For Medicare In Texas?

Output: You can also go to the website for the Social Security Administration at www.SSA.gov for information and to sign up . One important thing to remember when signing up for Medicare in Texas is that you have a one time open enrollment period when you first sign up for Medicare Part B . This means there are no health underwriting questions and you can select any Medicare Supplement plan available . Medicare Part A & B only covers about 80 % of your medical costs . The Medicare Supplement is designed to cover the remaining 20 % or some variation depending on what plan you go with . We have helped many clients through the Medicare Supplement process in Texas . You can compare Texas Medicare Supplement Plans instantly on our website at SummitMedigap.com or give us a call at 1-888-407-8664 .


Input: How Can I Cancel Medicare Part B?

Output: You can call 1-800-MEDICARE . I highly discourage it however unless you have an employer group plan . You can be penalized by Medicare for every month that you do not carry Part B that you are eligible . If you are in a Medicare Advantage Plan you will be disenrolled because you must have part B to be enrolled in a Medicare Advantage . Not a good idea to cancel your part B . The potential cost over what you would save could be tremendous .


Input: How To Setup A Private Health Insurance Exchange?

Output: Call me at 901-219-8835 or contact me via e-mail at marlin@cdbsagency.com to discuss this . As with so many other things there are variations on the theme of what a private health insurance exchange even is . It can be a system built to allow for the purchase of individual health insurance policies and other insurance products , it can be a platform built around offering a range of group health insurance plans all provided by the same health insurance carrier , and in some instances it can be a platform that provides access to group health plans from multiple group health insurance companies . The size of your group and the nature of your organization 's needs will be determining factors in determining which approach is best for your organization .


Input: How Much Does The Average American Pay For Auto Insurance?

Output: That is a very open question there are many factors when it comes to your rates in the state you are in did you know that you can go to your states insurance commissioners office website and many times they will have a list of the carriers and the average rates that are in your area ? in Montana we are the 6th highest state for rates I recommend you check out your states insurance commissioners office they are full of resources in Montana the average rate it $ 50 a month to $ 200 depending on what area of the state you live in


Input: How Much Does The Average American Pay For Auto Insurance?

Output: The average American pays between $ 60 and $ 200 per month for their auto insurance coverage . Yes , this is a very big range but keep in mind that rates vary quite a bit from one state to another . For example , Ohio rates are fairly inexpensive while New York rates are typically fairly high .


Input: Why Plan Your Retirement?

Output: Social Security will not cover all the expenses that most people have in their retirement , and certainly will not provide enough income to experience some of the desires people have for their retirement . Without planning , money is easily dwindled away on things without meaning . But it could be saved and invested so that there is an extra source of income during the retirement years . You can never start planning early enough for retirement .


Input: Is Self Employed Disability Insurance Deductible?

Output: First off , make sure you ALWAYS consult your financial advisor or CPA for the tax laws regarding insurance premium payments . The average person can not deduct disability insurance premiums . However , business owners with a corporation can pay premiums through their corporation . But at the end of the year , they would need to claim the premiums paid as income .


Input: Is Self Employed Disability Insurance Deductible?

Output: Disability Insurance premiums , if paid by the `` employer '' -LRB- and in this case you as the self employed -RRB- , would create a TAXABLE benefit to the insured should a claim occur . But because you are a Self Employed Individual , Individual disability income insurance premiums paid by a Sole Proprietor are not deductible , and the benefits received are tax-free . If you would like to see an insurance company answer to your question , click on the following link for Mass Mutual 's overview : WEBSITELINK


Input: How Is Income From Annuities Taxed?

Output: Non-qualified tax deferred annuities are taxed as ordinary income on the gain in the policy . The basis or original contributions are tax free . The basis is generally paid last `` first in last out . '' But with lifetime annuitization basis is amortized to life expectancy along with gain as combination payment until basis is exhausted .


Input: Does Renters Insurance Cover Garage Items?

Output: Renters insurance covers any property that you own . If the items are in your garage then they would be covered for any peril covered under your policy . Do not store valuable items in your garage . It is usually much easier to break into a garage than a home .


Input: Does Renters Insurance Cover Garage Items?

Output: If the residence you are renting includes a garage , your personal property stored in the garage would be covered if damaged by one of the covered perils . If the property is stored in a friends garage it would be covered to a specified percentage of your personal property limit . Review your policy to determine that percentage -LRB- usually 10 % -RRB-


Input: Will Medicare Cover A Sleep Study?

Output: Yes , Medicare will cover a sleep study if it is deemed medically necessary due to the Medicare patient showing evidence of obstructive sleep apnea . Medicare Part B covers testing for Type 1 , II , III and IV . Medicare Part A only covers sleep study testing when an overnight stay is involved .


Input: Can One Purchase Burial Insurance For Elderly Parents?

Output: There are a few guaranteed issue policies available . Generally they come in the mail or are published in magazines . At age 90 they are very rare . A better choice would be placing some funds into an annuity , which is another insurance product . It can grow and pay for such expenses . Talk to an insurance expert . Thank you . GARY LANE


Input: Can One Purchase Burial Insurance For Elderly Parents?

Output: I do n't know of any burial life insurance policies that cover persons age 86 + . As Jim stated , you may be able to find a policy offered through the funeral home that your parents plan to use when that time comes . If their funeral policies do n't cover persons in those ages , they may be able to work with you on some other payment plan .


Input: Can One Purchase Burial Insurance For Elderly Parents?

Output: That is a great question - unfortunately , at their age finding a policy will be tough , and if you do , likely very expensive . I 'd suggest that you have a look at some of the funeral homes in your area , and see about their funeral plans . They will usually have a financed plan that will allow you to make payments on the services that you choose . It might be a good thing to have your parents go along , and pick out the services , etc. that they like , so you wo n't have to when the time comes . These are tough decisions , and your parents are lucky to have you to help them . If you would like some help with understanding the plans , please feel free to drop me a line , I 'd be happy to make some time for you and go over it . Thank you for asking !


Input: Can One Purchase Burial Insurance For Elderly Parents?

Output: At age 90 , you likely wo n't find any carriers offering final expense insurance - most carriers only offer life insurance policies up to either age 80 , 85 , or 89 . Typically the carriers that offer insurance beyond age 85 will likely require full underwriting with an exam and feature a higher minimum amount of coverage -LRB- e.g. $ 25,000 -RRB- . You may have the option to backdate the coverage to age 89 if their date of birth was within the last 6 months - when backdating , you 're paying the premiums from the date the policy is backdated to . Having said all that , it 's important to consider cost factors . A life insurance policy on someone in their late 80 's will likely be paid up in 3-4 years . This is because the person is already living beyond normal life expectancy and therefore the likelihood of a claim happening sooner than later is much higher -RRB- . Another option to consider if traditional life insurance programs are not available/affordable , you can look into pre-need funeral insurance . It may be an opportune time to look into securing coverage for yourself if you do n't have any coverage in force or need to secure a higher amount/longer term period . If I can be of further assistance , please feel free to contact me . Thanks very much .


Input: Can One Purchase Burial Insurance For Elderly Parents?

Output: Yes you can although some carriers may require the insured to pay . In my experience , it is usually fine for the child to own the policy and be the beneficiary as well . Most of these policies are without an exam but will require the proposed insured to answer several health questions in order to qualify . You should also be aware that while different states will not be an issue , finding coverage over 85 can be very difficult , especially at small amounts .


Input: Does Medicare Part B Cover Lab Work?

Output: Medicare Part B covers virtually all outpatient expenses including doctor visits , X-ray , MRI , CT , outpatient surgery , ER , ambulance and lab work . Part B has an annual deductible of $ 147 -LRB- for 2013 -RRB- and then Medicare pays 80 % of approved charges , you pay the remaining balance . If you have a Medigap plan your liability may be $ 0 if you have plan F


Input: What Services Does Medicare Cover?

Output: Medicare Part A is your hospital insurance.It provides benefits for your inpatient hospital stay , skilled nursing facility care , nursing home care , hospice care , and certain home health services . The benefit that is the most common claim is for hospital stays . During a hospital stay , your Part A will cover certain hospital services and supplies including semi-private rooms , meals , general nursing , and medications given during your stay . Acceptable hospital stays can include critical access hospitals , inpatient rehab facilities , LTC hospitals , acute care hospitals , and mental health care - you may want to confirm with Medicare whether a certain inpatient stay would be covered by a facility that is not a traditional hospital . Medicare Part B is your physician insurance . It covers doctor visits , tests , surgeries , preventive services , and supplies including DMEs -LRB- durable medical equipment -RRB- . The Part B deductible is $ 147 in 2014 . You 're responsible for about 20 % of healthcare expenses covered by Part B - Medicare only covers approximately 80 % of the costs . There is a guidebook called `` Medicare & You '' that provides a lot of information regarding Medicare coverage - the guidebook is updated each year with any new changes to coverage - you can get a copy of this from the medicare.gov website as well as look up additional information . I always recommend those on Medicare buy a Medigap plan to supplement their Part A & Part B coverage . Your Part A & Part B only covers about 80 % of expenses . A Medigap plan can cover all or a portion of the other 20 % of the expenses . The big advantage of having a Medigap plan is that it creates a very predictable healthcare expense structure . Medigap plans are also standardized , meaning the plan benefits are the same regardless of which company you purchase it from . The premiums for these programs can vary from company to company . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Do Life Insurance Proceeds Affect Medicaid?

Output: In order to receive Medicaid , the potential recipient must show that they have very low income and very low assets . The level of assets can not go up beyond the maximum allowed amount or Medicaid eligibility will be jeopardized . If life insurance proceeds are received by being the beneficiary of a policy , those proceeds will be counted as income in the month that it was received . Once the benefit is spent , Medicaid eligibility will be returned . Consult a tax attorney and your social worker to see if there are legal ways to deal with your inheritance that are more favorable to you .


Input: What States Have State Disability Insurance?

Output: The states that either mandate or carry state disability insurance are New York , Rhode Island , California , New Jersey , Hawaii , and the commonwealth of Puerto Rico . Of these , only California directly offers purchase of disability insurance from the state . An SDI tax that is charged to employees is what funds it .


Input: Why Start A Retirement Plan?

Output: A retirement plan is fundamentally a disciplined deposit into an account for your future lifestyle in your golden years . It 's a process of paying yourself first . Every paycheck you receive should contribute some portion to that fund . Over the years the power of compounding could be significant in a qualified tax deferred retirement plan .


Input: What Happens When I Cancel My Life Insurance?

Output: When you cancel your life insurance , what happens will depend on what type of policy you have . If you have Term Life insurance , the policy will simply end . You will not get any money back unless you had ROP Term -LRB- Return of Premium Term -RRB- and had kept the policy long enough that you are eligible to receive back part of the premiums you paid in . If you have a Permanent Life insurance policy that accumulated cash value , you will be able to receive the surrender value in cash . If you want to quit paying on your Permanent policy but do n't necessarily want to cancel your insurance , you could roll the surrender value over into another life insurance policy . Or you may have the option to change your policy to a reduced paid up policy , which means that it will be a smaller policy but you will not have to make any more payments to it . If you cancel a permanent policy in the first years , there will be a surrender charge that will reduce the cash value , and if you have loans against the policy , those will also be deducted from what you receive from the cash value , along with interest on the loans . You can request a current illustration to see what your Whole Life or Universal Life has for cash value , surrender charges and loan charges .


Input: How Much Is Oklahoma Car Insurance?

Output: Oklahoma car insurance rates are typically very affordable . There are many top-rated insurers that offer competitive prices , such as Geico , Progressive , State Farm , Esurance , Farmers and many others . Your monthly rate could range between $ 40 and $ 250 -LRB- or more -RRB- , depending on several factors , including your age , where you live and your driving record . Getting free online quotes , comparing plans and applying with low down payments is a key . As an experienced broker with a reputable website , that 's one of our goals . The consumer must ultimately get the best prices in Oklahoma , or the broker is not doing their job .


Input: How Much Is Oklahoma Car Insurance?

Output: Auto Insurance is going to range in price depending on what type of vehicle you drive , your age , driving record , a financial credit score is pulled in underwriting and used as well . Then you must also consider the coverage you 're requesting . Minimum Liability Limits in Oklahoma are 25/50/25 Bodily Injury/Property Damage . Do you want Comprehensive and Collision , how about Uninsured/Underinsured Motorist , Medical Payments , Glass coverage , Rental or Towing . If you own a home you can get a discount with some companys even if you do n't have your home owners policy with that company . You may want to bundle your coverage together meaning home and auto coverage with the same company .


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

Output: There is no one set cost to level Term Life Insurance . However , a rule of thumb is , the longer the term , the higher the premium . That is because the insurance companies average out what the policy would cost at your starting age , and the cost of insurance for the ending age of the term policy you chose . If you took out a 10 year Term policy at age 35 , the policy will end -LRB- or the price will go up drastically -RRB- at your age 45 . Mortality rates are not real high at age 45 , so the premium will be relatively low . If you locked that premium in for 30 years , the policy will end at your age 65 , which is when mortality rates are much higher . Therefore , the premium will be higher . However , the premium you have locked in is based on your health at age 35 . And that can make it be a very good deal .


Input: Does Health Insurance Cover Therapy?

Output: Does Health Insurance Cover Therapy ? It depends on the type of therapy . Most quality group plans will cover physical , physiological or other types of therapy . If you have an individual health plan pre-2014 I would check your benefit details , because many of the old policies did not cover therapy . Post-2014 plans tend to have stronger coverage . Request your summary of benefits and Coverage to see how the specific therapy treatment is covered under your benefits . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978


Input: Does Health Insurance Cover Therapy?

Output: Therapy is covered by many health insurance plans . Whether its occupational , physicalormentaltherapy , many plans will include these benefits for individuals and families . However , since each state offers different types of policies and every state has differences in mandates that are required , it is important to understand your existing policy or the coverage you are purchasing . An experienced broker and a reputable website will help you understand the specific benefits in policies and how to find the lowest rates for healthcare in your area .


Input: Does AARP Sell Long Term Care Insurance?

Output: AARP no longer provides long-term care insurance . Genworth withdrew its `` affinity marketing agreement '' to accept applications for a special plan of LTCi designed for the AARP members , effective June 1 of this year . Genworth will continue serving policyowners that have previously purchased the Genworth AARP contract and will , of course , pay all legitimate claims . AARP reported that they are not looking for a new carrier to take Genworth 's place at this time , but would be acceptable to negotiating with any LTCi carrier that might come forward with a proposal . The largest and perhaps most vocal advocate for those over 50 in the US , and a major source of educational material on health-related issues for seniors , AARP said that they will continue to provide information about long-term care planning and the roll long-term care insurance might play in such planning .


Input: Who Owns American General Life Insurance?

Output: American General Life Insurance Company is owned by the international insurance giant AIG . After the government bailout , AIG paid back all its government loans and has emerged a significant holding company for several financial institutions that include insurance companies like American General and broker dealer firms under The Advisor Group .


Input: What Is Annuity Exclusion Ratio?

Output: The exclusion ratio is the portion of an annuity that is a return of basis or original contribution starting of the first payment amortized to the annuitants expected mortality and is , as basis , nontaxable . The exclusion ratio is used in lifetime payout schedule or life time annuitization . Almost any annuity can be annuitized for the life of the annuitant .


Input: How To Shop For Car Insurance?

Output: Contact your insurance agent for information about automobile insurance . If you dont have an agent get recommendations from friends , colleagues or neighbors . A good agent will listen to you , provide competent financial advice and communicate clearly with both you and the company . Price isnt the most important issue . The most important issue is to have appropriate coverage . It is not good to find out that your coverage is inadequate when you have a claim .


Input: How To Shop For Car Insurance?

Output: Shopping for car insurance the right way will save you money , time and a lot more ! It 's important to consider all of the major carriers and make certain all available discounts are being applied . Utilizing an experienced broker is critical to finding the best available offers . Of course , you never pay a fee with a broker . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several top-rated auto insurance websites that provide the lowest available rates .


Input: How To Shop For Car Insurance?

Output: Shopping for car insurance can be frustrating at best . I would recommend working with a broker who can and is representing several companies so they can shop around for you , giving you the REQUIRED coverage mandated by your state . You would want to look at other options as well including how fast are claims paid . Find out if the company has any complaints against them . Second , you can go online however there are those REQUIRED coverage 's which the online quoting may not put on for you . Yes , you do not have to talk to anyone however I believe you would be doing yourself a disservice .


Input: Is Long Term Disability Insurance Tax Deductible?

Output: Once you are pre-qualified in health , earnings and compensation cap , you should select which tax strategy you qualify for : you can insure up to 60 % of your compensation tax free with nondeductible premiums or insure up to 80 % of your compensation taxable with deductible premiums through a business benefit arrangement .


Input: Is It Haram To Have Life Insurance?

Output: There appears to be some back and forth on this , but due to its mechanisms of interest and chance , there are many within the Muslim faith who believe that insurance is Haram . Due to the spiritual nature of this question , it 's best to seek out the advice of you Imam for a more thorough answer on this question .


Input: What Kind Of Insurance Do I Need For A Mobile Home?

Output: You would be seeking a homeonwers insurance policy . Most carriers have homeowners insurance policies that provide coverage for mobile homes . The type of home will normally be established during the quoting process . Your local agent will ask several questions about the property and details about the home so that they can help direct you to the coverages that are right for you .


Input: What Kind Of Insurance Do I Need For A Mobile Home?

Output: A Mobile Home Insurance policy is similar to a Homeowners ' in that it provides some of the same kind of coverage . It is , however , specifically designed to meet the unique needs of a Mobile Home owner . Coverage on the structure itself can be determined in many cases by the purchase price , if it is fairly new , but there are specially designed toold available to estimate ther replacement value . Some considerations that may affect pricing that are different from a Homeowners ' policy are items such as how the Mobile Home is situated . For example , what kind of tie downs are used ? Is it on a permanent foundations ? Is it in an approved park facility ? Ask if there is additional coverage available for awnings , canapies , etc. .


Input: What Is Boli Life Insurance?

Output: Bank Owned Life Insurance or BOLI is a form of Key Man life insurance . It is implemented and owned by the financial institution that it protects . BOLI policies are written on the lives of employees and the beneficiary is the financial institution , which also pays the premiums . Only financial institutions such as banks , brokerage firms , mortgage lenders , credit unions etc , offer bank-owned life insurance .


Input: What Is Boli Life Insurance?

Output: BOLI life insurance is bank owned life insurance , generally life insurance on the employees of a banking institution . The bank is also the beneficiary of the policy . Its look upon as a tax free money haven for the banks under the idea of an employee group benefit .


Input: Does Sleep Apnea Affect Ability To Get Life Insurance?

Output: The things that can affect your ability to get a medically underwritten life insurance policy with sleep apnea are as follows . Keep in mind that there are still simplified issue policies available for most people with the following sleep apnea problems . 1 -RRB- Severe obstructive sleep apnea that can not be well controlled 2 -RRB- Central sleep apnea with complications 3 -RRB- Not using treatment -LRB- Cpap , Bipap , etc -RRB- faithfully 4 -RRB- Not having a follow up sleep apnea test after being diagnosed 5 -RRB- Having symptoms that can not be resolved -LRB- daytime sleepiness , etc -RRB- For mild sleep apnea with successful and regular treatment , or corrected by surgery , Preferred rates are available .


Input: Does Sleep Apnea Affect Ability To Get Life Insurance?

Output: Yes it can . Depending on the severity and any other health issues involved you would probably be paying a higher rate than standard with most companies . The best thing to do is sit down with a good independent life insurance agent and have him do a pre-screen to see where you can get the best rates .


Input: Does Sleep Apnea Affect Ability To Get Life Insurance?

Output: Yes , sleep apnea will effect your life insurance rates and can possibly cause you to be declined for underwritten life insurance . The apnea does n't scare underwriters as bad as the risk of having sleep apnea . The lack of REM sleep needed to rest and recharge the body causes many problems such as high blood pressure , cardiac issues , breathing issues and a elevated risk of accidents due to dosing or lack of attention due to lack of REM sleep .


Input: How Much Does Good Life Insurance Cost?

Output: How do you define good ? Your question needs to be more to the effect of `` How much life insurance do I need for my individual situation today and for the future ? '' . Your life insurance needs are dynamic and will change over time and they may also change depending upon what specific things you are wanting to accomplish using life insurance . Are you just wanting to make sure your funeral costs are covered and any unpaid bills you leave behind get paid off ? Or , are you wanting to take care of those expenses and also provide financial security for the spouse and/or children you leave behind ? Are you a business owner whose expertise is critical to the ongoing survival of your business , would your heirs need to hire someone to replace you or risk losing the business ? These are just some examples of how different people may have radically different life insurance needs and that there is no simple answer to your question . You probably need to discuss your needs with a financial planner and an experienced life insurance agent to find the answer that best suits your specific needs and wants .


Input: How Much Does Good Life Insurance Cost?

Output: There is no way to say what life insurance will cost for any one person . Good life insurance is a policy that has some guarantees , is with a good company , and accomplishes the purposes for which you are purchasing it . To find what the cost of good life insurance for you , you 'd need to contact an agency that will help you discern your purposes for your policy , then find your best rate from a good life insurance company .


Input: How Much Does Good Life Insurance Cost?

Output: Every dollar of life insurance benefit literally cost pennies in premium . Yes , pennies . Whether your particular dollar of benefit costs 2,3,4 , or 10 pennies depends on how effectively you are prequalified for coverage . If your broker does a solid job of researching , negotiating , and advocating on your behalf , then you will pay as little as possible . If not , then you will overpay , or maybe even not be considered eligible for coverage . Such is the power of prequalification !


Input: How Much Does Good Life Insurance Cost?

Output: To accurately determine the price of good life insurance , visit a good life insurance agent . If you dont know a good agent get a referral from a colleague , friend or neighbor . You will probably find that once you know how much one policy would be that every other policy is priced to reflect the period of time that the company will be responsible to pay a death claim .


Input: Will Auto Insurance Cover Cracked Windshield?

Output: More than likely yes . Coverage for a cracked windshield , or any other window glass in your car , is included under the Comprehensive portion of your policy . Talk to your Insurance Professional about the specific terms and conditions of your policy in order to determine if you have this coverage . Also , many companies offer optional coverage that waives the deductible for such a loss . If you have this waiver protection than your glass will be repaired or replaced at no extra cost to you under most normal circumstances .


Input: Will Auto Insurance Cover Cracked Windshield?

Output: Auto insurance will cover a cracked windshield if you have comprehensive coverage on your car policy . Typically , there is no deductible to meet -LRB- if you elected that option -RRB- and the replacement or repair will be no cost to you . Also , most glass and windshield replacement companies can come to your residence or place of business at no additional cost . Safelite AutoGlass is one of the largest providers of this type of work and most carriers honor their work . It is possible you have a deductible on your comprehensive vehicle benefits . For example , if your deductible is $ 50 and the cost of replacement is $ 350 , $ 50 is your only out-of-pocket-cost . Also , your existing car insurance premium is generally not impacted by filing a comprehensive claim . Answer provided by Edward Harris , owner of Carinsurancezoom.org , the leading trusted auto insurance website for consumers that shop for the lowest rates . All quotes are provided instantly and without obligation . Harris has more than 34 years in the business as a leading US broker .


Input: What To Do With Life Insurance Payout?

Output: Some things to do with a life insurance payout : 1 -RRB- Pay for the funeral . 2 -RRB- Settle the estate of the deceased . 3 -RRB- Buy life insurance for yourself . 4 -RRB- Pay off debts . 5 -RRB- Pay off your mortgage -LRB- unless the interest rate is so low that it makes more sense to keep it -RRB- 6 -RRB- Take the remainder of the life insurance proceeds in regular payments so that you have regular income and earn interest on the remaining lump sum . 7 -RRB- Purchase an annuity with the remaining death benefit . 8 -RRB- Invest the money in whatever you desire . 9 -RRB- Hire services , visit family , or `` pamper '' yourselves in other ways to help you get through the shock of your loss . 10 -RRB- Give some of the money to charity or family in memory of your loved one .


Input: What To Do With Life Insurance Payout?

Output: Recognize that the proceeds are yours and that you are not obligated to pay debts owed by the decedent . Eliminating your debt is the first order of business . The remainder can accumulate or be invested unless it is necessary for income . You might find that an immediate annuity can transform the balance into a monthly income that you can not outlive . That might be appropriate .


Input: What To Do With Life Insurance Payout?

Output: The proceeds from a life insurance payment can be used in any way the beneficiary sees fit . Many people will put it into their checking account , a savings account , buy a life insurance policy on themselves , invest some of it -LRB- e.g. retirement accounts , stock market , etc. -RRB- , spend some of it -LRB- i.e. paying off bills , funeral expenses , down payment on a house , etc. -RRB- . A SPIA can be a great option to consider as well . SPIAs are offering about 6-7 % interest on the funds right now and guarantee you an income stream for the rest of your life . The amount of the payout can be a factor in determining what may be most advantageous for you . If someone has a $ 50,000 payout , they may consider just putting it in their bank account or paying off debts . Someone with a $ 1,000,000 payout may decide to diversify the money 's usage by putting a portion away , pay off some debts , invest some it , and create an annuity . It 's helpful to consult with a financial advisor when trying to create a good course of action . Keep in mind though , a financial advisor/planner will likely have fees that they charge for their management of the funds . Please feel free to contact me for help . As an experienced insurance broker , I 've helped many clients who have had a claim figure out a good course of action for the use of the funds and I do not charge any fees for my services - as an insurance broker , I 'm compensated by the insurance company for sales of policies , I do not charge fees for my input . Thanks very much .


Input: What To Do With Life Insurance Payout?

Output: If you are the beneficiary of someone 's Life Insurance then they recognized you to be a very special person in their life . If you were a business partner , then it may be possible that you two set up a cross sell plan to provide for the smooth transition of your business . In that case , that was the intent of the policy . Your spouse may have bought the policy to make sure that you were able to keep you family in your home without financial stress . It is ultimately up to you what you do with the money .


Input: What To Do With Life Insurance Payout?

Output: It is very important to manage the life insurance payout carefully . You have a lump sum of money and it may have to last a lifetime . What you do specifically depends on your individual situation . You may want to work with a financial planner . The first step would be to do a budget and cash flow projections understand your current situation . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Is The Average Auto Insurance Rate?

Output: This would be very hard to define with any accuracy as rates can vary greatly from one zip code to another . Based on my experience with the companies that I have worked with so far within my geographic location , I would say that an average auto insurance premium is around $ 70/mo . Please contact a local agent to find out about coverage availability and pricing in your area .


Input: What's My Life Insurance Policy Worth?

Output: That is a great question ! There are two values to your policy . Your policy has a short term worth , and a future worth . The short term worth can be measured by the cash value -LRB- if any -RRB- that your policy has generated . This is the amount of money available for you to use should you need to use it , or that the company would return to you , -LRB- minus fees -RRB- should you surrender the policy . The future value is the amount of the death benefit , or face value , of the policy . This is the amount that would be paid to your beneficiary . There is also an emotional value , difficult to put a value on , and that is the peace of mind knowing you 've protected your loved ones . Thanks for asking !


Input: What's My Life Insurance Policy Worth?

Output: Life insurance policies can be assets if they have cash value . Otherwise their value is in the promise that the company has made to pay a death claim should you die during the period that the policy covers . Some policies cover the entire life while others only cover for a specified period of time . As an asset life insurance can be used as collateral or a loan can be taken from the insurance company .


Input: What's My Life Insurance Policy Worth?

Output: What is your life insurance policy worth ? If you have Term life insurance , it will only pay out the death benefit if you pass , so it does not have a cash value while you are alive . If you own Return of Premium Term life insurance , you may be able to get back some of what you paid in , if you kept it long enough . If you have Whole Life or Universal Life with a cash value , it is worth to you now the amount of the surrender value . If you surrendered it , you would get that cash value . You can determine the current value by requesting an in force illustration from your agent of the company through which the policy was purchased .


Input: What Annuities Avoid Probate?

Output: You can generally avoid probate with any type of account or investment that names a beneficiary . That would include annuities , life insurance , and retirement accounts like a 401 -LRB- k -RRB- or traditional or Roth IRAs . Check with an attorney , but after that you would generally have to use a trust to avoid probate with otherassets .


Input: Does Obamacare Take Away From Medicare?

Output: While most government officials will claim Obamacare takes nothing from Medicare or senior health benefits , when the last was passed , the Obama administration arbitrarily claimed costs during the first 10 years would be less than $ 1 trillion dollars . One of the ways that the CBO came to this estimate was planned cuts of $ 700 billion in Medicare pending during that same 10-year period , despite the fact that Medicare will have more members than ever . Whether CMS can possibly provide coverage for more seniors while saving $ 700 billion remains to be seen , but the reality of the situation is those savings seem highly unlikely , if not utterly impossible .


Input: Does Obamacare Take Away From Medicare?

Output: When Obamcare was passed in March of 2010 , one of the key objectives that had to be met from a political standpoint was showing that its costs over the coming 10 years would be under $ 1 trillion dollars . This somewhat arbitrary number was picked to say that Obamacare would cost less than what we had spent on the wars in Iraq and Afghanistan , this may have made for good political theatre but what it really had to so with healthcare and health insurance in practical terms always kind of eluded me . One of the ways that the democrat party made the numbers work -LRB- and I 'm just stating historical facts here , no Republicans ever voted in favor of the Affordable Care Act -RRB- was that they transferred $ 700 billion in what would have been increased spending on Medicare over that 10 year period to fund ObamaCare . We will still be spending more on Medicare in the coming decade but the amount of available funding has certainly been sharply deflected downwards at a time when a record number of Americans will be in and entering the Medicare program . So , in this way , ObamaCare has shifted funds that would have otherwise gone towards Medicare to help paint a budget picture that allowed for the passage of the law . Of course , since then government estimates for the projected 10 year cost of Obamacare has gone far above the $ 1 trillion mark but , hey , they got the law passed and they did n't even really have to read it .


Input: What Do I Do If I Can't Get Homeowners Insurance?

Output: That is a great question . It would be helpful to know why you are being denied coverage , because resolving that issue is the best way to ease getting insured . If it 's because of where the house is located , like having a frequent risk of flooding , for example , what can be done to alleviate the floodrisk ? If all else fails , depending upon the State where you live there are Government plans that are insurers of last resort . These FAIR plans are n't the best , but they do provide coverage . If you would like more detail , please contact me , and I 'll see what I can do to help . Thanks for asking !


Input: What Do I Do If I Can't Get Homeowners Insurance?

Output: Most states have what 's called a FAIR Plan , or `` insurer of last resort '' . This is an insurance company required to take on all risks , as long as you can prove two or more carriers have declined you . The coverage and pricing may vary , and may not be as good as you would get on the voluntary market , but coverage is available that way to nearly anyone having trouble finding a market for their homeowners policy .


Input: What Do I Do If I Can't Get Homeowners Insurance?

Output: Talk to your Insurance Professional about alternatives . Most states have programs that offer such coverage for higher risk or otherwise un insurable properties . The coverage tends to be limited and the premiums are certainly not as favorable as a standard Homeowners policy but it is an alternative . Keep in mind as well that if you have a mortgage and your homeowners policy cancels , if you are not able to produce proof that you have replaced that coverage , the bank will obtain coverage in THEIR interest and pass the cost on to you .


Input: Does Medicare Pay For Physical Therapy?

Output: Physican therapy is covered under Medicare Part B , but there are cap limits for therapy services - $ 1,920 for physical therapy -LRB- cap for services combined with speech-language therapy -RRB- . If the services are deemed medically necessary -LRB- and documented -RRB- by your therapist , you would not be responsible for costs above the $ 1,920 cap.If you 're getting physical therapy services that are not medically necessary , then Medicare will not pay for the services . Medicare would be paying for approximately 80 % of the costs and you would be responsible for the other 20 % , after the Part B deductible -LRB- $ 147 in 2014 -RRB- . A Medicare supplement -LRB- Medigap -RRB- plan can help pay the Part B deductible and the 20 % costs for physical therapy services .


Input: Does My Health Insurance Cover Eye Exam?

Output: Excellent question and one about which there is much confusion these days . As a general rule , most health insurance policies do not cover routine eye exams -LRB- this would be different from an eye exam required to diagnose and/or treat a medical condition like Macular Degeneration -RRB- . Many employers and a growing number of individuals insure their vision care needs through separate Vision Insurance policies that do cover eye exams , lenses , frames , contact lenses , etc. . Where things get more confusing , and sometimes frustrating for the consumer , is in understanding some of the new benefits mandated by the Affordable Care Act -LRB- ObamaCare -RRB- . One of these mandatory benefits is that coverage for pediatric vision and dental be included in health insurance policies sold on or after January 1 , 2014 . So , you may be paying for a vision benefit that only your children can use and if you have no children you are paying for a benefit you , as an adult , can not use . The consumer should not assume that even if their new ObamaCare compliant policy is in place that this will translate into effective coverage for your dependent children . Each insurance carrier has designed their benefit plans differently in regard to the vision & dental requirements . Some make it an upfront benefit similar to vision insurance coverage you may have seen in the past while others require that the major medical plan 's deductible be met before such services would be reimbursed . So , if you have a Bronze plan with a $ 6000 deductible you technically have some vision coverage for dependent children but no effective coverage until you have met the $ 6000 deductible first . Buyer beware is my advice and the consumer should carefully research this benefit area in the various health insurance options you might be considering . This is another example of where an experienced and knowledgeable health insurance broker can be invaluable in helping you select the health insurance plan best suited to your needs and budget .


Input: Who Should Have Life Insurance?

Output: Unless you have no family , no friends , no religious affiliation , and no charity or cause that you believe in , you probably should have life insurance . All of the above are reasons to want to leave money after you are gone . You also want funds available for your own burial , trusting someone or some group to handle that for you -LRB- final expenses -RRB- . If you have a spouse , kids , mortgage , think about handling those after you are gone . There are very few folks who do not truly need life insurance . Thank you . GARY LANE .


Input: Who Should Have Life Insurance?

Output: Everybody ! Just about everyone is going to need life insurance at some point in their lives.When you 're a child , many parents look into buying a small whole life policy with future increase option riders -LRB- periodic allowance to increase the face amount of the policy in their adult years - generally this can be done 8 times beginning at age 25 -RRB- as there is no medical exam , given their age . When you 're an adult , you 'll likely have a mortgage for a house , loans for cars , credit card debt , medical bills , burial expenses , etc. , that you would like to have paid off in the event of your death so your family does n't suffer financially due to the lost income . Another common use is income replacement so your family can maintain their current lifestyle rather than having to make dramatic changes . Many people may also buy a life insurance policy for estate planning purposes . If you 're looking to buy life insurance , consult with an experienced life insurance broker who can help you determine how much coverage is suitable to meet your needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Who Should Have Life Insurance?

Output: That 's an excellent question ! There are some well known televised financial `` guru 's '' that will tell you that you do n't need life insurance , and they are right - if you have a sum of money set aside for covering your funeral expenses , and to provide for your families financial support when you pass . If that is you , and you have the $ 10-15 ,000 currently needed for a funeral , and 8-10x your annual salary saved up for them , -LRB- in a place that might not get tied up in probate - the average is 4 years , at a cost of 40 % of the value of the estate -RRB- then they are certainly right . Do n't buy a policy . If you are in the other 99 % of the group , you probably want a policy . The real answer to your question is do I need to protect my family , and if so , can I do it without life insurance ? Not a lot of people can , unfortunately . If you would like help with deciding if a policy is right for you , please contact me , okay ? I 'd be happy to help you . Thanks for asking !


Input: Why Are Health Insurance Rates Increasing?

Output: The causes of rising health insurance premiums are probably too complex for a short answer . However , the Affordable Care Act mandates coverages that are to be included in the plan , and who can be included in the plan . These additional coverages affect the rate charged . Medical expenses , in general , are rising more quickly than other sectors . These two factors have a profound impact on the rates being charged .


Input: How Does Health Insurance Exchange Work?

Output: That is a great question ! To answer it simply , the exchanges either set up by the State , or by the Affordable care Act -LRB- Obamacare -RRB- are an online marketplace where companies can choose to offer health care plans . The are private exchanges also , and they can be very similar , or offer very different plans , as long as they all include the basic requirements . The ACA exchange is good , because it offers help with paying for the policy if you qualify . Thanks for asking !


Input: How Does Health Insurance Exchange Work?

Output: Health Insurance Exchanges . How do they work ? I 'll provide a brief accurate and direct answer . The Affordable Care Act -LRB- Obamacare -RRB- created `` Marketplaces '' so consumers can purchase health insurance without answering medical questions . Pre-existing conditions are covered and a federal subsidy may be available , depending on your income . How do you get the best rates and enroll ? Through an experienced broker . This question was answered live by : Ed Harris - Health Insurance Broker for the last 33 years and owner of several top-rated websites .


Input: How Does Health Insurance Exchange Work?

Output: A health insurance exchange is a government-run marketplace where people can buy health insurance plans One of the big questions everyone asks is whats the difference between buying a health plan on the exchange and off the exchange ? The key difference is the subsidies . You can only get a subsidy if youre buying your coverage on an exchange they can not be used towards plans purchased off the exchange . An advantage of buying a plan off the exchange is you will generally have more choices available for you to choose from . The same plan that is offered on the exchange and off the exchange may have some differences as well . Plans that are on the exchange may have more regulations , therefore requiring they feature additional benefits directly through the plan as opposed to needing a separate stand alone policy to provide the supplemental benefit -LRB- e.g. vision care , dental care , etc. -RRB- off the exchange plans may not be subject to the same standards . Off the exchange plans must still meet the requirements of the Affordable Care Act -LRB- including offering the 10 essential health benefits -RRB- . Its important to remember than not every plan that is offered off the exchanges will be available on the exchanges . Carriers reserve the right not to offer coverage on the exchanges . Thus , some states may have numerous plan selections for consumers where others may have limited choices . Also , not every type of health insurance plan is available on the exchanges short term policies and large group policies are not offered on exchanges at this time . There 's a lot of moving parts to health insurance and given the issues that have occurred with the new healthcare system rollout , it 's highly recommended you work with an experienced health insurance broker to make sure everything is in good order for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: What Is Medicare MCO?

Output: Medicare MCO stands for Managed Care Organization . You can choose to get your Medicare benefits through original Medicare , which includes Part A and Part B. Or you can choose to get your benefits through Medicare Part C , or a Medicare Advantage Plan . The latter benefits are provided through HMO 's or PPO 's , of which MCO is an umbrella term .


Input: When Did Medicare Part B Begin?

Output: Medicare Parts A & B started in 1965 under the Social Security Act , but if you meant when is someone eligible for Medicare Part B then there are several answers . Most often somone is eligible for Part B when they turn 65 , enrollment period is 7 months , 3 months before month you turn 65 , the month of , and 3 months after . Someone may choose not to take Part B if they have other creditable coverage , such as employee or retiree benefits . There is a standard Part B premium , and it can be adjusted based on income . There are other instances when you can get Part B , such as if deemed disabled , after 24 months you will be eligible for Part B .


Input: Can Geico Cancel You After An Accident?

Output: That 's a great question but has the possibility to have several answers . The short of it is an insurer may cancel you almost for any reason as long as they have given you proper cancellation notice . I have been a licensed agent for six years and have never seen someone get cancelled after only one accident .


Input: Why Is Life Insurance Hard To Sell?

Output: I do not find life insurance to be a hard sell at all . It is the only insurance policy that is guaranteed to pay a claim . You may never have a fire , or a car accident or ever get sick , but we are all guaranteed to die someday . Death and taxes are the only two things that are unavoidable .


Input: Why Is Life Insurance Hard To Sell?

Output: Life insurance is not hard to sell . It 's actually very easy to sell . When you 're selling life insurance the main part of your job is prospecting for the right people . You are looking for the people who are aware that they need life insurance . Think of it this way . If you were selling swimming pools it would be very hard to sell them to 90 % of the people . But if you talked only to people who own homes , had yards and been thinking about buying a swimming pool it would be pretty easy to sell them . Selling life insurance is the same way . It 's very easy to sell to the right people and it 's impossible to sell to the wrong people .


Input: Does Renters Insurance Cover Lost Cell Phone?

Output: Your renters insurance covers damage to your personal property . Lost property isnt exactly damaged property . There is a limit to coverage for property away from your residence . Your claim would adjusted on the replacement cost of the phone after you pay the deductible . You might receive something for a lost cell phone ; however , it might be more trouble than it is worth to file the claim .


Input: Where Can I Buy Cheap Health Insurance?

Output: You can buy cheap health insurance from an experienced health insurance broker . Not only do we offer the lowest rates , but also many plans not found on the . gov website . If you qualify for a federal subsidy , your premium could substantially reduce ... all the way to $ 0 ! If your household income is too high to receive the tax credit , may low-cost off-Exchange plans are available , including short-term plans .


Input: What Does Home Insurance Include?

Output: Home Insurance comes in different Forms ... If the home is an owner occupied dwelling , the most common form is Homeowners Insurance - Form HO3 ; if the home is a tenant occupied dwelling , the most common form is a Landlords Package Insurance - Form DP3 . Most importantly , a home owner must have the correct form of insurance applicable to cover the property . There have been many instances where a home has been purchased as an owner occupied dwelling , accordingly , a Homeowners Form HO3 has been purchased to provide coverage for the home ; the home owner may or may not have intended to use the home as a rental home thereby renting the dwelling to another person or family . Following an incident , the insurance company may simply deny the claim based on the definitions clause in the policy stating that a homeowners policy is the primary residence of the titled owner . In the past 7 years , this has been a very common issue especially in California where non suspecting speculators buy a home for rental but declare the home as a primary residence . In the least , the situation is a misrepresentation of the risk to the insurance carrier ; in summary , the contract is null and void since the use does not match the definitions section of the policy . Home insurance may or may not include the following coverage ; Dwelling -LRB- Building Coverage -RRB- , Other Structures -LRB- detached structures -RRB- , Personal Property -LRB- Furniture & Belongings -RRB- , Loss of Use , Personal Liability and Medical Payments to Others . Please do consult with a professional if you 're not 100 % sure of the coverage form you seek . There 's no benefit to an incorrect policy form ; also , insurance can not be purchased retroactively to correct a prior error . For more information or to obtain an automated quote today : WEBSITELINK


Input: How To Start A Retirement Plan?

Output: A qualified defined contribution plan is a good place to begin and the most popular is the 401 -LRB- k -RRB- . The contributions are pretax or tax deductible , the account accumulates tax deferred and some employers actually match portion of your contribution . A non-qualifiedplan can also be an option if you 're an individual who does n't want the regulations ofqualifiedplans . Some non-qualifiedplans use a TAMRA compliant , nonmodifiedendowment lifeinsurancecontract with minimum death benefit .


Input: Is Thrift Savings Plan A Retirement Plan?

Output: The Thrift Savings Plan -LRB- TSP -RRB- is a qualified defined contribution plan for US civil service employees , retirees and members of the uniformed services . The TSP is part of the Federal Employees Retirement System -LRB- including FERS annuity and Social Security -RRB- . The TSP can also covered under the Civil Service Retirement System -LRB- CSRS -RRB- .


Input: Why Have Long Term Disability Insurance?

Output: Social Security Disability Insurance may help some , but not anywhere close to your annual compensation . Your employer may have short term disability insurance inside the companys employee group benefit plan . That can help , but only as a supplement . Most Americans have 90 days in cash reserves for household expenses . And the odds of experiencing a disability over your working life time are surprisingly high . The average time spent on full disability is 30 months . Depending on your gender , age , smoking status and health condition , you may need to pay 5 to 8 % of your compensation to purchase ling term disability insurance .


Input: What Is A 401A Retirement Plan?

Output: A 401 -LRB- a -RRB- Retirement Plan is a money purchase retirement savings plan that allows employers , employees or both to make tax deductible contributions . Some employers use multiple 401 -LRB- a -RRB- plans because of the flexibility of differing contribution amounts , eligibility requirements and/or vesting schedules .


Input: What Is Group Long Term Disability Insurance?

Output: Group Long Term Disability Insurance is a policy that will pay you part of your wages if you are unable to work due to a disability . Disability payments do not kick in until an amount of time has passed called an elimination period . That is usually 30 to 365 days , with 90 days being the average . The policy can pay the benefit for as short as two years or as long as when the employee retires .


Input: Can Debtors Take Life Insurance Money?

Output: If you are the debtor -LRB- person owing a debt -RRB- and you are the beneficiary of life insurance money , yes you can take the proceeds . They are legally yours . However , your creditors -LRB- person or entity lending you the money -RRB- may come after your life insurance proceeds and take them from you .


Input: Who Regulates Disability Insurance?

Output: The state insurance commissioner regulates Disability Insurance . Therefore , even though an insurance company may offer Disability Insurance in one state and meet the regulations for that state , they might have to satisfy additional regulations to offer their DI in another state . Group Disabled Insurance is governed by ERISA , the Employee Retirement Income Security Act . However , the companies that offer the coverage are still regulated by the State .


Input: Is Health Insurance Paid In Advance?

Output: Health insurance is nit necessarily paid in advance . When you apply for guaranteed coverage through the Exchanges , often you enroll , and wait for the billing statement from the insurer . As an experienced broker , we help consumers find low rates and of course explain the billing process . There may be key dates that you must pay your premium to retain coverage .


Input: What Is A Co-Payment For Health Insurance?

Output: A copayment for health insurance is a dollar amount you pay for an office visit , service , or procedure . For example , you go to the doctor 's office for an annual checkup , they may say you owe a $ 15 copay for the visit . The alternative that many people encounter is called coinsurance . Instead of a fixed dollar amount , you may be asked to pay a percentage of the cost of an office visit , service , or procedure -LRB- e.g. 20 % coinsurance -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Will I Have To Pay For Medicare Part A?

Output: Medicare Part A for most people is available at no monthly charge . If you are a US citizen , have lived in the country at least 5 years and have at least 10 years of wages in the Social Security system you should qualify for `` free '' Medicare Part A . If you did not work but have a working spouse , you may still get Part A at no charge


Input: Can You Take Out Life Insurance On Anyone?

Output: No , you can generally only take out life insurance on yourself or someone who you have a `` vested interest '' in . This means that you can take out a policy on members of your immediate family members such as your wife , child , or parent . There are ways to structure a life insurance policy to protect ones business interests , although such options are to numerous to discuss in depth without writing a small book here .


Input: Can You Take Out Life Insurance On Anyone?

Output: You can take out life insurance on anyone with whom you have an insurable interest . This can be established simply by being a close family member , in the US . However , financial insurable interest must exist even with these types of relationships , with most life insurance companies . E.g. . An adult child can take out a small policy on an aging parent because of the the emotional loss that would occur upon the death of the parent . But in order to take out a large policy there must usually be financial loss . I.e. . The adult child contributes financially to their parent and are using life insurance to offset that , or their parent contributes financially to them and they would suffer financial loss upon the death of that parent .


Input: Can You Take Out Life Insurance On Anyone?

Output: You have to have insurable interest on the policy insured and be prepared to justify the amount of life insurance youre applying for . If there is no insurable interest , i.e. no quantifiable economic interest between you and the proposed policy insured , the application will be denied .


Input: Can You Take Out Life Insurance On Anyone?

Output: As I am sure you have found out , insurable interest is the key principle here . But insurable interest ranges far and wide . Let me share with you some of the more interesting cases I have come across . For sure , spouses can take out a policy on one another . They are codependent . I have also seen married men and women take out policies on their lovers . They called that person a domestic partner . This was in addition to having a policy on their marital partner ! Policies on kids are common . Its tough to think about kids dying , but generations ago it was commonplace to buy a burial policy on a new child . But there is another reason to do so : get a policy on a child so that he or she grows into adulthood already covered . What if unfortunately he has a tough time getting coverage later on , due to a medical condition or other higher risk factor ? Maybe he becomes a mountain climber , or a scuba diver , or has a job which requires travel to Third World countries . He will be really glad you had the foresight to get him a life policy when you did . I have seen children take out policies on parents . One client dedicated herself to making sure her retired mother lived in style . She bought her a house , paid her monthly expenses , treated her to a new car , and really paid her back for all that generosity Mom had shown her growing up . Of course , the daughter sacrificed her own retirement money to do so . So I was able to get her life policy on mom to reimburse her . Then you have policies taken out by businesses on partners and key people . Plus you have charities insuring donors to make sure those contributions keep on coming .


Input: Can You Take Out Life Insurance On Anyone?

Output: No , you can not take life insurance on just anyone you please . There would be a windfall for murders and hitmen from their victims . Typically you would insure yourself against a loss for your loved ones and special interests.There is a gateway that must be met called insurable interest in order to take out life insurance on someone . Insurable interest states that you , the beneficiary , would suffer a financial loss or set back if said person were to die . Insurable interests can include a spouse , child , loved one dependent upon your income . a financial institution leading you money or a business partner or business interest . You can never take out a life insurance policy without the insured 's knowledge . The insured has to sign and go through the underwriting process , not you .


Input: Can You Get Evicted For Not Having Renters Insurance?

Output: Since renters insurance is not required in any state , your question should be restated , Can I be evicted for not meeting the contractual obligations found in my lease agreement ? This slightly reworded question is obviously answered , Yes . If you agree to something and then dont perform the contract is invalid and can be terminated .


Input: Does Term Life Insurance Have Cash Surrender Value?

Output: Unless the term life insurance policy has been kept if force for the contract period and the policy was written with a return of premium rider , there is no cash value at the surrender of the policy . Some term life insurance policies have convertible provisions and older insureds could bid their term life insurance policy out on the open life settlement market to see what its value -LRB- if any -RRB- is .


Input: Does Term Life Insurance Have Cash Surrender Value?

Output: No , Term life insurance does not usually have a cash surrender value . Term insurance buys pure protection rather than building up a cash value , and that is why the costs of Term life insurance is usually lower than policies that have cash value . Return of Premium -LRB- ROP -RRB- Term is one type of Term that could have a cash surrender value if you kept the policy long enough .


Input: Does Term Life Insurance Have Cash Surrender Value?

Output: Term life normally doesnt have cash value . Some companies offer a policy that has a large cash value after an extended period of time . Other companies offer , cash value term as an intermediate product between term and whole life . Some companies offer a term to 65 policy that develops a very small amount of cash value in the middle years .


Input: Where Can You Buy Renters Insurance?

Output: Renters Insurance can be purchased through any agency . We have many insurance carriers that we work with that offer great rates . Contact me if you are interested in obtaining protection for your belongings . We will require information on the property you will be renting along with the coverage limit desired .


Input: Where Can You Buy Renters Insurance?

Output: There are several places that offer renters policies . My recommendation is that you purchase coverage from a trusted insurance agent . If you dont already have an agent , get recommendations from friends , colleagues and neighbors . A good agent will listen to you , provide solid financial advice and communicate clearly with you and with the insurance company . Setting limits is the most important part of setting up a renters policy .


Input: Can I Have An FSA And Medicare?

Output: You can use an FSA -LRB- Flexible Spending Account -RRB- to pay for Medicare plan copays , or for prescriptions or deductibles that are not covered by Medicare . You can not use an FSA to pay for Medicare premiums or Medicare payments . Persons receiving Medicare benefits can not be enrolled in an HSA -LRB- Health Savings Account -RRB- .


Input: How Many Life Insurance Agents Are There In The Us?

Output: According to the Bureau of Labor Statistics -LRB- BLS -RRB- in 2010 , which is the most updated information presently available , there were 411,500 insurance agents in the United States . The Bureau projects that over the next 10 year period , employment of insurance agents will grow at about 22 % , which is faster than average for other industries .


Input: How Does A Variable Universal Life Insurance Work?

Output: This type of life insurance is intended to be a permanent policy , which will never go away and protect you until your death . The premiums are variable , depending upon meeting payments within a certain range of guidelines , depending on your cash flow that month . It will accumulate value , depending upon the economy . It is pegged to a variety of market indexes , from which you may selected . Unlike whole life , which is fixed , universal has some variable qualities , allowing you to take advantage of the stock market 's growth . An indexed universal gives you some benefits of both whole and universal , by limiting the growth to a percentage of the market 's growth , while ensuring you never can lose money . Thank you . GARY LANE .


Input: When Does My Health Insurance Run Out?

Output: That is a great question ! Your health insurance is the perfect example of a term policy . It lasts one year , and then ends , and you can renew it , or get another one year policy from another company . Your health insurance policy ends in December yearly , and you renew or purchase starting in October/November . Thanks for asking !


Input: Who Is Eligible For Medicare Levy Exemption?

Output: Medicare Levy Exemption is an exemption granted to residents of Australia that prevents them from having to pay the Medicare levy if they are not eligible to receive Medicare . If an Australian is eligible to receive Medicare , they are bound to pay the Medicare Levy through their tax returns each year .


Input: Does AARP Cover Medicare Deductible?

Output: AARP medicare supplement plans are insured through United Healthcare . Plans C & F cover both the Part A and Part B deductibles -LRB- part a - $ 1,216 in 2014 & part b - $ 147 in 2014 -RRB- . Every Medigap plan covers the Part A deductible at 100 % except for plans A , K , and L -LRB- plan A does not cover the deductibles at all , plan K covers 50 % of the deductible , and plan L covers 75 % of the deductible -RRB- . The plans themselves are standardized meaning a given medigap plan from company abc features the exact same benefits as the one from company xyz . Plan premiums , rating methods , rate increase history , and other factors are important to focus on when comparing plans . Consult with an experienced Medicare supplement broker to learn more about the various plan options available - we can compare and quote many carriers to help you determine the program that will best serve your needs and budget . Please feel free to contact me for assistance . Thanks very much .


Input: Does AARP Cover Medicare Deductible?

Output: It depends on which AARP Medicare Supplement plan you have . Also , all the Medicare Supplement plans cover the exact same benefits . So for instance a AARP Medicare Supplement Plan F is exactly the same as any other carrier . The only difference is the monthly premium . Plan F does cover the Medicare Part A & Part B deductible . There are many other plans out there that may fit your needs . Contact an independent agent that specializes in Medicare Supplement insurance and they will be able to show you all the plans available to you . They will save you a lot of time and money .


Input: How Much Do Immediate Annuities Pay?

Output: Single Immediate Annuities Payouts are determined by gender , age and the length of the payout , i.e. 10 years , 20 years , etc. . But the most popular immediate payout is lifetime annuitization where the interest rate of return is combined with mortality credits based on the age of the annuitant . The additional tax benefit of a non-qualified immediate annuity annuitized payout is the exclusion ration which comprises part of the payment and represents the tax free distribution of basis .


Input: Can One Borrow Against A Term Life Insurance Policy?

Output: There are two basic types of Life Insurance policies , namely Term and Permanent . In addition to premium cost , one of the biggest differences between the two is that Term coverage is a pure death benefit policy whereas permanent plans include in varying forms cash accumulation elements . Because there is no such cash accumulation element in term policies , there is no source from which to borrow .


Input: Can One Borrow Against A Term Life Insurance Policy?

Output: Term is not designed to borrow against . It is the least expensive life insurance because it does not accumulate cash value . After a set number of years , per the contract , its premiums will also escalate . If you are looking a policy you can borrow against , you need a permanent policy . Thank you . GARY LANE .


Input: Can One Borrow Against A Term Life Insurance Policy?

Output: As far as borrowing money on a term life insurance which has no cash value , therefore there is nothing to borrow . Term life insurance is basically `` renting '' life insurance for a certain period of time . Cash value life insurance policies or permanent `` owning ' life insurance does accumulate cash value and at a certain point can create a loan to the policy owner .


Input: Can One Borrow Against A Term Life Insurance Policy?

Output: That is a great question . There are two reasons why term life insurance is so cheap . The first is that statistically , they rarely have to pay out , and the second is there are very few moving parts to this type of policy . These policies are straight forward , no cash , end at the designated time policies , so there is nothing in it to borrow from . I 'm sorry if that was n't explained to you when you purchased the policy . Thanks for asking !


Input: Can One Borrow Against A Term Life Insurance Policy?

Output: No , you can not borrow money from a term insurance policy because term insurance does not build cash value . Only permanent policies -LRB- universal life and whole life policies -RRB- build cash value that you can borrow against . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can One Borrow Against A Term Life Insurance Policy?

Output: Term life insurance policies have no cash value and therefore there is nothing to borrow . However , if you have purchased a term with `` return of premium '' then there may be cash available if you surrender the policy . However , be advised the surrender charges are usually very heavily weighted on the front end of the policy .


Input: How Many People Buy Long Term Care Insurance?

Output: Latest number show approximately 8 million people in the US have Long Term Care insurance . This is 2.5 % of the US population and 4 % of the US adult population . Certainly given that a larger percentage of the US population is expected to require long term care , more people should have long term care insurance .


Input: Does Disability Insurance Require Medical Exam?

Output: While it used to be common thata medical examination was always required for individual DI , many carriers have changed their underwriting guidelines to offer Simplified issue . That means that the client does not need an exam or labs to be drawn . They 'll still run a script check and will most likely request medical records , but assuming you 're in decent health , labs and an exam wo n't be required .


Input: Does Disability Insurance Require Medical Exam?

Output: If youre not addressing group disability , then the answer is yes . Individual disability insurance requires a medical exam for most applicants . Disability insurance is a morbidity insurance product . But perhaps the most important medical information is your health history , especially injuries or sicknesses that have potential morbidity impact in the future .


Input: Does Disability Insurance Require Medical Exam?

Output: Does disabilty insurance require a medical exam ? It depends . Group disability does not require a medical examination in most cases because of contractual limitations or pricing that compensates for it . A high pay out possibility group plan -LRB- like a medical practice -RRB- would expect to have medical underwriting and possible medical exams . Likewise with individual coverage , the extent of processing an application is going to depend on the amount applied for , age of the appilcant and risk classification . Disability plans can involve potential millions in payouts , you would guess for those situations , no step is not covered .


Input: How Much Is Health Insurance Going Up?

Output: No one will be able to give you a perfect answer to this question until we have 2015 in the rear view mirror . Health insurance costs have always varied from state to state and ObamaCare has made the contrast between states quite stark in some cases . Combine this with the fact that how individual health insurance products were designed , rated and sold all underwent the biggest simultaneous change in the industry 's history and you have a situation where the entire health insurance marketplace has been turned upside down and we have a very foggy situation . In general terms , most individual consumers should anticipate at least a 10 % increase in their 2015 rates and be prepared to shop their coverage . Your results in your state may be quite different and it is not uncommon for some people to be receiving significantly higher rates increases . Rate filings for 2015 paint a confusing picture . Some state 's are reporting very moderate 2015 rate changes but those were also often the same states whose 2014 rates jumped the most . So , perhaps these state 's overpriced in year 1 of ObamaCare and the fact that they were only slightly off even then is n't exactly cause for cheer . Other states are seeing much higher rate increases for 2015 . Another factor complicating the cost picture are the government health insurance marketplaces themselves . Because of government administrative policies , the insurance carrier who has the second lowest cost Silver level product in each marketplace sets the bar for the amount that the government 's premium subsidy will be calculated to support . Owning this price point is a key competitive placement for the health insurance carriers in the marketplace . In year 1 this pricing position was usually held by a Blue Cross/Blue Shield plan or a national insurance carrier . In year 2 , many of year 1 's benchmark plans are now priced higher and have been replaced by a new plan and/or insurance carrier as the benchmark silver plan . And , in several states , the price leading plans in year 2 are experimental creations of ObamaCare called Co-Ops . These are non-profit programs that fill the role of a health insurance plan but are initially funded with Federal grant dollars . The year 1 track record of the Co-Op plans was mixed at best . Their year 2 positioning indicates a move to buy up market share quickly as the Federal grant dollars have a limited life span . Whether these experiments will be able to quickly develop the skills , financial reserves and enrollment base to allow them to survive independently is highly debatable .


Input: Is Homeowners Insurance Included In My Mortgage?

Output: Some lenders require that they include an escrow account to collect money from you for future renewal premiums in order to in their minds better protect their interest in your home . In that case , then the money that you send your lender each month would include principal and interest on your loan and a certain amount for this insurance escrow account . In some cases , they also collect for your annual property taxes as well . When your policy renews , your insurance company would then bill your mortgage company and they would pay your renewal premium in full at that time . This process would continue so long as you remained with that lender .