Input: Will Medicare Pay For Weight Loss Surgery?

Output: Medicare will pay for weight loss surgery if the BMI is over 35 , if there is a health condition related to obesity that will be cured or alleviated by losing weight through the weight loss surgery , if weight loss must occur before treatment can be effectively undertaken for another health problem , and if other treatments are not expected to work to produce sufficient weight loss . There is a psychological evaluation done prior to surgery to make sure it should be done .


Input: Does Home Insurance Cover Lost Jewelry?

Output: Each homeowners policy is different , but most do have some limited coverage for jewelry . Look over your policy or contact your agent to find out exactly what coverage is provided . I service auto , home , commercial , and farm lines in Wisconsin . Please feel free to contact me if you live in Wisconsin and would like to hear what my company has to offer .


Input: Does Home Insurance Cover Lost Jewelry?

Output: Jewelry is covered under a homeowners policy . Most homeowners policies have an internal limit to the amount of coverage for jewelry . Under the homeowners policy the loss of jewelry is subject to the deductible on the policy . People are rarely satisfied with the adjustment made on jewelry under their homeowners policy . A jewelry floater is supplemental coverage that can be provided and it will replace the lost jewelry or pay a stated amount . This coverage must be backed up by an appraisal . There isnt usually a deductible on a jewelry floater .


Input: Does Home Insurance Cover Lost Jewelry?

Output: Coverage for jewelry is usually subject to a specific limit . Most companies will allow some increase in coverage by endorsement . Most companies will provide complete coverage with a floater . The floater is based upon an appraisal and provides 24 hour coverage worldwide . If the insured jewelry is lost the policy will pay full replacement value without any deductible .


Input: When Does My Auto Insurance Expire?

Output: Your auto insurance expires -LRB- technically -RRB- on the cancellation date of the contract . If you do not pay your bill , you will receive -LRB- at some point -RRB- a notice in writing that your policy will expire on a specific date . That date is your expiration date and coverage ends . So do n't drive on or beyond that date without either paying the premium or securing other coverage .


Input: When Does My Auto Insurance Expire?

Output: Generally , your auto insurance will expire 6 months after you purchased it , although some policies have a 12 month expiration date . You can verify the exact date of your specific expiration date on your policy declarations page . This is generally referred to as the `` X-Date '' by your insurance agent or company .


Input: What Is The Risk Of Annuities?

Output: One of the biggest advantages to Annuities is the low risk . As long as you follow the terms of the contract and do not surrender early , you will never lose money on an Annuity . Indexed Annuities are tied to the Stock indexes and can provide some of the gains without the risk of the stock market . Due to the guarantees in the contract and lower risk , you will not have the higher gains of riskier investments , but it is still competitive since you do not have to worry about the losses . Never tie up all of your money into any long term investment vehicle . Companies are now required to have suitability requirements so make sure you understand what you are purchasing and the surrender terms .


Input: What Makes Auto Insurance Go Down?

Output: There are many factors in rates for insurance . Your rates are not only determined by your driving habits and type of car and your age . there are things that make rates increase such as how many people in your area have accidents and duis and also things like Sandy and Katrina . Things to lower your rates are things like deductibles , however high deductible will lower your rates but not by much when you take in to the fact that going from 100 deductible on comprehensive to 1000 may save a you a few dollars in a month can you come up with 1000 in the event of a loss ? Not many can . Also lowering Liability limits but this is not a good choice either in the event of an accident will you have enough coverage ? My best suggestion is to shop around call in independent insurance agent they can compare rates with many carriers


Input: What Makes Auto Insurance Go Down?

Output: Insurance Companies are trying to price a product before any one uses it and that is a difficult task So , things like deductibles as suggested here can limit your out of pocket expense in the short term , but maybe costly in the long run . So that is an important part of building a personal insurance program , but not necessarily a major piece . I never recommend reducing your limits . That is a drastic action and one you should avoid at all costs . For whatever reason you thought that was an adequate amount insurance before ; it is unlikely that your situation in life dictates that it no longer is necessary . Reduce your costs by how you drive . Many companies will give credit for substantially less driving . T he most correlated variable in auto insurance is actual mile s driven . So if you can reduce that , you should save on your auto policy . . Look at ride share , public transit or other ways to use your car less . If that is not practical look at ways you can drive safer . Be sure your air in your tires is correct , that you can safely see out of your side view mirrors , that you vision is good and that your attention to driving is foremost and that you are not impaired in any way including lack of sleep . Most accidents are caused by human error . Drive defensively !


Input: What Makes Auto Insurance Go Down?

Output: Car insurance certainly can go up or down depending upon a great many circumstances and factors that effect a company 's rate structure . We all know that a great driving record , strong credit history and taking advantage of a company 's `` multi line '' discounts by insuring more than just your cars will certainly help your bottom line . The age of your car , how you drive , whether or not it may be used in business pursuits , these are things that can affect the premium you pay as well . Be sure to check with your insurance professional to be sure that you are taking advantage of all the available discounts .


Input: How Does Variable Universal Life Insurance Work?

Output: Variable universal life insurance is a security under the governance of FINRA and the state department of insurance in your local . Variable universal life insurance employs a crediting and/or debiting method of separate sub accounts using market equities and bonds . And because variable universal life is a security and like all securities you have the potential to lose money .


Input: Can Someone Get Life Insurance On Someone Else?

Output: Yes , it is possible , but there must be a demonstrated insurable interest between the people involved . Here are a couple examples . In a marriage that is simple . Clearly each spouse has an insurable interest in the other as well as any of their children . In a business partnership , such an insurable interest also exists pretty clearly in that all the partners have an equal financial interest in their company . A business may also have a key person without whom it would be difficult to maintain that business . In a case like that the business can purchase coverage on that person .


Input: Can Someone Get Life Insurance On Someone Else?

Output: Yes , when someone gets life insurance on someone else , the person who purchased the policy is the policy Owner . The other person whose life is being insured , is called the Insured . It is the Owner who makes the decisions about the policy , such as naming the beneficiary , which bank account to pay the premium from , etc. . Obviously , you would want everything to be above board if you were going to be the Insured in a policy owned by someone else . One reason someone might want to own a policy on someone else 's life is if they would suffer a great loss if that person died . E.g. . The Insured owed the Owner a great deal of money , and the life insurance policy would repay that debt if the borrower died . Or the Insured owned the home where the policy Owner was living , and that policy would enable the policy owner to purchase the home when the Insured person died . Unless there is a very close family tie , this type of insurable interest in actually required in order to take out a life insurance policy on someone else .


Input: Can Someone Get Life Insurance On Someone Else?

Output: Buying life insurance on unsuspecting third parties was an old form of gambling . It was particularly popular around waterfronts where the prospects of a sailor perishing on a voyage for high . Today the key is , insurable interest . This compounded by a requirement that the person being insured cooperates by signing the application , providing a release of medical information and then reciting their medical history . A legal relationship is n't required .


Input: Can Someone Get Life Insurance On Someone Else?

Output: Certainly , but they must have both an insurable interest and inform the insured . Insurable interest is something like having a financial interest in their survival . Say husband/wife , parent child or vice versa , or even former spouse to someone who is paying them for something owed -LRB- other than support which would end at death -RRB- . Thank you . Gary Lane .


Input: How To Plan For My Retirement?

Output: Ideally planning for retirement should start as soon as we start working . Why ? Chances are we will make it to retirement and be there longer than we are in the traditional workforce . In short , the sooner you start saving the more you can take advantage of compound interest . A pilot has a checklist to be sure nothing is left out . I suggest you use one to help plan for your retirement , it will save you time and money . It is a shameless plug , but you will find one at www.RetirementPlanningCheckList.ca that you can use as a guide . Here is brief overview : First you need to decide , what a successful retirement means to you and then choose a retirement date as a focus point . Next determine , what it will cost to fund your retirement goals . Do a retirement budget , etc. . Once you determine the cost , how much you need to accumulate and need to save can be determined . Examine and co-ordinate the various sources of retirement income . Review your employee benefits to determine what you will need to supplement with personal plans . If you are self employed , you will need to address what is going to happen to , and with , your business . Succession planning needs to be addressed . Ensure your estate plan is up to date with what you want to happen after you are gone - will , beneficiaries for insurance and retirement account , etc. . Keep your spouse informed and be sure to have a Personal Record Organizer that provides the location of your important documents . Choose a financial planner to assist you . Take action , get started . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . There is additional information on retirement planning and business succession planning on my website . www.jpw.ca


Input: What Happens When I Change My Homeowners Insurance?

Output: You will have a new carrier of your homeowners coverage . If you and the agent have discussed all of your coverage needs then you change of carriers should be seamless . If the agent has done his job properly you will be covered at the same levels as your previous carrier if not better .


Input: What States Don't Permit Doctors To Overcharge What Medicare Pays?

Output: In a free economy anyone is allowed to charge whatever they feel that the market will bear . In fact if a person gets together with others in the same occupation and seeks to set prices they are violating law . Medicare pricing limits what Medicare will reimburse a physician . Some doctors will accept Medicare payment as payment in full .


Input: What States Don't Permit Doctors To Overcharge What Medicare Pays?

Output: First of all , Medicare is ran by the Centers for Medicare and Medicaid Services or CMS as it is more popularly known . This is a federal agency so it is not state ran . Therefore , all states equally accept what Medicare pays as the final payment and can not balance bill a senior . Physicians must take a certain percentage of patients that are one Medicare . They agree by contract to accept the Medicare payment schedule and prohibited by law to balance bill .


Input: What Is The Yearly Cost Of Medicare?

Output: To the average Medicare recipient , the yearly cost of Medicare Part A is free . If there is a charge due to being ineligible for free Part A , there is a premium of up to $ 441/month . There are deductibles and co-pays for services provided under Medicare Part A. For Part B , the premium to the average Medicare recipient is $ 140.90 / mo. . There is an annual deductible of $ 147/year and 20 % co-pay for services and supplies received .


Input: Can I Require Renters Insurance?

Output: Since a rental agreement is a legal contract , either party can make whatever requirement they deem important . As a fellow landlord , I make it a requirement that all my tenants provide me with evidence of a renters policy naming me as the additional insured . Your own insurance company should have alerted you concerning this matter . The renter is responsible for property damage and personal injury claims on the rented property .


Input: Who Is The Best Home Insurance Company In Georgia?

Output: Like all other types of insurance , there is no one company that is `` best '' or `` most affordable '' home owners coverage for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . With property and casualty coverage such as home owners or auto insurance , you can normally get a better deal when purchasing coverage for more than one item . For example , I live in Georgia also and have my car and my home both covered on policies with Auto-Owners Insurance company . With the multi-policy discounts I receive , I actually pay less to insure my home and car than I would pay to insure my home , if that was the only policy I carried with that company . While that may sound illogical , if not unbelievable , it is true , and is a very smart approach to take to make sure you keep as much as your hard earned money in your pocket as possible .


Input: What Is Actual Cash Value In Homeowners Insurance?

Output: The actual cash value is defined in your policy . Generally it is the amount necessary to replace the property with materials that are approximately the same is those damaged . This value is set at the time of loss . This is most easily understood if we consider personal property . Consider the effects of fire damage to a couch . The actual cash value of the couch is set at the amount necessary to replace the couch with another couch that is of similar quality and age as the one lost . If the policy has replacement cost coverage for personal property it would replace the couch with one of similar quality but new . Under no circumstances will recovery exceed the values listed in the policy .


Input: What Health Clubs Are Covered By Medicare?

Output: Health clubs are normally part of Medicare Advantage or Medicare supplement plans as an added benefit . If you have Medicare parts A and B , you may qualify to enroll in one of the such plans to get a health care membership . I hope this answer helps , have a great day !


Input: Will Getting Married Affect My Health Insurance?

Output: Getting married will have no effect on your health insurance plan . You could add your spouse to your plan if you wish . Or , if your spouse is covered on an employer plan , he/she can stay on that plan . If your spouse is uninsured , he ` she can remain uninsured . Any way you slice it , getting married will have no effect on your existing policy .


Input: Will Getting Married Affect My Health Insurance?

Output: Getting married may or may not have an effect on your insurance policy depending upon what actions you take . Technically adding your new spouse to your policy will not change your benefits but it may have an impact on your monthly costs . If you are covered under an individual major medical policy then you would see your monthly premium increased by the amount associated with your spouse 's age for the policy you have in force -LRB- this assumes you are covered under an Affordable Care Act compliant policy taken out on or after January 1 , 2014 when community rating went into effect -RRB- . If you are adding a spouse to an employer based policy then the financial impact will depend upon what your employer 's contribution is towards employees with dependents . Some employers contribute towards the health insurance premium costs of their employees and their covered dependents . Increasingly though , employers are contributing only towards the cost of the employee 's coverage and the employee is totally financially responsible for the difference in cost for adding a dependent to their coverage . To make things even more interesting , the Affordable Care Act -LRB- ACA -RRB- does not define spouses as dependents ! So , while the practice has not become wide spread yet , some employers are not allowing spousal coverage under their group plans -LRB- dependent children must be covered according to the ACA -RRB- . What is more common is that if your spouse is employed and their employer offers health insurance and yet you still wanted to add your spouse to your coverage , the employer could assess a penalty charge above and beyond the additional premium cost for adding a spouse in this situation . Obviously the objective here is to discourage the addition of spouses whose cost and risk could be borne by another employer . So , adding a new spouse to your health insurance coverage may not be the simple transaction that it may have been in the past . You need to explore your options and determine what the financial implications are for adding a spouse to your coverage . In some situations you may find that it makes more sense financially to purchase individual health insurance coverage for your spouse than to add them onto your group 's health insurance plan . I would recommend you find a health insurance broker to assist you with this decision making process .


Input: What Is Life Insurance Relief?

Output: Life insurance relief is a tax relief program in the UK and some other countries , in which long term life insurance policy holders are given a tax break for premiums paid . In the UK , it applied only to policies taken out prior to 1984 , but the decision was made to abolish the life assurance premium tax relief program for all policies this year .


Input: Is Renters Insurance Cheaper Than Homeowners?

Output: Assuming all things are equal yes renters insurance would have a lower premium since a tenant who will be purchasing renters insurance is not insuring the dwelling . -LRB- home , condo or apartment -RRB- . Renters only need to cover their own personal property , liability , guest medical and loss of use while a landlord would consider all of the above and their dwelling .


Input: Can You 1035 Life Insurance Into Annuity?

Output: Yes , you can 1035 life insurance cash value into an annuity . Because of the tax advantages of life insurance -LRB- that it goes to the beneficiary income tax free -RRB- , transferring life insurance into an annuity is not done with regular frequency . But if you have a life insurance policy that you do n't like , it is an option that may work well for you .


Input: How Much Would I Have To Pay For Health Insurance?

Output: How much your health insurance costs is going to depend on several factors : your age , where you live , what level plan you want , and which carrier your policy will be with . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . This is where an independent insurance agent can really help you . They can work with you to look at a wide range of options from many of the top carriers in the industry .


Input: How Do I Get Car Insurance?

Output: To purchase car insurance contact your trusted insurance agent . If you dont have an agent , get referrals from your friends , colleagues or neighbors . A good insurance agent will listen , provide sound advice , take accurate information and answer your questions . When you meet with the agent carefully weigh the recommendations provided . The real test of the policy will be when a claim is made . You want to make sure that you have adequate coverage . At the time of claim , the price becomes meaningless .


Input: Can Anyone Buy Disability Insurance?

Output: Some employer sponsored group plans offer short term disability insurance . If your employer doesnt offer this , then you can purchase short or long term insurance , providing that you can qualify . Disability insurance costs are based on your health , your activities and your compensation . Personal information is part of the pricing process like your gender , age , health history , current medical condition , smoking status , etc. . Your activities like recreation , vocation , motor vehicle violations , etc. . Up to 60 % of your compensation can generally be protected with tax benefits . Up to 80 % of your compensation , if you can legitimately deduct the premiums as a business expense , but then the benefits are taxable . You may pay 3 to 5 % of your compensation for disability insurance .


Input: How To Plan For Retirement With A 401K?

Output: A qualified , employer sponsored , defined contribution retirement plan like a 401 -LRB- k -RRB- is one of the most popular savings options . Some employers offer an additional contribution match furtherenhancingyour pretax contributions . Many advisers recommend that baby boomers work until age 70 1/2 to contribute as much as possible due to the risk of longevity duringretirement and required minimum distributions are triggered for income .


Input: Does Homeowners Insurance Cover Driveway Replacement?

Output: The standard homeowner policy only responds to unforeseen losses caused by covered perils . Therefore , a policyholder could expect his or her homeowner policy to cover damages caused by covered perils . For example , one of the most common covered causes of damages to a driveway might be ` damage caused by a vehicle ' . Of course , the deductible would be applied in the assessment of the amount of damages . Always think : What is the cause of the loss ? Then : Is it covered under my policy . Your independent insurance agent can help you determine coverage situations .


Input: Does Homeowners Insurance Cover Driveway Replacement?

Output: More than likely no because a driveway is not considered a covered `` structure '' under the Homeowners ' policy . Further , in many cases , driveway damage is caused by some form of settling of the earth under the pavement . Since earth movement tends to be a standard exclusion in a Homeowners policy , any damage resulting from that also would not be covered .


Input: I am a hypnotherapist and I'm wondering if my services can be covered by insurance?

Output: Yes your services as a hypnotherapist can be covered by insurance . What you would be looking for is professional liability insurance coverage or errors and omissions insurance coverage which are really one in the same . This would cover a loss if a client alleges your services harmed them in some way or failed them potentially in an expected service . You would want to consult an insurance agent who specializes in this area to discuss potential coverage and how a professional liability policy can protect you .


Input: Which Company Has The Best Term Life Insurance?

Output: I would define `` best '' as getting the most value for the money . That means buying your life insurance from a stable company that will be there to pay out in the end , and purchasing a life product that is competitively priced . First , for guaranteeing the reliability of the company , look only to buy life insurance from companies rated `` A '' by A.M. Best . Second , to get the lowest cost , use an online service that provides quotes from as many of A-rated insurers as possible . The QualityTermLife website offers a free service where you can get term life insurance quotes from over 50 insurance providers , anonymously .


Input: Which Company Has The Best Term Life Insurance?

Output: `` Best '' often means , `` cheapest . '' However , `` best '' really means , `` pays the death benefit when the insured dies . '' No matter what you pay , if you die after the term of the policy , there is n't a death benefit . If you know when you are going to die , then selecting the `` best '' policy is easy . If you do n't then it is difficult .


Input: Which Company Has The Best Term Life Insurance?

Output: Well as I work with multiple companies and hundreds of coverages in all 50 states . There are policies to fit anyone 's needs . All the.companies are very creative . First you may want to look for price , extended coverages within policy , and the fairness of the agents . Most important is to speak directly to an agent for better consultation and quotes including the needs phase to find what 's best .


Input: Which Company Has The Best Term Life Insurance?

Output: Term life insurance is pretty much the same , no matter which company from which you buy it . Some things that could make one policy better than another are : 1 -RRB- The premiums are guaranteed not to go up for the entire term . 2 -RRB- The policy is convertible to a variety of permanent products , to the end of the term or past age 65 , whichever comes first . 3 -RRB- The policy is renewable . Companies are mainly rated by agencies such as AM Best , S&P , Moody 's , and Fitch . You can also look up complaints against a life insurance company , their customer service satisfaction , and other factors to help in your decision .


Input: Does Michigan Require Auto Insurance?

Output: Michigan , like most states , requires its drivers to carry a specified minimum amount of auto insurance coverage . The minimum limits are $ 20,000 per person , $ 40,000 per accident and an additional $ 10,000 for property damage . However , these limits are quite low and if possible , and it is within your budget , you should consider higher limits . As an experienced broker , I highlyrecommend the next level of coverage , that will provide a much broader protection . Free online quotes are always available from the top-rated carriers .


Input: What Is Basic Life And AD&D Insurance?

Output: Basic Life and AD&D Insurance are the names often used when offering supplemental insurance to employees . Basic Life refers to life insurance that would pay the death benefit to the beneficiary if death occurred by any reason -LRB- except suicide in the first two years -RRB- . ADD&D stands for Accidental Death and Dismemberment . It would pay the death benefit only if the insured person died as a result of accidental death , such as car accident or falling down stairs .


Input: What Is Basic Life And AD&D Insurance?

Output: I would add to Peggy 's answer that typically the `` basic '' insurance that employers offer to employees is Term insurance and is usually a lower amount like $ 25 , to $ 50,000 benefit . Additionally the insurance terminates if you leave the company . The AD&D rider -LRB- accidental death and dismemberment -RRB- , usually doubles the death benefit should you die in an accident . Sometimes you can buy additional insurance to that which the employer provides , and if you do you may be able to continue at least the additional insurance you buy when you leave the company and possibly convert it to Whole Life .


Input: What Qualifies As A Domestic Partner For Health Insurance In Texas?

Output: Article I , Section 32 added to the Texas Constitution in 2005 , states , `` Marriage in this state shall consist only of the union of one man and one woman . This state or a political subdivision of this state may not create or recognize any legal status identical or similar to marriage . '' However , many companies and government agencies in the state do allow benefits to be extended to same-sex partners of employees . To more precisely address your particular situation , I would recommend consulting the current policies of the company you are interested in receiving benefits from .


Input: What Auto Insurance Is Best?

Output: This is a difficult question . There are many insurers who are able to sell you coverage and that is then '' best '' in the eyes of the beholder.But let me give you some guidance for resolving this dilemma . Start with an agent in your area who is an independent agent and therefore represents many companies . They will be more keenly aware of multiple insurance carriers appetite for the coverage that you seek . Keep in mind as well the rating firms such as AM Best and Demotech rate insurers on financial strength . Ask your agent .


Input: Can Car Insurance Companies Drop You?

Output: Yes , if you do not pay your premiums or no longer meet the carriers standards the carrier can either cancel or non-renew your policy typically with as least fourteen days notice . Contact your local agent to discuss the details of the drop notice . They may be able to help you understand the reasons behind your coverage being dropped or non-renewed .


Input: Why Is Renters Insurance So Expensive?

Output: Expensive is a relative term to the person using it . Based on my limited experience within my geographic location ; renters insurance is typically very inexpensive . I would say based on my experience that an average renters insurance policy in my area is around ten dollars per month and if you have your renters and auto coverage with the same carrier you will typically receive additional discounts . If you feel the rate for your renters insurance is too high call some other local agents in your area to receive quotes from other carriers for the coverage you seek .


Input: Why Is Renters Insurance So Expensive?

Output: There is so much competition for renters insurance that I am surprised by this question . The premium is an accurate reflection of the risk . That means that you have so much to lose should a fire sweep through your residence , or if someone were to slip and fall in your unit . The results could be that without insurance you would be bankrupt and without any personal property .


Input: What Does The Comprehensive In Auto Insurance Cover?

Output: Comprehensive coverage on an auto policy typically covers fire , theft , vandalism , glass breakage and many other items other than a collision . the deductible is generally lower than the collision deductible , and the cost is always less than collision costs . There are many deductible options and an experienced broker can help you determine the most cost-effective choice . Personally , based on my 32 years in the business , I have found that higher deductibles -LRB- over time -RRB- tend to be the most favorable option .


Input: What Affects Auto Insurance Rates?

Output: AutoAuto in insurance rates are determined by many factors such as age area you live credit driving experience type of vehicle other policies withthe company each company has different underwriting rules and rating factors so do not be afraid to ask you agent which company fits best for you and why . In most cases an independent agent can shop for you and find out what company will give you the best rating


Input: What Affects Auto Insurance Rates?

Output: The major factor in fixing auto rates is claims . If the company pays out more in claims than it receives in premiums , the state commissioner will authorize the company to increase their rates . Actuaries are people who segment the market and track the claims for every conceivable segment . That is how they can use the year , make and model of your car , the number of miles you drive , the location of your car , the driving record of the members of your household , your previous claim history and develop a specific premium for you .


Input: What Does ROP Mean In Life Insurance?

Output: ROP stands for Return of Premium in life insurance . It generally refers to term life insurance where you get back all the premiums you paid in if you keep the policy until the end of the term . After about half the term has passed , a portion of the premiums may be returned if the policy is dropped early . ROP policies usually cost substantially more than regular term policies . Unlike regular term , longer terms in ROP term usually cost less than the shorter terms , because the insurance company is able to hold onto the premiums longer before returning them .


Input: Who Can Get Medicare Part A?

Output: People who are US citizens , or who have been legal residents of the US for at least 5 years , can get Medicare Part A . If they have paid Medicare taxes through their employment for at least 40 quarters -LRB- 10 years -RRB- , or if their spouse has done so , they can get Medicare part A for free . If their work history does not qualify them for free Part A , they can pay a premium to purchase it .


Input: Why Do I Need Critical Illness Insurance?

Output: I recommend all my clients need a critical illness policy to protect themselves from the costs involved with the illness . What most fail to think about is what happens after the illness . A critical illness often leaves people unable to work or sometimes lose their job -LRB- and possibly the health insurance that went with it -RRB- . A cash critical illness plan of any benefit amount helps maintain the lifestyle you had prior to your illness by affording cash to pay the mortgage , cars , food , necessities and other unforeseen out of pocket costs associated with the illness . At the very least I advise clients to purchase a critical illness plan that matches their max out-of-pocket of their health plan so in the worst case scenario they will have no risk exposure .


Input: Why Do I Need Critical Illness Insurance?

Output: People do not necessarily need critical illness insurance . Unlike life insurance , which covers the inevitability of death , no ones knows whether they will suffer a critical illness such as cancer , stroke or heart attack . But if they do , getting that lump sum of cash can be a huge relief . It can provide income while unable to work , pay for medical bills , cover household bills , or cover expenses related to being ill . Not only does this help with the financial burden , it also brings a ray of sunshine at a dark time .


Input: Why Do I Need Critical Illness Insurance?

Output: Whether anyone actually needs Critical Illness Insurance is hard to say . Like all insurance , it is a protection against a known risk , but it is unknown whether that risk will ever happen to you . That being said , the types of critical illnesses that used to kill people in the past , are now routinely being survived due to medical advancements . However , these medical treatments are not cheap , and a person can be treated for many years for the same ailment . So there is a higher chance than ever that critical illness insurance could be needed in your lifetime .


Input: Is Garage Door Covered By Homeowners Insurance?

Output: A garage door is part of the dwelling so this means the garage door is covered by the same perils of the policy as the rest of the home minus your deductible . If it 's attached to the home is part of the home . If it falls free then it 's personal property and not dwelling .


Input: Does A Life Insurance Policy Become Part Of An Estate?

Output: If the beneficiary of a life insurance policy is a person , the proceeds are paid directly to the beneficiary . If the beneficiary of the policy is the estate , then the death benefit does go into the estate to be distributed according to the will . However , life insurance proceeds are subject to estate taxes whether or not the beneficiary is a person or the estate . If the value of the life insurance benefit plus the value of the estate exceed the $ 5.25 million exemption per person -LRB- in 2013 -RRB- , then putting the life insurance policy in an irrevocable trust may be a good idea . Talk to you tax adviser and a knowledgeable life insurance agent to make an informed decision .


Input: Does Medicare Include Nursing Home Care?

Output: Medicare offers limited care for treatment in a skilled nursing facility -LRB- SNF -RRB- or nursing home . You must have a medical need for being in the home . Admittance to the nursing home must follow a qualified stay -LRB- at least 3 days -RRB- as an inpatient in a hospital . If Medicare approves your claim your Medicare supplement policy will pay their portion of the approved claim .


Input: How To Get Multiple Auto Insurance Quotes?

Output: The proper way and best way is to compare through an LOCAL independent agent . and check with many local agents because unfortunately some agents will not always give you the best rates available or apply the discounts that can be applied . I personally have quoted with clients who brought quotes in from other agencies and been $ 100 a month cheaper with the same carrier . Unfortunately some agencies are no different then car salesmen Trust your gut talk to the person and go into the office and see how they operate are they there to really help you or are they there just to make a profit ? It is sad to see this in the industry but it does happen . Also look to see what kind of service they provide are they making you wait for the quote are they prompt are they willing to answer the 24/7 or is it they type of agency that sells you a policy and the next time you call with a question or an issue they send you to a 800 to talk to the carrier because they wo n't service our policy . Make sure they listen to your needs not just making you a number .


Input: How To Get Multiple Auto Insurance Quotes?

Output: The best way to get multiple insurance quotes is to contact a local independent agent . Independent agents are not beholden to any once company and therefor are able to quickly give you multiple quotes with multiple options to chose from . Independent agents work for the client , not the insurance company .


Input: Does Medicare Cover Skilled Nursing?

Output: Skilled nursing facility care is a Medicare Part A covered service . Coverage includes a semi-private room , meals , skilled nursing and rehabilitative services , and other services / supplies that are medically necessary . To qualify for skilled nursing facility care you must of had a three day minimum medically necessary hospital stay for a related illness or injury and certification from your doctor that you need daily skilled care -LRB- examples : intravenous injections or physical therapy -RRB- . If admitted to a skilled nursing facility , you pay nothing for the first twenty days of each benefit period . You are responsible for co-insurance per day for days 21 through 100 of each benefit period . If you have Medicare Supplement insurance , your co-insurance may be covered depending on your Plan benefits . If you are not sure of your Medicare Supplement insurance plan benefits , you can contact your insurance company or an independent agent who specializes in Medicare Supplement insurance -LRB- such as myself -RRB- . After day 100 in a benefit period , you pay all costs . Thank you for taking the time to read my response . Please let me know if I can be of further assistance .


Input: What Is Renters Insurance Loss Of Use?

Output: Loss of Use for both Renters and Homeowners Insurance pays for any additional expenses incurred if you are forced to leave your home or apartment while repairs are being made . For example , you have to pay additional housing costs because of staying in a motel , you have to eat out more because you have no place to cook your food , you have to store your salvagable furniture in a storage facility . These type of things would be included under Loss of Use .


Input: What Is Renters Insurance Loss Of Use?

Output: Loss of Use , typically referred to as Coverage C , provides payment to an insured if their home becomes uninhabitable due to an insured loss . For example , if the place you are renting is damaged due to fire , vandalism , smoke , etc. , you will be reimbursed for the nights spent at a hotel .


Input: Which Retirement Plan Is Right For My Small Business?

Output: Which retirement plan is right for your small business depends on what you what your objectives are and the resources you are willing to commit . Retirement plans for all employees ? Key employees only ? In Canada , if you choose a group RRSP or a defined contribution pension plan , the company can determine the amount of contribution . The amount of the retirement income value or pension depends on investment growth . If you choose a defined benefit pension plan , the the company guarantees the amount of the retirement income and the amount of contribution is unknown . In that case the risk to the company increases . There are a number of solutions available depending on your objectives . If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: How Much Is Farmers Renters Insurance?

Output: Farmers renters insurance rates will vary , depending on where you live , the type of coverage you have and perhaps other discounts that you may qualify for . For example , the coverage on your contents could vary greatly , along with other riders that may be included . It 's possible that monthly rates could be as low as $ 8 and as high as $ 20 or $ 30 .


Input: How Much Is Cobra Health Insurance?

Output: The cost of COBRA is equal to 102 % of the full cost of your prior group health plan . For many people , this may come to several times more than you were previously paying for your premiums , because most businesses offering group coverage pay a substantial portion of their employees premiums .


Input: At What Age Should I Apply For Medicare?

Output: You should apply for Medicare Part A at age 65 , if you are still working . If you are already receiving Medicare benefits at age 65 , you will receive a packet in the mail that will instruct you on how to apply for Part A and B . You should get this approx 3 months before your 65th birthday .


Input: Will Medicare Cover A Nursing Home?

Output: Medicare coverage for Nursing Home is extremely limited . You must be admitted to the hospital for at least three days not counting day of discharge , you must need skilled care , and the reason for your care must be related to the reason for your hospital stay . Medicare will pay all of the first 20 days in a Skilled Nursing Facility . Days 21 through 100 you will have a copay . This year that copay is $ 148 per day . Medicare does not pay for custodial care , which means that unless there is the ability for the persons health to improve by receiving skilled care , Medicare will not pay .


Input: How Are Variable Annuities Taxed At Death?

Output: Variable annuities are personal property . Personal property has an owner . An owner can pass property at death in differing ways . There may be state specific issues , so generalizations are used . Strictly by the question posed : Assuming that this is a non-qualified annuity with no generational stretch planning tactics , the variable annuity will , in most states , bypass probate and pass directly to the primary beneficiary of the policy . If thats a spouse , more than likely , no taxable event will occur -LRB- assuming theres a gain -RRB- , but someone else , including children , will more than likely pay ordinary income tax on any gain .


Input: Does Medicare Part B Cover Xeloda?

Output: Medicare may cover some cancer drugs taken by mouth IF the same drug is available in an injectable form or is a prodrug . Xeloda is included this list . However , you will typically see these drugs covered under a stand-alone Part D prescription drug plan - you would need to check your plan 's formulary to see if this specific drug is covered and at what tier it would fall under .


Input: How Much Will My Insurance Go Up If I Trade In My Car For A Pickup Truck?

Output: It is possible that your premium may increase by making such a change , but it could be the result of any number of different factors . For example , some companies will surcharge the liability portion of their personal auto policies if a pickup or SUV is insured . The reasoning behind this is that heavier vehicles can cause more property damage and injury than can a lighter car . It is also possible that the truck is newer and has more value than your previous car and this can result in a bit higher premium for Collision and Comprehensive coverage . Talk to your Insurance Professional about the specifics of your policy .


Input: How Much Will My Insurance Go Up If I Trade In My Car For A Pickup Truck?

Output: Every vehicle insured as a private passenger vehicle has a symbol . That symbol represents the insurance companys experience with similar vehicles . The symbol represents the average costs of repairs that type of vehicle during a specified period of time . The symbol is closely linked to the cost of the vehicle but can be altered if the vehicle is difficult to repair or has an unusual frequency of incidents .


Input: How Much Life Insurance Is Sold Online?

Output: A study conducted by LIMRA and The Life Foundation in 2013 found that the number of people preferring face-to-face interaction with their life insurance agent had dropped to 50 % . That same study found that 85 % of life insurance shoppers would use the internet in some way in their purchase . Most life insurance that is sold online utilizes a combination of technology and personal interaction . E.g. . The shopper may find a quote online , then call that website to talk to an agent who will verify the rate and provide them with the application . So the question of how much life insurance is sold online is difficult to answer . But there is no doubt that many people looking for life insurance do like the convenience that online shopping provides .


Input: Why Do I Need Medigap Insurance?

Output: Medicare was never meant to pay the entire bill , it was designed to offer assistance to seniors not covered by other insurance . There is no maximum out of pocket limit , which means you can actually owe thousands of dollars in deductibles and coinsurance . Medigap picks up those deductibles and coinsurance .


Input: Why Do I Need Medigap Insurance?

Output: Why do I need Medigap Insurance ? Well , you do n't , but then you bear the risk of unlimited out of pocket costs for the things that are n't covered by part A or B . As with any insurance , the need is based upon the risk of loss . If you can absorb the potential unlimited loss , then no , you would n't `` need '' a Medigap plan .


Input: How Much Does A Life Insurance Trust Cost?

Output: There are different costs associated with a life insurance trust . In the case of an irrevocable life insurance trust , there is a cost for establishing it which varies based on the complexity of the situation , your location and other factors . It is usually bundled in with other estate planning services . Estate planning attorneys in your area will give you a ball park estimate but trusts and related planning often start at about $ 2,000 . There are also maintenance costs , especially if a professional trustee is involved . These trusts usually go hand in hand with gifts to the trust to pay premiums and servicing related to the gift e.g. Crummy letters.These costs must be factored in when deciding if the trust should be created . If your situation warrants such a trust , it could be money well spent . Consult with an experienced estate planning attorney .


Input: How Much Does A Life Insurance Trust Cost?

Output: The cost to create a life insurance trust is based upon the attorney you use to set the trust up . Each attorney will likely charge different fees for the work involved in putting together the trust documents . Please feel free to contact me for help with putting together the life insurance or if you have any other questions . Thanks very much .


Input: How Much Does A Life Insurance Trust Cost?

Output: A life insurance trust is not a product per se but a document written by an attorney . Most attorney 's fees range from $ 150 to $ 300 per hour . Depending on how simple or in depth the trust needs to be can take an hour or two to several hours if the trust is layered with complexities . Most attorneys can tell you over the phone a good estimate based on how you would like to have it set up .


Input: What To Look For With Renters Insurance?

Output: There are two main things you get with any fire insurance policy : property protection and liability protection . You will get both of these with a renters insurance policy . The property protection should be enough to cover all of YOUR personal belongings , but not so much that you are over insured . This should NOT include the cost of the building , or anything internal that belongs to your landlord , as they must cover that with their insurance . The liability coverage should be enough to protect you in case someone is injured . The liability coverage typically starts at $ 100,000 and goes up from there . You should pick an amount that will cover you in the unfortunate event that someone is injured and sues you .


Input: Can You Claim Prescription Glasses On Medicare?

Output: Unfortunately , the only time that prescription glasses are covered by Medicare is when following cataract surgery . One pair of glasses is allowed after each cataract surgery . Medicare does not cover the cost of prescription glasses for purposes of improving eyesight affected by aging or other conditions that impair eyesight .


Input: What Is Voluntary Long Term Disability Insurance?

Output: Voluntary Long Term Disability Insurance is a group disability insurance plan offered to employees at group rates . It is usually provided through payroll deductions . Voluntary Long Term Disability Insurance will pay a portion of the employee 's salary to them in cash if the employee is disabled due to illness or injury .


Input: Will Medicare Pay For Ymca Membership?

Output: Original Medicare does not cover gym memberships including member fees for YMCA , YWCA or similar community or private exercise clubs . Some Medigap plans include programs like Silver Sneakers . The value of those plans may be inflated but if that is something that comes with the plan and the premium is competitive , go for it .


Input: Will Medicare Pay For Ymca Membership?

Output: Original Medicare -LRB- Part A & B -RRB- does not cover YMCA or gym membership . Some Medicare Supplements and Medicare Advantage Plans -LRB- Part C -RRB- does provide gym memberships to their clients . SIlversneakers is a popular program offered by companies that sell Medicare Advantage and Medicare Supplement Plans . When selecting a plan evaluate the premium you are paying with the benefits the plan provides , do not base your decision on whether they offer a gym membership . Premiums vary considerably between companies that offer these plans . You may save more than enough to buy a gym membership by purchasing a plan that does not offer one because the premium cost much less .


Input: How To Claim Long Term Disability Insurance?

Output: I presume that you have purchased a long term disability policy as this is the logical precursor to being able to file a disability claim . Assuming this to be the case , then you or a friend or family member should contact your insurance agent or the insurance company you purchased your disability policy through and inform them that you have had a disabling event and need to file a claim . If your disability policy is provided by your employer you may want to contact your human resources department to start the claims process . In either event , you will be sent a claim form to complete and return to the insurance carrier . You should expect that the insurance carrier will request medical documentation of your claim of disability and perhaps the circumstances surrounding the cause of your disability . If you were charging people to watch you attempt to jump over the Grand Canyon in your Mini Cooper you may find that your disability claim will be denied due to an exclusion in your policy . Depending upon the how your disability policy was structured there will quite likely be an elimination or waiting period before your disability payments will begin . This period will vary depending upon the waiting period you selected when purchasing your policy . A 90-day waiting period is quite common but it could be 6-months or even a year . This is why some people purchase both Short Term and Long Term Disability policies . A Short Term Disability policy that kicks in on day one of an accident or after a week of an illness and that runs for 90-days or 6-months combined with a Long Term Disability policy with a 90-day or 6-month waiting period can often be less expensive and trying to purchase a Long Term Disability policy with a very short waiting period .


Input: Why Use Life Insurance For Estate Planning?

Output: Life insurance is a tax advantaged and economic leveraged insurance product that can help pay estate taxes or make a real financial difference with children , grandchildren or the charities of your choice . A typical healthy , super preferred nonsmoking male at age 65 can receive a $ 4 benefit per $ 1 premium in a single deposit scenario . In the same scenario a female can receive a $ 5 benefit per to $ 1 premium paid . And both male and female can receive a $ 6 benefit to $ 1 premium paid using a survivorship policy .


Input: Why Use Life Insurance For Estate Planning?

Output: There are several uses for life insurance in estate planning . I am in an agricultural area and many farmers are land rich and cash poor . When they die the taxman wants his part immediately , the heirs are forced to sell part of the property to raise money to pay the taxes , and life insurance is much more convenient and can perpetuate the farm . Sometimes there are multiple siblings but only one business . The child that gets the business is seen as being treated differently . Life insurance can balance the estate providing each child with an agreeable amount . There are other uses .


Input: Does Auto Insurance Have To Be In Owners Name?

Output: Techinically to be able to insure something , you have to have an insurable interest in that something - typically this means you own the something or you are providing the financing of the something . The proper way to insure a vehicle is for `` named insured '' -LRB- the name the policy is taken out under -RRB- to be the same as the owner of the car . There are times where their is split ownership of a vehicle or a lot of times a minor might actually buy the car but still be on their parents policy . There are certain ways you can list named insured and additional insureds and a lot of times these are specific to your state and your particular carrier . Contact your local agent to discuss your specific situation .


Input: Can An LLC Have A Retirement Plan?

Output: An LLC can have a qualified or non-qualified plan . Most popular qualified plans with employees are defined contribution plans like 401 -LRB- k -RRB- s . If the LLC is a single person perhaps a SEP IRA should be a consideration , with 25 % contribution of income with a cap of $ 51,000 for 2013 .


Input: Where Can I Buy Disability Insurance?

Output: Disability insurance can be purchased from a variety of companies . You may apply online , call a company direct or purchase it from your local insurance agent . However , it truly is one of the complex insurance policies on the market . I recommend using an experienced disability insurance broker to shop the market to find the best product at the best price for your unique situation .


Input: Where Can I Buy Disability Insurance?

Output: I agree with Peggy 's statement above . The internet is a resourceful tool when trying to find an agent in your area ! Also , if you have a company in mind , they can recommend an agent in your area who is already contracted with their company . Regardless , when you find an agent , whether it be via the internet or a life agent in your area , make sure you ask for multiple quotes from various carriers . Your agent should be able to show you several options . Do n't be too fixated on cost , but instead have your agent thoroughly explain the provisions of the policy . Cheaper does n't mean better , nor does the most expensive mean the best !


Input: Where Can I Buy Disability Insurance?

Output: A good place to start is to use a search engine and simply search on the words , `` disability insurance '' . However , many life insurance agencies sell disability insurance and may not show up , so going to a life insurance agency that sells many products is another avenue to buy disability insurance . To find a local agency , simply add your city to the search .


Input: Where Can I Buy Disability Insurance?

Output: Disability insurance can be purchased from a licensed insurance agent with access to disability insurance companies . Be sure you trust the agent you are working with and look at all the options the disability insurance contract has . There are quite a few options that you can choose from when purchasing a policy . Be sure to choose a company that is highly rated and has a good reputation as well . Feel free to contact me if you need assistance .


Input: Why Is Life Insurance A Taxable Benefit?

Output: The Great News is that Life Insurance Beneficiaries do NOT have to pay taxes on payments to them . Employees who receive Life Insurance provided by an employer are , however , receiving a benefit paid by that employer . You are liable for the taxes for the value of that benefit . Be happy though , that the payment on that policy will be absolutely tax free to the beneficiary . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: Why Is Life Insurance A Taxable Benefit?

Output: Your question could go a couple of different ways . A personally owned life insurance policy is NOT taxed . The cash value can be borrowed to avoid taxation . The death benefit proceeds when paid to the beneficiary is NOT taxed either . If you are asking about taxing a life insurance benefit such as group life insurance , Peggy is correct . The face amounts under $ 50,000 are not taxed , however , amounts exceeding $ 50,000 or a certain percentage of your income can be considered taxed employee benefits .


Input: Why Is Life Insurance A Taxable Benefit?

Output: If you are referring to group life insurance , the first $ 50,000 is usually not considered a taxable employee benefit . Coverage beyond $ 50,000 is taxable to the employee for the same reason most things have taxes : the government needs money . If you are referring to the benefit that is paid to a beneficiary upon the death of someone with life insurance , that benefit is not charged income tax .


Input: Is It Legal To Have Two Life Insurance Policies?

Output: It is legal to have as many life insurance polices as you want , as long as you are financially qualified to carry that amount of life insurance . Normally , the amount that a person can get is about 20 times their income . This amount drops in the senior years . Financial guidelines vary between companies ; ask an agent for advice when applying for a second -LRB- or third or fourth -RRB- life insurance policy to guide you .


Input: Is It Legal To Have Two Life Insurance Policies?

Output: Is it legal to have multiple life insurance policies ? Absolutely , you can purchase as many life policies as you qualify for . Some people worry that having a single policy with all the coverage inside that policy as a risk . A sort of all your eggs in one basket idea . So the idea of using several companies makes sense to them . It may not be necessary , but does n't make it wrong . Also , when it comes to companies that sell insurance , some companies are very competitive on Whole life policies but not their term . It is not uncommon for a person to buy their permanent coverage from one company and buy their term from another .


Input: When Should You File An Auto Insurance Claim?

Output: Filing an auto claim is extremely important . Take as many pictures as you can of the incident . Pictures are almost as important as witness statements . Let your agent or your company know as soon as possible . There is a temptation to try and deal with the other drivers insurance company and that rarely yields satisfactory results .


Input: When Should You File An Auto Insurance Claim?

Output: Talk to your Insurance Professional about the specific terms and conditions of your policy . Discuss the circumstances surrounding the incident for which you think you may have reason to open a claim . Your Insurance Professional will be able to explain your coverage and options and be in the best position to advise you about your claim .


Input: How To Add Renters Insurance To Progressive?

Output: In many states Agents are not allowed to sell home ore renters policies with Progressive . However there is a way to get the policy and get the discount with your auto policy also . I recently ran into this with one of our clients . If you go to Progressive.com and there are links on the page for renters insurance the average rate is about 100 a year . But can lower your auto insurance almost that much every 6 month just for bundling . If I can help you and you are in Montana feel free to contact our agency . Best rates Insurance Inc


Input: How Much Term Life Insurance Is Enough?

Output: Usually you have purchased enough term life insurance when all of the obligations you wanted to cover have been met . The most common reasons for purchasing term life insurance are to payoff debt , replace income , educate children , buy out a business partner or create an instant estate for loved ones at the most affordable price . If your face amount of term life insurance meets all of your criteria , congratulations , you have enough .


Input: How Much Term Life Insurance Is Enough?

Output: There is no magic way to determining how much insurance you need . A method you can use for determining how much life insurance coverage you need is to do a simple needs analysis : 1 . Income - How much income do you want to give your family and for how long if you died ? 2 . Education - Do you want to fund your children 's education ? 3 . Debt - Do you want to pay of any debt -LRB- car loan , mortgage , credit cards -RRB- if you died ? Add those three things together and you will have a good idea of how much you would need .


Input: How Much Term Life Insurance Is Enough?

Output: Determining how much term life insurance is enough can be accomplished with a life insurance calculator , or -LRB- easier yet -RRB- visiting with a life insurance agent who can guide you . These methods will help you look at the purposes for your coverage : e.g. to pay off your mortgage , put your children through college , etc. . Then they show you the amount of life insurance needed to cover those . Some people use a very simple guideline of getting a face amount equal to 10 times their annual income , and that is fine . But you may have a disabled child who will need care for his/her lifetime . Or maybe you are an investor in housing and need to protect multiple mortgages . So your need would be beyond what the average person needs . Again , having an agent to help can save you lots of headaches . You may need to make some compromises , and a qualified agent can show where you can give and take . How much life insurance you can get is also partly based on your income , so an ethical agent can get you to your goal quickly and within your budget . Please feel free to contact me or others on this website for advice at any time .


Input: What Does USAA Home Insurance Cover?

Output: The reason that there are few answers about USAA is that they are basically a direct writing company . However , they are a licensed company and offer products similar to those offered by other companies . Their homeowners policy would cover the residence , related private structures , your personal property in the house , and some incidental property coverages . It also has liability coverages and covers medical payments to others .


Input: Why do I need a bachelors degree to become an insurance agent?

Output: If there were 100 insurance agents in a room and you asked if any of them planned to be an agent prior to reaching age 21 , you might get one hand , the son of an insurance agent . This is not a career that requires formal education . There is a great deal of formal education available but it is not required to start .


Input: Why do I need a bachelors degree to become an insurance agent?

Output: You do not need a bachelors degree to become an insurance agent . Once you become an agent there is an abundance of formal education / training available.I recommend locating excellent mentor -LRB- s -RRB- and absorbing their knowledge/advice is priceless . It is crucial to your success to be constantly updating your knowledge and skills ...


Input: Why do I need a bachelors degree to become an insurance agent?

Output: You do n't . Very few colleges or universities have programs that prepare a student for a career in the insurance industry . That 's not to say that a bachelor 's degree would be useless , especially if it 's a degree in business administration it would certainly help you understand the bigger picture of risk management and the various areas where it can apply and why . But there are many very successful people in the insurance industry that either do n't have a bachelor 's degree at all or have a degree in a field that was totally unrelated to insurance . Insurance carriers probably prefer candidates with a college education and in today 's job market they can be choosy if it suits their corporate agenda and image . The major insurance consulting firms that deal with large businesses and complex risk management issues can certainly make the case that a bachelor 's degree and perhaps even advanced degrees -LRB- MBA , PhD -RRB- are necessary for the kinds of work they do . And I 'm sure some insurance agencies feel the same way . But as a 30-year veteran -LRB- admittedly college educated -RRB- very little of what most people learn in college will ever be applied in working with small and medium sized businesses and individuals on their various insurance needs . That 's the kind of training you will have to get in the real world of actually learning the products of the specific segment of the insurance industry you are working in and learning from the school of hard knocks . What 's really crucial in today 's insurance world is that you bring the capability to continually educate yourself , learn from others and regularly update your industry knowledge and skills as the insurance world is very dynamic and evolving rapidly .


Input: Why do I need a bachelors degree to become an insurance agent?

Output: I am a proponent of higher education , but it has to make sense . There are colleges that offer bachelor degrees in insurance . However , from an agents stand point , the success rate , in my humble opinion , is not increased . I have been blessed in the insurance industry for 22 + years and have recruited , trained , coached and mentored well over 1,000 agents . I have worked with agents that barely graduated from high school to college grads to even a couple of PhDs , there education level had nothing to do with their success or failure at selling insurance . As David mentioned , very few of us wanted to grow up to be an insurance agent . The best way to be a successful insurance agent is to become licensed and find a great mentor and be patient and become a sponge to learn everything you can about this great industry .


Input: Is Group Term Life Insurance A Good Idea?

Output: If your employer provides you free term life , take it . It is free . But remember it is not transferrable , so if you leave , you lose your insurance . That is why you should have your own , portable life insurance , whether it is term or permanent . I recommend indexed universal life . It grows , it does not go down , it reflects some market growth , and you can take it wherever you go . Talk with your agent . Thank you . GARY LANE .


Input: Is Group Term Life Insurance A Good Idea?

Output: If you are offered group term life insurance for free , or at a very low cost , it is definitely a good idea to take it . This is especially true if you have a health condition and the policy is able to be converted to permanent insurance later on . If your group term life insurance policy is not portable and does not offer conversion options , you should carry another life insurance policy on your own , so that you are not left uninsured when you leave your job .


Input: Does Being Unemployed Affect Home Insurance?

Output: Your employment status is not a question on an application for homeowners insurance . The company will want to know your occupation but even unemployed is an acceptable occupation . Being unemployed may be a tragedy but it doesnt affect the insurability of the home .


Input: How Do I Sign Up For Medicare Part B?

Output: You can sign up for Medicare Part B by going to the website medicare.gov . There is an online form that explains about Medicare Part B and allows you to sign up right there . Or you can visit your local Social Security office to sign up , or call Social Security at 1-800-633-4227 .


Input: I need secondary health Insurance with Medicare

Output: Original Medicare -LRB- Part A & Part B -RRB- generally covers approximately 80 % of your health care expenses . A Medicare supplement -LRB- Medigap -RRB- plan can cover gaps in Original Medicare -LRB- up to or all of the remaining 20 % , depending on the plan -RRB- . This is the optimal structure for many individuals . Plan A and Plan C are usually available Medigap plans for people under 65 on Medicare , but the premiums can be much more expensive than when you 're 65 or older . An alternative option would be a Medicare Advantage plan . I would recommend consulting with an insurance agent/broker to compare Medigap and MA plans that are available -LRB- and see if you have a special enrollment period available for Medicare Advantage plans - if you do n't have a special enrollment period , you would have to wait until the Annual Enrollment Period -LRB- October 15-December 7 of each year -RRB- to enroll in one -RRB- . For individuals on Medicare who are 65 or older , they would likely only have a group plan through an employer -LRB- if they 're still working -RRB- to provide secondary coverage -LRB- although the group plan may pay first and Medicare pay second -RRB- . Under this scenario , you would likely only have secured Part A and not Part B of Medicare as Part B requires monthly premiums - Part A is generally premium-free for most individuals . The premiums for a traditional under 65 health plan for someone 65 or older would be substantially more expensive than setting yourself up under Part A , Part B , and securing a Medigap plan or enrolling in a Medicare Advantage plan .


Input: When Does One Receive A Medicare Card?

Output: Most people will automatically receive their Medicare card a few months before they turn 65 . You will be automatically signed up for Part A and Part B in most situations . You can decline or postpone Part B if you wish . The only reason I can think of for postponing Part B is you have existing coverage through an employer group health plan and that plan is primary .


Input: When Does One Receive A Medicare Card?

Output: On a side note to Mr. Vineyard 's answer which is great , once you receive the Medicare claim number which is usually your social security number with a letter behind it , this will allow you to sign up for a Medicare Advantage Plan . These plans are offered through private insurance company 's like Aetna , United HealthCare , and Humana and have to be at a minimum as good as original Medicare but these advantage plans almost always have added benefits such as dental , vision , and hearing that original Medicare does not have . Most company 's have several plans available at a $ 0.00 monthly premium in addition to your Part B premium . Original Medicare only covers 80 % and you pay 20 % . There are no co-pays .


Input: How Much Is Health Insurance Monthly?

Output: There is no one size fits all answer to this question . And , the answer to your question will vary depending upon whether you are talking about employer sponsored group health insurance or individual health insurance . For group health insurance , depending upon the size of your employer 's group and the insurance carrier or self-funding arrangement they use you may receive a rate that is the same for any person in that level of coverage -LRB- e.g. - Employee Only or Family coverage -RRB- , this is called composite rating . You may also see rates that vary with the age of the enrolling employee and any dependents they are covering , this is age rating where a 25-year old with employee only coverage would have a different rate from a 45-year old with employee only coverage . Under the requirements of the Affordable Care Act -LRB- ACA -RRB- , individual health insurance is age band rated with a different rate for each year of age . You will need to check with a health insurance agent , insurance company web site or HealthCare.Gov to get rate information for you specific age and location . Marlin McKelvy Consumer Directed Benefit Solutions www.cdbsagency.com


Input: How Much Is Health Insurance Monthly?

Output: The monthly premium cost for health insurance will vary widely based upon a number of factors . Rates may vary based upon the number of people on the policy : individual , husband/wife , single parent , or family plans . The plan design also matters . You may pay more for a plan with a large network , and lower deductibles and other cost sharing components . The portion you are asked to contribute is often the biggest factor . Many group plan premium are primarily funded by employer contributions , with employees picking up only a small fraction of the costs . People buying plans in the individual market may now qualify for income based subsidies for premiums and cost sharing .


Input: How Much Is Health Insurance Monthly?

Output: There 's many factors that drive the premiums for a person 's health insurance including : 1 -RRB- Their age 2 -RRB- Zip code 3 -RRB- Tobacco user or non-tobacco user 4 -RRB- Plan level -LRB- bronze , silver , gold , or platinum - catastrophic is available for individuals under age 30 -RRB- 5 -RRB- The insurance company you want to apply with -LRB- each one will offer different rates -RRB- Prior to the new rules under the Affordable Care Act , gender used to be a contributing factor in rates as women generally used benefits more than men . Plans on the marketplace today have to offer unisex rates . It 's important to review your coverage with an independent insurance agent/broker so you can review plans from multiple carriers rather than just one . Independent agents/brokers will have the knowledge to help you find the health plan that 's suitable to your needs and your budget .


Input: Is Life Insurance Mandatory For Home Loans?

Output: While life insurance is a very smart thing to own while purchasing a home , it isnt required . More homes are lost through the death of a breadwinner as are lost through fire or other specified peril in a homeowners insurance policy . Life insurance to cover the period of the mortgage is fairly inexpensive .


Input: Is Life Insurance Mandatory For Home Loans?

Output: That is a great question ! While it is n't a requirement , it can be very good to have , and can help in securing your loan . A lender will be much more likely to loan you the money for a home if they know in a worst case scenario situation , they will receive the money they 'd loaned you . So being able to show that insurance coverage often will help persuade a lender to issue the loan , and often more favorably for you . The lender may also ask for you to get coverage if they feel that there is a great risk of them losing their investment in your home . I hope that helps - thanks for asking !


Input: Is Life Insurance Mandatory For Home Loans?

Output: No , Life Insurance is not mandatory for home loans . There is a type of insurance that is required for government backed mortgages , or if you can not make over a 20 % down payment on a private loan . This is called PMI , or Private Mortgage Insurance . It pays the lender if you are unable to pay your mortgage payments . This is different from buying voluntary Life Insurance that would pay off your mortgage if you died .


Input: What Do I Need For Renters Insurance?

Output: To secure renters insurance you should contact a local agent and have the following information handy : the amount of coverage that you are seeking , the year the building that the premise you are renting is in , the total number of units in the building that the premise you are renting is in , the distance of the nearest fire department , the distance of the nearest fire hydrant , andwhether or not the building has a fire/alarm system just for starters .


Input: Does A Will Override Life Insurance Beneficiaries?

Output: No , a will does not override life insurance beneficiaries . You can go to court to try to prove that the person who owned the life insurance policy was mentally incompetent at the time that they chose their life insurance beneficiaries . Otherwise , life insurance beneficiaries are designated outside the will , and they stand on their own .


Input: Can I Keep My Car On The Road Without Insurance?

Output: I personally would not recommend it . If you are driving the vehicle without insurance you could be exposing you and your family to financial burdens from accidents , possible fines , possible suspension of your license or even revokation . Not having collision or other than colllision -LRB- comprehensive -RRB- coverage can expose you financially but not providing coverage for the vehicle itself should you experience a covered loss -LRB- such as vandalism to the vehicle -RRB- .


Input: Who Should Buy Annuities?

Output: To determine whether an annuity is best for you , you need to establish a personal financial profile that includes a risk tolerance assessment and your life expectancy . Annuities have three basic crediting methodologies : fixed interest rate crediting , indice crediting and separate sub account crediting or debiting . The second item to determine is your effective tax rate . Once you have established these two parameters , financial profile and tax bracket you can review the top ranked annuities that are suitable for you .


Input: Does State Farm Cover Renters Insurance?

Output: State Farm offers an entire portfolio of insurance including Renters Insurance . Your State Farm agent can provide you with all the information needed . Be sure to consider paying for the insurance which will replace your `` stuff '' versus just paying you the value at the time of loss . There is a huge difference in what the insurance will pay out .


Input: Does ADP Offer Health Insurance?

Output: ADP Inc. is a worldwide company that offers payroll and resource management expertise to many companies.Presumably they offer healthcare to their employees . Many large and small businesses offer group health , dental and life benefits to their full-time and part-time employees . Depending on the company , they will pay a portion of the premium of those benefits .


Input: How Much Does A Doctor's Visit Cost Without Health Insurance?

Output: It just depends on what your doctor charges for the visit and any additional services provided because you would be responsible for paying 100 % of the cost of the visit out-of-pocket . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Can I Buy Auto Insurance In Another state?

Output: This is important because rates and coverages vary from State to State . Each State decides its own car insurance requirements individually . If you get pulled over by the police and you do not have the right State coverages policy for that State you could receive a big fine . You may not have to buy coverage for that State if Let 's say you take your car to a new state for 2 or 3 month for a job assignment you might be fine keeping your home States insurance coverage . In any case , you should always check if using an out-of-State policy , check with your insurer to make sure its allowed and that you have enough protection for where youre headed for that State . Some insurance companies say it 's okay if youre only going to be in the non home State for no more than 60 days , still check to make sure .


Input: Can A Sole Proprietor Deduct Disability Insurance?

Output: An excellent question and one to which the answer will vary upon the purpose of the disability insurance policy for which the sole proprietor purchased the coverage . Most people only think about disability insurance for purposes of replacing their personal income during a period of disability . However , for business owners there is often the additional need to protect themselves in regard to the fixed expenses of their business that will continue regardless of whether or not the sole proprietor can work and generate income . The rent/lease for office space , utilities and other such business expenses are examples . If the disability insurance policy is taken out specifically to reimburse a sole proprietor for overhead expenses incurred during a period of disability then the cost of the disability policy is considered an ordinary and necessary business expense and would qualify as a deductible business expense . To qualify the policy must state specifically that the policy proceeds are to be used to cover business expenses during the period of disability . This is separate and distinct from a disability insurance policy a sole proprietor might want to take out to replace their income . Deducting this type of disability policy as a business expense is not a good idea as I do n't believe it meets the IRS criteria and if you did deduct such a disability policy as a business expenses it is highly likely that in the event of a disability claim the policyholder would have to pay income taxes on their disability insurance payments and thus reduce the net income amount the sole proprietor would receive during their disability period .


Input: About How Much Is Whole Life Insurance?

Output: There are a few factors that go into how much life insurance costs . First is your age , as you get older life insurance gets more expensive . The reason for this is simple if unpleasant to think about , the older you get the more likely you are to die . Second you have the amount of insurance you would like paid out if you were to die . Depending on the company you can get a policy ranging from $ 5,000 - $ 1,000,000 + . It really depends on what your individual needs are . As with most things the higher the benefit the more it costs . You also have optional riders or add - ons that you can have on the policy . Some examples would be a accelerated benefit for terminal illness or a waiver of premium if you were to become disabled . The most important thing when looking for life insurance is to review your needs and purchase what is appropriate for your budget and goals . Make sure any agent or company you are looking to buy life insurance from takes into account your individual situation and customized a policy that is the best fit for you .


Input: About How Much Is Whole Life Insurance?

Output: The price of whole life insurance isdependenton gender , age and health condition of the insured . The premium is paid for the life of the insured or the maturity date of the policy . The vast majority of whole life is participating or generates an annual dividend . A dividend is areturnof unused premium and interest credited to the policy . If the policy owner elects to use the dividend to pay premiums along the way , the overall price for the coverage is reduced . If the economic exposure is perpetual , apermanentpolicy is necessary , but not necessarily participating whole life insurance . Guaranteed universal life may be a better economic alternative . Todetermine how much whole life costs versus guaranteed universal life insurance simply email me your gender , age , smoking status and general health to obtain a estimation on the price tag .


Input: How Much Is State Disability Insurance?

Output: The State Disability Insurance -LRB- SDI -RRB- withholding rate is 1 % of annual income , up to an annual income of $ 100,800 . Therefore the most that can be paid for SDI in 2013 is $ 1,008.80 for someone who is making over that amount . There is also a lid on benefits . The cost of SDI is considered a tax and , as such , is tax deductible .


Input: Does Starbucks Provide Health Insurance?

Output: Great question . The employer will dictate who qualifies for health coverage , normally it depends on work status such as part or full time , number of hours worked , etc. etc. sometimes there are wait limits . Keep in mind , you can apply for your own individual health plan and in the event that you change jobs , you wo n't have to worry about your health plan terminating .


Input: Why Do College Students Need Renters Insurance?

Output: The only people who need renters insurance are people with a liability exposure that they can not handle or own property they can not afford to replace . The exception would be if the landlord of the unit being rented required that the tenant have a renters policy as a condition for renting the unit .


Input: Which Life Insurance Company Is Best To Work For?

Output: Which life insurance company is the best to work for ? That depends , because it really depends what is important to you . Some are good places to start , but not to finish and others can make for great places to have a career . There are trade offs . What I recommend is that you `` interview '' people from different companies in your area and ask them about their company and about their competition . That will provide you with insight and help you make an informed decision .


Input: Which Life Insurance Company Is Best To Work For?

Output: What is the BEST life insurance company to work for is a really good question for a person looking to get into the business of life insurance . And Paul 's answer above here is an excellent answer ! I took it to be an opinion type question so I 'll give you my opinion as my answer . -LRB- In fact I really wanted to see how others answered this for my own curiosity ! -RRB- I have now worked for three different companies , but I really believe it depends more on the particular Agency you are associated with as to how much satisfaction and happiness you will derive . My set of values - which I believe most insurance agents share with regard to the business - makes me want to be sure that I 'm guiding my clients to the best possible product and company . What is best for the client will depend on the specific needs of the client . In my opinion the best product in the business of life insurance is Participating Whole Life , so I want to be working with the company that has the best value in participating whole life . As a new agent you will want to get the best training . Again I believe the Agency makes the most difference . Both the Guardian and NY Life have intensive training programs . Quite different from each other , but both good . MassMutual has the highest dividend interest of all the mutual companies and in my experience really lives by their motto , `` What 's Best for the Client '' . To that end they utilize a brokerage agency that allows their agents to shop some 50 other providers for products such as term policies that they do n't offer and to find the best deal for the client . They also have different contracts that an agent may choose from with which to associate themselves .


Input: What Type Of Retirement Plan Should I Use?

Output: Determining the right retirement plan requires a few critical components in your consideration . First , determine your effective tax bracket rate . Second , what your risk tolerance is for market investments . Third , how much will you contribute annually and how years do you expect do you expect to contribute . Lastly , perform a life expectancy test . Collecting this information can assist you in determining whether you should use a qualified or non-qualified plan as well as an individual plan versus an employer sponsored plan . And perhaps the most critical item : the savings or investment products youll use for your retirement plan .


Input: How Many Americans Have No Life Insurance?

Output: Too many dont have life insurance . That is why there are people on street corners begging for money to bury their loved ones . That is why women are working hard to put food on the table for their families . If you want to be like the great mooing herd then neglect your responsibilities and let your family bear the burden if you suddenly expire . This is easily prevented .


Input: How Many Americans Have No Life Insurance?

Output: According to statistics , 40 % of adult Americans do n't have any Life Inusrance and over 50 million peoplelack adequate Life Insurance protection . This is rather alarming information that can be devistating to a family especially if one or both of the wage earning spouses suddenly die prematurely . This would be a terific time to talk to your Insurance Professional and review your plans .


Input: How Long Does Medicare Pay For A Nursing Home?

Output: Medicare is designed to pay for health care expenses : doctors , hospitals , medical supplies , etc. . Nursing homes primarily provide support services such as room , board , and assistance with the activities of daily living : eating , bathing , dressing , transferring , toileting , and so on . Most health insurance programs including Medicare do not pay for long term care at nursing homes . Long term care insurance or Medicaid will provide coverage for nursing home stays .


Input: How Long Does Medicare Pay For A Nursing Home?

Output: Nursing home care is typically covered by a Long-Term Care insurance policy . Medicare can cover some nursing home expenses , but only under specific conditions . The facility providing the nursing home care to Medicare beneficiaries must be a Medicare certified skilled nursing home and you must have a qualifying hospital stay -LRB- at least a 3-day hospital stay -RRB- before going into the nursing care facility . Medigap plans can provide some coverage too if Medicare approves the claim for nursing home care -LRB- Medigap plans only provide benefits if Medicare does too -RRB- . You can also refer to Medicare.gov to see specifically what nursing home care expenses are covered . A Long-Term Care insurance policy is recommended because it can protect you from draining all your savings to pay for the expensive costs of nursing home care . According to longtermcare.gov , the average cost of care in a nursing home facility is approximately $ 6,235 per month in a semi-private room -LRB- that 's $ 74,820 per year -RRB- , $ 6,965 per month for a private room -LRB- that 's $ 83,580 per year -RRB- , and $ 3,293 per month for care in an assisted living facility -LRB- that 's $ 39,516 -RRB- . In short , the cost of care is more than what most people make in a year and they would drain their assets paying for the care . How many people could afford to write that size check ? So why take on the risk yourself when you can shift the risk to a third party -LRB- the insurance company -RRB- and let them take care of the expenses . Please let me know if I can be of further assistance . Thanks very much .


Input: Why Has Car Insurance Increased So Much?

Output: Car insurance rates have increased over the years because the value of vehicles has increased as well . Also , the cost to repair vehicles has been steadily increasing which does impact prices . And the cost of litigation has been steadily increasing which impacts all plans . Most likely , this trend will increase . However , as brokers , we are able to shop and find the best rates for consumers .


Input: What Are The Six Categories Covered By Homeowners Insurance?

Output: The six categories are shown on a typical homeowners policy as coverage limits A-F . Coverages A-D are related to property insurance and Coverages E-F are related to liability insurance . Coverage A -LRB- Dwelling -RRB- applies to the coverage for the home , including any attached structures -LRB- e.g. , a garage -RRB- and permanently installed property -LRB- e.g. , hardwood flooring -RRB- . Coverage B -LRB- Other structures -RRB- applies to any detached structures on your property , such as a utility shed or detached garage . This limit is typically 10 % of the Coverage A limit with most carriers , but can be increased if needed . Coverage C -LRB- Personal Property -RRB- applies to coverage for your personal belongings that are other than the property described in Coverages A and B above . This limit is typically set at 60-75 % of the Coverage A limit depending on the carrier , but can be increased if needed . Coverage D -LRB- Loss of Use -RRB- applies if your home ever becomes uninhabitable due to a covered loss -LRB- e.g. , a fire loss -RRB- . It is there to provide for the living expenses associated with having to find temporary housing -LRB- apartment , hotel , etc. -RRB- . This limit is typically set at 20 % of the Coverage A limit with most carriers . Coverage E -LRB- Personal Liability -RRB- provides liability coverage for all of the people permanently residing in the home . Liability insurance provides coverage if you are legally responsible for an act that injures someone or someone else 's property . Coverage F -LRB- Medical Payments -RRB- provides coverage for medical expenses that result from injuries to others that occur on your premises .


Input: Can Someone Drive My Car Without Insurance?

Output: If someone is going to drive your car on a regular basis you need to add them to your policy as a listed driver . Occasional use of a vehicle is okay even if the person does not have their own car insurance . Car insurance always follows the vehicle so even if the person had insurance when accident occurs the owners policy pays for the damage .


Input: Can Someone Drive My Car Without Insurance?

Output: Most of us keep our copies of our auto insurance policies in the glove box of the car , right ? So the proof of insurance is always with the car . The point is that the car insurance always follows the car . If you gave the person driving permission to drive , then any accident that occurs will be covered by the owners car insurance , even if the person does not own insurance of their own . If someone becomes a regular driver however , they should be added to the policy . In fact , if it 's an adult with a good driving record , it could in some cases make the premium go down .


Input: Why Is My Home Insurance Increasing?

Output: There are many reasons why a home insurance policy would increase . Homes are insured for replacement of dwelling or in other words , what does it cost to build . If cost of construction and materials increases then replacement cost will increase which means your dwelling amount , or the amount to insure increases , which of course causes an increase in premium . Other factors could be regional rate adjustment do to losses . Also age of your home could be a factor . Claims you may have made could be a factor . Did you un-package your auto policy from your home could be a factor . There are many factors which should be discussed with your agent to determine premium changes and what if anything can be done to adjust the rate .


Input: What Is Sliding In Life Insurance?

Output: Sliding in life insurance is an unethical practice in which agents try to sell you coverage that you do n't want or do n't need by including it in a package . In other words , they `` slide '' it in at an extra charge simply to make more commissions rather than for the benefit of their clients .


Input: Will Homeowners Insurance Cover Furnace Replacement?

Output: A homeowners policy is designed to compensate you in the event of damage from a listed peril . While the list is comprehensive , mechanical breakdown isnt on the list . Routine maintenance , wear and tear are not routinely covered . If the furnace were damaged in a fire or when lightning struck the building then the furnace would be covered .


Input: Will Homeowners Insurance Cover Furnace Replacement?

Output: If you have an equipment breakdown endorsement on your homeowners policy then it may less your deductible , but in most cases this would not be covered under your homeowners policy . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: How Much Will My Car Insurance Increase After A DUI?

Output: A big part of that answer depends on which company you were insured with beforehand , and how much shopping around you plan to do afterwards . Some companies go harder on DUI 's than other companies . Getting multiple quotes from high risk companies would be the best way to minimize the damage done . An independent agent who specializes in high risk auto insurance would be the ideal place to look .