Input: Can A 78 Year Old Get Life Insurance?

Output: Yes , there are quite a few No Exam Life Insurance policies that will issue up to $ 25,000 for a 78 year old person . They are often advertised as funeral policies , burial policies , or final expense policies . Most are Whole Life and have lenient health questions . If looking for a policy over that amount , there are many companies that offer medically underwritten policies to persons that age . The health requirements are fairly stringent , but some companies are much more friendly to seniors than others . Contact an agency that specializes in life insurance for seniors can help you get the best price .


Input: Can You Get Health Insurance Without A Physical?

Output: Under the affordable care act , beginning in 2014 , health plans are , in short , guaranteed issue -LRB- when you apply during the annual open enrollment period or if you apply under a qualifying special enrollment period -RRB- . You can not be denied coverage for any pre-existing conditions or other health-related issues and you do not have to take an exam to secure coverage . So to answer your question ... yes . You can get health insurance without taking a physical . If you 're applying for another type of coverage such as life insurance or disability insurance , you would have to take a medical exam . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Is Health Insurance Different From Other Types Of Insurance?

Output: Well , it is different in that itis designed to dealwith your health care issues and the financial risks posed by illnesses and injury . This is quite different than other types of risk in life that a person needs to address . Your house might get struck by lightning and catch fire . Obviously this is not a health issue like cancer . So , you need to have homeowners insurance to protect your property and its contents . Similarly , you might be involved in a car accident and , while physically unharmed , you are faced with the repair or replacement costs of your vehicle and the liability for harm you may have caused if you were at fault in the auto accident . You would have auto insurance for this risk as health insurance just wo n't pay to have your fender replaced . There are a variety of financial risks that life presents us with and there are a variety of insurance products that address these specific needs .


Input: How To Withdraw Cash Value From Life Insurance Policy?

Output: First be sure you have a cash value life insurance policy . For example a whole life , universal life , indexed universal life or variable life , but not a term life which has no cash value . Locate in your policy the illustrations page . Depending on the years of accumulation you will see the cash value of the policy . You may `` borrow '' against the cash value at a very low interest rate and keep your coverage in force . Or you may cancel your coverage and receive the full cash value amount which is income tax free in most cases . Simply , call the insurance company and ask for the proper form to be sent to you in order to execute the transaction . However , before doing the later , be sure to have alternative coverage in place unless you are fortunate enough not to have a need for life insurance in the future .


Input: How To Withdraw Cash Value From Life Insurance Policy?

Output: Generally , you can simply call the insurance company customer service line and they will help you . Make sure you understand how this withdrawal will affect the policy lapse provisions by asking for a current illustration for before and after a contemplated move . You should also speak with your agent to make sure you understand the risk , if any .


Input: What Certification Do I Need To Sell Life Insurance?

Output: The certification needed to sell life insurance in almost every state is that states life insurancelicense . All states do differ on core requirements . Almost all require either classroom time or online time on average 40 hours in order to produce a certificate to take the exam . There are other requirements depending on the state such as background checks and/or fingerprints . Fees differ greatly as well . Once you are licensed most states will require a continuing education program at least every two years to keep you up to date on changes in laws and procedures . Be sure and carry errors and omissions insurance as well to protect yourself . the best place to start is on your states website and look under Department of Insurance . The states requirements will be listed there .


Input: What Certification Do I Need To Sell Life Insurance?

Output: Great question ! To sell insurance , you will need a license from your state 's department of insurance , and product training . Are you looking at joining a particular company ? Many of them will help you in finding an exam study course to help you with the licensing exam , fingerprinting , etc. . It can be very pricy at the beginning to cover the fees for the steps involved in your licensing , so be prepared . Before you can sell some products , you will have to complete the company 's training courses . Each state that you would like to sell in will require a license also . If you would like more information , please contact me , I 'd be happy to help . Thanks for asking !


Input: How Long Can I Wait To File A Car Insurance Claim?

Output: Depends on what type of ` claim ' it is . Liability ? No Fault ? Comprehensive ? Collision ? A claim against your policy ? Presenting a claim against someone else 's policy ? Is this a bodily Injury or property damage liability claim ? and on and on . This is too general of a question for a short answer . In the auto insurance policy -LRB- a legal contract -RRB- there is a section -LRB- usually near the end of the declarations and forms -RRB- outlining the conditions for reporting or bringing a claim againt the policy . This section will give the guidelines . A recommendation - report all losses or potential claims to your carrier as soon as reasonably possible if not immediately . Regarding a vehicle collision , always contact law enforcement and get plate numbers , descriptions of vehicles , occupants , and names , addresses , and telephone numbers of any witnesses . Please re-submit another question withmore details for a more specific answer .


Input: How Long Can I Wait To File A Car Insurance Claim?

Output: Generally speaking , insurance companies will state in their policies that in the event of a loss , you should contact them immediately about the claim . And it is in your best interest to do so . If you have a car accident and report the claim promptly , you will have your car back and in good shape rather quickly and without any elevated risk of hassle . On the other hand if you wait until the rust starts to form , you will find that the initial damage will be covered , but not the extra costs to repair the damage caused by time .


Input: How Long Can I Wait To File A Car Insurance Claim?

Output: The best answer that I can provide : `` As soon as practicable . '' This is the best answer I can provide because each insurance contract details under the common policy conditions when a claim must be reported . Typically , most contracts require that you report it as soon as you possibly can -LRB- i.e. as soon as practicable -RRB- . Moreover , in addition to when you must report the claim you have too look at what other conditions must be met , like preservation of property , filing a police report and cooperating with the insurance company . I hope this helps .


Input: How Long Can I Wait To File A Car Insurance Claim?

Output: In order to prevent any delays in having your claim paid you should advise your carrier of the incident causing the claim as quickly as possible . Most carriers state that they want to receive notification of all claims within 14 days of the incident . Thismay vary from state to state as each state sets their own regulations for the insurance carriers in that state .


Input: What Is Straight Life Insurance?

Output: Straight Life insurance is non-participating Whole Life insurance that does not pay dividends . The premium is paid for the entire lifetime of the insured . Premiums are traditionally paid annually and premiums are level for life . Straight Life insurance has cash values and is sometimes used as another name for Whole Life .


Input: What Is Straight Life Insurance?

Output: The term straight life insurance is kind of a slang term with whole life insurance . The whole life insurance is set up near a minimum premium level calculation that takes the cash value from the whole life to pay premiums in later years to level your premiums for your lifetime . In other words , it is making a lifetime term life insurance policy out of a whole life insurance policy . The concept is to keep your premiums the same for your lifetime for the same face amount .


Input: Does Medicare Require A Referral To See A Specialist?

Output: When using Medicare Advantage Plans , whether or not you have to get a referral to see a specialist depends on the plan in which you are enrolled . HMO 's usually do require a referral ; PPO 's usually do not require one ; PFFS plans do not require a referral , and SNP 's usually do require one . Original Medicare does not require a referral to see a specialist . The specialist just needs to be Medicare qualified .


Input: What Blood Test Is Done For Life Insurance?

Output: In simple terms the life insurance underwriter is looking for signs of the main life style diseases such as cancer , heart disease , stroke , diabetes , drug use , both prescribed and Illegal which includes nicotine . The bottom line of the blood and urine tests are looking for life style habits that shorten a persons life .


Input: What Blood Test Is Done For Life Insurance?

Output: A Life Insurance Blood Test evaluates the risk you pose to the life insurance company based on your mortality , which is measured in part with a blood analysis.Here are the chemistry items being evaluated . Glucose , Fructosamine Glycated Albumin -LRB- AGP -RRB- , Blood Urea Nitrogen -LRB- BUN -RRB- , Alkaline Phosphatase , Total Bilirubin , SGOT -LRB- AST -RRB- , SGPT -LRB- ALT -RRB- , Gamma Glutamyl transferase -LRB- GGT -RRB- Total Protein -LRB- Albumin and Globulin . -RRB-


Input: Can I Change Car Insurance In The Middle Of A Claim?

Output: You can change auto insurance in the middle of a claim . It will not impact the outcome , although a long drawn out liability claim may be an exception . However , why not postpone changing for a few weeks -LRB- or a few months -RRB- until the claim is settled ? It may be a wise short-term and long-term decision .


Input: Can I Change Car Insurance In The Middle Of A Claim?

Output: That 's a great question ! You can , but unless you really need to , it might make more sense to wait until the claim is settled . As long as you are a client during the claim process , the company pushes things through for you in a timely fashion . It might make sense to wait . Thanks for asking !


Input: Can I Change Car Insurance In The Middle Of A Claim?

Output: I disagree with my colleague some this.The claims transaction should be handled on the merits of the claim , not whether you continue coverage or not . . Many states have Fair Claims Settlement statues that have to be complied with because they are the law . Many states require that you are able to receive prorated cancellation . In the event you owe more to the company then you owe additional premium . Or , they have been paid in advance and owe you a return premium for the unused portion of your premium . Many folks switch insurers because the service they expected has not happened as it should have . This is a very common event . After all the claim disposition of the claim is what you are paying your premiums for . Lastly , many Insurance departments take an inventory of the number of complaints that each insurer has during some period usually the calendar year . Go to your insurance departments website and you should be able to discern whose reputation is great and those who are not .


Input: Can I Change Car Insurance In The Middle Of A Claim?

Output: You can change car insurance carriers at any time , regardless of whether or not you happen to have a claim in process . The insurance carrier that you have at the time of the covered claim will be the carrier who settles that claim with you . Now , as in most cases , just because one can do something , it does n't mean that it 's a good idea to do so .


Input: Can I Change Car Insurance In The Middle Of A Claim?

Output: You can always change insurance companies , there 's nothing to stop you . However , you may want to stick with what you have during a claim . Legally , an insurance company has to settle claims according to their policy whether you 're still insured with them or not . In practice , these are human beings working on your claim and they may not always give you consideration if you 've cancelled your coverage with them . Let 's look at an example . Let 's say you 've gotten into an accident and you 're car is in the body shop . You want OEM parts installed on your car , but the insurance company wants to use aftermarket parts because they cost less . They have more of an incentive to honor your request if you 're still insured with them because they see an opportunity to offset your claim with future premiums . Another factor to consider is the company you want to go to . They may not want to insure a car that has unrepaired damage . It 's totally up to the company . Now , in my experience , you would only ask the question if you do n't like how your claim is being handled . If you were totally satisfied , you would n't think about switching . My advice is to stay with your current company and negotiate with their claims department to get your claim settled to your satisfaction . Check your policy , all companies have an appeals process if you do n't agree with how your claim is being settled . Take advantage of it . You may get some consideration and a better settlement . If you 're still unsatisfied , you can always consider the courts , but this is a risky proposition unless you 're sure you 're in the right . After your claim is settled , you can explore new companies . A good agent will help you with claims if you 're not satisfied . They can not always ensure you 'll get what you want , but a good one will go to bat for you . In my opinion , finding the right advisor is the most important decision you make . In the long run , you 'll come out ahead even if they 're more expensive now . The cost of your coverage is n't just the premium , it 's what it costs you in time , money , and aggravation at claim time .


Input: Does Life Insurance Count In Estate?

Output: First of all , I need to stress that you should talk to an estate planning attorney about this topic . We life insurance guys know our way around the block here , but frankly , you should talk to an expert . Same as anything else where you need the best advice possible . Make sure it is an attorney who does specialize in estate planning . Real estate attorneys have their own area of expertise , as do commercial attorneys . Talk to somebody who knows the ins and outs of estate taxation . But , I can talk in generalities . If you own your life insurance , it would be included in your estate . If your spouse owns it , it would be included in his or her estate . Does any of this matter ? It does if you want to avoid or minimize estate taxation when your estate is settled . This means keeping both the state and federal tax people out of the picture to the greatest extent possible . How can you do this ? Well , since the ownership of assets is the key trigger in determining into whose estate money falls , then you can be creative with the ownership designation of your policy . It could be a trust . It could be another relative , such as an adult child . It could be your business . How do you make this decision ? This is where you talk with your estate planning legal expert and explore the ramifications of each choice . Taxation is not your only concern . There are issues related to control of assets as well . With the right guidance , you can put together a plan that gets the job done .


Input: Does Life Insurance Count In Estate?

Output: If life insurance runs through the estate it will be treated as part of the estate . You can avoid this by having a named living beneficiary on the policy . Then it will bypass the estate entirely . It is usually not advisable to have the estate listed as a beneficiary . That would defeat one of the main advantages of life insurance .


Input: Does Life Insurance Count In Estate?

Output: Policy ownership is what determines whether the policy is included in a person 's estate for estate tax purposes . Having someone else own the policy will keep it out of the estate , but you also lose some control . The owner , not the insured , has control over the policy , so having someone else own the policy can be risky . Irrevocable Life Insurance Trusts could be used in large estates , but is overkill for most people . Keeping the life insurance out of your estate for tax reasons may not be a big issue but it depends on the total size of your estate and what trade-offs you are willing to accept to keep the insurance out of your estate .


Input: What Is Medicare Plus Blue PPO?

Output: Medicare Plus Blue PPO is a Medicare Supplemental Plan insurance provider in Michigan . It is an arm of the Blue Cross Blue Shield Blue Care Network of Michigan . To find out more about the health insurance offered by Medicare Plus Blue PPO visit their website at WEBSITELINK .


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

Output: The younger and healthier you are the lower the rates . If your parent does not provide you with a good starter policy , then as soon as you can afford insurance the better . Depending on your need and financial situation , you can start with term insurance or go with a combination of term and whole life . A good independent agent can help you find the plan right for you .


Input: How Much Should I Get For Renters Insurance?

Output: That 's an interesting question - do you mean how much coverage do you need to purchase to ensure the value of your belongings are covered adequately , or how much should the policy have paid out to you after your claim was processed ? In the case of coverage , you would need to have an idea of how much value there is to be insured . For example , do you have a lot of electronics , or jewelry ? If so , you would need more coverage than someone who has very few of those things . If you meant how much should you have received , that depends on a lot of things specific to your policy and claim . If you would like more information , I 'd be happy to help , just contact me . Thanks for asking !


Input: Where Do You Buy Disability Insurance?

Output: Any good experienced insurance agent knowledgeable in disability insurance should be able to help you apply . Find a good independent agent in your area who represents multiple companies . The agent will help you find a company that will fit your individual circumstances . The best way to find an agent would be to search the internet for a local disability income insurance agent or check your local Yellow Pages .


Input: Will My Auto Insurance Go Up If I Move?

Output: Your question is too broad to answer specifically . Of course , moving out of state can sometimes have a big impact on your rates , either for better or worse . But here are some generalities : people who live in large cities tend to pay more than those who live in small towns . cities with higher accident rates pay more than those with lower accident rates . cities that have higher crime rates pay more than cities with lower crime rates -LRB- especially if comprehensive coverage is carried -RRB- .


Input: Does Homeowners Insurance Pay For Mold?

Output: Mold is often specifically excluded in homeowners policies . Some companies place a monetary limit on the damages from mold . The underlying concept is that mold is present in every building but that moisture is required to activate the spores . Seeping water is also excluded as this is considered a maintenance issue . Mold is not sudden . If you suspect mold you need to contact an industrial hygienist to determine if mold is actually present and then have it removed . In the process the remediation contractor will likely discover the source of the moisture . As a preventative step replace washer hoses and the lines to the water dispenser in your refrigerator every few years . These are notorious sources of seeping water .


Input: What Does Gap Auto Insurance Cover?

Output: On an auto insurance policy gap coverage covers the gap between the cars ACV or Actual Cash Value vs. the loan value of a vehicle . This is a coverage that is purchased when a car is less then a year old and is available on most auto insurance polices for 2 to 3 years and then falls off . An example would be you purchase a brand new car for $ 20,000 and you take out a loan for $ 18,000 . Within a year you total the car . The market value or actual cash value of the car at the time of the accident is $ 16,500 due to quick depreciation . However due to the size of loan and interest rates keeping your principle up you may own $ 17,500 at the time of the accident . This makes a $ 1,000 gap the insurance company is not obligated to pay . Gap insurance would fill this gap so your loan is completely paid off and your not backwards . I recommend you have this discussion with your local agent when purchasing a new vehicle .


Input: Can You Contest The Beneficiary Of Life Insurance?

Output: Not very easily . Life insurance beneficiaries are binding , and it normally takes a court action to undo the designated beneficiary . In fact , it is harder to contest the beneficiary of a life insurance policy than it is to contest a will . If you are in that situation , get a good attorney , gather all your facts and supporting data , and be prepared to put some money and effort into the challenge .


Input: Can You Contest The Beneficiary Of Life Insurance?

Output: Yes the beneficiary can be contested with a very good lawyer . This is a very tough up hill battle . You almost have to prove some type of fraud or the beneficiary was changed after the policyholder was mentally incapacitated . Because life insurance proceeds are paid directly to the beneficiary they do not move through probate and there is no judge to oversee it . My suggestion would be to find out the beneficiary prior to death if possible . It is much easier for the policyholder to make that change than a judge .


Input: Can You Contest The Beneficiary Of Life Insurance?

Output: Of course you can Contest the Beneficiary of Life Insurance . The question will be Do you have a chance at winning ? Life Insurance is all about insurable interest and the beneficiary is generally a person or entity which stands to loose financially from the death of the insured . So , if you have an interest with the insured , stand to loose something then you may have a chance to win . It will depend on the situation and the court of law will make that determination .


Input: Can You Contest The Beneficiary Of Life Insurance?

Output: It is extremely difficult to contest a life insurance beneficiary . A life insurance policy is not subject to probate . That means that there isnt a court supervising the distribution of proceeds . However , a probate court could be petitioned , If the owner of the policy was mentally incapacitated when the beneficiary was designated . Some courts might hear a petition based upon remarriage , adoption or other major life changing events not being recognized by the owner .


Input: Does Life Insurance Need To Be Probated?

Output: Does life insurance need to be probated ? No life insurance does not have to go through probate if a stated beneficiary is named within the policy . Life insurance bypasses probate in most situations . A person can name their estate as beneficiary if they so choose putting the money inside the estate to be broken up and divided according to the will . OR they can simply have named beneficiaries to which the insurance company distributes funds .


Input: Can Life Insurance Go Into A Trust?

Output: Yes , life insurance can be owned by a trust , and/or the beneficiary can be a trust . Some people use Irrevocable Life Insurance Trusts to prevent the life insurance proceeds from being counted as part of the value of their estate , upon death . Other times , trusts are simply used for practical purposes of distributing the death benefit according to the owner 's wishes .


Input: Who Offers The Best Disability Insurance?

Output: There are several disability insurance companies worthy of your consideration : Ameritas , Assurity , Fidelity Security , Illinois Mutual , Lloyds of London , Mass Mutual , MetLife , Mutual of Omaha , Principle and The Standard . Everyones personal needs will dictate which company to use , but the overall selection is The Standard with the Principle a close second .


Input: What Does EPO Stand For In Health Insurance?

Output: EPO stands for Exclusive Provider Organization . While this may sounds much like a PPO , or Preferred Provider Organization , an EPO actually works much more like an HMO in that you have access to a smaller network of doctors , and usually have no coverage whatsoever when seeking treatment outside of network , unless you are in a true life threatening emergency .


Input: What Is Eclipse Medicare?

Output: Eclipse Medicare is an extension to Medicare Australia 's online claiming solutions . The acronym stands for Electronic Claim Lodgment and Information Processing Service Environment . Eclipse provides a secure link between medical practices , hospitals , health funds , Medicare and the Department of Veterans Affairs . It allows in patient medical claims to be submitted and processed simultaneously with Medicare and private health funds , which in turn causes claims to be paid faster .


Input: Will Doctors Refuse Medicare?

Output: Doctors CAN refuse to bill through Medicare , but will work on a cash payment . Some doctors do notlike the `` payment schedule '' of Medicare services , some see the value of serving a growing population and will bill through Medicare . We , here in CA , are finding that there are a lot of doctors not willing to bill Medicare or Medicare plans . But if you have a Medicare Supplement plan , more of the doctors will accept billing for this - not sure why , because they have to send out two bills - one to Medicare and one to the plan . Always call your preferred doctor 's billing department to ask what they acceptbefore deciding on which kind of Medicare plan you will enroll in .


Input: Will Doctors Refuse Medicare?

Output: As a general rule , all doctors accept Medicare payment under the assignment process . Some refuse assignment and ask you to pay at time of service . Most doctors limit the number of Medicare patients they will treat . If you have Medicare Advantage the situation is different . In some areas less than half the doctors participate in Medicare Advantage networks .


Input: Will Doctors Refuse Medicare?

Output: There are actually three Medicare contractual options for physicians . Physicians may sign a participating -LRB- PAR -RRB- agreement and accept Medicare 's allowed charge as payment in full for all of their Medicare patients . They may elect to be a non-PAR physician , which permits them to make assignment decisions on a case-by-case basis and to bill patients for more than the Medicare allowance for unassigned claims . Or , they may become a private contracting physician , agreeing to bill patients directly and forego any payments from Medicare to their patients or themselves.Physicians who wish to change their status from PAR to non-PAR or vice versa may do so annually . Once made , the decision is generally binding until the next annual contracting cycle except where the physician 's practice situation has changed significantly , such as relocation to a different geographic area or a different group practice . To become a private contractor , physicians must give 30 days notice before the first day of the quarter the contract takes effect .


Input: Does Insurance Cover A Dropped Floor Or Foundation?

Output: This is an interesting scenario and not all that easy to answer . Coverage will depend on what actually caused the drop in the floor . Earth movement is not always covered under a standard HO-3 form . If you have an `` all risk '' policy , as opposed to a `` named peril '' policy try and check the exclusions that exists under the policy . Generally speaking an `` all risk '' policy will cover everything that is not excluded . Hopefully earth movement is not excluded and could provide some coverage . Without having your policy in hand it is tough to determine if coverage will be provided . My suggestion is to put a claim in with the company and have an adjuster come take a look at the damage . Keep in mind that coverage is triggered from a `` sudden , unforeseen occurrence '' I usually give an example of something making a large `` bang '' - like a car accident . If , over time , the earth slowly was moved and caused the pipe to be damaged it may be more difficult to make a case for coverage . I hope this helps in making a decision .


Input: Does Insurance Cover A Dropped Floor Or Foundation?

Output: The section of the policy that will likely answer the question the best will be found in the `` Exclusions '' . In the ISO Homeowner Form 3 -LRB- HO3 -RRB- policy , emulated by most insurers if not used directly , and the most common form of homeowner insurance issued in the USA , is the form I take this information from . It says : Collapse , Settling , subsidence , earth movement -LRB- unless endorsed otherwise -RRB- , landslide , mudslide , mudflow , sinkhole , or any other impact of the earth sinking , rising or shifting that impact the foundation structure , walls , footings or floor are specifically excluded . An exception is made for the impact of losses caused by fire but only to the extent caused by the fire . In other words , if a fire ensues and the building eventually collapses , it is covered to the extent the damage was caused due to the damage of fire . There are certainly regional exceptions . In Ohio , due to past mining activity , subsidence has to be offered in various counties -LRB- but does not need to be purchased -RRB- . Florida has a problem with sinkholes and may have state mandated coverage changes . California has issues with earthquake and almost certainly requires at least the offer of earthquake insurance . Check with your local insurance representative for the advice that fits your particular locality .


Input: When Can You Get Medicare B?

Output: You can get Part B when you qualify for Medicare at age 65 or are on Social Security Disability for two years . If you opt out of Part B when you first qualified due to being covered under a group plan , then you can enroll in Part B when your group benefits terminate . If you did not sign up during your initial enrollment period or special enrollment period , then you may sign up during the General Enrollment Period Jan 1st through March 31 each year .


Input: When Can You Get Medicare B?

Output: Once you qualify for Medicare you can select the coverages you want and implement them during any open enrollment period . At age 65 you qualify for Medicare and the recommendation is to sign up 6 months prior to your 65th birthday . You may then enroll for your benefits at the time of your 65th birthday and up to 6 months after -LRB- I think -RRB- . Thereafter there is an open enrollment period once a year .


Input: Is A 1099-R Generated For An Ownership Change On A Nonqualified Deferred Annuity?

Output: A 1099 is not generated on a non-qualified annuity until such time as the funds are withdrawn . The 1099 will then just represent the gain on the annuity and not the principal amount . There could be consequences of the transfer depending on the amount of the transfer as it could have gift tax consequences .


Input: Will My Health Insurance Premiums Go Up?

Output: Will your health insurance premiums go up ? I have been a health insurance broker for 33 years and I 'll give you a short but accurate answer . Your rates will probably go up each year , although there are many variables that impact the cost . Your income , the type of plan you have , the claims history of the specific carrier , and whether you kept the same plan are just a few of the most relevant factors .


Input: Will My Health Insurance Premiums Go Up?

Output: Yes , what people pay for their health insurance increases as they get older . The reason for this is that as you get older , the average person typically needs/uses more health care resources . For example , when you 're young and healthy , most people only go see the doctor when they have an injury . When you 're in your 50 's and 60 's , the body changes and needs more maintenance and observation . Older persons generally go to the doctor on a routine basis every year . Carriers also change their rates periodically because they have to have the funds available to pay claims . If they have an increase in claims one year , they will likely have a premium increase on their policies the next . I always recommend people consult with an experienced broker - we have an in-depth knowledge of a wide range of products available in the marketplace and can help you find the health plan that 's going to be most suitable to your needs and your budget . Please let me know if I can be of assistance . Thanks very much .


Input: What Company Has The Cheapest Life Insurance In California?

Output: The company that has the cheapest life insurance in California depends on the age and health of the applicant , and the type of life insurance policy . The cheapest price of term life insurance for someone who is young and very health will be from a company different from the company offering the cheapest price for a senior person looking for a whole life final expense policy . To find the cheapest life insurance policy for you , go to a website that offers instant life insurance quotes in California and input your date of birth , height , weight and health information . That will show you the lowest price policy for your particular age and health .


Input: Who Can Apply For USAA Auto Insurance?

Output: The following people are eligible to apply for USAA Auto insurance : Active , retired and honorably separated officers and enlisted personnel of the U.S. military . Officer candidates in commissioning programs -LRB- Academy , ROTC , OCS/OTS -RRB- . Adult children whose eligible parents have or had a USAA auto or property insurance product . Widows and widowers of USAA members who have or had a USAA auto or property insurance policy . If you or your spouse served in the military , you will need to provide the following information for that person : Date of birth Social Security number USAA number Military enlistment , commissioning , retirement or separation date


Input: How Good Is Long Term Care Insurance?

Output: How `` good '' long term care insurance is depends on a few things . Obviously if you never need to use it , it was n't any good for the purpose it was purchased . If you do need to use it at some point then it 's golden ! A big factor is how much insurance you buy and what will the cost of care be when it 's actually needed . If you buy LTC as a rider on a life policy the money paid into it may be added to the face benefit value if the LTC is not used . In that case you ca n't loose .


Input: How Good Is Long Term Care Insurance?

Output: The # 1 risk in retirement is human longevity . The longer we live , the increased risk of running out of money , especially as we grow older with assisted living care and/or nursing home confinement . Long term care insurance can mitigate those eventualities by paying premiums to protect the economic erosion of elder care .


Input: Is There An Auto Insurance That Does Not Check Credit?

Output: If there is a carrier that does not credit check it is more than likely priced higher than a carrier that does credit check . Credit score is only one factor amongst many that are used to calculate the rate that an insured will be charged for the automobile insurance that they are seeking .


Input: Is There An Auto Insurance That Does Not Check Credit?

Output: The requirement for a credit score is a state specific requirement . In California , there isnt a requirement for a credit score so companies never check your credit . Ask your insurance agent for guidance in this regard . I am not clear on why other states require a credit score . I suppose that there is actuarial data to confirm the linkage between credit score and likelihood that a specific driver will have an accident .


Input: Does Health Insurance Cover Massage Therapy?

Output: Health insurance covers many types of therapies . Ans with the passage of The Affordable Care Act , many more types of benefits will be mandated in 2014 . A lot of the new benefits are therapy-related , so to accurately determine the scope of your coverage , and whether your plan was `` grandfathered , '' you should contact your personal broker . He/she will be able to provide an accurate answer .


Input: What Is A Dividend From A Life Insurance Policy?

Output: A dividend from a life insurance policy is a return made to you when the insurance company makes a profit . Dividends are only given by mutual companies in participating life insurance policies . They can be taken in cash or they can be applied to the policy to purchase additional paid up life insurance , repay policy loans , or reduce the premium on your policy .


Input: What Is A Dividend From A Life Insurance Policy?

Output: When you see a dividend payment on your life insurance policy it means your life insurance company is a mutual company . This means as a policyholder you are considered an `` owner '' of the insurance company , kind of like a stockholder in a company . The dividends are profits repaid to the policyholders in a form of reducing your premiums when the company makes excess profits for the year . Depending on the type of policy you have , dividends can have options to be paid in cash , reduce loans or increase policy cash value . Common mutual life insurance companies include New York Life and Northwestern Mutual .


Input: Why Does Life Insurance Cost So Much In Iowa?

Output: Life insurance prices are dependent on the type of insurance product , the age , and health of the insured on the contract . Life insurance contracts sold in the state of Iowa are not more expensive than life insurance contracts sold in any state . If you are finding that life insurance premiums seem too high , you may be looking at the wrong thing . You should seek out another source for insurance quotes and compare .


Input: Why Does Life Insurance Cost So Much In Iowa?

Output: If you have been shopping for life insurance in Iowa and found the prices to be steeper than you expected , it may be because of the following : 1 -RRB- you are over age 40 , 2 -RRB- you are looking for permanent or a long term policy , 3 -RRB- you have a health condition , or 4 -RRB- you use tobacco . The rates that people hear advertised are usually for a younger person with excellent health and with the rate locked in for only 10 years . In 10 years , that person may be in the same situation you are . So you might just want to lock your premium in for as long as you can , because it will probably never be lower than it is today . That is true not just in Iowa , but all over the United States . If the need arises , it will have seemed like a bargain .


Input: How Long Can You Keep A Child On Your Health Insurance?

Output: One of the first changes to come from the passage of the Affordable Care Act -LRB- ObamaCare -RRB- when it was passed in March of 2010 was to extend the period of time that a child could be covered as a dependent under their parent 's major medical insurance . Children can be covered under their parent 's health plan up to age 26 . The child does not have to be dependent uponthe parent and it does not matter if the child is employed and has coverage available through their job or if they are married and could be covered under their spouse 's health insurance .


Input: Who Is The Best Car Insurance?

Output: If you have an active auto policy you have great insurance . Regardless of the cost , the protection your current policy will afford in the event of a collision will probably exceed all the premiums you have paid . The very best auto insurance is the policy that has sufficient limits to cover you completely in the event of a horrendous loss . At the time of claim you will discover that price isnt the issue , it is limits and having correct coverage .


Input: How To Appeal Medicare Denial?

Output: That is an excellent question , and one that I hope does n't apply to you , or any of your loved ones . The best thing to do is find an advocate , or Lawyer to help fight the denial . There are many of them to choose from , as many Medicare claims are denied at first . Look for one that is recommended in your area , and let them fight for you . Good luck , and thanks for asking !


Input: Will Home Insurance Replace Roof?

Output: Assuming you have a standard HO3 policy form the easy answer is yes -- roofs are a covered structure . However you also have to look at why the roof is damaged . If it is general wear/tear or age then that is generally excluded . If it is from a covered peril -LRB- fire , lightening , hail , etc. -RRB- then it is safe to say it should be covered . As always you should always consult your agent that can review your policy . - Jared


Input: Will Home Insurance Replace Roof?

Output: The roof is an integral part of the residence . It is fully covered for the perils listed in the policy . The basis for settling the claim , however , might differ from other parts of the residence . Many insurers adjust a roof claim on the basis of its actual cash value . The roof deteriorates much more quickly than the rest of the building so when the claim is often adjusted it is based on the condition of the roof at the time of the claim , not the cost to replace it .


Input: What Is Imputed Income For Life Insurance?

Output: Imputed means being assessed to have a certain cash value . When you receive employer-sponsored group life insurance over $ 50,000 the IRS considers that `` imputed income '' and taxes you for it . Even though you do n't receive cash , you are taxed as if you received cash in an amount equal to the value of this coverage .


Input: What Is The Cost Of Disability Insurance For Individuals?

Output: Great question ! Disability Income -LRB- DI -RRB- insurance is pretty complex . With life insurance your rates are factored on mortality risk , but with DI your rates will be factored on MORBIDITY , not death . So , the applicant 's level of income they want to protect , their health , and often most importantly , their job classification will be among the most important determining factors . Good luck !


Input: What Is The Cost Of Disability Insurance For Individuals?

Output: Disability Insurance has many versions . There is both long term and short term . Long term is greater than 12-24 months and short term fills the 1 - 2 year niche . There are also several factors that go into pricing . Age , health condition , waiting period , length of payment , coverage dollar amount and job description . In order to obtain a firm price or even a quote , you should consult an agent to walk you through the various options . With that being said , short term disability can range from $ 7 per week with an AFLAC type group policy to almost one months earnings for a full blown disability product .


Input: What Is The Cost Of Disability Insurance For Individuals?

Output: There are just too many factors to be able to quote a disability policy without a lot of extra information . We would need to know long term or short term to start . From there you would choose elimination periods , benefit periods and monthly income . Once all of these options are set we would need the standard underwriting questions answered such as age , height , weight , occupation , income , net worth , residence , health history , life style , just to name a few . Unfortunately , there are a lot of moving parts that go into disability insurance coverage and most need to be known up front in order to give an accurate price . I suggest using a known trusted independent broker to professionally shop the market for the best coverage at the best rate for your unique situation .


Input: What Is The Cost Of Disability Insurance For Individuals?

Output: There is a rule of thumb that men should spend approx 1-3 % of their income on Disability Insurance . The percent is slightly higher for women because women , on average , use disability insurance benefits more often . However , if you are middle aged or older , or have a health condition or high risk job , your rates could be considerably higher .


Input: Does Car Insurance Cover The Car Or The Driver?

Output: Both . When you purchase auto insurance it is typically based on the insured and the vehicle listed as operated by the insured . This means that for the most part you drive the vehicle that you purchased insurance on almost exclusively . If you drive another vehicle and are involved in an accident your liability coverage from your auto policy will pay for damages first less your deductible over the insurance coverage that another person may have on the vehicle . If someone else is driving your vehicle and does not have other coverage then your insurance coverage would more than likely pay for the claims that the person driving your vehicle was deemed responsible for . Remember every policy is different . 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: Can My Mother Put My Car On Her Insurance?

Output: Most insurance companies will not allow this since there is no insurable interest . If you are not living in the household and have a car in your own name then the answer is pretty much no . If you reside in the household there is a slight possibility depending on the insurance carrier . Most will say no but I have seen it done . When talking with an agent you really want to make sure if this is allowed you have it in writing so there is not a claim problem should one occur .


Input: How Annuity Withdrawals Are Taxed?

Output: Annuity withdrawals from a non-registered immediate or payout annuity consist of an interest portion and a return of capital portion . In Canada , you are not taxed on the return of capital portion , but you are taxed on the interest portion . Think of annuities as the opposite of a mortgage . In a 25 year mortgage , early payments consist of mostly interest with little going towards the principle . With an annuity , the early payments you receive are mostly taxable interest and a little of your own principle . For those individuals who can qualify , a prescribed annuity equalizes the interest income . For example , with a 25 year annuity the total interest earned is divided by 25 and spread out equally over the term of the contact . Increased after tax income in the early years is the result . There are specific rules governing prescribed annuities , If you are interested in more information , please contact me . Income from a payout annuity may qualify for income splitting for income tax purposes . This allows you to transfer up to 50 % of the taxable income earned from the payout annuity . Missing out on the federal pension income income tax credit ? Income from a payout annuity may qualify for the $ 2,000 non-refundable tax credit . Note : Interest earned on a Guaranteed Investment Annuity -LRB- GIA -RRB- also may qualify . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What To Look For When Buying Renters Insurance?

Output: You should first look for a competent agent . Get referrals from reliable friends . Friends who have experienced a loss are frequently the most informed . Setting coverage limits is critical as this will determine how the company protects you in the event of a loss . Make sure that the agent provides accurate information to the company and to you . Make sure that you are comfortable with the agent and his or her office staff .


Input: How Much To Pay For Life Insurance?

Output: You really should n't start out by deciding how much to pay . You should start out by deciding what kind and how much . You may find that you need some term and some whole-life . Once you determine that find out what the price is for what you need . If it 's too much , buy the term only but make certain that it 's convertible to whole-life later .


Input: How Is Life Insurance Paid Out?

Output: Life Insurance is paid out to the beneficiary when the Insured person dies . It can be paid out in a lump sum , or it can be paid out in regular payments . If taken out in payments , the beneficiary is paid interest on the part of the death benefit that is kept by the life insurance company , until it is all paid out . The life insurance company will often work with the beneficiary in even more ways to ensure that the death benefit is paid out in manner that is most beneficial to them .


Input: How Is Life Insurance Paid Out?

Output: Life insurance death benefit claims are paid directly to the beneficiaries of a life policy , generally tax free . The payout arrangement is usually a lump sum check . Most beneficiaries pay down their debts and/or make contributions to college funds for their children and grandchildren . Some proceeds go to the beneficiary 's non-profit charities .


Input: How Is Life Insurance Paid Out?

Output: Life Insurance can be paid out in a number of ways . You can receive the money in a lump sum or you can take the money in equal installments over a period of time . I usually recommend taking the money in a lump sum and , if not needed right away , investing the money in a safe vehicle , such as an indexed annuity . It all depends on the circumstances . A good agent will help you sort through your options .


Input: Can I Deduct Disability Insurance Premiums On My Taxes?

Output: Not unless the tax laws change . The only tax deductibility I am aware of is if you are a business owner purchasing disability for your employees . If you are an individual and you purchased your own disability insurance policy , those premiums are not tax deductible . You really do n't want them to be deductible because there is an upside . If you pay your own premiums and they are not deducted , if you become disabled and draw benefits , those benefits are not taxable because you paid the premiums . Always consult with a professional tax advisor because IRS rules change .


Input: How Much Is AARP Medicare Supplement?

Output: In Georgia , Medicare supplement plans from AARP are generally lower than Blue Cross but higher than Mutual of Omaha and several other carriers . This is especially true if you purchase your AARP Medigap plan at age 66 or later . When given a choice in plan F vs plan G , most consumers will buy plan G , but they wo n't buy it from AARP . AARP does not offer plan G .


Input: Why Did Car Insurance On My Mariner Go Up In Omaha?

Output: Great question ! Unfortunately , that is a tough question to answer without a little more information from you . There are many reasons why your rates may increase within the state mandated rate limits . Some things that can raise your rates are a result of how you drive . A claim filed for an ` at fault ' accident can raise your rate , as can a poor driving record , or speeding tickets , in some cases . -LRB- You are a bigger risk for a payout , so you pay more , just as someone who smokes pays more for life insurance - smoking has been proven to increase your health risks , and bad driving habits increase your risk for an accident . -RRB- Some things are not in your control - rates can increase if the vehicle theft rate in your area increases , if the company has had to pay out significant claims , and their profits are down , or you move into a different age category in some cases . Some companies will even look at your creditworthiness as a basis for your rates . The purpose of insurance is n't to provide you with a steady rate as much as it is to help you in the event that you are in a position where the cost to repair or replace a car is more than you can afford . That said , there are some companies that will offer `` first accident forgiveness '' types of policies , and are a bit more lenient in their rate changes . I 'd tell you that if you are unhappy with your current rate to shop around and see if there is a better company or rate that fits your budget . If you have further questions , please contact me , I 'd be happy to help . Sorry for the unpleasant answer , but I appreciate you asking !


Input: Does Every Driver In The Household Have To Be Listed On Our Auto Policy?

Output: That is a great question . The short answer is they do if they want to drive one of your cars . Your family coverage will only require that the drivers are named as drivers in your household . There are always very unpleasant consequences when uninsured drivers are caught , so whatever the added expense is , I 'd bet it 's less than the price you 'd pay otherwise ... Add them , and do n't take the chance . Thank you for asking !


Input: Does Every Driver In The Household Have To Be Listed On Our Auto Policy?

Output: All drivers on your car insurance policy have to be listed ... although not necessarily rated . For example , all family members that are licensed , and live in the household , typically must be rated . That is , they are assigned to a specific vehicle as a principle or occasional driver . Of course , they can usually drive any insured vehicle in the household . `` Family '' car policies are quite prevalent , and offer very flexible coverage . Occasionally , a driver that is a full-time household member has their own car and their own insurance policy . In these situations , although they may be listed on the family policy , that person and their vehicle are not charged . However , if the insurance lapses on that vehicle , then it is possible that they will subsequently have to be rated on the main family policy . Important : This answer was provided by Edward Harris , one of the leading US authorities on auto insurance rates , and the owner of Carinsurancezoom.org , the premier trusted website for obtaining the lowest auto insurance prices in all states .


Input: Does Every Driver In The Household Have To Be Listed On Our Auto Policy?

Output: The type of auto policy most consumers have is a family auto policy . Thanks to sophisticated data collection , insurers have a pretty good idea of the drivers who list the address of a vehicle as their own address . When the application is being prepared the information on the known drivers in the household appear and the named insured must identify any additional drivers in the household . The drivers names then appear on the insurance policy . If the primary insured fails to identify a driver living in the household and there is a subsequent accident of an insured car when it is driver by this undisclosed driver , it creates enormous problems and could bring up legal issues .


Input: Does Every Driver In The Household Have To Be Listed On Our Auto Policy?

Output: Every driver must be shown on the policy as a driver if they have a license or permit . Some states like Missouir will allow you to exclude the driver from your policy if you dont want to pay the premium for that driver . Just remember that if the exluded driver has no coervage on any of your covered automobies . in kansas we cannpot exclude a driver from your policy so we must either rate them as a driver or the insured will need to find another carrier to provide coverage for them . We would still need to rate the driver even if he or she gets insurance with another carrier .


Input: Which Health Insurance Covers Orthodontics?

Output: None , would be the answer in almost any circumstance where orthodontic treatment is recommend . This is an area of confusion for many consumers but standardly orthodontia is viewed as a dental and not a medical procedure . Therefore , orthodontia might be covered under a dental insurance plan -LRB- if it has the orthodontia coverage benefit level -RRB- but not under an individual or group major medical policy . The only circumstances where a health insurance plan might conceivably cover orthodontic procedures would be in the relatively rare situations when the criteria for medical necessity would be met . Some examples might be in cases of facial deformities , speech impediments and severe jaw pain . Even then it is likely to be no small task to get approval from a health insurance company and you and your doctor -LRB- s -RRB- will have to be prepared to make a very strong case that this is the only viable way to deal with a medical -LRB- not dental -RRB- issue .


Input: What Factors Affect Car Insurance?

Output: There are many factors that affect your rates for auto insurance . Some of those factors are ages of the drivers , geographic location , vehicles to be covered , motor vehicle records of the people to be insured , the types of coverage requested , the credit histories of the people to be insured , and many other factors .


Input: What Tests Are Run For Life Insurance?

Output: Generally , expect no medical tests for under $ 100,000 coverage in most cases . Over that , expect a 15 minute interview with a paramed technician during which they will want both blood and urine samples . For $ 1 million or more , expect a sitting EKG as well or possible an exam by an M.D. . The blood will be mailed to a lab and tested on a comprehensive basis , which will show results of about30 different blood readings . You have to ask for a copy of that report if you want to see it . We always recommend that our customers ask for a copy of that blood lab report to keep . That blood report is looked at very closely by life underwriters because it can often reveal problems or coming problems . And if you do n't like the results of the insurance company 's blood test report , you can always have it repeated easily at the doctor or hospital of your choice , at your cost of about $ 45 .


Input: What Tests Are Run For Life Insurance?

Output: What tests are run for life insurance depends on the coverage applied for and vary somewhat by company . For smaller amounts there may just be a non-medical declaration and depending on whether or not anything is declared there may be no testing . If urine , and/or blood , is required , testing could include testing for bodily functions . The presence of raised levels of certain substances , such as sugar in urine , would trigger more tests . In addition , testing is done for nicotine and for traces of illegal drugs . X-rays , electrocardiograms or other tests could also be required . It is very important to be truthful when completing an application for insurance . If you have a medical condition you are concerned about , then experience and independence are important . I suggest working with a local agent/broker . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Tests Are Run For Life Insurance?

Output: The testing done by a life insurance company is a function of cost . Companies conduct as little testing as possible . Companies are now screening the medications prescribed . Reporting facilities can take one or two prescriptions and find out every drug that is prescribed to you . That gives the underwriter a pretty clear idea of your medical condition . Some testing of blood and urine is done . Other companies are using oral swabs . These techniques are designed to reduce cost and still discriminate acceptable from unacceptable risks .


Input: What Tests Are Run For Life Insurance?

Output: Great question ! The tests are dependent upon the company , and the amount of insurance that you are wanting , usually . For most smaller policies -LRB- think $ 50,000 and below -RRB- the usual process is answering the health questions on the application , maybe a short phone interview , and the company checking on your medical history -LRB- the MIB authorization that you okay 'd -RRB- and their checking your prescription records . Based upon what they find , they can issue the policy as is , modify or rate the policy -LRB- add a period where your benefit is reduced to premiums paid plus interest , and charge a higher premium to cover for the increased health risk -RRB- , ask for additional records or tests , or deny your coverage . There are policies out there that do not ask any health questions at all , but all are a graded product -LRB- reduced benefit for the grade period -RRB- and generally more expensive than a regular policy . If you would like more help , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Does Homeowners Insurance Cover Siding Replacement?

Output: If the siding of your home is damaged as a result of a covered peril as stipulated in your policy , then there would be coverage to replace or repair the damaged portion . Of course this would also be subject to your policy deductible . Check with your Insurance Professional to understand your particular circumstance and the coverage your policy provides .


Input: How Long Can You Stay In Rehab With Medicare?

Output: You are asking a question that is important as to what the doctor is recommending for the level of coverage . If you have fallen and broken a hip and the doctor is certifying skilled nursing facility is needed then the usual coverage provided by medicare for skilled nursing facility applies . However , if the doctor is asking for `` custodial care '' then there is no coverage benefits . I realize I may not have the facts related to your question so you may want to go to WEBSITELINK and type in the type of coverage and you should find the answer there or if you call the `` customer service '' for the insurance company involved they can also tell you .


Input: Can You Get Life Insurance When You Are Pregnant?

Output: Yes , you can obtain life insurance when pregnant . If your health is excellent and you fit the weight guideline for the preferred ratings , you can get rated Preferred or better . Even if you have gestational diabetes , you can get life insurance that is Standard or better , as long as it is well controlled .


Input: Can You Get Life Insurance When You Are Pregnant?

Output: You can purchase individual life insurance while pregnant . Most companies will not have a problem with the first two trimesters underwriting an individual who is pregnant and at that point experiencing a normal pregnancy without complications . The third trimester is a bit more dicey as most carriers at that point may wish to wait until after childbirth to underwrite . I have written and had issued life insurance for people up to the 7th month without any extra premium or restrictions by the insurance company . It is going to depend on the health of the person and how the pregnancy is going .


Input: Can You Get Life Insurance When You Are Pregnant?

Output: To the best of my knowledge , you can not purchase individual life insurance while you are pregnant . Employer group life insurance plans , especially those that do not have medical underwriting questions , are one way for you to obtain additional life insurance while you are pregnant . Once the baby is delivered you are free to apply with any carrier .


Input: Can You Get Life Insurance When You Are Pregnant?

Output: As long as you are in good health and pregnant with no history of complications you are going to be considered insurable for underwritten individual life insurance at standard rates . Current pregnancy with complications such as gestational diabetes , toxemia , eclampsia or pre-eclampsia will likely result in a decline at most insurers .


Input: Is Disability Insurance Deductible For Self Employed?

Output: When youre self-employed or a managing member of an LLC , youll need a paper trail of documentation for any legitimate benefits you want to expense . In this case , youll draft a disability document or your attorney , spelling out the benefit arrangement . Keep in mind that if you do deduct the disability premium , the benefits will be taxable as ordinary income .


Input: When Is Mortgage Life Insurance Required?

Output: In no case may a lender require the borrower to purchase mortgage life insurance from the lender or lender 's affiliate . In the rare cases when issuing a loan is made contingent on the borrower maintaining life insurance to secure the debt , an existing or newly acquired personally owned policy will provide more flexibility and will usually be at a lower cost than specialized credit life products .


Input: What Type Of Life Insurance Can I Borrow From?

Output: Permanent life insurance has two products that accumulate cash values : Participating whole life insurance and universal life insurance . Borrowing from participating whole lifeinsurance has two types of policy loans that charge interest : spread loans and direct recognition loans . But before you borrow via loans that will cost you money , take the dividends up to your basis -LRB- your contributions -RRB- free of charges . Universal life -LRB- UL -RRB- has three cash value accumulating contracts : Current Assumption Interest Rate UL , Indexed UL and Variable UL . There are four different policy loan provisions that most UL use . Zero net cost loans , wash loans , spread loans andparticipatingloans.But before you borrow via loans that will cost you money , take your basis first -LRB- your contributions -RRB- free of charges . But be advised takingbasisfirst could trigger an ordinary income tax event for policies datedafterJune 21 , 1988 . Consult your taxadviserbefore moving forward accessing you policy using withdrawals . One last thought : Policy loans are not treated as taxable incomeproviding thatthe policy is kept in force for the lifeofthe insured , i.e. until the insured dies . If the policy is surrender orlapses out of coverage , an ordinary income tax event willoccurfor policy loansreceivedand internal policy loans that have accumulated.Consult your taxadviserbefore surrendering orallowingyour policy to lapse .


Input: What Type Of Life Insurance Can I Borrow From?

Output: You can borrow from whole life , universal life , indexed universal life , and variable universal life policies . These are the types of policy that can accumulate cash - basically all policy types except term life insurance . It is an easy process - just call up the insurance company and ask them to send you a check or wire the money . To borrow money from your policy , you must have sufficient money in your cash surrender account and be sure not to borrow too much or the policy may lapse .


Input: Does Health Insurance Improve Health?

Output: That is a great question ! Health insurance improves your health by allowing services . treatments and medications that may otherwise have been to expensive to obtain become affordable . In many cases , the insurance allows for free or low cost preventative checkups and maintenance visits that enable you to catch things early , or to prevent them all together . Health insurance is a must . Thanks for asking !


Input: How Can I Get Homeowners Insurance To Pay For A New Roof?

Output: Typically there is going to have to be a claim in order to have a roof repaired or replaced . In most states the roof is covered on a replacement cost basis , however , many states are moving to an ACV , or actual cash value , approach to paying roof claims due to the high number of fraudulent claims arising from hail damage . You need to check with your agent about your policy to see if you have the replacement option with special coverage as the reason for loss . Then a claims adjuster will need to determine what was the cause of the damage . They will also determine if the roof is repairable with like kind and quality replacement shingles . As with almost every part of insurance wear and tear is excluded . Maintenance and replacement are the homeowners responsibility . Insurance is for unexpected losses .


Input: How Can I Get Homeowners Insurance To Pay For A New Roof?

Output: Keep in mind that your homeowners policy is not a maintenance policy . Similar to your auto insurance not providing coverage for new tires or new brakes , your homeowners insurance policy will not pay for a new roof if the roof is worn out and has just deteriorated over time . The life of a typical composition shingle roof is anywhere from 20 - 30 years and needs to be replaced if it is falling apart due to wear and tear . This is very different from a claim scenario where your roof sustains sudden and accidental damage from a storm -LRB- i.e. wind or hail -RRB- . If this is the case , your roof can be covered under your homeowners insurance and depending on the extent of the damage could potentially be covered for replacement . Everyone should consult their agent to check the language of the policy and weigh all options because when you submit a claim it is normal for your rates to go up because of a loss of discount and / or a rating surcharge . -- @MooneyInsurance


Input: Can I Take Out Life Insurance On My Brother?

Output: If you and your brother are buying a business together , or live together , or have some other financial connection where his death would cause you financial harm , then you can take out life insurance on your brother . You could also take out a small final expense policy on him if he would rely on you to take care of his affairs if he would die . If you are unsure whether there is sufficient financial consideration for you to buy a life insurance policy on your brother , you can call an insurance website or agency to find out . You do n't need to go through the whole application process , first . These things can be determined ahead of time .


Input: Can I Take Out Life Insurance On My Brother?

Output: Yes you can , if you if you have an insurable interest in him . This means is there some financial consideration or connection between the two of you . This is necessary in order to obtain this insurance and you must also inform your brother that you are doing it . Thank you . GARY LANE .


Input: Can I Take Out Life Insurance On My Brother?

Output: Yes . You can buy life insurance on your brother if several factors are met : 1 -RRB- He agrees to allow you to take out a life insurance policy on his life -LRB- evidenced by him signing the paperwork as the proposed insured -RRB- . 2 -RRB- There is an insurable interest for the coverage . 3 -RRB- The policy being applied for is suitable to the need - there are limits to how much coverage can be taken out a person -LRB- generally 20-30x income - exact maximum coverage allowance varies by carrier -RRB- . After discussing the prospect of buying the insurance with your brother , you will want to talk to an experienced life insurance broker who can go through everything with you , help you evaluate how much coverage is appropriate for what you 're trying to accomplish , review your brother 's medical history -LRB- this is very very important because the medical history determines the risk classification he qualifies for - the risk classification determines the premiums you will have to pay for the coverage -RRB- , provide the proper and most accurate quotes for the coverage , and get the coverage placed in force . I hope the input is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Can I Take Out Life Insurance On My Brother?

Output: That is a great question ! You absolutely can , provided that you can do two things - have his consent , and signatures on the application ; and be able to show that there is an insurable reason for wanting him to be covered . As he 's your brother , neither of those should be a problem . Thanks for asking !


Input: What Is The Best Age To Buy Long Term Care Insurance?

Output: Just like life insurance , it is best to purchase this type of coverage as young as possible to keep your rates as low as possible . Typically the older you are the more the premium will be . Please contact a local agent to find out what coverages are available within your geographic location and the cost associated with those coverages .


Input: What Is The Best Age To Buy Long Term Care Insurance?

Output: Like life insurance , your money may pay for it but it is your health that buys it . The sooner you purchase your Long Term Care Insurance the better . Buy it while your health is still good . Long Term Care can sometimes be hard to get if you have health issues .


Input: How Much Does AARP Life Insurance Cost?

Output: With most life insurance policies the lowest monthly premium they will offer is around $ 15 . The company that is braded as AARP life insurance is actually New York Life . New York Life is a highly rated life insurance company . Many of the life insurance certificates sold by New Your Life will allow for future rate increases so the initial rate MAY only be temporary with that particular company .


Input: How Much Does AARP Life Insurance Cost?

Output: AARP life insurance comes in both Term and Whole Life , and some of their policies are available to those with health conditions while others require pretty good health . So the price of their policies varies a lot depending on these factors . In comparing the price of AARP policies against the policies offered by other carriers it is important to review how long the premium is guaranteed not to go up .


Input: How Much Does AARP Life Insurance Cost?

Output: AARP life insurance is only offer through the American Association of Retired Persons , so you must contact them to get the policy rates . They offer different types of coverage with different guarantees , so be sure to inquire about all the policy features when comparing to other life insurance quotes found on the internet or from your local agent .


Input: Who Can Apply For Disability Insurance?

Output: Most people who draw a salary can apply for Disability Insurance . Some things that might cause someone to be uninsurable for Disability Insurance are chronic health conditions that have a tendency to cause disability , dangerous occupations , or advanced age . You can contact an agent or website that sells DI to quickly determine whether Disability Insurance is something for which you might qualify .


Input: Can A Green Card Holder Qualify For Medicare?

Output: For green card holders to become eligible for Medicare , they have to meet 2 conditions : 1 -RRB- Work in the United States for at least 40 quarters and paying FICA taxes for Medicare -LRB- as it is for everyone -RRB- . 2 -RRB- Live in the United States for at least five years continually -LRB- cant do 2 years here , a year somewhere else , and then 3 more years here -RRB- . If you meet condition 2 , but not condition 1 , you would be able to get Part A , but would have to pay the premium -LRB- up to $ 426 per month in 2014 -RRB- . Part B premium is paid by all Medicare beneficiaries regardless . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Happens When Life Insurance Term Expires?

Output: When a life insurance term expires , a few things can happen , depending on the features of your term policy . Sometimes , the policy will simply end , and you must get new one if you want to have continued coverage . Sometimes , the policy can be extended at a higher price or lower face amount . You will know this when you take the policy out . Another thing that might happen is that the policy is changed from a level term to an annually renewable rate . This rate is much higher than your original premium and goes up every year .


Input: Will My Health Insurance Cover Lasik?

Output: Many vision insurance plans will cover Lasik surgery . Sometimes major medical health insurance policies will cover Lasik surgery if the procedure will restore sight or make a major improvement in your vision when all other corrective procedures have been ineffective . If you have a medical condition that affected your vision and Lasik is recommended your regular health insurance policy may cover the procedure .


Input: Will My Health Insurance Cover Lasik?

Output: Health insurance would only cover eye surgery if a disease of the eye is involved , such as cataracts or glaucoma . Corrective Lasik surgery is generally not covered by most health insurance companies . It is considered elective . This means that you want it done for cosmetic reasons . It could be covered under a vision plan however .


Input: What Are The Best Long Term Care Insurance Companies?

Output: There are many long-term care insurance companies that have affordable rates and top-notch coverage . Some of them include John Hancock , Genworth and Mass Mutual . Since rates and benefits can vary , it is always best to work with an experiernced full-timebroker or financial planner that cab shop the best carriers and discuss the suitability of plans and how they will meet your goals .


Input: What Types Of Renters Insurance Are There?

Output: In New York there are few variations in the renters policy . The basic policy covers Personal Property , Additional Living Expense , Medical Payments , and Personal Liability . Many insurance carriers use their own policy forms and endorsements . A reputable agent or broker will have a specimen policy available and can outline the various coverages . Your Personal Property can be covered for Actual Cash Value or Replacement Cost . A good insurance representative can explain the difference in terms you can understand . The standard renters policy provides ` named perils ' on your personal property . ` Open perils ' commonly known as ` all risk ' is also available for more premium . Deductibles for the property coverage start at $ 100 or $ 250 and go up from there . The higher the deductible , the more the savings in premium . Many landlords require their tenants carry renters insurance and provide evidence of it - so if this is your situation , find out what the requirements are . Most insurance carriers in NY will not add the landlord as an ` additional insured ' under the personalliability section . Sometimes landlords request this in the rental agreement . Usually , a copy of the declarations page will satisfy the landlord .


Input: Is Aflac Disability Insurance Taxable?

Output: If you pay your Aflac Disability Insurance premiums with money that has already been taxed , your benefits are not usually taxed if/when you collect your Disability Insurance benefits . For employer provided Disability Insurance through Aflac or any other company , contact your human resources department to determine if your Aflac insurance benefits are taxable .


Input: Is Aflac Disability Insurance Taxable?

Output: AFLAC disability insurance is really no different than any other company 's disability policy when it comes to the rules of taxation . If you paid your premiums with your post tax or after tax dollars then your disability benefits should not be taxed . If your employer pays your premiums and writes them off on the company taxes , then the disability benefits would be taxed as ordinary income and you will receive a 1099 from the insurance company or AFLAC in this case .


Input: Does Medicare Cover DME Supplies?

Output: Yes , Medicare covers DME supplies if they are prescribed by your doctor and are for use in your home rather than in a health care facility , long term rehab center , etc. . In addition , Durable Medicare Equipment must be long lasting , used for a medical reason , and not useful to someone who is not sick or injured .


Input: Can You Take A Loan Against A Whole Life Insurance Policy?

Output: If the whole life policy has a cash value you can borrow from the insurance company using your policy as collateral . the amount you can borrow can be as high as 90 % . Check with your life insurance broker to be sure . In Canada , if you borrow in excess of the adjusted cost base of the policy , it will trigger a taxable event . If / when you repay the loan you receive an adjustment you can use when you file your taxes . If you borrow from a bank using the policy as collateral , it does not trigger a taxable event . Check with you life insurance broker , to be advised of the consequents of borrowing . If you do borrow reminder to at least pay the interest on the loan to avoid compound and putting the policy ar risk of lapsing . If you have further questions , or fell that I could be of assistance , please do not hesitate to contact me .


Input: What Age Are Children Covered Under Health Insurance?

Output: Children can be covered under an existing health insurance plan the moment they are born . Dependent children can stay on a parent 's health plan until age 26 . Many children in America are covered under their State 's Medicaid -LRB- or comparable -RRB- program due to financial constraints of the family . However , everyone has the right to purchase coverage on of off exchange as long as they have the means to pay for it . Having just had a baby girl only 2 months ago our Daughter was immediately put on to our group health plan through my Wife 's employer and we had 30 days to decide whether we wanted to pay the additional premium and add her .


Input: Why Cancel Whole Life Insurance?

Output: There are only a very few reasons why one may want to cancel a Whole Life policy . One reasonable reason is in the case of replacing a policy with a better one , such as a policy from a non-participating stock company to a Mutual company that pays dividends to policy holders . Another reason might be in the case where the insured has no beneficiary or desire to leave a legacy to anyone and needs the cash value of the policy now .


Input: Why Cancel Whole Life Insurance?

Output: That is a great question . Why Cancel Whole Life Insurance ? I suppose the only reason I would cancel such a policy is because I found a policy which better meets my needs . If the whole life policy has been in force for a few years or more , you need to take into consideration what the cash value is , are you insurable -LRB- needed if you were to get a different policy -RRB- , if you have any loans out on the cash value which may make the policy NOT transferable . These are just a few of the issues that would be discussed or at least looked at .


Input: When Can I Get A Medicare Supplement?

Output: You are eligible to purchase a Medicare supplement plan any time if you have Medicare Part A and Part B. Unless are in a guaranteed issue period , you will need to provide evidence of insurability . Medicare supplement plans do not have open enrollment . You can purchase or change your plan at any time .


Input: Who Is Not Eligible For Long Term Care Insurance?

Output: There are a variety of conditions which can make one ineligible -LRB- uninsurable -RRB- for individual long term care insurance . The underwriting process - risk selection and risk categorization by the insurance company - is different for long term care insurance than for life insurance -LRB- mortality -RRB- or disability insurance -LRB- morbidity -RRB- . So , it is possible to be declined for life insurance but insurable for long term care insurance . At a high level , long term care insurance underwriters generally consider the proposed insureds ; height and weight , medical history , and ability to perform the activities of daily living -LRB- ADLs -RRB- . Cognitive and mobility impairments are common examples of conditions which would make one uninsurable .


Input: Why Have Renters Insurance?

Output: Great question ! You should have a renters insurance policy anytime you are putting your belongings in a place that belongs to someone else , especially if it will be difficult for you to replace those belongings , should they be damaged or destroyed . It is a common mistake to believe that the landlords insurance would cover you if something were to happen . Unfortunately , that is not the case . It is a good idea to get a policy . They are relatively inexpensive , and a lifesaver , if you have to file a claim . If you need help , please feel free to contact me , okay ? Thanks for asking !


Input: Why Have Renters Insurance?

Output: All insurance is based upon the concept of shared risk . You should buy a renters policy if you can not afford the cost of replacing everything that you own . You should buy a renters policy if you can not afford the cost of a lawsuit from personal injury or property damage . You should buy a renters policy if it is required by your landlord .


Input: Does Guardian Life Insurance Do Drug Testing?

Output: Guardian life will test for Nicotine and Cocaine . These are the two most common substance tests that almost all insurers test for when they perform medical underwriting . Besides these two substances , most carriers -LRB- Guardian included -RRB- , do not test for other substances , i.e. drugs . If there are other drugs that you currently use and you do not disclose , you do run the risk of creating a contested life insurance policy if you should die within the contestability period .


Input: Can Addicts Get Life Insurance?

Output: It is difficult to get anything but guaranteed issue life insurance while currently an addict of illegal or prescription drugs . And if under age 40-50 , finding guaranteed issue life insurance can be very difficult . So the best place to start in finding life insurance while an addict , is to seek out treatment for your addiction . Once you have been clean for a couple of years , finding life insurance is not a problem in most states .


Input: Can Addicts Get Life Insurance?

Output: Depending on the addiction you can but you may have to go to a guaranteed Issue policy . Not knowing the addictions and details it is hard to give a definitive answer . Are you still taking the substance or have been clean for a period of time ? Is it Marijuana , pain pills , alcohol or crack cocaine ? The answer to those questions could make a difference .


Input: What Does Auto Insurance Protect Me From?

Output: An auto isnurance policy is made up of several different coverages which cover a variety of things . Keep in mind insurance is also State specific , so the specific coverages that make up an auto policy can vary from state to state . In my state -LRB- TN -RRB- , the typical policy is made up of ; Liability - pays to the injuries or others subject to your policy limits Property Damage - Pays to fix damaged property of other subject to your policy limits Medical Payments - paid to you or your passengers subject to the policy limits Uninsured/underinsured motorist - covers you if another does n't have any or enough insurance subject to policy limits Comprehensive - subject tothe policydeductible , covers things like fire , theft , water , glass or collision with an animal . Collision - subject to a policy deductible covers damage to your car when the accident is your fault . There are other coverages like rental car expence , towing , etc. that can be added to a policy . The above is a very brief overview . Check out WEBSITELINK for a pretty indepth explanation of an auto insurance policy . It is also best to speak with a local independent agent in your area and ask them about speciifcs for your state and your personal needs .


Input: What Does Auto Insurance Protect Me From?

Output: Auto insurance provides many benefits that protect you from a wide range of items . Liability coverage is perhaps the most important , and of course , it is required by law in almost every area of each state . If you were to have an at-fault accident , you could cause bodily injury and/or property damage that could result in hundreds of thousands of dollars in physical damage , medical expenses and loss of income . Auto insurance policies can also provide coverage for the vehicle you are driving and passengers in the vehicle .


Input: Why Do People Buy Long Term Care Insurance?

Output: People buy long term care insurance to protect their assets in case they should need to pay for expensive care for themselves for an extended period of time -LRB- months to years -RRB- . When someone receives long term care , they must pay out of pocket , because Medicare does not pay it -LRB- beyond , possibly , under one month at that start , followed by 80 days of partial payment , but only if qualified -RRB- . When their liquid assets run out , they must tap into other assets , even the value of their home , if no remaining spouse lives there . When assets are nearly depleted , they can receive Medicaid funding , but not before that . Having Long Term Care insurance helps avoid that scenario , as the policy will pay for the care until policy funds run out . If a Partnership plan , assets are protected up to the amount of coverage purchased . There are other reasons buy Long Term Care Insurance , as well . One of the main ones is being able to provide for their own care of their choice , and not burdening loved ones with that worry .


Input: Why Do People Buy Long Term Care Insurance?

Output: People purchase long term care insurance to mitigate the cost of assisted living care and / or nursing home care during their senior years . As we live longer , the risk of care is increased and the cost is formidable . So it 's important for seniors to consider long term care , especially when most may be on a fixed income retirement plan and generally ca n't afford to pay a large expense for elder care .


Input: Why Do People Buy Long Term Care Insurance?

Output: People purchase long term care to mitigate the cost of assisted living and/or nursing home care during their retirement years , The # 1 risk in retirement is living too long , which can place a strain on retirement funds , But adding long term care costs to a tight budget can acerbate the fiancees .


Input: What Does It Mean To Be The Owner Of A Life Insurance Policy?

Output: An owner of a life insurance policy pays premiums and controls the rights in the policy such as the right to name and change beneficiaries . An owner has an asset in the cash values of permanent life insurance that can be used as collateral for a loan . The owner can borrow from the policy .


Input: What Does It Mean To Be The Owner Of A Life Insurance Policy?

Output: The owner of the life insurance policy `` owns '' the policy and has the right to control it . The owner does not have to be the insured person ; in fact , the policy owner may be a business or trust . The owner also does not have to be the payor . However , the owner could change beneficiaries or make other decisions for the policy that the payor did not intend , so normally those two roles coincide . Finally the owner may be the beneficiary ; or the beneficiary may be a grandchild , a charity , an employees family , or whoever the owner desires to receive the money upon the death of the insured .


Input: Can Police Impound Your Car For No Insurance?

Output: Can police impound your car for no insurance ? This is probably going to be a decision made locally and there is nothing in the Constitution that would say they can not and the more severe your driving record cetainly the higher the chance . If you have been stopped or had a violation especially DUI then the higher the possiblity and the bail on that car is probably going to be so high you will not be able to afford it . You know yu are required to have insurance so why would you fight the law ? You know you can not win this fight .


Input: Can Police Impound Your Car For No Insurance?

Output: Police at their discretion could impound your vehicle for operating the auto on the road with no insurance . Most of the time you will just receive a citation and be sent on your way but I have known clients who felt it was their duty to tell the officer why he is wrong and there you go . Impounded .


Input: Can Police Impound Your Car For No Insurance?

Output: It is possible , especially if the reason that you were pulled over is compounded by the fact that you are driving without insurance . At the very least , doing so will increase the amount you will have to pay for the ticket . Remember that maintaining continuous coverage is a requirement in most states . Not having it can in many cases result in your registration being suspended . Now , if you are pulled over and have no insurance AND a suspended registration , I think you can plan on having your car impounded .


Input: Can Police Impound Your Car For No Insurance?

Output: Great question ! I hope that you never have to find out . I know for a fact that some Police Departments will impound , if you are driving without insurance and are stopped . -LRB- I had a family member who learned that the hard way . -RRB- They are less strict if you have insurance , and just do n't have proof , but either way your record and insurance premium are going to take a serious hit . So will your wallet . Please do not drive without insurance , if not for yourself , then for the other person that you may hurt or kill . Thanks for asking !


Input: Who Is John Hancock Life Insurance?

Output: John Hancock Mutual Life Insurance Company was established in Massachusetts in 1862 . John Hancock went from a mutual company to a stock company in the year 2000 , and was renamed John Hancock Financial Services , Inc. . Manulife Financial Corp -LRB- based in Cananda -RRB- acquired John Hancock Financial in 2004 . John Hancock Life Insurance Company now writes life insurance in the USA . It is a highly respected carrier for life insurance and other financial products .


Input: How To Switch From Medicare Advantage To Medigap?

Output: In order to switch from a Medicare Advantage Plan to a Medigap Plan you must do it during the Annual Enrollment Period which is October 15 - December 7th . You can contact an independent agent who can show you all the plans available and help match a plan to your needs . A good agent will also go over the simple health questions with you to make sure you qualify . Your effective date for the new plan will be 1/1 and that is also when you will have your old plan end . If you miss that window there is also a Medicare Advantage Disenrollment period that starts on January 1st - February 15th . A good independent agent will make your life a lot easier making the transition to a Medigap Plan .


Input: Why Does Everyone Need Health Insurance?

Output: I am answering this question as a consumer , and as someone who is concerned about the state of our country . I sell life insurance for a living , but am very familiar with how the health insurance marketplace works . I think that everybody does need health insurance , but that everybody shouldnt need health insurance . At least not the way we provide it these days . In our current healthcare delivery system , the cost of services is extremely high . Too high , in many cases . There are probably a variety of reasons for this : greed ; cost inefficiencies ; a litigious legal environment ; burdensome government compliance ; etc. . This is not to say that we do not deliver superior services . People from the world over come here to get the best of care . But we pay an arm and a leg for it , and we shouldnt have to . This has made medical insurance the lesser of two evils . Better to have expensive coverage to minimize your out-of-pocket costs , than to go bankrupt or kill your credit record with huge outstanding debt . Or to have too many people exploit the willingness of healthcare providers to provide free service to the needy , and force the rest of us to subsidize their care . But the price of that coverage is often ridiculously high . And too often , we pay for benefits that we never will need . In the best of all worlds , we would optimize the risk-sharing between the individual consumer and the system . Benefit plans would be tailor-made to the greatest extent possible . Young , healthy guys should be able to buy bare-bones catastrophic coverage . Women of childbearing age could have more comprehensive coverage . And on and on . The last thing you want is for politics to dictate benefits according to the agenda of special interest interest groups . One size does not fit all , and it makes the vast majority of us overpay for services we will never use . This is why I am a huge supporter of alternative self-insurance organizations and healing centers . Health insurance is not one of the basic needs of life , contrary to what many politicians will tell you .